{"id":117165,"date":"2026-05-15T00:00:00","date_gmt":"2026-05-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=117165"},"modified":"2026-05-15T02:57:47","modified_gmt":"2026-05-15T02:57:47","slug":"another-vote-of-confidence-in-the-gccs-investment-prospects-from-foreign-investors","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/another-vote-of-confidence-in-the-gccs-investment-prospects-from-foreign-investors\/","title":{"rendered":"Another vote of confidence in the GCC\u2019s investment prospects from foreign investors"},"content":{"rendered":"<section id=\"117167\" 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=\"117167\">\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\/15\/this-morning-ega-eyes-stake-in-omani-rival-masdar-secures-approval-for-uk-offshore-wind-project\/\">\r\n                            THIS MORNING: EGA eyes stake in Omani rival + Masdar secures approval for UK offshore wind project                        <\/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\/15\/this-morning-ega-eyes-stake-in-omani-rival-masdar-secures-approval-for-uk-offshore-wind-project\/\" 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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One final push\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We end the week once again on a positive note<\/strong>, with another strong signal from foreign investors, this time for the GCC more broadly. BlackRock\u2019s Global Infrastructure Partners and Singapore\u2019s Temasek have partnered up with Abu Dhabi\u2019s Adnoc and new sovereign wealth fund L\u2019Imad for a USD 30 bn fund targeting investments in infrastructure across the region and Central Asia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move comes amid a flurry of investments from big foreign players<\/strong>, including Brookfield last week with its Dubai Hills investment, and statements of confidence in the press from the people leading other major investors like KKR on investment prospects in the region \u2014 especially now as infrastructure and supply chain resilience become key priorities for governments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of resilience:<\/strong> In another push for our defense capabilities, state-owned defense firm Edge has just acquired a majority stake in Italian propulsion systems manufacturer CMD. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- It\u2019s another hazy, slightly breezy<\/strong><strong> \u2014 but still very warm \u2014 day<\/strong>, with a high of 38\u00b0C in Abu Dhabi and 36\u00b0C in Dubai, with both emirates seeing a low of 27\u00b0C. <\/p>\n<p class=\"tag-border-left\"> Happening today<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a busy weekend for the UAE<\/strong>, with Art Dubai kicking off, Indian Prime Minister Narendra Modi planning a visit, and a UAE delegation taking Investopia to Milan. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a><strong> #1- Prime Minister Narendra Modi will begin a five-nation tour today, starting<\/strong><strong> with the UAE<\/strong> before traveling to the Netherlands, Sweden, Norway, and Italy, a foreign ministry <a target=\"_blank\" href=\"https:\/\/www.mea.gov.in\/press-releases.htm?dtl\/41126\" style=\"\">statement<\/a> reads. The UAE is the only Gulf stop, and the visit comes as higher oil prices, shipping disruption, and pressure on India's FX buffers weigh on India\u2019s economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus: Analysts expect the needle to move on the two countries\u2019 strategic defense partnership, signed <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/20\/uae-india-agreement-blitz\/\" style=\"\">earlier this year<\/a><\/strong><strong>. <\/strong>This comes as defense climbs very high up Abu Dhabi\u2019s agenda, with last week\u2019s Make It in the Emirates marking a clear inflection point for the sector amid a bigger focus on owning the full ecosystem from components to IP and supply chains. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s also happening alongside a Brics gathering of foreign ministers in New Delhi<\/strong>, which kicked off yesterday and is set to test the bloc\u2019s ability to find a common line on the Iran war. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tensions were felt on day one:<\/strong> Iranian Foreign Minister Abbas Aragchi <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/iran-uae-clash-brics-foreign-ministers-meeting-2026-05-14\/\" style=\"\">accused<\/a> the UAE of \u201ccolluding\u201d with Israel, saying it was directly involved in attacks against Iran and denouncing the lack of a condemnation from the UAE when the US-Israel attacks had started. The UAE has not confirmed or denied any direct attacks against Iran, but the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/the-u-a-e-has-been-secretly-carrying-out-attacks-on-iran-f1745a0d\" style=\"\">Wall Street Journal<\/a> claimed it had launched attacks on the country earlier in April. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iran has been calling on India to use the Brics platform to build consensus against US-Israeli actions<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/iran-war-cast-shadow-brics-foreign-ministers-meeting-delhi-2026-05-13\/\" style=\"\">Reuters<\/a> reports \u2014 and Tehran is already at odds with fellow Brics member the UAE on the war's framing. India is pushing for a joint statement anyway, even as several Brics economies absorb war-driven energy costs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Over in Milan, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/investopia.ae\/events\/investopia-milan-2026\/\" style=\"\">Investopia<\/a><\/strong><strong> is kicking off today<\/strong>, with officials including State Minister Shakhboot Bin Nahyan Al Nahyan and Economy Minister Abdulla Bin Touq Al Marri in attendance. Topics set to be explored include: resilience amid geopolitical changes, industrials and advanced tech cooperation prospects, and the new energy equation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Back home, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.artdubai.ae\/\" style=\"\">Art Dubai<\/a><\/strong><strong> will be opening its doors at Madinat Jumeirah today<\/strong>, running until Sunday. Downsized and pushed back from its earlier set date (in April) due to the war, the exhibit will feature 50 exhibitors, two-thirds of which are based in or have outposts in the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">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>EGA eyes stake in Omani rival: <\/strong>Emirates Global Aluminium (EGA) is looking to acquire an undisclosed stake in Oman\u2019s Sohar Aluminium, sources familiar with the matter told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/ega-advanced-talks-take-stake-sohar-aluminium-sources-say-2026-05-14\/\" style=\"\">Reuters<\/a>. Sohar Aluminium is one of EGA\u2019s regional rivals, producing around 400k tons per year of the metal.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE already has a hand in the firm<\/strong>, with Abu Dhabi National Energy Company (Taqa) holding a 40% stake, as does Oman\u2019s state energy company OQ. British-Australian multinational mining firm Rio Tinto holds the remaining 20%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But can we really call it a takeover? <\/strong>EGA\u2019s entry into Sohar could come through buying Taqa\u2019s stake, some sources said, in a move that would mark the latest sign of UAE entities consolidating assets in <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=\"\">Dubai<\/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=\"\">Abu Dhabi<\/a>. Other sources, however, said EGA was eyeing Rio Tinto\u2019s stake, or even both Taqa\u2019s and Rio Tinto\u2019s. OQ could even increase its holding to avoid a foreign majority control situation, another source said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Outsourcing and expansion seem to be the name of the game<\/strong> for EGA recently, after its core smelting operations in the UAE took a huge hit <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/30\/attacks-hit-industry-threatening-higher-commodity-prices-and-investor-caution\/\" style=\"\">at the end of March<\/a>. A significant chunk of its capacity was taken out, and the firm was forced to <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/13\/this-morning-us-iran-leave-talks-without-an-agreement-ega-declares-force-majeure-on-some-contracts\/\" style=\"\">invoke force majeure<\/a> on several contracts. Since then, it has lined up <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/22\/emirates-global-aluminium-acquires-a-stake-in-italys-eco-green-staking-a-position-in-europes-scrap-economy\/\" style=\"\">an 80% acquisition<\/a> of Italian aluminium recycling firm Eco Green, and settled with the government of Guinea, restoring bauxite supply arrangements between EGA and Guinean mining company Compagnie des Bauxites de Guin\u00e9e. <\/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>REAL ESTATE \u2014 Hot on the heels of a major announcement of a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/13\/aldar-plans-20-mn-sqm-worth-of-developments-in-abu-dhabi\/\" style=\"\">22 mn sqm<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/13\/aldar-plans-20-mn-sqm-worth-of-developments-in-abu-dhabi\/\" style=\"\">expansion of housing projects<\/a><\/strong><strong> in Abu Dhabi, Aldar is expanding even further in Dubai. <\/strong>The Abu Dhabi developer just <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/840.pdf\" style=\"\">acquired (pdf)<\/a> a residential and retail community development in Dubai Studio City from private developer SRG for AED 1.1 bn. Construction on the development, which includes six mid-rise buildings and offers apartments for rent, will wrap construction in 2028. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm has been making a major push in Dubai<\/strong> after years of developments in Abu Dhabi. In a JV with state-owned Dubai developer Dubai Holding, the firms added two land plots worth AED 38 bn <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/09\/aldar-extends-dubais-property-skyline-with-aed-38-bn-developments\/\" style=\"\">earlier in February<\/a>, with the tie-up bringing in AED 21.5 bn worth of sales since 2023. At the time, Aldar said the two plots bring its total Dubai development pipeline to over 2.3 mn sqm.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s also been on a financing spree as of late:<\/strong> <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/17\/private-lending-is-going-strong-despite-regional-tensions-with-aldar-raising-aed-5-bn-from-banks\/\" style=\"\">In April<\/a>, Aldar secured an AED 5 bn sustainability-linked revolving credit facility, lifting total liquidity to AED 38.2 bn, after earlier tapping debt markets twice this year through two USD 1 bn transactions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>RENEWABLES \u2014 <\/strong><strong>Masdar <\/strong><strong>and German energy firm RWE<\/strong><strong> secured plann<\/strong><strong>ing approval from the UK government for their offshore wind JV project<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/rwe-and-masdar-receive-planning-permission-for-3gw-dogger-bank-south-offshore-wind-farm-projects-gznbvms6\" style=\"\">press release<\/a>. The Dogger Bank South wind farms are set to be located around 100 km off the northeast coast of England and have a combined 3 GW capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The approval follows the projects securing contracts for difference support from the UK government <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/20\/another-day-another-masdar-project-reaches-financial-close\/\" style=\"\">earlier this year<\/a>, giving the developers long-term price support for the electricity generated.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s ahead: <\/strong>RWE and Masdar will now move into detailed design and procurement work ahead of a targeted final investment decision in 2027.<\/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\/05\/14\/this-morning-masdar-secures-2-gw-from-chinas-jinkosolar-mubadala-backs-quantum-computing-firm\/\" style=\"\">Earlier this week<\/a>, Masdar secured 2 GW worth of solar power from China\u2019s JinkoSolar to use in Abu Dhabi\u2019s first <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=\"\">round-the-clock renewable energy project<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ENTERTAINMENT \u2014 We now know where (and when) Sphere Abu Dhabi will launch:<\/strong> The highly anticipated Sphere Abu Dhabi will open on Yas Island in 2029, between Seaworld Abu Dhabi and Yas Mall, The National reports, citing statements from Mohamed Khalifa Al Mubarak, chairman of Abu Dhabi\u2019s Department of Culture and Tourism. Construction will cost around USD 1.7 bn, he confirmed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The venue <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/16\/this-morning-masdar-dp-world-eye-projects-in-philippines-ewec-seeks-bids-to-develop-al-sila-wind-farm\/\" style=\"\">will match<\/a> the 20k-seat capacity of the Las Vegas original, with DCT Abu Dhabi overseeing funding and construction. Sphere Entertainment will provide tech expertise, operational support, and creative content, earning annual fees once the arena opens.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Data point<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AED<\/strong> <strong>5.6 tn \u2014 that\u2019s the UAE\u2019s gross bank assets as of the end of March 2026<\/strong>, up 1.5% m-o-m from AED 5.5 tn, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/c07is5j-gross-banks%E2%80%99-assets-reach-aed55565-billion\" style=\"\">Wam<\/a> reports, citing Central Bank data. Gross credit also expanded 2.5% to AED 2.7 tn, driven primarily by an AED 52.4 bn increase in domestic credit. Lending to the government sector rose 6.9%, while credit to government-related entities increased 6%. Private sector credit also edged up 1.1%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total bank deposits rose 1.4% m-o-m to AED 3.5 tn<\/strong>, supported mainly by a 1.3% increase in resident deposits to AED 3.14 tn, while non-resident deposits increased 1.8% to AED 307.2 bn. <\/p>\n<p><strong>Among resident deposits<\/strong>, GRE deposits recorded the largest increase, rising 16.3% to AED 363.1 bn, and government sector deposits climbed 9% to AED 427.3 bn. Private sector deposits declined 1.9% to AED 2.3 tn, while deposits from other financial corporations fell 2.5% to AED 70.2 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The figures show solid growth<\/strong><strong> in credit from banks despite the impact of the war on the quarter in March.<\/strong> The Central Bank of the UAE launched a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/18\/this-morning-dubai-oman-team-up-to-bypass-logistics-bottlenecks-ihc-signs-off-on-buyback-program-up-to-aed-5-bn\/\" style=\"\">resilience package for the banking sector<\/a> later in March to boost liquidity for local lenders. <\/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>All eyes are still on the Trump-Xi summit<\/strong>, now on its second and final day, which has so far reaped little other than a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/trump-xi-set-second-day-talks-after-taiwan-warning-2026-05-14\/\" style=\"\">smaller-than-expected order of 200 Boeing jets<\/a> from Beijing, which is its first of US commercial jets in almost a decade. Trump also said China will be buying oil from the US in an interview with <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2026\/05\/15\/trump-xi-summit-energy-purchase-china-iran-war-oil-shock-.html\" style=\"\">Fox News<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>He also <\/strong><strong><a target=\"_blank\" href=\"https:\/\/time.com\/article\/2026\/05\/14\/trump-xi-china-iran-strait-hormuz\/\" style=\"\">claimed<\/a><\/strong><strong> he had secured Xi\u2019s pledge to help resolve the US-Iran conflict<\/strong> and mediate a resolution that would see the Strait of Hormuz reopened. Hopes were high for support from China given its reliance on the Strait for a big chunk of its oil imports and its close relations with Iran.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of the war: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/ab78e60e-7a41-4943-a1a5-bd60b4ca31b9?syn-25a6b1a6=1\" style=\"\">Financial Times<\/a> claims Saudi Arabia is weighing up the idea of a Cold-War-esque non-aggression pact between the Middle East and Iran, as part of talks with allies in the region on how to move forward and manage tensions once the war ends. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As for today\u2019s regularly scheduled AI update: <\/strong>Cerebras<strong>\u2019 <\/strong>shares soared on its debut, ending the day up 68% amid strong demand from investors who weren\u2019t able to snap up a piece of the IPO before it came to market, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/stocks\/cerebras-to-kick-off-hotly-anticipated-year-for-artificial-intelligence-ipos-8b08ead7?mod=hp_lead_pos3\" style=\"\">Wall Street Journal<\/a> reports. <strong>We have more on the IPO, and what it says about the general AI craze of 2026, in this morning\u2019s Planet Finance, below. <\/strong><\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\">Saudi Arabia<\/a><\/strong>, and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\">logistics<\/a> industry?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> Circle your calendar<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n    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class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/blackrocks-gip-temasek-line-up-usd-30-bn-for-infrastructure-investments-alongside-adnoc-and-limad\/\">\r\n                            Local and global heavyweights team up for USD 30 bn in infrastructure investments in GCC, Central Asia                        <\/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\/15\/blackrocks-gip-temasek-line-up-usd-30-bn-for-infrastructure-investments-alongside-adnoc-and-limad\/\" target=\"_blank\">\n                 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href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/blackrocks-gip-temasek-line-up-usd-30-bn-for-infrastructure-investments-alongside-adnoc-and-limad\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/1223.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"117171\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/blackrocks-gip-temasek-line-up-usd-30-bn-for-infrastructure-investments-alongside-adnoc-and-limad\/1223-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/1223.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1223.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/1223.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/1223.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117170\" class=\"content-area-description single-story post-117170 post type-post status-publish format-standard has-post-thumbnail hentry category-the-big-story-today tag-adnoc tag-energy tag-enterpriseam-uae tag-infrastructure tag-investment 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>Another major vote of confidence in the GCC: <\/strong>At a time when GCC infrastructure is recovering from a wave of Iranian attacks, two of the world\u2019s biggest investors are teaming up with two Abu Dhabi giants to pledge USD 30 bn in investments across the region\u2019s infrastructure. The pledge follows a wave of major foreign investments in the UAE, specifically, in recent weeks, including from Brookfield, Lockheed Martin, and other asset managers flocking to Abu Dhabi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The quartet: <\/strong>BlackRock\u2019s Global Infrastructure Partners (GIP), Singapore\u2019s sovereign wealth fund Temasek Holdings, Abu Dhabi sovereign wealth fund L\u2019Imad Holding, and Adnoc are teaming up on the fund, which will target investments in energy, transport, logistics, and waste management in the GCC and Central Asia, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-14\/abu-dhabi-s-l-imad-eyes-30-billion-infra-push-with-temasek-gip\" style=\"\">Bloomberg<\/a> and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/blackrocks-gip-teams-with-temasek-abu-dhabi-heavyweights-target-30-bln-2026-05-14\/\" style=\"\">Reuters<\/a> report, citing a statement. It will raise a mix of debt and equity to finance its investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Temasek and GIP are global heavyweights: <\/strong>Temasek\u2019s portfolio is valued at around USD 434 bn, while GIP \u2014 acquired by BlackRock, the world\u2019s largest alternative asset manager, in 2024 \u2014 manages approximately USD 103 bn in assets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>They made sure we know how big a statement this is. <\/strong>\u201cThe partnership\u2026 reflects continued global investor interest in the UAE and the wider region, as destinations for \u2060long-term capital, supported by strong macroeconomic fundamentals, a growing pipeline of investable [windows] and an increasingly mature investment landscape,\u201d the firms said in the statement.<\/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\"> <strong>Opportunities<\/strong> could emerge from the conflict <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The overwhelming consensus among foreign investors is that the GCC is still very much investable \u2014 and perhaps even more so now. <\/strong>General Atlantic CEO Bill Ford and KKR\u2019s co-head for Europe, Middle East, and Africa, Tara Davies, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-14\/general-atlantic-kkr-say-middle-east-s-long-term-appeal-remains-intact?srnd=homepage-middle-east\" style=\"\">are backing the region<\/a> through the conflict. Davies said, \u201cit\u2019s a really interesting market for investing at the moment,\u201d referencing a potential surge in greenfield investing in projects aimed at boosting resilient infrastructure across the region, whether through alternative transportation routes and commodity corridors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, Ford believes local investors\u2019 ongoing investment push is a strong enough signal that the region is still focused on its long-term goals.<\/strong> \u201cThe capital providers in the region are still making commitments, they\u2019re still actively engaged with us,\u201d he said, adding that \u201cthey\u2019re looking at projects, looking at new investments.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Case in point is L\u2019Imad\u2019s involvement here. <\/strong>L\u2019Imad is a new Abu Dhabi sovereign wealth fund that has absorbed all of ADQ\u2019s assets \u2014 formerly Abu Dhabi\u2019s infrastructure-focused SWF \u2014 and is now <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/13\/new-abu-dhabi-investor-on-the-block-limad-appoints-board\/\" style=\"\">focused on investing<\/a> in infrastructure and real estate, financial services and asset management, advanced industries and technologies, urban mobility, and smart cities. The sovereign wealth fund now manages USD 300 bn worth of assets and is involved in major transactions, including Paramount\u2019s USD 111 bn acquisition of Warner Bros. Discovery. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While there\u2019s been plenty of discussion around <\/strong><strong><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=\"\">how the region\u2019s sovereign wealth funds might repurpose funds<\/a><\/strong><strong> during the conflict to support domestic sectors<\/strong>, there\u2019s been no evidence of major repurposing until now. All three Abu Dhabi funds have continued to invest in transactions abroad, spanning strategic sectors like tech and infrastructure. <\/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>Meanwhile, Adnoc itself has plenty of investments + expansion projects in the pipeline.<\/strong> It is already <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/25\/this-morning-adnoc-eyes-usd-150-bn-in-capex-until-2030-lunate-to-invest-usd-1-bn-in-mgx\/\" style=\"\">lining up bns of USD<\/a> in investments as it pushes ahead with capacity growth at home and expands its international footprint. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not the first time GIP has teamed up with a heavyweight Abu Dhabi investor.<\/strong> Abu Dhabi AI investor MGX partnered up for a similarly sized USD 30 bn vehicle alongside BlackRock, Microsoft, and Nvidia, named the Artificial Intelligence Infrastructure Partnership, to deploy capital into AI infrastructure. The platform aims to mobilize some USD 30 bn in equity, potentially reaching USD 100 bn including debt.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/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\/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=\"117172\" 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=\"117172\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/from-procurement-to-propulsion-edge-buys-into-italys-cmd-as-the-uae-localizes-more-of-the-defense-supply-chain\/\">\r\n                            Edge buys into European propulsion systems manufacturer                        <\/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\/15\/from-procurement-to-propulsion-edge-buys-into-italys-cmd-as-the-uae-localizes-more-of-the-defense-supply-chain\/\" 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 size and value of the stake were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The target: <\/strong>CMD designs and develops propulsion systems and precision engine components for automotive, marine, and aeronautical applications.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The acquisition gives Edge a stronger foothold in another part of the defense supply chain<\/strong>, this time in advanced propulsion, which will help it build a \u201cEuropean propulsion hub,\u201d CEO and Managing Director Hamad Al Marar said. It\u2019ll also accelerate the development of export-ready aerospace, marine, and automotive products as well as scale up CMD\u2019s production capabilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What happens next: <\/strong>The acquisition remains subject to regulatory approvals and is expected to close by year-end. CMD will continue operating independently under its current management team until completion. Afterward, Edge and existing shareholders \u2014 who will retain a minority stake \u2014 will jointly oversee integration plans.<\/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 lands amid a much wider UAE <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/uae-defense-sector-investment-drive-gains-momentum-with-plans-for-new-funding-platform\/\" style=\"\">push toward sovereign industrial and defense capabilities<\/a> as geopolitical tensions and repeated supply-chain disruptions reshape procurement priorities. While the terms of the acquisition don\u2019t mention any plans to bring CMD to Abu Dhabi or localize its propulsion systems here, it will give it access to CMD\u2019s tech stack and IP as the UAE pushes towards managing the end-to-end supply chain for defense, as analysts <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=\"\">previously told us<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Edge itself has been particularly active in the localization push<\/strong>, signing agreements around Make it in the Emirates (MIITE) 2026 spanning:<\/p>\n<ul>\n<li><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/08\/more-infrastructure-plays-from-mubadala-bny-eyes-adgm-digital-assets-and-yet-another-defense-localization-agreement\/\" style=\"\">Chiplet manufacturing with Lockheed Martin<\/a> ;<\/li>\n<li>An <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/07\/edge-taps-ecci-to-localize-defense-supply-chain-mubadala-backs-crediblex\/\" style=\"\">AED 200 mn<\/a> cable harness production agreement between the subsidiary Halcon and Emirates Cable Corporation Interconnect;<\/li>\n<li>An <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/uae-defense-sector-investment-drive-gains-momentum-with-plans-for-new-funding-platform\/\" style=\"\">agreement with France-based Icape<\/a> to localize printed circuit boards and electronic components;<\/li>\n<li>Separately, ahead of MIITE, a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/26\/edge-spain-partner-on-weapons-localization-dubai-industrial-city-to-get-new-concrete-facility-barakat-begins-new-kezad-build-payrails-sets-up-in-difc\/\" style=\"\">USD 1.5 bn pipeline agreement<\/a> with Spain-based EM&E Group to localize weapons production and related defense manufacturing capabilities.<\/li>\n<\/ul>\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\/edge-group\/\">Edge Group<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"117174 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=\"117174\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/117174\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117174\" class=\"content-area-description single-story post-117174 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"117175\" 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=\"117175\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/emirates-islamic-fab-line-up-esg-loans\/\">\r\n                            Emirates Islamic + FAB line up ESG loans                        <\/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\/15\/emirates-islamic-fab-line-up-esg-loans\/\" 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          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src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/emirates-islamic-fab-line-up-esg-loans\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1210.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"117176\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/emirates-islamic-fab-line-up-esg-loans\/1210-jpg-41\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1210.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1210.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1210.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1210.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117175\" class=\"content-area-description single-story post-117175 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-arada-developments tag-debt-watch tag-emirates-islamic tag-enterpriseam-uae tag-esg tag-first-abu-dhabi-bank tag-sustainability 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\">!_Anchhor03_! <strong>Two local lenders have shelled out sustainability-linked loans<\/strong> to local players in real estate and retail. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- EN<\/strong><strong>BD\u2019s Islamic arm lends AED 250 mn to BFL: <\/strong>Emirates Islamic, the Islamic banking arm of Emirates NBD, is lending Dubai-based retail player Brands for Less (BFL) an AED 250 mn financing facility, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-islamic-announces-aed-250mln-esg-linked-facility-structure-with-brands-for-less-group-ffynv0s6\" style=\"\">press release<\/a>. The facility is sustainability-linked, incorporating environmental, social, and governance aspects, and includes extra revolving financing lines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Next up?<\/strong> The facility will go towards BFL\u2019s everyday operations and trading activity. BFL had been expanding in Southeast Asia, with <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/22\/uae-economy-minister-denies-plans-for-income-tax-dubai-retailer-bfl-considers-ipo-to-fund-growth\/\" style=\"\">stores in Singapore and Malaysia opening<\/a> last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Sharjah-based developer Arada secured a five-year USD 100 mn f<\/strong><strong>acility from First Abu Dhabi Bank (FAB) to fund project development<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.arada.com\/en\/latest-news\/arada-signs-100-million-shariah-compliant-sustainability-linked-financing-with-fab-backed-by-italian-export-credit-agency-sace\/\" style=\"\">press release<\/a>. Italy\u2019s state-owned export credit agency Sace is the guarantor for the financing. Sace has <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/26\/uae-italy-strengthen-investment-ties-with-three-new-mous\/\" style=\"\">been involved<\/a> with similar agreements with Emirati players before.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why now? <\/strong>Arada has big plans in the pipeline. It\u2019s committing AED 2 bn to expand an Abu Dhabi-based healthcare provider it took an 80% stake in <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/08\/this-morning-wynn-might-delay-the-opening-of-its-rak-resort-dp-world-rolls-out-war-ins-coverage\/\" style=\"\">just last week<\/a>. It\u2019s also planning new launches <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/23\/real-estate-boom-helps-boost-sobha-aradas-earnings-sib-posts-double-digit-earnings-jump\/\" style=\"\">in the UAE and Australia<\/a>, an <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/18\/arada-buys-80-of-londons-thameside-west\/\" style=\"\">entry into KSA<\/a>, and is scaling its UK presence after taking an 80% stake in a USD 3.3 bn project in London <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/18\/arada-buys-80-of-londons-thameside-west\/\" style=\"\">last year<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Arada was among other Dubai developers that <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/26\/is-dubai-real-estate-credit-cracking\/\" style=\"\">saw their debt get pricier<\/a> at the peak of the conflict, with spreads on one of its issuances more than doubling to 707 bps. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ESG angle: <\/strong>FAB\u2019s facility to Arada comes as the developer pushes ahead with \u201cgreen investment,\u201d as it looks to integrate more LEED and WELL certifications into its future builds.<\/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\/arada-developments\/\">Arada Developments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-islamic\/\">Emirates Islamic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/esg\/\">ESG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sustainability\/\">sustainability<\/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=\"117177 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=\"117177\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/117177\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117177\" class=\"content-area-description single-story post-117177 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=\"117178\" 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=\"117178\">\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\/15\/orascom-space42-dana-gas-adnoc-ls-icd-report-1q-results\/\">\r\n                            Orascom, Space42, Dana Gas, Adnoc L&amp;S, ICD report 1Q results                        <\/a>\r\n                    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              <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/orascom-space42-dana-gas-adnoc-ls-icd-report-1q-results\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1166.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"117179\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/orascom-space42-dana-gas-adnoc-ls-icd-report-1q-results\/1166-jpg-45\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1166.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1166.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1166.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1166.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117178\" class=\"content-area-description single-story post-117178 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-adnoc-ls tag-adnoc-logistics-services tag-dana-gas tag-earnings-watch tag-enterpriseam-uae tag-orascom-construction tag-space42 wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"tag-border-left\">Orascom Construction doubles net income in 1Q 2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Orascom <\/strong><strong>Construction reported a sharp rise in first-quarter earnings<\/strong>, helped by robust growth in its US operations and a steady flow of infrastructure and industrial work across the Gulf and Egypt, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/851.pdf\" style=\"\">earnings release (pdf)<\/a>. Net income attributable to shareholders more than doubled to USD 53.4 mn in 1Q 2026, up 112.7% y-o-y, while revenue rose 73.2% to USD 1.5 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm\u2019s US business saw the biggest jump in revenues<\/strong> during the quarter, rising 120% y-o-y to USD 723.5 mn. Orascom attributed the performance to growing exposure to \u201cspecialized sectors,\u201d including data centers, aviation, and advanced manufacturing. Its US backlog reached a record USD 2.9 bn as of March-end, more than doubling y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Back home<\/strong>, its MEA backlog stood at USD 6.5 bn, with the group booking USD 1.2 bn in new awards during the quarter, led by infrastructure work in the UAE, Saudi Arabia, and Egypt. Its MEA segment had the largest share of revenues at USD 744.9 mn, up 43.6% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company said it will \u201ccontinue to monitor potential cost increases in the current uncertain environment<\/strong>,\u201d adding it may reassess parts of its cost structure depending on market conditions. <\/p>\n<p><a target=\"_blank\" id=\"kix.2932hejm2rv3\"><\/a> <\/p>\n<p class=\"tag-border-left\">Adnoc L&S\u2019 revenues lean on shipping gains<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Logistics and Services had a solid 1Q despite the Strait of Hormuz disruptions<\/strong>, owing to what the firm says is a \u201cdiversified\u201d business model. The firm saw its net income rise 20% y-o-y to USD 222 mn in 1Q 2026, according to its <a target=\"_blank\" href=\"https:\/\/adnocls.ae\/en\/news-and-media\/press-releases\/2026\/q1-2026-financial-results#\" style=\"\">financial release<\/a>. Its revenues fell 10% y-o-y to around USD 1.1 bn during the same period, which it attributes to the scheduled runoff of project revenues after the Al Omairah Island mega project\u2019s delivery to Adnoc offshore in 4Q 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm\u2019s shipping segment accounted for the biggest share of revenues<\/strong>, growing 4% y-o-y to USD 512 mn on the back of stronger global charter rates and the addition of new vessels. <\/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\">Space42 leans on satellite business <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ab<\/strong><strong>u Dhabi spacetech firm Space42 got off to a weaker start in 2026<\/strong>, with 1Q net income down 79% y-o-y to USD 5 mn, even as revenue edged up 1% to USD 116 mn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/855.pdf\" style=\"\">financials (pdf)<\/a>. Double-digit growth in its core satellite services business offset weaker results from its smart solutions unit due to an ongoing reshuffle.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Its satellite and connectivity business is increasingly carrying the group. <\/strong>Space42\u2019s space services division accounted for 95% of total quarterly revenue, up 15% y-o-y \u2014 its highest results on record. The performance was attributed to the start of Thuraya 4 operations and the rollout of new products. Its smart solutions division brought in the remaining 5%, reflecting an ongoing repositioning, expected to wrap up later this year, towards Earth observation, geospatial analytics, and AI programs. The company expects growth to pick up through 2026, with three Foresight satellites slated to begin commercial operations in 2Q. <\/p>\n<p class=\"tag-border-left\">Dana Gas income jumps 72%<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dana <\/strong><strong>Gas posted a sharp rise in 1Q 2026 net income to AED 270 mn<\/strong>, up 72% y-o-y, while revenue climbed 59% to AED 531 mn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/856.pdf\" style=\"\">financials (pdf)<\/a> and a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/857.pdf\" style=\"\">earnings release (pdf)<\/a>. The earnings jump was largely driven by AED 176 mn tied to gas metering reconciliation in the Kurdistan Region of Iraq, partly offset by an AED 22 mn one-off drilling cost in Egypt. Excluding these items, underlying net income stood at AED 95 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shareholders are getting a bigger payout: <\/strong>Dana Gas shareholders approved an FY 2025 dividend of 6.5 fils per share, up 18% y-o-y, with the AED 455 mn payout scheduled for distribution on 19 May.<\/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\">ICD income rises 8.6% <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Investment Corporation of <\/strong><strong>Dubai <\/strong><strong>(ICD), Dubai\u2019s sovereign wealth<\/strong><strong> fund, reported higher annual income in 2025. <\/strong>Its net income grew 8.6% y-o-y to AED 73.4 bn, while revenues rose 2.7% to AED 358.9 bn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/858.pdf\" style=\"\">financials (pdf)<\/a>. Operating income climbed 14.3% to AED 80.9 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>ICD has been steadily reshaping its portfolio through selective asset moves over the past two years. Just this week, it transferred its 22.27% stake in Emaar Properties <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=\"\">to Dubai Holding<\/a>, while earlier activity included international exits and stake swaps involving <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/30\/adnoc-drilling-is-now-in-oman-and-kuwait\/\" style=\"\">Corporaci\u00f3n Am\u00e9rica Italia<\/a> and Ansar Leasing. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-ls\/\">Adnoc L&amp;S<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-logistics-services\/\">Adnoc Logistics &amp; Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dana-gas\/\">Dana Gas<\/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\/orascom-construction\/\">Orascom Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/space42\/\">Space42<\/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=\"117180\" 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=\"117180\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/dnata-taps-news-ceo-jpmorgan-appoints-new-regional-leads\/\">\r\n                            Dnata taps news CEO + JPMorgan appoints new regional leads                        <\/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\/15\/dnata-taps-news-ceo-jpmorgan-appoints-new-regional-leads\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/dnata-taps-news-ceo-jpmorgan-appoints-new-regional-leads\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/dnata-taps-news-ceo-jpmorgan-appoints-new-regional-leads\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Dnata taps news CEO + JPMorgan appoints new regional leads&url=https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/dnata-taps-news-ceo-jpmorgan-appoints-new-regional-leads\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/dnata-taps-news-ceo-jpmorgan-appoints-new-regional-leads\/&title=Dnata taps news CEO + JPMorgan appoints new regional leads\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Dnata+taps+news+CEO+%2B+JPMorgan+appoints+new+regional+leads+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F05%2F15%2Fdnata-taps-news-ceo-jpmorgan-appoints-new-regional-leads%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/dnata-taps-news-ceo-jpmorgan-appoints-new-regional-leads\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/861.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"117181\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/dnata-taps-news-ceo-jpmorgan-appoints-new-regional-leads\/861-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/861.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"861.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/861.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/861.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117180\" class=\"content-area-description single-story post-117180 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-dnata tag-enterpriseam-uae tag-jp-morgan tag-moves 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>New CEO at Dnata:<\/strong> UAE-based aviation services firm Dnata appointed Nabil Sultan (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/nabil-sultan-83760bb8\/\" style=\"\">LinkedIn<\/a>) as its CEO effective 15 June, replacing Steve Allen (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/steve-allen-3b3329b\/\" style=\"\">LinkedIn<\/a>), The <a target=\"_blank\" href=\"https:\/\/theloadstar.com\/exclusive-emirates-cargo-chief-gets-major-new-role-after-challenging-period\/\" style=\"\">Loadstar<\/a> reports. Sultan joins from Emirates, where he most recently served as executive vice president of passenger sales and country management. He also previously led Emirates SkyCargo.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>JPMorgan<\/strong> <strong>Chase tapped Dwayne Lysaght (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/dwayne-lysaght-b1b0158b\/?originalSubdomain=uk\" style=\"\">LinkedIn<\/a><\/strong><strong>) and Alberto Piana (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/alberto-piana-9466621\/?originalSubdomain=uk\" style=\"\">LinkedIn<\/a><\/strong><strong>)<\/strong><strong> co-heads of banking for EMEA<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/banking-and-insurance\/jp-morgan-shuffles-leadership-with-new-emea-appointments-for-ib-restructures-m-and-a-division-ejy3a5id\" style=\"\">Zawya<\/a> reports. Both executives will be based in London and report into the new co-heads of global investment banking. Lysaght, a nearly 30-year veteran of the bank, previously co-headed EMEA M&A, while Piana was most recently co-head of global diversified industries investment banking after serving as EMEA head for the same group.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The reshuffle also sees Cassander Verwey (<\/strong><strong><a target=\"_blank\" href=\"http:\/\/linkedin.com\/in\/cassander-verwey-97b405?originalSubdomain=nl\" style=\"\">LinkedIn<\/a><\/strong><strong>) become the sole head of EMEA M&A<\/strong>, reporting to the newly appointed global head of M&A. Verwey, who has also spent 27 years at the bank, was previously co-head of the EMEA M&A franchise alongside Lysaght.<\/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\/dnata\/\">Dnata<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/jp-morgan\/\">JP Morgan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/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=\"117182\" 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=\"117182\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/bildco-to-add-concrete-capacity-to-abu-dhabi-orient-ins-expands-war-coverage-portfolio-and-vista-plants-its-flag-in-adgm\/\">\r\n                            More newcomer activity in ADGM, another industrial facility, and new war-risk solutions from Orient Ins.                        <\/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\/15\/bildco-to-add-concrete-capacity-to-abu-dhabi-orient-ins-expands-war-coverage-portfolio-and-vista-plants-its-flag-in-adgm\/\" 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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Vista plants its flag in ADGM&url=https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/bildco-to-add-concrete-capacity-to-abu-dhabi-orient-ins-expands-war-coverage-portfolio-and-vista-plants-its-flag-in-adgm\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/bildco-to-add-concrete-capacity-to-abu-dhabi-orient-ins-expands-war-coverage-portfolio-and-vista-plants-its-flag-in-adgm\/&title=Bildco to add concrete capacity to Abu Dhabi, Orient Ins. expands war coverage portfolio, and Vista plants its flag in ADGM\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Bildco+to+add+concrete+capacity+to+Abu+Dhabi%2C+Orient+Ins.+expands+war+coverage+portfolio%2C+and+Vista+plants+its+flag+in+ADGM+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F05%2F15%2Fbildco-to-add-concrete-capacity-to-abu-dhabi-orient-ins-expands-war-coverage-portfolio-and-vista-plants-its-flag-in-adgm%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/bildco-to-add-concrete-capacity-to-abu-dhabi-orient-ins-expands-war-coverage-portfolio-and-vista-plants-its-flag-in-adgm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/105.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"117183\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/bildco-to-add-concrete-capacity-to-abu-dhabi-orient-ins-expands-war-coverage-portfolio-and-vista-plants-its-flag-in-adgm\/105-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/105.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"105.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/105.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/105.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117182\" class=\"content-area-description single-story post-117182 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-adgm tag-al-futtaim tag-al-futtaim-group tag-also-on-our-radar tag-enterpriseam-uae tag-ins tag-insurance 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\">Bildco to add 1 mn cbm of concrete capacity to Abu Dhabi<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi National Company for Building Materials (Bildco) is looking to add 1 mn cbm <\/strong><strong>of concrete capacity in Abu Dhabi<\/strong> via a tie-up with alternative asset management firm Royal Griffin Global Investments, Bildco said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/848.pdf\" style=\"\">press release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plan: <\/strong>The two will set up a ready-mix concrete company to oversee the full lifecycle of concrete production, from batching plants to a 40k-strong truck fleet for distribution and logistics services. Bildco didn\u2019t specify which market the production was heading towards, but noted that the plan falls within the UAE\u2019s push to \u201c[accelerate] growth of infrastructure\u201d and comes amid a wider drive to <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/a-slew-of-manufacturing-and-localization-agreements-from-make-it-in-the-emirates\/\" style=\"\">localize manufacturing in the Emirates<\/a>, as the war continued to expose the downsides of over-reliance on imports.<\/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\">Orient expands war-risk cover in the UAE<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based ins. arm of Al Futtaim Group, Orient Ins., is expanding its UAE <\/strong><strong>war-r<\/strong><strong>isk ins. portfolio<\/strong> to cover cargo \u2014 including shipments moving through inland and maritime trade routes \u2014 alongside homes and personal vehicles, according to a <a target=\"_blank\" href=\"https:\/\/www.alfuttaim.com\/articles\/orient-insurance-expands-war-risks-protection-portfolio-at-highly-competitive-terms-to-strengthen-uae-economic-resilience\/\" style=\"\">statement<\/a>. The new products cover risks linked to war, political violence, terrorism, sabotage, strikes, and riots.<\/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 geopolitical tensions and supply-chain disruption drive growing demand for war-risk protection. DP World had also rolled out <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/08\/this-morning-wynn-might-delay-the-opening-of-its-rak-resort-dp-world-rolls-out-war-ins-coverage\/\" style=\"\">war-risk ins. coverage<\/a> for cargo moving through regional trade routes, spanning sea freight, inland transport, and storage operations.<\/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\">Vista plants its flag in Abu Dhabi<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US<\/strong><strong> private equity firm<\/strong> <strong>Vista Equity is opening up an office in Abu Dhabi <\/strong>after securing full regulatory authorization from ADGM\u2019s Financial Services Regulatory Authority, according to a <a target=\"_blank\" href=\"https:\/\/www.adgm.com\/media\/announcements\/vista-equity-partners-establishes-abu-dhabi-office\" style=\"\">press release<\/a>. The office will allow the software-focused investment firm to advise on investments and arrange transactions in the region. So far this month, <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=\"\">the US\u2019 Capital Group<\/a> said it was setting up in ADGM, and <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, adding to a growing list of newcomers in the past few months.<\/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\/adgm\/\">ADGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-futtaim\/\">Al Futtaim<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-futtaim-group\/\">Al Futtaim Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ins\/\">Ins.<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/insurance\/\">insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"117184\" 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=\"117184\">\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\/15\/cerebras-pops-on-first-day-of-trading-in-biggest-year-for-ai-in-capital-markets-yet\/\">\r\n                            What Cerebras\u2019 IPO tells us about the 2026 AI craze                        <\/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\/15\/cerebras-pops-on-first-day-of-trading-in-biggest-year-for-ai-in-capital-markets-yet\/\" 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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As the largest IPO this year, raising USD 5.6 bn with an implied valuation of USD 564 bn, it\u2019s a testament to how big of a theme AI has become across capital markets this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Want to know more about Cerebras\u2019 pitch?<\/strong> We dove into that, and how much of it rides on Abu Dhabi\u2019s own AI thesis, in an earlier Planet Finance, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/11\/2026s-largest-us-tech-ipo-has-abu-dhabis-ai-thesis-riding-on-it\/\" style=\"\">here<\/a>.) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AI stocks have soared this year. <\/strong>Dow Jones\u2019 US semiconductors index, tracking chip heavyweights like Nvidia, Intel, and Qualcomm, is up more than 42% YTD. Over in Asia, South Korea\u2019s tech-heavy Kospi has risen more than 80% this year, while Taiwan\u2019s Taiex has notched fresh records owing to the AI rally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s a contradiction when it comes to how investors view AI<\/strong>, which is likely why there\u2019s also been quite a bit of volatility for AI stocks. As JPMorgan puts it in its latest mid-year <a target=\"_blank\" href=\"https:\/\/www.jpmorgan.com\/content\/dam\/jpmorgan\/documents\/wealth-management\/mid-year-outlook-2026.pdf\" style=\"\">outlook (pdf)<\/a>, there\u2019s a discrepancy between private market investors\u2019 demand for equity stakes in AI companies and the public markets\u2019 view on AI firms\u2019 debt rush and concerns that their investments might not pay off. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But JPMorgan thinks AI will be a \u201cdriver of durable returns\u201d in the medium term<\/strong>, citing several positive signals for the sector, including the fact that AI will support productivity gains and, in turn, valuations. <strong> <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More evidence that this will be the year of AI for capital markets: <\/strong>At least one more blockbuster AI IPO is expected, with Elon Musk\u2019s venture SpaceX \u2014 which plans to put data centers in space \u2014 expected to come to market with what\u2019s looking to be the largest IPO in history. Analysts also assign a 50\/50 chance of Anthropic going public this year, and a 1-in-3 chance for an OpenAI IPO. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to watch:<\/strong> How those major AI firms will trade over time, and whether \u201cpublic markets validate private market valuations, and even build on them,\u201d JPMorgan says. That \u201cwould likely bolster confidence in AI infrastructure spending,\u201d it adds. <\/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\">Asian markets are mostly in the red, with South Korea\u2019s Kospi retreating more than 1% from a fresh record high as investors await the outcomes of the US-China talks in Beijing. Wall Street futures were little changed overnight, after the S&P 500 and Nasdaq notched fresh highs once again.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tbody>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,705<\/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\">-0.0% (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\">5,735<\/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: -5.2%)<\/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>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\">4,566<\/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: -6.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.5% 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% 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\">10,995<\/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: +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>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\">53,155<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: +27.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,501<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8% (YTD: +9.6%)<\/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\">10,373<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +4.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,935<\/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\">+1.3% (YTD: +2.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 106.35<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.92<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+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 4,631<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 81,347<\/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\">+2.6% (YTD: -8.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.73<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.6% (YTD: +1.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">151.22<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: -0.5%)<\/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\">17.26<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.4% (YTD: +15.5%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX fell 0.001% yesterday<\/strong> on turnover of AED 852.9 mn. The index is down 2.9% 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>Ins. House (+4.2%), Dana Gas (+3.6%), and Bank of Sharjah (+3.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Phoenix (-4.9%), Invest Bank (-2.6%), and Burjeel Holding (-1.9%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index fell 0.4% on turnover of AED 624.6 mn. Meanwhile, Nasdaq Dubai fell 0.3%. <\/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\/cerebras\/\">Cerebras<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/ipo-watch\/\">IPO WATCH<\/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                            <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=\"117186\" 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=\"117186\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">MY MORNING ROUTINE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/inside-the-routine-of-the-founder-who-watched-dubai-become-a-global-re-export-powerhouse-from-the-ground-up\/\">\r\n                            Inside the routine of the man who built one of Dubai\u2019s longest-standing trading + distribution businesses                        <\/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\/15\/inside-the-routine-of-the-founder-who-watched-dubai-become-a-global-re-export-powerhouse-from-the-ground-up\/\" target=\"_blank\">\n                    Open in new tab       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href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/inside-the-routine-of-the-founder-who-watched-dubai-become-a-global-re-export-powerhouse-from-the-ground-up\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/854.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"117187\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/15\/inside-the-routine-of-the-founder-who-watched-dubai-become-a-global-re-export-powerhouse-from-the-ground-up\/854-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/854.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"854.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/854.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/854.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117186\" class=\"content-area-description single-story post-117186 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-enterpriseam-uae tag-fmcg tag-my-morning-routine tag-shipping tag-trade 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>Long before Dubai became the regional trade and re-export powerhouse<\/strong><strong> it is <\/strong><strong>today<\/strong>, founder and managing director of Far Way General Trading Suraj Gautam (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/surajgautamdubai\/\" style=\"\">LinkedIn<\/a>) was moving between suppliers, ports, and markets across Asia and the Middle East, looking for gaps in what he says were, at the time, much more fragmented regional distribution networks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Founded in 2001, Far Way General Trading has since grown into a diversified trading and logistics group <\/strong>spanning FMCG, beauty, household goods, shipping, warehousing, and transportation. Brands it distributes range from Quality Street and Red Bull to Dettol and Ariel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Each week, My Morning Routine looks at how a successful member of the community starts their day<\/strong> \u2014 and then throws in a couple of random business questions just for fun. This week, we spoke with Gautam about building one of Dubai\u2019s older trading businesses, Dubai\u2019s rise as a re-export hub, recent supply-chain disruptions, and how he structures his day. <strong>Edited excerpts from our conversation:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM: For readers who may not be familiar with Far Way, how do you usually describe what the business does today?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Suraj Gautam: <\/strong>Far Way today is a very diversified company. We have shipping, trading, logistics, and transportation businesses, and within trading, we have multiple departments focused on FMCG, beauty, and household items. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In FMCG specifically, what we do is bring brands from all over the world into the Middle East<\/strong>, Asia, CIS countries, and Europe. We find quality products globally, bring those items here, and then send them to different parts of the world.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: Take us back to the start. What led to the creation of Far Way?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SG: <\/strong>At that time, technology was not advanced, and Dubai was becoming a major hub. When we traveled to Asia, there were Singapore and Hong Kong. But on the Middle East side, there was only one city that could compete at that level, and that was Dubai. We were fortunate to be in Dubai during that time because we could travel very easily to different parts of the world.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>During those travels, I could see there was demand for many items here in Dubai and across the region. <\/strong>There was nothing new [about] those items, but there was a shortage, and a lot of demand. I had the contacts \u2014 we had already had business with Iraq and Libya, which was going well \u2014 so we could connect both sides and bridge the gaps between all those countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Slowly, customer demand kept building, and we kept finding more items for customers. <\/strong>Over time, those business relationships became very personal relationships with suppliers. Till today, they are my friends, and we are still working together.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: Supply chains have been heavily tested over the past few years, especially recently with shipping disruptions and rerouted trade flows. What has been the biggest operational challenge for your business?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SG: <\/strong>The last few years have been very challenging globally because of the dramatic increase in freight costs, transit time problems, and the tremendous cost increases created by all those delays. We are shipping ourselves, so we understand the pains of our customers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There were disruptions in supply and routes, but slowly, we are finding alternative routes, and things are normalizing.<\/strong> Markets correct themselves because of demand, and people are somehow getting settled with the new challenges. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: Has the current regional backdrop changed the way you think about sourcing, inventory, or expansion?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SG: <\/strong>Things are mostly the same as before. The suppliers we were dealing with 10 years ago are still the same today, and the items are also the same. There is no major change in the supply chain itself \u2014 the disruptions are more with the routes and transit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Personally, I feel companies like ours should become more grounded.<\/strong> Before, we were more focused on transiting and rerouting products to different markets through re-exporting. But now, for the first time, we have seen those routes blocked, so I feel the potential here is more in local distribution, warehousing, and building reliable supply chains.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: Switching gears now \u2014 what does your morning routine look like?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SG:<\/strong> I am a very early riser. Normally, I wake up at 4:30am, and my personal target is to wake up one day at 3am. I do some yoga and some running on the treadmill, and then I come back home. I reply to emails, clear WhatsApp, and give instructions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By 8am, the hard part of my job is done.<\/strong> I can concentrate better, and I don\u2019t need the mobile around me for the next three or four hours. The mistake many people make is that when they reach the office, they get stuck to their mobile. But my mobile clutter is clear before 8am, so by then, I am in control.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: Once the workday starts, what does a typical day in the office look like?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SG: <\/strong>Very busy. Sometimes I feel the day should stretch to 20 hours instead of 12. That\u2019s why I started waking up earlier \u2014 to control the day the way I want to. When your morning is under control, so is the entire day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Normally, I reach around 10 or 10:30am. <\/strong>First thing is banking, then staff meetings and walk-ins. We have many departments and we cover many regions, diverging into Africa, Far East countries, America, South America, CIS countries, Europe, and the Middle East. Earlier this year, before travel slowed down, we were receiving two or three guests almost every day. Right now, not too many because people are not traveling as much to the region, and because of the heat.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: How do you stay focused through such busy days?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SG:<\/strong> [I focus] on one job at a time. Recently, I was speaking with one of my friends and asked him how he copes with daily work and he just told me, \u201cStop multitasking.\u201d Do one job at a time and concentrate. That is one of the best pieces of advice I\u2019ve received recently, and now I repeat it to everybody around me.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: How do you manage work-life balance with everything on your plate?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SG: <\/strong>It comes naturally because I have more than 30 years of experience now. Once you master things, work becomes like a game to you and it doesn\u2019t add as much pressure anymore. When you understand how things work, you enjoy what you do. <\/p>\n<p class=\"tag-border-left\">Suraj\u2019s favorites <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What he\u2019s reading: <\/strong>A favorite book of his is <a target=\"_blank\" href=\"https:\/\/www.goodreads.com\/book\/show\/95887.Eat_That_Frog_\" style=\"\">Eat That Frog! by Brian<\/a><a target=\"_blank\" href=\"https:\/\/www.goodreads.com\/book\/show\/95887.Eat_That_Frog_\" style=\"\">Tracy<\/a>, which he describes as \u201cthe bible of business and daily habits\u201d for its methods on beating procrastination and accomplishing more. \u201cEverybody should read that book at least twice a year,\u201d Suraj says. He also recommends popular self-help books <a target=\"_blank\" href=\"https:\/\/www.goodreads.com\/book\/show\/40121378-atomic-habits?from_search=true&from_srp=true&qid=UStS6Nx6oK&rank=1\" style=\"\">Atomic Habits by James Clear<\/a> and <a target=\"_blank\" href=\"https:\/\/www.goodreads.com\/book\/show\/68984.The_Power_of_Your_Subconscious_Mind\" style=\"\">The Power of Your Subconscious Mind by Joseph Murphy<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>His favorite activities:<\/strong> Running, yoga, music, traveling, and meeting people. <\/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\/fmcg\/\">FMCG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/shipping\/\">shipping<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/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=\"117188\" 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\/15\/117188\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117188\" class=\"content-area-description single-story post-117188 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=\"\">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=\"font-weight:400;\">, 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>Local + int\u2019l heavyweights team up on USD 30 bn infrastructure 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