{"id":117516,"date":"2026-05-21T00:00:00","date_gmt":"2026-05-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=117516"},"modified":"2026-05-21T02:45:11","modified_gmt":"2026-05-21T02:45:11","slug":"gcc-uk-trade-agreement-finalized","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/gcc-uk-trade-agreement-finalized\/","title":{"rendered":"GCC-UK trade agreement finalized"},"content":{"rendered":"<section id=\"117518\" 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=\"117518\">\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\/21\/this-morning-europes-aerospace-startup-in-talks-with-uae-investors-fujairah-looks-to-secure-more-logistics-integration\/\">\r\n                            THIS MORNING: Europe\u2019s aerospace startup in talks with UAE investors + Fujairah looks to secure more logistics integration                        <\/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\/21\/this-morning-europes-aerospace-startup-in-talks-with-uae-investors-fujairah-looks-to-secure-more-logistics-integration\/\" 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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We've also got Select Group snapping up golf resorts across the pond, and RemotePass raising fresh capital to take its MENA payroll playbook to Europe and the US.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also overseas<\/strong>, Averi Finance is looking to execute a reverse takeover to list on the Johannesburg Stock Exchange, potentially making it the second UAE firm on the exchange. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">A quick update<\/p>\n<p><a target=\"_blank\" id=\"kix.n60a89w9s2si\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A<\/strong><strong> Foreign Ministry <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/MediaHub\/News\/2026\/5\/20\/UAE-Iraq\" style=\"\">statement<\/a><\/strong><strong> has <\/strong><strong>called on <\/strong><strong>the Iraqi government to take <\/strong><strong>steps to prevent hostile acts originating from its territory<\/strong> \u201cwithout conditions or restrictions,\u201d after <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/20\/this-morning-uae-earmarks-aed-1-bn-investment-for-space-sector-is-a-gcc-uk-trade-agreement-coming-our-way-today\/\" style=\"\">it identified Iraq<\/a> as the source of the drone that hit the Barakah Nuclear Power Plant earlier this week. The statement stressed the importance of Iraq playing a stabilizing role in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The statement <\/strong><strong>condemne<\/strong><strong>d the \u201cterrorist drone attacks launched from Iraqi territory against critical civilian institutions<\/strong>,\u201d calling them a violation of sovereignty, airspace, and international law. Power has since been restored at the power plant.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- The mercury reaches a high of 41\u00b0C in Abu Dhabi today<\/strong>, and a much kinder 35\u00b0C in Dubai, with both emirates seeing a low of 28\u00b0C. <\/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\"><strong>BANKING \u2014 SMEs can now open a bank account in one day through our friends <\/strong><strong>at Mashreq<\/strong> \u2014 a first in the UAE banking industry, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/1252.pdf\" style=\"\">press release (pdf)<\/a>. The bank is also offering up a AED 1k cashback guarantee in case of delays. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This compares with an average of up to 2-3 weeks to open a current account<\/strong> in the rest of the UAE, with a few digitally oriented banks taking 2-3 days to open accounts for SMEs, head of business banking and Neo Biz at Mashreq Rajeev Chalisgaonkar tells EnterpriseAM. The lender is leaning on AI for document recognition and extraction to absorb the expected added volumes \u201cwithout creating new bottlenecks,\u201d Chalisgaonkar tells us. \u201cWe are expecting a 20-25% uptick from the current volumes,\u201d he adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Most SMEs are eligible if they\u2019re incorporated in the UAE<\/strong> and have a license issued by UAE trade licensing authorities, Chalisgaonkar says. Exceptions include entities with \u201ccomplex and layered shareholdings,\u201d firms dealing with high-risk countries as per Central Bank of the UAE guidelines, or entities with high-risk business, such as those with a heavy component of banknote deposits and withdrawals, which might require further due diligence, he adds. <\/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=\"wwtt1\"><\/a> <strong>INVESTMENT \u2014<\/strong> <strong>European aerospace startup <\/strong><strong>The <\/strong><strong>Exploration Company<\/strong><strong> is in talks with UAE investors<\/strong>, and said it\u2019s looking to engage the Abu Dhabi Investment Authority and Lunate for its planned USD 200 mn fundraise, co-founder and CEO Helene Huby told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/2026\/05\/20\/europes-exploration-company-seeks-uae-investors-for-200m-financing-round\/\" style=\"\">The National<\/a>. The company aims to use the funds to develop what it says will be Europe\u2019s largest rocket engine.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Exploration Company? <\/strong>The startup already has a presence at Dubai\u2019s Mohammed bin Rashid Space Center, where it is working on a lunar lander demonstrator. It has raised USD 335 mn to date, with previous rounds oversubscribed. The firm\u2019s longer-term play centers on reusable spacecraft and cargo transport infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The<\/strong><strong> UAE has space ambitions of its own, including building capabilities and localizing space manufacturing here.<\/strong> <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/20\/this-morning-uae-earmarks-aed-1-bn-investment-for-space-sector-is-a-gcc-uk-trade-agreement-coming-our-way-today\/\" style=\"\">Just this week<\/a>, the UAE launched an AED 1 bn R&D-focused space program to bring in advanced tech and build up Emirati talent in the sector. The move comes as the UAE <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/31\/the-uaes-next-phase-scaling-space-reshaping-healthcare-and-tightening-food-policy\/\" style=\"\">looks to double its space economy revenues<\/a> and infrastructure investments and localize its space stack \u2014 from launching its <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/17\/up-up-and-away\/\" style=\"\">first locally powered<\/a> sounding rocket through TII to building sovereign infrastructure like the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/19\/yas-launches-eshara-for-space-systems-ad-ports-sells-off-more-kezad-town-land-and-aerogulf-acquires-evtols\/\" style=\"\">Eshara<\/a> ground segment and a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/02\/18\/space42-edges-fada-to-build-uaes-first-sovereign-eo-hub\/?repeat=w3tc\" style=\"\">national Earth-observation hub<\/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\"><a id=\"wwtt4\"><\/a> <strong>DISPUTE WATCH<\/strong> <strong>\u2014<\/strong> <strong>Abu Dhabi is opening another<\/strong><strong> lane for dispute<\/strong><strong> resolution: <\/strong>A new mediation center for commercial disputes will be set up at the Abu Dhabi Chamber, with settlement agreements ratified there directly enforceable under federal civil procedure law, according to an Abu Dhabi Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/ar\/government-affairs\/in-his-capacity-as-chairman-of-abu-dhabi-judicial-department-mansour-bin-zayed-issues-resolution-establishing-commercial-mediation-centre-at-abu-dhabi-chamber-of-commerce-and-industry\/\" style=\"\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The center will be overseen by the Judicial Department and will handle local and international commercial disputes<\/strong> through mediation, including judicial referrals, contractual mediation, and other consensual settlement routes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The center is part of a broader push to create faster off-court routes for commercial disputes.<\/strong> That includes <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/27\/this-morning-al-jaber-wraps-energy-diplomacy-spree-in-washington-gulf-in-for-a-usd-25-bn-repair-bill-for-damage-to-energy-infrastructure-rystad-energy-says\/\" style=\"\">dedicated committees<\/a> for family business disputes in Abu Dhabi and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/17\/this-morning-uae-launches-strategic-partnership-talks-with-the-eu-corporate-tax-credit-refunds-explained\/\" style=\"\">specialized inheritance courts<\/a> at a federal level. Ajman separately launched a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/27\/this-morning-italian-president-lands-in-uae-today-xrg-raises-stake-in-rio-grande-lng-project\/\" style=\"\">Rental Dispute Resolution Center<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/27\/this-morning-italian-president-lands-in-uae-today-xrg-raises-stake-in-rio-grande-lng-project\/\" style=\"\"><\/a> as the emirates push to move commercial and civil disputes through faster, clearer channels.<\/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>LOGISTICS \u2014<\/strong> <strong>Fujairah <\/strong><strong>is tightening the links <\/strong><strong>between its ports, freezones, <\/strong><strong>and logistics ecosystem<\/strong>, with AD Ports subsidiary Fujairah Terminals signing three land agreements with Fujairah International Airport, Fujairah Freezone Authority, and Al Dahra Agriculture Trading, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/c0b3dpr-fujairah-terminals-signs-strategic-land-lease\" style=\"\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The combined 130k sqm footprint is aimed at expanding logistics capacity and creating more integrated movement between port, industrial, and adjacent infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why now? <\/strong>The agreements are aimed at unlocking new trade windows with regional and international markets and come amid a wider drive to make use of Fujairah\u2019s Hormuz-bypassing eastern corridor. Borouge and AD Ports are looking at <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/20\/first-it-was-crude-now-we-might-also-get-an-export-hub-for-petrochemicals-on-the-east-coast\/\" style=\"\">exporting petrochemicals<\/a> via Fujairah, and Adnoc is <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/18\/adnoc-set-to-accelerate-west-east-pipeline-construction-as-it-hedges-against-supply-chain-bottlenecks\/\" style=\"\">speeding up plans<\/a> to develop its West-East pipeline.<\/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>DEFE<\/strong><strong>NSE \u2014 <\/strong>State-owned defense firm Edge\u2019s Abu Dhabi Ship Building (ADSB) inked an EUR 320 mn contract with Italy-based defense and security player Leonardo to provide next-gen combat systems for Kuwait\u2019s navy, according to a <a target=\"_blank\" href=\"https:\/\/www.leonardo.com\/en\/press-release-detail\/-\/detail\/20-05-2026-leonardo-signs-major-naval-combat-systems-contract-with-edge-entity-adsb-for-kuwait-navy-s-al-dorra-program\" style=\"\">statement<\/a>. The systems will be used on the Falaj 3 missile boats.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- ADSB and Kuwait inked an AED 6.6 bn contract <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/28\/edges-adsb-secures-aed-6-6-bn-kuwait-contract-and-tie-up-on-autonomous-logistics-pilot-dubai-rolls-out-gold-district\/\" style=\"\">last year<\/a><\/strong> for the Edge subsidiary to build eight Falaj missile boats for Kuwait\u2019s Defense Ministry, as part of a wider contract with its parent group, agreed upon <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/edge-signs-aed-9-bn-missile-boats-contract-with-kuwaits-defense-ministry\/\" style=\"\">last summer<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Two birds with one stone: <\/strong>The agreement speaks to two of the UAE\u2019s biggest priorities at the moment, as a result of the regional war, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/07\/tawazun-ad-ports-partner-on-new-defense-manufacturing-hub-in-abu-dhabi\/\" style=\"\">defense<\/a> and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/06\/adnoc-adq-nmdc-edge-more-join-localization-push\/\" style=\"\">localization<\/a>, as Iranian drone attacks trigger <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/05\/iranian-drone-attacks-show-gcc-needs-to-rethink-air-defense\/\" style=\"\">a defense rethink<\/a> and disruption through the Strait of Hormuz throws supply chains into chaos. Leonardo itself recently said it was studying plans to <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/24\/dubai-airshow-wraps-up-with-plenty-of-agreements-to-boost-evtol-manufacturing-and-defense-sectors\/\" style=\"\">launch full manufacturing operations<\/a> in Dubai.<\/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>ENE<\/strong><strong>RGY \u2014 Pipeline bypassing Hormuz halfway ready: <\/strong>The UAE is edging closer to boosting its bypass infrastructure, with construction on Adnoc\u2019s upcoming pipeline passing the halfway point, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/new-uae-pipeline-bypassing-hormuz-now-50-complete-adnoc-ceo-says-2026-05-20\/\" style=\"\">Reuters<\/a> reports, citing comments by the oil giant\u2019s CEO Sultan Al Jaber. Global flows will take at least four months to reach 80% of pre-war levels, he said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> We knew Adnoc was <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/18\/adnoc-set-to-accelerate-west-east-pipeline-construction-as-it-hedges-against-supply-chain-bottlenecks\/\" style=\"\">accelerating plans<\/a> to increase the amount of crude it can export from Fujairah outside Hormuz, as it plans to finish the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/12\/hub71-launches-angel-investor-support-package\/\" style=\"\">USD 3 bn, 1.5 mn bbl \/ d crude oil<\/a> pipeline by 2027. The infrastructure will link Adnoc\u2019s Ruwais Jebel Dhanna terminal with Fujairah.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>M&A WATCH <\/strong><strong>\u2014 Bidders line up for <\/strong><strong>Mubadala\u2019s <\/strong><strong>Brazil port:<\/strong> Bidding has advanced for Mubadala Capital and Trafigura Group\u2019s Porto Sudeste \u2014 valued at USD 5 bn \u2014 with Infrastructure investment manager I Squared Capital among those interested, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-20\/i-squared-among-bidders-for-5-billion-trafigura-mubadala-port\" style=\"\">Bloomberg<\/a> reports. The bidding process has now moved on to the second phase, with iron ore producer Vale SA, steel manufacturer Gerdau SA, and Australia\u2019s M Resources joining I Squared in the running. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER: <\/strong>Mubadala Capital and Trafigura Group <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/15\/are-gcc-trade-talks-with-the-uk-on-track-after-change-in-govt\/\" style=\"\">began talks<\/a> with banks for the potential sale of the Brazilian iron-ore port terminal operator in 2024.<\/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>8.2k \u2014 that\u2019s how many residential units are set to be handed over in <\/strong><strong>Abu <\/strong><strong>Dhabi by the end of the year<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/research-and-studies\/colliers-report-uae-real-estate-market-navigates-q1-2026-with-measured-growth-and-sustainable-trajectory-jgzl13w9\" style=\"\">Colliers\u2019 1Q market report<\/a>. So far, 1.2k units came online during the first quarter, with another 7k set for completion by the end of the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in Dubai<\/strong>, 65k apartments and 12.5k villas are on track to be handed over by the end of the year. In 1Q, 1.9k villas and over 10k apartments were delivered.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI<\/strong><strong>- <\/strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/20\/second-monthly-dip-in-dubai-prices-but-march-shock-fades-into-slower-reset\/\" style=\"\">We recently reported<\/a> that the war-induced shock to Dubai\u2019s real estate market in March has shown signs of fading slowly, with the dip in capital value tapering out. Market activity was robust in both <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/08\/abu-dhabis-property-market-sees-strong-growth-in-1q-2026-but-the-war-is-threatening-a-fragile-supply-pipeline\/\" style=\"\">Abu Dhabi<\/a> and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/02\/dubai-property-is-swallowing-record-money-and-barely-blinking\/\" style=\"\">Dubai<\/a> for 1Q. Historically, delivery targets <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/06\/property-delivery-in-dubai-still-lags-annual-projections-keeping-oversupply-concerns-at-bay\/\" style=\"\">have often slipped<\/a>, keeping supply tight, especially in Dubai. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> The big story abroad<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re inching closer to what will be the largest IPO ever <\/strong>after <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/transactional\/bound-mars-elon-musks-spacex-unveils-filing-blockbuster-ipo-2026-05-20\/\" style=\"\">SpaceX filed publicly<\/a> late last night. Now the world is sitting tight in anticipation of the rocket maker\u2019s imminent Nasdaq debut. We dive into the full story and what it means for the Gulf in this morning\u2019s Planet Finance, below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The return of monetary tightening? <\/strong>The latest <a target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomcminutes20260429.htm\" style=\"\">meeting minutes<\/a> from the Federal Reserve indicate the central bank\u2019s willingness to raise interest rates if inflation maintains its growth trajectory above 2%. Prior to this development, CME Group data <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/central-banking\/fed-minutes-reveal-support-for-rate-hikes-if-inflation-proves-persistent-97e63b1c?mod=economy_lead_story\" style=\"\">showed<\/a> interest rate futures markets pricing in a nearly 50% chance of at least one quarter point rate hike in 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, in the tech world: <\/strong>Nvidia <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a7aa26d1-1bad-407f-8bff-4ae491cb8ce0?syn-25a6b1a6=1\" style=\"\">announced<\/a> USD 80 bn in stock buybacks and an increase in its dividend payout yesterday, after 1Q sales grew 85% y-o-y to USD 81.6 bn, surpassing expectations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More on the Warner Bros. buyout: <\/strong>To finance Paramount\u2019s takeover of Warner Bros. Discovery, Bank of America and Citigroup are <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-20\/banks-eye-30-billion-of-high-grade-bonds-for-warner-bros-lbo\" style=\"\">gauging investor appetite<\/a> for a massive debt package. Early talks indicate a mix of around USD 30 bn in high-grade bonds, USD 12 bn in junk bonds, and USD 7.5 bn in loans.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p 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style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>GCC, UK ink landmark trade pact: <\/strong>The GCC and UK have reached a trade agreement, according to a statement from <a target=\"_blank\" href=\"https:\/\/www.gcc-sg.org\/en\/MediaCenter\/News\/Pages\/\/news2026-5-20-5.aspx\" style=\"\">the GCC<\/a> and another from the <a target=\"_blank\" href=\"https:\/\/www.gov.uk\/government\/news\/uk-and-gulf-strike-historic-multi-billion-pound-trade-deal\" style=\"\">UK government<\/a>, bringing to an end negotiations that have stretched for years across multiple administrations. The pact makes the UK the first G7 country to ink such an agreement with the bloc.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inside the agreement: <\/strong>The two sides agreed to remove duties on roughly GBP 580 mn worth of UK exports to the GCC annually, to speed up customs procedures (48 hours and six hours for perishables), and facilitate business activity between the two sides. The statement also pointed to more investment and industrial collaboration.<\/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 agreement is welcome news for a struggling UK economy \u2014 adding around GBP 3.7 bn a year to its economy \u2014 while for the GCC it\u2019s another notch in the region\u2019s economic and trade diversification belt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agreement spans<\/strong> \u201ctrade in goods and services, financial services, digital trade, investment protection, government procurement, telecommunications, and the movement of natural persons,\u201d Gulf Cooperation Council Secretary General Jasem Albudaiwi said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Data is a big part of it: <\/strong>In a first, UK firms will be able to store and process data outside the region, with the statement saying that the move will \u201csave businesses money on setting up costly data centres in the Gulf.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s good news for us: <\/strong>The move is a vote of confidence for our data center sector \u2014 a key pillar of our economic diversification drive, which took a hit (literally) when an Iranian drone <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/03\/dubais-data-center-outage-exposes-vulnerable-region-ecosystem\/\" style=\"\">struck a data center facility<\/a>, leading to a prolonged outage and months-long repairs. <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/03\/dubais-data-center-outage-exposes-vulnerable-region-ecosystem\/\" style=\"\">At the time<\/a>, experts told us that the strikes could challenge the Gulf\u2019s image as a secure hub for AI investment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>Talks have been ongoing for around four years now, with reports of an imminent agreement going as far back <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/21\/this-morning-uk-prime-minister-to-head-to-the-gcc-next-month\/\" style=\"\">as 2024<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">In other trade news<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A<\/strong><strong>ustrian Economy and Energy Minister Wolfgang Hattmannsdorfer has called on <\/strong><strong>the EU to expedite its freetrade negotiations with the UAE<\/strong>, saying that \u201cthere is no [agreement] in sight,\u201d <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-20\/austria-urges-faster-eu-uae-trade-talks-after-plastics-mega-deal\" style=\"\">Bloomberg<\/a> reports. Vienna seeks to more than double its UAE-bound exports to EUR 1 bn by 2029 with a focus on AI, rail, hydrogen, and industrial engineering.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>In 2025, Adnoc and Austria\u2019s OMV <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/04\/adnoc-omv-agree-terms-of-petrochemicals-units-merger\/\" style=\"\">agreed to merge<\/a> their polyolefins businesses into Borouge Group International. <\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/the-big-story-today\/\">THE BIG STORY TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"117523\" 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=\"117523\">\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\/21\/select-group-buys-up-resorts-in-the-uk-as-uae-developers-look-west-to-diversify-their-income-streams\/\">\r\n                            Select buys resorts in the UK as more UAE developers look West                        <\/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\/21\/select-group-buys-up-resorts-in-the-uk-as-uae-developers-look-west-to-diversify-their-income-streams\/\" target=\"_blank\">\n                    Open in new tab            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       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=Select+Group+buys+up+resorts+in+the+UK+as+UAE+developers+look+West+to+diversify+their+income+streams+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F05%2F21%2Fselect-group-buys-up-resorts-in-the-uk-as-uae-developers-look-west-to-diversify-their-income-streams%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\/21\/select-group-buys-up-resorts-in-the-uk-as-uae-developers-look-west-to-diversify-their-income-streams\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/1287.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"117524\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/21\/select-group-buys-up-resorts-in-the-uk-as-uae-developers-look-west-to-diversify-their-income-streams\/1287-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/1287.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1287.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/1287.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/1287.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117523\" class=\"content-area-description single-story post-117523 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseam-uae tag-investment tag-ma tag-ma-watch tag-real-estate 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>Dubai-based real estate developer Select Group is building a larger <\/strong><strong>recurring-income real estate portfolio outside of the UAE with its latest UK hospitality wager. <\/strong>The firm acquired three Delta Hotels by Marriott golf and country club resorts in the UK, <a target=\"_blank\" href=\"https:\/\/www.ttnworldwide.com\/ArticleTA\/462725\/dubai%E2%80%99s-select-group-acquires-3-uk-delta-hotels-by-marriott-golf-resorts\" style=\"\">Trade Arabia<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What it bought: <\/strong>The transaction covers Delta Hotels Breadsall Priory in Derbyshire, St. Pierre Country Club in Chepstow, Wales, and Tudor Park Country Club in Kent, together bringing more than 900 acres of freehold countryside estate. The financial terms were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CEO Israr Liaqat called the UK \u201can important market,\u201d <\/strong>saying investment in the assets would follow. The acquisition lifts Select\u2019s UK golf resort portfolio to five properties and more than 530 keys after earlier buys, including <a target=\"_blank\" href=\"https:\/\/www.prnewswire.co.uk\/news-releases\/select-group-acquires-the-mere-golf-resort-amp-spa-knutsford-uk--831586940.html\" style=\"\">The Mere Golf Resort & Spa in 2022<\/a> and <a target=\"_blank\" href=\"https:\/\/www.select-group.ae\/hospitality-investments\/old-thorns-hotel-resort\" style=\"\">Old Thorns Hotel & Resort last year<\/a> \u2014 pointing to a longer-term hospitality platform rather than a one-off trophy buy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Select isn\u2019t alone: <\/strong>UAE investors have been investing deeper into yield-generating assets in the UK, including:<\/p>\n<ul>\n<li>Arzan Wealth launching a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/06\/over-in-egypt-dana-gas-gets-paid-and-drake-and-scull-gets-contracted\/\" style=\"\">UK industrial real estate platform<\/a> targeting logistics-linked assets;<\/li>\n<li>IHC\u2019s Al Diafa <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/13\/ihc-acquires-stake-in-hospitality-portfolio-of-richard-caring\/\" style=\"\">buying into<\/a> Richard Caring\u2019s trophy hospitality portfolio;<\/li>\n<li>Criterion Capital <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/12\/london-hotel-goes-to-abu-dhabi-real-estate-magnate-usd-1-1-bn-arrowpoint-comes-to-town-and-hotels-make-headway-in-al-marjan\/\" style=\"\">acquiring the 732-key St Giles London Hotel<\/a>, expanding its central London hospitality footprint.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">This is part of a wider UAE developer shift<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE developers have been shifting toward recurring-income portfolios for a while now. <\/strong>The trend first showed up after the 2008 financial crisis exposed the risks of over-reliance on off-plan sales and leverage, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/real-estate\/uae-developers-accelerate-shift-to-recurring-income-amid-market-uncertainty-frt646m0\" style=\"\">Zawya<\/a> reports. Post-Covid, that expanded deeper into yield-generating sectors like retail, logistics, hospitality, education, and commercial real estate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Now, market uncertainty and geopolitical tensions are likely to reinforce demand for steadier cashflows <\/strong>beyond cyclical property sales, Moody\u2019s Aziz Al Sammarai told Zawya. The conflict adds urgency, but the shift is better understood as a \u201clong-term strategic evolution rather than a reactive pivot,\u201d he says. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The listed giants have already gone big:<\/strong> Emaar\u2019s recurring-income portfolio generated more than AED 8 bn in EBITDA in 2025, while Aldar has invested AED 4.9 bn into expanding its develop-to-hold portfolio, with another AED 20.1 bn still in the pipeline. Al Sammarai said these assets now act as a key \u201ccredit strength\u201d during property-cycle volatility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And Select fits a wider private-market trend: <\/strong>Its latest UK hospitality acquisition shows that privately held UAE developers are also leaning deeper into hold-to-yield strategies. Similar moves include Arada\u2019s recent acquisition of a <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=\"\">controlling stake in Reem Hospita<\/a><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=\"\">l<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>F<\/strong><strong>amily offices are getting involved as well<\/strong>, as Al Futtaim, Al Nabooda, and Al Tayer continue to build large yield-generating portfolios that help \u201cfund new projects organically with little to no leverage,\u201d Cushman & Wakefield Core\u2019s David Abood told Zawya.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/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=\"117525\" 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=\"117525\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/21\/dubais-averi-targets-johannesburg-listing-through-south-african-reverse-takeover\/\">\r\n                            Averi heads south                        <\/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\/21\/dubais-averi-targets-johannesburg-listing-through-south-african-reverse-takeover\/\" 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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If completed, the combined entity could move to the Johannesburg Stock Exchange\u2019s (JSE) main board and undergo a name change.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART<\/strong><strong>- <\/strong>A reverse merger allows a private firm to trade publicly by acquiring a controlling stake in an already-listed company \u2014 sidestepping the lengthy, costly process of a traditional IPO. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it would work: <\/strong>Mantengu would issue 650 mn new shares, which would give Averi control of 66.7% of the enlarged group and leave Mantengu shareholders with the remaining balance. Averi would bring in a portfolio spanning oil and gas, renewables, and digital infrastructure to the combined entity. The implied enterprise value is about USD 179 mn, though talks are still at an early stage and an agreement has yet to close.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A timely pivot for Mantengu: <\/strong>The South African miner has been under pressure, recently starting consultations over potential job cuts at a unit after deciding not to restart silicon carbide production due to high electricity tariffs. Mantengu was hit by a public censure from the JSE in March for non-disclosure violations, shortly after a leadership overhaul in February saw its former CEO step down. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Johannesburg, why now? <\/strong>Lino said a listing would give Averi \u201cbetter access to institutional investors and wider sources of capital\u201d as it scales deeper into Africa. \u201cWe considered Mauritius, London, and the US to list, but decided the JSE is the right market for us as we continue our strategy to invest in Africa,\u201d Lino said. Averi is targeting roughly USD 1 bn in revenues over the next three years, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Africa is already central to the wager:<\/strong> Averi says it has invested across 10 African markets over the past decade and completed roughly USD 15 bn in transactions. It also joined the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/24\/us-uae-agree-on-ai-framework-pledge-defense-space-cooperation\/\" style=\"\">US-led Power Africa initiative<\/a> alongside Amea Power, backing plans to help facilitate USD 5 bn in generation and power-distribution investments across the continent.<\/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\"> Why the JSE?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The JSE is Africa\u2019s largest and most liquid exchange<\/strong>, with <a target=\"_blank\" href=\"https:\/\/www.afsic.net\/analyzing-the-performance-of-african-stocks\/\" style=\"\">more than 400 listed companies and a market cap of over USD 1 tn<\/a>. The All Share Index is up roughly 22.5% y-o-y despite being down about 1.1% YTD. It has continued attracting international firms this year, including Canada\u2019s Aimia through a <a target=\"_blank\" href=\"https:\/\/www.jse.co.za\/news\/news\/jse-welcomes-canadian-diversified-conglomerate-aimia-inc\" style=\"\">secondary listing<\/a> and Dublin-based Greencoat Renewables, which <a target=\"_blank\" href=\"https:\/\/www.investing.com\/news\/company-news\/greencoat-renewables-moves-to-jse-main-board-listing-93CH-4697503\" style=\"\">shifted<\/a> to a dual primary JSE listing to deepen access to South African institutional capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Averi wouldn\u2019t be the first UAE firm to join the exchange:<\/strong> Dubai-based AI fintech Optasia IPO\u2019d on the Johannesburg Stock Exchange <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/05\/waha-capital-pockets-usd-119-from-optasia-exit-adia-divests-stake-in-ayvens-as-part-of-a-consortium\/\" style=\"\">last year<\/a>, raising USD 375 mn in what was the JSE\u2019s largest fintech IPO yet. The placement also helped it deepen local capital ties, with South Africa\u2019s FirstRand taking a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/28\/germanys-largest-asset-manager-coming-to-adgm\/\" style=\"\">20.1% stake<\/a> in the firm ahead of the listing. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"117527 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"117527\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/21\/117527\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117527\" class=\"content-area-description single-story post-117527 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/private\/become-a-customer\/\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/741.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"117528\" 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=\"117528\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/21\/remotepass-raises-usd-17-4-mn-to-take-its-mena-payroll-playbook-global\/\">\r\n                            RemotePass secures USD 17.4 mn in Series B round                        <\/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\/21\/remotepass-raises-usd-17-4-mn-to-take-its-mena-payroll-playbook-global\/\" 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\/21\/remotepass-raises-usd-17-4-mn-to-take-its-mena-payroll-playbook-global\/')\">\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\/21\/remotepass-raises-usd-17-4-mn-to-take-its-mena-payroll-playbook-global\/\">\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=RemotePass raises USD 17.4 mn to take its MENA payroll playbook global&url=https:\/\/enterpriseam.com\/uae\/2026\/05\/21\/remotepass-raises-usd-17-4-mn-to-take-its-mena-payroll-playbook-global\/\">\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\/21\/remotepass-raises-usd-17-4-mn-to-take-its-mena-payroll-playbook-global\/&title=RemotePass raises USD 17.4 mn to take its MENA payroll playbook global\">\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=RemotePass+raises+USD+17.4+mn+to+take+its+MENA+payroll+playbook+global+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2026%2F05%2F21%2Fremotepass-raises-usd-17-4-mn-to-take-its-mena-payroll-playbook-global%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\/21\/remotepass-raises-usd-17-4-mn-to-take-its-mena-payroll-playbook-global\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"117529\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/21\/remotepass-raises-usd-17-4-mn-to-take-its-mena-payroll-playbook-global\/157-jpg-75\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"157.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117528\" class=\"content-area-description single-story post-117528 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam-uae tag-investment tag-investment-watch tag-startup-watch tag-startups wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a target=\"_blank\" id=\"id.19mvmlnad2ge\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE<\/strong><strong>-founded HR and payroll services platform<\/strong> <strong>RemotePass<\/strong><strong> raised USD 17.4 mn in Series B funding<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/newsroom.remotepass.com\/265841-remotepass-raises-17-4m-series-b-led-by-ebrd-venture-capital-as-global-employment-and-fintech-converge\/\" style=\"\">press release<\/a>. The round was led by EBRD Venture Capital, with participation from 500 Global and existing investors, including Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The capital will go toward expanding<\/strong><strong> in<\/strong><strong> Europe and the US<\/strong>, building out compliance coverage in existing markets, and investing further into its AI and financial services products. RemotePass previously <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/06\/remotepass-locks-in-usd-5-5-mn-series-a-round\/\" style=\"\">raised USD 5.5 mn<\/a> in a Series A round in 2024 to expand in Saudi Arabia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RemotePass? <\/strong>Founded in 2021 by Kamal Reggad (<a target=\"_blank\" href=\"http:\/\/linkedin.com\/in\/kamalreggad?originalSubdomain=ae\" style=\"\">LinkedIn<\/a>) and Karim Nadi (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/karimnadi\/\" style=\"\">LinkedIn<\/a>), the platform provides recruitment and payroll services for companies with employees across multiple geographies, spanning contractor payments, expense cards, USD accounts, and debit cards. RemotePass says it supports more than 35k employees across over 150 countries and has processed over USD 800 mn in cross-border payments to date. The platform is used by the likes of Tata Group, InDrive, and Careem.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/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=\"117530 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=\"117530\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/21\/117530\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117530\" class=\"content-area-description single-story post-117530 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=\"117531\" 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=\"117531\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/21\/mgx-makes-another-ai-wager-another-intl-player-lands-in-difc-a-cold-chain-hub-for-abu-dhabi-gallega-adds-capacity-to-jafza-another-real-estate-project-with-bildco-in-tow-adia-subsidiary\/\">\r\n                            MGX makes another AI wager, another int\u2019l player lands in DIFC, a cold chain hub for Abu Dhabi, Gallega adds capacity to Jafza, another real estate project with Bildco in tow, Adia subsidiary heads for another Medline share sale                        <\/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 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sale&url=https:\/\/enterpriseam.com\/uae\/2026\/05\/21\/mgx-makes-another-ai-wager-another-intl-player-lands-in-difc-a-cold-chain-hub-for-abu-dhabi-gallega-adds-capacity-to-jafza-another-real-estate-project-with-bildco-in-tow-adia-subsidiary\/\">\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\/21\/mgx-makes-another-ai-wager-another-intl-player-lands-in-difc-a-cold-chain-hub-for-abu-dhabi-gallega-adds-capacity-to-jafza-another-real-estate-project-with-bildco-in-tow-adia-subsidiary\/&title=MGX makes another AI wager, another int\u2019l player lands in DIFC, a cold chain hub for Abu Dhabi, Gallega adds capacity to Jafza, another real estate project with Bildco in tow, 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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/21\/mgx-makes-another-ai-wager-another-intl-player-lands-in-difc-a-cold-chain-hub-for-abu-dhabi-gallega-adds-capacity-to-jafza-another-real-estate-project-with-bildco-in-tow-adia-subsidiary\/1330-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/1330.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1330.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/1330.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/1330.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117531\" class=\"content-area-description single-story post-117531 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi-investment-authority tag-also-on-our-radar tag-artificial-intelligence tag-difc tag-dubai-international-financial-center tag-enterpriseam-uae tag-food-security tag-jebel-ali-free-zone-authority tag-mgx tag-real-estate 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\">MGX is making another major AI wager<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi AI investor MGX joined a USD 2.1 bn Series B funding <\/strong><strong>round for <\/strong><strong>UK-based Isomorphic Labs<\/strong>, a drug-design and development company using AI models to identify viable drug candidates and develop new meds, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/1275.pdf\" style=\"\">press release (pdf)<\/a>. Fresh capital will go toward global expansion, hiring, and scaling the firm\u2019s AI drug-design engine.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also involved: <\/strong>Leading the funding round was Joshua Kushner\u2019s Thrive Capital, which MGX has invested alongside <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/03\/mgx-backs-openai-in-bumper-usd-6-6-bn-funding-round\/\" style=\"\">in the past<\/a>. Existing backers Alphabet and Google Ventures also participated alongside Temasek, CapitalG, and the UK Sovereign AI Fund.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s been a busy year for MGX so far:<\/strong> This year alone, the state-backed investor has poured funds into three major AI rivals \u2014 <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/25\/this-morning-iran-linked-institutions-in-the-uae-are-under-scrutiny-millennium-management-eyes-up-relocating-regional-staff\/\" style=\"\">OpenAI<\/a>, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/08\/this-morning-rakbank-is-the-latest-to-join-the-stablecoin-party-contract-awards-fell-in-2025\/\" style=\"\">xAI<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/02\/13\/mgx-backs-anthropic-adding-to-a-rich-portfolio-that-includes-openai-and-xai\/\" style=\"\">Anthropic<\/a>. It plans to accumulate over USD 100 bn in assets under management in a few years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Another one for DIFC<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another fund-services player is planting deeper roots in Dubai <\/strong><strong>International <\/strong><strong>Financial Center.<\/strong> Gordian Capital, an institutional cross-border fund platform owned by investor-services group IQ-EQ, secured approval from the Dubai Financial Services Authority to establish a presence in the emirate, according to a <a target=\"_blank\" href=\"https:\/\/www.difc.com\/whats-on\/news\/gordian-capital-secures-dfsa-approval-difc\" style=\"\">statement<\/a>. The move gives the firm, which manages <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/23\/this-morning-abu-dhabis-minority-stake-in-telegraph-gets-greenlight-from-uk-lawmakers-dubais-one-freezone-passport-goes-live\/\" style=\"\">USD 17 bn in assets<\/a>, a regulated base to manage funds and assets, structure products, and facilitate regional capital flows, adding Dubai to hubs in Singapore, Tokyo, Hong Kong, Shanghai, and Melbourne.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It adds to a wider influx of firms deepening their Dubai footprint<\/strong>, including Century 21 and Chinese payments firm Lianlian DigiTech <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/20\/dubais-the-regional-hq-of-choice-for-century-21-lianlian-digitech\/\" style=\"\">just this week<\/a>.<\/p>\n<p class=\"tag-border-left\">A cold chain hub is coming to Abu Dhabi + Gallega adds capacity to Jafza<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Axione to build a new cold chain<\/strong><strong> hub:<\/strong> Abu Dhabi Food Hub <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/c0b3dgt-axione-development-build-advanced-cold-chain\" style=\"\">signed<\/a> an agreement with UAE-based Axione Development to build advanced cold chain infrastructure on a 37k sqm plot under a 50-year land lease. The facility will be operationally ready by 4Q this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move comes as the UAE continues<\/strong><strong> to shore up its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/10\/could-hormuzs-closure-disrupt-the-uaes-food-supply\/\" style=\"\">food supply chain<\/a><\/strong>, especially against the backdrop of regional disruptions. NRTC <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/14\/uae-saudi-team-up-on-food-security-another-indian-infrastructure-player-comes-to-the-uae-omla-launches-in-umm-al-quwain-partners-capital-opens-in-abu-dhabi\/\" style=\"\">recently partnered<\/a> with Saudi\u2019s Dava Agricultural to collaborate on GCC produce, agricultural, and supply chain operations, while UAE-based third-party logistics provider Gallega Global Logistics just <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2026\/may\/20-05\/gallega-global-logistics-opens-logistics-hub-at-jafza\" style=\"\">inaugurated<\/a> a 215k sq ft multi-user logistics hub at Jebel Ali Freezone, adding new warehousing and fulfilment capacity for distribution across the UAE and wider GCC. <\/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\">Some of Medline\u2019s biggest backers are heading for the exit window again<\/p>\n<p><a target=\"_blank\" id=\"id.5mwhj8kt5tju\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu <\/strong><strong>Dhabi money is cashing out further from one of private equity\u2019s biggest <\/strong><strong>healthcare plays. <\/strong>An Abu Dhabi Investment Authority (Adia) subsidiary, alongside shareholders linked to Blackstone and Hellman & Friedman, are selling 60 mn shares in US-based public healthcare giant Medline through a secondary public offering, with underwriters holding the option to purchase another 9 mn shares, according to a <a target=\"_blank\" href=\"https:\/\/newsroom.medline.com\/releases\/medline-inc-announces-launch-of-secondary-offering-of-class-a-common-stock\/\" style=\"\">press<\/a><a target=\"_blank\" href=\"https:\/\/newsroom.medline.com\/releases\/medline-inc-announces-launch-of-secondary-offering-of-class-a-common-stock\/\" style=\"\">release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The transaction will not raise fresh capital for Medline itself<\/strong>, with proceeds going entirely to the selling shareholders. The firm filed a <a target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2046386\/000119312526231691\/d68812ds1.htm\" style=\"\">registration statement (pdf)<\/a> to the Securities and Exchange Commission but it is not yet effective.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first: <\/strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/06\/adia-pivots-capital-into-paypay-nasdaq-listing-following-usd-3-1-bn-medline-exit\/\" style=\"\">Earlier this year<\/a> we reported that an Adia subsidiary and several international investment players sold USD 75 mn shares in Medline for a total of USD 3.1 bn, with the subsidiary accounting for 5.1 mn of the shares sold.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Goldman Sachs, Morgan Stanley, BofA Securities, and JP Morgan are joint bookrunning managers and global coordinators for the offering. Blackstone Capital Markets is co-manager.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Another real estate project, with Bildco in tow<\/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) and <\/strong><strong>Dubai-based<\/strong><strong> Wujod Real Estate Development signed an agreement to build an integrated <\/strong><strong>sustainable mixed-use development<\/strong> in Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/1283.pdf\" style=\"\">statement (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The project will span an initial 10 mn sqm (around 107 mn sq ft), with first-phase investments estimated at AED 2 bn, subject to approved development plans and regulatory requirements. The masterplan includes ecological estate living, wellness destinations, and tourism-linked assets such as equestrian and golf facilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The latest move from Bildco comes just as the UAE construction stack is feeling the pressure, with building-material prices rising <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/19\/construction-is-weathering-a-tougher-pricing-environment-in-2026-with-prices-rising-up-to-71-compared-to-last-year\/\" style=\"\">1.5%-14%<\/a> in just two weeks amid shipping disruption, tighter logistics, and strong infrastructure demand. Still, Bildco is pushing ahead, recently <a target=\"_blank\" 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\/\" style=\"\">pledging to add 1 mcm of concrete capacity in Abu Dhabi<\/a> as suppliers race to ease bottlenecks and expand local supply.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-authority\/\">Abu Dhabi Investment Authority<\/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\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/difc\/\">DIFC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-international-financial-center\/\">Dubai International Financial Center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/food-security\/\">Food security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/jebel-ali-free-zone-authority\/\">Jebel Ali Free Zone Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mgx\/\">MGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"117533\" 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=\"117533\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/21\/what-spacexs-ipo-means-for-the-gulf\/\">\r\n                            The Aramco-sized question                        <\/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\/21\/what-spacexs-ipo-means-for-the-gulf\/\" 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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Pricing is expected as early as 11 June, with a listing on Nasdaq 12 June at a target valuation of <a target=\"_blank\" href=\"https:\/\/www.insiderfinance.io\/news\/spacex-ipo-prospectus-nears-ahead-of-june-roadshow\" style=\"\">USD 1.75 tn<\/a>, targeting USD 70-75 bn in proceeds. The previous record was <a target=\"_blank\" href=\"https:\/\/apnews.com\/general-news-399cda92332bb79bea96d63f758e4cea\" style=\"\">Saudi Aramco\u2019s USD 29.4 bn listing in 2019<\/a>, and SpaceX is on track to clear that by more than 2x.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Gulf is positioned on every side of this trade <\/strong>\u2014 as investor, as competitor, and as the reference point against which SpaceX is being priced. Mubadala has historic exposure through the Vision Fund, and multiple GCC family offices have ridden the secondary market valuation ladder from USD 100 bn in 2021 to USD 1.25 tn after the February xAI merger to USD 1.75 tn at IPO. PIF has been a SpaceX equity holder since 2021. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What does the prospectus tell us? <\/strong>SpaceX incurred around USD 4.3 bn in losses in 1Q 2026, bringing in revenues of USD 4.7 bn in the same period. During 1Q 2025, net losses amounted to USD 528 mn along with revenues of around USD 4 bn. The filing also places the par value of Class A common stock at USD 0.001 per share.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Elon Musk remains comfortably in charge<\/strong>, with his ownership of some Class A shares and most Class B shares giving the world\u2019s richest man <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-20\/musk-s-spacex-files-publicly-for-nasdaq-ipo-under-symbol-spcx?srnd=homepage-middle-east\" style=\"\">85.1% of the voting power<\/a>. The filling clarifies that Musk will remain at the wheel following the IPO. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Polymarket consensus puts the closing market cap above USD 2 tn at <\/strong><strong><a target=\"_blank\" href=\"https:\/\/augustuswealth.com\/blog\/spacex-s1-filed-ipo-planning\/\" style=\"\">47% probability<\/a><\/strong><strong>. <\/strong>For the GCC LPs who entered at single-digit-bn valuations, the listing is a generational liquidity event \u2014 paper gains crystallize on Day One, and the secondary-sale lockup expires September or October.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF recently cut its international allocation target from <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/06\/gulf-swfs-have-become-the-swing-vote-in-global-capital-flows\/\" style=\"\">30% to 20% in April<\/a><\/strong><strong> under its 2026\/2030 strategy. <\/strong>If SpaceX IPOs with USD 70-75 bn in proceeds, this could give GCC SWFs a sudden distributable capital injection at exactly the moment the strategic direction is redirected home, instead of outward.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aramco\u2019s 2019 IPO was the largest in history because it was a sovereign listing<\/strong> \u2014 Saudi Arabia going public, in effect, with Aramco as the vehicle. SpaceX is the opposite: a private-sector listing whose physical infrastructure (Starlink ground stations, Starbase, defense contracts) is increasingly a foreign-policy instrument. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The comparison matters because every major US listing for the next 18 months <\/strong>\u2014 OpenAI at USD 852 bn, Anthropic at USD 900 bn+, the rest of the AI infrastructure pipeline \u2014 will be measured against SpaceX. The Gulf capital markets ecosystem that built itself around the 2019 listing now has to compete with a US ecosystem that has decisively reclaimed mega-cap listing primacy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are up in early trading this morning<\/strong>, with Japan\u2019s Nikkei and South Korea\u2019s Kospi rebounding strongly from earlier losses. Stronger-than-expected 1Q Nvidia earnings and vessels making their way through Hormuz fueled the rally. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,598<\/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: -4.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,627<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: -7.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,459<\/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: -8.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3.5% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.0% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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>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\">10,986<\/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: +4.7%)<\/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\">51,937<\/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: +24.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">7,433<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1% (YTD: +8.6%)<\/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\">10,432<\/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\">+1.0% (YTD: +5.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,976<\/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\">+2.1% (YTD: +3.1%)<\/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>Brent crude <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 105.78<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.04<\/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\">+1.0%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 4,551<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 77,583<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1% (YTD: -11.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.60<\/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% (YTD: -4.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">149.64<\/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: -1.5%)<\/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\">17.44<\/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: +16.7%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX fell 0.5% yesterday<\/strong> on turnover of AED 950.6 mn. The index is down 4.0% 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>Fujairah Building Industries (+5.1%), Fujairah Cement Industries (+3.8%), and Space42 (+2.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Al Dhafra Ins. Co. (-5.0%), Phoenix Group (-4.9%), and Al Buhaira National Ins. Company (-4.6%). <\/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 0.6% on turnover of AED 768.2 mn. Meanwhile, Nasdaq Dubai was down 0.8%.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"117535\" 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\/21\/117535\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-117535\" class=\"content-area-description single-story post-117535 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=\"\">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 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=\"\">19-21 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.isnrabudhabi.com\/en\" style=\"\">International Exhibition for National Security & Resilience<\/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>19-22 May (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/under-the-directives-of-khaled-bin-mohamed-bin-zayed-department-of-energy-to-launch-abu-dhabi-water-power-week-in-may-2026\/\" style=\"\">Abu Dhabi Water and Energy Week<\/a><\/span><span style=\"font-weight:400;\">, Adnec Center, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21 May (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/economymiddleeast.com\/summit-2026\/\" style=\"\">Economy Middle East Summit<\/a><\/span><span style=\"font-weight:400;\">, Rosewood, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22 May-7 June (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaiesportsfestival.com\/\" style=\"\">Dubai Esports and Games Festival<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-4 June (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/arqaammenaconference.com\/\" style=\"\">MENA Investor Conference<\/a><\/span><span style=\"font-weight:400;\">, Ritz-Carlton DIFC, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-4 June (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menadesal.com\/\" style=\"\">MENA Desalination Forum<\/a><\/span><span style=\"font-weight:400;\">, Conrad Abu Dhabi Etihad Towers, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 June - 15 September (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaimallathon.ae\/\" style=\"\">Dubai Mallathon<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/investopia.ae\/events\/investopia-global-tashkent\/#:~:text=Investopia%20Global%20%E2%80%93%20Tashkent%20will%20bring,%2C%20partnership%2C%20and%20economic%20advancement.\" style=\"\">Investopia Global Talks<\/a><\/span><span style=\"font-weight:400;\">, Tashkent, Uzbekistan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22-24 June (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/glass-show.com\/\" style=\"\">The International Glass Manufacturing Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AUGUST <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-20 August (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.khaleejtimes.com\/arabic\/business\/%D8%AA%D8%A3%D8%AC%D9%8A%D9%84-%D9%85%D8%B9%D8%B1%D8%B6-%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%B3%D9%81%D8%B1-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A-2026-%D8%A5%D9%84%D9%89-%D8%A3%D8%BA%D8%B3%D8%B7%D8%B3-%D8%A7%D9%84%D8%B3%D9%84%D8%A7%D9%85%D8%A9-%D8%A3%D9%88%D9%84%D8%A7\" style=\"\">Arabian Travel Market<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-3 September (Tuesday-Thursday: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.middleeast-energy.com\/en\/home.html\" style=\"\">Middle East Energy<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aimcongress.com\/\" style=\"\">AIM Congress<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/international-property-show-2026\/\" style=\"\">International Property Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-13 September (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/eicalcongress.com\/\" style=\"\">Emirates International Congress on AI & Visionary Leadership in Transforming Healthcare<\/a><\/span><span style=\"font-weight:400;\">, Adnec Center Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">29-30 September (Tuesday-Wednesday): AFCM Annual Conference, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-10 October (Sunday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/space.gov.ae\/en\/media-center\/events\/world-space-week\" style=\"\">World Space Week<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5-7 October (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aieverythingglobal.com\/home\" style=\"\">AI Everything Global<\/a><\/span><span style=\"font-weight:400;\">, Adnec Center, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 October (Monday-Wednesday: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/en-gb.html\" style=\"\">Airport Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-22 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adghw.com\/\" style=\"\">Future Health Summit<\/a><\/span><span style=\"font-weight:400;\">, Adnec Center Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27-28 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/indico.un.org\/event\/1021967\/\" style=\"\">Arab Competition Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 October (Friday):<\/span> <span>Large businesses achieving annual revenues equal to or above AED 50<\/span> <span>mn<\/span> <span>must appoint an accredited service provider for e-invoicing implementation. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in October 2026:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Abu Dhabi Space Week, Abu Dhabi.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-6 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaifuturefinanceweek.com\/\" style=\"\">Dubai Future Finance Week<\/a><\/span><span>, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4 November (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/digitransformationsummit.com\/uae\/\" style=\"\">Digital Transformation Summit<\/a><\/span><span style=\"font-weight:400;\">, Sofitel, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-10 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bmkxm3q-mohammad-gergawi-announces-dates-next-uae\" style=\"\">Annual government meetings<\/a><\/span><span>, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mediaoffice.ae\/en\/news\/2026\/february\/24-02\/rta-organises-the-inaugural-edition-of-dubai-international\" style=\"\">Dubai International Electric Vehicle Exhibition & Conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">16-18 November (Monday-Wednesday): World Police Summit, Dubai World Trade Center, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-4 December (Wednesday-Friday):<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unwater.org\/news\/2026-un-water-conference\" style=\"\">UN Water Conference<\/a><\/span><span>, UAE.<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">8-9 December (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.capitalmarketsummit.ae\/\" style=\"\">Capital Market Summit<\/a><\/span><span style=\"\">, Madinat Jumeirah, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2027:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">1 January: Deadline for large businesses to implement e-invoicing;<\/span><\/li>\n<li><span>1Q 2027: Completion of the first phase of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f4e973fb-1779-41cf-b29f-f4df8c403414\/this-morning:-india%25e2%2580%2599s-kotak-receives-sca-license,-plans-retail-focused-funds-in-4q-2025-%2B-ifza-in-panama%3F\" style=\"\">Hassyan seawater desalination project<\/a><\/span><span style=\"font-weight:400;\">;<\/span><\/li>\n<li><span>1-3 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/bymylfm-world-governments-summit-2027-set-from-february\" style=\"\">World Governments Summit<\/a><\/span><span style=\"font-weight:400;\">; <\/span><\/li>\n<li><span style=\"font-weight:400;\">31 March: Small businesses with annual revenues of less than AED 50 mn are obliged to contract with an accredited service provider for e-invoicing implementation;<\/span><\/li>\n<li><span>31 March: Government entities<\/span> <span style=\"font-weight:400;\">are required to appoint an accredited service provider for e-invoicing implementation;<\/span><\/li>\n<li><span>21-22 April (Wednesday-Thursday): <\/span><span style=\"\">Token2049, Dubai;<\/span><\/li>\n<li><span style=\"font-weight:400;\">1 July: Deadline for small businesses to implement e-invoicing;<\/span><\/li>\n<li><span style=\"font-weight:400;\">1 October: Deadline for governments to implement e-invoicing;<\/span><\/li>\n<li><span style=\"font-weight:400;\">Abu Dhabi\u2019s solar and battery energy facility, combining 5.2 GW of solar capacity and 19 GWh of battery storage, is set for commissioning. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Signposted to happen sometime in 2028:<\/span><\/p>\n<ul>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/1732iqa-uae-strengthens-its-global-leadership-host-2028\" style=\"\">Artificial Intelligence Summit<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2029:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Sibos 2029 organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Dubai;<\/span><\/li>\n<li><span style=\"font-weight:400;\">Annual Meetings of the World Bank Group and the International Monetary Fund, Abu Dhabi;<\/span><\/li>\n<li><span style=\"font-weight:400;\">The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park.<\/span><\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Fujairah looks to more logistics integration.<\/p>\n","protected":false},"featured_media":117517,"menu_order":0,"template":"","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-117516","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"caa3eaac-9851-4539-89f0-495c4ad81225","teaser":"Plus: Fujairah looks to more logistics integration.","photo_url":"https:\/\/ent.news\/2026\/4\/13.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GCC-UK trade agreement finalized - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/issues\/gcc-uk-trade-agreement-finalized\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GCC-UK trade agreement finalized\" \/>\n<meta property=\"og:description\" content=\"Plus: Fujairah looks to more logistics integration.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/issues\/gcc-uk-trade-agreement-finalized\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-21T02:45:11+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/13.jpg?fit=%2C&ssl=1\" \/>\n<script 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