{"id":87143,"date":"2024-01-10T00:00:00","date_gmt":"2024-01-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=87143"},"modified":"2025-12-14T22:56:47","modified_gmt":"2025-12-14T22:56:47","slug":"world-bank-raises-uaes-2024-2025-growth-forecasts","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/","title":{"rendered":"World Bank raises UAE\u2019s 2024 + 2025 growth forecasts"},"content":{"rendered":"<section id=\"87145\" 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=\"87145\">\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\/2024\/01\/10\/this-morning-world-bank-sees-stronger-growth-in-the-uae-we-have-five-days-left-until-davos\/\">\r\n                            THIS MORNING: World Bank sees stronger growth in the UAE + We have five days left until Davos                        <\/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\/2024\/01\/10\/this-morning-world-bank-sees-stronger-growth-in-the-uae-we-have-five-days-left-until-davos\/\" 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\/2024\/01\/10\/this-morning-world-bank-sees-stronger-growth-in-the-uae-we-have-five-days-left-until-davos\/')\">\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\/2024\/01\/10\/this-morning-world-bank-sees-stronger-growth-in-the-uae-we-have-five-days-left-until-davos\/\">\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=THIS MORNING: World Bank sees stronger growth in the UAE + We have five days left until Davos&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/this-morning-world-bank-sees-stronger-growth-in-the-uae-we-have-five-days-left-until-davos\/\">\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\/2024\/01\/10\/this-morning-world-bank-sees-stronger-growth-in-the-uae-we-have-five-days-left-until-davos\/&title=THIS MORNING: World Bank sees stronger growth in the UAE + We have five days left until Davos\">\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=THIS+MORNING%3A+World+Bank+sees+stronger+growth+in+the+UAE+%2B+We+have+five+days+left+until+Davos+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F10%2Fthis-morning-world-bank-sees-stronger-growth-in-the-uae-we-have-five-days-left-until-davos%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\/2024\/01\/10\/this-morning-world-bank-sees-stronger-growth-in-the-uae-we-have-five-days-left-until-davos\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/176.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87146\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/this-morning-world-bank-sees-stronger-growth-in-the-uae-we-have-five-days-left-until-davos\/176-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/176.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"176.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/176.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/176.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87145\" class=\"content-area-description single-story post-87145 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-adx tag-boeing tag-davos tag-enterpriseam-uae tag-mubadala tag-what-were-tracking-today tag-world-economic-forum wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.6daad22e-4b9e-4b7c-ae53-cfccfcb03047.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and welcome to a rather packed hump day issue.<\/strong> Let\u2019s get right to it, but first, a programming note: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE <\/strong><strong>is off tomorrow. <\/strong>We\u2019re heading out to a company offsite today before we come back to tool up ahead of <strong>the official launch of EnterpriseAM UAE next week. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>If you haven\u2019t already: Sign up for the UAE edition here. <\/strong>Our report, produced in the UAE and in Cairo, is written for decisionmakers in the UAE as well as executives, investors, and others doing business or deploying capital there. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available to you without charge <\/strong>thanks to the generous support of our friends at Mashreq and is published by 7am UAE time Monday through Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** THAT\u2019S NOT ALL: EnterpriseAM Saudi Arabia is launching later this month. <\/strong>You can <a target=\"_blank\" href=\"https:\/\/ksaform.enterprise.news\/\" style=\"\" rel=\"noopener\">sign up here<\/a> to let us know you\u2019d like to be on the list on launch day. More details soon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/uaeform.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/39.jpg?ssl=1\"\/><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** You\u2019re reading Zero Issue #26 of EnterpriseAM UAE. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Think of a zero issue as a \u201cbeta.\u201d<\/strong> This issue has not been published or distributed to a wide audience. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Did you receive this as a forward?<\/strong> Email editorial@enterprisemea.com and let us know if you\u2019d like to be added to our list of beta readers ahead of our launch.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Have a comment, criticism, or story tip? <\/strong>Hit up <a target=\"_blank\" href=\"mailto:patrick@enterprisemea.com\" style=\"\" rel=\"noopener\">patrick@enterprisemea.com<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY here at home this morning is the World Bank\u2019s Global Economic Prospects<\/strong><strong> report<\/strong>, in which the bank has revised upwards its growth projections for the UAE this year and next. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have chapter and verse on this story and more in this morning\u2019s news well, below. <\/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>You have just <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/\" style=\"\" rel=\"noopener\">five days<\/a><\/strong><strong> until the World Economic Forum gets underway in Davos,<\/strong><strong> spewing influencer nonsense all over your newsfeed.<\/strong> Reps of more than 100 governments, 1k paid corporate partners, along with other business leaders, entrepreneurs, and civil society types (does anyone use that word anymore? \u201cCivil society?\u201d) are set to attend.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This year\u2019s theme is \u201crebuilding trust,\u201d<\/strong> organizers say, adding, \u201cThe programme embodies a \u2018back to basics\u2019 spirit of open and constructive dialogue between leaders of government, business and civil society.\u201d Job creation, AI (which \u2026 kind of stands in opposition to the former?), and \u201clong-term strategy for climate, nature and energy\u201d get plenty of attention on the <a target=\"_blank\" href=\"https:\/\/www.weforum.org\/agenda\/2023\/12\/davos-2024-what-to-expect-and-whos-coming\/\" style=\"\" rel=\"noopener\">teaser agenda<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Mubadala completes secondary listing of bonds on ADX:<\/strong>Mubadala Investment Company, through its issuing entity Mamoura Diversified Global Holding (MDGH), listed its USD 4.5 bn USD-denominated and AED 750 mn AED-denominated bonds in a secondary listing on the ADX, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/markets\/fixed-income\/mubadala-announces-secondary-dollar-and-dirham-bond-listings-on-adx-qlq7ib3b\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The listing includes Mubadala's oversubscribed debut green bond and its first-AED-denominated bond.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong>The company listed the bonds on the London Stock Exchange on Monday. The bonds include USD 4.8 bn senior unsecured green notes, issued on 25 October 2023, with a fixed interest rate of 5.875% and a tenor of 10.5 years. The second issuance is AED 750 mn in senior unsecured notes, issued on 8 November 2023, and have a fixed interest rate of 5.650% and a tenor of 5 years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates Airlines President not surprised by Boeing malfunction: <\/strong>\u201cThey\u2019ve had quality control problems for a long time now, and this is just another manifestation of that,\u201d Tim Clark told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-08\/emirates-clark-says-blow-out-illustrates-boeing-quality-lapses\" style=\"\" rel=\"noopener\">Bloomberg<\/a> after a piece of fuselage from a Boeing 737 Max 9 blew off during an Alaska Airlines flight last week. Following the incident, United Airlines said it found loose bolts and other issues on its grounded 737 Max planes following safety checks after. Clark associated Boeing\u2019s blips to management decisions, the relocation of the company\u2019s head office and offshoring the 787 fleet; however, he said that the issue is \u201csalvageable.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No Boeing 737 Max 9s flying in the UAE:<\/strong> The UAE\u2019s General Civil Aviation Authority (GCAA) says none of the UAE\u2019s national carriers currently operate any Boeing 737 MAX 9 aircraft, following news the US Federal Aviation Administration <a target=\"_blank\" href=\"https:\/\/logistics.enterprise.news\/news\/story?storyId=ae0169c6-1bc3-4364-b89e-1b0c15230ff5\" style=\"\" rel=\"noopener\">has grounded over 170<\/a> Boeing 737 Max 9s, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b115sti-uae-national-airlines-operating-boeing-737-max\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Separately, the government has banned oil tankers flying Cameroon\u2019s flag from arriving at Emirati ports due to safety<\/strong><strong> worries<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-09\/uae-bans-tankers-flying-risky-flag-many-have-moved-russian-oil\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The decision follows an energy and infrastructure <a target=\"_blank\" href=\"https:\/\/fujairahport.ae\/wp-content\/uploads\/2024\/01\/NTM345_Attachment.pdf\" style=\"\" rel=\"noopener\">circular<\/a> at the beginning of the month, which prohibited Cameroonian vessels due to concerns that many of the ships have been assembled to transport sanctioned Russian oil.<\/p>\n<p class=\"tag-border-left\">WATCH THESE SPACES- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#1- <\/strong><strong>Dubai Crown Prince and Chairman of its Executive Council Sheikh<\/strong><strong> Hamdan bin <\/strong><strong>Mohammed bin Rashid Al Maktoum approved several new development projects in Hatta<\/strong>, including a neighborhood council, a private school, and the location and design of its artificial beach, the crown prince said in a <a target=\"_blank\" href=\"https:\/\/twitter.com\/HamdanMohammed\/status\/1744702923806822725?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1744702923806822725%7Ctwgr%5E3b24131d33b3e5e132fde85dccb07297f804f63e%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.arabianbusiness.com%2Findustries%2Ftravel-hospitality%2Fsheikh-hamdan-approves-hatta-development-plan-with-beach-project-private-school-and-new-neighbourhoods\" style=\"\" rel=\"noopener\">statement<\/a>. No financial details or timeline for the completion of the projects were announced.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details are scarce: <\/strong>The school will have the capacity for 700-1k students, <a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/en\/Articles\/2024\/01\/09\/Dubai-CP-approves-series-of-development-projects-for-Hatta-region\" style=\"\" rel=\"noopener\">Sharjah 24<\/a> reports, without clarifying who is responsible for its operations and management. The council will be set up to boost social interaction among residents, and will include a multi-purpose main hall, service facilities, and administrative offices, the outlet adds, citing statements from General Coordinator for Infrastructure, Urban Planning, and Wellbeing Rashid Mohammed Al Sheikh. Finally, the beach will stretch over a 10k sqm plot alongside an artificial lake, the outlet reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Pakistan is seeking a second rollover on its USD 2 bn loan from the UAE<\/strong>, <a target=\"_blank\" href=\"https:\/\/pakobserver.net\/pakistan-approaches-uae-for-2billion-loan-rollover\/\" style=\"\" rel=\"noopener\">Pakistan<\/a><a target=\"_blank\" href=\"https:\/\/pakobserver.net\/pakistan-approaches-uae-for-2billion-loan-rollover\/\" style=\"\" rel=\"noopener\">Observer<\/a> reports. The UAE previously rolled over the loan and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/uae-roll-over-2-bln-loan-pakistan-provide-1-bln-additional-loan-2023-01-12\/\" style=\"\" rel=\"noopener\">lent it an additional<\/a> USD 1 bn in January 2023. Of the total USD 3 bn, USD 1 bn is due on 17 January, with another USD 1 bn due on 23 January.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#3- Winter tourism is getting its day in the sun:<\/strong> Vice President Sheikh Mohammed bin Rashid Al Maktoum launched the UAE\u2019s seasonal winter tourism campaign, the \u201cWorld\u2019s Coolest Winter,\u201d for the year to promote tourism across the Emirates, with an eye to increase the tourism sector\u2019s contribution to AED 450 bn of total GDP by 2031, the VP <a target=\"_blank\" href=\"https:\/\/twitter.com\/HHShkMohd\/status\/1744630098035097877?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1744630098035097877%7Ctwgr%5E339155ca01e17ad0ac9f0a4d65b14feb3b751df7%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fgulfnews.com%2Fuae%2Fgovernment%2Fwatch-sheikh-mohammed-announces-launch-of-winter-tourism-campaign-1.100307898\" style=\"\" rel=\"noopener\">said<\/a>. Under the theme \u201cUnforgettable Stories,\u201d the fourth edition of the campaign will feature various environmental, sporting, and leisure activities held at key cultural and outdoor locations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Find out how the labor market is doing: <\/strong>The Human Resources and Emiratisation Ministry launched the <a target=\"_blank\" href=\"https:\/\/www.mohre.gov.ae\/en\/media-centre\/news\/9\/1\/2024\/mohre-launches-uae-labour-market-observatory-to-boost-competitiveness-of-labour-market.aspx\" style=\"\" rel=\"noopener\">UAE Labour Market Observatory<\/a>, providing periodic data on competitiveness indicators of the labor market and the outputs of labor market regulations, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b12cnc0-mohre-launches-%E2%80%98uae-labour-market-observatory%E2%80%99\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The platform will be regularly updated and comes in a bid to boost market competitiveness. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#5- Dubai\u2019s Museum of the Future is getting an AED 100 mn research center<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/uae\/2024\/01\/08\/dh100-million-allocated-to-foster-innovation-as-dubai-celebrates-great-arab-minds-winners\/\" style=\"\" rel=\"noopener\">The<\/a><a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/uae\/2024\/01\/08\/dh100-million-allocated-to-foster-innovation-as-dubai-celebrates-great-arab-minds-winners\/\" style=\"\" rel=\"noopener\">National<\/a> reports. The inauguration of the center came during the Great Arab Minds Ceremony at the museum. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong><strong>VP Sheikh Mohammed bin Rasif honored six Arab <\/strong><strong>scientists and intellectuals as inaugural winners.<\/strong> Hani Negm was recognized for his work in medicine; Fadel Adeeb for his work in engineering and tech; Mohamed El Erian for economics, Nevin Khashab for natural sciences, Lina Al Ghatma for Architecture\/Design, and Wasini Al Araj for arts and literature. President Mohammed bin Rashid also gave the awardees some ink on <a target=\"_blank\" href=\"https:\/\/twitter.com\/HHShkMohd\/status\/1744359361827254733\" style=\"\" rel=\"noopener\">X<\/a>.<\/p>\n<p class=\"tag-border-left\">PUBLIC SERVICE ANNOUNCEMENTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Khalifa Fund is going fully digital: <\/strong>Abu Dhabi\u2019s interactive advisory platform is shutting down its Sharjah, Ajman, Ras Al Khaimah, and Fujairah branches and transitioning its services to the <a target=\"_blank\" href=\"https:\/\/www.tamm.abudhabi\/\" style=\"\" rel=\"noopener\">TAMM<\/a> platform, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/khalifa-fund-embraces-digital-transformation-closes-branches-and-expands-accessibility-d40gz1cd\" style=\"\" rel=\"noopener\">press release<\/a>. TAMM will handle funding requests, loan disbursement, amendments and reallocations, training and membership requests, support letters, and communication facilitation. The fund\u2019s headquarters will remain open for management and internal operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The digital step breaks geographical barriers<\/strong>, making Khalifa\u2019s services available to entrepreneurs and SMEs across the UAE. The move is also expected to slash waiting times for requesting and receiving services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Calling for Dubai street name ideas: <\/strong>The Dubai Road Naming Committee is introducing a new standard for naming internal roads, taking over the previous name and number methodology for road identification, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/dubai-residents-can-soon-suggest-names-for-roads\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. The committee will now name roads after cultural elements, like local trees and flowers, and is accepting proposals from residents.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some inspiration:<\/strong> Newly named streets include Al Ghaf Street, Al Sidr, Basil, Al Faghi, Al Samr, and Al Sharish.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>People of determination<\/strong><strong> can now book taxis through the Dubai Taxi <\/strong><strong>Company (DTC) and get 50% off<\/strong>, according to a Dubai Media Office statement. The service, tailored for those with non-motor disabilities, is accessible to Sanad cardholders in Dubai, the statement reads.<\/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>France gets its youngest-ever prime minister: <\/strong>President Emmanuel Macron <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/C149CtyNKIl\/?hl=en\" style=\"\" rel=\"noopener\">yesterday<\/a><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/C149CtyNKIl\/?hl=en\" style=\"\" rel=\"noopener\">named<\/a> 34-year-old French Education Minister Gabriel Attal as the country\u2019s new prime minister, as Macron looks to face growing political pressure from the far right just months ahead of European Parliament elections. Attal\u2019s appointment gives France its youngest-ever prime minister. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/frances-macron-name-new-pm-he-launches-political-reset-2024-01-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-09\/france-s-macron-taps-34-year-old-ally-attal-as-prime-minister\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/01\/09\/world\/europe\/gabriel-attal-france-prime-minister.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/france-gabriel-attal-prime-minister-macron-bourne-aba73836c839cbbb50839a2d1470ded3\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/world-europe-67922062\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/01\/09\/europe\/gabriel-attal-french-prime-minster-intl\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a>)<\/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\">\n   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n  <\/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=\"user\/subscribe-details\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.1billionsummit.com\/\" style=\"\" rel=\"noopener\">1 Bn Followers Summit<\/a><\/strong><strong> is<\/strong><strong>taking place today and tomorrow<\/strong> at the Emirates Towers and the Museum of the Future in Dubai. The event features morethan 20 workshops on social media management skills, from creativity, to monetisation strategies, to platform growth, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b10kd20-billion-followers-summit-2024-inspire-and-upskill\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Falcon championship to kick off on Friday: <\/strong>The Abu Dhabi Falconers Club will host the president\u2019s 16-day Cup Falcon Competition, which will kick off this Friday and run until 27 January at Abu Dhabi\u2019s Al Falah Field, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/13p98fg-presidents-cup-falcon-competition-kick-off-abu\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Dubai International Project Management Forum (DIPMF)<\/strong> will be coming to the Madinat Arena in Madinat Jumeirah between 15-18 January (Monday-Thursday). <a target=\"_blank\" href=\"https:\/\/www.dipmf.ae\/en\/\" style=\"\" rel=\"noopener\">DIPMF 2024<\/a> will focus on three topics: Sustainability, modern methods of project management, and future trends and technology, <a target=\"_blank\" href=\"https:\/\/www.gdnonline.com\/Details\/1299973\/Nakheel-signs-up-for-Dubai-project-management-forum-2024\" style=\"\" rel=\"noopener\">GDN reported<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>iFX EXPO Dubai 2024 kicks off next week:<\/strong> The three-day fintech and online trading expo <a target=\"_blank\" href=\"https:\/\/dubai2024.ifxexpo.com\/discover\/?gad_source=1&gclid=CjwKCAiA1-6sBhAoEiwArqlGPubvRc6DWxFeZTQX5QrAkvYa5hmPoEVm_60JC4yxxCXIvTuITyoNexoChU8QAvD_BwE\" style=\"\" rel=\"noopener\">iFX EXPO Dubai 2024<\/a> starts on 16 January at the Dubai World Trade Centre. Check out the full agenda <a target=\"_blank\" href=\"https:\/\/dubai2024.ifxexpo.com\/discuss\/\" style=\"\" rel=\"noopener\">here<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sharjah Entrepreneurship Center calls for 2024 SEFFY nominees: <\/strong>The Sharjah Entrepreneurship Festival (SEF), organized by the Sharjah Entrepreneurship Center (Sheraa), has launched the 2024 SEFFY Awards to recognize impactful startup founders and mentors for their achievements throughout 2023, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/13p98h0-sharjah-entrepreneurship-festival-opens\" style=\"\" rel=\"noopener\">Wam<\/a> reports. You can submit your nomination <a target=\"_blank\" href=\"https:\/\/share.hsforms.com\/1N6JaWaNbSJOvQsSmuOoCYgdeq0g\" style=\"\" rel=\"noopener\">here<\/a> by 18 January. The results will be out on 3 and 4 February. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Calling all classic car enthusiasts:<\/strong> Sharjah is set to host its inaugural Classic Car Festival from 2-4 February.The festival will showcase vintage vehicles and offer educational and entertainment activities, state news agency <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/life\/leisure-and-travel\/inaugural-sharjah-classic-cars-festival-rolls-out-february-2-umnu3mhe\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Organized by the <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/shjocc\/\" style=\"\" rel=\"noopener\">Sharjah Old Car Club<\/a>, the event is set to be the largest vintage car gathering in the UAE and the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wto.org\/english\/thewto_e\/minist_e\/mc13_e\/mc13_e.htm\" style=\"\" rel=\"noopener\">World Trade Organization (WTO) Ministerial Conference<\/a><\/strong><strong> i<\/strong><strong>s set to take place in <\/strong><strong>Abu Dhabi from 26-29 February<\/strong>, hosted by the Abu Dhabi Department of Economic Development and Economy Ministry at ADNEC. The gathering will convene ministers and delegates from the WTO\u2019s 164 member states. The conference will be chaired by Foreign Trade Minister Thani bin Ahmed Al Zeyoudi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The region\u2019s first hedge fund summit will take place on 15 May<\/strong>,organized by Dubai International Financial Centre (DIFC) and With Intelligence\u2019s hedge fund arm HFM, according to a <a target=\"_blank\" href=\"https:\/\/www.difc.ae\/whats-on\/news\/difcs-preferred-position-for-hedge-fund-ecosystem-develops-through-exclusive-hfm-partnership\" style=\"\" rel=\"noopener\">press release<\/a>. The invitation-only HFM Summit comes after DIFC authorized global hedge funds in 4Q 2023, including Asia Research & Capital Management, Brevan Howard, and Lighthouse Partners. It will include content sessions, interactive roundtables, and networking activities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adx\/\">ADX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/boeing\/\">Boeing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/davos\/\">Davos<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/world-economic-forum\/\">World Economic Forum<\/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=\"87147\" 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=\"87147\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/world-bank-sees-higher-growth-in-the-uae-in-2024-2025\/\">\r\n                            World Bank sees higher growth in the UAE in 2024 + 2025                        <\/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\/2024\/01\/10\/world-bank-sees-higher-growth-in-the-uae-in-2024-2025\/\" 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\/2024\/01\/10\/world-bank-sees-higher-growth-in-the-uae-in-2024-2025\/')\">\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\/2024\/01\/10\/world-bank-sees-higher-growth-in-the-uae-in-2024-2025\/\">\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=World Bank sees higher growth in the UAE in 2024 + 2025&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/world-bank-sees-higher-growth-in-the-uae-in-2024-2025\/\">\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\/2024\/01\/10\/world-bank-sees-higher-growth-in-the-uae-in-2024-2025\/&title=World Bank sees higher growth in the UAE in 2024 + 2025\">\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=World+Bank+sees+higher+growth+in+the+UAE+in+2024+%2B+2025+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F10%2Fworld-bank-sees-higher-growth-in-the-uae-in-2024-2025%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\/2024\/01\/10\/world-bank-sees-higher-growth-in-the-uae-in-2024-2025\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/669.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87148\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/world-bank-sees-higher-growth-in-the-uae-in-2024-2025\/669-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/669.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"669.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/669.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/669.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87147\" class=\"content-area-description single-story post-87147 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-uae tag-gdp tag-world-bank wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.6daad22e-4b9e-4b7c-ae53-cfccfcb03047.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The World Bank has revised upwards its forecast for economic growth in the UAE for the<\/strong><strong> next two years<\/strong>, saying in its <a target=\"_blank\" href=\"https:\/\/openknowledge.worldbank.org\/server\/api\/core\/bitstreams\/7a21a380-5c54-4a8d-9c54-22180abb1adb\/content\" style=\"\" rel=\"noopener\">Global Economic Prospects report (pdf)<\/a> that it now sees the economy growing at a 3.7% clip in 2024 and 3.8% in 2025. That\u2019s up from the 3.4% growth rate the World Bank had penciled in for the UAE in its <a target=\"_blank\" href=\"https:\/\/documents1.worldbank.org\/curated\/en\/099060723202024954\/pdf\/BOSIB03b0337cf0dd096470ad6bbabb2581.pdf\" style=\"\" rel=\"noopener\">June edition<\/a> of the report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The World Bank is more conservative than others:<\/strong> The Arab Monetary Fund said in its Arab Economic Outlook in November that it expects the UAE\u2019s GDP to grow 4.3% in 2024, setting it up to post the highest growth rate among GCC countries this year. The Central Bank of the UAE (CBUAE) was also more bullish, saying last month it sees the economy growing at a 5.7% clip this calendar year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The UAE\u2019s economy posted 6.6% growth in 2022, with growth easing in 2023. The CBUAE expects last year\u2019s growth to come in at around 3.1%, while the World Bank also revised the country\u2019s projected growth for 2023 up 0.6 percentage points to 3.4%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The GCC will be performing more or less at the same level:<\/strong> The report sees GCC countries collectively posting 3.6% growth in 2024, the World Bank says, marking a 0.4 percentage point upwards revision from its last report. The report expects GCC growth to accelerate to 3.8% in 2025, with growth expected to be underpinned by increased oil production. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zooming out further:<\/strong> MENA\u2019s GDP growth is expected to accelerate to 3.5% in each of 2024 and 2025, marking an upwards revision of 0.2 percentage points for 2024 and 0.5 percentage points for 2025 from the World Bank\u2019s June report. The caveat, however, is that the World Bank\u2019s forecast rests on the assumption that conflicts in the region do not spill over or escalate further. The forecast sees the region posting 1.9% growth in 2023. <\/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\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/world-bank\/\">World Bank<\/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=\"87149\" 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=\"87149\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/aldar-wants-to-invest-aed-1-bn-in-logistics\/\">\r\n                            Aldar to invest AED 1 bn to expand Dubai, Abu Dhabi logistics portfolio                        <\/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\/2024\/01\/10\/aldar-wants-to-invest-aed-1-bn-in-logistics\/\" 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\/2024\/01\/10\/aldar-wants-to-invest-aed-1-bn-in-logistics\/')\">\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\/2024\/01\/10\/aldar-wants-to-invest-aed-1-bn-in-logistics\/\">\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=Aldar wants to invest AED 1 bn in logistics&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/aldar-wants-to-invest-aed-1-bn-in-logistics\/\">\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\/2024\/01\/10\/aldar-wants-to-invest-aed-1-bn-in-logistics\/&title=Aldar wants to invest AED 1 bn in logistics\">\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=Aldar+wants+to+invest+AED+1+bn+in+logistics+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F10%2Faldar-wants-to-invest-aed-1-bn-in-logistics%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\/2024\/01\/10\/aldar-wants-to-invest-aed-1-bn-in-logistics\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/575.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87150\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/aldar-wants-to-invest-aed-1-bn-in-logistics\/575-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/575.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"575.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/575.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/575.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87149\" class=\"content-area-description single-story post-87149 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-abu-dhabi tag-aldar-properties tag-dubai tag-enterpriseam-uae tag-investment-watch tag-logistics tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.6daad22e-4b9e-4b7c-ae53-cfccfcb03047.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Aldar lines up AED 1 bn to expand logistics real estate business:<\/strong> Abu Dhabi-based real estate developer Aldar Properties is pouring AED 1 bn (c. 272 mn) into the expansion of its logistics operations in Abu Dhabi and Dubai, Aldar said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/517.pdf\" style=\"\" rel=\"noopener\">ADX filing (pdf)<\/a> on Monday. The investment includes an acquisition of its first logistics zone in Dubai and plans to set up new logistics facilities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The developer acquired 7 Central Logistics Hub from steel supplier <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sevenseasuae.com\/\" style=\"\" rel=\"noopener\">Seven Seas Steel<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sevenseasuae.com\/\" style=\"\" rel=\"noopener\">Industries<\/a><\/strong> and an adjacent plot in the <a target=\"_blank\" href=\"https:\/\/www.dipark.com\/\" style=\"\" rel=\"noopener\">Dubai Investment Park<\/a> (DIP). Once developed, the gross leasable area at the hub will be doubled to 38k sqm. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Aldar will work with other real estate firms to set up single-tenant facilities<\/strong><strong> and logistics parks in Dubai<\/strong>, with a total gross leasable area of 200k sqm. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#<\/strong><strong>3- It will also expand its Abu Dhabi facilities:<\/strong> Aldar will add 33k sqm of GLA to its 132 sqm logistics facility in Abu Dhabi, the Abu Dhabi Business Hub, according to the disclosure. Etihad, <a target=\"_blank\" href=\"https:\/\/www.twofour54.com\/en\/\" style=\"\" rel=\"noopener\">Twofour54<\/a> and <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/\" style=\"\" rel=\"noopener\">Mubadala<\/a> are among Aldar\u2019s fully leased out ADBH tenants. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> This investment follows Aldar\u2019s <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-30\/aldar-sees-international-demand-for-its-first-dubai-houses\" style=\"\" rel=\"noopener\">launch<\/a> of Haven, the first of its three inaugural Dubai real estate projects, in October last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aldar\u2019s Dubai logistics foray to attract demand for DIP:<\/strong> \u201cAvailable greenfield areas within DIP already have a significant premium to the market average, and Aldar coming in could make for some more investment plays,\u201d <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/property\/abu-dhabis-aldar-makes-first-logistics-real-estate-buy-in-dubai---at-dubai-investments-park-1.1704776649746\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports, citing an analyst. \u201cLogistics and warehousing assets in Dubai and UAE have had three years of high demand, this growth will have more runway by the looks of it,\u201d the analyst added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aldar is looking to diversify its portfolio in 2024: <\/strong>\u201cAsset and geographic diversification are core tenets of our growth strategy, and logistics is becoming an important asset class for Aldar. We are experiencing particularly strong demand for high-grade facilities in the UAE, driven by robust intra-regional trade, high-quality infrastructure, and an expanding digital economy,\u201d Aldar CEO Talal Al Dhiyebi said. The developer <a target=\"_blank\" href=\"https:\/\/www.aldar.com\/en\/news-and-media\/aldar-investment-launches-logistics-real-estate-vertical\" style=\"\" rel=\"noopener\">acquired<\/a> a 70% majority stake in <a target=\"_blank\" href=\"https:\/\/adbhub.com\/\" style=\"\" rel=\"noopener\">Abu Dhabi Business Hub<\/a> (ADBH) back in 2022, marking its foray into the sector. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aldar-properties\/\">Aldar Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"87151\" 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=\"87151\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/gulf-capital-offloads-stake-in-amcan\/\">\r\n                            Gulf Capital offloads its full stake AmCan                        <\/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\/2024\/01\/10\/gulf-capital-offloads-stake-in-amcan\/\" 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\/2024\/01\/10\/gulf-capital-offloads-stake-in-amcan\/')\">\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\/2024\/01\/10\/gulf-capital-offloads-stake-in-amcan\/\">\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=Gulf Capital offloads stake in AmCan&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/gulf-capital-offloads-stake-in-amcan\/\">\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\/2024\/01\/10\/gulf-capital-offloads-stake-in-amcan\/&title=Gulf Capital offloads stake in AmCan\">\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=Gulf+Capital+offloads+stake+in+AmCan+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F10%2Fgulf-capital-offloads-stake-in-amcan%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\/2024\/01\/10\/gulf-capital-offloads-stake-in-amcan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/541.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87152\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/gulf-capital-offloads-stake-in-amcan\/541-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/541.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"541.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/541.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/541.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87151\" class=\"content-area-description single-story post-87151 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-amcan tag-divestment-watch tag-enterpriseam-uae tag-gulf-capital tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.6daad22e-4b9e-4b7c-ae53-cfccfcb03047.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gulf Capital exits stage left from AmCan:<\/strong> Abu Dhabi-based private equity giant GulfCapital sold off its controlling stake in sports nutrition and healthy foods distribution company <a target=\"_blank\" href=\"https:\/\/amcangroup.com\/\" style=\"\" rel=\"noopener\">AmCan<\/a> to an unnamed MENA-based FMCG distributor, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/519.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The transaction marked a \u201chighly profitable\u201d exit from the alternative asset manager\u2019s third buyout fund, GC Equity Partners III, the press release said, without disclosing the exact value of the transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Gulf Capital closed its USD 750 mn (AED 2.76 bn) GC Equity Partners III Fund in <a target=\"_blank\" href=\"https:\/\/www.gulfcapital.com\/2014\/10\/19\/gulf-capital-closes-its-heavily-oversubscribed-third-private-equity-flagship-fund-at-us750-million-aed-2-76-billion\/\" style=\"\" rel=\"noopener\">2014<\/a>. The fund was used to invest in AmCan in 2016.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is not Gulf Capital\u2019s first exit from a food distribution company: <\/strong>Back in 2022, Gulf Capital sold off 100% of <a target=\"_blank\" href=\"https:\/\/chefmiddleeast.com\/\" style=\"\" rel=\"noopener\">Chef Middle East<\/a> to Nasdaq-listed specialty food distributor <a target=\"_blank\" href=\"https:\/\/www.chefswarehouse.com\/\" style=\"\" rel=\"noopener\">the Chefs\u2019 Warehouse<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.gulfcapital.com\/2022\/11\/02\/gulf-capital-sells-100-of-chef-middle-east-to-nasdaq-listed-the-chefs-warehouse-nasdaq-chef-for-c-us-100-million-in-an-exit-that-generates-2-5x-returns\/\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Throughout the seven years of Gulf Capital\u2019s ownership, AmCan saw a 50% increase in both revenues and <\/strong><strong>gross margin<\/strong>, achieved through geographic expansion, optimization of distribution channels, and the introduction of new brands and products. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cThis control growth buyout with a deep focus on operational improvement and earnings growth, followed by a highly successful sale to a regional strategic buyer, is a great illustration of Gulf Capital\u2019s unique investment strategy in our high growth region,\u201d Gulf Capital CEO Karim El Solh said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors:<\/strong> Global Gate Capital, Eversheds Sutherland, and PwC provided counsel to Gulf Capital for the transaction, while Nucleus Consulting and Ashurst advised the buyer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expect further exits from Gulf Capital in the near future:<\/strong> Gulf Capital is looking to exit from AmCan\u2019s sister company, sports e-commerce platform <a target=\"_blank\" href=\"https:\/\/www.sporter.com\/en-ae\/\" style=\"\" rel=\"noopener\">Sporter.com<\/a>, AmCan\u2019s sister company, within the next two to three years after concluding its work on the company\u2019s growth and runway plans, El Solh told Enterprise. The PE firm is also planning a few more exits in 2024, El Solh added. Gulf Capital acquired a controlling stake in Sporter.com <a target=\"_blank\" href=\"https:\/\/www.gulfcapital.com\/2016\/11\/14\/gulf-capital-acquires-a-controlling-stake-in-sporter-com-the-leading-online-retailer-of-sports-and-nutrition-supplements-in-the-gcc\/\" style=\"\" rel=\"noopener\">back in 2016<\/a> alongside AmCan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Gulf Capital:<\/strong> The asset management firm focuses primarily on late-stage control buy-outs, growth capital, private debt and real estate projects in the Middle East region. The company currently holds some USD 2.5 bn in assets under management.<\/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\/amcan\/\">AmCan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/divestment-watch\/\">Divestment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gulf-capital\/\">Gulf Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87153\" 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=\"87153\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/alpha-dhabi-transfers-25-stake-in-gordon-technologies-to-its-jv-with-adnoc-drilling\/\">\r\n                            Adnoc Drilling + Alpha Dhabi JV makes its first investment                        <\/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\/2024\/01\/10\/alpha-dhabi-transfers-25-stake-in-gordon-technologies-to-its-jv-with-adnoc-drilling\/\" 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\/2024\/01\/10\/alpha-dhabi-transfers-25-stake-in-gordon-technologies-to-its-jv-with-adnoc-drilling\/')\">\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\/2024\/01\/10\/alpha-dhabi-transfers-25-stake-in-gordon-technologies-to-its-jv-with-adnoc-drilling\/\">\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=Alpha Dhabi transfers 25% stake in Gordon Technologies to its JV with Adnoc Drilling&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/alpha-dhabi-transfers-25-stake-in-gordon-technologies-to-its-jv-with-adnoc-drilling\/\">\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\/2024\/01\/10\/alpha-dhabi-transfers-25-stake-in-gordon-technologies-to-its-jv-with-adnoc-drilling\/&title=Alpha Dhabi transfers 25% stake in Gordon Technologies to its JV with Adnoc Drilling\">\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=Alpha+Dhabi+transfers+25%25+stake+in+Gordon+Technologies+to+its+JV+with+Adnoc+Drilling+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F10%2Falpha-dhabi-transfers-25-stake-in-gordon-technologies-to-its-jv-with-adnoc-drilling%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\/2024\/01\/10\/alpha-dhabi-transfers-25-stake-in-gordon-technologies-to-its-jv-with-adnoc-drilling\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/544.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87154\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/alpha-dhabi-transfers-25-stake-in-gordon-technologies-to-its-jv-with-adnoc-drilling\/544-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/544.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"544.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/544.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/544.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87153\" class=\"content-area-description single-story post-87153 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-adnoc-drilling tag-alpha-dhabi tag-enterpriseam-uae tag-gordon-technologies tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.6daad22e-4b9e-4b7c-ae53-cfccfcb03047.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Alpha Dhabi transfers USD 180 mn stake in Gordon Technologies to its JV with<\/strong><strong>Adnoc <\/strong><strong>Drilling:<\/strong><a target=\"_blank\" href=\"https:\/\/alphadhabi.com\/home\/\" style=\"\" rel=\"noopener\">Alpha Dhabi<\/a> transferred its 25% stake in <a target=\"_blank\" href=\"https:\/\/gordontechnologiesllc.com\/\" style=\"\" rel=\"noopener\">Gordon Technologies<\/a>, a prominent US-based provider of measurement while drilling (MWD) technology, valued at around USD 180 mn, to its recently formed JV with Adnoc Drilling, according to a <a target=\"_blank\" href=\"https:\/\/adnocdrilling.ae\/en\/news-and-media\/news-releases\/2024\/adnoc-drilling-and-alpha-dhabi-joint-venture\" style=\"\" rel=\"noopener\">press release<\/a>. This marks the JV\u2019s first strategic investment since its launch this past November.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI:<\/strong> Adnoc Drilling and Alpha Dhabi Holding <a target=\"_blank\" href=\"https:\/\/alphadhabi.com\/press_release\/adnoc-drilling-and-alpha-dhabi-to-establish-strategic-partnership\/\" style=\"\" rel=\"noopener\">formed a joint venture<\/a> committing up to USD 1.5 bn for global investments in energy technology and the enhancement of tech-enabled energy services. Adnoc Drilling holds a 51% majority share in the JV, with Alpha Dhabi owning the remaining 49%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Financials:<\/strong> Gordon\u2019s \u201clack of financial leverage\u201d means it can free up profitability, valuation multiples, cashflow, and dividend potential, the disclosure said. Gordon is projected to rake in more than USD 230 mn in revenues in FY 2023, with a cashflow yield exceeding 10% for the same period, the press release added.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-drilling\/\">Adnoc Drilling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/alpha-dhabi\/\">Alpha Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gordon-technologies\/\">Gordon Technologies<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87155\" 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=\"87155\">\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\">CRYPTO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/phoenix-subsidiary-buys-btc-mining-machines-from-bitmain-to-boost-hashing-power\/\">\r\n                            Phoenix subsidiary buys Bitcoin mining machines from Bitmain to boost hashing power                        <\/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\/2024\/01\/10\/phoenix-subsidiary-buys-btc-mining-machines-from-bitmain-to-boost-hashing-power\/\" 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\/2024\/01\/10\/phoenix-subsidiary-buys-btc-mining-machines-from-bitmain-to-boost-hashing-power\/')\">\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\/2024\/01\/10\/phoenix-subsidiary-buys-btc-mining-machines-from-bitmain-to-boost-hashing-power\/\">\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=Phoenix subsidiary buys BTC mining machines from Bitmain to boost hashing power&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/phoenix-subsidiary-buys-btc-mining-machines-from-bitmain-to-boost-hashing-power\/\">\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\/2024\/01\/10\/phoenix-subsidiary-buys-btc-mining-machines-from-bitmain-to-boost-hashing-power\/&title=Phoenix subsidiary buys BTC mining machines from Bitmain to boost hashing power\">\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=Phoenix+subsidiary+buys+BTC+mining+machines+from+Bitmain+to+boost+hashing+power+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F10%2Fphoenix-subsidiary-buys-btc-mining-machines-from-bitmain-to-boost-hashing-power%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\/2024\/01\/10\/phoenix-subsidiary-buys-btc-mining-machines-from-bitmain-to-boost-hashing-power\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/603.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87156\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/phoenix-subsidiary-buys-btc-mining-machines-from-bitmain-to-boost-hashing-power\/603-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/603.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"603.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/603.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/603.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87155\" class=\"content-area-description single-story post-87155 post type-post status-publish format-standard has-post-thumbnail hentry category-crypto tag-crypto tag-enterpriseam-uae tag-investment-watch tag-ma-watch tag-phoenix-group wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.6daad22e-4b9e-4b7c-ae53-cfccfcb03047.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Phoenix subsidiary buys USD 187 mn worth of BTC mining machines: <\/strong>A unit of UAE-based crypto conglomerate <a target=\"_blank\" href=\"https:\/\/phoenixgroupuae.com\/\" style=\"\" rel=\"noopener\">Phoenix Group<\/a> has bought Bitcoin mining machines from <a target=\"_blank\" href=\"https:\/\/www.bitmain.com\/\" style=\"\" rel=\"noopener\">Bitmain Development<\/a> at a total cost of USD 187 mn, according to an <a target=\"_blank\" href=\"https:\/\/adxservices.adx.ae\/cdn\/contentdownload.aspx?doc=3027343\" style=\"\" rel=\"noopener\">ADX disclosure<\/a>. The acquisition will substantially boost Phoenix\u2019s hashing power substantially. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Investor appetite was strong for Phoenix\u2019s ADX debut in December, with shares <a target=\"_blank\" href=\"https:\/\/inktankcommunications.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=fa906316bb&e=2a3f919c25\" style=\"\" rel=\"noopener\">soaring 35%<\/a> on the first day of trading. The company owns 23 businesses and nine mining facilities in the US, Canada, CIS, and the UAE, with a USD 2 bn crypto mining farm in the UAE, <a target=\"_blank\" href=\"https:\/\/inktankcommunications.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=6b731f5598&e=2a3f919c25\" style=\"\" rel=\"noopener\">one of the largest<\/a> in the Middle East.<\/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\/crypto\/\">CRYPTO<\/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\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/phoenix-group\/\">Phoenix Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87157\" 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=\"87157\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/q-holding-appoints-new-leadership\/\">\r\n                            Q Holding appoints new chairman, MD                        <\/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\/2024\/01\/10\/q-holding-appoints-new-leadership\/\" 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\/2024\/01\/10\/q-holding-appoints-new-leadership\/')\">\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\/2024\/01\/10\/q-holding-appoints-new-leadership\/\">\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=Q Holding appoints new leadership&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/q-holding-appoints-new-leadership\/\">\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\/2024\/01\/10\/q-holding-appoints-new-leadership\/&title=Q Holding appoints new leadership\">\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=Q+Holding+appoints+new+leadership+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F10%2Fq-holding-appoints-new-leadership%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\/2024\/01\/10\/q-holding-appoints-new-leadership\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/577.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87158\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/q-holding-appoints-new-leadership\/577-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/577.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"577.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/577.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/577.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87157\" class=\"content-area-description single-story post-87157 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-uae tag-ihc tag-moves tag-q-holding wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.6daad22e-4b9e-4b7c-ae53-cfccfcb03047.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More fresh faces added to Q Holding\u2019s management: <\/strong>IHC subsidiary Q Holding has anumber of senior management appointments, including a new chairman and managing director, the company said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/572.pdf\" style=\"\" rel=\"noopener\">ADX filing (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The real estate firmelected <strong>Jassem Al Zaabi<\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/jassem-al-zaabi-35814221\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as its<strong> chairman<\/strong>, succeeding Abdulla Mohamed Butti Al Hamed. Al Zaabi also serves as chairman of Abu Dhabi\u2019s Department of Finance, the Supreme Council for Financial and Economic Affairs\u2019 secretary general, and is a member of Abu Dhabi Investment Authority\u2019s (ADIA) board. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Q holding also appointed<\/strong><strong> Abdullah Al Sahi <\/strong><strong>as its<\/strong><strong>group managing director.<\/strong> Q Holding named Bill O\u2019Regan (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/billoregan\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as group CEO <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/573.pdf\" style=\"\" rel=\"noopener\">last week (pdf)<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ihc\/\">IHC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/q-holding\/\">Q Holding<\/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=\"87159\" 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=\"87159\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">TRENDING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/mbz-gets-plenty-of-attention-on-uae-x\/\">\r\n                            MbZ gets plenty of attention on UAE X                        <\/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\/2024\/01\/10\/mbz-gets-plenty-of-attention-on-uae-x\/\" 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\/2024\/01\/10\/mbz-gets-plenty-of-attention-on-uae-x\/')\">\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\/2024\/01\/10\/mbz-gets-plenty-of-attention-on-uae-x\/\">\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=MbZ gets plenty of attention on UAE X&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/mbz-gets-plenty-of-attention-on-uae-x\/\">\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\/2024\/01\/10\/mbz-gets-plenty-of-attention-on-uae-x\/&title=MbZ gets plenty of attention on UAE X\">\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=MbZ+gets+plenty+of+attention+on+UAE+X+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F10%2Fmbz-gets-plenty-of-attention-on-uae-x%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\/2024\/01\/10\/mbz-gets-plenty-of-attention-on-uae-x\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/627.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87160\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/mbz-gets-plenty-of-attention-on-uae-x\/627-jpeg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/627.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"627.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/627.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/627.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87159\" class=\"content-area-description single-story post-87159 post type-post status-publish format-standard has-post-thumbnail hentry category-trending tag-enterpriseam-uae tag-india tag-mohamed-bin-zayed-al-nahyan tag-narendra-modi tag-trending wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.6daad22e-4b9e-4b7c-ae53-cfccfcb03047.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%22UAE%20President%22&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">UAE President<\/a><\/strong><strong> is trending on X: <\/strong>President Mohamed bin Zayed Al Nahyan was trending yesterday on X as he visited Azerbaijan and India. The president and Indian PM Narendra Modi are holding a roadshow in Ahmedabad ahead of the <a target=\"_blank\" href=\"https:\/\/www.vibrantgujarat.com\/\" style=\"\" rel=\"noopener\">Vibrant Gujarat Global Summit<\/a>. We have more on the visit in Diplomacy, below.<\/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\/india\/\">India<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mohamed-bin-zayed-al-nahyan\/\">Mohamed bin Zayed Al Nahyan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/narendra-modi\/\">Narendra Modi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trending\/\">TRENDING<\/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=\"87161\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/43010.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20607.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Rise every day<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/43009.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20617.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87162\" 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=\"87162\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/ice-from-greenland-direct-to-your-cocktail-glass-ihc-makes-headlines\/\">\r\n                            Ice from Greenland, direct to your cocktail glass + IHC makes headlines                        <\/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\/2024\/01\/10\/ice-from-greenland-direct-to-your-cocktail-glass-ihc-makes-headlines\/\" 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\/2024\/01\/10\/ice-from-greenland-direct-to-your-cocktail-glass-ihc-makes-headlines\/')\">\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\/2024\/01\/10\/ice-from-greenland-direct-to-your-cocktail-glass-ihc-makes-headlines\/\">\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=Ice from Greenland, direct to your cocktail glass + IHC makes headlines&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/ice-from-greenland-direct-to-your-cocktail-glass-ihc-makes-headlines\/\">\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\/2024\/01\/10\/ice-from-greenland-direct-to-your-cocktail-glass-ihc-makes-headlines\/&title=Ice from Greenland, direct to your cocktail glass + IHC makes headlines\">\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=Ice+from+Greenland%2C+direct+to+your+cocktail+glass+%2B+IHC+makes+headlines+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F10%2Fice-from-greenland-direct-to-your-cocktail-glass-ihc-makes-headlines%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\/2024\/01\/10\/ice-from-greenland-direct-to-your-cocktail-glass-ihc-makes-headlines\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/606.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87163\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/ice-from-greenland-direct-to-your-cocktail-glass-ihc-makes-headlines\/606-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/606.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"606.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/606.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/606.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87162\" class=\"content-area-description single-story post-87162 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-enterpriseam-uae tag-greenland tag-ihc tag-uae-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.6daad22e-4b9e-4b7c-ae53-cfccfcb03047.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The foreign press had very little to say about the UAE<\/strong>, save for <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2024\/jan\/09\/greenland-startup-shipping-glacier-ice-cocktail-bars-uae-arctic-ice\" style=\"\" rel=\"noopener\">The Guardian<\/a> \u2019s feature on environmentally friendly ancient glacier ice from Greenland arriving for exclusive bars in the UAE and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/breakingviews\/abu-dhabis-new-spinoff-raises-familiar-questions-2024-01-08\/\" style=\"\" rel=\"noopener\">Reuters\u2019<\/a> deep dive into the country\u2019s largest listed company. <\/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\/greenland\/\">Greenland<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ihc\/\">IHC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-in-the-news\/\">UAE IN THE NEWS<\/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=\"87164\" 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=\"87164\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/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\/2024\/01\/10\/aramex-has-a-new-partner-on-cargo-in-oman-uae-plus-al-futtaim-meets-ul-alec-boasts-150-growth-first-successful-liver-transplant-in-dubai\/\">\r\n                            Aramex has a new partner on cargo in Oman, UAE. Plus: Al Futtaim meets UL + ALEC boasts 150% growth + First successful liver transplant in Dubai                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/aramex-has-a-new-partner-on-cargo-in-oman-uae-plus-al-futtaim-meets-ul-alec-boasts-150-growth-first-successful-liver-transplant-in-dubai\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/aramex-has-a-new-partner-on-cargo-in-oman-uae-plus-al-futtaim-meets-ul-alec-boasts-150-growth-first-successful-liver-transplant-in-dubai\/')\">\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\/2024\/01\/10\/aramex-has-a-new-partner-on-cargo-in-oman-uae-plus-al-futtaim-meets-ul-alec-boasts-150-growth-first-successful-liver-transplant-in-dubai\/\">\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=Aramex has a new partner on cargo in Oman, UAE. Plus: Al Futtaim meets UL + ALEC boasts 150% growth + First successful liver transplant in Dubai&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/aramex-has-a-new-partner-on-cargo-in-oman-uae-plus-al-futtaim-meets-ul-alec-boasts-150-growth-first-successful-liver-transplant-in-dubai\/\">\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\/2024\/01\/10\/aramex-has-a-new-partner-on-cargo-in-oman-uae-plus-al-futtaim-meets-ul-alec-boasts-150-growth-first-successful-liver-transplant-in-dubai\/&title=Aramex has a new partner on cargo in Oman, UAE. Plus: Al Futtaim meets UL + ALEC boasts 150% growth + First successful liver transplant in Dubai\">\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=Aramex+has+a+new+partner+on+cargo+in+Oman%2C+UAE.+Plus%3A+Al+Futtaim+meets+UL+%2B+ALEC+boasts+150%25+growth+%2B+First+successful+liver+transplant+in+Dubai+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F10%2Faramex-has-a-new-partner-on-cargo-in-oman-uae-plus-al-futtaim-meets-ul-alec-boasts-150-growth-first-successful-liver-transplant-in-dubai%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\/2024\/01\/10\/aramex-has-a-new-partner-on-cargo-in-oman-uae-plus-al-futtaim-meets-ul-alec-boasts-150-growth-first-successful-liver-transplant-in-dubai\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/625.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87165\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/aramex-has-a-new-partner-on-cargo-in-oman-uae-plus-al-futtaim-meets-ul-alec-boasts-150-growth-first-successful-liver-transplant-in-dubai\/625-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/625.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"625.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/625.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/625.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87164\" class=\"content-area-description single-story post-87164 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-al-futtaim tag-alec tag-also-on-our-radar tag-aramex tag-enterpriseam-uae tag-odys tag-ul-solutions wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.6daad22e-4b9e-4b7c-ae53-cfccfcb03047.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">LOGISTICS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Odys aviation + Aramex partner on cargo operations in Oman and UAE:<\/strong>Dubai-based multinational logistics, courier and package delivery company <a target=\"_blank\" href=\"https:\/\/www.aramex.com\/us\/en\" style=\"\" rel=\"noopener\">Aramex<\/a> will partner with US-based eVOTL manufacturer <a target=\"_blank\" href=\"https:\/\/www.odysaviation.com\" style=\"\" rel=\"noopener\">Odys Aviation<\/a> to explore developing unmanned aerial vehicle (UAV) cargo delivery in the UAE, Oman, and the wider region, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/odys-aviation-and-aramex-announce-partnership-to-develop-cargo-operations-in-the-united-arab-emirates-and-oman-d6331abq\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details:<\/strong> The collaboration will explore autonomous logistics programs, with a view to eventually introducing both short-haul and long-range cargo flights operating with Aramex\u2019s fleet management capacity and Odys Aviation cargo aircraft, according to Aramex Chief Operating Officer Alaa Saoudi. Aramex will support pilot training and test flight programs. The pair will create a concept of operations to ensure Odys Aviation\u2019s aircrafts will be tailored to serve specific local environments.<\/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\">CONSTRUCTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Al Futtaim Engineering & Technologies + UL Solutions partner:<\/strong><a target=\"_blank\" href=\"https:\/\/www.alfuttaim.com\/\" style=\"\" rel=\"noopener\">Al Futtaim<\/a> \u2019s engineering and technologies section inked an agreement with global safety science firm <a target=\"_blank\" href=\"https:\/\/www.ul.com\/solutions\" style=\"\" rel=\"noopener\">UL Solutions<\/a> to exchange expertise and capabilities, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/al-futtaim-engineering-and-technologies-signs-a-strategic-partnership-with-ul-solutions-x3avqnmk\" style=\"\" rel=\"noopener\">press release<\/a>. Al Futtaim signed on as an official UL Solutions SPIRE-qualified assessment firm as part of the agreement, allowing it to receive assessments, ratings, and suggestions for performance improvements from UL Solutions smart building experts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dubai-based ALEC posts 150% growth in KSA:<\/strong><a target=\"_blank\" href=\"https:\/\/alec-website-project-alpha.webflow.io\/about\" style=\"\" rel=\"noopener\">ALEC Engineering and Contracting<\/a> (ALEC), one of Investment Corporation of Dubai\u2019s (ICD) construction arms, recorded 150% y-o-y growth in Saudi Arabia in 2023, <a target=\"_blank\" href=\"https:\/\/www.cbnme.com\/news\/construction-powerhouse-alec-plans-additional-investment-and-expansion-in-2024-after-achieving-150-yoy-growth-in-saudi-arabia\/\" style=\"\" rel=\"noopener\">Construction Business News<\/a> reports. The company said that it achieved record growth on the back of a few iconic projects, rather than volume. ALEC currently has four projects in Saudi Arabia, worth over USD 5.3 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Merchants and customers using Egyptian fintech Paymob will now have access to <\/strong><strong>payments <\/strong><strong>platform Tamara\u2019s buy now pay later service<\/strong> as part of a partnership between the two companies, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/paymob-and-tamara-partner-to-power-gcc-smes-d827key5\" style=\"\" rel=\"noopener\">press release<\/a>. The partnership integrates Tamara\u2019s buy now, pay later (BNPL) service with Paymob's payment gateways to allow customers to split their payments into four installments without incurring fees or interest. The new integration will be available to users in the UAE and KSA in an initial phase, before it\u2019s rolled out to other countries at later stages.<\/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\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- UAE-based developer Binghatti Properties purchased a land plot in Dubai\u2019s <\/strong><strong>Business <\/strong><strong>Bay for AED 365 mn<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/uae-developer-binghatti-pays-99mln-for-dubai-plot-ntfhq5jx\" style=\"\" rel=\"noopener\">Zawya<\/a> reports. The Business Bay is already host to two of Binghatti's flagship projects, Bugatti Residences and Burj Binghatti Jacob & Co Residences. Last month, the developer unveiled Mercedes-Benz Places by Binghatti in Downtown Dubai. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- RAK launches a new Hayat Island hotel:<\/strong> Ras Al Khaimah\u2019s ADX-listed property developer RAK Property unveiled its new hotel, Quattro Del Mar, located on Hayat Island in Mina Al Arab, Ras Al Khaimah, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/578.pdf\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p class=\"tag-border-left\">EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE + Indonesian universities eye cooperation:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.mbzuh.ac.ae\/en\/\" style=\"\" rel=\"noopener\">Mohamed Bin Zayed University<\/a><a target=\"_blank\" href=\"https:\/\/www.mbzuh.ac.ae\/en\/\" style=\"\" rel=\"noopener\">for Humanities<\/a> and the <a target=\"_blank\" href=\"https:\/\/uinsu.ac.id\/\" style=\"\" rel=\"noopener\">State Islamic University of North Sumatra<\/a> in Indonesia inked an MoU, aiming to facilitate exchange programs for academic staff and calling for joint co-curricular activities in education and teaching, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/mohamed-bin-zayed-university-for-humanities-and-state-islamic-university-of-north-sumatra-sign-strategic-partnership-o3lywvy8\" style=\"\" rel=\"noopener\">press release<\/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\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>First successful liver transplant happens in Dubai: <\/strong>King\u2019s College Hospitalcompleted Dubai\u2019s first successful liver transplantation on a 38-year-old woman in Dubai, rounding off a four-hour long procedure established under the Hayat Organ Donation program, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dubais-first-liver-transplantation-performed-at-kings-college-hospital-signals-new-era-in-healthcare-pfuabeok\" style=\"\" rel=\"noopener\">press release<\/a>. The hospital is the sole licensed facility for liver transplantation by the Dubai Healthcare Authority (DHA). The UAE has the fastest growth rate of post-mortem organ donation globally, the press release said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sovereign wealth fund ADQ-backed Philippines-based fintech firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/salmon.ph\/\" style=\"\" rel=\"noopener\">Salmon<\/a><\/strong><strong> will <\/strong><strong>acquire a <\/strong><strong>59.7% stake in the Rural Bank of Sta. Rosa (Laguna)<\/strong> after receiving regulatory approval from the Monetary Board of the Bangko Sentral ng Pilipinas (BSP), according to a <a target=\"_blank\" href=\"https:\/\/salmon.ph\/tpost\/nl2xgbigr1-salmon-becomes-a-licensed-bank-in-the-ph\" style=\"\" rel=\"noopener\">press release<\/a>. The acquisition will help Salmon provide nationwide AI-based consumer debit and credit products.<\/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\/al-futtaim\/\">Al Futtaim<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/alec\/\">ALEC<\/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\/aramex\/\">Aramex<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/odys\/\">Odys<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ul-solutions\/\">UL Solutions<\/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=\"87166\" 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=\"87166\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/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\/2024\/01\/10\/saudi-arabia-raises-usd-12-bn-in-largest-bond-sale-since-2017\/\">\r\n                            Saudi Arabia raises USD 12 bn in largest bond sale since 2017                        <\/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\/2024\/01\/10\/saudi-arabia-raises-usd-12-bn-in-largest-bond-sale-since-2017\/\" 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\/2024\/01\/10\/saudi-arabia-raises-usd-12-bn-in-largest-bond-sale-since-2017\/')\">\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\/2024\/01\/10\/saudi-arabia-raises-usd-12-bn-in-largest-bond-sale-since-2017\/\">\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=Saudi Arabia raises USD 12 bn in largest bond sale since 2017&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/saudi-arabia-raises-usd-12-bn-in-largest-bond-sale-since-2017\/\">\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\/2024\/01\/10\/saudi-arabia-raises-usd-12-bn-in-largest-bond-sale-since-2017\/&title=Saudi Arabia raises USD 12 bn in largest bond sale since 2017\">\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=Saudi+Arabia+raises+USD+12+bn+in+largest+bond+sale+since+2017+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F10%2Fsaudi-arabia-raises-usd-12-bn-in-largest-bond-sale-since-2017%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\/2024\/01\/10\/saudi-arabia-raises-usd-12-bn-in-largest-bond-sale-since-2017\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/634.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87167\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/saudi-arabia-raises-usd-12-bn-in-largest-bond-sale-since-2017\/634-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/634.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"634.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/634.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/634.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87166\" class=\"content-area-description single-story post-87166 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-debt tag-enterpriseam-uae tag-financial-markets tag-planet-finance tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.6daad22e-4b9e-4b7c-ae53-cfccfcb03047.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Saudi Arabia made its biggest bond sale since 2017 yesterday<\/strong>,raising USD 12bn, according to a <a target=\"_blank\" href=\"https:\/\/ndmc.gov.sa\/en\/mediacenter\/news\/Pages\/News_09012024.aspx\" style=\"\" rel=\"noopener\">statement<\/a> from the National Debt Management Center. The issuance was 2.5x oversubscribed and the kingdom received orders totalling USD 30 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why did Saudi Arabia tap the debt market?<\/strong> With oil prices trading lower relative to the budget needs of the country \u2014 whose economy relies heavily on oil \u2014 it needed to tap another funding source to back its ambitious projects pushed by Crown Prince Mohammed bin Salman, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-09\/saudi-arabia-borrows-12-billion-as-em-nations-load-up-on-bonds?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> wrote. Last week, Saudi Arabia estimated its funding needs for 2024 at roughly SAR 86 bn (USD 23 bn), its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/520.pdf\" style=\"\" rel=\"noopener\">annual borrowing plan (pdf)<\/a> showed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH MENTIONING-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Eurozone unemployment slips back to record low: <\/strong>Unemployment in the eurozonefell back to 6.4% in November from 6.5% the month before \u2014 a drop that could complicate widely expected rate cuts by the European Central Bank as wage growth could elevate prices. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2c66254f-54e7-46d2-8c7b-fcd9862f9cf4\" style=\"\" rel=\"noopener\">Financial Times<\/a>)<\/p>\n<p><a target=\"_blank\" id=\"t.2cfa4e2cc46cf5abb26e49c9bd9d732d38931339\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,767<\/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: +2.0%)<\/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>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\">4,118<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: +1.4%)<\/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>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\">3,894<\/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: +1.3%)<\/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:1.0;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.centralbank.ae\/en\/forex-eibor\/exchange-rates\/\" style=\"\" rel=\"noopener\">USD : AED<\/a><\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.0% 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\">5.1% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,198<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +1.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">25,590<\/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: +2.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,756<\/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: -0.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,684<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: -0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,467<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: -1.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 77.59<\/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\">+1.9%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.19<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+7.0%<\/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>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 2,033.00<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 45,715.90<\/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\">-2.7% (YTD: +10.4%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.7% yesterday<\/strong> on turnover of AED 401.03 mn. The index is up 1.4% 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>BHM Capital Financial Services (+14.5%), International Financial Advisors (+11.2%) and Shuaa Capital (+9.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>National International Holding Company (-6.5%), Al Salam Sudan (-4.8%) and Al Salam Bank (-1.8%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.6% yesterday<\/strong> on turnover of AED 1.35 bn. The index is up 2.0% YTD.<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/saudi-arabia\/\">Saudi Arabia<\/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=\"87168\" 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=\"87168\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/azerbaijan-and-mongolia-mous-winter-aid-to-gaza\/\">\r\n                            Azerbaijan and Mongolia MoUs + Winter aid to Gaza                        <\/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\/2024\/01\/10\/azerbaijan-and-mongolia-mous-winter-aid-to-gaza\/\" 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\/2024\/01\/10\/azerbaijan-and-mongolia-mous-winter-aid-to-gaza\/')\">\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\/2024\/01\/10\/azerbaijan-and-mongolia-mous-winter-aid-to-gaza\/\">\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=Azerbaijan and Mongolia MoUs + Winter aid to Gaza&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/azerbaijan-and-mongolia-mous-winter-aid-to-gaza\/\">\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\/2024\/01\/10\/azerbaijan-and-mongolia-mous-winter-aid-to-gaza\/&title=Azerbaijan and Mongolia MoUs + Winter aid to Gaza\">\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=Azerbaijan+and+Mongolia+MoUs+%2B+Winter+aid+to+Gaza+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F10%2Fazerbaijan-and-mongolia-mous-winter-aid-to-gaza%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\/2024\/01\/10\/azerbaijan-and-mongolia-mous-winter-aid-to-gaza\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/597.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87169\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/10\/azerbaijan-and-mongolia-mous-winter-aid-to-gaza\/597-jpeg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/597.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"597.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/597.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/597.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87168\" class=\"content-area-description single-story post-87168 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-azerbaijan tag-diplomacy tag-emirates-red-crescent tag-enterpriseam-uae tag-mongolia tag-palestine wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.6daad22e-4b9e-4b7c-ae53-cfccfcb03047.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE, Azerbaijan ink several MoUs:<\/strong> Officials from Azerbaijan and the UAE inked a strategic partnership between the countries during President Mohamed bin Zayed Al Nahyan\u2019s visit to the country yesterday, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b12cnbz-uae-and-azerbaijani-presidents-discuss-enhancing\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The two sides also inked agreements to expand cooperation, pledging to push investment cooperation in power transmission projects and rolling out a roadmap for Masdar\u2019s <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-signs-1gw-clean-energy-agreement-in-azerbaijan\" style=\"\" rel=\"noopener\">1 GW renewable energy project<\/a> in Azerbaijan, and deepening ties between <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/\" style=\"\" rel=\"noopener\">Adnoc<\/a> and Azerbaijan\u2019s state oil company <a target=\"_blank\" href=\"https:\/\/www.socar.az\/socar\/en\/home\" style=\"\" rel=\"noopener\">SOCAR<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The president also discussed with his Azerbaijani counterpart Ilham Aliyev strengthening economic and developmental cross-country ties<\/strong>, as well as renewable energy, culture, and education, according to Wam. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sheikh Mohamed landed in India yesterday to attend the three-day<\/strong><strong> Global Gujarat Summit<\/strong>, heading a government delegation, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b12cnnj-uae-president-arrives-india-start-working-visit\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The president is set to discuss the UAE\u2019s strategic partnership with India\u2019s Prime Minister Narendra Modi over the next two days. Investment Minister Mohamed Hassan Al Suwaidi <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b12cnz2-uae-president-and-indian-prime-minister-witness\" style=\"\" rel=\"noopener\">signed three MoUs<\/a> with India on food complex development, renewable energy, and healthcare, while DP World CEO Sultan Ahmed bin Sulayem signed an MoU on setting up \u201csustainable, green, and efficient ports.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE and Mongolia have inked a reciprocal visa exemption agreement<\/strong>, according to a Foreign Ministry <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2024\/1\/9\/9-1-2024-uae-mongolia\" style=\"\" rel=\"noopener\">statement<\/a>. Minister of State Ahmed Al Sayegh and Mongolia\u2019s Foreign Affairs Minister Battsetseg Batmunkh signed an MoU allowing UAE nationals to enter and stay in Mongolia without a visa for up to 30 days per visit. The MoU also allows for Mongolian citizens to enter the UAE without a visa, effective 28 December 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We shipped more aid to Palestine:<\/strong> The Emirates Red Crescent (ERC) dispatched 400k winter jackets, blankets, heaters, and winter gloves to Gaza through Egypt\u2019s Al Arish on Tuesday as part of the Be Their Warmth campaign, reports <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/uae\/2024\/01\/08\/uae-to-send-400000-winter-jackets-to-palestinians-in-gaza\/\" style=\"\" rel=\"noopener\">The National<\/a>. The Gallant Knight 3 mission additionally saw 1.6 mn blankets and warm clothing sent toward the besieged enclave.<\/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\/azerbaijan\/\">Azerbaijan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/emirates-red-crescent\/\">Emirates Red Crescent<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mongolia\/\">Mongolia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/palestine\/\">Palestine<\/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=\"87170\" 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\/2024\/01\/10\/87170-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87170\" class=\"content-area-description single-story post-87170 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\">JANUARY<\/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;\">8-11 January (Monday-Thursday): SteelFab 2024, Sharjah Expo Centre <\/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;\">9-11 January (Tuesday-Thursday): Dubai International Pharmaceuticals and Technologies Conference and Exhibition, Dubai World Trade Centre.<\/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;\">9-11 January (Tuesday-Thursday): Gulf Print and Pack, Dubai World Trade Centre.<\/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;\">10 January (Wednesday): Mohammed Bin Rashid Al Maktoum Creative Sports Award<\/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;\">10-11 January (Wednesday-Thursday): 1 Bn Followers social media summit, Emirates Towers and Museum of the Future, 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:400;\">15-18 January (Monday-Thursday): Dubai International Project Management Forum (DIPMF) 2024, Madinat Arena, Madinat Jumeirah. <\/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 January (Tuesday-Thursday): iFX EXPO Dubai 2024, Dubai World Trade Centre. <\/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;\">19 January (Friday): The Abu Dhabi Extreme Championship 2 (ADXC 2), Mubadala Arena. <\/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;\">21-23 January: World of Coffee Dubai, Dubai World Trade Centre.<\/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;\">23-25 January (Tuesday-Thursday): The Unmanned Systems Exhibition (UMEX) and the Simulation and Training Exhibition (SimTEX), Abu Dhabi National Exhibition Centre (ADNEC), 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;\">26-28 January: Dubai Challenge Cup<\/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 January- 1 February: Arab Health, Dubai World Trade Centre.<\/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;\">FEBRUARY<\/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;\">2-4 February (Friday-Sunday): Sharjah Classic Cars Festival. <\/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;\">12-13 February (Monday-Tuesday): Breakbulk Middle East conference, Dubai Trade Centre.<\/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;\">12-14 February (Monday-Wednesday): Sustainable Aviation Futures MENA Congress, Hotel Dubai Mall.<\/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;\">7-8 February (Wednesday-Thursday): Sharjah Investment Forum, Al Jawaher Reception and Convention Centre.<\/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;\">26-28 February (Monday-Wednesday): Management and Sustainability of Water Resources, Marriott Hotel Al Jaddaf.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 February (Monday- Thursday): World Trade <\/span><span>Organization<\/span><span style=\"font-weight:400;\"> (WTO) Ministerial Conference, ADNEC. <\/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;\">27-28 February (Tuesday-Wednesday): Dubai Association Centre Conference, Dubai World Trade Centre.<\/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;\">28-29 February (Wednesday-Thursday): Ras Al Khaimah Investment and Trade Summit, Rak Exhibition Centre.<\/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;\">28-29 February (Wednesday-Thursday): UAE delegation attends \u2018Invest in Austria\u2019 conference, Vienna.<\/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;\">28 February-1 March (Wednesday-Friday): MENA Transport Congress and Exhibition 2024, 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:400;\">Signposted to happen sometime in February:<\/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;\">World Trade Organization Ministerial Conference, Abu Dhabi, UAE.<\/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;\">MARCH<\/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;\">5-6 March (Tuesday-Wednesday): MRO Middle East, Dubai Trade Centre.<\/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;\">5-7 March (Tuesday-Thursday): World Police Summit, Dubai World Trade Centre.<\/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;\">5-8 March (Tuesday-Friday): Forbes\u2019 Third Annual 30\/50 Summit In Abu Dhabi During International Women\u2019s Day<\/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;\">12 March (Tuesday): Start of Ramadan, public holiday.<\/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;\">APRIL<\/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;\">11 April (Thursday): End of Ramadan, public holiday.<\/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;\">12 April (Friday): Eid Al-Fitr, public holiday.<\/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 April (Tuesday-Thursday): World Future Energy Summit, Abu Dhabi National Exhibition Centre.<\/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 April (Tuesday-Thursday): Middle East Coatings Show, Dubai World Trade Centre.<\/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;\">23-25 April (Tuesday-Thursday): Connecting Green Hydrogen MENA, Madinat Jumeirah Conference Centre.<\/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;\">MAY<\/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;\">8-9 May (Wednesday-Thursday): Innovative Finance Expo, Jumeirah Emirates Towers.<\/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;\">14-15 May (Tuesday-Wednesday): Seamless Middle East, Dubai World Trade Centre. <\/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;\">15 May (Wednesday): HFM Summit, 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 style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): The Hotel Show, Dubai World Trade Centre.<\/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;\">4-6 June (Tuesday-Thursday): INDEX, Dubai World Trade Centre.<\/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;\">4-6 June (Tuesday-Thursday): WORKSPACE, Dubai World Trade Centre.<\/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;\">4-6 June (Tuesday-Thursday): Leisure Show, Dubai World Trade Centre.<\/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;\">15 June (Saturday): Arafat day, national holiday.<\/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 June (Sunday-Tuesday): Eid Al-Adha, national holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">7 July (Sunday): Islamic new year, national holiday.<\/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 style=\"font-weight:400;\">9-11 September (Monday-Wednesday): World Utilities Congress, 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 style=\"font-weight:400;\">30-1 November (Wednesday-Friday): World Cities Cultural Summit, 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;\">NOVEMBER<\/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;\">11-14 November (Monday-Thursday): ADIPEC, 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;\">11-14 November (Monday-Thursday): ADIPEC Maritime and Logistics Exhibition and 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:400;\">11-14 November (Monday-Thursday): ADIPEC Decarbonisation Accelerator, 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;\">DECEMBER<\/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;\">2-3 December (Monday-Tuesday): National Day, public holiday.<\/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;\">10-12 December (Tuesday-Thursday): Middle East Business Aviation, Dubai World Central.<\/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","protected":false},"excerpt":{"rendered":"<p>World Bank bumps up 2024-25 growth forecasts | Aldar investing AED 1 bn in logistics | Gulf Capital sells AmCan stake | Five days to Davos<\/p>\n","protected":false},"featured_media":87144,"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-87143","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c22e320f-12a6-4512-b2ea-7b37ff254070","teaser":"World Bank bumps up 2024-25 growth forecasts | Aldar investing AED 1 bn in logistics | Gulf Capital sells AmCan stake | Five days to Davos","photo_url":"https:\/\/ent.news\/2024\/1\/888.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>World Bank raises UAE\u2019s 2024 + 2025 growth forecasts - 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\/world-bank-raises-uaes-2024-2025-growth-forecasts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank raises UAE\u2019s 2024 + 2025 growth forecasts\" \/>\n<meta property=\"og:description\" content=\"World Bank bumps up 2024-25 growth forecasts | Aldar investing AED 1 bn in logistics | Gulf Capital sells AmCan stake | Five days to Davos\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-14T22:56:47+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/888.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/\",\"name\":\"World Bank raises UAE\u2019s 2024 + 2025 growth forecasts - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/888.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-01-10T00:00:00+00:00\",\"dateModified\":\"2025-12-14T22:56:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/888.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/888.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/uae\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"World Bank raises UAE\u2019s 2024 + 2025 growth forecasts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"World Bank raises UAE\u2019s 2024 + 2025 growth forecasts - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/","og_locale":"en_US","og_type":"article","og_title":"World Bank raises UAE\u2019s 2024 + 2025 growth forecasts","og_description":"World Bank bumps up 2024-25 growth forecasts | Aldar investing AED 1 bn in logistics | Gulf Capital sells AmCan stake | Five days to Davos","og_url":"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/","og_site_name":"UAE","article_modified_time":"2025-12-14T22:56:47+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/888.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/","url":"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/","name":"World Bank raises UAE\u2019s 2024 + 2025 growth forecasts - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/888.jpg?fit=%2C&ssl=1","datePublished":"2024-01-10T00:00:00+00:00","dateModified":"2025-12-14T22:56:47+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/888.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/888.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/issues\/world-bank-raises-uaes-2024-2025-growth-forecasts\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/uae\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"World Bank raises UAE\u2019s 2024 + 2025 growth forecasts"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/87143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/87143\/revisions"}],"predecessor-version":[{"id":87190,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/87143\/revisions\/87190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/87144"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=87143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=87143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=87143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}