{"id":87338,"date":"2023-12-11T00:00:00","date_gmt":"2023-12-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=87338"},"modified":"2025-12-14T23:00:14","modified_gmt":"2025-12-14T23:00:14","slug":"draft-for-global-adaptation-goals-introduced-at-cop","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/draft-for-global-adaptation-goals-introduced-at-cop\/","title":{"rendered":"Draft for global adaptation goals introduced at COP"},"content":{"rendered":"<section id=\"87340\" 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=\"87340\">\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\/2023\/12\/11\/its-the-second-to-last-official-day-of-cop28\/\">\r\n                            It\u2019s the second-to-last (official) day of COP28                        <\/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\/2023\/12\/11\/its-the-second-to-last-official-day-of-cop28\/\" 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\/2023\/12\/11\/its-the-second-to-last-official-day-of-cop28\/')\">\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\/2023\/12\/11\/its-the-second-to-last-official-day-of-cop28\/\">\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=It\u2019s the second-to-last (official) day of COP28&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/its-the-second-to-last-official-day-of-cop28\/\">\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\/2023\/12\/11\/its-the-second-to-last-official-day-of-cop28\/&title=It\u2019s the second-to-last (official) day of COP28\">\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=It%E2%80%99s+the+second-to-last+%28official%29+day+of+COP28+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F11%2Fits-the-second-to-last-official-day-of-cop28%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\/2023\/12\/11\/its-the-second-to-last-official-day-of-cop28\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87340\" class=\"content-area-description single-story post-87340 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-cop28 tag-enterpriseam-uae tag-what-were-tracking-today 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\/.3a86968d-3ba7-46c8-9a74-722e20c31447.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends<\/strong>, and welcome to a new week \u2014 as well as the penultimate day of COP28.<\/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 remains the slew of agreements signed on the sidelines of <\/strong><strong>COP28<\/strong> \u2014 led once again by homegrown renewables firm Masdar \u2014 followed closely by capital markets news. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Is COP28 going into overtime?<\/strong> It\u2019s the next-to-last (regularly scheduled) day of the event \u2014 but there are signs the gathering may need to go into overtime to hammer out a final agreement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What gives? Two things. First: <\/strong>Saudi Arabia and other hydrocarbon producers are digging in their heels, refusing to accept text that speaks to a <strong>phase-out of oil and gas<\/strong>. On the other side of the ring, International Energy Agency (IEA) chief Fatih Birol is demanding delegates reach a consensus on an \u201corderly and just decline in fossil fuels in line with our international climate goals\u201d before the summit wraps up,\u201d he told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/08e08334-f637-4a4f-8374-3f6c24ba7dd2\" style=\"\" rel=\"noopener\">Financial Times<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Second: <\/strong>And some developing countries think text on <strong>funding for climate adaptation<\/strong> is \u201cweak.\u201d The UN Environment Program has already identified an adaptation funding gap of around <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/2023\/nov\/02\/action-to-protect-against-climate-crisis-woefully-inadequate-un-warns\" style=\"\" rel=\"noopener\">USD 387 bn<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- We\u2019re going to be handing over the COP presidency to Baku:<\/strong> Azerbaijan is set to host COP29 after the Eastern European bloc agreed to have its capital city Baku as the host of the UN climate summit, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-09\/cop28-azerbaijan-to-be-confirmed-as-host-of-cop29-with-russia-s-backing?srnd=green&leadSource=uverify%20wall\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported on Saturday. The petrostate won <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/azerbaijan-says-overall-consensus-baku-hosting-cop29-2023-12-09\/\" style=\"\" rel=\"noopener\">backing<\/a> from the 23 members of the Eastern European bloc after it pushed Armenia to <a target=\"_blank\" href=\"https:\/\/caspiannews.com\/news-detail\/azerbaijan-armenia-forge-historic-rapprochement-with-joint-statement-2023-12-9-0\/#:~:text=Armenian%20authorities%20withdrew%20the%20country%E2%80%99s%20candidacy%20for%20hosting%20the%20upcoming%20COP29%20Summit%20to%20support%20Azerbaijan%E2%80%99s%20bid%20for%20the%20same%20status.%20In%20response%2C%20the%20government%20of%20Azerbaijan%20announced%20its%20support%20for%20Armenia%E2%80%99s%20candidature%20for%20Eastern%20European%20Group%20COP%20Bureau%20membership.\" style=\"\" rel=\"noopener\">withdraw<\/a> its own bid. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Sharjah voting wraps: <\/strong>Sharjah\u2019s Consultative Council elections closed last week, with 25 candidates voted in to fill half of the council\u2019s seats, according to <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/uae\/government\/sharjah-council-elections-record-87-per-cent-voters-turn-out-1.99835961\" style=\"\" rel=\"noopener\">Gulf News<\/a>, which has the full rundown of the appointments. The elections saw an 87% turnout, with 97% opting for electronic voting. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a>  <strong>The UAE secured the 31st position globally in Whiteshield's inaugural Global <\/strong><strong>Trade Resilience Index (GTRI 2023)<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/uae-ranked-first-among-arabic-countries-in-whiteshield-inaugural-global-trade-resilience-index-nh1uklfp\" style=\"\" rel=\"noopener\">press release<\/a>. The UAE and the top spot among Arab countries in the rankings. Whiteshield has created a methodology to assess countries' capacity to endure immediate trade disruptions and recover in the medium term.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The top 10 GTRI performers were dominated by nine high-income countries<\/strong>, with Germany securing the top spot, followed by the Netherlands in second place, the USA in third, France in fourth, Japan in fifth, the UK in sixth, Italy in seventh, Singapore in eighth, and Belgium in tenth. Notably, the only upper-middle-income country in this elite group was China, in ninth position.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai aims to become a 20-minute city, wherein 80% of daily services are <\/strong><strong>reachable within a 20-minute walk or cycle<\/strong>, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/uae\/transport\/dubai-set-to-become-a-20-minute-city-1.99860287\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports. Dubai\u2019s Roads and Transport Authority (RTA) Strategic Plan 2024-2030 involves the creation of road and transport systems that promote accessibility. It focuses on enhancing access, extending existing and upcoming mobility services, and mapping out smart mobility solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>PSA- Get your umbrellas ready <\/strong>\u2014 the weather this week brings a mix of fog, rain, and a drop in temperatures in Abu Dhabi and Dubai, according to <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/uae\/2023\/12\/10\/uae-weather-fog-and-rain-expected-next-week-as-temperatures-dip\/\" style=\"\" rel=\"noopener\">The National<\/a>. Safety alerts are in place due to fog affecting road visibility. The National Centre of Meteorology expects fog and mist today through Wednesday, with a chance of rain in northern and coastal areas. Daytime highs are forecasted to reach 26-27\u00b0C, while evenings will cool down to as low as 16-17\u00b0C. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORIES ABROAD-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Eyes around the region have turned to the border between Egypt and Gaza<\/strong>, where tens of thousands of refugees are being pushed by Israel\u2019s drive into southern Gaza. UN and Arab officials have warned that \u201cthe developments we are witnessing point to attempts to move Palestinians into Egypt\u201d and that conditions on the border could \u201cincrease pressure for mass displacement into Egypt.\u201d (<a target=\"_blank\" href=\"https:\/\/www.latimes.com\/opinion\/story\/2023-12-09\/israel-gaza-hamas-united-nations-humanitarian-relief\" style=\"\" rel=\"noopener\">LA Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/jordan-says-israel-aims-expel-palestinians-gaza-2023-12-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/palestinians-report-israeli-battles-khan-younis-after-us-blocks-gaza-ceasefire-2023-12-10\/\" style=\"\" rel=\"noopener\">UN remarks<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MORNING MUST-READ-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AI nerds and even the simply curious should read <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/12\/09\/technology\/openai-altman-inside-crisis.html\" style=\"\" rel=\"noopener\">Inside OpenAI\u2019s crisis over the future<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/12\/09\/technology\/openai-altman-inside-crisis.html\" style=\"\" rel=\"noopener\">of Artificial Intelligence<\/a><\/strong><strong>.<\/strong> Not the greatest headline ever written, but the deeply reported piece is a must-read if you want to get not just into why Sam Altman got sacked, but think through what \u201ccracks at the heart of the AI movement\u201d the brawl exposed.<\/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 MENA region\u2019s largest trade show for organic and natural products, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/organicandnatural.com\/\" style=\"\" rel=\"noopener\">Organic &<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/organicandnatural.com\/\" style=\"\" rel=\"noopener\">Natural Expo Dubai<\/a><\/strong>, returns to Dubai World Trade Centre from 12-14 December. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Abu Dhabi Center has the world\u2019s first angel investor summit<\/strong>, <a target=\"_blank\" href=\"https:\/\/superangelssummit.com\/\" style=\"\" rel=\"noopener\">Super Angels<\/a>, this Friday and Saturday. The summit kicks off at 8am and wraps at 5pm on both days.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also on this weekend: <\/strong>Ahlam and Assala will be <a target=\"_blank\" href=\"https:\/\/www.visitdubai.com\/en\/whats-on\/dubai-events-calendar\/ahlam-assala-live\" style=\"\" rel=\"noopener\">playing at Dubai\u2019s Coca Cola Arena<\/a> this Friday night. <\/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\/cop28\/\">COP28<\/a>\n                <!-- <span 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href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/cop28-negotiators-introduce-draft-text-for-new-global-adaptation-goals-global-finance-experts-roll-out-climate-finance-roadmap\/\">\r\n                            COP28 negotiators introduce draft text for new global adaptation goals + Global finance experts roll out climate finance roadmap                        <\/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\/2023\/12\/11\/cop28-negotiators-introduce-draft-text-for-new-global-adaptation-goals-global-finance-experts-roll-out-climate-finance-roadmap\/\" 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               <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/563.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87342\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/cop28-negotiators-introduce-draft-text-for-new-global-adaptation-goals-global-finance-experts-roll-out-climate-finance-roadmap\/563-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/563.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"563.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/563.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/563.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87341\" class=\"content-area-description single-story post-87341 post type-post status-publish format-standard has-post-thumbnail hentry category-cop-watch tag-adaptation tag-climate-finance tag-cop-watch tag-cop28 tag-enterpriseam-uae tag-global-goal-on-adaptation 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\/.3a86968d-3ba7-46c8-9a74-722e20c31447.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>COP28 negotiators <\/strong><strong>introduced a draft for the new Global Goal on Adaptation (GGA) yesterday outlining the new global framework for adaptation plans and funding<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/live\/2023\/dec\/10\/cop28-live-focus-on-food-and-agriculture-as-climate-change-summit-continues?filterKeyEvents=false&page=with:block-65755da18f08c64a67375196#block-65755da18f08c64a67375196:~:text=07.05%C2%A0GMT-,Draft%20text%20on%20global%20goal%20on%20adaptation%20published,-Nina%20Lakhani\" style=\"\" rel=\"noopener\">The Guardian<\/a> reports. Delegates from climate-vulnerable countries have raised their concerns about the draft as it did not stipulate any targets committing \u201cwealthy countries to provide the finance needed to make the adaptation goal a reality on the ground,\u201d said Teresa Anderson, global lead on climate justice for <a target=\"_blank\" href=\"https:\/\/actionaid.org\/\" style=\"\" rel=\"noopener\">ActionAid International<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where did the draft fall short? <\/strong>Despite highlighting the funding gap for adaptation strategies and calling upon developed countries to double their adaptation finance, the draft failed to address a clear goal for effectively increasing the funding. There is a c. USD 387 bn gap in climate finance, according to UNEP\u2019s <a target=\"_blank\" href=\"https:\/\/www.unep.org\/resources\/adaptation-gap-report-2023\" style=\"\" rel=\"noopener\">Adaptation Gap<\/a> report. The framework also pushed back setting solid, measurable targets for global adaptation until the implementation of a two-year program to develop a system for evaluating progress on the adaptation goals. Talks on Equity and Common But Differentiated Responsibilities (CBDR), one of the UNFCCC principles, are also being foiled by some developed countries. Developed countries have reportedly introduced a \u201cno text,\u201d option, leaving out any mention of a CBDR provision in the draft. <\/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>Global finance experts roll out climate finance roadmap:<\/strong> The UN\u2019s Independent High-Level Expert Group (IHLEG) released its <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/623.pdf\" style=\"\" rel=\"noopener\">Climate Finance Framework (pdf)<\/a> report outlining the action plans needed to implement the recently released <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/622.pdf\" style=\"\" rel=\"noopener\">UAE Leaders Declaration on a Global Climate Finance Framework (pdf)<\/a>, and deliver on the Paris Agreement. The report outlines a roadmap to deliver climate funding and address the issues facing emerging markets and developing countries (EMDCs) in their implementation of adaptation and mitigation policies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Roland Berger + Bee'ah Group-led consortium debuts global mechanism for recycling: <\/strong>A consortium led by UAE waste management company Bee'ah Group and management consultancy firm Roland Berger, in collaboration with <a target=\"_blank\" href=\"https:\/\/dfinity.org\/\" style=\"\" rel=\"noopener\">DFINITY<\/a> Foundation and the International Solid Waste Association (<a target=\"_blank\" href=\"https:\/\/www.iswa.org\/\" style=\"\" rel=\"noopener\">ISWA<\/a>), launched the first global Voluntary Recycling Credits (VRC) initiative to cut companies\u2019 solid waste footprints, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq01odg-voluntary-recycling-credits-initiative-launched\" style=\"\" rel=\"noopener\">Wam<\/a> reported last week. The consortium <a target=\"_blank\" href=\"https:\/\/www.cop28.com\/en\/schedule\/launch-of-voluntary-recycling-credits-setting-an-incentive-mechanism-for-the-waste-management-ind\" style=\"\" rel=\"noopener\">premiered<\/a> the first live transaction last week at COP28. The complete VCR platform is set to be officially introduced some time in 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Climate Change Ministry unveils global \u2018Waste to Zero\u2019 decarbonization initiative:<\/strong> Spearheaded by the Climate Change and Environment Ministry (<a target=\"_blank\" href=\"https:\/\/www.moccae.gov.ae\/en\/home.aspx\" style=\"\" rel=\"noopener\">MOCCAE<\/a>) and Abu Dhabi Waste Management Company (<a target=\"_blank\" href=\"https:\/\/x.com\/Tadweer_cwm\/status\/1732754562002403674?s=20\" style=\"\" rel=\"noopener\">Tadweer<\/a>), the government launched its global \u2018Waste to Zero\u2019 initiative to reduce carbon emissions in the waste management sector, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq0n3e3-waste-zero-initiative-launches-cop28\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Thursday. Backed by global management consultancy firm <a target=\"_blank\" href=\"https:\/\/www.consultancy-me.com\/news\/7042\/waste-to-zero-consortium-taps-roland-berger-as-consulting-partner\" style=\"\" rel=\"noopener\">Roland Berger<\/a>, the initiative will serve as a voluntary coalition comprising governments, NGOs and the private sector. The initiative will promote cooperation and developing solutions for waste management by hosting discussions, workshops, and awareness programs globally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As well as a comprehensive green-powered action plan to hit new environmental targets:<\/strong> Ten initiatives and decisions, including implementing a framework for the Biodiversity Strategy 2031 were approved during a cabinet meeting at Expo City Dubai yesterday, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/uae\/2023\/12\/10\/sheikh-mohammed-sets-out-ambitious-new-uae-sustainability-drive\/\" style=\"\" rel=\"noopener\">The National<\/a> reports. The strategy aims to rehabilitate 80% of degraded land and marine areas, preserve at least 21% of ecosystems, and enhance the status of endangered species by 10%. The UAE also committed to the \u201cglobal cooling pledge\u201d along with 60 other nations to reduce emissions in the cooling sector and joined a global effort to remove carbon from the waste sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE and US\u2019 <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aimforclimate.org\/\" style=\"\" rel=\"noopener\">Agriculture Innovation Mission for Climate<\/a><\/strong><strong> (AIM for Climate) initiative <\/strong><strong>reeled in investments of around USD 17 bn<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/612.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> on Friday. USD 12 bn of the investments came from over 600 government partners, while the other USD 5 bn came from 27 new <a target=\"_blank\" href=\"https:\/\/www.aimforclimate.org\/innovation-sprints\" style=\"\" rel=\"noopener\">Innovation Sprints<\/a> \u2014 initiatives led and funded by partners to support small farmers in low and middle-income countries, and invest in emerging technologies, agroecological research, and methane reduction. The USD 17 bn in investments is more than double the <a target=\"_blank\" href=\"https:\/\/climate.enterprise.news\/news\/story?storyId=e6167da5-7401-4525-a79d-20e3e0de4124\" style=\"\" rel=\"noopener\">USD 8 bn pledged at COP27<\/a>, and 4x the USD 4 bn invested when the program first launched at COP26. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>UAE pledges USD 220 mn for Africa\u2019s health sector: <\/strong>The UAE will extend a USD 220 mn grant to help some African countries build health care systems to address the impacts of climate change.(<a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq1tz0a-shakhboot-bin-nahyan-announces-200-million-pledge\" style=\"\" rel=\"noopener\">Wam<\/a>) <\/li>\n<li><strong>Another green loan from ADCB:<\/strong> Abu Dhabi Commercial Bank (ADCB) extended an AED 500 mn sustainability-linked loan to Lulu Group.(<a target=\"_blank\" href=\"https:\/\/x.com\/OfficialADCB\/status\/1732359873734508748?s=20\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adaptation\/\">adaptation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/climate-finance\/\">climate finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cop-watch\/\">COP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cop28\/\">COP28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/global-goal-on-adaptation\/\">Global Goal on Adaptation<\/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=\"87343\" 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=\"87343\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/masdar-signs-spate-of-green-hydrogen-agreements-with-an-eye-on-eu-exports\/\">\r\n                            Masdar signs spate of green hydrogen agreements with an eye on EU exports                        <\/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\/2023\/12\/11\/masdar-signs-spate-of-green-hydrogen-agreements-with-an-eye-on-eu-exports\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Waste management has also made a splash with a spate of agreements from Bee\u2019ah and Tadweer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GREEN HYDROGEN-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar and Austria\u2019s OMV partner on green hydrogen:<\/strong> Renewables developer Masdar signed on Friday a Heads of Terms agreement with Austria-based integrated oil and gas company OMV to develop a \u201clarge-scale\u201d green hydrogen plant, according to a company <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-signs-agreement-with-omv-to-produce-green-hydrogen\" style=\"\" rel=\"noopener\">statement<\/a>. The location of the electrolysis facility, targeted generation capacity, and an expected timeline on the project were not disclosed, but the companies are expected to make a final investment decision on the plant in 2H 2024. The agreement follows an <a target=\"_blank\" href=\"https:\/\/climate.enterprise.news\/news\/story?storyId=2d5c490e-1324-4371-bde7-c939aaf0dbc5\" style=\"\" rel=\"noopener\">earlier agreement<\/a> between the two sides to explore cooperation in the green fuels and renewables sectors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar partners with Dutch firms on UAE-EU hydrogen corridor:<\/strong> UAE-based renewables developer Masdar signed an agreement on Wednesday with the Port of Amsterdam and Dutch firms SkyNRG, Evos Amsterdam, and Zenith Energy to explore developing a green fuel supply chain for Europe to import hydrogen from Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq01oga-masdar-signs-agreement-explore-exporting-green\" style=\"\" rel=\"noopener\">Wam<\/a> reported last week. The expected investment ticket for the green hydrogen corridor and when shipments are expected were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s doing what:<\/strong> Zenith will work on developing a liquid hydrogen supply chain to facilitate imports, while Evos Amsterdam will manage development of a liquid organic hydrogen carrier supply network. Sustainable aviation fuel (SAF) supplier SkyNRG is establishing a network of SAF production facilities and will use the hydrogen as feedstock for its operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And with Verbund on green hydrogen in Spain:<\/strong> Masdar and Austria's <a target=\"_blank\" href=\"https:\/\/www.verbund.com\/en-at\" style=\"\" rel=\"noopener\">Verbund<\/a> Green Hydrogen GmbH signed an agreement to explore establishing a green hydrogen plant in Spain, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-and-verbund-to-explore-developing-large-scale-green-hydrogen-production\" style=\"\" rel=\"noopener\">statement<\/a> on Thursday. The hydrogen produced will be used to decarbonize Spain or Europe\u2019s hard-to-abate sectors including steel, fertilizers, chemicals, heavy transportation, and aviation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amea Power taps into Mauritania\u2019s renewables and green hydrogen <\/strong><strong>sectors: <\/strong>Renewables developer Amea Power signed two MoUs with the government of Mauritania to establish a 3 GW green hydrogen plant and two renewables projects with a combined 200 MW generation capacity in the African country, according to a Mauritanian Cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/petrole.gov.mr\/posts\/pfbid0wYsHKeEzWRzUcERqoqDDPrHniiJpmwpKg55fGABKLKHwjX3F3KLynUidFXGhL6qPl?__cft__[0]=AZU2FUR95aIEHcCbDVu2u__lPW1eH2gcJzbnkr9uv3DyKNNDn2mtDn4DLWdoy89eP2UfGfN8igx3CM7FFlznUsKa88m3JfplyZTRlTDZKmJoou-uk4IGFGP2RKYkH8AbE6HyCD6J7kgIVahrh0AXedT5rH3J3pM0TH_RGz4yx9ff3DRJqNnSbEMdMNausbzFn0-6uC_Zc95WCZxg1SyBfIQk&__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">statement<\/a>. Amea says it is looking to build a 100 MW wind farm and a 100 MW solar plant in Mauritania, both of which would be supplemented with battery energy storage systems. The timeline and expected price tags of three projects were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RENEWABLES-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>See Holding teaming up with EnerTech to set up a new green city in Kuwait: <\/strong>Kuwaiti state-owned green tech investor and developer <a target=\"_blank\" href=\"https:\/\/enertech.com.kw\/\" style=\"\" rel=\"noopener\">EnerTech<\/a> signed an agreement with UAE-based sustainable architecture and investment company <a target=\"_blank\" href=\"https:\/\/seeholding.com\/\" style=\"\" rel=\"noopener\">SEE Holding<\/a> to establish a green, renewables-powered microcity in Kuwait, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/see-holding-enertech-to-develop-sustainable-city-in-kuwait-gofyktgf\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. A planned 16 MW solar farm will generate 120% of the city\u2019s energy needs. The green city will have a waste-to-biogas production plant, recycle 100% of its water, and produce 50% of its own agricultural needs. The investment ticket and construction date of the project were not disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Masdar has another solar farm in the works: <\/strong>Masdar is partnering with Bee\u2019ah Group and the Sharjah Electricity, Water, and Gas Authority to convert the 68 hectare Al Sajah landfill in Sharjah into a 120 MW solar farm, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/masdar.ae\/posts\/pfbid0Sk4U45za2LAzfxKjttZNBezNgwwU77HH7A6WPNZys6agYj4etvCU56nDJxHg9M8el\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The expected price tag and timeline of the project were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DECARBONIZATION-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates Steel Arkan, Khalifa University and Ohmium International partner on <\/strong><strong>decarbonizing steel:<\/strong> Emirates Steel Arkan signed an agreement with Abu Dhabi\u2019s Khalifa University and US-based electrolyzer producer Ohmium International to develop a green hydrogen-focused research and development program for decarbonizing the UAE\u2019s steel industry, according to a <a target=\"_blank\" href=\"https:\/\/www.emiratessteelarkan.com\/press\/emirates-steel-arkan-khalifa-university-and-ohmium-international-collaborate-on-green-hydrogen-research-hub\/\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. Emirates Steel Arkan aims to build on the research as it looks to produce Direct Reduced Iron and expand in the green steel sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tech research group launches blockchain carbon platform:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.tii.ae\/cryptography\" style=\"\" rel=\"noopener\">Cryptography<\/a><a target=\"_blank\" href=\"https:\/\/www.tii.ae\/cryptography\" style=\"\" rel=\"noopener\">Research Center<\/a> (CRC) at the <a target=\"_blank\" href=\"https:\/\/www.tii.ae\/\" style=\"\" rel=\"noopener\">Technology Innovation Institute<\/a> (TII) launched a blockchain-powered carbon tracking and trading platform to facilitate international trade in carbon tokens, according to a <a target=\"_blank\" href=\"https:\/\/www.tii.ae\/news\/technology-innovation-institute-unveils-blockchain-powered-carbon-emissions-tracking-and\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The platform is the first to implement a blockchain-enabled Proof of Concept to accurately track emissions by registering the credits from any public or private organization globally. Auditors can then certify the emissions through the different stages of capture, storage, and trading.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Taqa will trial Octopus Energy\u2019s power management platform Kraken <\/strong><strong>regionally: <\/strong>The Abu Dhabi National Energy Company (Taqa) signed an agreement with British renewables developer Octopus Energy Group to trial the latter\u2019s AI-powered energy management platform <a target=\"_blank\" href=\"https:\/\/octopusenergy.group\/kraken-technologies\" style=\"\" rel=\"noopener\">Kraken<\/a> across its UAE operations, according to a <a target=\"_blank\" href=\"https:\/\/octopus.energy\/press\/TAQA_Kraken_partnership\/\" style=\"\" rel=\"noopener\">statement<\/a> published last week. A timeline for the pilot project\u2019s launch was not provided. The Kraken platform enables energy firms to create and launch eco-friendly energy solutions while also managing customer inquiries in a faster and more comprehensive manner, the company notes. Both sides are also exploring the creation of a UAE-based joint venture through which they would establish an energy tech innovation and development hub in the Emirates. <\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/renewable-energy\/\">renewable energy<\/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=\"87345\" 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=\"87345\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/dubai-taxi-company-shares-jump-on-dfm-debut\/\">\r\n                            Dubai Taxi Company\u2019s share price rises 18% on first day of trading                        <\/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\/2023\/12\/11\/dubai-taxi-company-shares-jump-on-dfm-debut\/\" 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\/2023\/12\/11\/dubai-taxi-company-shares-jump-on-dfm-debut\/')\">\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\/2023\/12\/11\/dubai-taxi-company-shares-jump-on-dfm-debut\/\">\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=Dubai Taxi Company shares jump on DFM debut&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/dubai-taxi-company-shares-jump-on-dfm-debut\/\">\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\/2023\/12\/11\/dubai-taxi-company-shares-jump-on-dfm-debut\/&title=Dubai Taxi Company shares jump on DFM debut\">\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=Dubai+Taxi+Company+shares+jump+on+DFM+debut+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F11%2Fdubai-taxi-company-shares-jump-on-dfm-debut%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\/2023\/12\/11\/dubai-taxi-company-shares-jump-on-dfm-debut\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/531.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87346\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/dubai-taxi-company-shares-jump-on-dfm-debut\/531-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/531.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"531.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/531.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/531.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87345\" class=\"content-area-description single-story post-87345 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-dfm tag-dubai-taxi-company tag-ipo-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\/5\/.90b588ce-8840-4afc-a106-7e13b86b429b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai Taxi Company\u2019s shares climbed almost 18% on their first day of trading on the DFM on Thursday to close at AED 2.18<\/strong>, up from their initial price of AED 1.85, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/markets\/dubai-taxi-company-makes-good-first-impression-on-dfm---stock-up-17-in-5-minutes-1.1701928161541\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports. More than 28k worth AED 64 mn changed hands within the first 15 minutes of trading. The IPO raised some AED 1.16 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Taxi Company tapped BHM Capital as a liquidity provider for its shares listed on <\/strong><strong>the DFM<\/strong>, the company stated in a <a target=\"_blank\" href=\"https:\/\/feeds.dfm.ae\/documents\/\/2023\/Dec\/07\/80a7d4da-70a8-4e1e-a0cc-2b853f9cf502\/Dubai%20Taxi%20LP%20-%20En.pdf\" style=\"\" rel=\"noopener\">DFM disclosure<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors:<\/strong> Citigroup, Emirates NBD, and Merrill Lynch were joint global coordinators and joint bookrunners, while <a target=\"_blank\" href=\"https:\/\/www.alkhaleej.ae\/2023-12-07\/%D8%A5%D9%8A-%D8%A7%D9%81-%DA%86%D9%8A-%D9%87%D9%8A%D8%B1%D9%85%D9%8A%D8%B3-%D8%AA%D8%AE%D8%AA%D8%AA%D9%85-%D8%B9%D9%85%D9%84%D9%8A%D8%A7%D8%AA-%D8%B7%D8%B1%D8%AD-%D8%AA%D8%A7%D9%83%D8%B3%D9%8A-%D8%AF%D8%A8%D9%8A\/%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\" style=\"\" rel=\"noopener\">EFG Hermes<\/a> UAE and FAB acted as joint bookrunners. Receiving banks included our friends at Mashreq as well as Emirates NBD, Abu Dhabi Islamic Bank, FAB, Ajman Bank, Commercial Bank of Dubai, Dubai Islamic Bank, and Emirates Islamic Bank.<\/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\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-taxi-company\/\">Dubai Taxi Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87347\" 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=\"87347\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/\">\r\n                            reword: Abu Dhabi National Hotels Company obtains  50% ownership stake in M Five Cleaning Services                        <\/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\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The financial details of the transactions were not disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking forward: <\/strong>The company plans to explore new markets, particularly in North Africa and Europe, aiming for global expansion, the company's CEO, Khalid Anib said in September, <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2380716\/business-economy\" style=\"\" rel=\"noopener\">Arab News<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Abu Dhabi National Hotels Company: <\/strong>Established in 1976, Abu Dhabi National Hotels (ADNH) has evolved from a hotel owner and asset manager into a diversified hospitality group encompassing hotels, restaurants, destination management services, catering, and transportation. The company's hotel portfolio includes The Ritz-Carlton Abu Dhabi Grand Canal, The Park Hyatt Abu Dhabi Hotel &amp; Villas and Le Meridien Abu Dhabi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER M&amp;A NEWS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>e&amp; now owns half of Careem\u2019s super app:<\/strong> Telecom giant e&amp; has acquired a majority stake in Careem\u2019s <a target=\"_blank\" href=\"https:\/\/www.careem.com\/\" style=\"\" rel=\"noopener\">super app<\/a> for USD 400 mn according to a <a target=\"_blank\" href=\"https:\/\/adxservices.adx.ae\/cdn\/contentdownload.aspx?doc=3010079\" style=\"\" rel=\"noopener\">bourse filing<\/a> on the ADX. The transaction was inked back in <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/en\/2023\/04\/e-acquires-majority-stake-careem-super-app-400-million\" style=\"\" rel=\"noopener\">April<\/a> with the creation of a new entity dubbed \u201cCareem Everything App,\u201d which separates Careem\u2019s ridesharing business, fully owned by Uber, from its non-rishesharing business. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new app is an amalgamation of various services<\/strong> featuring food and grocery delivery, micro-mobility, a digital wallet, fintech services, and other third-party services including home cleaning, car rental and laundry, the press release reads. <\/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-national-hotels-company\/\">Abu Dhabi National Hotels Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/m-five-cleaning-services\/\">M Five Cleaning Services<\/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=\"87349\" 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=\"87349\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/am-best-affirms-al-fujairah-national-ins-company-rating-outlook-negative\/\">\r\n                            AM Best maintains Al Fujairah National Ins Company's credit ratings with a negative outlook                        <\/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\/2023\/12\/11\/am-best-affirms-al-fujairah-national-ins-company-rating-outlook-negative\/\" 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\/2023\/12\/11\/am-best-affirms-al-fujairah-national-ins-company-rating-outlook-negative\/')\">\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\/2023\/12\/11\/am-best-affirms-al-fujairah-national-ins-company-rating-outlook-negative\/\">\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=AM Best affirms Al Fujairah National Ins Company rating, outlook negative&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/am-best-affirms-al-fujairah-national-ins-company-rating-outlook-negative\/\">\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\/2023\/12\/11\/am-best-affirms-al-fujairah-national-ins-company-rating-outlook-negative\/&title=AM Best affirms Al Fujairah National Ins Company rating, outlook negative\">\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=AM+Best+affirms+Al+Fujairah+National+Ins+Company+rating%2C+outlook+negative+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F11%2Fam-best-affirms-al-fujairah-national-ins-company-rating-outlook-negative%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\/2023\/12\/11\/am-best-affirms-al-fujairah-national-ins-company-rating-outlook-negative\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87349\" class=\"content-area-description single-story post-87349 post type-post status-publish format-standard hentry category-economy tag-al-fujairah-national-insurance-company tag-am-best tag-economy tag-enterpriseam-uae 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\/.3a86968d-3ba7-46c8-9a74-722e20c31447.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Ins.-focused ratings agency AM Best affirmed Al Fujairah National Ins Company (AFNIC)\u2019s financial strength rating at B++<\/strong>,and the company\u2019s long-term Issuer credit rating at bbb, according to a <a target=\"_blank\" href=\"https:\/\/news.ambest.com\/NewsContent.aspx?refnum=254460&altsrc=23#:~:text=AM%20Best%20Affirms%20Credit%20Ratings%20of%20Al%20Fujairah%20National%20Insurance%20Company%20PJSC,-December%2007%2C%202023&text=London%20%2F%2FBestWire%2F%2F%20%2D%20AM,)%20(United%20Arab%20Emirates).\" style=\"\" rel=\"noopener\">press release<\/a>. Both ratings were given a negative outlook. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>AFNIC's ratings demonstrate the company's robust balance sheet strength, evaluated as strong by AM Best. The ratings also reflect AFNIC's \u201cstrong operating performance, limited business profile and marginal enterprise risk management\u201d. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The credit ratings also factor in the support from AFNIC's main shareholder<\/strong>, the Government of Fujairah-Department of Industry and Economy, which owns over 80% of AFNIC. The entity has repeatedly backed AFNIC through capital injections and allowed the company to accumulate capital through bonus shares instead of liquidity distributions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the negative outlook? <\/strong>AFNIC has been reporting \u201closs making operating results\u201d since 2022. At the end of 2022, the company reported a net loss of AED 14.4 and an additional AED 13.4 mn loss in 9M 2023. These losses are mainly due to poor technical performance, which was partially counteracted by positive investment returns. The reduction in earned premiums, and many large losses have strained AFNIC\u2019s expenses base. These challenges are straining the rating agency\u2019s operating performance assessment. <\/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-fujairah-national-insurance-company\/\">Al Fujairah National Insurance Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/am-best\/\">AM Best<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/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=\"87350\" 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=\"87350\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/fourth-phase-of-al-maktoum-is-now-operational\/\">\r\n                            Fourth phase of Al Maktoum is now operational                        <\/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\/2023\/12\/11\/fourth-phase-of-al-maktoum-is-now-operational\/\" 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\/2023\/12\/11\/fourth-phase-of-al-maktoum-is-now-operational\/')\">\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\/2023\/12\/11\/fourth-phase-of-al-maktoum-is-now-operational\/\">\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=Fourth phase of Al Maktoum is now operational&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/fourth-phase-of-al-maktoum-is-now-operational\/\">\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\/2023\/12\/11\/fourth-phase-of-al-maktoum-is-now-operational\/&title=Fourth phase of Al Maktoum is now operational\">\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=Fourth+phase+of+Al+Maktoum+is+now+operational+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F11%2Ffourth-phase-of-al-maktoum-is-now-operational%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\/2023\/12\/11\/fourth-phase-of-al-maktoum-is-now-operational\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87350\" class=\"content-area-description single-story post-87350 post type-post status-publish format-standard hentry category-energy tag-acwa-power tag-climate tag-dubai tag-energy tag-enterpriseam-uae tag-renewables tag-solar-energy tag-sustainability 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\/.3a86968d-3ba7-46c8-9a74-722e20c31447.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fourth phase of Al <\/strong><strong>Maktoum<\/strong><strong> Solar Park is now live:<\/strong> UAE Vice President and Prime Minister Mohammed bin Rashid Al Maktoum inaugurated the fourth phase of the 5 GW Mohammed bin Rashid Al Maktoum Solar Park, featuring the tallest concentrated solar power (CSP) tower and the largest single-site thermal energy storage in the world, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq01nyb-mohammed-bin-rashid-inaugurates-worlds-largest-csp\" style=\"\" rel=\"noopener\">WAM<\/a> reported. This phase slashes annual carbon emissions by roughly 1.6 mn tonnes and delivers clean, sustainable energy to around 320k households. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the fourth phase:<\/strong><a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2023\/10\/03\/dewa-commissions-200-mw-second-unit-in-fourth-phase-of-uaes-al-maktoum-solar-park-102776\/\" style=\"\" rel=\"noopener\">The 950 MW fourth phase<\/a> \u2014 built by Dewa and a KSA Acwa Power-led consortium that includes the Chinese Silk Road Fund \u2014 is the largest single-site project in the world that brings together Concentrated Solar Power (CSP) and photovoltaic technologies. The phase uses the Independent Power Producer (IPP) model with investments of up to AED c.16 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The upcoming phases: <\/strong>The 900 MW fifth phase of the solar park became operational back in June, with the <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2023\/08\/14\/masdar-snaps-up-bid-to-build-1-8-gw-sixth-phase-of-uaes-al-maktoum-solar-park-102112\/\" style=\"\" rel=\"noopener\">1.8 GW sixth phase<\/a> set to commence between 4Q 2024 and 2026. Masdar will build and operate the upcoming sixth phase, with an investment ticket of AED 5.5 bn (c. USD 1.5 bn). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More on the solar park:<\/strong> Al Makhtoum solar park is the world\u2019s largest single-site solar park using the Independent Power Producer (IPP) model with a planned production capacity of 5 GW by 2030 and investments totalling AED 50 bn (c. USD 13.6 bn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER ENERGY NEWS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China to invest USD 5 bn in Emirati solar power project: <\/strong>Chinese renewable energy company Trina Solar will pour USD 5 bn into an integrated solar power generation chain in the UAE, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq0n41m-chinese-company-announces-plans-commit-billion\" style=\"\" rel=\"noopener\">Wam<\/a>. The project is expected to generate more than 7k jobs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ve been here before: <\/strong>Trina Solar has been investing in clean energy solutions in the UAE since 2012. The company previously developed the <a target=\"_blank\" href=\"https:\/\/www.trinasolar.com\/sites\/default\/files\/TheSustainableCity_Dubai_Final_0.pdf\" style=\"\" rel=\"noopener\">Sustainable City in Dubai initiative<\/a>, installing up to 40k solar panels across Dubai. The project produces 24 GWh annually, equivalent to saving 11k tons of CO2. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More on Trina Solar: <\/strong>The Chinese firm has generated more than 150 GW of solar modules worldwide, including connecting over 9.5 GW of solar power plants to the grid, according to its <a target=\"_blank\" href=\"https:\/\/www.trinasolar.com\/eu-en\/resources\/newsroom\/eu-trina-solar-releases-financial-report-first-half-2023-indicating-strong-start\" style=\"\" rel=\"noopener\">company website<\/a>. Trina Solar has consecutively received accreditation from international institutions like BloombergNEF and RETC.<\/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>Enoc launches first green hydrogen fuel station in Dubai: <\/strong>The Emirates National Oil Company (Enoc) opened its first green hydrogen fuel station in Expo City Dubai, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2023\/12\/08\/enoc-opens-first-green-hydrogen-fuel-station-in-dubai\/\" style=\"\" rel=\"noopener\">The National<\/a> reports. The Dubai Electricity and Water Authority and Toyota partnered in the development of the project, which is the only station in the region offering green hydrogen, hydrocarbon fuels and electric charging stations, Enoc said.The UAE aims to generate 1.4 mn tonnes of low-emission hydrogen per year by 2031, with a subsequent increase to 15 mn tonnes annually by 2050. <\/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\/acwa-power\/\">Acwa Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/climate\/\">climate<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87351\" 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=\"87351\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/adibs-usd-denominated-green-sukuk-now-on-the-adx\/\">\r\n                            ADIB\u2019s USD 500 mn green sukuk is now live on the ADX                        <\/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\/2023\/12\/11\/adibs-usd-denominated-green-sukuk-now-on-the-adx\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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ADIB <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2023\/11\/12\/adib-raises-usd-500-mn-in-blockbuster-green-sukuk-debut-103179\/\" style=\"\" rel=\"noopener\">intends<\/a> to allocate the bond\u2019s net proceeds to fund green projects to accelerate the green transition. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> ADIB raised USD 2.6 bn in its green sukuk sale, which was 5.2x oversubscribed, according to a <a target=\"_blank\" href=\"https:\/\/www.adib.ae\/en\/pages\/news_details.aspx?id=443\" style=\"\" rel=\"noopener\">statement<\/a> by the bank last month. ADIB priced the five-year senior sukuk, rated A+ by Fitch, at an interest rate of 5.695%, to be paid semi-annually. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The UAE holds 19% of the global sustainable sukuk market, with the value of its Environmental, Social and Governance (ESG) sukuk reaching USD 6.4 bn during the first nine months of the year, <a target=\"_blank\" href=\"https:\/\/www.snabusiness.com\/article\/1671460-%D9%81%D9%8A%D8%AA%D8%B4-%D8%A7%D9%84%D8%A7%D9%95%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AA%D8%B3%D8%AA%D8%AD%D9%88%D8%B0-19-%D8%A7%D9%84%D8%B5%D9%83%D9%88%D9%83-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AF%D8%A7%D9%85%D8%A9-%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A7\" style=\"\" rel=\"noopener\">Skynews Arabia<\/a> reports, citing Fitch Ratings. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Going green, even before COP:<\/strong> Green bond issuances in the Gulf raised USD 14.6 bn year-to-date by the beginning of the month, almost doubling the amount sold in the region last year, according to data compiled by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-23\/green-bond-sales-surge-in-uae-before-it-hosts-climate-summit?leadSource=uverify%20wall\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-islamic-bank\/\">Abu Dhabi Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/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=\"87353\" 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=\"87353\">\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\">POLICY WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/attracting-more-local-international-investments\/\">\r\n                            National investment strategy to be launched soon                        <\/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\/2023\/12\/11\/attracting-more-local-international-investments\/\" 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\/2023\/12\/11\/attracting-more-local-international-investments\/')\">\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\/2023\/12\/11\/attracting-more-local-international-investments\/\">\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=Attracting more local + international investments&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/attracting-more-local-international-investments\/\">\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\/2023\/12\/11\/attracting-more-local-international-investments\/&title=Attracting more local + international investments\">\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=Attracting+more+local+%2B+international+investments+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F11%2Fattracting-more-local-international-investments%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\/2023\/12\/11\/attracting-more-local-international-investments\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/537.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87354\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/attracting-more-local-international-investments\/537-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/537.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"537.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/537.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/537.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87353\" class=\"content-area-description single-story post-87353 post type-post status-publish format-standard has-post-thumbnail hentry category-policy-watch tag-enterpriseam-uae tag-fdi tag-investment-ministry tag-investments tag-policy-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\/.3a86968d-3ba7-46c8-9a74-722e20c31447.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>National investment strategy <\/strong><strong>around the corner:<\/strong>The newly formed Investment Ministry is working on a national investment strategy to unify the investment policies of the seven emirates, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/uae-planning-develop-national-investment-strategy-minister-2023-12-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported, Minister Mohamed Al Suwaidi said on the sidelines of a conference on Thursday. The new unified strategy is intended to bolster the country\u2019s economic standing by attracting more national and international investments. Further information regarding the strategy remains undisclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Investment Ministry, established in July, takes on <\/strong><strong>a role that is more supportive than regulatory<\/strong>, focusing on facilitating the global expansion of companies as well as attracting more FDI. The ministry will not be involved in any asset management or allocation decisions pertaining to the new national investment strategy.\u201cSo when the Abu Dhabi Investment Authority, Mubadala, or a Dubai sovereign fund, or others say I want to put [capital] into private equity, we're not going to be influencing that,\u201d Al Suwaidi said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The goal is always to attract more investments:<\/strong> The government is looking to draw in <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-05\/uae-seeks-to-draw-150-billion-foreign-investment-in-nine-years\" style=\"\" rel=\"noopener\">USD 150 bn worth<\/a> of FDI inflows by 2031. The country recorded a 10% y-o-y growth in FDI inflows last year, amounting to USD 23 bn according to <a target=\"_blank\" href=\"https:\/\/unctad.org\/system\/files\/official-document\/wir2023_en.pdf\" style=\"\" rel=\"noopener\">the World Investment Report 2023 (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\/fdi\/\">FDI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-ministry\/\">Investment Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investments\/\">investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/policy-watch\/\">POLICY 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=\"87355\" 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=\"87355\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/union-ins-turns-a-loss-in-3q-2023\/\">\r\n                            Union Ins records a net loss of AED 166.6 mn                        <\/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\/2023\/12\/11\/union-ins-turns-a-loss-in-3q-2023\/\" 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\/2023\/12\/11\/union-ins-turns-a-loss-in-3q-2023\/')\">\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\/2023\/12\/11\/union-ins-turns-a-loss-in-3q-2023\/\">\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=Union Ins turns a loss in 3Q 2023&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/union-ins-turns-a-loss-in-3q-2023\/\">\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\/2023\/12\/11\/union-ins-turns-a-loss-in-3q-2023\/&title=Union Ins turns a loss in 3Q 2023\">\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=Union+Ins+turns+a+loss+in+3Q+2023+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F11%2Funion-ins-turns-a-loss-in-3q-2023%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\/2023\/12\/11\/union-ins-turns-a-loss-in-3q-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/2224.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87356\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/union-ins-turns-a-loss-in-3q-2023\/2224-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/2224.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2224.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/2224.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/2224.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87355\" class=\"content-area-description single-story post-87355 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseam-uae tag-union-insurance 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\/.3a86968d-3ba7-46c8-9a74-722e20c31447.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:\/\/www.unioninsurance.ae\/\" style=\"\" rel=\"noopener\">Union Ins<\/a><\/strong><strong> remained in the red in 3Q 2023<\/strong>, recording AED 166.6 mn in net losses during the quarter, according to a <a target=\"_blank\" href=\"https:\/\/adxservices.adx.ae\/cdn\/contentdownload.aspx?doc=3008680\" style=\"\" rel=\"noopener\">bourse filing<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Union Ins suffered significant losses due to various factors:<\/strong> They took a hit from a failed property transaction back in 2013 and 2014, leading to an ongoing legal battle as they strive to recover the incurred losses; some mistakes in recording the true value of freehold land as well as undertaking some bad debts between 2019 and 2021 that the company suspects will not be paid back. <\/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>Al Salam Bank Sudan addresses its financial reporting backlog, discloses 1Q-3Q <\/strong><strong>2023 financial statements:<\/strong>The lender recorded a net loss of SDG 496.9 mn in 3Q 2023, down 245% compared to a net income of SDG 343.7 mn in 2Q 2023, according to a <a target=\"_blank\" href=\"https:\/\/www.dfm.ae\/the-exchange\/news-disclosures\/disclosures\/29b82678-3b96-4db6-a357-a345fb9afefa\" style=\"\" rel=\"noopener\">DFM disclosure<\/a>. The bank recorded SDG 363.7 mn in revenue in 3Q 2023, down 69.7% from SDG 1.2 bn during the same period last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Net income stood at SDG 29.6 mn in 9M 2023, down <\/strong><strong>98<\/strong><strong>% y-o-y fromSDG 2.6 bn in 9M <\/strong><strong>2022. <\/strong>9M 2023 revenues stood at SDG 2.9 bn, down 27% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI: <\/strong>The bank\u2019s shares resumed trading at 1pm yesterday, according to a <a target=\"_blank\" href=\"https:\/\/www.dfm.ae\/the-exchange\/news-disclosures\/market-announcements\/4c58bcef-feaf-4ed7-b04a-3e7836930bad\" style=\"\" rel=\"noopener\">DFM market announcement<\/a>, after being suspended from trading since May 2023, due to non-disclosure of financial statements for the first quarter of 2023, <a target=\"_blank\" href=\"https:\/\/bit.ly\/3GzBFMn\" style=\"\" rel=\"noopener\">Argaam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The listing of the company\u2019s shares was transferred to Category A from the second <\/strong><strong>category<\/strong>, according to a separate <a target=\"_blank\" href=\"https:\/\/www.dfm.ae\/the-exchange\/news-disclosures\/market-announcements\/b279fa8d-7eab-4864-9a1e-792e9cee4812\" style=\"\" rel=\"noopener\">DFM market announcement<\/a>.The DFM transferred the shares of Al Salam Bank Sudan to the second category last month on 16 November, in line with the Chairman of the Authority\u2019s Board of Directors\u2019 Decision <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/631.pdf\" style=\"\" rel=\"noopener\">No. (13\/R.M.) of 2020<\/a> regarding procedures for dealing with troubled listed public joint-stock companies.<\/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\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/union-insurance\/\">Union Insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87357\" 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=\"87357\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/mbme-appoints-briseida-sinaj-as-cfo\/\">\r\n                            ADX-listed MBME appointed Briseida Sinaj as CFO                        <\/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\/2023\/12\/11\/mbme-appoints-briseida-sinaj-as-cfo\/\" 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\/2023\/12\/11\/mbme-appoints-briseida-sinaj-as-cfo\/')\">\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\/2023\/12\/11\/mbme-appoints-briseida-sinaj-as-cfo\/\">\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=MBME appoints Briseida Sinaj as CFO&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/mbme-appoints-briseida-sinaj-as-cfo\/\">\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\/2023\/12\/11\/mbme-appoints-briseida-sinaj-as-cfo\/&title=MBME appoints Briseida Sinaj as CFO\">\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=MBME+appoints+Briseida+Sinaj+as+CFO+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F11%2Fmbme-appoints-briseida-sinaj-as-cfo%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\/2023\/12\/11\/mbme-appoints-briseida-sinaj-as-cfo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1952.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87358\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/mbme-appoints-briseida-sinaj-as-cfo\/1952-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1952.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1952.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1952.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/1952.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87357\" class=\"content-area-description single-story post-87357 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-adx tag-enterpriseam-uae tag-mbme tag-moves 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\/.3a86968d-3ba7-46c8-9a74-722e20c31447.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MBME gets a new CFO: <\/strong>MBME Group appointed Briseida Sinaj (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/briseida-sinaj-\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as the CFO, according to a <a target=\"_blank\" href=\"https:\/\/adxservices.adx.ae\/cdn\/contentdownload.aspx?doc=3008459\" style=\"\" rel=\"noopener\">company disclosure<\/a>. Sinaj holds a master\u2019s degree in Finance Accounting and a Certified Management Accountant (CMA) verification from the International Management Accounting organization. Her over 15 years of experience includes working as the Head of Budgeting for the Ministry of Finance and Economy in Albania.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About MBME: <\/strong>MBME is a leading investment company operating an integrated fintech ecosystem encompassing the region\u2019s largest online utility and government services platform. The company went live on the ADX in April, making it the first fintech firm to list on the Abu Dhabi bourse.<\/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>Dubai Crown Prince\u2019s office gets a new director general:<\/strong> UAE Vice President and Prime Minister Mohammed bin Rashid Al Maktoum has appointed Omar Sultan Al Olama as the Director General of the Dubai Crown Prince\u2019s Office, <a target=\"_blank\" href=\"https:\/\/www.gulftoday.ae\/news\/2023\/12\/10\/omar-sultan-al-olama-appointed-director-general-of-dubai-crown-princes-office\" style=\"\" rel=\"noopener\">Gulf Today<\/a> reports. Al Olama holds various positions, including Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications. He also serves as deputy managing director at the Dubai Future Foundation, vice chair at the World Government Summit, chairman of the Dubai Chamber of Digital Economy, and heads the Artificial Intelligence and Blockchain Council. One of Al Olama's notable achievements before his appointment is the formulation of the UAE's Artificial Intelligence Strategy.<\/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\/mbme\/\">MBME<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87359\" 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=\"87359\">\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\">TRENDING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/its-all-about-sports-palestine-on-uae-x\/\">\r\n                            UAE X is all about sports + Palestine today                        <\/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\/2023\/12\/11\/its-all-about-sports-palestine-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\/2023\/12\/11\/its-all-about-sports-palestine-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\/2023\/12\/11\/its-all-about-sports-palestine-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=It\u2019s all about sports &#038; Palestine on UAE X&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/its-all-about-sports-palestine-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\/2023\/12\/11\/its-all-about-sports-palestine-on-uae-x\/&title=It\u2019s all about sports &#038; Palestine 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=It%E2%80%99s+all+about+sports+%26%23038%3B+Palestine+on+UAE+X+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F11%2Fits-all-about-sports-palestine-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\/2023\/12\/11\/its-all-about-sports-palestine-on-uae-x\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/1066.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87360\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/its-all-about-sports-palestine-on-uae-x\/1066-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/1066.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1066.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/1066.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/1066.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87359\" class=\"content-area-description single-story post-87359 post type-post status-publish format-standard has-post-thumbnail hentry category-trending tag-enterpriseam-uae tag-palestine tag-sports 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\/.3a86968d-3ba7-46c8-9a74-722e20c31447.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This morning on UAE X:<\/strong> It\u2019s all sports this morning, we\u2019re seeing several different hashtags with <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%D8%A7%D9%84%D8%B3%D9%8A%D8%AA%D9%8A&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">\u0627\u0644\u0633\u064a\u062a\u064a#<\/a> \u201cCity\u201d as a result of their 2-1 victory over Luton Town yesterday. We\u2019re also seeing <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%23PAKvsIND&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">#PAKvsIND<\/a> (cricket) and <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=Chelsea&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">#Chelsea<\/a> (football).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Palestine protests:<\/strong> We\u2019re also seeing the hashtag <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%23%D8%A7%D9%84%D8%A7%D8%B6%D8%B1%D8%A7%D8%A8_%D8%A7%D9%84%D8%B4%D8%A7%D9%85%D9%84&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">\u0627\u0644\u0627\u0636\u0631\u0627\u0628_\u0627\u0644\u0634\u0627\u0645\u0644#<\/a> calling for a \u201cglobal strike\u201d in solidarity with the people of Gaza. <\/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\/palestine\/\">Palestine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sports\/\">Sports<\/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=\"87361\" 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        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class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"87362\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/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\/2023\/12\/11\/cop-as-far-as-the-eyes-can-see\/\">\r\n                            COP continues to lead UAE coverage in the international press                        <\/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 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-->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=COP+as+far+as+the+eyes+can+see+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F11%2Fcop-as-far-as-the-eyes-can-see%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\/2023\/12\/11\/cop-as-far-as-the-eyes-can-see\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/644.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87363\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/cop-as-far-as-the-eyes-can-see\/644-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/644.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"644.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/644.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/644.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87362\" class=\"content-area-description single-story post-87362 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-cop28 tag-enterpriseam-uae 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\/.3a86968d-3ba7-46c8-9a74-722e20c31447.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s all COP in the international press:<\/strong> As the conference in Dubai enters its final stretch, attention has turned to the question of setting a date for global ending fossil fuels use. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/big-divisions-loom-over-fossil-fuels-cop28-talks-head-into-final-phase-2023-12-10\/?rpc=401&\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-10\/cop28-chief-pushes-for-fossil-fuel-deal-as-talks-get-bogged-down?leadSource=uverify%20wall\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/timesofindia.indiatimes.com\/business\/international-business\/binance-withdraws-abu-dhabi-license-application\/articleshow\/105878788.cms\" style=\"\" rel=\"noopener\">El Pa\u00eds<\/a> | <a target=\"_blank\" href=\"https:\/\/www.dailymail.co.uk\/wires\/ap\/article-12846691\/Climate-negotiators-urged-reach-consensus-curbing-warming-COP28-talks-near-crunch-time.html\" style=\"\" rel=\"noopener\">Mail Online<\/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\/cop28\/\">COP28<\/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=\"87364\" 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=\"87364\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/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\/2023\/12\/11\/esa-fab-to-develop-commodity-trading-platform\/\">\r\n                            ESA + FAB to develop commodity trading platform                        <\/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\/2023\/12\/11\/esa-fab-to-develop-commodity-trading-platform\/\" 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\/2023\/12\/11\/esa-fab-to-develop-commodity-trading-platform\/')\">\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\/2023\/12\/11\/esa-fab-to-develop-commodity-trading-platform\/\">\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=ESA + FAB to develop commodity trading platform&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/esa-fab-to-develop-commodity-trading-platform\/\">\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\/2023\/12\/11\/esa-fab-to-develop-commodity-trading-platform\/&title=ESA + FAB to develop commodity trading platform\">\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=ESA+%2B+FAB+to+develop+commodity+trading+platform+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F11%2Fesa-fab-to-develop-commodity-trading-platform%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\/2023\/12\/11\/esa-fab-to-develop-commodity-trading-platform\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1851.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87365\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/esa-fab-to-develop-commodity-trading-platform\/1851-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1851.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1851.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1851.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1851.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87364\" class=\"content-area-description single-story post-87364 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-aldar-properties tag-also-on-our-radar tag-carbon-credits tag-commodities tag-cop28 tag-dp-world tag-emirates-steel-arkan tag-enterpriseam-uae tag-fab tag-maotex tag-mohamed-hareb-al-otaiba-group tag-phoenix-group tag-real-estate tag-tech tag-trade 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\/.3a86968d-3ba7-46c8-9a74-722e20c31447.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CAPITAL MARKETS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates Steel Arkan (ESA) and First Abu Dhabi Bank (FAB) will work together on carbon market <\/strong><strong>development<\/strong>, includingcommodity trading, carbon credits, and sustainable investments and deposits, according to a <a target=\"_blank\" href=\"https:\/\/bit.ly\/3RfkMez\" style=\"\" rel=\"noopener\">press release<\/a>. The cooperation will cover current and future ESA projects tailored towards hedging and trading carbon credits, with the aim of making high-integrity green financing readily available in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TRADE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World + Rosatom to partner on new logistics operator: <\/strong>DP World and Russian state corporation <a target=\"_blank\" href=\"https:\/\/www.rosatom.ru\/en\/index.html\" style=\"\" rel=\"noopener\">Rosatom<\/a> inked an agreement for a partnership on \u201can international logistics operator\u201d to operate in Russia and international markets, according to a <a target=\"_blank\" href=\"https:\/\/atommedia.online\/2023\/12\/07\/rosatom-i-dp-world-sozdadut-globalnogo-logi\/\" 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>The details:<\/strong> The agreement, signed on the sidelines of COP28, looks to boost logistics integration between BRICS nations, bolster supply chains, boost trade turnover and sustainable development. The newly created logistics operator will make use of established trade infrastructure in Russia, Eurasia, the Middle East, Africa, and South America, including the Northern Sea Route (NSR).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MANUFACTURING<\/strong><strong>-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mohamed Hareb Al Otaiba Group and Japan\u2019s M-TEchX<\/strong><strong> formed a JV dubbed <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mhao.ae\/en\/cop28\" style=\"\" rel=\"noopener\">Maotex<\/a><\/strong><strong>, the first nanofiber producer in the region<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.tradearabia.com\/news\/OGN_416631.html\" style=\"\" rel=\"noopener\">press release<\/a>. Maotex will be deployed in the oil and gas sectors to absorb oil.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TECH-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Phoenix is getting its hands on Whatsminer\u2019s state-of-the-art mining equipment: <\/strong>Phoenix Group inked a USD 380 mn agreement with Whatsminer on Thursday to integrate the manufacturer\u2019s hydrocooling technology within its HPC data centers, according to a <a target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2023\/12\/07\/2792403\/0\/en\/Phoenix-Group-and-Whatsminer-Seal-380M-Deal-for-Sustainable-Hydro-Powered-Mining-Innovation.html\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement will see Phoenix benefit from mining hardware worth USD 136 mn, with an option still left on the table to acquire an additional value of USD 246 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REAL ESTATE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>VA Properties and RSD Group plan to invest AED 5 bn in a new luxury residential project, <\/strong><strong>Fairmont Dubai Skyline Residences<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/va-properties-announce-strategic-partnership-with-rsg-group-of-companies-for-the-launch-of-fairmont-dubai-skyline-residences-hb6fh5z0\" style=\"\" rel=\"noopener\">press release<\/a>. The project, located in Al Sufouh, will include 121 fully furnished residences with 2-3 bedroom apartments, a half floor sky mansion, and a full-floor sky palace, the statement reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aldar Properties sold all 420 units, worth AED 1 bn, in the first phase of its Ras Al <\/strong><strong>Khaimah residential project<\/strong> on Al Marjan Island, according to an <a target=\"_blank\" href=\"https:\/\/adxservices.adx.ae\/cdn\/contentdownload.aspx?doc=3008681\" style=\"\" rel=\"noopener\">ADX disclosure<\/a>. The beachfront units, including the coveted Nikki Beach Residences, were completely sold within 48 hours of the launch, demonstrating high demand for short-term stay and second home options. Due to significant interest, an additional 150 units have been released for sale. <\/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\/aldar-properties\/\">Aldar Properties<\/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\/carbon-credits\/\">carbon credits<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cop28\/\">COP28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-steel-arkan\/\">Emirates Steel Arkan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fab\/\">FAB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/maotex\/\">Maotex<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mohamed-hareb-al-otaiba-group\/\">Mohamed Hareb Al Otaiba Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/phoenix-group\/\">Phoenix Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87366\" 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=\"87366\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/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\/2023\/12\/11\/nifty-50-hang-seng\/\">\r\n                            India\u2019s stock market poised to overtake Hong Kong as leading trading center                        <\/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\/2023\/12\/11\/nifty-50-hang-seng\/\" 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\/2023\/12\/11\/nifty-50-hang-seng\/')\">\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\/2023\/12\/11\/nifty-50-hang-seng\/\">\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=Nifty 50 > Hang Seng&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/nifty-50-hang-seng\/\">\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\/2023\/12\/11\/nifty-50-hang-seng\/&title=Nifty 50 > Hang Seng\">\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=Nifty+50+%3E+Hang+Seng+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F11%2Fnifty-50-hang-seng%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\/2023\/12\/11\/nifty-50-hang-seng\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/697.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87367\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/nifty-50-hang-seng\/697-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/697.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"697.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/697.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/697.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87366\" class=\"content-area-description single-story post-87366 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-financial-markets tag-hong-kong tag-india tag-planet-finance tag-stocks 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\/.3a86968d-3ba7-46c8-9a74-722e20c31447.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>India\u2019s stock market is on track to eclipse Hong Kong: <\/strong>Recent surges in Indian share prices have put the country\u2019s stock exchange on track to surpass Hong Kong and become one of the world\u2019s largest trading centers, according to the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f263bf84-c3e3-4a0e-b2c6-749e3cc172a0\" style=\"\" rel=\"noopener\">Financial Times<\/a>. The National Stock Exchange of India\u2019s total market cap stood at USD 3.7 tn at the end of October, and with strong earnings and growth projections pushing share prices higher in the weeks since, the Mumbai-based market is poised to take the place of the Hong Kong stock exchange (October market cap: USD 3.9 tn) as the world\u2019s seventh-largest exchange.<\/p>\n<p><a target=\"_blank\" id=\"t.3c68d9ce78d20b4fdcab9685d5a31c011cc1c422\" 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-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,401<\/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: -7.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,952<\/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: +18.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,952<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.3% (YTD: -7.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED 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\">5.3% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,297<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +7.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">24,190<\/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: +65.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,604<\/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: +19.9%)<\/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>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\">7,554<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +1.4%)<\/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>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\">4,523<\/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: +19.2%)<\/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 75.84<\/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\">+2.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.58<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 2,014.50<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.6%<\/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 43,807<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +165.4%)<\/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 ADX fell 0.7% yesterday<\/strong> on turnover of AED 901.27 mn. The index is down 7.4% 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>Gulf Cement (+8.9%), Sharjah Cement and Industrial Development (+8.0%) and Emirates Driving Company (+4.9%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Phoenix Group (-10.0%), National Bank of Umm Al Qaiwain (-5.6%) and Multiply Group (-4.4%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM fell 0.1% yesterday<\/strong> on turnover of AED 255.01 mn. The index is up 18.5% 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\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hong-kong\/\">Hong Kong<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/stocks\/\">stocks<\/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=\"87368\" 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=\"87368\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">16<\/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\/2023\/12\/11\/uae-presses-unsc-for-permanent-gaza-ceasefire-in-new-draft-resolution\/\">\r\n                            UAE presses UNSC for permanent Gaza ceasefire in new draft resolution                        <\/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\/2023\/12\/11\/uae-presses-unsc-for-permanent-gaza-ceasefire-in-new-draft-resolution\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The situation in Gaza is \u201ccatastrophic and close to irreversible\u201d the statement read, <a target=\"_blank\" href=\"https:\/\/twitter.com\/antonioguterres\/status\/1732457928496496793\" style=\"\" rel=\"noopener\">quoting UN Secretary General<\/a> Antonio Guterres. The US vetoed the resolution, barring it from passing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Foreign Affairs Ministry lauded the peace-building <\/strong><strong>measures agreed upon between Azerbaijan and Armenia<\/strong> on Saturday, saying in a <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2023\/12\/9\/9-12-2023-uae-arminia\" style=\"\" rel=\"noopener\">statement<\/a> that the accord will mean greater stability for the Caucasus and the world. President Mohammed bin Zayed Al Nahyan also held a <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2023\/12\/9\/9-12-2023-uae-azrebijan\" style=\"\" rel=\"noopener\">talk with the Azerbaijan President<\/a> on the same day in which he praised the reconciliation efforts.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gaza\/\">Gaza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/un-security-council\/\">UN Security Council<\/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=\"87370\" 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\/2023\/12\/11\/87370-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87370\" class=\"content-area-description single-story post-87370 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;\">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;\">30 November-12 December: COP28, Expo City 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;\">8 December-14 January: Dubai Shopping Festival, City wide.<\/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 December (Tuesday-Thursday): Organic & Natural Expo Dubai 2023, 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;\">13-15 December (Wednesday-Friday): ArabPlast 2023, 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;\">15-16 December (Friday-Saturday): Super Angels 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;\">Signposted to happen sometime in 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;\">2024 <\/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;\">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;\">1 January (Monday): New years 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;\">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;\">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;\">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:400;\">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;\">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 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 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;\">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: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>Global adaptation goal draft at COP28 | More Masdar, more energy | Dubai Taxi shares rise on DFM debut | Al Maktoum solar park phase IV goes 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