{"id":87787,"date":"2023-12-20T00:00:00","date_gmt":"2023-12-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=87787"},"modified":"2025-12-14T23:07:57","modified_gmt":"2025-12-14T23:07:57","slug":"purehealth-shares-to-begin-trading-on-the-adx-today","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/purehealth-shares-to-begin-trading-on-the-adx-today\/","title":{"rendered":"PureHealth shares to begin trading on the ADX today"},"content":{"rendered":"<section id=\"87789\" 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=\"87789\">\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\/20\/non-oil-exports-rose-in-1h-2023-mashreq-customers-now-have-access-to-visa-direct-account\/\">\r\n                            UAE non-oil exports rose in 1H 2023 + Mashreq customers now have access to Visa Direct Account                        <\/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\/20\/non-oil-exports-rose-in-1h-2023-mashreq-customers-now-have-access-to-visa-direct-account\/\" 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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Non-oil exports out of the country rose 15% y-o-y in the first half of the year, recent data from the Federal Competitiveness and Statistics Center. That\u2019s very good news, considering recent forecasts from Oxford Business Group that next year\u2019s GDP growth is going to be underpinned in large part by expansion in the non-oil economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THAT DOESN\u2019T MEAN THERE\u2019S NO CAPITAL MARKETS NEWS-<\/strong> Today will be the first day of trading for PureHealth\u2019s shares on the ADX. The healthcare giant reeled in massive investor interest during its bookbuilding, reporting a 49x oversubscription rate for the institutional portion of the offering, while the retail portion was some 483x oversubscribed. <\/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>Our friends at Mashreq partnered with Visa to allow Mashreq\u2019s customers to send money<\/strong><strong> across<\/strong><strong>44 markets in Europe, North American and South-East Asia<\/strong> faster and more efficiently through the Visa Direct Account feature. This partnership makes Mashreq the first bank in the GCC to leverage Visa\u2019s feature, according to a <a target=\"_blank\" href=\"https:\/\/www.tradearabia.com\/news\/BANK_416942.html\" style=\"\" rel=\"noopener\">press release<\/a>. \u201cThis enhancement allows for global money transfers in near real-time, highlighting Mashreq\u2019s ongoing commitment to consistently improve customer experience through innovative solutions,\u201d Mashreq Head of Payments and Consumer Lending at Kartik Taneja said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Business growth is getting a (digital) shot in the arm:<\/strong> Telecoms giant du and ADGM are working together to push forward on digital transformation and set up an innovation hub to drive business growth in Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/du-and-adgm-forge-strategic-collaboration-for-future-opportunities-cu05ev6d\" style=\"\" rel=\"noopener\">press release<\/a>. The partnership will see the two offering an array of services, including advanced telecommunications solutions, innovative 5G technologies, and tailored business offerings. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>Pay your tolls online: <\/strong>The Dubai toll gate operator Salik inked an MoU on Monday to integrate its amenities into the Abu Dhabi government service platform TAMM, according to a <a target=\"_blank\" href=\"https:\/\/www.dfm.ae\/the-exchange\/news-disclosures\/disclosures\/f82200a2-370e-4140-abbd-edd5920c84cd\" style=\"\" rel=\"noopener\">DFM disclosure<\/a>. Salik will also levy the resources of the Abu Dhabi digital payment platform Abu Dhabi Pay to allow users to manage their Salik balances online.<\/p>\n<p class=\"tag-border-left\">A HANDFUL OF SUSTAINABILITY <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>Bee\u2019ah brings forward its net-zero target to 2040:<\/strong> Waste management company Bee\u2019ah Group has set a target to reach net zero emissions by 2040 within its operations, according to a company <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7142846821923561473\/\" style=\"\" rel=\"noopener\">statement<\/a>. The company is close to reaching carbon neutrality in the Sharjah Emirate alone, where Bee\u2019ah\u2019s zero-waste strategies have enabled a <a target=\"_blank\" href=\"https:\/\/energymea.economictimes.indiatimes.com\/news\/energy-storage\/uae-beeah-announces-commitment-to-achieving-net-zero-emissions-by-2040\/106111474\" style=\"\" rel=\"noopener\">90% landfill waste diversion rate<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Your commute just got greener: <\/strong>Sharjah property developer <a target=\"_blank\" href=\"https:\/\/www.arada.com\/en\/\" style=\"\" rel=\"noopener\">Arada<\/a> inaugurated the Yalla e-mobility platform offering environmentally friendly e-bikes and e-scooters, reports <a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/en\/Articles\/2023\/12\/19\/Arada-launches-Yalla-new-urban-e-mobility-offering\" style=\"\" rel=\"noopener\">Sharjah 24<\/a>. The rentals are available to adults (over 18) residing in Aljada, with parking and charging stations spread across the community. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> Aljada, Sharjah\u2019s largest urban-mixed project, uses a sustainable framework, solar power solutions, waste management, and a sustainable lane for electric vehicles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New marine mission?<\/strong> The Environment Agency of Abu Dhabi (EAD) inked an agreement yesterday to use OceanX, M42, and Bayanat\u2019s marine research technologies to explore environmental conservation parameters, according to <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/environment\/environment-agency-abu-dhabi-partners-with-oceanx-m42-and-bayanat-to-advance-marine-research-and-conservation\/\" style=\"\" rel=\"noopener\">a statement<\/a>. The EAD and OceanX-provided vessels will gather data on Emirati fisheries and biodiversity while M42 conducts assessments and Bayanat assists with AI-powered surveys.The EAD partnered with global ocean explorer OceanX, Bayanat and G24 earlier in <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/oceanx-launches-mission-in-the-uae-in-partnership-with-the-environment-agency-abu-dhabi-g42-and-bayanat-uxs2r4yy\" style=\"\" rel=\"noopener\">November<\/a> to develop a map of the UAE\u2019s marine environment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** You\u2019re reading Zero Issue #16 of EnterpriseAM UAE. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Think of a zero issue as a \u201cbeta.\u201d<\/strong> This issue has not been published or distributed to a wide audience. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Did you receive this as a forward?<\/strong> Email editorial@enterprisemea.com and let us know if you\u2019d like to be added to our list of beta readers ahead of our launch.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Have a comment, criticism, or story tip? <\/strong>Hit up <a target=\"_blank\" href=\"mailto:patrick@enterprisemea.com\" style=\"\" rel=\"noopener\">patrick@enterprisemea.com<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BIG STORIES ABROAD<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG BUSINESS STORIES ABROAD: Global <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/e5fd639b-2c5f-4895-bbfa-35db5535259b\" style=\"\" rel=\"noopener\">shipping<\/a><\/strong><strong> woes <\/strong>dominate the headlines \u2014 we have everything you need to know in this morning\u2019s news well, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AROUND THE REGION- Emirati startups raised 65% less in 2023 than they did last year<\/strong>, lining up just USD 638 mn in new capital commitments. And the final nuclear reactor at the Emirates\u2019 Barakah nuclear plant is now ready to go live, EnterpriseAM UAE reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> Colorado won\u2019t let <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-insurrection-14th-amendment-2024-colorado-d16dd8f354eeaf450558378c65fd79a2\" style=\"\" rel=\"noopener\">Trump<\/a> on the ballot. And <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/google-pay-700-mln-us-consumers-states-play-store-settlement-2023-12-19\/\" style=\"\" rel=\"noopener\">Google<\/a> will pay a USD 700 mn fine and loosen its control over the Play Store to settle a US lawsuit. <\/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>WAR WATCH-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sixty-one more injured Palestinian children arrived in Abu Dhabi, <\/strong>flying in from Egypt\u2019s Al Arish International Airport to receive medical treatment in Emirati hospitals, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq7saq8-uae-welcomes-sixth-group-wounded-palestinian\" style=\"\" rel=\"noopener\">Wam<\/a>. This is the sixth group of wounded Palestinians to arrive in the UAE after President Al Nahyan issued a directive in <a target=\"_blank\" href=\"https:\/\/wam.ae\/a\/appbuw6\" style=\"\" rel=\"noopener\">November<\/a> to provide medical care for 1k injured children and 1k cancer patients from the Gaza Strip.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Catch up on our aid to Gaza-<\/strong><\/p>\n<ul>\n<li>The \u201cGallant Knight 3\u201d <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/3urxki-uae-president-orders-launch-gallant-knight\" style=\"\" rel=\"noopener\">initiative<\/a> established a UAE-run 150-bed field hospital in Gaza, accompanied by 14k tons of relief supplies. <\/li>\n<li>We\u2019ve launched three water desalination plants in Egypt\u2019s Rafah region, supplying 600k gallons of water daily and covering the needs of 300k displaced Palestinians. <\/li>\n<li>The government presented scholarships to 33 students from the besieged strip to continue their studies here.<\/li>\n<\/ul>\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>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This week: <\/strong>Matteo Bocelli, opera singer, musician, and son of the world-famous tenor Andrea Bocelli, performs at the Dubai Opera tomorrow.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chris Brown and Sean Kingston<\/strong> will be hitting the state of Dubai\u2019s Coca Cola Arena on Friday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This weekend:<\/strong> The World Tennis league is coming to Abu Dhabi\u2019s Etihad Arena from tomorrow through to Sunday. Men\u2019s World No 3 Daniil Medvedev and Women\u2019s World No 1 Iga Swiatek head up an impressive draw.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>If tennis isn\u2019t for you, the event will see performances from major music stars<\/strong>, including Neo, Akon, and 50 Cent. <\/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\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/visa\/\">Visa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87791\" 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=\"87791\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">TRADE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/uae-non-oil-exports-rise-15-y-o-y-in-1h-2023\/\">\r\n                            UAE non-oil exports rise 15% y-o-y in 1H 2023                        <\/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\/20\/uae-non-oil-exports-rise-15-y-o-y-in-1h-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\/20\/uae-non-oil-exports-rise-15-y-o-y-in-1h-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\/20\/uae-non-oil-exports-rise-15-y-o-y-in-1h-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=UAE non-oil exports rise 15% y-o-y in 1H 2023&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/uae-non-oil-exports-rise-15-y-o-y-in-1h-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\/20\/uae-non-oil-exports-rise-15-y-o-y-in-1h-2023\/&title=UAE non-oil exports rise 15% y-o-y in 1H 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=UAE+non-oil+exports+rise+15%25+y-o-y+in+1H+2023+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F20%2Fuae-non-oil-exports-rise-15-y-o-y-in-1h-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\/20\/uae-non-oil-exports-rise-15-y-o-y-in-1h-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1221.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87792\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/uae-non-oil-exports-rise-15-y-o-y-in-1h-2023\/1221-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1221.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1221.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1221.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1221.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87791\" class=\"content-area-description single-story post-87791 post type-post status-publish format-standard has-post-thumbnail hentry category-trade tag-enterpriseam-uae tag-exports 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\/.c5acb94f-d4f3-42d5-9845-2c055e75ed74.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The UAE\u2019s total non-oil exports rose 15% y-o-y in terms of value in 1H 2023, rising to AED <\/strong><strong>199<\/strong><strong>.6 bn<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/1326.pdf\" style=\"\" rel=\"noopener\">data (pdf)<\/a> from theFederal Competitiveness and Statistics Centre (FCSC).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Export values for major commodities in 1H 2023:<\/strong> Gold exports amounted to AED 79.8 bn, unwrought aluminum to AED 14.3 bn, with tobacco products and substitutes at AED 8.5 bn, according to FCSC <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/1331.pdf\" style=\"\" rel=\"noopener\">figures<\/a>. Jewelry exports during the period were valued at AED 8.4 bn with copper wire at AED 6.9 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Switzerland \u2665\ufe0f our goods: <\/strong>Switzerland topped the list of the top five countries receiving the highest value of non-oil goods from the UAE in 1H 2023, with exports amounting to AED 22.1 bn. The Swiss were followed by Turkey with AED 18.8 bn, Saudi Arabia with AED 17.2 bn, India with AED 16 bn, and Macedonia with AED 12.5 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We<\/strong><strong> also exported around AED 106 bn worth of industrial exports to 213 <\/strong><strong>international markets in 1H 2023<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2023-12-18-1.4785679\" style=\"\" rel=\"noopener\">Al Bayan<\/a> reports. This marks a twofold increase in the number of markets reached, with the country expanding exports to several European, Asian, and African markets in recent years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By sector: <\/strong>Metal exports comprised 50.6% of total industrial exports, coming particularly through Abu Dhabi and valued at AED 53.2 bn. Food exports followed as the second-highest contributor, constituting 14% of the total, with exports exceeding AED 14.8 bn. Plastic and rubber exports comprised 10.1% of total industrial exports, at a value of AED 10.7 bn. Chemical industry exports stood at AED 8.6 bn, while exports of tools, recording devices, and precision instruments surpassed AED 8.1 bn. Paper and leather goods exports amounted to AED 4.9 bn, stone and ceramic exports reached approximately AED 2 bn, and transport equipment exports stood at AED 1.7 bn.<\/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\/exports\/\">Exports<\/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=\"87793\" 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=\"87793\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/bayanat-yahsat-agree-on-all-share-merger\/\">\r\n                            Bayanat + Yahsat agree on all-share merger                        <\/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\/20\/bayanat-yahsat-agree-on-all-share-merger\/\" 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\/20\/bayanat-yahsat-agree-on-all-share-merger\/')\">\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\/20\/bayanat-yahsat-agree-on-all-share-merger\/\">\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=Bayanat + Yahsat agree on all-share merger&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/bayanat-yahsat-agree-on-all-share-merger\/\">\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\/20\/bayanat-yahsat-agree-on-all-share-merger\/&title=Bayanat + Yahsat agree on all-share merger\">\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=Bayanat+%2B+Yahsat+agree+on+all-share+merger+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F20%2Fbayanat-yahsat-agree-on-all-share-merger%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\/20\/bayanat-yahsat-agree-on-all-share-merger\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87793\" class=\"content-area-description single-story post-87793 post type-post status-publish format-standard hentry category-ma-watch-2 tag-bayanat tag-enterpriseam-uae tag-ma-watch tag-yahsat 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\/.c5acb94f-d4f3-42d5-9845-2c055e75ed74.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Debuting the first AI-powered space-tech company: <\/strong>The boards of AI-company <a target=\"_blank\" href=\"https:\/\/www.bayanat.ai\/\" style=\"\" rel=\"noopener\">Bayanat<\/a> and satellite comms company <a target=\"_blank\" href=\"https:\/\/www.yahsat.com\/\" style=\"\" rel=\"noopener\">Yahsat<\/a> agreed on an all-share merger creating what would be the first AI-powered space technology company in the MENA region, according to ADX disclosures by <a target=\"_blank\" href=\"https:\/\/adxservices.adx.ae\/cdn\/contentdownload.aspx?doc=3016650\" style=\"\" rel=\"noopener\">Bayanat<\/a> and <a target=\"_blank\" href=\"https:\/\/adxservices.adx.ae\/cdn\/contentdownload.aspx?doc=3016013\" style=\"\" rel=\"noopener\">Yahsat<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new merged entity will have a market cap of AED 15 bn (c.USD 4 bn)<\/strong>, based on the closing share prices of both companies the day before the merger announcement on Monday, as well as the issuance of 21% freefloat shares by Bayanat, according to a <a target=\"_blank\" href=\"https:\/\/asharedambition.com\/\" style=\"\" rel=\"noopener\">press release<\/a> on the new entity\u2019s website. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More details on the transaction: <\/strong>The merger will be carried out via a share swap, designating Bayanat as the surviving legal entity. Post-transaction, Bayanat\u2019s shareholders will hold around 54% of the new company, with Yahsat\u2019s shareholders claiming 46%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shareholder structure:<\/strong><a target=\"_blank\" href=\"https:\/\/www.g42.ai\/\" style=\"\" rel=\"noopener\">G42<\/a>, the owner and majority shareholder of Bayanat, will retain a 42% ownership stake in the new entity. Abu Dhabi state fund <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/\" style=\"\" rel=\"noopener\">Mubadala<\/a>, of which Yahsat is a subsidiary, will hold 29%. <a target=\"_blank\" href=\"https:\/\/www.ihcuae.com\/\" style=\"\" rel=\"noopener\">The International Holding Company<\/a> (IHC), which has a 15% stake in Bayanat, will retain an 8% share in the new entity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The merger is currently pending regulatory approvals<\/strong> from the Securities and Commodities Authority and the ADGM Registration Authority, as well as the approval of shareholders, who have 75% of the voting rights at the general assembly meeting of both companies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors: <\/strong>Houlihan Lokey counseled Bayanat with FTI Capital Advisors offering advisory support to Yahsat. <\/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\/bayanat\/\">Bayanat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/yahsat\/\">Yahsat<\/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=\"87794\" 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=\"87794\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/uaes-first-nuclear-power-plant-is-now-complete\/\">\r\n                            ENEC concludes final phase of Barakah nuclear energy plant                        <\/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\/20\/uaes-first-nuclear-power-plant-is-now-complete\/\" 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\/20\/uaes-first-nuclear-power-plant-is-now-complete\/')\">\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\/20\/uaes-first-nuclear-power-plant-is-now-complete\/\">\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=UAE\u2019s first nuclear power plant is now complete&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/uaes-first-nuclear-power-plant-is-now-complete\/\">\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\/20\/uaes-first-nuclear-power-plant-is-now-complete\/&title=UAE\u2019s first nuclear power plant is now complete\">\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=UAE%E2%80%99s+first+nuclear+power+plant+is+now+complete+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F20%2Fuaes-first-nuclear-power-plant-is-now-complete%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\/20\/uaes-first-nuclear-power-plant-is-now-complete\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2220.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87795\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/uaes-first-nuclear-power-plant-is-now-complete\/2220-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2220.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2220.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2220.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2220.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87794\" class=\"content-area-description single-story post-87794 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-barakah-nuclear-plant tag-emirates-nuclear-energy-corporation tag-energy tag-enterpriseam-uae tag-federal-authority-for-nuclear-regulation tag-nawah tag-nuclear-energy 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\/.c5acb94f-d4f3-42d5-9845-2c055e75ed74.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Barakah nuclear plant\u2019s final reactor is ready to go live:<\/strong> The Emirates Nuclear Energy Corporation (<a target=\"_blank\" href=\"https:\/\/www.enec.gov.ae\/\" style=\"\" rel=\"noopener\">ENEC<\/a>) revealed the completion of the Barakah nuclear power plant after the last of the plant\u2019s four nuclear reactors was fully loaded with fuel, ENEC <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/emirates-nuclear-energy-corporation_barakahplant-activity-7142833827059580929-szpo?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">said in a statement<\/a> yesterday. ENEC\u2019s operating and maintenance subsidiary, <a target=\"_blank\" href=\"https:\/\/www.nawah.ae\/en\/\" style=\"\" rel=\"noopener\">Nawah<\/a> Energy Company, concluded loading fuel assemblies into the reactor, bringing the UAE\u2019s first nuclear power plant to the brink of operational capacity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The nuclear energy watchdog greenlit <\/strong><strong>Nawah\u2019s<\/strong><strong> license last month:<\/strong> The Federal Authority for Nuclear Regulation (<a target=\"_blank\" href=\"https:\/\/www.fanr.gov.ae\/en\" style=\"\" rel=\"noopener\">FANR<\/a>) granted Nawah a license in November, authorizing it to operate the fourth reactor of the Barakah nuclear plant for 60 years, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/apoqfae-fanr-issues-operating-license-for-unit-barakah\" style=\"\" rel=\"noopener\">Wam<\/a> reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Barakah:<\/strong> Built by the Korea Electric Power Corporation (<a target=\"_blank\" href=\"https:\/\/home.kepco.co.kr\/kepco\/EN\/main.do\" style=\"\" rel=\"noopener\">KEPCO<\/a>), ENEC launched the plant\u2019s commercial operations in 2021, making it the first nuclear power station in the region. The three currently operational reactors, which were launched in three consecutive years from 2021 to 2023, provide around 30 TW of clean energy annually. Once operational, the fourth reactor will raise the plant\u2019s capacity to 5.6 GW, enabling the Barakah plant to generate 25% of the country\u2019s total electricity until at least 2083, according to <a target=\"_blank\" href=\"https:\/\/www.enec.gov.ae\/news\/latest-news\/final-unit-of-the-barakah-plant-commences-operational-readiness-preparations\/\" style=\"\" rel=\"noopener\">ENEC<\/a>. The third unit added 1.4 GW to the UAE grid back in <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2023\/02\/27\/acwa-powers-100-mw-solar-tower-in-mohammed-bin-rashid-al-maktoum-solar-park-is-operational-97983\/#:~:text=Abu%20Dhabi%E2%80%99s%20Barakah%20Nuclear%20Power%20Plant%E2%80%99s%20third%20unit%20began%20commercial%20operations%20on%20Friday%2C%20adding%201.4%20GW%20of%20clean%20electricity%20to%20the%20UAE%E2%80%99s%20national%20grid.%20(Statement)\" style=\"\" rel=\"noopener\">February<\/a>. Once all four reactors are fully operational, the Barakah power plant is expected to offset up to 22 mn tons of emissions annually. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ENEC still wants more:<\/strong> The government and ENEC have entered into talks with South Korean nuclear energy developers to build two additional reactors, at a total value of USD 15.3 bn, Pulse News, a Korean press outlet, <a target=\"_blank\" href=\"https:\/\/pulsenews.co.kr\/view.php?year=2023&no=600691#:~:text=South%20Korea%20and%20the%20United,APR%201400)%20reactors%20in%202009.\" style=\"\" rel=\"noopener\">reported<\/a> in August. The Barakah One Company \u2014 a JV between ENEC and Kepco \u2014 had refinanced the 5.6 GW Barakah nuclear plant with help from Abu Dhabi Commercial Bank and First Abu Dhabi Bank in <a target=\"_blank\" href=\"https:\/\/climate.enterprise.news\/news\/story?storyId=40d52d47-6d41-4d1e-a45f-5c1d2e83c6cf\" style=\"\" rel=\"noopener\">July<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE is loving nuclear energy:<\/strong> ENEC had inked <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/uae-signs-nuclear-energy-cooperation-agreements-with-china-bodies-2023-05-07\/#:~:text=UAE%20signs%20nuclear%20energy%20cooperation%20agreements%20with%20China%20bodies\" style=\"\" rel=\"noopener\">three agreements<\/a> in May with Chinese nuclear energy firms to cooperate in nuclear energy, high temperature gas-cooled reactors, and nuclear fuel supply and investment. ENEC also signed an <a target=\"_blank\" href=\"https:\/\/climate.enterprise.news\/news\/story?storyId=60591e41-f14e-4247-863d-d56d497127a7#:~:text=UAE%E2%80%99s%20ENEC%20continues,power%20off%2Dtakers.\" style=\"\" rel=\"noopener\">agreement<\/a> last week with small modular reactor (SMR) developers <a target=\"_blank\" href=\"https:\/\/www.moltexflex.com\/\" style=\"\" rel=\"noopener\">Moltex Flex<\/a> and <a target=\"_blank\" href=\"https:\/\/www.usnc.com\/\" style=\"\" rel=\"noopener\">Ultra Safe Nuclear Corporation<\/a> to scale the usage of SMR nuclear technologies both in the UAE and abroad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> ENEC is expected to commence operating the fourth reactor in 2024. Once connected to the electricity grid, Nawah will continue to raise the fourth phase\u2019s power levels in a process known as Power Ascension Testing (PAT). The reactor will be monitored until it reaches its maximum production capacity.<\/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\/barakah-nuclear-plant\/\">Barakah nuclear plant<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nuclear-energy-corporation\/\">Emirates Nuclear Energy Corporation<\/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\/federal-authority-for-nuclear-regulation\/\">Federal Authority for Nuclear Regulation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nawah\/\">Nawah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nuclear-energy\/\">nuclear 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=\"87796\" 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=\"87796\">\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\">REGULATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/govt-rolls-out-new-media-regulations\/\">\r\n                            Gov\u2019t rolls out new media regulations                        <\/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\/20\/govt-rolls-out-new-media-regulations\/\" 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\/20\/govt-rolls-out-new-media-regulations\/')\">\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\/20\/govt-rolls-out-new-media-regulations\/\">\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=Gov\u2019t rolls out new media regulations&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/govt-rolls-out-new-media-regulations\/\">\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\/20\/govt-rolls-out-new-media-regulations\/&title=Gov\u2019t rolls out new media regulations\">\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=Gov%E2%80%99t+rolls+out+new+media+regulations+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F20%2Fgovt-rolls-out-new-media-regulations%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\/20\/govt-rolls-out-new-media-regulations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/1123.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87797\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/govt-rolls-out-new-media-regulations\/1123-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/1123.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1123.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/1123.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/1123.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87796\" class=\"content-area-description single-story post-87796 post type-post status-publish format-standard has-post-thumbnail hentry category-regulation-watch tag-emirates-media-council tag-enterpriseam-uae tag-media tag-regulation-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\/.c5acb94f-d4f3-42d5-9845-2c055e75ed74.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>New media regs: <\/strong>The government has introduced a number of regulations under a new federal law to promote the UAE as a media hub and streamline the Emirati media sector, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq76v4a-uae-government-issues-federal-decree-regulating\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The decree covers all forms of media, from visual, audio to digital \u2014 and also includes production, circulation, printing, and publishing of media content.Chairman of the Media Council Sheikh Zayed bin Hamdan Al Nahyan approved the law during a meeting of the council\u2019s BoD at the National Media Office headquarters in Abu Dhabi, according to an Abu Dhabi Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/government-affairs\/zayed-bin-hamdan-bin-zayed-chairs-uae-media-council-meeting-and-launches-media-sector-priorities-for-next-three-years\/\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new law is designed to push forward transformation in the media field<\/strong> and provide \u201cincentives to develop an economically impactful content industry\u2026 an emerging sector that possesses enormous growth potential, locally and regionally, and can contribute to our media and economic goals,\u201d according to the statement <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The lowdown: <\/strong><\/p>\n<ul>\n<li>The legislative framework defines the role of the Emirates Media Council and other government institutions overseeing media regulation.<\/li>\n<li>The Emirates Media Council is the sole governing body authorized to issue permits for films, video games, books, and social media content. They are also responsible for determining the age ratings and age restrictions for all forms of published entertainment and media.<\/li>\n<li>Individuals working in social media advertising or media content will be granted their licenses to work by the council.<\/li>\n<li>The decree emphasized that all media content must align with national standards, including respect religious belief, and protection of the country\u2019s sovereignty, symbols and institutions, and steering clear of any content that provokes violence, breaches state policies, or spreads misinformation. <\/li>\n<li>The cabinet will grant practitioners in the media and entertainment industry a one-year grace period, starting from the date the law enters into force, to comply with the new regulations.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New media strategy + framework<\/strong>: The meeting also saw the adoption of the council\u2019s priorities for the next three years, which includes discussing new frameworks, and the acceleration of the modernisation of the media legislative system, the statement said.<\/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\/emirates-media-council\/\">Emirates Media Council<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/media\/\">Media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/regulation-watch\/\">REGULATION 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=\"87798\" 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=\"87798\">\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\">REGULATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/human-resources-ministry-pushes-private-sector-companies-on-emiratisation\/\">\r\n                            Human Resources Ministry pushes private sector companies on Emiratisation                        <\/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\/20\/human-resources-ministry-pushes-private-sector-companies-on-emiratisation\/\" 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\/20\/human-resources-ministry-pushes-private-sector-companies-on-emiratisation\/')\">\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\/20\/human-resources-ministry-pushes-private-sector-companies-on-emiratisation\/\">\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=Human Resources Ministry pushes private sector companies on Emiratisation&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/human-resources-ministry-pushes-private-sector-companies-on-emiratisation\/\">\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\/20\/human-resources-ministry-pushes-private-sector-companies-on-emiratisation\/&title=Human Resources Ministry pushes private sector companies on Emiratisation\">\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=Human+Resources+Ministry+pushes+private+sector+companies+on+Emiratisation+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F20%2Fhuman-resources-ministry-pushes-private-sector-companies-on-emiratisation%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\/20\/human-resources-ministry-pushes-private-sector-companies-on-emiratisation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/100.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87799\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/human-resources-ministry-pushes-private-sector-companies-on-emiratisation\/100-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/100.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"100.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/100.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/100.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87798\" class=\"content-area-description single-story post-87798 post type-post status-publish format-standard has-post-thumbnail hentry category-regulation-watch tag-enterpriseam-uae tag-human-resources-and-emiratisation-ministry tag-regulation-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\/.c5acb94f-d4f3-42d5-9845-2c055e75ed74.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Your business will be required to pay up if you\u2019re not complying with <\/strong><strong>Emiratisation targets by next month: <\/strong>The Human Resources and Emiratisation Ministry (MoHRE) urged private sector companies with 50 or more employees to meet the 2% growth target in Emiratisation for skilled jobs by 31 December, according to a <a target=\"_blank\" href=\"https:\/\/www.mohre.gov.ae\/en\/media-centre\/news\/18\/12\/2023\/mohre-calls-on-private-sector-companies-to-meet-emiratisation-targets-for-2023-before-31-december-to-avoid-financial-contributions.aspx\" style=\"\" rel=\"noopener\">ministry statement<\/a>. Companies that \u201cfail to comply with annual Emiratisation targets will be required to pay financial contributions starting from January 2024,\u201d the statement read. Companies falling short of the target are encouraged to use the Nafis platform to access a database of qualified UAE nationals to fill private sector positions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s best not to try to side-step the regs or muddle your figures:<\/strong> The ministry cautioned against efforts to sidestep Emiratisation commitments and emphasized the effectiveness of its inspection system. Since mid-2022, the MoHRE\u2019s inspection team has identified 916 companies violating Emiratisation regulations, attempting to bypass Emiratisation targets, or posting inaccurate Emiratisation information. Some 18k companies adhered to the regulations, bringing the number of Emiratis in the private sector up to 88k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New benefits were introduced for private companies committed to Emiratisation: <\/strong>Companies that meet the target will be prioritized for government procurement contracts, the ministry said in a <a target=\"_blank\" href=\"https:\/\/www.mohre.gov.ae\/en\/media-centre\/news\/14\/12\/2023\/companies-complied-with-emiratisation-targets-to-be-given-priority-in-government-procurement-system.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. They will also be enlisted in the Emiratisation Partners Club and given access to <a target=\"_blank\" href=\"https:\/\/nafis.gov.ae\/\" style=\"\" rel=\"noopener\">Nafis<\/a> company and employee benefits such as financial support and the <a target=\"_blank\" href=\"https:\/\/nafis.gov.ae\/pension-program\" style=\"\" rel=\"noopener\">Nafis Pension Program<\/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\/human-resources-and-emiratisation-ministry\/\">Human Resources and Emiratisation Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/regulation-watch\/\">REGULATION 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=\"87800\" 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=\"87800\">\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\">Tech<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/careem-wants-to-level-up-its-international-remittances-feature\/\">\r\n                            Careem enhances international remittances with iPiD partnership                        <\/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\/20\/careem-wants-to-level-up-its-international-remittances-feature\/\" 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\/20\/careem-wants-to-level-up-its-international-remittances-feature\/')\">\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\/20\/careem-wants-to-level-up-its-international-remittances-feature\/\">\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=Careem wants to level up its international remittances feature&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/careem-wants-to-level-up-its-international-remittances-feature\/\">\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\/20\/careem-wants-to-level-up-its-international-remittances-feature\/&title=Careem wants to level up its international remittances feature\">\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=Careem+wants+to+level+up+its+international+remittances+feature+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F20%2Fcareem-wants-to-level-up-its-international-remittances-feature%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\/20\/careem-wants-to-level-up-its-international-remittances-feature\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/1330.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87801\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/careem-wants-to-level-up-its-international-remittances-feature\/1330-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/1330.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1330.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/1330.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/1330.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87800\" class=\"content-area-description single-story post-87800 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_tech tag-careem tag-enterpriseam-uae tag-fintech tag-remittances tag-tech 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\/.c5acb94f-d4f3-42d5-9845-2c055e75ed74.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Careem joined forces with tech provider iPiD to elevate the international<\/strong><strong> remittance feature of Careem Pay<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/careem-pay-launches-remittances-to-india-partners-with-ipid-to-streamline-international-transfers-h21tarmk\" style=\"\" rel=\"noopener\">press release<\/a>. Careem Pay customers will now simply provide their receiver\u2019s account number, and the \u201cBreeze\u201d feature will automatically verify the account number and display the receiver name for confirmation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Careem eyeing up Philippines + Egypt remittance market:<\/strong> Careem Pay recently extended its remittances services to India and plans to expand further in the upcoming months to the Philippines and Egypt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Telecom giant e& acquired a majority stake in Careem\u2019s super app \u2014 which includes Careem\u2019s fintech services among other things \u2014 for USD 400 mn according to a bourse filing on the ADX. The transaction was inked back in April 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>OTHER TECH NEWS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-China cross-border remittances are now available through Botim:<\/strong> Astra Tech partnered with Tencent Financial Technology to allow PayBy-equipped users of its Ultra messenger app, Botim, to send international transfers to Weixin users in China, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/botim-launches-uaes-first-remittance-to-china-through-weixin-with-tencent-financial-technology-syyrp42w\" style=\"\" rel=\"noopener\">press release<\/a>. Botim users can notify recipients of the remittance with Weixin\u2019s exclusive one-click ShareLink feature.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it works: <\/strong>The transferred funds are deposited in Weixen\u2019s in-app wallet or bank cards linked to the platform, depending on the recipient's choice. Weixen allows users to monitor the status of the remittance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the partners: <\/strong>The region\u2019s leading consumer technology holding group <a target=\"_blank\" href=\"https:\/\/astratech.ae\/\" style=\"\" rel=\"noopener\">Astra Tech<\/a> acquired PayBy, Rizek, and the VoIP app Botim under a Botim umbrella operating in 155 countries. Tencent's fintech division, <a target=\"_blank\" href=\"https:\/\/www.tencent.com\/en-us\/business.html\" style=\"\" rel=\"noopener\">Tencent Financial Technology<\/a>, offers mobile payment and financial services in addition to Weixen in an open ecosystem connecting consumers globally. Botim users in the UAE can send transfers to over 170 countries, owing to Astra Tech\u2019s previous partnerships with financial service company <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/moneygram-joins-forces-with-botim-to-launch-international-money-transfer-to-over-200-countries-301729934.html\" style=\"\" rel=\"noopener\">MoneyGram<\/a> and Egyptian e-payment platform <a target=\"_blank\" href=\"https:\/\/www.fawry.com\/2023\/02\/27\/botim-and-fawry-break-barriers-by-enabling-first-ever-digital-bill-payments-for-egyptian-expats-in-uae\/\" style=\"\" rel=\"noopener\">Fawry<\/a>. The app also features bill payments and Emirati visa services.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/careem\/\">Careem<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/remittances\/\">remittances<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87802\" 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=\"87802\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/investor-interest-in-uae-tech-startups-is-waning\/\">\r\n                            Investor interest in UAE tech startups is waning                        <\/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\/20\/investor-interest-in-uae-tech-startups-is-waning\/\" 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\/20\/investor-interest-in-uae-tech-startups-is-waning\/')\">\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\/20\/investor-interest-in-uae-tech-startups-is-waning\/\">\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=Investor interest in UAE tech startups is waning&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/investor-interest-in-uae-tech-startups-is-waning\/\">\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\/20\/investor-interest-in-uae-tech-startups-is-waning\/&title=Investor interest in UAE tech startups is waning\">\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=Investor+interest+in+UAE+tech+startups+is+waning+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F20%2Finvestor-interest-in-uae-tech-startups-is-waning%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\/20\/investor-interest-in-uae-tech-startups-is-waning\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/482.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87803\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/investor-interest-in-uae-tech-startups-is-waning\/482-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/482.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"482.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/482.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/482.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87802\" class=\"content-area-description single-story post-87802 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam-uae tag-investment tag-startup-watch tag-tech 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\/.c5acb94f-d4f3-42d5-9845-2c055e75ed74.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Tech startups weren\u2019t as popular for investment: <\/strong>Emirati tech startups collected USD 638 mn in funding year-to-date (YTD), down 65% y-o-y, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/funding-into-uae-tech-startups-plunges-65-in-2023-o5td6r15\" style=\"\" rel=\"noopener\">Zawya<\/a> reports, citing the 2023 Tracxn Geo Annual Report on UAE Tech. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Decrease in early and late-stage funding: <\/strong>Early-stage funding declined by 66% y-o-y to reach USD 240 mn YTD. Late-stage financing had an even larger drop, plunging 80% y-o-y to USD 175 mn. The seed stage experienced little change in support, gathering USD 223 mn YTD (a less than 10% y-o-y decline).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Acquisitions were also down:<\/strong> A total of sixteen acquisitions were recorded this year, marking an 11% drop from the 18 acquisitions reported last year, according to the report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tech startups do better in Dubai? <\/strong>Dubai-based tech startups racked up USD 579 mn in funding, while those in Abu Dhabi managed to squeeze USD 54 mn from investors. Umm Al Quwain-based startups had less luck, collecting only USD 5 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who were the investors? <\/strong><a target=\"_blank\" href=\"https:\/\/infive.ae\/\" style=\"\" rel=\"noopener\">In5<\/a>, <a target=\"_blank\" href=\"https:\/\/www.hub71.com\/\" style=\"\" rel=\"noopener\">Hub71<\/a>, and <a target=\"_blank\" href=\"https:\/\/mbrif.ae\/\" style=\"\" rel=\"noopener\">MBRIF<\/a> had the most love for UAE-based tech startups.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fintech companies outperformed their sector,<\/strong> with FinTech leading the race with USD 174 mn collected in funding y-t-d. Environment Tech was runner-up with USD 168 mn, followed by Blockchain Technology, which amassed USD 167 mn. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87804\" 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=\"87804\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/shaista-asif-to-lead-purehealth\/\">\r\n                            Shaista Asif to lead PureHealth                        <\/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\/20\/shaista-asif-to-lead-purehealth\/\" 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\/20\/shaista-asif-to-lead-purehealth\/')\">\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\/20\/shaista-asif-to-lead-purehealth\/\">\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=Shaista Asif to lead PureHealth&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/shaista-asif-to-lead-purehealth\/\">\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\/20\/shaista-asif-to-lead-purehealth\/&title=Shaista Asif to lead PureHealth\">\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=Shaista+Asif+to+lead+PureHealth+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F20%2Fshaista-asif-to-lead-purehealth%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\/20\/shaista-asif-to-lead-purehealth\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1335.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87805\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/shaista-asif-to-lead-purehealth\/1335-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1335.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1335.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1335.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1335.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87804\" class=\"content-area-description single-story post-87804 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-adx tag-enterpriseam-uae tag-moves tag-purehealth 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\/.c5acb94f-d4f3-42d5-9845-2c055e75ed74.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PureHealth has a new CEO ahead of ADX listing:<\/strong> Healthcare giant PureHealth has appointed Shaista Asif as its Chief Executive ahead of the company\u2019s debut on the ADX, taking over the role from Farhan Malik who was named as the conglomerate\u2019s managing director, according to a statement a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/health\/purehealth-appoints-shaista-asif-as-group-ceo\/\" style=\"\" rel=\"noopener\">statement<\/a> from the Abu Dhabi Media Office. During her tenure at PureHealth, Asif served as the group\u2019s chief operating officer, overseeing multiple acquisitions including Abu Dhabi Health Services (SEHA), The National Rehabilitation Center (NRC), The National Health Insurance (Daman),<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- PureHealth is IPOing on ADX:<\/strong> PureHealth is offering a 10% stake (1.11 bn shares) on the ADX, with shares set to begin trading today. The transaction is valued at AED 3.62 bn, with each share at AED 3.26. The healthcare giant closed the subscription period last week with over AED 265 bn in orders. <\/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\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/purehealth\/\">PureHealth<\/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=\"87806\" 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=\"87806\">\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\">TRENDING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/in-280-characters-or-less-uae-on-x-on-20-december-2023\/\">\r\n                            What we\u2019ve been following in UAE X-world                        <\/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\/20\/in-280-characters-or-less-uae-on-x-on-20-december-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(); 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We\u2019re also seeing the hashtag <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%22%D8%A7%D9%84%D8%AF%D8%B9%D9%85%20%D8%A7%D9%84%D8%B3%D8%B1%D9%8A%D8%B9%22&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">\u0627\u0644\u062f\u0639\u0645 \u0627\u0644\u0633\u0631\u064a\u0639#<\/a> \u201cRapid Support Forces\u201d a hashtag that tracks the news and support of one of the factions currently at war in Sudan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aryam is also trending: <\/strong>The Sharjah born singer is also filling up our feeds today with the hashtag <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%23%D8%A7%D8%B1%D9%8A%D8%A7%D9%85_%D8%B9%D8%AC%D8%B2%D8%AA_%D8%A7%D8%B4%D8%B1%D8%AD%D9%84%D9%83&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">\u0627\u0631\u064a\u0627\u0645_\u0639\u062c\u0632\u062a_\u0627\u0634\u0631\u062d\u0644\u0643#<\/a>.<\/p>\n<p><strong>Slightly sportier: <\/strong>It\u2019s transfer time for Cricket fans, so we\u2019re noticing a lot of traction around <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%23iplauction2024&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">#iplauction2023<\/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\/aryam\/\">Aryam<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sudan\/\">Sudan<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/twitter\/\">Twitter<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/x\/\">X<\/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=\"87808\" 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=\"87808\">\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\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/uae-in-the-news-on-20-december-2023\/\">\r\n                            UAE in the News on 20 December 2023                        <\/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\/20\/uae-in-the-news-on-20-december-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\/20\/uae-in-the-news-on-20-december-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\/20\/uae-in-the-news-on-20-december-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=UAE in the News on 20 December 2023&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/uae-in-the-news-on-20-december-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\/20\/uae-in-the-news-on-20-december-2023\/&title=UAE in the News on 20 December 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=UAE+in+the+News+on+20+December+2023+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F20%2Fuae-in-the-news-on-20-december-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\/20\/uae-in-the-news-on-20-december-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/771.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87809\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/uae-in-the-news-on-20-december-2023\/771-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/771.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"771.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/771.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/771.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87808\" class=\"content-area-description single-story post-87808 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-abu-dhabi-islamic-bank tag-enterpriseam-uae tag-nwtn tag-sebastian-kurz 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\/.c5acb94f-d4f3-42d5-9845-2c055e75ed74.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Former Austrian Chancellor Sebastian Kurz penned an article praising the UAE\u2019s relationship <\/strong><strong>with Israel<\/strong>, saying it should be the model for all Middle East cooperation. (<a target=\"_blank\" href=\"https:\/\/www.jpost.com\/opinion\/article-778711\" style=\"\" rel=\"noopener\">The Jerusalem Post<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based Dutco Group also got noticed for purchasing a high-end Scottish hotel<\/strong>, saving it from administration. (<a target=\"_blank\" href=\"https:\/\/www.business-sale.com\/news\/business-sale\/luxury-hotel-acquired-out-of-administration-by-dubaibased-firm-225273\" style=\"\" rel=\"noopener\">Business Sale Report<\/a> | <a target=\"_blank\" href=\"https:\/\/reactnews.com\/article\/dubai-group-buys-first-scottish-hotel-for-15m-upgrade\/\" style=\"\" rel=\"noopener\">React News<\/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\/nwtn\/\">NWTN<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sebastian-kurz\/\">Sebastian Kurz<\/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=\"87810\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87811\" 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=\"87811\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/yellow-door-to-power-aldar-properties-mubadala-announces-new-gas-find-in-indonesia\/\">\r\n                            Yellow Door to power Aldar properties + Mubadala announces new gas find in Indonesia                        <\/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\/20\/yellow-door-to-power-aldar-properties-mubadala-announces-new-gas-find-in-indonesia\/\" 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\/20\/yellow-door-to-power-aldar-properties-mubadala-announces-new-gas-find-in-indonesia\/')\">\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\/20\/yellow-door-to-power-aldar-properties-mubadala-announces-new-gas-find-in-indonesia\/\">\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=Yellow Door to power Aldar properties + Mubadala announces new gas find in Indonesia&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/yellow-door-to-power-aldar-properties-mubadala-announces-new-gas-find-in-indonesia\/\">\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\/20\/yellow-door-to-power-aldar-properties-mubadala-announces-new-gas-find-in-indonesia\/&title=Yellow Door to power Aldar properties + Mubadala announces new gas find in Indonesia\">\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=Yellow+Door+to+power+Aldar+properties+%2B+Mubadala+announces+new+gas+find+in+Indonesia+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F20%2Fyellow-door-to-power-aldar-properties-mubadala-announces-new-gas-find-in-indonesia%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\/20\/yellow-door-to-power-aldar-properties-mubadala-announces-new-gas-find-in-indonesia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/231.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87812\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/yellow-door-to-power-aldar-properties-mubadala-announces-new-gas-find-in-indonesia\/231-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/231.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"231.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/231.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/231.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87811\" class=\"content-area-description single-story post-87811 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-aviation tag-energy tag-enterpriseam-uae tag-evs tag-manufacturing tag-masdar tag-yellow-door-energy 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\/.c5acb94f-d4f3-42d5-9845-2c055e75ed74.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ENERGY-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aldar Properties is partnering with Yellow Door Energy to power 45 of Aldar\u2019s properties with 34 <\/strong><strong>MW of solar energy<\/strong>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/12mdmmy-aldar-partners-with-yellow-door-energy-provide\" style=\"\" rel=\"noopener\">Wam<\/a> reported. Yellow Door Energy will handle the construction, logistics, operations, and maintenance of the systems across the entirety of Aldar\u2019s assets for the next two decades.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aldar\u2019s solar shift: <\/strong>Aldar has been embracing solar power as part of its Net Zero Plan, launched earlier this year to eliminate 560k tonnes of CO2 emissions by 2050. The average clean energy consumption across Aldar's entire portfolio is set to rise by 12%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala strikes gas in Indonesia: <\/strong>Mubadala Energy <a target=\"_blank\" href=\"https:\/\/mubadalaenergy.com\/news\/mubadala-energy-announces-major-gas-discovery-in-south-andaman-indonesia\/\" style=\"\" rel=\"noopener\">reported<\/a> a gas discovery from its Layaran-1 Exploration well off the coast of North Sumatra in Indonesia, which has 170 bn cubic meters in prospective gas resources, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2023\/12\/19\/mubadala-energy-announces-offshore-gas-discovery-in-indonesia\/\" style=\"\" rel=\"noopener\">The National<\/a> writes. This marks the company\u2019s second big gas find in the Andaman area, following one at the Timpan-1 well in July of last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar and the US are eyeing MENA, Africa, and Central <\/strong><strong>Asia\u2019s renewables market: <\/strong>State-owned renewable energy developer Masdar has signed an agreement with the US International Development Finance Corporation to explore renewables projects that can be funded across Africa, the Middle East, and Central Asia, the company <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/masdar.ae\/posts\/pfbid0Kj9fFUSpWdyhUcx2edR5tCSRucYtqwisNA8KZ2F9d2uUymMvEiiWupG1eMYb9741l?__cft__[0]=AZVExHmKaU21gq3aid121_EpCDsz0_LJ3MgpfUqW4kHLfkVeXsyMVPRjR8W4iZw6IQVkXyJetXMoAyiGPl0hdY5tphpjnZA5mrihqrQ_gixTnTgCdeWHQzHJdVGbrv_5WEtPu96q4JVqFh8_sHRfIFU6TXgzbHdj3Y2rIkxT5AMvyt3u9ds5oWMjMuOjrvxb78ogQu2pV-b22OR_bn4rz-iD&__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">said<\/a>. The launch date of the project and how much each side plans to allocate were not disclosed. The Emirati and US governments launched their Partnership for Accelerating Clean Energy (PACE) <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2022\/11\/02\/uae-and-us-agree-to-pour-usd-100-bn-into-green-financing-85859\/\" style=\"\" rel=\"noopener\">back in November<\/a>, aiming to jointly channel USD 100 bn for clean energy and carbon management projects, including carbon capture and storage and direct air capture ventures, by 2035.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MANUFACTURING-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A green aluminum plant comes to KEZAD:<\/strong> Abu Dhabi-headquartered Kings Aluminium Industries began construction on its AED 750 mn aluminum production and recycling facility at AD Ports\u2019 Khalifa Economic Zones on Monday, <a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=a2b8ff8d87&e=5875b1ac4f\" style=\"\" rel=\"noopener\">Wam<\/a> reports. A timeline for the project\u2019s operational launch date was not provided.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The aluminum smelting and repurposing plant will span 100k sq meters and be leased for 50 years by KEZAD Group. The facility will source raw materials from its neighbor, Emirates Global Aluminium, to convert virgin aluminum and aluminum waste into high-quality reusable metal products, cutting back on operational costs alongside emissions, whilst also aligning with Abu Dhabi's environmental goals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ELECTRIC VEHICLES-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EHang moves into Abu Dhabi\u2019s SAVI cluster:<\/strong> Chinese eVtol outfit <a target=\"_blank\" href=\"https:\/\/www.ehang.com\/\" style=\"\" rel=\"noopener\">EHang<\/a> has partnered with <a target=\"_blank\" href=\"https:\/\/wingslogistics.world\/\" style=\"\" rel=\"noopener\">Wings Logistics Hub<\/a>, the eVtol-focused subsidiary of UAE investor <a target=\"_blank\" href=\"https:\/\/eihuae.com\/\" style=\"\" rel=\"noopener\">EIH Ethmar International<\/a>, to roll out Ehang\u2019s autonomous eVtol aircraft in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2023\/12\/18\/2797580\/0\/en\/EHang-Expands-in-UAE-with-a-Strategic-Partnership-and-Sales-Agreement-with-Wings-Logistics-Hub-the-Passenger-eVTOLs-and-Logistics-Tech-Subsidiary-of-Technology-Holding-Company-the-.html\" style=\"\" rel=\"noopener\">statement<\/a>. The partnership will see Ehang move into Abu Dhabi\u2019s Smart and Autonomous Vehicle Industries <a target=\"_blank\" href=\"https:\/\/climate.enterprise.news\/news\/story?storyId=56d7f8c9-cf7d-4600-8c74-f371977576d4\" style=\"\" rel=\"noopener\">(SAVI) Cluster<\/a> and coordinate with Wing Logistics Hub to streamline certification and operations of its EH216 series eVTOLs in the UAE. Wing Logistics plans to purchase up to 100 EH216 units from Ehang with variants for aerial logistics, transport, and firefighting. Deliveries are set to commence in the 1Q 2024, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AVIATION- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mongolian airline Hunnu Air<\/strong> commenced<strong> direct weekly flights <\/strong>from <strong>Ulaanbaatar<\/strong>, Mongola to <strong>Dubai<\/strong>. (<a target=\"_blank\" href=\"https:\/\/akipress.com\/news:749828:Direct_flights_from_Ulaanbaatar_to_Dubai_launched\/\" style=\"\" rel=\"noopener\">Akipress<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DEBT WATCH-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NWTN Motors lands EV financing from ADIB: <\/strong>Abu Dhabi International Bank (ADIB) has partnered with UAE-based green mobility company NWTN Motors to provide financing for the purchase of the Emirate\u2019s first locally manufactured EV, the <a target=\"_blank\" href=\"https:\/\/climate.enterprise.news\/news\/story?storyId=c0df1e98-a6b9-47db-8354-dd20f1785509\" style=\"\" rel=\"noopener\">Rabdan One<\/a>. (<a target=\"_blank\" href=\"https:\/\/www.adib.ae\/en\/pages\/news_details.aspx?id=454\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/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>Digital assets get ins.: <\/strong>Dubai Ins. is partnering with Asian insurtech company OneDegree to secure digital assets in the UAE \u2014 initially to offer commercial liability ins. \u2014 but also including professional indemnity and directors and officers insurance, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/onedegree-secures-funding-from-dubai-insurance-and-launches-partnership-for-digital-asset-insurance-o0kcatav\" style=\"\" rel=\"noopener\">press release<\/a>. Additionally, the entities plan to make custodial wallet insurance available, awaiting regulatory approval. Dubai Ins. also made an undisclosed investment in OneDegree as part of the union. <\/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\/aviation\/\">Aviation<\/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\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/manufacturing\/\">MANUFACTURING<\/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\/yellow-door-energy\/\">Yellow Door 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=\"87813\" 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=\"87813\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/a-unicorn-in-the-restaurant\/\">\r\n                            KSA\u2019s Foodics aims to hit the one-billion-dollar valuation in 2024                        <\/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\/20\/a-unicorn-in-the-restaurant\/\" 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 fintech company aims to become one of the first Saudi players in the industry to make its public markets debut, GM Kamal Marghlani <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/yedvup2r\" style=\"\" rel=\"noopener\">said in an interview<\/a> yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s Foodics? <\/strong>The company is a platform that helps restaurants run everything from payments to orders, reservations, and kitchen inventory. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF KSA: <\/strong>S&P expects the country\u2019s economy to return to growth next year, it said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/1304.pdf\" style=\"\" rel=\"noopener\">latest report (pdf)<\/a> on emerging markets. While the Kingdom\u2019s red-hot non-oil economy continued to grow, GDP as a whole contracted slightly this year on the back of oil production cuts. Oil accounts for c. 45% of Saudi\u2019s economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the other side of the ocean: <\/strong>Growing optimism about the US economy (fuelled by expectations of a Fed rate cut in 2024) continues to drive up stocks and bonds, with the Dow hitting its fifth record high in as many days. The S&P and Nasdaq also closed in the green yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PREOCCUPYING TRADERS this morning: <\/strong><\/p>\n<ul>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/tennessee-sues-blackrock-citing-misleading-esg-strategy-bloomberg-news-2023-12-18\/\" style=\"\" rel=\"noopener\">Sneering<\/a><\/strong><strong> at the ESG crowd<\/strong> over Tennessee\u2019s lawsuit against USD 9.1 tn asset manager BlackRock, where the state alleges its focus on ESG was \u201cmisleading\u201d and not in the interest of consumers;<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5bd3ecf7-7bc0-4362-abd2-571e105589bc\" style=\"\" rel=\"noopener\">Envying<\/a><\/strong><strong> the bonuses of Goldman traders<\/strong>, who are taking home bigger cheques even as revenues fell;<\/li>\n<li><strong>Thinking through how to trade on shipping disruptions<\/strong> in our corner of the world (see this morning\u2019s news well, above). <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LOOKING AHEAD- Asian markets are in the green <\/strong>in early trading this morning. Europe and the Nasdaq look set to follow suit, while the S&P and Dow could open down slightly from yesterday\u2019s high.<\/p>\n<p><a target=\"_blank\" id=\"t.0bf0c2676b0f53afa0fae78b42e8e974a7bbdf1b\" 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<tbody>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/quote\/ADSMI:IND?sref=mmeFTDW1\" style=\"\" rel=\"noopener\">ADX<\/a><\/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\">9,494<\/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: - 7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/quote\/DFMGI:IND?sref=mmeFTDW1\" style=\"\" rel=\"noopener\">DFM<\/a><\/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\">3,998<\/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: + 19.8%)<\/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:1.0;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.nasdaqdubai.com\/products\/ftse\" style=\"\" rel=\"noopener\">Nasdaq Dubai UAE20<\/a><\/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\">3,776<\/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: + 6.04%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.centralbank.ae\/en\/forex-eibor\/exchange-rates\/\" style=\"\" rel=\"noopener\">USD : AED<\/a><\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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:1.0;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.centralbank.ae\/en\/forex-eibor\/eibor-rates\/\" style=\"\" rel=\"noopener\">EIBOR<\/a><\/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\">5.1% 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\">6.2% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/ourmarkets\/main-market-watch\/indices-performance\/!ut\/p\/z1\/lZJBc4IwEIV_Sw8cNVsQyPRGcUStiBZtMRcGYkRmgDAh1tpf31A7nVpb2-aW5Hv7dl-CCIoQqZKnPEtkzqukUPsVsWLTsUAfYghgvsQwH4SDWxODjl0bPZ4C2PcsmE-deaDbJkCoI_IvPYQzUwEz35jAPXhg_U0PPywHfteTUwT3-65C7vBwDIEOln0GnI_4xeR8hjfgQpNjRLKCp8fAnSo1cIaIYBsmmOjuhDreSlk3NxposN_vuxnnWcG6lJcafCfZ8kai6JRsTS5noQq1Nh8ueVoeLZ7Lomo0qAVfa7BOZCIPNdOA8kqySmogWMN3grIO5UXBaPt3GkToNhEylkmTx3QnhCLjRl1ygSJ_YQBaqaezP_Xz4PbAgqDn-RN87Xk2Ctvg3qUhawuzdcgolwKtFqNZ4KK6XC4jyEcdkh6Ml8lm6jtXr2dkFAk!\/p0\/IZ7_5A602H80O0VC4060O4GML81GG7=CZ6_5A602H80O0QU80QFSFB58028C7=M\/?currentSelectedSecotr=MT30&chart_tasi_current_sector=TASI\" style=\"\" rel=\"noopener\">TASI<\/a><\/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\">11,713<\/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: + 11.79%)<\/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:1.0;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.egx.com.eg\/en\/Indices.aspx\" style=\"\" rel=\"noopener\">EGX30<\/a><\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">25,076<\/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% (YTD: + 71.77%)<\/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\">4,768<\/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: +24.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,638<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: -2.5%)<\/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>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\">4,535<\/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: +19.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 79.23<\/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-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.57<\/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\">+3.0%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,053<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 42,339<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.0% (YTD: +156.0%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.2% yesterday<\/strong> on turnover of AED 337.6 mn. The index is up 19.8% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Gulf Cement (+9.9%), ADC Acquisition Corporation (+6.5%) and Burjeel Holdings (+4.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Gulf Medical Properties (-8.4%), Emirates Driving Company (-8.3%) and Bidco (-4.8%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/foodics\/\">Foodics<\/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\/sp\/\">S&amp;P<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tadawul\/\">Tadawul<\/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=\"87815\" 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=\"87815\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/uae-and-china-ink-mou-on-smart-energy-development\/\">\r\n                            UAE and China ink MoU on smart energy development                        <\/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\/20\/uae-and-china-ink-mou-on-smart-energy-development\/\" 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\/20\/uae-and-china-ink-mou-on-smart-energy-development\/')\">\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\/20\/uae-and-china-ink-mou-on-smart-energy-development\/\">\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=UAE and China ink MoU on smart energy development&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/uae-and-china-ink-mou-on-smart-energy-development\/\">\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\/20\/uae-and-china-ink-mou-on-smart-energy-development\/&title=UAE and China ink MoU on smart energy development\">\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=UAE+and+China+ink+MoU+on+smart+energy+development+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F20%2Fuae-and-china-ink-mou-on-smart-energy-development%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\/20\/uae-and-china-ink-mou-on-smart-energy-development\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1319.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87816\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/20\/uae-and-china-ink-mou-on-smart-energy-development\/1319-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1319.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1319.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1319.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1319.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87815\" class=\"content-area-description single-story post-87815 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-abu-dhabi tag-china tag-diplomacy tag-doe tag-enterpriseam-uae tag-smart-energy 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\/.c5acb94f-d4f3-42d5-9845-2c055e75ed74.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE, China to partner in smart energy:<\/strong> The Department of Energy in Abu Dhabi signed an agreement on <a target=\"_blank\" href=\"https:\/\/www.doe.gov.ae\/Media-Centre\/News\/The-Department-of-Energy-in-Abu-Dhabi-and-the-State-Grid-Corporation-of-China-sign\" style=\"\" rel=\"noopener\">Tuesday<\/a> with the State Grid Corporation of China (SGCC) to establish a smart energy and power system running on diversified clean and renewable energy sources. The MoU will see our domestic power network upgraded with new underground gas-insulated cables and integrated AI-powered smart grids. The Gulf Cooperation Council Interconnection Authority (GCCIA) was also a signatory.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE + Egypt ink MoU to boost data center projects in Egypt: <\/strong>The Investment Ministry and Egypt\u2019s Communications and Information Technology Ministry signed an MOU to establish a framework for investments in digital infrastructure, centered on data center projects in Egypt, according to a <a target=\"_blank\" href=\"https:\/\/www.investuae.gov.ae\/announcement\/uae-and-egypt-sign-partnership-agreement-to-accelerate-development-of-digital-economy.html\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement looks to develop bilateral relations between public and private bodies, implement incentives, and streamline the development of data centers with a targeted capacity of 100 megawatts capacity in the first phase, ramping up to 1k megawatts in the future, the statement said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>President Sheikh Mohamed bin Zayed Al Nahyan congratulated Egyptian President Abdel Fattah El Sisi <\/strong><strong>on his re-election<\/strong>, and expressed his commitment to enhance UAE-Egypt ties, in a statement on <a target=\"_blank\" href=\"https:\/\/twitter.com\/MohamedBinZayed\/status\/1736735643114312083?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1736735643114312083%7Ctwgr%5Ee179fba1b700dddc92c594a7832adbc303d40b66%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.thenationalnews.com%2Fuae%2F2023%2F12%2F18%2Fpresident-sheikh-mohamed-congratulates-egypts-el-sisi-on-landslide-election-victory%2F\" style=\"\" rel=\"noopener\">Twitter<\/a>. President El Sisi was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/\/story\/52af37f1-7aa4-4f93-a3d6-cf65ea23456d\/\" style=\"\" rel=\"noopener\">elected to a third term in office<\/a>, and will take the oath of office in early 2024 for a six-year tenure as Egypt\u2019s president until 2030. Initially elected in 2014, the incumbent secured 89.6% of the vote, receiving 39.7 mn votes.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/doe\/\">DoE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/smart-energy\/\">smart 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=\"87817\" 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\/20\/87817-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87817\" class=\"content-area-description single-story post-87817 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;\">8-31 December: Abu Dhabi MOTN Entertainment Festival<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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;\">December 21-23: Abu Dhabi World Tennis League<\/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;\">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:700;\">FEBRUARY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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;\">5-8 March (Tuesday-Friday): Forbes\u2019 Third Annual 30\/50 Summit In Abu Dhabi During International Women\u2019s Day<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12 March (Tuesday): Start of Ramadan, public holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11 April (Thursday): End of Ramadan, public holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12 April (Friday): Eid Al-Fitr, public holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">16-18 April (Tuesday-Thursday): World Future Energy Summit, Abu Dhabi National Exhibition Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">16-18 April (Tuesday-Thursday): Middle East Coatings Show, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23-25 April (Tuesday-Thursday): Connecting Green Hydrogen MENA, Madinat Jumeirah Conference Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">8-9 May (Wednesday-Thursday): Innovative Finance Expo, Jumeirah Emirates Towers.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">14-15 May (Tuesday-Wednesday): Seamless Middle East, Dubai World Trade Centre. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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":"","protected":false},"featured_media":87788,"menu_order":0,"template":"","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-87787","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"17eeb90f-78c5-44d9-a00c-762c67f4235c","teaser":"","photo_url":"https:\/\/ent.news\/2024\/1\/905.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PureHealth shares 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