{"id":87889,"date":"2023-12-18T00:00:00","date_gmt":"2023-12-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=87889"},"modified":"2025-12-14T23:10:03","modified_gmt":"2025-12-14T23:10:03","slug":"adnoc-is-acquiring-another-50-of-fertiglobe","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/adnoc-is-acquiring-another-50-of-fertiglobe\/","title":{"rendered":"ADNOC is acquiring another 50% of Fertiglobe"},"content":{"rendered":"<section id=\"87891\" 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=\"87891\">\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\/18\/this-morning-adnoc-is-taking-over-ocis-stake-in-fertiglobe-adq-has-its-eyes-on-db-schenker\/\">\r\n                            THIS MORNING: ADNOC is taking over OCI\u2019s stake in Fertiglobe + ADQ has its eyes on DB Schenker                        <\/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\/18\/this-morning-adnoc-is-taking-over-ocis-stake-in-fertiglobe-adq-has-its-eyes-on-db-schenker\/\" 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\/18\/this-morning-adnoc-is-taking-over-ocis-stake-in-fertiglobe-adq-has-its-eyes-on-db-schenker\/')\">\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\/18\/this-morning-adnoc-is-taking-over-ocis-stake-in-fertiglobe-adq-has-its-eyes-on-db-schenker\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS MORNING: ADNOC is taking over OCI\u2019s stake in Fertiglobe + ADQ has its eyes on DB Schenker&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/this-morning-adnoc-is-taking-over-ocis-stake-in-fertiglobe-adq-has-its-eyes-on-db-schenker\/\">\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\/18\/this-morning-adnoc-is-taking-over-ocis-stake-in-fertiglobe-adq-has-its-eyes-on-db-schenker\/&title=THIS MORNING: ADNOC is taking over OCI\u2019s stake in Fertiglobe + ADQ has its eyes on DB Schenker\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+MORNING%3A+ADNOC+is+taking+over+OCI%E2%80%99s+stake+in+Fertiglobe+%2B+ADQ+has+its+eyes+on+DB+Schenker+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F18%2Fthis-morning-adnoc-is-taking-over-ocis-stake-in-fertiglobe-adq-has-its-eyes-on-db-schenker%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\/18\/this-morning-adnoc-is-taking-over-ocis-stake-in-fertiglobe-adq-has-its-eyes-on-db-schenker\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/698.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87892\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/this-morning-adnoc-is-taking-over-ocis-stake-in-fertiglobe-adq-has-its-eyes-on-db-schenker\/698-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/698.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"698.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/698.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/698.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87891\" class=\"content-area-description single-story post-87891 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-adq tag-db-schenker tag-enterpriseam-uae tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.47684777-970b-4604-8e1d-a43958d7cfb8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people<\/strong>, and welcome to a fresh week. We have a relatively busy issue with which to start this Monday morning, with plenty of business and capital markets news.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY AT HOME is the Abu Dhabi National Oil Company (Adnoc) snapping up <\/strong><strong>an additional 50% stake in its JV with OCI, Fertiglobe.<\/strong> The two companies established Fertiglobe back in 2019 and it has since become the largest fertilizer producer in the MENA region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>WATCH THIS SPACE- <\/strong>Abu Dhabi sovereign wealth fund ADQ has reportedly expressed interest in acquiringglobal supply chain and logistics solutions provider DB Schenker, <a target=\"_blank\" href=\"https:\/\/www.railfreight.com\/business\/2023\/12\/15\/abu-dhabi-fund-reportedly-interested-in-buying-db-schenker\/?gdpr=deny&gdpr=accept\" style=\"\" rel=\"noopener\">RailFreight<\/a> reports, citing German media. The logistics company is said to be selling 100% of its shares, with the official bidding process still pending. Potential buyers include the Danish transport and logistics company DSV, Germany\u2019s DHL Group, shipping companies Maersk and MSC, and Dubai\u2019s DP World. Analysts estimate the value of Schenker to be between EUR 10-20 bn.<\/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 #15 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\"><a id=\"wwtt2\"><\/a> <strong>PSA #1- Complimentary Wi-Fi for Abu Dhabi residents: <\/strong>Abu Dhabi\u2019sDepartment of Municipalities and Transport (DMT) launched public Wi-Fi coverage without charge across the emirate. Internet service provider Hala will provide Wi-Fi for a string of locations, including public buses, beaches, and 19 public parks, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/infrastructure\/department-of-municipalities-and-transport-launches-hala-wi-fi-to-provide-free-public-internet-across-abu-dhabi\/\" style=\"\" rel=\"noopener\">media release<\/a>. The move is designed to boost the \u201csmart city development\u201d of Abu Dhabi, which currently ranks 13 out of 141 cities in the <a target=\"_blank\" href=\"https:\/\/imd.cld.bz\/IMD-Smart-City-Index-Report-20231\" style=\"\" rel=\"noopener\">2023 IMD Smart City Index report<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>PSA #2- If you toil in Microsoft Teams, your files app is about to become a whole lot more <\/strong><strong>useful.<\/strong> The Redmond-based tech giant is rolling out a new OneDrive integration for Teams that will take away the useless Files tab in your chat and replace it with the baked-in OneDrive app. The updated experience \u2014 familiar to anybody who has used OneDrive on the web \u2014 is rolling out this month to users of <a target=\"_blank\" href=\"https:\/\/techcommunity.microsoft.com\/t5\/microsoft-teams-blog\/announcing-general-availability-of-the-new-microsoft-teams-app\/ba-p\/3934603\" style=\"\" rel=\"noopener\">\u201cnew\u201d Teams<\/a>. \u201cOld\u201d Teams users will get it sometime in January; Microsoft has no plans right now to roll it out to its mobile app. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/techcommunity.microsoft.com\/t5\/microsoft-teams-blog\/effective-file-management-with-the-next-generation-of-onedrive\/ba-p\/4009348\" style=\"\" rel=\"noopener\">You can get an early peek here<\/a><\/strong>if it hasn\u2019t rolled out to your app yet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Two people suffered minor injuries after a section of Al Mulla Plaza in Dubai <\/strong><strong>collapsed on Saturday night. <\/strong>The incident was caused by improper storage of heavy material. Dubai police said on Sunday that the relevant authorities took quick action, with various departments ensuring the safety of everyone involved, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/uae\/emergencies\/two-people-sustain-injuries-as-section-of-al-mulla-plaza-in-dubai-collapses-1.99990768\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>CONDOLENCES-<\/strong> It\u2019s the third and final day of mourning across the country after President Mohamed bin Zayed Al Nahyan declared a mourning period for Kuwait\u2019s ruling Emir, Sheikh Nawaf Al Ahmad Al Sabah, who died on Saturday aged 86, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/uae-declares-3-day-mourning-period-over-death-of-kuwaits-emir\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. Fujairah Ruler Hamad bin Mohammed Al Sharqi <a target=\"_blank\" href=\"https:\/\/sharjah24.ae\/en\/Articles\/2023\/12\/17\/Fujairah-Ruler-coveys-UAE-Presidents-condolences-to-Kuwait\" style=\"\" rel=\"noopener\">was in Kuwait yesterday<\/a> to pay his respects and offer condolences on bin Zayed\u2019s behalf. The emir had been admitted to hospital for an emergency health problem at <a target=\"_blank\" href=\"https:\/\/enterprise.news\/news\/story\/4ff534b7-45d7-45b5-a739-fa5c8f3eed09\/\" style=\"\" rel=\"noopener\">the end of November<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Sabah\u2019s half-brother, Crown Prince Sheikh Mishal Al Ahmad Al Sabah, has been <\/strong><strong>announced as the new emir<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.cmgs.gov.kw\/Weekly-Statement?enc=QWw3Q8QhPZMhGweMWa\/3aA==\" style=\"\" rel=\"noopener\">Kuwaiti cabinet statement<\/a>. President Sheikh Mohamed bin Zayed Al Nahyan has declared a three-day mourning period, according to a <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2023\/12\/16\/16-12-2023-uae-kuwait\" style=\"\" rel=\"noopener\">presidential court<\/a> statement. (<a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/12\/16\/world\/middleeast\/sheikh-nawaf-dead.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2ea257fb-efee-48a2-80a6-fe7d3efdeb80\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/live-news\/20231216-kuwait-emir-sheikh-nawaf-dies-aged-86-royal-court\" style=\"\" rel=\"noopener\">France24<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2023\/12\/16\/middleeast\/kuwait-sheikh-nawaf-dies-intl\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/kuwait-emir-sheikh-nawaf-dies-d4a0e02fd3e5aee29a220686c8df8654\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/kuwaits-state-tv-cuts-koranic-verses-possible-signal-death-royal-family-2023-12-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>MORNING MUST-READ- Remember the meltdown of Germany\u2019s wirecard back in 2020? <\/strong><strong>The missing USD 2 bn? Turns out its COO was a Russian agent <\/strong>\u2014 and that he was using Wirecard to channel money to espionage operations around the world. Go read <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/europe\/hes-wanted-for-wirecards-missing-2-billion-hes-now-suspected-of-being-a-russian-spy-61d79ee2?utm_source=pocket_reader\" style=\"\" rel=\"noopener\">He\u2019s wanted for wirecard\u2019s missing USD bn. He\u2019s now suspected of being a Russian spy<\/a> in the Wall Street Journal. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Runner up: Wherein the New York Times (once more) indulges its inner Orientalist<\/strong> and introduces its readers to <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/12\/15\/opinion\/cop-climate-change-talks.html?searchResultPosition=6\" style=\"\" rel=\"noopener\">the mysterious concept know as \u201cthe majlis.\u201d<\/a> The gray lady, which the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/media\/new-york-times-staffers-form-journalistic-independence-caucus-amid-concerns-over-unions-actions-f9be2a58\" style=\"\" rel=\"noopener\">WSJ<\/a> reports is dealing with something of a newsroom rebellion by the non-woke this morning, credits a \u201cchange-makers majlis\u201d for breaking the deadlock at COP28 in Dubai. (Was that just last week?)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n  <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"user\/subscribe-details\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This week:<\/strong> Legendary Iranian songster <a target=\"_blank\" href=\"https:\/\/dubaiopera.com\/en-US\/product-details?ID=3f993d4d-c33a-ee11-bdf4-6045bd6a52a8\" style=\"\" rel=\"noopener\">Ebi is playing at the Dubai Opera<\/a> tomorrow. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This weekend:<\/strong> There\u2019s a star-studded line-up at the <a target=\"_blank\" href=\"https:\/\/www.worldtennisleague.com\/\" style=\"\" rel=\"noopener\">World Tennis league<\/a>, which hits Abu Dhabi\u2019s Etihad Arena from 21-24 December (Thursday-Sunday). Women\u2019s World No 1 Iga Swiatek and Men\u2019s World No 3 Daniil Medvedev are among those lacing up. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>If tennis isn\u2019t your thing, the event will also be jam-packed with shows<\/strong> from high-profile music stars, 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\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/db-schenker\/\">DB Schenker<\/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=\"87893\" 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=\"87893\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/adnoc-to-acquire-50-stake-in-fertiglobe-from-oci-for-usd-3-62-bn\/\">\r\n                            ADNOC to acquire 50% stake in Fertiglobe from OCI for USD 3.62 bn                        <\/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\/18\/adnoc-to-acquire-50-stake-in-fertiglobe-from-oci-for-usd-3-62-bn\/\" target=\"_blank\">\n                    Open in new tab                   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class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=ADNOC+to+acquire+50%25+stake+in+Fertiglobe+from+OCI+for+USD+3.62+bn+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F18%2Fadnoc-to-acquire-50-stake-in-fertiglobe-from-oci-for-usd-3-62-bn%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\/18\/adnoc-to-acquire-50-stake-in-fertiglobe-from-oci-for-usd-3-62-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3402.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87894\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/adnoc-to-acquire-50-stake-in-fertiglobe-from-oci-for-usd-3-62-bn\/3402-jpeg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3402.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"3402.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3402.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3402.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87893\" class=\"content-area-description single-story post-87893 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-adnoc tag-adx tag-enterpriseam-uae tag-fertiglobe tag-ma-watch tag-oci tag-taziz 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\/.47684777-970b-4604-8e1d-a43958d7cfb8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>ADNOC is acquiring OCI\u2019s share in Fertiglobe:<\/strong><a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi National Oil<\/a><a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/\" style=\"\" rel=\"noopener\">Company<\/a> (ADNOC) has inked a binding agreement with Netherlands-based chemical producer OCI to acquire OCI\u2019s entire 50% stake in ammonia and urea producer <a target=\"_blank\" href=\"https:\/\/fertiglobe.com\/\" style=\"\" rel=\"noopener\">Fertiglobe<\/a> for USD 3.62 bn, according to statements by the three companies (<a target=\"_blank\" href=\"https:\/\/oci-global.com\/news-stories\/press-releases\/oci-announces-agreement-for-the-sale-of-fertiglobe-to-adnoc\/\" style=\"\" rel=\"noopener\">here<\/a>, <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-to-acquire-ocis-stake-in-fertiglobe\" style=\"\" rel=\"noopener\">here<\/a>, and <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/1042.pdf\" style=\"\" rel=\"noopener\">here<\/a>, <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/1042.pdf\" style=\"\" rel=\"noopener\">pdf<\/a>). The transaction prices Fetiglobe shares at an 8% premium at AED 3.20 per share and is expected to close in 2024, according to the statements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> Fertiglobe is a joint venture between ADNOC and OCI, which is owned by Egyptian b\u2019naire Nassef Sawiris. The two companies set up the JV back in 2019. Fertiglobe is currently developing ADNOC\u2019s <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/news-and-media\/press-releases\/2021\/fertiglobe-joins-taziz-as-partner-in-world-scale-blue-ammonia-project-in-ruwais\" style=\"\" rel=\"noopener\">Ta\u2019ziz<\/a> project, the first low-carbon ammonia project in the UAE and the MENA region. The plant is expected to operate with the capacity of about 1 mn tons annually. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who will own what?<\/strong> The transaction will see ADNOC up its stake in Fertiglobe to 86.2%. The remaining 13.8% of shares will continue to be traded in freefloat on the Abu Dhabi Securities Exchange (ADX). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax: <\/strong>Following news of the agreement being made official, Fertiglobe\u2019s shares inched up 0.3% during trading on Friday to AED 3.01 a share \u2014 6.1% below the premium penciled into the agreement. Euronext-listed OCI\u2019s shares dropped 13.7% to EUR 20.12 a share by the end of trading Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>With this acquisition, ADNOC is growing its presence in Egypt through Fertiglobe:<\/strong> Fertiglobe is currently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/news\/story\/d7f65631-b26f-45aa-a4de-a2daadb77981\" style=\"\" rel=\"noopener\">working<\/a> with the Sovereign Fund of Egypt and Norwegian renewables developer Scatec on a 50-100 MW green hydrogen plant in Ain Sokhna. The <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/fertiglobe\/\" style=\"\" rel=\"noopener\">largest<\/a> fertilizer producer in the MENA region also recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/news\/story\/ce49e9e0-e5ac-4a4b-ab10-86a56d08ec26\/\" style=\"\" rel=\"noopener\">shipped<\/a> the world\u2019s first ISCC PLUS-certified (International Sustainability and Carbon Certification) green ammonia from the company\u2019s pilot green hydrogen electrolyzer in Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This isn\u2019t the end of the road for Sawiris and ADNOC: <\/strong>OCI and ADNOC have agreed to explore joint investments in decarbonization and product distribution projects in North America and Europe, OCI said. Sawiris\u2019 private investment office <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/nns-advisers-limited\/about\/\" style=\"\" rel=\"noopener\">NNS<\/a> \u2014 which recently moved its headquarters to Abu Dhabi, as we noted last week \u2014 will also be investing in Fertiglobe, \u201cdemonstrating NNS\u2019s deep conviction \u2026 in the material value creation that lies ahead for Fertiglobe under ADNOC\u2019s stewardship,\u201d Sawiris 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\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adx\/\">ADX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fertiglobe\/\">Fertiglobe<\/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\/oci\/\">OCI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/taziz\/\">Ta\u2019ziz<\/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=\"87895\" 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=\"87895\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/cbuae-keeps-interest-rates-unchanged\/\">\r\n                            The CBUAE maintains interest rates in line with the US Federal Reserve                        <\/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\/18\/cbuae-keeps-interest-rates-unchanged\/\" 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\/18\/cbuae-keeps-interest-rates-unchanged\/')\">\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\/18\/cbuae-keeps-interest-rates-unchanged\/\">\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=CBUAE keeps interest rates unchanged&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/cbuae-keeps-interest-rates-unchanged\/\">\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\/18\/cbuae-keeps-interest-rates-unchanged\/&title=CBUAE keeps interest rates unchanged\">\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=CBUAE+keeps+interest+rates+unchanged+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F18%2Fcbuae-keeps-interest-rates-unchanged%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\/18\/cbuae-keeps-interest-rates-unchanged\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1023.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87896\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/cbuae-keeps-interest-rates-unchanged\/1023-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1023.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1023.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1023.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1023.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87895\" class=\"content-area-description single-story post-87895 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-central-bank-of-the-uae tag-economy tag-enterpriseam-uae tag-federal-reserve tag-interest-rates 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\/.47684777-970b-4604-8e1d-a43958d7cfb8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE holds interest rates steady following US Fed announcement: <\/strong>The Central Bank of the UAE (CBUAE) maintained the base rate for the overnight deposit facility (ODF) unchanged at 5.4% at its meeting last week, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq47pqy-cbuae-maintains-base-rate-540\" style=\"\" rel=\"noopener\">WAM<\/a> reports. The CBUAE also kept interest rates at 50 basis points above the Base Rate. The move follows the US Federal Reserve\u2019s decision on 13 December to maintain the Interest on Reserve Balances (IORB), leaving its key overnight policy rate unchanged at 5.25-5.5%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Across the pond:<\/strong> US Federal Reserve Chair Jerome Powell said on Wednesday that the US' tightening cycle is \u201clikely at or near its peak\u201d and that officials are now <a target=\"_blank\" href=\"https:\/\/enterprise.news\/news\/story\/e85e6761-fae3-4acd-9327-e62118539734\/\" style=\"\" rel=\"noopener\">discussing a reduction in interest rates<\/a> from their current 22-year high, according to <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/ff1f4787-57fb-4187-a215-5a32c55deeed\" style=\"\" rel=\"noopener\">The Financial Times<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking forward: <\/strong>The Fed\u2019s announcement to maintain rates was accompanied by its new forecasts, which reveal that a majority of officials expect rates to end 2024 between 4.5%-4.75%. Projections suggest rates will decrease further in 2025, with a majority of officials forecasting they would finish up between 3.5-3.75%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>The Base Rate, anchored to the US Fed\u2019s IORB, indicates the overall direction of monetary policy and sets a minimum level for overnight money market interest rates in the UAE. <\/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\/central-bank-of-the-uae\/\">Central Bank of the UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/federal-reserve\/\">Federal Reserve<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/interest-rates\/\">interest rates<\/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=\"87897\" 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=\"87897\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/non-oil-sector-ipo-momentum-to-be-main-drivers-of-uaes-economy-in-2024\/\">\r\n                            Non-oil sector, IPO momentum to propel UAE\u2019s economy next year                        <\/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\/18\/non-oil-sector-ipo-momentum-to-be-main-drivers-of-uaes-economy-in-2024\/\" 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\/18\/non-oil-sector-ipo-momentum-to-be-main-drivers-of-uaes-economy-in-2024\/')\">\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\/18\/non-oil-sector-ipo-momentum-to-be-main-drivers-of-uaes-economy-in-2024\/\">\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=Non-oil sector, IPO momentum to be main drivers of UAE\u2019s economy in 2024&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/non-oil-sector-ipo-momentum-to-be-main-drivers-of-uaes-economy-in-2024\/\">\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\/18\/non-oil-sector-ipo-momentum-to-be-main-drivers-of-uaes-economy-in-2024\/&title=Non-oil sector, IPO momentum to be main drivers of UAE\u2019s economy in 2024\">\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=Non-oil+sector%2C+IPO+momentum+to+be+main+drivers+of+UAE%E2%80%99s+economy+in+2024+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F18%2Fnon-oil-sector-ipo-momentum-to-be-main-drivers-of-uaes-economy-in-2024%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\/18\/non-oil-sector-ipo-momentum-to-be-main-drivers-of-uaes-economy-in-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/696.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87898\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/non-oil-sector-ipo-momentum-to-be-main-drivers-of-uaes-economy-in-2024\/696-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/696.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"696.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/696.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/4\/696.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87897\" class=\"content-area-description single-story post-87897 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-uae tag-gdp tag-ipo tag-non-oil-sector tag-oxford-economics 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\/.47684777-970b-4604-8e1d-a43958d7cfb8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>What\u2019s going to be driving UAE growth next year:<\/strong> The UAE\u2019s GDP growth is projected to double to 4.8% y-o-y in 2024, up from the 2023 forecast of <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/us-emirates-gdp-growth\/uae-expects-24-gdp-growth-in-2019-central-bank-idUKKBN1W70FR\/\" style=\"\" rel=\"noopener\">2.4%<\/a> y-o-y, according to the latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/1013.pdf\" style=\"\" rel=\"noopener\">Economic Insights<\/a> report from advisory firm Oxford Economics, commissioned by ICAEW. The growth is projected to be mainly driven by the expansion of the non-oil sector, increasing IPO activity, and the various government economic and development initiatives, such as <a target=\"_blank\" href=\"https:\/\/wetheuae.ae\/en\" style=\"\" rel=\"noopener\">We the UAE 2031<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is an upgraded forecast <\/strong>from the 4.4% y-o-y GDP growth in 2024 that Oxford Economics projected for the UAE in <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/details\/1395303207461\" style=\"\" rel=\"noopener\">October<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Non-oil sector expansion to drive growth: <\/strong>While Oxford Economics now expects the non-energy sector\u2019s GDP growth to slow down to 3.8% y-o-y from this year\u2019s recorded <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/uaes-gdp-grew-37-first-half-2023-supported-by-non-oil-sector-2023-11-01\/#:~:text=Non%2Doil%20growth%20surged%205.9%25%20in%20the%20first%20six%20months%20of%20the%20year%2C%20Abdulla%20bin%20Touq%20Al%20Marri%20said%2C%20speaking%20at%20a%20business%20conference%20in%20Dubai.\" style=\"\" rel=\"noopener\">5.9%<\/a> y-o-y, the modest fall is still expected to lead the economy\u2019s overall growth. Despite the report\u2019s projection being lower, the <a target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2023\/10\/13\/pr23351-uae-imf-staff-concludes-visit#:~:text=%E2%80%9CThe%20economy%20continues%20to%20grow%2C%20benefitting%20from%20strong%20domestic%20activity.%20Non%2Dhydrocarbon%20GDP%20growth%20is%20expected%20to%20exceed%204%20percent%20this%20year%20and%20to%20remain%20at%20a%20similar%20pace%20in%202024%2C%20driven%20by%20tourism%2C%20construction%2C%20and%20real%20estate%20related%20developments.\" style=\"\" rel=\"noopener\">IMF<\/a> also expects a positive performance from the UAE\u2019s non-oil sector, anticipating that the non-oil GDP will grow to 4% for the rest of 2023 and to maintain that growth into 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI:<\/strong> The UAE\u2019s non-oil private sector jumped to a four-year high of 57.7 in October, according to S&P Global\u2019s October <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/12\/1069.pdf\" style=\"\" rel=\"noopener\">purchasing managers\u2019 index (pdf)<\/a>, attesting to the projected upward economic trend. The strong performance was driven by strong demand and a surge in new orders and purchasing activity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE bourses to gain even more traction<\/strong>: IPO activity in the UAE\u2019s stock markets is expected to keep up its momentum on the back of the \u201cdiversification efforts coupled with regulatory reforms and technological upgrades\u201d that are set to attract investors to the regional bourses, which in turn will encourage further IPO activity, Oxford Economics said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE\u2019s stock markets have had a great year: <\/strong>The UAE is going through a privatization drive with <a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/markets\/equities\/ipo\/uae-ipos-surge-through-2023-as-investor-optimism-rises\" style=\"\" rel=\"noopener\">seven<\/a> companies listing their shares on the UAE\u2019s stock markets so far this year, with <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/supermarket-franchisee-spinneys-dubai-plans-ipo-2024-2023-09-24\/\" style=\"\" rel=\"noopener\">more<\/a> set to debut in 2024. Between January and September, the ADX saw an influx of state-owned and private companies listing their shares, with proceeds amounting to USD 3.7 bn, ranking the Abu Dhabi bourse sixth globally in terms of IPO proceeds, according to a <a target=\"_blank\" href=\"https:\/\/assets.ey.com\/content\/dam\/ey-sites\/ey-com\/en_gl\/topics\/ipo\/ey-global-ipo-trends-2023-q3-v1.pdf\" style=\"\" rel=\"noopener\">report<\/a> by EY. The UAE generated over 91% of total GCC IPO proceeds in 1Q 2023, according to a <a target=\"_blank\" href=\"https:\/\/www.markaz.com\/en\/media-center\/our-news\/gcc-ipos-raise-usd-3-5-billion-in-q1-2023\/#:~:text=Markaz%E2%80%99s%20report%20stated%20that%20the%20UAE%20led%20the%20region%20in%20terms%20of%20IPO%20proceeds%20in%20Q1%2D2023%2C%20raising%20a%20total%20of%20USD%203.2%20billion%20from%203%20offerings%20and%20recording%20an%20increase%20of%20192%25%20in%20value%20compared%20to%20Q1%2D2022.%20UAE%20offerings%20constituted%2091%25%20of%20total%20GCC%20IPO%20proceeds%20in%20Q1%2D2023.\" style=\"\" rel=\"noopener\">report<\/a> from Kuwait Financial Centre (Markaz). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In war, no economic outlook is certain for the region: <\/strong>In the scenario where the ongoing Israel-Hamas war escalates, the likelihood of which Oxford Economics puts at 10%, the advisory firm sees the GCC growth rate dropping by 1.8%. In that scenario, the war\u2019s disruption of regional and global oil supplies would likely have an adverse impact on inward investment flows and tourism, as well as causing a global economic slowdown. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/non-oil-sector\/\">non-oil sector<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oxford-economics\/\">Oxford Economics<\/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=\"87899\" 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=\"87899\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/adq-azerbaijan-investment-holding-set-up-usd-1-bn-investment-platform\/\">\r\n                            ADQ, Azerbaijan Investment Holding set up USD 1 bn investment platform                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/adq-azerbaijan-investment-holding-set-up-usd-1-bn-investment-platform\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/adq-azerbaijan-investment-holding-set-up-usd-1-bn-investment-platform\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/adq-azerbaijan-investment-holding-set-up-usd-1-bn-investment-platform\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=ADQ, Azerbaijan Investment Holding set up USD 1 bn investment platform&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/adq-azerbaijan-investment-holding-set-up-usd-1-bn-investment-platform\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/adq-azerbaijan-investment-holding-set-up-usd-1-bn-investment-platform\/&title=ADQ, Azerbaijan Investment Holding set up USD 1 bn investment platform\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=ADQ%2C+Azerbaijan+Investment+Holding+set+up+USD+1+bn+investment+platform+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F18%2Fadq-azerbaijan-investment-holding-set-up-usd-1-bn-investment-platform%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/adq-azerbaijan-investment-holding-set-up-usd-1-bn-investment-platform\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/698.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87900\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/adq-azerbaijan-investment-holding-set-up-usd-1-bn-investment-platform\/698-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/698.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"698.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/698.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/698.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87899\" class=\"content-area-description single-story post-87899 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-adq tag-azerbaijan-investment-holding tag-enterpriseam-uae tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.47684777-970b-4604-8e1d-a43958d7cfb8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>ADQ and Azerbaijan Investment Holding (AIH) established a USD 1 bn joint <\/strong><strong>investment fund<\/strong>,aiming to generate sustainable returns in sectors of mutual priority, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/adq-and-azerbaijan-investment-holding-form-joint-investment-platform-yufhe7ft\" style=\"\" rel=\"noopener\">press release<\/a>. The entities share a 50-50 interest in the JV, each padding the platform with USD 500 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investment targets include agriculture, technology, pharma, and energy infrastructure.<\/strong> The JV aims to tap other investment markets in the near future, according to the press release. \u201cThe new fund will serve as an instrument of implementation of joint projects aimed at long-term development of both respective countries and the wider region,\u201d said Azerbaijan Economy Minister Mikayil Jabbarov.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About ADQ: <\/strong><a target=\"_blank\" href=\"https:\/\/www.adq.ae\/\" style=\"\" rel=\"noopener\">ADQ<\/a> is one of the region\u2019s largest holdings and encompasses over 25 Emirati sectors. The Abu Dhabi investment vehicle drove 22% of the Emirate\u2019s non-oil growth in 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About AIH: <\/strong><a target=\"_blank\" href=\"https:\/\/aih.gov.az\/?lang=en\" style=\"\" rel=\"noopener\">AIH<\/a> is a sovereign wealth fund in Baku that is actively financing long-term development in Azerbaijan. The fund holds USD 22 tn in assets, according to <a target=\"_blank\" href=\"https:\/\/www.swfinstitute.org\/profile\/6172d08c6c4044fc4648c211\" style=\"\" rel=\"noopener\">SWFI Institute data<\/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\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/azerbaijan-investment-holding\/\">Azerbaijan Investment Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87901\" 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=\"87901\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/aqua-bridge-has-its-eyes-on-nasdaq-dubai\/\">\r\n                            Aqua Bridge to IPO on Dubai Nasdaq next year                        <\/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\/18\/aqua-bridge-has-its-eyes-on-nasdaq-dubai\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/aqua-bridge-has-its-eyes-on-nasdaq-dubai\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/aqua-bridge-has-its-eyes-on-nasdaq-dubai\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Aqua Bridge has its eyes on Nasdaq Dubai&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/aqua-bridge-has-its-eyes-on-nasdaq-dubai\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/aqua-bridge-has-its-eyes-on-nasdaq-dubai\/&title=Aqua Bridge has its eyes on Nasdaq Dubai\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Aqua+Bridge+has+its+eyes+on+Nasdaq+Dubai+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F18%2Faqua-bridge-has-its-eyes-on-nasdaq-dubai%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/aqua-bridge-has-its-eyes-on-nasdaq-dubai\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1109.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87902\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/aqua-bridge-has-its-eyes-on-nasdaq-dubai\/1109-jpeg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1109.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1109.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1109.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1109.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87901\" class=\"content-area-description single-story post-87901 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-aqua-bridge tag-dubai-nasdaq tag-enterpriseam-uae tag-ipo tag-ipo-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.ab4a351d-ebdf-415f-8464-347e5af459c3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Aqua Bridge to list on Dubai Nasdaq: <\/strong>Dubai-based <a target=\"_blank\" href=\"https:\/\/aquabridge.ae\/\" style=\"\" rel=\"noopener\">Aqua Bridge<\/a> is \u201cactively considering\u201d listing its shares on Nasdaq Dubai, the aquaculture company said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/aqua-bridge-group-embarks-on-dubai-nasdaq-ipo-journey-amidst-spectacular-growth-f2och7f1\" style=\"\" rel=\"noopener\">press release<\/a>. The company\u2019s plans come as it recorded strong revenue growth over the past year and is expected to see revenues rising 425% during the current fiscal year. The decision \u201cis poised to infuse the company with the capital required to catalyze its growth and solidify its position as an industry leader,\u201d Aqua Bridge CEO Mohammad Tabish said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aqua Bridge is expanding:<\/strong> Established in 2017, the company is the UAE\u2019s only aquaculture service provider. This year, the company moved to establish a subsidiary in Kuwait in partnership with Kuwaiti sovereign-investment firm EnerTech Holding Company. Aqua Bridge was <a target=\"_blank\" href=\"https:\/\/www.seafoodsource.com\/news\/premium\/aquaculture\/aqua-bridge-group-awarded-contract-for-maldives-aquaculture-project\" style=\"\" rel=\"noopener\">awarded<\/a> a contract to develop a major multi-species hatchery in the Maldives last year. Also in 2022, the company inked an agreement to set up a <a target=\"_blank\" href=\"https:\/\/www.rastechmagazine.com\/abraham-accord-fosters-uae-israel-ras-joint-venture\/\" style=\"\" rel=\"noopener\">joint venture<\/a> with Israel-based water filtration firm Aqua Green.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE\u2019s markets have seen an influx of IPO activity: <\/strong>Over the past year, the UAE\u2019s stock markets saw <a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/markets\/equities\/ipo\/uae-ipos-surge-through-2023-as-investor-optimism-rises\" style=\"\" rel=\"noopener\">seven<\/a> companies list their shares. The UAE had its biggest IPO to date, with Adnoc Gas' IPO raising AED 9.1 bn (USD 2.5 bn) when it debuted in March. This month, healthcare firm PureHealth came in second place, with the company set to raise AED 3.62 bn (USD 986 mn) from its IPO on the ADX. Earlier this month, the Dubai Financial Market (DFM) saw state-owned Dubai Taxi debut its shares, selling 25% of the company for USD 315 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\/aqua-bridge\/\">Aqua Bridge<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-nasdaq\/\">Dubai Nasdaq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"87903\" 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=\"87903\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/tabreed-receives-usd-163-mn-green-credit-facility\/\">\r\n                            Tabreed closes USD 163 mn green credit facility                        <\/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\/18\/tabreed-receives-usd-163-mn-green-credit-facility\/\" 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\/18\/tabreed-receives-usd-163-mn-green-credit-facility\/')\">\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\/18\/tabreed-receives-usd-163-mn-green-credit-facility\/\">\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=Tabreed receives USD 163 mn green credit facility&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/tabreed-receives-usd-163-mn-green-credit-facility\/\">\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\/18\/tabreed-receives-usd-163-mn-green-credit-facility\/&title=Tabreed receives USD 163 mn green credit facility\">\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=Tabreed+receives+USD+163+mn+green+credit+facility+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F18%2Ftabreed-receives-usd-163-mn-green-credit-facility%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\/18\/tabreed-receives-usd-163-mn-green-credit-facility\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3521.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87904\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/tabreed-receives-usd-163-mn-green-credit-facility\/3521-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3521.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"3521.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3521.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3521.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87903\" class=\"content-area-description single-story post-87903 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-abu-dhabi-commercial-bank tag-debt-watch tag-dfm tag-emirates-nbd tag-enterpriseam-uae tag-fab tag-green-finance tag-tabreed 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\/.47684777-970b-4604-8e1d-a43958d7cfb8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>DFM-listed <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.tabreed.ae\/\" style=\"\" rel=\"noopener\">Tabreed<\/a><\/strong><strong> inked <\/strong><strong>an USD 163 (AED 600 mn) green revolving credit facility with Abu Dhabi Commercial Bank (ADCB) and Emirates NBD<\/strong>, according to a DFM <a target=\"_blank\" href=\"https:\/\/feeds.dfm.ae\/documents\/2023\/Dec\/14\/a710c59f-ab43-48ea-ace4-2463e40091b4\/TABREED_PR_E_14122023.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> by the company. First Abu Dhabi Bank (FAB) acted as the green coordinator. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where the money\u2019s going:<\/strong> The cooling solution company will use the funds from the five-year credit facility to finance its GCC green expansion plans, the company said. The proceeds will also go towards supporting the company\u2019s energy, water efficiency, and wastewater management projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tabreed\u2019s Green Finance Framework:<\/strong> The company launched its <a target=\"_blank\" href=\"https:\/\/www.tabreed.ae\/wp-content\/uploads\/2022\/11\/Tabreed_Green_Finance_Framework.pdf\" style=\"\" rel=\"noopener\">Green Finance Framework<\/a><a target=\"_blank\" href=\"https:\/\/www.tabreed.ae\/wp-content\/uploads\/2022\/11\/Tabreed_Green_Finance_Framework.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a> in 2022 to attract green equity investors to invest in green projects. Under the framework, Tabreed issues \u201cgreen bonds and loans, with the resulting net proceeds to be used for financing eligible green projects, which include its core business of constructing, acquiring and operating district cooling schemes,\u201d the company says. <\/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-commercial-bank\/\">Abu Dhabi Commercial Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fab\/\">FAB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tabreed\/\">Tabreed<\/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=\"87905\" 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=\"87905\">\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\">CLIMATE FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/uae-caps-its-return-from-alterra-to-attract-more-investors\/\">\r\n                            UAE caps its return from Alterra to attract more investors                        <\/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\/18\/uae-caps-its-return-from-alterra-to-attract-more-investors\/\" 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\/18\/uae-caps-its-return-from-alterra-to-attract-more-investors\/')\">\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\/18\/uae-caps-its-return-from-alterra-to-attract-more-investors\/\">\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 caps its return from Alterra to attract more investors&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/uae-caps-its-return-from-alterra-to-attract-more-investors\/\">\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\/18\/uae-caps-its-return-from-alterra-to-attract-more-investors\/&title=UAE caps its return from Alterra to attract more investors\">\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+caps+its+return+from+Alterra+to+attract+more+investors+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F18%2Fuae-caps-its-return-from-alterra-to-attract-more-investors%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\/18\/uae-caps-its-return-from-alterra-to-attract-more-investors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/184.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87906\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/uae-caps-its-return-from-alterra-to-attract-more-investors\/184-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/184.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"184.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/184.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/184.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87905\" class=\"content-area-description single-story post-87905 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-finance tag-alterra tag-blackrock tag-climate-finance tag-enterpriseam-uae tag-esg tag-tpg 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\/.47684777-970b-4604-8e1d-a43958d7cfb8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE caps its returns from Alterra: <\/strong>The UAE has struck an agreement with <a target=\"_blank\" href=\"https:\/\/www.blackrock.com\/corporate\" style=\"\" rel=\"noopener\">BlackRock<\/a> and alternative asset firm <a target=\"_blank\" href=\"https:\/\/www.tpg.com\/\" style=\"\" rel=\"noopener\">TPG<\/a> to retain a lower percentage of the proceeds from the USD 30 bn climate fund Alterra with the aim of drawing in more investors to the ESG investment vehicle, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-15\/blackrock-tpg-deal-with-uae-finds-new-way-to-juice-esg-returns\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported, citing a person familiar with the terms of the agreement. With the UAE capping its own returns from the fund, other investors will receive about 5% of additional returns, raising their overall return rate from the fund. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s going to be affected?<\/strong> While this arrangement will reportedly only apply to the USD 5 bn catalytic investment fund Alterra Transformation, the UAE\u2019s cap on its own returns will also apply to some funds under Alterra and will see the UAE receive returns that make up about 5% of each fund\u2019s total capital. Moreover, the USD 25 bn fund earmarked for \u201cclimate investments at scale\u201d \u2014 also under Alterra \u2014 will not be subject to any cap on the returns.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The arrangement is a \u201creturn enhancement\u201d to attract more investor money to climate finance<\/strong>, TPG Chairman Jim Coulter said, describing Alterra\u2019s financing structure as \u201cpretty revolutionary.\u201d However, Coulter did not disclose TPG\u2019s own return percentage from its Alterra <a target=\"_blank\" href=\"https:\/\/www.newprivatemarkets.com\/uae-creates-30bn-climate-bucket-commits-to-brookfield-tpg-and-blackrock-funds\/#:~:text=and%20developing%20markets.-,TPG,alongside%20the%20GSI.%20The%20GSI%20will%20also%20seek%20additional%20LP%20commitments.,-BlackRock\" style=\"\" rel=\"noopener\">funds<\/a>. The goal of Alterra\u2019s finance and return structure is to \u201cachieve capital mobilization at scale and in a way that is replicable,\u201d the Alterra spokesperson told Bloomberg, explaining that this design requires \u201cprivate sector market model that targets climate impact as well as positive returns, and can leverage a wide funnel of deployment channels.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Alterra: <\/strong>The UAE launched <a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=0cad1a821a&e=8e5fca127e\" style=\"\" rel=\"noopener\">Alterra<\/a>, a USD 30 bn blended finance vehicle during COP28 to improve access to climate funding for the Global South. The venture \u2014 backed by Chimera Investment-backed Lunate Capital \u2014 aims to mobilize USD 250 bn in green investments by 2030. Alterra \u2014 along with BlackRock, Brookfield, and TPG \u2014 have committed USD 6.5 bn to climate-dedicated funds, some of which are earmarked for 6 GW worth of renewables in India, 1.2 GW of which will start operation in 2025. <\/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\/alterra\/\">Alterra<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/blackrock\/\">BlackRock<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/climate-finance\/\">climate finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/esg\/\">ESG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tpg\/\">TPG<\/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=\"87907\" 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=\"87907\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/improved-social-support-to-boost-emiratisation\/\">\r\n                            New pensions law to encourage 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\/18\/improved-social-support-to-boost-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\/18\/improved-social-support-to-boost-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\/18\/improved-social-support-to-boost-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=Improved social support to boost Emiratisation&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/improved-social-support-to-boost-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\/18\/improved-social-support-to-boost-emiratisation\/&title=Improved social support to boost 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=Improved+social+support+to+boost+Emiratisation+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F18%2Fimproved-social-support-to-boost-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\/18\/improved-social-support-to-boost-emiratisation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/3599.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87908\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/improved-social-support-to-boost-emiratisation\/3599-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/3599.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"3599.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/3599.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/3599.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87907\" class=\"content-area-description single-story post-87907 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-emiratisation tag-enterpriseam-uae tag-general-pension-and-social-security-authority tag-legislation-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\/.47684777-970b-4604-8e1d-a43958d7cfb8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More incentives for Emiratisation: <\/strong>The new <a target=\"_blank\" href=\"https:\/\/gpssa.gov.ae\/en\/Pages\/NewsDetail.aspx?newsId=492#\/\" style=\"\" rel=\"noopener\">Pension and Security Law<\/a> introduces provisions to bridge any gaps in the Emiratisation pension and ins. services and policies, with an eye to improving the pension and social security system and encourage Emirati nationals to join the private sector labor force, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/12m2wun-gpssa-new-federal-decree-law-no-2023-encourages\" style=\"\" rel=\"noopener\">Wam<\/a> reported, citing the General Pension and Social Security Authority (<a target=\"_blank\" href=\"https:\/\/gpssa.gov.ae\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">GPSSA<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What does the new law offer?<\/strong><\/p>\n<ul>\n<li>Increasing employers\u2019 maximum contribution to the pension savings account for Emirati nationals to AED 70k from AED 50k. <\/li>\n<li>Working mothers with five children or more are entitled to request their pensions at a younger age or to subscribe for a shorter period. <\/li>\n<li>Pensions are calculated based on employees\u2019 last six years of work in both the public and private sectors.<\/li>\n<li>Pensioners who have worked in either the public or private sector, whose subscription period has reached 30 years, have the right to merge the pension with a salary from a new job. <\/li>\n<li>The UAE government will support private sector employees who have less than AED 20k in their pension contribution account. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We want more nationals in the private sector:<\/strong> The government <a target=\"_blank\" href=\"https:\/\/nscf.ae\/en\/emiratisation-explained-what-are-the-new-rules-and-fines\/#:~:text=The%20Emirati%20employment%20rate%20is%20projected%20to%20increase%20to%206%20per%20cent%20in%202024%2C%208%20per%20cent%20in%202025%20and%2010%20per%20cent%20in%202026.\" style=\"\" rel=\"noopener\">aims<\/a> to increase the number of Emiratis working in the private sector to 6% in 2024, 8% in 2025, and 10% in 2026. To this end, the government launched the <a target=\"_blank\" href=\"https:\/\/nafis.gov.ae\/\" style=\"\" rel=\"noopener\">Nafis<\/a> program in 2021 to ensure that <a target=\"_blank\" href=\"https:\/\/u.ae\/en\/information-and-services\/jobs\/emiratis-employment-in-private-sector\/emiratisation-targets-in-the-private-sector#:~:text=The%20council%20aims%20to%20get%2075%2C000%20citizens%20into%20the%20private%20sector%20over%20the%20next%20five%20years.%20It%20also%20offers%20many%20initiatives%20to%20empower%20Emirati%20cadres%20and%20motivate%20private%20companies%20to%20attract%20Emirati%20talent.\" style=\"\" rel=\"noopener\">75k<\/a> highly-trained Emirati professionals fill 10% of the positions in private companies by 2026. <\/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\/emiratisation\/\">Emiratisation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/general-pension-and-social-security-authority\/\">General Pension and Social Security Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/legislation-watch\/\">LEGISLATION 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=\"87909\" 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=\"87909\">\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\/18\/uae-x-mourns-kuwaits-ruling-emir-and-talks-sports\/\">\r\n                            UAE X mourns Kuwait\u2019s ruling emir, Sheikh Nawaf Al Ahmad Al Sabah, and talks sports                        <\/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\/18\/uae-x-mourns-kuwaits-ruling-emir-and-talks-sports\/\" 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\/18\/uae-x-mourns-kuwaits-ruling-emir-and-talks-sports\/')\">\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\/18\/uae-x-mourns-kuwaits-ruling-emir-and-talks-sports\/\">\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 X mourns Kuwait\u2019s ruling emir and talks sports&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/uae-x-mourns-kuwaits-ruling-emir-and-talks-sports\/\">\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\/18\/uae-x-mourns-kuwaits-ruling-emir-and-talks-sports\/&title=UAE X mourns Kuwait\u2019s ruling emir and talks sports\">\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+X+mourns+Kuwait%E2%80%99s+ruling+emir+and+talks+sports+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F18%2Fuae-x-mourns-kuwaits-ruling-emir-and-talks-sports%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\/18\/uae-x-mourns-kuwaits-ruling-emir-and-talks-sports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87909\" class=\"content-area-description single-story post-87909 post type-post status-publish format-standard hentry category-trending tag-enterpriseam-uae tag-kuwait tag-liverpool tag-trending tag-valencia 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\/.47684777-970b-4604-8e1d-a43958d7cfb8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This morning on UAE X:<\/strong> The death of Kuwait\u2019s ruling Emir Sheikh Nawaf Al Ahmad Al Sabah, took precedence on Emirati Twitter, with the hashtags <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">#\u0627\u0644\u0643\u0648\u064a\u062a<\/a> (Kuwait) and <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%23%D8%A7%D9%84%D8%B4%D9%8A%D8%AE_%D9%86%D9%88%D8%A7%D9%81_%D8%A7%D9%84%D8%A7%D8%AD%D9%85%D8%AF_%D8%A7%D9%84%D8%B5%D8%A8%D8%A7%D8%AD&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">#\u0627\u0644\u0634\u064a\u062e_\u0646\u0648\u0627\u0641_\u0627\u0644\u0627\u062d\u0645\u062f_\u0627\u0644\u0635\u0628\u0627\u062d<\/a> (Sheikh Nawaf Al Ahmad Al Sabah) trending. We also saw <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%D8%A7%D9%84%D8%A8%D8%AD%D8%B1%D9%8A%D9%86&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">#\u0627\u0644\u0628\u062d\u0631\u064a\u0646<\/a> (Bahrain) and the Emirates spotlighting the country\u2019s three-day grieving period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sportingly:<\/strong> Emiratis also discussed Australia and Pakistan\u2019s cricket showdown on Twitter, making the hashtag <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%23AUSvsPAK&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">#AUSvsPAK<\/a> trend. Other sports talks featured the names of competing football teams, with the hashtags <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%D9%85%D9%8A%D9%84%D8%A7%D9%86&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">#\u0645\u064a\u0644\u0627\u0646<\/a> (Milan), <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%D9%81%D8%A7%D9%84%D9%86%D8%B3%D9%8A%D8%A7&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">#\u0641\u0627\u0644\u0646\u0633\u064a\u0627<\/a> (Valencia), and <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%D9%84%D9%8A%D9%81%D8%B1%D8%A8%D9%88%D9%84&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">#\u0644\u064a\u0641\u0631\u0628\u0648\u0644<\/a> (Liverpool) circulating.<\/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\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/liverpool\/\">Liverpool<\/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\/valencia\/\">Valencia<\/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=\"87911\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv 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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=\"87912\">\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\/18\/uae-in-the-news-on-18-november-2023\/\">\r\n                            UAE in the News on 18 November 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\" 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      <a href=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/uae-in-the-news-on-18-november-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1121.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"87913\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/uae-in-the-news-on-18-november-2023\/1121-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1121.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1121.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1121.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1121.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87912\" class=\"content-area-description single-story post-87912 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-cop28 tag-enterpriseam-uae tag-mohammed-bin-rashid-al-maktoum 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\/.47684777-970b-4604-8e1d-a43958d7cfb8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UK press picked up on Dubai ruler Sheikh Mohammed bin Rashid Al <\/strong><strong>Maktoum\u2019s plans to extend his mansion<\/strong> in the Scottish highlands (<a target=\"_blank\" href=\"https:\/\/www.dailymail.co.uk\/news\/article-12858687\/Dubai-Sheikh-Maktoum-wants-add-11-bed-mansion-two-houses-hunting-lodge-Highlands-estate-63-000-acre-site-limited-lack-accommodation.html\" style=\"\" rel=\"noopener\">Daily Mail<\/a>), while COP28 continues to make headlines, with publications around the world weighing up the historic call for a global transition away from fossil fuels. (<a target=\"_blank\" href=\"https:\/\/www.telegraphindia.com\/opinion\/dubai-disappointment-editorial-on-decision-to-transition-away-from-fossil-fuels-at-cop-28\/cid\/1987232\" style=\"\" rel=\"noopener\">Telegraph India<\/a> | <a target=\"_blank\" href=\"https:\/\/www.trtworld.com\/middle-east\/un-decries-nations-posturing-at-cop28-calls-to-speed-up-climate-action-16124520\" style=\"\" rel=\"noopener\">TRT World<\/a>)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cop28\/\">COP28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mohammed-bin-rashid-al-maktoum\/\">Mohammed bin Rashid Al Maktoum<\/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=\"87914\" 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=\"87914\">\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 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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/adio-gridserve-developing-ev-industry-ras-al-khaimah-gets-greener-bus-stops-wizz-air-launches-route-with-turkistan\/1742-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1742.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1742.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1742.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1742.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87914\" class=\"content-area-description single-story post-87914 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi-investment-office tag-also-on-our-radar tag-aviation tag-capital-markets tag-careem tag-climate tag-enterpriseam-uae tag-evs tag-gridserve tag-infrastructure tag-ras-al-khaimah tag-real-estate tag-salik tag-transport tag-war-watch tag-wizz-air 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\/.47684777-970b-4604-8e1d-a43958d7cfb8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TRANSPORT-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADIO, Gridserve to develop the electric vehicle industry:<\/strong> The Abu Dhabi Investment Office (ADIO) inked a partnership with UK-based EV sustainable energy provider <a target=\"_blank\" href=\"https:\/\/www.gridserve.com\/\" style=\"\" rel=\"noopener\">Gridserve<\/a> to advance the UAE\u2019s electric vehicle and smart mobility industries, ADIO said in a <a target=\"_blank\" href=\"https:\/\/www.investinabudhabi.ae\/News\/ADIO-and-GRIDSERVE-to-power-the-future-of-mobility\" style=\"\" rel=\"noopener\">statement<\/a>. The partnership, announced on the sidelines of COP28, will see Gridserve join Abu Dhabi\u2019s Smart and Autonomous Vehicles Industry (<a target=\"_blank\" href=\"https:\/\/www.investinabudhabi.ae\/News\/Abu-Dhabis-Smart-and-Autonomous-Vehicles-Industry-cluster-partners-with-Pony-ai\" style=\"\" rel=\"noopener\">SAVI<\/a>) cluster to accelerate the emirate\u2019s transition to smart and autonomous EVs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Green bus stops in Ras Al Khaimah: <\/strong>The Ras Al Khaimah Transport Authority (RAKTA) launched a new generation of public bus stops, powered by renewable solar energy and designed with natural materials extracted from mountains, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq5ekv9-rakta-launches-new-generation-solar-powered-public\" style=\"\" rel=\"noopener\">Wam<\/a>. RAKTA will up the number of upgraded transport shelters across the Emirate as part of its 2023-2030 strategy to enhance mass transport infrastructure and coax residents to ditch their cars. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai toll operatore Salik will be able to deliver its tags to customers directly through Careem Quik<\/strong>, a high-speed grocery service on the Careem app, as part of the expansion of Salik\u2019s partnership with Careem, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/salik-expands-partnership-with-careem-o0oax781\" style=\"\" rel=\"noopener\">press release<\/a>. 300k customers have linked their postpaid and prepaid bills to Careem Pay, enabling them to automate payments for Salik recharges and other expenses. \u201cWe hope to help people free up more time in their day by removing the need to drive to other locations to buy a Salik tag,\u201d Mudassir Sheikha, CEO and co-founder of Careem said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trucking through alternative roads:<\/strong> Dubai's RTA, in collaboration with Dubai Police, has implemented a 24\/7 truck ban on specific Nad Al Sheba roads following Al-Meydan Street improvements, according to a press release by the <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/banning-truck-movement-on-some-internal-roads-of-nad-al-sheba-reserve\" style=\"\" rel=\"noopener\">RTA<\/a> on Saturday. The move, effective since December, supports the strategic development plans for the area. Developers and truck drivers are urged to use designated alternative routes, with permits required for restricted roads.<\/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>Budget-friendly airline Wizz Air Abu Dhabi will launch an air route <\/strong><strong>between Turkistan and Abu Dhabi on 16 January <\/strong>2024, featuring three weekly flights providing flexible travel choices on Tuesdays, Thursdays, and Saturdays. (<a target=\"_blank\" href=\"https:\/\/astanatimes.com\/2023\/12\/wizz-air-abu-dhabi-launches-flight-to-turkistan-starting-january-next-year\/\" style=\"\" rel=\"noopener\">The Astana Times<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REAL ESTATE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADX-listed GFH is launching a new development in Bahrain\u2019s Manama<\/strong>, named Areen, with the backing of Bahraini Prince Abdullah bin Hamad bin Isa Al Khalifa, according to an <a target=\"_blank\" href=\"https:\/\/adxservices.adx.ae\/cdn\/contentdownload.aspx?doc=3012543\" style=\"\" rel=\"noopener\">ADX disclosure<\/a>. The 2 mn sqm project will accommodate 25k Bahrainis across 16 major clusters of commercial offices, rental units, and facilities for hospitality and entertainment. The blueprints for Areen also include a new <a target=\"_blank\" href=\"https:\/\/www.raffles.com\/\" style=\"\" rel=\"noopener\">Raffles Hotels & Resorts<\/a> branch spanning 131k sqm. The five-star hotel resort opened last Monday, complete with 78 villas, 120 rooms, and five F&B outlets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Reportage launches residential project in Abu Dhabi: <\/strong>Abu Dhabi-based real estate developer Reportage has unveiled its new 844-unit residential project, dubbed Royal Park, in Abu Dhabi\u2019s Masdar City, <a target=\"_blank\" href=\"https:\/\/www.tradearabia.com\/news\/CONS_416893.html\" style=\"\" rel=\"noopener\">TradeArabia<\/a> reports. With the launch of the new project, Reportage has expanded its portfolio in Masdar City to six projects, boasting some 2.7k residential units. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CLIMATE- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You can track your carbon footprint:<\/strong> The National Experts Program (NEP)rolled out an application on Wednesday with the Climate Change and Environment Ministry to measure carbon emissions of an individual Emiratis, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq47pf8-nep-launches-new-uae-environmental-identity\" style=\"\" rel=\"noopener\">Wam<\/a>. The new UAE Environmental Identity (UAEEI) app tracks data on consumer choices, with the aim of reducing emissions by 43% by 2030. The project is being funded by sovereign investor company <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/\" style=\"\" rel=\"noopener\">Mubadala<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.doe.gov.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Department of Energy<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REGULATION-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Central Bank of the UAE (CBUAE) revoked Emirati <\/strong><strong>ins. broker Cogent\u2019s license <\/strong>after failing to comply with <a target=\"_blank\" href=\"https:\/\/www.centralbank.ae\/media\/m2didafs\/15-of-2013-concerning-insurance-brokerage-regulations.pdf\" style=\"\" rel=\"noopener\">regulations<\/a>, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq4t4mc-cbuae-revokes-licence-and-registration-cogent\" style=\"\" rel=\"noopener\">Wam<\/a>. The broker was axed from the CBUAE\u2019s Register on Thursday, with no further information provided. The Central Bank's move comes one year after it enacted <a target=\"_blank\" href=\"https:\/\/www.centralbank.ae\/media\/njqesoo0\/cbuae-issues-new-guidance-on-anti-money-laundering-and-combatting-the-financing-of-terrorism-for-the-insurance-sector_en.pdf\" style=\"\" rel=\"noopener\">strict guidelines<\/a> to offset money laundering and terrorism financing in the insurance sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Human<\/strong><strong> Resources Ministry clamps down on two domestic recruitment <\/strong><strong>agencies:<\/strong> The Human Resources and Emiratisation Ministry revoked the licenses of the Emirates International Centre for Domestic Workers and Al Shamsi Domestic Workers for violating the domestic workers law, the ministry said in a <a target=\"_blank\" href=\"https:\/\/www.mohre.gov.ae\/en\/media-centre\/news\/15\/12\/2023\/mohre-revokes-licenses-of-2-domestic-worker-recruitment-agencies-for-legal-violations.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. The agencies will still be legally obligated to settle the status of their workers and pay any imposed penalties until the date of the license revocation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CAPITAL MARKETS- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX and the Shenzhen Stock Exchange (SZSE) agree to enhance <\/strong><strong>cross-border investment and ETF cooperation<\/strong>, according to an ADX <a target=\"_blank\" href=\"https:\/\/www.adx.ae\/English\/pages\/NewsDetails.aspx?viewid=20231213142025\" style=\"\" rel=\"noopener\">statement<\/a>. The two exchanges inked an MoU, following similar agreements between the SZSE and Saudi exchanges, and the Shanghai Stock Exchange and the Dubai Financial Market, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/shenzhen-abu-dhabi-exchanges-link-up-china-middle-east-move-closer-2023-12-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. This comes amid a surge of collaboration between institutions in nations seeking to reduce dependence on the West. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A shift in international investment flows: <\/strong>There has been increased investment flows between the Middle East and China while some global investors are shifting their focus from China to Southeast Asian nations like Vietnam and Malaysia, Mike Wardle, CEO of London-based think tank Z\/Yen Group explained. Hong Kong has been strengthening its bonds with the Middle East, and recently launched the first ETF in the Asia-Pacific region tracking Saudi Arabian equities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Central Asian Stock Exchange to join ADX\u2019s Tabadul: <\/strong>The Abu Dhabi Securities Exchange (ADX) signed an agreement with Tajikistan\u2019s Central Asian Stock Exchange (CASE) to officially add CASE to ADX\u2019s cross-market trading platform, <a target=\"_blank\" href=\"https:\/\/tabadul.sa\/\" style=\"\" rel=\"noopener\">Tabadul<\/a>, according to an ADX <a target=\"_blank\" href=\"https:\/\/adxservices.adx.ae\/cdn\/contentdownload.aspx?doc=3013913\" style=\"\" rel=\"noopener\">press release<\/a>. The partnership, expected to be implemented early 2024, will allow investors to access and directly trade on both bourses through Tabadul. CASE joins current Tabadul members ADX, Bahrain Bourse, Muscat Securities Market, and Astana International Exchange. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>INFRASTRUCTURE-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EBS to build two hangars at Abu Dhabi Airport: <\/strong>Steel structure manufacturer <a target=\"_blank\" href=\"https:\/\/www.ebsl.com\/\" style=\"\" rel=\"noopener\">Emirates Building Systems<\/a> (EBS) has been awarded an AED 34 mn contract to build two aircraft hangars at Abu Dhabi Airport, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-building-systems-wins-major-airport-project-worth-more-than-aed-34mln-in-abu-dhabi-pei9rq95\" style=\"\" rel=\"noopener\">press release<\/a>. EBS will be responsible for engineering, fabrication, supply, construction, and the application of fire-rated paint, with the fast-tracked project slated for completion in early 2024, the press release says. <\/p>\n<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>ENEC, China National Nuclear Corporation to partner in global nuclear energy <\/strong><strong>projects: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.enec.gov.ae\/\" style=\"\" rel=\"noopener\">Emirates Nuclear Energy Corporation (ENEC)<\/a> inked an MoU on Friday with <a target=\"_blank\" href=\"https:\/\/en.cnnc.com.cn\/\" style=\"\" rel=\"noopener\">China National Nuclear Corporation (CNNC)<\/a> to strategize windows for developing new nuclear energy plants globally, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq5ekdv-enec-china-national-nuclear-corporation-sign-mous\" style=\"\" rel=\"noopener\">Wam<\/a>. The agreement will see the corporations form a Joint Working Group to guide countries eyeing the nuclear energy sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nuclear solutions for energy scarcity:<\/strong> ENEC and CNNC will also launch High-Temperature Gas-Cooled Reactors (HTGR) for power generation and heat, addressing the need to triple global nuclear energy capacity by 2050 in the transition to clean energy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.se.com\/eg\/en\/\" style=\"\" rel=\"noopener\">Schneider Electric<\/a><\/strong><strong> inked an MoU with Masdar City-based technology company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.volts.world\/\" style=\"\" rel=\"noopener\">Volts<\/a><\/strong> to establish a giga-industrial facility in Abu Dhabi to produce Battery Energy Storage Systems (BESS), according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/energy\/schneider-electric-volts-to-set-up-giga-bess-plant-in-abu-dhabi-mi2kus6o\" style=\"\" rel=\"noopener\">press release<\/a>. Both companies are looking into new tech and services to make industrial and home energy storage systems, including battery cells. <\/p>\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>More aid from Gallant Knight 3:<\/strong> An aid ship carrying 4,016 tonnes of humanitarian cargo recently arrived at Egypt\u2019s Al Arish City after setting sail from the port of Fujairah in an attempt to alleviate the plight of the Palestinians in Gaza, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/world\/middle-east\/uae-aid-ship-arrives-in-al-arish-carrying-4-000-tonnes-of-gaza-relief-xm6zzv84\" style=\"\" rel=\"noopener\">Wam<\/a> writes. The ship delivered 3,465 tonnes of food supplies, 420 tonnes of shelter materials, and 131 tonnes of medical aid were granted by the Khalifa bin Zayed Al Nahyan Foundation and the Zayed Bin Sultan Al Nahyan Charitable and Humanitarian Foundation. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-office\/\">Abu Dhabi Investment Office<\/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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/climate\/\">climate<\/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\/gridserve\/\">Gridserve<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ras-al-khaimah\/\">Ras Al Khaimah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/salik\/\">Salik<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/war-watch\/\">War Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/wizz-air\/\">Wizz Air<\/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=\"87916\" 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=\"87916\">\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\/18\/green-finance-could-be-in-trouble\/\">\r\n                            Green finance could be in trouble                        <\/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\/18\/green-finance-could-be-in-trouble\/\" 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 regulations will increase capital requirements, making it more expensive for banks to provide finance \u2014 \u201cfundamentally alter[ing]\u201d their approach to risk and affect their ability to allocate funds to green projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US\u2019 biggest banks aren\u2019t happy: <\/strong>JP Morgan alleges that the new rules would \u201cfor sure\u201d affect its green projects financing, while Goldman Sachs CEO David Solomon warned that the new regulations would push the capital requirements for some of its green energy products to \u201cquadruple.\u201d Citigroup Vice Chairman of Banking, Capital Markets and Advisory Jay Collins also chimed in on the topic in an interview cited by Bloomberg, claiming that \u201cas long as there is so much policy noise and regulatory fog, the multifold increase in climate investment won\u2019t happen.\u201d<\/p>\n<p><a target=\"_blank\" id=\"t.106b66a0a8bfb32c04ddbe97eb8f98c4331714d8\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;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\">9,498<\/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: -7.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;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\">4,001<\/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: +19.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;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\">3,770<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: - 6.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.centralbank.ae\/en\/forex-eibor\/exchange-rates\/\" style=\"\" rel=\"noopener\">USD : AED<\/a><\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;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\">5.0% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+5.5% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;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\">11,601<\/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: +10.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">24,792<\/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: +69.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;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\">4,719<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +22.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,576<\/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: +1.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,549<\/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: +19.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 76.92<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5%<\/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>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 2.50<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;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 2,036<\/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 40,956<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.7% (YTD: +150.1%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.2% on Friday<\/strong>on turnover of AED 1.62 bn. The index is down 7.0% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Gulf Medical Projects Company (+11.6%), National Bank of Fujairah (+11.1%) and Ooredoo (+8.0%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Hayah Ins. (-9.8%), Palm Sports (- 9.1%) and Kiko (-5.9%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.5% on Friday<\/strong>on turnover of AED 442.66 mn. The index is up 19.9% YTD.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/green-economy\/\">Green Economy<\/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\/wall-street\/\">Wall Street<\/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=\"87918\" 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=\"87918\">\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\/18\/ireland-turkey-kazakhstan-all-in-talks-with-uae\/\">\r\n                            Busy times in the world of diplomacy                        <\/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\/18\/ireland-turkey-kazakhstan-all-in-talks-with-uae\/\" 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\/18\/ireland-turkey-kazakhstan-all-in-talks-with-uae\/')\">\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\/18\/ireland-turkey-kazakhstan-all-in-talks-with-uae\/\">\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=Ireland, Turkey, Kazakhstan all in talks with UAE&url=https:\/\/enterpriseam.com\/uae\/2023\/12\/18\/ireland-turkey-kazakhstan-all-in-talks-with-uae\/\">\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\/18\/ireland-turkey-kazakhstan-all-in-talks-with-uae\/&title=Ireland, Turkey, Kazakhstan all in talks with UAE\">\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=Ireland%2C+Turkey%2C+Kazakhstan+all+in+talks+with+UAE+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2023%2F12%2F18%2Fireland-turkey-kazakhstan-all-in-talks-with-uae%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\/18\/ireland-turkey-kazakhstan-all-in-talks-with-uae\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87918\" class=\"content-area-description single-story post-87918 post type-post status-publish format-standard hentry category-diplomacy tag-brazil tag-diplomacy tag-enterpriseam-uae tag-ireland tag-kazakhstan tag-turkey 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\/.47684777-970b-4604-8e1d-a43958d7cfb8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE + Ireland FinMin talk economic cooperation:<\/strong> Minister of State for Financial Affairs Mohamed Hadi Al Hussaini and Irish Finance Minister Michael McGrath discussed collaborating on economic development and improving the regulatory environment between both, focusing on non-traditional sectors such as AI, fintech, and entrepreneurship, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/mohamed-al-hussaini-meets-irish-minister-of-finance-otbe09vf\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Nahyan + Erdogan dial in: <\/strong>President Mohamed bin Zayed Al Nahyan called Turkish President Recep Tayyip Erdogan to discuss mutual cooperation and the ongoing situation in Gaza, emphasizing a ceasefire and advocating for eventual peace through a two-state solution, a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/economy\/gcc\/uae-president-president-of-turkey-review-bilateral-ties-regional-developments-ialm4w11\" style=\"\" rel=\"noopener\">WAM<\/a> writes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>UAE + Kazakhstan to bolster their partnership in fighting financial crimes: <\/strong>The Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AML\/CTF) and the Financial Monitoring Agency of the Republic of Kazakhstan (FMA) inked an MoU, which aims to increase the two countries\u2019 collaboration in combating money laundering, terrorism financing, and proliferation financing, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/aq5eksd-uae-signs-mou-with-kazakhstan-strengthen\" style=\"\" rel=\"noopener\">WAM<\/a> reports. The three-year MoU focuses on \u201cvirtual assets, public-private partnership (PPP), education and capacity building, and asset recovery.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE RSVPs to <\/strong><strong>G20 Brazil summit<\/strong><strong>: <\/strong>Finance Minister Maktoum bin Mohammed Al Maktoum will participate in G20\u2019s Finance track on behalf of the UAE, attending a pre-G20 meeting in Brazil's capital on 14-15 December to discuss bio-economy topics, according to the <a target=\"_blank\" href=\"https:\/\/mof.gov.ae\/uae-ministry-of-finance-to-join-g20-finance-track-under-brazils-presidency\/\" style=\"\" rel=\"noopener\">Ministry of Foreign Affairs (MoFA)<\/a>. The <a target=\"_blank\" href=\"https:\/\/www.g20.org\/en\/about-the-g20\/summit-rio-2024\" style=\"\" rel=\"noopener\">G20<\/a> summit is scheduled for 18-19 November in Rio de Janeiro next year. The annual summit pioneers solutions to sustainable development, with its Finance track aimed at reducing global socioeconomic inequalities. <\/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\/brazil\/\">Brazil<\/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\/ireland\/\">Ireland<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kazakhstan\/\">Kazakhstan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/turkey\/\">Turkey<\/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=\"87919\" 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\/18\/87919-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-87919\" class=\"content-area-description single-story post-87919 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    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