{"id":87996,"date":"2024-01-16T00:00:00","date_gmt":"2024-01-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=87996"},"modified":"2025-12-14T23:12:14","modified_gmt":"2025-12-14T23:12:14","slug":"sp-sees-uaes-economy-growing-more-than-5-this-year","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/sp-sees-uaes-economy-growing-more-than-5-this-year\/","title":{"rendered":"S&#038;P sees UAE\u2019s economy growing more than 5% this year"},"content":{"rendered":"<section id=\"87998\" 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=\"87998\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/its-day-2-of-davos-sp-global-sees-uaes-economy-outpacing-global-growth-this-year\/\">\r\n                            It\u2019s day 2 of Davos + S&amp;P Global sees UAE\u2019s economy outpacing global growth this 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\/2024\/01\/16\/its-day-2-of-davos-sp-global-sees-uaes-economy-outpacing-global-growth-this-year\/\" 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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And as longtime readers know, there\u2019s little that media folks like more than a bit of angst. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The news cycle and the annual hand-wringing associated with the WEF <\/strong>provide equal measures of each:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>DOOM + GLOOM #1- 70% of CEOs around the world see generative AI changing their <\/strong><strong>strategies this year <\/strong>in one way or another \u2014 and 45% of them think their businesses will die within a decade unless they make significant changes, according to PricewaterhouseCoopers\u2019 annual global CEO survey (<a target=\"_blank\" href=\"https:\/\/www.pwc.com\/gx\/en\/issues\/c-suite-insights\/ceo-survey.html\" style=\"\" rel=\"noopener\">website<\/a> | <a target=\"_blank\" href=\"https:\/\/www.pwc.com\/gx\/en\/ceo-survey\/2024\/download\/27th-ceo-survey.pdf\" style=\"\" rel=\"noopener\">PDF<\/a>). Three of every four respondents think AI will meaningfully change their business in the coming 36 months \u2014 and <strong>most think that AI will see businesses shedding around 5% of their workforces this year. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(The PwC survey is front-page news in both the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/908e5465-0bc4-4de5-89cd-8d5349645dda\" style=\"\" rel=\"noopener\">Financial Times<\/a> and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/ceos-fear-their-firms-pre-davos-survey-ai-climate-risks-rise-2024-01-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> as we head into dispatch time this morning.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DOOM + GLOOM #2- Your employees don\u2019t think you\u2019re doing a good job at managing <\/strong><strong>change. <\/strong>That\u2019s the take-home lesson from Edelman\u2019s annual trust barometer (<a target=\"_blank\" href=\"https:\/\/www.edelman.com\/trust\/2024\/trust-barometer\" style=\"\" rel=\"noopener\">website<\/a> | <a target=\"_blank\" href=\"https:\/\/www.edelman.com\/sites\/g\/files\/aatuss191\/files\/2024-01\/2024%20Edelman%20Trust%20Barometer%20Global%20Report_0.pdf\" style=\"\" rel=\"noopener\">pdf<\/a>), which found that \u201cauthority\u201d is on the decline alongside public trust in business and government. Americans were the most likely to distrust business and government to manage innovation (56%), and resistance to change is particularly high in right-wing folks in the US, Germany, Australia, and Canada. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DOOM + GLOOM #3- The Bloomberg Economics and Bloomberg News team would like to <\/strong><strong>keep you awake at night with worries <\/strong>as they present their annual <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/features\/2024-01-16\/soft-landing-top-8-threats-to-the-global-economy-in-2024\" style=\"\" rel=\"noopener\">Pessimist\u2019s Guide to Global Economic Risks<\/a>. Conflict in the wider Middle East is at the top of the list, and the US elections (and interest rate policy, oil, et cetera) are not far behind. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DOOM + GLOOM #4- QatarEnergy has <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/lng-tankers-held-up-over-weekend-following-us-uk-strikes-houthis-data-2024-01-15\/\" style=\"\" rel=\"noopener\">stopped<\/a><\/strong><strong> sending LNG tankers through the Red <\/strong><strong>Sea <\/strong>as Houthi attacks continue. The company is the world\u2019s second-largest exporter.<\/p>\n<p class=\"tag-border-left\">DAVOS WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>On the ground in Switzerland, day two is shaping up to be very Mideast-heavy. <\/strong>World leaders, global banking and finance chiefs, top economists, Gulf bn\u2019aires, and Wall Street giants have all descended upon Switzerland for the first full day of meetings for the World Economic Forum (WEF) 2024. Upcoming speeches by Ukrainian President <strong>Volodymyr Zelensky<\/strong> and EU Commission President <strong>Ursula von der Leyen<\/strong> are grabbing the attention of the global press, but there\u2019s plenty to keep an eye on from regional heavyweights, including <strong>AI Minister Omar Al Olama<\/strong>, who will speak at a session on <a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/sessions\/industry-applications-of-generative-ai\" style=\"\" rel=\"noopener\">generative AI<\/a> at 11:15am UAE time. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE is in Davos in force:<\/strong> Over 100 Emirati personalities, 80% of whom are from major national companies and the private sector, are expected in Switzerland this week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not in Davos? Turkey. <\/strong>Turkish officials will be skipping the gathering on orders from President Recep Erdogan to protest Forum organizers\u2019 position on Israel\u2019s war on Gaza, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-15\/davos-2024-turkey-skips-davos-over-world-economic-forum-stance-on-hamas-war\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** You can watch select live sessions <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/\" style=\"\" rel=\"noopener\">here<\/a><\/strong><strong> and check out the full program <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.weforum.org\/events\/world-economic-forum-annual-meeting-2024\/programme\/\" style=\"\" rel=\"noopener\">here<\/a><\/strong><strong>.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Sharjah Real Estate Exhibition kicks off today at the Expo Centre Sharjah<\/strong> and will run until this Saturday, 20 January, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b15x9cw-acres-2024-kicks-off-tuesday-featuring-companies\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The exhibition will bring together over 93 local and international real estate developers and companies to exhibit their projects, offer preferential pricing and payment plans, and strike agreements. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The MENA region\u2019s largest expo for lighting and building tech, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/light-middle-east.ae.messefrankfurt.com\/dubai\/en.html\" style=\"\" rel=\"noopener\">Light + Intelligent<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/light-middle-east.ae.messefrankfurt.com\/dubai\/en.html\" style=\"\" rel=\"noopener\">Building Middle East<\/a><\/strong><strong>, also kicks off today<\/strong> atthe Dubai World Trade Center, and will run until Thursday, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/light-intelligent-building-middle-east-opens-in-dubai-tomorrow-p7sj2774\" style=\"\" rel=\"noopener\">press release<\/a>. The event features 400+ global exhibitors and 1k+ brands.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>iFX <\/strong><strong>EXPO Dubai 2024 starts today:<\/strong> The three-day fintech and online trading expo <a target=\"_blank\" href=\"https:\/\/dubai2024.ifxexpo.com\/discover\/?gad_source=1&gclid=CjwKCAiA1-6sBhAoEiwArqlGPubvRc6DWxFeZTQX5QrAkvYa5hmPoEVm_60JC4yxxCXIvTuITyoNexoChU8QAvD_BwE\" style=\"\" rel=\"noopener\">iFX EXPO<\/a><a target=\"_blank\" href=\"https:\/\/dubai2024.ifxexpo.com\/discover\/?gad_source=1&gclid=CjwKCAiA1-6sBhAoEiwArqlGPubvRc6DWxFeZTQX5QrAkvYa5hmPoEVm_60JC4yxxCXIvTuITyoNexoChU8QAvD_BwE\" style=\"\" rel=\"noopener\">Dubai 2024<\/a> starts this morning at the Dubai World Trade Centre. Check out the full agenda <a target=\"_blank\" href=\"https:\/\/dubai2024.ifxexpo.com\/discuss\/\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Dubai International Project Management Forum (DIPMF)<\/strong> is on its second day at the Madinat Arena in Madinat Jumeirah. <a target=\"_blank\" href=\"https:\/\/www.dipmf.ae\/en\/\" style=\"\" rel=\"noopener\">DIPMF 2024<\/a> will focus on sustainability, modern methods of project management, and future trends and technology. The event runs until Thursday, 18 January. <\/p>\n<p class=\"tag-border-left\">PUBLIC SERVICE ANNOUNCEMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Workers who have lost their jobs can now claim compensation through the job loss<\/strong><strong> scheme <\/strong><strong><a target=\"_blank\" href=\"http:\/\/iloe.ae\" style=\"\" rel=\"noopener\">online<\/a><\/strong><strong>.<\/strong> The only criteria required is to be subscribed to the scheme for at least one year, and to file your claim within 30 days of job termination. <\/p>\n<p class=\"tag-border-left\">HAPPENING THIS WEEK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#1- Australian Foreign Minister Penny Wong will be in town as part of a <\/strong><strong>wider regional tour<\/strong> that will also see her visiting Jordan, Israel, and Palestine to discuss the ongoing war in Gaza, according to a <a target=\"_blank\" href=\"https:\/\/www.foreignminister.gov.au\/minister\/penny-wong\/media-release\/visit-jordan-israel-occupied-palestinian-territories-and-united-arab-emirates#:~:text=My%20visit%20to%20the,in%20the%20Middle%20East.\" style=\"\" rel=\"noopener\">statement<\/a> from the Australian Foreign Ministry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wong\u2019s visit also marks the start of negotiations for a trade agreement between the UAE <\/strong><strong>and Australia<\/strong>, the statement said. The two countries agreed <a target=\"_blank\" href=\"https:\/\/www.trademinister.gov.au\/minister\/don-farrell\/media-release\/australia-united-arab-emirates-trade-agreement?_gl=1*11u4slf*_ga*MTQyMjg3NzU5NS4xNzA1MzIwNzYy*_ga_8Z18QMQG8V*MTcwNTMyMDc2Mi4xLjEuMTcwNTMyMDc4NS4zNy4wLjA.\" style=\"\" rel=\"noopener\">last December<\/a> to launch the negotiations, aimed at boosting bilateral trade ties and bolstering Australian imports to the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Abu Dhabi-based <\/strong><strong>defense conglomerate <\/strong><strong><a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/\" style=\"\" rel=\"noopener\">Edge Group<\/a><\/strong><strong> is hosting a <\/strong><strong>delegation of state officials from the Sao Paulo government for a three-day visit<\/strong>, during which they will be discussing potential investments and partnerships, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/edge-group-hosts-a-high-level-delegation-from-the-sao-paulo-state-government-c86a3qal\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The UAE secured over USD 78 bn in construction contracts in 2023<\/strong>, accounting for nearly half of construction contracts in the GCC during the year, according to <a target=\"_blank\" href=\"https:\/\/www.meed.com\/gcc-awards-record-205bn-in-projects-in-2023\" style=\"\" rel=\"noopener\">MEED<\/a> \u2019s regional projects tracker. The UAE came in second in the GCC behind Saudi Arabia, which secured some USD 92 bn in contracts. Total contracts awarded in the GCC rose 88% y-o-y to USD 205 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dewa recorded 12.5 mn transactions in 2023:<\/strong> Dubai Electricity and Water Authority\u2019s (Dewa) reported a 25% increase in transactions to 12.5 mn in 2023, up from 10 mn recorded in 2022, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/13po8l2-dewa-recorded-125-million-digital-transactions\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Some 2.1 mn transactions were carried out on Dewa\u2019s <a target=\"_blank\" href=\"https:\/\/www.dewa.gov.ae\/en\/\" style=\"\" rel=\"noopener\">website<\/a> and over 3.2 mn were through its smart app, while the remaining 6.8 mn transactions were through other digital platforms.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong><strong>Dewa also commissioned 1,414 11 KV electrical substations last year<\/strong>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b15btqn-dewa-commissions-1414-distribution-substations\" style=\"\" rel=\"noopener\">Wam<\/a> reported separately. This brings the total number of operational 11 KV and 6.6 KV substations to over 44k by the end of 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#4-<\/strong><strong>Record breaking year for budget airline Wizz Air:<\/strong><a target=\"_blank\" href=\"https:\/\/wizzair.com\/en-gb\" style=\"\" rel=\"noopener\">Wizz Air<\/a> Abu Dhabi doubled its number of flights in 2023 to a record 15k flights, carrying a total of 3 mn passengers in 2023, according to a <a target=\"_blank\" href=\"https:\/\/wizzair.com\/en-gb\/information-and-services\/about-us\/news\/2023\/12\/21\/wizz-air-abu-dhabi-celebrates-record-breaking-2023-doubling-capacity-while-carrying-3-million-passengers\" style=\"\" rel=\"noopener\">statement<\/a>. This included transiting over 1.5 mn point-to-point passengers to Abu Dhabi. The airline expanded its fleet with four A321 aircrafts, increasing its seat capacity by 135% to 3.7 mn seats.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- A total of 134 UAE citizens have been hired for specialized, technical, and <\/strong><strong>administrative work for the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.tax.gov.ae\/en\/\" style=\"\" rel=\"noopener\">Federal Tax Authority<\/a><\/strong><strong> in 2023<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b15x91e-federal-tax-authority-recruits-134-emirati-talents\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The figure exceeds the FTA's initial target of recruiting 123 Emiratis, announced at the beginning of 2023 to improve Emiratisation rates across all of its sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#1- ADJD sets up automatic system for completed payments on judicial rulings:<\/strong>Enforcement decisions on judicial rulings will automatically be canceled once the relevant financial payments have been completed through official channels thanks to a new system the <a target=\"_blank\" href=\"https:\/\/www.adjd.gov.ae\/EN\/Pages\/Home.aspx\" style=\"\" rel=\"noopener\">Abu Dhabi Judicial Department<\/a> has set up, according to state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b15x91c-adjd-adopts-system-automatic-cancellation\" style=\"\" rel=\"noopener\">Wam<\/a>. The system will monitor payment statuses on enforcement decisions, and is set to be the first implemented by a judicial authority in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>Abu Dhabi could award the contract for an underpass and two bridges in Khaleej Al <\/strong><strong>Arabi Street by early April<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/abu-dhabi-likely-to-award-underpass-and-bridges-consultancy-contract-in-q2-dmc3dzec\" style=\"\" rel=\"noopener\">Zawya<\/a> reports, citing a source it said has knowledge of the project. Abu Dhabi\u2019s Transport department launched the tender for the contract on 11 January, and bids are due by 12 February, according to the source. Construction on the USD 50 mn project is set to be completed by 1Q 2026, according to the unnamed source. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>THE BIG STORY ABROAD is the start of the Iowa caucuses, where <\/strong><strong>Republicans in the <\/strong><strong>state have decided they\u2019d like to see Donald Trump again seek the presidency <\/strong>under their banner.Caucus-goers are braving bone-chilling cold to meet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Former US President Donald Trump has taken the caucuses<\/strong>, as expected. Both the <a target=\"_blank\" href=\"https:\/\/apnews.com\/live\/iowa-republican-caucuses-live-updates\" style=\"\" rel=\"noopener\">Associated Press<\/a> and <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/01\/15\/politics\/trump-republican-iowa-caucuses\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> are projecting Trump will carry the state, meaning the fight is now down to whether former diplomat Nikki Haley or Florida Governor Ron Desantis will place second. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When will we know more? <\/strong>It depends, but near-final results should be in just after you open this email. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where are the Democrats? <\/strong>They won\u2019t be caucusing tonight after the party stripped Iowa of the right to run a caucus after counting issues in 2020. New Hampshire is running an unsanctioned primary next week and the first \u201cformal\u201d Democratic primary is South Carolina on 2 February.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where can I get results? <\/strong>Check out live blogs from the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2024\/01\/15\/us\/iowa-caucus-election-news\" style=\"\" rel=\"noopener\">New York Times<\/a> and <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/iowa-caucus-republican-primary-2024\" style=\"\" rel=\"noopener\">Wall Street<\/a><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/iowa-caucus-republican-primary-2024\" style=\"\" rel=\"noopener\">Journal<\/a> or the live results counter from <a target=\"_blank\" href=\"https:\/\/www.politico.com\/2024-election\/results\/\" style=\"\" rel=\"noopener\">Politico<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MUST READ: <\/strong><a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/magazine\/2024\/01\/15\/iowa-key-places-to-watch-tonight-00135405\" style=\"\" rel=\"noopener\">Who\u2019s moving on from Iowa and who\u2019s dead in the water?<\/a> A viewer\u2019s guide to reading the returns in Politico.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OH, AND\u2026 The Emmys are running as we speak<\/strong>, four months late thanks to the Hollywood writers\u2019 and actors\u2019 strikes. <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2024\/01\/15\/arts\/emmy-awards\" style=\"\" rel=\"noopener\">Liveblog here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON THE BUSINESS FRONT- No single story dominates <\/strong>as everyone looks to either Davos or Iowa. But near the top of the list: Instability in our corner of the world, as the world\u2019s second-biggest LNG exporter <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/lng-tankers-held-up-over-weekend-following-us-uk-strikes-houthis-data-2024-01-15\/\" style=\"\" rel=\"noopener\">skips the Suez Canal<\/a>, the <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-15\/us-advises-bab-el-mandeb-still-too-risky-for-ships-trade-group?srnd=premium-middle-east&sref=mmeFTDW1\" style=\"\" rel=\"noopener\">Houthis struck a US-flagged merchant vessel<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/irans-revolutionary-guards-say-they-have-attacked-espionage-centers-iraqs-erbil-2024-01-15\/\" style=\"\" rel=\"noopener\">Iran\u2019s Revolutionary Guards attacked<\/a> what they said are Israeli \u201cespionage centers\u201d in Iraq.<\/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\">\n<p class=\"tag-border-left\">CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/adxcofficial\/?hl=en\" style=\"\" rel=\"noopener\">Abu Dhabi Extreme Championship 2<\/a><\/strong><strong> (ADXC 2) is taking place this Friday<\/strong> at the Mubadala Arena. You can get your tickets for the martial arts tournament <a target=\"_blank\" href=\"https:\/\/tickets.virginmegastore.me\/ae\/sports\/22286\/abu-dhabi-extreme-championship-2\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/dubai.worldofcoffee.org\/\" style=\"\" rel=\"noopener\">World of Coffee Dubai<\/a><\/strong><strong> kicks off next Sunday<\/strong>, 21 January at the Dubai World Trade Center, bringing together stakeholders in the UAE\u2019s coffee industry, including producers, retailers and traders. The event \u2014 which includes lectures and workshops, as well as a barista championship \u2014 runs until Tuesday, 23 January. <\/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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WE WANT TO HEAR FROM YOU<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Do you want to send us a press release, pitch us a story, or send in comments, criticism, <\/strong><strong>or suggestions? <\/strong>Email us on uae@enterprise.news and we\u2019ll be in touch directly. Feel free to pass this email on to your comms professionals or agency and ask them to reach out to us or put us on their distribution list. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- We\u2019re open to interview pitches<\/strong>, so do get in touch. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- We\u2019re happy to let you know that <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the EnterpriseAM UAE website<\/a><\/strong><strong> is now up and <\/strong><strong>running <\/strong>with 27 back issues online. We\u2019re building out functionality over the coming day or two and it should be fully up and running before the end of the week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Having trouble getting the website to open <\/strong>or clicking through to a page? Hit CMD-shift-R in your browser on a Mac or Ctrl-F5 on a PC. Do that a couple of times and you should be good to go. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/uae\/user\/NewsLetters\" style=\"\" rel=\"noopener\">Tap or click here to subscribe<\/a> and receive you own copy of EnterpriseAM UAE at 7am UAE time \u2014 available without charge thanks to the support of our friends at Mashreq. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CORRECTION- <\/strong><strong>A technical glitch in yesterday\u2019s EnterpriseAM UAE saw us <\/strong><strong>publish the wrong image <\/strong>atop a story about FAB <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/626e7d62-254f-4586-9c68-337ee975c47a\" style=\"\" rel=\"noopener\">selling an AED 700 mn sukuk<\/a>. The gremlin has been quashed and the right image substituted. We regret the error.<\/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\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/world-economic-forum\/\">World Economic Forum<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88000\" 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=\"88000\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/uae-economy-to-grow-5-this-year-sp-says\/\">\r\n                            S&amp;P sees UAE GDP growing at more than 5% this year, outpacing global economic growth                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/uae-economy-to-grow-5-this-year-sp-says\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/uae-economy-to-grow-5-this-year-sp-says\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/uae-economy-to-grow-5-this-year-sp-says\/\">\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 economy to grow >5% this year, S&#038;P says&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/uae-economy-to-grow-5-this-year-sp-says\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/uae-economy-to-grow-5-this-year-sp-says\/&title=UAE economy to grow >5% this year, S&#038;P says\">\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+economy+to+grow+%3E5%25+this+year%2C+S%26%23038%3BP+says+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F16%2Fuae-economy-to-grow-5-this-year-sp-says%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/uae-economy-to-grow-5-this-year-sp-says\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1026.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88001\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/uae-economy-to-grow-5-this-year-sp-says\/1026-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1026.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1026.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1026.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1026.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88000\" class=\"content-area-description single-story post-88000 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-uae tag-gdp tag-sp 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\/.4d4b0ec9-511b-4feb-9a6c-0dc395424683.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Economic growth in the UAE will accelerate to more than 5% in 2024<\/strong>, outpacing the 2.8% growth expected for the global economy, S&P Global Ratings\u2019 Associate Director of Corporate Ratings Tatiana Leskova tells state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b15x9fq-sp-projects-uaes-gdp-grow-over-2024\" style=\"\" rel=\"noopener\">Wam<\/a>. The country\u2019s GDP grew at an estimated 3% in 2023, Leskova estimates, with nearly 6% growth in the non-oil sector, despite \u201csubpar growth levels\u201d in the global economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is higher than most other projections: <\/strong>The World Bank expects to see 3.7% growth in 2024, it said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/1034.pdf\" style=\"\" rel=\"noopener\">Global Economic Prospects report (<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/1034.pdf\" style=\"\" rel=\"noopener\">pdf<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/1034.pdf\" style=\"\" rel=\"noopener\">)<\/a>, up from the previous estimate of 3.4% in the June edition of its report. The Arab Monetary Fund sees the UAE\u2019s GDP <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a8f893dd-eee1-4bc3-b44b-34f79d4862ed\" style=\"\" rel=\"noopener\">growing at a 4.3% clip<\/a> this year, while the Central Bank of the UAE is more bullish, saying last month it sees the economy growing at a 5.7% clip in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving the growth:<\/strong> Economic growth in 2024 and 2025 are set to be underpinned by sustained momentum in Dubai\u2019s hospitality, wholesale, retail, and financial services sectors, Leskova said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Real estate shows its defensive mettle:<\/strong> The UAE, and particularly Dubai, have shown relative resilience to global economic challenges, attributed to \u201climited sensitivity to interest rates and contained inflation,\u201d Leskova explained. Dubai \u2014 where more than 80% of real estate sales are made with bank notes \u2014 witnessed an increase in mortgage transactions, despite higher interest rates, she added. Dubai also remains the most appealing destination for real estate investments, despite the emergence of gaming hotels in Ras Al Khaimah, she 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\/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\/sp\/\">S&amp;P<\/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=\"88002\" 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=\"88002\">\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\">RED SEA WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/qatar-pauses-lng-shipments-through-the-red-sea\/\">\r\n                            Qatar pauses LNG shipments through the Red Sea as Houthis retaliate to US-UK strikes                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/qatar-pauses-lng-shipments-through-the-red-sea\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/qatar-pauses-lng-shipments-through-the-red-sea\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/qatar-pauses-lng-shipments-through-the-red-sea\/\">\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=Qatar pauses LNG shipments through the Red Sea&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/qatar-pauses-lng-shipments-through-the-red-sea\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/qatar-pauses-lng-shipments-through-the-red-sea\/&title=Qatar pauses LNG shipments through the Red Sea\">\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=Qatar+pauses+LNG+shipments+through+the+Red+Sea+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F16%2Fqatar-pauses-lng-shipments-through-the-red-sea%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/qatar-pauses-lng-shipments-through-the-red-sea\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1309.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88003\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/qatar-pauses-lng-shipments-through-the-red-sea\/1309-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1309.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1309.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1309.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1309.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88002\" class=\"content-area-description single-story post-88002 post type-post status-publish format-standard has-post-thumbnail hentry category-red-sea-watch tag-energy tag-enterpriseam-uae tag-red-sea tag-red-sea-watch tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.6e349269-e644-41b7-aca0-7fbdcd4ce598.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>At least five Qatari vessels carrying<\/strong><strong>liquefied natural gas making their way to the Bab El Mandeb strait have been halted since Friday<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-15\/qatar-pauses-lng-shipments-via-red-sea-after-us-led-airstrikes\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Some 209 oil tankers \u2014 making up around 4% of the world\u2019s oil fleet \u2014 have started rerouting away from the Red Sea over the weekend, <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/4ffvhuh8\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing a note from Oil Brokerage. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This includes Qatar\u2019s state-owned LNG carrier <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/vHome.aspx\" style=\"\" rel=\"noopener\">QatarEnergy<\/a><\/strong>, which is pausing Red Sea transits pending a security update, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/lng-tankers-held-up-over-weekend-following-us-uk-strikes-houthis-data-2024-01-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. \u201cIt is a pause to get security advice, if passing [through the] Red Sea remains unsafe we will go via the Cape [of Good Hope],\u201d the newswire reports, citing an unnamed senior source. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The alternative route around Africa\u2019s Cape of Good Hope could add some nine days to<\/strong><strong> European shipments<\/strong>, with current transit times standing at around 18 days, the newswire said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>While the Houthi group hasn\u2019t purposely targeted any oil tankers since the onset of attacks in November, Qatar \u2014 the second largest exporter of LNG to Europe \u2014 is likely to view the US-UK strikes as the beginning of graver tensions in the Red Sea. The two western navies <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-12\/tanker-owner-torm-pauses-all-transits-through-southern-red-sea\" style=\"\" rel=\"noopener\">advised<\/a> merchant vessels to avoid Red Sea transit on Sunday amid their attack on Houthi bases. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The US, UK, and a handful of allies carried out a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0bcf9c2f-316d-432b-8b50-decc78380161\" style=\"\" rel=\"noopener\">series of strikes<\/a> on Houthi facilities across Yemen on Friday, in response to repeated Houthi attacks on commercial vessels passing through the Red Sea over the last two months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Houthis strike back:<\/strong> Houthi militants fired an anti-ship cruise missile at an American destroyer in the southern Red Sea on Sunday before being shot down by US fighter jets, <a target=\"_blank\" href=\"https:\/\/twitter.com\/CENTCOM\/status\/1746705110401695779?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1746705110401695779%7Ctwgr%5E9c7b7b54e6c279569f04d2cf74169bf644e08c92%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2024-01-15%2Fus-shoots-down-cruise-missile-fired-from-houthi-area-in-yemen\" style=\"\" rel=\"noopener\">US Centcom<\/a> reported. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hapag-Lloyd prolongs Red Sea diversion:<\/strong> German shipping line Hapag-Lloyd will continue to reroute ships around the Cape of Good Hope for at least another week since it pulled its fleet from the fraught waterway in December, it said in a <a target=\"_blank\" href=\"https:\/\/www.hapag-lloyd.com\/en\/services-information\/news\/2023\/12\/faq-for-the-suez-canal-situation.html\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reacts: <\/strong>Brent crude rose 0.5% yesterday to USD 72.50 \/ bbl.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OTHER TRADE NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE businesses to ditch European suppliers amid <\/strong><strong>Red Sea crisis<\/strong><strong>?<\/strong> UAE-based businesses are looking to diversify their supply lines away from Europe in search of alternate markets amid continued shipping disruptions in the Red Sea, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/retail\/as-red-sea-issue-flares-uae-saudi-businesses-look-to-suppliers-outside-of-europe---and-keep-costs-down-1.1705292175289\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports. With shipping costs from Europe currently over USD 1k per container, compared to USD 450 prior to the crisis, some businesses are looking to Turkish suppliers to cover their short-term, faster shipping needs, avoiding the added 15-18 days on the Cape of Good Hope route, <a target=\"_blank\" href=\"https:\/\/www.cssgroupsite.com\/\" style=\"\" rel=\"noopener\">CSS Dubai<\/a> freight forwarding VP Roshmon Manoli told Gulf News. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/red-sea\/\">Red Sea<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/red-sea-watch\/\">RED SEA WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88004\" 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=\"88004\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/china-construction-lists-usd-600-mn-green-bonds-on-nasdaq-dubai\/\">\r\n                            Nasdaq Dubai welcomes USD 600 mn green bonds from China Construction Bank                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/china-construction-lists-usd-600-mn-green-bonds-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\/2024\/01\/16\/china-construction-lists-usd-600-mn-green-bonds-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\/2024\/01\/16\/china-construction-lists-usd-600-mn-green-bonds-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=China Construction lists USD 600 mn green bonds on Nasdaq Dubai&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/china-construction-lists-usd-600-mn-green-bonds-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\/2024\/01\/16\/china-construction-lists-usd-600-mn-green-bonds-on-nasdaq-dubai\/&title=China Construction lists USD 600 mn green bonds 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=China+Construction+lists+USD+600+mn+green+bonds+on+Nasdaq+Dubai+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F16%2Fchina-construction-lists-usd-600-mn-green-bonds-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\/2024\/01\/16\/china-construction-lists-usd-600-mn-green-bonds-on-nasdaq-dubai\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/938.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88005\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/china-construction-lists-usd-600-mn-green-bonds-on-nasdaq-dubai\/938-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/938.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"938.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/938.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/938.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88004\" class=\"content-area-description single-story post-88004 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-enterpriseam-uae tag-green-bonds tag-nasdaq-dubai 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\/.72c1ee56-e5ac-4303-9aa0-ff4cf298d45a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>China Construction Bank (CCB) has listed USD 600 mn in green bonds on Nasdaq <\/strong><strong>Dubai<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/January\/15-01\/Nasdaq-Dubai-Welcomes\" style=\"\" rel=\"noopener\">statement<\/a>. The listing brings the value of issuances by CCB on Nasdaq Dubai USD 2.45 bn. The issuance takes the value of CCB\u2019s bonds on Nasdaq Dubai to USD 2.45 bn, and the total value of ESG-related bonds on the exchange to USD 27.05 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CCB will use the capital to boost green projects in the UAE and the region<\/strong>, including renewables, desalination, energy efficiency, and reducing emissions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China Construction Bank is active in other green markets in the Gulf too: <\/strong>Saudi Arabia\u2019s Acwa Power secured a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f854ab0a-5ca4-4e14-af12-9f03f88b292f\" style=\"\" rel=\"noopener\">USD 100 mn<\/a> revolving credit facility from the Chinese lender in July to boost its power and water generation portfolio across the Middle East and the Belt & Road countries. The two also partnered on the 2.4 GW Hassyan power plant in the UAE and the 485 MW Zarqa gas power plant in Jordan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China's green bonds ? Nasdaq Dubai:<\/strong> State-owned Industrial and Commercial Bank of China listed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/393d5a49-74f3-4c0d-b75b-d2e7e3c70c9f\" style=\"\" rel=\"noopener\">green bonds worth USD 2.03 bn<\/a> on Nasdaq Dubai last November. The bank also listed four green bonds in February last year totalling USD 2.2 bn.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/green-bonds\/\">green bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nasdaq-dubai\/\">Nasdaq Dubai<\/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=\"88006\" 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=\"88006\">\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\">ENTERPRISE EXPLAINS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/could-we-see-dubai-real-estate-prices-cool-down-in-2024\/\">\r\n                            Could we see Dubai real estate prices cool down in 2024?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/could-we-see-dubai-real-estate-prices-cool-down-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(); 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The IMF estimates that real estate prices rose at the highest levels globally last year, with a 10.4% y-o-y surge, while others have estimated an even higher 15-18% surge in Dubai alone. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers:<\/strong> The UAE ranks sixth globally in estate price increases since pre-pandemic levels, rising 14.1% and trailing Portugal, the US, Japan, and the Netherlands, according to the IMF. Dubai real estate\u2019s residential real price growth rates surged higher than any other major city in 2Q 2023, including Miami, Tokyo, and New York, according to the <a target=\"_blank\" href=\"https:\/\/www.ubs.com\/global\/en\/media\/display-page-ndp\/en-20230920-grebi-2023.html\" style=\"\" rel=\"noopener\">2023 UBS Global Real Estate Bubble Index<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sales also hit a record high in Dubai: <\/strong>Dubai\u2019s real estate sales neared AED 401 bn for the first time ever last year, with a record 129k sales recorded, up 32% y-o-y, <a target=\"_blank\" href=\"https:\/\/www.gulftoday.ae\/business\/2024\/01\/14\/dubais-realty-deals-exceeded-half-a-trillion-dirhams-in-2023\" style=\"\" rel=\"noopener\">Gulf Today<\/a> reports, citing a review by real estate brokerage W Capital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rental market is no different:<\/strong> Rentals in the emirate have risen some 42% since 2020, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-27\/dubai-real-estate-markets-braces-for-2024-slowdown\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing data from property advisory firm CBRE Group.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Soaring prices owe a lot to an influx of foreign wealth: <\/strong>Russian business leaders turned to Dubai after the outbreak of war in Ukraine, making up nearly 15% of the market, the <a target=\"_blank\" href=\"https:\/\/www.telegraph.co.uk\/business\/2023\/09\/20\/house-prices-dubai-rise-fastest-in-the-world\/\" style=\"\" rel=\"noopener\">Telegraph<\/a> reports. Ultra-high-net-worth Russian individuals looked to Dubai due to its lack of Western sanctions, low taxes, favorable positioning for remote work, and residency programs. Middle-class Russians did the same, fueling competition for real estate at multiple price points.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And it\u2019s not just Russians: <\/strong>Half of Dubai\u2019s property market consists of overseas buyers, including crypto m\u2019naires and wealthy individuals from Europe and India, reports The Telegraph. Chinese buyers also flocked to Dubai to safeguard their investments amidst geopolitical tensions, Sergei Rakov, head of technology at real estate agency Allsopp & Allsopp <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/pulse\/why-off-plan-developers-pricing-properties-so-aggressively\/\" style=\"\" rel=\"noopener\">said<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A lot of it was driven by luxury buys: <\/strong>These buyers tended to favor Dubai\u2019s luxury segments, Rakov said. Wealthy buyers spent approximately USD 2.27 bn on luxury homes in Dubai in 2023, with the most expensive transaction (a <a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/industries\/real-estate\/revealed-luxurious-dubai-penthouse-sells-for-record-breaking-136-2mn\" style=\"\" rel=\"noopener\">five-bedroom apartment in Palm Jumeirah\u2019s Como Residences<\/a>) totaling USD 136.2 mn, reports <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-15\/dubai-sales-of-25-million-homes-double-as-global-elite-move-in\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The number of homes purchased at USD 25 mn or more doubled y-o-y to reach 56 luxurious homes sold compared to 28 in 2022. Palm Jumeirah Island and Jumeirah Bay Island pooled the most global wealth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai estates are expected to get slightly more expensive in 2024, though at a slower<\/strong><strong> pace than last year. <\/strong>S&P Global Ratings <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/ratings\/en\/research\/articles\/231113-sector-review-dubai-s-cashed-up-developers-are-prepared-for-a-cycle-reversal-12893096\" style=\"\" rel=\"noopener\">forecasts<\/a> a 5-7% jump in Dubai property prices this year, down from 15% in 2023. The ratings agency also sees a risk of a cyclical slowdown, suggesting we could see prices \u201cdecelerate and potentially slightly reverse over the next 12-18 months, with price declines not exceeding 5%-10%.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The past two months have shown signs of a slowdown: <\/strong>Morgan Stanley sees \u201ccontinued tailwinds\u201d for the market and thinks the market this year will be \u201cless of a boom than 2023,\u201d <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-27\/dubai-real-estate-markets-braces-for-2024-slowdown\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Despite rents continuing to increase, the rate of the increase is cooling in some popular neighborhoods, with average rents rising 19.2% in November, slightly slower than October\u2019s 19.7%, according to CBRE data picked up by Bloomberg. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Purchasing power is stretched thin:<\/strong>Buyers in Dubai are turning to smaller, one-bedroom apartments and studios amid global economic uncertainty, Bloomberg quotes Tatjana Lescova, S&P\u2019s associate director of corporate ratings, as saying. Lescova, who covers three Emirati developers with a combined market share of some 50%, pointed to a downsizing trend late last year. \u201cYou have the high net worth individuals who can afford multiple and multi-mn properties, but the bulk of the market is coming to a certain limit in terms of purchasing power as property becomes expensive,\u201d Lescova said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oversaturation + less demand will give way to lower prices:<\/strong> Property developers are already lowering prices to \u201creel in hesitant buyers,\u201d Lescova said. This comes as sales of houses are expected to jump to 40k in Dubai this year, compared to historical figures of 15-30k homes sold.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Developers will shift their focus to earnings growth<\/strong> as they look to avoid history repeating itself with the boom-and-bust cycle in real estate in Dubai, Bloomberg cites Morgan Stanley as saying. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite the expected slowdown, prices in Dubai are considered to be \u201cfairly valued,\u201d <\/strong>with consistent income growth and rental growth surpassing owner-occupied price growth,according to UBS.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/enterprise-explains\/\">ENTERPRISE EXPLAINS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88008 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"88008\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/88008-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88008\" class=\"content-area-description single-story post-88008 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/801.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88009\" 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=\"88009\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/mohamed-al-ali-takes-the-helm-as-ceo-of-parkin\/\">\r\n                            Mohamed Al Ali appointed CEO of Pakrin                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/mohamed-al-ali-takes-the-helm-as-ceo-of-parkin\/\" 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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Al Ali boasts over 20 years of project management experience in public transport and infrastructure. He oversaw several departments within the <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/\" style=\"\" rel=\"noopener\">Roads and Transport Authority<\/a> over 16 years, including roles in building, strategic planning, and the buses division.<\/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\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/parkin\/\">Parkin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/roads-and-transport-authority\/\">Roads and Transport Authority<\/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=\"88011\" 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=\"88011\">\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\">TRENDING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/real-madrid-barcelona-and-xavi-leading-conversation-on-uae-x\/\">\r\n                            Real Madrid, Barcelona and Xavi topping UAE X land                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/real-madrid-barcelona-and-xavi-leading-conversation-on-uae-x\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/real-madrid-barcelona-and-xavi-leading-conversation-on-uae-x\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/real-madrid-barcelona-and-xavi-leading-conversation-on-uae-x\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Real Madrid, Barcelona and Xavi leading conversation on UAE X&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/real-madrid-barcelona-and-xavi-leading-conversation-on-uae-x\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/real-madrid-barcelona-and-xavi-leading-conversation-on-uae-x\/&title=Real Madrid, Barcelona and Xavi leading conversation on UAE X\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Real+Madrid%2C+Barcelona+and+Xavi+leading+conversation+on+UAE+X+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F16%2Freal-madrid-barcelona-and-xavi-leading-conversation-on-uae-x%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/real-madrid-barcelona-and-xavi-leading-conversation-on-uae-x\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1027.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88012\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/real-madrid-barcelona-and-xavi-leading-conversation-on-uae-x\/1027-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1027.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1027.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1027.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1027.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88011\" class=\"content-area-description single-story post-88011 post type-post status-publish format-standard has-post-thumbnail hentry category-trending tag-barcelona tag-enterpriseam-uae tag-football tag-mancini tag-real-madrid tag-trending wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.37d6fdb3-f065-462a-b70e-eb59c7970835.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Football is the flavor of the day on X<\/strong> with <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%23%D8%B1%D9%8A%D8%A7%D9%84_%D9%85%D8%AF%D8%B1%D9%8A%D8%AF_%D8%A8%D8%B1%D8%B4%D9%84%D9%88%D9%86%D9%87&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">\u0631\u064a\u0627\u0644_\u0645\u062f\u0631\u064a\u062f_\u0628\u0631\u0634\u0644\u0648\u0646\u0647#<\/a> (Real Madrid v Barcelona) getting the most hits, after Madrid thrashed Barca 4-1 in the Spanish Super Cup. We also picked up <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%D8%AA%D8%B4%D8%A7%D9%81%D9%8A&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">\u062a\u0634\u0627\u0641\u064a#<\/a> (Xavi), usually mocking the Barcelona manager after what X-land are calling <a target=\"_blank\" href=\"https:\/\/twitter.com\/HJ14FCB\/status\/1746958609043365898\" style=\"\" rel=\"noopener\">poor managerial decisions<\/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\/barcelona\/\">Barcelona<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/football\/\">football<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n        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has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/43010.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20607.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Rise every day<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            \r\n            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  <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"88014\">\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\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/gqgs-investment-in-ihc-gets-some-ink\/\">\r\n                            GQG\u2019s investment in IHC gets some ink                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li 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              <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=GQG%E2%80%99s+investment+in+IHC+gets+some+ink+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F16%2Fgqgs-investment-in-ihc-gets-some-ink%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/gqgs-investment-in-ihc-gets-some-ink\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1046.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88015\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/gqgs-investment-in-ihc-gets-some-ink\/1046-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1046.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1046.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1046.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1046.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88014\" class=\"content-area-description single-story post-88014 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-china tag-enterpriseam-uae tag-investment-watch 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\/.792d6eed-23f6-498a-95e9-290fabc8d8c5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Finance is still the main theme of UAE coverage in the foreign press:<\/strong>The <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4f0c9d6e-23a2-42f3-9ec4-aa414d30ea40\" style=\"\" rel=\"noopener\">Financial Times<\/a> gave ink to fund manager GQG\u2019s recent purchase of a USD 1 bnstake in the ADX-listed conglomerate IHC, as it shifts its focus away from China in favor of the Middle East\u2019s \u201cbusiness-friendly\u201d environment.<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"88016\" 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=\"88016\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/emirates-nbd-capital-appointed-bookrunner-for-qiib-advising-on-fourth-mill-ipo\/\">\r\n                            Emirates NBD Capital appointed bookrunner for QIIB + advising on Fourth Mill IPO. PLUS: Infrastructure, banking, finance aviation, and education news                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/emirates-nbd-capital-appointed-bookrunner-for-qiib-advising-on-fourth-mill-ipo\/\" 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 sukuk, expected to be rated A- by Fitch, is part of the bank\u2019s <a target=\"_blank\" href=\"https:\/\/www.qiib.com.qa\/Press\/Details\/132\" style=\"\" rel=\"noopener\">USD 2 bn Trust Certificate Issuance Program<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other advisors:<\/strong> Al Rayan Investment (Masraf Al Rayan Group), Dukhan Bank, KFH Capital and QNB Capital were also selected as joint lead managers and bookrunners and will coordinate meetings with global investors, including virtual discussions that began yesterday and in-person fixed income investor meetings in London that will take place today. Standard Chartered Bank was selected as global coordinator. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IPO WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia\u2019s Fourth Milling has tapped Emirates NBD Capital to advise on its <\/strong><strong>IPO<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-15\/saudi-arabia-s-fourth-milling-said-to-hire-riyad-capital-for-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. <a target=\"_blank\" href=\"https:\/\/www.riyadcapital.com\/\" style=\"\" rel=\"noopener\">Riyad Capital<\/a> was also tapped to advise on the domestic initial public offering, according to sources with knowledge of the matter. The share sale, which could raise more than USD 200 mn, could take place as soon as 1H 2024, an unnamed source told Bloomberg. UAE-based Himmah Capital was selected in October to advise on the offering.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi and Al Ain are set to get new parks and transport projects<\/strong><strong>worth a <\/strong><strong>combined AED 28 mn<\/strong>, after Abu Dhabi\u2019s department of municipalities and transport inked an agreement with Abu Dhabi\u2019s social development arm <a target=\"_blank\" href=\"https:\/\/maan.gov.ae\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/maan.gov.ae\/\" style=\"\" rel=\"noopener\">Ma\u2019an<\/a>, according to an Abu Dhabi Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/community\/authority-of-social-contribution-maan-in-cooperation-with-department-of-municipalities-and-transport-utilises-contributions-of-individuals-and-organisations-to-support-social-projects\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/community\/authority-of-social-contribution-maan-in-cooperation-with-department-of-municipalities-and-transport-utilises-contributions-of-individuals-and-organisations-to-support-social-projects\/\" style=\"\" rel=\"noopener\">statement<\/a>. The projects include:<\/p>\n<ul>\n<li><strong>Developing nine community parks worth a combined AED 14.5 mn<\/strong>in several locations across Abu Dhabi;<\/li>\n<li><strong>Raising some AED 9.1 mn for the development of Al Batha Nature Reserve <\/strong>community park; <\/li>\n<li><strong>Three projects worth AED 4.4 mn<\/strong> led by the Integrated Transport Center, including rest areas for delivery drivers, boosting the number of taxis for people of determination, and building bus shelters. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aleph Hospitality to manage new 110-key hotel in KSA\u2019s Abha:<\/strong> Dubai-based <a target=\"_blank\" href=\"https:\/\/alephhospitality.com\/\" style=\"\" rel=\"noopener\">Aleph<\/a><a target=\"_blank\" href=\"https:\/\/alephhospitality.com\/\" style=\"\" rel=\"noopener\">Hospitality<\/a> is set to manage Hotel Indigo Abha, a new facility which global hospitality player Intercontinental Hotel Group (IHG) will open in Saudi Arabia\u2019s Abha under a franchise agreement it signed with Firdous Abha Hotel, IHG said in <a target=\"_blank\" href=\"https:\/\/www.ihgplc.com\/en\/news-and-media\/news-releases\/2024\/ihg-expands-luxury-and-lifestyle-portfolio-in-saudi-arabia-with-signing-of-hotel-indigo-abha\" style=\"\" rel=\"noopener\">a statement<\/a>. The new facility is scheduled for opening in December 2025<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"http:\/\/www.bankfab.com\/en-ae\/personal\" style=\"\" rel=\"noopener\">First Abu Dhabi Bank<\/a><\/strong><strong> subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaifirst.com\/en-ae\" style=\"\" rel=\"noopener\">Dubai First<\/a><\/strong><strong> has become the first credit card <\/strong><strong>issuer in the region to use Mastercard\u2019s Token Connect technology<\/strong>, which allows customers\u2019 card information to be securely transferred from the Dubai First mobile app to click-to-pay and digital wallets, according to a <a target=\"_blank\" href=\"https:\/\/www.mastercard.com\/news\/eemea\/en\/newsroom\/press-releases\/press-releases\/en\/2024\/january\/dubai-first-takes-the-lead-as-the-first-issuer-in-the-region-to-leverage-mastercard-token-connect-services\/\" style=\"\" rel=\"noopener\">Mastercard statement<\/a>. Tokenization technology allows users to manage their cards in a secured profile, easing check-out transactions by replacing a card\u2019s primary account number with a unique alternative token number, the statement reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINANCE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong>Less expensive retail spaces, kiosks and shops for businesses, courtesy of Khalifa <\/strong><strong>Fund + Al Mushrif Coop:<\/strong><a target=\"_blank\" href=\"https:\/\/www.moec.gov.ae\/en\/khalifa-fund-for-enterprise-development\" style=\"\" rel=\"noopener\">Khalifa Fund<\/a> and <a target=\"_blank\" href=\"https:\/\/almushrifcoop.com\/\" style=\"\" rel=\"noopener\">Al Mushrif Coop<\/a> inked a strategic partnership to providebusinesses with 25-50% markdowns on retail space, listings and registration fees, as well as 20-40% breaks on kiosks and 15-20% on shop rentals, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/khalifa-fund-and-al-mushrif-coop-unveil-strategic-partnership-to-propel-entrepreneurial-success-aj1mdtua\" style=\"\" rel=\"noopener\">press release<\/a>. The press release does not clarify what the criteria is for businesses to qualify for the markdowns, nor if they are capped. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>South Africa\u2019s<\/strong><strong>Maleyat Group enters MENA: <\/strong>Dubai-based client introductory services firm MCG Introduction Services will become South African online trading platform <a target=\"_blank\" href=\"https:\/\/maleyat.com\/\" style=\"\" rel=\"noopener\">Maleyat<\/a> \u2019s exclusive partner in the Middle East under a new partnership agreement, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/maleyat-group-expands-into-mena-region-with-exclusive-partnership-with-mcg-e8btfs8r\" style=\"\" rel=\"noopener\">press release<\/a>. The partnership marks Maleyat\u2019s entry into the region, and will see MCG introduce Maleyat\u2019s trading platform to regional clients, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Dubai International Financial Centre and Guernsey Finance will cooperate on <\/strong><strong>knowledge transfer and boosting investment flows between the two finance centers<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.difc.ae\/whats-on\/news\/difc---guernsey-finance-collaborate-to-unlock-dynamic-economic-growth\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement will also see them work on organizing events and fostering talent development. Guernsey Finance hosts over 20% of the UK FTSE 100 companies in its jurisdiction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENVIRONMENT-<\/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.adportsgroup.com\/\" style=\"\" rel=\"noopener\">AD Ports Group<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cma-cgm.com\/\" style=\"\" rel=\"noopener\">CMA CGM<\/a><\/strong><strong>, and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ecocean.fr\/home\/\" style=\"\" rel=\"noopener\">Ecocean<\/a><\/strong><strong> will<\/strong><strong>equip Khalifa Port with 48 biohuts to <\/strong><strong>support the health of its coastal ecosystem<\/strong>, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b15x973-ports-cma-cgm-ecocean-join-forces-preserve-marine\" style=\"\" rel=\"noopener\">Wam<\/a>. The Biohuts will be installed in 1Q 2024 at a new CMA CGM terminal currently under construction. Port locations where marine life needs the most support and regeneration will be targeted, with the project's pilot phase expected to last five years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>Biohuts are eco-friendly, non-toxic submerged structures offering a safe habitat for marine species to thrive.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EDUCATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong>Palms Sports pins AED 282.2 mn contracts for nationwide Jiu-jitsu training:<\/strong><a target=\"_blank\" href=\"https:\/\/www.ese.gov.ae\/En\/Pages\/Home.aspx\" style=\"\" rel=\"noopener\">Emirates<\/a><a target=\"_blank\" href=\"https:\/\/www.ese.gov.ae\/En\/Pages\/Home.aspx\" style=\"\" rel=\"noopener\">Schools Establishment (ESE)<\/a> has awarded ADX-listed sports management company \u2014 and long-time partner \u2014 <a target=\"_blank\" href=\"https:\/\/www.palmssports.com\/\" style=\"\" rel=\"noopener\">Palms Sports<\/a> two jiu-jitsu program contracts worth AED 282.7 mn, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/941.pdf\" 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>By the numbers: <\/strong>The first contract, valued at AED 68.7 mn over two and a half years, will fund the extension and expansion of a school jiu-jitsu program at ESE. The second contract worth AED 214 mn involves the comprehensive renewal of programs at 117 schools across Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah, and Fujairah.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>Khalifa University launches cybersecurity training academy:<\/strong><a target=\"_blank\" href=\"https:\/\/www.ku.ac.ae\/\" style=\"\" rel=\"noopener\">Khalifa University of<\/a><a target=\"_blank\" href=\"https:\/\/www.ku.ac.ae\/\" style=\"\" rel=\"noopener\">Science<\/a><a target=\"_blank\" href=\"https:\/\/www.ku.ac.ae\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.ku.ac.ae\/\" style=\"\" rel=\"noopener\">and Technology<\/a> and the <a target=\"_blank\" href=\"https:\/\/csc.gov.ae\/en\" style=\"\" rel=\"noopener\">Cyber Security Council<\/a> inaugurated the Khalifa University Cybersecurity Academy yesterday to provide training on cybersecurity in both Arabic and English, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b15x99y-khalifa-university-cybersecurity-academy\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates Skywards and TudoAzul members can now redeem miles across both Emirates <\/strong><strong>and Azul\u2019s networks<\/strong>, after the two airlines launched a reciprocal loyalty program, according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/January\/15-01\/Emirates-and-Azul-expand\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based cashback platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.znap.cash\/\" style=\"\" rel=\"noopener\">Znap<\/a><\/strong><strong> has rebranded to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/totl.ai\/\" style=\"\" rel=\"noopener\">Totl<\/a><\/strong> under its \u201cservice delivery transformation strategy\u201d that looks to modernize the brand, the startup said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dubai-based-fintech-platform-znap-boosting-loyalty-rebrands-to-totl-oey8pn9r\" style=\"\" rel=\"noopener\">press release<\/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\/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\/banking\/\">banking<\/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\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fourth-mill\/\">Fourth Mill<\/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\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88018\" 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=\"88018\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/finance-bros-in-london-are-getting-their-jobs-axed\/\">\r\n                            London slashes finance jobs                        <\/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 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1048.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88019\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/finance-bros-in-london-are-getting-their-jobs-axed\/1048-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1048.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1048.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1048.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1048.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88018\" class=\"content-area-description single-story post-88018 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-adx tag-bhm-capital tag-dfm tag-enterpriseam-uae tag-financial-markets tag-planet-finance tag-rak-properties tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.3daecfa6-98ea-488b-b5a2-7c943fe6b3e9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>SIGN OF THE TIMES- London is shedding finance jobs<\/strong>, with openings in the field down 38% year-on-year in 2023. Total job seekers dropped 16% in the same period, according to a new report by staffing agency <a target=\"_blank\" href=\"https:\/\/www.morganmckinley.com\/uk\/article\/londons-financial-employment-rollercoaster-year-contrasts-and-road-ahead-in-2024\" style=\"\" rel=\"noopener\">Morgan McKinley<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they\u2019re saying:<\/strong> \u201cWe haven\u2019t seen a drop of this magnitude for a while. After a year of strong pay growth and over-hiring driven by a tight labor market, signs of a cooling market emerged as we approached the end of a challenging year,\u201d Morgan McKinley UK chief Hakan Enver said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global banks slashed some 60k jobs last year<\/strong> \u2014 and fewer people are interested in applying for those positions that are still open. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s more, job seekers are moving for smaller bumps than a year ago. <\/strong>The average finance professional taking up a new post got a 14% bump in salary last year \u2014 down from 20% in 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asset manager GQG doubles down on Mideast stocks:<\/strong> Florida-based asset management firm GQG has piled up USD 2.8 bn stakes in companies in the Middle East over the past 18 months, lured by \u201cbusiness friendly\u201d government policies, plans to move away from oil, and \u201cmassive privatization hopes,\u201d the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4f0c9d6e-23a2-42f3-9ec4-aa414d30ea40\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported, citing GQG founder Rajiv Jain. Meanwhile, the company has cut its investments in China to roughly half that level amid a government crackdown on private sector activity.<\/p>\n<p><a target=\"_blank\" id=\"t.344ff98f4ab0f9893c35e26d74bcfc98ba8b61b1\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;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\">9,777<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +2.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/quote\/DFMGI:IND?sref=mmeFTDW1\" style=\"\" rel=\"noopener\">DFM<\/a><\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,101<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +1.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;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\">3,893<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +1.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.centralbank.ae\/en\/forex-eibor\/exchange-rates\/\" style=\"\" rel=\"noopener\">USD : AED<\/a><\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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\/eibor-rates\/\" style=\"\" rel=\"noopener\">EIBOR<\/a><\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.1% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.2% 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\">12,122<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +1.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">26,250<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1% (YTD: +5.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,595<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: -1.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,455<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: -1.5%)<\/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>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 72.50<\/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\">+0.52%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 212.07<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-6.25%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,059.00<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 42,737.10<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8% (YTD: +1.3%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM fell 2.82% yesterday<\/strong> on turnover of AED 215 mn. The index is down 0.69% 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>Emirates Reem Investments (+2.0%), Al Ansari Financial Services (+1.9%) and Amanat Holdings (+1.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>International Financial Advisors (-7.1%), Ekttitab Holding Company (-4.9%) and Takaful Emarat (-1.5%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the market finished down 0.23%, up 2.56% YTD. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">And <strong>the Nasdaq Dubai: <\/strong>finished down 0.18%, up 2.09% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mostly in the red this morning. <\/strong>Remarks by IMF boss Kristalina Georgieva are weighing on sentiment after <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/01\/15\/china-needs-reforms-to-halt-significant-growth-declines-imf-chief.html\" style=\"\" rel=\"noopener\">she said yesterday in Davos<\/a> that China needs to push for significant reforms or face \u201ca fairly significant decline in growth rates.\u201d Futures suggest stocks across western Europe and on Wall Street start the day in the red. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BHM Capital to serve as RAK Properties\u2019 liquidity provider: <\/strong>Ras Al Khaimah\u2019s ADX-listed property developer, <a target=\"_blank\" href=\"https:\/\/www.rakproperties.ae\/\" style=\"\" rel=\"noopener\">RAK Properties<\/a>, has tapped licensed market maker <a target=\"_blank\" href=\"https:\/\/www.bhmuae.ae\/\" style=\"\" rel=\"noopener\">BHM Capital<\/a> as a liquidity provider for its listed shares, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/929.pdf\" style=\"\" rel=\"noopener\">DFM filing (pdf)<\/a>. BHM Capital will aim to \u201cenhance price stability, attract a broader range of investors to trade in the company's shares, and increase its turnover,\u201d BHM Capital CEO Abdel Hadi Al Sa\u2019di said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- A liquidity provider or market maker is an intermediary in securities <\/strong><strong>markets that buys assets and distributes them to <\/strong>financial institutions and investors. Their buying and selling activity ensures that company assets are always tradeable and \u201cliquid.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Apex offloads c.34% stake to two family-owned companies: <\/strong>Abu Dhabi-based investment company Apex Investment sold a stake of over 34% to two companies owned by family members of two of the company\u2019s board members. The transaction saw the transfer of over 1.2 bn shares that were owned by Newtech Investment General Trading Company. NK Trust for Commercial Investmentsand <a target=\"_blank\" href=\"https:\/\/www.fxcapital-investment.com\/\" style=\"\" rel=\"noopener\">FX Capital Commercial Investments<\/a> now each own a 17% stake in the company after acquiring over 610 mn shares in total, according to separate disclosures (pdfs \u2014 <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/992.pdf\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/990.pdf\" style=\"\" rel=\"noopener\">here<\/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\/adx\/\">ADX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/bhm-capital\/\">BHM Capital<\/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\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/rak-properties\/\">RAK Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88020\" 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=\"88020\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/the-uae-at-the-arab-ministerial-housing-forum-fm-phones-israeli-british-counterparts-and-uns-kaag\/\">\r\n                            The UAE at the Arab Ministerial Housing Forum + FM phones Israeli, British counterparts and UN\u2019s Kaag                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/the-uae-at-the-arab-ministerial-housing-forum-fm-phones-israeli-british-counterparts-and-uns-kaag\/\" 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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Director of the <a target=\"_blank\" href=\"https:\/\/www.moei.gov.ae\/ar\/about-ministry\/sheikh-zayed-housing-program\" style=\"\" rel=\"noopener\">Sheikh Zayed Housing Programme<\/a> Mohamed Al Mansoori also discussed cooperation with other Arab nations to improve housing conditions at the forum, according to Wam. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FM discusses Gaza with British, Israeli counterparts and UN\u2019s Kaag: <\/strong>Foreign Affairs Minister Sheikh Abdullah bin Zayed Al Nahyan stressed the need to provide aid to Gaza during phone calls with the UK\u2019s Secretary of State for Foreign, Commonwealth and Development Affairs David Cameron and Israeli FM Israel Katz and the UN\u2019s Senior Humanitarian and Reconstruction Coordinator for Gaza Sigrid Kaag yesterday, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b15x9io-abdullah-bin-zayed-makes-phone-calls-with-british\" style=\"\" rel=\"noopener\">Wam<\/a> reported<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER DIPLOMACY NEWS- <\/strong><\/p>\n<ul>\n<li><strong>Turkey to solidify investment ties with Sharjah: <\/strong><a target=\"_blank\" href=\"https:\/\/www.sharjah.gov.ae\/\" style=\"\" rel=\"noopener\">The Sharjah Chamber of<\/a><a target=\"_blank\" href=\"https:\/\/www.sharjah.gov.ae\/\" style=\"\" rel=\"noopener\">Commerce and Industry<\/a> chairman Abdullah Sultan Al Owais met with Consul General Onur \u015eaylan to discuss boosting trade and investment ties between both countries. (<a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/en\/Articles\/2024\/01\/15\/Sharjah-Chamber-Turkey-discuss-furthering-economic-cooperation\" style=\"\" rel=\"noopener\">Sharjah24<\/a>)<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/shjc.sharjah.ae\/\" style=\"\" rel=\"noopener\">The Sharjah Charity International<\/a><\/strong><strong> has shipped medical aid to Ghana <\/strong>for support care centers for the elderly and individuals of determination, including 12 medical beds, various analysis devices to aid medical labs in care centers, as well as artificial respirators. (<a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/en\/Articles\/2024\/01\/15\/SCI-sends-medical-aids-to-Ghana\" style=\"\" rel=\"noopener\">Sharjah24<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/libya\/\">Libya<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah\/\">Sharjah<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/un\/\">UN<\/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=\"88022\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/16\/88022-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88022\" class=\"content-area-description single-story post-88022 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;\">Due to the length of this morning\u2019s issue, our Calendar appears only on the web.<\/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;\">16-18 January (Tuesday-Thursday): Light + Intelligent Building Middle East, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">16-18 January (Tuesday-Thursday): iFX EXPO Dubai 2024, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-20 January (Tuesday-Saturday): The Sharjah Real <\/span><span>Estate<\/span><span style=\"font-weight:400;\"> Exhibition, Expo Centre Sharjah. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">19 January (Friday): The Abu Dhabi Extreme Championship 2 (ADXC 2), Mubadala Arena. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">21-23 January (Sunday-Tuesday): World of Coffee Dubai, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23-25 January (Tuesday-Thursday): The Unmanned Systems Exhibition (UMEX) and the Simulation and Training Exhibition (SimTEX), Abu Dhabi National Exhibition Centre (ADNEC), Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26-28 January (Friday-Sunday): Dubai Challenge Cup, Al Maktoum Stadium, 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;\">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;\">1 February (Thursday): New amendments banning trucks weighing over 65 tonnes to take effect. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2-4 February (Friday-Sunday): Sharjah Classic Cars Festival. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">9 February (Friday): Abu Dhabi International Airport to be renamed to Zayed International Airport.<\/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;\">26-29 February (Monday-Thursday): 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:400;\">28-29 February (Wednesday-Thursday): Ras Al Khaimah Investment and Trade Summit, Rak Exhibition Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28-29 February (Wednesday-Thursday): UAE delegation attends \u2018Invest in Austria\u2019 conference, Vienna.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28 February - 1 March (Wednesday-Friday): MENA Transport Congress and Exhibition 2024, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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;\">2-4 June (Sunday-Tuesday): The World Air Transport Summit and International Air Transport Association (IATA)\u2019s annual general meeting, 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;\">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:400;\">28-30 September (Saturday-Monday): World Association of Nuclear Operators (WANO) Biennial General Meeting, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">30-1 November (Wednesday-Friday): World Cities Cultural Summit, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11-14 November (Monday-Thursday): ADIPEC, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11-14 November (Monday-Thursday): ADIPEC Maritime and Logistics Exhibition and Conference, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11-14 November (Monday-Thursday): ADIPEC Decarbonisation Accelerator, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2-3 December (Monday-Tuesday): National Day, public holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10-12 December (Tuesday-Thursday): Middle East Business Aviation, Dubai World Central.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>GDP to grow >5%, S&#038;P says | Qatar halts LNG shipments through Red Sea | CCB lists green bonds on Nasdaq Dubai | Outlook on Dubai real estate 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