{"id":88294,"date":"2024-01-24T00:00:00","date_gmt":"2024-01-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=88294"},"modified":"2025-12-14T23:17:13","modified_gmt":"2025-12-14T23:17:13","slug":"more-projections-of-higher-gdp-growth","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/more-projections-of-higher-gdp-growth\/","title":{"rendered":"More projections of higher GDP growth"},"content":{"rendered":"<section id=\"88296\" 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=\"88296\">\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\/24\/gdp-growth-will-accelerate-this-year-reuters-poll-suggests-mubadala-is-doubling-down-on-asia\/\">\r\n                            GDP growth will accelerate this year, Reuters poll suggests + Mubadala is doubling down on Asia                        <\/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\/24\/gdp-growth-will-accelerate-this-year-reuters-poll-suggests-mubadala-is-doubling-down-on-asia\/\" target=\"_blank\">\n            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href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/gdp-growth-will-accelerate-this-year-reuters-poll-suggests-mubadala-is-doubling-down-on-asia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1907.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88297\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/gdp-growth-will-accelerate-this-year-reuters-poll-suggests-mubadala-is-doubling-down-on-asia\/1907-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1907.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1907.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1907.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1907.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88296\" class=\"content-area-description single-story post-88296 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-ajman-free-zone tag-empower tag-enterpriseam-uae tag-mubadala tag-real-estate tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.397dd357-6523-4405-b02b-c50266b2586b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Happy hump day, friends.<\/strong> We have a busy issue to get you through the midweek slog, with quite the range of business stories to keep things interesting. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY:<\/strong> More signs are pointing to a year of strong economic growth in the UAE and the wider GCC, this time in the form of a Reuters poll of economists that forecasts a major rebound in growth in 2024 underpinned by non-oil activity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ You can read the full story in this morning\u2019s news well, below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/ksaform.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1829.jpg?ssl=1\"\/><\/a> <\/p>\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=\"wwtt1\"><\/a> <strong>#1- Abu Dhabi wealth fund Mubadala plans to more than double its assets in Asia<\/strong> to 25% fromthe 12% currently under the fund\u2019s management, head of Mubadala\u2019s life sciences and healthcare division Camilla Macapili Languille told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-23\/mubadala-aims-to-double-exposure-to-asia-by-end-of-the-decade\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The wealth fund is looking at emerging markets in which it is \u201cunderweight,\u201d such as China, India, Japan, and South Korea. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bigger tickets?<\/strong> Mubadala\u2019s healthcare investment division usually invests between USD 200-500 mn in Asia, but the fund has the flexibility to increase ticket sizes, Languille said. The fund\u2019s checks to the US and Europe can go up to USD 1 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>#2-<\/strong><strong>Real estate to continue spurring economic growth in 2024:<\/strong> Driven by \u201crobustdemand and favorable investment climate in the country,\u201d the real estate sector will continue to drive economic growth in 2024, <a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/industries\/real-estate\/uae-real-estate-property-market-flourishes-amid-global-challenges-says-new-jll-report\" style=\"\" rel=\"noopener\">Arabian Business<\/a> reports, citing global real estate consultancy firm <a target=\"_blank\" href=\"https:\/\/www.jll-mena.com\/\" style=\"\" rel=\"noopener\">JLL<\/a> \u2019s year in review report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The residential sector saw robust growth, <\/strong>with Dubai\u2019s residential real estate jumping 51% y-o-y in value and 43% y-o-y in volume and Abu Dhabi\u2019s soaring 102% y-o-y in value and 77% y-o-y in volume, according to JLL.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The hospitality sector also did well: <\/strong>Some 5k keys were added to Dubai\u2019s hotels, while 200 keys were added to Abu Dhabi\u2019s, JLL said. Occupancy rates reached 77% in Dubai and 72% in Abu Dhabi in November. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And office + retail space is expected to continue to boom: <\/strong>A surge in demand for office space led to the delivery of some 92k sqm of office space in Dubai, with the total gross leasable area reaching 9.2 mn sqm, the report said. Some 44k sqm of new office space is expected to be added this year, the report ads. In Abu Dhabi, 112k sqm of new office space will be added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3-<\/strong><strong>AFZ eyes 10k business registrations in 2024: <\/strong><a target=\"_blank\" href=\"https:\/\/www.afz.ae\/\" style=\"\" rel=\"noopener\">The Ajman Freezone (AFZ)<\/a> wants to double the number of company registrations to 10k in 2024, AFZ Director General Ismail Al Naqi told Gulf News (<a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/markets\/uaes-ajman-free-zone-aims-to-double-new-company-registrations-in-2024-director-general-1.1706003983871\" style=\"\" rel=\"noopener\">watch, runtime: 1:30<\/a>). AFZ rolled out the \u201cone-click license\u201d service last week in a bid to ease and expedite business registrations. The authority is also set to launch designated packages to support entrepreneurs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- More freezones? <\/strong>The freezone is also eyeing the establishment of new freezones in the coming year, Al Naqi reportedly said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4-<\/strong><strong>A new district cooling standard \u2014 partly launched by the UAE \u2014 will guide <\/strong><strong>countries with emerging district cooling infrastructure by 2025<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/January\/23-01\/Empower-and-ASHRAE\" style=\"\" rel=\"noopener\">Dubai media office<\/a> statement. The Emirates Central Cooling Systems Corporation (<a target=\"_blank\" href=\"https:\/\/www.empower.ae\/\" style=\"\" rel=\"noopener\">Empower<\/a>) and the American Society of Heating, Refrigerating, and Air-Conditioning Engineers (<a target=\"_blank\" href=\"https:\/\/www.ashrae.org\/\" style=\"\" rel=\"noopener\">Ashrae<\/a>) inked an MoU yesterday to collaboratively develop global standards for the design, operation, and maintenance of district cooling systems, in addition to instructions for system improvement and thermal stage integration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Empower and Ashrae first discussed partnering to standardize and refine the <a target=\"_blank\" href=\"https:\/\/www.ashrae.org\/technical-resources\/bookstore\/district-heating-and-cooling-guides\" style=\"\" rel=\"noopener\">district cooling guide<\/a> on the sidelines of COP28 in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c4c4bae7-5ce6-420d-a8c9-86d76e733e19\" style=\"\" rel=\"noopener\">December<\/a>. Empower attended the <a target=\"_blank\" href=\"https:\/\/www.ashrae.org\/conferences\/2024-winter-conference-chicago\" style=\"\" rel=\"noopener\">Ashrae annual conference<\/a>, which wraps up today in Chicago, to finalize the agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#5- Intellectual property + entrepreneurship get a boost:<\/strong> The Economy Ministry is setting up an Intangible Assets and Finance Committee to offer SMEs and startups with customized financial assistance and avenues for funding, <a target=\"_blank\" href=\"https:\/\/economymiddleeast.com\/news\/intellectual-property-entrepreneurship-uae-initiatives\/\" style=\"\" rel=\"noopener\">Economy Middle East<\/a> reports. The ministry is also launching the Patent Incubator, which aims to build a supportive ecosystem for skilled individuals that encourages innovation and \u201cfacilitates the development and protection of patents.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#6- Sharjah to launch new national visual identity: <\/strong>Sharjah Deputy Ruler and Sharjah Executive Council (SEC) chairman Sheikh Sultan bin Mohammed Al Qasimi greenlit the new visual identity for Sharjah during SEC\u2019s meeting yesterday, <a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/en\/Articles\/2024\/01\/23\/SEC-approves-launch-of-Sharjahs-new-identity\" style=\"\" rel=\"noopener\">Sharjah24<\/a> reports. The new identity, set to be revealed next Sunday, is said to reflect the Emirate\u2019s history and cultural heritage. <\/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 THIS WEEK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE Analog Programme will kick off its second analog study this Friday<\/strong>, the <a target=\"_blank\" href=\"https:\/\/twitter.com\/MBRSpaceCentre\/status\/1749427102783344768?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" style=\"\" rel=\"noopener\">Mohammed bin Rashid Space Centre said<\/a>. The study is part of <a target=\"_blank\" href=\"https:\/\/www.nasa.gov\/mission\/hera\/\" style=\"\" rel=\"noopener\">Nasa\u2019s Human Exploration Research Analog (Hera)<\/a>, simulating space-like conditions on Earth to prepare astronauts for longer missions outside the big blue marble.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Emirati analog crew members will be posted at Johnson Space Center\u2019s Hera habitat in Houston, Texas for six months, <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b1a3au0-mohammed-bin-rashid-space-centre-announces\" style=\"\" rel=\"noopener\">Wam<\/a>. The program will be divided into four phases, subjecting crew members to a range of scenarios, including communication delays with ground control and a possible simulated visit to Mars.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Research is also being done here at home, <\/strong>with theUAE University, Mohammed bin Rashid University of Medicine and Health Sciences, and the American University of Sharjah deep in the books to gather insight for the study.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The UAE has big space ambitions: <\/strong>The UAE Analog Programme is being funded by the <a target=\"_blank\" href=\"https:\/\/tdra.gov.ae\/en\/ictfund\" style=\"\" rel=\"noopener\">ICT Fund of the Telecommunications and Digital Government Regulatory Authority<\/a> to support research for UAE-based space missions like the <a target=\"_blank\" href=\"https:\/\/www.mbrsc.ae\/service\/mars_2117\/\" style=\"\" rel=\"noopener\">Mars 2117 program<\/a>. The program\u2019s first analog study concluded in <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/mbrsc-announces-successful-completion-of-the-first-uae-analog-mission-ogustos9\" style=\"\" rel=\"noopener\">2022<\/a>, testing the effects of isolation on the human psyche and physique. <\/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 POINT-<\/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.dm.gov.ae\/foodbank\/\" style=\"\" rel=\"noopener\">UAE Food Bank<\/a><\/strong><strong> helped over 18.6 mn individuals globally and averted 6k tons<\/strong><strong>of surplus food from landfills in 2023<\/strong>, as it works towards its 2027 goal to reduce food waste environmental pollution by 30%, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1a3ali-uae-food-bank%E2%80%99s-initiatives-and-programmes-touch\" style=\"\" rel=\"noopener\">Wam<\/a>. Last year saw the charity establish 32 partnerships with public and private institutions, receiving a collective AED 14.7 mn from over 800 donors. <\/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\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/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=\"uae\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/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\">THE BIG STORIES ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump 2, Haley 0: <\/strong>Days after former US President Donald Trump\u2019s victory in Iowa, the former presidentis now projected to beat last-opponent-standing Nikki Haley in the New Hampshire primary as early results start trickling in. Haley has vowed to fight on, telling supporters that \u201cNew Hampshire is the first in the nation. It is not the last.\u201d (<a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/interactive\/2024\/01\/23\/us\/elections\/results-new-hampshire-republican-primary.html\" style=\"\" rel=\"noopener\">NYT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/politics\/2024-election\/live-blog\/new-hampshire-primary-live-updates-rcna134576\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/politics\/live-news\/new-hampshire-primary-01-23-24\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/ng-interactive\/2024\/jan\/23\/new-hampshire-primary-election-results\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/how-why-new-hampshire-voted-primary-election-6768e1ae04ce2b88d64773a9672d04d8\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-seeks-big-victory-haley-tries-stop-him-new-hampshire-votes-2024-01-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> <strong> |<\/strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/de864afd-03c6-41a4-9d05-c32eef96598b\" style=\"\" rel=\"noopener\">FT<\/a> <strong> |<\/strong><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/new-hampshire-gop-primary-election-2024\" style=\"\" rel=\"noopener\">WSJ<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The Turkish parliament has voted in favor of Sweden becoming a NATO member<\/strong><strong> state, <\/strong>after stalling for 20 months. With Turkey out of the way, Hungary is the only NATO member that is still against Sweden becoming a fellow member. (<a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2024\/01\/23\/turkey-sweden-nato-vote-parliament\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/world-europe-68076829\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/sweden-turkey-nato-membership-veto-erdogan-f16-6bdc19e81d84a0ab18ac2d48ca65b507\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/ce8e47cf-04e0-4d0a-bd07-7d6d822497fe\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/europe\/turkey-approves-swedens-nato-membership-bid-85fb13ea\" style=\"\" rel=\"noopener\">WSJ<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/01\/23\/world\/europe\/turkey-sweden-nato.html\" style=\"\" rel=\"noopener\">NYT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/europe\/20240123-turkish-parliament-hold-vote-sweden-nato-membership\" style=\"\" rel=\"noopener\">AFP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/turkey-set-approve-swedens-nato-membership-bid-after-long-delay-2024-01-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.politico.eu\/article\/turkey-approves-swedens-nato-bid\/\" style=\"\" rel=\"noopener\">Politico<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-23\/turkish-parliament-votes-to-ratify-sweden-s-entry-into-nato-lrqrp60d\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Christopher Nolan\u2019s Oppenheimer nabbed 13 Oscar nominations for best picture,<\/strong><strong> director, acting and craft categories<\/strong>, dominating the 2024 Oscar nominations. Nolan has never won an Oscar before despite his rich blockbuster portfolio, but critics think this might be the one. <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/oscar-nominations-academy-awards-oppenheimer-barbie-b5624852d64fb1bcc654e1002a8bfcee\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/e835e231-b5c9-4206-af6d-c0dfb77f612b\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/lifestyle\/oppenheimer-barbie-nominated-best-picture-oscars-2024-01-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/film\/2024\/jan\/23\/oscars-2024-nominations-oppenheimer-barbie-poor-things\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2024\/01\/23\/movies\/oscar-nominations-academy-awards\" style=\"\" rel=\"noopener\">NYT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/01\/23\/christopher-nolans-oppenheimer-tops-all-oscar-nominees-with-13-barbie-snags-8.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-23\/-oppenheimer-leads-oscars-nominations-in-showdown-with-barbie\" style=\"\" rel=\"noopener\">Bloomberg<\/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\">CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirati real estate developers will be in Sao Paulo, Brazil, for the UAE <\/strong><strong>Property Forum<\/strong>, hosted by the Emirati embassy in Brazil and the Consulate General in Sao Paulo. The exhibition is happening next Monday and Tuesday, 29-30 January at the Tivoli Mofarrej S\u00e3o Paulo Hotel, Brazil, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/uae-property-forum-in-sao-paulo-to-attract-investors-from-brazil-on-january-29-30-hq9pjhog\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.arabhealthonline.com\/en\/Home.html\" style=\"\" rel=\"noopener\">Arab Health Exhibition 2024<\/a><\/strong><strong> will kick off next Monday, 29 January and runs through <\/strong><strong>Thursday, 1 February<\/strong> in Dubai. Over 3k companies will be in attendance, including European healthcare and diagnostic software provider <a target=\"_blank\" href=\"https:\/\/www.dedalus.com\/global\/en\/\" style=\"\" rel=\"noopener\">Dedalus<\/a>. The exhibit aims to showcase the latest tech-powered solutions to challenges in the healthcare sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/fort.global\/\" style=\"\" rel=\"noopener\">Family Office Roundtable (FORT)<\/a><\/strong><strong> Global<\/strong> on Friday, 2 February at the Museum of the Future, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/dubai-welcomes-fort-global-a-2trln-family-office-transformation-l7hlpfo7\" style=\"\" rel=\"noopener\">press release<\/a>. The invite-only event will center discussions on the international finance and investment communities, influential family offices, government members and dignitaries, with nearly 10k guests, hailing from over 35 countries.<\/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.mubadalaabudhabiopen.com\/tickets\/\" style=\"\" rel=\"noopener\">Mubadala Abu Dhabi Tennis Open<\/a><\/strong><strong> will take place from Saturday, 3 February to <\/strong><strong>Sunday, 11 February<\/strong> at Zayed Sports City's International Tennis Centre. The tournament will see participation from four-time Grand Slam champion Naomi Osaka, plus Elena Rybakina, Ons Jabeur, Maria Sakkari, and Barbora Krej\u010d\u00edkov\u00e1, reports <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/sport\/tennis\/2024\/01\/22\/naomi-osaka-accepts-wildcard-for-mubadala-abu-dhabi-open\/\" style=\"\" rel=\"noopener\">The National<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Young entrepreneurs can pitch their early education startup ideas at the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/adycstartupweekend.org\/\" style=\"\" rel=\"noopener\">Abu<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/adycstartupweekend.org\/\" style=\"\" rel=\"noopener\">Dhabi Youth Challenge: Techstars Startup Weekend<\/a><\/strong>, running for three days from Friday, 2 February, to Sunday, 4 February at <a target=\"_blank\" href=\"https:\/\/www.cloudspaces.ae\/abu-dhabi-global-market\" style=\"\" rel=\"noopener\">Cloud Spaces ADGM<\/a> in Abu Dhabi. Participants get 54 hours to develop startup ideas under the mentorship of founders and investors, form teams with which they can develop a demo or prototype, and then present their ideas to a panel of judges. The top three teams will get AED 30k. <\/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.petrospot.com\/events\/mebc24-dubai\" style=\"\" rel=\"noopener\">Middle East Bunkering Convention<\/a><\/strong><strong> will take place from Monday, 5 February through<\/strong><strong> to Wednesday, 7 February<\/strong> at the Hilton Dubai Jumeirah. The event will bring together industry experts to tap into issues affecting the global marine fuel sector, including supply chains, decarbonization, and new fuels.<\/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.theuaetourwomen.com\/\" style=\"\" rel=\"noopener\">The UAE Tour Women<\/a><\/strong><strong> will take place from 8-11 February starting in Dubai and ending in <\/strong><strong>Abu Dhabi. <\/strong>The event will feature three sprint stages and a mountain climb up Jebel Hafeet, spanning 468 km from Dubai to Abu Dhabi. Riders will compete for the competition\u2019s Red, Green, White and Black jerseys. <\/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.safcongressmena.com\/\" style=\"\" rel=\"noopener\">Sustainable Aviation Futures MENA<\/a><\/strong><strong> will kick off on Monday, 12 February through<\/strong><strong> to Wednesday, 14 February<\/strong> at Kempinski Central Avenue. The event will see 80 expert speakers and upwards of 200 high level attendants and will handle topics pertaining to regulation, financing, and investments in Sustainable Aviation Fuels (SAF) in MENA.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.worldgovernmentsummit.org\/\" style=\"\" rel=\"noopener\">World Government Summit<\/a><\/strong><strong> from Monday, 12 February, to <\/strong><strong>Wednesday, 14 February. <\/strong>The summit, with a central theme on the daily implications of AI, will include 15 AI-centered conferences and an annual gathering for the Time 100 AI list. OpenAI CEO Sam Altman will be among the speakers headlining the event, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/uae\/government\/uae-sam-altman-of-chatgpt-maker-openai-among-global-disruptors-to-headline-world-government-summit-2024-in-dubai-1.100610988#:~:text=Dubai%3A%20The%20World%20Government%20Summit,4%20%2D%20and%20other%20global%20disruptors.\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports. Over 4k participants from 150 countries are expected to be in attendance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/10times.com\/e1x3-42g7-krkg\" style=\"\" rel=\"noopener\">Future Warehouse & Logistics 2024 Conference<\/a><\/strong><strong> from Monday, 12<\/strong><strong> February to Wednesday, 14 February<\/strong> in Dubai. The event will handle means for supply chain leaders to boost resilience and overcome challenges, with discussions on disruptions, sustainability, Internet of Things (IoT), automation, workplace management and other topics.<\/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:\/\/middleeast.breakbulk.com\/Home\" style=\"\" rel=\"noopener\">Breakbulk Middle East 2024<\/a><\/strong><strong> will take place from Monday, 12 February, to Tuesday,<\/strong><strong>13 January<\/strong>, in Dubai. The event is being hosted by the Ministry of Energy and Infrastructure to address industry challenges and identify prospects for growth in the UAE, KSA, and East Africa. <\/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:\/\/rakcalendar.ae\/events\/ras-al-khaimah-half-marathon\/\" style=\"\" rel=\"noopener\">Ras Al Khaimah Half Marathon<\/a><\/strong><strong> is returning on Saturday, 24 February, <\/strong>on Al Marjan Island. The World Athletics Gold Label event will welcome athletes, running enthusiasts and amateurs alike. You can register <a target=\"_blank\" href=\"https:\/\/portal.mikatiming.de\/rak\/SportsProPortal\/startcustom.do?type=single&mid=JGD3BVOQ1&locale=en\" 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>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ajman-free-zone\/\">Ajman Free Zone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/empower\/\">Empower<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88298\" 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=\"88298\">\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\/24\/picking-up-the-pace\/\">\r\n                            Reuters poll sees UAE GDP growth accelerating in 2024 as GCC economies stage a \u201crebound\u201d                        <\/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\/24\/picking-up-the-pace\/\" 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\/24\/picking-up-the-pace\/')\">\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\/24\/picking-up-the-pace\/\">\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=Picking up the pace&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/picking-up-the-pace\/\">\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\/24\/picking-up-the-pace\/&title=Picking up the pace\">\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=Picking+up+the+pace+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F24%2Fpicking-up-the-pace%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\/24\/picking-up-the-pace\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2101.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88299\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/picking-up-the-pace\/2101-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2101.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2101.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2101.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2101.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88298\" class=\"content-area-description single-story post-88298 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-uae tag-gdp 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\/.16c3f2cb-efd3-4e5f-ae1b-01a0dd96f9f4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Economic growth will accelerate in 2024 to 3.8%, up from last year\u2019s 3.0%<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/gulf-economies-rebound-2024-despite-weak-oil-growth-outlook-2024-01-23\/\" style=\"\" rel=\"noopener\">Reuters poll<\/a> of 20 economists. The economists also expect the UAE\u2019s budget surplus to narrow this year, although an exact figure was not provided. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How this compares to other projections:<\/strong> The World Bank expects to see 3.7% growth in 2024, it said in its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9ee131b3-65ed-4b90-bb2f-e109723babbf\" style=\"\" rel=\"noopener\">Global Economic Prospects report<\/a>, up from the previous estimate of 3.4% in the June edition of its report. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a8f893dd-eee1-4bc3-b44b-34f79d4862ed\" style=\"\" rel=\"noopener\">Arab Monetary Fund sees<\/a> the UAE\u2019s GDP growing at a 4.3% clip this year, while the Central Bank of the UAE is more bullish, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/12f420c8-0f81-4607-a27d-a40a6ecc8281\" style=\"\" rel=\"noopener\">saying last month<\/a> it sees the economy growing at a 5.7% clip in 2024. S&P Global Ratings <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/82342bed-947d-41ed-9499-33132df1f9fd\" style=\"\" rel=\"noopener\">also expects<\/a> the economy to grow more than 5% this year.<\/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 REGIONAL PICTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outlook: <\/strong>All six economies of the Gulf Cooperation Council (GCC) are expected to grow at an average of 3.5% in 2024, with estimates of 2023 to have closed at 0.8%, the survey showed. \"For 2024, we anticipate [oil] production cuts to remain in place, which dampens the oil sector outlook and also total real GDP,\" said S&P Global\u2019s Ralf Wiegert.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Diversification is set to fuel growth in the regional bloc\u2019s non-oil sector <\/strong>with expectations of the sector growing 3.6% this year \u201cunderpinned by continued investment as oil exporting countries push ahead with ambitious economic diversification programmes,\" said chief economist and head of research at Emirates NBD, Khatija Haque.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The downside risk:<\/strong> Pundits pointed to a \u201cchallenging global outlook\u201d as potentially weighing on GCC economies\u2019 performance this year, thanks to a combination of high interest rates, regional tensions from the war between Israel and Hamas to the trade disruption in the Red Sea, and \u201can unlikely reversal in oil production cuts.\u201d <\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88300\" 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=\"88300\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/eagle-hills-and-emaar-line-up-investments-in-ksas-hospitality-sector\/\">\r\n                            Eagle Hills to finalize talks over AED 5.8 bn Saudi resort within a month                        <\/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\/24\/eagle-hills-and-emaar-line-up-investments-in-ksas-hospitality-sector\/\" 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\/24\/eagle-hills-and-emaar-line-up-investments-in-ksas-hospitality-sector\/')\">\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\/24\/eagle-hills-and-emaar-line-up-investments-in-ksas-hospitality-sector\/\">\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=Eagle Hills and Emaar line up investments in KSA\u2019s hospitality sector&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/eagle-hills-and-emaar-line-up-investments-in-ksas-hospitality-sector\/\">\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\/24\/eagle-hills-and-emaar-line-up-investments-in-ksas-hospitality-sector\/&title=Eagle Hills and Emaar line up investments in KSA\u2019s hospitality sector\">\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=Eagle+Hills+and+Emaar+line+up+investments+in+KSA%E2%80%99s+hospitality+sector+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F24%2Feagle-hills-and-emaar-line-up-investments-in-ksas-hospitality-sector%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\/24\/eagle-hills-and-emaar-line-up-investments-in-ksas-hospitality-sector\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1967.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88301\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/eagle-hills-and-emaar-line-up-investments-in-ksas-hospitality-sector\/1967-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1967.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1967.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1967.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1967.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88300\" class=\"content-area-description single-story post-88300 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-dubai tag-eagle-hills tag-emaar tag-enterpriseam-uae tag-investment-watch tag-ksa 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\/.2172f57a-c26a-4381-8114-0157e5798348.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Eagle Hills + PIF to line up AED 5.9<\/strong><strong> bn<\/strong><strong> investment in Saudi resort: <\/strong>Abu Dhabi-based investment firm Eagle Hills is partnering with Saudi Arabia\u2019s Public Investment Fund (PIF) to develop a SAR 6 bn (AED 5.8 bn) hotel resort in the Kingdom, <a target=\"_blank\" href=\"https:\/\/bit.ly\/3StVdrX\" style=\"\" rel=\"noopener\">Asharq Business<\/a> cites Eagle Hills and Emaar Chairman Mohamed Alabbar as saying. The firm is currently finalizing agreements with the wealth fund and plans to disclose the details of the project within a month, Alabbar said on Monday at the <a target=\"_blank\" href=\"https:\/\/www.therff.com\/new\/index_en.php\" style=\"\" rel=\"noopener\">Real Estate Future Forum<\/a>, held in Riyadh. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emaar to unveil four Address hotels in KSA:<\/strong> Dubai-based Emaar Properties is currently building four hotels under the <a target=\"_blank\" href=\"https:\/\/www.addresshotels.com\/en\/\" style=\"\" rel=\"noopener\">Address Hotels and Resorts<\/a> brand in Saudi Arabia, two in Riyadh and the other two in Makkah, according to Alabbar. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And a new KAEC project with PIF: <\/strong>Emaar Properties is also set to establish a new project in collaboration with Saudi\u2019s Public Investment Fund (PIF) in the King Abdullah Economic City (KAEC) in the city of Rabigh, <a target=\"_blank\" style=\"\" rel=\"noopener\">Mubasher<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About KAEC:<\/strong> Located 100 km north of Jeddah, the Economic City is currently being developed by <a target=\"_blank\" href=\"https:\/\/www.kaec.net\/about\/\" style=\"\" rel=\"noopener\">Emaar, The Economic City<\/a>, a subsidiary of Emaar properties. The Saudi government <a target=\"_blank\" href=\"https:\/\/saudigazette.com.sa\/article\/631602#:~:text=King%20Abdullah%20Economic%20City%20(KAEC)%20SEZ,from%20its%20base%20in%20KAEC%20SEZ.\" style=\"\" rel=\"noopener\">repurposed<\/a> the area as a special economic zone last year to drive the Kingdom\u2019s industrial growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the UAE front, Alabbar\u2019s firms recently bought large plots of land in Dubai, <\/strong>Alabbar said, adding that he expects that the emirate will run out of land suitable for development in the future.<\/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\/eagle-hills\/\">Eagle Hills<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emaar\/\">Emaar<\/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\/ksa\/\">KSA<\/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=\"88302 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=\"88302\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/88302-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88302\" class=\"content-area-description single-story post-88302 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=\"88303\" 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=\"88303\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/alpha-mbm-could-invest-in-usd-4-bn-crude-oil-refinery-in-uganda\/\">\r\n                            Uganda in talks with Dubai-based Alpha MBM Investments for a USD 4 bn oil refinery                        <\/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\/24\/alpha-mbm-could-invest-in-usd-4-bn-crude-oil-refinery-in-uganda\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n      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alt=\"\" data-attachment-id=\"88304\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/alpha-mbm-could-invest-in-usd-4-bn-crude-oil-refinery-in-uganda\/2041-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2041.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2041.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2041.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2041.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88303\" class=\"content-area-description single-story post-88303 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-alpha-mbm-investments tag-energy tag-enterpriseam-uae tag-investment-watch tag-totalenergies 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\/.1d16ecf7-52a4-406f-b501-d808a21c3156.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-based private investment office<\/strong><strong><a target=\"_blank\" href=\"https:\/\/alphambm.com\/\" style=\"\" rel=\"noopener\">Alpha MBM Investments<\/a><\/strong><strong> is in discussions <\/strong><strong>with Uganda for the establishment of a <\/strong><strong>USD 4 bn refinery<\/strong> to process a portion of the country\u2019s crude oil, Ugandan Energy Minister Ruth Nankabirwa said, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/uganda-talks-with-uae-investment-firm-over-planned-oil-refinery-2024-01-23\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The negotiations, which began last week, are expected to be completed in three months, Nankabirwa said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>These negotiations come after the collapse of talks with a US consortium<\/strong>, which included Baker Hughes, last year over the refinery \u2014 which will produce 60k barrels per day \u2014 due to its inability to secure financing in a timely manner. Several potential investors submitted expressions of interest, which were evaluated before an MoU was inked with MBM Investments, Nankabirwa said during a press conference. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Uganda is set to commence commercial crude oil production in 2025,<\/strong> tapping into fields within the Albertine Rift Basin situated in the western part of the nation, in proximity to the border with the Democratic Republic of Congo. The Ugandan government manages the oil fields through the state-operated Uganda National Oil Company, in conjunction with China's CNOOC and France's TotalEnergies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who is Alpha MBM Investments? <\/strong>The investment office is led by Dubai royal family member Sheikh Mohammed bin Maktoum bin Juma Al Maktoum, with ventures in sectors ranging from tech and infrastructure to sustainable energy, according to its <a target=\"_blank\" href=\"https:\/\/alphambm.com\/about-us\/\" style=\"\" rel=\"noopener\">website<\/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\/alpha-mbm-investments\/\">Alpha MBM Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/totalenergies\/\">TotalEnergies<\/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=\"88305\" 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=\"88305\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/elite-co-acquires-cold-chain-logistics-company-in-a-multi-mn-usd-transaction\/\">\r\n                            Elite Co acquires cold chain logistics company in a multi mn-USD transaction                        <\/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\/24\/elite-co-acquires-cold-chain-logistics-company-in-a-multi-mn-usd-transaction\/\" 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\/24\/elite-co-acquires-cold-chain-logistics-company-in-a-multi-mn-usd-transaction\/')\">\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\/24\/elite-co-acquires-cold-chain-logistics-company-in-a-multi-mn-usd-transaction\/\">\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=Elite Co acquires cold chain logistics company in a multi mn-USD transaction&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/elite-co-acquires-cold-chain-logistics-company-in-a-multi-mn-usd-transaction\/\">\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\/24\/elite-co-acquires-cold-chain-logistics-company-in-a-multi-mn-usd-transaction\/&title=Elite Co acquires cold chain logistics company in a multi mn-USD transaction\">\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=Elite+Co+acquires+cold+chain+logistics+company+in+a+multi+mn-USD+transaction+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F24%2Felite-co-acquires-cold-chain-logistics-company-in-a-multi-mn-usd-transaction%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\/24\/elite-co-acquires-cold-chain-logistics-company-in-a-multi-mn-usd-transaction\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1971.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88306\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/elite-co-acquires-cold-chain-logistics-company-in-a-multi-mn-usd-transaction\/1971-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1971.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1971.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1971.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1971.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88305\" class=\"content-area-description single-story post-88305 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseam-uae tag-freight tag-investment-watch tag-logistics tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.75b05ebc-d268-4ad2-b06f-5ae79c03aebf.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>GreenDome subsidiary acquires cold chain logistics company:<\/strong>Dubai-based land freight company <a target=\"_blank\" href=\"https:\/\/www.go.elite-co.com\/\" style=\"\" rel=\"noopener\">Elite Co<\/a>, a subsidiary of GCC-based logistics investment consortium <a target=\"_blank\" href=\"http:\/\/www.greendomeinvestments.com\/\" style=\"\" rel=\"noopener\">GreenDome Holdings<\/a>, has acquired UAE-based cold chain logistics company <a target=\"_blank\" href=\"https:\/\/www.logxtransport.com\/\" style=\"\" rel=\"noopener\">LogX<\/a> in a USD multi-mn transaction, according to a <a target=\"_blank\" href=\"https:\/\/www.go.elite-co.com\/insightful-reads\/uae%E2%80%99s-elite-acquires-logx-in-multi-million-dollar-logistics-deal\" style=\"\" rel=\"noopener\">press release<\/a>. The acquisition broadens the scope of logistics services for both GDH and its subsidiary, while also expanding their reach.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cLogX's impressive track record and strong market presence will further strengthen GDH's capabilities, allowing us to deliver even more comprehensive and innovative solutions to our clients,\u201d GreenDome Holdings CEO Mohammed Sharaf said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong>GreenDome Investments acquired Elite, a supply chain solutions company that operates throughout Oman, Bahrain, Qatar and the UAE, back in November 2021 in what was then one of the \u201clargest acquisitions in the logistics market,\u201d <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/details\/1395302997541\" style=\"\" rel=\"noopener\">Wam<\/a> reported.<\/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\/freight\/\">freight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88307\" 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=\"88307\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/\">\r\n                            Crysp Farms closes USD 2.25 mn pre-series A round led by GateCapital                        <\/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\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/\" 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\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/')\">\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\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/\">\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=Crysp Farms closes USD 2.25 mn pre-series A round led by GateCapital&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/\">\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\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/&title=Crysp Farms closes USD 2.25 mn pre-series A round led by GateCapital\">\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=Crysp+Farms+closes+USD+2.25+mn+pre-series+A+round+led+by+GateCapital+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F24%2Fcrysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital%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\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2042.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88308\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/crysp-farms-closes-usd-2-25-mn-pre-series-a-round-led-by-gatecapital\/2042-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2042.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2042.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2042.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2042.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88307\" class=\"content-area-description single-story post-88307 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-agriculture tag-crysp-farms tag-enterpriseam-uae tag-saudi-arabia tag-startup-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.daf33bf5-b104-4f98-8b89-aa6c9338a70c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-based vertical farming startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cryspfarms.com\/\" style=\"\" rel=\"noopener\">Crysp Farms<\/a><\/strong><strong> has secured <\/strong><strong>USD 2.25 mn<\/strong><strong> (AED <\/strong><strong>8.3 mn) in a <\/strong><strong>pre-series A funding round<\/strong>, according to a company <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/crysp-farms-secures-225mln-pre-series-a-round-led-by-gate-capital-uybq2t7f\" style=\"\" rel=\"noopener\">press release<\/a>. The seed round was led by strategic and financial advisory firm <a target=\"_blank\" href=\"https:\/\/gatecapital.net\/\" style=\"\" rel=\"noopener\">GateCapital<\/a>, as well as unnamed strategic investors from the UAE and Saudi Arabia, the statement reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The seed round will help Crysp Farms expand its presence regionally across Saudi <\/strong><strong>Arabia, Seychelles, and the Maldives<\/strong>, as well as facilitate the establishment of new farms in the UAE within hotels and resorts managed by Hilton Worldwide, Jumeirah Group, and Marriott International. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A special focus on Saudi:<\/strong> Crysp Farms is currently prioritizing the establishment of its farms within the hospitality and healthcare sectors across different cities in Saudi Arabia, along with providing support for undisclosed \u201cdevelopment projects.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Crysp Farms:<\/strong> Founded in 2019, Crysp Farms builds and operates vertical hydroponic farms for hotels, hospitals, restaurants, and supermarkets, providing 130 crop varieties for fresh local produce. The startup currently operates in 20 locations across the UAE, with farms at the Ritz Carlton JBR, Carrefour Me\u2019aisem, and Mandarin Oriental.<\/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\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crysp-farms\/\">Crysp farms<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88309\" 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=\"88309\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/adib-reports-bumper-2023-earnings\/\">\r\n                            ADIB nets more than AED 5 bn in 2023 earnings                        <\/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\/24\/adib-reports-bumper-2023-earnings\/\" 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\/24\/adib-reports-bumper-2023-earnings\/')\">\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\/24\/adib-reports-bumper-2023-earnings\/\">\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=ADIB reports bumper 2023 earnings&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/adib-reports-bumper-2023-earnings\/\">\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\/24\/adib-reports-bumper-2023-earnings\/&title=ADIB reports bumper 2023 earnings\">\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=ADIB+reports+bumper+2023+earnings+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F24%2Fadib-reports-bumper-2023-earnings%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\/24\/adib-reports-bumper-2023-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2013.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88310\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/adib-reports-bumper-2023-earnings\/2013-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2013.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2013.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2013.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2013.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88309\" class=\"content-area-description single-story post-88309 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-abu-dhabi-islamic-bank tag-banking tag-earnings-watch tag-enterpriseam-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.98d2a3ab-90da-483e-b20e-39b2b674c289.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi Islamic Bank (ADIB) saw its bottom line increase 45% y-o-y in 2023 to a <\/strong><strong>record AED 5.25 bn<\/strong>, according to the bank\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/2006.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The bank\u2019s net income in 4Q 2023 reached AED 1.5 bn, up 29% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Funded and non-funded income led the record growth:<\/strong> ADIB\u2019s revenues during the year rose 36% y-o-y to AED 9.3 bn. The revenue surge, driven by a 47% y-o-y increase in funded income to AED 6.1 bn due to heightened transaction volumes and improved gross margins, was also complemented by an 18% y-o-y rise in non-funded income to AED 3.2 bn on the back of increased fees and commissions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total assets and deposits also grew:<\/strong> ADIB\u2019s total assets rose 14% y-o-y to AED 193 bn in 2023, driven by a 6% y-o-y surge in gross financing and a 26% y-o-y increase in investments. The bank\u2019s total customer deposits also saw a 14% y-o-y increase to AED 157 bn, driven by a 9% y-o-y surge in current and savings accounts, which now comprise 65% of ADIB\u2019s total deposits.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What does 2024 look like for ADIB?<\/strong> \u201cLooking ahead for 2024 and while the global economic outlook remains uncertain, we are confident that our strong financial position, strong capital and liquidity ratios will enable us to capture business [prospects] and identify new growth areas and continue to see broad-based income momentum across the group,\u201d ADIB CEO Nasser Abdulla Al Awadhi said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> The bank\u2019s board is proposing a dividend of 71 fils per share, up from 49 fils per share in 2022. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-islamic-bank\/\">Abu Dhabi Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88311\" 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=\"88311\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/dibs-net-income-rises-26-to-aed-7-bn-in-2023\/\">\r\n                            DIB\u2019s net income rises 26% to AED 7 bn in 2023                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/dibs-net-income-rises-26-to-aed-7-bn-in-2023\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The breakdown:<\/p>\n<ul>\n<li><strong>Consumer banking: <\/strong>DIB\u2019s consumer banking portfolio grew 8% to AED 56 bn in FY 2023 and generated AED 5.3 bn in revenues during the year, up 9% y-o-y. <\/li>\n<\/ul>\n<ul>\n<li><strong>Corporate banking:<\/strong> The bank\u2019s corporate banking portfolio reached AED 143 bn, up 7% y-o-y driven by expansions in the services, utilities, automobile, and financial institution sectors. The segment's revenue inched up 1% to AED 2.9 bn.<\/li>\n<\/ul>\n<ul>\n<li><strong>Treasury:<\/strong> Net financing and sukuk investments rose 12% y-o-y to AED 268 bn. The bank\u2019s sukuk investment portfolio grew 30.5% y-o-y to AED 68 bn, constituting 22% of the bank\u2019s assets. Gross new sukuk investments in 2023 totaled AED 21 bn, up 52% y-o-y, resulting in a net growth of AED 16 bn for the year.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rise in numbers was driven by higher non-funded revenue and reduced impairment charges<\/strong>, and were \u201csupported by significant asset growth, stable costs, and strong margins, solid recoveries,\u201d said CEO Adnan Chilwan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> The bank proposed a 45% dividend, pending shareholder approval at the annual general meeting. <\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-islamic-bank\/\">Dubai Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88313\" 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=\"88313\">\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\">TRENDING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/uae-lose-to-iran-but-qualify-for-knockout-rounds-of-asian-cup\/\">\r\n                            UAE qualify for knockout rounds of Asian Cup, just                        <\/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\/24\/uae-lose-to-iran-but-qualify-for-knockout-rounds-of-asian-cup\/\" 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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X was following the action with the hashtag <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%23%D8%A7%D9%84%D8%A7%D9%85%D8%A7%D8%B1%D8%A7%D8%AA_%D8%A7%D9%8A%D8%B1%D8%A7%D9%86&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">#\u0627\u0644\u0627\u0645\u0627\u0631\u0627\u062a_\u0627\u064a\u0631\u0627\u0646<\/a> (The Emirates vs Iran). <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%D9%8A%D8%AD%D9%8A%D9%89%20%D8%A7%D9%84%D8%BA%D8%B3%D8%A7%D9%86%D9%8A&src=typed_query&f=live\" style=\"\" rel=\"noopener\">#\u064a\u062d\u064a\u0649 \u0627\u0644\u063a\u0633\u0627\u0646\u064a<\/a> (Yehia Al Ghasani)\u2019s <a target=\"_blank\" href=\"https:\/\/twitter.com\/iiii8vi\/status\/1749838994366468271\" style=\"\" rel=\"noopener\">92nd minute goal<\/a> secured second place for the national team, after his <a target=\"_blank\" href=\"https:\/\/twitter.com\/alamii80\/status\/1749834477495369840\" style=\"\" rel=\"noopener\">62nd minute penalty miss<\/a>. The Emirates are set to play Uzbekistan on 28 January at 6pm.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_InsertUAESponsorBlock_!<\/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\/asian-cup\/\">Asian Cup<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sports\/\">Sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trending\/\">TRENDING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88315\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" 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target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/117160.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88316\" 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=\"88316\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/sharjahs-getting-more-ev-chargers\/\">\r\n                            Sharjah\u2019s getting more EV chargers                        <\/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\/24\/sharjahs-getting-more-ev-chargers\/\" 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          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-->\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\/24\/sharjahs-getting-more-ev-chargers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2051.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88317\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/sharjahs-getting-more-ev-chargers\/2051-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2051.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2051.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2051.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2051.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88316\" class=\"content-area-description single-story post-88316 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-defense tag-edge tag-education tag-egypt tag-enterpriseam-uae tag-healthcare tag-m42 tag-oracle tag-rakbank tag-sharjah tag-sports tag-tech wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.88d3d982-9c2a-409f-a3b8-f307fa32de96.mp3\"><\/audio><\/figure><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>Sharjah to expand EV charging network: <\/strong><a target=\"_blank\" href=\"https:\/\/www.srta.gov.ae\/en-us\/home.html\" style=\"\" rel=\"noopener\">Sharjah Roads and Transport Authority<\/a><a target=\"_blank\" href=\"https:\/\/www.srta.gov.ae\/en-us\/home.html\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.srta.gov.ae\/en-us\/home.html\" style=\"\" rel=\"noopener\">(SRTA)<\/a> will cooperate with state-backed sustainable solutions firm <a target=\"_blank\" href=\"https:\/\/www.beeahgroup.com\/\" style=\"\" rel=\"noopener\">Beeah<\/a> to expand the emirate\u2019s electric vehicle (EV) charging infrastructure, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13q9o6c-srta-beeah-deploy-charging-infrastructure-towards\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The partnership will see Beeah develop and install a network of EV charging points and fast chargers across Sharjah along highways and in commercial and urban areas. The project is in line with the Emirates\u2019 national EV policy, which looks to have EVs account for 50% of all vehicles in the UAE by 2050.<\/p>\n<p class=\"tag-border-left\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>American computer tech company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.oracle.com\/\" style=\"\" rel=\"noopener\">Oracle<\/a><\/strong><strong> is developing an AI-driven customer <\/strong><strong>experience center at its Dubai office <\/strong>as part of renovations, Oracle\u2019s senior VP for tech cloud and UAE country head, Nick Redshaw, told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/technology\/2024\/01\/23\/oracle-to-expand-dubai-operations-amid-plans-to-build-more-cloud-regions-in-middle-east\/\" style=\"\" rel=\"noopener\">The National<\/a>. The company has also collaborated with Dubai Business Women Council for a year-long initiative that aims to upskill 500 women entrepreneurs on AI, Redshaw told the outlet.<\/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\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An air corridor for perishable supplies will be established through a partnership <\/strong><strong>between Etihad Cargo, Abu Dhabi Airports, and Abu Dhabi Food Hub,<\/strong> according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/etihad-cargo-abu-dhabi-airports-and-abu-dhabi-food-hub-announce-the-signing-of-major-mou-k39e7ljs\" style=\"\" rel=\"noopener\">press release<\/a>. The statement did not mention when the air corridor, named Fresh Corridor 2.0, will begin operating.<\/p>\n<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>M42, Egypt talk partnership: <\/strong>A delegation of Egyptian human vaccine manufacturing companies met yesterday with Mubadala and G42\u2019s healthcare venture <a target=\"_blank\" href=\"https:\/\/m42.ae\/\" style=\"\" rel=\"noopener\">M42<\/a> to explore the potential of collaborating in AI, predictive wastewater monitoring, and early cancer detection, reports <a target=\"_blank\" href=\"https:\/\/www.dailynewsegypt.com\/2024\/01\/22\/egypts-imc-uaes-m42-group-explore-investment-opportunities-in-health-care-technology\/\" style=\"\" rel=\"noopener\">Daily News Egypt<\/a>. The visit was organized by <a target=\"_blank\" href=\"http:\/\/www.imc-egypt.org\/index.php\/ar\/\" style=\"\" rel=\"noopener\">Egypt\u2019s Industrial Modernization Center (IMC)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt \u2764\ufe0f UAE healthcare tech: <\/strong>Egypt\u2019s Health Minister sat down with another Emirati AI-powered health company \u2014 <a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=5f30a81c14&e=8e5fca127e\" style=\"\" rel=\"noopener\">G42 Healthcare<\/a> \u2014 on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/38ad0745-4383-44ef-a9e0-3f7deb3f12fd\" style=\"\" rel=\"noopener\">Saturday<\/a> to consider the establishment of a modern laboratory for genetic testing, water analyses, and food analyses in Cairo\u2019s Badr City.<\/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\">TELECOMS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oracle + du could roll out nationwide cloud platform:<\/strong> Dubai-based telecom operator <a target=\"_blank\" href=\"https:\/\/www.du.ae\/personal\" style=\"\" rel=\"noopener\">du<\/a> inked a partnership agreement with US-based software provider <strong><a target=\"_blank\" href=\"https:\/\/www.oracle.com\/\" style=\"\" rel=\"noopener\">Oracle<\/a><\/strong>to explore developing a sovereign hyperscaler cloud service for the UAE during Oracle\u2019s Dubai <a target=\"_blank\" href=\"https:\/\/www.oracle.com\/cloudworld-tour\/\" style=\"\" rel=\"noopener\">CloudWorld Tour<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/oracle-and-du-collaborate-to-launch-sovereign-hyperscaler-cloud-services-utaegcma\" 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>SOUND SMART- <\/strong>A sovereign hyperscaler cloud is a large-scale data center operator that processes and stores data within the sovereign borders of a certain region, preventing foreign access to the data.<\/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:\/\/eand.com\/\" style=\"\" rel=\"noopener\">Etisalat by e&<\/a><\/strong><strong> will also make use of Oracle\u2019s software<\/strong>, after it expanded its previousagreement with the firm yesterday to include the deployment of Oracle\u2019s NVIDIA clusters in the Oracle cloud region, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/etisalat-by-e-and-strengthens-collaboration-with-oracle-wzr2qerd\" style=\"\" rel=\"noopener\">press release<\/a>. The on-premises computing resources will also integrate AI into Etisalat by e&\u2019s business applications.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The telecoms service provider inked an agreement with Oracle back in <a target=\"_blank\" href=\"https:\/\/www.oracle.com\/eg\/news\/announcement\/eand-selects-oracle-cloud-to-shape-uae-digital-future-2023-05-03\/\" style=\"\" rel=\"noopener\">May 2023<\/a> to migrate its HR business applications to the <a target=\"_blank\" href=\"https:\/\/www.oracle.com\/eg\/cloud\/cloud-at-customer\/dedicated-region\/\" style=\"\" rel=\"noopener\">Oracle Cloud Infrastructure (OCI) Dedicated Region<\/a>. Oracle\u2019s cloud region includes over 100 cloud services on-premise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO FROM ETISALAT- The telco teamed up with Kezad Communities to<\/strong><strong> strengthen the digital infrastructure at Razeen Worker <\/strong><strong>Residential City in Abu Dhabi<\/strong>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1aoq1a-kezad-group-etisalat-partner-upgrade-digital\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The collaboration will see etisalat work to ensure that Wi-Fi is reachable for over 50k residents Razeen Worker Residential City by installing advanced fiber optic cables, high-performance switches, and wireless access points across the city. <\/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>Doo Group opens new Dubai offices:<\/strong> Singapore-based financial services company <a target=\"_blank\" href=\"https:\/\/doo.com\/en\" style=\"\" rel=\"noopener\">Doo Group<\/a> opened two offices in Dubai last week, according to a <a target=\"_blank\" href=\"https:\/\/blog.doo.com\/blog\/doo-groups-united-arab-emirates-office-opening\/\" style=\"\" rel=\"noopener\">press release<\/a>. The two offices are located in the Emaar Square Building in Downtown Dubai and the Dome Tower in JLT. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s Doo Group?<\/strong> The financial services company specializes in fintech, offering its services through sub-brands, including brokerage, wealth management, payment exchange, fintech, financial education, and healthcare.<\/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\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pakistan\u2019s National Foods has established its first overseas manufacturing facility <\/strong><strong>in <\/strong><strong>Sharjah<\/strong> after obtaining a license to manufacture in the UAE, <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2446151\/pakistan\" style=\"\" rel=\"noopener\">Arab News<\/a> quotes CEO Abrar Hasan as saying. The company's wholly-owned Dubai-based subsidiary, National Foods, established a new subsidiary in Sharjah, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/2056.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to Pakistan\u2019s stock exchange. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aldar Properties is launching Sama Yas, an upscale residential community within<\/strong><strong>Abu Dhabi\u2019s Yas Park<\/strong>, on 2 February, offering 234 homes, including apartments, duplexes, and penthouses, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/1997.pdf\" style=\"\" rel=\"noopener\">press release<\/a>.The development will feature a variety of amenities, including retail spaces, community gardens, a co-working space, and others. <\/p>\n<p class=\"tag-border-left\">DEFENSE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirati defense contractor <\/strong><strong><a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/\" style=\"\" rel=\"noopener\">EDGE Group<\/a><\/strong><strong>acquired Abu Dhabi-based security solutions<\/strong><strong> group <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.iggroup.ae\/\" style=\"\" rel=\"noopener\">International Golden Group<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/www.iggroup.ae\/\" style=\"\" rel=\"noopener\">(IGG)<\/a>, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1aoq16-edge-expands-end-to-end-defence-capabilities-with\" style=\"\" rel=\"noopener\">Wam<\/a>. The Defense Ministry inked an AED 874 mn contract with IGG for the purchase of unmanned aerial vehicle systems and to deliver support services and training for five years, during the Unmanned Systems Exhibition and Conference (Umex) and Simulation and Training Exhibition (Simtex), <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/uae\/2024\/01\/23\/uae-agrees-dh1-billion-of-deals-on-opening-day-of-abu-dhabis-umex\/\" style=\"\" rel=\"noopener\">The Nationa<\/a> l 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\">FINTECH<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fintech Galaxy + Paytabs to roll out fast payment service:<\/strong> Dubai-based open banking firm <a target=\"_blank\" href=\"https:\/\/www.fintech-galaxy.com\/\" style=\"\" rel=\"noopener\">Fintech Galaxy<\/a> inked a partnership with KSA-headquartered payment solutions firm <a target=\"_blank\" href=\"https:\/\/site.paytabs.com\/en\/\" style=\"\" rel=\"noopener\">PayTabs<\/a> to launch payment solutions for SMEs and companies through Fintech Galaxy\u2019s open banking platform, according to a <a target=\"_blank\" href=\"https:\/\/site.paytabs.com\/pr\/paytabs-group-inks-partnership-with-fintech-galaxy-to-elevate-gccs-fintech-space-with-payment-orchestration-and-open-banking-solutions\/\" style=\"\" rel=\"noopener\">press release<\/a>. The companies will initially provide their services, including account verification, swift payouts, and point-of-sale lending, in the Emirati and Saudi markets, before expanding to other MENA markets.<\/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- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aus.edu\/\" style=\"\" rel=\"noopener\">American University of Sharjah (AUS)<\/a><\/strong><strong> is getting a hospitality and tourism <\/strong><strong>institute by 3Q 2026<\/strong>, offering internationally accredited diplomas in tourism management, reports <a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/en\/Articles\/2024\/01\/23\/Sharjah-Ruler-witnesses-signing-of-MoU-between-Shurooq-and-SAIT\" style=\"\" rel=\"noopener\">Sharjah 24<\/a>. The institute is being jointly developed by the <a target=\"_blank\" href=\"https:\/\/shurooq.gov.ae\/\" style=\"\" rel=\"noopener\">Sharjah Investment and Development Authority (Shurooq)<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.sait.ca\/\" style=\"\" rel=\"noopener\">Southern Alberta Institute of Technology (SAIT)<\/a> in Canada, who inked an agreement for the institute yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Engineering students at the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aus.edu\/\" style=\"\" rel=\"noopener\">American University of Sharjah (AUS)<\/a><\/strong><strong> will get <\/strong><strong>hands-on<\/strong><strong> experience with internships at the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.snoc.ae\/\" style=\"\" rel=\"noopener\">Sharjah National Oil Corporation (Snoc)<\/a><\/strong>,after the AUS College of Engineering (CEN) inked an MoU with the firm on Tuesday, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13q9o5o-aus-and-snoc-enhance-engineering-education-and\" style=\"\" rel=\"noopener\">Wam<\/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\/defense\/\">defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge\/\">EDGE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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           \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/btc-drops-20-since-11-january-peak\/\">\r\n                            BTC drops 20% since 11 January peak                        <\/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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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/btc-drops-20-since-11-january-peak\/1990-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1990.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1990.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1990.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1990.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88318\" class=\"content-area-description single-story post-88318 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-btc tag-cryptocurrency tag-enterpriseam-uae tag-financial-markets tag-planet-finance 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\/.8fb6ef96-b5d7-4edb-a150-fec8933be55f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Crypto winter is coming:<\/strong> BTC has dropped over 20% since the launch of BTCexchange-traded funds (ETFs) earlier this month \u2014 currently trading at USD 39.2k as of midnight yesterday, down from a USD 49k+ high during trading on 11 January.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The why: <\/strong>BTC \u201chas been challenged by tougher macro conditions \u2014 evidenced by rallying rates and a strengthening USD \u2014 and significant selling pressure from traders unwinding their Grayscale BTC Trust arbitrage positions along with the FTX bankruptcy estate offloading assets,\u201d Fundstrat Global Advisors\u2019s head of digital-asset strategy Sean Farrell said in a note picked up by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-23\/bitcoin-btc-has-fallen-about-20-since-us-spot-etfs-began-trading?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICMYI- <\/strong>This month has marked a milestone for the currency with nine new BTC ETFslaunching on 11 January, granting BTC and other crypto more exposure to traders on the stock market. Investors \u2014 including investment manager giant BlackRock \u2014 poured a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff7c363c-9225-49b1-8a2b-d55b6ce8203d\" style=\"\" rel=\"noopener\">total USD 900 mn<\/a> into the BTC ETFs in the first three days of trading. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not everyone saw this coming: <\/strong>Crypto investors earlier in the month excitedly predicted BTC to surpass the USD 100k a piece mark in 2024, following the US Securities and Exchange Commission\u2019s approval of spot BTC exchange-traded funds (ETFs), according to <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/01\/12\/crypto-bulls-see-bitcoin-flying-to-100000-with-etf-approval.html\" style=\"\" rel=\"noopener\">CNBC<\/a>. ETFs that allow investors to hold and trade cryptos on stock exchanges were expected to attract more investor appetite and boost its use as a mainstream currency as more Wall Street big shots like BlackRock, Invesco, and Fidelity pile into the new offering.<\/p>\n<p><a target=\"_blank\" id=\"t.12dc7f321bbdc651d4add9c05749a92859a152a1\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,653<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +0.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,107<\/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: +1.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3,869<\/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% (YTD: +0.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.2% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,105<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +1.1%)<\/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\">28,050<\/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\">+1.2% (YTD: +12.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,851<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: 1.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,485<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: -3.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,465<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: -1.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 79.78<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.45<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.3%<\/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 2049.90<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 39,206.21<\/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\">-1.5% (YTD: -7.5%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX fell 0.3% yesterday<\/strong> on turnover of AED 930.8 mn. The index is down 0.8% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Commercial Bank International (+9.4%), E7 Group (+3.7%) and Foodco National (+3.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>National Corporation for Tourism and Hotels (-6.8%), Emirates Driving Company (-6.4%) and Americana Restaurants International (-4.9%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index rose 0.6% on turnover of AED 255.2 mn. Meanwhile, Nasdaq Dubai stayed flat.<\/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\/btc\/\">BTC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cryptocurrency\/\">cryptocurrency<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88320\" 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=\"88320\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/uae-reaffirms-calls-for-ceasefire-in-gaza-at-arab-league-meeting\/\">\r\n                            UAE reaffirms calls for ceasefire in Gaza at Arab League meeting + Al Nahyan heads to the Third South Summit of the Group of 77 and China                        <\/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\/24\/uae-reaffirms-calls-for-ceasefire-in-gaza-at-arab-league-meeting\/\" 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\/24\/uae-reaffirms-calls-for-ceasefire-in-gaza-at-arab-league-meeting\/')\">\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\/24\/uae-reaffirms-calls-for-ceasefire-in-gaza-at-arab-league-meeting\/\">\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 reaffirms calls for ceasefire in Gaza at Arab League meeting&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/uae-reaffirms-calls-for-ceasefire-in-gaza-at-arab-league-meeting\/\">\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\/24\/uae-reaffirms-calls-for-ceasefire-in-gaza-at-arab-league-meeting\/&title=UAE reaffirms calls for ceasefire in Gaza at Arab League meeting\">\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+reaffirms+calls+for+ceasefire+in+Gaza+at+Arab+League+meeting+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F24%2Fuae-reaffirms-calls-for-ceasefire-in-gaza-at-arab-league-meeting%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\/24\/uae-reaffirms-calls-for-ceasefire-in-gaza-at-arab-league-meeting\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2069.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88321\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/24\/uae-reaffirms-calls-for-ceasefire-in-gaza-at-arab-league-meeting\/2069-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2069.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2069.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2069.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2069.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88320\" class=\"content-area-description single-story post-88320 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-arab-league tag-diplomacy tag-enterpriseam-uae tag-gaza tag-war-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.f8bb8170-372f-40f0-af4e-9b94a3546a0a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE reaffirms calls for a ceasefire in Gaza:<\/strong> During a meeting of the Arab LeagueCouncil, UAE Ambassador to Egypt Mariam Khalifa Al Kaabi reaffirmed the UAE\u2019s position in calling for a ceasefire in Gaza, as well as rejecting any attempts to displace Palestinians from the Gaza Strip, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1aoq48-uae-participates-extraordinary-meeting-arab-league\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Al Kaabi also stressed the UAE\u2019s condemnation of Israel collectively punishing Palestinians in Gaza, and reiterated the UAE\u2019s commitment to providing humanitarian relief in the Strip.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Armenians are set to enjoy travel to the UAE without a visa starting next month<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/historic-agreement-visa-free-travel-between-republic-of-armenia-and-united-arab-emirates-tw9ksok5\" style=\"\" rel=\"noopener\">press release<\/a>. A recently inked agreement permits Armenian nationals to visit the UAE for up to 90 days within a 180-day period without the need for a visa, starting 1 February. Emiratis will continue to benefit from access to Armenia without a visa, allowing them to stay for up to 180 days within a year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government recently finalized several <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/58e16a80-f07f-436b-91ef-851f497cba02\" style=\"\" rel=\"noopener\">visa-waiver pacts<\/a><\/strong><strong>,<\/strong> including with Uzbekistan, Mongolia, and Kosovo.<\/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\/arab-league\/\">Arab League<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gaza\/\">Gaza<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/war-watch\/\">War Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88322\" 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\/24\/88322-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88322\" class=\"content-area-description single-story post-88322 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">JANUARY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">22-24 January (Monday-Wednesday): Japan Kyoto Trade Exhibition 2024, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">22-24 January (Monday- Wednesday): IAAPA Middle East Trade Summit, Yas Island in 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;\">22-26 January (Monday-Friday): WED Innovation Lab, Abu Dhabi's Yas Acres Golf and Country Club.<\/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;\">24-25 January (Wednesday-Thursday): WFC FinTech Dubai 2024.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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>29 January-1 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.arabhealthonline.com\/en\/overview\/show-information.html\" style=\"\">Arab Health Exhibition 2024<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">29 January-30 January (Monday-Tuesday): UAE Property Forum, Tivoli Mofarrej S\u00e3o Paulo Hotel, Brazil.<\/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;\">31 January-6 February (Wednesday-Tuesday): Emirates LitFest, InterContinental Hotel Festival City.<\/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;\">1-15 February (Thursday-Thursday): InClassica Dubai International Music Festival 2024, Dubai Opera.<\/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;\">2-4 February (Friday-Sunday): All Africa Festival 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;\">2-4 February (Friday-Sunday): Abu Dhabi Youth Challenge Techstars Startup Weekend, ADGM, 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;\">3-11 February (Saturday-Sunday): Mubadala Abu Dhabi Opening, Zayed Sports City\u2019s International Tennis Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5-7 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.petrospot.com\/events\/mebc24-dubai\" style=\"\">Middle East Bunkering Convention<\/a><\/span><span style=\"font-weight:400;\">, Dubai, 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;\">5-8 February (Monday-Thursday): Medlab Middle East, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-7 February (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/meprocuretech.com\/#:~:text=The%202nd%20Annual%20Middle%20East,with%20leaders%20in%20the%20field.\" style=\"\">The Middle East ProcureTech Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai, 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;\">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;\">8-9 February (Thursday-Friday): International Crop-Science Conference & Exhibition 2024, JW Marriott, Marquis Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-11 February (Thursday- Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theuaetourwomen.com\/\" style=\"\">The UAE Tour Women<\/a><\/span><span style=\"font-weight:400;\">. <\/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>12-14 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldgovernmentsummit.org\/\" style=\"\">World Government Summit<\/a><\/span><span style=\"font-weight:400;\">, 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;\">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>12-15 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/10times.com\/e1x3-42g7-krkg\" style=\"\">Future Warehouse & Logistics<\/a><\/span><span style=\"font-weight:400;\">, Dubai, 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;\">19-23 February (Monday-Friday): Gulfood 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>20-21 February (Tuesday- <\/span><span>Wednesday<\/span><span>): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.idctconference.org\/\" style=\"\">International Dialogue of Civilizations and Tolerance Conference<\/a><\/span><span style=\"font-weight:400;\">, 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;\">22-24 February (Thursday-Saturday): International Freight Forwarders Conference 2024 Dubai, Hyatt Hotel.<\/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 February (Friday-Sunday): Taste of Dubai Festival, Skydive 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;\">23 February - 3 March (Friday-Sunday): Maritime Heritage Festival 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;\">24 February (Saturday): Ras Al Khaimah Half Marathon, Al Marjan Island.<\/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;\">16-18 April (Tuesday-Thursday): Middle East Energy, 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:400;\">24-26 April (Wednesday-Friday): Global Education & Training Exhibition.<\/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>More GDP growth with GCC rebound | Eagle Hills, Emaar invest in Saudi hospitality | Mubadala doubles down on Asia | Alpha MBM eyes Uganda refinery.<\/p>\n","protected":false},"featured_media":88295,"menu_order":0,"template":"","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-88294","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"8d1ad4f5-a9b7-43b6-b616-7f15bc9b6d62","teaser":"More GDP growth with GCC rebound | Eagle Hills, Emaar invest in Saudi hospitality | Mubadala doubles down on Asia | Alpha MBM eyes Uganda refinery.","photo_url":"https:\/\/ent.news\/2024\/1\/899.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO 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