{"id":88345,"date":"2024-01-25T00:00:00","date_gmt":"2024-01-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=88345"},"modified":"2025-12-14T23:18:03","modified_gmt":"2025-12-14T23:18:03","slug":"funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/","title":{"rendered":"Funding diversification could drive the UAE\u2019s debt market to USD 300 bn next year, Fitch says"},"content":{"rendered":"<section id=\"88347\" 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=\"88347\">\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\/25\/umex-simtex-2024-end-in-abu-dhabi-today\/\">\r\n                            UMEX &amp; SimTEX 2024 end in Abu Dhabi today                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/umex-simtex-2024-end-in-abu-dhabi-today\/\" 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\/25\/umex-simtex-2024-end-in-abu-dhabi-today\/')\">\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\/25\/umex-simtex-2024-end-in-abu-dhabi-today\/\">\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=UMEX &#038; SimTEX 2024 end in Abu Dhabi today&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/umex-simtex-2024-end-in-abu-dhabi-today\/\">\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\/25\/umex-simtex-2024-end-in-abu-dhabi-today\/&title=UMEX &#038; SimTEX 2024 end in Abu Dhabi today\">\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=UMEX+%26%23038%3B+SimTEX+2024+end+in+Abu+Dhabi+today+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F25%2Fumex-simtex-2024-end-in-abu-dhabi-today%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\/25\/umex-simtex-2024-end-in-abu-dhabi-today\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/870.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88348\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/umex-simtex-2024-end-in-abu-dhabi-today\/870-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/870.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"870.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/870.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/870.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88347\" class=\"content-area-description single-story post-88347 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-defense tag-defense-ministry tag-dubai-customs tag-enterpriseam-uae tag-infrastructure tag-real-estate tag-transport tag-travel 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\/.b09ed178-5c26-4b88-a172-75b3f96b11aa.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, ladies and gentlemen.<\/strong> We\u2019re closing in on the weekend and the last full week of January \u2014 and we\u2019re a little unsure of where the time goes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY here at home is Fitch Ratings\u2019 expectation that the UAE\u2019s debt capital <\/strong><strong>markets will hit USD 300 bn by 2025<\/strong>, growing some 11% y-o-y. The ratings agency sees room for growth as diversification of funding increasingly becomes the name of the game. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have this story and others in this morning\u2019s news well, below.<\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adnec.ae\/en\/eventlisting\/2024-umex-and-simtex\" style=\"\" rel=\"noopener\">UMEX & SimTEX 2024<\/a><\/strong><strong> conference wraps today in Abu Dhabi.<\/strong> Defense and security acquisitions authority <a target=\"_blank\" href=\"https:\/\/www.tawazun.gov.ae\/\" style=\"\" rel=\"noopener\">Tawazun Council<\/a> inked five agreements at the event, including Edge\u2019s AED 874 mn acquisition of <a target=\"_blank\" href=\"https:\/\/www.iggroup.ae\/\" style=\"\" rel=\"noopener\">International Golden Group<\/a>, an AED 10 mn agreement for anti-drone guns with Abu Dhabi-based supplier <a target=\"_blank\" href=\"https:\/\/resource-industries.com\/en\/\" style=\"\" rel=\"noopener\">Resource Industries<\/a>, and an AED 16 mn agreement with <a target=\"_blank\" href=\"https:\/\/www.yahsat.com\/\" style=\"\" rel=\"noopener\">Yahsat<\/a> subsidiary Star Satellite Communications Company for communication bonds totaling, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b1aoqfp-aed971-million-mod-deals-signed-first-day-umex\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tawazun also inked two international agreements<\/strong>, pledging simulator support services to <a target=\"_blank\" href=\"https:\/\/www.cae.com\/\" style=\"\" rel=\"noopener\">Canadian Aviation Electronics\u2019<\/a> for AED 49 mn and procuring Chinese company CETC International Co\u2019s anti-drone systems for AED 23 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Defense Ministry also inked an agreement with Milrem Robotics<\/strong> \u2014 in which Edge Group holds a majority stake \u2014 for the supply of 20 tracked robotic combat vehicles (RCVs) and 40 THeMIS unmanned ground vehicles (UGVs), <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/manufacturing\/edges-milrem-to-supply-40-ugvs-and-20-rcvs-to-uaes-mod-f7ubnuw4\" style=\"\" rel=\"noopener\">reports Zawya<\/a>. The agreement stands as the world\u2019s largest combat robotics program. Milrem Robotics will spearhead trials to integrate these systems.<\/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\"> PUBLIC SERVICE ANNOUNCEMENTS- <\/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-<\/strong><strong>PSA- Dubai and Abu Dhabi roads are expected to be clouded by heavy fog until Saturday<\/strong>, the <a target=\"_blank\" href=\"https:\/\/mobile.ncm.ae\/maps-radars\/uae-radars-network?lang=en\" style=\"\" rel=\"noopener\">National Centre of Meteorology (NCM)<\/a> cautionedin an <a target=\"_blank\" href=\"https:\/\/twitter.com\/ncmuae\/status\/1750020795835765043\" style=\"\" rel=\"noopener\">X post<\/a> yesterday. The <a target=\"_blank\" href=\"https:\/\/www.adpolice.gov.ae\/en\" style=\"\" rel=\"noopener\">Abu Dhabi Police<\/a> also issued a <a target=\"_blank\" href=\"https:\/\/twitter.com\/ADPoliceHQ\/status\/1750000472520286563\" style=\"\" rel=\"noopener\">warning<\/a>, calling for folks on the road to cut back their speeds to a maximum of 80 km\/h. Rainfall is expected on Saturday, with temperature drops to 13\u00b0C by the coast and 7\u00b0C inland, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/uae\/2024\/01\/24\/uae-weather-rain-fog-abu-dhabi\/\" style=\"\" rel=\"noopener\">The National<\/a> reports, citing the NCM\u2019s bulletin.<\/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- Emiratis traveling to the UK can apply for entry using the newly introduced electronic <\/strong><strong>travel authorization (ETA) starting 1 February<\/strong>, the <a target=\"_blank\" href=\"https:\/\/twitter.com\/UAEEmbassyUK\/status\/1750094779755405458?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1750094779755405458%7Ctwgr%5Eed3ea5f1011987ca227db0fa62255cfc597458e6%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.aletihad.ae%2Fnews%2FD8A7D984D8A5D985D8A7D8B1D8A7D8AA%2F4458715%2FD8A5D8B9D981D8A7D8A1-D8A7D984D8A5D985D8A7D8B1D8A7D8AAD98AD98AD986-D985D986-D8A7D984D8ADD8B5D988D984-D8B9D984D989-D8AAD8A3D8B4D98AD8B1D8A9-D8AFD8AED988D984-D985D8B3D8A8D982D8A9-D984D984D8B3D981D8B1-D8A5D984D989\" style=\"\" rel=\"noopener\">UAE Embassy in London said<\/a>. The ETA will allow Emiratis to travel an unlimited number of times within the span of two years for GBP 10. You can apply <a target=\"_blank\" href=\"https:\/\/t.co\/e10f5X62Zv\" 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>REMEMBER- An ETA only allows you to travel to the destination<\/strong>, but you will still need to obtain approval for entry into the UK through an eGate or a border force officer, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/uae-no-pre-entry-visa-needed-for-citizens-travelling-to-uk\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> notes.<\/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=\"wwtt3\"><\/a> <strong>#1-<\/strong><strong>Could we soon get a mega seven-emirate highway? <\/strong>A proposal for a federal highway connecting all seven emirates is under study by Energy and Infrastructure Minister Suhail bin Mohammed Al Mazrouei as part of a new set of measures to be rolled out in 2H 2024 to ease traffic between Dubai and the northern emirates, reports <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/uae-to-study-new-federal-highway-proposal-to-ease-traffic-between-dubai-and-northern-emirates\" style=\"\" rel=\"noopener\">Khaleej Times<\/a>. Local government representatives are currently assessing the necessity of the proposal \u2014 compared to upgrading existing highways \u2014 to reroute traffic.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#2-<\/strong><strong>Homebuyers can now get the golden visa without a down payment:<\/strong> The UAE has removed the requirement of a AED 1 mn minimum down payment for homebuyers who took out mortgages or paid in installments in order for them to obtain a golden visa through real estate investment, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/money\/2024\/01\/24\/golden-visa-dubai-property\/\" style=\"\" rel=\"noopener\">The National<\/a> cites sources as saying. Initially, buyers who took out mortgages or paid in installments had to submit an AED 1 mn down payment or half of the property\u2019s value to qualify for the visa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors will now automatically qualify for the visa if the property they buy is valued at AED 2 mn<\/strong> or more, regardless of whether they are \u201coff-plan, completed, mortgaged or not mortgaged\u201d purchases, Maroun Abou Harb, an associate at law firm BSA Ahmad bin Hezeem & Associates, said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The change has yet to be announced:<\/strong> Dubai Land Department's Cube website has not been updated to acknowledge this change. One source from Dubai property broker Allsop & Allsopp said that they were made aware of the change when visiting the Dubai Land Department, according to The National. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#3- Abu Dhabi Islamic Bank (ADIB) plans to expand its footprint in Saudi Arabia and <\/strong><strong>maintain investments in Egypt<\/strong> despite \u201cchallenges,\u201d CFO Mohamed Abdel Bary told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/abu-dhabi-islamic-bank-eyes-corporate-lending-growth-2024-saudi-expansion-2024-01-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The Saudi market is an attractive destination, with potential across various industries within the bank\u2019s risk appetite, Abdel Bary said, without providing further details on its expansion plans. Meanwhile, the bank also plans to boost corporate lending in 2024, with a focus on the commercial and real estate sectors, he told the newswire.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4-<\/strong><strong>100 Emirati women will receive complimentary training in a data labeling program<\/strong> by the <a target=\"_blank\" href=\"https:\/\/ai.gov.ae\/np4c\/\" style=\"\" rel=\"noopener\">National Programme for Coders<\/a>, regional talent marketplace <a target=\"_blank\" href=\"https:\/\/ureed.com\/\" style=\"\" rel=\"noopener\">Ureed.com<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.meemfoundation.org\/\" style=\"\" rel=\"noopener\">Meem Foundation<\/a>, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1ba5k9-national-programme-for-coders-launch%E2%80%99s-training\" style=\"\" rel=\"noopener\">Wam<\/a>. The program will target stay-at-home mothers over a 24-week timeline. <\/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><a target=\"_blank\" href=\"https:\/\/dmcc.ae\/\" style=\"\" rel=\"noopener\">Dubai Multi-Commodities Centre<\/a><\/strong><strong> (DMCC) kicked off the first <\/strong><strong>leg <\/strong><strong>of its global trade <\/strong><strong>roadshow, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/landing.dmcc.ae\/made-for-trade-live-london\" style=\"\" rel=\"noopener\">Made For Trade Live<\/a><\/strong><strong>, in London<\/strong> yesterday in a bid to attract FDI from the UK, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/January\/24-01\/DMCC-kicks-off\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Next up: <\/strong>DMCC is heading to Switzerland today for the second leg of the roadshow. <\/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\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaicustoms.gov.ae\/\" style=\"\" rel=\"noopener\">Dubai Customs<\/a><\/strong><strong> processed a record 30.4 mn customs transactions in 2023<\/strong>, up 17.5% y-o-y, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1aoqfr-dubai-customs-successfully-processed-over-304\" style=\"\" rel=\"noopener\">Wam<\/a>. The authority averaged 84k customs daily transactions. The record is thanks in part to a recently inaugurated self-audit service, boosting efficiency by 39% y-o-y. The authority also managed to seize some 3.7k goods,and resolved 333 dispute cases last year. Customs also recycled over 15 mn counterfeit goods (pooled at a value of AED 73.4 mn), Wam said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/shjc.sharjah.ae\/\" style=\"\" rel=\"noopener\">The Sharjah Charity International (SCI)<\/a><\/strong><strong> provided AED 13.2 mn in tuition coverage <\/strong><strong>for 1,894 students <\/strong>through its Student Support initiative, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13qbtbh-sharjah-charity-international-helps-1894-students\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The SCI also allocated AED 6.9 mn to support students studying abroad. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Abu Dhabi Real Estate Centre (ADREC) lowered service and community charges <\/strong><strong>by 6% y-o-y for jointly owned real estate in Abu Dhabi<\/strong>, resulting in AED 39.7 mn in reductions, the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/infrastructure\/abu-dhabi-real-estate-centre-reports-6-reduction-in-service-and-community-charges-across-the-emirate-in-2023\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The Dubai Financial Services Authority (DFSA) licensed and registered 117 <\/strong><strong>companies in 2023<\/strong>, marking a 25% y-o-y increase, according to a <a target=\"_blank\" href=\"https:\/\/www.dfsa.ae\/news\/dfsa-continues-remarkable-growth-issuing-record-number-licences-its-inception\" style=\"\" rel=\"noopener\">press release<\/a>. The registration of hedge fund managers saw a 125% y-o-y increase, it said. <\/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\/defense\/\">defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/defense-ministry\/\">Defense Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-customs\/\">Dubai Customs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/travel\/\">travel<\/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=\"88349\" 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=\"88349\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/debt-market-to-expand-to-usd-300-bn-by-2025\/\">\r\n                            Outstanding debt market grew 10% y-o-y in 2023, and could expand to over USD 300 bn by 2025, Fitch says                        <\/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\/25\/debt-market-to-expand-to-usd-300-bn-by-2025\/\" 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\/25\/debt-market-to-expand-to-usd-300-bn-by-2025\/')\">\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\/25\/debt-market-to-expand-to-usd-300-bn-by-2025\/\">\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=Debt market to expand to USD 300 bn by 2025&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/debt-market-to-expand-to-usd-300-bn-by-2025\/\">\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\/25\/debt-market-to-expand-to-usd-300-bn-by-2025\/&title=Debt market to expand to USD 300 bn by 2025\">\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=Debt+market+to+expand+to+USD+300+bn+by+2025+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F25%2Fdebt-market-to-expand-to-usd-300-bn-by-2025%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\/25\/debt-market-to-expand-to-usd-300-bn-by-2025\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2121.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88350\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/debt-market-to-expand-to-usd-300-bn-by-2025\/2121-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2121.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2121.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2121.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2121.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88349\" class=\"content-area-description single-story post-88349 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-bonds tag-debt tag-debt-watch tag-economy tag-enterpriseam-uae tag-fitch-ratings tag-sukuk 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\/.5201d445-a124-47b0-9ad4-cf3cef833cdd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> Debt market on track to expand to >USD 300 bn in 2024-2024: Fitch Ratings expects the debt capital market to expand some 11% y-o-y to USD 300 bn (AED 1.1 tn) in 2024-2025, up from its projection in September that it will hit that milestone <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/banks\/uae-debt-capital-market-maturity-rising-exceeds-usd250bn-07-09-2023\" style=\"\" rel=\"noopener\">by the end of the decade<\/a>, according to its 2024 <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/islamic-finance\/uae-debt-capital-market-2024-prospects-positive-sukuk-dirham-share-to-rise-23-01-2024\" style=\"\" rel=\"noopener\">UAE Debt Capital Markets Dashboard<\/a> report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bullish projection comes on the back of an anticipated \u201cdiversification of funding<\/strong><strong> and capital market developments,\u201d<\/strong> Global Head of Islamic Finance at Fitch Bashar Al Natoor said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Outstanding debt grew 10% y-o-y in 2023<\/strong>, on the back of an increase in both sukuk and bond listings, the ratings agency said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rise of USD<\/strong><strong> listings are among the reasons for expansion:<\/strong> USD-denominated debt accounted for 71.4% of total debt, while AED-denominated issuances accounted for 20.5%, according to the report <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/islamic-finance\/uae-debt-capital-markets-dashboard-2024-23-01-2024\" style=\"\" rel=\"noopener\">summary<\/a>. Some 35% of USD-denominated issuances were sukuk issuances, the report added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fast facts:<\/strong> The UAE has the biggest USD debt capital market in the GCC, with some USD 81.98 bn of sukuk listed in Dubai, according to Nasdaq Dubai\u2019s <a target=\"_blank\" href=\"https:\/\/www.nasdaqdubai.com\/products\/sukuk\/#intro\" style=\"\" rel=\"noopener\">website<\/a>. Nasdaq Dubai holds the lion\u2019s share of listings with some 97%, it said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other key figures on the debt market last year: <\/strong><\/p>\n<ul>\n<li><strong>Sukuk issuances in all currencies accelerated by 115% y-o-y<\/strong>, accounting for 8.7% of all debt issuances;<\/li>\n<li><strong>Bonds inched up at a slower pace,<\/strong> rising 23.6% y-o-y to USD 132.9 bn (AED 488.8 bn);<\/li>\n<li><strong>Outstanding ESG debt rose 165% y-o-y<\/strong> to USD 17.1 bn (AED 62.81 bn), with 40.2% in sukuk.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The share of AED-denominated issuances and sukuk in the UAE\u2019s debt mix is expected <\/strong><strong>to rise next year<\/strong>, as a result of issuers looking to diversify funding, the implementation of the Central Bank of the UAE\u2019s AED monetary framework, and strong investor demand, including from local banks with solid liquidity, the report said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The AED monetary framework is an initiative launched in 2017 to manage <\/strong><strong>the Emirates\u2019 money markets <\/strong>and the AED exchange rate, and maintain the peg to the USD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fitch rated Emirati sukuk issuers\u2019 credit profiles as \u201cpredominantly stable<\/strong>, with 96.5% of the sukuk being investment grade and 92% on stable outlook, with the balance on positive outlook,\u201d Al Natoor said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>S&P Global said that the Emirates <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/58097942-1fd4-48f0-844d-b6a86ff4dc45#:~:text=Emirati%20sukuk%20issuances,from%20sustainable%20bonds.\" style=\"\" rel=\"noopener\">issued 40% of total sustainable sukuk issuances<\/a> worldwide in 2023, with AED 15.45 bn green and sustainable sukuk issuances in the first 11 months of the year. Meanwhile, the total value of sukuk issued over the first six months of 2023 in the UAE reached AED 28.7 bn. The government also switched from issuing T-bonds in 2022 to launching its maiden <a target=\"_blank\" href=\"https:\/\/mof.gov.ae\/uae-announces-launching-domestic-dirhams-islamic-treasury-sukuk-t-sukuk-with-size-of-aed-1-1-billion\/\" style=\"\" rel=\"noopener\">AED-denominated T-Sukuk<\/a> in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are some downside risks:<\/strong> Fitch warned that the debt market\u2019s growth might face risks such as \u201crising rates and oil prices,\u201d the ratings agency said. Sukuk could also be impacted by challenges in adopting Sharia standards, it said. Non-compliant sukuk with the AAOIFI <a target=\"_blank\" href=\"https:\/\/aaoifi.com\/shariaa-standards\/?lang=en\" style=\"\" rel=\"noopener\">shariah standards<\/a> \u201ccould face lower demand and secondary market liquidity as UAE Islamic banks are constrained from investing in them,\u201d the ratings agency said in <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/non-bank-financial-institutions\/sukuk-aaoifi-sharia-compliance-stabilising-non-compliance-may-lower-liquidity-14-11-2023\" style=\"\" rel=\"noopener\">November<\/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\">OTHER DEBT NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE lenders advise on RGE\u2019s USD 1 bn (AED 3.6 bn) loan:<\/strong><a target=\"_blank\" href=\"https:\/\/www.bankfab.com\/en-ae\/personal\" style=\"\" rel=\"noopener\">First Abu Dhabi Bank<\/a> (FAB) and <a target=\"_blank\" href=\"https:\/\/www.cbd.ae\/\" style=\"\" rel=\"noopener\">Commercial<\/a><a target=\"_blank\" href=\"https:\/\/www.cbd.ae\/\" style=\"\" rel=\"noopener\">Bank of Dubai<\/a> (CBD) advised on a three-year USD 1 bn sustainability-linked loan (SLL) for Singapore-based industrial group Royal Golden Eagle (RGE) to help expand the group\u2019s agri-businesses Asian Agri and Apical Group, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/2132.pdf\" style=\"\" rel=\"noopener\">press release<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/2132.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. The loan includes RGE\u2019s maiden USD 150 mn (AED 550 mn) Sharia-compliant Murabaha facility, and will allow it to expand its operations in the Middle East, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The roles:<\/strong>CBD was a joint coordinator on the transaction, while FAB acted as the islamic advisor.<\/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\/bonds\/\">Bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fitch-ratings\/\">Fitch Ratings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/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=\"88351 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=\"88351\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/88351-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88351\" class=\"content-area-description single-story post-88351 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=\"88352\" 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=\"88352\">\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\/25\/mozambique-approves-dp-worlds-usd-2-bn-maputo-port-expansion-omniyat-eyes-aed-10-bn-investments-in-marasi-bay-marina\/\">\r\n                            Mozambique approves DP World\u2019s USD 2 bn Maputo port expansion + Omniyat eyes AED 10 bn investments in Marasi Bay Marina                        <\/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\/25\/mozambique-approves-dp-worlds-usd-2-bn-maputo-port-expansion-omniyat-eyes-aed-10-bn-investments-in-marasi-bay-marina\/\" 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\/25\/mozambique-approves-dp-worlds-usd-2-bn-maputo-port-expansion-omniyat-eyes-aed-10-bn-investments-in-marasi-bay-marina\/')\">\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\/25\/mozambique-approves-dp-worlds-usd-2-bn-maputo-port-expansion-omniyat-eyes-aed-10-bn-investments-in-marasi-bay-marina\/\">\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=Mozambique approves DP World\u2019s USD 2 bn Maputo port expansion + Omniyat eyes AED 10 bn investments in Marasi Bay Marina&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/mozambique-approves-dp-worlds-usd-2-bn-maputo-port-expansion-omniyat-eyes-aed-10-bn-investments-in-marasi-bay-marina\/\">\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\/25\/mozambique-approves-dp-worlds-usd-2-bn-maputo-port-expansion-omniyat-eyes-aed-10-bn-investments-in-marasi-bay-marina\/&title=Mozambique approves DP World\u2019s USD 2 bn Maputo port expansion + Omniyat eyes AED 10 bn investments in Marasi Bay Marina\">\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=Mozambique+approves+DP+World%E2%80%99s+USD+2+bn+Maputo+port+expansion+%2B+Omniyat+eyes+AED+10+bn+investments+in+Marasi+Bay+Marina+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F25%2Fmozambique-approves-dp-worlds-usd-2-bn-maputo-port-expansion-omniyat-eyes-aed-10-bn-investments-in-marasi-bay-marina%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\/25\/mozambique-approves-dp-worlds-usd-2-bn-maputo-port-expansion-omniyat-eyes-aed-10-bn-investments-in-marasi-bay-marina\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2163.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88353\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/mozambique-approves-dp-worlds-usd-2-bn-maputo-port-expansion-omniyat-eyes-aed-10-bn-investments-in-marasi-bay-marina\/2163-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2163.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2163.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2163.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2163.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88352\" class=\"content-area-description single-story post-88352 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-dp-world tag-enterpriseam-uae tag-investment-watch tag-logistics tag-ports 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\/.40ce7922-eb0a-4d67-a015-96a6f8fc5163.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>DP World\u2019s USD 2 bn (AED 7.4 bn) Mozambique port expansion received the <\/strong><strong>greenlight from Mozambique\u2019s cabinet<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-23\/dp-world-s-2-billion-mozambique-port-expansion-gets-approval\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The agreement involves a further USD 1.1 bn investment into the port until 2033, when the original concession was due to end, according to the outlet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> DP World secured the concession for Maputo Port back in 2003, as part of a consortium with Mozambique\u2019s national railway operator Mozambican Railway Company, <a target=\"_blank\" href=\"https:\/\/www.grindrod.com\/\" style=\"\" rel=\"noopener\">Grindrod<\/a> and local company Mozambique Gestores, according to the port\u2019s <a target=\"_blank\" href=\"https:\/\/www.portmaputo.com\/who-we-are\/about-us\/#\" style=\"\" rel=\"noopener\">website<\/a>. The concession was extended for a period of 15 years in 2010, with an option of an additional ten years of operations after 2033.. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new agreement: <\/strong>The 25 year-extension extends the group's concessions at Maputo until 2058. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The port\u2019s capacity is expected to increase to 54 mn tons a year by 2058<\/strong>, up from 37 mn tons a year presently, according to the revised concession agreement. The Matola coal terminal near Maputo will be expanded, increasing its capacity to 18 mn tons per year from 7.5 mn tons. Annual shipping-container capacity is set to experience a nearly fourfold increase, reaching 1 mn units during the same period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Maputo's port has seen increased demand in recent years<\/strong>, driven by the country's expanding economy and a surge in South African miners opting to export through the port, avoiding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/16c79173-adc4-407f-9ef9-6b7911be821c\" style=\"\" rel=\"noopener\">disruptions<\/a> caused by issues with South Africa's state-owned rail and ports operator <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.transnet.net\/Pages\/Home.aspx&sa=D&source=docs&ust=1706116609969574&usg=AOvVaw1q2yJxxVGQFvxnRDDVhYiQ\" style=\"\" rel=\"noopener\">Transnet<\/a>. These disruptions have incurred significant financial losses, amounting to bns of USDs for exporters.<\/p>\n<p class=\"tag-border-left\">OTHER INVESTMENT NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Luxury real estate developer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.omniyat.com\/\" style=\"\" rel=\"noopener\">Omniyat<\/a><\/strong><strong>plans to invest AED 10 bn by 2028 in the<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.omniyat.com\/news\/marasi-marina-acquisition\" style=\"\" rel=\"noopener\">Marasi Bay Marina<\/a><\/strong>, which it <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/property\/omniyat-acquires-marasi-bay-marina-expanding-into-ultra-luxury-enclave-development-1.98206181\" style=\"\" rel=\"noopener\">acquired<\/a> in September 2023, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-01-24-1.4805871\" style=\"\" rel=\"noopener\">Albayan<\/a> cites Omniyat CEO Mehdi Amjad as saying.The company plans on adding a fifth tower to its existing AED 8 bn investment in four towers and a hotel in the Marina. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company is also looking to explore green bonds to fund its operations in the next two years<\/strong>, Amjad said. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dp-world\/\">DP World<\/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\/ports\/\">Ports<\/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=\"88354\" 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=\"88354\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/dhl-global-forwarding-takes-full-control-of-danzas-aei-emirates\/\">\r\n                            DHL Global Forwarding takes full control of Danzas AEI Emirates                        <\/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\/25\/dhl-global-forwarding-takes-full-control-of-danzas-aei-emirates\/\" 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\/25\/dhl-global-forwarding-takes-full-control-of-danzas-aei-emirates\/')\">\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\/25\/dhl-global-forwarding-takes-full-control-of-danzas-aei-emirates\/\">\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=DHL Global Forwarding takes full control of Danzas AEI Emirates&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/dhl-global-forwarding-takes-full-control-of-danzas-aei-emirates\/\">\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\/25\/dhl-global-forwarding-takes-full-control-of-danzas-aei-emirates\/&title=DHL Global Forwarding takes full control of Danzas AEI Emirates\">\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=DHL+Global+Forwarding+takes+full+control+of+Danzas+AEI+Emirates+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F25%2Fdhl-global-forwarding-takes-full-control-of-danzas-aei-emirates%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\/25\/dhl-global-forwarding-takes-full-control-of-danzas-aei-emirates\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2171.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88355\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/dhl-global-forwarding-takes-full-control-of-danzas-aei-emirates\/2171-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2171.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2171.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2171.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2171.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88354\" class=\"content-area-description single-story post-88354 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-al-tayer-group tag-danzas-aei-emirates tag-dhlglobal-forwarding tag-enterpriseam-uae 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\/.4dc90ceb-1815-410f-935d-25d6d4893d98.mp3\"><\/audio><\/figure><p>ates<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>DHL Global Forwarding has completed its acquisition of <\/strong><strong>Dubai-based Danzas AEI Emirates<\/strong>, with a full rebranding of facilities to DHL, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/2169.pdf\" style=\"\" rel=\"noopener\">press release<\/a>. The acquisition involves the transfer of 1.1k logistics employees and ownership of 20 facilities in Dubai and the Northern Emirates, including key sites in Jebel Ali Freezone, Dubai World Central (Al Maktoum International Airport), Dubai Airport FreeZone, and Ras Al Khaimah to DHL.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher: <\/strong>DHL Global Forwarding had agreed to acquire Investment Trading Group\u2019s 60% stake in Danzas AEI Emirates in October, after it was operated as a joint venture since 1995. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cOur integration with Danzas will enable us to expand our reach and<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">support the growth of the logistics business in the GCC, while enhancing regional competitiveness as an economic hub,\u201d said Amadou Diallo, CEO of DHL Global Forwarding Middle East, and Africa. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-tayer-group\/\">Al Tayer Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/danzas-aei-emirates\/\">Danzas AEI Emirates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dhlglobal-forwarding\/\">DHLGlobal Forwarding<\/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=\"88356\" 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=\"88356\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/government-could-form-new-zakat-islamic-affairs-authority\/\">\r\n                            Government could form new Zakat + Islamic Affairs authority, while Fatwa Council could see reforms                        <\/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\/25\/government-could-form-new-zakat-islamic-affairs-authority\/\" 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\/25\/government-could-form-new-zakat-islamic-affairs-authority\/')\">\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\/25\/government-could-form-new-zakat-islamic-affairs-authority\/\">\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=Government could form new Zakat + Islamic Affairs authority&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/government-could-form-new-zakat-islamic-affairs-authority\/\">\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\/25\/government-could-form-new-zakat-islamic-affairs-authority\/&title=Government could form new Zakat + Islamic Affairs authority\">\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=Government+could+form+new+Zakat+%2B+Islamic+Affairs+authority+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F25%2Fgovernment-could-form-new-zakat-islamic-affairs-authority%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\/25\/government-could-form-new-zakat-islamic-affairs-authority\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2160.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88357\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/government-could-form-new-zakat-islamic-affairs-authority\/2160-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2160.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2160.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2160.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2160.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88356\" class=\"content-area-description single-story post-88356 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-awqaf tag-enterpriseam-uae tag-federal-national-council tag-legislation-watch tag-zakat-fund 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\/.6066604e-2a79-4b40-ba1f-4094baba39fc.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A newer, bigger Islamic Affairs council could be in the works:<\/strong><a target=\"_blank\" href=\"https:\/\/u.ae\/en\/about-the-uae\/the-uae-government\/the-federal-national-council-\" style=\"\" rel=\"noopener\">The Federal National<\/a><a target=\"_blank\" href=\"https:\/\/u.ae\/en\/about-the-uae\/the-uae-government\/the-federal-national-council-\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/u.ae\/en\/about-the-uae\/the-uae-government\/the-federal-national-council-\" style=\"\" rel=\"noopener\">Council<\/a> (FNC) discussed yesterday two draft federal laws proposed by the cabinet on the Fatwa Council and the establishment of a new authority that combines both the <a target=\"_blank\" href=\"https:\/\/www.awqaf.gov.ae\/?lang=en\" style=\"\" rel=\"noopener\">General Authority of Islamic Affairs and Endowments<\/a> (Awaf) and the <a target=\"_blank\" href=\"https:\/\/zakatfund.gov.ae\/\" style=\"\" rel=\"noopener\">Zakat Fund<\/a>, <a target=\"_blank\" href=\"https:\/\/www.emaratalyoum.com\/local-section\/other\/2024-01-24-1.1819941\" style=\"\" rel=\"noopener\">Emarat Al Youm<\/a> reports, citing a federal government memorandum. The council discussed the draft law during its <a target=\"_blank\" href=\"https:\/\/www.almajles.gov.ae\/mediacenter\/pages\/events.aspx?eventid=41919#:~:text=%D8%A7%D9%84%D9%85%D9%88%D8%B6%D9%88%D8%B9%20%3A-,%D8%AA%D8%A8%D9%86%D9%89%20%D8%A7%D9%84%D9%85%D8%AC%D9%84%D8%B3%20%D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A%20%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF%D9%8A%20%D8%AE%D9%84%D8%A7%D9%84%20%D8%AC%D9%84%D8%B3%D8%AA%D9%87%20%D8%A7%D9%84%D8%AB%D8%A7%D9%84%D8%AB%D8%A9%20%D9%85%D9%86%20%D8%AF%D9%88%D8%B1%20%D8%A7%D9%84%D8%A7%D9%86%D8%B9%D9%82%D8%A7%D8%AF%20%D8%A7%D9%84%D8%B9%D8%A7%D8%AF%D9%8A,%D8%A7%D9%84%D9%85%D8%A7%D8%A6%D9%8A%D8%A9%20%D9%81%D9%8A%20%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A9%20%D9%88%D8%A7%D9%84%D8%AD%D9%81%D8%A7%D8%B8%20%D8%B9%D9%84%D9%89%20%D8%A7%D9%84%D9%85%D8%AE%D8%B2%D9%88%D9%86%20%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A%20%D9%84%D9%84%D9%85%D9%8A%D8%A7%D9%87%20%D8%A7%D9%84%D8%AC%D9%88%D9%81%D9%8A%D8%A9%20%D9%88%D8%A7%D8%B3%D8%AA%D8%AF%D8%A7%D9%85%D8%A9%20%D8%A7%D9%84%D9%85%D9%8A%D8%A7%D9%87.,-%D8%A7%D9%84%D8%AA%D8%A7%D8%B1%D9%8A%D8%AE%3A\" style=\"\" rel=\"noopener\">third meeting<\/a> of the first ordinary session of the legislative chapter in Abu Dhabi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No fees for Islamic institutions + more Zakat payment channels: <\/strong>The draft law includes provisions on exempting mosques, Quran teaching centers and any affiliated facilities from all government-imposed fees, Albayan said, without clarifying what the fees are. The law also aims to develop the endowments sector and ramp up Zakat payment channels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The draft law would see a new administrative council appointed for the authority<\/strong>, as well as a chairman and director general, Albayan reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fatwa Council to be reformed: <\/strong>Another draft law proposes introducing a set of reforms to the organization and mandate of the <a target=\"_blank\" href=\"https:\/\/fatwauae.gov.ae\/en\" style=\"\" rel=\"noopener\">Fatwa Council<\/a>, the sole entity authorized with issuing fatwas in the Emirates, to develop the council\u2019s legislative and regulatory framework toward \u201cbuilding a modern model for fatwas that responds to global developments,\u201d according to the memorandum. <\/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\/awqaf\/\">Awqaf<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/federal-national-council\/\">Federal National Council<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/legislation-watch\/\">LEGISLATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/zakat-fund\/\">Zakat Fund<\/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=\"88358\" 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=\"88358\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/abu-dhabi-gets-a-heritage-authority-60-new-modern-heritage-sites\/\">\r\n                            A new heritage authority + 60 new modern heritage sites                        <\/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\/25\/abu-dhabi-gets-a-heritage-authority-60-new-modern-heritage-sites\/\" 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\/25\/abu-dhabi-gets-a-heritage-authority-60-new-modern-heritage-sites\/')\">\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\/25\/abu-dhabi-gets-a-heritage-authority-60-new-modern-heritage-sites\/\">\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=Abu Dhabi gets a heritage authority + 60 new modern heritage sites&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/abu-dhabi-gets-a-heritage-authority-60-new-modern-heritage-sites\/\">\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\/25\/abu-dhabi-gets-a-heritage-authority-60-new-modern-heritage-sites\/&title=Abu Dhabi gets a heritage authority + 60 new modern heritage sites\">\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=Abu+Dhabi+gets+a+heritage+authority+%2B+60+new+modern+heritage+sites+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F25%2Fabu-dhabi-gets-a-heritage-authority-60-new-modern-heritage-sites%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\/25\/abu-dhabi-gets-a-heritage-authority-60-new-modern-heritage-sites\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2106.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88359\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/abu-dhabi-gets-a-heritage-authority-60-new-modern-heritage-sites\/2106-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2106.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2106.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2106.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2106.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88358\" class=\"content-area-description single-story post-88358 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-abu-dhabi tag-culture tag-enterpriseam-uae tag-heritage tag-legislation-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.8f51acf0-f1d5-44a0-be16-c62ffb3d6855.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi now has a Heritage Authority:<\/strong> President Sheikh Mohamed bin Zayed Al Nahyan has given the green light to a new law that formally establishes the Abu Dhabi Heritage Authority, replacing the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/emirates-heritage-club\/\" style=\"\" rel=\"noopener\">Emirates Heritage Club<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/cultural-programs-and-heritage-festivals\/\" style=\"\" rel=\"noopener\">Abu Dhabi Cultural Programs and Heritage Festivals Committee<\/a>, according to an <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/government-affairs\/in-his-capacity-as-ruler-of-abu-dhabi-the-uae-president-issues-law-establishing-abu-dhabi-heritage-authority\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a> statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new authority will focus on preserving Emirati history <\/strong>through developing initiatives, documenting heritage practices, and supporting Nabati and classical Arabic poetry. The authority will also oversee historical studies, publications, and cultural events.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Abu Dhabi\u2019s Cultural and Tourism Department has identified and registered more <\/strong><strong>than 60 modern heritage sites<\/strong> for preservation under its Modern Heritage Building Plaque program during a ceremony led by DCT chairman Mohamed Khalifa Al Mubarak, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1aopyb-dct-abu-dhabi-launches-modern-heritage-building\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Plaques are affixed on points of interest such as hospitals, theaters, schools, mosques, and commercial buildings to highlight their significance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/culture\/\">culture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/heritage\/\">Heritage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/legislation-watch\/\">LEGISLATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88360\" 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=\"88360\">\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\/25\/apex-reports-aed-58-3-mn-loss-in-2023\/\">\r\n                            Apex reports AED 58.3 mn loss 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\/25\/apex-reports-aed-58-3-mn-loss-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/apex-reports-aed-58-3-mn-loss-in-2023\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/apex-reports-aed-58-3-mn-loss-in-2023\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Apex reports AED 58.3 mn loss in 2023&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/apex-reports-aed-58-3-mn-loss-in-2023\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/apex-reports-aed-58-3-mn-loss-in-2023\/&title=Apex reports AED 58.3 mn loss in 2023\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Apex+reports+AED+58.3+mn+loss+in+2023+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F25%2Fapex-reports-aed-58-3-mn-loss-in-2023%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/apex-reports-aed-58-3-mn-loss-in-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2137.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88361\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/apex-reports-aed-58-3-mn-loss-in-2023\/2137-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2137.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2137.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2137.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2137.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88360\" class=\"content-area-description single-story post-88360 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-adx tag-apex-investment tag-earnings-watch tag-enterpriseam-uae tag-ras-al-khaimah-cement 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\/.1ff71e90-44ad-4954-aaf3-ee2cab76c753.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Apex Investment in the red:<\/strong><a target=\"_blank\" href=\"https:\/\/rakcc.ae\/\" style=\"\" rel=\"noopener\">Ras Al Khaimah<\/a><a target=\"_blank\" href=\"https:\/\/rakcc.ae\/\" style=\"\" rel=\"noopener\">Cement\u2019s (RAKCC)<\/a> \u2019s Abu Dhabi-based Apex Investment reported a net loss of AED 58.4 mn in 2023, compared to the AED 187.2 mn net income the company posted in 2022, according to the company\u2019s annual <a target=\"_blank\" href=\"https:\/\/adxservices.adx.ae\/cdn\/contentdownload.aspx?doc=3035720\" style=\"\" rel=\"noopener\">consolidated financial statements (pdf)<\/a>.The ADX-listed company\u2019s revenues also fell 11.8% y-o-y to AED 723.5 mn during the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company attributed the loss<\/strong><strong> to a AED 129 mn incurred loss on its financial assets<\/strong>, according to the financials. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Ras Al Khaimah Cement Investment Company (RAK CIC) acquired IHC\u2019s subsidiary Apex Holding in <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/2135.pdf\" style=\"\" rel=\"noopener\">2022 (pdf)<\/a> through the issuance of mandatory convertible bonds worth AED 3.05 bn sold to IHC in exchange for its stake in Apex Holding. The company\u2019s name was changed to Apex Investment following the transaction, which was expected to \u201cstrengthen RAK CIC\u2019s financial performance through the robust financial position of Apex Holding,\u201d RAK CIC general manager Ahmed Ali Al Nuaimi said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adx\/\">ADX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/apex-investment\/\">Apex Investment<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ras-al-khaimah-cement\/\">Ras Al Khaimah Cement<\/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=\"88362\" 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=\"88362\">\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\/25\/nbf-reports-113-jump-in-2023-net-income\/\">\r\n                            National Bank of Fujairah reports 113% jump in 2023 net income                        <\/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\/25\/nbf-reports-113-jump-in-2023-net-income\/\" 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\/25\/nbf-reports-113-jump-in-2023-net-income\/')\">\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\/25\/nbf-reports-113-jump-in-2023-net-income\/\">\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=NBF reports 113% jump in 2023 net income&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/nbf-reports-113-jump-in-2023-net-income\/\">\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\/25\/nbf-reports-113-jump-in-2023-net-income\/&title=NBF reports 113% jump in 2023 net income\">\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=NBF+reports+113%25+jump+in+2023+net+income+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F25%2Fnbf-reports-113-jump-in-2023-net-income%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\/25\/nbf-reports-113-jump-in-2023-net-income\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2178.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88363\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/nbf-reports-113-jump-in-2023-net-income\/2178-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2178.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2178.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2178.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2178.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88362\" class=\"content-area-description single-story post-88362 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-banking tag-earnings-watch tag-enterpriseam-uae tag-national-bank-of-fujairah 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\/.4619a8aa-30ec-413b-beb8-f33a615bf484.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>National Bank of Fujairah reported a 113% y-o-y increase in net income in 2023, reaching <\/strong><strong>a record<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/2172.pdf\" style=\"\" rel=\"noopener\">ADX disclosure<\/a>. The bank also achieved record-breaking operating revenues of AED 2.3 bn, up 25.8% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Net interest income and net income from Islamic financing and investment activities rose <\/strong>39.6% y-o-y to AED 1.7 bn. Net fees, commission, and other income rose 6.2% y-o-y to AED 417.8 mn. However, foreign exchange and derivatives income decreased, standing at AED 164.5 mn, down from AED 181.4 mn in 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>why<\/strong><strong>:<\/strong> The bank attributes its performance last year to \u201cresilience in [its] core business,\u201d strategic business expansion, a favorable high-interest rate environment, effective investment portfolio management, and cost control, according to the statement. The bank\u2019s total revenues surged 223.8% to AED 790.4 mn during the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends: <\/strong>The board has suggested a dividend distribution equivalent to 15% of the paid-up capital, a significant increase from the 6% in 2022. This proposed distribution comprises 10% in cash dividends (compared to none in 2022) and 5% in bonus shares (compared to 6% in 2022).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> \u201cThe Board\u2019s strategic focus continues to be on generating long-term sustainable returns and benefitting from the innovative opportunities that are arising from the emerging opportunities in environmental, social and governance [ESG] matters, which will enhance further growth in 2024 and beyond,\u201d said the bank\u2019s chairman, Sheikh Saleh Bin Mohamed Bin Hamad Al Sharqi.<\/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\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/national-bank-of-fujairah\/\">National Bank of Fujairah<\/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=\"88364\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/43010.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20607.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Rise every day<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/43009.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/hap.com.eg\/\" 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=\"88365\" 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=\"88365\">\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\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/misra-eyes-more-gcc-funds-telegraph-takeover-gets-more-ink\/\">\r\n                            Misra eyes more GCC funds + Telegraph takeover gets more ink                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/misra-eyes-more-gcc-funds-telegraph-takeover-gets-more-ink\/\" 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\/25\/misra-eyes-more-gcc-funds-telegraph-takeover-gets-more-ink\/')\">\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\/25\/misra-eyes-more-gcc-funds-telegraph-takeover-gets-more-ink\/\">\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=Misra eyes more GCC funds + Telegraph takeover gets more ink&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/misra-eyes-more-gcc-funds-telegraph-takeover-gets-more-ink\/\">\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\/25\/misra-eyes-more-gcc-funds-telegraph-takeover-gets-more-ink\/&title=Misra eyes more GCC funds + Telegraph takeover gets more ink\">\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=Misra+eyes+more+GCC+funds+%2B+Telegraph+takeover+gets+more+ink+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F25%2Fmisra-eyes-more-gcc-funds-telegraph-takeover-gets-more-ink%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/misra-eyes-more-gcc-funds-telegraph-takeover-gets-more-ink\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2176.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88366\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/misra-eyes-more-gcc-funds-telegraph-takeover-gets-more-ink\/2176-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2176.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2176.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2176.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2176.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88365\" class=\"content-area-description single-story post-88365 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-enterpriseam-uae tag-investment-watch tag-ma-watch tag-royal-group tag-the-telegraph tag-uae-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.a5607334-d212-4ae1-a2fe-718c8a81f4bb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rajeev Misra seeks GCC backing in new fund:<\/strong>Former SoftBank CEO Rajeev Misra is looking to boost the size of his One Investment Management fund to more than USD 10 bn through more Gulf investments, including from Saudi Arabia, after raising some USD 6.8 bn from investors including Mubadala and Sheikh Tahnoon bin Zayed Al Nahyan\u2019s Royal Group, he told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-01-24\/softbank-veteran-entrusted-with-saudi-uae-billions-readies-second-act\" style=\"\" rel=\"noopener\">Bloomberg<\/a> in an interview. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More foreign press coverage of the Telegraph bid: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.telegraph.co.uk\/politics\/2024\/01\/23\/lord-cameron-red-carpet-uae-influence-the-telegraph\/\" style=\"\" rel=\"noopener\">Telegraph<\/a> has a lengthy feature on ties between former UK Prime Minister David Cameron and the UAE, amid <a target=\"_blank\" href=\"https:\/\/news.sky.com\/story\/redbird-imi-proposes-new-structure-to-ease-telegraph-ownership-fears-13055432\" style=\"\" rel=\"noopener\">reports<\/a> that International Media Investments-backed Redbird IMI is open to establishing a UK-based holding company for the Telegraph and its sister publication to secure the contested USD 600 mn takeover. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/royal-group\/\">Royal Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/the-telegraph\/\">The Telegraph<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-in-the-news\/\">UAE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88367\" 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=\"88367\">\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\/25\/du-completes-50g-broadband-network-trial\/\">\r\n                            Du completes 50G broadband network trial + more healthcare, fintech, energy, education, startup and AI news                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/du-completes-50g-broadband-network-trial\/\" 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\/25\/du-completes-50g-broadband-network-trial\/')\">\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\/25\/du-completes-50g-broadband-network-trial\/\">\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=Du completes 50G broadband network trial&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/du-completes-50g-broadband-network-trial\/\">\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\/25\/du-completes-50g-broadband-network-trial\/&title=Du completes 50G broadband network trial\">\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=Du+completes+50G+broadband+network+trial+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F25%2Fdu-completes-50g-broadband-network-trial%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\/25\/du-completes-50g-broadband-network-trial\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2177.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88368\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/du-completes-50g-broadband-network-trial\/2177-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2177.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2177.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2177.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2177.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88367\" class=\"content-area-description single-story post-88367 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-education tag-energy tag-enterpriseam-uae tag-finance tag-fintech tag-healthcare tag-logistics tag-national-multiple-sclerosis-society tag-pakistan tag-telecoms 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\/.3fc9bd4c-44fa-47db-a74c-b1bf7c04b984.mp3\"><\/audio><\/figure><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>du completes 50G broadband tech trial:<\/strong> Telecoms operator <a target=\"_blank\" href=\"https:\/\/www.du.ae\/personal\" style=\"\" rel=\"noopener\">du<\/a> completed the first trial of the 50G passive optical network (PON) in the Emirates, a high-bandwidth network connection that enables \u201cbusinesses and consumers to harness high-bandwidth, latency-sensitive applications, including 8k-interactive video applications, 3D cloud design, high-graphic\/high-quality AI\/ML applications,\u201d according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/du-sets-new-standard-in-gulf-region-with-successful-50g-pon-trial-for-business-users-kngskmxp\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p class=\"tag-border-left\">STARTUPS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Crypto investment firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/cyphercapital.com\/\" style=\"\" rel=\"noopener\">Cypher Capital<\/a><\/strong><strong> co-led a USD 2.4 mn investment in Germa<\/strong><strong>n blockchain company bitsCrunch<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2024\/01\/uae-cypher-capital-leads-2-4-million-investment-bitscrunch\" style=\"\" rel=\"noopener\">Wamda<\/a> reports.BitsCrunch is \u201ca global data analytics firm specializing in multi-chain insights and forensics for NFTs and digital assets,\u201d founded in 2021. The startup is backed by Coinbase Ventures, Animoca Brands, Chainlink, Cypher Capital, Crypto.com Capital, Morningstar Ventures, Shima Capital, among others. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cWe are excited to partner with Vijay and his team at bitsCrunch. They are solving the transparency problem in the NFT space through AI and data analytics, which will further enhance the user experience and trust,\u201d Cypher Capital Chairman Bill Qian said. <\/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>TII + Aspire + Maqta Gateway to work together on autonomous tech: <\/strong>Abu Dhabi's Technology Innovation Institute (TII) and Aspire, the technology program management pillar of the Advanced Technology Research Council (ATRC), will work with AD Ports Group subsidiary <a target=\"_blank\" href=\"https:\/\/www.maqta.ae\/en\" style=\"\" rel=\"noopener\">Maqta Gateway<\/a> on a proof-of-concept for autonomous tech, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/abu-dhabis-technology-innovation-institute-aspire-and-maqta-gateway-collaborate-to-enhance-autonomous-technologies-mnhezr8i\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement will see them explore AI and robotics projects across terrestrial, aerial, and marine sectors to create tailored solutions and applications for AD Port\u2019s infrastructure, in a bid to enhance productivity and efficiency while lowering costs.<\/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\">HEALTHCARE-<\/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.nationalmssociety.org\/\" style=\"\" rel=\"noopener\">National Multiple Sclerosis Society (NMSS)<\/a><\/strong><strong> awarded six research grants for <\/strong><strong>treatment of multiple sclerosis,<\/strong> according to an <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/health\/national-multiple-sclerosis-society-awards-research-grants-to-six-recipients\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a> statement. The grants are backed by <a target=\"_blank\" href=\"https:\/\/www.doh.gov.ae\/en\/\" style=\"\" rel=\"noopener\">Abu Dhabi\u2019s Department of Health<\/a>, which contributed AED 500k to the initiative. <\/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>#1- Embedded finance platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/abhi.com.pk\/\" style=\"\" rel=\"noopener\">Abhi<\/a><\/strong><strong> has set up its global HQ in Abu Dhabi<\/strong>, with help from the <a target=\"_blank\" href=\"https:\/\/www.investinabudhabi.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Investment Office (ADIO)<\/a>, according to an <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/with-support-of-abu-dhabi-investment-office-hub71-backed-abhi-to-establish-global-headquarters-in-the-emirate\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a> statement. The Pakistani firm first landed in the emirate last year, joining the global technology ecosystem accelerator <a target=\"_blank\" href=\"https:\/\/www.hub71.com\/\" style=\"\" rel=\"noopener\">Hub71<\/a>. The company currently services over 500 companies globally with earned wage access, payroll solutions, and SME financing solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Egyptian fintech company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/paymob.com\/\" style=\"\" rel=\"noopener\">Paymob<\/a><\/strong><strong> has partnered with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/mea.mastercard.com\/en-region-mea.html\" style=\"\" rel=\"noopener\">Mastercard<\/a><\/strong><strong> to encourage <\/strong><strong>SMEs<\/strong><strong>\u2019 <\/strong><strong>usage of digital payments in the region<\/strong> through low-cost solutions, according to a Mastercard <a target=\"_blank\" href=\"https:\/\/www.mastercard.com\/news\/eemea\/en\/newsroom\/press-releases\/press-releases\/en\/2024\/january\/paymob-and-mastercard-partner-to-accelerate-digital-payment-acceptance-in-mena\/\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement involves expediting solutions like tap on phone, e-commerce gateways, and payment links.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More on Paymob:<\/strong> Founded in 2015, Paymob is a financial technology company specializing in constructing digital infrastructure, with offices spanning the UAE, Egypt, Pakistan, Saudi Arabia, and Oman. The startup secured a USD 50 mn (AED 183 mn) round of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08438889-d1a6-4753-9417-acba84ec6fa4\" style=\"\" rel=\"noopener\">series B funding<\/a> back in 2022. <\/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\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc has launched two hybrid-powered land rigs<\/strong>, featuring a high-capacity battery and engine automation that contribute to a 15% reduction in emissions compared to traditional rigs <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1ba5hc-adnoc-drilling-kickstarts-2024-operations-with\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Adnoc invested USD 327 mn in purchasing 16 land rigs throughout 2023 in a bid to decarbonize its operations. With two rigs currently in use, the remaining fourteen will be integrated into Adnoc\u2019s drilling fleet over this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Adnoc <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b341b5ef-ca42-4c4e-a719-90e984f666eb\" style=\"\" rel=\"noopener\">recently increased<\/a> its budget for decarbonization investment to USD 23 bn, up from its initial USD 15 bn planned investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Energy solutions provider<\/strong><strong>Ducab India inked a partnership agreement with Emirates NBD<\/strong> to advance its expansion goals and boost both countries' economies, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/January\/24-01\/Ducab-India-signs-first-bilateral-partnership\" style=\"\" rel=\"noopener\">Media Office<\/a> statement. Ducab has been actively expanding in India, and recently opened its first office in the country in Bengaluru. <\/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>The American University of Sharjah (AUS) board has greenlit the launch of five <\/strong><strong>new degree programs in Fall <\/strong><strong>2024<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/en\/Articles\/2024\/01\/24\/AUS-board-of-trustees-approves-new-initiatives-programmes\" style=\"\" rel=\"noopener\">Sharjah24<\/a> reports. The degrees include masters of business analytics, and another in machine learning; and bachelors degrees in chemical and biological engineering, digital construction engineering and management, intelligent systems and mechatronics engineering.<\/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\/education\/\">Education<\/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\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/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\/national-multiple-sclerosis-society\/\">National Multiple Sclerosis Society<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/pakistan\/\">Pakistan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/telecoms\/\">telecoms<\/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=\"88369\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"88369\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/tesla-warns-of-lower-growth-expectations-in-2024\/\">\r\n                            Tesla warns of lower growth expectations in 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/tesla-warns-of-lower-growth-expectations-in-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/tesla-warns-of-lower-growth-expectations-in-2024\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/tesla-warns-of-lower-growth-expectations-in-2024\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Tesla warns of lower growth expectations in 2024&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/tesla-warns-of-lower-growth-expectations-in-2024\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/tesla-warns-of-lower-growth-expectations-in-2024\/&title=Tesla warns of lower growth expectations in 2024\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Tesla+warns+of+lower+growth+expectations+in+2024+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F25%2Ftesla-warns-of-lower-growth-expectations-in-2024%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/tesla-warns-of-lower-growth-expectations-in-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2118.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88370\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/tesla-warns-of-lower-growth-expectations-in-2024\/2118-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2118.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2118.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2118.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/2118.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88369\" class=\"content-area-description single-story post-88369 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-financial-markets tag-planet-finance tag-tesla 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\/.70639cf6-01c7-4c94-83ec-ea8702a54d0c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>\u201cBetween two major growth waves\u201d:<\/strong> Tesla could see \u201cnotably lower\u201d growth in sales volumes of its electric vehicles, the company said in its <a target=\"_blank\" href=\"https:\/\/digitalassets.tesla.com\/tesla-contents\/image\/upload\/IR\/TSLA-Q4-2023-Update.pdf\" style=\"\" rel=\"noopener\">shareholder deck (pdf)<\/a>, which it released overnight. The slowdown comes as Tesla \u2014 currently the world\u2019s most valuable automaker \u2014 is \u201cbetween two major growth waves\u201d and is planning to focus this year on launching its next-generation vehicle at its Texas gigafactory. The company reported weak 3Q 2024 earnings, with revenues rising 3% to USD 25.2 bn, which the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b37912bf-6f01-4393-85cc-df064332b10f\" style=\"\" rel=\"noopener\">Financial Times<\/a> notes is \u201cits slowest pace of growth in more than three years\u201d and falls short of the USD 25.6 bn analysts had expected. <\/p>\n<p><a target=\"_blank\" id=\"t.1aa5798d5071abaaf4be3e23549b277d8b52a5fd\" 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-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>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\">9,655<\/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: +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\">4,181<\/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\">+1.8% (YTD: +3.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;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:1.0;orphans:2;widows:2;text-align:left\">3,905<\/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\">+0.9% (YTD: +1.6%)<\/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-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>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\">5.1% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.1% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,174<\/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: 1.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">27,666<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +11.1%)<\/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>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\">4,896<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: +2.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,527<\/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: -2.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,564<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.2% (YTD: +0.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 80.04<\/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%<\/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 2.67<\/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\">+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>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,034.20<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 40,117.17<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: -9.2%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM closed <\/strong><strong>up 1.8%<\/strong>, on turnover of AED 968.4 mn. The index is up 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>Takaful Emarat (+14.9%), Dubai Islamic Bank (+7.7%) and Ekttitab Holding Company (+6.6%).<\/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 International Holding Company (-10.0%), Al Firdous Holdings (-3.8%) and Emirates Reem Investments Company (-2.7%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on<\/strong><strong> the ADX<\/strong>, the index closed essentially flat on turnover of AED 1.2 bn, while Nasdaq Dubai rose 0.9%.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tesla\/\">Tesla<\/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=\"88371\" 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=\"88371\">\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\/25\/sheikh-mohamed-meets-king-of-bahrain-raks-sheikh-saud-meets-kuwaits-new-emir\/\">\r\n                            Sheikh Mohamed meets King of Bahrain + RAK\u2019s Sheikh Saud meets Kuwait\u2019s new emir                        <\/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\/25\/sheikh-mohamed-meets-king-of-bahrain-raks-sheikh-saud-meets-kuwaits-new-emir\/\" 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\/25\/sheikh-mohamed-meets-king-of-bahrain-raks-sheikh-saud-meets-kuwaits-new-emir\/')\">\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\/25\/sheikh-mohamed-meets-king-of-bahrain-raks-sheikh-saud-meets-kuwaits-new-emir\/\">\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=Sheikh Mohamed meets King of Bahrain + RAK\u2019s Sheikh Saud meets Kuwait\u2019s new emir&url=https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/sheikh-mohamed-meets-king-of-bahrain-raks-sheikh-saud-meets-kuwaits-new-emir\/\">\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\/25\/sheikh-mohamed-meets-king-of-bahrain-raks-sheikh-saud-meets-kuwaits-new-emir\/&title=Sheikh Mohamed meets King of Bahrain + RAK\u2019s Sheikh Saud meets Kuwait\u2019s new emir\">\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=Sheikh+Mohamed+meets+King+of+Bahrain+%2B+RAK%E2%80%99s+Sheikh+Saud+meets+Kuwait%E2%80%99s+new+emir+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F01%2F25%2Fsheikh-mohamed-meets-king-of-bahrain-raks-sheikh-saud-meets-kuwaits-new-emir%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\/25\/sheikh-mohamed-meets-king-of-bahrain-raks-sheikh-saud-meets-kuwaits-new-emir\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2174.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88372\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/01\/25\/sheikh-mohamed-meets-king-of-bahrain-raks-sheikh-saud-meets-kuwaits-new-emir\/2174-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2174.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2174.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2174.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2174.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88371\" class=\"content-area-description single-story post-88371 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-uae tag-mohamed-bin-zayed-al-nahyan tag-uae-bahrain-relations tag-uae-kuwait-relations 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\/.63290489-9607-4e24-b5d2-cc5e87dbb70a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>President Sheikh Mohamed bin Zayed Al Nahyan met the King of Bahrain<\/strong>, to explore avenues for enhanced cooperation across various sectors, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1ba5vr-uae-president-visits-king-bahrain-his-residence\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The leaders also stressed the significance of reinforcing collaboration in the Gulf region for the shared advantage of GCC member states and discussed recent developments in the Middle East.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RAK ruler sits down with Kuwait\u2019s new emir:<\/strong> Ras Al Khaimah Ruler Sheikh Saud bin Saqr Al Qasimi discussed mutual interests and improving bilateral relations with Kuwaiti Emir Sheikh Meshal Al Ahmad Al Jaber Al Sabah during his visit to Kuwait, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1ba5yn-emir-kuwait-receives-ruler-ras-khaimah\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mohamed-bin-zayed-al-nahyan\/\">Mohamed bin Zayed Al Nahyan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-bahrain-relations\/\">UAE-Bahrain relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-kuwait-relations\/\">UAE-Kuwait relations<\/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=\"88373\" 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\/25\/88373-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88373\" class=\"content-area-description single-story post-88373 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;\">22-26 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- Wednesday): <\/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>29 February-3 March (Thursday-Sunday): Gov Games, Dubai Festival City, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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>Debt market to hit USD 300 bn in 2025 | DP World\u2019s Mozambique port expansion greenlit | ADIB eyes KSA | Du wraps 50G broadband network trial<\/p>\n","protected":false},"featured_media":88346,"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-88345","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e6ec9a3f-53cc-44b7-bcd2-a61538e0ff83","teaser":"Debt market to hit USD 300 bn in 2025 | DP World\u2019s Mozambique port expansion greenlit | ADIB eyes KSA | Du wraps 50G broadband network trial","photo_url":"https:\/\/ent.news\/2024\/1\/2179.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Funding diversification could drive the UAE\u2019s debt market to USD 300 bn next year, Fitch says - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Funding diversification could drive the UAE\u2019s debt market to USD 300 bn next year, Fitch says\" \/>\n<meta property=\"og:description\" content=\"Debt market to hit USD 300 bn in 2025 | DP World\u2019s Mozambique port expansion greenlit | ADIB eyes KSA | Du wraps 50G broadband network trial\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-14T23:18:03+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2179.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/\",\"name\":\"Funding diversification could drive the UAE\u2019s debt market to USD 300 bn next year, Fitch says - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2179.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-01-25T00:00:00+00:00\",\"dateModified\":\"2025-12-14T23:18:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2179.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2179.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/uae\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Funding diversification could drive the UAE\u2019s debt market to USD 300 bn next year, Fitch says\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Funding diversification could drive the UAE\u2019s debt market to USD 300 bn next year, Fitch says - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/","og_locale":"en_US","og_type":"article","og_title":"Funding diversification could drive the UAE\u2019s debt market to USD 300 bn next year, Fitch says","og_description":"Debt market to hit USD 300 bn in 2025 | DP World\u2019s Mozambique port expansion greenlit | ADIB eyes KSA | Du wraps 50G broadband network trial","og_url":"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/","og_site_name":"UAE","article_modified_time":"2025-12-14T23:18:03+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2179.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/","url":"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/","name":"Funding diversification could drive the UAE\u2019s debt market to USD 300 bn next year, Fitch says - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2179.jpg?fit=%2C&ssl=1","datePublished":"2024-01-25T00:00:00+00:00","dateModified":"2025-12-14T23:18:03+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2179.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2179.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/issues\/funding-diversification-could-drive-the-uaes-debt-market-to-usd-300-bn-next-year-fitch-says\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/uae\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Funding diversification could drive the UAE\u2019s debt market to USD 300 bn next year, Fitch says"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/88345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/88345\/revisions"}],"predecessor-version":[{"id":88394,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/88345\/revisions\/88394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/88346"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=88345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=88345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=88345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}