{"id":88920,"date":"2024-02-12T00:00:00","date_gmt":"2024-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=88920"},"modified":"2025-12-14T23:27:39","modified_gmt":"2025-12-14T23:27:39","slug":"real-estate-market-growth-will-be-driven-by-expats-hnwi-markaz-suggests","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/real-estate-market-growth-will-be-driven-by-expats-hnwi-markaz-suggests\/","title":{"rendered":"Real estate market growth will be driven by expats + HNWI, Markaz suggests"},"content":{"rendered":"<section id=\"88922\" 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=\"88922\">\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\/02\/12\/world-government-summit-kicks-off-in-dubai-today\/\">\r\n                            THIS MORNING: World Government Summit kicks off in Dubai 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\/02\/12\/world-government-summit-kicks-off-in-dubai-today\/\" target=\"_blank\">\n          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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/world-government-summit-kicks-off-in-dubai-today\/1126-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/1126.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1126.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/1126.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/1126.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88922\" class=\"content-area-description single-story post-88922 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-dubai tag-enterpriseam-uae tag-road-and-transport-authority tag-what-were-tracking-today tag-world-government-summit 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\/2\/.d31c7d4e-f451-4577-bf0a-273d6048705e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and happy Monday.<\/strong> We\u2019re kicking off a fresh week with a reasonably busy issue \u2014 and plenty more earnings. <\/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\"><a id=\"wwtt1\"><\/a> <strong>It\u2019s WFH day for the public sector: <\/strong>The government has called a work from home day for all public sector employees across the country, and ordered public schools to conduct classes remotely, amid expectations of heavy rain, thunderstorms, and high winds today, according to a <a target=\"_blank\" href=\"https:\/\/twitter.com\/UAEmediaoffice\/status\/1756583112593564006\" 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>Private sector asked to follow suit:<\/strong> The Human Resources Ministry also <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/mohre\/posts\/?feedView=all\" style=\"\" rel=\"noopener\">called on<\/a> private sector companies across the country to adopt flexible work arrangements today, while Dubai's Knowledge and Human Development Authority <a target=\"_blank\" href=\"https:\/\/twitter.com\/KHDA\/status\/1756362700681085413?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" style=\"\" rel=\"noopener\">urged<\/a> all educational institutions to operate remotely for the day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All public parks across Sharjah have also been temporarily closed<\/strong>, according to a Sharjah Municipality <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/ShjMunicipality\/posts\/pfbid02hPyCRV6KD3DXWf9KsoRTRSjRWzXuuYmaCgC2KGR17SKccFTN3FgzqCxRsYHyBofwl\" 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>LOOKING AHEAD: <\/strong>Expect a sunny day tomorrow with modest humidity, mostly clear skies, and a high of 26\u00b0C in Dubai and 25\u00b0C in Abu Dhabi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Against that backdrop, we have:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#1- Over 300 prime ministers and international organization chiefs are in Dubai for the <\/strong><strong>three-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.worldgovernmentsummit.org\/\" style=\"\" rel=\"noopener\">World Government Summit<\/a><\/strong><strong>.<\/strong> The summit will focus on the daily implications of AI and government priorities for the future, and will include AI-centered conferences, ministerial meetings, and executive sessions. The summit will seeArab finance ministers, energy ministers, and development ministers hold meetings to address six key themes ranging from AI to health and education, according to <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/13ree82-uae-president-mohammed-bin-rashid-welcome-uae\" style=\"\" rel=\"noopener\">Wam<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the agenda for Day One: <\/strong>Forums on the future of work and of mobility are underway today, with discussions about AI, the future of governments, and sustainable mobility. You can find the full agenda <a target=\"_blank\" href=\"https:\/\/www.worldgovernmentsummit.org\/events\/2024\/agenda\" 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>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/middleeast.breakbulk.com\/Home\" style=\"\" rel=\"noopener\">Breakbulk Middle East 2024<\/a><\/strong><strong> opens its doors today<\/strong>,and will run until tomorrow at the Dubai World Trade Center. The event is being hosted by the Energy and Infrastructure Ministry to address challenges for the project cargo and break bulk industry and identify prospects for growth in the UAE, KSA, and East Africa, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/breakbulk-middle-east-2024-unveils-its-comprehensive-agenda-to-foster-industry-growth-in-emerging-markets-yc113be7\" 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>#3- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.safcongressmena.com\/\" style=\"\" rel=\"noopener\">Sustainable Aviation Futures MENA Congress<\/a><\/strong><strong>also kicks off today at Kempinski <\/strong><strong>Central Avenue<\/strong>, and will run until Wednesday, 14 February. The event offers a platform for businesses and organizations to showcase their solutions for the decarbonization of the aviation industry, as well as ways to scale sustainable fuel production. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- UAE Innovates 2024 is underway in Ajman and Umm Al Quwain today and runs until <\/strong><strong>Wednesday<\/strong>, reports state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b1fg748-uae-innovates-2024-nationwide-celebration\" style=\"\" rel=\"noopener\">Wam<\/a>. The event will move to Sharjah, Ras Al Khaimah, and Fujairah from Thursday, 15 February to Wednesday, 21 February. The event\u2019s last stop will be Dubai, running from 22-29 February.<\/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=\"wwtt3\"><\/a> <strong>#1-<\/strong><strong>Abu Dhabi International Airport is now officially Zayed International Airport<\/strong>, Abu Dhabi Airports <a target=\"_blank\" href=\"https:\/\/twitter.com\/ad_airports\/status\/1755995930581479694\" style=\"\" rel=\"noopener\">said on X<\/a>. The airport first announced it would switch names in honor of former president Zayed bin Sultan Al Nahyan back in <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/aviation\/abu-dhabi-airport-renamed-after-sheikh-zayed\" style=\"\" rel=\"noopener\">October<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#2-<\/strong><strong>New weekend-exclusive bus route in Dubai: <\/strong><a target=\"_blank\" href=\"https:\/\/www.rta.ae\/\" style=\"\" rel=\"noopener\">Dubai\u2019s Road and Transport Authority (RTA)<\/a> has inaugurated a weekend-only bus route, dubbed W20, to connect passengers from Stadium Metro Station to Al Mamzar Beach from Friday to Sunday, according to an RTA <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/launching-new-weekend-only-bus-route\" 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>Still to come: <\/strong>Dubai\u2019s RTA plans to expand some bus routes, and introduce reroutes for faster commute times across 13 bus routes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s next transport plan will depend on you: <\/strong>With the <a target=\"_blank\" href=\"https:\/\/www.dsc.gov.ae\/en-us\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Dubai Statistics Center<\/a>, RTA will roll out travel behavior surveys at the end of February, which it will use when updating its Dubai Strategic Transportation Plan to 2040, RTA said on <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/road-and-transport-authority_rta-activity-7161590448300535808-f91o\/?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">LinkedIn<\/a>. The surveys will collect data on consumers\u2019 trip purposes, mode choices, and travel times.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong><strong>Volunteer groups in Sharjah can apply for official permits<\/strong>under the emirate\u2019s <a target=\"_blank\" href=\"https:\/\/sssd.shj.ae\/en\" style=\"\" rel=\"noopener\">Social<\/a><a target=\"_blank\" href=\"https:\/\/sssd.shj.ae\/en\" style=\"\" rel=\"noopener\">Services Department<\/a>, <a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/en\/Articles\/2024\/02\/09\/Volunteer-Work-Center-organises-volunteer-teams-works-in-Sharjah\" style=\"\" rel=\"noopener\">Sharjah 24<\/a> reports. Groups must have five founding members, individual volunteer permits for team members, and a professional practice license, to be approved for a permit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN MEMORIAM- Four Emirati soldiers killed in Somalia: <\/strong>The bodies of four Emirati soldiers killed in an attack in Mogadishu in Somalia arrived in the UAE yesterday, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1lzyix-bodies-four-uae-armed-forces-martyrs-arrive-bateen\" style=\"\" rel=\"noopener\">Wam<\/a> reported. A Bahraini soldier was also killed in the attack, which targeted a military base where Emirati and Bahraini troops were on a training mission. The news agency had initially <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13ree5h-breaking-ministry-defence-announces-martyrdom\" style=\"\" rel=\"noopener\">reported<\/a> that three soldiers were killed, with two others wounded. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Qaeda-linked Somali militant group Al Shabab claimed responsibility for the attack<\/strong>, the <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/somalia-shabab-emirates-bahrain-militant-attack-05cea538d50595b254a4b50131d84a1a\" style=\"\" rel=\"noopener\">Associated Press<\/a> reports. A funeral prayer attended by senior leaders and officers of the Defence Ministry of Defence, was held later yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story earned coverage in the foreign press:<\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/five-dead-after-shooting-somali-capital-2024-02-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2024\/02\/10\/somalia-shabab-emirates-bahrain-militant-attack\/afdf752e-c896-11ee-bbc9-9b5ca9b20779_story.html\" style=\"\" rel=\"noopener\">The Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-11\/three-uae-troops-killed-in-somalia-attack-by-al-qaeda-affiliate\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/02\/10\/africa\/uae-somalia-military-base-attack-intl-hnk\/index.html\" style=\"\" rel=\"noopener\">CNN<\/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=\"wwtt5\"><\/a> <strong>#1- The UAE\u2019s new corporate tax regime is \u201cnon-harmful,\u201d<\/strong> the Organization for Economic Co-operation and Development said in a <a target=\"_blank\" href=\"https:\/\/www.oecd.org\/tax\/inclusive-framework-members-continue-countering-harmful-tax-practices.htm\" style=\"\" rel=\"noopener\">statement<\/a> last week. The 9% business tax was introduced by the Finance Ministry in <a target=\"_blank\" href=\"https:\/\/mof.gov.ae\/ministry-of-finance-announces-new-decisions-relating-to-corporate-tax-for-free-zones\/\" style=\"\" rel=\"noopener\">June 2023<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Did G42 offload stakes in Chinese companies?<\/strong>IHC-backed tech and AI group <a target=\"_blank\" href=\"https:\/\/www.g42.ai\/\" style=\"\" rel=\"noopener\">G42<\/a> has sold its stakes in \u201call its investments in China,\u201d in a bid to reassure US partners, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/82473ec4-fa7a-43f2-897c-ceb9b10ffd7a\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports, citing a statement from G42\u2019s investment arm, 42XFund. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The divestments reportedly included a USD 100 mn stake in TikTok parent company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bytedance.com\/en\/\" style=\"\" rel=\"noopener\">ByteDance<\/a><\/strong>, two sources with knowledge of the matter are cited as telling the salmon-colored paper.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> G42\u2019s divestments come after the group \u201ccategorically denied\u201d having ties to the Chinese government in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9c04e94f-8c6c-43f1-806b-09f721890367#:~:text=G42%20caught%20in,lawmakers%20as%20saying.\" style=\"\" rel=\"noopener\">January<\/a>, in response to a <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/01\/09\/us\/politics\/ai-china-uae-g42.html?searchResultPosition=1\" style=\"\" rel=\"noopener\">New York Times report<\/a> and a letter from a US congressional committee accusing the tech group of working with the Chinese military. The company\u2019s CEO Peng Xiao had vowed to phase out its stakes in Chinese hardware suppliers in statements to the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6710c259-0746-4e09-804f-8a48ecf50ba3\" style=\"\" rel=\"noopener\">FT<\/a> last December. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Dubai\u2019s Port Police and Air Wing Center rescued eight fishermen <\/strong>after a cargo ship collided with their boat, which was heading to Dubai\u2019s fish market at night, Dubai Police said in a <a target=\"_blank\" href=\"https:\/\/www.dubaipolice.gov.ae\/wps\/portal\/home\/mediacenter\/news\/newsdetails\/m98?lang=en\" style=\"\" rel=\"noopener\">statement<\/a>. Three of the ship\u2019s crew sustained injuries and were transported to Rashid Hospital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Cyber Security Council foiled multiple attempted cyberattacks that <\/strong><strong>targeted \u201cvital and strategic sectors\u201d over the <\/strong><strong>weekend<\/strong>,state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1kt3yi-national-systems-foil-attempted-cyberattacks\" style=\"\" rel=\"noopener\">Wam<\/a> reported, without providing further details.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s all war and technology in the global business press this morning. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>War:<\/strong><\/p>\n<ul>\n<li><strong>Nobody believes Benjamin Netanyahu<\/strong>, who said Israel is <a target=\"_blank\" href=\"https:\/\/abcnews.go.com\/ThisWeek\/video\/netanyahu-detailed-plan-works-evacuating-rafah-107131331\" style=\"\" rel=\"noopener\">\u201cworking out a detailed plan\u201d<\/a> to evacuate civilians from Rafah after Joe Biden warned him that Israeli forces shouldn\u2019t move into the area without a <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2024\/02\/11\/readout-of-president-bidens-call-with-prime-minister-netanyahu-of-israel-11\/\" style=\"\" rel=\"noopener\">\u201ccredible and executable\u201d<\/a> plan to safeguard non-combattants.<\/li>\n<li><strong>Donald Trump is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/02\/11\/world\/europe\/trump-nato-analysis.html\" style=\"\" rel=\"noopener\">freaking out the Europeans<\/a><\/strong> with his suggestion that he\u2019d be happy (if elected) to see Russia do <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/european-officials-criticize-trumps-nato-comments-2024-02-11\/\" style=\"\" rel=\"noopener\">\u201cwhatever the hell they want\u201d<\/a> to Nato allies that don\u2019t meet minimum defense spending targets. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tech:<\/strong><\/p>\n<ul>\n<li><strong>Tech giants have laid off at least 34k people <\/strong>since the start of the year as they get their heads around <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/9bace2e9-3ecb-4651-a6c0-b16f0226c0e0\" style=\"\" rel=\"noopener\">what AI means to their businesses and prepare for what\u2019s next<\/a>. And it\u2019s not just Big Tech that\u2019s <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/job-cuts-spill-beyond-tech-sector-2024-02-09\/\" style=\"\" rel=\"noopener\">trimming staff<\/a>.<\/li>\n<li><strong>OpenAI boss Sam Altman is still trying to raise as much as USD 7 tn <\/strong>(yes, tn, not bn) for a new AI chip and power production project, <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/tech\/ai\/sam-altman-seeks-trillions-of-dollars-to-reshape-business-of-chips-and-ai-89ab3db0\" style=\"\" rel=\"noopener\">including from Arab investors<\/a>. <\/li>\n<li><strong>Apple\u2019s Vision Pro is still having a moment<\/strong>, with tech pundits variously talking about <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/tech\/personal-tech\/apples-new-face-computer-is-for-work-788e2750\" style=\"\" rel=\"noopener\">how it is really for work<\/a>, an <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2024-02-11\/apple-vision-pro-review-3-499-headset-will-eventually-replace-the-ipad-lshk59z1\" style=\"\" rel=\"noopener\">eventual (not now) iPad replacement<\/a>, and changing social norms about <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/tech\/personal-tech\/wearing-the-apple-vision-pro-headset-9a31de69\" style=\"\" rel=\"noopener\">walking around wearing a face computer<\/a>. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> HAPPENING THIS WEEK<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Dubai will also host the three-day <\/strong><strong><a target=\"_blank\" href=\"https:\/\/10times.com\/e1x3-42g7-krkg\" style=\"\" rel=\"noopener\">Future Warehouse & Logistics 2024<\/a><\/strong><strong> Conference <\/strong><strong>starting tomorrow<\/strong><strong>.<\/strong> On the agenda: How to boost resilience and overcome challenges, with discussions on disruptions, sustainability, internet of things, 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>#2- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.fifa.com\/fifaplus\/en\/tournaments\/mens\/beachsoccerworldcup\/united-arab-emirates-2024\" style=\"\" rel=\"noopener\">FIFA Beach Soccer World Cup<\/a><\/strong><strong> 2024<\/strong><strong>will kick off this Thursday at Dubai<\/strong><strong> International <\/strong><strong>Stadium<\/strong>, before wrapping on Sunday, 25 February. The tournament will see 16 beach soccer teams, including the United Arab Emirates, battling it out for this year's cup. <\/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 POINT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirati startups pooled the most investments in January, raising some USD 47 mn<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2024\/02\/mena-startups-raised-865-million-january-2024\" style=\"\" rel=\"noopener\">Wamda<\/a> reports. UAE-based traveltech startup Tumodo's <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/131535d0-0e58-432f-b452-8f0762f11854\" style=\"\" rel=\"noopener\">pre-seed round<\/a> accounted for USD 35 mn, making it the largest funding round of the month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MENA startups raised USD 86.5 mn across 33 funding rounds during the month<\/strong>, marking a 34% y-o-y decreasein comparison to January 2022. Fifteen startups from Saudi Arabia collectively raised USD 11 mn, while Egyptian startups secured USD 23 mn across seven funding rounds.<\/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>The Shams Creative Fest will take place from this Friday to next Sunday, 16-18 February <\/strong><strong>at the Shams <\/strong><strong>Business Center in Sharjah<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/en\/Articles\/2024\/02\/09\/Shams-Creative-Fest-kicks-off-on-February-16-18\" style=\"\" rel=\"noopener\">Sharjah24<\/a> reports. The festival aims to support small and medium-sized projects and entrepreneurs and help them access local and regional markets. It will include arts and musical events, cultural and entertainment workshops, and competitions. <\/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:\/\/investopia.ae\/\" style=\"\" rel=\"noopener\">Investopia Summit<\/a><\/strong><strong> will take place from Wednesday, 28 February, to Thursday, 29 <\/strong><strong>February<\/strong>, in Abu Dhabi. The two-day event will run under the theme \u201cEmerging Economic Frontiers: Investing in Fast-Growing Sectors in the New Economy,\u201d gathering investors, government officials, and entrepreneurs to explore investments in strategic markets.<\/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\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/road-and-transport-authority\/\">Road and Transport Authority<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/world-government-summit\/\">World Government Summit<\/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=\"88924\" 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=\"88924\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/how-to-face-economic-headwinds-according-to-georgieva\/\">\r\n                            How to face economic headwinds, according to the IMF\u2019s Georgieva                        <\/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\/02\/12\/how-to-face-economic-headwinds-according-to-georgieva\/\" 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\/02\/12\/how-to-face-economic-headwinds-according-to-georgieva\/')\">\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\/02\/12\/how-to-face-economic-headwinds-according-to-georgieva\/\">\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=How to face economic headwinds, according to Georgieva&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/how-to-face-economic-headwinds-according-to-georgieva\/\">\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\/02\/12\/how-to-face-economic-headwinds-according-to-georgieva\/&title=How to face economic headwinds, according to Georgieva\">\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=How+to+face+economic+headwinds%2C+according+to+Georgieva+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F12%2Fhow-to-face-economic-headwinds-according-to-georgieva%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\/02\/12\/how-to-face-economic-headwinds-according-to-georgieva\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/947.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88925\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/how-to-face-economic-headwinds-according-to-georgieva\/947-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/947.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"947.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/947.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/947.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88924\" class=\"content-area-description single-story post-88924 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-uae tag-imf tag-kristalina-georgieva 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\/2\/.625c5f34-0b9e-4387-b1ee-1e85a2d174d1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Three courses of action could help the region withstand economic headwinds <\/strong><strong>and uncertainties resulting from geopolitical conflict and crises<\/strong>, IMF Managing Director Kristalina Georgieva said during her <a target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2024\/02\/11\/sp-md-eighth-annual-arab-fiscal-forum\" style=\"\" rel=\"noopener\">keynote speech<\/a> at the Arab Fiscal Forum in Dubai yesterday:<\/p>\n<ul>\n<li><strong>Phasing out energy subsidies could save the region USD 336 bn <\/strong>and help address pollution and improve social spending;<\/li>\n<li><strong>Implementing tax reforms and diversifying away from hydrocarbon revenues<\/strong> is also key; and<\/li>\n<li><strong>Improving state-owned companies\u2019 performance. <\/strong><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Support from GCC countries \u2014 and the IMF \u2014 will also be crucial for the region moving forward<\/strong>, the IMF head said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The IMF recently <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/21492e0c-4252-4e18-8696-f420040fffcd\" style=\"\" rel=\"noopener\">lowered<\/a><\/strong><strong> its MENA growth outlook for the year by 0.5<\/strong><strong> percentage points<\/strong>, now expecting regional growth to pick up to 2.9% in 2024 from 2.0% the year before. The Fund pointed to temporary oil cuts in Saudi Arabia as the main driver behind the slashed outlook.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Georgieva lauded the Emirates\u2019 strong economic performance during a meeting <\/strong><strong>with Prime Minister Sheikh Mohammed bin Rashid Al Maktoum, <\/strong>where they discussed the bilateral relations between the UAE and the IMF, how the Emirates can contribute to the advancement of global business, and the role of the World Government Summit (WGS) as a platform for addressing global challenges, according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/February\/11-02\/Mohammed-bin-Rashid-meets-with-IMF-Managing\" style=\"\" rel=\"noopener\">statement<\/a> from the Dubai Media Office. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The prime minister also met with World Economic Forum chairman Klaus Schwab<\/strong> to discuss the role of the WGS as a platform for fostering international cooperation and the importance of intergovernmental coordination in confronting global challenges, according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/February\/11-02\/Mohammed-bin-Rashid-meets-with-Klaus-Schwab\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kristalina-georgieva\/\">Kristalina Georgieva<\/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=\"88926\" 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=\"88926\">\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\">TRANSPORT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/flying-taxis-are-coming\/\">\r\n                            Flying taxis are coming to the UAE in 2026                        <\/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\/02\/12\/flying-taxis-are-coming\/\" 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\/02\/12\/flying-taxis-are-coming\/')\">\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\/02\/12\/flying-taxis-are-coming\/\">\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=Flying taxis are coming&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/flying-taxis-are-coming\/\">\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\/02\/12\/flying-taxis-are-coming\/&title=Flying taxis are coming\">\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=Flying+taxis+are+coming+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F12%2Fflying-taxis-are-coming%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\/02\/12\/flying-taxis-are-coming\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/936.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88927\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/flying-taxis-are-coming\/936-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/936.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"936.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/936.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/936.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88926\" class=\"content-area-description single-story post-88926 post type-post status-publish format-standard has-post-thumbnail hentry category-transport tag-aviation tag-enterpriseam-uae tag-manufacturing tag-tech tag-transport 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\/2\/.3ec36270-d935-4059-8941-259c26d2f36d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>RTA, Joby to bring air taxis to the UAE soon:<\/strong><a target=\"_blank\" href=\"https:\/\/www.rta.ae\/\" style=\"\" rel=\"noopener\">Dubai's<\/a><a target=\"_blank\" href=\"https:\/\/www.rta.ae\/\" style=\"\" rel=\"noopener\">Road and Transport Authority (RTA)<\/a> inked an agreement with electric aircraft developer <a target=\"_blank\" href=\"https:\/\/www.jobyaviation.com\/\" style=\"\" rel=\"noopener\">Joby Aviation<\/a> to launch air taxi services in the UAE by early 2026, Joby said in a <a target=\"_blank\" href=\"https:\/\/www.jobyaviation.com\/news\/joby-to-launch-air-taxi-service-uae\/\" style=\"\" rel=\"noopener\">statement<\/a>. The manufacturer, which was also handed the rights to operate in the emirate for six years, plans to begin initial operations as early as 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The air taxis will be stationed at vertiports<\/strong>, slated to be located in Dubai International Airport (DXB), Palm Jumeirah, Dubai Marina and Dubai Downtown. Joby signed an agreement with London-based air mobility company <a target=\"_blank\" href=\"https:\/\/skyports.net\/\" style=\"\" rel=\"noopener\">Skyports<\/a> to develop the four vertiports. Work on the vertiports will begin this year, with the DXN vertiport slated to be completed by the end of 2025, CEO of RTA\u2019s Public Transport Agency Ahmed Bahrozyan told <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/transport\/dubai-airport-to-palm-jumeirah-in-10-mins-air-taxis-expected-to-launch-in-2026-cut-travel-time\" style=\"\" rel=\"noopener\">Khaleej Times<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The taxis will be designed to carry a pilot and four passengers at speeds of up to 200 miles per hour, slashing journey times from DXB to Palm Jumeirah to 10 minutes, down from 45 minutes by car. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Starting small: <\/strong>Operations will begin with a fleet of six taxis, Bahrozyan said, as the authority gauges demand and begins to \u201csee what people are looking for.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Joby was among several smart mobility companies <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1e1eb5ef-6b34-4932-90be-6851471b118a\" style=\"\" rel=\"noopener\">setting up shop<\/a> in Abu Dhabi\u2019s smart and autonomous vehicles (SAVI) cluster at Masdar City in November 2023.<\/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\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/manufacturing\/\">MANUFACTURING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88928\" 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=\"88928\">\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\">DISPUTE WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/union-properties-reaches-aed-1-2-bn-settlement-agreements-with-dubailand-emirates-nbd\/\">\r\n                            Union Properties reaches AED 1.2 bn settlement agreements with Dubailand, Emirates NBD                        <\/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\/02\/12\/union-properties-reaches-aed-1-2-bn-settlement-agreements-with-dubailand-emirates-nbd\/\" target=\"_blank\">\n                    Open in new tab      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          <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/892.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88929\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/union-properties-reaches-aed-1-2-bn-settlement-agreements-with-dubailand-emirates-nbd\/892-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/892.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"892.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/892.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/892.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88928\" class=\"content-area-description single-story post-88928 post type-post status-publish format-standard has-post-thumbnail hentry category-dispute-watch tag-debt-watch tag-dispute-watch tag-dubai tag-emirates-nbd tag-enterpriseam-uae 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\/2\/.14b19709-e5b1-4ab9-933d-79607338687d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Motor City developer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/up.ae\/\" style=\"\" rel=\"noopener\">Union Properties<\/a><\/strong><strong> has reached settlement agreements with <\/strong><strong>Dubailand and Emirates NBD<\/strong> to settle its debt and repurpose some of its Motor City land for new projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The developer secured a no-objection certificate from Dubailand<\/strong>, granting it the right to repurpose its land in Motor City in exchange for a payment of AED 400 mn paid in installments over three years, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/827.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The developer will now apply for a change of usage permit from the zoning authority to develop additional residential zones and expand its gross floor area in the city, the developer said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Making use of the long-deserted F1 park land:<\/strong> Union Properties had plans to develop a USD 460 mn Formula One racing theme park, but scrapped the plan in 2009. It later had plans to revive the project in 2016, but a string of losses and <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/business-middle-east-dubai-united-arab-emirates-7b3256b861e6e11a314cfe2ff55cd1fa\" style=\"\" rel=\"noopener\">legal disputes<\/a>, as well as a deluge of park developments across Dubai, stalled the project. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- A no-objection certificate is a bureaucratic greenlight that allows <\/strong><strong>companies and developers to move forward with projects <\/strong>on the terms they have communicated. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher: <\/strong>Union Properties had filed a real estate claim against Dubailand in April, claiming that the developer declined to issue NOCs for the developer\u2019s projects in Motor City without any contractual basis, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/property\/union-properties-files-claim-against-dubailand-on-land-issue-in-motor-city-1.1681367682222\" style=\"\" rel=\"noopener\">Gulf News<\/a> previously reported. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The developer also reached a debt settlement agreement with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.emiratesnbd.com\/en\" style=\"\" rel=\"noopener\">Emirates NBD<\/a><\/strong><strong> that will <\/strong><strong>see it pay AED 850 mn within nine months of signing the agreement<\/strong>,the disclosure adds. The company was in talks with Emirates NBD in <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/property\/dubai-developer-union-properties-still-negotiating-with-emirates-nbd-on-debt-restructure-1.1678686453346\" style=\"\" rel=\"noopener\">March<\/a> to restructure its debt, after it turned to the black in 2022, compared with AED 966 mn in losses in 2021.It later <a target=\"_blank\" href=\"https:\/\/feeds.dfm.ae\/documents\/2023\/Dec\/22\/239300e4-f044-4a2a-99ae-f527445d587b\/Results%20of%20Board%20Decisions%20by%20Passing.pdf\" style=\"\" rel=\"noopener\">said in December (pdf)<\/a> that it plans to pay a \u201cnational bank\u201d somewhere between AED 825-875 mn over nine months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Union Properties is among several real estate developers still sifting through the aftermath of the 2009 property market correction in Dubai. The company has owed Emirates NBD USD 2 bn in debt repayments for years, and has since closed a USD 257.5 mn debt restructuring agreement back in <a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/industry\/real-estate\/union-properties-reaches-debt-restructuring-of-%2425754-million-with-emirates-nbd\" style=\"\" rel=\"noopener\">August 2020<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dispute-watch\/\">dispute watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/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=\"88930 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=\"88930\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/88930-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88930\" class=\"content-area-description single-story post-88930 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=\"88931\" 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=\"88931\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/expats-and-high-net-worth-individuals-expected-to-drive-growth-in-the-property-market-this-year-markaz\/\">\r\n                            Expats and high net worth individuals expected to drive growth in the property market this year -Markaz                        <\/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\/02\/12\/expats-and-high-net-worth-individuals-expected-to-drive-growth-in-the-property-market-this-year-markaz\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The rental market is also expected to remain stable during the first half of the year, the report added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI #1-<\/strong><strong>Most analysts expect real estate prices to continue to grow this year, <\/strong><strong>particularly in Dubai, albeit at a slightly slower rate<\/strong> from 2023. Real estate services firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/73d29163-be7f-4aae-98b1-b2ce7ce16b28\" style=\"\" rel=\"noopener\">Cushman & Wakefield expects<\/a> real estate prices to rise up to 12% y-o-y in Dubai, while S&P Global Ratings expects a 5-7% jump, with risk of a cyclical slowdown. Morgan Stanley also sees \u201ccontinued tailwinds\u201d for the market and thinks the market this year will be \u201cless of a boom than 2023.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI #2-<\/strong> We ran a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c7859e91-1b27-4af2-9988-e59791032e2c\/Could%20we%20see%20Dubai%20real%20estate%20prices%20cool%20down%20in%202024\" style=\"\" rel=\"noopener\">deep-dive<\/a> into the reasons behind the property price boom in 2023, and a breakdown of different analysts\u2019 and pundits\u2019 outlook for the market this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese investors to push Dubai\u2019s property market to growth: <\/strong>Chinese investors are turning to Dubai\u2019s luxury property segment amid pressure on the property market back home and an ease of travel restrictions, the report notes. In 1H 2023, Chinese investments made up 7% of total sales for Emaar Properties, doubling from 3-4% during the same period the year before.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A demand for limited office space could drive price growth in the market in both Dubai <\/strong><strong>and Abu Dhabi<\/strong>,the report adds. In 3Q 2023, the average occupancy rate in Dubai\u2019s office segment rose to 92.4%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The retail segment is expected to attract more landlords, who are becoming more <\/strong><strong>selective with tenant choice<\/strong>, as demand persists for \u201cquality assets,\u201d the report said. Dubai is expected to see more growth as malls begin to offer more amenities, while Abu Dhabi\u2019s growth will be driven by an increase in tourism activity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the downside, higher interest rates could impact mortgage demand<\/strong>, which could drive consumers towards rentals, the report said. The US Federal Reserve\u2019s higher-for-longer monetary policy \u2014 which the Central Bank of the UAE is expected to mirror due to the peg of the AED to the USD \u2014 could weigh on the demand for mortgage loans in the coming year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The hospitality sector is also expected to continue to grow<\/strong>, with the report forecasting an additional 6k rooms in Dubai and 200 rooms in Abu Dhabi to be rolled out by the end of the year, owing to the start of the winter season and more upcoming events.<\/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\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hospitality\/\">hospitality<\/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\/tourism\/\">tourism<\/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=\"88933\" 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=\"88933\">\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\">TAX<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/govt-signs-tax-treaties-with-bahrain-kuwait-and-egypt\/\">\r\n                            Gov\u2019t signs tax treaties with Bahrain, Kuwait, and Egypt                        <\/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\/02\/12\/govt-signs-tax-treaties-with-bahrain-kuwait-and-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The ministry and the Kingdom of Bahrain also signed an agreement to promote and \u201cprotect\u201d investments, according to the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Kuwait: <\/strong>The ministry signed an agreement with Kuwait yesterday to eliminate double taxation on income and capital taxes, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MOFUAE\/posts\/pfbid02hBdSAaonJUyCMH9yW7QDrsWpxTLirzMDRMQeTvcMAXEWaToyzPdndFtiGHqNdxMml?__cft__[0]=AZWdvwB2m8RJ59uMkQl4Pwvxa9CZgafVUgusItAh3g9AeJBDjG07Cg5bl4sGbv6sFi2AvZirnOgWJPtVHfqCGc8I_dJEfzI5_tCgNcPBUx4FRqfY_eGjd8X8hEzUIrKlH2EpkgErZxZf1qiThtA3N0bqOzUhperXSKTFjzk8DtufJDXK2tpXglEKFAmy3qyf9cVy7gWwou3092D0LI7dpTU2&__tn__=%2CO%2CP-R\" 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>#3- <\/strong><strong>Egypt<\/strong><strong>:<\/strong> TheFinance Ministry signed a supplementary agreement with Egypt\u2019s Finance Ministry yesterday to prevent double taxation between the two countries, according to the Egyptian ministry\u2019s <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0dAFLahqZohBz39chcpTiunyUD3hk64Ex8sVL5chLGSRrzU9jTg8HuDPezkZ1HkMfl?locale=ar_AR\" style=\"\" rel=\"noopener\">readout<\/a>. The original agreement was signed in November 2019 and ratified by Egypt\u2019s President Abdel Fattah El Sisi in June 2021.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aiming to attract Emirati investors and facilitate all business procedures<\/strong>, including tax and customs obstacles, Egypt signed the agreement to reel in more Emirati investments and businesses in Egypt, Egyptian Finance Minister Mohamed Maait told <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1lzyue-egypt-keen-develop-economic-investment-cooperation\" style=\"\" rel=\"noopener\">Wam<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt also explores bond issuances in GCC: <\/strong>As part of its efforts to diversify its economy and financing instruments, Egypt is currently studying issuing bonds in the GCC\u2019s stock markets to \u201cexpand the base and segments of international investors,\u201d Maait said, nodding to Egypt\u2019s efforts with the Emirates to further cooperation and explore potential joint projects between the two countries. <\/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\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tax\/\">tax<\/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=\"88935\" 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=\"88935\">\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\/02\/12\/more-companies-report-2023-earnings\/\">\r\n                            More companies report 2023 earnings: Aldar, Emirates Stallions Group, Yahsat, Rapco, Umm Al Quwain General Investments, and The National Investor                        <\/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\/02\/12\/more-companies-report-2023-earnings\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/more-companies-report-2023-earnings\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/more-companies-report-2023-earnings\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=More companies report 2023 earnings&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/more-companies-report-2023-earnings\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/more-companies-report-2023-earnings\/&title=More companies report 2023 earnings\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=More+companies+report+2023+earnings+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F12%2Fmore-companies-report-2023-earnings%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/more-companies-report-2023-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/901.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88936\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/more-companies-report-2023-earnings\/901-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/901.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"901.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/901.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/901.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88935\" class=\"content-area-description single-story post-88935 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-abu-dhabi tag-aldar tag-earnings-watch tag-emirates-stallions-group tag-enterpriseam-uae tag-rapco tag-ras-al-khaimah tag-the-national-investor tag-umm-al-quwain-general-investments tag-yahsat wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.21883306-844d-43b9-b2e8-a92d37fee01d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Aldar's net income rose 40% y-o-y to AED 4.4 bn in 2023<\/strong>, underpinned by record sales, robust demand, and an expanded investment portfolio, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/862.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company\u2019s revenues rose 26% y-o-y to AED 14.2 bn in 2023. Full-year sales increased 94% y-o-y to a record AED 27.9 bn, while its revenue backlog grew to a record AED 36.8 bn. Growth came on the back of expat buyers and international investors, as well as its expansion into Dubai, Ras Al Khaimah and the UK, the developer said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong><strong>In real estate, sales \u2260 revenues.<\/strong> With off-plan sales dominating the industry, most real estate companies book a sale when you sign a contract to buy a home. But they only record (some or all) of the value of the unit it sold you when it (a) delivers the unit to you or (b) hits a percentage completion on a total project. In most cases, then, revenues are composed of sales from past periods, while sales in a given quarter will be recognized as revenues in the future when units are completed or delivered.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Abu Dhabi-based real estate developer\u2019s net income stood at AED 1.4 bn in 4Q 2023<\/strong>, up 39% y-o-y, while revenues rose 40% y-o-y to AED 4.4 bn in 2023. Group sales hit AED 8.5 bn, up 65% y-o-y, marking Aldar\u2019s highest-ever quarterly sales.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> An \u201cAED 5 bn pipeline of \u2018develop-to-hold\u2019 assets across core segments and AED 1 bn investment in logistics set to bolster recurring-income streams and long-term capital appreciation,\u201d the developer said, adding that it is \u201cwell positioned for further expansion, centered on its home market.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> The company plans to dish out some AED 1.3 bn in dividends for 2023, according to the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Construction and real estate firm Emirates Stallions Group (ESG) reported a 316% y-o-y increase in net income<\/strong><strong>to <\/strong><strong>AED 687 mn <\/strong>in 2023, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/855.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The International Holding Company subsidiary saw a 70% y-o-y growth in revenues to AED 609 mn, primarily driven by an emphasis on high-value projects. Meanwhile, total assets grew 168% y-o-y, standing at AED 3.06 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An expanded scope: <\/strong>ESG ventured into new sectors last year, with acquisitions such as a majority stake in United International Group for manpower solutions, and an entrance into staff housing and real estate with investments in Kezad Communities and Afkar Financial & Property Investments. The company also launched ESG Hospitality to solidify its position in the hospitality sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong>\u201cESG remains committed to building on its current momentum, with a focus on sustainable growth, operational excellence, and strategic expansion to continue delivering exceptional value to both its shareholders and clients alike,\u201d reads the press release.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Yah Satellite Communications Company\u2019s (Yahsat) net income attributable to <\/strong><strong>shareholders<\/strong><strong> rose 68% y-o-y to AED 405 mn in 2023<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/840.pdf\" style=\"\" rel=\"noopener\">company\u2019s unaudited financials (pdf)<\/a>. The company\u2019s revenues also rose 5.5% y-o-y to AED 1.68 bn, driven by expansions across all operating segments, and in particular mobility solutions, the company said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/rapcoinvestment.ae\/\" style=\"\" rel=\"noopener\">Ras Al Khaimah Poultry & Feeding Co. (Rapco Investment)<\/a><\/strong><strong> turned to the black in <\/strong><strong>2023<\/strong>, recording a bottom line of AED 16.2 mn after reporting losses of nearly AED 561k in 2022, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/841.pdf\" style=\"\" rel=\"noopener\">company\u2019s preliminary results brief (pdf)<\/a>. Rapco collected AED 11.5 mn in income from investments last year, up 16% y-o-y. The company attributes the profitability to the commencement of hospitality operations in 4Q 2022, the brief adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/qic-uaq.ae\/\" style=\"\" rel=\"noopener\">Umm Al Quwain General Investments<\/a><\/strong><strong> saw its bottom line fall 45% y-o-y to AED 27<\/strong><strong> mn in 2023<\/strong> due to a one-off gain from a share sale in 2022, as well as a decline in unrealized income on the back of a revaluation of investments, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/844.pdf\" style=\"\" rel=\"noopener\">company\u2019s preliminary results (pdf)<\/a>. Revenues declined 38.5% y-o-y to AED 35.1 mn in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi-based investment firm <\/strong><strong><a target=\"_blank\" href=\"http:\/\/www.tni.ae\/\" style=\"\" rel=\"noopener\">The National Investor<\/a><\/strong><strong> narrowed its net losses in <\/strong><strong>2023 to<\/strong><strong> AED 476k<\/strong>, down from a net loss of AED 27.2 mn in 2022, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/849.pdf\" style=\"\" rel=\"noopener\">company\u2019s preliminary results (pdf)<\/a>. The company also saw its revenues rise to AED 4.9 mn last year, compared to a loss of AED 20.8 mn in 2022.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aldar\/\">Aldar<\/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\/emirates-stallions-group\/\">Emirates Stallions Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/rapco\/\">Rapco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ras-al-khaimah\/\">Ras Al Khaimah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/the-national-investor\/\">The National Investor<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/umm-al-quwain-general-investments\/\">Umm Al Quwain General Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/yahsat\/\">Yahsat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88937\" 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 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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=\"88938\" 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=\"88938\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/chinese-private-equity-fund-cmc-capital-opens-abu-dhabi-office\/\">\r\n                            Chinese private equity fund CMC Capital opens Abu Dhabi office                        <\/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\/02\/12\/chinese-private-equity-fund-cmc-capital-opens-abu-dhabi-office\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n     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href=\"https:\/\/api.whatsapp.com\/send?text=Chinese+private+equity+fund+CMC+Capital+opens+Abu+Dhabi+office+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F12%2Fchinese-private-equity-fund-cmc-capital-opens-abu-dhabi-office%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\/02\/12\/chinese-private-equity-fund-cmc-capital-opens-abu-dhabi-office\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/902.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88939\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/chinese-private-equity-fund-cmc-capital-opens-abu-dhabi-office\/902-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/902.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"902.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/902.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/902.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88938\" class=\"content-area-description single-story post-88938 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-abu-dhabi-global-market tag-enterpriseam-uae tag-private-equity tag-the-telegraph tag-uae-in-the-news tag-uk 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\/2\/.32b00e2a-50de-4378-b491-bd4523a755c1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese CMC Capital sets up Abu Dhabi office: <\/strong>Shanghai-based private equity fund CMC Capital Partners has become the latest financial heavyweight to open an office in the Abu Dhabi Global Market, according to the fund\u2019s <a target=\"_blank\" href=\"https:\/\/www.cmccap.com\/en\/about\" style=\"\" rel=\"noopener\">website<\/a>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-09\/man-city-backer-li-ruigang-opens-abu-dhabi-outpost-for-pe-firm\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Telegraph takeover saga continues:<\/strong> \u201cRight-wing\u201d calls to block Abu Dhabi-backed RedbirdIMI\u2019s takeover of The Telegraph will do more harm than good to the British newspaper, Simon Nixon writes in an <a target=\"_blank\" href=\"https:\/\/www.independent.co.uk\/voices\/abu-dhabi-telegraph-spectator-private-equity-b2494401.html\" style=\"\" rel=\"noopener\">op-ed for The Independent<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-global-market\/\">Abu Dhabi Global Market<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/private-equity\/\">private equity<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uk\/\">UK<\/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=\"88940\" 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=\"88940\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/us-slaps-more-uae-based-shipping-firms-with-sanctions\/\">\r\n                            US slaps more UAE-based shipping firms with sanctions, Russia-Ukraine war,                        <\/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 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href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/us-slaps-more-uae-based-shipping-firms-with-sanctions\/\">\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=US slaps more UAE-based shipping firms with sanctions&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/us-slaps-more-uae-based-shipping-firms-with-sanctions\/\">\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\/02\/12\/us-slaps-more-uae-based-shipping-firms-with-sanctions\/&title=US slaps more UAE-based shipping firms with sanctions\">\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=US+slaps+more+UAE-based+shipping+firms+with+sanctions+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F12%2Fus-slaps-more-uae-based-shipping-firms-with-sanctions%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\/02\/12\/us-slaps-more-uae-based-shipping-firms-with-sanctions\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1378.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88941\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/us-slaps-more-uae-based-shipping-firms-with-sanctions\/1378-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1378.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1378.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1378.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1378.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88940\" class=\"content-area-description single-story post-88940 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-business tag-dubai-civil-defense tag-energy tag-enterpriseam-uae tag-healthcare tag-infrastructure tag-logistics tag-shipping 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\/2\/.1b5fc84b-0775-4227-ab48-78f9cb177e9b.mp3\"><\/audio><\/figure><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>US Treasury sanctions three more Emirati oil traders and shippers: <\/strong>The US Treasury Department\u2019s Office of Foreign Assets Control (OFAC) imposed sanctions on UAE-based Zeenit Supply and Trading, Talassa Shipping, and Dubai-based Oil Tankers (SCF) Management for breaching the USD 60 \/ bbl price cap on Russian crude oil exports, the OFAC said in a <a target=\"_blank\" href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy2085\" style=\"\" rel=\"noopener\">statement<\/a> on Thursday. Under the sanctions, the companies\u2019 US assets will be frozen, and American companies will be barred from engaging in any business with them.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The US has previously sanctioned four UAE shipowners accused of violating the USD 60 \/ bbl price cap on Russian crude oil exports this past <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/38ad0745-4383-44ef-a9e0-3f7deb3f12fd\" style=\"\" rel=\"noopener\">January<\/a> and <a target=\"_blank\" href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy1915\" style=\"\" rel=\"noopener\">November<\/a> 2023. <\/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>Dana Gas is planning to reinvest USD 58 mn of its receivables in Egypt to<\/strong><strong> drill more wells<\/strong> and increase production, the company\u2019s CEO Richard Hall told Asharq Business (<a target=\"_blank\" href=\"https:\/\/twitter.com\/AsharqbEGY\/status\/1755503806761066819?s=20\" style=\"\" rel=\"noopener\">watch, runtime: 0:31<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Dana Gas <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/92d64315-b5aa-4c9c-8409-26fbcabc9029\" style=\"\" rel=\"noopener\">said<\/a> in November that it plans to invest USD 43 mn in Egypt in 2024, as part of an \u201cintensive\u201d natural gas drilling program. The company said it wants to drill 11 development wells and three exploratory wells in 2024, with the aim of increasing production by some 30 mn cubic feet per day.<\/p>\n<p class=\"tag-border-left\">M&A-  <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amethis gets a piece of BBI:<\/strong> Africa-focused investment fund manager <a target=\"_blank\" href=\"https:\/\/amethis.com\/en\/home\/\" style=\"\" rel=\"noopener\">Amethis<\/a> has acquired an undisclosed minority stake in UAE-based data management consultancy <a target=\"_blank\" href=\"https:\/\/bbi.ai\/\" style=\"\" rel=\"noopener\">BBI<\/a> via its MENA Fund II, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/890.pdf\" style=\"\" rel=\"noopener\">joint press release (pdf)<\/a>. The move will help BBI expand its geographical coverage and offer more services, the statement read. BBI currently operates in the UAE, Egypt, Algeria, and Saudi Arabia.<\/p>\n<p class=\"tag-border-left\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The world\u2019s first mobile marine station was launched in Dubai<\/strong>, courtesy of the <a target=\"_blank\" href=\"https:\/\/www.dcd.gov.ae\/\" style=\"\" rel=\"noopener\">Dubai Civil Defense<\/a>, reports the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/February\/09-02\/Dubai-Civil-Defense-launches-the-worlds-first-mobile-floating-fire-station\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The floating station travels at 11 miles per hour with up to 16 individuals onboard, aiming to reduce response times to maritime incidents to four minutes. It is considered to be 70% more cost effective than traditional marine posts.<\/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><a target=\"_blank\" href=\"https:\/\/dubaihealth.ae\/\" style=\"\" rel=\"noopener\">Dubai Health<\/a><\/strong><strong> launched its new prenatal pediatrics center<\/strong> at the Latifa Hospital in partnership with Dubai-based holding company <a target=\"_blank\" href=\"https:\/\/www.altayer.com\/\" style=\"\" rel=\"noopener\">Al Tayer Group<\/a> to provide maternity care for expecting mothers and high-risk pregnancies, aiming to establish the center as a \u201chub for discovery, fostering research and innovation,\u201d according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/February\/09-02\/Dubai-Health-and-Al-Tayer-Group\" style=\"\" rel=\"noopener\">Dubai Media Office<\/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\">BUSINESS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sharjah + Oman chambers of commerce want to boost investment and <\/strong><strong>business cooperation:<\/strong> The Sharjah Chamber of Commerce and Industry (SCCI) and the Oman Chamber of Commerce and Industry (OCCI) discussed startup growth and capitalizing on the potential of the tourism and commerce sectors during a meeting yesterday, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1lzyiy-scci-oman-chamber-discuss-boosting-cooperation\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The two sides also discussed organizing commercial events and trade delegation exchanges to increase economic cooperation. <\/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\/business\/\">business<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-civil-defense\/\">Dubai Civil Defense<\/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\/healthcare\/\">Healthcare<\/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\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/shipping\/\">shipping<\/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=\"88942\" 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=\"88942\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/sp-could-be-on-a-tear-this-year\/\">\r\n                            S&amp;P could be on a tear this year                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/sp-could-be-on-a-tear-this-year\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The blue-chip index has traditionally reached numerous all-time highs within a year of hitting a previous record in cases where over a year had elapsed since its last peak \u2014 and this pattern has held since 1950, Truist Advisory Services\u2019 Keith Lerner told the salmon-colored paper. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Tech companies partake in mass layoffs as they shift their focus to AI: <\/strong>Some 138 tech firms such as Microsoft, eBay, and PayPal have already laid off around 34k employees since the start of January to put more money towards generative artificial intelligence, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/9bace2e9-3ecb-4651-a6c0-b16f0226c0e0\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported. <\/p>\n<p><a target=\"_blank\" id=\"t.36e1c5bc674fe452392918fc05434faf83a9ec64\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,344<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: -2.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,183<\/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: +3.1%)<\/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>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3,718<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: -3.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.0% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.1% 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\">12,209<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +2.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">28,199<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.8% (YTD: +13.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,027<\/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: +5.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,573<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: -2.1%)<\/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>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\">4,716<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +4.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 82.19<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 1.85<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.7%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;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 2,039<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 48,204<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1% (YTD: +13.9%)<\/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 rose 0.6% at yesterday\u2019s close<\/strong> on turnover of AED 260.7 mn. The index is up 3.1% 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>Shuaa Capital (+9.3%), Emirates Reem Investments Company (+3.9%) and Emaar Development (+3.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>International Financial Advisors (-9.9%), Al Firdous Holdings (-3.9%) and Ithmaar Holding (-2.0%). <\/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 down 0.2% on turnover of AED 168.0 mn, while <strong>Nasdaq Dubai<\/strong> closed up 0.1%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are quiet this morning \u2014 and will likely remain so for the week <\/strong>asChina is closed for a weeklong Lunar New Year holiday. Exchanges in Hong Kong, Shanghai, and Korea are all off today. The Nikkei is up slightly, and futures suggest a mixed open in Europe and on Wall Street. <\/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\/wall-street\/\">Wall Street<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88944\" 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=\"88944\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/12\/uae-mediates-third-prisoner-exchange-between-russia-and-ukraine\/\">\r\n                            UAE mediates third prisoner exchange between Russia and Ukraine                        <\/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\/02\/12\/uae-mediates-third-prisoner-exchange-between-russia-and-ukraine\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The Emirates previously mediated the exchange of 207 Ukrainian prisoners for 195 Russian prisoners at the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/49d48516-47f0-49f7-97b7-4082ee94ce43\/UAE-mediates-another-Russia-Ukraine-prisoner-swap\" style=\"\" rel=\"noopener\">start of the month<\/a>, and the swap of 200 Ukrainian prisoners for 248 Russian prisoners <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dcdd6691-aee7-428a-a80b-dc454c40b17a\" style=\"\" rel=\"noopener\">earlier in January<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Foreign Affairs Ministry <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/mediahub\/news\/2024\/2\/10\/10-2-2024-uae-ghaza\" style=\"\" rel=\"noopener\">warned<\/a><\/strong><strong> that a military operation in Rafah could lead to<\/strong><strong> \u201cserious humanitarian repercussions,\u201d<\/strong>urging immediate international action to achieve a ceasefire and prevent escalation of the situation after Israel <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-hamas-war-news-02-10-2024-2d80dc890a5030757e2ae76684fa75da\" style=\"\" rel=\"noopener\">killed at least 44 Palestinians<\/a> as it launched airstrikes in Rafah on Saturday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan emphasized the need for unified <\/strong><strong>Arab action and cooperation with international partners to address regional challenges<\/strong>, particularly the crisis in Gaza, at the Arab consultative ministerial meeting on Gaza in Riyadh last Friday, according to a <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2024\/2\/9\/9-2-2024-uae-gaza\" style=\"\" rel=\"noopener\">ministry statement<\/a>. High-ranking officials from Qatar, Jordan, Egypt, and the Palestinian Authority attended the meeting. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/russia-ukraine-war\/\">Russia-Ukraine war<\/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=\"88946\" 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\/02\/12\/88946-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88946\" class=\"content-area-description single-story post-88946 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\">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;\">1-15 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>2-29 February (Friday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.rakart.ae\/2024-festival\" style=\"\">Ras Al Khaimah Art 2024 Festival<\/a><\/span><span style=\"font-weight:400;\">, Al Jazeera Al Hamra.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-18 February (Wednesday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sharjahlightfestival.ae\/\" style=\"\">Sharjah Light Festival<\/a><\/span><span style=\"font-weight:400;\">, Sharjah Police Headquarters. <\/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;\">8-14 February (Thursday-Wednesday): UAE Innovates 2024, Ajman and Umm Al Quwain.<\/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;\">15-25 February (Thursday-Sunday): FIFA Beach Soccer World Cup 2024, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">15-21 February (Thursday-Wednesday): UAE Innovates 2024, Sharjah, Ras Al Khaimah, and Fujairah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 February (Friday-Sunday): The Shams <\/span><span>Creative <\/span><span style=\"font-weight:400;\">Fest, Shams Business Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17 February (Saturday): UAE President Cup for Purebred Arabian Horses, Abu Dhabi Equestrian Club<\/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>18 February (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/adsc.ae\/events\/run-ride-and-feel-alive-in-abu-dhabi\/\" style=\"\">Abu Dhabi Run and Ride<\/a><\/span><span>, Abu Dhabi Corniche.<\/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;\">22-29 February (Thursday-Thursday): UAE Innovates 2024, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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;\">23 February-3 March (Friday-Sunday): Sikka Art and Design Festival, 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;\">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>25 February-2 March (Sunday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/abudhabidesertchallenge.com\/\" style=\"\">Abu Dhabi Desert Challenge 2024<\/a><\/span><span style=\"font-weight:400;\">, Al Dhafra Region.<\/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>28-29 February (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/investopia.ae\/\" style=\"\">Third Investopia Summit<\/a><\/span><span style=\"font-weight:400;\">, 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 February - 1 March (Wednesday-Friday): MENA Transport Congress and Exhibition 2024, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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;\">1-3 March (Friday-Sunday): Art Dubai, Madinat Jumeirah. <\/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>5-7 March (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dealmiddleeastshow.com\/\" style=\"\">Dubai Entertainment Amusement & Leisure Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center. <\/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>8-9 March (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/abudhabi.triathlon.org\/#:~:text=Taking%20place%20on%208%2D9,and%20cycling%20races%3B%20and%20enjoy\" style=\"\">World Triathlon Championship Series 2024 Opening Race<\/a><\/span><span style=\"font-weight:400;\">, Yas Marina Circuit on Yas 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;\">11\/12 March (Monday\/Tuesday): Start of Ramadan.<\/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>TBC April: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/posts\/driftx_driftx-smartautonomoustechnology-urbanmobility-activity-7155243737772613633-c5C_\/\" style=\"\">DRIFTx<\/a><\/span><span style=\"font-weight:400;\">, 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;\">9\/10 April (Tuesday\/Wednesday): 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;\">8-12 April (Monday-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>6-7 May (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaifintechsummit.com\/\" style=\"\">Dubai Fintech Summit 2024<\/a><\/span><span style=\"font-weight:400;\">, Madinat Jumeirah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aimcongress.com\/\" style=\"\">AIM Congress<\/a><\/span><span style=\"font-weight:400;\"> 2024, 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;\">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>Break out your umbrella | IMF\u2019s Georgieva on facing headwinds | Flying taxis in 2026? Aldar\u2019s record 2023 | World Gov\u2019t Summit begins today.<\/p>\n","protected":false},"featured_media":88921,"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-88920","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"45bff422-6aef-41f5-bd13-0fce03beb4d9","teaser":"Break out your umbrella | IMF\u2019s Georgieva on facing headwinds | Flying taxis in 2026? 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