{"id":89018,"date":"2024-02-14T00:00:00","date_gmt":"2024-02-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=89018"},"modified":"2025-12-14T23:29:21","modified_gmt":"2025-12-14T23:29:21","slug":"lots-of-agreements-with-india-plus-happy-valentines-day","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/lots-of-agreements-with-india-plus-happy-valentines-day\/","title":{"rendered":"Lots of agreements with India. PLUS: Happy Valentine\u2019s Day"},"content":{"rendered":"<section id=\"89020\" 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=\"89020\">\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\/14\/its-the-last-day-of-the-world-governments-summit\/\">\r\n                            THIS MORNING: It\u2019s the last day of the World Governments Summit                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div 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      \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/its-the-last-day-of-the-world-governments-summit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/514.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89021\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/its-the-last-day-of-the-world-governments-summit\/514-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/514.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"514.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/514.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/514.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89020\" class=\"content-area-description single-story post-89020 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-abu-dhabi tag-debt tag-dubai tag-enterpriseam-uae tag-finance-ministry tag-what-were-tracking-today tag-world-governments-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\/.377a202c-49b6-41dc-84eb-7eba0e83db25.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, ladies and gentlemen, and welcome to a very packed Wednesday issue.<\/strong>It\u2019s peak earnings season, but it\u2019s also Valentine\u2019s Day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>If you\u2019re still thinking about date night options, might we suggest taking a skim through the latest list of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.theworlds50best.com\/mena\/en\/lists\/1-50\" style=\"\" rel=\"noopener\">MENA\u2019s 50 Best Restaurants<\/a><\/strong><strong>?<\/strong> Four of the five top-ranked restaurants in the list are in Dubai (which hosts 19 of the 50 best restaurants in the region), while Abu Dhabi is also home to three of the ranked restaurants. <\/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>THE BIG STORY here at home is the UAE signing several agreements with India<\/strong> at the World Governments Summit yesterday as Indian Prime Minister Narendra Modi is in town. The two countries signed an agreement to push forward with plans of setting up a trade corridor, as well as several other agreements. We have the full rundown in this morning\u2019s news well, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s the third and last day of the World Governments Summit.<\/strong> Yesterday brought a packed AI-focused agenda, including panel discussions hosting Nobel Prize Laureate Serge Haroche and Microsoft\u2019s Greg Wilson, among others, as well as a speech from OpenAI CEO Sam Altman (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=15UZCAr3shU\" style=\"\" rel=\"noopener\">watch, runtime: 38:53<\/a>). Yesterday\u2019s speakers also included Turkish President Recep Tayyip Erdo\u011fan (<a target=\"_blank\" href=\"https:\/\/x.com\/WorldGovSummit\/status\/1757451955574542647?s=20\" style=\"\" rel=\"noopener\">watch, runtime: 0:59<\/a>), as well as President of Zimbabwe Emmerson Mnangagwa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>HIGHLIGHT REEL- Altman thinks the UAE could become the world\u2019s AI \u201cregulatory <\/strong><strong>sandbox,\u201d <\/strong>as the country has an ideal environment to create unified policies that can help address the challenges of getting \u201call the regulatory ideas right in a vacuum,\u201d he told Minister of State for AI Omar Al Olama, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-13\/openai-s-altman-says-uae-could-be-an-ai-sandbox-for-the-world\" 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>AND- <\/strong><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mbrsg.ae\/home\" style=\"\" rel=\"noopener\">Mohammed Bin Rashid School of Government (MBRSG)<\/a><\/strong><strong> launched the latest <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mbrsg.ae\/home\/research\/economic-policy\/global-economic-diversification-index-2024\" style=\"\" rel=\"noopener\">Global Economic Diversification Index<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mbrsg.ae\/home\/research\/economic-policy\/global-economic-diversification-index-2024\" style=\"\" rel=\"noopener\">(pdf)<\/a><\/strong><strong> at the summit.<\/strong> The latest EDI, which includes digital trade-specific indicators for the first time, evaluates and ranks 112 countries across 25 quantitative indicators, including economic activities, international trade patterns, and government revenue composition. The US, China, and Germany took the top three spots in the ranking, while the UAE came in at #70 with a score of 95.7.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to expect on Day Three: <\/strong>Today\u2019s agenda focuses on government services, reimagining development and future economies, public development and Arab public administration, industry and advanced technology, generative AI, geotechnology and policy, and government acceleration and transportation forum. 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 class=\"tag-border-left\"> HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- UAE Innovates 2024 wraps its Ajman and Umm Al Quwain leg today<\/strong>, and will head to Sharjah, Ras Al Khaimah, and Fujairah tomorrow. The event\u2019s last stop will be Dubai, running from 22-29 February, reports state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b1fg748-uae-innovates-2024-nationwide-celebration\" 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>#2- It\u2019s the third and penultimate day of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/10times.com\/e1x3-42g7-krkg\" style=\"\" rel=\"noopener\">Future Warehouse & Logistics 2024<\/a><\/strong><strong> Conference.<\/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>#3- The Ajman Department of Tourism Development UK roadshow continues<\/strong>,showcasing the emirate\u2019s cultural offerings to reel in British tourists and investors in the tourism sector, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/travel-and-tourism\/ajman-tourism-to-hold-roadshow-in-uk-kc2yezxa\" style=\"\" rel=\"noopener\">press release<\/a>. The campaign stops in Glasgow, Birmingham, and London before wrapping tomorrow.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> HAPPENING THIS WEEK<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/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 tomorrow 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<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 ANNOUNCEMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>You can now request service for rain-damaged vehicles online: <\/strong>Car owners whose vehicles were damaged due to extreme weather conditions or natural disasters can now apply for a service certificate online, without having to bring their cars in for inspection, according to a <a target=\"_blank\" href=\"https:\/\/www.dubaipolice.gov.ae\/wps\/portal\/home\/mediacenter\/news\/newsdetails\/az134?lang=en\" style=\"\" rel=\"noopener\">statement<\/a>. Owners must pay an AED 95 fee and attach a photo of their damaged cars before receiving the electronic certificate 1-2 business days later.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> DATA POINT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Dubai's healthcare ins. portal processed 143.3 mn transactions worth over AED 21.68 <\/strong><strong>bn <\/strong><strong>in 2023<\/strong>, according to a Dubai Health Authority <a target=\"_blank\" href=\"https:\/\/www.dha.gov.ae\/en\/media\/news\/878\" style=\"\" rel=\"noopener\">statement<\/a>. The portal processed 44.1 mn ins. claims over the course of the year, up from 3.67 mn claims the year prior. Some 4.5 mn people in Dubai are covered by healthcare ins., with access to over 12.2k plans from 71 ins. companies, according to the report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#2-<\/strong><strong>Only 3% of businesses in the Middle East are on track to reach their sustainability <\/strong><strong>goals<\/strong>, despite 70% of businesses claiming to integrate sustainability in their business models, Bain & Company found in a survey conducted at the World Government Summit, according to state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1n6tqp-wgs-2024-mena-organisations-must-turn-corporate\" style=\"\" rel=\"noopener\">Wam<\/a>. \u201cThe gap between ambition and action occurs despite universal agreement on the case for change,\u201d Bain Senior Partner Samer Bohsali said, adding that 90% of executives find the need for more sustainable operations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>The Central Bank of the UAE\u2019s (CBUAE) latest AED-denominated T-Sukuk auction <\/strong><strong>was 6.9x <\/strong><strong>oversubscribed, pooling AED 7.6 bn in bids<\/strong>, the <a target=\"_blank\" href=\"https:\/\/twitter.com\/MOFUAE\/status\/1757437177682657446\" style=\"\" rel=\"noopener\">Finance Ministry said<\/a>. The three- and five-year tranches saw strong demand, with the T-Sukuk sold at 5 bps over US treasuries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The CBUAE launches regular AED-denominated Shariah-compliant sukuk auctions in a bid to strengthen the local currency\u2019s yield curve in capital markets. You can find more on the program <a target=\"_blank\" href=\"https:\/\/mof.gov.ae\/local-currency-islamic-sukuk-issuance\/\" style=\"\" rel=\"noopener\">here<\/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\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#1- The government is mulling the launch of treasury bonds for retail investors<\/strong> to \u201cencourage the culture of saving and investment,\u201d Finance Ministry Undersecretary Younis Haji Al Khoori told <a target=\"_blank\" href=\"https:\/\/www.skynewsarabia.com\/business\/1692798-%D8%A7%D9%84%D8%A7%D9%95%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%B7%D8%B1%D8%AD-%D8%B3%D9%86%D8%AF%D8%A7%D8%AA-%D8%AE%D8%B2%D9%8A%D9%86%D8%A9-%D9%85%D8%AE%D8%B5%D8%B5%D8%A9-%D9%84%D9%84%D8%A7%D9%94%D9%81%D8%B1%D8%A7%D8%AF\" style=\"\" rel=\"noopener\">Sky News Arabia<\/a> on the sidelines of the World Governments Summit. Plans to issue the retail t-bonds are currently being studied in coordination with the ADX and the DFM, with no date set for specific issuances. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Barakah plant to go online next month: <\/strong>The fourth and final reactor of theBarakah nuclear power plant will begin operations in March 2024, the UAE\u2019s Permanent Representative to the International Atomic Energy Agency Hamad Al Kaabi told <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1n6tkz-gradual-operation-unit-barakah-commence-march-uae\" style=\"\" rel=\"noopener\">Wam<\/a> yesterday. Final trials are currently underway, Federal Authority for Nuclear Regulation Director General Christer Viktorsson <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1n6u2q-barakah-unit-grid-connection-nears-electricity\" style=\"\" rel=\"noopener\">said<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Barakah was completed in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bb5591f8-ab8f-42c4-92a2-3297d709285e\" style=\"\" rel=\"noopener\">December<\/a><\/strong>after the Emirates Nuclear Energy Corporation\u2019s operating and maintenance subsidiary, Nawah Energy Company, concluded loading fuel assemblies into the fourth reactor, bringing Barakah, the UAE\u2019s first nuclear power plant, to the brink of operational capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- What Al Zeyoudi wants to see at this month\u2019s WTO meeting in Abu Dhabi:<\/strong> Foreign Trade Minister Thani bin Ahmed Al Zeyoudi is optimistic about the World Trade Organization\u2019s (WTO) upcoming ministerial meeting, from 26-29 February in Abu Dhabi, he told <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/ee75756e-5edc-4e1e-ad49-75917e66226d\" style=\"\" rel=\"noopener\">The Financial Times<\/a>. Although the rising tensions in the Red Sea due to Houthi attacks on cargo ships in Bab El Mandeb are an ongoing concern for global trade, it is unlikely to \u201covershadow\u201d the meeting, with Al Zeyoudi describing it as another business challenge \u201cwe have to be more and more resilient [against].\u201d He suggested the WTO use the conference as a chance to rebuild trust in its system and advance policy.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"uae\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s crickets out there this morning, friends. <\/strong>Two US-centric stories dominate the business and mainstream press alike on both sides of the Atlantic: <\/p>\n<ul>\n<li><strong>Nato: <\/strong>Joe Biden is blasting Donald Trump for \u201cun-American\u201d suggestions that it would be <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/383d1e9e-cc73-4d18-8aa6-e206015f4679\" style=\"\" rel=\"noopener\">just fine if Putin were to invade Nato allies<\/a> that don\u2019t pay their dues. A Trump national security advisor is doubling down on the idea: Don\u2019t hit your defense spending target and Nato won\u2019t ride to the rescue if you\u2019re invaded, he said. <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/trump-adviser-proposes-new-tiered-system-nato-members-who-dont-pay-up-2024-02-13\/\" style=\"\" rel=\"noopener\">The exclusive<\/a> is leading the front page of Reuters.<\/li>\n<li><strong>US politics: <\/strong>The House of Representatives has <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/republicans-aim-take-second-swing-mayorkas-impeachment-2024-02-13\/\" style=\"\" rel=\"noopener\">impeached a cabinet member for the<\/a><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/republicans-aim-take-second-swing-mayorkas-impeachment-2024-02-13\/\" style=\"\" rel=\"noopener\">first time since 1876<\/a> in what pundits are calling a partisan vote. Don\u2019t expect the Senate to follow suit. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Saudi, Emirati and Qatari sovereign funds may be in talks to join the African <\/strong><strong>Development Bank <\/strong>after Turkey became the first non-continental equity holder in the institution in December, <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/02\/13\/2024\/african-development-lender-looks-beyond-the-continent-for-investors\" style=\"\" rel=\"noopener\">Semafor reports<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FINALLY- It\u2019s election day in Indonesia<\/strong>, where some 100 mn people are expected to cast ballots. Former defense minister Prabowo Subianto looks set to become the next president of Southeast Asia\u2019s largest economy. <\/p>\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\/debt\/\">debt<\/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\/finance-ministry\/\">Finance Ministry<\/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-governments-summit\/\">World Governments 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=\"89022\" 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=\"89022\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/uae-india-to-launch-a-trade-corridor\/\">\r\n                            UAE + India ink pact on trans-continental trade route                        <\/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\/14\/uae-india-to-launch-a-trade-corridor\/\" target=\"_blank\">\n                    Open in new tab           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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/uae-india-to-launch-a-trade-corridor\/1280-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1280.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1280.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1280.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1280.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89022\" class=\"content-area-description single-story post-89022 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam-uae tag-india tag-investment tag-investment-watch tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.3bf9c076-a42b-4bc5-ba0a-0651669e878a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Major bilateral investments are in store for UAE, India: <\/strong>President Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi signed several agreements yesterday to encourage investments and cooperation across energy, technology, and trade between the two countries, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1n6u5s-uae-president-prime-minister-india-discuss\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agreements have been a long time coming: <\/strong>While the value of the agreements was not disclosed, news of the government planning to invest USD 50 bn in India this year \u2014 its second-largest trading partner \u2014 was reported by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-02\/abu-dhabi-weighs-investment-pledges-worth-50-billion-for-india\" style=\"\" rel=\"noopener\">Bloomberg<\/a> back in November.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The UAE and India will set up a multi-modal trade corridor linking Europe with India <\/strong><strong>through the Middle East<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india-uae-sign-pact-trans-continental-trade-corridor-2024-02-13\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india-uae-sign-pact-trans-continental-trade-corridor-2024-02-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. No further details about the agreement were made public. The corridor \u201cwould build on previous understandings and cooperation on this matter and foster India and the UAE cooperation furthering regional connectivity,\u201d India\u2019s External Affairs Ministry said in a <a target=\"_blank\" href=\"https:\/\/www.mea.gov.in\/press-releases.htm?dtl\/37620\/Prime_Ministers_meeting_with_the_President_of_the_UAE\" 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>Background:<\/strong> The corridor, which would connect India to Europe through the UAE, KSA, Jordan, and Israel, was initially announced on the sidelines of the <a target=\"_blank\" href=\"https:\/\/www.g20.in\/en\/g20-india-2023\/new-delhi-summit\/new-delhi-summit.html\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.g20.in\/en\/g20-india-2023\/new-delhi-summit\/new-delhi-summit.html\" style=\"\" rel=\"noopener\">G20 summit<\/a> in September. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The UAE will connect its instant payment platform AANI with India\u2019s UPI<\/strong> to \u201cfacilitate seamless cross-border transactions between the two countries,\u201d the statement read. The two states also agreed on connecting their domestic debit and credit cards to streamline the use of India\u2019s RuPay across the Emirates.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Other agreements signed include:<\/strong><\/p>\n<ul>\n<li>A bilateral investment treaty to serve as a \u201ckey enabler\u201d for boosting bilateral investments;<\/li>\n<li>Several MoUs to cooperate in energy and electricity interconnection, trade, and digital infrastructure; and<\/li>\n<li>A cooperation protocol between the National Library and Archives of the UAE and the National Archives of India on archival and historical material restoration <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Mubadala has its eyes on India:<\/strong> India is an \u201cinteresting\u201d market for innovation, with the world\u2019s largest population and one of the most digitized economies and steady GDP growth, Mubadala CEO Khaldoon Al Mubarak said at the World Governments Summit (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/video\/2024\/02\/12\/u-s-will-remain-aa-very-attractive-marketa-and-aa-hub-for-innovationa-group-ceo-of-mubadala-says.html?&qsearchterm=\" style=\"\" rel=\"noopener\">watch, runtime: 5:23<\/a>). The country\u2019s growth trajectory will be largely underpinned by infrastructure, Al Mubarak said, stressing that it\u2019s important to \u201ckeep a close eye\u201d on its growth story. <\/p>\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\/india\/\">India<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89024\" 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=\"89024\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/healthtech-firm-trudoc-acquires-mumbais-wellthy-therapeutics\/\">\r\n                            Healthtech firm TruDoc acquires Mumbai\u2019s Wellthy Therapeutics                        <\/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\/14\/healthtech-firm-trudoc-acquires-mumbais-wellthy-therapeutics\/\" 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\/14\/healthtech-firm-trudoc-acquires-mumbais-wellthy-therapeutics\/')\">\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\/14\/healthtech-firm-trudoc-acquires-mumbais-wellthy-therapeutics\/\">\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=Healthtech firm TruDoc acquires Mumbai\u2019s Wellthy Therapeutics&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/healthtech-firm-trudoc-acquires-mumbais-wellthy-therapeutics\/\">\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\/14\/healthtech-firm-trudoc-acquires-mumbais-wellthy-therapeutics\/&title=Healthtech firm TruDoc acquires Mumbai\u2019s Wellthy Therapeutics\">\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=Healthtech+firm+TruDoc+acquires+Mumbai%E2%80%99s+Wellthy+Therapeutics+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F14%2Fhealthtech-firm-trudoc-acquires-mumbais-wellthy-therapeutics%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\/14\/healthtech-firm-trudoc-acquires-mumbais-wellthy-therapeutics\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1237.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89025\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/healthtech-firm-trudoc-acquires-mumbais-wellthy-therapeutics\/1237-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1237.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1237.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1237.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1237.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89024\" class=\"content-area-description single-story post-89024 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseam-uae tag-healthcare tag-healthtech tag-ma-watch tag-pulsar-capital tag-trudoc 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\/.4bc2eb96-a245-4f20-bd2d-49cfe99f0f2e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-based h<\/strong><strong>ealthtech company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/trudocgroup.com\/\" style=\"\" rel=\"noopener\">TruDoc<\/a><\/strong><strong> has acquired Indian digital therapeutics <\/strong><strong>firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wellthytherapeutics.com\/\" style=\"\" rel=\"noopener\">Wellthy Therapeutics<\/a><\/strong><strong> for an undisclosed sum<\/strong>,according to a <a target=\"_blank\" href=\"https:\/\/www.wellthytherapeutics.com\/blog\/trudoc_acquires_wellthy_therapeutics\" style=\"\" rel=\"noopener\">press release<\/a>. TruDoc plans to integrate Wellthy Therapeutics\u2019 chronic disease management solutions into its virtual healthcare services, offering a more well-rounded platform targeting some 10 mn patients, the statement said. TruDoc is a Dubai-based telehealth and virtual healthcare provider, specializing in telemonitoring acute and chronic care. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Wellthy Therapeutics: <\/strong>Wellthy Therapeutics provides over 20k patients with personalized digital therapies for chronic disease management, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/www.wellthytherapeutics.com\/about-us\/\" style=\"\" rel=\"noopener\">website<\/a>. It secured funding of an undisclosed amount from Japanese venture capital firm <a target=\"_blank\" href=\"https:\/\/beyondnextventures.com\/\" style=\"\" rel=\"noopener\">Beyond Next Ventures<\/a> in <a target=\"_blank\" href=\"https:\/\/www.wellthytherapeutics.com\/blog\/wellthy-therapeutics-adds-beyond-next-ventures-as-an-investor-expands-into-japan\/\" style=\"\" rel=\"noopener\">June<\/a>, expanding its platform to the Asian market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> TruDoc was recently acquired by private equity fund <a target=\"_blank\" href=\"https:\/\/pulsar.fund\/\" style=\"\" rel=\"noopener\">Pulsar Capital<\/a>, which purchased a controlling stake in TruDoc for an undisclosed sum last <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2023\/09\/pulsar-capital-acquires-controlling-stake-trudoc\" style=\"\" rel=\"noopener\">September<\/a>. Pulsar Capital had first invested in a minority share in TruDoc in 2022.<\/p>\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\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthtech\/\">healthtech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/pulsar-capital\/\">Pulsar Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trudoc\/\">TruDoc<\/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=\"89026 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=\"89026\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/89026-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89026\" class=\"content-area-description single-story post-89026 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\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=\"89027\" 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=\"89027\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/amp-global-trading-acquires-50-of-jordanian-cement-player-ksas-algihaz-is-restructuring-its-holding-of-lamprell\/\">\r\n                            UAE-based AMP Global Trading acquires 50% of Jordan\u2019s Cement Experts Co. for Development and Investment                        <\/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\/14\/amp-global-trading-acquires-50-of-jordanian-cement-player-ksas-algihaz-is-restructuring-its-holding-of-lamprell\/\" 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 Saudi company offloaded its stake as it looks to pay off some of its debt and allocate the funds to other investments in \u201cpromising markets,\u201d it said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An Iraqi cement factory is part of the package: <\/strong>The transaction hands the UAE-based company a 51% stake owned by Cement Experts in a joint investment in a cement plant Al Kubaisa.<\/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\">IN OTHER M&A NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi energy, construction, and industry-focused player <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.algihaz.com\/ar\/\" style=\"\" rel=\"noopener\">Algihaz Holding<\/a><\/strong><strong> is restructuring its <\/strong><strong>holding of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.lamprell.com\/\" style=\"\" rel=\"noopener\">Lamprell<\/a><\/strong>, the UAE-based offshore and onshore engineering, procurement, construction, and installation (EPCI) company, bringing its direct ownership to 90%, <a target=\"_blank\" href=\"https:\/\/www.aleqt.com\/2024\/02\/13\/article_2699581.html\" style=\"\" rel=\"noopener\">Aleqtisadiah<\/a> reported yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: Lamprell is part of the JV that is building the region\u2019s biggest shipyard<\/strong>. The <a target=\"_blank\" href=\"https:\/\/www.aramco.com\/en\/news-media\/news\/2017\/king-salman-complex-for-maritime-industries\" style=\"\" rel=\"noopener\">Aramco-sponsored joint venture<\/a> is building <a target=\"_blank\" href=\"https:\/\/www.imi-ksa.com\/\" style=\"\" rel=\"noopener\">International Maritime Industries (IMI)<\/a> as the region\u2019s largest full-service shipyard at Ras Al Khair on the coast of the Arabian Gulf. Lamprell holds a 20% stake alongside Aramco (40%), Bahri (20%), and Hyundai Heavy Industries (20%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lamprell is also active in the renewables business<\/strong>, providing wind turbine foundations, HVAC\/HVDC offshore jackets, and multi-purpose vessels, according to the company\u2019s website.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regional footprint:<\/strong> Lamprell owns fabrication facilities in Hamriyah and Khalid Port in Sharjah, and Jebel Ali in Dubai, according to its website. The company is also operating in Iraq through its subsidiary Maritime Industrial Services. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The transaction:<\/strong> Algihaz has acquired the entire stake of its subsidiary Thunderball Investments, which held a 73% stake in Lamprell. Algihaz became the <a target=\"_blank\" href=\"https:\/\/www.algihaz.com\/news\/sale_of_60_of_thunderball_investments_limited_thunderball_the_majority_shareholder_of_lamprell_ltd\/\" style=\"\" rel=\"noopener\">sole owner of Thunderball<\/a> after acquiring the entire 60% stake of Blofeld Investment Management in <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1673652\" style=\"\" rel=\"noopener\">October 2023<\/a>. (You have to love the James Bond references there, folks.)<\/p>\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\/cement\/\">Cement<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89029\" 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=\"89029\">\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\">MANUFACTURING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/titan-earmarks-aed-5-bn-for-lithium-plant-in-kezad\/\">\r\n                            Titan earmarks AED 5 bn for lithium plant in Kezad                        <\/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\/14\/titan-earmarks-aed-5-bn-for-lithium-plant-in-kezad\/\" 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\/14\/titan-earmarks-aed-5-bn-for-lithium-plant-in-kezad\/')\">\n                    Copy Link      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<\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/titan-earmarks-aed-5-bn-for-lithium-plant-in-kezad\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1337.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89030\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/titan-earmarks-aed-5-bn-for-lithium-plant-in-kezad\/1337-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1337.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1337.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1337.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1337.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89029\" class=\"content-area-description single-story post-89029 post type-post status-publish format-standard has-post-thumbnail hentry category-manufacturing tag-abu-dhabi tag-enterpriseam-uae tag-kezad tag-manufacturing tag-titan-lithium 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\/.12e64105-8572-49a4-82f6-bf08283172f3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>AED 5 bn lithium plant is coming to Kezad:<\/strong> Abu Dhabi\u2019s <a target=\"_blank\" href=\"https:\/\/www.kezadgroup.com\/\" style=\"\" rel=\"noopener\">Khalifa Economic Zone<\/a><a target=\"_blank\" href=\"https:\/\/www.kezadgroup.com\/\" style=\"\" rel=\"noopener\">(Kezad)<\/a> inked an agreement with Dubai-based manufacturer <a target=\"_blank\" href=\"https:\/\/lithiumtitan.com\/\" style=\"\" rel=\"noopener\">Titan Lithium<\/a> to establish a lithium processing facility with a total investment of AED 5 bn in the Khalifa Industrial Area, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2024\/02\/13\/titan-lithium-to-set-lithium-processing-plant-in-kezad\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plant is a step towards achieving sustainability:<\/strong> The establishment of the new facility comes as the UAE looks to become a hub for EVs under its <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/details\/1395303163510\" style=\"\" rel=\"noopener\">Global EV Market<\/a> initiative, as processed lithium is an essential component for the manufacturing of EV batteries. \u201cThe facility in KEZAD is not just an investment in the future of Abu Dhabi and Titan Lithium Industries, but a stride towards a sustainable and better future for the world. Lithium is the new oil, and through this project, we are positioning the UAE, and specifically Abu Dhabi, as a pivotal hub in the lithium processing domain,\u201d Titan Lithium president Vaibhav Jain said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the plant:<\/strong> Under a 50-year land lease agreement, the 290k sqm factory will be built in three phases. With an annual production capacity of 150 tons, the factory will be dedicated to manufacturing \u201cbattery-grade lithium carbonate and lithium hydroxide for battery makers and electric vehicle OEMs,\u201d according to the statement. The raw lithium will be imported from Titan\u2019s mines in Zimbabwe. <\/p>\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\/kezad\/\">Kezad<\/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\/titan-lithium\/\">Titan Lithium<\/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=\"89031\" 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=\"89031\">\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\">CABINET WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/sharjah-cabinet-greenlights-two-real-estate-rentals-draft-legislations\/\">\r\n                            Sharjah cabinet greenlights two real estate rentals draft legislations                        <\/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\/14\/sharjah-cabinet-greenlights-two-real-estate-rentals-draft-legislations\/\" 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\/14\/sharjah-cabinet-greenlights-two-real-estate-rentals-draft-legislations\/')\">\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\/14\/sharjah-cabinet-greenlights-two-real-estate-rentals-draft-legislations\/\">\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=Sharjah cabinet greenlights two real estate rentals draft legislations&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/sharjah-cabinet-greenlights-two-real-estate-rentals-draft-legislations\/\">\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\/14\/sharjah-cabinet-greenlights-two-real-estate-rentals-draft-legislations\/&title=Sharjah cabinet greenlights two real estate rentals draft legislations\">\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=Sharjah+cabinet+greenlights+two+real+estate+rentals+draft+legislations+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F14%2Fsharjah-cabinet-greenlights-two-real-estate-rentals-draft-legislations%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\/14\/sharjah-cabinet-greenlights-two-real-estate-rentals-draft-legislations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1255.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89032\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/sharjah-cabinet-greenlights-two-real-estate-rentals-draft-legislations\/1255-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1255.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1255.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1255.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1255.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89031\" class=\"content-area-description single-story post-89031 post type-post status-publish format-standard has-post-thumbnail hentry category-cabinet-watch tag-cabinet-watch tag-enterpriseam-uae tag-legislation-watch tag-real-estate tag-sharjah tag-sharjah-executive-council 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\/.ea2d0dd0-3b2e-4ea9-b86f-30749ebbd607.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Sharjah to get a new rental law:<\/strong> Sharjah Executive Council (SEC) gave preliminary approval for two draft bills to regulate real estate rentals in the emirate, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1n6tnv-sec-approves-proposed-laws-regarding-real-estate\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The draft legislation will introduce rental regulations and streamline government procedures for rentals in the emirate, as well as establish a center for resolving rental disputes, the news agency added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Sharjah\u2019s real estate transactions <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/f7520b4b-883f-4a17-96bb-607c364122d7\/Economic-diversification-to-drive-5.7%25-growth-this-year,-FinMin-says#:~:text=Subscribe%20here-,DATA%20POINT%2D,-%231%2D%20Oil%20stockpiles\" style=\"\" rel=\"noopener\">rose 13.1% y-o-y in 2023<\/a><\/strong><strong> to reach AED 27.1 bn<\/strong><strong>, <\/strong>the highest level since 2017. The number of investors\u2019 nationalities rose 21.2% y-o-y to 103 during the year, with the number of non-Arab foreign investors rising 165% in trading volume.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next for the draft laws? <\/strong>The executive council will forward the bills to the Sharjah Consultative Council, where they will be reviewed before being submitted to the emirate\u2019s ruler Sheikh Sultan bin Mohammed al-Qasimi to be ratified. <\/p>\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\/cabinet-watch\/\">CABINET WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/legislation-watch\/\">LEGISLATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah\/\">Sharjah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah-executive-council\/\">Sharjah Executive Council<\/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=\"89033\" 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=\"89033\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/fintech-startup-kema-closes-usd-2-mn-pre-seed-round\/\">\r\n                            Fintech startup Kema closes USD 2 mn pre-seed round                        <\/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\/14\/fintech-startup-kema-closes-usd-2-mn-pre-seed-round\/\" 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\/14\/fintech-startup-kema-closes-usd-2-mn-pre-seed-round\/')\">\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\/14\/fintech-startup-kema-closes-usd-2-mn-pre-seed-round\/\">\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=Fintech startup Kema closes USD 2 mn pre-seed round&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/fintech-startup-kema-closes-usd-2-mn-pre-seed-round\/\">\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\/14\/fintech-startup-kema-closes-usd-2-mn-pre-seed-round\/&title=Fintech startup Kema closes USD 2 mn pre-seed round\">\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=Fintech+startup+Kema+closes+USD+2+mn+pre-seed+round+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F14%2Ffintech-startup-kema-closes-usd-2-mn-pre-seed-round%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\/14\/fintech-startup-kema-closes-usd-2-mn-pre-seed-round\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1344.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89034\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/fintech-startup-kema-closes-usd-2-mn-pre-seed-round\/1344-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1344.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1344.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1344.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1344.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89033\" class=\"content-area-description single-story post-89033 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam-uae tag-fintech tag-investment-watch tag-startup-watch tag-startups tag-venture-capital 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\/.364cb4f3-97ed-4584-8a55-17cb89378b28.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-based fintech <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.kema.co\/\" style=\"\" rel=\"noopener\">Kema<\/a><\/strong><strong> has raised USD 2 mn in a pre-seed round<\/strong> led by <a target=\"_blank\" href=\"https:\/\/dfdf.vc\/\" style=\"\" rel=\"noopener\">Dubai<\/a><a target=\"_blank\" href=\"https:\/\/dfdf.vc\/\" style=\"\" rel=\"noopener\">Foundation District Fund<\/a> and VC firm <a target=\"_blank\" href=\"https:\/\/www.speedinvest.com\/\" style=\"\" rel=\"noopener\">Speedinvest<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2024\/02\/uae-fintech-kema-raises-2-million-pre-seed\" style=\"\" rel=\"noopener\">press release<\/a>. The funding will help the fintech firm launch its Software-as-a-Service (SaaS) platform, expand its presence and services in the UAE, and hire new talent.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Kema: <\/strong>Co-founded by Michael Ghandour, co-founder of <a target=\"_blank\" href=\"https:\/\/www.mumzworld.com\/\" style=\"\" rel=\"noopener\">mumzworld.com<\/a>, Kema aims to accelerate SMEs\u2019 cashflow by facilitating their financial operations using an automated invoicing system. Since its private beta launch in 2Q 2023, the fintech processed more than AED 16.5 mn in invoices, and now claims to be able to slash the duration of the account receivables process by up to 50%, according to co-founder and CTO Akash Rao. <\/p>\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\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/venture-capital\/\">VENTURE CAPITAL<\/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=\"89035\" 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=\"89035\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/peak-earnings-season\/\">\r\n                            Peak earnings season                        <\/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\/14\/peak-earnings-season\/\" 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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Excluding covid business in 2022 earnings, normalized net income grew 9x in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company\u2019s revenues rose 31% y-o-y to AED 16.4 bn during the year<\/strong>, driven by growth in volume of non-covid-19 patients, higher ins. retention and premiums, and an uptick in procurement and supply chain activities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I<\/strong><strong>CYMI: <\/strong>PureHealth made its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/af2dc9b1-94ef-46da-88e2-4416c4052a9a\" style=\"\" rel=\"noopener\">debut on the ADX<\/a>, raising AED 3.62 bn in a heavily oversubscribed IPO in December 2023. The IPO proceeds will be used for \u201cgeneral corporate purposes,\u201d the company said, and to support future expansion, potentially including acquisitions of hospital groups and healthcare assets in the Middle East, the Americas, Europe and the Far East.<\/p>\n<p class=\"tag-border-left\">EMIRATES STEEL ARKAN-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.emiratessteelarkan.com\/\" style=\"\" rel=\"noopener\">Emirates Steel Arkan<\/a><\/strong><strong> reported AED 601.9 mn in 2023 net income<\/strong>,up 18% y-o-y on the back of increased domestic and foreign sales, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1077.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The steel and building materials manufacturer saw its revenues fall nearly 6% y-o-y to AED 8.9 bn despite \u201ca challenging and volatile global economic landscape and its impact on commodity prices,\u201d according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1086.pdf\" style=\"\" rel=\"noopener\">unaudited preliminary results (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company saw its net income rise 69% y-o-y to AED 215 mn in 4Q 2023<\/strong>,while revenues increased 4% y-o-y to AED 2.4 bn during the quarter. The company attributes its growth during the period to higher volumes of rebar steel sales in the domestic market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>The company plans to boost output and surpass production targets, while reducing costs, it said in the earnings release.<\/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\">RAK PROPERTIES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RAK Properties\u2019 net income rose 555.5% to AED 201.8 mn in 2023<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1279.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The real estate company\u2019s revenues reached just over AED 1 bn, up 146.2% y-o-y, while sales increased 448% y-o-y to AED 2.8 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Residential + hospitality projects both had a good year:<\/strong> The company experienced high demand for developments in Ras Al Khaimah and Abu Dhabi. Residential projects saw successful launches and sell-outs, along with positive reception for new projects. Hospitality projects such as the Intercontinental Ras Al Khaimah Mina Al Arab Resort and SPA also performed well in both occupancy and financial results. <\/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\">DU-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>du had a good year: <\/strong>Dubai-based telecoms operator Emirates Integrated Telecommunications, commonly known as du, reported a 36.8% y-o-y increase in its net income to AED 1.7 bn in 2023, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1326.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company\u2019s revenues climbed 6.9% y-o-y to AED 13.6 bn, driven by demand for mobile services and growth in demand for its postpaid and fixed services. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For the year\u2019s final quarter: <\/strong>The company\u2019s 4Q bottom line increased 38.5% y-o-y to AED 396 mn, while its revenues rose by 7.3% y-o-y to AED 3.5 mn over the same period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>du\u2019s board of directors is recommending dividends of 34 fils per share<\/strong>, up 41.7% from the previous year\u2019s dividend payout. <\/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\">ALPHA DHABI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alpha Dhabi reports record earnings:<\/strong> Investment holding company Alpha Dhabi saw its net income jump 25% y-o-y to a record AED 13.3 bn in 2023, according to the firm\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1321.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Alpha Dhabi\u2019s revenues stood at AED 45.5 bn, up 14% y-o-y during the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company\u2019s expanding portfolio drove the performance, <\/strong>with the firm\u2019s holdings in the industrial sector contributing 37% of total revenues, the real estate sector contributing 23% and the construction sector contributing 19%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>\u201cAs we advance into 2024, we are on a strong footing to enhance our core investment activities through strategic partnerships and acquisitions. Our joint ventures with ADNOC Drilling and Mubadala is a testament to this ambition, as we will deploy up to AED2.1 bn into oil field services and AED1.7 bn into global credit [ventures],\u201d Alpha Dhabi CEO Hamad Al Ameri said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WAHA CAPITAL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Waha Capital posts 83% income growth:<\/strong> ADX-listed investment manager <a target=\"_blank\" href=\"https:\/\/www.wahacapital.com\/\" style=\"\" rel=\"noopener\">Waha<\/a><a target=\"_blank\" href=\"https:\/\/www.wahacapital.com\/\" style=\"\" rel=\"noopener\">Capital<\/a> \u2014 the parent company of Waha Investments and Waha Land \u2014 saw its net income soar 83% y-o-y to AED 820 mn in 2023, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1332.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company\u2019s net revenues grew 70% y-o-y to AED 1.2 bn over the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 4Q 2023, Waha Capital booked AED 218 mn in net income, up 39% y-o-y<\/strong>, while its revenues almost doubled to AED 543 mn, posting a 94% y-o-y growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OTHER EARNINGS NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong>Sharjah<\/strong><strong>-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/investbank.ae\/\" style=\"\" rel=\"noopener\">Invest Bank<\/a><\/strong><strong> widened its net losses by 77% y-o-y to AED 1 bn in <\/strong><strong>2023<\/strong>, due to impairment charges exceeding AED 1 bn, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1091.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The ADX-listed bank's revenue reached AED 238 mn, up from to AED 45 mn in 2022, mainly attributed to improved net interest income and reduced valuation losses on repossessed properties. <\/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:\/\/www.dubaiinvestments.com\/\" style=\"\" rel=\"noopener\">Dubai Investments<\/a><\/strong><strong> reported a 28.3% y-o-y drop in net income to AED 1.2 bn in 2023<\/strong>, on revenues of AED 4.2 bn (down 1.9% y-o-y), according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1301.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. Excluding the one-off gain from selling its 50% share of DFM joint venture <a target=\"_blank\" href=\"https:\/\/www.emicool.com\/\" style=\"\" rel=\"noopener\">Emicool<\/a> to global investment firm <a target=\"_blank\" href=\"https:\/\/www.act.is\/\" style=\"\" rel=\"noopener\">Actis<\/a> in July 2022, would have made Dubai Investments\u2019 2023 bottom line \u201csignificantly higher\u201d y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/adnic.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi National Ins. Company (ADNIC)<\/a><\/strong><strong>\u2019s bottom line grew 12.2% y-o-y <\/strong><strong>to AED 401.2 mn in 2023<\/strong>,owing to \u201cstrategic partnerships\u201d and acquisitions, including that of <a target=\"_blank\" href=\"https:\/\/www.allianz.com\/en\/press\/news\/financials\/stakes_investments\/230928_allianz-enters-into-binding-agreement-to-sell-its-stake-in-allianz-saudi-fransi-to-abu-dhabi-national-insurance-company.html\" style=\"\" rel=\"noopener\">Allianz Saudi Fransi Cooperative Ins. Company<\/a>, according to the company\u2019s consolidated <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1079.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. Total ins. revenues remained relatively flat in 2023 at AED 4.64 bn, compared to AED 4.66 bn in the previous year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/pepsidrc.com\/\" style=\"\" rel=\"noopener\">Dubai Refreshment Company<\/a><\/strong><strong> saw its net income grow 242.4% y-o-y to AED<\/strong><strong>361.8 mn<\/strong>,\u201cdriven by a strong local business volume growth of 9%\u201d and an AED 220 mn one-off gain from the sale of a manufacturing site, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1081.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The company\u2019s revenues increased nearly 7% y-o-y during the year to AED 803.1 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5-<\/strong><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/nmdc.com\/index.php\" style=\"\" rel=\"noopener\">National Marine Dredging Company<\/a><\/strong><strong> saw its net income climb 65% y-o-y to<\/strong><strong> AED 2.15 <\/strong><strong>bn in 2023<\/strong>,according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1078.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The company\u2019s revenues from customer contracts increased 56.4% during the same period to AED 16.71 bn. The board proposed full-year dividend payouts of AED 618.8 mn for 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- Dubai Islamic Ins. and Reins. (Aman) posted a net loss of AED 10.2 mn in 2023<\/strong>, compared with AED 1 mn in 2022 net income, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1142.pdf\" style=\"\" rel=\"noopener\">preliminary financials (pdf)<\/a>. Revenues increased 262% y-o-y to AED 235.5 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7-<\/strong><strong>Emirates Reem Investments also recorded a net loss of AED 3.7 mn in 2023<\/strong>, compared with net income of AED 25.4 mn the year before, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1143.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. Revenues grew 71% to AED 54.6 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#8- Watania International Holding turned to the black in 2023<\/strong>,recording a bottom line ofAED 13.8 mn, compared with a loss of AED 53.1 mn in the previous year, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1239.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Watania\u2019s Takaful revenues increased 12% y-o-y to AED 922 mn due to \u201csignificant improvements and corrective measures\u201d taken, including strict underwriting discipline, the company said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#9- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sharjahcements.com\/\" style=\"\" rel=\"noopener\">Sharjah Cement and Industrial Development<\/a><\/strong><strong> reported a net income of AED 1.1 mn <\/strong><strong>in 2023<\/strong>, up from a net loss of AED 39.6 mn in the previous year, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1243.PDF\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The turnaround is attributed to production cost reductions, lower energy costs and the use of alternative fuels, the company said. Revenues remained flat during the period at AED 634.5 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#10- The National Corporation for Tourism and Hotels (NCTH)\u2019s net income rose 6% <\/strong><strong>y-o-y to AED 68.1 mn in 2023<\/strong>, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1269.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company\u2019s revenues fell 6.2% to 669.2 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#11- <\/strong><strong><a target=\"_blank\" href=\"http:\/\/www.aldhafrainsurance.ae\/\" style=\"\" rel=\"noopener\">Al Dhafra Ins. Company<\/a><\/strong><strong> saw its bottom line fall 51% y-o-y<\/strong> in 2023 to AED 23 mn, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1284.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The company\u2019s revenues were down 3% y-o-y to AED 317 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#12-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/afnic.ae\/en\" style=\"\" rel=\"noopener\">Al Fujairah National Ins. Company<\/a><\/strong><strong> narrowed its net losses to AED 8 mn <\/strong>in 2023, down from AED 20.9 mn in 2022, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1289.pdf\" style=\"\" rel=\"noopener\">ADX filing (pdf)<\/a>. The company\u2019s ins. revenues climbed 22% y-o-y to AED 282 mn during the same period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#13-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.shjins.com\/\" style=\"\" rel=\"noopener\">Sharjah Ins. Company<\/a><\/strong><strong>\u2019s bottom line fell 52% y-o-y to AED 16.2 mn<\/strong>,and turned in AED 21.5 mn in ins. revenues, down 6% y-o-y in 2023, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1292.pdf\" style=\"\" rel=\"noopener\">preliminary earnings (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#14-<\/strong><strong>Budget carrier Air Arabia saw its bottom line increase 27% y-o-y to AED 1.5<\/strong><strong>bn in 2023<\/strong>on the back of robust operating capacity and an increase in routes, according to an <a target=\"_blank\" href=\"https:\/\/press.airarabia.com\/air-arabia-delivers-record-2023-net-profit-of-aed-15-billion-up-27\/\" style=\"\" rel=\"noopener\">earnings release<\/a>. The airline\u2019s topline rose 14% during the period to AED 6 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#15- Emirates Investment Bank turned to the black with a bottom line of AED 107.5 <\/strong><strong>mn in 2023<\/strong>, after posting nearly AED 24k in net losses in 2022, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1315.pdf\" style=\"\" rel=\"noopener\">preliminary financials (pdf)<\/a>. The investment bank\u2019s revenues also rose 61% y-o-y to AED 220.6 mn. <\/p>\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-national-insurance-company\/\">Abu Dhabi National Insurance Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-refreshment-company\/\">Dubai Refreshment Company<\/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-steel-arkan\/\">Emirates Steel Arkan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/national-marine-dredging-company\/\">National Marine Dredging Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah-cement-and-industrial-development\/\">Sharjah Cement and Industrial Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/watania-international-holding\/\">Watania International Holding<\/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=\"89037\" 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=\"89037\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/property-finder-appoints-new-cto-and-uae-country-manager\/\">\r\n                            Property Finder appoints new CTO and UAE country manager                        <\/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\/14\/property-finder-appoints-new-cto-and-uae-country-manager\/\" 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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Niranjani replaces former CTO Gauthier Andries (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/gauthierandries\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), who served in the role since January 2023. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/property-finder\/\">Property Finder<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/proptech\/\">proptech<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89039\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" 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       <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/dubai-plans-waste-to-sustainable-aviation-fuels-project\/\">\r\n                            Dubai plans waste-to-sustainable aviation fuels project                        <\/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\/14\/dubai-plans-waste-to-sustainable-aviation-fuels-project\/\" 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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data-attachment-id=\"89041\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/dubai-plans-waste-to-sustainable-aviation-fuels-project\/1084-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1084.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1084.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1084.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1084.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89040\" class=\"content-area-description single-story post-89040 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-agritech tag-also-on-our-radar tag-dubai tag-enterpriseam-uae tag-green-energy tag-healthcare tag-malaffi tag-reem-hospital tag-sustainable-aviation-fuels tag-tech tag-waste-to-energy 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\/.0e6955f1-25d1-4bd4-ba22-8e50422feb24.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">GREEN ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai inks agreement to turn waste into fuel:<\/strong> Dubai Municipality has signed an agreement with Belgium\u2019s <a target=\"_blank\" href=\"https:\/\/www.besix.com\/en\/\" style=\"\" rel=\"noopener\">Besix<\/a>, Japan\u2019s Marubeni Corporation subsidiary <a target=\"_blank\" href=\"https:\/\/www.marubeni.com\/en\/company\/network\/middle_east\/\" style=\"\" rel=\"noopener\">Marubeni Middle East and Africa Power<\/a>, and the UAE\u2019s turbine and aviation fuel supplier <a target=\"_blank\" href=\"https:\/\/govtribe.com\/vendors\/enoc-marketing-l-dot-l-dot-c-scyn4\" style=\"\" rel=\"noopener\">Enoc Marketing<\/a>, to transform solid municipal waste into sustainable aviation fuel (SAF), <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1mleq8-wgs24-dubai-municipality-signs-mou-with-global\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Under the agreement, the municipality will provide solid waste \u2014 including organic waste and green hydrogen from sewage treatment \u2014 to SAF. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline:<\/strong> The project, which is currently under study, is slated for implementation in July 2025, Dubai Municipality Director General Dawoud Al Hajri said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE has set an SAF target:<\/strong> The country wants to have SAF make up 1% of fuel for national airlines by 2031, according to Wam. <\/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\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Presight + Samruk-Kazyna JV to establish supercomputing and data hub in <\/strong><strong>Kazakhstan:<\/strong> ADX-listed big data analytics outfit <a target=\"_blank\" href=\"https:\/\/www.presight.ai\/\" style=\"\" rel=\"noopener\">Presight<\/a> and Kazakh sovereign wealth fund <a target=\"_blank\" href=\"https:\/\/sk.kz\/?lang=en\" style=\"\" rel=\"noopener\">Samruk-Kazyna<\/a> have inked an agreement with Kazakhstan\u2019s Digital Development Ministry that will see the pair develop an AI supercomputer and data center cluster in Kazakhstan, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1141.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. The move represents the first project by the recently established Samruk-Kazyna and Presight joint venture. The statement did not disclose the value of the agreement or the project\u2019s timeline.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The project is set to unfold in two stages, with the first phase boosting computing capabilities at the Digitization Ministry\u2019s standing facilities and the development of a Kazakh large-language model (LLM). The second phase will see the establishment of a data center and<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">supercomputer cluster that is powered by green energy, the statement said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi\u2019s Reem Hospital has inaugurated a new mental<\/strong><strong>healthcare facility<\/strong>, dubbed the Reem Neuroscience Centre, reports state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13riogk-reem-hospital-launches-dedicated-mental-health\" style=\"\" rel=\"noopener\">Wam<\/a>. The hospital has the capacity to serve 6k patients a month, with 25 specialized treatment rooms, outpatient clinics, and an inpatient psychiatric department. <\/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:\/\/malaffi.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Health Information Exchange\u2019s (Malaffi)<\/a><\/strong><strong> image exchange platform is <\/strong><strong>now a <\/strong><strong>global reference sit<\/strong><strong>e for Philips\u2019 own image exchange solution<\/strong>,after Malaffi inked an agreement with <a target=\"_blank\" href=\"https:\/\/www.philips.com\/global\" style=\"\" rel=\"noopener\">Royal Philips<\/a>, according to an <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/health\/department-of-health-abu-dhabi-partners-with-philips-to-establish-malaffi-platform-as-global-reference-resource\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a> statement. The platform allows medical facilities to swap radiology images and patient records.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong><a target=\"_blank\" href=\"https:\/\/www.doh.gov.ae\/en\/\" style=\"\" rel=\"noopener\">Abu Dhabi\u2019s Department of Health (DoH)<\/a> first launched Malaffi in 2022. The platform\u2019s recent image extension is gridded to 64 of Malaffi\u2019s Abu Dhabi-based healthcare facilities, with the entity planning to onboard all 67 by the end of 1Q 2024.<\/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\">AGRICULTURE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi\u2019s Masdar City launched a new indoor vertical farm<\/strong> in collaboration with Singaporean agritech firm <a target=\"_blank\" href=\"https:\/\/www.alescalife.com\/\" style=\"\" rel=\"noopener\">Alesca Life<\/a>, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/technology\/2024\/02\/12\/masdar-city-launches-smart-vertical-farm-with-agritech-firm-in-food-security-push\/\" style=\"\" rel=\"noopener\">The National<\/a> reports. The project plans to use automated monitoring systems and machine learning to grow 7.8k kg of leafy greens, lettuce and herbs annually inside two repurposed shipping containers. The farm will require 90-95% less water than conventional farms.<\/p>\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\/agritech\/\">agritech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/green-energy\/\">green 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\/malaffi\/\">Malaffi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/reem-hospital\/\">Reem Hospital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sustainable-aviation-fuels\/\">sustainable aviation fuels<\/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\/waste-to-energy\/\">waste-to-energy<\/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=\"89042\" 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=\"89042\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/markets-arent-happy-after-hotter-than-expected-us-inflation-report\/\">\r\n                            Markets aren\u2019t happy after hotter-than-expected US inflation report                        <\/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\/14\/markets-arent-happy-after-hotter-than-expected-us-inflation-report\/\" 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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Traders also generally figure that lower rates = better fortunes ahead for many types of companies on the back of more consumer spending and cheaper borrowing for corporates.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What happened yesterday: <\/strong><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/02\/12\/stock-market-today-live-updates.html\" style=\"\" rel=\"noopener\">The Dow, S&P and Nasdaq all dropped<\/a> 1.4-1.9% yesterday after data showed consumer prices in the US had risen in January by the most in eight months. Observers had expected inflation to continue cooling, but it <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-13\/us-core-cpi-rises-most-in-eight-months-as-inflation-persists?sref=mmeFTDW1\" style=\"\" rel=\"noopener\">ticked up to 3.1% on an annual basis<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where we stand right now: <\/strong>The Nikkei and Kospi are down in early trading. US futures have steadied, pointing to a soft (but not outrageous) opening on Wall Street, and European equities look set to dip at the opening bell. <\/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>BTC hits the USD 50k mark for the first time in two years:<\/strong> BTC hit the USD 50k mark yesterday for the first time since December 2021, rallying on the back of expectations of interest rate cuts later this year and optimism that the US government\u2019s approval of spot BTC exchange-traded funds <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/617d0147-c0d5-46e8-9a27-6f95b0dcd49d\" style=\"\" rel=\"noopener\">last month<\/a> could herald larger mainstream acceptance, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/bitcoin-hits-highest-more-than-two-years-2024-02-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. BTC was trading at around USD 49.7k as of midnight last night.<\/p>\n<p><a target=\"_blank\" id=\"t.300860412161faeb11758bf0e679046dcb085085\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;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\">9,351<\/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: -2.4%)<\/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\">4,219<\/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: +3.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,744<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: -2.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.1% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.1% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,404<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: +3.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">28,604<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +14.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,953<\/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\">-1.4% (YTD: +3.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,512<\/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: -2.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,689<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.2% (YTD: +3.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 82.77<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9%<\/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 1.69<\/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\">-4.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 2,006<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.3%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 49,668<\/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: +17.0%)<\/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 0.2% at yesterday\u2019s close<\/strong> on turnover of AED 346.6 mn. The index is up 3.9% 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>National Industries Group Holding (+14.7%), International Financial Advisors (+10.0%) and Ekttitab Holding Company (+8.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>National International Holding Company (-9.5%), Emirates Reem Investments Company (-4.5%) and Takaful Emarat (-3.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index closed up 0.3% on turnover of AED 1.0 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CORPORATE ACTIONS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Phoenix Group has acquired \u201crelated\u201d Netherlands-based entity Phoenix Technology <\/strong><strong>Solutions for EUR 539k<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1303.pdf\" style=\"\" rel=\"noopener\">bourse disclosure (pdf)<\/a>. The acquisition, valued at EUR 539k, will boost the company\u2019s presence in Europe by tapping Phoenix Technology Solution as a marketing platform for the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Agthia to dissolve inactive businesses: <\/strong>UAE-based F&B firm <a target=\"_blank\" href=\"https:\/\/www.agthia.com\/\" style=\"\" rel=\"noopener\">Agthia Group<\/a> will dissolve a number of its dormant wholly-owned subsidiaries, including Gulf National Forage Company and Agthia Distribution, the company said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1335.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The company will dissolve Shaklan Plastic Manufacturing after merging it with its other wholly-owned subsidiary, Al Bayan Purification and Potable Water. <\/p>\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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89044\" 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=\"89044\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/14\/uae-brazil-and-azerbaijan-form-cop-troika\/\">\r\n                            UAE, Brazil, and Cuba to deliver AED 500 mn in food aid                        <\/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\/14\/uae-brazil-and-azerbaijan-form-cop-troika\/\" 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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It will also focus on driving political action and directing resources towards climate finance, especially for developing countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The<\/strong><strong>UAE, Brazil, and Cuba will distribute AED 500 mn in food aid from Brazil<\/strong>, after inking an agreement to enhance food security on the sidelines of COP28 last December, according to a Foreign Affairs Ministry <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2024\/2\/13\/13-2-2024-uae-brazil\" style=\"\" rel=\"noopener\">statement<\/a>. The UAE will invest in projects supporting the resilience and adaptability of food systems as part of the initiative. <\/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>President Sheikh Mohamed bin Zayed Al Nahyan met with several leaders yesterday:<\/strong><\/p>\n<ul>\n<li><strong>Congo:<\/strong> The president discussed economic, investment, and development cooperation with Congo-Brazzaville President Denis Sassou Nguesso. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1mlet8-uae-president-receives-president\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<li><strong>Kurdistan:<\/strong> Cooperation and bilateral ties were the focus of a discussion with Kurdistan Region Prime Minister Masrour Barzani. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1mleq4-uae-president-receives-prime-minister-kurdistan\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<li><strong>Albania:<\/strong> Sheikh Mohamed also discussed bilateral relations and development with Albanian Prime Minister Edi Rama. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1n6u8w-uae-president-receives-prime-minister-albania\" style=\"\" rel=\"noopener\">Wam<\/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\">OTHER DIPLOMACY NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE, World Bank renew payable advisory services: <\/strong>The Finance Ministry has renewed for the second time an agreement for payable advisory services with the World Bank\u2019s International Bank for Reconstruction and Development that provides local and federal entities with technical support services. (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/ministry-of-finance-uae_mofuae-wbg-activity-7162809954691751936-vLpK\/?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/p>\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\/climate\/\">climate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cop28\/\">COP28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/food-security\/\">Food security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/world-bank\/\">World Bank<\/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=\"89046\" 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\/14\/89046-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89046\" class=\"content-area-description single-story post-89046 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>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>13-15 February (Tuesday- Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unesco.org\/en\/wccae2024\" style=\"\">The UNESCO World Conference on Culture and Arts Education<\/a><\/span><span>,<\/span><span> Abu <\/span><span>Dhabi<\/span><span style=\"font-weight:400;\"> 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;\">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 style=\"font-weight:400;\">16-18 February (Friday-Sunday): The Shams Creative 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 style=\"font-weight:400;\">17 February (Saturday): UAE President Cup for Purebred Arabian Horses, Abu Dhabi Equestrian Club.<\/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:400;\">24 April-1 May (Wednesday-Wednesday): Abu Dhabi Mobility Week.<\/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\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>UAE, India sign raft of agreements | TruDoc acquires Wellthy Therapeutics | Titan plans AED 5 bn lithium plant in Kezad | New rental law in Sharjah<\/p>\n","protected":false},"featured_media":89019,"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-89018","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"9c121510-86c8-48ad-9b92-9287d483aed0","teaser":"UAE, India sign raft of agreements | TruDoc acquires Wellthy Therapeutics | Titan plans AED 5 bn lithium plant in Kezad | New rental law in Sharjah","photo_url":"https:\/\/ent.news\/2024\/2\/1373.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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