{"id":89070,"date":"2024-02-15T00:00:00","date_gmt":"2024-02-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=89070"},"modified":"2025-12-14T23:30:07","modified_gmt":"2025-12-14T23:30:07","slug":"world-governments-summit-wraps-with-an-ai-heavy-final-day","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/world-governments-summit-wraps-with-an-ai-heavy-final-day\/","title":{"rendered":"World Governments Summit wraps with an AI-heavy final day"},"content":{"rendered":"<section id=\"89072\" 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=\"89072\">\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\/15\/world-governments-summit-wraps-uae-innovates-2024-heads-to-sharjah\/\">\r\n                            THIS MORNING: World Governments Summit wraps + UAE Innovates 2024 heads to Sharjah                        <\/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\/15\/world-governments-summit-wraps-uae-innovates-2024-heads-to-sharjah\/\" 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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We\u2019ve since fixed the problem, which means you can check out the issue (and click the links) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">on the web edition<\/a>. We apologize for the inconvenience.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY here at home is everything that went down on the last day of the World <\/strong><strong>Governments Summit<\/strong>, which was very AI-heavy. The biggest outcome of the day was the launch of the USD 300 mn Falcon Foundation, a nonprofit fund dedicated to promoting the development of open-source AI models and facilitating AI research. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>SOUNDBITE OF THE DAY- \u201cWe see black swans happening once every three months,\u201d<\/strong> as opposed to once every decade, Economy Minister Abdullah bin Touq Al Marri told CNBC (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/video\/2024\/02\/13\/anow-we-see-black-swans-happening-once-every-three-monthsa-uae-economy-minister-tells-cnbcas-dan-murphy-on-trade-disruption-at-the.html?&qsearchterm=\" style=\"\" rel=\"noopener\">watch, runtime 1:44<\/a>) on the sidelines of the summit. Al Marri pointed to recent trade disruptions in the Red Sea as the most recent black swan, noting that further escalation of global conflicts make it difficult for companies to meet supply demands, which leads to more inflation and consequently, higher interest rates. <\/p>\n<p class=\"tag-border-left\">PUBLIC SERVICE ANNOUNCEMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Property agents have <\/strong><strong>two<\/strong><strong> days left to wipe sold or rented properties from digital <\/strong><strong>brokerage platforms<\/strong>, the Dubai Land Department said on <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/dubai-land-department_rera-activity-7163435589160091648-3sZW\/?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">LinkedIn<\/a>. Agents must email proof of removal to this <a target=\"_blank\" href=\"mailto:licensing@rera.gov.ae\" style=\"\" rel=\"noopener\">email address<\/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\"><a id=\"wwtt3\"><\/a> <strong>#1- UAE Innovates 2024 heads to Sharjah today, with stops in Ras Al Khaimah, and<\/strong><strong> Fujairah<\/strong> before its finalstop in Dubai next Thursday, 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 final 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 concludes today<\/strong>,aftershowcasing 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>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><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 today 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\">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 UAE is working with international and regional organizations to use StarLink\u2019s <\/strong><strong>satellite broadband services at its field hospital in Gaza<\/strong>, after StarLink got a license to operate in Israel and parts of Gaza, according to a Foreign Affairs Ministry <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2024\/2\/14\/14-2-2024-uae-ghaza\" style=\"\" rel=\"noopener\">statement<\/a>. The initiative will allow the hospital to connect to the internet when connection is severed inside Gaza. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The caveat:<\/strong> Israel will individually approve specific clients that can use Starlink\u2019s services, in order to \u201cconfirm it to be an authorized entity with no concern of risk or possibility of endangering national security,\u201d Israeli Communications Minister Shlomo Karhi <a target=\"_blank\" href=\"https:\/\/twitter.com\/shlomo_karhi\/status\/1757800645627724268\" 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>#2- The GCC could add USD 2.5 tn to its GDP over the next decade if countries improve <\/strong><strong>productivity levels<\/strong>, Strategy& said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1481.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> launched on the sidelines of the World Government Summit. This would take GDP growth from the current 3.8% to 5.4%, the report added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So what needs to be done? <\/strong>The report identifies six pillars of productivity: Labor capital, natural capital (which relates to the natural living environment), social capital, institutions, physical capital (relating to reliable infrastructure), and innovation and intangible capital. If every country in the GCC improves its weakest pillar, the region can reach its potential USD 2.5 tn target, the report argues. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Outside of the region, if every country were to address its weakest productivity pillar, the global economy could see an additional USD 50 tn<\/strong> added over the next decade, with real GDP growth accelerating to 3.5%, up from 2.6%, the report said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#3- Is Masdar eyeing Iberdrola\u2019s US assets?<\/strong> UAE state-owned renewables developer Masdar is reportedly exploring an acquisition of Iberdrola\u2019s onshore renewable energy assets in the US, Bloomberg reports, citing people with knowledge of the matter. Last year, Masdar <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2023\/07\/27\/masdar-acquires-a-49-stake-in-eur-1-6-bn-german-offshore-wind-farm-101969\/\" style=\"\" rel=\"noopener\">acquired a 49% stake<\/a> in Iberdrola\u2019s EUR 1.6 bn Baltic Eagle offshore wind farm off the coast of Germany. Masdar also signed a strategic partnership agreement with the Spanish utility firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5d9f1541-8664-401c-b13b-5b76c43ba7cc\" style=\"\" rel=\"noopener\">last December<\/a> to co-invest up to EUR 15 bn in exploring development projects in the offshore wind and green hydrogen in key markets including Germany, the UK, and the US.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4-<\/strong><strong>Chinese e-commerce giant <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.alibaba.com\/premium\/ali+bba+com.html?src=sem_ggl&field=UG&from=sem_ggl&cmpgn=20803665510&adgrp=151359775090&fditm=&tgt=kwd-1461763400565&locintrst=&locphyscl=1005390&mtchtyp=b&ntwrk=g&device=c&dvcmdl=&creative=682657984536&plcmnt=&plcmntcat=&aceid=&position=&gad_source=1&gclid=EAIaIQobChMI94nPoPOqhAMVJIpoCR02RgpwEAAYAiAAEgJyzfD_BwE\" style=\"\" rel=\"noopener\">Alibaba<\/a><\/strong><strong> is looking to partner with Emirati and Saudi <\/strong><strong>firms<\/strong> as China-GCC ties continue to warm, company President Michael Evans said at the World Governments Summit, according to <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-14\/alibaba-seeks-middle-east-partners-as-beijing-deepens-gulf-ties\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Local partnerships can help Alibaba keep up with the region\u2019s developments, Evans said. GCC countries have been bolstering ties with China in recent years as they pursue investments to diversify their non-oil economies \u2014 a move that has been seeing pushback from Washington. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>G42 recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/45bff422-6aef-41f5-bd13-0fce03beb4d9\/Real-estate-market-growth-will-be-driven-by-expats-%2B-HNWI,-Markaz-suggests#:~:text=Did%20G42%20offload,FT%20last%20December.\" style=\"\" rel=\"noopener\">offloaded all its stakes<\/a> in Chinese companies, including a USD 100 mn stake in TikTok parent company <a target=\"_blank\" href=\"https:\/\/www.bytedance.com\/en\/\" style=\"\" rel=\"noopener\">ByteDance<\/a>, in a bid to \u201creassure\u201d US partners. The move came after a <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/01\/09\/us\/politics\/ai-china-uae-g42.html?searchResultPosition=1\" style=\"\" rel=\"noopener\">New York Times report<\/a> and a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1011.pdf\" style=\"\" rel=\"noopener\">letter<\/a> from a US congressional committee accused the tech group of working with the Chinese military.<\/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>Smart infrastructure investments have saved Dubai AED 290 bn <\/strong>thanks to decreased traffic congestion and reduced travel times and fuel consumption, said Director-General of Dubai\u2019s Road and Transport Authority (RTA) Mattar Al Tayer at the World Government Summit, according to an RTA <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/al-tayer-highlights-dubai-adaptability-and-resilience-under-leadership-of-mohammed-bin-rashid&sa=D&source=docs&ust=1707903030412196&usg=AOvVaw2bTeL3M5xtaVG4QCzgCUUC\" 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>RTA expects its self-driving transport strategy \u2014 launched in 2016 \u2014 to save some AED 22 bn <\/strong>by 2030, once it achieves its target of making 25% of all trips in the emirate autonomous by the end of the decade, Al Tayer said in a separate RTA <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/al-tayer-inaugurates-future-of-mobility-forum\" 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>ICYMI: <\/strong>The authority <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/45bff422-6aef-41f5-bd13-0fce03beb4d9\/Real-estate-market-growth-will-be-driven-by-expats-%2B-HNWI,-Markaz-suggests\" style=\"\" rel=\"noopener\">recently<\/a> inked an agreement with electric aircraft developer <a target=\"_blank\" href=\"https:\/\/www.jobyaviation.com\/\" style=\"\" rel=\"noopener\">Joby Aviation<\/a> to launch air taxi services in the UAE by early 2026.<\/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 all politics, all the time in the pages of the foreign press. <\/strong>Let\u2019s start in Washington, where <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/02\/14\/house-intel-national-security-threat-russia-space-power-00141473\" style=\"\" rel=\"noopener\">Politico<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/02\/14\/us\/politics\/intelligence-russia-nuclear.html\" style=\"\" rel=\"noopener\">New York Times<\/a> report that Moscow may have made significant progress on the development of an anti-satellite nuclear weapon. The weapon has not yet been deployed, the Times writes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/middle-east\/israel-carries-out-extensive-strikes-in-lebanon-48a5a01c?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> and <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-14\/israel-pulls-out-of-peace-talks-over-delusional-hamas-demands?srnd=premium-middle-east&sref=mmeFTDW1\" style=\"\" rel=\"noopener\">Bloomberg<\/a> are leading with <strong>Israel pulling out of <\/strong><strong>Gaza peace talks<\/strong>. The <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/51cf54ed-55df-4369-bdef-6f98be17d26c\" style=\"\" rel=\"noopener\">Financial Times<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/02\/14\/world\/europe\/europe-nato-trump-ukraine.html\" style=\"\" rel=\"noopener\">New York Times<\/a> are looking at <strong>European defense policy<\/strong> in the wake of Republican presidential challenger Donald Trump\u2019s remarks about not defending Nato allies that fail to hit their defense spending targets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkish President Recep Tayyip Erdogan\u2019s visit to Cairo in more than a decade <\/strong>is also <a target=\"_blank\" href=\"http:\/\/www.bloomberg.com\/news\/articles\/2024-02-14\/turkey-s-erdogan-visits-egypt-to-mark-new-era-in-ties\" style=\"\" rel=\"noopener\">getting attention<\/a> as Cairo and Ankara look to turn a new page. EnterpriseAM Egypt has more coverage this morning. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oh, and Vladimir <\/strong><strong><a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/russia-putin-biden-trump-fb2fece0be7685624a3e3e379a8a3bd3\" style=\"\" rel=\"noopener\">Putin would prefer that Joe Biden be elected president<\/a><\/strong><strong> of the United <\/strong><strong>States<\/strong>, calling the sitting president \u201cmore experienced and predictable.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abdullah-bin-touq-al-marri\/\">Abdullah bin Touq Al Marri<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/starlink\/\">StarLink<\/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=\"89074\" 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=\"89074\">\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\">Tech<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/everything-you-need-to-know-about-the-last-day-of-wgs\/\">\r\n                            Abu Dhabi launches USD 300 mn Falcon Foundation                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown 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           \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/everything-you-need-to-know-about-the-last-day-of-wgs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1495.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89075\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/everything-you-need-to-know-about-the-last-day-of-wgs\/1495-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1495.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1495.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1495.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1495.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89074\" class=\"content-area-description single-story post-89074 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_tech tag-advanced-technology-research-council tag-ai tag-emirates-global-aluminium tag-enterpriseam-uae tag-falcon-foundation tag-tech tag-technology-innovation-institute 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\/.d5bc8948-71ea-4494-aa9c-b0be6df8b7f3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>AI was all the rage on the last day of WGS: <\/strong>Between the government inking several agreements and forging partnerships on AI adoption and advancement, as well as the launch the USD 300 mn AI fund, the last day of the World Governments Summit, which was held under the theme \u201cShaping Future Government,\u201d was very AI-heavy. <\/p>\n<p class=\"tag-border-left\">RESEARCH AND DEVELOPMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gov\u2019t earmarks USD 300 mn to foster AI development: <\/strong>State-backed research center <a target=\"_blank\" href=\"https:\/\/www.tii.ae\/\" style=\"\" rel=\"noopener\">Technology Innovation Institute<\/a>, the research arm of <a target=\"_blank\" href=\"https:\/\/www.atrc.gov.ae\/\" style=\"\" rel=\"noopener\">Advanced Technology Research Council<\/a> (ATRC), announced the launch of the Falcon Foundation, a USD 300 mn nonprofit fund dedicated to promoting the development of open-source AI models and facilitating AI research, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1n6ubt-technology-innovation-institute-launches-%E2%80%98falcon\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The fund\u2019s main goal will be to decentralize AI to ensure adaptive models that can be applied across various sectors, \u201csteering the trajectory of AI development towards greater transparency and accessibility,\u201d ATRC secretary general Faisal Al Bannai said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UNDP + UAE team up to advance digitalization:<\/strong> The government signed a partnership agreement with the United Nations Development Programme (UNDP) to cooperate on knowledge exchange, digitalization and AI solutions, UNDP administrator Achim Steiner <a target=\"_blank\" href=\"https:\/\/twitter.com\/ASteiner\/status\/1757534362978177356?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" style=\"\" rel=\"noopener\">said<\/a>. The partnership includes the development of a framework to leverage AI technologies, toward achieving the 2030 SDGs, <a target=\"_blank\" href=\"https:\/\/wam.ae\/ar\/article\/32glshrn-%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%88%D8%A8%D8%B1%D9%86%D8%A7%D9%85%D8%AC-%D8%A7%D9%84%D8%A3%D9%85%D9%85-%D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9-%D8%A7%D9%84%D8%A5%D9%86%D9%85%D8%A7%D8%A6%D9%8A\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p class=\"tag-border-left\">G2G PARTNERSHIPS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brazil\u2019s tech infrastructure is getting an upgrade with Falcon:<\/strong> ATRC inked an MoU with S\u00e3o Paulo\u2019s Secretariat of Management and Digital Government to integrate its AI-powered Falcon Large Language Models (LLMs) in Brazilian government services, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1ns9cp-s%C3%A3o-paulo-state-uae%E2%80%99s-atrc-collaborate-accelerate\" style=\"\" rel=\"noopener\">Wam<\/a>. Falcon LLM is an open-source AI model with 40 bn parameters, trained on 1 tn tokens to help advance applications, according to the TII\u2019s <a target=\"_blank\" href=\"https:\/\/falconllm.tii.ae\/falcon.html\" style=\"\" rel=\"noopener\">website<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> Tokens are how we quantify the AI\u2019s ability to read, learn, and understand from text. The more tokens, the wider the AI\u2019s knowledge base. Parameters are how we measure the AI\u2019s capability to solve complex problems. The ability to translate, generate and paraphrase text are all considered to be parameters. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Serbia is also going to use Falcon: <\/strong>Serbia\u2019s Information and Telecommunications Ministry also signed on to adopt ATRC\u2019s open-source model Falcon to advance AI integration in Serbia, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1ns9s4-serbia-signs-with-uae%E2%80%99s-atrc-encourage-use-falcon\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreement will also see Serbia encourage local organizations to join the fund to \u201ccontribute to the success of open-source Falcon models.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The AI office signed MoUs with Austria, Mongolia and Colombia <\/strong>to accelerate the adoption of AI across various industries, advance the development of AI-powered digital services, and ramp up private investments in AI, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1ns9fr-uae%E2%80%99s-office-signs-three-agreements-with-austria\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Under the agreements, the governments of the signatory countries will explore the prospects of introducing policies and establishing an international governmental committee to regulate AI technology. <\/p>\n<p class=\"tag-border-left\">INDUSTRIALS + ENERGY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates Global Aluminium also got in on the AI action:<\/strong> The AI office signed an MoU with <a target=\"_blank\" href=\"https:\/\/www.ega.ae\/en\" style=\"\" rel=\"noopener\">Emirates Global Aluminium<\/a> (EGA) to promote the adoption of AI tech in the industrial sector, according to a <a target=\"_blank\" href=\"https:\/\/media.ega.ae\/uae-ai-office-partners-with-emirates-global-aluminium-to-accelerate-ai-adoption-in-the-industrial-sector\/\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement will see EGA collaborate with the AI office to \u201cdevelop research partnerships for artificial intelligence, including for use in developing new aluminum alloys, and cooperate [on upskilling] EGA staff on artificial intelligence.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Energy Ministry debuted the Big Data Ecosystem and Digital Twin Platform at <\/strong><strong>the World Governments Summit<\/strong>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1ns96x-ministry-energy-and-infrastructure-launches-big\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The initiatives aim to use big data and AI for better decision-making and sustainable development in energy and infrastructure. The Digital Twin Platform creates accurate digital models of assets to improve infrastructure performance, decision-making, and resilience. It showcases live data on 3D models, aiding in areas like infrastructure protection, traffic management, climate change mitigation, and predictive maintenance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In other tech news:<\/strong><\/p>\n<ul>\n<li><strong>ATRC\u2019s arms AI71 and VentureOne will partner with Abu Dhabi Department of <\/strong><strong>Healt<\/strong>h to use AI71\u2019s AI-powered platform to improve diagnostic accuracy and draw up personalized treatment plans. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1ns9rz-abu-dhabi-department-health-ai71-join-forces\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<\/ul>\n<p class=\"tag-border-left\">ALSO FROM THE SIDELINES OF THE SUMMIT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi Chamber subsidiary<\/strong><strong><a target=\"_blank\" href=\"https:\/\/skea.ae\/\" style=\"\" rel=\"noopener\">Sheikh Khalifa Excellence Award<\/a><\/strong><strong> signed a partnership <\/strong><strong>agreement with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.skgep.gov.ae\/en\" style=\"\" rel=\"noopener\">Sheikh Khalifa Government Excellence Program<\/a><\/strong>to collaborate on setting unified standards for the assessment and evaluation of the private and public sectors to enhance the private sector\u2019s \u201cworkers\u2019 performance and work systems, leading to optimal financial and operational outcomes,\u201d <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1ns9iz-skea-inks-mou-with-sheikh-khalifa-government\" 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>AND-<\/strong><strong>President Sheikh Mohamed bin Zayed Al Nahyan met with more leaders <\/strong>on the sidelines of the World Government Summit:<\/p>\n<ul>\n<li><strong>Turkey:<\/strong> The president discussed with Turkish president Recep Tayyip Erdogan boosting economic cooperation and the situation in Gaza, reiterating the need to cease hostilities and prevent a wider war in the region. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b1n6ttp-uae-and-turkish-presidents-discuss-enhancing\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<li><strong>Kyrgyzstan: <\/strong>Cooperation and bilateral ties were the focus of a discussion with Kyrgyz President Sadyr Zhaparov. (<a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/February\/13-02\/Mohammed-bin-Rashid-meets-with-President-of-the-Kyrgyz-Republic\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>)<\/li>\n<li><strong>Cuba: <\/strong>Al Nahyan also discussed bilateral relations with Cuban Prime Minister Manuel Marrero Cruz, signing an agreement to promote cooperation and knowledge exchange. (<a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/February\/13-02\/Mohammed-bin-Rashid-meets-with-the-Prime-Minister-of-Cuba-at-the-World-Governments-Summit-2024\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/advanced-technology-research-council\/\">Advanced Technology Research Council<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-global-aluminium\/\">Emirates Global Aluminium<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/falcon-foundation\/\">Falcon Foundation<\/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\/technology-innovation-institute\/\">Technology Innovation Institute<\/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=\"89076\" 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=\"89076\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/adnoc-bp-to-form-gas-jv-in-egypt\/\">\r\n                            Adnoc, BP to form joint venture for developing gas assets in Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/adnoc-bp-to-form-gas-jv-in-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/adnoc-bp-to-form-gas-jv-in-egypt\/')\">\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\/15\/adnoc-bp-to-form-gas-jv-in-egypt\/\">\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=Adnoc, BP to form gas JV in Egypt&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/adnoc-bp-to-form-gas-jv-in-egypt\/\">\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\/15\/adnoc-bp-to-form-gas-jv-in-egypt\/&title=Adnoc, BP to form gas JV in Egypt\">\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=Adnoc%2C+BP+to+form+gas+JV+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F15%2Fadnoc-bp-to-form-gas-jv-in-egypt%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\/15\/adnoc-bp-to-form-gas-jv-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1414.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89077\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/adnoc-bp-to-form-gas-jv-in-egypt\/1414-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1414.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1414.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1414.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1414.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89076\" class=\"content-area-description single-story post-89076 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-adnoc tag-bp tag-energy tag-enterpriseam-uae tag-gibson-dunn tag-investment-watch tag-oil-and-gas 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\/.4a80f1f6-8eb2-4090-ac0c-dce2a5d492eb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Adnoc and BP team up on new gas JV in Egypt:<\/strong> State-owned Abu Dhabi National Oil Company (Adnoc) and UK energy giant BP have agreed to form a joint venture that will target the development of natural gas assets in Egypt, according to an Adnoc <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-and-bp-to-form-gas-joint-venture\/\" style=\"\" rel=\"noopener\">statement<\/a>. BP will bring the stakes it owns in three development concessions to the JV, as well as exploration concessions, while Adnoc will provide funds to support the venture\u2019s expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The concessions: <\/strong>The JV will see BP add its wholly-owned North Damietta concession, as well as its 50% share in North El Burg, and 10% share in Shorouk \u2014 which contains the Zohr field. BP will also add exploration concessions in North El Tabya, Bellatrix-Seti East and North El Fayrouz. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fast fact:<\/strong> Zohr, the Mediterranean\u2019s largest-ever gas find, accounts for some 38% of Egypt\u2019s gas output. The discovery of the field in 2018 allowed the country to <a target=\"_blank\" href=\"https:\/\/enterprise.press\/stories\/2018\/09\/30\/egypt-ends-natural-gas-imports\/\" style=\"\" rel=\"noopener\">pull the plug on gas imports<\/a> and turned it into a net natural gas exporter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ownership: <\/strong>BP will own 51% of the JV \u2014 which is expected to be formed during the second half of this year \u2014 while Adnoc will own the remainder.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors:<\/strong> Egypt\u2019s Matouk Bassiouny & Hennawy acted as Adnoc\u2019s local counsel and Gibson Dunn & Crutcher acted as its international counsel, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1456.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Norton Rose Fulbright was BP\u2019s international legal representative and Al Kamel Law Firm served as its local counsel. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline: <\/strong>The JV should be set up during 2H 2024, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story got ink<\/strong> in <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-14\/bp-and-adnoc-form-gas-joint-venture-to-focus-on-egypt\" style=\"\" rel=\"noopener\">Bloomberg<\/a> and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/adnoc-bp-form-egypt-gas-joint-venture-2024-02-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/bp\/\">BP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gibson-dunn\/\">Gibson Dunn<\/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\/oil-and-gas\/\">oil and gas<\/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=\"89078 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=\"89078\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/89078-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89078\" class=\"content-area-description single-story post-89078 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/801.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89079\" 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=\"89079\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/dubais-business-outlook-is-positive-for-1q-2024\/\">\r\n                            Dubai\u2019s business outlook is positive for 1Q 2024, according to Dubai Chambers                        <\/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\/15\/dubais-business-outlook-is-positive-for-1q-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/x.com\/intent\/post?text=Dubai\u2019s business outlook is positive for 1Q 2024&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/dubais-business-outlook-is-positive-for-1q-2024\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/dubais-business-outlook-is-positive-for-1q-2024\/&title=Dubai\u2019s business outlook is positive for 1Q 2024\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Dubai%E2%80%99s+business+outlook+is+positive+for+1Q+2024+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F15%2Fdubais-business-outlook-is-positive-for-1q-2024%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/dubais-business-outlook-is-positive-for-1q-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1471.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89080\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/dubais-business-outlook-is-positive-for-1q-2024\/1471-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1471.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1471.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1471.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1471.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89079\" class=\"content-area-description single-story post-89079 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-dubai tag-dubai-chambers tag-economy tag-enterpriseam-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.14a327d6-018e-4b6a-91e3-5807d50f62b3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Some 63% of CEOs and business managers in Dubai anticipate improvements in <\/strong><strong>the emirate\u2019s business climate in 1Q 2024<\/strong>, with Dubai Chambers\u2019 Business Climate Index for the quarter reaching 168 points, up from 144 points last year, according to a <a target=\"_blank\" href=\"https:\/\/www.dubaichambers.com\/en\/news\/business-climate-index-rising-for-q1-2024-reflects-optimism-about-dubais-economic-prospects\/\" style=\"\" rel=\"noopener\">Dubai Chambers<\/a> statement. The survey is based on responses from 507 Dubai-based CEOs and managers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Demand + sales outlook is high: <\/strong>Sixty percent of participants expect sales will grow q-o-q, while 29% predict sales to remain stable, according to the survey. Some 57% are planning to diversify their products and services, while 47% aim to boost production capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plenty will be seeking capital:<\/strong> Some 42% businesses are seeking additional capital during the quarter, the survey said, adding that 44% are planning to increase digital advertising budgets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cost management is also underway:<\/strong> Forty three percent of respondents plan to review or change their suppliers, and 41% aim to renegotiate rent or relocate to more cost-effective spaces, according to the survey. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong><strong>Rentals for office spaces <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/73d29163-be7f-4aae-98b1-b2ce7ce16b28\" style=\"\" rel=\"noopener\">are expected to climb<\/a><\/strong><strong> 10-15% y-o-y in 2024<\/strong> as new market entrants continue to pour into the emirate amid a booming property market, while established entities expand operations. Prices rose 21% y-o-y in 2023, with the sharpest increases witnessed in Downtown Dubai (45%) and Business Bay (36%), while sales prices rose 23% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A lot of businesses are looking to expand<\/strong>, with41% of respondents saying expansion is on the cards in 1Q 2024, the survey said. The GCC, India, UK, US, Egypt, and South Africa were the most common targets for expansion, it found. Of the 59% who said they do not plan to expand their operations geographically during the quarter, 25% are concentrating on local market growth.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-chambers\/\">Dubai Chambers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89081\" 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=\"89081\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/edf-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/\">\r\n                            EDF and Korea Western Power set to build UAE\u2019s 1.5 GW Al Ajban solar 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\/15\/edf-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/\" 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\/15\/edf-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/')\">\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\/15\/edf-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/\">\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=EDF + Korea Western Power set to build UAE\u2019s 1.5 GW Al Ajban solar project&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/edf-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/\">\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\/15\/edf-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/&title=EDF + Korea Western Power set to build UAE\u2019s 1.5 GW Al Ajban solar project\">\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=EDF+%2B+Korea+Western+Power+set+to+build+UAE%E2%80%99s+1.5+GW+Al+Ajban+solar+project+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F15%2Fedf-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project%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\/15\/edf-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1435.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89082\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/edf-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/1435-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1435.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1435.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1435.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1435.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89081\" class=\"content-area-description single-story post-89081 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-emirates-water-and-electric-company tag-energy tag-enterpriseam-uae tag-solar-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\/.d5dd8c6b-9126-4a67-9bc7-a5629ac28849.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Ewec taps EDF + Kowepco for Al Ajban project: <\/strong>The Emirates Water and Electricity Company (Ewec) has selected a consortium of France\u2019s EDF and Korea Western Power (Kowepco) to develop the 1.5 GW Al Ajban solar IPP project for an estimated investment ticket of USD 748 mn, <a target=\"_blank\" href=\"https:\/\/bitly.ws\/3daJ5\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing a Kowepco <a target=\"_blank\" href=\"https:\/\/bitly.ws\/3daJ7\" style=\"\" rel=\"noopener\">statement<\/a>. The plant will be located 70 km east of Abu Dhabi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>Construction on the plant will start in June and is set for completion in 2026. The consortium estimates the plant will generate around USD 2.24 bn in revenues. Ewec will be the sole offtaker for the project for 30 years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the project: <\/strong>Al Ajban \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/43031cf2-39a8-4286-aa35-e6dddbd11964\" style=\"\" rel=\"noopener\">Ewec\u2019s<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/43031cf2-39a8-4286-aa35-e6dddbd11964\" style=\"\" rel=\"noopener\">third solar power project<\/a> \u2014 is expected to generate enough electricity to power c. 160k homes across the country, according to the statement. It is set to raise Ewec\u2019s total solar power capacity to c. 4 GW and slash Abu Dhabi\u2019s carbon dioxide emissions by up to 2.4 mn tons annually. The company had originally planned to award the project by 4Q last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ewec has more in the works: <\/strong>The company invited developers to submit expressions of interest to establish its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ac5a6d33-aaf5-4511-a65a-c057c0232f85\" style=\"\" rel=\"noopener\">1.5 GW Khazna<\/a> solar farm last September and launched a tender process for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2de9eb52-064c-464f-b278-2280e0853d89\" style=\"\" rel=\"noopener\">battery energy storage system project<\/a> to complete the development, financing, construction, operation, maintenance, and ownership of the greenfield facility with a power capacity of 400 MW. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-water-and-electric-company\/\">Emirates Water and Electric Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/solar-energy\/\">solar 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=\"89083\" 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=\"89083\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/so-many-earnings\/\">\r\n                            Earnings watch: Taqa, Fertiglobe, Agthia, e&amp;, E7, Al Ansari Financial Services, Shuaa Capital,                        <\/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\/15\/so-many-earnings\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/so-many-earnings\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/so-many-earnings\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=So many earnings&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/so-many-earnings\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/so-many-earnings\/&title=So many earnings\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=So+many+earnings+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F15%2Fso-many-earnings%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/so-many-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1826.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89084\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/so-many-earnings\/1826-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1826.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1826.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1826.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1826.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89083\" class=\"content-area-description single-story post-89083 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-abu-dhabi-national-takaful-company tag-ajman-bank tag-al-ain-ahlia-ins-company tag-alliance-ins tag-amlak-finance tag-e7 tag-earnings-watch tag-enterpriseam-uae tag-fertiglobe tag-fujairah-cement-industries tag-gulf-navigation tag-hilly-holding tag-ins-house tag-naeem-holding-for-investments tag-shuaa-capital tag-taqa 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\/.61bf79ad-a7d5-42bb-9ff9-c4b6ea73ee65.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.taqa.com\/\" style=\"\" rel=\"noopener\">Abu Dhabi National Energy Company\u2019s (Taqa)<\/a><\/strong><strong> net income rose 107% y-o-y to <\/strong><strong>AED 16.7 bn in 2023<\/strong>, driven largely by a AED 10.8 bn one-off gain from a 5% stake in <a target=\"_blank\" href=\"https:\/\/adnocgas.ae\/\" style=\"\" rel=\"noopener\">Adnoc Gas<\/a>, which <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1398.pdf\" style=\"\" rel=\"noopener\">it got (pdf)<\/a> in recognition of Taqa and Adnoc Gas\u2019 partnerships, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1384.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Excluding the one-off gain, net income fell 13% y-o-y to AED 7 bn due to lower returns from its oil and gas business. Revenues remained relatively flat at AED 51.7 bn, up 3% from the previous year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>Taqa plans to shell out a total of AED 75 bn by 2030 as part of its expansion program. The expenditure will be directed to UAE-based transmission and distribution networks and Taqa\u2019s generation business, with 55% of investments going to renewable energy company <a target=\"_blank\" href=\"https:\/\/masdar.ae\/\" style=\"\" rel=\"noopener\">Masdar<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends: <\/strong>The board proposed full-year dividend payouts of AED 4.4 bn for 2023.<\/p>\n<p class=\"tag-border-left\">SHUAA CAPITAL- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shuaa Capital saw its net losses deepen 541% y-o-y to AED 866 mn in 2023<\/strong>, mainly attributed to noncash impairments associated with legacy assets and goodwill, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1420.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The firm reported a 34% increase in full-year revenues to AED 165 mn, fueled by expansion in core sectors, notably in asset management. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE-<\/strong> The investment bank plans to hold a general assembly to approve a share capital reduction, which will be followed by a capital increase before the end of June, in a bid to deleverage and strengthen its balance sheet, the earnings release said. The capital increase could raise some USD 150 mn via a rights issue, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-06\/dubai-s-shuaa-plans-rights-issue-after-alseddiqi-reduces-stake\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported previously.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong>Shuaa, which has been listed on the DFM since 2022, disclosed in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/214.pdf\" style=\"\" rel=\"noopener\">October filing (pdf)<\/a> that it plans to go through a \u201ccapital optimization\u201d process to increase its profitability and shed debt. One of Shuaa\u2019s largest shareholders <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/dubai-listed-shuaa-capitals-top-shareholder-sell-stake-steps-down-md-2023-08-14\/\" style=\"\" rel=\"noopener\">sold a 25% stake<\/a> and stepped down as managing director last year. <\/p>\n<p class=\"tag-border-left\">Adnoc L&amp;S-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc L&amp;S income increases 138% y-o-y in 2023:<\/strong> Adnoc Logistics and Services\u2019 earnings more than doubled in 2023 to USD 620 mn, up 138% y-o-y, the company said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1472.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company\u2019s revenues climbed 41% y-o-y to USD 2.7 bn. The company attributed the growth mainly to the robust performance of its logistics segment, which saw growth in demand for its jack-up barges, and other offshore support fleet, as well as increased logistics volumes, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1486.pdf\" style=\"\" rel=\"noopener\">financial analysis report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The quarter\u2019s results:<\/strong> Adnoc\u2019s logistics arm saw its net income increase 89% y-o-y to USD 165 mn in 4Q 2023, while its revenues climbed 26% y-o-y to USD 828 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> The company is recommending the distribution of USD 130 mn (AED 954 mn) in dividends for its 2H 2023 earnings, equivalent to 6.45 fils per share.<\/p>\n<p class=\"tag-border-left\">TABREED-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tabreed reported a 32% y-o-y drop in net income after minority interest to <\/strong><strong>AED 426 mn in 2023<\/strong><strong>, <\/strong>according to its <a target=\"_blank\" href=\"https:\/\/www.dfm.ae\/the-exchange\/news-disclosures\/disclosures\/dbd352bf-57d9-426b-838c-486d0f76273b\" style=\"\" rel=\"noopener\">financial statement (pdf)<\/a>. The company\u2019s bottom line was affected by a \u201cone-off, noncash accounting impact\u201d from recognizing AED 359 mn in deferred tax liabilities on the back of the UAE\u2019s new corporate tax, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1478.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company\u2019s revenues for the year grew 9% y-o-y to AED 2.4 bn.<\/p>\n<p class=\"tag-border-left\"> AL ANSARI FINANCIAL SERVICES- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Ansari Financial Services\u2019 net income fell 15.7% y-o-y to AED 495.2 mn in 2023<\/strong>, due to a temporary decline in its remittance business and increased expenses, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1443.pdf\" style=\"\" rel=\"noopener\">earrings release (pdf)<\/a>. The company\u2019s operating income dipped by 1.9% y-o-y to AED 269 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breakdown<\/strong>: The company recorded an 8% y-o-y dent in remittance operating income due tochallenges faced in key remittance markets like India, Egypt, and Pakistan. However diversification efforts resulted in a 9% y-o-y boost in non-remittance operating income, offsetting the downturn. Transactions across all services expanded by 8.5% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> The company will distribute a minimum dividend of AED 600 mn for 2023. Half of this amount was paid out in November 2023, with the remaining AED 300 mn set to be distributed in April 2024, pending approval from shareholders.<\/p>\n<p class=\"tag-border-left\">E7- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E7 reported a net loss of 51.1 mn in 2023<\/strong>,compared to a net income of AED 67.9 mn in 2022, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1402.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Net income was impacted by accounting treatment due to E7's listing on ADX as a de-spac entity \u2014 the first in the region \u2014 with one-off noncash listing expenses of AED 191.4 mn. Excluding the effects of the merger with ADC Acquisition Corporation, E7 achieved a 110% y-o-y increase in its bottom line, E7 CEO Ali Alnuaimi said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI: <\/strong>E7 Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cbae4a36-d432-4cb2-ab7e-d95ba087ae31\" style=\"\" rel=\"noopener\">completed its de-SPAC process<\/a> last month and is now listed on the ADX under the ticker symbol E7, following a merger with ADC Acquisition Corporation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Revenues saw a 10% y-o-y uptick to AED 631.9 mn<\/strong>, prompted by an increase in new clients, notably in the security solutions, commercial printing, and sustainable packaging units.<\/p>\n<p class=\"tag-border-left\">FERTIGLOBE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fertiglobe\u2019s bottom line dipped in 2023:<\/strong> UAE-headquartered urea and ammonia exporter and MENA\u2019s largest producer of nitrogen fertilizers Fertiglobe reported a 72% yo-y decline in adjusted net income after minorities to USD 363 mn, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1403.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues dipped 52% y-o-y to USD 2.4 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For 4Q 2023:<\/strong> The company saw a 48% y-o-y drop in its adjusted net income to USD 102.5 mn in 4Q 2023, while revenues fell 39% y-o-y to USD 645.9 mn in 4Q 2023. On a quarterly basis, the company saw its net income jump 149% q-o-q, while revenues increased 23% q-o-q.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends: <\/strong>The company announced plans to pay USD 200 mn in dividends for 2H 2023. <\/p>\n<p class=\"tag-border-left\">AGTHIA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADQ-owned F&amp;B firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.agthia.com\/\" style=\"\" rel=\"noopener\">Agthia Group<\/a><\/strong><strong>\u2019s net income rose 9.9% y-o-y to AED 299.6 mn in <\/strong><strong>2023<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1489.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company booked AED 4.6 bn in revenues, up 12% y-o-y. The growth was driven for most part by 38% y-o-y growth in revenues from its snacking portfolio, Agthia\u2019s top-performing segment, the company said. <\/p>\n<p class=\"tag-border-left\"> E&amp;- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>e&amp; reports<\/strong><strong> 3% y-o-y bottom line growth:<\/strong> Telecoms company <a target=\"_blank\" href=\"https:\/\/eand.com\/\" style=\"\" rel=\"noopener\">e&amp;<\/a> saw its net income increase 3% y-o-y to AED 10.3 bn amid rising demand for digital services, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1433.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The company\u2019s revenues inched up 2.5% y-o-y to AED 53.8 bn, slightly impacted by exchange rate volatility. Without accounting for the volatility, revenues increased 8.3% y-o-y.<\/p>\n<p class=\"tag-border-left\">PHOENIX GROUP- <\/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:\/\/phoenixgroupuae.com\/\" style=\"\" rel=\"noopener\">Phoenix Group<\/a><\/strong><strong> reported a 47% y-o-y increase in net income<\/strong> to AED 811 mn in 2023, on the back of revenue growth in the company\u2019s hosting and self-mining services, in addition to \u201cstrong performance from [the company\u2019s] investments in digital assets and associate investee companies,\u201d according to Phoenix\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1480.pdf\" style=\"\" rel=\"noopener\">ADX filing (pdf)<\/a>.However, the recently-listed bitcoin mining company saw its revenues slump 61% y-o-y to hit AED 2.7 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember- Phoenix debuted on ADX<\/strong> last <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a91af067-1959-4846-b417-55c43961b097\" style=\"\" rel=\"noopener\">December<\/a>, with shares soaring 35% on the first day of trading. The company owns over 23 businesses and nine mining facilities in the US, Canada, CIS, and the UAE, with a USD 2 bn crypto mining farm in the UAE, one of the largest in the Middle East.<\/p>\n<p class=\"tag-border-left\">OTHER EARNINGS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-based shipping company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.gulfnav.com\/\" style=\"\" rel=\"noopener\">Gulf Navigation<\/a><\/strong><strong> (Gulfnav) saw its bottom line grow <\/strong><strong>410% y-o-y to AED 23.8 mn in 2023<\/strong>,according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1439.pdf\" style=\"\" rel=\"noopener\">preliminary earnings (pdf)<\/a>. Gulfnav\u2019s topline fell 21% y-o-y to AED 108 mn on the back of increased maintenance and dry docking of vessels in its fleet, the disclosure noted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alliance Ins.\u2019 net income fell 14.4% y-o-y to AED 53.9 mn in 2023,<\/strong> according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1390.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The ins. Firm reported slightly improved revenues during the period, with AED 305.3 mn in revenues compared to AED 290.6 mn in 2022.<\/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:\/\/takaful.ae\/en\/\" style=\"\" rel=\"noopener\">Abu Dhabi National Takaful Company<\/a><\/strong><strong> reported net income attributable to <\/strong><strong>shareholders of AED 103 mn in <\/strong><strong>2023<\/strong>,up 48.7% from the previous year, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1376.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. Ins. revenues increased 50.8% y-o-y during the period to AED 675.2 mn.<\/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.insurancehouse.ae\/\" style=\"\" rel=\"noopener\">Ins. House<\/a><\/strong><strong> deepened its net losses by 50% y-o-y to AED 41.6 mn in 2023,<\/strong> on theback of \u201ccut-throat competition\u201d in the motor ins. segment, leading to low premiums, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1389.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The company\u2019s revenues remained relatively flat y-o-y at AED 251.6 mn.<\/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:\/\/fujairahcement.com\/\" style=\"\" rel=\"noopener\">Fujairah Cement Industries<\/a><\/strong><strong> widened its net losses by 26.4% y-o-y to AED 181.8 <\/strong><strong>mn in 2023<\/strong>, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1379.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The company\u2019s revenues fell 11.3% y-o-y to AED 332.2 mn during the year.<\/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:\/\/hilyholding.com\/\" style=\"\" rel=\"noopener\">Hily Holding<\/a><\/strong><strong>\u2019s net income fell 94.5% y-o-y to AED 4.2 mn in 2023, <\/strong>according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1387.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The company\u2019s revenues fell 51.8% y-o-y to AED 70.5 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Real estate financier <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.amlakfinance.com\/\" style=\"\" rel=\"noopener\">Amlak Finance<\/a><\/strong><strong> recorded a bottom line of AED 259.3 mn in <\/strong><strong>2023<\/strong>, down 45.5% from the previous year, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1395.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The company\u2019s revenues increased 5.5% y-o-y to AED 225.6 mn.<\/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.ajmanbank.ae\/\" style=\"\" rel=\"noopener\">Ajman Bank<\/a><\/strong><strong> posted a net loss of AED 390 mn in 2023, <\/strong>down from a net income of AED 162 mn in the previous year, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1427.pdf\" style=\"\" rel=\"noopener\">financial release (pdf)<\/a>. The bank attributes the loss to a \u201cone-off provision\u201d booked in 4Q 2023 to improve asset quality. Net operating income increased 31% during the period to AED 857 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ins. company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/takafulemarat.com\/\" style=\"\" rel=\"noopener\">Takaful Emarat<\/a><\/strong><strong> recorded a net loss of AED 64.8 mn in 2023 <\/strong>afterachieving a net income of AED 2.4 mn in the previous year, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1430.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. The company attributes the loss to \u201chigher medical claims expenses than expected,\u201d low-return investments, and debt payments. Revenues saw a 12.6% y-o-y uptick to AED 399.1 mn.<\/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:\/\/alaininsurance.com\/live\/\" style=\"\" rel=\"noopener\">Al Ain Ahlia Ins.<\/a><\/strong><strong>\u2019s net income fell 41.7% y-o-y to AED 34.6 mn in 2023, <\/strong>according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1431.pdf\" style=\"\" rel=\"noopener\">preliminary results (pdf)<\/a>. Ins. revenues climbed 29.1% during the period to AED 1.43 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-based brokerage and investment firm Al Ramz reported a net income of AED 39.7 mn, up 22% <\/strong><strong>y-o-y,<\/strong> according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1450.pdf\" style=\"\" rel=\"noopener\">earrings<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1450.pdf\" style=\"\" rel=\"noopener\">release (pdf)<\/a>. Total revenues rose some 15% y-o-y to AED 118.5 mn. Total assets rose 25% y-o-y to AED 1.2 bn, fueled by increased demand in the securities margin market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Naeem Holding for Investment reported a net loss of USD 81.2k,<\/strong> compared to USD 2.4 mn in net income in 2022, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1467.pdf\" style=\"\" rel=\"noopener\">preliminary financials (pdf)<\/a>. Revenues fell 54% y-o-y to USD 9.6 mn on the back of a decline in revenues from its real estate investments, due to most of the assets still being under construction, the disclosure said. <\/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.unitedfoods.ae\/\" style=\"\" rel=\"noopener\">United Foods Company<\/a><\/strong><strong>\u2019s net income rose 75% y-o-y<\/strong> to AED 30.7 mn in 2023, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1492.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. On the flip side, the firm saw its revenues fall 12% y-o-y to AED 565.3 mn on the back of global edible oil prices falling in 2023. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-national-takaful-company\/\">Abu Dhabi National Takaful Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ajman-bank\/\">Ajman Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-ain-ahlia-ins-company\/\">Al Ain Ahlia Ins. Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/alliance-ins\/\">Alliance Ins.<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/amlak-finance\/\">Amlak Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/e7\/\">E7<\/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\/fertiglobe\/\">Fertiglobe<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fujairah-cement-industries\/\">Fujairah Cement Industries<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gulf-navigation\/\">Gulf Navigation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hilly-holding\/\">Hilly Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ins-house\/\">Ins. House<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/naeem-holding-for-investments\/\">Naeem Holding for Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/shuaa-capital\/\">Shuaa Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/taqa\/\">Taqa<\/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=\"89085\" 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=\"89085\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/es-hatem-dowidar-joins-vodafones-board-abu-dhabi-heritage-authority-appoints-new-chairman\/\">\r\n                            e&amp;\u2019s Hatem Dowidar joins Vodafone\u2019s board + Abu Dhabi Heritage Authority appoints new chairman                        <\/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\/15\/es-hatem-dowidar-joins-vodafones-board-abu-dhabi-heritage-authority-appoints-new-chairman\/\" 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\/15\/es-hatem-dowidar-joins-vodafones-board-abu-dhabi-heritage-authority-appoints-new-chairman\/')\">\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\/15\/es-hatem-dowidar-joins-vodafones-board-abu-dhabi-heritage-authority-appoints-new-chairman\/\">\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=e&#038;\u2019s Hatem Dowidar joins Vodafone\u2019s board + Abu Dhabi Heritage Authority appoints new chairman&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/es-hatem-dowidar-joins-vodafones-board-abu-dhabi-heritage-authority-appoints-new-chairman\/\">\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\/15\/es-hatem-dowidar-joins-vodafones-board-abu-dhabi-heritage-authority-appoints-new-chairman\/&title=e&#038;\u2019s Hatem Dowidar joins Vodafone\u2019s board + Abu Dhabi Heritage Authority appoints new chairman\">\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=e%26%23038%3B%E2%80%99s+Hatem+Dowidar+joins+Vodafone%E2%80%99s+board+%2B+Abu+Dhabi+Heritage+Authority+appoints+new+chairman+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F15%2Fes-hatem-dowidar-joins-vodafones-board-abu-dhabi-heritage-authority-appoints-new-chairman%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\/15\/es-hatem-dowidar-joins-vodafones-board-abu-dhabi-heritage-authority-appoints-new-chairman\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/837.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89086\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/es-hatem-dowidar-joins-vodafones-board-abu-dhabi-heritage-authority-appoints-new-chairman\/837-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/837.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"837.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/837.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/837.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89085\" class=\"content-area-description single-story post-89085 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-abu-dhabi-heritage-authority tag-dhl tag-e tag-enterpriseam-uae tag-moves tag-vodafone 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\/.57088346-c746-4d4c-9440-dc3ca81cff7b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>e& CEO joins Vodafone\u2019s board:<\/strong> e& Group CEO Hatem Dowidar (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/hatem-dowidar-7362b6\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) is joiningVodafone Group as a non-executive director as of 19 February, after Vodafone received regulatory approvals, it said in a <a target=\"_blank\" href=\"https:\/\/www.vodafone.com\/news\/corporate-and-financial\/hatem-dowidar-to-join-vodafones-board-as-a-non-executive-director\" style=\"\" rel=\"noopener\">press release<\/a>. Dowidar will also become a member of the group\u2019s nominations and governance committee under the agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The board membership comes as part of a <a target=\"_blank\" href=\"https:\/\/www.vodafone.com\/news\/corporate-and-financial\/vodafone-emirates-telecommunications-strategic-relationship-europe-middle-east-africa\" style=\"\" rel=\"noopener\">strategic agreement<\/a> inked between the two telcos last year that sees them collaborate on several segments of their business, including procurement and technology. e& holds a 14.6% stake in Vodafone. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dowidar is no stranger to Vodafone: <\/strong>Prior to his appointment, Dowidar had served as CEO at Vodafone Egypt and Malta, and CEO of Vodafone's partnership arm Partner Markets.<\/p>\n<p class=\"tag-border-left\">AD HERITAGE AUTHORITY GETS A NEW CHAIR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi Heritage Authority gets a new chair: <\/strong>Abu Dhabi Crown Prince Khaled binMohamed bin Zayed Al Nahyan has appointed Faris Khalaf Al Mazrouei as chairman of the newly established Abu Dhabi Heritage Authority, according to an <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/government-affairs\/khaled-bin-mohamed-bin-zayed-issues-resolution-appointing-major-general-faris-khalaf-al-mazrouei-as-chairman-of-abu-dhabi-heritage-authority\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a> statement. Al Mazrouei is the major general of <a target=\"_blank\" href=\"https:\/\/www.adpolice.gov.ae\/en\" style=\"\" rel=\"noopener\">Abu Dhabi Police<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong>The Abu Dhabi Heritage Authority was established in <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/government-affairs\/in-his-capacity-as-ruler-of-abu-dhabi-the-uae-president-issues-law-establishing-abu-dhabi-heritage-authority\/\" style=\"\" rel=\"noopener\">January<\/a> in place of the Emirates Heritage Club and Abu Dhabi\u2019s cultural programs and Heritage Festivals Committee, helping support and develop traditional cultural initiatives.<\/p>\n<p class=\"tag-border-left\">DHL GLOBAL FORWARDING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DHL Global Forwarding UAE has a new country manager: <\/strong>DHL\u2019s specialized freight arm <a target=\"_blank\" href=\"https:\/\/www.dhl.com\/eg-en\/home\/global-forwarding.html\" style=\"\" rel=\"noopener\">DHL Global Forwarding<\/a> has appointed Samer Kaissi (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/samer-kaissi-4a916617\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">Linkedin<\/a>) as the new country manager of DHL Global Forwarding UAE effective immediately, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/people-in-the-news\/dhl-global-forwarding-strengthens-leadership-team-in-the-middle-east-and-africa-ughkp7w8\" 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\">He will also serve as CEO of Gulf DHL Global Forwarding. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Prior to the new appointment, Kaissi was CEO of Danzas for Dubai and Northern Emirates <\/strong>for over a decade. DHL <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/443c62f9-b8a6-46a4-af41-6a9d48b5e51d\" style=\"\" rel=\"noopener\">recently<\/a> completed its acquisition of <a target=\"_blank\" href=\"https:\/\/www.altayer.com\/ventures\/danzas\" style=\"\" rel=\"noopener\">Danzas AEI Emirates<\/a>, handing it full control of the company. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-heritage-authority\/\">Abu Dhabi Heritage Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dhl\/\">DHL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/e\/\">e&amp;<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/vodafone\/\">Vodafone<\/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=\"89087\" 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=\"89087\">\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\">TRENDING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/world-government-summit-updates-on-x\/\">\r\n                            World government summit updates on X                        <\/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\/15\/world-government-summit-updates-on-x\/\" target=\"_blank\">\n                    Open in new tab                    <!-- 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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/world-government-summit-updates-on-x\/1477-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1477.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1477.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1477.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1477.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89087\" class=\"content-area-description single-story post-89087 post type-post status-publish format-standard has-post-thumbnail hentry category-trending tag-enterpriseam-uae tag-trending tag-world-government-summit wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.9ec8e7ab-5117-47a5-b98b-2a9d080d9084.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The World Government Summit is doing the rounds on UAE X<\/strong>, with the hashtag <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/%D8%A7%D9%84%D9%82%D9%85%D8%A9_%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9_%D9%84%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A7%D8%AA?src=hashtag_click\" style=\"\" rel=\"noopener\">#\u0627\u0644\u0642\u0645\u0629_\u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629_\u0644\u0644\u062d\u0643\u0648\u0645\u0627\u062a<\/a> (World Government Summit), following the updates of the final day on <a target=\"_blank\" href=\"https:\/\/twitter.com\/worldgovsummit?lang=ar\" style=\"\" rel=\"noopener\">@WorldGovSummit<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div 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data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1464.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1464.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89090\" class=\"content-area-description single-story post-89090 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-ad-ports tag-also-on-our-radar tag-bahrain tag-batelco tag-e tag-enterpriseam-uae tag-healthcare tag-hub71 tag-logistics tag-m42 tag-startups tag-telecoms tag-uae-india-relations wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.2bdeca4b-29a6-4192-ad71-c79cad94f7ac.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">LOGISTICS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>AD Ports eyes port developments in India<\/strong>: UAE-based port operator <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/\" style=\"\" rel=\"noopener\">AD Ports Group<\/a> inked two MoUs with Indian port operator <a target=\"_blank\" href=\"https:\/\/gmbports.org\/\" style=\"\" rel=\"noopener\">Gujarat Maritime Board<\/a> and transport and infrastructure company <a target=\"_blank\" href=\"https:\/\/www.rites.com\/\" style=\"\" rel=\"noopener\">Rites<\/a> to boost port and transport infrastructure in India, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2024\/02\/14\/ad-ports-group-signs-strategic-mous-with-gujarat-maritime-board-and-rites-limited\" style=\"\" rel=\"noopener\">press release<\/a>. No investment ticket or timelines for the agreements were disclosed in the statement. <strong>The breakdown: <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The company will look into the possibility of<\/strong><strong>constructing new ports and expanding and <\/strong><strong>upgrading infrastructure of existing ones in India<\/strong>, as well as establishing a \u201cport city\u201d in Gujarat, under the MoU with Gujarat Maritime Board, the statement said. The agreement will also see the two sides explore proposals for direct and indirect investments, joint ventures, and green port initiatives, as well as cooperate on maritime training. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>The MoU with Rites will see the pair explore investments in ports, logistics parks, <\/strong><strong>economic and freezones, rail, and other logistics infrastructure<\/strong>, while highlighting sustainability and advanced technologies. The two sides will also study partnerships to develop the planned India-Middle East-Europe Economic Corridor (IMEC), <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/006b0021-b805-4530-8567-591e16bebdf8\" style=\"\" rel=\"noopener\">unveiled at a recent G20 summit<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> India and the UAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/acf684f5-67a7-4853-8f18-f128d27f5f68\" style=\"\" rel=\"noopener\">inked a protocol<\/a> on Tuesday to establish a multimodal trade corridor in a step that adds momentum to the IMEC project. The two countries also inked an investment pact, following <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\">news<\/a> of the government planning to invest USD 50 bn in India this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TELECOMS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/eand.com\/\" style=\"\" rel=\"noopener\">e&<\/a><\/strong><strong> will land Bahraini telecoms group <\/strong><strong><a target=\"_blank\" href=\"https:\/\/batelco.com\/\" style=\"\" rel=\"noopener\">Batelco<\/a><\/strong><strong>\u2019s 1.4k km Al Khaleej subsea data cable <\/strong><strong>in the UAE<\/strong>, according to a company <a target=\"_blank\" href=\"https:\/\/batelco.com\/business\/batelco-signs-with-e-to-land-al-khaleej-subsea-cable-in-uae-to-strengthen-connectivity-among-gcc-countries\/\" style=\"\" rel=\"noopener\">statement<\/a>. The Al Khaleej cable, which is set to improve data exchange and communication between Bahrain and neighboring Gulf countries, including Oman and Qatar, is scheduled to come online in 2Q 2026. <\/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\">STARTUPS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hub71 teams up with Stride Ventures to support Abu Dhabi startups: <\/strong>Abu Dhabi-based tech accelerator <a target=\"_blank\" href=\"https:\/\/www.hub71.com\/\" style=\"\" rel=\"noopener\">Hub71<\/a> inked a partnership agreement with Indian venture debt fund <a target=\"_blank\" href=\"https:\/\/strideventures.in\/\" style=\"\" rel=\"noopener\">Stride Ventures<\/a> to provide Abu Dhabi-based startups with funding and mentorship, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/hub71-and-stride-ventures-join-forces-to-foster-innovation-in-abu-dhabi-raxtjy8x\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EDUCATION- <\/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.sharjah.ac.ae\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">University of Sharjah<\/a><\/strong><strong> signed an agreement with the Education Ministry<\/strong> to boost cooperation and attract more high-performing students to the university, <a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/ar\/Articles\/2024\/02\/14\/aa4\" style=\"\" rel=\"noopener\">Sharjah24<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Islamic Bank has launched a new credit card \u2014 Shams Visa \u2014 in <\/strong><strong>partnership with Visa<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dubai-islamic-bank-launches-shams-credit-card-in-partnership-with-visa-vh8m65h9\" style=\"\" rel=\"noopener\">press release<\/a>. New cardholders receive a range of benefits, including 20% cashback on online purchases with certain merchants.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ad-ports\/\">AD Ports<\/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\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/batelco\/\">Batelco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/e\/\">e&amp;<\/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\/hub71\/\">Hub71<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/m42\/\">M42<\/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\/telecoms\/\">telecoms<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-india-relations\/\">UAE-India relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89092\" 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=\"89092\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/15\/us-recession-worries-recede\/\">\r\n                            US recession worries recede                        <\/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\/15\/us-recession-worries-recede\/\" 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 survey found that 22% of those surveyed see a recession happening in 2025, while 36% see this happening in 2026 or later.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But inflation forecasts aren\u2019t as rosy: <\/strong>Two thirds believe it is likely or very likely that the US will end the year with inflation still above 2.5% \u2014 20% above the Fed\u2019s target for the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Analysts are losing sleep over China\u2019s economy, Israel\u2019s war on Gaza, and the US<\/strong><strong> elections: <\/strong>A commanding 97% of those surveyed thought there was a moderate to high probability that instability in the Middle East could adversely impact the economy by disrupting global supply chains and pushing Brent crude above USD 90 a barrel. Similarly concerning to analysts and forecasters was instability around the US elections, which 85% saw having a moderate to high probability of having a negative effect on the economy. China\u2019s stagnant economy also had 90% of respondents worrying about its effect on the US economy.<\/p>\n<p><a target=\"_blank\" id=\"t.4512942488bf04672ef7033851d9fb2c7b8baf55\" 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\">9,395<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: -1.9%)<\/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>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\">4,223<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +4.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3,795<\/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: -1.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">12,438<\/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: +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>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\">28,874<\/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\">+1.0% (YTD: +16.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,974<\/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: +4.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,568<\/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: -2.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,709<\/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: +4.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 81.60<\/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%<\/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 1.61<\/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\">-4.7%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,004<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 51,737<\/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\">+4.6% (YTD: +22.1%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.5% yesterday<\/strong> on turnover of AED 1 bn. The index is down 1.9% 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>Emirates Stallions Group (+14.8%), RAPCO Investment (+9.8%) and Abu Dhabi National Hotels (+5.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Fujairah Cement Industries (-8.1%), Eshraq Investments (-7.5%) and Julphar Gulf Pharmaceutical Industries (-6.8%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index rose 0.1% on turnover of AED 478.7 mn, while in Nasdaq Dubai, the index rose 1.4%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are comfortably in the green in early trading this morning<\/strong> as they start clawing back yesterday\u2019s losses. Europe is looking to open in the green, while US stock futures were essentially flat at dispatch time this morning as Wall Street to build on yesterday\u2019s modest rebound. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong>The National Bank of Umm Al Qaiwain received central bank approval to distribute AED 300 mn in dividends for 2023<\/strong>, equivalent to 15% of the share capital, according to the bank's <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1455.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Union Properties issues final notice following ex-chairman\u2019s payment default: <\/strong>Union Properties will proceed with asset sales after former chairman Khalifa Al Hammadi failed to meet the terms of a settlement agreement, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1458.pdf\" style=\"\" rel=\"noopener\">DFM disclosure<\/a>. The agreement, initiated in October, obligated Al Hammadi and others to repay AED 620 mn to Union Properties, the terms of which were not met, <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/property\/dubai-developer-union-properties-to-soon-get-dh620m-in-instalments-from-ex-chairman-khalifa-al-hammadi-others-1.1696483536580\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cryptocurrency-us\/\">cryptocurrency. US<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89094\" 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\/15\/89094-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89094\" class=\"content-area-description single-story post-89094 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>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 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;\">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 style=\"font-weight:400;\">, Abu Dhabi Corniche.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19 February (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.eventbrite.com\/e\/let-web3-happen-in-dubai-unleashing-the-potential-of-socialfi-tickets-792926012047\" style=\"\">Let Web3 Happen in Dubai<\/a><\/span><span>, Bybit HQ, <\/span><span>Dubai<\/span><span>. <\/span><\/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>7 March (Thursday):<\/span><span> Beyond Global Trade, <\/span><span>Edition <\/span><span>Hotel<\/span><span>, <\/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>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\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>USD 300 mn Falcon Foundation launch | Adnoc + BP\u2019s Egypt gas JV | Positive 1Q business outlook in Dubai | EDF + Kowepco on Al Ajban solar project<\/p>\n","protected":false},"featured_media":89071,"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-89070","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1c67e268-5371-4185-b362-f70a03d214da","teaser":"USD 300 mn Falcon Foundation launch | Adnoc + BP\u2019s Egypt gas JV | Positive 1Q business outlook in Dubai | EDF + Kowepco on Al Ajban solar project","photo_url":"https:\/\/ent.news\/2024\/2\/1203.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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