{"id":89249,"date":"2024-02-21T00:00:00","date_gmt":"2024-02-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=89249"},"modified":"2025-12-14T23:33:06","modified_gmt":"2025-12-14T23:33:06","slug":"a-big-day-for-ma-e-expands-to-bulgaria-mubadala-said-to-eye-heathrow-mcdonalds-china-stakes","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/a-big-day-for-ma-e-expands-to-bulgaria-mubadala-said-to-eye-heathrow-mcdonalds-china-stakes\/","title":{"rendered":"A big day for M&#038;A: e&#038; expands to Bulgaria + Mubadala said to eye Heathrow, McDonald\u2019s China stakes"},"content":{"rendered":"<section id=\"89251\" 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=\"89251\">\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\/21\/mubadala-is-said-to-eye-heathrow-mcdonalds-china-stakes\/\">\r\n                            THIS MORNING: Mubadala is said to eye Heathrow, McDonald\u2019s China stakes                        <\/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\/21\/mubadala-is-said-to-eye-heathrow-mcdonalds-china-stakes\/\" 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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Check out the Knowledge and Human Development Authority\u2019s <a target=\"_blank\" href=\"https:\/\/web.khda.gov.ae\/en\/Resources\/academic-calendar-dubai-private-schools\" style=\"\" rel=\"noopener\">academic calendar<\/a> for the current year for the rundown. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#2- <\/strong><strong>Building materials companies get warning on price hikes, price fixing: <\/strong>The federal Ministry of Economy is <a target=\"_blank\" href=\"https:\/\/x.com\/UAEmediaoffice\/status\/1759596217825128495?s=20\" style=\"\" rel=\"noopener\">warning suppliers of building materials<\/a> that it will act against \u201cany coordinated practices by companies to increase prices\u201d and reminding buyers to bow the whistle if they feel sellers are engaged in price gauging. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The issue: <\/strong>Prices of building materials crept up starting last September when officials <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/cbe61cdc-a66b-4863-8569-3c89de34a45e#:~:text=%E2%80%9Cthe%20new%20amendments%20support%20the%20government%E2%80%99s%20efforts%20to%20ensure%20our%20infrastructure%20is%20one%20of%20the%20safest%20and%20most%20technologically%20advanced%20in%20the%20world%2C%E2%80%9D%20\" style=\"\" rel=\"noopener\">announced<\/a> a ban on trucks capable of hauling 65 tons or more. The ban was due to take effect on 1 February, but policymakers <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/26868934-27b4-44e7-a8b3-6c41a5dca8d4\" style=\"\" rel=\"noopener\">pushed back<\/a> implementation as the the Energy and Infrastructure Ministry said it would re-examine the measure. <\/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=\"wwtt2\"><\/a> <strong>DXB plans to introduce its smart corridor check-in process before 3Q 2024<\/strong>, Dubai Airports COO Majed Al Joker told state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1qrfme-dubai-airports-smart-corridor-become-operational\" style=\"\" rel=\"noopener\">Wam<\/a>. The process aims to expedite check-ins, allowing passengers to move directly from check-in to boarding without \u201cunnecessary stops,\u201d Al Joker said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DXB is set to receive ongoing investments ranging from AED 6 bn to AED 10 bn<\/strong> for facility upgrades, transit area developments, and new technology, Al Joker said, without providing a timeline or other details on the capex plan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/8493604e-fa7f-40ee-a8f9-7b7ea830d374\/UAE-entrepreneurs-have-a-strong-appetite-for-international-expansion\" style=\"\" rel=\"noopener\">Passenger traffic<\/a> at Dubai International Airport (DXB) rose 31.7% y-o-y to 87 mn passengers in 2023, marking a recovery to pre-pandemic levels. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Traffic is set to grow to 88.8 mn<\/strong><strong>passengers in 2024<\/strong>, before reaching a record 93 mn passengers in 2025 and 97 mn in 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\">WHISPERS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a>  <strong>#1- Mubadala to become third GCC shareholder in London\u2019s Heathrow? <\/strong>Abu Dhabi\u2019s <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/en\/\" style=\"\" rel=\"noopener\">Mubadala<\/a> is in talks to purchase a stake in London\u2019s Heathrow airport after Paris-based buyout firm <a target=\"_blank\" href=\"https:\/\/www.ardian.com\/\" style=\"\" rel=\"noopener\">Ardian<\/a> approached the wealth fund to join an in-process transaction, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-20\/abu-dhabi-s-uae-fund-mubadala-considering-stake-in-london-heathrow-airport\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people who are familiar with the matter. If it goes ahead, Mubadala would join Saudi Arabia\u2019s Public Investment Fund and the Qatar Investment Authority as the third GCC wealth fund to hold a stake in the airport. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s up for grabs?<\/strong> Spain-based infrastructure firm Ferrovial agreed in November <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fd07d732-6415-45fc-a431-f60cb6ba06a8\" style=\"\" rel=\"noopener\">to sell its<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fd07d732-6415-45fc-a431-f60cb6ba06a8\" style=\"\" rel=\"noopener\">25% stake<\/a> in Heathrow in November, with PIF taking a 10% stake and Ardian taking 15%, each though a separate vehicle. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The issue: <\/strong>Shareholders holding a combined <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/24422466-f1c2-4b31-968e-4608b7febc7b\" style=\"\" rel=\"noopener\">35% stake<\/a> in the airport have invoked tag-along rights, effectively requiring they be bought out or the full sale doesn\u2019t go through. PIF has for more than a month now been said not to be interested in more than a 10% stake, but Ardian might consider taking a larger position, Bloomberg reports. Ardian needs to find additional partners to snap up the additional 35% stake or risk the transaction going bust.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Mubadala is also mulling investing in McDonald\u2019s China<\/strong>, along with Qatar Investment Authority and China Investment Corp, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-20\/sovereign-wealth-funds-said-to-eye-mcdonald-s-china-investment\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, with a minority stake apparently up for grabs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s selling?<\/strong> A consortium under Chinese conglomerate <a target=\"_blank\" href=\"https:\/\/www.citic.com\/\" style=\"\" rel=\"noopener\">Citic<\/a>, which holds 52% of McDonald\u2019s China through its private equity arm Trustar Capital, has been reportedly weighing its options to divest from the business, including transferring its majority stake to a new investment vehicle, Bloomberg writes. McDonald\u2019s Corporation now owns the remaining 48% after buying Carlyle Group\u2019s 28% minority stake in <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-20\/mcdonald-s-mcd-buys-back-carlyle-s-minority-stake-in-china-business\" style=\"\" rel=\"noopener\">November<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala is on course to grow its foothold in Asia and \u201chas a strong pipeline of potential <\/strong><strong>investments,\u201d<\/strong> a Mubadala spokesperson told Bloomberg when asked about the potential transaction. <\/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 POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Food and beverage companies in the UAE racked up USD 16.4 bn worth of retail sales in <\/strong><strong>2023<\/strong>, according to Euromonitor data made public by the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/February\/20-02\/Dubai-International-Chamber-Gulfood\" style=\"\" rel=\"noopener\">Dubai media office<\/a>. A breakdown of the numbers:<\/p>\n<ul>\n<li><strong>E-commerce platforms sold F&B worth USD 1.1 bn<\/strong>, a number expected to rise 9.5% by 2027;<\/li>\n<li><strong>Packaged food <\/strong><strong>hit<\/strong><strong> USD 6.6 bn in 2023<\/strong>, and sales are expected to rise to a value of USD 8.3 bn by 2028;<\/li>\n<li><strong>Fresh food retail sales are projected to climb at a 4.7% CAGR to USD 12.4 bn in 2028<\/strong>, up from USD 9.8 bn in 2023;<\/li>\n<li><strong>Beverage retail sales are expected to rise from USD 1.6 bn to USD 2 bn<\/strong> by 2028. <\/li>\n<\/ul>\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.dewa.gov.ae\/en\/\" style=\"\" rel=\"noopener\">Dubai Electricity & Water Authority (Dewa)<\/a><\/strong><strong> approved more than 8k applications for no <\/strong><strong>objection<\/strong><strong> certificates (NOCs) last year<\/strong>, marking a 39% y-o-y increase, reports state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1rcutd-39-increase-noc-applications-for-infrastructure\" style=\"\" rel=\"noopener\">Wam<\/a>. The increaseis attributed to increased demand for electricity and water from new developments in Dubai. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#1- Star women\u2019s tennis players are here the Dubai Dutyfreee Championships: <\/strong>World No.1 <strong>Iga <\/strong><strong>Swiatek<\/strong>is among those on court for the WTA event, which kicked off on Sunday, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/sports\/osaka-joins-glittering-roster-at-dubai-duty-free-tennis-championships\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. The World Tennis Association tour will run until Saturday, 2 March. <a target=\"_blank\" href=\"http:\/\/www.dubaidutyfreetennischampionships.com\" style=\"\" rel=\"noopener\">You can buy tickets for both the women\u2019s WTA tournament and the men\u2019s ATP here.<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Swiatek and Coco Gauff have made it to the third round<\/strong>, while Aryna Sabalenka made a shock exit yesterday, losing 6-7 (5-7) 6-3 6-0 to Donna Veki<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The world's largest F&B event, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.gulfood.com\/\" style=\"\" rel=\"noopener\">Gulfood 2024<\/a><\/strong><strong>, continues at Dubai World Trade Centre: <\/strong>The event brings together suppliers, distributors, and chefs, to discuss the future of F&B. The event opened its doors on Sunday and concludes this Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubai.stepconference.com\/\" style=\"\" rel=\"noopener\">Step Conference<\/a><\/strong><strong> kicks off today <\/strong>at Dubai Internet City. The high-profile two-day event will host 400 startups and hundreds of global tech investors for tracks including fintech, wellness, earth, and AI. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- UAE Innovates 2024 resumes in Sharjah, Fujairah and Ras Al Khaimah<\/strong>, before its final stop in Dubai this 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>#5-<\/strong><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.idctconference.org\/\" style=\"\" rel=\"noopener\">International Dialogue of Civilizations and Tolerance Conference<\/a><\/strong><strong> concludes today <\/strong>at the Abu Dhabi National Exhibition Centre.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- The Ajman Real Estate Investment Exhibition kicks off its second day today<\/strong>,reports <a target=\"_blank\" href=\"https:\/\/www.elbalad.news\/6114322\" style=\"\" rel=\"noopener\">El<\/a><a target=\"_blank\" href=\"https:\/\/www.elbalad.news\/6114322\" style=\"\" rel=\"noopener\">Balad<\/a>. Organized by Ajman\u2019s Land and Real Estate Regulation department, the three-day showcase includes presentations and dialogue on Ajman\u2019s property sector, to promote investment in real estate projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- CBUAE to hold AED 18.5 bn m-bill auction: <\/strong>The Central Bank of the UAE (CBUAE) will take to auction four m-bill issuances worth up to AED 18.5 bn tomorrow, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1794.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Three of the m-bills are tap issuances.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Decoding central bank speak:<\/strong> M-bills are short-term securities issued in AED by the CBUAE at no interest. The bonds typically have maturity dates of one to 12 months and are not retrievable through any other listing. A tap issuance allows the CBUAE to more finely control money supply by allowing it the flexibility to continue selling bills past the initial auction date.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.fnc-group.com\/Freight-Forwarders-Conference-2024\" style=\"\" rel=\"noopener\">International Freight Forwarders Conference 2024<\/a><\/strong><strong> gets underway tomorrow <\/strong>and wraps next Sunday, 24 February. The logistics event brings global freight forwarders to the Hyatt Hotel in Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/tasteofdubaifestival.com\/\" style=\"\" rel=\"noopener\">Taste of Dubai<\/a><\/strong><strong> opens its doors this Friday.<\/strong> The four-day food festival will bring together 16 of the emirates' best restaurants at Dubai Marina\u2019s Skydive Dubai.<\/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\n<p class=\"tag-border-left\">CIRCLE YOUR CALENDAR<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mobility startups can pitch ideas for sustainable transportation solutions<\/strong> at Dubai\u2019s <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/road-and-transport-authority_rta-activity-7163781580728082432-vFBz\/?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">Roads and Transport Authority\u2019s Startups Challenge<\/a>, held concurrently with <a target=\"_blank\" href=\"https:\/\/uaeinnovates.gov.ae\/\" style=\"\" rel=\"noopener\">UAE Innovates<\/a>, starting February 26. You can register for the challenge by sending a nomination request <a target=\"_blank\" href=\"mailto:Innovation@rta.ae\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The World Trade Organization\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wto.org\/english\/thewto_e\/minist_e\/mc13_e\/mc13_e.htm\" style=\"\" rel=\"noopener\">Ministerial Conference<\/a><\/strong><strong> is scheduled from Monday, 26 <\/strong><strong>February, to Thursday, 29 February<\/strong>, in Abu Dhabi. Trade ministers are meeting \u201cat a difficult conjuncture\u201d this year, with factors like regional and eastern European geopolitical tensions and upcoming election threatening to hamper negotiations for global trade agreements, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/wars-elections-complicate-deal-making-ahead-abu-dhabi-meeting-wto-chief-2024-02-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> cites WTO Director-General Ngozi Okonjo-Iweala as telling reporters in Geneva.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/investopia.ae\/\" style=\"\" rel=\"noopener\">Investopia Summit<\/a><\/strong><strong> will take place from Wednesday, 28 February, to Thursday, 29 <\/strong><strong>February<\/strong>, in Abu Dhabi. The two-day event will run under the theme \u201cEmerging Economic Frontiers: Investing in Fast-Growing Sectors in the New Economy,\u201d gathering investors, government officials, and entrepreneurs to explore investments in strategic markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.menatransport.org\/website\/3387\/\" style=\"\" rel=\"noopener\">MENA Transport Congress and Exhibition<\/a><\/strong><strong> 2024 is set to take place from 28 February <\/strong><strong>to 1 March at the Dubai World Trade Centre<\/strong>. Look for 2k attendees and 65 speakers, including industry leaders, researchers, and government officials to be in attendance.<\/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.woodshowglobal.com\/dubai\" style=\"\" rel=\"noopener\">Dubai WoodShow<\/a><\/strong><strong> is scheduled to start Tuesday, 5 March<\/strong>, at the Dubai World Trade Centre. The two day event will welcome more than 680 international exhibitors, showcasing the latest trends and technologies in the global wood and woodworking machinery sector, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/dubai-woodshow-to-commence-on-march-5-featuring-682-local-and-international-exhibitors-a95utwgz\" 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>Beyond Global Trade opens its doors on Thursday, March 7<\/strong> at the Edition Hotel in Dubai, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/al-tamimi-%26-company_al-tamimi-company-in-collaboration-with-activity-7163393924525506560-cmNz\/?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">LinkedIn statement<\/a>. The event \u2014 held in collaboration between the Economy Ministry, LexisNexis and law firm Al Tamimi \u2014 will see speakers from the UAE government, the United Nations Commission on International Trade Law, and Emirati businesses discuss trade and tech, including digital trade, e-commerce, data protection, and consumer rights. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai to host the Airport show in May:<\/strong> The largest annual exhibition dedicated to the region's airports industry, the Airport Show, is set to take place in Dubai from 14 to 16 May, 2024, at the Dubai World Trade Centre, according to the <a target=\"_blank\" href=\"https:\/\/www.theairportshow.com\/\" style=\"\" rel=\"noopener\">event website<\/a>. The event will showcase around 150 exhibitors from over 20 countries, attracting an expected 7.5k visitors from over 30 countries.<\/p>\n<p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/building-materials\/\">building materials<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/data\/\">data<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-international-airport-dxb\/\">Dubai International Airport (DXB)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/heathrow\/\">Heathrow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89253\" 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=\"89253\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/e-expands-to-bulgaria-with-telco-infrastructure-buys\/\">\r\n                            e&amp; gets greenlight from Bulgarian watchdog to snap up two telcos                        <\/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\/21\/e-expands-to-bulgaria-with-telco-infrastructure-buys\/\" 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\/21\/e-expands-to-bulgaria-with-telco-infrastructure-buys\/')\">\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\/21\/e-expands-to-bulgaria-with-telco-infrastructure-buys\/\">\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; expands to Bulgaria with telco + infrastructure buys&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/e-expands-to-bulgaria-with-telco-infrastructure-buys\/\">\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\/21\/e-expands-to-bulgaria-with-telco-infrastructure-buys\/&title=e&#038; expands to Bulgaria with telco + infrastructure buys\">\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+expands+to+Bulgaria+with+telco+%2B+infrastructure+buys+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F21%2Fe-expands-to-bulgaria-with-telco-infrastructure-buys%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\/21\/e-expands-to-bulgaria-with-telco-infrastructure-buys\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1978.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89254\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/e-expands-to-bulgaria-with-telco-infrastructure-buys\/1978-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1978.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1978.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1978.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1978.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89253\" class=\"content-area-description single-story post-89253 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-e tag-enterpriseam-uae tag-etisalat tag-ma-watch tag-telecoms wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.f2555862-00c7-4dd7-a493-fec8904d5674.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>e& gets the all-clear for acquisition of stakes in two Bulgarian telcos:<\/strong> Mobile operator <a target=\"_blank\" href=\"https:\/\/eand.com\/\" style=\"\" rel=\"noopener\">Etisalat by<\/a><a target=\"_blank\" href=\"https:\/\/eand.com\/\" style=\"\" rel=\"noopener\">e&<\/a> is set to snap up a majority stake in Bulgarian mobile operator <a target=\"_blank\" href=\"https:\/\/www.yettel.bg\/bg\" style=\"\" rel=\"noopener\">Yettel Bulgaria<\/a> and telecoms infrastructure provider <a target=\"_blank\" href=\"https:\/\/www.cetinbg.bg\/\" style=\"\" rel=\"noopener\">Cetin Bulgaria<\/a> from Czech investment firm <a target=\"_blank\" href=\"https:\/\/www.ppf.eu\/en\" style=\"\" rel=\"noopener\">PPF Group<\/a>. Bulgaria\u2019s <a target=\"_blank\" href=\"https:\/\/www.cpc.bg\/en\/homepage\" style=\"\" rel=\"noopener\">Competition Protection Commission<\/a> greenlit the acquisition on Sunday, <a target=\"_blank\" href=\"https:\/\/seenews.com\/news\/bulgarian-regulator-clears-etisalat-by-e-buy-of-ppf-telecom-assets-848933\" style=\"\" rel=\"noopener\">SeeNews<\/a> reports (more <a target=\"_blank\" href=\"https:\/\/reg.cpc.bg\/Dossier.aspx?DossID=300059740\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1974.pdf\" style=\"\" rel=\"noopener\">here<\/a>, the latter in Bulgarian).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Etisalat by e& agreed in <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/uaes-e-signs-binding-agreement-with-ppf-group-acquire-controlling-stake-2023-08-01\/\" style=\"\" rel=\"noopener\">August 2023<\/a> to purchase a 50% plus one share in PPF Group\u2019s telecoms units in Bulgaria, Hungary, Serbia, and Slovakia for EUR 2.5 bn (AED 9.9 bn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Disclaimer: <\/strong>It\u2019s not clear whether the entire EUR 2.5 bn transaction is now set to go through, with no reports of approvals from regulators in Hungary, Serbia, and Slovakia. The acquisition was expected to close before 1Q 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The acquisitions will allow e& to expand its customer base<\/strong> and \u201cestablish a major telecommunications presence in Central and Eastern Europe,\u201d e& CEO Hatem Dowidar said in <a target=\"_blank\" href=\"https:\/\/www.ppf.eu\/en\/press-release\/ppf-announces-partnership-with-global-technology-group-e\" style=\"\" rel=\"noopener\">August<\/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\/e\/\">e&amp;<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etisalat\/\">Etisalat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/telecoms\/\">telecoms<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89255\" 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=\"89255\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/binghatti-takes-debut-benchmark-usd-sukuk-to-market\/\">\r\n                            Binghatti to launch debut USD sukuk to fund land acquisitions and debt restructuring                        <\/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\/21\/binghatti-takes-debut-benchmark-usd-sukuk-to-market\/\" 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\/21\/binghatti-takes-debut-benchmark-usd-sukuk-to-market\/')\">\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\/21\/binghatti-takes-debut-benchmark-usd-sukuk-to-market\/\">\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=Binghatti takes debut benchmark USD sukuk to market&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/binghatti-takes-debut-benchmark-usd-sukuk-to-market\/\">\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\/21\/binghatti-takes-debut-benchmark-usd-sukuk-to-market\/&title=Binghatti takes debut benchmark USD sukuk to market\">\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=Binghatti+takes+debut+benchmark+USD+sukuk+to+market+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F21%2Fbinghatti-takes-debut-benchmark-usd-sukuk-to-market%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\/21\/binghatti-takes-debut-benchmark-usd-sukuk-to-market\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1990.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89256\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/binghatti-takes-debut-benchmark-usd-sukuk-to-market\/1990-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1990.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1990.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1990.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1990.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89255\" class=\"content-area-description single-story post-89255 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-binghatti tag-debt-watch tag-enterpriseam-uae tag-real-estate tag-sukuk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.f59d3ae7-a8ce-4ed9-bf2f-815c9d9d65fa.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai luxury developer Binghatti is set to issue its first benchmark-size, <\/strong><strong>USD-denominated sukuk<\/strong><strong>\u201cin the coming days,\u201d <\/strong>it said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/binghatti-holding-set-to-launch-debut-us-dollar-sukuk-peyntg6m\" style=\"\" rel=\"noopener\">statement<\/a>.The issuance is expected to have a maturity of three years. The developer kicked off investor meetings for the issuance yesterday, <a target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/articles\/binghatti-holding-hires-banks-for-debut-sukuk-document\" style=\"\" rel=\"noopener\">Reuters<\/a> reported, citing a document it saw. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>\u201cBenchmark-sized\u201d issuances are usually at least USD 500 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Use of proceeds:<\/strong> Binghatti will use the cash to fund land acquisition and restructure its existing debt, ratings agency Fitch said in a <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/corporate-finance\/fitch-rates-binghatti-sukuk-b-exp-rr4-20-02-2024#:~:text=Fitch%20Ratings%20%2D%20London%20%2D%2020%20Feb,of%20%27B%2B(EXP)\" style=\"\" rel=\"noopener\">statement<\/a>, adding that it is giving the issuance a B+ rating.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors:<\/strong> Our friends at Mashreq and HSBC, along with Emirates NBD, Dubai Islamic Bank, Abu Dhabi Islamic Bank, Sharjah Islamic Bank, and RAKBank were tapped as joint lead managers and book runners. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Binghatti has several projects in the pipeline:<\/strong> Last month, Binghatti Properties <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0cad9c6c-a483-4b86-82cb-908b8df42ee2\" style=\"\" rel=\"noopener\">acquired<\/a> a plot of land in Dubai's Business Bay for AED 365 mn. The developer is also <a target=\"_blank\" href=\"https:\/\/binghatti.com\/news\/dubai-to-build-worlds-tallest-residential-skyscraper\/\" style=\"\" rel=\"noopener\">building<\/a> the world\u2019s tallest residential tower in Dubai.<\/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\/binghatti\/\">Binghatti<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89257 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=\"89257\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/89257-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89257\" class=\"content-area-description single-story post-89257 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=\"89258\" 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=\"89258\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/dragon-oil-has-usd-500-to-invest-in-egypt-edgnex-to-invest-in-turkey-data-center\/\">\r\n                            Dragon Oil plans USD 500 mn investments to boost production 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\/21\/dragon-oil-has-usd-500-to-invest-in-egypt-edgnex-to-invest-in-turkey-data-center\/\" 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\/21\/dragon-oil-has-usd-500-to-invest-in-egypt-edgnex-to-invest-in-turkey-data-center\/')\">\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\/21\/dragon-oil-has-usd-500-to-invest-in-egypt-edgnex-to-invest-in-turkey-data-center\/\">\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=Dragon Oil has USD 500 to invest in Egypt + Edgnex to invest in Turkey data center&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/dragon-oil-has-usd-500-to-invest-in-egypt-edgnex-to-invest-in-turkey-data-center\/\">\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\/21\/dragon-oil-has-usd-500-to-invest-in-egypt-edgnex-to-invest-in-turkey-data-center\/&title=Dragon Oil has USD 500 to invest in Egypt + Edgnex to invest in Turkey data center\">\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=Dragon+Oil+has+USD+500+to+invest+in+Egypt+%2B+Edgnex+to+invest+in+Turkey+data+center+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F21%2Fdragon-oil-has-usd-500-to-invest-in-egypt-edgnex-to-invest-in-turkey-data-center%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\/21\/dragon-oil-has-usd-500-to-invest-in-egypt-edgnex-to-invest-in-turkey-data-center\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1993.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89259\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/dragon-oil-has-usd-500-to-invest-in-egypt-edgnex-to-invest-in-turkey-data-center\/1993-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1993.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1993.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1993.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1993.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89258\" class=\"content-area-description single-story post-89258 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-damac tag-data-center tag-dragon-oil tag-edgnex tag-energy tag-enterpriseam-uae tag-investment-watch tag-turkey 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\/.162ce1a6-d51b-4147-b535-f53e64e353fe.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dragon Oil to invest USD 500 mn in Egypt this year: <\/strong>Emirates National Oil Company (Enoc) subsidiary Dragon Oil plans to invest some USD 500 mn in Egypt this year to drill new wells and maintain oil production levels at 61k barrels per day (bbl\/d), Managing Director Ali Al Jarwan told <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/2wd9vj4t\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. Dragon Oil wants to raise its production from the North Safa oil field in the Gulf of Suez to 8k bpd next year from the current 6k bpd, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s not the only investment it\u2019s making in Egypt:<\/strong> The oil producer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e0aa261e-4331-4fb4-ad6c-0182d0fb5ddb\" style=\"\" rel=\"noopener\">started crude oil<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e0aa261e-4331-4fb4-ad6c-0182d0fb5ddb\" style=\"\" rel=\"noopener\">production<\/a> from the Al Wasl field in Egypt earlier this year, and said it plans to invest USD 200 mn to drill seven new wells to double production capacity from the current 3k barrels of crude oil per day. The company plans to drill the wells by 2026. <\/p>\n<p class=\"tag-border-left\">EDGNEX INVESTS IN TURKEY DATA CENTER- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Damac\u2019s digital unit<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.edgnex.com\/\" style=\"\" rel=\"noopener\">Edgnex Data Centers<\/a><\/strong><strong> is investing USD 100 mn alongside telecoms <\/strong><strong>operator <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.vodafone.com\/\" style=\"\" rel=\"noopener\">Vodafone<\/a><\/strong><strong> Turkey <\/strong><strong>to establish a new 6 MW data center in Izmir, Turkey<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7165633163405258753\/\" style=\"\" rel=\"noopener\">statement<\/a>. The center will connect Izmir to Europe through overland and submarine cables, and is expected come online in 2025, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/technology\/2024\/02\/20\/damacs-digital-unit-and-vodafone-invest-100m-in-new-turkey-data-centre\/\" style=\"\" rel=\"noopener\">The National<\/a> reports, citing a press statement<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The data center will serve large-scale content businesses and wholesale service providers and will be available for disaster recovery services, The National added. The data center will also address rising demand in the Eastern Mediterranean and on Turkey\u2019s western coast, Vice Chairman Aqil Ali said in the statement, adding that Izmir is an \u201cideal location\u201d to meet that demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For our fellow nerds: <\/strong>It\u2019s a tier-three center, meaning it will offer 99.982% uptime and full redundancy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not Edgnex\u2019s first rodeo: <\/strong>The data center firm <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/markets\/dubais-damac-owned-data-centres-in-saudi-arabia-to-open-before-end-2023-1.1675869164347\" style=\"\" rel=\"noopener\">is investing USD 600 mn<\/a> to build data centers in Riyadh and Dammam worth a combined 55 MW, as part of a USD 1 bn data center development strategy. The company also <a target=\"_blank\" href=\"https:\/\/www.edgnex.com\/our-news\/damac-group-and-king-hussein-business-park-sign-an-agreement-to-develop-a-new-data-centre-in-jordan\/\" style=\"\" rel=\"noopener\">inked an MoU<\/a> in March 2023 to build a data center in Jordan. <\/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\/damac\/\">Damac<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/data-center\/\">Data center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dragon-oil\/\">Dragon Oil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edgnex\/\">Edgnex<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/turkey\/\">Turkey<\/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       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href=\"https:\/\/api.whatsapp.com\/send?text=Innovo+to+build+Majid+Al+Futtaim%E2%80%99s+AED+1.13+bn+Tilal+Al+Ghaf+mansions+project+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F21%2Finnovo-to-build-majid-al-futtaims-aed-1-13-bn-tilal-al-ghaf-mansions-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\/21\/innovo-to-build-majid-al-futtaims-aed-1-13-bn-tilal-al-ghaf-mansions-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1980.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89261\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/innovo-to-build-majid-al-futtaims-aed-1-13-bn-tilal-al-ghaf-mansions-project\/1980-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1980.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1980.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1980.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1980.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89260\" class=\"content-area-description single-story post-89260 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-enterpriseam-uae tag-innovo-build tag-majid-al-futtaim tag-real-estate tag-tilal-al-ghaf 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\/.1e19495a-f675-423b-bd8c-ba6236046307.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Majid Al Futtaim Development recruited London-headquartered Innovo Build<\/strong> as the main contractor and developer for its AED 1.13 bn Elysian Mansions project at its flagship destination Tilal al Ghaf in Dubai, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/innovo-breaks-ground-on-817mln-flagship-sustainable-community-development-in-dubai-dlec180r\" 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>About the project: <\/strong>Slated for completion by mid-2026, the project will be home to 94 smart mansions and is set to be the first development to be awarded the BREEAM certificate in Dubai, an assessment that measures the environmental impact of buildings. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Majid Al Futtaim said in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/059fb759-807f-4a72-b8fe-079e48b17b10\" style=\"\" rel=\"noopener\">January<\/a><\/strong><strong>that it awarded construction contracts worth <\/strong><strong>AED 3 bn <\/strong>for the development of Tilal Al Ghaf to ASGC subsidiary Innovo Build to build Elysian Mansions and to UAE-based construction firm Unec for the 130-unit Alaya villa development.<\/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\/innovo-build\/\">Innovo Build<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/majid-al-futtaim\/\">Majid Al Futtaim<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tilal-al-ghaf\/\">Tilal Al Ghaf<\/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=\"89262\" 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=\"89262\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/goldman-sachs-middle-east-co-head-steps-down-to-join-logistics-outfit-rapid-response\/\">\r\n                            Goldman Sachs Middle East MD steps down. PLUS: New deputy GM and                        <\/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\/21\/goldman-sachs-middle-east-co-head-steps-down-to-join-logistics-outfit-rapid-response\/\" 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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href=\"https:\/\/api.whatsapp.com\/send?text=Goldman+Sachs+Middle+East+co-head+steps+down+to+join+logistics+outfit+Rapid+Response+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F21%2Fgoldman-sachs-middle-east-co-head-steps-down-to-join-logistics-outfit-rapid-response%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\/21\/goldman-sachs-middle-east-co-head-steps-down-to-join-logistics-outfit-rapid-response\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1969.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89263\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/goldman-sachs-middle-east-co-head-steps-down-to-join-logistics-outfit-rapid-response\/1969-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1969.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1969.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1969.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1969.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89262\" class=\"content-area-description single-story post-89262 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-aram-group tag-enterpriseam-uae tag-goldman-sachs tag-moves tag-rapid-response-services 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\/.18b55fc2-7d05-4056-99fc-7d0981bb88fb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- Goldman Sachs <\/strong>MD and Middle East co-head <strong>Selma Hassan <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/selma-hassan-9a69242\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) is stepping down to join logistics firm <a target=\"_blank\" href=\"https:\/\/rrsint.com\/web\/\" style=\"\" rel=\"noopener\">Rapid Response Services<\/a>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-20\/goldman-s-co-head-of-middle-east-investment-bank-set-to-leave\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Hassan, who joined Goldman in 2005 in London, before moving to Dubai, was appointed regional head of the investment bank division in 2019. Two years later, she became co-head alongside Jassim AlSane (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/jassim-alsane-11b889a\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), who joined from Citigroup Inc.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Fujairah Cement Industries <\/strong>has promoted<strong>Adi Narayana Murthy<\/strong> to <strong>deputy general <\/strong><strong>manager<\/strong> at <a target=\"_blank\" href=\"https:\/\/fujairahcement.com\/\" style=\"\" rel=\"noopener\">Fujairah Cement Industries<\/a>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1899.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong> Sharjah-based investment firm <strong>Aram Group <\/strong>has appointed <strong>Khamis Mohamed Alshamsi <\/strong>as its new<strong>chairman<\/strong>, replacing Ahmed Ali Abdulaziz Alsarkal, who has submitted his resignation, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1957.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. <strong>Najoud Abdulla Burahima<\/strong> has been nominated to fill the board position Alshamsi has left vacant. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Ras Al Khaimah Ins.<\/strong> has appointed <strong>Dongjun Choi <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/dongjun-dj-choi-354a6332\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as<strong> board member <\/strong>following the resignation of Raheel Ahmed (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/raheelahmed21\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2000.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. Choi currently serves as Ras Al Khaimah Bank\u2019s group chief customer officer. <\/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\/aram-group\/\">ARAM Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/goldman-sachs\/\">Goldman Sachs<\/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\/rapid-response-services\/\">Rapid Response Services<\/a>\n                <!-- <span 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href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/fedex-has-a-new-air-cargo-hub-at-dubai-world-central\/\">\r\n                            FedEx has a new air cargo hub at Dubai World Central                        <\/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\/21\/fedex-has-a-new-air-cargo-hub-at-dubai-world-central\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            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data-attachment-id=\"89266\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/fedex-has-a-new-air-cargo-hub-at-dubai-world-central\/1982-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1982.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1982.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1982.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1982.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89265\" class=\"content-area-description single-story post-89265 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-ajman tag-also-on-our-radar tag-banking tag-beeah tag-education tag-emirates-steel-arkan tag-enterpriseam-uae tag-fedex-express tag-green-energy tag-hub71 tag-logistics tag-manufacturing tag-tech tag-uzbekistan tag-waste-management 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\/.8323c78a-1276-448d-a2ee-81c46f3b5050.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>FedEx Express launches new cargo hub at DWC:<\/strong> Air cargo express delivery giant FedEx Express has inaugurated a new AED 1.3 bn Middle East, Indian Subcontinent and Africa (MEISA) hub at Dubai World Central (DWC) Airport in Dubai South, according to a Dubai Media Office (DMO) <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/February\/20-02\/FedEx-Invests\" style=\"\" rel=\"noopener\">statement<\/a>. The 57k square meter hub incorporates technologies such as automatic sort systems which look to streamline package processing and distribution, the statement said. <\/p>\n<p class=\"tag-border-left\">MANUFACTURING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Magsort\u2019s green tech will decarbonize the steel value chain:<\/strong> UAE\u2019s largest steel maker <a target=\"_blank\" href=\"https:\/\/www.emiratessteelarkan.com\/\" style=\"\" rel=\"noopener\">Emirates Steel Arkan<\/a> and Finnish climate tech company <a target=\"_blank\" href=\"https:\/\/www.magsort.com\/company\" style=\"\" rel=\"noopener\">Magsort<\/a> will initiate pilot testing for an initiative to cut up to 15% of CO2 emissions from the steel maker\u2019s Al Ain Cement Factory, according to a <a target=\"_blank\" href=\"https:\/\/www.magsort.com\/news\/emirates-steel-arkan-and-magsort-collaborate-in-the-first-industrial-pilot-test-to-reduce-cement-co2-footprint-up-to-15\" style=\"\" rel=\"noopener\">press release.<\/a> Magsort\u2019s technology is being used to process <a target=\"_blank\" href=\"https:\/\/www.sciencedirect.com\/topics\/engineering\/steel-slag\" style=\"\" rel=\"noopener\">steel slag<\/a> \u2014 a calcium-rich by-product of steel making \u2014 in efforts to decrease limestone and fuel consumption. The plant will be the first of its kind for the region, and comes on the back of Emirates Steel Arkan\u2019s efforts to reach the country\u2019s 2030 decarbonization targets four years ahead of schedule,\u200d CEO of <a target=\"_blank\" href=\"https:\/\/english.mubasher.info\/markets\/ADX\/stocks\/ARKAN\" style=\"\" rel=\"noopener\">EmsteelBuilding Materials<\/a> \u2014 a subsidiary of Emirates Steel Arkan \u2014 Hugo Losada said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Uzbekistan to adopt UAE-run AI: <\/strong>Uzbekistan\u2019s digital technology ministry inked an agreement with Abu Dhabi\u2019s <a target=\"_blank\" href=\"https:\/\/www.atrc.gov.ae\/\" style=\"\" rel=\"noopener\">Advanced Technology Research Council (ATRC)<\/a> to integrate the UAE\u2019s AI-powered Falcon Large Language Model (LLM) in its technological infrastructure and government services, according to an ATRC <a target=\"_blank\" href=\"https:\/\/www.atrc.gov.ae\/news\/uzbekistan-partners-uaes-advanced-technology-research-council-accelerate-falcon-ai-adoption\" 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><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3e8065be-d731-4c9e-bb01-1c93cd4db5c3\" style=\"\" rel=\"noopener\">Last week<\/a>, Brazil and Serbia also agreed to adopt the open-source LLM in a bid to advance their governments\u2019 tech infrastructure during the World Government Summit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Abu Dhabi\u2019s Economic Development Department and Hub71 are launching a <\/strong><strong>program to connect startups in key sectors with their regulatory authorities<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/abu-dhabi-department-of-economic-development-partners-with-hub71-to-foster-regulatory-environment-for-innovation-in-the-emirate\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The \u201cregulatory sandbox program\u201d targets healthtech, mobility, and agritech companies close to market entry stage, allowing them to test emerging technologies with regulators ahead of launch. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- AI office + UNDP partner to accelerate AI adoption:<\/strong> The government\u2019s <a target=\"_blank\" href=\"https:\/\/ai.gov.ae\/\" style=\"\" rel=\"noopener\">AI office<\/a> inked a partnership agreement with the United Nations Development Programme (UNDP) to promote leveraging AI technologies to achieve the sustainable development goals, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1rcv53-uae%E2%80%99s-office-signs-agreement-with-undp-enhance\" 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\">\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>Adib launches new payment platform to streamline remittance transfers:<\/strong><a target=\"_blank\" href=\"https:\/\/www.adib.ae\/en\" style=\"\" rel=\"noopener\">Abu Dhabi Islamic Bank<\/a> partnered with payment solutions company <a target=\"_blank\" href=\"https:\/\/www.progressoft.com\/\" style=\"\" rel=\"noopener\">ProgressSoft<\/a> to launch a new payment platform that it says will simplify the integration of cross-border services and speeds up cross-border remittances, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1rcutg-abu-dhabi-islamic-bank-launches-new-payment-hub\" 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\">\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 Education Ministry wants to make it easier for higher education institutions <\/strong><strong>in the <\/strong><strong>Ajman Freezone to obtain licenses<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/ministry-of-education-and-ajman-free-zone-collaborate-to-approve-licences-for-higher-education-institutions-in-the-emirate-uh5xc5af\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n\n<p class=\"tag-border-left\">WASTE MANAGEMENT-<\/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:\/\/iffco.com\/\" style=\"\" rel=\"noopener\">IFFCO Group<\/a><\/strong><strong>\u2019s <\/strong><strong>Noor Oil and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.beeahgroup.com\/\" style=\"\" rel=\"noopener\">Bee\u2019ah<\/a><\/strong><strong>have launched a recycling campaign to<\/strong><strong> recycle <\/strong><strong>cooking oil into biodiesel<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/noor-oil-iffco-groups-flagship-brand-collaborates-with-beeah-to-sustainably-recycle-used-cooking-oil-into-bio-diesel-wkynxis9\" style=\"\" rel=\"noopener\">statement<\/a>. The campaign involves placing Bee\u2019ah machines in several locations across the country \u2014 including Sharjah National Park, Al Gharayen, and Dubai\u2019s JLT \u2014 where consumers can drop off their used cooking oil and pick up a clean bottle in its place.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IFFCO is boosting sustainability efforts: <\/strong>IFFCO earmarked <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8df21e1f-68d1-49b9-984a-fe59b6538d99\" style=\"\" rel=\"noopener\">AED 77 mn<\/a> for its corporate ESG strategy, with 156 projects in the pipeline, back in November. <\/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\">GREEN ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SkyPower Global to build solar plant in Congo:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.africafc.org\/\" style=\"\" rel=\"noopener\">Africa Finance Corporation<\/a> (AFC) has contracted UAE-based firm <a target=\"_blank\" href=\"https:\/\/skypower.com\/\" style=\"\" rel=\"noopener\">SkyPower Global<\/a> to develop a 200 MW solar plant in the Democratic Republic of the Congo, company CEO Kerry Adler told <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/energy\/uae-firm-to-install-dh734-million-clean-energy-plant-in-dr-congo\" style=\"\" rel=\"noopener\">Khaleej Times<\/a>. The project marks the first phase of the USD 200 mn, 1 GW DRC Green Giant project slated for completion within 18-24 months.<\/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\">RETAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Municipality inked a partnership with Majid Al Futtaim to establish a digital <\/strong><strong>food security platform<\/strong> aimed at sharing \u201cstrategic food commodity data \u2026 to ensure that all members of society have access to healthy, safe, nutritious, and affordable food, even in times of crisis and emergencies,\u201d Dubai Municipality Environment Agency CEO Alia Al Harmoodi said in a <a target=\"_blank\" href=\"https:\/\/www.dm.gov.ae\/2024\/02\/20\/dubai-municipality-signs-mou-with-majid-al-futtaim-retail-to-ensure-sustainable-food-supply-chain\/\" 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\">STARTUPS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-based Edtech startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.thiqatutoring.com\/home-new%5C\" style=\"\" rel=\"noopener\">Thiqa Tutoring<\/a><\/strong><strong> bagged USD 300k in funding<\/strong> from Bahrain-based Hope Funds\u2019 VC Hope Ventures, private sector investor Mashael Fairooz, and angel investor Lamya Mahmood through their participation in the third season of the entrepreneurship-themed reality television show Beban, <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2024\/02\/edtech-thiqa-tutoring-raises-300000-beban-tv\" style=\"\" rel=\"noopener\">Wamda<\/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\/ajman\/\">Ajman<\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/beeah\/\">Bee\u2019ah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            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data-attachment-id=\"89268\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/fed-seen-cutting-rates-in-june\/1987-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1987.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1987.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1987.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1987.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89267\" class=\"content-area-description single-story post-89267 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-interest-rates tag-planet-finance tag-us-federal-reserve 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\/.18985cf5-0787-43c7-b3e7-872053b809de.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Economists now reckon the Fed rate cut to come in June: <\/strong>A slim majority ofeconomists \u2014 53 out of 104 \u2014 polled by <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/rates-bonds\/fed-cut-us-rates-june-risks-skewed-towards-later-move-2024-02-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> expect the US Federal Reserve to start cutting interest rates in June, with another 33 forecasting a May cut. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is more or less in line with what the newswire\u2019s surveys have been saying since<\/strong><strong> September<\/strong>, projecting the Fed to ease its monetary policy around the middle of this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI: <\/strong>Fed officials have recently been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/news\/story\/7ca21b17-ce67-4133-87ac-62a3bdb2883a\" style=\"\" rel=\"noopener\">doubling down<\/a> on the need to see a strong indication of inflation cooling down before they deciding to start cutting rates.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- Asian markets are in early trading this morning<\/strong>, tracking yesterday\u2019s decline on Wall Street as the S&P 500 and Nasdaq closed in the red, dragged down by tech stocks. Major benchmarks in Europe look set to open in the red later this morning, and futures suggest a weak open on Wall Street. <\/p>\n<p><a target=\"_blank\" id=\"t.95faeadd3be9a606f584859d340ffd7591d18ae1\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,400<\/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: -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\">4,277<\/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: 5.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,833<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: -0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.0% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.2% 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\">12,606<\/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: +5.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">29,330<\/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: +17.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,975<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +4.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,719<\/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: -0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,760<\/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: +5.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/markets\/commodities?sref=mmeFTDW1\" style=\"\" rel=\"noopener\">Brent crude<\/a><\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 82.44<\/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>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 1.70<\/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\">+7.8%<\/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>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 2,024.34<\/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\">-<\/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><a target=\"_blank\" href=\"https:\/\/www.coindesk.com\/price\/bitcoin\" style=\"\" rel=\"noopener\">BTC<\/a><\/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\">51,929.31<\/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: +114.7%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.1% yesterday<\/strong> on turnover of AED 340 mn. The index is up 5.4% 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>Mashreqbank (+3.0%), Watania International Holding (+3.0%) and Dubai Taxi Company (+1.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Takaful Emarat (-9.9%), Al Firdous Holdings (-6.0%) and Dubai Islamic Ins. and Reinsurance (-2.0%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index fell 0.1% on turnover of AED 1 bn. Meanwhile, Nasdaq Dubai closed down 0.2%.<\/p>\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><a target=\"_blank\" href=\"https:\/\/www.dubins.ae\/\" style=\"\" rel=\"noopener\">Dubai Ins<\/a><\/strong><strong>. will pay out AED 70 mn in capital dividends<\/strong><strong> to its shareholders<\/strong>, after the board of directors signed off on the payout, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/1948.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/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\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/us-federal-reserve\/\">US Federal Reserve<\/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=\"89269\" 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=\"89269\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/21\/uae-and-france-launch-climate-investment-platform\/\">\r\n                            UAE and France launch climate investment platform                        <\/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\/21\/uae-and-france-launch-climate-investment-platform\/\" 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 platform will include the UAE's Masdar and Adnoc and France's TotalEnergies, Bpifrance, and CMA CGM. Masdar and Total also signed an MoU to develop renewable energy projects in developing markets in Africa and Central Asia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Building on UAE-France ties: <\/strong>Masdar and TotalEnergies partnered to demonstrate the potential for converting <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/totalenergies-and-masdar-demonstrate-methanol-to-saf-pathway-with-successful-test-flight\" style=\"\" rel=\"noopener\">methanol to sustainable aviation fuel (SAF)<\/a> during COP28. Masdar also partnered with CMA CGM to provide long-term supply of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2c446cd0-9e7c-4159-8330-80a0ea053d51\" style=\"\" rel=\"noopener\">green alternative fuels<\/a>, with a focus on e-methanol, last month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Economy Minister Abdullah bin Touq Al Marri<\/strong><strong>sees GCC tourism growing in <\/strong><strong>2024<\/strong>, amid pledged to collaborate to activate the GCC\u2019s unified visa, Al Marri said at the eighth GCC tourism ministers' meeting in Qatar, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/b1qr7xl-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AA%D8%B4%D8%A7%D8%B1%D9%83-%D8%A7%D9%84%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D8%A7%D9%84%D8%AB%D8%A7%D9%85%D9%86-%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%AD%D8%A9-%D8%A8%D8%AF%D9%88%D9%84\" 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>REMEMBER- <\/strong>GCC member states were working on polishing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3be3c1ba-d82a-4081-96c4-23213f902d87\" style=\"\" rel=\"noopener\">Shengen-style<\/a> unified tourist visa that would allow tourists to enter the six member states using a single unified visa starting as early as 2024.<\/p>\n<p class=\"tag-border-left\">OTHER DIPLOMACY NEWS- <\/p>\n<ul>\n<li><strong>UAE, Egypt to deepen economic cooperation: <\/strong>Economy Minister Abdullah bin Touq Al Marri met with Egyptian Planning and Economic Development Minister Hala El Said to discuss cooperation in technology, SMEs, agriculture, and industry sectors. (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/13rxnvo-%D8%A7%D8%A8%D9%86-%D8%B7%D9%88%D9%82-%D9%8A%D8%A8%D8%AD%D8%AB-%D9%88%D8%B2%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D8%AA%D8%AE%D8%B7%D9%8A%D8%B7-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%B4%D8%B1%D8%A7%D9%83%D8%A9\" style=\"\" rel=\"noopener\">Wam<\/a>) <\/li>\n<li><strong>The UAE\u2019s Climate Change and Environment Ministry inked an agreement<\/strong><strong> with the Lithuanian agriculture ministry to develop their <\/strong><strong>agriculture sectors <\/strong>by boosting agricultural investment, facilitating food exchange, and advancing sustainable food systems. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MoCCAEUAE\/posts\/pfbid02WvmRFUSbYgybioPN1TMLHtFVGUo4VrPyEbAuxmqCLWq2tbnZs26CLfjpqkFxWHdul?__cft__[0]=AZWzcqj2GuvzlzCzYf2JsZLkj9aQE7Tbpg1DAoorXLLkbTr_5G5SrFKf_pwIq_Id4n409UG0gU99z78ox4XYAu2j85p1MVwsFKEi8NUX5nP6Oao6W3otU9ZzAR2TW5upMjGZ1MOCjrTTe17u11DE4bIJ3eZO_xoMzPas2tl2jHtvm3j02bTDZRDzmeb223-G1-rf3eVNgYfUFKfpSVsq7gJc&__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>MbZ discusses boosting ties with Congo:<\/strong> President Mohamed bin Zayed Al Nahyan and President Felix Tshisekedi of the Democratic Republic of the Congo discussed boosting economic and investment ties, as well as economic diversification, trade, and renewable energy in Abu Dhabi. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1qrg16-uae-president-receives-president-democratic\" style=\"\" rel=\"noopener\">Wam<\/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\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cop-28\/\">COP 28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/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\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-france-relations\/\">UAE-France 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=\"89271\" 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\/21\/89271-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89271\" class=\"content-area-description single-story post-89271 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>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 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;\">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>21-22 February (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubai.stepconference.com\/\" style=\"\">Step Conference<\/a><\/span><span style=\"font-weight:400;\">, Dubai Internet 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: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>24-25 February (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/berkleeabudhabi.ae\/en\/Core%20programmes\/Berklee%20Abu%20Dhabi%20Music%20Summit\" style=\"\">Berklee Abu Dhabi Music Summit<\/a><\/span><span style=\"font-weight:400;\">, Berklee Abu Dhabi.<\/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;\">26-28 February (Monday-Wednesday): RTA Startups Challenge, RTA Research and Innovation Centre for Mobility, 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;\">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>28 February-5 March (Wednesday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/xposure.evsreg.com\/home\/index\" style=\"\">Xposure International Photography Festival<\/a><\/span><span style=\"font-weight:400;\">, Expo Centre Sharjah.<\/span><\/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>5-7 March (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.woodshowglobal.com\/dubai\" style=\"\">Dubai WoodShow<\/a><\/span><span>, <\/span><span>Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">5-8 March (Tuesday-Friday): Forbes\u2019 Third Annual 30\/50 Summit In Abu Dhabi During International Women\u2019s Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">7 March (Thursday): Beyond Global Trade, Edition Hotel, 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>29-30 April (Monday- Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/events.globalreinsurance.com\/dwic\/\" style=\"\">Dubai World Ins. Congress<\/a><\/span><span style=\"font-weight:400;\">, Atlantis, The Palm.  <\/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>14-16 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/\" style=\"\">The Airport Show<\/a><\/span><span>, Dubai World Trade Centre<\/span><span>.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 May (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.difc.ae\/whats-on\/news\/difcs-preferred-position-for-hedge-fund-ecosystem-develops-through-exclusive-hfm-partnership\" style=\"\">HFM Summit<\/a><\/span><span style=\"font-weight:400;\">, DIFC. <\/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>Binghatti takes USD sukuk to market | Goldman regional co-head leaves for Rapid Response | Dragon Oil has USD 500 to invest in Egypt | Edgnex to build Turkey data center<\/p>\n","protected":false},"featured_media":89250,"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-89249","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b956c801-ab34-40b5-9f07-1608773176ce","teaser":"Binghatti takes USD sukuk to market | Goldman regional co-head leaves for Rapid Response | Dragon Oil has USD 500 to invest in Egypt | Edgnex to build Turkey data center","photo_url":"https:\/\/ent.news\/2024\/2\/2036.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 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