{"id":89294,"date":"2024-02-22T00:00:00","date_gmt":"2024-02-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=89294"},"modified":"2025-12-14T23:33:58","modified_gmt":"2025-12-14T23:33:58","slug":"two-real-estate-companies-are-investing-overseas","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/two-real-estate-companies-are-investing-overseas\/","title":{"rendered":"Two real estate companies are investing overseas"},"content":{"rendered":"<section id=\"89296\" 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=\"89296\">\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\/22\/flight-availability-in-the-uae-puts-us-in-fifth-place-globally-for-international-air-connectivity\/\">\r\n                            THIS MORNING: Flight availability puts UAE in fifth place globally for international air connectivity                        <\/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\/22\/flight-availability-in-the-uae-puts-us-in-fifth-place-globally-for-international-air-connectivity\/\" 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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Eagle Hills and UDC Real Estate are investing a combined AED 14.7 bn in the two markets, after signing agreements yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^We have the full rundown in this morning\u2019s news well, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> PUBLIC SERVICE ANNOUNCEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Expect some (extra) traffic in Dubai today: <\/strong>Traffic will be halted for 10-15 minutes along street intersections to make way for cyclists of the <a target=\"_blank\" href=\"https:\/\/www.theuaetour.com\/\" style=\"\" rel=\"noopener\">UAE Tour 2024<\/a>, Dubai\u2019s Road and Transport Authority <a target=\"_blank\" href=\"https:\/\/twitter.com\/rta_dubai\/status\/1760201154263204232\" style=\"\" rel=\"noopener\">said<\/a>. The route runs from the Dubai Police Officer\u2019s Club to the harbor, and is set to start at 12:35pm. <\/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=\"wwtt2\"><\/a> <strong>#1- The Dubai Dutyfree Championships enters its quarter-final round<\/strong>,with five of the top 10 world players set to compete in the quarterfinals. Today will see World No.1 Iga Swiatek on the court with no. 6 Qinwen Zheng at 5pm. 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 are among those who 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> wraps 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 will head to its final <\/strong><strong>leg in Duba<\/strong>i today, 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- 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> is on its second day today<\/strong>, wrapping up 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>#6- The Ajman Real Estate Investment Exhibition also 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\"><strong>AND TOMORROW-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/tasteofdubaifestival.com\/\" style=\"\" rel=\"noopener\">Taste of Dubai<\/a><\/strong><strong> opens its doors:<\/strong> The four-day food festival will bring together 16 of the emirates' best restaurants at Dubai Marina\u2019s Skydive 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\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- e& expects to close its acquisition of Czech investment firm\u2019s PPF Group\u2019s units in Central and Eastern Europe <\/strong><strong>within the next few weeks <\/strong>after obtaining the final regulatory approvals, e& CEO Hatem Dowidar told CNBC (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/video\/2024\/02\/21\/uaes-e-explains-whats-behind-its-record-consolidated-net-profit.html?&qsearchterm=\" style=\"\" rel=\"noopener\">watch, runtime 4:01<\/a>), saying that the acquisitions will serve as e&\u2019s gateway to \u201cexpand its telecoms footprint\u2026 and evaluate potential investments\u201d in Eastern Europe. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Bulgaria\u2019s Competition Protection Commission <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a9ddbc35-cadf-4fe9-8368-509c67955a3b\" style=\"\" rel=\"noopener\">greenlit e&\u2019s acquisition<\/a> of Bulgarian mobile operator Yettel Bulgaria and telecoms infrastructure provider Cetin Bulgaria from PPF Group. e& had agreed to acquire a 50% stake plus one share in PPF Group\u2019s telecoms units in Bulgaria, Hungary, Serbia, and Slovakia for EUR 2.5 bn (AED 9.9) last August. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#2-<\/strong><strong>Abu Dhabi close to inking PPAs for Al Ajban:<\/strong> Abu Dhabi\u2019s water and electricity procurer Emirates Water and Electricity Company (Ewec) is in the \u201cfinal stages\u201d of signing a power purchase agreement with an undisclosed company to develop the 1.5 GW Al Ajban solar plant, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2024\/02\/21\/ewec-close-to-signing-power-purchase-agreement-for-15-gigawatt-abu-dhabi-solar-plant\/\" style=\"\" rel=\"noopener\">The National<\/a> quotes Ewec\u2019s CEO Othman Al Ali as saying. It is also close to receiving regulatory approvals, Al Ali said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Ewec <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6f8be454-7e03-4f2b-aae5-926c113a0af0\" style=\"\" rel=\"noopener\">appointed<\/a> last week a consortium of France\u2019s EDF and Korea Western Power to develop the 1.5 GW Al Ajban solar IPP project for an estimated investment ticket of USD 748 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the plant:<\/strong> Slated for completion in 2026, Al Ajban \u2014 Ewec\u2019s third solar power project \u2014 is expected to generate enough electricity to power around 160k homes across the country. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MORE FROM EWEC-<\/strong> The company expects its 1.5 GW <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ac5a6d33-aaf5-4511-a65a-c057c0232f85\" style=\"\" rel=\"noopener\">Khazna Solar farm<\/a> to become operational by 2026 or 2027, Al Ali revealed.<\/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:\/\/www.emiratesrc.ae\/\" style=\"\" rel=\"noopener\">Emirates Red Crescent<\/a><\/strong><strong>\u2019s \u201cRamadan 2024 Campaign\u201d will target more than 1.8 <\/strong><strong>mn <\/strong><strong>individuals in the UAE and abroad<\/strong>,the humanitarian organization <a target=\"_blank\" href=\"https:\/\/twitter.com\/emiratesrc\/status\/1759964693999870374\" style=\"\" rel=\"noopener\">said on X<\/a>. The campaign provides Ramadan-related assistance \u2014 including food and Eid clothing \u2014 and will offer some AED 14.7 mn in aid to over 1 mn beneficiaries in the UAE, in addition to aid totaling AED 22.9 mn to over 806k individuals across Asia, Africa, Europe, and South America, reports <a target=\"_blank\" href=\"https:\/\/www.emaratalyoum.com\/local-section\/other\/2024-02-20-1.1828738\" style=\"\" rel=\"noopener\">Emarat Alyoum<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Special aid aims to alleviate Palestinian suffering in Gaza:<\/strong> Emirates Red Crescent plans to hand out 10k Iftar meals in war-torn Gaza daily throughout the month. The organization dispatched lorries carrying over 240 tonnes of relief supplies to Gaza through Egypt\u2019s Al Arish yesterday, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1ryawg-11-truck-uae-aid-convoy-enters-gaza-strip-part\" style=\"\" rel=\"noopener\">Wam<\/a> reported.<\/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\"><a id=\"wwtt4\"><\/a> <strong>#1-<\/strong><strong>The UAE ranked fifth in the world for international air connectivity in 1H 2024<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/mabrian.com\/blog\/top-10-internationally-best-connected-markets-in-2024\/\" style=\"\" rel=\"noopener\">data<\/a> from travel and tourism analytics firm Mabrian. The analysis, which is based on available flight schedules, shows the UAE providing 41.8 mn air seats during the six-month period, marking a 12.2% y-o-y increase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Emirati telcos paid AED 8.2 bn in royalties in 2023:<\/strong> Telecoms operators e& and du paid a total of AED 8.2 bn as federal royalty to the government in 2023, marking a 9.4% y-o-y increase from 2022, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-02-21-1.4824579\" style=\"\" rel=\"noopener\">Albayan<\/a> reports. Individually, e& paid some AED 6.3 bn, up 9.7% y-o-y from the AED 5.77 bn paid in 2022, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2115.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>, while du paid AED 1.89 bn in royalties, up 8.4% y-o-y, the company said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2116.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The Human Resources and Emiratisation ministry slapped some 34k companies<\/strong><strong> with fines for violating labor laws <\/strong>in 2023, according to a ministry <a target=\"_blank\" href=\"https:\/\/www.mohre.gov.ae\/en\/media-centre\/news\/21\/2\/2024\/mohre-inspection-team-reports-landmark-success-in-2023-in-cooperation-with-companies-community-over-430000-inspection-visits-awareness-programmes-for-over-2mn-workers-employers.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. The ministry foundsome 33k cases of companies failing to pay employees via the wage protection system, as well as false documentation and non-compliant worker accommodation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Nearly 6.5k new food and beverage companies have registered with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaichamber.com\/en\/home\/\" style=\"\" rel=\"noopener\">Dubai Chamber of<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaichamber.com\/en\/home\/\" style=\"\" rel=\"noopener\">Commerce<\/a><\/strong><strong> in 2023<\/strong>,bringing the total number of F&B companies to almost 23k, reports state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1ryahw-over-6000-new-fb-companies-joined-dubai-chamber\" 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- The value of rental contracts in Ajman reached AED 4 bn in 2023, up 39.92% y-o-y<\/strong>,according to <a target=\"_blank\" href=\"https:\/\/www.am.gov.ae\/ar\/%D8%A5%D9%85%D8%A7%D8%B1%D8%A9-%D8%B9%D8%AC%D9%85%D8%A7%D9%86-%D8%AA%D8%AD%D9%82%D9%82-%D9%86%D9%85%D9%88%D8%A7%D9%8B-%D9%81%D9%8A-%D9%82%D9%8A%D9%85%D8%A9-%D8%A7%D9%84%D8%B9%D9%82%D9%88%D8%AF-%D8%A7\/#\" style=\"\" rel=\"noopener\">The Ajman Municipality and Planning Department<\/a> \u2019s annual report. This growth amounted to AED 716 mn, across residential, commercial and investment contracts.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"uae\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US chipmaker Nvidia reported a 265% y-o-y jump in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/investor.nvidia.com\/news\/press-release-details\/2024\/NVIDIA-Announces-Financial-Results-for-Fourth-Quarter-and-Fiscal-2024\/\" style=\"\" rel=\"noopener\">quarterly revenues<\/a><\/strong> on the back of a splurge in AI spending that has now pushed the company\u2019s valuation to USD 1.7 tn \u2014 surpassing that of tech goliath and Google parent company Alphabet, reports the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/44b95cc8-9c94-452c-a35b-1f25ba9b540a\" style=\"\" rel=\"noopener\">Financial Times<\/a>. Net income also skyrocketed 770% during the same period to USD 12.3 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wall Street was expecting some impressive numbers, but not quite this: <\/strong>Revenues came in at USD 22.1 bn for 4Q 2023, 8% more than Wall Street forecasts of USD 20.4 bn. Revenues for the current quarter should come in larger still at around USD 24 bn, according to the chipmaker.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A \u201ctipping point\u201d for AI and the big tech landscape: <\/strong>\u201cAccelerated computing and generative AI have hit the tipping point,\u201d Nvidia CEO and founder Jensen Huang said. \u201cEvery company is built on their proprietary business intelligence and, in the future, their proprietary generative AI.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CIRCLE YOUR CALENDAR<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/trendsresearch.org\/\" style=\"\" rel=\"noopener\">Trends Research and Advisory<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.culturaldiplomacy.org\/index.php?en\" style=\"\" rel=\"noopener\">International Institute for Cultural<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.culturaldiplomacy.org\/index.php?en\" style=\"\" rel=\"noopener\">Diplomacy<\/a><\/strong><strong>will host a conference on Monday, February 26 <\/strong>focusing on advancing cooperation between the UAE and Central Asia,reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13rzttm-trends-iicd-organise-conference-modern-diplomacy\" style=\"\" rel=\"noopener\">Wam<\/a>. The conference features roundtable discussions and working sessions involving ambassadors from the relevant countries. <\/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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/e\/\">e&amp;<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sports\/\">Sports<\/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=\"89298\" 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=\"89298\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/eagle-hills-udc-real-estate-are-investing-in-bahrain-and-egypt\/\">\r\n                            Abu Dhabi\u2019s Eagle Hills Bahrain ink agreement for USD 4 bn real estate firm                        <\/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        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      \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\/22\/eagle-hills-udc-real-estate-are-investing-in-bahrain-and-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1201.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89299\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/eagle-hills-udc-real-estate-are-investing-in-bahrain-and-egypt\/1201-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1201.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1201.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1201.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1201.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89298\" class=\"content-area-description single-story post-89298 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-bahrain tag-eagle-hills tag-egypt tag-enterpriseam-uae tag-mohammed-omar-bin-haider-holding-group tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.a56b30eb-4053-4abb-8f5f-4db29615b3a6.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Lots of overseas real estate investments: <\/strong>Two Emirati developers have inked agreements to invest a combined AED 14.7 bn in real estate projects in Bahrain and Egypt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Eagle Hills, Bahrain set up USD 4 bn firm:<\/strong> Abu Dhabi-based developer Eagle Hills International signed an agreement with Bahrain to establish a USD 4 bn (AED 14.7 bn) real estate development company dubbed Binaa Al Bahrain, according to <a target=\"_blank\" href=\"https:\/\/www.bna.bh\/en\/BahrainUAEsignagreementtoestablish4billionrealestatecompany.aspx?cms=q8FmFJgiscL2fwIzON1%2BDg7BsvRG5VjNk%2BTOgRypYrM%3D\" style=\"\" rel=\"noopener\">Bahrain News Agency<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Binaa Al Bahrain: <\/strong>The firm was established through a commercial partnership inked with Bahrain\u2019s sovereign wealth fund <a target=\"_blank\" href=\"https:\/\/www.mumtalakat.bh\/\" style=\"\" rel=\"noopener\">Mumtalakat<\/a> \u2019s real estate arm Edamah, which will see Binaa Al Bahrain operate in Bahrain to develop a portfolio of multi-purpose projects \u201cacross strategic locations in the Kingdom,\u201d Eagle Hills Chairman Mohamed Alabbar said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new entity comes on the heels of Eagle Hill\u2019s successful projects in Bahrain, <\/strong>such as Marassi Al Bahrain, which was launched \u201cto meet the needs of the Bahraini society and support the kingdom's national economic development efforts,\u201d Alabbar said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Emirati developer secures land in Egypt\u2019s New Cairo:<\/strong> UAE-based <a target=\"_blank\" href=\"https:\/\/www.mobhholding.com\/\" style=\"\" rel=\"noopener\">Mohammad<\/a><a target=\"_blank\" href=\"https:\/\/www.mobhholding.com\/\" style=\"\" rel=\"noopener\">Omar Bin Haider Holding Group<\/a> (MOBH) subsidiary UDC Real Estate Development has received a land plot in New Cairo\u2019s Al Andalus to build a EGP 60 bn (AED 7.13 bn) mixed-use development, according to an Egyptian <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid09ntGAz5fsSdqPWva5n8ApdCjDcR78Wp9NSyvva5FaPT133CyzikXrG1NuivLwQy6l\" style=\"\" rel=\"noopener\">cabinet statement<\/a>. The project marks MOBH\u2019s entry into the Egyptian market, with the developer hoping to launch more projects in the country in the future, CEO Mohamed Al Battarni said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Introducing The Crest: <\/strong>The project \u2014 dubbed The Crest \u2014 will span some 665k sqm and willfeature residential, administrative, entertainment, commercial, and hospitality units. UDC will work on the project in cooperation with Cairo-based property developer <a target=\"_blank\" href=\"https:\/\/ilcazar.com\/ar\/%d9%85%d9%86-%d9%86%d8%ad%d9%86\/\" style=\"\" rel=\"noopener\">IL Cazar<\/a>, the statement reads, without specifying what role IL Cazar will play.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UDC is paying in FX for the land<\/strong>, Al Battarni said,as Egypt continues to face a foreign currency shortage. The statement did not clarify whether the total EGP 60 bn investment would go towards acquiring the piece of land.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> UDC will prepare the project\u2019s general plan and construction schedule and present it before September. The eight-year construction period will kick off once the plan and schedule are approved. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/eagle-hills\/\">Eagle Hills<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mohammed-omar-bin-haider-holding-group\/\">Mohammed Omar Bin Haider Holding Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89300\" 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=\"89300\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/redbird-imi-to-gain-control-over-barclay-familys-uk-assets-as-collateral\/\">\r\n                            Abu Dhabi-backed RedBird IMI to gain control over Barclays\u2019 UK assets                        <\/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\/22\/redbird-imi-to-gain-control-over-barclay-familys-uk-assets-as-collateral\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> 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gain control over Barclay family\u2019s UK assets as collateral&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/redbird-imi-to-gain-control-over-barclay-familys-uk-assets-as-collateral\/\">\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\/22\/redbird-imi-to-gain-control-over-barclay-familys-uk-assets-as-collateral\/&title=RedBird IMI to gain control over Barclay family\u2019s UK assets as collateral\">\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=RedBird+IMI+to+gain+control+over+Barclay+family%E2%80%99s+UK+assets+as+collateral+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F22%2Fredbird-imi-to-gain-control-over-barclay-familys-uk-assets-as-collateral%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\/22\/redbird-imi-to-gain-control-over-barclay-familys-uk-assets-as-collateral\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89301\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/redbird-imi-to-gain-control-over-barclay-familys-uk-assets-as-collateral\/2-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89300\" class=\"content-area-description single-story post-89300 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-barclay-family tag-debt tag-enterpriseam-uae tag-ma-watch tag-redbird-imi tag-the-telegraph 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\/.9b7ca42d-60e3-45f2-a708-3604ff658d4c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi-backed Redbird to hold the Barclays\u2019 UK assets as collateral: <\/strong>Abu Dhabi\u2019s International Media Investments-backed <a target=\"_blank\" href=\"https:\/\/redbirdcap.com\/\" style=\"\" rel=\"noopener\">RedBird IMI<\/a> could gain control over the Barclay family\u2019s businesses in the UK after the family pledged all of its UK assets as security to the GBP 1.2 bn loans provided by RedBird IMI, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d59cb0ea-ff08-47cb-b1fc-cf46dd36741c\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports, citing filings from the UK\u2019s Companies House register. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The assets:<\/strong> Six of the Barclays\u2019 companies have registered new transaction fees tied to the RedBird IMI loan, including registered charges by digital retailer The Very Group, the salmon-colored paper said. Securing these assets as collateral gives Redbird IMI the right to take control of the assets in case of default. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The Barclays entered into a <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6b0c3655-58eb-4c30-926b-9c62745145cf\" style=\"\" rel=\"noopener\">debt-for-equity swap<\/a> with RedBird IMI 2023 to repay the GBP 1.2 bn in debt it owes to Lloyds Bank in order to regain control over the Telegraph. The Abu Dhabi-backed vehicle \u2014 a JV between RedBird Capital Partners and UAE-based International Media Investments \u2014 agreed in <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/uk\/uks-lloyds-bank-paid-telegraph-debt-by-barclay-family-sky-news-2023-12-04\/\" style=\"\" rel=\"noopener\">December<\/a> to repay the Barclays\u2019 debt in full under a GBP 600 mn convertible loan that will see RedBird IMI take over The Telegraph and its sister publication, The Spectator, and another GBP 600 mn loan secured against other assets owned by the Barclays. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- The transaction has been contested in the UK<\/strong>, with 73 British MPs including a cabinet minister and frontbenchers from both political parties <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e911fc4f-36d5-45f5-b29d-395309f39dd0\" style=\"\" rel=\"noopener\">calling to halt<\/a> the takeover, followed by UK Culture Secretary Lucy Frazer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/be5be1e6-9906-4e16-91ed-d2485804ec87\" style=\"\" rel=\"noopener\">issuing an order<\/a> to prevent any further changes to the ownership of The Telegraph until the UK government completes its investigation into the takeover of the newspaper.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Barclay family is struggling to escape insolvency: <\/strong>The news comes against the backdrop of a Barclay family member <a target=\"_blank\" href=\"https:\/\/www.telegraph.co.uk\/business\/2024\/02\/16\/agents-sell-off-barclay-family-properties-on-sark\/\" style=\"\" rel=\"noopener\">selling over 100 real estate properties<\/a> on the island of Sark in a bid to raise liquidity as he \u201cfaces a petition from a leading private bank to declare him personally bankrupt,\u201d the Telegraph reported in <a target=\"_blank\" href=\"https:\/\/www.telegraph.co.uk\/business\/2024\/01\/31\/telegraph-co-owner-faces-bankruptcy-threat\/\" style=\"\" rel=\"noopener\">January<\/a>. The Barclays have also been reportedly <a target=\"_blank\" href=\"https:\/\/news.sky.com\/story\/barclay-family-scrambles-to-find-buyer-for-parcel-delivery-group-yodel-13065965\" style=\"\" rel=\"noopener\">looking to sell<\/a> their parcel delivery firm, Yodel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong><strong>Abu Dhabi-backed RedBird IMI also finalized an agreement to <\/strong><strong>acquire <\/strong><strong>UK-based media group All3Media <\/strong>from Warner Bros and Liberty for GBP 1.15 bn (AED 5.33 bn), according to a <a target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/02\/16\/2830768\/0\/en\/RedBird-IMI-to-Acquire-Global-Production-Company-All3Media.html\" style=\"\" rel=\"noopener\">statement<\/a> last Friday. The purchase of All3Media is the group's fifth and largest acquisition to date. RedBird IMI head and former CNN Global President Jeff Zucker will chair All3Media's board, with group CEO Jane Turton and COO Sara Geater retaining their roles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN OTHER M&A NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>nybl + Saudi Basserah set up AI JV:<\/strong> Dubai-based AI startup <a target=\"_blank\" href=\"https:\/\/www.nybl.ai\/\" style=\"\" rel=\"noopener\">nybl<\/a> finalized an agreement to merge and form a JV with Saudi data automation firm and <a target=\"_blank\" href=\"https:\/\/nomd.sa\/#OurInvestment\" style=\"\" rel=\"noopener\">Nomd<\/a> subsidiary Basserah, integrating the latter\u2019s products, systems, and intellectual property under the nybl brand, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2024\/02\/nybl-basserah-merge-expand-regional-reach\" style=\"\" rel=\"noopener\">press release<\/a>. The merger will help the companies expand regionally and globally by establishing a \u201cvertically integrated data-AI pipeline,\u201d the press release reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About nybl: <\/strong>Launched in 2019, nybl is a machine-learning platform that aims to democratize access to AI technology by offering services to facilitate the development of codeless machine learning models and applications. The platform provides real-time data failure prediction, prescription, prevention, and optimization. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cnybl and Basserah have demonstrated a long-term commitment to increasing local value and contributing to the economic and technological development of Saudi Arabia and the UAE. Our goal is to establish ourselves as the technological foundation for the world's leading corporations, and this merger has significantly expedited our progress toward achieving this objective,\u201d nybl co-founder and COO Mohammed Shono said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/barclay-family\/\">Barclay Family<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/redbird-imi\/\">Redbird IMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/the-telegraph\/\">The Telegraph<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89302 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=\"89302\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/89302-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89302\" class=\"content-area-description single-story post-89302 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=\"89303\" 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=\"89303\">\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\">MANUFACTURING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/edge-forms-eur-30-bn-vessel-manufacturing-jv-with-italys-fincantieri\/\">\r\n                            Edge and Italy shipbuilding giant Fincantieri to establish a JV                        <\/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 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/edge-forms-eur-30-bn-vessel-manufacturing-jv-with-italys-fincantieri\/&title=Edge forms EUR 30 bn vessel manufacturing JV with Italy\u2019s Fincantieri\">\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=Edge+forms+EUR+30+bn+vessel+manufacturing+JV+with+Italy%E2%80%99s+Fincantieri+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F22%2Fedge-forms-eur-30-bn-vessel-manufacturing-jv-with-italys-fincantieri%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\/22\/edge-forms-eur-30-bn-vessel-manufacturing-jv-with-italys-fincantieri\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2070.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89304\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/edge-forms-eur-30-bn-vessel-manufacturing-jv-with-italys-fincantieri\/2070-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2070.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2070.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2070.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2070.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89303\" class=\"content-area-description single-story post-89303 post type-post status-publish format-standard has-post-thumbnail hentry category-manufacturing tag-defense tag-edge tag-enterpriseam-uae tag-manufacturing 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\/.b64c82da-005a-4f0d-bbcf-b22d5c87501e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Edge and Italy\u2019s Fincantieri team up on naval manufacturing:<\/strong> Defense conglomerate <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/\" style=\"\" rel=\"noopener\">Edge Group<\/a> and Italian shipbuilding giant <a target=\"_blank\" href=\"https:\/\/www.fincantieri.com\/en\/\" style=\"\" rel=\"noopener\">Fincantieri<\/a> have agreed to form an Abu Dhabi-based joint venture to manufacture advanced naval vessels, with a commercial pipeline valued at EUR 30 bn, Edge said in a <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/news\/edge-group-and-shipbuilding-giant-fincantieri-launch-multi-billion-euro-joint-venture\" 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>Ownership breakdown: <\/strong>Edge will own 51% of the JV, while Fincantieri will own the remaining balance, alongside managing operations of the company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The JV will focus on engineering and designing frigates and other large maritime vessels, as well as the sales and commercial operations of the vessels, the statement said. It will also establish a dedicated design authority in a bid to develop intellectual property with the help of both Emirati nationals and international contributions. The JV will also create a program for mid-sized submarines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who are the vessels for?<\/strong> The JV has priority rights for contracts outside Nato, as well as strategic orders from some Nato members, the statement said, without disclosing who the members are. Edge will use the UAE\u2019s government-to-government arrangements and export credit financing packages for its orders.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/defense\/\">defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge\/\">EDGE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/manufacturing\/\">MANUFACTURING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89305\" 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=\"89305\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/fab-issues-usd-850-mn-five-year-debt\/\">\r\n                            FAB launches five-year USD 850 mn debt                        <\/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\/22\/fab-issues-usd-850-mn-five-year-debt\/\" 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\/22\/fab-issues-usd-850-mn-five-year-debt\/')\">\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\/22\/fab-issues-usd-850-mn-five-year-debt\/\">\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=FAB issues USD 850 mn five-year debt&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/fab-issues-usd-850-mn-five-year-debt\/\">\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\/22\/fab-issues-usd-850-mn-five-year-debt\/&title=FAB issues USD 850 mn five-year debt\">\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=FAB+issues+USD+850+mn+five-year+debt+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F22%2Ffab-issues-usd-850-mn-five-year-debt%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\/22\/fab-issues-usd-850-mn-five-year-debt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89306\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/fab-issues-usd-850-mn-five-year-debt\/25-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"25.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/25.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89305\" class=\"content-area-description single-story post-89305 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt tag-debt-watch tag-enterpriseam-uae tag-fab 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\/.ff5a65e5-57df-4d41-8bc9-b40c636e06ce.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>First Abu Dhabi Bank (FAB) placed a five-year fixed-income debt <\/strong><strong>issuance<\/strong> at 90 basis points (bps) over US treasuries, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/first-abu-dhabi-bank-starts-selling-5-year-debt-ifr-2024-02-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing IFR. The issuance is worth USD 850 mn, according to <a target=\"_blank\" href=\"https:\/\/bit.ly\/42N03nO\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. The bank had tightened pricing from an earlier <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/first-abu-dhabi-bank-starts-selling-5-year-debt-ifr-2024-02-21\/\" style=\"\" rel=\"noopener\">120 bps<\/a> on the back of strong demand, with some USD 2.1 bn in orders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors:<\/strong> The UAE's largest lender appointed CitiBank, HSBC, ICBC Dubai, Societe Generale, and Standard Chartered Bank as joint lead managers and bookrunners for the transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This marks FAB\u2019s second debt issuance of the year:<\/strong> FAB issued a five-year, USD 800 mn sukuk in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/626e7d62-254f-4586-9c68-337ee975c47a\" style=\"\" rel=\"noopener\">mid-January<\/a> at 85 bps over US treasuries, with a 4.8% yield. The shariah-compliant bonds were part of a USD 5 bn trust certificate issuance program announced last January.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fab\/\">FAB<\/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=\"89307\" 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=\"89307\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/dewa-and-masdar-reach-financial-close-for-sixth-phase-of-mbr-pv-park\/\">\r\n                            Dewa and Masdar reach financial close for sixth phase of MBR PV park                        <\/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\/22\/dewa-and-masdar-reach-financial-close-for-sixth-phase-of-mbr-pv-park\/\" 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\/22\/dewa-and-masdar-reach-financial-close-for-sixth-phase-of-mbr-pv-park\/')\">\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\/22\/dewa-and-masdar-reach-financial-close-for-sixth-phase-of-mbr-pv-park\/\">\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=Dewa and Masdar reach financial close for sixth phase of MBR PV park&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/dewa-and-masdar-reach-financial-close-for-sixth-phase-of-mbr-pv-park\/\">\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\/22\/dewa-and-masdar-reach-financial-close-for-sixth-phase-of-mbr-pv-park\/&title=Dewa and Masdar reach financial close for sixth phase of MBR PV park\">\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=Dewa+and+Masdar+reach+financial+close+for+sixth+phase+of+MBR+PV+park+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F22%2Fdewa-and-masdar-reach-financial-close-for-sixth-phase-of-mbr-pv-park%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\/22\/dewa-and-masdar-reach-financial-close-for-sixth-phase-of-mbr-pv-park\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1435.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89308\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/dewa-and-masdar-reach-financial-close-for-sixth-phase-of-mbr-pv-park\/1435-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1435.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1435.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1435.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1435.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89307\" class=\"content-area-description single-story post-89307 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-dewa tag-energy tag-enterpriseam-uae tag-masdar tag-renewables tag-solar-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.2c26f041-edd3-4c47-96cd-5053acf5c83f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dewa, Masdar secure AED 5.5 bn for sixth phase of UAE\u2019s Al Maktoum solar park:<\/strong>Dubai\u2019s Electricity and Water and Authority Dewa and UAE\u2019s state owned renewables giant Masdar have reached financial close on the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/292f3379-a585-4d8c-b999-94b91953503e\" style=\"\" rel=\"noopener\">1.8 GW sixth phase<\/a> of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/financial-closing-on-1800mw-6th-phase-of-mohammed-bin-rashid-al-maktoum-solar-park\" style=\"\" rel=\"noopener\">statement<\/a>. The sixth phase will see the total production output increase to 4.66 GW by 2026 \u2014 up from the previously reported <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9240b002-affa-47ce-b989-011960533c9a\" style=\"\" rel=\"noopener\">4.2 GW<\/a> \u2014 the statement added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where the money will come from: <\/strong>The lending group to the project includes Abu Dhabi Commercial Bank, Commercial Bank of Dubai, First Abu Dhabi Bank, HSBC, Standard Chartered Bank, Abu Dhabi Islamic Bank, and Warba Bank.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project:<\/strong> Dewa established a JV with Masdar for the plant \u2014 dubbed Shuaa Energy 4 \u2014 with the former holding 60% of the company, allocating some AED 5.5 bn to establish PV panels under an independent power producer (IPP) model. The project \u2014 which will be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/292f3379-a585-4d8c-b999-94b91953503e\" style=\"\" rel=\"noopener\">constructed<\/a> by India\u2019s Larsen & Toubro\u2019s (L&T) construction arm \u2014 is expected to kick off operations in phases between 4Q 2024 and 2026. It\u2019s expected to provide clean energy for approximately 540k households and offset about 2.36 mn tons of carbon emissions annually. <\/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\/dewa\/\">DEWA<\/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\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89309\" 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=\"89309\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/al-mal-capitals-reit-saw-net-income-rise-in-2023\/\">\r\n                            Al Mal Capital\u2019s REIT saw net income rise in 2023                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/al-mal-capitals-reit-saw-net-income-rise-in-2023\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/al-mal-capitals-reit-saw-net-income-rise-in-2023\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/al-mal-capitals-reit-saw-net-income-rise-in-2023\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Al Mal Capital\u2019s REIT saw net income rise in 2023&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/al-mal-capitals-reit-saw-net-income-rise-in-2023\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/al-mal-capitals-reit-saw-net-income-rise-in-2023\/&title=Al Mal Capital\u2019s REIT saw net income rise in 2023\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Al+Mal+Capital%E2%80%99s+REIT+saw+net+income+rise+in+2023+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F22%2Fal-mal-capitals-reit-saw-net-income-rise-in-2023%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/al-mal-capitals-reit-saw-net-income-rise-in-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2318.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89310\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/al-mal-capitals-reit-saw-net-income-rise-in-2023\/2318-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2318.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2318.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2318.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2318.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89309\" class=\"content-area-description single-story post-89309 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-al-mal-capital tag-dfm tag-earnings tag-earnings-watch tag-enterpriseam-uae tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.a8e07076-09fd-4b04-97f0-8e5b81f7dd56.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Investments subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.almalcapitalreit.com\/\" style=\"\" rel=\"noopener\">Al Mal Capital<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/www.almalcapitalreit.com\/\" style=\"\" rel=\"noopener\">\u2019s<\/a> <strong><a target=\"_blank\" href=\"https:\/\/www.almalcapitalreit.com\/\" style=\"\" rel=\"noopener\">real estate investment trust (REIT)<\/a><\/strong><strong> saw its net income rise 73% <\/strong><strong>y-o-y<\/strong> to AED 34.5 mn in 2023, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2095.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The company\u2019s topline almost doubled, growing 93% y-o-y to AED 44.8 mn over the year. Al Mal Capital\u2019s total assets also jumped 75% y-o-y to AED 624 mn in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The real estate fund <\/strong><strong>attributed <\/strong><strong>the robust performance to the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.almalcapital.com\/index.php\/2023\/02\/16\/al-mal-capital-reit-adds-another-k-12-educational-asset-in-its-portfolio\/\" style=\"\" rel=\"noopener\">acquisition of two schools<\/a><\/strong>that were leased to Gems Education, resulting in \u201cdeployment of a major part of unitholders\u2019 equity, increased lease rental income, and upscaling the dividend payout to achieve the target dividend return of 7%.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>\u201cThe fund is seeking to upscale the unitholders\u2019 capital in 2024 and is working towards a capital offering to shore up the equity base to acquire new assets and grow the portfolio.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Al Mal <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ae8206f2-a4af-4962-9b40-5f7b063744d6\" style=\"\" rel=\"noopener\">recently<\/a> said it plans to issue 400 mn new units at a price of AED 1.1 per unit, leading to a share capital increase of AED 790 mn if fully subscribed. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-mal-capital\/\">Al Mal Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89311\" 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=\"89311\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/etihad-airways-gets-a-new-vice-president-of-cargo\/\">\r\n                            Stanislas Brun appointed as Etihad Airways\u2019 vice president of cargo                        <\/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\/22\/etihad-airways-gets-a-new-vice-president-of-cargo\/\" 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\/22\/etihad-airways-gets-a-new-vice-president-of-cargo\/')\">\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\/22\/etihad-airways-gets-a-new-vice-president-of-cargo\/\">\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=Etihad Airways gets a new vice president of cargo&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/etihad-airways-gets-a-new-vice-president-of-cargo\/\">\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\/22\/etihad-airways-gets-a-new-vice-president-of-cargo\/&title=Etihad Airways gets a new vice president of cargo\">\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=Etihad+Airways+gets+a+new+vice+president+of+cargo+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F22%2Fetihad-airways-gets-a-new-vice-president-of-cargo%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\/22\/etihad-airways-gets-a-new-vice-president-of-cargo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2109.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89312\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/etihad-airways-gets-a-new-vice-president-of-cargo\/2109-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2109.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2109.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2109.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2109.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89311\" class=\"content-area-description single-story post-89311 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-abu-dhabi-ship-building tag-aviation tag-enterpriseam-uae tag-etihad-airways tag-moves 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\/.85f89e08-dfae-406a-ae70-ab2d84425775.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad Airways <\/strong>appointed <strong>Stanislas Brun<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/stanislas-brun-95974025\/?originalSubdomain=nl\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as <strong>vice president of cargo<\/strong>, based in Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/people-in-the-news\/etihad-airways-appoints-vice-president-cargo-to-drive-growth-y7t3hf78\" style=\"\" rel=\"noopener\">press release<\/a>. Brun will oversee all aspects of cargo commercial operations, including revenue management and network planning. Brun has over two decades of experience in freight air transport, including more than two decades in the EMEA region. He most recently served as senior vice president of global airfreight at logistics firm <a target=\"_blank\" href=\"https:\/\/geodis.com\/\" style=\"\" rel=\"noopener\">Geodis<\/a>, overseeing global air cargo operations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi Ship Building <\/strong>appointed <strong>Najwa Aaraj<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/drnajwaaaraj\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as a<strong> board member<\/strong>,effective from this past Tuesday, 20 February, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2060.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. Aaraj replaces Mansour Al Mulla. Aaraj serves as the chief researcher at the Cryptography Research Center and the Autonomous Robotics Research Center at the Technology Innovation Institute, where her focus is on technological advancement of cryptographic and quantum communication, alongside leading developments in autonomous robotics and self-navigating vehicles.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-ship-building\/\">Abu Dhabi Ship Building<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etihad-airways\/\">Etihad Airways<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89313\" 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=\"89313\">\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\">TRENDING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/fifa-boss-gianni-infantino-is-in-town\/\">\r\n                            Fifa boss Gianni Infantino is in town                        <\/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\/22\/fifa-boss-gianni-infantino-is-in-town\/\" 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\/22\/fifa-boss-gianni-infantino-is-in-town\/')\">\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\/22\/fifa-boss-gianni-infantino-is-in-town\/\">\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=Fifa boss Gianni Infantino is in town&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/fifa-boss-gianni-infantino-is-in-town\/\">\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\/22\/fifa-boss-gianni-infantino-is-in-town\/&title=Fifa boss Gianni Infantino is in town\">\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=Fifa+boss+Gianni+Infantino+is+in+town+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F22%2Ffifa-boss-gianni-infantino-is-in-town%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\/22\/fifa-boss-gianni-infantino-is-in-town\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2139.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89314\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/fifa-boss-gianni-infantino-is-in-town\/2139-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2139.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2139.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2139.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2139.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89313\" class=\"content-area-description single-story post-89313 post type-post status-publish format-standard has-post-thumbnail hentry category-trending tag-enterpriseam-uae tag-fifa tag-football tag-trending 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\/.82eeb555-387a-44de-a8d6-49cfb0f90777.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yesterday UAE X welcomed <\/strong><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=fifa%20president&src=typed_query&f=live\" style=\"\" rel=\"noopener\">FIFA boss<\/a><\/strong><strong> Gianni Infantino<\/strong>, who came into town yesterday and <a target=\"_blank\" href=\"https:\/\/twitter.com\/uaefa_ae\/status\/1760366026657550589\" style=\"\" rel=\"noopener\">met with<\/a> President Sheikh <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%D8%B1%D9%8A%D9%8A%D8%B3%20%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF%20%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A&src=typed_query\" style=\"\" rel=\"noopener\">Mohammed bin Zayed Al Nahyan<\/a>. In related football news, Al Ain (<a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/%D9%86%D8%A7%D8%AF%D9%8A_%D8%A7%D9%84%D8%B9%D9%8A%D9%86?src=hashtag_click\" style=\"\" rel=\"noopener\">#\u0646\u0627\u062f\u064a_\u0627\u0644\u0639\u064a\u0646<\/a>) were also trending after making it through to the quarter finals of the AFC champions league, thanks to a <a target=\"_blank\" href=\"https:\/\/twitter.com\/TheAFCCL\/status\/1760372850522038447\" style=\"\" rel=\"noopener\">goal<\/a> from Sufian Rahimi (<a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%D8%B3%D9%81%D9%8A%D8%A7%D9%86%20%D8%B1%D8%AD%D9%8A%D9%85%D9%8A&src=typeahead_click&f=live\" style=\"\" rel=\"noopener\">#\u0633\u0641\u064a\u0627\u0646 \u0631\u062d\u064a\u0645\u064a<\/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\/fifa\/\">Fifa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/football\/\">football<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trending\/\">TRENDING<\/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=\"89315\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/43010.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20607.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Rise every day<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            \r\n            <div 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<div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"89316\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/burjeel-expands-in-riyadh\/\">\r\n                            Burjeel expands in Riyadh                        <\/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            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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/burjeel-expands-in-riyadh\/2161-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2161.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2161.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2161.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2161.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89316\" class=\"content-area-description single-story post-89316 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-ad-ports tag-also-on-our-radar tag-aviation tag-burjeel-holdings tag-emirates tag-enterpriseam-uae tag-etihad-airways tag-healthcare tag-hospitality tag-logistics 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\/.625c2013-1482-43d1-ba24-42d4ab776172.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Burjeel to launch surgery centers in Riyadh: <\/strong>ADX-listed healthcare provider <a target=\"_blank\" href=\"https:\/\/burjeelholdings.com\/\" style=\"\" rel=\"noopener\">Burjeel Holdings<\/a> plans to launch two specialized day surgery centers in Riyadh by 2025, as part of its regional expansion in Saudi Arabia, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2047.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The centers will provide minimally invasive services in oncology, gynecology, orthopedics, and neurology, with capex investments of USD 30-40 mn each. The facilities are expected to generate SAR 150-200 mn in revenue when fully operating, according to the disclosure.<\/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\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>South Korean hotel management <\/strong><strong>company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.h2ohospitality.io\/sub\/about\/history.html\" style=\"\" rel=\"noopener\">H2O<\/a><\/strong><strong> has <\/strong><strong>established its regional headquarters in Abu Dhabi<\/strong> to kick off operations in Europe, the Middle East, and Africa, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/in-collaboration-with-abu-dhabi-investment-office-h2o-hospitality-establishes-regional-headquarters-in-abu-dhabi\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The company manages some 680 properties and more than 190k units. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kleindienst Group\u2019s flagship project The Heart of Europe will launch and operate <\/strong><strong>the InterContinental Resort Portofino in Dubai<\/strong>, after inking an agreement with IHG Hotels & Resorts, <a target=\"_blank\" href=\"https:\/\/www.tradearabia.com\/news\/TTN_419159.html\" style=\"\" rel=\"noopener\">Trade Arabia<\/a> reports. The resort is slated to open in early 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\">SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Mohammed Bin Rashid Space Center completed 50% of the construction and<\/strong><strong>assembly of the MBZ-Sat satellite<\/strong>, slated for completion before the end of June ahead of its launch in 2H 2024, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/uae\/news\/2024-02-21-1.4824144\" style=\"\" rel=\"noopener\">Al Bayan<\/a> reports. The center has conducted technical tests for all of the satellite\u2019s components, with the majority of components sourced locally. The 800 kg satellite is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/44deea0a-268a-4973-b70f-f9c456c6aa3d\" style=\"\" rel=\"noopener\">expected<\/a> to more than double image capture accuracy with triple data transfer speed, when compared to its predecessor, KhalifaSat. The satellite has been in the works <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2020\/October\/28-10\/Mohammed-bin-Rashid-MBRSC\" style=\"\" rel=\"noopener\">since October 2020<\/a>. Its operational duration in orbit is expected to last eight years at 613 km.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/\" style=\"\" rel=\"noopener\">AD Ports Group<\/a><\/strong><strong> subsidiary <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.kezadgroup.com\/\" style=\"\" rel=\"noopener\">Kezad Group<\/a><\/strong><strong> will transfer the management and<\/strong><strong> operation of its built up assets<\/strong> \u2014 amounting to around 750k sqm \u2014 to Kezad Assets Management Company, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2024\/02\/21\/kezad-assets-management-company\" 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\">AVIATION-<\/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.google.com\/aclk?sa=l&ai=DChcSEwib9LXFhLyEAxXilVAGHW_QBTgYABAAGgJkZw&ase=2&gclid=CjwKCAiA29auBhBxEiwAnKcSqr56WjpLdguFVWlPPJZt4Pk_gy0W6g-nFPYcIUO4qdP-ZOO6LNbMCRoC_SUQAvD_BwE&sig=AOD64_2sgvqL1iiyti6bZm6UcObKbY46mQ&q&nis=4&adurl&ved=2ahUKEwi3uq7FhLyEAxUCWEEAHegkBVoQ0Qx6BAgFEAE\" style=\"\" rel=\"noopener\">Etihad Airways<\/a><\/strong><strong> has added three new Boeing 787-9s to its fleet<\/strong>, <a target=\"_blank\" href=\"https:\/\/twitter.com\/etihad\/status\/1759553200795836422\" style=\"\" rel=\"noopener\">the airline said<\/a> on Monday. The airline had ordered four Dreamliners to fuel its expansion to new destinations, it said <a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en-eg\/news\/etihad-airways-newest-7879-dreamliner-on-display-at-dubai-airshow\" style=\"\" rel=\"noopener\">earlier<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>National carrier<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.emirates.com\/eg\/english\/\" style=\"\" rel=\"noopener\">Emirates<\/a><\/strong><strong> is introducing daily flights to Colombia<\/strong>,starting from 3 June, according to a <a target=\"_blank\" href=\"https:\/\/www.emirates.com\/media-centre\/emirates-to-expand-its-south-american-network-with-launch-of-services-to-bogota-from-3-june\/\" style=\"\" rel=\"noopener\">statement<\/a>. The flights to the Colombian capital, Bogota, will take to the air via Emirates\u2019 Boeing 777-300ER aircraft, witha stop in Miami, Florida. <\/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\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>President Mohammed bin Zayed met Fifa chief Gianni Infantino<\/strong> yesterday at Qasr Al Bahr during his visit to attend the <a target=\"_blank\" href=\"https:\/\/www.fifa.com\/fifaplus\/en\/tournaments\/mens\/beachsoccerworldcup\/united-arab-emirates-2024\" style=\"\" rel=\"noopener\">Fifa Beach Soccer World Cup<\/a> in Dubai, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b1ryb2b-uae-president-receives-fifa-president\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The president discussed with Infantino the prospects of promoting the cooperation between the Emirates and Fifa.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ad-ports\/\">AD Ports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/burjeel-holdings\/\">Burjeel Holdings<\/a>\n   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<\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89318\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"89318\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/ether-outperforms-btc-amid-etf-speculation\/\">\r\n                            Ether outperforms BTC amid ETF speculation                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div 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class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/ether-outperforms-btc-amid-etf-speculation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2151.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89319\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/ether-outperforms-btc-amid-etf-speculation\/2151-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2151.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2151.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2151.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2151.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89318\" class=\"content-area-description single-story post-89318 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-cryptocurrency tag-enterpriseam-uae tag-financial-markets tag-planet-finance 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\/.fdfe461b-d507-4214-b8e9-efc65fdaa3d8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Move aside BTC, there\u2019s a new cryptocoin boss in town:<\/strong> The Ethereum network\u2019s crypto token Ether \u2014 the second largest after BTC \u2014 hit the USD 3k mark for the first time since April 2022 yesterday, as investors anticipate the approval of a spot-based Ether exchange-traded fund (ETF), <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-21\/bitcoin-btc-lags-ether-eth-as-etf-hype-shifts-to-second-largest-token?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The view from the (digital) trading floor: <\/strong>Ether has grown at a faster rate in the market than BTC so far this year, with Ether having climbed 28%, compared to BTC\u2019s 21%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And Ether\u2019s gains are expected to continue: <\/strong>\u201cI expect Ether to continue to outperform BTC in the coming months, at least until April-May when the potential ETF approval looms closer,\u201d digital asset platform OSL\u2019s head of sales trading Stefan von Haenisch told the business information service.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But Ether ETFs are not a sure thing: <\/strong>Analysts are split over whether the approval of BTC\u2019s ETFs in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff7c363c-9225-49b1-8a2b-d55b6ce8203d\" style=\"\" rel=\"noopener\">January<\/a> will pave the way for other cryptocurrencies to follow suit, as some analysts have indicated doubt that the US Securities and Exchange Commission would grant approval to Ether\u2019s ETFs.<\/p>\n<p><a target=\"_blank\" id=\"t.324973b5428e2dba062108a3366d0d4fd1fde233\" 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\">9,389<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: -2.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,254<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: +4.8%)<\/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>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\">3,812<\/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: -0.8%)<\/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>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.1% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.3% 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\">12,634<\/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: +5.6%)<\/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\">29,292<\/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: +17.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,982<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +4.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">7,663<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: -0.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,775<\/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: +5.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 83.03<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8%<\/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 1.78<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 2,036.60<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 51,388.81<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.3% (YTD: +21.4%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX fell 0.1% yesterday<\/strong> on turnover of AED 1.3 bn. The index is down 2.0% 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>Dana Gas (+12.8%), National Corporation for Tourism and Hotels (+7.8%) and Palms Sports (+6.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Bank of Sharjah (-9.9%), Rapco Investment (-9.6%) and Abu Dhabi National Company for Building Materials (-5.7%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index fell 0.5% on turnover of AED 456.8 mn, while Nasdaq Dubai closed down 0.6%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- e& will pay AED 3.48 bn in dividends for 2H 2023<\/strong>, bringing total dividends for 2023 to 80 fils per share, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2049.pdf\" style=\"\" rel=\"noopener\">ADX disclosure<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The board is also planning a new progressive dividend policy<\/strong>, with an annual increase of 3 fils per share for the next three years, reaching a dividend per share of 89 fils by 2026, according to the disclosure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Emirates NBD will pay some AED 7.56 bn in dividends for 2023<\/strong>, the bank said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2146.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\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89320\" 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=\"89320\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/22\/fm-explores-closer-ties-with-germany-vp-in-turkmenistan\/\">\r\n                            FM explores closer ties with Germany + VP in Turkmenistan                        <\/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\/22\/fm-explores-closer-ties-with-germany-vp-in-turkmenistan\/\" 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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Al Nahyan also discussed with the two German officials the developments in Gaza, reiterating the importance of a \u201ctwo-state solution\u201d to establish longstanding peace in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Nahyan also discussed developing cooperation in economic and environmental fields<\/strong> with a number of German businessmen and CEOs. <\/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>UAE calls for a two-state solution at the ICJ: <\/strong>Permanent representative at the UN Lana Zaki Nusseibeh stressed the importance of the Palestinian right to self-determination and the realization of a two-state solution at the International Court of Justice (ICJ) in The Hague yesterday, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b1ryb2a-before-international-court-justice-uae-advocates\" style=\"\" rel=\"noopener\">reports Wam<\/a>. This took place during proceedings to obtain the ICJ\u2019s advisory opinion on Israel\u2019s occupation of Palestinian territories. In her testimony, Nusseibeh highlighted the dire consequences of Israel\u2019s unlawful policies in the occupied West Bank and East Jerusalem, as well as in its current war on Gaza.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nusseibeh\u2019s statement came as the UAE\u2019s mission to <\/strong><strong>the UN <\/strong><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/UAEMissionToUN\/status\/1760005007208812659?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" style=\"\" rel=\"noopener\">said<\/a><\/strong><strong> it is \u201cdeeply disappointed\u201d with the US\u2019 veto of a UN Security Council resolution<\/strong> calling for an immediate ceasefire in Gaza on Tuesday. President Mohammed bin Zayed\u2019s Diplomatic Advisor, Anwar Gargash, also said the unsuccessful vote \u201cdeepens the humanitarian catastrophe\u201d on <a target=\"_blank\" href=\"https:\/\/twitter.com\/AnwarGargash\/status\/1760020007143035130\" style=\"\" rel=\"noopener\">X<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Algerian-drafted resolution saw 13 of 15 votes in favor on Tuesday<\/strong>, while the UK abstained and the US was the only country to exercise its veto rights.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In other diplomacy news:<\/strong><\/p>\n<ul>\n<li><strong>Vice President Sheikh<\/strong><strong> Mansour bin Zayed Al <\/strong><strong>Nahyan met with Turkmenistan\u2019s President<\/strong> Serdar Berdimuhamedow yesterday to discuss boosting bilateral economic and investment ties, as well as cooperation in renewable energy, innovation, and AI, reports <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b1ryaqd-mansour-bin-zayed-president-turkmenistan-discuss\" style=\"\" rel=\"noopener\">Wam<\/a>.<\/li>\n<li><strong>President Sheikh Mohammed bin Zayed talked bilateral cooperation, with a focus <\/strong><strong>on economic development and investment<\/strong>, with Indonesia President Joko Widodo during a phone call yesterday, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b1ryazf-uae-and-indonesian-presidents-discuss-bilateral\" style=\"\" rel=\"noopener\">Wam reports<\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/israel-palestine-conflict\/\">Israel-Palestine conflict<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-germany-relations\/\">UAE-Germany relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-turkmenistan-relations\/\">UAE-Turkmenistan 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=\"89322\" 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\/22\/89322-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89322\" class=\"content-area-description single-story post-89322 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;\">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>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>26 February (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/trendsresearch.org\/\" style=\"\">Trends Research and Advisory<\/a><\/span><span> and International Institute for <\/span><span>Cultural <\/span><span>Diplomacy joint conference, <\/span><span>Abu Dhabi<\/span><span>.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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>1 March (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/adfosummit.ae\/\" style=\"\">Abu Dhabi Fam<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/adfosummit.ae\/\" style=\"\">ily Office Summit<\/a><\/span><span>, <\/span><span>Saadiyat Rotana.<\/span><\/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 style=\"font-weight:400;\">, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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>23-25 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.argusmedia.com\/en\/events\/conferences\/fertilizer-asia-conference\" style=\"\">Argus Fertilizer Asia Conference<\/a><\/span><span>,<\/span><span> Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">24-26 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 style=\"font-weight:400;\">, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>Eagle Hills, UDC Real Estate investing overseas | Barclays\u2019 assets as collateral for Redbird IMI | FAB\u2019s USD 850 mn debt | Burjeel expands in Riyadh<\/p>\n","protected":false},"featured_media":89295,"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-89294","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"75a0d62b-a08a-4266-b388-1b3b49be243d","teaser":"Eagle Hills, UDC Real Estate investing overseas | Barclays\u2019 assets as collateral for Redbird IMI | FAB\u2019s USD 850 mn debt | Burjeel expands in Riyadh","photo_url":"https:\/\/ent.news\/2024\/1\/884.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO 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