{"id":89498,"date":"2024-02-28T00:00:00","date_gmt":"2024-02-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=89498"},"modified":"2025-12-14T23:37:14","modified_gmt":"2025-12-14T23:37:14","slug":"dubais-parkin-will-become-the-uaes-first-ipo-of-the-year","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/dubais-parkin-will-become-the-uaes-first-ipo-of-the-year\/","title":{"rendered":"Dubai\u2019s Parkin will become the UAE\u2019s first IPO of the year"},"content":{"rendered":"<section id=\"89500\" 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=\"89500\">\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\/28\/wto-ministerial-signs-off-on-trade-services-agreement\/\">\r\n                            THIS MORNING: WTO ministerial signs off on trade services agreement                        <\/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\/28\/wto-ministerial-signs-off-on-trade-services-agreement\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The company will offer up a 25% stake in its debut, which will mark the UAE\u2019s first IPO of the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^We have chapter and verse in this morning\u2019s news well, below. <\/p>\n<p class=\"tag-border-left\">WTO MINISTERIAL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Day two of WTO meeting sees trade services agreement go into effect: <\/strong>The second day of the WTO ministerial meeting saw 71 countries activating the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2659.pdf\" style=\"\" rel=\"noopener\">joint initiative on services domestic regulation (pdf)<\/a> that intends to ease procedural and administrative hurdles faced by SMEs in the services sector, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1viwgi-mc13s-new-service-regulations-aim-cut-global-trade\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreement is the first tangible WTO achievement in the service sector in over 25 years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters:<\/strong> The implementation of the new regulations has the potential to reduce trade costs by more than USD 125 bn, according to Wam. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">STILL ON THE DRAWING TABLE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fisheries agreement still needs a push:<\/strong> Talks on the fisheries agreement continued on the second day of the conference behind closed doors, with a final agreement yet to be finalized, although there are now 70 signatories after the Philippines accepted the agreement, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1viwp6-philippines-formally-accepts-agreement-fisheries\" style=\"\" rel=\"noopener\">Wam<\/a> reported. The acceptance of forty more members is still needed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No consensus yet on an investments agreement:<\/strong> Members need to reach consensus on incorporating the <a target=\"_blank\" href=\"https:\/\/www.wto.org\/english\/tratop_e\/invfac_public_e\/invfac_e.htm\" style=\"\" rel=\"noopener\">Investment Facilitation for Development Agreement<\/a> \u2014 which 125 members have already agreed to \u2014 in the WTO\u2019s legal corpus, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/wto-meeting-abu-dhabi-whats-stake-2024-02-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The agreement seeks to ease bureaucratic hurdles and encourage FDI. However, some countries are voicing their opposition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And no sign of India yet:<\/strong> India's Commerce Minister Piyush Goya \u2014 seen as a major player in the four-day talks \u2014 has yet to arrive in Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/wto-meeting-abu-dhabi-whats-stake-2024-02-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> PUBLIC SERVICE ANNOUNCEMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>#1- Ras Al Khaimah clamps down on traffic violations: <\/strong>Individuals who violate certain traffic laws will have their vehicles impounded for anywhere between 15 days and three months, and will be required to pay between AED 1-20k to have them, after the Ras Al Khaimah Police tightened traffic rules on <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/story.php?story_fbid=816653247169387&id=100064741566993&mibextid=WC7FNe\" style=\"\" rel=\"noopener\">Monday<\/a>. Impoundment durations and release fees double for repeat offenders. The new set of rules, which addresses violations such as road stunts, modified vehicles, and making unnecessary noise, will take effect from Friday, 1 March. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- Companies that delay registration for the corporate tax will be fined AED 10k<\/strong>, the Finance Ministry <a target=\"_blank\" href=\"https:\/\/x.com\/MOFUAE\/status\/1762479997371953604?s=20\" style=\"\" rel=\"noopener\">said<\/a>. Effective this Friday, 1 March, the penalty will be imposed on companies that fail to submit their registration applications prior to the Federal Tax Authority\u2019s specified deadlines, which it sets out in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2711.pdf\" style=\"\" rel=\"noopener\">new decision (pdf)<\/a>. Companies that fail to register before 1 March will still be required to apply within three months (ie before 31 May 2024) to avoid violating tax laws. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You can register<\/strong> via the Federal Tax Authority\u2019s <a target=\"_blank\" href=\"https:\/\/eservices.tax.gov.ae\/#\/Logon\" style=\"\" rel=\"noopener\">EmaraTax platform<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Restaurants and shops in Sharjah that want to sell food during fasting hours throughout<\/strong><strong> Ramadan are required to obtain permits<\/strong> that will cost AED 3k to issue, according to the <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/photo?fbid=731958295711549&set=pcb.731958335711545\" style=\"\" rel=\"noopener\">Sharjah Municipality<\/a>. Food displays outside shops during the day will also require a permit for a AED 500 fee. <\/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=\"wwtt3\"><\/a> <strong>#1- Hotel and hotel apartment bookings in Fujairah rose 32% y-o-y in 2023<\/strong>, hitting over 61k rooms over the course of the year, up 32% y-o-y, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-02-26-1.4827119\" style=\"\" rel=\"noopener\">Al Bayan<\/a> cites Director General of Fujairah\u2019s Department of Tourism and Antiquities Saeed Al-Samahi as saying. Hotel occupancy climbed 9% during the period, with room capacity nearing full on holidays and weekends. Al-Samahi attributes the growth to new hotel projects during the year, including Dibba Mountain Park Resort and DoubleTree Hilton Hotel, and the restoration of archaeological sites Habhab Castle and Al-Qarya Castle.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Some 260 startups joined Abu Dhabi\u2019s tech VC <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.hub71.com\/\" style=\"\" rel=\"noopener\">Hub71<\/a><\/strong><strong> in 2023<\/strong>, raising AED 5.4 bn in five years, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/32il8ko7-260-%D8%B4%D8%B1%D9%83%D8%A9-%D9%86%D8%A7%D8%B4%D8%A6%D8%A9-hub71-%D8%AA%D9%86%D8%AC%D8%AD-%D8%AC%D9%85%D8%B9-54-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D8%B1%D9%87%D9%85-%D8%AE%D9%84%D8%A7%D9%84\" style=\"\" rel=\"noopener\">Wam<\/a> reported. Hub71 created 1.1k jobs, with AED 3.5 billion in revenue and 118 transactions totaling AED 658 mn in the last two years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#3- The UAE food service market size is projected to reach USD 43.98 bn by 2029<\/strong>, from an estimated USD 19.98 bn in 2024, with a projected compound annual growth rate (CAGR) of 17.10% during the period, according to a Mordor Intelligence <a target=\"_blank\" href=\"https:\/\/www.mordorintelligence.com\/industry-reports\/uae-foodservice-market\/market-size\" style=\"\" rel=\"noopener\">report<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breakdown by food service type: <\/strong>The largest segment in terms of food service type, with a 41.6% share of the market value in 2023, is full service restaurants, driven by the demand for comprehensive dining experiences. However, quick service restaurants are the fastest-growing segment, with a projected CAGR of 18.9% over the period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breakdown by outlet type: <\/strong>Independent outlets are the largest segment by outlet type and hold a 60.5% share of the market value. Chained outlets are the fastest-growing segment with a 17.6% projected CAGR over the period, fueled by rising consumer demand for consistent dining options and competitive pricing strategies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#1- The Sharjah government has enlisted several banks to organize investor gatherings <\/strong><strong>for a <\/strong><strong>benchmark-sized, senior unsecured USD sustainable bond issuance<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/articles\/sharjah-government-picks-banks-for-12-year-bond-sale-document-shows\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing an arranging bank document. The issuance will have a 12-year tenor. Benchmark-sized issuances usually indicate an offering of at least USD 500 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Participating banks: <\/strong>Emirates NBD Capital and HSBC have been chosen to jointly serve as global coordinators, lead managers, and bookrunners, while Citi, Credit Agricole CIB, and Standard Chartered Bank will act as joint lead managers and bookrunners. HSBC will serve as the sole ESG structuring agent. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Emirati logistics giant DP World is eyeing potential investments in building logistics <\/strong><strong>hubs and an industrial park in the Philippines<\/strong>, according to a Philippines Trade and Industry Department <a target=\"_blank\" href=\"https:\/\/www.dti.gov.ph\/news\/ph-eyes-collaboration-logistics-giant-dp-world\/\" style=\"\" rel=\"noopener\">statement<\/a>. The Philippines will collaborate with DP World on developing their logistics sector, including industrial parks, economic zones, and digital solutions, Philippines Trade and Industry Department secretary Fred Pascual said. The country has launched a program to prioritize infrastructure investments for developing seaports, airports, and railways to enhance accessibility in a bid to become Asia\u2019s next logistics hub, the statement says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong><strong>The UAE and Malaysia are poised to finalize a trade agreement by the end of June<\/strong>, potentially paving the way for more investments in the country from UAE sovereign wealth funds, Malaysian Trade Minister Tengku Zafrul Aziz told <a target=\"_blank\" rel=\"noopener\">Reuters<\/a> on the sidelines of the WTO meeting. Negotiations on the agreement are nearing completion, and Malaysia has expressed hopes that the UAE will invest in its energy, digital economy, electric vehicle, and chip sectors. The Malaysian trade minister said the agreement could position Malaysia as a key hub for UAE investments in Asia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The UAE is set to engage in talks with Peru on a trade agreement in the coming <\/strong><strong>months<\/strong> in a bid to boost exports between the countries, <a target=\"_blank\" href=\"https:\/\/www.arabnews.com\/node\/2467376\/business-economy\" style=\"\" rel=\"noopener\">Arab News<\/a> reports, citing an announcement at the World Trade Organization meeting in Abu Dhabi. The agreement would mark the UAE\u2019s first pact of its kind in the Americas, and would be Peru\u2019s first with a country in the MENA region. The two countries <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2023\/6\/8\/8-6-2023-uae-peru\" style=\"\" rel=\"noopener\">inked<\/a> an aviation agreement last June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Mubadala Energy plans to increase gas production at Malaysia\u2019s Pegaga field<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/mubadala-working-expanding-gas-production-malaysias-pegaga-field-exec-2024-02-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing media statements from COO Stefano Raciti, who does not disclose the details of the expansion. The field currently has the capacity to produce 550 mn standard cubic feet per day of gas, which travels through a new subsea pipeline linked to an offshore gas pipeline network to export it from Bintulu LNG terminal.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Ireland is looking to reel in investments from GCC sovereign wealth funds for its<\/strong><strong> infrastructure projects<\/strong>, the country\u2019s Enterprise, Trade and Employment Minister Simon Coveney told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/ireland-seeks-out-middle-east-sovereign-wealth-funds-2024-02-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> on the sidelines of the WTO meeting. Highlighting the trade relations between Ireland and the UAE and the country\u2019s growing trade with the UAE and Saudi Arabia, Coveney said that he sees Ireland welcoming more Gulf investments over the upcoming years. <\/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\"><strong>#1-<\/strong><strong>The International Conference on <\/strong><strong><a target=\"_blank\" href=\"https:\/\/esgmena.com\/blog\/2023\/12\/08\/2nd-international-conference-water-resources-management-sustainability-solutions-for-arid-regions\/#:~:text=Held%20from%20February%2026%20to,solutions%20in%20water%20resource%20management.\" style=\"\" rel=\"noopener\">Management and Sustainability of Water Resources<\/a><\/strong>is on its second and final day at the Marriott Hotel, Al Jaddaf, Dubai. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The third day of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/uaeinnovates.gov.ae\/aei-event\/the-fourth-international-innovation-forum-2024\/\" style=\"\" rel=\"noopener\">The International Innovation Forum 2024<\/a><\/strong><strong> is underway <\/strong>at the Dubai Customs head office as part of the ongoing <a target=\"_blank\" href=\"https:\/\/uaeinnovates.gov.ae\/\" style=\"\" rel=\"noopener\">UAE Innovates<\/a> national event. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- It\u2019s the final day for mobility startups to pitch ideas for sustainable transportation solutions<\/strong> as part of 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 UAE Innovates. 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>#4- The UAE-Kazakhstan Business Council\u2019s first meeting kicks off today <\/strong><strong>at Expo City Dubai<\/strong>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1sjq9f-uae-kazakhstan-business-council-host-its-first\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Kazakh Trade Minister Shakkaliyev Arman will participate, along with over 200 private companies across various sectors from both countries. The event aims to promote cooperation between UAE and Kazakh businesses. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ipscongress.com\/\" style=\"\" rel=\"noopener\">International Property Show<\/a><\/strong><strong> kicked off yesterday at the Dubai World Trade <\/strong><strong>Centre<\/strong>, and will run until tomorrow. The property event will feature over 100 real estate developers from 45 countries, including the US, Spain, GCC countries, and Turkey. <\/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:\/\/buna.co\/arab-payment-week\" style=\"\" rel=\"noopener\">Arab Payments Week<\/a><\/strong><strong> wraps today <\/strong>at the Beach Rotana Hotel in Abu Dhabi. Organized by the Arab Monetary Fund and Arab regional payments system Buna, the event is gathering over 40 speakers in the field of payment systems to discuss the latest developments and innovative ideas to advance the sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/investopia.ae\/\" style=\"\" rel=\"noopener\">Investopia Summit<\/a><\/strong><strong> kicks off today in Abu Dhabi<\/strong>. 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>#7- 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 also happening today<\/strong>, running until Friday, 1 March at the Dubai World Trade Centre. 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>#8- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/visit.boatshowdubai.com\/\" style=\"\" rel=\"noopener\">Dubai International Boat Show<\/a><\/strong><strong> sets sail from the Dubai Harbor today, running until <\/strong><strong>next Sunday, 3 March. <\/strong>The event will showcase over 1k brands and over 200 boats from renowned shipyards like Azimut, Sunseeker Gulf, and Gulf Craft, and serves as a crucial sales and networking platform for both local manufacturers and global distributors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#9-<\/strong><strong>The Dubai Dutyfree Championship continues today with the men\u2019s singles.<\/strong> Yesterday saw top seed <strong>Daniil Medvedev<\/strong> dispatch Alexander Shevchenko 6-3, 7-5 to qualify for the next round. Center court also saw number 4 seed Karen Khachanov defeat frenchman Luca Van Assche2-6, 3-6.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Can\u2019t get enough tennis?<\/strong> The World Tennis Association tour\u2019s final is set for 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<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"uae\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s all Apple, all the time this morning in the international business press<\/strong> with a trifecta of stories casting Tim Cook and his crew into the spotlight. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Apple is ending its secretive, decade-long effort to build an electric car.<\/strong> The company made the announcement internally yesterday. <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-27\/apple-cancels-work-on-electric-car-shifts-team-to-generative-ai\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, which broke the news, says \u201cmany\u201d of the 2k staff working on the car will be transferred to its AI unit, where they\u2019ll work on generative AI projects. Technical challenges and signs that the market for EVs may be cooling factored into the decision, Bloomberg\u2019s Mark Gurman writes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story is getting ink everywhere:<\/strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/78bc9f62-8450-45c0-8c59-c5d87a122825\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/autos\/apple-car-project-canceled-ced2b626?mod=hp_lead_pos3\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/apple-cancels-work-ev-moves-staff-ai-project-bloomberg-reports-2024-02-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Sound smart:<\/strong> Gurman started breaking news about Apple as a teenage blogger at Apple news outlet <a target=\"_blank\" href=\"https:\/\/9to5mac.com\/author\/markgurman\/\" style=\"\" rel=\"noopener\">9to5Mac<\/a> and has remained a perennial thorn in Apple\u2019s side ever since.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The US Department of Justice may be on the verge of hitting Apple with an antitrust <\/strong><strong>suit<\/strong>, and California has separately told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-27\/apple-met-with-justice-department-in-final-bid-to-avoid-antitrust-suit\" style=\"\" rel=\"noopener\">Bloomberg<\/a> that it may be \u201cvery interested\u201d to join the case if it materializes. <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/apple-met-with-us-justice-department-bid-avoid-antitrust-lawsuit-bloomberg-2024-02-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> has also picked up the story while the Wall Street Journal has a former US attorney general asking in its opinion pages, <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/siri-does-apple-stifle-competition-ftc-app-store-software-interoperability-011c2097\" style=\"\" rel=\"noopener\">\u201cSiri, Does Apple Violate Antitrust Law?\u201d<\/a> (he thinks the answer is, \u201cYes.\u201d)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Big Apple shareholders Norges Bank Investment Management and Legal & General <\/strong><strong>want Apple to be more transparent about its guidelines for the ethical use of AI<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/387c446c-55e0-4f54-a4b4-80bf9d5bc2f3\" style=\"\" rel=\"noopener\">Financial Times<\/a> writes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Apple investors don\u2019t seem bothered by it all: <\/strong>The tech giant\u2019s shares closed up nearly 1% yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING THIS WEEK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong> Economy Minister Abdulla Bin Touq Al Marri will meet with the UK\u2019s Business and <\/strong><strong>Trade <\/strong><strong>Secretary Kemi Badenoch<\/strong> to discuss a trade agreementon the margins of her visit to attend the WTO ministerial conference, along with UK Trade Policy Secretary Greg Hands, the <a target=\"_blank\" href=\"https:\/\/www.telegraph.co.uk\/news\/2024\/02\/26\/kemi-badenoch-uae-trade-deal-telegraph-takeover\/\" style=\"\" rel=\"noopener\">Telegraph<\/a> reports. Badenoch and Hands\u2019 visit to the UAE \u2014 which comes as part of a wider Middle East tour \u2014 comes against the backdrop of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e911fc4f-36d5-45f5-b29d-395309f39dd0\" style=\"\" rel=\"noopener\">stalled<\/a> GBP 600 mn takeover of the Telegraph by RedBird IMI, which is backed by Abu Dhabi\u2019s International Media Investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.govgames.ae\/\" style=\"\" rel=\"noopener\">GovGames 2024<\/a><\/strong><strong> gets underway tomorrow and will run <\/strong>through Sunday 3 March. The event will feature physical challenges across various categories, with some 194 teams from around the world set to join.<\/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:\/\/dct.gov.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi\u2019s Department of Culture and Tourism<\/a><\/strong><strong>\u2019s Souq Al Wahat will host an African <\/strong><strong>parade on Saturday and Sunday, 2-3 March<\/strong>, reports the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/arts-culture\/souq-al-wahat-pop-up-market-to-take-place-in-al-ain\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. Souq Al Wahat will open its doors again the following weekend (until Sunday, 10 March) with its final weekend dedicated to American culture, hot dogs, and country dancing.<\/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.arada.com\/en\/feb-mar-2024-championships\/\" style=\"\" rel=\"noopener\">World Skate Tour<\/a><\/strong><strong> will kick off its Middle Eastern leg on Sunday, 3 March<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/February\/24-02\/World-Skate-Tour-extravaganza-officially-underway-in-Dubai\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The Middle East\u2019s debut pro skating event will return to Dubai Harbor next week, with over 500 skaters from 65 countries competing in back-to-back rounds until Sunday, 10 March, with finalists qualifying for the Summer Olympic Games. Tickets for the tour\u2019s two-week stop in Dubai can be purchased through Virgin Radio, for more information and the full schedule, check out the <a target=\"_blank\" href=\"https:\/\/www.arada.com\/en\/feb-mar-2024-championships\/\" style=\"\" rel=\"noopener\">Adara website<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An inaugural Cross-Border Digital Trade Forum will take place later this year <\/strong><strong>in<\/strong><strong> Dubai<\/strong>,according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/February\/27-02\/DCC-partners-with-Worldef-International\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The event is being organized by <strong><a target=\"_blank\" href=\"https:\/\/worldef.com\/\" style=\"\" rel=\"noopener\">Worldef<\/a><\/strong>and is sponsored by digital commerce freezone <strong><a target=\"_blank\" href=\"https:\/\/www.dubaicommercity.ae\/\" style=\"\" rel=\"noopener\">Dubai CommerCity<\/a><\/strong>. The two also agreed to set up a digital commerce academy. <\/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\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\/fujairah\/\">Fujairah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ras-al-khaimah\/\">Ras Al Khaimah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah\/\">Sharjah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/world-trade-organization\/\">World Trade Organization<\/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=\"89502\" 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=\"89502\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/dubais-parkin-to-ipo-next-month\/\">\r\n                            Dubai will sell 25% of parking space unit Parkin on the DFM in March                        <\/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\/28\/dubais-parkin-to-ipo-next-month\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The Dubai Investment Fund will be selling 749.7 mn shares, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2645.pdf\" style=\"\" rel=\"noopener\">prospectus (pdf)<\/a> published yesterday. The IPO will be the first of the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI:<\/strong><a target=\"_blank\" href=\"https:\/\/www.rta.ae\/\" style=\"\" rel=\"noopener\">Dubai\u2019s Road and Transport Authority (RTA)<\/a> established Parkin in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cb7f10c6-5980-4bce-967e-c5e41390f92c\" style=\"\" rel=\"noopener\">January<\/a>, just a few months after saying it would go public with its taxi and parking assets in 2023. The company designs and manages public and private parking spaces in the emirate, and issues parking permits.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bookbuilding process starts next Tuesday, 5 March<\/strong>,with the subscription period for retail investors concluding on 12 March. Institutional investors\u2019 subscription period will wrap on 13 March. 10% of the shares on offer will be allocated to retail investors, while 90% will go towards institutional investors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shares are expected to begin trading on 21 March<\/strong>, according to details on the IPO picked up by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-27\/dubai-government-to-offer-25-stake-in-public-parking-ipo?utm_source=website&amp;utm_medium=share&amp;utm_campaign=twitter\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors: <\/strong><a target=\"_blank\" href=\"https:\/\/www.rothschildandco.com\/\" style=\"\" rel=\"noopener\">Rothschild &amp; Co<\/a> \u2019s Middle East division was tapped as independent financial advisor. <a target=\"_blank\" href=\"https:\/\/www.emiratesnbd.com\/en\" style=\"\" rel=\"noopener\">Emirates NBD<\/a> is the lead receiving bank of the IPO, with several national banks, including the <a target=\"_blank\" href=\"https:\/\/www.cbd.ae\/\" style=\"\" rel=\"noopener\">Commercial Bank of Dubai<\/a>, <a target=\"_blank\" href=\"http:\/\/www.bankfab.com\/en-ae\/personal\" style=\"\" rel=\"noopener\">First Abu Dhabi Bank<\/a>, and our friends at <a target=\"_blank\" href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" style=\"\" rel=\"noopener\">Mashreq<\/a>, also acting as receiving banks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The RTA\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaitaxi.ae\/en\" style=\"\" rel=\"noopener\">Dubai Taxi<\/a><\/strong><strong> IPO<\/strong><strong>raised AED 1.2 bn on the back of heavy investor <\/strong><strong>appetite<\/strong> last <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/1671.pdf\" style=\"\" rel=\"noopener\">December<\/a>, with orders covering the transaction 130x. The IPO followed that of <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Salik, another RTA unit, which raised USD 1.2 bn from the sale of a 25% stake. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a wider privatization program:<\/strong>The government <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-02\/dubai-plans-to-list-10-state-firms-as-it-seeks-to-join-ipo-boom\" style=\"\" rel=\"noopener\">said<\/a> back in November 2021 that it would list 10 state-backed companies on the Dubai bourse in a bid to match competition from capital markets in Abu Dhabi and Riyadh. Five companies have debuted on the market so far, with state-owned <a target=\"_blank\" href=\"https:\/\/tecomgroup.ae\/press-release-july-1.html\" style=\"\" rel=\"noopener\">Tecom<\/a>, <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2022\/September\/29-09\/Salik-debuts-listing-and-trading-of-its-shares-on-the-Dubai-Financial-Market\" style=\"\" rel=\"noopener\">Salik<\/a> and <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2022\/November\/15-11\/Empower-debuts-listing-and-trading-of-its-shares-on-the-Dubai-Financial-Market#:~:text=Shares%20began%20trading%20under%20the,Company%20has%20increased%20the%20size\" style=\"\" rel=\"noopener\">Empower<\/a> collectively raising AED 8.1 bn in 2022. <a target=\"_blank\" href=\"https:\/\/www.dewa.gov.ae\/en\/\" style=\"\" rel=\"noopener\">Dubai Electricity and Water Authority<\/a> also raised AED 22.32 bn from its market debut in <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/dubais-dewa-set-price-its-ipo-top-range-sources-2022-04-06\/\" style=\"\" rel=\"noopener\">April 2022<\/a>, which set a record for largest IPO in the Gulf region since 2019. <\/p>\n<p class=\"tag-border-left\">EXPANSION PLANS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Parkin is looking to branch out and offer its services to private establishments<\/strong>, including shopping malls, airports and other high-traffic areas, according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/February\/27-02\/parkin-company-pjsc\" style=\"\" rel=\"noopener\">statement<\/a>. \u201cIt is feasible for the company to expand operations at shopping malls, given that Parkin is managing 91% of all [public and private] of Dubai\u2019s parking operations,\u201d Parkin CEO Mohammed Al Ali told <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/dubai-parkin-to-expand-operations-in-malls-airports-and-new-development-areas\" style=\"\" rel=\"noopener\">Khaleej Times<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Parkin\u2019s operations in private establishments could be free of charge,<\/strong> as the decision to charge for the service will be up to each development\u2019s management, Chairman Ahmed Hashem Bahrozyan told reporters, confirming that Parkin is \u201cplanning to expand to private developments and properties.\u201d The company has already signed seven contracts with private developers to run some 18k parking spaces. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/parkin\/\">Parkin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/roads-and-transport-authority\/\">Roads and Transport Authority<\/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=\"89504\" 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=\"89504\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/uzbekistans-agrobank-secures-usd-88-mn-syndicated-loan-from-mashreq\/\">\r\n                            State-owned Uzbekistan bank secures USD 88 mn syndicated loan from  Mashreq                        <\/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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    <\/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\/28\/uzbekistans-agrobank-secures-usd-88-mn-syndicated-loan-from-mashreq\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2673.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89505\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/uzbekistans-agrobank-secures-usd-88-mn-syndicated-loan-from-mashreq\/2673-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2673.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2673.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2673.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2673.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89504\" class=\"content-area-description single-story post-89504 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-agriculture tag-debt-watch tag-enterpriseam-uae tag-mashreq tag-uzbekistan 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\/.7a5f57af-7a29-46a8-86b1-b30ad2ac1ff3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mashreq arranges USD 88 mn syndicated loan for Uzbekistan\u2019s Agrobank:<\/strong>Our friends at <a target=\"_blank\" href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" style=\"\" rel=\"noopener\">Mashreq<\/a> have secured a one-year USD 88 mn syndicated loan for Uzbekistan\u2019s largest commercial lender <a target=\"_blank\" href=\"https:\/\/agrobank.uz\/en\/about\/bank\" style=\"\" rel=\"noopener\">Agrobank<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2654.pdf\" style=\"\" rel=\"noopener\">press<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2654.pdf\" style=\"\" rel=\"noopener\">release (pdf)<\/a>. Agrobank will use the funds for \u201cgeneral corporate purposes,\u201d the statement said. The bank did not disclose who subscribed to the transaction, but said it drew investors from the region, Europe and the Commonwealth of Independent States (CIS). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The transaction \u2014 which is the first for an Uzbekistan-owned bank in the MENA region \u2014 <\/strong><strong>was 0.75x oversubscribed<\/strong>, surpassing the initial USD 50 mn earmarked for the loan on the back of demand from investors in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cThe collaboration reinforces Mashreq\u2019s commitment to fostering growth in emerging markets and supporting small businesses operating in vital sectors, such as agriculture,\u201d Mashreq Group Head of Corporate and Investment Banking Joel Van Dusen said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors:<\/strong> Mashreq is the sole coordinator, initial lead arranger, bookrunner and facility agentfor the transaction.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/agriculture\/\">agriculture<\/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\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uzbekistan\/\">Uzbekistan<\/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=\"89506 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=\"89506\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/89506-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89506\" class=\"content-area-description single-story post-89506 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/801.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89507\" 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=\"89507\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/barclay-family-secures-a-gbp-40-mn-loan-from-imi\/\">\r\n                            Abu Dhabi\u2019s IMI to provide GBP 40 mn loan to the Barclay family\u2019s\u2019 Very Group                        <\/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\/28\/barclay-family-secures-a-gbp-40-mn-loan-from-imi\/\" target=\"_blank\">\n                    Open in new tab     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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/barclay-family-secures-a-gbp-40-mn-loan-from-imi\/2709-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2709.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2709.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2709.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2709.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89507\" class=\"content-area-description single-story post-89507 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-barclay-family tag-debt-watch tag-enterpriseam-uae 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\/.364265e4-c535-47ca-a9f9-78ea3c6d20e6.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Barclays bag fresh funding from IMI:<\/strong> Abu Dhabi investment firm <a target=\"_blank\" href=\"https:\/\/internationalmediainvestments.com\/\" style=\"\" rel=\"noopener\">International<\/a><a target=\"_blank\" href=\"https:\/\/internationalmediainvestments.com\/\" style=\"\" rel=\"noopener\">Media Investments<\/a> (IMI) has agreed to lend the Barclay family-owned digital retail firm The Very Group as part of a larger GBP 125 mn funding package provided by the investment firm and private equity group <a target=\"_blank\" href=\"https:\/\/www.carlyle.com\/\" style=\"\" rel=\"noopener\">Carlyle<\/a>, The Very Group said in a <a target=\"_blank\" href=\"https:\/\/www.theverygroup.com\/media\/news\/2024\/the-very-group-announces-long-term-strategic-partnership-with-carlyle-and-imi-and-a-robust-q2-performance\" style=\"\" rel=\"noopener\">press release<\/a>. Carlyle will provide GBP 85 mn of the total funding. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How is IMI chipping in? <\/strong>IMI agreed to extend the remaining GBP 40 mn of the funding facility to the Barclay family, representing the remainder of the loan, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/0fbe2d08-a62c-43d3-94e8-996409d21ed1\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports, citing a source familiar with the matter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The loan will give IMI a seat on Very\u2019s board: <\/strong>Under the funding agreement, IMI and Carlyle will each assume a chair on The Very Group\u2019s board, the retailer said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong>The Very Group is among the UK assets the Barclay family reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/59fd8189-c9c8-4b2e-be27-d38eee0f4ee7\" style=\"\" rel=\"noopener\">pledged as security<\/a> to the GBP 1.2 bn (AED 5.6 bn) loans provided by IMI-backed RedBird IMI last year. The Barclay family took out the loan to repay the GBP 1.2 bn (AED 5.6 bn) in debt it owes to Lloyds Bank in order to regain control over the Telegraph. 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>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 funding could help The Very Group out of its tight spot:<\/strong> While the company did not reveal what the funding package will be used for, the news came on the heels of Very Group posting GBP 3.2 mn in net loss for 1H 2023-24, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2708.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/barclay-family\/\">Barclay Family<\/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\/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=\"89509\" 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=\"89509\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/dubais-cotu-ventures-raises-usd-54-mn-to-fund-early-stage-startups\/\">\r\n                            Dubai\u2019s Cotu Ventures sets up USD 54 mn funding platform for early-stage startups                        <\/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\/28\/dubais-cotu-ventures-raises-usd-54-mn-to-fund-early-stage-startups\/\" 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\/28\/dubais-cotu-ventures-raises-usd-54-mn-to-fund-early-stage-startups\/')\">\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\/28\/dubais-cotu-ventures-raises-usd-54-mn-to-fund-early-stage-startups\/\">\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=Dubai\u2019s Cotu Ventures raises USD 54 mn to fund early-stage startups&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/dubais-cotu-ventures-raises-usd-54-mn-to-fund-early-stage-startups\/\">\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\/28\/dubais-cotu-ventures-raises-usd-54-mn-to-fund-early-stage-startups\/&title=Dubai\u2019s Cotu Ventures raises USD 54 mn to fund early-stage startups\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Dubai%E2%80%99s+Cotu+Ventures+raises+USD+54+mn+to+fund+early-stage+startups+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F28%2Fdubais-cotu-ventures-raises-usd-54-mn-to-fund-early-stage-startups%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\/28\/dubais-cotu-ventures-raises-usd-54-mn-to-fund-early-stage-startups\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1503.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89510\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/dubais-cotu-ventures-raises-usd-54-mn-to-fund-early-stage-startups\/1503-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1503.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1503.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1503.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1503.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89509\" class=\"content-area-description single-story post-89509 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam-uae tag-investment-watch tag-startups tag-venture-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.543ec2c1-461c-4e55-8e3a-04ff57a2fda4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Dubai-based venture capital fund <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cotu.vc\/\" style=\"\" rel=\"noopener\">Cotu Ventures<\/a><\/strong><strong> has launched its debut USD 54<\/strong><strong> mn funding platform focused on investing in early-stage startups<\/strong> in the Middle East and North Africa, according to a <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/cotu-ventures-launches-first-fund-with-54-million-302071929.html\" style=\"\" rel=\"noopener\">press release<\/a>. The platform will look at initial ticket sizes ranging between USD 500k and USD 1.5 mn for startups in their pre-seed and seed stages, without a focus on a particular sector, the press release said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where the money\u2019s coming from:<\/strong> The fund\u2019s limited partners include Lunate, Mubadala, Dubai Future District Fund, Arab Bank, and Bupa KSA. General partners include Foundry Group, Tribe Capital, Stride, and family offices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fund likes fintech and B2B software in particular<\/strong>, founder and general partner Amir Farha told <a target=\"_blank\" href=\"https:\/\/techcrunch.com\/2024\/02\/26\/cotu-ventures-launches-54m-fund-for-pre-seed-and-seed-startups-in-mena\/\" style=\"\" rel=\"noopener\">TechCrunch<\/a>, though he added that it is open to startups in various sectors. \u201cWe are also interested in high-margin industries where technology can play a massive role and capitalize on margin efficiencies,\u201d Farha said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Cotu has invested in over 20 startups since its launch in 2021, including mortgage platform <a target=\"_blank\" href=\"https:\/\/huspy.com\/\" style=\"\" rel=\"noopener\">Huspy<\/a>, restaurant technology provider <a target=\"_blank\" href=\"https:\/\/supy.io\/\" style=\"\" rel=\"noopener\">Supy<\/a>, and Saudi warehouse management solutions provider <a target=\"_blank\" href=\"https:\/\/www.google.com\/aclk?sa=l&ai=DChcSEwjctsGMw8yEAxUrLAYAHTexDD8YABAAGgJ3cw&ase=2&gclid=CjwKCAiArfauBhApEiwAeoB7qAEzwbUX9Iov6aRlk0P5IchqS4AuoFNZd5GsSNGNrGmdubhl0ifb_xoC0dYQAvD_BwE&sig=AOD64_3Cvyir1cgDYH70hdPTSSyYULgvGQ&q&nis=4&adurl&ved=2ahUKEwj74LiMw8yEAxWSQ_EDHdN-DjcQ0Qx6BAgFEAE\" style=\"\" rel=\"noopener\">Sirdab<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cotu + KSA\u2019s Sukna lead funding round for Egypt\u2019s MoneyHash:<\/strong> Egyptian fintech startup MoneyHash raised USD 4.5 mn in a seed round led by <a target=\"_blank\" href=\"https:\/\/www.cotu.vc\/\" style=\"\" rel=\"noopener\">Cotu<\/a> and Saudi\u2019s <a target=\"_blank\" href=\"https:\/\/suknaventures.com\/\" style=\"\" rel=\"noopener\">Sukna Ventures<\/a>, MoneyHash said in a <a target=\"_blank\" href=\"https:\/\/moneyhash.io\/blog\/moneyhash-seed-fundraising-announcement\" style=\"\" rel=\"noopener\">statement<\/a>. Saudi\u2019s <a target=\"_blank\" href=\"https:\/\/rzm.com.sa\/ar\/\" style=\"\" rel=\"noopener\">RZM Investment<\/a> and the UAE\u2019s <a target=\"_blank\" href=\"https:\/\/dfdf.vc\/\" style=\"\" rel=\"noopener\">Dubai Future District Fund<\/a> also participated in the funding round, alongside Greece\u2019s <a target=\"_blank\" href=\"https:\/\/venturefriends.vc\/\" style=\"\" rel=\"noopener\">VentureFriends<\/a> and other investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The game plan for the funds: <\/strong>MoneyHash plans to use the proceeds to invest in its technology and to expand its growth across the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MoneyHash? <\/strong>Founded by Egyptians Nader Abdelrazik and Mustafa Eid and American Anisha Sekar in 2020, the US-based company\u2019s unified platform allows companies to offer payment and fintech services at checkout as well as collect data and track analytics through a single dashboard. MoneyHash <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a9139b5-3ae1-4517-9274-94a5bc86d19b\" style=\"\" rel=\"noopener\">launched<\/a> its payments aggregator platform in February 2022, after it raised USD 3 mn in pre-seed funding.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OTHER INVESTMENT NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Hayi secures more funding: <\/strong>Social networking app <a target=\"_blank\" href=\"https:\/\/www.hayi.app\/\" style=\"\" rel=\"noopener\">Hayi<\/a> secured an undisclosed amount in a seed round led by early-stage venture capital firm <a target=\"_blank\" href=\"https:\/\/plus.vc\/\" style=\"\" rel=\"noopener\">Plus VC<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2024\/02\/social-app-hayi-raises-undisclosed-seed-round\" style=\"\" rel=\"noopener\">press release<\/a>. The company plans to direct the raised capital to scale up operations and marketing, as well as expand its footprint across the UAE and in other countries, said co-founder Chris Darnell.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Hayi: <\/strong>Founded in 2020 by Chris Darnell (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/chrisjamesdarnell\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Rene Morgan (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/rene-morgan-a382bab9\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), the app connects neighborhood residents to facilitate the exchange of community news and services. In 2021, Hayi raised USD 325k in a pre-seed funding round led by <a target=\"_blank\" href=\"https:\/\/sarya.ae\/\" style=\"\" rel=\"noopener\">Sarya Holdings<\/a> and <a target=\"_blank\" href=\"https:\/\/falakstartups.com\/\" style=\"\" rel=\"noopener\">Falak Startups<\/a>. It has since been selected for Google\u2019s #WeArePlay campaign.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/venture-capital\/\">VENTURE CAPITAL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89511\" 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=\"89511\">\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\">TRENDING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/sheikh-hamdan-wto-govt-games-and-ihc\/\">\r\n                            Sheikh Hamdan, WTO, gov\u2019t games and IHC made the rounds on UAE X                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/sheikh-hamdan-wto-govt-games-and-ihc\/\" 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\/28\/sheikh-hamdan-wto-govt-games-and-ihc\/')\">\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\/28\/sheikh-hamdan-wto-govt-games-and-ihc\/\">\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=Sheikh Hamdan, WTO, gov\u2019t games and IHC&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/sheikh-hamdan-wto-govt-games-and-ihc\/\">\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\/28\/sheikh-hamdan-wto-govt-games-and-ihc\/&title=Sheikh Hamdan, WTO, gov\u2019t games and IHC\">\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=Sheikh+Hamdan%2C+WTO%2C+gov%E2%80%99t+games+and+IHC+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F28%2Fsheikh-hamdan-wto-govt-games-and-ihc%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\/28\/sheikh-hamdan-wto-govt-games-and-ihc\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2706.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89512\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/sheikh-hamdan-wto-govt-games-and-ihc\/2706-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2706.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2706.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2706.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2706.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89511\" class=\"content-area-description single-story post-89511 post type-post status-publish format-standard has-post-thumbnail hentry category-trending tag-enterpriseam-uae tag-international-holding-company tag-trending tag-world-trade-organization 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\/.69fb05eb-a9f1-440d-8781-e8e04cca7b60.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It was a mixed bag yesterday on X<\/strong>, with everything from the World Trade Organization\u2019s ministerial conference (<a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%22%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%87%20%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D9%87%22&src=trend_click&vertical=trends\" style=\"\" rel=\"noopener\">#\u0627\u0644\u062a\u062c\u0627\u0631\u0647 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0647<\/a>) to Dubai Crown Prince Hamdan bin Mohammed Al Maktoum (<a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%22%D8%AD%D9%85%D8%AF%D8%A7%D9%86%20%D8%A8%D9%86%20%D9%85%D8%AD%D9%85%D8%AF%22&src=trend_click&f=live&vertical=trends\" style=\"\" rel=\"noopener\">#\u062d\u0645\u062f\u0627\u0646 \u0628\u0646 \u0645\u062d\u0645\u062f<\/a>) \u2014 who attended a lecture by American writer Roy Casagranda \u2014 getting some attention. We also picked up <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/%D8%A7%D9%84%D8%A5%D9%86%D8%B2%D8%A7%D9%84_%D8%A7%D9%84%D8%AC%D9%88%D9%8A?src=hashtag_click\" style=\"\" rel=\"noopener\">#\u0627\u0644\u0625\u0646\u0632\u0627\u0644_\u0627\u0644\u062c\u0648\u064a<\/a> (Airdrop), which followed news of aid supply drops from Jordan and the UAE in Gaza.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The <strong>International Holding Company<\/strong> (<a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A9_%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9_%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9?src=hashtag_click\" style=\"\" rel=\"noopener\">#\u0627\u0644\u0634\u0631\u0643\u0629_\u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629_\u0627\u0644\u0642\u0627\u0628\u0636\u0629<\/a>) has also seen a fair share of attention after chairman, Tahnoun bin Zayed Al Nahyan, announced the appointment of an AI board observer, dubbed \u201c <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b1uxh90-advisor-aiden-insight-takes-observer-seat-board\" style=\"\" rel=\"noopener\">Aiden Insight<\/a>.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/international-holding-company\/\">International Holding Company<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/world-trade-organization\/\">World Trade Organization<\/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=\"89513\" 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 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\/43009.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20617.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89514\" 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=\"89514\">\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\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/israel-wants-gcc-countries-to-fund-gazas-reconstruction-after-war\/\">\r\n                            Israel wants GCC countries to fund Gaza\u2019s reconstruction after war                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/israel-wants-gcc-countries-to-fund-gazas-reconstruction-after-war\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n             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reconstruction after war&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/israel-wants-gcc-countries-to-fund-gazas-reconstruction-after-war\/\">\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\/28\/israel-wants-gcc-countries-to-fund-gazas-reconstruction-after-war\/&title=Israel wants GCC countries to fund Gaza\u2019s reconstruction after war\">\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=Israel+wants+GCC+countries+to+fund+Gaza%E2%80%99s+reconstruction+after+war+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F28%2Fisrael-wants-gcc-countries-to-fund-gazas-reconstruction-after-war%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\/28\/israel-wants-gcc-countries-to-fund-gazas-reconstruction-after-war\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2683.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89515\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/israel-wants-gcc-countries-to-fund-gazas-reconstruction-after-war\/2683-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2683.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2683.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2683.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2683.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89514\" class=\"content-area-description single-story post-89514 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-enterpriseam-uae tag-gaza tag-israel-palestine-conflict tag-uae-in-the-news 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\/.8c6c0f13-6fdf-492a-9610-e3eda05ecdf6.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel will look to \u201ctap\u201d the UAE and other regional neighbors to rebuild Gaza after the <\/strong><strong>end of its war in Gaza<\/strong>,Israel\u2019s Economy and Industry Minister Nir Barkat told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-27\/israel-is-counting-on-middle-east-neighbors-to-help-rebuild-gaza\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Barkat said it is likely that Israel will ask the UAE to fund reconstruction efforts in the war-torn strip at the end of the conflict, while Bloomberg notes that Gulf leaders have previously said financing efforts would rely on a two-state solution.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Executive chairman of Dubai-based Wamda Capital, Fadi Ghandour, gives his view on the Qatari Investment Authority\u2019s USD 1 bn investment into venture capital funds<\/strong> in the region in an <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/video\/2024\/02\/27\/sovereign-wealth-funds-will-be-market-makers-uae-vc-firm-says.html?&qsearchterm=\" style=\"\" rel=\"noopener\">interview with CNBC<\/a>, stating that sovereign wealth funds are \u201cgoing to be the market makers\u201d.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gaza\/\">Gaza<\/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-in-the-news\/\">UAE IN THE NEWS<\/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=\"89516\" 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=\"89516\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/new-sharjah-decree-regulates-water-sports-in-the-emirate-7x-spins-out-logistics-subsidiary\/\">\r\n                            New Sharjah decree regulates water sports in the emirate + 7X spins out logistics subsidiary                        <\/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\/28\/new-sharjah-decree-regulates-water-sports-in-the-emirate-7x-spins-out-logistics-subsidiary\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The law hands the Sharjah International Marine Sports Club the authority to hand out permits and licenses to water sports facilities, as well as license plates for marine boats and jet skis, and sets out penalties for those in violation of the requirements.<\/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>#1- 7X spins out delivery services subsidiary:<\/strong> State-owned 7X, formerly known as Emirates Post Group, launched a logistics subsidiary dubbed EMX that will focus on delivery and courier solutions, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/7x-introduces-emx-transforms-logistics-solutions-for-uae-and-beyond-sjtowv6w\" style=\"\" rel=\"noopener\">press release<\/a>. The company will work with other 7X subsidiaries to bridge the gap between its B2B and B2C operations. Tariq Al Wahedi (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/talwahedi\/ar\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) will become general manager of the company. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Etihad Cargo + WFS sign strategic partnership:<\/strong> Emirati freight airline Etihad Cargo has signed a three-year partnership contract with cargo handling organization Worldwide Flight Services (WFS), a SATS Group member, for cargo handling services at more than 12 major international airports, according to a <a target=\"_blank\" href=\"https:\/\/www.etihadcargo.com\/en\/news\/etihad-cargo-signs-threeyear-strategic-partnership-with-wfs-covering-12-prime-air-cargo-airports-globally\" style=\"\" rel=\"noopener\">press release<\/a>. Under the partnership contract, WFS will handle over 150k tonnes of cargo annually for the airline. The value of the contract was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> ENERGY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Petrozo Energy to set up AED 120 mn plant in Sharjah:<\/strong> Singaporean oil and gas manufacturer <a target=\"_blank\" href=\"https:\/\/www.petrozoenergy.com\/\" style=\"\" rel=\"noopener\">Petrozo Energy<\/a> is planning to invest AED 120 mn to build a 430 sq-ft plant in Sharjah\u2019s <a target=\"_blank\" href=\"https:\/\/hfza.ae\/\" style=\"\" rel=\"noopener\">Hamriya Freezone<\/a>, the Hamriyah Freezone Authority <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/hamriyahfreezoneauthority_hfza-sharjah-uae-activity-7168146452567711744-RePf?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">said<\/a>. The new plant is expected to operate with an estimated annual production capacity of 72k tons, expanding Petrozo\u2019s market share to 15%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Masdar subsidiary kicks off construction on battery storage systems in the UK: <\/strong>Masdar Arlington Energy \u2014 a subsidiary of renewables energy giant Masdar it <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2022\/10\/26\/gcc-renewables-shopping-spree-continues-as-masdar-buys-uks-arlington-energy-85060\/\" style=\"\" rel=\"noopener\">acquired<\/a> in 2022 \u2014 has broken ground on two battery energy storage systems in the UK as part of a GBP 1 bn investment program, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-arlington-energy-breaks-ground-on-two-uk-sites\" style=\"\" rel=\"noopener\">statement<\/a>. The plants will have a joint capacity of 55 MW, and will be able to power 25.7k households across the country. The plants are being established across previously industrialized sites as the company looks to focus on land in need of redevelopment and regeneration, the statement notes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More to come: <\/strong>The facilities are part of Arlington\u2019s 3 GWh pipeline of storage projects in the UK. Parent company Masdar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b42005b9-7043-45ef-9437-516649d80aa4\" style=\"\" rel=\"noopener\">plans to deploy<\/a> up to 5 GW in wind energy capacity and battery storage volume by 2030 through Arlington. <\/p>\n<p class=\"tag-border-left\">TELECOMS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.cisco.com\/c\/en_eg\/index.html\" style=\"\" rel=\"noopener\">Cisco<\/a><\/strong><strong> and du agreed to develop du\u2019s Security Operations Center<\/strong><strong>into a <\/strong><strong>Cyber Defense and Intelligence Center <\/strong>in a bid to boost the telco\u2019s digital and cybersecurity infrastructure, according to a <a target=\"_blank\" href=\"https:\/\/newsroom.cisco.com\/c\/r\/newsroom\/en\/us\/a\/y2024\/m02\/cisco-collaborates-with-du-telecom-in-a-landmark-cybersecurity-transformation.html\" 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\"> TECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Eros Group will be the official distributor of Nothing devices:<\/strong> London-based electronics manufacturer <a target=\"_blank\" href=\"https:\/\/intl.nothing.tech\/\" style=\"\" rel=\"noopener\">Nothing<\/a> has partnered with Dubai-based distributor <a target=\"_blank\" href=\"https:\/\/www.erosgroup.ae\/\" style=\"\" rel=\"noopener\">Eros Group<\/a> to bring Nothing\u2019s electronic devices to consumers in the UAE and Bahrain, a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/nothing-eros-group-ucxcp83i\" style=\"\" rel=\"noopener\">press release<\/a> reads. <\/p>\n<p class=\"tag-border-left\"> REAL ESTATE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Real estate development company Deyaar has launched its USD 750 mn <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.deyaar.ae\/en\/properties\/eleve-by-deyaar\/\" style=\"\" rel=\"noopener\">Eleve<\/a><\/strong><strong>residential project in Downtown Jebel Ali<\/strong>, Dubai, a <a target=\"_blank\" href=\"https:\/\/www.deyaar.ae\/en\/media_center\/deyaar-launches-eleve-its-new-project-in-downtown-jebel-ali\/\" style=\"\" rel=\"noopener\">press release<\/a> reads. The project is slated for completion in 2Q 2027 and will see a total of 33 storeys housing residential units, from studios to three-bedroom apartments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sam Force to build two centers in Kezad:<\/strong> AD Ports Group subsidiary Khalifa Economic Zones Abu Dhabi (Kezad) and Abu-Dhabi based real-estate developer and operator Sam Force Trading have inked two land lease agreements to build retail centers in Kezad, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2024\/02\/27\/kezad-group-and-sam-force-sign-agreements-for-community-retail-centres-development\" style=\"\" rel=\"noopener\">statement<\/a>. Sam Force will construct and operate two community retail centers in Kezad to cater to businesses and residents. The centers, situated in Kezad Al Mamourah and Musaffah, will comprise commercial and retail services and business centers, among other amenities, the statement notes. <\/p>\n<p class=\"tag-border-left\"> TRANSPORT- <\/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.dubaitaxi.ae\/en\" style=\"\" rel=\"noopener\">Dubai Taxi<\/a><\/strong><strong> added 94 new license plates to its fleet, <\/strong>auctioned off by <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/\" style=\"\" rel=\"noopener\">Dubai\u2019s Roads<\/a><a target=\"_blank\" href=\"https:\/\/www.rta.ae\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.rta.ae\/\" style=\"\" rel=\"noopener\">and Transport Authority<\/a> in a bid to up its market share to 46% this year, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/www.dubaitaxi.ae\/en\/post\/dubai-taxis-market-share-up-to-46-with-the-total-number-of-taxis-rising-to-5-660\" style=\"\" rel=\"noopener\">statement<\/a>. The company has acquired 445 new taxis since the start of 2024, bringing its total portfolio count to nearly 6k vehicles, from 5.2k in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI:<\/strong> Dubai Taxi doubled its fleet at the Dubai International Airport at the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/41.pdf\" style=\"\" rel=\"noopener\">start of the month<\/a>, adding 350 new taxis.<\/p>\n<p class=\"tag-border-left\"> FMCG- <\/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.ferrerogcc.com\/\" style=\"\" rel=\"noopener\">Ferrero Gulf<\/a><\/strong><strong> inaugurated a new regional HQ in Downtown Dubai, <\/strong>and tapped Mauro De Felip (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/mauro-de-felip-a655a020\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) to oversee the unit as regional managing director, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/ferrero-gulf-unveils-new-regional-headquarters-in-downtown-dubai-iilsgs6m\" style=\"\" rel=\"noopener\">press release<\/a>. The branded chocolate producer houses additional offices in Kuwait and Jeddah.<\/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\">TRADE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cambodia inaugurated its first official private commercial center in Abu Dhabi, <\/strong>geared towards promoting Cambodian products and ramping up the country\u2019s exports to international markets, Cambodia\u2019s Commerce Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/moc.gov.kh\/posts\/pfbid05rCg4UnQadMFRNZiNHVhAsusKoEcDDnarheqG1c8r4yRkdRQVBUqsM3hxG4xFQpCl?__cft__[0]=AZW8xPdpr5B912xN6nPRjYUE7dVUmZY2K4L0d8ZrZzngYuQK8Pk2OabbZ1EsP7H48mWJCkrP4XU0L1e6lt3SxfRTZRzlPZR7ZBebgJjnVZFN7IuanMLLTcPFH5n3KP2MIs9tl0mx4OMrj-m92BBfLLiEjKy2tQ2vcUosT5jAriWi2ctW_XuCMCnQ8yOO0KSKhHQYQfwWdkq7RfQ1baXUyla8ZNNdMQ1Qz18iw8uuEgNHgw&__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">said<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-land-department\/\">Dubai Land Department<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-taxi\/\">Dubai Taxi<\/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\" 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class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/no-soft-landing\/\">\r\n                            Global economy may not be getting a soft landing -Goldman Sachs\u2019 Solomon                        <\/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\/28\/no-soft-landing\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n           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              \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\/28\/no-soft-landing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2744.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89519\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/no-soft-landing\/2744-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2744.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2744.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2744.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2744.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89518\" class=\"content-area-description single-story post-89518 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-goldman-sachs 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\/.f35b551d-f8dd-4bad-a1c4-f6dd373386de.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Goldman Sachs CEO David Solomon isn\u2019t so sure the global economy is <\/strong><strong>headed for a soft landing<\/strong>, saying that while \u201cthe world is set up for a soft landing\u201d there\u2019s a \u201chigher level uncertainty\u201d thanks to inflation and geopolitical risks. \u201cThe market is way weighted to a very soft landing. [But] when you look at the pattern of facts the last three or four years, it\u2019s hard for me to see it\u2019s going to be that simple,\u201d the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c0eca3e1-ac8c-477d-bc17-6df2c5ef0417\" style=\"\" rel=\"noopener\">Financial Times<\/a> quotes him as having said. <\/p>\n\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>Asian markets are mixed but were trending mostly lower in early trading this morning. <\/strong>Futures once again point to a soft open for stocks in New York, London, Frankfurt and Toronto later today.<\/p>\n<p><a target=\"_blank\" id=\"t.d71882e3fa3e857694e25473469114ae370c78cb\" 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<tbody>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,287<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: -3.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,272<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.2% (YTD: +5.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3,764<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.0% (YTD: -2.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.2% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.2% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,601<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +5.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">29,205<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: +17.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,078<\/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: +6.5%)<\/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>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\">7,683<\/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\">0.0% (YTD: -0.7%)<\/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>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\">4,886<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +8.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 83.28<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 1.62<\/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\">-2.7%<\/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>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 2,044.10<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 56,905.97<\/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\">+4.2% (YTD: +34.1%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.3% yesterday<\/strong> on turnover of AED 1.2 bn. The index is down 3.0% 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>ESG Emirates Stallions Group (+9.7%), Gulf Cement Co. (+5.5%) and Americana Restaurants International (+3.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Gulf Medical Projects Company (-10.0%), Response Plus Holding (-9.8%) and Sharjah Islamic Bank (-6.0%). <\/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 closed up 1.2% on turnover of AED 707.3 mn, while Nasdaq Dubai closed up 1.0%.<\/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>Drake & Scull eyes relisting on DFM:<\/strong> Construction company <a target=\"_blank\" href=\"https:\/\/www.drakescull.com\/\" style=\"\" rel=\"noopener\">Drake & Scull<\/a><a target=\"_blank\" href=\"https:\/\/www.drakescull.com\/\" style=\"\" rel=\"noopener\">International<\/a> is planning to issue a mandatory convertible sukuk, as well as conduct a capital increase, with an eye to resume trading on the DFM, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2694.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. The company plans to arrange a General Assembly \u201cas soon as possible\u201d to get the necessary approvals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The construction company was suspended from trading in November 2018 on the back of excessive financial losses and reporting violations. The company\u2019s proposed restructuring plan <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/property\/dubai-construction-firm-drake--scull-gets-12-months-to-complete-financial-turnaround-1.1698901343406\" style=\"\" rel=\"noopener\">got the green light<\/a> from Dubai\u2019s Court of Appeal last November, giving it 12 months to complete a financial turnaround.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Takaful Emarat to undergo capital restructuring: <\/strong>Ins. company <a target=\"_blank\" href=\"https:\/\/takafulemarat.com\/\" style=\"\" rel=\"noopener\">Takaful Emarat<\/a> is planning to issue 125 mn new shares, at a nominal value of AED 1 apiece, to raise the company\u2019s share capital to AED 150 mn, up from AED 25.6 mn, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2697.pdf\" style=\"\" rel=\"noopener\">DFM filing (pdf)<\/a>. Prior to the capital raise, the firm intends to reduce its capital by 88.3% by canceling some 125 mn shares to offset the AED 132 mn accumulated loss the company had incurred as of 31 December 2023. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/goldman-sachs\/\">Goldman Sachs<\/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=\"89520\" 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=\"89520\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/28\/uae-china-ink-mou-to-co-invest-in-digital-infrastructure\/\">\r\n                            UAE, China ink MoU to co-invest in digital infrastructure                        <\/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\/28\/uae-china-ink-mou-to-co-invest-in-digital-infrastructure\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The two ministers also discussed advancing economic cooperation, as well as cooperation on tourism, green energy, agriculture, infrastructure, industry, transport, and logistics. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FM + Blinken talk Gaza, Sudan conflicts:<\/strong> Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan discussed the ongoing war in Gaza and a two-state solution between Palestine and Israel with US Secretary of State Antony Blinken, according to a State Department <a target=\"_blank\" href=\"https:\/\/www.state.gov\/secretary-blinkens-call-with-united-arab-emirates-foreign-minister-sheikh-abdullah-bin-zayed-al-nahyan-2\/\" style=\"\" rel=\"noopener\">statement<\/a>. Blinken thanked the UAE for its ongoing humanitarian assistance efforts in Gaza, the statement says. The two leaders also discussed bringing the conflict in Sudan to an end. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> OTHER DIPLOMACY NEWS-<\/p>\n<ul>\n<li><strong>State Minister Ahmed Al Sayegh <\/strong><strong>also met with Japan\u2019s Foreign Affairs Minister Kiyoto Tsuji<\/strong> yesterday to discuss enhancing economic cooperation and trade between the countries. (<a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2024\/2\/27\/27-2-2024-uae-japan\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>The UAE signed an MoU with Pakistan on innovation, research, and development <\/strong><strong>in the agriculture industry<\/strong>, with a focus on date palm cultivation. (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b1viwdd-uae-pakistan-sign-mou-boost-agricultural\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<\/ul>\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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-china-relations\/\">UAE-China 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=\"89522\" 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\/28\/89522-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89522\" class=\"content-area-description single-story post-89522 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;\">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;\">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;\">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;\">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>26-28 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/buna.co\/arab-payment-week\" style=\"\">Arab Payments Week<\/a><\/span><span style=\"font-weight:400;\">, Beach Rotana Hotel, 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;\">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;\">28 February (Wednesday): UAE-Kazakhstan Business Council meeting, Expo City Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28 February-3 March (Wednesday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/visit.boatshowdubai.com\/TradeVisitor\/reg?_ga=2.262049933.1658854701.1707732367-13839342.1698753993&gad_source=1&gclid=Cj0KCQiA5-uuBhDzARIsAAa21T9lqWm6iW1_06WfZVbEP-AGz_WuxOjuqRc3K8v4z2_wfM1H-z6U89AaAmWOEALw_wcB\" style=\"\">Dubai International Boat Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai Harbor. <\/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 Family Office Summit<\/a><\/span><span style=\"font-weight:400;\">, 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>5-7 March (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldpolicesummit.com\/\" style=\"\">World Police Summit<\/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>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;\">24-25 April (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;\">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 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;\">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>18-26 May (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.livenation.me\/auh-comedy-week\" style=\"\">Abu Dhabi Comedy Week<\/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:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2-4 June (Sunday-Tuesday): The World Air Transport Summit and International Air Transport Association (IATA)\u2019s annual general meeting, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): The Hotel Show, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): INDEX, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): WORKSPACE, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): Leisure Show, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">15 June (Saturday): Arafat day, national holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">16-18 June (Sunday-Tuesday): Eid Al-Adha, national holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">7 July (Sunday): Islamic new year, national holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">9-11 September (Monday-Wednesday): World Utilities Congress, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28-30 September (Saturday-Monday): World Association of Nuclear Operators (WANO) Biennial General Meeting, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">30-1 November (Wednesday-Friday): World Cities Cultural Summit, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11-14 November (Monday-Thursday): ADIPEC, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11-14 November (Monday-Thursday): ADIPEC Maritime and Logistics Exhibition and Conference, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11-14 November (Monday-Thursday): ADIPEC Decarbonisation Accelerator, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2-3 December (Monday-Tuesday): National Day, public holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10-12 December (Tuesday-Thursday): Middle East Business Aviation, Dubai World Central.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Parkin to IPO next month | Mashreq lending Uzbekistan\u2019s Agrobank | Barclays lands GBP 40 mn loan from IMI | Water sport regulations | No soft landing?<\/p>\n","protected":false},"featured_media":89499,"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-89498","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"ddc973a3-61f9-4417-b379-044231c11556","teaser":"Parkin to IPO next month | Mashreq lending Uzbekistan\u2019s Agrobank | Barclays 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