{"id":89543,"date":"2024-02-29T00:00:00","date_gmt":"2024-02-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=89543"},"modified":"2025-12-14T23:38:04","modified_gmt":"2025-12-14T23:38:04","slug":"dubai-crypto-firm-hayvn-acquired-by-deus-x-capital","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/dubai-crypto-firm-hayvn-acquired-by-deus-x-capital\/","title":{"rendered":"Dubai crypto firm Hayvn acquired by Deus X Capital"},"content":{"rendered":"<section id=\"89545\" 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=\"89545\">\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\/29\/chances-of-heavy-rain-and-hail-its-the-last-day-of-the-wto-ministerial-conference\/\">\r\n                            THIS MORNING: Chances of heavy rain and hail + It\u2019s the last day of the WTO ministerial conference                        <\/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 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data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/120.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/120.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89545\" class=\"content-area-description single-story post-89545 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam-uae tag-fab tag-mubadala tag-parkin tag-what-were-tracking-today 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\/.d3bff6a7-b503-44ec-bdcb-14a5d58e704e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people.<\/strong> It\u2019s a reasonably brisk news day as we start our slide into the weekend, giving us a healthy dose of M&A, debt, and real estate news. <\/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>The UAE yesterday launched the Trade, Sustainability and Artificial Intelligence initiative<\/strong>, which is designed to use artificial intelligence to increase global trade\u2019s role in fighting climate change, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b1viws7-uae-launches-new-trade-sustain-ai-initiative\" style=\"\" rel=\"noopener\">Wam<\/a> reported. Unveiled at the World Trade Organization\u2019s Ministerial Conference in Abu Dhabi, the initiative aims to reduce shipping emissions as well as improve inventory management, freight movements, and supply chain traceability, and build climate resilient infrastructure. The initiative entails building a research network and an international coalition to propose regulations for using AI in trade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vision for trade landscape: <\/strong>The Economy Ministry launched a report entitled <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2828.pdf\" style=\"\" rel=\"noopener\">Trade 2050: A Private Sector Perspective (pdf)<\/a>, which presents insights from private sector players projecting how the industry will progress over the next 25 years, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1w4c51-ministry-economy-crescent-enterprises-launch\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The report looks to contribute to enhancing the global trade industry and define the challenges undermining achieving a \u201cfairer and fully future-proofed system.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> 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- There\u2019s a chance of heavy rain and hail today<\/strong> over the northern, eastern, and southern areas of the country, according to the <a target=\"_blank\" href=\"https:\/\/x.com\/ncmuae\/status\/1762451680367398929?s=20\" style=\"\" rel=\"noopener\">National Centre of Meteorology<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>You can swap bus routes without extra charge in Abu Dhabi:<\/strong> Abu Dhabi\u2019s Integrated Transport Center introduced a new fare system for suburban and city buses yesterday, allowing commuters to transfer between public transport services without extra boarding fees, it said on <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/ITCAbuDhabi\/videos\/as-part-of-itcs-efforts-to-improve-the-quality-of-life-in-the-emirate-we-introdu\/1446924346255568\/\" style=\"\" rel=\"noopener\">Facebook<\/a>. The waiver of additional boarding fees applies to a maximum of two transfers, each within an hour of the last tap-out, reports state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1viwp9-integrated-transport-centre-standardises-tariffs\" style=\"\" rel=\"noopener\">Wam<\/a>. Under the revised system, passengers are charged a single AED 2 fee for initial boarding, plus AED 0.05 for every km traveled. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The authority also expanded its bus network <\/strong>to include city and suburban areas in Abu Dhabi, Al Ain, and Al Dhafra, and introduced new fares for public transport passes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#3-<\/strong><strong>EV owners might soon have to pay for their public parking slots: <\/strong>Car parking space manager Parkin is looking to add green public parking spaces \u2014 which are complimentary for EVs for four-hour uses \u2014 to its portfolio of 197k public and private spaces, the company said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2645.pdf\" style=\"\" rel=\"noopener\">IPO prospectus<\/a>. The company, which plans <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/ddc973a3-61f9-4417-b379-044231c11556\/dubai%25e2%2580%2599s-parkin-will-become-the-uae%25e2%2580%2599s-first-ipo-of-the-year\" style=\"\" rel=\"noopener\">to offer a 25% stake<\/a> in an IPO on the DFM in March, is looking to monetize EV parking spaces with <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/\" style=\"\" rel=\"noopener\">Dubai\u2019s Roads and Transport Authority<\/a> and <a target=\"_blank\" href=\"https:\/\/www.dewa.gov.ae\/en\/\" style=\"\" rel=\"noopener\">Dubai Electricity & Water Authority<\/a>, Parkin adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fast fact:<\/strong> Nearly 26k EVs were registered in Dubai in 2023, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13qze3v-dewa%E2%80%99s-green-chargers-witnessed-59-surge-service\" style=\"\" rel=\"noopener\">Wam<\/a> previously reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/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-<\/strong><strong>The economy is expected to grow 5% in 2024<\/strong>, Economy Minister Abdullah bin Touq Al Marri told <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b1viws2-uae-economy-expected-grow-2024-minister\" style=\"\" rel=\"noopener\">Wam<\/a>. Over 73% of the country\u2019s economy is now non-oil, which Al Marri said \u201creflects the confidence of the private sector and investors around the world in the UAE\u2019s investment environment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>Dubai Holding to get Orient Express superyachts sailing? <\/strong>Dubai investment vehicle <a target=\"_blank\" href=\"https:\/\/dubaiholding.com\/en\/\" style=\"\" rel=\"noopener\">Dubai Holding<\/a> is reportedly in advanced talks with French hospitality group <a target=\"_blank\" href=\"https:\/\/all.accor.com\/usa\/index.en.shtml\" style=\"\" rel=\"noopener\">Accor<\/a> to help finance the development of the group\u2019s EUR 800 mn luxury Orient Express-branded cruises, which are set to debut in 2026 and 2027, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3982a19b-a736-4643-8217-3333fba2dc71\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports, citing people familiar with the matter. The transaction would give Dubai Holding a majority stake in Accor, allowing the group to transfer ownership of the superyachts to Dubai Holding. The final agreement could also include other assets under the Orient Express brand, according to the sources.<\/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- FAB looks to triple its China revenues: <\/strong><a target=\"_blank\" href=\"http:\/\/www.bankfab.com\/en-ae\/personal\" style=\"\" rel=\"noopener\">First Abu Dhabi Bank (FAB)<\/a> is targeting an annual revenue of AED 300 mn from its China business by 2026, setting priorities to \u201c[facilitate] more vital corridor trade and investment between the two regions,\u201d <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b1w4bz2-fab-aims-triple-china-business-2026-advancing\" style=\"\" rel=\"noopener\">Wam<\/a> cites FAB CEO Hana Al Rostamani as saying. The 2026 target is triple the bank\u2019s current revenues from China. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fast fact:<\/strong>FAB is the only Emirati bank with a licensed branch in mainland China. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Space tech, AI, and US investments on the horizon for Mubadala:<\/strong> Abu Dhabi\u2019s Mubadala is looking to scale up its investments in AI and space technology in 2024, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/abu-dhabi-sovereign-fund-invest-space-tech-ai-this-year-2024-02-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing the sovereign fund\u2019s managing director Khaldoon Mubarak. The sovereign fund is also planning to ramp up its investments in the US and \u201cdeepen strategic and forward-looking investment products in the UK, Europe, France,\u201d Mubarak said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala is set to expand its foothold in Asia<\/strong> by \u201cparticipating in [its] long-term, dynamic markets,\u201d Mubarak said, adding that the sovereign fund \u201cincreased [its] long-term allocations for Asia, including Japan, China, Korea and, of course, India,\u201d as it shifts its investment towards \u201cmega-trends and global demographics.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Expediting Middle East corridor amid Red Sea disruptions: <\/strong>India has taken initial steps with the UAE to develop the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/006b0021-b805-4530-8567-591e16bebdf8\" style=\"\" rel=\"noopener\">India-Middle East-Europe Economic Corridor<\/a> (IMEC), India\u2019s ambassador to the UAE Sunjay Sudhir told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-28\/india-says-red-sea-attacks-add-urgency-to-mideast-trade-route\" style=\"\" rel=\"noopener\">Bloomberg<\/a> on the sidelines of the WTO ministerial in Abu Dhabi. Establishing an alternative reliable trade link to the Red Sea has gained fresh importance amid ongoing trade disruptions in the waterway, as a significant portion of India's trade with Europe relies on the Red Sea, the ambassador said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher: <\/strong>The IMEC is a US-led project that will consist of an eastern corridor connecting India to the GCC, and a northern corridor linking GCC states with Europe. No details concerning the project\u2019s value have so far been revealed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> DATA POINT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Ajman Consumer Sentiment Index (CSI) rose by 131 points in 2023<\/strong>, surpassing the global average of 100 points, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13setv7-ajman-consumer-sentiment-index-rises-2023\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The CSI is an index that shows the optimism of consumers about the economic outlook in a given country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#1- The Fuel Price Committee will announce petrol and diesel prices for March today<\/strong>after convening to review global rates, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/energy\/uae-to-announce-petrol-diesel-prices-for-march-will-rates-go-up?_refresh=true\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. The committee hiked retail petrol prices in February, pricing Super 98 at AED 2.88 per liter and Special 95 at AED 2.76 per liter.<\/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> kicks off today 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\"><strong>#3-<\/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> wraps up today <\/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>#4- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ipscongress.com\/\" style=\"\" rel=\"noopener\">International Property Show<\/a><\/strong><strong> also concludes today at the Dubai World Trade <\/strong><strong>Center.<\/strong>The event garnered interest from 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:\/\/investopia.ae\/\" style=\"\" rel=\"noopener\">Investopia<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/investopia.ae\/\" style=\"\" rel=\"noopener\">Summit<\/a><\/strong><strong> is on its final day in Abu Dhabi.<\/strong> The two-day event ran 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>#6- 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 underway<\/strong>at the Dubai World Trade Center and wraps up tomorrow. <\/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:\/\/visit.boatshowdubai.com\/\" style=\"\" rel=\"noopener\">Dubai International Boat Show<\/a><\/strong><strong> is also underway at Dubai Harbor, 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>#8-<\/strong><strong>The Dubai Dutyfree Championship continues today with the men\u2019s singles.<\/strong>Yesterday saw number four seed Karen Khachanov defeat Czech Jiri Lehecka 6-2, 6-4, while former Wimbledon champion Andy Murray lost to Ugo Herbert 2-6, 4-6.<\/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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#9- The annual <\/strong><strong><a target=\"_blank\" href=\"https:\/\/maltcongress.com\/\" style=\"\" rel=\"noopener\">Meetings Arabia and Luxury Travel Congress<\/a><\/strong><strong> concludes today<\/strong> at the Grand Hyatt Abu Dhabi and Residence Emirates Pearl. Co-hosted by the Abu Dhabi Convention & Exhibition Bureau, the networking event gathers over 30 global suppliers and luxury travel agencies.<\/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 might be a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=HrlQBsd8LsE\" style=\"\" rel=\"noopener\">Leap Year<\/a><\/strong><strong>, but we feel stuck in a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/youtu.be\/u1FnYvk6KP0\" style=\"\" rel=\"noopener\">Hot Tub Time Machine<\/a><\/strong><strong>: Donald Trump owns <\/strong><strong>the front pages <\/strong>of the global business press this morning with two stories:<\/p>\n<ul>\n<li><strong>Trump needs to deposit USD 454 mn with a court \u2014 or risk seeing his assets <\/strong><strong>seized. <\/strong>A New York judge has <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-cannot-line-up-full-bond-new-york-fraud-case-offers-post-100-mln-2024-02-28\/\" style=\"\" rel=\"noopener\">refused to grant an injunction<\/a> that would have prevented the New York attorney-general from enforcing a USD 454 judgment against the former president. He could be forced to sell off assets to drum up the cash. <\/li>\n<li><strong>The US Supreme Court will hear arguments in April <\/strong>as it looks to decide whether Trump <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/02\/28\/us\/supreme-court-trump-immunity-trial.html\" style=\"\" rel=\"noopener\">can face criminal prosecution<\/a> on charges he tried to overturn the 2020 election results. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Completing the trifecta of US politics: Republican Senate party leader Mitch McConnell <\/strong><strong>will <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/policy\/mitch-mcconnell-to-step-down-as-senate-minority-leader-in-november-7e9ca478?mod=hp_lead_pos7\" style=\"\" rel=\"noopener\">step down<\/a><\/strong>from his leadership role in November. The 81-year-old is the longest-serving Senate party leader in history. <\/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- 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\">\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\/fab\/\">FAB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/parkin\/\">Parkin<\/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=\"89547\" 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=\"89547\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/deus-x-capital-acquires-dubai-crypto-firm-hayvn-american-pr-firm-ruder-finn-acquires-pr-agency-atteline\/\">\r\n                            Deus X Capital acquires Dubai crypto firm Hayvn + American PR firm Ruder Finn acquires PR agency Atteline                        <\/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 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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/deus-x-capital-acquires-dubai-crypto-firm-hayvn-american-pr-firm-ruder-finn-acquires-pr-agency-atteline\/1201-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1201.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1201.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1201.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1201.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89547\" class=\"content-area-description single-story post-89547 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-cryptocurrency tag-enterpriseam-uae tag-ma-watch tag-marketing tag-ruder-finn 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\/.8327aa79-b08e-422d-9a96-38c0953e8a55.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UK\u2019s Deus X Capital expands in the region via new acquisition:<\/strong> London-basedcrypto investment firm <a target=\"_blank\" href=\"http:\/\/www.deusx.capital\" style=\"\" rel=\"noopener\">Deus X Capital<\/a> acquired Abu Dhabi-based crypto processing payments company <a target=\"_blank\" href=\"https:\/\/hayvnglobal.com\/\" style=\"\" rel=\"noopener\">Hayvn<\/a> for an undisclosed sum, <a target=\"_blank\" href=\"https:\/\/cryptonews.com\/news\/crypto-investment-firm-deus-x-capital-to-acquire-hayvn.htm\" style=\"\" rel=\"noopener\">Cryptonews<\/a> reports, citing a company statement. The acquisition is expected to be completed before 28 March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The acquisition will see Deus X Capital taking over Hayvn\u2019s brand, technology, clients, and staff. The company will be headed by Richard Crook (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/rickcrook\/?originalSubdomain=uk\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), who was previously COO of digital assets payment firm BCB Group. Hayvn\u2019s former CEO, Chrisotpher Filnos, reportedly resigned unexpectedly in December, the outlet reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is not Deus X Capital\u2019s first foray into the region: <\/strong>The family office agreed with Australian private equity firm and blockchain provider <a target=\"_blank\" href=\"https:\/\/www.bridgetowercapital.com\/\" style=\"\" rel=\"noopener\">Bridgetower Capital<\/a> last month to set up a USD 250 mn digital asset infrastructure platform in Abu Dhabi Global Market dubbed Bridgetower Middle East. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Hayvn had plans to IPO:<\/strong> The crypto trading firm had plans to pursue a USD 150 mn IPO once it reaches a USD 1.5 bn valuation, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/europe\/abu-dhabi-crypto-firm-hayvn-talks-series-b-funding-eyes-ipo-2022-02-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported two years ago. Back then, the company was in talks with institutional investors to raise some USD 30 mn to reach a USD 400 mn valuation. Flinos had anticipated that the company would reach the required IPO-valuation within \u201c12 to 16 months.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN OTHER M&A NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US-based communications and creative agencies firm <\/strong><strong><a target=\"_blank\" href=\"http:\/\/www.ruderfinn.com\" style=\"\" rel=\"noopener\">Ruder Finn<\/a><\/strong><strong> has acquired <\/strong><strong>Dubai-based PR agency <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.atteline.com\/\" style=\"\" rel=\"noopener\">Atteline<\/a><\/strong>, making it Ruder Finn\u2019s regional headquarters, according to a <a target=\"_blank\" href=\"https:\/\/ruderfinn.com\/ruder-finn-acquires-uae-founded-agency-atteline-expanding-its-middle-east-and-global-footprint\/\" style=\"\" rel=\"noopener\">press release<\/a>. The acquisition will see Atteline\u2019s 30 communications experts brought over to Ruder Finn. The details, including the size and value of the acquisition, were undisclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Managing side-by-side:<\/strong> Atteline founder and Managing Director Sophie Simpson (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/sophiesimpsonpr\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) will work with Global CEO of Ruder Finn Kathy Bloomgarden (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/kathy-bloomgarden-ab22369\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and head of Ruder Finn\u2019s Middle East division Atul Sharma post-acquisition, the statement said, without clarifying what the new roles will look like.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The GCC is an attractive market:<\/strong> \u201cWe are committed to expanding our reach and our expertise globally and now is a great time to do so as the UAE, and the Gulf Cooperation Council (GCC) countries are continuing to forecast strong growth across all industries. The region is increasingly regarded as an exciting hub for companies around the world.\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\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/marketing\/\">marketing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ruder-finn\/\">Ruder Finn<\/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=\"89549\" 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=\"89549\">\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\/29\/sharjah-narrows-price-guidance-for-usd-750-mn-bond-issuance\/\">\r\n                            Sharjah narrows price guidance for USD 750 mn bond issuance                        <\/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\/29\/sharjah-narrows-price-guidance-for-usd-750-mn-bond-issuance\/\" 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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data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2819.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2819.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2819.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89549\" class=\"content-area-description single-story post-89549 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt tag-debt-watch tag-dubai-islamic-bank tag-enterpriseam-uae tag-green-bonds tag-sharjah tag-sukuk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.e0f7271a-9aa6-4836-bd9e-77370562deca.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Sharjah government is expected to raise USD 750 mn from its<\/strong><strong> USD-denominated benchmark sustainable bond issuance<\/strong> after narrowing the price guidance to around 195 basis points (bps) over US treasuries, <a target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/articles\/sharjah-government-$750-mln-sustainable-bond-spread-set-at-ust-195-bps\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a bank document. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Orders for the issuance topped USD 4 bn<\/strong>, prompting Sharjah to tighten the price guidance from an <a target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/articles\/sharjah-government-tightens-price-guidance-for-12-year-bond-sale-document-says\" style=\"\" rel=\"noopener\">initial spread of 235 bps<\/a> over US treasuries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Emirates NBD Capital and HSBC are joint 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 class=\"tag-border-left\"> IN OTHER DEBT NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DIB\u2019s USD sustainable sukuk 2.5x oversubscribed:<\/strong> Dubai Islamic Bank (DIB) launched its five-year USD 1 bn sustainable sukuk, receiving USD 2.5 bn worth of orders, the bank said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2760.pdf\" style=\"\" rel=\"noopener\">DFM filing (pdf)<\/a>. DIB achieved its lowest credit spread on the sustainable sukuk, positioning the lender among a select few in the Middle East below the threshold of 100 bps above US treasuries for senior issuances, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Dubai Islamic Bank began selling its sukuk <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3ac8b25d-11b8-4a3a-8ebb-23854026ebc9\" style=\"\" rel=\"noopener\">on Tuesday<\/a>. The bank tightened pricing to 95 bps over US treasuries after receiving strong demand from investors, down from an initial price guidance of 125 bps. The sukuk is part of its USD 7.5 bn trust certificate issuance program.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors: <\/strong>The emirate\u2019s largest Islamic bank appointed our friends at Mashreq, along with Al Rajhi Capital, Arab Banking Corporation (ABC), Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan, Abu Dhabi Islamic Bank, Sharjah Islamic Bank, and Standard Chartered as lead managers and joint bookrunners. DIB is also among the lead managers and joint bookrunners. Standard Chartered will independently manage sustainability standards.<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-islamic-bank\/\">Dubai Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/green-bonds\/\">green bonds<\/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\/sukuk\/\">Sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89551 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=\"89551\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/89551-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89551\" class=\"content-area-description single-story post-89551 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=\"89552\" 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=\"89552\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/dubai-property-sales-prices-were-up-18-y-o-y-in-2023\/\">\r\n                            Dubai property sales prices were up 18% y-o-y in 2023                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/dubai-property-sales-prices-were-up-18-y-o-y-in-2023\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Dubai\u2019s real estate market \u201csustained an upward trajectory\u201d compared to pre-pandemic levels, with transactions at record-high levels in 2023, the report said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI: <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c6435782-6320-496f-9931-c1e92f4edc2c\" style=\"\" rel=\"noopener\">Market analysis from Savills<\/a> noted that property transactions in Dubai stretched past the 100k mark for the first time at 118.2k units in 2023 (up 29% y-o-y). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sales prices for villas outpaced prices for apartments<\/strong>, the report noted, adding that properties in Palm Jumeirah apartments, Dubai South, and MBR City recorded the largest jumps in the past year. Meanwhile, DIFC, Jumeirah, and Dubailand Residences saw the highest increases in rental prices, at a range of 36-39% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The report expects prices to somewhat stabilize in 2024<\/strong> on the back of new developments, which rose 90% y-o-y in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c6435782-6320-496f-9931-c1e92f4edc2c\" style=\"\" rel=\"noopener\">2023<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Recovering <\/strong><strong>hospitality <\/strong><strong>market: <\/strong>Dubai recorded a 6% y-o-y increase in occupancy rates in 2023, driven by government initiatives to boost its tourism sector. The emirate\u2019s total number of visitors <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0df74e8c-26c2-4e16-a5e2-1d69121849ed\" style=\"\" rel=\"noopener\">surpassed pre-pandemic levels<\/a>, with 17.5 mn tourists visiting in 2023. Average occupancy rates also hovered at 77%, marking a 6% y-o-y increase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>office <\/strong><strong>market is also on the up and up: <\/strong>Office rents in Dubai surpassed pre-pandemic levels by 20% in 2023, growing 17% y-o-y, the report adds. Grade A office spaces in ICD Brookfield and DIFC recorded occupancy rates of up to 95% during the year, while Dubai\u2019s industry sector also recorded high occupancy levels. Savills\u2019 analysis had attributed growth to new market entries from the Americas, Russia, and India, and expansion of Dubai\u2019s non-oil sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deloitte predicts the sector will continue to grow as the government invests some AED <\/strong><strong>246.6 bn until 2026 in economic growth<\/strong> and development, with a focus on infrastructure \u2014 which will maintain hiring levels and office demand. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN OTHER DUBAI REAL ESTATE NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s luxury segment ranked second globally in terms of price increases in<\/strong><strong> 2023<\/strong>, recording a 15.9% y-o-y increase, Knight Frank says in its latest Wealth Report, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/research-and-studies\/knight-frank-dubai-shows-strong-luxury-price-growth-in-global-market-trends-for-2023-cqsa5gmh\" style=\"\" rel=\"noopener\">press release<\/a>. The emirate saw a record 431 units valued at over USD 10 mn handed off in 2023, owing to its ability to appeal to the international elite as \u201cone of the most affordable luxury markets in the world,\u201d the report adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The total number of prime homes available for sale dropped 38.5% y-o-y in 2023<\/strong>,indicating foreign buyers are switching over to longer-term residency mindsets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Prime residential values are projected to grow 5% in 2024<\/strong>, after having climbed 16% in 2023 and 44.4% in 2022. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/property\/\">property<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/residential-market\/\">residential market<\/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=\"89554\" 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=\"89554\">\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\">DISPUTE WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/antwerp-bruges-port-ordered-to-pay-eur-41-3-mn-in-damages-to-dp-world\/\">\r\n                            Antwerp-Bruges Port ordered to pay EUR 41.3 mn in damages to DP World                        <\/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\/29\/antwerp-bruges-port-ordered-to-pay-eur-41-3-mn-in-damages-to-dp-world\/\" 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\/29\/antwerp-bruges-port-ordered-to-pay-eur-41-3-mn-in-damages-to-dp-world\/')\">\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\/29\/antwerp-bruges-port-ordered-to-pay-eur-41-3-mn-in-damages-to-dp-world\/\">\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=Antwerp-Bruges Port ordered to pay EUR 41.3 mn in damages to DP World&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/antwerp-bruges-port-ordered-to-pay-eur-41-3-mn-in-damages-to-dp-world\/\">\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\/29\/antwerp-bruges-port-ordered-to-pay-eur-41-3-mn-in-damages-to-dp-world\/&title=Antwerp-Bruges Port ordered to pay EUR 41.3 mn in damages to DP World\">\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=Antwerp-Bruges+Port+ordered+to+pay+EUR+41.3+mn+in+damages+to+DP+World+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F29%2Fantwerp-bruges-port-ordered-to-pay-eur-41-3-mn-in-damages-to-dp-world%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\/29\/antwerp-bruges-port-ordered-to-pay-eur-41-3-mn-in-damages-to-dp-world\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2858.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89555\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/antwerp-bruges-port-ordered-to-pay-eur-41-3-mn-in-damages-to-dp-world\/2858-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2858.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2858.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2858.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2858.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89554\" class=\"content-area-description single-story post-89554 post type-post status-publish format-standard has-post-thumbnail hentry category-dispute-watch tag-dispute-watch tag-dp-world tag-enterpriseam-uae tag-ports 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\/.e30b1e98-10a3-476b-985a-392281066ef8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>DP World to be paid by Belgium following arbitration ruling:<\/strong> Belgium\u2019s <a target=\"_blank\" href=\"https:\/\/www.portofantwerpbruges.com\/en\" style=\"\" rel=\"noopener\">Antwerp-Bruges Port<\/a> has been ordered to pay UAE-based port operator DP World EUR 41.3 mn, in addition to costs and interest fees, in an arbitration ruling at the International Center for Settlement of Investment Disputes (ICSID), <a target=\"_blank\" href=\"https:\/\/splash247.com\/port-of-antwerp-bruges-to-pay-more-than-44m-in-dp-world-concession-dispute\/\" style=\"\" rel=\"noopener\">Splash 247<\/a> reports. The decision follows a seven-year port concessions dispute concerning Deurganck dock that was filed in June 2017, according to ICSID <a target=\"_blank\" href=\"https:\/\/icsid.worldbank.org\/cases\/case-database\/case-detail?CaseNo=ARB\/17\/21\" style=\"\" rel=\"noopener\">case details<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The matter in question? Repossessed land at the dock: <\/strong>The ruling concerns a conflict that arose in September 2005, when the port of Antwerp-Bruges\u2019 Deurganck dock was split between <a target=\"_blank\" href=\"https:\/\/www.psa-antwerp.be\/en\/terminals\/msc-psa-european-terminal-mpet\" style=\"\" rel=\"noopener\">MSC-PSA<\/a>, which opened up its terminal on the west side of the dock, and DP World, which was allocated the east side, Splash reports. Upon PSA moving all its container operations to the dock, DP World\u2019s volumes were lower than expected, and the port authority granted PSA 40 hectares of DP World\u2019s concession, a move which DP World challenged, the outlet writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICSID says that the move was justified but the compensation was unfair:<\/strong> The tribunal ruled in April 2021 that the port\u2019s decision to repossess the land was justified on four accounts, with the only outstanding issue being whether the compensation to DP World was appropriate, a matter now judged in DP World\u2019s favor. The ruling may see DP World receive as much as EUR 100 mn in payouts, Splash also said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There might be another way:<\/strong> It is possible that DP World and Antwerp-Bruges Port may find an alternative means by which to settle the damages, Splash wrote citing analysts at Alphaliner, who noted the port operator\u2019s reputation for flexibility.<\/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\/dispute-watch\/\">dispute watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ports\/\">Ports<\/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=\"89556\" 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=\"89556\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/dubai-based-crypto-startup-backpack-bags-usd-17-mn-in-funding-round\/\">\r\n                            Dubai-based crypto startup Backpack bags USD 17 mn in funding round                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/dubai-based-crypto-startup-backpack-bags-usd-17-mn-in-funding-round\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/dubai-based-crypto-startup-backpack-bags-usd-17-mn-in-funding-round\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/dubai-based-crypto-startup-backpack-bags-usd-17-mn-in-funding-round\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Dubai-based crypto startup Backpack bags USD 17 mn in funding round&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/dubai-based-crypto-startup-backpack-bags-usd-17-mn-in-funding-round\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/dubai-based-crypto-startup-backpack-bags-usd-17-mn-in-funding-round\/&title=Dubai-based crypto startup Backpack bags USD 17 mn in funding round\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Dubai-based+crypto+startup+Backpack+bags+USD+17+mn+in+funding+round+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F29%2Fdubai-based-crypto-startup-backpack-bags-usd-17-mn-in-funding-round%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/dubai-based-crypto-startup-backpack-bags-usd-17-mn-in-funding-round\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2839.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89557\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/dubai-based-crypto-startup-backpack-bags-usd-17-mn-in-funding-round\/2839-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2839.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2839.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2839.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2839.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89556\" class=\"content-area-description single-story post-89556 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-backpack tag-crypto tag-enterpriseam-uae tag-ftx tag-startup-watch 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\/.c1b7dc12-eddf-4d31-befa-141bc6d406ef.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Crypto exchange startup raises USD 17 mn:<\/strong> Dubai-based crypto exchange and wallet <a target=\"_blank\" href=\"https:\/\/backpack.app\/\" style=\"\" rel=\"noopener\">Backpack<\/a> closed a USD 17 mn series A funding round led by crypto venture firm <a target=\"_blank\" href=\"https:\/\/www.placeholder.vc\/\" style=\"\" rel=\"noopener\">Placeholder VC<\/a> that values the company at USD 120 mn, according to a <a target=\"_blank\" href=\"https:\/\/financewire.com\/2024\/02\/28\/backpack-raises-17-million-strategic-series-a-round-led-by-placeholder-vc\/\" style=\"\" rel=\"noopener\">press release<\/a>. Other participating investors include Hashed, Robot Ventures, Amber Group, Wintermute Ventures, and blockchain platforms such as Solana, Tensor, Jito, Zeta, and Marginfi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Backpack:<\/strong> Headquartered in Dubai with a <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/backpack-announces-launch-of-cryptocurrency-exchange-backpack-exchange-receives-approval-for-vasp-license-from-the-dubai-virtual-asset-regulatory-authority-301972208.html\" style=\"\" rel=\"noopener\">Virtual Asset Service Provider license<\/a>, Backpack\u2019s services and products include a crypto exchange, a crypto wallet, and an NFT collection called Mad Lads. It was founded by a group of former employees of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a31996ac-0dd6-4a92-b101-8917d9ec4f8d#:~:text=FTX%20founder%20Sam,mostly%20unregulated%20industry.\" style=\"\" rel=\"noopener\">disgraced crypto b\u2019naire Sam Bankman-Fried<\/a> \u2019s now-defunct crypto exchange, FTX, and Alameda Research. The crypto platform was launched in October 2023 in a bid to \u201cfill a gap left by the collapse of their former employer Sam Bankman-Fried\u2019s crypto empire,\u201d <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-28\/ftx-alameda-alum-raise-17-million-for-crypto-exchange-backpack\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cThe history of finance is littered with scandals, but Backpack is doing things differently. Over the past year, we\u2019ve set the foundation to build a crypto-native financial institution, and with the conclusion of this round, with trust minimization and compliance as foundational principles, we begin a new chapter for ourselves and, hopefully, for the rest of the industry,\u201d Backpack CEO Armani Ferrante said. <\/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\/backpack\/\">Backpack<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ftx\/\">FTX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89558\" 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=\"89558\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/a-couple-of-resignations\/\">\r\n                            Jumeirah CEO resigns one year into tenure                        <\/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\/29\/a-couple-of-resignations\/\" 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\/29\/a-couple-of-resignations\/')\">\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\/29\/a-couple-of-resignations\/\">\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=A couple of resignations&url=https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/a-couple-of-resignations\/\">\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\/29\/a-couple-of-resignations\/&title=A couple of resignations\">\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=A+couple+of+resignations+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F02%2F29%2Fa-couple-of-resignations%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\/29\/a-couple-of-resignations\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2758.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89559\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/a-couple-of-resignations\/2758-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2758.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2758.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2758.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2758.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89558\" class=\"content-area-description single-story post-89558 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-uae tag-hospitality tag-jumeirah-group tag-moves tag-umm-al-quwain 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\/.424ed8c5-e158-4c9f-ae78-9f81ec555ddd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jumeirah Group CEO Katerina Giannouka<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/katerinaqod?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) has <strong>stepped down <\/strong>after 15 months in the position, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/business\/hospitality\/jumeirah-groups-ceo-katerina-giannouka-steps-down-after-15-months-nysj09ue\" style=\"\" rel=\"noopener\">Zawya<\/a> reports, citing a company statement. Giannouka, who joined the hotel chain in December 2022, is leaving her position to attend to family matters, the statement says. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Umm Al Qaiwain Ruler Sheikh Saud bin Rashid Al Mu'alla has appointed Sheikh <strong>Mansour Ibrahim Ahmed Hamad Al Mu'alla<\/strong> as the <strong>executive director<\/strong> of Umm Al Qaiwain\u2019s <strong><a target=\"_blank\" href=\"https:\/\/uaqport.uaq.ae\/en\/home.html\" style=\"\" rel=\"noopener\">Ports, Customs, and Freezone Corporation<\/a><\/strong>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13sajn4-uaq-ruler-appoints-executive-director-ports\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13sajn4-uaq-ruler-appoints-executive-director-ports\" style=\"\" rel=\"noopener\">Wam<\/a> reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shuaa\u2019s head of Private Markets Ajit Joshi (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/joshiajit\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) is stepping down<\/strong> from his position due to personal reasons, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2796.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (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\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/jumeirah-group\/\">Jumeirah Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/umm-al-quwain\/\">Umm Al Quwain<\/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=\"89560\" 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=\"89560\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">TRENDING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/all-fun-and-games\/\">\r\n                            All fun and games 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\/29\/all-fun-and-games\/\" 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\/29\/all-fun-and-games\/')\">\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\/29\/all-fun-and-games\/\">\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=All fun and 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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\/29\/all-fun-and-games\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2691.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89561\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/all-fun-and-games\/2691-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2691.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2691.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2691.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2691.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89560\" class=\"content-area-description single-story post-89560 post type-post status-publish format-standard has-post-thumbnail hentry category-trending tag-enterpriseam-uae tag-mohammed-bin-rashid-al-maktoum tag-sharjah tag-trending wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.8300f906-eb1e-4d10-b97c-3b983f0cfd17.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>X is celebrating Sharjah Heritage Days<\/strong>, with the hashtag <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%22%D8%A7%D9%84%D8%B4%D8%A7%D8%B1%D9%82%D9%87%20%D8%A7%D9%84%D8%AA%D8%B1%D8%A7%D8%AB%D9%8A%D9%87%22&src=trend_click&f=live&vertical=trends\" style=\"\" rel=\"noopener\">#\u0627\u0644\u0634\u0627\u0631\u0642\u0647 \u0627\u0644\u062a\u0631\u0627\u062b\u064a\u0647<\/a> getting a lot of traction amid the celebrations in Dibba Al Hisn, which included environmental projects, art installations, <a target=\"_blank\" href=\"https:\/\/twitter.com\/khalifalasi\/status\/1762843281522610446\" style=\"\" rel=\"noopener\">craft shows<\/a>, and <a target=\"_blank\" href=\"https:\/\/twitter.com\/EPAA_SHJ\/status\/1762880464107245901\" style=\"\" rel=\"noopener\">educational workshops<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Crown Prince Hamdan bin Mohammed Al Maktoum at the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/DubaiSC\/status\/1762897699882308058\" style=\"\" rel=\"noopener\">Dubai Jet Suit Championship<\/a><\/strong>also got some attention.<\/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\/mohammed-bin-rashid-al-maktoum\/\">Mohammed bin Rashid Al Maktoum<\/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\/trending\/\">TRENDING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89562\" 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=\"89563\" 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=\"89563\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/apollo-ceo-uae-and-singapore-better-for-investors-than-us\/\">\r\n                            Apollo CEO: UAE and Singapore better for investors than US                        <\/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\/29\/apollo-ceo-uae-and-singapore-better-for-investors-than-us\/\" 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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style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a quiet morning for UAE in the international press<\/strong>, giving us just a handful of reads to keep things interesting.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where the best investors + wildlife lie:<\/strong>The best investors are now in the UAE and Singapore, not the US, where a lot of institutional investors have become too reliant on benchmark asset classes, Apollo Global Management CEO Marc Rowan told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-27\/apollo-s-rowan-says-the-best-investors-aren-t-in-the-us-anymore\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Meanwhile, Dubai-based photographer Anish Karingattil\u2019s focus on the UAE\u2019s wildlife through his macro photography also got some ink in <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/travel\/dubai-photographer-reveals-uae-wildlife-spc-intl\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also making headlines: <\/strong><\/p>\n<ul>\n<li><strong>If Tony Stark lived in Dubai: <\/strong>Dubai hosted its first jet suit race, with pilots zooming along a route in the sky, coming \u201cthe closest I think anybody\u2019s ever got to delivering [the superhero dream] for real,\u201d according to Richard Browning, founder of race organizers Gravity Industries. (<a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/dubai-jet-suit-race-uae-gravity-industries-b08cced1c6d2cc36cc1da169f2df6b56\" style=\"\" rel=\"noopener\">AP<\/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\/sustainability\/\">sustainability<\/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=\"89565\" 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=\"89565\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/asset-manager-offset8-capital-invests-in-indonesian-carbon-removal-project-mubadala-eyes-south-korea\/\">\r\n                            Asset manager Offset8 Capital invests in Indonesian carbon removal project + Mubadala eyes South Korea                        <\/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 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89566\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/asset-manager-offset8-capital-invests-in-indonesian-carbon-removal-project-mubadala-eyes-south-korea\/887-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"887.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89565\" class=\"content-area-description single-story post-89565 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-aldar-properties tag-also-on-our-radar tag-business tag-du tag-dubai-chambers tag-enterpriseam-uae tag-investment tag-logistics tag-media tag-mubadala tag-offset8-capital tag-tech tag-telecoms tag-terminus-group tag-wam 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\/.9fa94011-be46-48dc-aafe-295cbdd3f3da.mp3\"><\/audio><\/figure><p class=\"tag-border-left\"> INVESTMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1-<\/strong><strong>UAE\u2019s<\/strong><strong>Offset8 completes first investment in Sawa\u2019s biochar carbon credit project <\/strong><strong>in Indonesia: <\/strong>Abu Dhabi-based asset manager <a target=\"_blank\" href=\"https:\/\/offset8capital.com\/\" style=\"\" rel=\"noopener\">Offset8<\/a><a target=\"_blank\" href=\"https:\/\/offset8capital.com\/\" style=\"\" rel=\"noopener\">Capital<\/a> \u2014 which specializes in nature-based carbon removal projects \u2014 has signed its first agreement to finance Singapore-based <a target=\"_blank\" href=\"https:\/\/puro.earth\/accelerate\/sawa-ecosolutions-100258\" style=\"\" rel=\"noopener\">SawaEcoSolutions<\/a> \u2019 biochar carbon credit generation project in Indonesia, according to a <a target=\"_blank\" href=\"https:\/\/offset8capital.com\/tpost\/41e8caxd01-offset8-announces-the-first-transaction\" style=\"\" rel=\"noopener\">company statement<\/a>. The biochar project is expected to generate about USD 50 mn in carbon credits over its 10-year lifecycle. Offset8 facilitated an early investment in the project and will continue to extend its expertise to the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Um, Enterprise, what\u2019s biochar? <\/strong>Biochar \u2014 charcoal <a target=\"_blank\" href=\"https:\/\/regenerationinternational.org\/2018\/05\/16\/what-is-biochar\/\" style=\"\" rel=\"noopener\">produced<\/a> from burning agri and forestry waste \u2014 can improve soil health, while <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/716a8434-6d64-4cb6-a21d-3ad54f6107d4\" style=\"\" rel=\"noopener\">storing carbon<\/a> and pushing down carbon emissions, rendering it viable for carbon offset sales. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Adnoc named top national investor in low-carbon solutions: <\/strong>Adnoc ranked first on the list of national oil company investors in low-carbon solutions and was named fifth largest globally in 2023, according to <a target=\"_blank\" href=\"https:\/\/www.energyintel.com\/\" style=\"\" rel=\"noopener\">Energy Intelligence<\/a> \u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2814.pdf\" style=\"\" rel=\"noopener\">Low-Carbon Investment Tracker report (pdf)<\/a>, which reviews the low-carbon investments of 34 national and international oil companies made over the year. The report noted Adnoc\u2019s growing investments in low-carbon projects in 2023, which amounted to over 50 projects with an estimated value of some USD 5.5 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Mubadala eyes South Korean market:<\/strong> Sovereign wealth fund Mubadala asset management subsidiary <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/\" style=\"\" rel=\"noopener\">Mubadala Capital<\/a> and South Korean financial group <a target=\"_blank\" href=\"http:\/\/woorivp.com\/home\/en\/main\/main.do\" style=\"\" rel=\"noopener\">Woori Venture Partners<\/a> are set to explore investments in \u201ckey markets around the world,\u201d state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b1w4bqg-mubadala-capital-woori-venture-partners\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing Mubadala Capital\u2019s CEO and Managing Director Hani Barhoush. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI: <\/strong>Mubadala agreed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/42cb5948-afc5-4bb0-b1cf-4b5305d243ac\/Mubadala-%F0%9F%92%97-private-credit\" style=\"\" rel=\"noopener\">earlier this week<\/a> with Goldman Sachs to co-invest USD 1 bn in private credit in the Asia-Pacific region.<\/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>Aldar expands logistics footprint in Dubai:<\/strong> Abu Dhabi-based real estate developer <a target=\"_blank\" href=\"https:\/\/www.aldar.com\/samayas\/\" style=\"\" rel=\"noopener\">Aldar<\/a><a target=\"_blank\" href=\"https:\/\/www.aldar.com\/samayas\/\" style=\"\" rel=\"noopener\">Properties<\/a> will develop logistics facilities in <a target=\"_blank\" href=\"https:\/\/dubaisouth.ae\/en\" style=\"\" rel=\"noopener\">Dubai South<\/a> under a new JV agreement, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2637.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The JV will also develop build-to-lease and build-to-suit facilities for tenants including third-party logistics (3PL), ecommerce, and retail, the disclosure notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The financing details:<\/strong> An exact investment ticket for the projects have not been disclosed, but funds for developing the project will be disbursed from a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9df3e049-bfc0-492c-9b05-4641bd2f67bc\" style=\"\" rel=\"noopener\">previously lined up<\/a> AED 1 bn investment earmarked for Aldar\u2019s logistics expansions Abu Dhabi and Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TELECOMS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- e& and Dell Technologies have signed an MoU to advance 5G innovation through <\/strong><strong>Dell\u2019s Open Telecom Ecosystem Lab (OTEL)<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/e-and-and-dell-technologies-sign-mou-h7i9y6sj\" style=\"\" rel=\"noopener\">press release<\/a>. The MoU allows e& to use OTEL to enhance its mobile networks transformation to open technologies, the infrastructure that enables 5G networks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- du taps Ericsson solution for better connectivity: <\/strong>Emirates Integrated Telecommunications Company (<a target=\"_blank\" href=\"https:\/\/www.du.ae\/personal\" style=\"\" rel=\"noopener\">du<\/a>) plans to use Swedish telecom company <a target=\"_blank\" href=\"https:\/\/www.ericsson.com\/en\" style=\"\" rel=\"noopener\">Ericsson<\/a> \u2019s Private 5G Networks solution to boost connectivity across government and enterprise sectors, Ericsson said in a <a target=\"_blank\" href=\"https:\/\/www.ericsson.com\/en\/press-releases\/5\/2024\/ericsson-and-du-forge-strategic-private-networks-partnership-to-accelerate-government-and-enterprises-digital-transformation-in-uae\" style=\"\" rel=\"noopener\">statement<\/a>. The network will offer UAE-based enterprises access to advanced private 4G and 5G networks, keeping data secure on site.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not du\u2019s first time sourcing Ericsson: <\/strong>The telecom players inked agreements in <a target=\"_blank\" href=\"https:\/\/www.ericsson.com\/en\/press-releases\/5\/2023\/ericsson-and-du-offer-ericsson-connected-recycling-platform-in-uae\" style=\"\" rel=\"noopener\">October<\/a> and <a target=\"_blank\" href=\"https:\/\/www.ericsson.com\/en\/press-releases\/5\/2023\/ericsson-du-collaborate-to-improve-network-sustainability\" style=\"\" rel=\"noopener\">December<\/a> of 2023 to integrate Ericsson\u2019s RAN technology and Connected Recycling platform solutions to reduce emissions across network operations in the UAE.<\/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\">ICT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>du, AWS to provide cloud services in the UAE:<\/strong> Emirates Integrated Telecommunications Company (du) and Amazon Web Services have agreed to establish a Cloud Center of Excellence in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/du-and-aws-collaborate-to-accelerate-cloud-adoption-in-the-uae-io4h5uh0\" style=\"\" rel=\"noopener\">press release<\/a>. The center will allow du to provide cloud solutions to businesses and public sector organizations in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">STARTUPS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Multi Commodities Center inked a partnership with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.kised.or.kr\/_eng\/\" style=\"\" rel=\"noopener\">Korea Institute of Startup and Entrepreneurship<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.kised.or.kr\/_eng\/\" style=\"\" rel=\"noopener\">Development<\/a><\/strong><strong> to boost cooperation between businesses in both countries<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/dmcc-signs-strategic-partnership-with-kised-y20r95du\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement covers key initiatives and mentorship for startups, and involves exploring joint ventures and partnerships. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad Airways inked an MoU to offer Abu Dhabi Global Market <\/strong><strong>businesses with price reductions<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.adgm.com\/media\/announcements\/adgm-and-etihad-airways-ink-strategic-collaboration-to-boost-abu-dhabi-as-a-global-business-hub\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\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>China\u2019s AI smart service provider <\/strong><strong><a target=\"_blank\" href=\"http:\/\/m.terminusgroup.com\/\" style=\"\" rel=\"noopener\">Terminus Group<\/a><\/strong><strong> opened its global headquarters in <\/strong><strong>Dubai, <\/strong>according to a company <a target=\"_blank\" href=\"http:\/\/m.terminusgroup.com\/#\/news-details\/979\" style=\"\" rel=\"noopener\">statement<\/a>. Terminus plans to use the facility to develop smart services and Artificial Intelligence of Things solutions for manufacturing, transportation, and energy industries in the international market, focusing on the Middle East.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Terminus launched its first MENA HQs in Dubai in <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/pulse\/terminus-group-inaugurates-its-mena-headquarters-dubai-\/?trk=public_post\" style=\"\" rel=\"noopener\">September 2021<\/a>, shortly after serving as Expo 2020 Dubai\u2019s premier partner. <\/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\">BUSINESS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Chambers inaugurated a Polish Business Council to strengthen economic <\/strong><strong>ties between the UAE and Poland<\/strong>,Polish ambassador Jakub Slawek told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/uae\/government\/2024\/02\/28\/uaes-polish-community-set-to-grow-as-new-business-council-opens\/\" style=\"\" rel=\"noopener\">The National<\/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\">MEDIA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Wam explores cooperation in Rwanda: <\/strong>A delegation from state news agency Wam landed in Rwanda yesterday to meet with the <a target=\"_blank\" href=\"https:\/\/www.rba.co.rw\/\" style=\"\" rel=\"noopener\">Rwanda Broadcast Agency<\/a>, <a target=\"_blank\" href=\"https:\/\/mkur.ac.rw\/\" style=\"\" rel=\"noopener\">Mount Kigali University<\/a>, and the <a target=\"_blank\" href=\"https:\/\/ur.ac.rw\/\" style=\"\" rel=\"noopener\">University of Rwanda<\/a> to discuss media cooperation, knowledge transfer, and joint training, reports <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/13setxu-wam-delegation-explores-media-cooperation-rwanda\" style=\"\" rel=\"noopener\">Wam<\/a>. During its visit, the delegation inked news exchange agreements with multimedia groups and publications, including <a target=\"_blank\" href=\"http:\/\/www.newtimes.co.rw\/\" style=\"\" rel=\"noopener\">The New Times<\/a>, <a target=\"_blank\" href=\"https:\/\/www.igihe.com\/\" style=\"\" rel=\"noopener\">IGIHE<\/a>, the <a target=\"_blank\" href=\"https:\/\/www.africannewsagency.com\/\" style=\"\" rel=\"noopener\">African News Agency<\/a>, and radio station Royal FM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Media Council greenlit the UAE media roadmap<\/strong>, which includes a regulatory framework and a policy strategy setting out policies, legislations, and initiatives that will regulate the media sector, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1w4bz7-abdulla-bin-mohammed-hamed-chairs-uae-media\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The roadmap looks to grow the media sector\u2019s contribution to the country\u2019s GDP. <\/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\">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:\/\/investopia.ae\/\" style=\"\" rel=\"noopener\">Investopia<\/a><\/strong><strong> renewed its partnership with Emirates Motor Company<\/strong>, the distributor for Mercedes-Benz in Abu Dhabi, by signing an MoU at the Investopia summit to increase cooperation in electric mobility technology and green transportation, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1w4c28-investopia-emirates-motor-company-sign-mou-for\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p class=\"tag-border-left\">ADVERTISING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai awarded Saudi Arabia\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/al-arabia.com\/\" style=\"\" rel=\"noopener\">Al Arabia<\/a><\/strong><strong> a SAR 534 mn (AED 523 mn) contract <\/strong>to install, operate, and maintain advertising 294 billboards in the emirate, the company said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30w1EVGAQHmAIVBPga-xgEGbgbmOlHEaPfAAdwNCCsPwqvEndzdAVYnAhWgMcNXvpR6Tn5SZDwyCgpKbBSNVA1KElMSSwvzVEFujE5P7cgMa8yuDI3KR-oyMTA3FC_IDc0wiAzIDfcUVERAETW-Qg!\/dz\/d5\/L0lDU0NRa2dwUXBRa0tDbEVLQ2xFS0lLVVFvZ3BSSWshL1lEVUVBQUFJSUVNRUNLSUVBR0lHT0lPSUJKRkpGQkpORE5EQk5MTEhMSFBJRUVMQWdvZ292QXNDQUEhIS80SkNpaksxYkdMamlFRXBNaFNUVVU1Q21tb1pyZHJMWnpVODF1MWxzRnFLVlZHS0EvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvdmlldy9ub3JtYWwvQU5OT1VOQ0VNRU5UX05VTUJFUi83ODQ0My9jb21wYW55U3ltYm9sLzQwNzEvaHR0cDolMCUwdGFkYXd1bCUwL2FubkNhdC8xL2FuSWQvZW4!\/\" style=\"\" rel=\"noopener\">disclosure<\/a> on Saudi Arabia\u2019s Tadawul exchange. The contract grants the firm the rights to the billboards for 10 years and five months.<\/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\/aldar-properties\/\">Aldar Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/business\/\">business<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/du\/\">du<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-chambers\/\">Dubai Chambers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/media\/\">Media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/offset8-capital\/\">Offset8 Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/telecoms\/\">telecoms<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/terminus-group\/\">Terminus Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/wam\/\">Wam<\/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=\"89567\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"89567\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/investors-are-still-loving-gulf-ipos\/\">\r\n                            Investors are still loving Gulf IPOs                        <\/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\/29\/investors-are-still-loving-gulf-ipos\/\" 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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In total, institutional investors submitted bids worth SAR 150 bn (USD 40 bn) for the flour milling company\u2019s public offering. The milling company is taking 24.5 mn shares to market \u2014 representing 30% of the company \u2014 in a SAR 1.2 bn market debut. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company priced its IPO at SAR 48 apiece<\/strong>, giving it a valuation of SAR 3.9 bn (USD 1.0 bn). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next: <\/strong>Individual investors will have a two-day window starting Tuesday to place their orders for a maximum of 10% of the offered shares \u2014 2.5 mn shares \u2014 according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2774.pdf\" style=\"\" rel=\"noopener\">prospectus (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BTC broke above the USD 60k mark<\/strong> yesterday for the first time since November 2021 and has already climbed by over 40% since the start of this year, fuelling hopes that the cryptocurrency is gaining appeal among investors in traditional assets, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-28\/bitcoin-surges-to-60-000-with-enthusiasts-eyeing-record-highs?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> noted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets have followed Wall Street down this morning:<\/strong> The Kospi and Nikkei are solidly in the red, while shares in Hong Kong and Shanghai are trading sideways. We\u2019re looking at a weak opening in Europe, and over on Wall Street, stock futures fell as traders \u201cweighed the latest earnings results and looked ahead to the Federal Reserve\u2019s favored inflation gauge,\u201d which is due out this morning, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/02\/28\/stock-market-today-live-updates.html\" style=\"\" rel=\"noopener\">CNBC<\/a> writes. <\/p>\n<p><a target=\"_blank\" id=\"t.edd8060b73d7b790c04ef805eecb0aa405ab65df\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,283<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: -3.1%)<\/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>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\">4,290<\/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: +5.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,757<\/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: -2.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.2% 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\">5.3% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,611<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +4.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">28,876<\/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\">-1.1% (YTD: +16%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,070<\/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: +6.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">7,625<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.8% (YTD: -1.4%)<\/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>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\">4,884<\/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: +8.0%)<\/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>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 83.68<\/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%<\/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 1.87<\/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-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 2,043.70<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 60,514.15<\/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\">+6.8% (YTD: +42.9%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DMF rose 0.4% yesterday<\/strong> on turnover of AED 408.7 mn. The index is up 5.7% 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>Union Properties (+14.7%), Orascom Construction (+10.0%) and Dubai National Insurance & Reinsurance (+4.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Al Mal Capital REIT (-10.0%), Shuaa Capital (-10.0%) and Islamic Arab Ins. Company (-6.1%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index closed down 0.5% on turnover of AED 973.5 mn. Meanwhile Nasdaq Dubai closed down 0.2%.<\/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>IHC now owns one third of Q Holding:<\/strong> IHC Real Estate, a subsidiary of the International Holding Company (IHC), has transferred 49% of its stake in Modon Properties to Q Holding, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2782.pdf\" style=\"\" rel=\"noopener\">ADX filing (pdf)<\/a>. In exchange for the transfer, IHC Real Estate now owns 33.07% of Q Holding, the statement reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Q Holding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/83a47c2e-7999-4718-9030-cf29eaf52e53\" style=\"\" rel=\"noopener\">changed its name<\/a> to Modon Holding earlier this week, and is now using Modon as its trade name. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based decarbonization firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.positivezero.com\/\" style=\"\" rel=\"noopener\">Positive Zero<\/a><\/strong><strong> has a new visual identity<\/strong>after its clean energy and mobility subsidiaries, SirajPower, Taka Solutions, and HYPR Energy, were consolidated into one entity under the Positive Zero platform, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1w4cb2-positive-zero-launches-new-brand-consolidates\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DIVIDEND PAYOUTS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Dubai Islamic Bank is paying AED 3.25 bn in dividends for 2023<\/strong>, it said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2757.pdf\" style=\"\" rel=\"noopener\">DFM<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2757.pdf\" style=\"\" rel=\"noopener\">filing (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Emirates Driving Company\u2019s board of directors proposed to distribute <\/strong><strong>dividends of 71 fils per share<\/strong> for its earnings for FY2023, the company said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2820.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Abu Dhabi National Hotels is paying out AED 240 mn in dividends<\/strong>, as well as 5% bonus shares amounting to AED 60 mn of its share capital, for 2023, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2823.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>,<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Unikai Foods is offering shareholders 20% bonus shares as dividends for 2023<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2824.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/eminsco.com\/\" style=\"\" rel=\"noopener\">Emirates Ins. Company<\/a><\/strong><strong>\u2019s board agreed to pay dividends of 55 fils per share<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2795.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (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\/btc\/\">BTC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mena-ipos\/\">MENA IPOs<\/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=\"89569\" 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=\"89569\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/29\/fm-talks-cooperation-with-belgium-luxembourg-guinea-bissau-gargash-meets-wef-president\/\">\r\n                            FM talks cooperation with Belgium, Luxembourg, Guinea-Bissau + Gargash meets WEF President                        <\/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\/29\/fm-talks-cooperation-with-belgium-luxembourg-guinea-bissau-gargash-meets-wef-president\/\" 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 also touched on Israel\u2019s war on Gaza and its humanitarian toll.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Nahyan also met with Luxembourg\u2019s Foreign Affairs Minister and Vice Prime Minister <\/strong><strong>Xavier Bettel<\/strong> to discuss promoting bilateral cooperation, as well as the humanitarian implications of ongoing regional conflicts, according to a ministry <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2024\/2\/27\/27-2-2024-uae-luxembourg\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE took part in the first Brics Finance Ministers and Central Bank <\/strong><strong>Governors meeting <\/strong>in S\u00e3o Paulo, Brazil, represented by a delegation headed by State Finance Minister Mohamed Hadi Al Hussaini, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b1w4c7y-uae-participates-brics%E2%80%99-finance-ministers-and\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p class=\"tag-border-left\">OTHER DIPLOMACY NEWS- <\/p>\n<ul>\n<li>President Mohammed bin Zayed\u2019s Diplomatic Advisor,<strong> Anwar Gargash<\/strong>, <strong>discussed with World <\/strong><strong>Economic Forum (WEF) President<\/strong>B\u00f8rge Brende strengthening the partnership between the UAE and WEF. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1viwdf-anwar-gargash-meets-president-world-economic\" style=\"\" rel=\"noopener\">Wam<\/a>). <\/li>\n<li>Foreign Affairs Minister <strong>Abdullah bin Zayed<\/strong> met with his counterpart in <strong>Guinea-Bissau<\/strong>, Carlos Pinto Pereira, to discuss <strong>mutual cooperation<\/strong>. (<a target=\"_blank\" href=\"https:\/\/x.com\/OFMUAE\/status\/1762549293024514398?s=20\" style=\"\" rel=\"noopener\">Statement<\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/guinea-bissau\/\">Guinea-Bissau<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/world-economic-forum\/\">World Economic Forum<\/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=\"89571\" 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\/29\/89571-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89571\" class=\"content-area-description single-story post-89571 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;\">26-29 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>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 <\/span><span>(Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/maltcongress.com\/\" style=\"\">Meetings Arabia and Luxury Travel Congress<\/a><\/span><span style=\"font-weight:400;\">, Grand Hyatt, Abu Dhabi.<\/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<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/investopia.ae\/\" style=\"\">Investopia<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/investopia.ae\/\" style=\"\">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 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: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>Deus X acquires Hayvn | Ruder Finn acquires Atteline | Sharjah to raise USD 750 mn from sustainable bonds | Mubadala has its eyes on South Korea + AI and space tech<\/p>\n","protected":false},"featured_media":89544,"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-89543","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"5ae7744d-b067-4a8b-a982-24c67f277bfb","teaser":"Deus X acquires Hayvn | Ruder Finn acquires Atteline | Sharjah to raise USD 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