{"id":89672,"date":"2024-03-05T00:00:00","date_gmt":"2024-03-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=89672"},"modified":"2025-12-14T23:40:03","modified_gmt":"2025-12-14T23:40:03","slug":"day-one-of-efg-hermes-1x1-wraps-in-dubai","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/day-one-of-efg-hermes-1x1-wraps-in-dubai\/","title":{"rendered":"Day one of EFG Hermes 1x1 wraps in Dubai"},"content":{"rendered":"<section id=\"89674\" 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=\"89674\">\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\/03\/05\/its-going-to-be-another-few-days-of-rain-efg-hermes-one-on-one-continues-in-dubai\/\">\r\n                            THIS MORNING: It\u2019s going to be another few days of rain + EFG Hermes\u2019 One on One continues in Dubai                        <\/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\/03\/05\/its-going-to-be-another-few-days-of-rain-efg-hermes-one-on-one-continues-in-dubai\/\" 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\/03\/05\/its-going-to-be-another-few-days-of-rain-efg-hermes-one-on-one-continues-in-dubai\/')\">\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\/03\/05\/its-going-to-be-another-few-days-of-rain-efg-hermes-one-on-one-continues-in-dubai\/\">\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=It\u2019s going to be another few days of rain + EFG Hermes\u2019 One on One continues in Dubai&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/05\/its-going-to-be-another-few-days-of-rain-efg-hermes-one-on-one-continues-in-dubai\/\">\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\/03\/05\/its-going-to-be-another-few-days-of-rain-efg-hermes-one-on-one-continues-in-dubai\/&title=It\u2019s going to be another few days of rain + EFG Hermes\u2019 One on One continues in Dubai\">\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=It%E2%80%99s+going+to+be+another+few+days+of+rain+%2B+EFG+Hermes%E2%80%99+One+on+One+continues+in+Dubai+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F05%2Fits-going-to-be-another-few-days-of-rain-efg-hermes-one-on-one-continues-in-dubai%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\/03\/05\/its-going-to-be-another-few-days-of-rain-efg-hermes-one-on-one-continues-in-dubai\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89674\" class=\"content-area-description single-story post-89674 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-efg-hermes tag-enterpriseam-uae tag-parkin tag-pmi tag-what-were-tracking-today 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\/3\/.b4ed2e31-d1b4-4986-8281-cc8171e7999d.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>We hope the workweek got off to a great start for you yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s day two of the EFG Hermes One on One Conference<\/strong>, the largest gathering of its kind devoted to emerging and frontier equities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some <\/strong><strong>670 investors from 250 global institutions are meeting face-to-face with senior <\/strong><strong>execs<\/strong> from more than 215 companies in industries through Thursday. Presenting companies are from industries ranging from food and fintech to banking and petrochemicals. Companies from 29 countries will be attending.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors and corporates participated in EFG Hermes\u2019 unique live poll <\/strong>at the closing of yesterday\u2019s opening session, which also included an interview with our friend Mahmoud Mohieldin, the World Bank\u2019s senior vice president for the 2030 Development Agenda, United Nations relations, and partnerships as well as a panel on what artificial intelligence means to emerging markets and the finance industry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have the rundown on the poll in this morning\u2019s news well <\/strong>and will have more coverage from the gathering in the days ahead. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** If you\u2019re in Dubai and want to have coffee or pitch us on an interview<\/strong>, hit us up on <a target=\"_blank\" href=\"mailto:1x1@enterprisemea.com\" style=\"\" rel=\"noopener\">1x1@enterprisemea.com<\/a>.<\/p>\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- We\u2019re in for more gloomy weather:<\/strong> The rain will continue this week across all emirates, with a significant chance of thunderstorms, reports the <a target=\"_blank\" href=\"https:\/\/twitter.com\/ncmuae?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1763644152170852692%7Ctwgr%5Eaf132fb2210bb0628fd4a8064f8b9b9b87966204%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.thenationalnews.com%2Fuae%2F2024%2F03%2F02%2Fuae-weather-heavy-rain-lightning-and-thunder-forecast-in-dubai-and-abu-dhabi-next-week%2F\" style=\"\" rel=\"noopener\">National Center of Meteorology<\/a>. Temperatures are also expected to drop as low as 9\u00b0C in some parts of the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- It\u2019s official \u2014 we\u2019re getting shorter work days in Ramadan:<\/strong> Both the private and public sector will have their usual working days shortened by two hours, according to the <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/FAHRGOV\/posts\/pfbid02UPZMdGw7NnTSHtdChtA1ec3SuhqtnLvLqZyNhAe3YtrcdS6ujpJHdawYBNeVhQ2wl?__cft__[0]=AZWgAm5RidxPHq8CfeOy9-_AdCw_vTWGod8iNDq7gT2rO-r7ZEvFmi0Alx8ofUW5mbs3JXzrqP6yZPQsXeb8UapixaETIe4JXhfoZ1wcNL17PaN1vfTln60s9O8beETZAv0tRl8Fv1vkw4T55YIv3oO1y4uk-UA1I7vfkVmuKm7CLtQ1Uhk-kzRxQc8IIbUW9wP2pxKasj370a6-arwI28Zc&amp;__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">Federal Authority for Government Human Resources<\/a> and the <a target=\"_blank\" href=\"https:\/\/twitter.com\/MOHRE_UAE\/status\/1764583787436900431?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1764583787436900431%7Ctwgr%5E4213f97e8d1d646db61c62e91f0d2d4bb3bf4251%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.thenationalnews.com%2Fuae%2F2024%2F03%2F04%2Framadan-2024-working-hours-private%2F\" style=\"\" rel=\"noopener\">Human Resources and Emiratisation ministry<\/a>. We\u2019re looking at a 9am-2:30pm workday from Monday to Thursday, and a 9am-12pm schedule on Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Your bus ride in Sharjah just got a little more expensive: <\/strong>Sharjah bus fares have increased by up to AED 3 on some routes, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/life-and-living\/public-transport-in-uae\/uae-fuel-price-hike-fares-increase-for-some-sharjah-buses-by-up-to-dh3\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. Fare hikes came into effect last Friday, 1 March, after the news of rising <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e644549c-aa34-4c35-b443-01c223cc2cf0\" style=\"\" rel=\"noopener\">fuel prices<\/a> at the end of February.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The Sharjah Municipality will issue permits for non-Muslim communities to prepare<\/strong><strong> and sell food during daylight hours in Ramadan<\/strong>, including displaying food in front of stores before Iftar, <a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/en\/Articles\/2024\/03\/04\/SM-issues-food-sale-permits-to-non-Muslims-during-Ramadan\" style=\"\" rel=\"noopener\">Sharjah24<\/a> reports.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#1- The UAE\u2019s PMI figures are out today shortly after we dispatch this morning\u2019s issue.<\/strong>You can <a target=\"_blank\" href=\"https:\/\/www.pmi.spglobal.com\/Public\/Release\/PressReleases?language=en\" style=\"\" rel=\"noopener\">find the PMI survey here<\/a> once it\u2019s out and read our breakdown in tomorrow morning\u2019s issue. The non-oil sector continued to grow in January, albeit at a slower pace as output growth slowed to a five-month low. Dubai\u2019s PMI figures will be out next Monday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#2- The bookbuilding process for car parking space manager <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.parkin.ae\/\" style=\"\" rel=\"noopener\">Parkin<\/a><\/strong><strong> kicks off today.<\/strong>Retail investors will have until next Tuesday, 12 March to subscribe to the IPO, while the subscription period for institutional investors wraps on Wednesday, 12 March. The Dubai Investment Fund will be selling 749.7 mn shares, with trading set to begin on 21 March, according to the recently-established company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/2\/2645.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\"><strong>#3- Kuwait\u2019s Emir Sheikh Meshal Al Ahmad Al Jaber Al Sabah will be in town today<\/strong> for his first state visit since taking office in December, Kuwait\u2019s <a target=\"_blank\" href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=3140508&amp;language=en\" style=\"\" rel=\"noopener\">Kuna<\/a> reports, citing the UAE\u2019s ambassador to Kuwait. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The Telecommunications and Digital Government Regulatory Authority Hackathon is <\/strong><strong>making its way to Sharjah <\/strong>for the Sharjah and Ajman leg today at the <a target=\"_blank\" href=\"https:\/\/universitycity.gov.ae\/en\/portfolio-item\/%D9%83%D9%84%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D9%82%D9%86%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D9%84%D9%8A%D8%A7\/\" style=\"\" rel=\"noopener\">Higher Colleges of Technology Sharjah<\/a>, and then wrapping up with the Dubai Hackathon tomorrow and Thursday at the Higher Colleges of Technology in Dubai, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1w4caz-tdra-launches-7th-edition-uae-hackathon\" 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>#5- The Culture Summit Abu Dhabi wraps up today<\/strong>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1yi2js-culture-summit-abu-dhabi-kicks-off-manarat\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The event, themed A Matter of Time, features participants from 90 countries engaging in keynote speeches, creative talks, and cultural performances.<\/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:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&amp;id=622787dc7f&amp;e=5875b1ac4f\" style=\"\" rel=\"noopener\">MRO Middle East<\/a><\/strong><strong> event concludes tomorrow <\/strong>in Dubai. The two-day event saw key decision makers from airlines, MROs, OEMs, lessors, and suppliers spanning all aspects of the aviation industry\u2019s supply chain.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.worldpolicesummit.com\/exhibition\/visitor-registration?utm_source=optinmonster&amp;utm_medium=web-banner&amp;utm_campaign=websitepopup&amp;utm_content=\" style=\"\" rel=\"noopener\">World Police Summit<\/a><\/strong><strong> is underway and runs until this Thursday<\/strong> at the Dubai World Trade Center. The event will welcome over 20k global law enforcement and security industry professionals to explore solutions to mitigate crime.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#8- Forbes\u2019 annual <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbes.com\/connect\/event\/2024-forbes-3050-summit-abu-dhabi?promo=PRPR1&amp;tr=true\" style=\"\" rel=\"noopener\">30\/50 summit<\/a><\/strong><strong> is also underway<\/strong>, running through Friday. Meg Ryan andShania Twain will be among those headlining the event spotlighting the Forbes 30 Under 30 and 50 Over 50 lists, coinciding with International Women\u2019s Day, <a target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/forbes-spotlights\/2023\/12\/12\/meg-ryan-suze-orman-and-sheila-johnson-to-headline-forbes-third-annual-3050-summit-in-abu-dhabi-during-international-womens-day\/?sh=219f7389fe64\" style=\"\" rel=\"noopener\">Forbes<\/a> previously reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#9- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dealmiddleeastshow.com\/\" style=\"\" rel=\"noopener\">Dubai Entertainment Amusement &amp; Leisure Exhibition<\/a><\/strong><strong> opened its doors <\/strong><strong>yesterday. <\/strong>The three-day trade show will welcome global exhibitors in entertainment and amusement, before wrapping this Thursday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#10- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.thedubaisugarconference.com\/\" style=\"\" rel=\"noopener\">Dubai Sugar Conference<\/a><\/strong><strong> kicked off yesterday at the InterContinental Dubai <\/strong><strong>Festival City Hotel and will close on Thursday.<\/strong> The conference highlights the growing focus on sustainability in the sugar industry post-COP28. The conference\u2019s discussions will touch on declining sugar prices, health risks of non-sugar sweeteners, and potential in biofuels and biopolymers. Geovane Consul, CEO of <a target=\"_blank\" href=\"https:\/\/bpbunge.com.br\/en\/\" style=\"\" rel=\"noopener\">BP Bunge Bioenergia<\/a>, will deliver the keynote address at this year\u2019s conference. <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Egyptian developer Hassan Allam eyes UAE expansion:<\/strong> Egypt-based construction group <a target=\"_blank\" href=\"https:\/\/www.hassanallam.com\/\" style=\"\" rel=\"noopener\">Hassan Allam Holding<\/a> is planning to expand its projects in the Emirates as part of a strategy to double regional operations, the group\u2019s CEO Hassan Allam told <a target=\"_blank\" href=\"https:\/\/bit.ly\/3TnUXLy\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The construction firm currently has contracts worth approximately USD 2.5 bn in the pipeline. Hassan Allam is eyeing markets including Saudi Arabia, Oman, Libya, and Iraq to propel its regional expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#2- EFG Hermes expects smaller IPOs to dominate GCC markets in the coming year<\/strong>, with the private sector becoming the main issuer seeking capital, EFG Hermes head of Investment Banking Mostafa Gad tells <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/efg-hermes-sees-gulf-ipo-frenzy-private-sector-2024-2024-03-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The Increased transactions will likely come primarily from Saudi Arabia and the UAE, with an increasing level of activity noted in Kuwait, while Oman is gaining heightened attention from global banks, according to Gad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The UAE is set to host a special meeting in June to secure increased financial<\/strong><strong>commitments for climate action ahead of COP29<\/strong> in Baku, Azerbaijan, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-04\/uae-to-convene-climate-finance-meeting-in-buildup-to-cop29\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The summit aims to raise the existing target of USD 100 bn annually, which will \u201crequire vast amounts of private capital as well as government money.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The government of Sharjah is set to clear AED 69.4 mn in debt<\/strong> for 131 citizens convicted in financial cases, under directives of Sharjah ruler Sheikh Sultan bin Muhammad Al Qasimi, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1z3hu5-sharjah-ruler-approves-aed694-million-clear-debts\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The Sharjah Debt Settlement Committee greenlit the latest batch within the emirate\u2019s debt relief program, which saw Sharjah cancel some AED 1.2 bn in debt for 2.3k citizens. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#5- Newly approved Nafis budget:<\/strong> Abu Dhabi Vice President Sheikh Mansour bin Zayed Al Nahyan approved an AED 6.4 bn budget for the Nafis Emiratisation program during the 2024 meeting of the Emirati Talent Competitiveness Council (ETCC), <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1z3i8y-mansour-bin-zayed-chairs-emirati-talent\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The Nafis program, launched in 2021, has a target of integrating 36k Emirati citizens into the private workforce by 2024 as part of the Emiratisation goals for the private sector. The program will also target the employment of 1k citizens in the education sector starting 2024, with aspirations to reach 4k employees by 2027.<\/p>\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>#1- Dubai\u2019s hotel occupancy rates came in at 83.1% in January<\/strong>, outperforming regional and international cities, including Medina, Mumbai, and Hong Kong, <a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4255435\/83-%D9%85%D8%B9%D8%AF%D9%84-%D8%A7%D9%84%D8%A5%D8%B4%D8%BA%D8%A7%D9%84%D8%A7%D8%AA-%D8%A8%D9%81%D9%86%D8%A7%D8%AF%D9%82-%D8%AF%D8%A8%D9%8A-%D9%81%D9%8A-%D9%8A%D9%86%D8%A7%D9%8A%D8%B1\/#:~:text=%D9%85%D8%A8%D8%A7%D8%B4%D8%B1%20%E2%80%93%20%D8%AF%D8%A8%D9%8A%3A%20%D8%A7%D8%B1%D8%AA%D9%81%D8%B9%D8%AA%20%D9%85%D8%B9%D8%AF%D9%84%D8%A7%D8%AA%20%D8%A7%D9%84%D8%A5%D8%B4%D8%BA%D8%A7%D9%84%D8%A7%D8%AA,%D8%A8%D8%A7%D9%84%D9%85%D8%A7%D8%A6%D8%A9%20%D8%AE%D9%84%D8%A7%D9%84%20%D8%B4%D9%87%D8%B1%20%D9%8A%D9%86%D8%A7%D9%8A%D8%B1%20%D8%A7%D9%84%D9%85%D8%A7%D8%B6%D9%8A.\" style=\"\" rel=\"noopener\">Mubasher<\/a> reports, citing data from commercial real estate information provider <a target=\"_blank\" href=\"https:\/\/www.costar.com\/news\/section\/hospitality\" style=\"\" rel=\"noopener\">Co-Star<\/a>. January occupancy rates are more than three percentage points higher than figures recorded in January 2023, and were a record high for Dubai\u2019s January performance since pre-pandemic levels in 2020. Growth came despite the emirate opening 3k new hotel rooms throughout the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>2023 recap: <\/strong>Average hotel occupancy rates in Dubai were one of the highest globally in 2023, standing at 77.48%, up 2.18% from an occupancy average of 75.3% in 2019, prior to the pandemic.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Non-Arab foreign investors poured some AED 3.4 bn into UAE stock markets in the <\/strong><strong>first two months of 2024<\/strong>, with stocks on the DFM receiving AED 2 bn and those on the ADX reeling in AED 1.38 bn, <a target=\"_blank\" href=\"https:\/\/www.alkhaleej.ae\/2024-03-04\/34-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D8%B1%D9%87%D9%85-%D8%B6%D8%AE-%D8%A7%D9%84%D8%A3%D8%AC%D8%A7%D9%86%D8%A8-%D9%81%D9%8A-%D8%A3%D8%B3%D9%87%D9%85-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%85%D9%86%D8%B0-%D9%85%D8%B7%D9%84%D8%B9-2024\/%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\" style=\"\" rel=\"noopener\">Al Khaleej<\/a> reports. The DFM is up 6.13% year-to-date, while the ADX is down 3.4% y-t-d.<\/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:\/\/dmcc.ae\/\" style=\"\" rel=\"noopener\">Dubai Multi Commodities Center\u2019s<\/a><\/strong><strong>(DMCC) portfolio of Chinese companies grew 25% <\/strong><strong>y-o-y, <\/strong>with 852 Chinese companies registering in the freezone in 2023, according to a <a target=\"_blank\" href=\"https:\/\/dmcc.ae\/latest-news\/dmcc-announces-25-annual-growth-in-new-chinese-member-companies-as-it-concludes-first-2024-chinese-trade-roadshows-in-hong-kong-and-shanghai\" style=\"\" rel=\"noopener\">statement<\/a>. The number of active Chinese companies positions DMCC as \u201chome to over 14%\u201d of some 6k Chinese businesses operating in the UAE, the freezone said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Local air traffic climbed 14% y-o-y in February<\/strong>,with a record 2.9k air movements recorded in a single day of the month, Assistant Director-General of the <a target=\"_blank\" href=\"https:\/\/www.gcaa.gov.ae\/en\/Pages\/Home.aspx\" style=\"\" rel=\"noopener\">General Civil Aviation Authority\u2019s<\/a> Air Navigation Services Sector Ahmed Al Jallaf told Wam (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b1z3hra-air-traffic-uae-grew-14-february-gcaa\" style=\"\" rel=\"noopener\">watch, runtime: 2:30<\/a>). Al Jallaf forecasts air traffic will continue to trend upwards in 2024 on the back of national airlines\u2019 airport and fleet expansions. Air traffic increased 19% y-o-y in 2023, with over 134 mn passengers recorded traveling through UAE airports during the year (up 33% y-o-y, and 5% compared to pre-pandemic levels in 2019). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The regional commercial airfleet is set to expand 51% to over 2.2k aircraft within a <\/strong><strong>decade<\/strong>,according to <a target=\"_blank\" href=\"https:\/\/www.oliverwyman.com\/our-expertise\/insights\/2024\/feb\/global-fleet-and-mro-market-forecast-2024-2034.html?utm_medium=referral&amp;utm_campaign=fleet-mro-forecast-2024&amp;utm_content=forbes-&amp;utm_id=cmp-16005-r2f0r6\" style=\"\" rel=\"noopener\">a report<\/a> from consulting firm Oliver Wyman. Meanwhile, the global airfleet is projected to increase by 28% to 36.4k aircraft by 2034. Prior to the covid-19 pandemic, the global fleet was expected to hit 39k by 2023, but \u201cthis won\u2019t happen until 2036, with Covid wiping out six years of growth,\" the report reads. <\/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 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>Apple has been slapped with a USD 2 bn fine by the European Commission<\/strong> for <a target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_24_1161\" style=\"\" rel=\"noopener\">breaching<\/a> EU antitrust laws by preventing music streaming apps from informing iPhone users about cheaper subscription options paid for outside iPhone apps. The whopping fine for \u201cabusing its dominant position\u201d is designed to deter Apple and other giant companies from taking similar actions in the future. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/apple-hit-with-over-18-bln-euro-eu-antitrust-fine-spotify-case-2024-03-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/03\/04\/apple-hit-with-more-than-1point95-billion-eu-antitrust-fine-over-music-streaming.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/apple-antitrust-fine-music-streaming-europe-439e3e8af91d844dee3dc8ff8012c68f\" style=\"\" rel=\"noopener\">Associated Press<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While over in the states, Trump\u2019s legal battles are once again making the front pages:<\/strong> The Supreme Court overturned a ruling by Colorado\u2019s top court that prohibited Donald Trump from running for president in the state on the basis of an anti-insurrection clause in the US constitution. Only Congress has the constitutional power to take a candidate off the ballot under the 14 amendment, the Supreme Court unanimously ruled. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/trump-wins-colorado-ballot-disqualification-case-us-supreme-court-2024-03-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-04\/trump-s-supreme-court-win-over-ballot-challenges-five-takeaways\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/supreme-court-trump-insurrection-election-colorado-51e79c0f03013034c8a042cb278b6446\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/03\/04\/supreme-court-rules-in-trump-colorado-ballot-case.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/world-us-canada-68395816\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2024\/mar\/04\/supreme-court-trump-ruling-document\" style=\"\" rel=\"noopener\">Guardian<\/a>)<\/p>\n<p class=\"tag-border-left\"> HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/beyondglobaltrade.com\/\" style=\"\" rel=\"noopener\">Beyond Global Trade<\/a><\/strong><strong> kicks off on Thursday, 7 March<\/strong>, at the Edition Hotel, Dubai. The event focuses on using blockchain technology in conventional trade. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Sharjah Airport Authority will present Sharjah Airport's expansion plans at <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.itb.com\/en\/\" style=\"\" rel=\"noopener\">ITB Berlin<\/a><\/strong><strong>2024<\/strong>, which kicks off tomorrow and runs until Thursday, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1xwmgv-sharjah-airport-authority-showcase-expansion-plans\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The event gathers tourism and travel industry leaders from 165 countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>The Future Women Leaders Forum 2024 will take place on <\/strong><strong>International <\/strong><strong>Women\u2019s Day this Friday, 8 March,<\/strong> at Fairmont Dubai, reports <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/uae\/women-in-leadership-breaking-barriers-and-shaping-the-future-1.101402247\" style=\"\" rel=\"noopener\">Gulf News<\/a>. Organized by Gulf News and women\u2019s empowerment organization <a target=\"_blank\" href=\"http:\/\/www.beingshe.com\/\" style=\"\" rel=\"noopener\">Being She<\/a>, the forum brings together women leaders to amplify regional and international initiatives for gender equality.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/efg-hermes\/\">EFG Hermes<\/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\/pmi\/\">PMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89675\" 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=\"89675\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/05\/results-of-efg-hermes-researchs-annual-one-on-one-live-poll-are-out\/\">\r\n                            Results of EFG Hermes Research\u2019s annual One-on-One live poll are out                        <\/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\/03\/05\/results-of-efg-hermes-researchs-annual-one-on-one-live-poll-are-out\/\" 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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Nearly 400 attendees had 10 seconds to respond to each of 10 questions. Below is a roundup of the key takeaways from the poll. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A majority of respondents (51%) see Dubai real estate prices ending the year higher<\/strong>, after they notched a record increase last year on the back of an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c7859e91-1b27-4af2-9988-e59791032e2c\/Could%20we%20see%20Dubai%20real%20estate%20prices%20cool%20down%20in%202024\" style=\"\" rel=\"noopener\">influx of foreign wealth<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/93f934ee-0231-47f6-aba4-f34a0cf0f7d6\/more-growth-incoming\" style=\"\" rel=\"noopener\">strong population growth<\/a>. Plenty of real estate analysts share the same view, though many think the pace of growth could slow slightly from last year\u2019s boom. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Most respondents (62%) said they plan to invest more in their business this year than they did last year<\/strong>, while 19% plan to maintain the same expenditure levels as 2023 and another 19% plan to cut back. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A large portion of respondents (44%) see the US Federal Reserve cutting rates by 50 bps<\/strong> \u2014 over two separate 25 bps cuts \u2014 during the year. 26% think it could cut interest rates by up to 75 bps in three separate moves. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>47% believe oil prices will average around USD 80 \/ bbl this year<\/strong>, which is in line with what most pundits \u2014 including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/01ea743b-3b7a-4c4e-a0a1-7bc4cadb7f23\" style=\"\" rel=\"noopener\">Fitch Ratings<\/a> and the US Energy Information Administration \u2014 have forecast. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Respondents were evenly split on which sectors will drive growth in the MENA region this year<\/strong>, with 27% voting for real estate and an equal amount voting healthcare. 24% see banks performing the best during the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other interesting takeaways: <\/strong><\/p>\n<ul>\n<li><strong>Most (44%) think the US\u2019 S&P 500 will outperform the MSCI EM index<\/strong> in USD terms, in a reversal of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/104cba3e-5ab0-4084-9a7e-4531c75a63bc\" style=\"\" rel=\"noopener\">last year\u2019s forecast<\/a> ; <\/li>\n<li><strong>63% of respondents see small and mid-cap stocks in Saudi Arabia outperforming large caps<\/strong> in line with recent trends; <\/li>\n<li><strong>44% of respondents think Saudi Arabia will deliver the best USD performance this year<\/strong>, while 25% think Egypt will; <\/li>\n<li><strong>34% of respondents would choose the \u201cmagnificent 7\u201d stocks<\/strong> \u2014 Microsoft, Amazon, Meta, Apple, Alphabet, Nvidia, and Tesla \u2014 to buy and hold for one year, while 33% would go for Saudi stocks. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/319.pptx\" style=\"\" rel=\"noopener\">Tap or click here (pdf)<\/a><\/strong><strong> to see the full poll results.<\/strong><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-watch\/\">OIL WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/us-federal-reserve\/\">US Federal Reserve<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89677\" 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=\"89677\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/05\/sp-has-a-positive-outlook-for-gcc-corporate-infrastructure-players\/\">\r\n                            A positive outlook for GCC corporate and infrastructure companies -S&amp;P Global                        <\/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\/03\/05\/sp-has-a-positive-outlook-for-gcc-corporate-infrastructure-players\/\" 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\/03\/05\/sp-has-a-positive-outlook-for-gcc-corporate-infrastructure-players\/')\">\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\/03\/05\/sp-has-a-positive-outlook-for-gcc-corporate-infrastructure-players\/\">\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=S&#038;P has a positive outlook for GCC corporate + infrastructure players&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/05\/sp-has-a-positive-outlook-for-gcc-corporate-infrastructure-players\/\">\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\/03\/05\/sp-has-a-positive-outlook-for-gcc-corporate-infrastructure-players\/&title=S&#038;P has a positive outlook for GCC corporate + infrastructure players\">\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=S%26%23038%3BP+has+a+positive+outlook+for+GCC+corporate+%2B+infrastructure+players+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F05%2Fsp-has-a-positive-outlook-for-gcc-corporate-infrastructure-players%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\/03\/05\/sp-has-a-positive-outlook-for-gcc-corporate-infrastructure-players\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/337.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89678\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/05\/sp-has-a-positive-outlook-for-gcc-corporate-infrastructure-players\/337-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/337.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"337.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/337.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/337.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89677\" class=\"content-area-description single-story post-89677 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-corporate tag-economy tag-enterpriseam-uae tag-gcc tag-sp 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\/3\/.3cb4d0b3-f92f-46e0-a82e-d34521a6909f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ratings agency S&P Global sees GCC corporate and infrastructure firms <\/strong><strong>standing strong this year despite \u201csoft global economic growth,\u201d<\/strong> surging interest rates, and geopolitical risks in the region, S&P Global Ratings said in its <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/ratings\/en\/research\/articles\/240304-gcc-corporate-and-infrastructure-outlook-2024-holding-up-against-refinancing-needs-12995723\" style=\"\" rel=\"noopener\">latest GCC Corporate And Infrastructure Outlook 2024 report<\/a>. The report looks at how S&P feels about the companies it rates across the GCC. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving the optimism:<\/strong> S&P Global says many companies will benefit from a cushion provided by strong operating performances since last year. It likes the prospects this year for non-oil, oil and gas, and chemicals players alike. Companies are, on the whole, underleveraged, giving them more room to adapt to changing circumstances \u2014 a good sign when many will need headroom to invest in capex programs to grow or short-up their businesses. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refinancing risk is low:<\/strong> As much as 80% of the debt maturing this year is with \u201chighly-rated government-related entities,\u201d it says. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EBITDA benchmark: <\/strong>S&P sees operating profitability in the 5-10% range in aggregate for GCC companies through this year and net. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Look for non-oil GDP growth to clock in at a bit under 5% in the UAE and Saudi Arabia <\/strong>on the back of ongoing economic diversification drives and population growth across the GCC, the ratings agency said. It sees non-oil sectors benefiting from a public spending spree and consumer spending growth. The GCC as a whole is expected to grow 2-3% this year, driven by increased oil-related real GDP growth on the back of OPEC+ production cuts, the agency said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>S&P Global <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/82342bed-947d-41ed-9499-33132df1f9fd\" style=\"\" rel=\"noopener\">expects<\/a> the UAE\u2019s GDP growth to accelerate to more than 5% in 2024, outpacing the 2.8% growth expected for the global economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>M&A and real estate drive record 2023 earnings:<\/strong> S&P Global expects non-oil companies in the UAE to have achieved a 5-15% earnings growth in 2023, while their counterparts in Saudi Arabia are projected to have experienced a 3-4% increase. The earnings growth was fueled by active mergers and acquisitions, and a booming real estate market. The credit rating agency expects to see 7% growth in non-oil earnings for 2024, a decline from the 15% penciled in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More GCC investments in clean energy:<\/strong> A surge in regional renewables is expected over the next five years, backed by capital and low-cost renewable energy. More energy efficient water desalination plants are also on the horizon for the region, notably in Abu Dhabi, where plans aim to meet <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/ewec-meets-over-80-per-cent-of-total-power-demand-using-renewable-and-clean-energy-sources\/\" style=\"\" rel=\"noopener\">over 90% of water demands<\/a> by 2030. The agency cited the UAE's commitment to decarbonization with its USD 30 bn energy transition fund, and Adnoc\u2019s revised USD 23 bn budget aimed at <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/uaes-adnoc-boosts-lower-carbon-budget-23-billion-2024-01-22\/\" style=\"\" rel=\"noopener\">developing<\/a> the company\u2019s carbon management platform.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Geopolitical tensions pose risks for certain sectors:<\/strong> Companies operating in oil and gas, tourism, shipping, and the retail and automotive supply chain sectors \u201ccould face some operating weaknesses if conditions take a turn for the worse,\u201d according to the report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But we\u2019re going to have a \u201csustained\u201d 2024 IPO market<\/strong>: The UAE\u2019s IPO momentum stems from the government's commitment in 2022 to list 10 GREs, with only five having been listed so far, including Dubai Taxi in December 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Dubai is offering up to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/uae\/ddc973a3-61f9-4417-b379-044231c11556\" style=\"\" rel=\"noopener\">a 25% stake<\/a> in car parking space manager Parkin in what is set to be the country\u2019s first IPO of the year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/corporate\/\">corporate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sp\/\">S&amp;P<\/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=\"89679 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=\"89679\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/05\/89679-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89679\" class=\"content-area-description single-story post-89679 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/801.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89680\" 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=\"89680\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/05\/cbi-appoints-new-financials-head\/\">\r\n                            CBI appoints Rajesh Arora as its new financials head                        <\/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\/03\/05\/cbi-appoints-new-financials-head\/\" 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\/03\/05\/cbi-appoints-new-financials-head\/')\">\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\/03\/05\/cbi-appoints-new-financials-head\/\">\n                    Facebook             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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89681\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/05\/cbi-appoints-new-financials-head\/276-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/276.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"276.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/276.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/276.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89680\" class=\"content-area-description single-story post-89680 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-appointment tag-cbi tag-enterpriseam-uae tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.c7d33a2c-adef-4c03-afac-62c702b30120.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Dubai-based <strong><a target=\"_blank\" href=\"https:\/\/www.cbiuae.com\/\" style=\"\" rel=\"noopener\">Commercial Bank International<\/a><\/strong>tapped <strong>Rajesh Arora <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/rajesh-arora-ba32135\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as <strong>chief<\/strong><strong> financial officer<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/262.pdf\" style=\"\" rel=\"noopener\">ADX filing (pdf)<\/a>. Arora has worked in the financial services sector for over 27 years, previously serving as CFO of the Northern Gulf and Levant at <a target=\"_blank\" href=\"https:\/\/www.sc.com\/\" style=\"\" rel=\"noopener\">Standard Chartered Bank<\/a> in Bahrain, and the Head of Finance at <a target=\"_blank\" href=\"https:\/\/www.alhilalbank.ae\/en\/personal\/\" style=\"\" rel=\"noopener\">Al Hilal Bank<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Meanwhile, logistics giant <strong>Aramex <\/strong>has appointed <strong>Tim Martin<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/tim-martin-94ba717\/?originalSubdomain=sg\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as <strong>chief executive <\/strong><strong>o<\/strong><strong>fficer for business affairs<\/strong> and <strong>Fran\u00e7oise Rousseau<\/strong> as <strong>chief executive officer for technologies<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.alkhaleej.ae\/2024-03-04\/%D8%A3%D8%B1%D8%A7%D9%85%D9%83%D8%B3-%D8%AA%D8%B9%D9%8A%D9%8A%D9%86-%D8%B1%D8%A6%D9%8A%D8%B3%D9%8A%D9%86-%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A%D9%8A%D9%86-%D9%84%D9%84%D8%B4%D8%A4%D9%88%D9%86-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A%D8%A9-%D9%88%D8%A7%D9%84%D8%AA%D9%82%D9%86%D9%8A%D8%A7%D8%AA\/%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\" style=\"\" rel=\"noopener\">AlKhaleej<\/a> reports. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/appointment\/\">Appointment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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class=\"index-number\">5<\/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\/03\/05\/fitch-upgrades-ad-ports-credit-rating-dib-sustainable-sukuk-listed-on-dfm\/\">\r\n                            Fitch upgrades AD Ports\u2019 credit rating + DIB sustainable sukuk listed on DFM                        <\/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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href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/05\/fitch-upgrades-ad-ports-credit-rating-dib-sustainable-sukuk-listed-on-dfm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/345.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89684\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/05\/fitch-upgrades-ad-ports-credit-rating-dib-sustainable-sukuk-listed-on-dfm\/345-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/345.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"345.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/345.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/345.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89683\" class=\"content-area-description single-story post-89683 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi-investment-authority tag-adnoc tag-agriculture tag-al-rajhi-bank tag-also-on-our-radar tag-burjeel-holdings tag-enterpriseam-uae tag-healthcare tag-hedge-funds tag-minerals 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\/3\/.5b5a0ae6-e23d-49cb-a68c-e50ea06463f7.mp3\"><\/audio><\/figure><p class=\"tag-border-left\"> TRADE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fitch upgraded <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adports.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Ports<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adports.ae\/\" style=\"\" rel=\"noopener\">\u2019<\/a><\/strong><strong>(AD Ports) credit rating from A+ to AA- with a stable <\/strong><strong>outlook<\/strong>, the ratings agency <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/infrastructure-project-finance\/fitch-upgrades-abu-dhabi-ports-company-to-aa-removes-uco-outlook-stable-01-03-2024\" style=\"\" rel=\"noopener\">said<\/a>. The rating agency also assigned an AA- rating with a stable outlook to AD Port\u2019s Euro Medium-Term Note bonds and its USD 1 bn 2031 senior unsecured bonds.<\/p>\n<p class=\"tag-border-left\"> DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Dubai Islamic Bank (DIB) listed its USD 1 bn sustainable sukuk on Nasdaq Dubai <\/strong>yesterday, according to a <a target=\"_blank\" href=\"https:\/\/www.nasdaqdubai.com\/trading\/disclosures\/6d38ae31-1975-43e9-b01d-9ab614b671d3\" style=\"\" rel=\"noopener\">bourse filing<\/a>. The sukuk have an average yield of 5.243% and a maturity of 5 years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- DIB\u2019s USD sustainable sukuk was 2.5x oversubscribed:<\/strong> DIB launched its five-year USD 1 bn sustainable sukuk <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/10517999-ba89-4c04-9a6b-56179c40b62f\" style=\"\" rel=\"noopener\">last Thursday<\/a>, receiving USD 2.5 bn worth of orders. 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#2- Emirati lenders working on Al Rajhi\u2019s Islamic bond sale: <\/strong>Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, and FAB are among the banks acting as joint lead managers and bookrunners for Saudi Islamic lender <a target=\"_blank\" href=\"https:\/\/www.alrajhibank.com.sa\/en\" style=\"\" rel=\"noopener\">Al Rajhi Bank<\/a> on their USD-denominated five-year sustainable sukuk issuance, according to <a target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/articles\/al-rajhi-bank-plans-to-issue-5-year-sustainable-sukuk-document-says\" style=\"\" rel=\"noopener\">Reuters<\/a>. The benchmark-sized debt will be issued under the bank\u2019s USD 4 bn Trust Certificate Issuance Program. Al Rajhi held the investor meetings for the Islamic bond sale yesterday after appointing banks to advise on the issuance. <\/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\">HEALTHCARE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Burjeel expands in Saudi Arabia: <\/strong>ADX-listed healthcare services provider <a target=\"_blank\" href=\"https:\/\/burjeelholdings.com\/\" style=\"\" rel=\"noopener\">Burjeel Holdings<\/a> inaugurated eight new PhysioTherabia centers in Riyadh, Jeddah, Dammam, Al Khobar, and Yanbu, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/burjeelholdings.com\/news\/burjeel-holdings-expands-physiotherabia-network-with-eight-new-centers-in-saudi-arabia\/\" style=\"\" rel=\"noopener\">statement<\/a>. The centers offer physical therapy treatment including musculoskeletal, pediatric, and sports injury rehabilitation. Burjeel is partnering with Saudi Arabian ins. company <a target=\"_blank\" href=\"https:\/\/tawuniya.com\/\" style=\"\" rel=\"noopener\">Tawuniya<\/a> to reach a broader clientele.<\/p>\n<p class=\"tag-border-left\"> FINANCE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New hedge fund sets up shop in Dubai:<\/strong> Multi-asset hedge fund <a target=\"_blank\" href=\"https:\/\/emergefunds.com\/?lang=en\" style=\"\" rel=\"noopener\">Emerge Funds Investments<\/a> launched its office in Dubai after obtaining a license from the <a target=\"_blank\" href=\"https:\/\/www.sca.gov.ae\/en\/home.aspx\" style=\"\" rel=\"noopener\">Securities and Commodities Authority<\/a>, <a target=\"_blank\" href=\"https:\/\/www.emaratalyoum.com\/business\/local\/2024-03-04-1.1832108\" style=\"\" rel=\"noopener\">Emarat Al Youm<\/a> reports. Emerge is the latest hedge fund to set up a regional office in the UAE, following asset management firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8d1b3a2a-1f29-49f6-b301-42ac50c4f9d2\" style=\"\" rel=\"noopener\">Kirkoswald<\/a> and Chinese private equity fund <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/54f91d5b-d38b-4b5e-b9d9-f32d755fe395\" style=\"\" rel=\"noopener\">CMC Capital Partners<\/a> establishing offices in Abu Dhabi Global Market. <\/p>\n<p class=\"tag-border-left\"> MINERALS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The World Gold Council (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.gold.org\/\" style=\"\" rel=\"noopener\">WGC<\/a><\/strong><strong>) and Dubai Multi Commodities Center will conduct gold <\/strong><strong>market research and address industry challenges<\/strong> as per an MoU the two signed to advance the UAE\u2019s gold industry, according to a WGC <a target=\"_blank\" href=\"https:\/\/www.gold.org\/news-and-events\/press-releases\/world-gold-council-wgc-and-dubai-multi-commodities-centre-dmcc\" style=\"\" rel=\"noopener\">statement<\/a> from yesterday. The agreement will also see the two provide annual training for bullion industry professionals and engage with bullion banks, and deploy retail gold investment principles. As part of the partnership, WGC also inaugurated its regional HQ in the Dubai-based freezone.<\/p>\n<p class=\"tag-border-left\"> M&A- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adia acquires stake in Indian airline: <\/strong><a target=\"_blank\" href=\"https:\/\/www.adia.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Investment Authority<\/a> (Adia) reportedly purchased an undisclosed number of shares in Indian budget airline <a target=\"_blank\" href=\"https:\/\/www.spicejet.com\/\" style=\"\" rel=\"noopener\">SpiceJet<\/a> from the open market, Indian financial newspaper <a target=\"_blank\" href=\"https:\/\/www.business-standard.com\/companies\/news\/abu-dhabi-investment-authority-acquires-spicejet-shares-from-open-market-124030400722_1.html\" style=\"\" rel=\"noopener\">Business Standard<\/a> reports, citing a SpiceJet official. The sovereign wealth fund reportedly started acquiring shares in the airline in late February. No other details were disclosed regarding the transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> AGRICULTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Food tech company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/greeneration.ae\/\" style=\"\" rel=\"noopener\">Greeneration<\/a><\/strong><strong> launched in Dubai\u2019s Industrial City<\/strong>, introducing over 70 rare, locally produced crops utilizing hydroponic and AI technologies, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/greeneration-an-innovative-food-hub-launches-in-dubai-im5wiyum\" style=\"\" rel=\"noopener\">press release<\/a>. The company aims to supply zero-pesticide produce to 1.2k restaurants, as well as expand into medicinal herbs and berries. They also introduced the Greeneration Academy offering over 100 hours of online sustainability education for schools and universities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dubai launches program supporting Emirati farmers:<\/strong> Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum launched the Dubai Farms program, a technically advanced support system for Emirati farmers, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1z3i36-hamdan-bin-mohammed-launches-%E2%80%98dubai-farms%E2%80%99\" 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>What the program offers:<\/strong> The program will offer farming consultation services, subsidized supplies, mandatory lab testing, and pest control services. It also features the establishment of a farmers\u2019 association, the Smart Farming Platform, and a strategic partnership with GMG for marketing and selling farmers\u2019 products.<\/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>The Economy Ministry and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/europeanwomenassociation.org\/\" style=\"\" rel=\"noopener\">European Women Association<\/a><\/strong><strong>launched the <\/strong><strong>Investment Readiness Acceleration program<\/strong> focusing on assisting women-led startups with vital skills to navigate new sectors, secure funding, and articulate visions to investors, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1z3ibr-ministry-economy-ewa-launch-%E2%80%98investment-readiness\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates National Schools and the Rochester Institute of Technology in Dubai <\/strong><strong>signed an MoU<\/strong> aiming to enhance educational opportunities through academic exchange, innovative programs, and training initiatives for students and teachers, <a target=\"_blank\" href=\"https:\/\/wam.ae\/ar\/article\/32jqwxso-%D8%AA%D9%81%D8%A7%D9%87%D9%85-%D8%A8%D9%8A%D9%86-%D9%85%D8%AF%D8%A7%D8%B1%D8%B3-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%88%D8%AC%D8%A7%D9%85%D8%B9%D8%A9-%D8%B1%D9%88%D8%AA%D8%B4%D8%B3%D8%AA%D8%B1-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-authority\/\">Abu Dhabi Investment Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-rajhi-bank\/\">Al Rajhi Bank<\/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\/burjeel-holdings\/\">Burjeel Holdings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hedge-funds\/\">hedge funds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/minerals\/\">minerals<\/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=\"89685\" 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=\"89685\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/05\/nvidia-overtakes-aramco-as-worlds-third-largest-company\/\">\r\n                            Nvidia overtakes Aramco as world's third largest company                        <\/a>\r\n                    <\/h3>\r\n\r\n               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<\/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\/03\/05\/nvidia-overtakes-aramco-as-worlds-third-largest-company\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/336.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89686\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/05\/nvidia-overtakes-aramco-as-worlds-third-largest-company\/336-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/336.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"336.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/336.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/336.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89685\" class=\"content-area-description single-story post-89685 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-cryptocurrency tag-enterpriseam-uae tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.92479d82-dfd9-4421-a28d-c5d459253f01.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Tech companies now top the world's biggest three companies: <\/strong>US chipmaker Nvidia has surpassed oil and gas colossus Saudi Aramco in market value, becoming the world\u2019s third-most valuable public company behind fellow American tech giants Apple and Microsoft, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-04\/nvidia-leaps-aramco-to-be-world-s-third-most-valuable-company?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Nvidia\u2019s value climbed 2.5% to USD 2.1 tn yesterday, extending a sharp rally that saw the company\u2019s stock surge nearly 70% and add some USD 883 bn in value this year already.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fuelling the rally: <\/strong>Nvidia\u2019s stocks were buoyed by <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/10d870cb-5a4e-4436-8853-fc2b5823a998\" style=\"\" rel=\"noopener\">bumper 4Q 2023 earnings<\/a> last month that recorded a 265% y-o-y jump on the back of a splurge in AI spending. Net income also skyrocketed 770% during the same period to USD 12.3 bn. At the time, Nvidia\u2019s CEO and founder Jensen Huang described the results as a \u201ctipping point\u201d for the AI industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile at Aramco:<\/strong> The value of the majority state-owned Saudi Aramco dropped to USD 2 tn yesterday. Aramco's stock has dipped over 5% this year due to oil supply cuts by OPEC+ and a potential follow-on offering in the company by the Saudi government. <\/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\">MARKETS THIS MORNING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In Asia, it\u2019s red as far as the eye can see<\/strong>, with Chinese, Korean, and Japanese benchmarks edging lower this morning as China\u2019s big annual political get-together kicked off this morning. Traders are looking for clarity on the Communist Party\u2019s economic policy for the year. Officials are now guiding for <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/03\/05\/china-gdp-target-2024.html\" style=\"\" rel=\"noopener\">GDP growth of \u201caround 5%\u201d<\/a> for this year, a bit below the 5.2% it advanced in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Futures point to a soft open<\/strong> for stocks in Europe, on Wall Street, and on Bay Street later today.<\/p>\n<p><a target=\"_blank\" id=\"t.47f5c8f7512fb9fb2cdeb081c9d3e7700c82647d\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,285<\/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: -3.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,326<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: +6.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,763<\/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: -2.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.3% 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-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>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\">12,434<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.0% (YTD: +3.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">30,542<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+5.1% (YTD: +22.7%)<\/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>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\">5,131<\/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: +7.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,640<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: -1.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,913<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +8.7%)<\/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>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 82.67<\/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\">-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 1.92<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.0%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,120.80<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 67,869.51<\/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\">+7.9% (YTD: +58.9%)<\/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 ADX rose 0.1% yesterday<\/strong> on turnover of AED 892.6 mn. The index is down 3.1% 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>Response Plus Holding (+15.0%), Fujairah Building Industries (+14.9%) and Sharjah Cement and Industrial Development (+6.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>RAK National Ins. (-10.0%), Rapco Investment (-9.6%) and ESG Emirates Stallions Group (-6.2%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index closed down 0.7% on turnover of AED 334.7 mn. <strong>And in Nasdaq Dubai<\/strong>, the index rose 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>#1- Dubai road-toll operator <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.salik.ae\/en\" style=\"\" rel=\"noopener\">Salik<\/a><\/strong><strong> proposed distributing AED 550 mn in dividends <\/strong><strong>for 2H 2023<\/strong>,amounting to 7.33 fils per share, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/217.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>, after their board meeting yesterday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Abu Dhabi Commercial Bank proposed paying dividends of 56 fils per <\/strong><strong>share <\/strong>for its earnings for FY2023, it said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/218.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- TECOM Group will pay AED 400 mn in dividends for 2H 2023<\/strong>, amounting to 8 fils per share, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/328.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The Group\u2019s total payout during 2023 amounts to AED 800 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Sukoon Ins. submits formal offer to acquire the remaining shares of <\/strong><strong>ASCANA: <\/strong><a target=\"_blank\" href=\"https:\/\/www.sukoon.com\/\" style=\"\" rel=\"noopener\">Sukoon Insurance<\/a> made a cash offer at AED 1.65 per share to acquire up to 6.95% of the issued and paid-up ordinary shares of the Arabian Scandinavian Ins. Company (ASCANA), according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/316.pdf\" style=\"\" rel=\"noopener\">formal offer submitted on the DFM<\/a>. If ASCANA\u2019s shareholders accept the offer, the total value of the transaction would amount to AED 17.6 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sukoon Insurance already owns a 93.1% stake in ASCANA, <\/strong>and our friends at Mashreq hold a 65.7% ownership in Sukoon Ins.\u2019s share capital.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89687\" 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=\"89687\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/05\/a-uae-latvia-business-council-in-the-works\/\">\r\n                            A UAE-Latvia business council in the works                        <\/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\/03\/05\/a-uae-latvia-business-council-in-the-works\/\" 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\/03\/05\/a-uae-latvia-business-council-in-the-works\/')\">\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\/03\/05\/a-uae-latvia-business-council-in-the-works\/\">\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 UAE-Latvia business council in the works&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/05\/a-uae-latvia-business-council-in-the-works\/\">\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\/03\/05\/a-uae-latvia-business-council-in-the-works\/&title=A UAE-Latvia business council in the works\">\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+UAE-Latvia+business+council+in+the+works+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F05%2Fa-uae-latvia-business-council-in-the-works%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\/03\/05\/a-uae-latvia-business-council-in-the-works\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/343.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89688\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/05\/a-uae-latvia-business-council-in-the-works\/343-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/343.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"343.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/343.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/343.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89687\" class=\"content-area-description single-story post-89687 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-uae tag-italy tag-latvia 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\/3\/.5dce7826-fb28-4278-b02e-151adbe9cf0a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FCCI + Latvia discuss joint business council:<\/strong> The UAE Federation of the Chambers of Commerce and Industry (FCCI) is exploring the establishment of a joint business council with Latvia to boost trade and investment ties, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b1z3i32-fcci-discusses-establishment-joint-business\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The proposed council is expected to facilitate cooperation, organize joint activities, and encourage mutual visits and participation in trade events.<\/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 DIPLO NEWS-<\/p>\n<ul>\n<li><strong>State Minister Noura Al Kaabi met with Italy\u2019s Undersecretary of State to the <\/strong><strong>Foreign Affairs<\/strong> Maria Tripodi to discuss ramping up bilateral cooperation in cultural, economic, and commercial fields. (<a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2024\/3\/4\/4-3-2024-uae-italy\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/italy\/\">Italy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/latvia\/\">Latvia<\/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=\"89689\" 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\/03\/05\/89689-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89689\" class=\"content-area-description single-story post-89689 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>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:700\">MARCH<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-7 March (Monday - Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/18thoneonone.efghermes.com\/\" style=\"\">EFG Hermes One on One conference<\/a><\/span><span style=\"font-weight:400;\">, JW Marriott Hotel Marina, 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;\">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>5-6 March (Tuesday-Wednesday): Federal Tax Authority\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/posts\/federal-tax-authority_fta-uaeabrtax-uae-activity-7170368600950738944-Pg5T\/?utm_source=share&utm_medium=member_desktop\" style=\"\">\u201cTax Support\u201d Initiative<\/a><\/span><span style=\"font-weight:400;\">, Al Barsha Mall, Dubai.<\/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;\">5-12 March (Tuesday-Tuesday): Subscription period for retail investors for Parkin\u2019s IPO.<\/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;\">5-13 March (Tuesday-Wednesday): Subscription period for institutional investors for Parkin\u2019s IPO.<\/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 March (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gulfnews.com\/uae\/women-in-leadership-breaking-barriers-and-shaping-the-future-1.101402247\" style=\"\">Future Women Leaders Forum 2024<\/a><\/span><span>,<\/span><span> Fairmont 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:400;\">21 March (Thursday): Parkin shares begin trading.<\/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\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>EFG Hermes 1x1 poll results. Parkin IPO subscription begins. S&#038;P bullish on GCC. New Nafis budget. Burjeel expands in KSA.<\/p>\n","protected":false},"featured_media":89673,"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-89672","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e676b29b-ce57-421b-a46d-1f82e43ad64a","teaser":"EFG Hermes 1x1 poll results. Parkin IPO subscription begins. S&P bullish on GCC. New Nafis budget. 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