{"id":89811,"date":"2024-03-08T05:00:00","date_gmt":"2024-03-08T05:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=89811"},"modified":"2025-12-14T23:42:32","modified_gmt":"2025-12-14T23:42:32","slug":"adq-taps-advisors-for-etihad-ipo","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/adq-taps-advisors-for-etihad-ipo\/","title":{"rendered":"ADQ taps advisors for Etihad IPO"},"content":{"rendered":"<section id=\"89813\" 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=\"89813\">\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\/08\/brace-for-a-stormy-weekend-ahead\/\">\r\n                            THIS MORNING: Biden\u2019s state of union address set to announce a temporary Gaza port project + brace for a stormy weekend ahead                        <\/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\/08\/brace-for-a-stormy-weekend-ahead\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The president also promised to personally cover any of the prisoners\u2019 outstanding fines and penalties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s no single big story here at home<\/strong><strong>this morning: <\/strong>We have a mixed bag of debt and investment news, updates on foreign bank taxation in Dubai, a new ombudsman unit to handle ins. complaints, and plenty of other tidbits worth noting.<\/p>\n<p class=\"tag-border-left\">PUBLIC SERVICE ANNOUNCEMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong> #1- Brace for more unstable weather this weekend:<\/strong> We\u2019re in for a weekend of extreme weather conditions with expected thunderstorms, hailstorms, lighting and heavy precipitation starting this evening and lasting until noon on Sunday, according to the <a target=\"_blank\" href=\"https:\/\/x.com\/NCEMAUAE\/status\/1765734966111973525?s=20\" style=\"\" rel=\"noopener\">National Emergency Crisis and Disaster Management Authority<\/a>. The authority <a target=\"_blank\" href=\"https:\/\/twitter.com\/NCEMAUAE\/status\/1765754138850201987\" style=\"\" rel=\"noopener\">advised<\/a> people to stay indoors and refrain from driving.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Ins. Authority introduced a new ins. tariff system for motor vehicles to impose a <\/strong><strong>cap on motor vehicle ins.<\/strong>, lowering premiums by AED 100-150, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/uae-announces-new-price-limits-for-car-insurance\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports, citing a source from an ins. firm. Its benefits include a replacement car during any repair period for the not-at-fault party in the case of a car accident, <\/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\"> <a id=\"wwtt2\"><\/a> <strong>#1- ADQ taps advisors for Etihad IPO:<\/strong> ADQ has chosen Citigroup, HSBC, First Abu Dhabi Bank as advisers for its prospective Etihad IPO, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-07\/abu-dhabi-said-to-tap-citi-hsbc-and-fab-for-etihad-airways-ipo?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people familiar with the matter. Alongside these potential appointments, Rothschild & Co. has been appointed as ADQ\u2019s independent financial advisor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>ADQ is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/uae\/15137683-1576-4c48-831e-f813656e222f\" style=\"\" rel=\"noopener\">considering listing Etihad<\/a> on the public market \u201cas soon as this year,\u201d with the specific timing and size of the offering still undecided. The business information service said ADQ is eyeing going after both a traditional IPO and direct listing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong><strong>The airline plans to hire 2k pilots, cabin crew, and mechanics this year<\/strong>, ahead of its move to expand its fleet by 15 planes in 2025, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/aviation\/etihad-airways-to-hire-2000-pilots-cabin-crew-mechanics-this-year\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. The ADQ-owned carrier reported a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/15137683-1576-4c48-831e-f813656e222f\/more-positive-2023-macro-figures\/11ec972a-8aa9-4463-852b-60fee6c2c2d0\" style=\"\" rel=\"noopener\">fivefold increase<\/a> in net income to AED 525 mn in 2023 as it looks to prepare for a potential IPO. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong> Dubai Taxi is planning to expand operations and acquire businesses in the \u201cnear future<\/strong>,\u201d Dubai Taxi CEO Mansoor Rahma Alfalasi said in an interview with <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/article\/61385\/%D8%AA%D8%A7%D9%83%D8%B3%D9%8A-%D8%AF%D8%A8%D9%8A-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%B5%D9%81%D9%82%D8%A7%D8%AA-%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D9%82%D8%A8%D9%84-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> at the EFG Hermes conference in Dubai. Ongoing studies for potential mergers are underway, with specific details yet to be disclosed, though Alfalasi says the company hopes to finalize the acquisitions by year-end. Dubai Taxi also plans to make all its vehicles hybrid in 2024, Alfalasi said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a><strong> #3-<\/strong><strong>Ewec invites bidders for a 400 MW battery storage project: <\/strong>Emirates Water and ElectricityCompany (<a target=\"_blank\" href=\"https:\/\/www.ewec.ae\/\" style=\"\" rel=\"noopener\">Ewec<\/a>) is inviting developers to submit an expression of interest for the development of a 400 MW battery energy storage project, according to a <a target=\"_blank\" href=\"https:\/\/www.ewec.ae\/en\/media\/press-release\/ewec-invites-expression-interest-submissions-development-battery-energy-storage\" style=\"\" rel=\"noopener\">press release<\/a>. Ewec aims to reduce carbon intensity from power generation by approximately 42% by 2030 and to increase its total solar power generation capacity to 7.5 GW by 2030. The deadline for submitting EOIs is 22 March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based startups saw the most investments in the MENA region<\/strong><strong>in February<\/strong>, with 22 startups raking in over USD 65 mn throughout the month, according to <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/ar\/2024\/03\/mena-startups-raised-88-7-million-february-2024\" style=\"\" rel=\"noopener\">Wamda<\/a>. This accounts for over 70% of the region\u2019s total funds, which saw USD 88.7 mn in 37 transactions. More than half of the figure \u2014 USD 35 mn \u2014 went to Dubai-based blockchain startup <a target=\"_blank\" href=\"https:\/\/flare.network\/\" style=\"\" rel=\"noopener\">Flare Network<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite that, the figure marks an 88% y-o-y decline<\/strong> in comparison to investments during February 2022.<\/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\"><strong>#1- Forbes\u2019 annual <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.forbes.com\/connect\/event\/2024-forbes-3050-summit-abu-dhabi?promo=PRPR1&tr=true\" style=\"\" rel=\"noopener\">30\/50 summit<\/a><\/strong><strong> wraps up today <\/strong>in Abu Dhabi. Meg Ryan and Shania Twain are among those headlining the event, which spotlights 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>#2- The Future Women Leaders Forum 2024 will take place today, in celebration of <\/strong><strong>International Women\u2019s Day<\/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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/abudhabi.triathlon.org\/#:~:text=Taking%20place%20on%208%2D9,and%20cycling%20races%3B%20and%20enjoy\" style=\"\" rel=\"noopener\">World Triathlon Championship Series 2024 Opening Race<\/a><\/strong><strong> also gets underway<\/strong><strong> today<\/strong>, runninguntil Saturday at Yas Marina Circuit on Yas Island. The event will feature athletic events for all ages, including events for people of determination. Check out the full schedule <a target=\"_blank\" href=\"http:\/\/abudhabi.triathlon.org\/enter\" style=\"\" rel=\"noopener\">here<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The UAE Powerboat Class 3 Championship continues today <\/strong>on Abu Dhabi Corniche, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/sport\/under-the-patronage-of-mohammed-bin-sultan-bin-khalifa-uae-powerboat-class-3-championship-to-take-place-in-abu-dhabi\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The three-day event welcomes local and international speedboat racing professionals before wrapping on Saturday.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"uae\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD is US President Joe Biden\u2019s state of the union address, which <\/strong><strong>kicked off shortly before we hit dispatch on this morning\u2019s issue<\/strong>.Israel\u2019s war on Gaza is expected to feature prominently in the address, with news outlets reporting that Biden will announce a \u201ctemporary\u201d port project on Gaza\u2019s shores to help funnel humanitarian aid by sea. The address comes a few days after Biden and former US President Donald Trump look to have <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/98fd7df8-7e83-42c6-a867-b40af8430539\" style=\"\" rel=\"noopener\">locked up<\/a> their parties\u2019 nominations on Super Tuesday. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/biden-announce-gaza-aid-port-construction-state-union-speech-2024-03-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/03\/07\/biden-state-of-the-union-address-to-lay-out-economic-vision-.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nbcnews.com\/politics\/white-house\/live-blog\/live-updates-state-union-biden-rcna140769\" style=\"\" rel=\"noopener\">NBC<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-hamas-war-news-03-07-24-5657eedc005040694a9ab935ce3e39e5\" 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\">\n<p class=\"tag-border-left\">CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.worldfutureenergysummit.com\/en-gb\/ecowaste.html\" style=\"\" rel=\"noopener\">EcoWASTE Exhibition and Forum<\/a><\/strong><strong> is set to take place between 16 to 18<\/strong><strong>April <\/strong>at the Abu Dhabi National Exhibition Centre as one of the six specialized verticals within the program of the <a target=\"_blank\" href=\"https:\/\/www.worldfutureenergysummit.com\/\" style=\"\" rel=\"noopener\">World Future Energy Summit<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/10th-ecowaste-exhibition-and-forum-to-create-blueprint-for-addressing-regions-waste-challenges-nvhf4hmn\" style=\"\" rel=\"noopener\">press release<\/a>. The event is organized by RX Middle East in partnership with <a target=\"_blank\" href=\"https:\/\/www.tadweer.ae\/\" style=\"\" rel=\"noopener\">Tadweer Group<\/a> to showcase the latest technologies in the field of waste management.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-taxi\/\">Dubai Taxi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etihad-airways\/\">Etihad Airways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ewec\/\">Ewec<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/insurance\/\">insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup\/\">startup<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/war-watch\/\">War Watch<\/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=\"89815\" 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=\"89815\">\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\">TAX<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/dubai-clarifies-foreign-bank-tax-levies-post-corporate-tax\/\">\r\n                            Dubai clarifies foreign bank tax levies post-corporate tax                        <\/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\/08\/dubai-clarifies-foreign-bank-tax-levies-post-corporate-tax\/\" 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\/08\/dubai-clarifies-foreign-bank-tax-levies-post-corporate-tax\/')\">\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\/08\/dubai-clarifies-foreign-bank-tax-levies-post-corporate-tax\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Dubai clarifies foreign bank tax levies post-corporate tax&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/dubai-clarifies-foreign-bank-tax-levies-post-corporate-tax\/\">\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\/08\/dubai-clarifies-foreign-bank-tax-levies-post-corporate-tax\/&title=Dubai clarifies foreign bank tax levies post-corporate tax\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Dubai+clarifies+foreign+bank+tax+levies+post-corporate+tax+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F08%2Fdubai-clarifies-foreign-bank-tax-levies-post-corporate-tax%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\/08\/dubai-clarifies-foreign-bank-tax-levies-post-corporate-tax\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89816\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/dubai-clarifies-foreign-bank-tax-levies-post-corporate-tax\/1602-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1602.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1602.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89815\" class=\"content-area-description single-story post-89815 post type-post status-publish format-standard has-post-thumbnail hentry category-tax tag-banking tag-dubai-international-finance-center tag-enterpriseam-uae tag-legislation tag-tax 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\/.815f8c36-2988-453b-9b42-a7c495772237.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai imposes 20% tax on foreign banks outside of DIFC:<\/strong> Vice President and Dubai's ruler Sheikh Mohammed bin Rashid al Maktoum has issued a new law levying a 20% annual tax on the income of all foreign banks operating in Dubai, with the exception of those operating in the Dubai International Finance Center (DIFC), according to an <a target=\"_blank\" href=\"https:\/\/x.com\/DXBMediaOffice\/status\/1765755976215339462?s=20\" style=\"\" rel=\"noopener\">X post<\/a> by the Dubai Media Office. The tax will also be levied on banks operating in special development and freezones, according to the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Critically: The 20% tax includes the 9% corporate tax which went into effect last year<\/strong>, and which marked the end of the UAE\u2019s no-tax status.<strong> <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The tax is not exactly new:<\/strong> Foreign banks have always been subject to a 20% tax, levied under separate emirate-level tax decrees, according to <a target=\"_blank\" href=\"https:\/\/taxsummaries.pwc.com\/united-arab-emirates\/corporate\/taxes-on-corporate-income\" style=\"\" rel=\"noopener\">PwC<\/a>. This is the first emirate-level decree to explicitly include other special economic zones and to clarify the interaction between the 9% corporate tax and the income tax levied on foreign banks that we\u2019ve heard of. <\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-international-finance-center\/\">Dubai International Finance Center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89817\" 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=\"89817\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/adnoc-eyes-more-lng-expansion\/\">\r\n                            Adnoc in talks for a potential LNG offtake agreement with US producer, eyes investment decision for Al Ruwais in 1H 2024                        <\/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\/08\/adnoc-eyes-more-lng-expansion\/\" 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\/08\/adnoc-eyes-more-lng-expansion\/')\">\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\/08\/adnoc-eyes-more-lng-expansion\/\">\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=Adnoc eyes more LNG expansion&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/adnoc-eyes-more-lng-expansion\/\">\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\/08\/adnoc-eyes-more-lng-expansion\/&title=Adnoc eyes more LNG expansion\">\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=Adnoc+eyes+more+LNG+expansion+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F08%2Fadnoc-eyes-more-lng-expansion%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\/08\/adnoc-eyes-more-lng-expansion\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2555.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89818\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/adnoc-eyes-more-lng-expansion\/2555-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2555.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2555.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2555.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2555.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89817\" class=\"content-area-description single-story post-89817 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-adnoc tag-energy tag-enterpriseam-uae tag-investment-watch tag-lng 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\/.41067826-f437-48ad-bc09-248cefaf6fa8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>More LNG for Adnoc? <\/strong>We have two pieces of news from Abu Dhabi National Oil Company (Adnoc) indicating an increasing interest in expanding liquefied natural gas (LNG) production and exports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Adnoc is <\/strong><strong>reportedly in talks over an offtake agreement from sustainable liquefied natural gas (LNG) producer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.next-decade.com\/\" style=\"\" rel=\"noopener\">NextDecade<\/a><\/strong> for the fourth unit of its USD 18 bn Rio Grande LNG facility in Texas, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/saudi-aramco-uaes-adnoc-talks-invest-us-lng-projects-sources-say-2024-03-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing sources who are familiar with the matter. It\u2019s not clear whether Adnoc is in talks for a sale and purchase agreement or an equity stake, or both, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc is not alone in eyeing US\u2019 LNG:<\/strong>Saudi Arabia\u2019s state-owned oil firm <a target=\"_blank\" href=\"https:\/\/www.aramco.com\/\" style=\"\" rel=\"noopener\">Aramco<\/a> is also eyeing an investment in the second phase of NextDecade\u2019s Texas Port Arthur project that could help expand the facility\u2019s operations by adding a second unit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The state-owned oil giant is planning to reach a final investment decision on its Ruwais liquified natural gas<\/strong><strong> (LNG) project in 1H 2024<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-07\/adnoc-aims-to-reach-investment-decision-on-new-lng-plant-by-june\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people it says are familiar with the plan. Adnoc is planning to use its own funds to expand production, the business information service said. The company plans to start exporting from the Ruwais site, which is set to double LNG export capacity, in 2028. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Adnoc recently inked agreements with <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-signs-first-long-term-lng-heads-of-agreement-from-ruwais-low-carbon-lng-project\" style=\"\" rel=\"noopener\">China's ENN Natural Gas<\/a> and <a target=\"_blank\" href=\"https:\/\/adnocgas.ae\/en\/news-and-media\/press-releases\/2024\/adnoc-gas-signs-lng-supply-agreement-with-gail-india-limited\" style=\"\" rel=\"noopener\">Gail India<\/a> for a supply of at least 1.5 mn metric tons per year of LNG from the new plant.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Adnoc has been ramping up LNG agreements:<\/strong> Adnoc inked LNG export agreements valued between USD 9.4-12 bn (AED 34.5-44 bn) in 2023,including a 14-year LNG supply agreement with the Indian Oil Corporation, a three-year agreement with Total Energies <a target=\"_blank\" href=\"https:\/\/adnocgas.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-gas-signs-3-year-lng-supply-agreement-with-totalenergies-gas-and-power\" style=\"\" rel=\"noopener\">in May<\/a> and a five-year agreement with Japan Petroleum Exploration <a target=\"_blank\" href=\"https:\/\/adnocgas.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-gas---japex---ar\" style=\"\" rel=\"noopener\">in July<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/lng\/\">LNG<\/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=\"89819 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=\"89819\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/89819-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89819\" class=\"content-area-description single-story post-89819 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=\"http:\/\/www.mashreq.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/386.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=\"89820\" 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=\"89820\">\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\">INS.<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/cbuae-launches-regions-first-ombudsman-unit\/\">\r\n                            CBUAE launches region\u2019s first ombudsman unit, Sanadak                        <\/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\/08\/cbuae-launches-regions-first-ombudsman-unit\/\" 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\/08\/cbuae-launches-regions-first-ombudsman-unit\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/cbuae-launches-regions-first-ombudsman-unit\/&title=CBUAE launches region\u2019s first ombudsman unit\">\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=CBUAE+launches+region%E2%80%99s+first+ombudsman+unit+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F08%2Fcbuae-launches-regions-first-ombudsman-unit%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\/08\/cbuae-launches-regions-first-ombudsman-unit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/673.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89821\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/cbuae-launches-regions-first-ombudsman-unit\/673-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/673.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"673.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/673.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/673.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89820\" class=\"content-area-description single-story post-89820 post type-post status-publish format-standard has-post-thumbnail hentry category-ins tag-banking tag-cbuae tag-enterpriseam-uae tag-ins tag-insurance 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\/.75e2c2e7-8a9e-4832-bf1a-67cbfac6a53f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Consumers can now file complaints against ins. companies and banks via the Central Bank\u2019s (CBUAE) new ombudsman unit,<\/strong><strong><a target=\"_blank\" href=\"https:\/\/sanadak.gov.ae\/\" style=\"\" rel=\"noopener\">Sanadak<\/a><\/strong>, the CBUAE said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/672.pdf\" style=\"\" rel=\"noopener\">statement<\/a>. Sanadak will take over consumer complaint handling from the CBUAE\u2019s Consumer Protection Department and Ins. Dispute Resolution Committee. The new unit aims to reduce the need of taking claims to court, the statement said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it works:<\/strong> Consumers can submit their complaints via Sanadak's website or mobile application, while people with disabilities and senior citizens can also submit complaints through Sanadak Contact Centre, or in person at the Abu Dhabi office.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expediting the complaint process:<\/strong> Consumers were required to first lodge a complaint with their bank, and only after 30 calendar days or if they were dissatisfied with the outcome could they escalate the complaint to the CBUAE\u2019s Consumer Protection Department, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/money\/2024\/03\/07\/uaes-new-financial-ombudsman-to-oversee-consumer-complaints\/\" style=\"\" rel=\"noopener\">The National<\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cbuae\/\">CBUAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ins\/\">Ins.<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/insurance\/\">insurance<\/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=\"89822\" 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=\"89822\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/dp-world-is-close-to-securing-a-usd-422-mn-facility-from-indian-banks\/\">\r\n                            DP World is close to securing a USD 422 mn facility from Indian banks                        <\/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\/08\/dp-world-is-close-to-securing-a-usd-422-mn-facility-from-indian-banks\/\" 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\/08\/dp-world-is-close-to-securing-a-usd-422-mn-facility-from-indian-banks\/')\">\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\/08\/dp-world-is-close-to-securing-a-usd-422-mn-facility-from-indian-banks\/\">\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=DP World is close to securing a USD 422 mn facility from Indian banks&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/dp-world-is-close-to-securing-a-usd-422-mn-facility-from-indian-banks\/\">\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\/08\/dp-world-is-close-to-securing-a-usd-422-mn-facility-from-indian-banks\/&title=DP World is close to securing a USD 422 mn facility from Indian banks\">\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=DP+World+is+close+to+securing+a+USD+422+mn+facility+from+Indian+banks+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F08%2Fdp-world-is-close-to-securing-a-usd-422-mn-facility-from-indian-banks%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\/08\/dp-world-is-close-to-securing-a-usd-422-mn-facility-from-indian-banks\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2163.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89823\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/dp-world-is-close-to-securing-a-usd-422-mn-facility-from-indian-banks\/2163-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2163.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2163.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2163.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2163.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89822\" class=\"content-area-description single-story post-89822 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-dp-world tag-enterpriseam-uae tag-india 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\/.8edfc7ba-c7dc-4c3a-a0c6-a52f52d4e7ab.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Port operator DP World is reportedly finalizing a USD 422 mn (c. AED 1.55 <\/strong><strong>bn) facility for the <\/strong><strong>construction of the mega container terminal at Kandla, Gujarat<\/strong>, according to an Economic Times report picked up by <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/transport-and-logistics\/dp-world-secures-422mln-funding-for-indias-mega-container-terminal-report-w7s4bsda\" style=\"\" rel=\"noopener\">Zawya<\/a> citing sources familiar with the matter. The financing will come from the National Bank for Financing Infrastructure and Development (<a target=\"_blank\" href=\"https:\/\/www.nabfid.org\/\" style=\"\" rel=\"noopener\">NaBFID<\/a>) and <a target=\"_blank\" href=\"https:\/\/www.axisbank.com\/\" style=\"\" rel=\"noopener\">Axis Bank<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> NaBFID and Axis Bank will provide a term loan facility of INR 17.5 bn (c. AED 777 mn) each. Axis Bank will provide an additional INR 1.4 bn (c. AED 62 mn) guarantee facility and an INR 1.5 bn (c. AED 66 mn) bn as a hedge facility, Zawya adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What was said:<\/strong> \u201cDP World has received confirmation from NaBFID and Axis Bank to fund the project,\u201d according to a Ministry of Ports, Shipping, and Waterways official overseeing Deendayal Port Authority. \u201cDP World will be signing the loan agreement with the banks soon,\u201d he stated.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong>DP World and India\u2019s Deendayal Port Authority (DPA) signed a concession agreement for the mega container terminal at Kandla, Gujarat <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2edc0560-c47d-4257-b3e8-de249326498f\" style=\"\" rel=\"noopener\">back in August<\/a>. The agreement \u2014 valued at USD 510 mn \u2014 involves the operation, development, and maintenance of the new terminal through a 30-year public-private partnership. The mega-container terminal will be completed by 2027, with an annual capacity of 2.2 mn TEUs.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/india\/\">India<\/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=\"89824\" 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=\"89824\">\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\">KUDOS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/adnoc-group-khalifa-university-snag-sustainability-prize\/\">\r\n                            Adnoc group + Khalifa University snag sustainability prize in Oil &amp; Gas Middle East award                        <\/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\" 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/adnoc-group-khalifa-university-snag-sustainability-prize\/&title=Adnoc group + Khalifa University snag sustainability prize\">\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=Adnoc+group+%2B+Khalifa+University+snag+sustainability+prize+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F08%2Fadnoc-group-khalifa-university-snag-sustainability-prize%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\/08\/adnoc-group-khalifa-university-snag-sustainability-prize\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89825\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/adnoc-group-khalifa-university-snag-sustainability-prize\/1853-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1853.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1853.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89824\" class=\"content-area-description single-story post-89824 post type-post status-publish format-standard has-post-thumbnail hentry category-kudos tag-adnoc tag-customs tag-enterpriseam-uae tag-etihad-airways tag-kudos 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\/.227ede1c-4563-427f-83b5-f4269858c48c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Adnoc Group saw its sustainable aviation fuel (SAF) production team bag the <\/strong><strong>sustainability initiative of the year award<\/strong> during the Oil & Gas Middle East Awards, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/adnocgroup_middle-east-oil-gas-awards-activity-7170328535151198208-rVtu\/?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">statement<\/a>. A joint initiative with Khalifa University, that utilizes AI-powered vision-based flare analytics to curb methane emissions, was also recognized as the technology innovation of the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The General Administration of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adcustoms.gov.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Customs<\/a><\/strong><strong>has nabbed the<\/strong><strong>2024<\/strong><strong> \u201cGame-Changer in Sustainability and Technology\u201d award<\/strong>in the cargo security category at the Transport & Logistics Middle East awards ceremony, according to a <a target=\"_blank\" href=\"https:\/\/www.adcustoms.gov.ae\/Media-Centre\/News\/Abu-Dhabi-Customs-wins-the-Game-Changer-award-in-cargo-security\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.etihadcargo.com\/en\" style=\"\" rel=\"noopener\">Etihad Cargo<\/a><\/strong> was named \u201c<strong>Cargo Airline of the Year<\/strong>\u201d <strong>and <\/strong>\u201c<strong>Air Cargo Pharma<\/strong><strong> Service of the Year<\/strong>\u201d at the <strong>Aviation Achievement Awards<\/strong>, hosted by MEA Business Magazine, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/etihad-cargo_etihadcargo-aircargo-airfreight-activity-7169242440640413696-47Mf\/?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">statement<\/a>). <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/customs\/\">Customs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etihad-airways\/\">Etihad Airways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kudos\/\">KUDOS<\/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=\"89826\" 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=\"89826\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/commercial-bank-of-dubai-appoints-ahmad-julfar-as-chairman\/\">\r\n                            Commercial Bank of Dubai appoints new chairman and deputy chairman                        <\/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\/08\/commercial-bank-of-dubai-appoints-ahmad-julfar-as-chairman\/\" 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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Julfar joined the bank\u2019s board in March 2018 while serving as director of Emirates Integrated Telecommunications Company (du), following his tenure as group CEO of Etisalat and various other leadership roles, according to the bank\u2019s <a target=\"_blank\" href=\"https:\/\/www.cbd.ae\/wholesale\/about-cbd\/corporate-governance\/cbd-board-of-directors\/mr-ahmad-abdulkarim-julfar\" style=\"\" rel=\"noopener\">website<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Binbyat serves as founding chairman and CEO of Zaina Investments and vice chairman of Dubai Chamber of Digital Economy, <\/strong>according to CBD\u2019s <a target=\"_blank\" href=\"https:\/\/www.cbd.ae\/wholesale\/about-cbd\/corporate-governance\/nominees-for-board-of-directors-membership\/ahmad-abdulla-juma-binbyat\" style=\"\" rel=\"noopener\">website<\/a>. He was also the founding chairman of du. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Deputy Ruler of Abu Dhabi Sheikh Mohammed bin Hamdan bin Zayed Al Nahyan <\/strong>appointed <strong>Sheikh Hazza bin Zayed Al Nahyan<\/strong>as<strong> u<\/strong><strong>ndersecretary <\/strong>for his office, according to an Abu Dhabi Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/government-affairs\/hazza-bin-zayed-issues-resolution-appointing-mohammed-bin-hamdan-bin-zayed-as-undersecretary-for-the-office-of-the-deputy-ruler-of-abu-dhabi\/\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/commercial-bank-of-dubai\/\">Commercial Bank of Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89828\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div 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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/abu-dhabi-continues-to-snag-asset-managers-away-from-previous-finance-hotspots\/\">\r\n                            Brevan Howard\u2019s Abu Dhabi office now runs nearly a third of its assets                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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snag asset managers away from previous finance hotspots\">\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=Abu+Dhabi+continues+to+snag+asset+managers+away+from+previous+finance+hotspots+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F08%2Fabu-dhabi-continues-to-snag-asset-managers-away-from-previous-finance-hotspots%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\/08\/abu-dhabi-continues-to-snag-asset-managers-away-from-previous-finance-hotspots\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/695.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89830\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/abu-dhabi-continues-to-snag-asset-managers-away-from-previous-finance-hotspots\/695-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/695.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"695.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/695.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/695.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89829\" class=\"content-area-description single-story post-89829 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-egypt tag-enterpriseam-uae tag-imf tag-saudi-arabia tag-uae tag-uae-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.b2383c50-9562-47b7-8827-5bb2563c7142.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brevan Howard runs almost third of its assets from Abu Dhabi:<\/strong> Investment firm <a target=\"_blank\" href=\"https:\/\/www.brevanhoward.com\/\" style=\"\" rel=\"noopener\">Brevan<\/a><a target=\"_blank\" href=\"https:\/\/www.brevanhoward.com\/\" style=\"\" rel=\"noopener\">Howard<\/a> now manages a third of its assets \u2014 some USD 10 bn \u2014 from its newly established office in the Abu Dhabi Global Market, more than it manages from its London or New York offices, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-07\/brevan-howard-builds-abu-dhabi-outpost-into-a-10-billion-hub\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people in the know. Inaugurated in February, the asset manager\u2019s office now comprises 80 people, with plans for an additional floor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also getting some ink:<\/strong>The UAE\u2019s USD 35 bn investment in Egypt\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dbe49f21-fe72-4a60-a400-bfa1be504934\/ADQ-to-invest-USD-35-in-Egyptian-coastal-area-development\" style=\"\" rel=\"noopener\">Ras El Hekma<\/a> has fueled talks between Saudi and Egyptian officials for a separate land investment, after Egypt also secured an USD 8 bn rescue package from the International Monetary Fund, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-07\/egypt-at-centre-of-gulf-power-play-as-saudi-arabia-uae-weigh-investments?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> writes. <\/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\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-in-the-news\/\">UAE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89831\" 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=\"89831\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/infini-capital-to-manage-adgm-asian-hedge-fund\/\">\r\n                            Infini Capital to manage Asian hedge fund + new hangar in MBRAH                        <\/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\/08\/infini-capital-to-manage-adgm-asian-hedge-fund\/\" 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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This would make Infini Capital the first firm to manage an Asian hedge fund in the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company is also launching a new office in ADGM<\/strong>, which will encompass portfolio management, trading, risk, compliance, and investor relations. <\/p>\n<p class=\"tag-border-left\"> AVIATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- MBRAH, Tim Aerospace kick off construction on MRO hangar:<\/strong> The Mohammed binRashid Aerospace Hub and aircraft maintenance company <a target=\"_blank\" href=\"https:\/\/timaerospace.com\/\" style=\"\" rel=\"noopener\">Tim Aerospace<\/a> started construction on their new hangar at Dubai South, reports state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b20vsez-mohammed-bin-rashid-aerospace-hub-tim-aerospace\" style=\"\" rel=\"noopener\">Wam<\/a>. The project is expected to be one of the largest wide-body aircraft MRO hangars in the GCC, and is scheduled for completion by 2025. The hangar has the capacity to service up to five aircraft of any type, minus the Airbus A-380.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The aerospace hub originally inked an agreement with <a target=\"_blank\" href=\"https:\/\/tim-investment.com\/\" style=\"\" rel=\"noopener\">Tim Investment<\/a> back in <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2023\/July\/11-06\/Mohammed-bin-Rashid-aerospace-hub-signs-agreement\" style=\"\" rel=\"noopener\">July 2023<\/a> to launch an MRO hangar at Dubai South catering to wide-body aircraft.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.emirates.com\/\" style=\"\" rel=\"noopener\">Emirates Airlines<\/a><\/strong><strong> passengers will be able to fly to domestic cities in Italy and <\/strong><strong>wider Europe from Rome<\/strong>, after the airline expanded its interline with Italian flag carrier <a target=\"_blank\" href=\"https:\/\/www.ita-airways.com\/en_eg\" style=\"\" rel=\"noopener\">ITA Airways<\/a> to a full codeshare partnership, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/March\/07-03\/Emirates-and-ITA-Airways\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The codeshare will add one-stop connections to popular European cities from Emirates\u2019 gateway in Rome, pending regulatory approval.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still to come: <\/strong>At a later stage, the codeshare will offer customers combined ticketing, seamless baggage transfers, and reciprocal loyalty benefits on both airlines' frequent flyer programs. It will also support inbound visitation to Italian points from various regions across the Emirates network, besides Rome and Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Emirates also inked agreements with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.icelandair.com\/\" style=\"\" rel=\"noopener\">Iceland Air<\/a><\/strong><strong> and travel technology<\/strong><strong> specialist <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.go7.io\/\" style=\"\" rel=\"noopener\">GO7<\/a><\/strong><strong> to boost cooperation<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.emirates.com\/media-centre\/emirates-signs-mous-with-icelandair-and-go7-with-plans-to-develop-deeper-cooperation\/\" style=\"\" rel=\"noopener\">statement<\/a>. The first agreement will see a reciprocal codeshare partnership between Emirates and Iceland Air, offering passengers traveling via Emirates gateways in Europe access to Reykjavik in an initial phase, and more destinations at a later stage. As part of the second agreement, Emirates will use GO7\u2019s resources to provide combined interline and rail tickets through direct and indirect channels.<\/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>Binghatti Holding has listed its USD 300 mn sukuk on Nasdaq Dubai<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b20vstk-nasdaq-dubai-welcomes-300-debut-sukuk-listing\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Dubai developer Binghatti\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/uae\/d74ddd89-5e2c-41d2-b86d-b902af8a9582\" style=\"\" rel=\"noopener\">inaugural USD 300 mn<\/a>, three-year sukuk issuance saw strong demand, with investors placing USD 621 mn in orders. The listing, which received significant interest from investors worldwide, was 2.1x oversubscribed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Dubai luxury developer Binghatti <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5678bac2-57d4-4390-808c-890160d5fe16\" style=\"\" rel=\"noopener\">plans to invest<\/a><\/strong><strong> AED 30 bn in real estate over the next two years<\/strong>, with a focus on the UAE, Binghatti Vice Chairman Ahmed Binghatti said recently. <\/p>\n<p class=\"tag-border-left\"> INVESTMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A Saudi-Emirati consortium is funding a new commercial and residential project in <\/strong><strong>Egypt: <\/strong>Egypt\u2019s Sovereign fund-owned Nilus Hotel and Commercial Services and Nilus Residential Services <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/57bdc01b-b73d-4465-a697-94b01c258ae2\/it%25e2%2580%2599s-morning-again-in-egypt-as-officials-float-currency,-sign-up-for-imf-program\" style=\"\" rel=\"noopener\">obtained Egypt\u2019s approval<\/a> to build two commercial and residential towers on the National Democratic Party\u2019s former headquarters on the banks of the river Nile in downtown Cairo, according to a decision published in Egypt\u2019s Official Gazette. The USD 5 bn projects are due for completion in 2Q 2028. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> A consortium comprising Emirati construction company Al Shafar Group and Saudi Egyptian Developers reportedly funded the project by increasing the capital of Nilus Hotel and Commercial Services and Nilus Residential Services, <a target=\"_blank\" href=\"https:\/\/bit.ly\/3Tp2sCc\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reported last September, citing three sources in the know, without clarifying the exact size of the increase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zeroe<\/strong><strong> gets seed funding boost from Voyagers: <\/strong>Climate tech company <a target=\"_blank\" href=\"https:\/\/zeroe.io\/\" style=\"\" rel=\"noopener\">Zeroe<\/a> has secured a seed funding boost from the <a target=\"_blank\" href=\"https:\/\/voyagers.io\/climate-fund\/\" style=\"\" rel=\"noopener\">Voyagers ClimateTech Fund<\/a> taking its total raise to USD 2.3 mn, <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2024\/03\/zeroe-secures-seed-investment-boost-pushing-total-funding-2-3-million\" style=\"\" rel=\"noopener\">Wamda<\/a> reports. The startup <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c2112387-bd36-4611-867a-a7fe1c7e8761\" style=\"\" rel=\"noopener\">secured USD 2.2 mn<\/a> in seed funding in November, in a round solely led by Indonesian investor Owen Rahadiyan. The funds will be used to support the company\u2019s expansion plans in MENA and Southeast Asia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the startup:<\/strong> Established in 2022, Zeroe is a software platform designed to accelerate corporate decarbonization by automating the process of carbon accounting and facilitate easier access to capital for decarbonization efforts.<\/p>\n<p class=\"tag-border-left\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.rakpolice.gov.ae\/\" style=\"\" rel=\"noopener\">Ras Al Khaimah (RAK) Police<\/a><\/strong><strong> will use <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.g42.ai\/\" style=\"\" rel=\"noopener\">G42<\/a><\/strong><strong>-owned company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.presight.ai\/\" style=\"\" rel=\"noopener\">Presight<\/a><\/strong><strong>\u2019s big data <\/strong><strong>analytics and AI to ramp up public safety<\/strong>, after the two inked an MoU on the sidelines of the World Police Summit in Dubai, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/654.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The agreement will also see RAK Police train its staff on AI, and use Presights tech and analytics services for digital decision making. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Africa Legal Tech, an online platform connecting clients with lawyers, will set up shop in<\/strong><strong> Duba<\/strong><strong>i<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/dubai-international-chamber-attracts-south-african-legal-technology-firm-to-dubai-and-supports-its-expansion-from-the-emirate-y656xi1p\" style=\"\" rel=\"noopener\">press release<\/a>. The company is planning to expand its operations and wants to initiate a funding round in Dubai this year. <\/p>\n<p class=\"tag-border-left\">CRYPTO- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Digital asset manager Nexo receives green light from VARA:<\/strong> Crypto platform <a target=\"_blank\" href=\"https:\/\/nexo.com\/\" style=\"\" rel=\"noopener\">Nexo<\/a> received initial approval from Dubai\u2019s <a target=\"_blank\" href=\"https:\/\/www.vara.ae\/en\/\" style=\"\" rel=\"noopener\">Virtual Assets Regulatory Authority<\/a> to operate its Dubai arm, Nexo Services, in the emirate, according to a <a target=\"_blank\" href=\"https:\/\/nexo.com\/media-center\/nexo-dubai-entity-receives-initial-approval-from-dubai-virtual-assets-regulatory-authority-vara\" style=\"\" rel=\"noopener\">press release<\/a>. \u201cFrom the UAE, the global leader for vision, governance, and innovation, Nexo aims to contribute to the regional ecosystem through pioneering lending, brokerage, management, and investment solutions,\u201d said Nexo co-founder, CFO, and managing partner, Kalin Metodiev.<\/p>\n<p class=\"tag-border-left\">BANKING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>First Abu Dhabi Bank (<\/strong><strong><a target=\"_blank\" href=\"http:\/\/www.bankfab.com\/en-ae\/personal\" style=\"\" rel=\"noopener\">FAB<\/a><\/strong><strong>) inked a long-term global partnership agreement with<\/strong><strong> Mastercard<\/strong>to boost digital payments and AI integration in the UAE, Saudi Arabia, Oman, and Egypt, Mastercard said in a <a target=\"_blank\" href=\"https:\/\/www.mastercard.com\/news\/eemea\/en\/newsroom\/press-releases\/press-releases\/en\/2024\/march\/mastercard-and-first-abu-dhabi-bank-ink-exclusive-long-term-global-partnership-to-redefine-the-region-s-payments-landscape\/\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\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>Dubai launches AED 1 bn educational endowment fund:<\/strong> Dubai\u2019s government hasset up an AED 1 bn endowment fund aimed at improving education worldwide, Dubai ruler Mohammed bin Rashid Al Maktoum said on <a target=\"_blank\" href=\"https:\/\/x.com\/HHShkMohd\/status\/1764620880636723512?s=20\" style=\"\" rel=\"noopener\">X (watch, runtime 1:32)<\/a>. The fund is launched under the Mothers\u2019 Endowment campaign, allowing individuals to donate to the fund in their mothers\u2019 names.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Defense Ministry and Masdar forged a partnership to develop multiple solar<\/strong><strong>plants across Abu Dhabi<\/strong>, with Masdar-EDF Group JV <a target=\"_blank\" href=\"https:\/\/emerge-energy.com\/\" style=\"\" rel=\"noopener\">Emerge Energy<\/a> providing a full turnkey solution for the projects, covering finance, design procurement, construction, operations, and maintenance for 25 years, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/uae-ministry-of-defence-and-masdar-sign-partnership-agreement-to-develop-multi-solar-plants-across-abu-dhabi-by3nxj3s\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p class=\"tag-border-left\">MANUFACTURING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADU project plans to make more affordable cochlear implants: <\/strong>A new initiative by <a target=\"_blank\" href=\"https:\/\/www.adu.ac.ae\/\" style=\"\" rel=\"noopener\">Abu<\/a> <strong><a target=\"_blank\" href=\"https:\/\/www.adu.ac.ae\/\" style=\"\" rel=\"noopener\"><\/a><\/strong><a target=\"_blank\" href=\"https:\/\/www.adu.ac.ae\/\" style=\"\" rel=\"noopener\">Dhabi University<\/a> and Swiss tech company Neubio, dubbed \u201cUAE Hears the World,\u201d looks to locally manufacture cochlear implant devices at more affordable prices, reports <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/uae\/2024\/03\/07\/abu-dhabi-university-teams-up-with-swiss-company-to-make-cheaper-ear-implants\/\" style=\"\" rel=\"noopener\">The Nationa<\/a><a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/uae\/2024\/03\/07\/abu-dhabi-university-teams-up-with-swiss-company-to-make-cheaper-ear-implants\/\" style=\"\" rel=\"noopener\">l<\/a>. The implants will be priced at USD 10-12k, against global prices ranging from USD 27-68k. ADU and Neubio will donate 50 electric-free hearing aids to UAE-based organizations ahead of Ramadan, with plans to make them first available to Emiratis, and residents at a later stage.<\/p>\n<p><i>**This story was amended to reflect the correct name for Infini Capital on 3 March, 2024. An older version of the story had erroneously referred to it as Infinity Capital.&nbsp;<\/i><\/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\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-airlines\/\">Emirates Airlines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fab\/\">FAB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/virtual-assets-regulatory-authority\/\">Virtual Assets Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89833\" 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=\"89833\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/markets-rally-on-hopes-of-a-june-rate-cut\/\">\r\n                            Markets rally on hopes of a June rate cut                        <\/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\/08\/markets-rally-on-hopes-of-a-june-rate-cut\/\" 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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Powell\u2019s remarks helped spur investor confidence in a potential June rate cut, leading to a rally in the S&P 500 that led to a record closing high yesterday, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/nasdaq-sp-500-futures-inch-up-ahead-more-economic-data-powell-testimony-2024-03-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> writes. The Nasdaq also hit an intraday record high and narrowly missed a closing high, settling up 1.5%. <\/p>\n<p><a target=\"_blank\" id=\"t.488aac1475566633d82fca1aa70226daa531908d\" 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-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>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\">9,225<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.0% (YTD: -3.7%)<\/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>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\">4,236<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +4.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,693<\/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: -3.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.1% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.3% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,577<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +5.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">31,300<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+5.2% (YTD: 25.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,157<\/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: +8.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,692<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: -0.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,974<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.2% (YTD: +10.0%)<\/p>\n<\/td>\n<\/tr>\n<tr style=\"\">\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:50.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/markets\/commodities?sref=mmeFTDW1\" style=\"\" rel=\"noopener\">Brent crude<\/a><\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 82.96<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 1.89<\/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\">-1.16%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,169.60<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.20%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.coindesk.com\/price\/bitcoin\" style=\"\" rel=\"noopener\">BTC<\/a><\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 66,885.58<\/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\">+1.01% (YTD: +58.91%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM fell 0.3% yesterday<\/strong> on turnover of AED 305.6 mn. The index is up 4.4% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Ithmaar Holding (+14.9%), Orascom Construction (+7.0%) and Ajman Bank (+4.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>National International Holding Company (-10.0%), Al Salam Sudan (-9.9%) and Dubai Islamic Bank (-8.0%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index stayed flat, on turnover of AED 947.2 mn. Meanwhile Nasdaq Dubai closed down 0.1%.<\/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- Our friends<\/strong><strong>at Mashreq approved a dividend payout of AED 3.71 bn for 2023<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/678.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The dividends amount to AED 18.5 per share, representing 185% of the paid-up capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Commercial Bank of Dubai (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cbd.ae\/\" style=\"\" rel=\"noopener\">CBD<\/a><\/strong><strong>) approved a dividend payout of AED 1.32 bn for <\/strong><strong>2023<\/strong> during its annual general meeting, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/653.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong><strong>Abu Dhabi Aviation\u2019s board proposed a dividend payout of AED 111.2 mn <\/strong><strong>for 2023<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/662.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The company will make the final decision in its upcoming annual general meeting on 16 April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ajmanmarkets.ae\/\" style=\"\" rel=\"noopener\">Ajman Markets Cooperative Society<\/a><\/strong><strong> approved the distribution of 15% dividends <\/strong>toshareholders for 2023, <a target=\"_blank\" href=\"https:\/\/www.alkhaleej.ae\/2024-03-07\/%D8%AA%D8%B9%D8%A7%D9%88%D9%86%D9%8A%D8%A9-%D8%B9%D8%AC%D9%85%D8%A7%D9%86-%D8%AA%D9%88%D8%B2%D8%B9-15-%D9%86%D9%82%D8%AF%D8%A7%D9%8B-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D9%85%D8%B3%D8%A7%D9%87%D9%85%D9%8A%D9%86\/%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 company\u2019s total revenue reached AED 146.3 mn, with the shareholder count rising to 3.6k compared to the previous year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5-<\/strong><strong>Healthcare services provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/burjeelholdings.com\/\" style=\"\" rel=\"noopener\">Burjeel Holdings<\/a><\/strong><strong>\u2019 board agreed to pay AED 65 mn in <\/strong><strong>dividends<\/strong> to its shareholders for its 2H 2023 earnings, equivalent to 12.5% of its share capital, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/657.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>#6- Gulf Medical Projects\u2019s board approved a dividend payout of AED 69.9 mn for 2023<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/675.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>#7-<\/strong><strong>Dubai Investments\u2019 board approved a dividend payout of AED 531.5 mn for 2023<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/676.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cbd\/\">CBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/corporate-actions\/\">corporate actions<\/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=\"89835\" 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=\"89835\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/uae-economic-forums-with-japan-switzerland-explore-boosting-economic-and-trade-ties\/\">\r\n                            UAE economic forums with Japan, Switzerland explore boosting economic and trade ties                        <\/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\/08\/uae-economic-forums-with-japan-switzerland-explore-boosting-economic-and-trade-ties\/\" 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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During the visit, Al Zeyoudi met with Swiss Economic Affairs Minister Helene Budliger Artieda in Bern, where they launched the Swiss-UAE Economic Forum, which brought together Emirati and Swiss investors to explore potential investments in both nations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gov\u2019t to partner with pharma giant Novartis? <\/strong>The delegation discussed potential partnerships between the newly launched Emirates Drug Establishment and Swiss pharma firm Novartis during a visit to the company\u2019s headquarters.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE, Japan talk explore economic, energy cooperation: <\/strong>The <a target=\"_blank\" href=\"https:\/\/added.gov.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Department of Economic<\/a><a target=\"_blank\" href=\"https:\/\/added.gov.ae\/\" style=\"\" rel=\"noopener\">Development<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.jccme.or.jp\/english\/\" style=\"\" rel=\"noopener\">Japan Cooperation Center for the Middle East<\/a> discussed expanding and diversifying economic relations via the Japan-UAE Innovation Partnership at the latest Abu Dhabi-Japan Economic Council in Abu Dhabi, reports <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b20vsqf-abu-dhabi-japan-economic-council-supports-energy\" style=\"\" rel=\"noopener\">Wam<\/a>. The meeting focused on marking off sustainable development goals in fields including energy, green innovation, education, and human resources development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fast fact:<\/strong> Japan is the UAE\u2019s third largest trading partner, with total trade volume exceeding USD 38.2 bn in 10M 2023. The countries inked over 20 agreements in July 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OTHER DIPLOMACY NEWS-<\/p>\n<ul>\n<li><strong>State Minister for Financial Affairs<\/strong>, Mohammed bin Hadi Al Husseini, held a meeting with Amina Mohammed, the <strong>Deputy Secretary-General of the United Nations<\/strong>, to discuss the importance of <strong>international collaboration<\/strong> in achieving <strong>sustainability goals<\/strong> and potential areas for <strong>mutual cooperation<\/strong>. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MOFUAE\/posts\/pfbid024EHWbnVGpkHbszp4wYi7dKkMActqE4PpVRXBPtJyvgiKgcv5fs4DY2kMLWBt62k8l\" 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\/japan\/\">Japan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/switzerland\/\">Switzerland<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/united-nations\/\">United Nations<\/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=\"89837\" 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\/08\/89837-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89837\" class=\"content-area-description single-story post-89837 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\">MARCH<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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>7-9 March (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/sport\/under-the-patronage-of-mohammed-bin-sultan-bin-khalifa-uae-powerboat-class-3-championship-to-take-place-in-abu-dhabi\/\" style=\"\">UAE Powerboat Class 3 Championship<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi Corniche.<\/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 style=\"font-weight:400;\">, 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;\">11 March (Monday): Dubai\u2019s PMI figures are out. <\/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>16-18 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfutureenergysummit.com\/en-gb\/ecowaste.html\" style=\"\">EcoWASTE Exhibition and Forum<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Centre <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span 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>CBUE launches ombudsman unit | Foreign banks outside of DIFC to pay 20% tax | Adnoc eyes LNG expansion<\/p>\n","protected":false},"featured_media":89812,"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-89811","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f1d84d84-d6ac-4c26-a88a-3e5e8e64fb50","teaser":"CBUE launches ombudsman unit | Foreign banks outside of DIFC to pay 20% tax | Adnoc eyes LNG 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