{"id":89956,"date":"2024-03-13T04:45:00","date_gmt":"2024-03-13T04:45:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=89956"},"modified":"2025-12-14T23:44:53","modified_gmt":"2025-12-14T23:44:53","slug":"more-love-for-private-credit","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/more-love-for-private-credit\/","title":{"rendered":"More love for private credit"},"content":{"rendered":"<section id=\"89958\" 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=\"89958\">\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\/13\/parkin-ups-retail-portion-of-ipo-on-exceptional-demand\/\">\r\n                            THIS MORNING: Parkin ups retail portion of IPO on \u201cexceptional\u201d demand                        <\/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\/13\/parkin-ups-retail-portion-of-ipo-on-exceptional-demand\/\" 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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Fajr prayers are at 5:13am in Dubai and 5:17am in Abu Dhabi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Leading this morning\u2019s news well: <\/strong>Abu Dhabi Investment Authority\u2019s latest investment in private credit and an update on Adnoc\u2019s Ruwais LNG project. Plus: Air taxis between Dubai and Abu Dhabi could be coming next year.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>The institutional subscription period for car parking space manager Parkin\u2019s IPO wraps toda<\/strong><strong>y<\/strong>. The retail portion of the IPO closed yesterday after the company upped the retail portion of the offering to 12%, up from 10%, on the back of an \u201cexceptional level of oversubscription and demand\u201d from retail investors, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1131.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>.The final share price will be disclosed tomorrow, after which Parkin\u2019s shares will start trading next Thursday, 21 March under the ticker PARKN.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong> The Dubai Investment Fund is selling a 25% stake in Parkin, with books <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3d0627a6-e4c8-4c4e-9074-80431552f4a9\" style=\"\" rel=\"noopener\">covered<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3d0627a6-e4c8-4c4e-9074-80431552f4a9\" style=\"\" rel=\"noopener\">within minutes<\/a> after the book building process kicked off last week, setting it up to raise up to AED 1.57 bn from the listing. <\/p>\n<p class=\"tag-border-left\">HAPPENING <strong>THIS WEEK<\/strong><strong>-<\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sharjah\u2019s proposed new real estate law will be on the agenda for the Sharjah <\/strong><strong>Consultative Council when it meets tomorrow<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/ar\/Articles\/2024\/03\/11\/aa6\" style=\"\" rel=\"noopener\">Sharjah24<\/a> reports. The bill, which was proposed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/04dc4aee-d9d7-4741-aa15-499c682aea1b\" style=\"\" rel=\"noopener\">last month<\/a>, would introduce rental regulations and streamline government procedures for rentals in the emirate, as well as establish a center for resolving rental disputes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a><strong> #1- Dubai-based messaging app Telegram is mulling an initial public offering as it <\/strong><strong>expects to hit profitability this year or next<\/strong>, founder Pavel Durov told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8d6ceb0d-4cdb-4165-bdfa-4b95b3e07b2a\" style=\"\" rel=\"noopener\">Financial Times<\/a>. Although Durov declined to comment on a timeline or the exchange on which he plans to take the company public, saying that only that it has \u201cstudied various options,\u201d two sources with knowledge of the matter say the IPO could happen in the US. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Following in Reddit\u2019s footsteps?<\/strong> Telegram could offer a portion of the IPO to some of the most loyal among its 900 mn users \u2014 a move <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/faa6d1b9-e55a-4bbf-80b9-030ef83ec084\" style=\"\" rel=\"noopener\">Reddit is planning<\/a> when it goes public this month. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Path to profitability:<\/strong> Over the past two years, the messaging app has amassed \u201chundreds of mns of USD\u201d in revenue through ads and premium subscription services, Durov said. The company is planning to expand several revenue streams, including ads and introducing business accounts and a \u201csocial discovery\u201d feature. Telegram secured USD 2 bn in debt financing, including a USD 1 bn bond offering in 2021. Those bondholders could be able to convert their debt to equity at a 10-20% reduction to Telegram\u2019s IPO price if the company goes public before March 2026, incentivizing an earlier listing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trouble ahead? <\/strong>The Financial Times explored Telegram\u2019s struggles in a <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c70ef7d6-230a-4404-b854-2e75fe0f2e0a\" style=\"\" rel=\"noopener\">feature<\/a>, highlighting some of the challenges it faces to keep alleged criminal activity and disinformation off the app as it navigates towards profitability and the potential IPO. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Fujairah\u2019s agriculture sector could be in line for more support:<\/strong>The Fujairah Chamber of Commerce and Industry is looking at potentially setting up \u201ca market to support local agricultural and animal products,\u201d <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b239jbl-fujairah-chamber-discusses-support-for-local\" style=\"\" rel=\"noopener\">Wam<\/a> reports, without providing further details. <\/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\"> WAR WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a>  <strong>Aid ship to Gaza sets sail from Cyprus under new UAE-funded initiative:<\/strong> A ship carrying aid for Gaza \u2014 with funding primarily from the UAE \u2014 departed from Cyprus carrying nearly 200 tons of food, including flour, rice, and protein, in a voyage that could take up to two days across the eastern Mediterranean, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/first-aid-ship-gaza-leaves-cyprus-port-pilot-project-2024-03-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The journey is part of a pilot mission to possibly open a new aid sea route to Gaza, with support from World Central Kitchen.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dandbdubai.com\/\" style=\"\" rel=\"noopener\">D&B Properties<\/a><\/strong><strong> forecasts a 5-7% surge in Dubai property prices this year<\/strong>, on the back of \u201cgovernment initiatives, economic resilience, and robust investor interest,\u201d <a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/industries\/real-estate\/dubai-real-estate-prices-to-increase-up-to-7-this-year-after-bumper-transactions-of-117bn-in-2023\" style=\"\" rel=\"noopener\">Arabian<\/a><a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/industries\/real-estate\/dubai-real-estate-prices-to-increase-up-to-7-this-year-after-bumper-transactions-of-117bn-in-2023\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/industries\/real-estate\/dubai-real-estate-prices-to-increase-up-to-7-this-year-after-bumper-transactions-of-117bn-in-2023\" style=\"\" rel=\"noopener\">Business<\/a> reports. The forecast echoes S&P\u2019s Global\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/61b29f66-ec03-42c5-9051-089416c6884a\" style=\"\" rel=\"noopener\">forecasts<\/a> for price growth in the emirate\u2019s property market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The value of the local construction market hit USD 94 bn in 2023, <\/strong>with residential construction taking up the biggest market share, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/13t6oyj-uae-construction-market-valued-94-billion-2023\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing a report by London-based data analytics and consulting company GlobalData. The report forecasts the market will continue to grow at an average annual growth rate of 3% between 2025 and 2028 on the back of increased investments in transport and renewable energy infrastructure, and improvements in the electric vehicle market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Occupancy rates at Dubai hotels grew 3.4% y-o-y in February<\/strong>, reaching 90.8%occupancy, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b23uyog-dubai-hotels-saw-34-year-on-year-growth-hitting\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing CoStar data. Revenue per available room also increased 13.1% y-o-y to AED 805.21. <\/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\">MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OPEC still sees strong demand for oil this year and next<\/strong>, saying its its latest monthly <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1041.pdf\" style=\"\" rel=\"noopener\">report<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1041.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a> that it <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/opec-sticks-oil-demand-view-nudges-up-economic-growth-again-2024-03-12\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/opec-sticks-oil-demand-view-nudges-up-economic-growth-again-2024-03-12\/\" style=\"\" rel=\"noopener\">still sees demand rising 2.25 mn barrels per day this year<\/a> and 1.85 mn bpd in 2025. It sees some room for global growth to pick up and, if it does, drive even more demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- There are zero indications that Russia will break ranks with OPEC. <\/strong>President Vladimir Putin <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-12\/putin-voices-support-for-opec-oil-cuts-yet-warns-of-risks?srnd=homepage-middle-east&sref=mmeFTDW1\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-12\/putin-voices-support-for-opec-oil-cuts-yet-warns-of-risks?srnd=homepage-middle-east&sref=mmeFTDW1\" style=\"\" rel=\"noopener\">said yesterday<\/a> that OPEC+ and the production cuts it has enacted to put a floor under oil \u201chas his full support.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Watch this space: <\/strong>The International Energy Agency will release its forecast on Thursday. OPEC is bullish on oil and sees demand growing for at least the next two decades, but the IAE (focused as it is on industrialized nations) sees demand peaking in 2030.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"uae\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a big morning in Washington, DC<\/strong>, where the House of Representatives will vote this afternoon on a bill that could <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/us-house-vote-tiktok-crackdown-fate-uncertain-senate-2024-03-12\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/us-house-vote-tiktok-crackdown-fate-uncertain-senate-2024-03-12\/\" style=\"\" rel=\"noopener\">ban Tiktok<\/a>. Meanwhile, Joe Biden has just lined up enough delegates to <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/03\/12\/biden-cllinches-democratic-presidential-nomination-00146648\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/03\/12\/biden-cllinches-democratic-presidential-nomination-00146648\" style=\"\" rel=\"noopener\">clinch the Democratic nomination<\/a> to seek another term. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Biden administration is (kind of) applying more pressure on Israel<\/strong>, saying there is \u201cno credible plan\u201d to protect civilians and <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7657510b-209b-4cad-ada3-7808f59ea5e0\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7657510b-209b-4cad-ada3-7808f59ea5e0\" style=\"\" rel=\"noopener\">warning the IDF against \u201csmashing into Rafah.\u201d<\/a> Plans are now afoot that could see <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-allies-eye-commercial-maritime-option-gaza-aid-2024-03-12\/\" style=\"\" rel=\"noopener\">the US and its allies send<\/a><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-allies-eye-commercial-maritime-option-gaza-aid-2024-03-12\/\" style=\"\" rel=\"noopener\">commercial vessels to deliver aid to Gaza<\/a> before the US Navy can act.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MUST READ- <\/strong>Shipbuilding is the latest front in the global economic competition between the United States and China, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4e2d5bb7-e4d5-4b98-b1a8-895c0d493b07\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4e2d5bb7-e4d5-4b98-b1a8-895c0d493b07\" style=\"\" rel=\"noopener\">Financial Times<\/a> writes in its Big Read this morning. The US has become a virtual non-factor in global shipbuilding, eclipsed by the rise of China, South Korea and Japan. <\/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 and 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>The Hamdan bin Mohammed bin Rashid Al Maktoum International Photography <\/strong><strong>Award has unveiled new categories<\/strong> \u2014 sports photography and short videos \u2014 open for submissions until 30 June 2024, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/March\/10-03\/HIPA-Contest\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. You can submit applications <a target=\"_blank\" href=\"https:\/\/www.hipa.ae\/\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gaza\/\">Gaza<\/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\/oil\/\">Oil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/telegram\/\">Telegram<\/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=\"89960\" 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=\"89960\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/adia-boosts-investment-in-private-credit-with-fresh-commitment-to-cheyne-capital\/\">\r\n                            ADIA boosts investment in private credit with fresh commitment to Cheyne Capital                        <\/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\/13\/adia-boosts-investment-in-private-credit-with-fresh-commitment-to-cheyne-capital\/\" 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\/13\/adia-boosts-investment-in-private-credit-with-fresh-commitment-to-cheyne-capital\/')\">\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\/13\/adia-boosts-investment-in-private-credit-with-fresh-commitment-to-cheyne-capital\/\">\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=ADIA boosts investment in private credit with fresh commitment to Cheyne Capital&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/adia-boosts-investment-in-private-credit-with-fresh-commitment-to-cheyne-capital\/\">\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\/13\/adia-boosts-investment-in-private-credit-with-fresh-commitment-to-cheyne-capital\/&title=ADIA boosts investment in private credit with fresh commitment to Cheyne Capital\">\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=ADIA+boosts+investment+in+private+credit+with+fresh+commitment+to+Cheyne+Capital+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F13%2Fadia-boosts-investment-in-private-credit-with-fresh-commitment-to-cheyne-capital%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\/13\/adia-boosts-investment-in-private-credit-with-fresh-commitment-to-cheyne-capital\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1121.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89961\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/adia-boosts-investment-in-private-credit-with-fresh-commitment-to-cheyne-capital\/1121-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1121.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1121.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1121.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1121.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89960\" class=\"content-area-description single-story post-89960 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-abu-dhabi-investment-authority tag-enterpriseam-uae tag-investment-watch tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.d8293852-762f-4332-b551-29d7c8a5f67b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi Investment Authority (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adia.ae\/\" style=\"\" rel=\"noopener\">ADIA<\/a><\/strong><strong>) will up its commitment to <\/strong><strong>London-based <\/strong><strong>alternative asset manager <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cheynecapital.com\/\" style=\"\" rel=\"noopener\">Cheyne Capital<\/a><\/strong><strong>\u2019s <\/strong>capital solutions strategy to GBP 650 mn (USD 831 mn), <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-12\/abu-dhabi-s-892-billion-wealth-fund-boosts-private-credit-bets\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing a statement. The exact size of the new investment was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the strategy: <\/strong>Cheyne\u2019s capital solutions fund offers senior loans against European real estate, intending to transition Europe\u2019s property market \u201caway from increasingly obsolete assets supported by low interest rates,\u201d says Ravi Stickney, managing partner and chief investment officer of Cheyne's real estate arm. The strategy also grants borrowers subordinated debt, hybrid credit, and commercial mortgage-backed securities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cWe have invested with Cheyne for a number of years and welcome the opportunity to grow our relationship. We see this as a compelling investment proposition in a market that is looking to private credit lenders for capital,\u201d ADIA real estate department\u2019s executive director, Mohamed Al Qubaisi, said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADIA <\/strong><strong>\u2764<\/strong><strong>\ufe0f <\/strong><strong>private<\/strong><strong> credit:<\/strong> ADIA previously ventured into private credit in September, backing a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/centerbridge-teams-up-with-wells-fargo-launch-direct-lending-fund-2023-09-26\/\" style=\"\" rel=\"noopener\">USD 5 bn fund<\/a> launched by Wells Fargo alongside asset manager Centerbridge and making a <a target=\"_blank\" href=\"https:\/\/globalswf.com\/news\/adia-continues-abu-dhabi-s-global-private-credit-push\" style=\"\" rel=\"noopener\">USD 932 mn investment<\/a> in Australian real estate private credit company Qualitas Diversified Credit Investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And it\u2019s not just ADIA: <\/strong>In <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/42cb5948-afc5-4bb0-b1cf-4b5305d243ac\" style=\"\" rel=\"noopener\">February<\/a>, sovereign wealth fund Mubadala agreed with Goldman Sachs to co-invest USD 1 bn in private credit in the Asia-Pacific region, with a particular focus on India. The wealth fund also took on the role of <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-22\/mubadala-to-anchor-private-credit-fund-for-european-property\" style=\"\" rel=\"noopener\">anchor investor<\/a> for a private credit fund set up by Starz Real Estate and targeting European property in <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/en\/news\/starz-to-launch-a-new-special-situations-fund-with-investment-from-mubadala\" style=\"\" rel=\"noopener\">November 2023<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-authority\/\">Abu Dhabi Investment Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89962\" 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=\"89962\">\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\/13\/adnoc-advances-ruwais-lng-project-with-early-contract\/\">\r\n                            Adnoc advances Ruwais LNG project with early contract                        <\/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\/13\/adnoc-advances-ruwais-lng-project-with-early-contract\/\" 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\/13\/adnoc-advances-ruwais-lng-project-with-early-contract\/')\">\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\/13\/adnoc-advances-ruwais-lng-project-with-early-contract\/\">\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 advances Ruwais LNG project with early contract&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/adnoc-advances-ruwais-lng-project-with-early-contract\/\">\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\/13\/adnoc-advances-ruwais-lng-project-with-early-contract\/&title=Adnoc advances Ruwais LNG project with early contract\">\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+advances+Ruwais+LNG+project+with+early+contract+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F13%2Fadnoc-advances-ruwais-lng-project-with-early-contract%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\/13\/adnoc-advances-ruwais-lng-project-with-early-contract\/\">\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=\"89963\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/adnoc-advances-ruwais-lng-project-with-early-contract\/2555-jpg-5\/\" 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-89962\" class=\"content-area-description single-story post-89962 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-adnoc tag-energy tag-enterpriseam-uae 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\/.ae77560b-155a-4b22-aee3-6c8ba5895a3e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc<\/strong><strong> handed out an early engineering, procurement, and construction contract <\/strong><strong>for its Ruwais liquefied natural gas (LNG) project<\/strong>,according to a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-issues-early-epc-award-for-ruwais-lng-project\" style=\"\" rel=\"noopener\">press release<\/a>. The Limited Notice to Proceed award was issued to a JV between engineering companies <a target=\"_blank\" href=\"https:\/\/www.ten.com\/en\" style=\"\" rel=\"noopener\">Technip Energies<\/a> and <a target=\"_blank\" href=\"https:\/\/www.jgc.com\/en\/\" style=\"\" rel=\"noopener\">JGC Corporation<\/a>, and National Marine Dredging Company subsidiary National Petroleum Construction Company. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI: <\/strong>Adnoc is planning to reach a final investment decision on the Ruwais project in 1H 2024, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9b82da7f-5abf-4706-9357-0842a9172fa5\" style=\"\" rel=\"noopener\">Bloomberg<\/a> previously reported. Adnoc will use its own funds to expand production, the business information service said at the time. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More about the JV:<\/strong>The JV was established back in <a target=\"_blank\" href=\"https:\/\/investors.technipenergies.com\/news-releases\/news-release-details\/technip-energies-and-national-petroleum-construction-company\" style=\"\" rel=\"noopener\">July 2022<\/a> to accelerate the UAE\u2019s transition to clean energy. It offers services in blue and green hydrogen, related decarbonization projects, and industrial projects in the fields of waste-to-energy, biorefining, and biochemistry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc is readying to export: <\/strong>The company plans to start exporting from the Ruwais site in 2028.The project is expected to more than double Adnoc\u2019s LNG production capacity from 6 to 15 mn metric tons per annum. Adnoc previously awarded a USD 400 mn contract to US oil field service company Baker Hughes in <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/News-and-Media\/Press-Releases\/2023\/ADNOC-Awards-More-Than-$400m-Critical-Equipment-Contract-for-Low-Carbon-LNG-Project-in-Ruwais\" style=\"\" rel=\"noopener\">October 2023<\/a> for the supply of essential long leads, and noted that early civil works on the site have already commenced.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ramping up LNG agreements:<\/strong> Adnoc inked agreements with <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-signs-first-long-term-lng-heads-of-agreement-from-ruwais-low-carbon-lng-project\" style=\"\" rel=\"noopener\">China's ENN Natural Gas<\/a> and <a target=\"_blank\" href=\"https:\/\/adnocgas.ae\/en\/news-and-media\/press-releases\/2024\/adnoc-gas-signs-lng-supply-agreement-with-gail-india-limited\" style=\"\" rel=\"noopener\">Gail India<\/a> for a supply of at least 1.5 mn metric tons per year of LNG from the new plant. The company also inked LNG export agreements valued between USD 9.4-12 bn in 2023, including a 14-year LNG supply agreement with the Indian Oil Corporation, a three-year agreement with <a target=\"_blank\" href=\"https:\/\/adnocgas.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-gas-signs-3-year-lng-supply-agreement-with-totalenergies-gas-and-power\" style=\"\" rel=\"noopener\">Total Energies<\/a>, and a five-year agreement with <a target=\"_blank\" href=\"https:\/\/adnocgas.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-gas---japex---ar\" style=\"\" rel=\"noopener\">Japan Petroleum Exploration<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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\/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=\"89964 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=\"89964\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/89964-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89964\" class=\"content-area-description single-story post-89964 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\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=\"89965\" 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=\"89965\">\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\">TRANSPORT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/dubai-to-abu-dhabi-in-30-minutes\/\">\r\n                            Falcon, Archer to launch Dubai, Abu Dhabi air taxi service in 2025                        <\/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\/13\/dubai-to-abu-dhabi-in-30-minutes\/\" 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\/13\/dubai-to-abu-dhabi-in-30-minutes\/')\">\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\/13\/dubai-to-abu-dhabi-in-30-minutes\/\">\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 to Abu Dhabi in 30 minutes&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/dubai-to-abu-dhabi-in-30-minutes\/\">\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\/13\/dubai-to-abu-dhabi-in-30-minutes\/&title=Dubai to Abu Dhabi in 30 minutes\">\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+to+Abu+Dhabi+in+30+minutes+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F13%2Fdubai-to-abu-dhabi-in-30-minutes%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\/13\/dubai-to-abu-dhabi-in-30-minutes\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1028.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89966\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/dubai-to-abu-dhabi-in-30-minutes\/1028-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1028.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1028.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1028.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1028.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89965\" class=\"content-area-description single-story post-89965 post type-post status-publish format-standard has-post-thumbnail hentry category-transport tag-abu-dhabi tag-archer tag-aviation tag-dubai tag-enterpriseam-uae tag-falcon tag-transport 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\/.7ecd40c9-db69-4735-a1d9-81e91aa78585.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-Abu Dhabi air taxi route going live next year:<\/strong> Abu Dhabi-headquartered aviation services provider <a target=\"_blank\" href=\"https:\/\/falcongroup.ae\/\" style=\"\" rel=\"noopener\">Falcon Aviation<\/a> inked an agreement with California-based electric flying car manufacturer <a target=\"_blank\" href=\"https:\/\/www.archer.com\/\" style=\"\" rel=\"noopener\">Archer Aviation<\/a> to develop a \u201cvertiport\u201d network in key locations across Dubai and Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/investors.archer.com\/news\/news-details\/2024\/Archer-and-Falcon-Aviation-to-Jointly-Develop-Vertiport-Network-in-Dubai-and-Abu-Dhabi-for-the-Launch-of-Flying-Car-Operations-in-UAE-as-Soon-as-2025\/default.aspx\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement looks to launch Falcon\u2019s air taxi services between the two emirates by 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The partnership will see the two firms develop the infrastructure for two vertiports \u2014 one at Falcon Heliport at Atlantis, the Palm in Dubai, and the other at the Marina Mall heliport in Abu Dhabi\u2019s Corniche. Once operational, the service will allow Dubai and Abu Dhabi residents to fly between the two emirates in 30 minutes aboard Archer\u2019s piloted, four-passenger aircraft, Midnight. The air route is expected to cut the two-hour commute between Dubai and Abu Dhabi, \u201cone of the world\u2019s most prominent and congested commute corridors,\u201d the statement reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI:<\/strong> The General Civil Aviation Authority announced late last year a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d357a6c6-320f-47cc-830a-353536e621c3#:~:text=Dubai%20will%20see,press%20release.\" style=\"\" rel=\"noopener\">plan<\/a> to launch air taxis by 1Q 2026. The project is a collaboration between the Abu Dhabi Investment Office and Archer Aviation following a partnership agreement inked in <a target=\"_blank\" href=\"https:\/\/investors.archer.com\/news\/news-details\/2023\/Archer--Abu-Dhabi-Investment-Office-Announce-Plan-to-Launch-Archers-All-Electric-Air-Taxi-Service-Across-the-UAE\/default.aspx\" style=\"\" rel=\"noopener\">October<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other air taxis will also take off in 2025:<\/strong> Dubai's Road and Transport Authority inked an agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c9da5c2f-75c5-47ca-8ad5-4611bf95779e\" style=\"\" rel=\"noopener\">last month<\/a> with electric aircraft developer Joby Aviation to launch air taxi services in the UAE by early 2026. The manufacturer, which was also handed the rights to operate in the emirate for six years, plans to begin initial operations as early as 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN OTHER TRANSPORT NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enoc to fuel Dubai <\/strong><strong>Taxi\u2019s<\/strong><strong> fleet: <\/strong><a target=\"_blank\" href=\"http:\/\/www.enoc.com\/en\/\" style=\"\" rel=\"noopener\">Emirates National Oil Company<\/a> signed a partnership agreement with Dubai Taxi to provide Dubai Taxi\u2019s 7.8k vehicle fleet with refueling services, according to a <a target=\"_blank\" href=\"https:\/\/www.dubaitaxi.ae\/en\/post\/dubai-taxi-partners-with-enoc-to-provide-refueling-services-for-its-fleet\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement is set to cover Dubai Taxi\u2019s entire fleet across all its service segments, including taxis, airport taxis, limousines, and delivery bikes.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/archer\/\">Archer<\/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\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/falcon\/\">Falcon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/transport\/\">transport<\/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=\"89967\" 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=\"89967\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/yalla-group-earnings-jump-43-y-o-y-for-2023\/\">\r\n                            Yalla Group earnings jump 43% y-o-y for 2023                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/yalla-group-earnings-jump-43-y-o-y-for-2023\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/yalla-group-earnings-jump-43-y-o-y-for-2023\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/yalla-group-earnings-jump-43-y-o-y-for-2023\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Yalla Group earnings jump 43% y-o-y for 2023&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/yalla-group-earnings-jump-43-y-o-y-for-2023\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/yalla-group-earnings-jump-43-y-o-y-for-2023\/&title=Yalla Group earnings jump 43% y-o-y for 2023\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Yalla+Group+earnings+jump+43%25+y-o-y+for+2023+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F13%2Fyalla-group-earnings-jump-43-y-o-y-for-2023%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/yalla-group-earnings-jump-43-y-o-y-for-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89967\" class=\"content-area-description single-story post-89967 post type-post status-publish format-standard hentry category-earnings-watch tag-earnings tag-earnings-watch tag-enterpriseam-uae tag-yalla-group 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\/.fe0192b7-ac55-450d-8bbe-540c7d699488.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Yalla<\/strong><strong> Group posted USD 113.1 mn in net income in 2023, up 43% y-o-y<\/strong>, the company said in an <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/yalla-group-limited-announces-unaudited-fourth-quarter-and-full-year-2023-financial-results-302085372.html#\" style=\"\" rel=\"noopener\">earnings release<\/a>. Revenues rose 5% y-o-y to USD 318.9 mn, on the back of chatting services, which raked in USD 211.8 mn, as well as gaming services revenues which contributed USD 106.7 mn. In 4Q 2023, the social networking and gaming company\u2019s bottom line came in at USD 29.7 mn, marking a 79% y-o-y increase, on revenues of USD 80.9 mn, up 7.7% y-oy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> Yalla expects 1Q 2024 revenues to range from USD 72 mn to USD 79 mn. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/yalla-group\/\">Yalla Group<\/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=\"89968\" 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=\"89968\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/amal-ahmed-al-suwaidi-tapped-as-sharjah-health-authority-director\/\">\r\n                            Amal Ahmed Al Suwaidi tapped as Sharjah Health Authority director                        <\/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\/13\/amal-ahmed-al-suwaidi-tapped-as-sharjah-health-authority-director\/\" 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\" 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href=\"https:\/\/api.whatsapp.com\/send?text=Amal+Ahmed+Al+Suwaidi+tapped+as+Sharjah+Health+Authority+director+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F13%2Famal-ahmed-al-suwaidi-tapped-as-sharjah-health-authority-director%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\/13\/amal-ahmed-al-suwaidi-tapped-as-sharjah-health-authority-director\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89968\" class=\"content-area-description single-story post-89968 post type-post status-publish format-standard hentry category-moves tag-enterpriseam-uae tag-healthcare tag-moves tag-sharjah tag-sharjah-health-authority 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\/.b9e4e7a7-919d-4dc8-9425-1c4c8231fcad.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Sharjah\u2019s Crown Prince and Deputy Ruler, Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, has appointed <strong>Amal Ahmed Sultan Al Qatari Al Suwaidi <\/strong>as <strong>director <\/strong>of the <strong><a target=\"_blank\" href=\"https:\/\/sha.shj.ae\/\" style=\"\" rel=\"noopener\">Sharjah Health Authority<\/a><\/strong>, reports <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b23uyoe-sharjah-crown-prince-appoints-amal-qatari-suwaidi\" style=\"\" rel=\"noopener\">Wam<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah\/\">Sharjah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah-health-authority\/\">Sharjah Health 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=\"89969\" 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=\"89969\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/barakah-ones-aed-8-89-bn-refinancing-gets-green-loan-label\/\">\r\n                            Barakah One\u2019s AED 8.89 bn refinancing gets green loan label                        <\/a>\r\n                    <\/h3>\r\n\r\n                    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     <\/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\/13\/barakah-ones-aed-8-89-bn-refinancing-gets-green-loan-label\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/184.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89970\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/barakah-ones-aed-8-89-bn-refinancing-gets-green-loan-label\/184-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/184.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"184.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/184.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/184.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89969\" class=\"content-area-description single-story post-89969 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aviation tag-barakah-nuclear-plant tag-debt-watch tag-dp-world tag-dubai tag-education tag-enterpriseam-uae tag-fintech tag-hospitality tag-logistics wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.76943cce-a7ce-4ee1-9255-2d9ad2495c2e.mp3\"><\/audio><\/figure><p class=\"tag-border-left\"> DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Barakah One\u2019s AED 8.89 bn refinancing for its 5.6 GW nuclear energy plant has been <\/strong><strong>recognized as a green loan <\/strong>in a nod to the plant\u2019s contribution to the UAE\u2019s green economy, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/barakah-nuclear-energy-plant-receives-recognition-as-first-green-loan-facility-in-asia-and-africa-and-second-globally\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The classification is the first in Asia and Africa for a nuclear plant, and second globally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.enec.gov.ae\/\" style=\"\" rel=\"noopener\">Emirates Nuclear Energy Corporation\u2019s (Enec)<\/a> financing and commercial subsidiary refinanced its existing loans for the plant with Abu Dhabi Commercial Bank and First Abu Dhabi Bank in <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/barakah-one-company-completes-barakah-nuclear-energy-plant-refinancing-with-uae-banking-partners\/\" style=\"\" rel=\"noopener\">July 2023<\/a> to convert the facilities into green loan financing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e9e05015-e190-4d71-a2ac-50c9f2c0f60d\" style=\"\" rel=\"noopener\">Earlier this month<\/a>, Enec\u2019s operating and maintenance subsidiary Nawah Energy Company started up the plant\u2019s fourth unit. The fourth unit has generated more than 60GWh of clean electricity. After starting full commercial operations later this year, the plant expects to offset some 22.4 mn tonnes of emissions with 40 TWh of generated electricity annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #1-<\/strong><strong>UAE to launch Blue Pass platform for maritime sector:<\/strong> The Energy and Infrastructure Ministry has inked an agreement with technology and digital services company NeoNautica to develop and operate the UAE <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/details\/1395303157326\" style=\"\" rel=\"noopener\">Blue Pass platform<\/a>, which provides facilities for the maritime sector, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13t6p1g-ministry-energy-and-infrastructure-collaborates\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The platform offers maritime companies within the UAE and commercial ships at UAE ports with a package of privileges to promote the sector\u2019s attractiveness to investors. <\/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.dpworld.com\/\" style=\"\" rel=\"noopener\">DP World<\/a><\/strong><strong> has added upwards of 100 offices to its global freight forwarding <\/strong><strong>network, <\/strong>with Miami being the latest location to open, as the outfit looks to offer flexible and resilient supply chain solutions to clients worldwide, against a backdrop of increased disruptors to trade from climate change, geopolitical turmoil, and macroeconomic shocks, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b23uyr9-world-launches-global-freight-forwarding-network\" style=\"\" rel=\"noopener\">Wam<\/a> reported. DP World\u2019s freight forwarding network assists in the movement of some 10% of global trade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Etihad, GCAA roll out aviation emission reduction framework:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.gcaa.gov.ae\/en\/Pages\/home.aspx\" style=\"\" rel=\"noopener\">General Civil<\/a><a target=\"_blank\" href=\"https:\/\/www.gcaa.gov.ae\/en\/Pages\/home.aspx\" style=\"\" rel=\"noopener\">Aviation Authority<\/a> (GCAA) inked an MoU with <a target=\"_blank\" href=\"https:\/\/www.google.com\/aclk?sa=l&ai=DChcSEwiSnI2u2-6EAxX9MAYAHXtyAJwYABAAGgJ3cw&ase=2&gclid=Cj0KCQjw-r-vBhC-ARIsAGgUO2CKIXBlgmRkBWFDjDIJCn7kcYTLY8XkRB4roJ4ozjl4M-k8Vv-iW_oaAsRQEALw_wcB&sig=AOD64_3zOLZN3gItLDsWFIxkPwvFsKZP4w&q&nis=4&adurl&ved=2ahUKEwiAkoWu2-6EAxUb_7sIHTYsCqsQ0Qx6BAgGEAE\" style=\"\" rel=\"noopener\">Etihad Airways<\/a> and French aerospace tech provider <a target=\"_blank\" href=\"https:\/\/www.thalesgroup.com\/en\/aerospace\" style=\"\" rel=\"noopener\">Thales<\/a> to implement Thales\u2019 orchestrator for eco-friendly trajectories solutions aimed at advancing environmental sustainability in the aviation sector, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/gcaa-etihad-airways-and-thales-set-a-collaborative-framework-for-optimising-flight-operations-rdmhn02a\" style=\"\" rel=\"noopener\">press release<\/a>. Thales\u2019 service allows passengers to optimize their flight plans by choosing more efficient plans and adjusting their flight profiles. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- dnata receives CEIV accreditation for lithium battery handling: <\/strong>dnata was granted the International Air Transport Association\u2019s Centre of Excellence for Independent Validators (CEIV) accreditation for its safe handling of lithium batteries, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/March\/12-03\/dnata-lithium-battery-certification\" style=\"\" rel=\"noopener\">statement<\/a>. The accreditation makes dnata the first ground services provider to attain certification for all 11 of its worldwide stations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aman Group debuts in UAE with Aman Dubai:<\/strong> Swiss-based hospitality group <a target=\"_blank\" href=\"http:\/\/aman.eg\/ar\/\" style=\"\" rel=\"noopener\">Aman<\/a> is set to open its first hotel in Dubai through a partnership with UAE-based real estate investment company <a target=\"_blank\" href=\"https:\/\/www.brightstart.ae\/\" style=\"\" rel=\"noopener\">Bright Start<\/a> and real estate developer <a target=\"_blank\" href=\"https:\/\/www.h-h.ae\/\" style=\"\" rel=\"noopener\">H&H Development<\/a>, according to its <a target=\"_blank\" href=\"https:\/\/www.aman.com\/resorts\/aman-dubai\" style=\"\" rel=\"noopener\">website<\/a>. The project, set to open its doors within three years, will be located in Jumeirah 2 and will include Aman-branded residences, a 2k sqm spa, restaurants, and an Aman club. <\/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\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You can now use your digital wallet to make purchases at Dubai Dutyfree<\/strong> (DDF), thanks to a partnership between DDF and TerraPay, <a target=\"_blank\" href=\"https:\/\/thefintechtimes.com\/terrapay-eyes-financial-inclusion-at-large-scale-enabling-digital-wallets-at-dubai-duty-free\/\" style=\"\" rel=\"noopener\">the Fintech Times<\/a> reports. The partnership allows DDF to tap into TerraPay\u2019s network, covering over 2.2 bn mobile wallets globally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.uaeu.ac.ae\/en\/\" style=\"\" rel=\"noopener\">United Arab Emirates University<\/a><\/strong><strong> inaugurated the first genetic counseling <\/strong><strong>master\u2019s program in the UAE<\/strong>,with support from <a target=\"_blank\" href=\"https:\/\/www.doh.gov.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi\u2019s Department of Health<\/a>, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13t6p1s-uaeu-offers-first-genetic-counselling-master%E2%80%99s\" style=\"\" rel=\"noopener\">Wam<\/a>. The two-year program is being offered at the university\u2019s college of medicine and health sciences under the genetics and genomics department, and aims to improve clinical counseling capabilities across several genetic disorders, including pediatric genetic assessment, prenatal diagnosis, cancer, and adult genetics.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/barakah-nuclear-plant\/\">Barakah nuclear plant<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/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=\"89971\" 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=\"89971\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/stock-market-rallies-convince-analysts-of-global-risk-reset\/\">\r\n                            Stock market rallies convince analysts of global risk reset                        <\/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\/13\/stock-market-rallies-convince-analysts-of-global-risk-reset\/\" 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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Pundits <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/inflation-february-cpi-report-interest-rate-b827c0e7?mod=hp_lead_pos7\" style=\"\" rel=\"noopener\">don\u2019t think the \u201clast mile\u201d surge of inflation<\/a> will derail the US Federal Reserve\u2019s plan to start trimming interest rates throughout the second half of the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Stock markets rallies make analysts believe a risk reset is around the corner: <\/strong>The world\u2019s most prominent indices \u2014 S&P 500, Nasdaq, Japan\u2019s Nikkei 225, Germany\u2019s Dax, and others \u2014 have all notched record highs in recent weeks, cementing investors and analysts confidence and pushing some to let go of previously risk-averse approaches, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3f9b1eff-7d1d-4cb5-8c9b-33263c8b46b7\" style=\"\" rel=\"noopener\">Financial Times<\/a> writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cEveryone\u2019s been anticipating a recession for a long time and it hasn\u2019t materialized,\u201d<\/strong>UBS Asset Management\u2019s head of multi-asset strategy Evan Brown told the salmon-colored paper. \u201cIt\u2019s like a reset of the risk cycle,\u201d Brown added, pointing to previously risk-averse investors not jumping back into stocks. Driving investor confidence is the understanding that central banks across the world seem to have been able to reel back inflation without sparking an economic downtown \u2014 referred to by economists as the Goldilocks scenario.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking into the crystal ball: <\/strong>Goldman Sachs, UBS, and Bank of America (BofA) have all upgraded their year-end forecasts for the S&P 500, with BofA penciling in a 5% increase above current levels. Soci\u00e9t\u00e9 G\u00e9n\u00e9rale sees the Nasdaq 100\u2019s earnings gaining 40% in 1H 2024, while Morgan Stanley expects pan-European indices to \u201ckeep rising like it\u2019s 1995,\u201d notching a 12% increase above current levels.<\/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\">THE MARKETS THIS MORNING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed in early trading today.<\/strong> Futures point to similarly mixed open for European shares later this morning, while US futures softened overnight after shares advanced yesterday.<\/p>\n<p><a target=\"_blank\" id=\"t.b22929d90d3dbe7c1b9449d523a7c019765e0804\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tbody>\n<tr class='tr-row-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\">9,228<\/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-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,252<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +4.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,691<\/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: -3.9%)<\/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-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.1% 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\">12,613<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +5.4%)<\/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>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\">32,661<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.2% (YTD: +31.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,175<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1% (YTD: +8.5%)<\/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>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\">7,747<\/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: +0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,983<\/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: +10.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 81.92<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4%<\/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>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 1.71<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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>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 2,158<\/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>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 71,370<\/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: +68.5%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.1% yesterday<\/strong> on turnover of AED 243.9 mn. The index is up 4.8% 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>Orascom Construction (+8.4%), Dubai Islamic Ins. and Reins. (+4.6%) and National Central Cooling (+4.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Mashreq (-4.5%), Emaar Properties (-2.4%) and Islamic Arab Ins. (-1.9%). <\/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 935.7 mn. In Nasdaq Dubai, the index also stayed flat.<\/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>AI tech company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bayanat.ai\/\" style=\"\" rel=\"noopener\">Bayanat<\/a><\/strong><strong> approved its legal name change to Space42<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1049.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The company will go by its new name after obtaining approval from relevant authorities on its <a target=\"_blank\" href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=bd7865a244&e=8e5fca127e\" style=\"\" rel=\"noopener\">merger with Yahsat<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nasdaq\/\">Nasdaq<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sp-500\/\">S&amp;P 500<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/wall-street\/\">Wall Street<\/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=\"89973\" 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=\"89973\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/13\/uae-president-and-eu-commission-president-discuss-bolstering-relations\/\">\r\n                            UAE president and EU Commission president discuss bolstering relations                        <\/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\/13\/uae-president-and-eu-commission-president-discuss-bolstering-relations\/\" 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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They also addressed several issues of mutual concerns, including the humanitarian crisis in Gaza. They underscored the significance of the joint effort by the UAE, Cyprus, the European Commission, Germany, Greece, Italy, the Netherlands, UK, and the US to create a maritime corridor aimed at delivering humanitarian aid to the Gaza Strip.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH NOTING-<\/strong><\/p>\n<ul>\n<li><strong>Foreign Affairs Minister<\/strong> Sheikh Abdullah bin Zayed<strong> congratulated the new <\/strong><strong>Ethiopian Foreign Minister<\/strong>, Tay Atske Selassie,on his appointment and discussed enhancing bilateral relations and cooperation across various sectors. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13t6oya-abdullah-bin-zayed-discusses-strengthening\" style=\"\" rel=\"noopener\">Wam<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/european-commission\/\">European Commission<\/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=\"89975\" 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\/13\/89975-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89975\" class=\"content-area-description single-story post-89975 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;\">5-13 March (Tuesday-Wednesday): Subscription period for institutional investors for Parkin\u2019s IPO.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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>8-12 May (Wednesday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tradearabia.com\/news\/TTN_419864.html\" style=\"\">Schmetterling Annual Conference<\/a><\/span><span>, Al Ain and <\/span><span>Abu<\/span><span style=\"font-weight:400;\"> 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;\">14-15 May (Tuesday-Wednesday): Seamless Middle East, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/\" style=\"\">The Airport Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 May (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.difc.ae\/whats-on\/news\/difcs-preferred-position-for-hedge-fund-ecosystem-develops-through-exclusive-hfm-partnership\" style=\"\">HFM Summit<\/a><\/span><span style=\"font-weight:400;\">, DIFC. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-26 May (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.livenation.me\/auh-comedy-week\" style=\"\">Abu Dhabi Comedy Week<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2-4 June (Sunday-Tuesday): The World Air Transport Summit and International Air Transport Association (IATA)\u2019s annual general meeting, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): The Hotel Show, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): INDEX, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): WORKSPACE, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): Leisure Show, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">15 June (Saturday): Arafat day, national holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">16-18 June (Sunday-Tuesday): Eid Al-Adha, national holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">7 July (Sunday): Islamic new year, national holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">9-11 September (Monday-Wednesday): World Utilities Congress, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28-30 September (Saturday-Monday): World Association of Nuclear Operators (WANO) Biennial General Meeting, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">30-1 November (Wednesday-Friday): World Cities Cultural Summit, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11-14 November (Monday-Thursday): ADIPEC, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11-14 November (Monday-Thursday): ADIPEC Maritime and Logistics Exhibition and Conference, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11-14 November (Monday-Thursday): ADIPEC Decarbonisation Accelerator, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2-3 December (Monday-Tuesday): National Day, public holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10-12 December (Tuesday-Thursday): Middle East Business Aviation, Dubai World Central.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Dubai-Abu Dhabi air taxis in 2025 | ADIA makes fresh investment in private credit | Adnoc awards EPC contract for Ruwais 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