{"id":89997,"date":"2024-03-14T00:00:00","date_gmt":"2024-03-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=89997"},"modified":"2025-12-14T23:45:55","modified_gmt":"2025-12-14T23:45:55","slug":"a-good-day-for-investments-but-bad-day-for-ma","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/a-good-day-for-investments-but-bad-day-for-ma\/","title":{"rendered":"A good day for investments, but bad day for M&#038;A"},"content":{"rendered":"<section id=\"89999\" 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=\"89999\">\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\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/\">\r\n                            THIS MORNING: Parkin to price its IPO + UAE\u2019s economy to grow 4.6% in 2024, according to Moody\u2019s                        <\/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\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/\" 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 5:12am in Dubai and 5:16am in Abu Dhabi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Several stories are vying for your attention this morning<\/strong>, including reports that <strong>Eagle Hills<\/strong> will spend <strong>EUR 5 bn<\/strong> on a development in <strong>Budapest<\/strong>, updates on <strong>two cross-border M&amp;As<\/strong> that could fall through, tons of <strong>investment news<\/strong>, and a new <strong>legislation to regulate digital assets <\/strong>in Dubai.<\/p>\n<p class=\"tag-border-left\"> PUBLIC SERVICE ANNOUNCEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Fog alert: <\/strong>The National Center of Meteorology <a target=\"_blank\" href=\"https:\/\/twitter.com\/ncmuae\/status\/1767958917533888978\" style=\"\" rel=\"noopener\">warned<\/a> of a heavy fog formation in coastal and inland areas that could affect visibility until 9am today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- If you were scheduled to fly Emirates between Hamburg and Dubai, your flight <\/strong><strong>may have been canceled or delayed: <\/strong>Emirates <a target=\"_blank\" href=\"https:\/\/www.emirates.com\/de\/english\/help\/travel-updates\/\" style=\"\" rel=\"noopener\">made changes<\/a> to two flights set to fly from Hamburg to Dubai today due to aviation staff in Germany <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/strike-called-german-aviation-security-staff-expands-friday-2024-03-13\/\" style=\"\" rel=\"noopener\">going on strike<\/a>. Flight EK060 has been canceled, while flight EK062 was pushed to tomorrow at 5:30pm.<\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong> #1-<\/strong><strong>Parkin is set to price its IPO today<\/strong>, following a successful book building process that saw books covered within seconds of books opening last week, setting it up to raise up to AED 1.57 bn from the listing. 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 within minutes<\/a> after the book building process kicked off last week, setting it up to raise up to <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2-<\/strong><strong>ADIA-backed Galderma sets price range for IPO:<\/strong> Abu Dhabi Investment Authority-backed Swiss pharma company <a target=\"_blank\" href=\"https:\/\/www.galderma.com\/\" style=\"\" rel=\"noopener\">Galderma<\/a> has set the indicative price range for shares in its upcoming IPO on SIX Swiss Exchange at CHF 49-53 per share, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1163.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The share sale could see Galderma raise some CHF 2.3 bn (USD 2.6 bn). The final pricing will be announced next Thursday, 21 March, with trading set to begin the following day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> In <a target=\"_blank\" href=\"https:\/\/www.adia.ae\/en\/investments\/private-equity\/portfolio\/case-studies\/galderma\" style=\"\" rel=\"noopener\">2019<\/a>, a consortium of ADIA, Swedish private equity company EQT, and Singapore's GIC acquired Galderma, formerly called Nestl\u00e9 Skin Health, for CHF 10.2 bn from Nestl\u00e9. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADIA and EQT are set to remain major shareholders following Galderma\u2019s debut<\/strong>, CEO Flemming Ornskov told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/skin-care-company-galderma-announces-23-billion-float-swiss-exchange-2024-03-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> last week. The proceeds from the IPO will be used to \u201cstrengthen [Galderma\u2019s] balance sheet by repaying and refinancing debt,\u201d the company said in its statement.<\/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\"> DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong> #1- Global credit rating agency <\/strong><strong>Moody\u2019s<\/strong><strong> expects the UAE\u2019s economy to grow 4.6% <\/strong><strong>in 2024<\/strong>,up from 3.1% in 2023, on the back of high business confidence and government reforms to attract foreign investments, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/banking\/2024\/03\/13\/moodys-revises-outlook-for-uae-banks-to-positive-on-continued-economic-growth\/#:~:text=The%20UAE%27s%20real%20gross%20domestic,in%20a%20report%20on%20Wednesday\" style=\"\" rel=\"noopener\">The National<\/a> reports, citing its latest <a target=\"_blank\" href=\"https:\/\/www.moodys.com\/research\/Banking-System-Outlook-United-Arab-Emirates-Resilient-economy-and-strengthening--PBC_1397375?cy=can&amp;lang=en\" style=\"\" rel=\"noopener\">UAE outlook<\/a>. Moody\u2019s also attributes growth to a flexible and dynamic non-oil economy buffering against global macroeconomic uncertainties, and increasing borrowers\u2019 ability to repay loans.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The figure is more or less in line with other pundits\u2019 forecasts:<\/strong> S&amp;P Global expects the economy to accelerate to more than 5%, while the Central Bank of the UAE expects it to grow 5.7% and the Finance Ministry projects 5.3% growth. On the less bullish side, the World Bank expects to see 3.7% growth in 2024, while The Arab Monetary Fund sees the economy growing at a 4.3% clip.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agency reaffirmed the local banking sector\u2019s rating at Aa2 and revised its outlook to <\/strong><strong>positive<\/strong><strong> from stable<\/strong>, signifying strengthened shock-absorbing margins and high cash reserves for banks. Loans will also remain broadly stable, while deposit growth is expected to remain higher than credit demand, Moody\u2019s reportedly said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Some AED 61 bn in local industrial exports passed through Abu Dhabi\u2019s Ports during <\/strong><strong>2023<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-03-13-1.4837826\" style=\"\" rel=\"noopener\">Albayan<\/a> reports, citing data from Statistics Center Abu Dhabi. Some 20.5% of the year\u2019s industrial exports \u2014 worth AED 12.5 bn \u2014 were concentrated in 4Q 2023. Heavy industries accounted for the lion\u2019s share (46%) of total exports, amounting to AED 28.1 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a><strong> #3- Dubai real estate market prices surged during February to their highest level <\/strong><strong>in <\/strong><strong>almost a decade<\/strong>,climbing 17.4% y-o-y in February to AED 1.294 per sq ft, according to data from <a target=\"_blank\" href=\"https:\/\/propertymonitor.com\/insights\/monthly-market-report\/monthly-market-report-february-2024\" style=\"\" rel=\"noopener\">Property Monitor<\/a>. Sales also hit a record high of 11.9k transactions, up 30.4% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Dubai\u2019s real estate market <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/93f934ee-0231-47f6-aba4-f34a0cf0f7d6\/more-growth-incoming\" style=\"\" rel=\"noopener\">is widely expected<\/a><\/strong><strong> to see more price growth in 2024<\/strong>, though most analysts predict slower growth from last year\u2019s boom. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a><strong> #4- Dubai ranked ninth in Preply\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/preply.com\/en\/blog\/expat-cities\/\" style=\"\" rel=\"noopener\">Global Expat Index<\/a><\/strong>,coming ahead of cities includingToronto and Sydney with a total score of 6.8. The city was ranked as the third-best in Asia for expats planning to move in 2024, scoring 6.81 on the back of a high safety score (83.4) and an attractive tax framework.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi bagged eighth place in Asia for expats planning to move in 2024 <\/strong>with a score of 6.09. The emirate ranked highest in safety in Asia, with an overall score of 86.71.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The volume of goods processed through Dubai Commercity\u2019s transit hub rose<\/strong><strong> 56% y-o-y in 2023<\/strong>, and orders completed via its digital trade platform surged by 158%, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/March\/13-03\/Dubai-CommerCity-records-unprecedented\" style=\"\" rel=\"noopener\">statement<\/a>. Its digital trade platforms facilitated a 92% surge in shipping operations for goods from distribution centers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- DMCC reported a record-breaking USD 38.3 bn in diamond trade in 2023<\/strong>, with a 32% y-o-y increase in the value of polished diamond transactions, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/March\/13-03\/DMCC-announces\" style=\"\" rel=\"noopener\">statement<\/a>. The value of rough and polished diamonds traded rose 2% y-o-y to USD 38.3 bn, with a compound annual growth rate of 11% over the past five years. <\/p>\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 toss-up between the US presidential election and Tiktok for which story is getting <\/strong><strong>the most attention this morning<\/strong> in the global business press. Media outlets around the world are taking stock of Trump v. Biden, Round II \u2014 it\u2019s the first rematch between US presidential contenders <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/presidential-race-rematch-history-biden-trump-cleveland-8d5c41537e397cb02924ef60e1183dca\" style=\"\" rel=\"noopener\">since 1956<\/a>. They\u2019re also asking what\u2019s next for Tiktok after the House of Representatives voted yesterday to give owner ByteDance six months to sell it or face a ban in the US of A. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Must-read on the US election:<\/strong><a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-biden-primary-georgia-washington-mississippi-hawaii-15bb0084ad656903ffef14cfae822abd\" style=\"\" rel=\"noopener\">Biden and Trump clinch nominations, setting the stage for a<\/a><a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-biden-primary-georgia-washington-mississippi-hawaii-15bb0084ad656903ffef14cfae822abd\" style=\"\" rel=\"noopener\">grueling general election rematch<\/a> (Associated Press).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Must-read on TikTok:<\/strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6857cfc9-077d-493f-945d-eafd1ba5bb20\" style=\"\" rel=\"noopener\">What\u2019s next for TikTok and its US users after House approves ban<\/a> (Financial Times).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cue the protectionists: Overseas takeovers of high-profile western companies are raising <\/strong><strong>hackles in London and Washington.<\/strong> Rishi Sunak is pushing for legislation that would <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/03\/13\/2024\/uk-to-ban-foreign-states-from-owning-newspapers-after-telegraph-controversy\" style=\"\" rel=\"noopener\">prevent UAE-backed RedBird IMI from bidding for The Telegraph<\/a>. And across the pond, Joe Biden is expected to speak out today against <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/biden-express-concern-over-nippon-steels-deal-us-steel-ft-reports-2024-03-13\/\" style=\"\" rel=\"noopener\">Nippon Steel\u2019s USD 14.9 bn bid for US Steel<\/a>.<\/p>\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:\/\/blockchain-life.com\/asia\/en\/\" style=\"\" rel=\"noopener\">Blockchain Life Forum 2024<\/a><\/strong><strong> is scheduled to run from Monday, 15 April to <\/strong><strong>Tuesday, 16 April<\/strong>,at Festival Arena in Dubai. The two-day event will gather web3 and crypto professionals from over 120 countries to discuss how to read and invest in the crypto market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.sharjahanimation.com\/\" style=\"\" rel=\"noopener\">The Sharjah Animation Conference<\/a><\/strong><strong>by the Sharjah Book Authority is set to run <\/strong><strong>from <\/strong><strong>1-5 May at Expo Centre Sharjah<\/strong>, gathering global animation leaders and artists.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gdp\/\">GDP<\/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\/moodys\/\">Moody\u2019s<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/parkin\/\">Parkin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/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=\"90001\" 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=\"90001\">\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\/14\/eagle-hills-to-invest-eur-5-bn-into-development-of-a-railway-station-in-budapest\/\">\r\n                            Eagle Hills to invest EUR 5 bn into development of a railway station in Budapest                        <\/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\/14\/eagle-hills-to-invest-eur-5-bn-into-development-of-a-railway-station-in-budapest\/\" 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\/14\/eagle-hills-to-invest-eur-5-bn-into-development-of-a-railway-station-in-budapest\/')\">\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\/14\/eagle-hills-to-invest-eur-5-bn-into-development-of-a-railway-station-in-budapest\/\">\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=Eagle Hills to invest EUR 5 bn into development of a railway station in Budapest&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/eagle-hills-to-invest-eur-5-bn-into-development-of-a-railway-station-in-budapest\/\">\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\/14\/eagle-hills-to-invest-eur-5-bn-into-development-of-a-railway-station-in-budapest\/&title=Eagle Hills to invest EUR 5 bn into development of a railway station in Budapest\">\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=Eagle+Hills+to+invest+EUR+5+bn+into+development+of+a+railway+station+in+Budapest+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F14%2Feagle-hills-to-invest-eur-5-bn-into-development-of-a-railway-station-in-budapest%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\/14\/eagle-hills-to-invest-eur-5-bn-into-development-of-a-railway-station-in-budapest\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1286.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90002\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/eagle-hills-to-invest-eur-5-bn-into-development-of-a-railway-station-in-budapest\/1286-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1286.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1286.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1286.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1286.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90001\" class=\"content-area-description single-story post-90001 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-construction 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\/.afbea949-e49c-41e9-8996-dd0222df86e5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Real estate developer Eagle Hills will help develop a Budapest neighborhood <\/strong><strong>under a EUR 5 bn agreement<\/strong> inked between Hungarian Foreign Minister Peter Szijjarto and UAE Trade Minister Thani Al Zeyoudi, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-13\/-5-5-billion-real-estate-deal-signed-by-hungary-and-united-arab-emirates?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Details around the agreement are vague, though the business information service says the developer will renovate a partly disused railway station <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-04\/hungary-plans-to-build-6-billion-dubai-style-budapest-district\" style=\"\" rel=\"noopener\">northeast of central Pest<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More funding from Hungary? <\/strong>Bloomberg reported late last year that the Budapest government will invest EUR 1 bn of its own funds to improve the surrounding infrastructure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next:<\/strong> Construction and Transport Minister Janos Lazar said the details of the project will be worked out in 1H 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The country had been eyeing foreign funding for the overhaul of the neighborhood into a \u201cDubai-style\u201d hub for a few months, though the proposed plan was met with dissent from the municipal government, who said it would crowd the country\u2019s historic skyline. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Eagle Hills has been expanding its reach in recent months: <\/strong>The Abu Dhabi-based developer last month <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/72625886-4a14-42be-91d6-609d89e6c719\/eagle-hills-%2B-udc-real-estate-are-investing-in-bahrain-and-egypt\" style=\"\" rel=\"noopener\">agreed<\/a> to establish a USD 4 bn real estate company in Bahrain to develop multi-purpose projects in the Kingdom. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/construction\/\">CONSTRUCTION<\/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=\"90003\" 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=\"90003\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/adnoc-bp-put-newmed-stake-acquisition-on-hold-uk-takes-another-step-towards-blocking-redbird-imis-telegraph-takeover-bid\/\">\r\n                            Adnoc, BP put NewMed stake acquisition on hold + UK takes another step towards blocking RedBird IMI\u2019s Telegraph takeover bid                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- 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href=\"https:\/\/api.whatsapp.com\/send?text=Adnoc%2C+BP+put+NewMed+stake+acquisition+on+hold+%2B+UK+takes+another+step+towards+blocking+RedBird+IMI%E2%80%99s+Telegraph+takeover+bid+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F14%2Fadnoc-bp-put-newmed-stake-acquisition-on-hold-uk-takes-another-step-towards-blocking-redbird-imis-telegraph-takeover-bid%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\/14\/adnoc-bp-put-newmed-stake-acquisition-on-hold-uk-takes-another-step-towards-blocking-redbird-imis-telegraph-takeover-bid\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1184.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90004\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/adnoc-bp-put-newmed-stake-acquisition-on-hold-uk-takes-another-step-towards-blocking-redbird-imis-telegraph-takeover-bid\/1184-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1184.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1184.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1184.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1184.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90003\" class=\"content-area-description single-story post-90003 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-adnoc tag-bp tag-energy tag-enterpriseam-uae tag-israel tag-israel-palestine-conflict tag-ma-watch tag-redbird-imi tag-telegraph wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.f341d118-9274-4576-961b-3e9f201e5800.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Not the best day for M&amp;A: <\/strong>We have news of two separate cross-border acquisitions from Emirati companies and investors that could fall through. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Abu Dhabi National Oil Company (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/\" style=\"\" rel=\"noopener\">Adnoc<\/a><\/strong><strong>) and UK energy giant BP have paused <\/strong><strong>negotiations on a USD 2 bn major stake purchase in Israel\u2019s NewMed Energy<\/strong> amid \u201cuncertainty created in the external environment,\u201d according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1289.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> from NewMed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not completely off the table:<\/strong> Adnoc and BP \u201cagain expressed interest\u201d in the stake purchase, the Israeli offshore natural gas producer said in the statement, and there is potential for the companies to complete their bid once geopolitical tensions have cooled, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-13\/bp-adnoc-deal-to-buy-stake-in-israel-s-newmed-is-suspended\" style=\"\" rel=\"noopener\">Bloomberg<\/a> cites a person familiar with the matter as saying. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Adnoc and BP agreed to jointly acquire 50% of the Israeli energy company for nearly USD 2 bn back in <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/adnoc-bp-bids-interest-israels-newmed-energy-2023-03-28\/\" style=\"\" rel=\"noopener\">March 2023<\/a>. As part of the acquisition, the companies planned to establish a new joint venture targeting gas development in the East Mediterranean, and other international areas of mutual interest.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc and BP have other plans in the meantime:<\/strong> Earlier in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9fd335ef-2113-4b8c-9749-0ac62362768a\" style=\"\" rel=\"noopener\">February<\/a>, the companies agreed to form a joint venture to develop natural gas assets in Egypt. Adnoc will provide funds to support the venture\u2019s expansion, while BP contributes its stakes in three development concessions.The JV is scheduled to go live in 2H 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/israels-newmed-says-bp-adnoc-buy-in-offer-hold-2024-03-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4767f282-c7a1-4b56-b0df-8d2e475f9f64\" style=\"\" rel=\"noopener\">Financial Times<\/a><\/strong><strong> also had the story.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>UK closer to blocking <\/strong><strong>RedBird IMI\u2019s GBP 600 mn bid<\/strong><strong> for the Telegraph: <\/strong>British Prime MinisterRishi Sunak has proposed amendments to legislation that would ban foreign state ownership of British newspapers and magazines, effectively blocking <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/59fd8189-c9c8-4b2e-be27-d38eee0f4ee7\" style=\"\" rel=\"noopener\">the<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/59fd8189-c9c8-4b2e-be27-d38eee0f4ee7\" style=\"\" rel=\"noopener\">acquisition<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/59fd8189-c9c8-4b2e-be27-d38eee0f4ee7\" style=\"\" rel=\"noopener\">of Telegraph Media Group<\/a> by Abu Dhabi-backed RedBird IMI, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3b025f0f-f44a-4ddc-b2e5-e452a3dd6d86\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports, citing plans outlined by UK Culture Minister Stephen Parkinson in the UK Parliament on Wednesday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> Proposed amendments will see the UK\u2019s competition watchdog, the Competition and Markets Authority, block any transactions involving a foreign state's influence over a British media group, with state influence stipulated as foreign governments acting in a private capacity and investing their private wealth. The legislation will be voted on in the next reading of a digital markets bill passing through parliament.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>RedBird IMI\u2019s take: <\/strong>A spokesperson from RedBird IMI told the FT that it was \u201cextremely disappointed\u201d by the move and is currently evaluating \u201cnext steps,\u201d adding that the acquisition is a \u201cfully commercial undertaking.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- RedBird IMI <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cc627f1a-b821-427a-842e-42996070d76b\/RedBird%20IMI%E2%80%99s%20Telegraph%20takeover%20bid%20could%20see%20more%20obstacles\" style=\"\" rel=\"noopener\">could be joined<\/a><\/strong><strong> by other companies<\/strong>, including Rupert Murdoch\u2019s News Corp and the owner of the Daily Mail, General Trust. This would dilute RedBird IMI\u2019s stake, potentially down to 25%, which could ease UK watchdogs\u2019 concerns over foreign state control of the media outlet, sources said earlier. RedBird IMI is majority owned by deputy prime minister Sheikh Mansour bin Zayed Al Nahyan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The transaction has been contested in the UK, with 73 British MPs, including a cabinet minister and frontbenchers from both political parties <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e911fc4f-36d5-45f5-b29d-395309f39dd0\" style=\"\" rel=\"noopener\">calling to halt<\/a> the takeover. UK Culture Secretary Lucy Frazer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/be5be1e6-9906-4e16-91ed-d2485804ec87\" style=\"\" rel=\"noopener\">issued an order<\/a> to prevent any further changes to the ownership of The Telegraph until the UK government completes its investigation into the takeover in February, and will decide on the bid next week after receiving findings from the Competition and Markets Authority on the acquisition.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/bp\/\">BP<\/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\/israel\/\">Israel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/israel-palestine-conflict\/\">Israel-Palestine conflict<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/redbird-imi\/\">Redbird IMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/telegraph\/\">Telegraph<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90005 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=\"90005\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/90005-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90005\" class=\"content-area-description single-story post-90005 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"http:\/\/www.mashreq.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/386.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90006\" 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=\"90006\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/gulf-capital-to-invest-usd-100-mn-in-saudi-startups-over-the-next-five-years\/\">\r\n                            Gulf Capital to invest USD 100 mn in Saudi startups over the next five years                        <\/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\/14\/gulf-capital-to-invest-usd-100-mn-in-saudi-startups-over-the-next-five-years\/\" 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\/14\/gulf-capital-to-invest-usd-100-mn-in-saudi-startups-over-the-next-five-years\/')\">\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\/14\/gulf-capital-to-invest-usd-100-mn-in-saudi-startups-over-the-next-five-years\/\">\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=Gulf Capital to invest USD 100 mn in Saudi startups over the next five years&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/gulf-capital-to-invest-usd-100-mn-in-saudi-startups-over-the-next-five-years\/\">\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\/14\/gulf-capital-to-invest-usd-100-mn-in-saudi-startups-over-the-next-five-years\/&title=Gulf Capital to invest USD 100 mn in Saudi startups over the next five years\">\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=Gulf+Capital+to+invest+USD+100+mn+in+Saudi+startups+over+the+next+five+years+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F14%2Fgulf-capital-to-invest-usd-100-mn-in-saudi-startups-over-the-next-five-years%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\/14\/gulf-capital-to-invest-usd-100-mn-in-saudi-startups-over-the-next-five-years\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1150.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90007\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/gulf-capital-to-invest-usd-100-mn-in-saudi-startups-over-the-next-five-years\/1150-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1150.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1150.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1150.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1150.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90006\" class=\"content-area-description single-story post-90006 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam-uae tag-gulf-capital tag-investment tag-investment-watch tag-saudi-arabia tag-startups tag-technology 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\/.68edcc8a-c792-4fbe-8bce-b16f5b88ec96.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Gulf Capital will invest over USD 100 mn in Saudi startups <\/strong><strong>over the next five years<\/strong> in a partnership with the Saudi Research Development and Innovation Authority (RDIA), a Gulf Capital <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1149.pdf\" style=\"\" rel=\"noopener\">press release<\/a> reads. <\/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 invest in Saudi tech startups in the healthcare, healthtech, technology, fintech, energy, renewables, sustainability, and future economies sectors, and help them expand across the Kingdom and further their regional and global expansion, the statement said. The asset manager will also help facilitate the entry of global innovators into the Saudi market, according to the statement.<\/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 an 18-year track record of investing in Saudi technology and innovation companies and helping them expand across Saudi Arabia and the broader region. In partnership with the RDIA, we look forward to increasing and accelerating our investments into high growth companies in the Kingdom,\u201d Gulf Capital Co-Founder and CEO Karim El Solh said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More on Gulf Capital:<\/strong> The asset management firm \u2014 which currently holds some USD 2.4 bn in assets under management \u2014 focuses primarily on late-stage control buy-outs, growth capital, private debt and real estate projects in the Middle East region. To date, Gulf Capital has poured SAR 2.2 bn ( cc. USD 586.6) in investments into the Kingdom, with Saudi Arabia's top payment services provider Geidea standing as one of its major investments.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gulf-capital\/\">Gulf Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/technology\/\">TECHNOLOGY<\/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=\"90008\" 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=\"90008\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/mubadala-to-anchor-us-based-vc\/\">\r\n                            Mubadala to back US-based Blue Opal 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\/14\/mubadala-to-anchor-us-based-vc\/\" 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\/14\/mubadala-to-anchor-us-based-vc\/')\">\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\/14\/mubadala-to-anchor-us-based-vc\/\">\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=Mubadala to anchor US-based VC&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/mubadala-to-anchor-us-based-vc\/\">\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\/14\/mubadala-to-anchor-us-based-vc\/&title=Mubadala to anchor US-based VC\">\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=Mubadala+to+anchor+US-based+VC+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F14%2Fmubadala-to-anchor-us-based-vc%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\/14\/mubadala-to-anchor-us-based-vc\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90009\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/mubadala-to-anchor-us-based-vc\/2193-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2193.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90008\" class=\"content-area-description single-story post-90008 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-blue-opal-capital tag-enterpriseam-uae tag-investment-watch tag-mubadala tag-private-equity tag-venture-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.6fbce075-934c-4153-8572-12436c8ffc21.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi sovereign wealth fund Mubadala will be an anchor investor <\/strong><strong>for New York-based private equity firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/blueopalcapital.com\/\" style=\"\" rel=\"noopener\">Blue Opal Capital<\/a><\/strong><strong>\u2019s second venture capital fund<\/strong> ahead of its IPO, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/13t8u6v-mubadala-anchor-blue-opal-capital%E2%80%99s-ventures-fund\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Details on the size of Mubadala\u2019s investment in the fund were not disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the fund: <\/strong>The fund will target identifying and investing in entrepreneurial VCs, primarily those based in the US, through a platform that operates as a fund of funds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala is ramping up its private credit investments to capitalize on the growing <\/strong><strong>demand for debt capital<\/strong> from high-growth tech businesses, its head of credit investments Fabrizio Bocciardi said in <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/wealth\/alternative-investments\/abu-dhabis-mubadala-commits-1bln-to-blue-owl-capitals-technology-lending-platform-jzeg1hod\" style=\"\" rel=\"noopener\">September<\/a>. The sovereign wealth fund also agreed with Goldman Sachs <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/42cb5948-afc5-4bb0-b1cf-4b5305d243ac\" style=\"\" rel=\"noopener\">last month<\/a> to co-invest USD 1 bn in private credit in \u201chigh quality companies and sponsors\u201d in the Asia-Pacific region, and earmarked USD 1 bn each for alternative asset manager <a target=\"_blank\" href=\"https:\/\/www.blueowl.com\/homepage\" style=\"\" rel=\"noopener\">Blue Owl Capital<\/a> \u2019s technology lending strategy to finance tech and software companies in <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/en\/news\/mubadala-commits-$1-billion-to-blue-owl\" style=\"\" rel=\"noopener\">September<\/a> and its JV with Ares Management in <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/en\/news\/ares-management-and-mubadala-announce-creation-joint-venture\" style=\"\" rel=\"noopener\">March<\/a> last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And some more: <\/strong>Mubadala set up a USD 2.5 bn JV with Alpha Dhabi to co-invest in global credit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d6da55df-6734-4eae-9068-baaf08af4819\" style=\"\" rel=\"noopener\">last year<\/a>. The wealth fund also took on the role of anchor investor 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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala isn\u2019t alone:<\/strong> The Abu Dhabi Investment Authority also 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. The asset class is expected to balloon to USD 2.3 tn in size by 2027, according to <a target=\"_blank\" href=\"https:\/\/www.morganstanley.com\/ideas\/private-credit-outlook-considerations#F2\" style=\"\" rel=\"noopener\">Morgan Stanley<\/a>.<\/p>\n<p class=\"tag-border-left\">OTHER INVESTMENT NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong>Saudi Venture Capital invests USD 30 mn Olive Rock Partners\u2019 private <\/strong><strong>equity fund:<\/strong><a target=\"_blank\" href=\"https:\/\/svc.com.sa\/en\/\" style=\"\" rel=\"noopener\">Saudi Venture Capital<\/a><a target=\"_blank\" href=\"https:\/\/svc.com.sa\/en\/\" style=\"\" rel=\"noopener\">(SVC)<\/a> poured USD 30 mn in Abu Dhabi-based <a target=\"_blank\" href=\"https:\/\/www.oliverockpartners.com\/\" style=\"\" rel=\"noopener\">Olive Rock Partners<\/a> \u2019 maiden private equity fund Olive Rock Partners Fund I, Saudi state <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2064704\" style=\"\" rel=\"noopener\">news agency SPA<\/a> reported yesterday, citing a SVC statement. Olive Rock Partners is an independent GCC-focused private equity fund based in the Abu Dhabi Global Market (ADGM).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details are scant<\/strong>: The fund will focus on investments in \u201cmid-market buyouts that are geographically advantaged and technologically enabled,\u201d according to the statements. No further details were provided on the fund or its planned investments.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/blue-opal-capital\/\">Blue Opal Capital<\/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\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/private-equity\/\">private equity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/venture-capital\/\">VENTURE CAPITAL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90010\" 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=\"90010\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/abu-dhabi-based-lunate-capital-and-jpmorgan-launch-uaes-first-bond-etf\/\">\r\n                            Abu Dhabi-based Lunate Capital and JPMorgan launch UAE's first bond ETF                        <\/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\/14\/abu-dhabi-based-lunate-capital-and-jpmorgan-launch-uaes-first-bond-etf\/\" 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\/14\/abu-dhabi-based-lunate-capital-and-jpmorgan-launch-uaes-first-bond-etf\/')\">\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\/14\/abu-dhabi-based-lunate-capital-and-jpmorgan-launch-uaes-first-bond-etf\/\">\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=Abu Dhabi-based Lunate Capital and JPMorgan launch UAE's first bond ETF&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/abu-dhabi-based-lunate-capital-and-jpmorgan-launch-uaes-first-bond-etf\/\">\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\/14\/abu-dhabi-based-lunate-capital-and-jpmorgan-launch-uaes-first-bond-etf\/&title=Abu Dhabi-based Lunate Capital and JPMorgan launch UAE's first bond ETF\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Abu+Dhabi-based+Lunate+Capital+and+JPMorgan+launch+UAE%27s+first+bond+ETF+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F14%2Fabu-dhabi-based-lunate-capital-and-jpmorgan-launch-uaes-first-bond-etf%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\/14\/abu-dhabi-based-lunate-capital-and-jpmorgan-launch-uaes-first-bond-etf\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1193.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90011\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/abu-dhabi-based-lunate-capital-and-jpmorgan-launch-uaes-first-bond-etf\/1193-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1193.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1193.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1193.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1193.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90010\" class=\"content-area-description single-story post-90010 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-adx tag-capital-markets tag-enterpriseam-uae tag-etfs tag-jpmorgan tag-lunate 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\/.ed46b117-93e1-4976-ab0d-eaf62a03ef62.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.lunate.com\/\" style=\"\" rel=\"noopener\">Lunate Capital<\/a><\/strong><strong> and<\/strong><strong> JPMorgan Chase are introducing the first bond<\/strong><strong> exchange-traded fund (ETF) for the UAE\u2019s bond market<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-13\/abu-dhabi-s-lunate-partners-with-jpmorgan-for-first-uae-bond-etf\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The Chimera JPMorgan UAE Bond UCITS ETF is set to debut on the ADX on 26 March. The index \u201caims to replicate the performance\u201d of the JPMorgan MECI UAE Investment Grade Custom Index, which monitors liquid, USD-denominated debt securities from UAE-based issuers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The index will cover investment-grade issuances with a face amount of at least USD 500 mn<\/strong>, including those issued by entities such as Mubadala Investment, the Emirate of Abu Dhabi, the UAE government, First Abu Dhabi Bank, Abu Dhabi National Energy Company, and the Investment Corporation of Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ETF will distribute dividends in June and December when available<\/strong>, and will have an indicative yield to maturity of 5.4% as of 7 March. The initial offering period runs from today until next Wednesday, 20 March, with an offering price set at AED 3.67 (USD 1).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adx\/\">ADX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etfs\/\">ETFs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/jpmorgan\/\">JPMorgan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/lunate\/\">Lunate<\/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=\"90012\" 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=\"90012\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/the-uae-is-the-worlds-second-biggest-destination-for-greenfield-fdi\/\">\r\n                            The UAE is the world\u2019s second-biggest destination for greenfield FDI                        <\/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\/14\/the-uae-is-the-worlds-second-biggest-destination-for-greenfield-fdi\/\" 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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FDI inflows grew by 33% y-o-y to reach USD 15.08 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Dubai maintained its top spot among cities with over 1k projects<\/strong>, while Abu Dhabi ranked 6th globally with 172 projects. It also led in terms of FDI flows, with USD 6.81 bn, Abu Dhabi close behind at USD 4.48 bn, according to the report. Sharjah secured USD 2.75 bn, primarily fueled by India-based Infinite Mining & Energy's investment in a new refinery in Hamriya Freezone.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown by sector: <\/strong>The businesses service sector had the largest share of greenfield FDI projects, with 383 projects during the year, followed by software and IT (269), financial services (131), industrial equipment (81), and real estate (54). Coal, oil and gas attracted the most FDI flows at USD 2.6 bn, mostly due to the USD 2.5 bn Hamriya refinery, according to the report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At 60 projects, Dubai was the leading city in new greenfield HQ projects<\/strong>, beating out Singapore (40 projects) and London (31). The UAE claimed the third spot globally, with 76 greenfield HQ projects, with the UK and US taking the top two spots.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is thanks to regulatory reforms and ease of doing business: \u201c<\/strong>The introduction of regulatory reforms, including the allowance of 100% foreign ownership in specific sectors, enhanced intellectual property protections, and streamlined licensing procedures, has significantly bolstered the UAE's appeal to international investors,\u201d the report said. \u201cThese changes have not only facilitated ease of doing business but have also instilled confidence among foreign investors regarding the protection of their investment,\u201d it added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Momentum expected to continue:<\/strong> The \u201csynergy between improved investment conditions and robust trade partnerships\u201d will help sustain the momentum of FDI flows and achieve the goal of USD 150 bn in FDI Inflows by 2031, according to Emirates NBD.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fdi\/\">FDI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90014\" 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=\"90014\">\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\">Banking<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/mashreq-plans-to-double-down-on-ai-for-new-app-with-an-eye-to-develop-a-superapp\/\">\r\n                            Mashreq plans to double down on AI for new app, with an eye to develop a superapp                        <\/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\/14\/mashreq-plans-to-double-down-on-ai-for-new-app-with-an-eye-to-develop-a-superapp\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The bank is looking to \u201csubstantially\u201d increase user engagement rates through the introduction of new, more individualized features. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cGenAI is especially exciting for us because it has the potential to unlock an <\/strong><strong>extraordinary level of intuitive personalization<\/strong>,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cFor banks, GenAI has enormous potential for process automation, cost efficiencies, <\/strong><strong>security, and customer services<\/strong>, be it for predictive analysis, personalized engagement, chatbots, fraud detection and prevention, anti-money laundering or risk management,\u201d he told us. \u201cIt will truly revolutionize how banks run, radically change the interface between banks and their customers, enabling lightning-fast, highly relevant, and nuanced experiences,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mashreq launched its new consolidated mobile banking app, Mashreq UAE, which <\/strong><strong>merges the Mashreq app with Mashreq Neo<\/strong>, late last year. The app creates a unified, single-login platform for clients to access different financial services, and weaves in AI through a virtual assistant and digital chatbot, the bank said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/958.pdf\" style=\"\" rel=\"noopener\">press release<\/a> at the time. It also streamlines the digital onboarding process for new customers, enabling them to open an account with biometric face recognition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE-<\/strong><strong>In the long term, the bank wants to develop the app into a <\/strong><strong>superapp<\/strong>, integrating both financial and non-financial services, Topilceanu told us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Feedback on the new app has been \u201coverwhelmingly positive,\u201d<\/strong> Topilceanu said, adding that the update has boosted the number of users on the app to 1.25 mn. Customer satisfaction with the digital onboarding process also significantly improved, he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The app allows users to access all of the bank\u2019s financial services through a single <\/strong><strong>platform<\/strong> \u2014 that includes investment solutions, trading, retail banking and Mashreq\u2019s young adults-focused NeoNXT, he explained. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90016\" 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=\"90016\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/difc-enacts-new-digital-assets-regime\/\">\r\n                            DIFC enacts new digital assets regime                        <\/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\/14\/difc-enacts-new-digital-assets-regime\/\" 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\/14\/difc-enacts-new-digital-assets-regime\/')\">\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\/14\/difc-enacts-new-digital-assets-regime\/\">\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=DIFC enacts new digital assets regime&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/difc-enacts-new-digital-assets-regime\/\">\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\/14\/difc-enacts-new-digital-assets-regime\/&title=DIFC enacts new digital assets regime\">\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=DIFC+enacts+new+digital+assets+regime+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F14%2Fdifc-enacts-new-digital-assets-regime%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\/14\/difc-enacts-new-digital-assets-regime\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/62.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90017\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/difc-enacts-new-digital-assets-regime\/62-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/62.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"62.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/62.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/62.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90016\" class=\"content-area-description single-story post-90016 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-digital-assets tag-dubai-international-financial-center tag-enterpriseam-uae tag-legislation-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.5417bae9-4f17-4571-940f-83b4ee70e7ba.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>DIFC rolls out the world\u2019s first Digital Assets Law:<\/strong> The Dubai International Financial Centre (DIFC) has enacted its new <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1191.pdf\" style=\"\" rel=\"noopener\">Digital Assets Law (pdf)<\/a>, accompanied by amendments to existing legislation to address the implications of the new digital assets regime, a DIFC <a target=\"_blank\" href=\"https:\/\/www.difc.ae\/whats-on\/news\/difc-announces-enactment-of-new-digital-assets-law---new-law-of-security-and-related-amendments\" style=\"\" rel=\"noopener\">press release<\/a> reads. The law came into force on 8 March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new law aims to provide clarity and a holistic legal framework for the usage of digital assets<\/strong>, according to the statement. Existing laws, such as the Contracts Law, Obligations Law, Security Law, Damages and Remedies Law, Trust Law, and Foundations Law, have been updated to address issues concerning digital assets, to keep up with the financial landscape as it evolves.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters:<\/strong> \u201cWe consider this legislation to be groundbreaking as the first legislative enactment to comprehensively set out the legal characteristics of digital assets as a matter of property law, and to provide for how digital assets may be controlled, transferred and dealt with by interested parties,\u201d DIFC Chief Legal Officer Jacques Visser said. \u201cIn recognizing the growing potential of digital assets, the DIFC boldly positions itself as a pioneer by enacting the world\u2019s inaugural digital assets law,\u201d Baker McKenzie Partner Mazen Boustany told Enterprise UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Digitizing paper trade documents:<\/strong> The DIFC also released updates to allow the usage of electronic transferable records, mirroring traditional trade paper documents such as bills of lading, bills of exchange, promissory notes, and warehouse receipts, the statement reads. These updates make international digital trade smoother by speeding up document processing, improving security, and allowing for automated transactions with smart contracts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DIFC also amended its Security Law to adapt to recent advancements in international secured transactions<\/strong>, particularly those involving digital assets as collateral. The new legislation \u2014 which replaces DIFC\u2019s 2005 Security Law \u2014 improves its securities regime, drawing from international models like UNCITRAL\u2019s Model Law on Secured Transaction and incorporating provisions from the new Digital Assets Law.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/digital-assets\/\">digital assets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-international-financial-center\/\">Dubai International Financial Center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/legislation-watch\/\">LEGISLATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90018\" 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=\"90018\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/global-investors-still-have-appetite-for-gcc-assets\/\">\r\n                            Global investors still have appetite for GCC assets                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/global-investors-still-have-appetite-for-gcc-assets\/\" 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\/14\/global-investors-still-have-appetite-for-gcc-assets\/')\">\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\/14\/global-investors-still-have-appetite-for-gcc-assets\/\">\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=Global investors still have appetite for GCC assets&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/global-investors-still-have-appetite-for-gcc-assets\/\">\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\/14\/global-investors-still-have-appetite-for-gcc-assets\/&title=Global investors still have appetite for GCC assets\">\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=Global+investors+still+have+appetite+for+GCC+assets+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F14%2Fglobal-investors-still-have-appetite-for-gcc-assets%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\/14\/global-investors-still-have-appetite-for-gcc-assets\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90018\" class=\"content-area-description single-story post-90018 post type-post status-publish format-standard hentry category-investment-watch tag-enterpriseam-uae tag-hsbc tag-investment-watch tag-private-equity 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\/.c2a0fe7c-2f05-4cff-b651-4dfeeb782279.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Reforms drive robust inflows into GCC asset markets:<\/strong> Global investor interest in the GCC has picked up momentum amid reforms being enacted at a \u201cphenomenal\u201d pace, creating \u201ca powerful and persuasive story\u201d for investment, HSBC\u2019s Regional Head of Markets & Securities Services for MENAT, Nabeel Albloushi said at HSBC\u2019s MENAT Future Forum in Dubai, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1174.pdf\" style=\"\" rel=\"noopener\">a release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A \u201ccompelling case\u201d for investment:<\/strong> The reforms \u2014 including introducing new hedging instruments and boosting institutional investor participation in asset markets \u2014 have spurred \u201cUSD bns of fund inflows,\u201d Albloushi said. \u201cThe region has momentum with strong growth, healthy public finances, strong demographics and lower inflation than many other parts of the world,\u201d Albloushi added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE is paying attention:<\/strong> The government is planning to implement new policies to ramp up the asset management sector\u2019s contribution to the national economy, including \u201c[simplifying] licensing process with substantially reduced timelines,\u201d Securities and Commodities Authority chief executive, Maryam Buti Al Suwaidi, said at the forum.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hsbc\/\">HSBC<\/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\/private-equity\/\">private equity<\/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=\"90019\" 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=\"90019\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">CABINET WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/dubai-plans-digital-platform-for-setting-up-businesses-in-the-emirate\/\">\r\n                            Dubai plans digital platform for setting up businesses in the emirate                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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                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+plans+digital+platform+for+setting+up+businesses+in+the+emirate+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F14%2Fdubai-plans-digital-platform-for-setting-up-businesses-in-the-emirate%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\/14\/dubai-plans-digital-platform-for-setting-up-businesses-in-the-emirate\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1471.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90020\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/dubai-plans-digital-platform-for-setting-up-businesses-in-the-emirate\/1471-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1471.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1471.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1471.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1471.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90019\" class=\"content-area-description single-story post-90019 post type-post status-publish format-standard has-post-thumbnail hentry category-cabinet-watch tag-cabinet-watch tag-dubai tag-dubai-executive-council tag-enterpriseam-uae tag-investment 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\/.b3e27cea-8bcb-418a-be0c-9b25eae9b8ed.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Yesterday was all about facilitating business and investment for Dubai<\/strong>, with the emirate\u2019s government issuing two decisions aimed at improving its investment environment and expediting regulatory procedures. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Getting licensed in Dubai will be smooth(er) sailing from now on: <\/strong>Companies seeking to set up shop in Dubai will now be able to obtain all the licenses needed from a new unified digital platform for establishing companies in the emirate, following a decree fromDubai Ruler Sheikh Mohammed bin Rashid Al Maktoum, according to a <a target=\"_blank\" href=\"https:\/\/sheikhmohammed.ae\/en-us\/News\/Details?nid=29657\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The platform will serve as an integrated channel <\/strong>allowing investors to complete all their registration and licensing procedures, preventing procedure duplication by streamlining the issuance of licenses and permits through a single channel. The platform will enable companies to apply for licenses and obtain them from all relevant regulatory bodies, including the Department of Economy and Tourism, the Dubai International Financial Centre (DIFC), special development zones and freezone authorities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dubai\u2019s Executive Council chairman Sheikh Hamdan bin Rashid Al Maktoum also issued a new decision designed to facilitate investment procedures <\/strong>in the emirate, the statement reads. The decision sets out a raft of measures, including streamlining registration on the <a target=\"_blank\" href=\"https:\/\/app.invest.dubai.ae\/start\" style=\"\" rel=\"noopener\">Invest in Dubai<\/a> digital platform, unifying digital data registration, providing instant licensing and license renewal, one-step fee payment, and the standardization of procedures, rules and conditions.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cabinet-watch\/\">CABINET WATCH<\/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\/dubai-executive-council\/\">Dubai Executive Council<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90021\" 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=\"90021\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/traveltech-seeru-secured-pre-seed-funding-led-by-us-based-nabtah-ventures\/\">\r\n                            Traveltech Seeru secured pre-seed funding led by US-based Nabtah Ventures                        <\/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\/14\/traveltech-seeru-secured-pre-seed-funding-led-by-us-based-nabtah-ventures\/\" 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\/14\/traveltech-seeru-secured-pre-seed-funding-led-by-us-based-nabtah-ventures\/')\">\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\/14\/traveltech-seeru-secured-pre-seed-funding-led-by-us-based-nabtah-ventures\/\">\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=Traveltech Seeru secured pre-seed funding led by US-based Nabtah Ventures&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/traveltech-seeru-secured-pre-seed-funding-led-by-us-based-nabtah-ventures\/\">\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\/14\/traveltech-seeru-secured-pre-seed-funding-led-by-us-based-nabtah-ventures\/&title=Traveltech Seeru secured pre-seed funding led by US-based Nabtah Ventures\">\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=Traveltech+Seeru+secured+pre-seed+funding+led+by+US-based+Nabtah+Ventures+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F14%2Ftraveltech-seeru-secured-pre-seed-funding-led-by-us-based-nabtah-ventures%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\/14\/traveltech-seeru-secured-pre-seed-funding-led-by-us-based-nabtah-ventures\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1200.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90022\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/traveltech-seeru-secured-pre-seed-funding-led-by-us-based-nabtah-ventures\/1200-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1200.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1200.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1200.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1200.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90021\" class=\"content-area-description single-story post-90021 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam-uae tag-nabtah tag-seeru tag-startup-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.af1c8e7f-069a-4b9d-a5fd-30187ab95b1d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE-based traveltech <\/strong><strong><a target=\"_blank\" href=\"https:\/\/seeru.ae\/\" style=\"\" rel=\"noopener\">Seeru<\/a><\/strong><strong> closed an undisclosed pre-seed funding round led by <\/strong><strong>US-based Nabtah Ventures<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/seeru.ae\/blog\/seeru-secures-pre-seed-from-nabtah-to-transform-travel-market\" style=\"\" rel=\"noopener\">company statement<\/a>. Although no exact figure was disclosed, \u201cthe amount falls within the typical range for pre-seed rounds, typically in the six-figure range,\u201d co-founder and CEO Abd Elmohaimen Mansi told Enterprise UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where the money is going:<\/strong>Seeru plans to use the funding to improve its product development and technology, as well as support recruitment efforts, marketing initiatives, global expansion plans, Mansi said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global expansion strategy:<\/strong> \u201cOur strategy for expanding our global presence revolves around two key products aimed at different segments,\u201d Mansi told us. \u201cFirstly, our B2C product targets any traveler in the MENA region and beyond, providing them with a straightforward flight booking process. Secondly, our B2B product is geared towards companies and travel agencies in the region, offering direct access to extensive flight content for their employees and senior management,\u201d he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Future expansion initiatives include introducing a specialized Umrah platform in 3Q 2024<\/strong> and unveiling a distinctive travel marketplace catering to explorers in 4Q 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Seeru: <\/strong>Co-founded by Mansi and Abdullah Mancy, Dubai-based Seeru seeks to streamline travel planning. With a diverse team spanning four countries, the company serves various sectors including individual travelers, organizations, travel agencies, and meta-search companies. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nabtah\/\">Nabtah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/seeru\/\">Seeru<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90023\" 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=\"90023\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/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\/14\/national-media-office-gets-new-director-general\/\">\r\n                            National Media Office gets new director general                        <\/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\/14\/national-media-office-gets-new-director-general\/\" 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\/14\/national-media-office-gets-new-director-general\/')\">\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\/14\/national-media-office-gets-new-director-general\/\">\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=National Media Office gets new director general&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/national-media-office-gets-new-director-general\/\">\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\/14\/national-media-office-gets-new-director-general\/&title=National Media Office gets new director general\">\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=National+Media+Office+gets+new+director+general+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F14%2Fnational-media-office-gets-new-director-general%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\/14\/national-media-office-gets-new-director-general\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1243.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90024\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/national-media-office-gets-new-director-general\/1243-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1243.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1243.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1243.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1243.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90023\" class=\"content-area-description single-story post-90023 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-uae tag-moves tag-national-media-office 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\/.451838f1-942d-45cc-9960-bf2a7ededb8b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">President Sheikh Mohammed bin Zayed Al Nahyan has appointed <strong>Jamal Mohammed <\/strong><strong>Obaid Al Kaabi<\/strong> as <strong>director general<\/strong> of the <strong>National Media Office<\/strong>, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/ar\/article\/b24g6r4-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A9-%D9%8A%D8%B5%D8%AF%D8%B1-%D9%85%D8%B1%D8%A7%D8%B3%D9%8A%D9%85-%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF%D9%8A%D8%A9-%D8%A8%D8%AA%D8%B9%D9%8A%D9%8A%D9%86-%D8%AC%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D9%83%D8%B9%D8%A8%D9%8A\" style=\"\" rel=\"noopener\">Wam<\/a>. The president also tapped <strong>Ibrahim Abdul Latif Ahmed Al Mousa<\/strong> as executive director of the authority\u2019s support services sector, and <strong>Muhammad Ali Muhammad Al-Dhahouri <\/strong>as executive director of the authority\u2019s media operations sector.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/national-media-office\/\">National Media Office<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    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YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90026\" 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=\"90026\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/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\/14\/adcb-hsbc-commercial-bank-of-dubai-among-underwriters-for-investcorps-usd-800-mn-rcf\/\">\r\n                            ADCB, HSBC, Commercial Bank of Dubai among underwriters for Investcorp\u2019s USD 800 mn RCF                        <\/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\/14\/adcb-hsbc-commercial-bank-of-dubai-among-underwriters-for-investcorps-usd-800-mn-rcf\/\" 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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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1277.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90027\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/adcb-hsbc-commercial-bank-of-dubai-among-underwriters-for-investcorps-usd-800-mn-rcf\/1277-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1277.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1277.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1277.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1277.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90026\" class=\"content-area-description single-story post-90026 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam-uae tag-infrastructure tag-investment tag-tech tag-tourism 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\/.2e3c1eb7-1310-4752-8684-f7e26a750470.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>Investcorp Capital\u2019s USD 800 mn revolving credit facility was underwritten by a<\/strong><strong> consortium of five banks:<\/strong> Abu Dhabi Commercial Bank, Al Ahli Bank of Kuwait (DIFC Branch), Commercial Bank of Dubai, Gulf International Bank and HSBC Middle East Limited, Investcorp Capital said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1214.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI:<\/strong> Investcorp Capital entered into the revolving credit facility agreement with a syndicate of regional and international banks <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b58575d7-d68a-49f8-a40a-1d9f0b5a8d7e\/%253cmark%253einvestcorp-%253c%2Fmark%253ecapital-secures-usd-800-mn-rcf-from-regional-and-int%25e2%2580%2599l-lenders\" style=\"\" rel=\"noopener\">earlier this week<\/a>. This four-year term facility, extendable by one year, offers more favorable pricing terms compared to the existing facility from Investcorp Group.<\/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\"> REAL ESTATE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi-based real estate developer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aldar.com\/en\" style=\"\" rel=\"noopener\">Aldar Properties<\/a><\/strong><strong> launched small-scale<\/strong><strong> mid-rise residential project Nouran Living in Saadiyat Island\u2019s Marina District<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1152.pdf\" style=\"\" rel=\"noopener\">press release<\/a>. Nouran Living offers 372 units, starting at AED 750k, open to all nationalities. Units will be available from next Tuesday, 19 March.<\/p>\n<p class=\"tag-border-left\"> INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">) <strong>#1- Quantum cryptography communications facility launches in UAE:<\/strong> Abu Dhabi's Technology Innovation Institute has launched the Abu Dhabi Quantum Optical Ground Station, the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/technology\/technology-innovation-institute-launches-abu-dhabi-quantum-optical-ground-station\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a> reports. The ground station will integrate Abu Dhabi and the wider UAE into the global Quantum Key Distribution network, ensuring secure and private communication through tamper-proof encryption keys. <\/p>\n<p><strong>SOUND SMART- <\/strong>The Quantum Key Distribution network is a form of quantum cryptography, ensuring that the sender of the information can distribute a key using quantum means ensuring security of data transmitted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #2- Abu Dhabi, Korea to ramp up transport systems: <\/strong>Abu Dhabi\u2019s <a target=\"_blank\" href=\"https:\/\/www.dmt.gov.ae\/en\" style=\"\" rel=\"noopener\">Municipalities and<\/a><a target=\"_blank\" href=\"https:\/\/www.dmt.gov.ae\/en\" style=\"\" rel=\"noopener\">Transport Department<\/a> and Korea\u2019s Land, Infrastructure and Transport Ministry inked an agreement to cooperate and swap expertise to advance sustainable transport solutions and urban development, reports the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/infrastructure\/department-of-municipalities-and-transport-receives-republic-of-korea-delegation-to-cooperate-in-mobility-and-smart-city-innovation\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Saudi Arabia\u2019s Acwa Power has received the commercial operation certificate <\/strong><strong>for <\/strong><strong>its Al Taweelah desalination plant in Abu Dhabi, <\/strong>according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lY_RboIwFIafxQdYetBQ2CWODFlQQXQKN6aWDkmEklLI3NOvlWVGNxfX9KLn9Pv_8x-Uog1KK9IVOZEFr8hB1UmKt6aDYTixYQ6T5RNgiD28WtqGO8RofQnYUw9DNHOi-dAywXsFlP5LD3FoQvQcTkcBLMADfJ8ebhznjvnpJTJ3Hi2V4GXs-YEzsrF1Dfyy4tWQnzucgD9C6i2smzF9A60Fa3grKEOLnEmnqnhbUVaySgZFI10iCYoooXsWsI4dQpIzFOuxJOuKhotGUyh5MHSvYVRy4dZ-9t05ljt-QIl-14JnLZXLY836huTK_utdK-O4-FCVAb0VEXR_ZvX_rC13TLg7xejWm-Dl2YDo5FTn7kXGtk8g2buMT2Y9lylFyETBVUZUl6vVBgp_Ox3PzO7y5s5g8AmxuTpx\/dz\/d5\/L0lHSklna0tDbEVKSUtJS1VRb2dwUkEhIS9vSHdRQUVNSUFBQ0VFaGdDS000emxHWUVLVWxTVUtXdEcwWVdnQSEhLzRKQ2lqc1lwTWhUalVFNWxFbXQyVXR0TlF6VzdLVzFtbzVBIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9jb21wYW55U3ltYm9sLzIwODIvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzc4NzAx\/\" style=\"\" rel=\"noopener\">statement<\/a>. The certificate \u2014 issued by Emirates Water and Electricity (Ewec) \u2014 is for the launch of the remaining 76k cbm\/day phase of the project, which already began operating at a capacity of some 454.6k cbm\/day of desalination capacity <a target=\"_blank\" href=\"https:\/\/www.acwapower.com\/news\/acwa-power-and-ewec-announce-the-start-of-operations-for-the-first-phase-of-al-taweelah-iwp-the-worlds-largest-reverse-osmosis-water-desalination-facility\/\" style=\"\" rel=\"noopener\">in 2022<\/a>. With this latest addition, the project \u2014 which <a target=\"_blank\" href=\"https:\/\/acwapower.com\/en\/projects\/al-taweelah-iwp\/\" style=\"\" rel=\"noopener\">cost USD 874 mn<\/a> \u2014 has now achieved full commercial operation with a total capacity of 909.2k cbm\/day. Acwa Power owns a 40% stake in the project company, with the remaining 60% owned by UAE\u2019s Abu Dhabi Power Corporation and Mubadala Development Company.<\/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>Kezad + Al Masaood Auto ink agreement for spare parts warehouse:<\/strong> AD Ports subsidiary Khalifa Economic Zones Abu Dhabi (Kezad) and Abu Dhabi based <a target=\"_blank\" href=\"https:\/\/www.masaood.com\/en\/our-business\/automotive\/al-masaood-automobiles\/\" style=\"\" rel=\"noopener\">Al Masaood Automobiles<\/a> have inked a lease agreement for 12k square meters of warehousing space in Kezad to serve as their spare parts logistics center, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2024\/03\/13\/al-masaood-automobiles-to-set-up-spare-parts-logistics-centre-in-kezad\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement looks to streamline Al Masaood\u2019s operations by boosting availability and dispatch rates for spare parts. No details regarding investments and timelines were disclosed in the statement.<\/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- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.etihadcargo.com\/en\" style=\"\" rel=\"noopener\">Etihad Cargo<\/a><\/strong><strong> has entered into a partnership with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/awery.aero\/\" style=\"\" rel=\"noopener\">Awery Aviation<\/a><\/strong><strong>Software to boost its <\/strong><strong>charter service capabilities <\/strong>by adopting Awery\u2019s enterprise resource planning (ERP) system for its cargo chartering program, according to a <a target=\"_blank\" href=\"https:\/\/www.etihadcargo.com\/en\/news\/etihad-cargo-streamlines-charter-operations-in-partnership-with-awery\" style=\"\" rel=\"noopener\">press release<\/a>. The ERP system will allow Etihad Cargo to categorize and prioritize charter queries, strengthen analytics and data storage for performance evaluation, and enhance pricing capabilities. The move will help the company meet increased demand for charter services on the back of a boom in e-commerce.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates SkyCargo goes live on cargo.one: <\/strong><a target=\"_blank\" href=\"https:\/\/www.skycargo.com\/\" style=\"\" rel=\"noopener\">Emirates SkyCargo<\/a> is now available on cargo.one, allowing customers to see Emirates SkyCargo schedules, rates, and real-time capacity while enabling instant bookings, according to the <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/March\/13-03\/Emirates-SkyCargo\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> CONSTRUCTION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Malaysian firm contracted for Ras Al Khaimah resort:<\/strong> Malaysian engineering and construction firm <a target=\"_blank\" href=\"https:\/\/www.eversendai.com\/\" style=\"\" rel=\"noopener\">Eversendai<\/a> was awarded a contract to develop the structural steel work for the 1.5k room Wynn Al Marjan Island Integrated Resort Development in Ras Al Khaimah, the firm said in a <a target=\"_blank\" href=\"https:\/\/www.bursamalaysia.com\/market_information\/announcements\/company_announcement\/announcement_details?ann_id=3430202\" style=\"\" rel=\"noopener\">filing to Bursa Malaysia<\/a>. The development will be carried out by the company\u2019s subsidiary, Eversendai Mega Structure. The steel scope project for the resort is among a slew of new projects worth a collective RM 5.4 bn (AED 4.23 bn) the company secured in the UAE, Saudi Arabia, and India.<\/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\"> INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Abu Dhabi, Western Australia to deepen economic cooperation:<\/strong> Abu Dhabi Investment Office (<a target=\"_blank\" href=\"https:\/\/www.investinabudhabi.ae\/\" style=\"\" rel=\"noopener\">Adio<\/a>) and <a target=\"_blank\" href=\"https:\/\/www.wa.gov.au\/organisation\/department-of-jobs-tourism-science-and-innovation%5C\" style=\"\" rel=\"noopener\">Western Australia\u2019s Department of Jobs, Tourism, Science and Innovation<\/a> inked an agreement to explore collaboration within the Diversify WA Strategy and Adio\u2019s strategic clusters, and additional areas of mutual economic interests, reports the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/abu-dhabi-investment-office-partners-with-western-australia-department-of-jobs-tourism-science-and-innovation-to-accelerate-economic-growth-across-key-sectors\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The agreement will see the entities cooperate to support large-scale mining and industrial operations, startups, and SMEs, as well as promote cross-sector activities, including supply chain development and advanced manufacturing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE <\/strong><strong>\u2764\ufe0f<\/strong><strong> Australia for trade: <\/strong>The UAE is Australia\u2019s largest trade and investment partner in the Middle East, with bilateral trade reaching USD 9.3 bn in 2022. The countries launched negotiations for a Comprehensive Economic Partnership Agreement to enhance trade and investment flows in <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/aq3m9nu-uae-australia-launch-negotiations-towards\" style=\"\" rel=\"noopener\">December 2023<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- UAE, Europe to deepen economic ties: <\/strong>The government\u2019s global investment arm Investopia inked an agreement with Milan\u2019s <a target=\"_blank\" href=\"https:\/\/www.efgconsulting.it\/en\/\" style=\"\" rel=\"noopener\">EFG Consulting<\/a> to develop a joint framework to enhance UAE-Europe economic ties and promote investments between the UAE and Italy, reports <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b24geg5-investopia-signs-mou-with-efg-consulting-explore\" style=\"\" rel=\"noopener\">Wam<\/a>. The partnership comes ahead of the upcoming Investopia Europe event in Milan, aiming to ramp up sustainability across economic and social sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cloudflare sets up shop in Dubai: <\/strong>US connectivity cloud company <a target=\"_blank\" href=\"https:\/\/www.cloudflare.com\/\" style=\"\" rel=\"noopener\">Cloudflare<\/a> inaugurated a new office in Dubai Internet City, to be led by Cloudflare\u2019s head of Middle East sales, Bashar Bashaireh (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/basharbashaireh?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), it said in a <a target=\"_blank\" href=\"https:\/\/www.cloudflare.com\/press-releases\/2024\/cloudflare-expands-presence-and-team-in-middle-east\/\" style=\"\" rel=\"noopener\">statement<\/a>. The move comes in a bid to boost the company\u2019s investment in the Middle East. \u201cCountries like the UAE and Saudi Arabia rank among the highest worldwide when it comes to access to the Internet, making the region a powerful source of growth and innovation,\u201d says Cloudflare co-founder and president Michelle Zatlyn.<\/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\"> SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local space sector set for upgrade: <\/strong>Abu Dhabi\u2019s <a target=\"_blank\" href=\"https:\/\/dct.gov.ae\/\" style=\"\" rel=\"noopener\">Department of Culture and Tourism<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.mbrsc.ae\/\" style=\"\" rel=\"noopener\">Mohammed Bin Rashid Space Centre<\/a> inked an agreement to advance national space exploration capabilities, focusing on education, awareness programs, and knowledge exchange, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/technology\/department-of-culture-and-tourism-abu-dhabi-partners-with-mohammed-bin-rashid-space-centre-to-support-development-of-uaes-space-sector\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tourism\/\">tourism<\/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=\"90028\" 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=\"90028\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/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\/14\/behind-the-btc-surge\/\">\r\n                            Behind the BTC surge                        <\/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\/14\/behind-the-btc-surge\/\" 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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What that [redacted] are you talking about? <\/strong>\u201cThe halving\u201d (BTC bulls insist it is \u201cThe Halving, a proper noun) is a mechanism built into the cryptocurrency designed to control the supply of new coins \u2014 effectively ensuring it remains valuable. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it works: <\/strong>BTC has a built-in limit of 21 mn coins. The halving is a programmed event (architected by BTC\u2019s pseudonymous creator, Satoshi Nakamoto) that cuts the reward for miners in half, roughly every four years, thus controlling supply and making it hard to hit 21 mn coins in circulation (cf: <a target=\"_blank\" rel=\"noopener\">Zeno\u2019s Paradox<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s happened before: <\/strong>When BTC was first introduced, the reward for mining a block (<a target=\"_blank\" href=\"https:\/\/help.coinbase.com\/en\/coinbase\/getting-started\/crypto-education\/what-is-the-bitcoin-blockchain\" style=\"\" rel=\"noopener\">IYKYK<\/a>) was 50 BTC. The reward dropped to 25 BTC in 2012 (the first halving), then to 12.5 BTC in 2016, and to 6.25 BTC in 2020. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why is it important? <\/strong>The idea is that the halving makes it less attractive for \u201cminers\u201d to make BTC, thus slowing its production and putting a floor under the price \u2014<strong> kind of like OPEC+ output cuts designed to make sure oil remains expensive.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When will the \u201chalving\u201d happen? <\/strong>Nobody knows for sure, but most likely in April, it seems. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How is it impacting price? <\/strong>Some pundits think the prospect of tighter supply going forward is behind BTC breaking the USD 72k barrier for the first time a few weeks back.<\/p>\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 trading sideways this morning <\/strong>after Wall Street's tech rally appeared to lose momentum, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/03\/14\/asia-markets-india-wpi-inflation-japan-shunto.html\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/03\/14\/asia-markets-india-wpi-inflation-japan-shunto.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reports. Futures suggest major European benchmarks are also heading for a mixed open, while things are looking up on Wall Street: Futures inched higher overnight as traders shrugged off a 46% slump in EV maker Fisker's shares after the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/autos\/electric-vehicle-startup-fisker-prepares-for-possible-bankruptcy-filing-26e63d32\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/business\/autos\/electric-vehicle-startup-fisker-prepares-for-possible-bankruptcy-filing-26e63d32\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> suggested it had hired bankruptcy advisors.<\/p>\n<p><a target=\"_blank\" id=\"t.84979cf57310da0d7b86b487bc5f432c2826e008\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,244<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: -3.5%)<\/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>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\">4,259<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +4.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,703<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: -3.6%)<\/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\">5.4% 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\">12,723<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: +6.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">31,014<\/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\">-5.0% (YTD: +25.0%)<\/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>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\">5,165<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +8.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,772<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +0.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,001<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +10.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 84.03<\/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\">+2.6%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 1.66<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 2,176<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 73,236<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+3.0% (YTD: +72.9%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.2% yesterday<\/strong> on turnover of AED 1 bn. The index is down 3.5% 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>RAK Co. for White Cement and Construction Materials (+6.9%), GFH Financial Group (+5%) and Easy Lease Motorcycle Rental (+4.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>National Corporation for Tourism and Hotels (-4.9%), Sudatel Telecommunications Group (-2.5%) and Response Plus Holding (-2.3%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index closed up 0.2% on turnover of AED 1.2 bn, while Nasdaq Dubai is up 0.3%.<\/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><a target=\"_blank\" href=\"https:\/\/www.shuaa.com\/\" style=\"\" rel=\"noopener\">Shuaa Capital<\/a><\/strong><strong> is seeking bondholders\u2019 approval to change the terms of a USD 150 mn <\/strong><strong>bond issuance<\/strong>, due on 31 March<strong>, <\/strong>according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1225.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The investment bank approved the bonds back in <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1226.pdf\" style=\"\" rel=\"noopener\">October 2020 (pdf)<\/a>, priced at a coupon of 7.5% and listed on the London Stock Exchange\u2019s International Securities Market. It has since <a target=\"_blank\" href=\"https:\/\/www.tradearabia.com\/news\/BANK_415187.html#:~:text=SHUAA%20received%20support%20from%2093,2023%20until%20March%2031%2C%202024.\" style=\"\" rel=\"noopener\">extended<\/a> their maturity date once last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher: <\/strong>Shuaa saw its net losses <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b3a43530-70c0-404c-8fa2-227e0c99abad\" style=\"\" rel=\"noopener\">deepen<\/a> more than fivefold over the past year. The asset management firm has since accepted resignations from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8e67bef6-7d9f-4dbb-a4c4-4d8345b6f6d4\" style=\"\" rel=\"noopener\">some of its senior management<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi National Oil Company (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/\" style=\"\" rel=\"noopener\">Adnoc<\/a><\/strong><strong>) approved a dividend payout of AED 1.32 <\/strong><strong>bn for 2H 2023,<\/strong> bringing total dividends for the year to AED 2.63 bn, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1237.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/bitcoin\/\">Bitcoin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90030\" 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\/14\/90030-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90030\" class=\"content-area-description single-story post-90030 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>14 March-14 April (Thursday-Sunday): Dakakeen Festival,<\/span><span> Khorfakkan Amphitheatre.<\/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:400;\">26 March (Tuesday): Chimera JPMorgan UAE Bond UCITS ETF to debut on the ADX.<\/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>15-16 April <\/span><span>(Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/blockchain-life.com\/asia\/en\/\" style=\"\">Blockchain Life Forum 2024<\/a><\/span><span style=\"font-weight:400;\">, Festival Arena, 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;\">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>1-5 May (Wednesday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sharjahanimation.com\/agenda\" style=\"\">The Sharjah Animation Conference<\/a><\/span><span>, Expo <\/span><span>Centre<\/span><span style=\"font-weight:400;\"> Sharjah. <\/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 style=\"font-weight:400;\">, Al Ain and 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;\">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>19 May (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/investopia.ae\/events\/investopia-europe\/\" style=\"\">Investopia Europe<\/a><\/span><span style=\"font-weight:400;\">, Milan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2-4 June (Sunday-Tuesday): The World Air Transport Summit and International Air Transport Association (IATA)\u2019s annual general meeting, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): The Hotel Show, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): INDEX, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): WORKSPACE, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): Leisure Show, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">15 June (Saturday): Arafat day, national holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">16-18 June (Sunday-Tuesday): Eid Al-Adha, national holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">7 July (Sunday): Islamic new year, national holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">9-11 September (Monday-Wednesday): World Utilities Congress, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28-30 September (Saturday-Monday): World Association of Nuclear Operators (WANO) Biennial General Meeting, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">30-1 November (Wednesday-Friday): World Cities Cultural Summit, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11-14 November (Monday-Thursday): ADIPEC, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11-14 November (Monday-Thursday): ADIPEC Maritime and Logistics Exhibition and Conference, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">11-14 November (Monday-Thursday): ADIPEC Decarbonisation Accelerator, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2-3 December (Monday-Tuesday): National Day, public holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10-12 December (Tuesday-Thursday): Middle East Business Aviation, Dubai World Central.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Eagle Hills in Budapest | Gulf Capital to invest USD 100 mn in KSA startups | Lunate + JPMorgan to launch UAE\u2019s first bond ETF<\/p>\n","protected":false},"featured_media":89998,"menu_order":0,"template":"","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-89997","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e6921b86-5b8d-403c-a5ed-936a0ce821a2","teaser":"Eagle Hills in Budapest | Gulf Capital to invest USD 100 mn in KSA startups | Lunate + JPMorgan to launch UAE\u2019s first bond ETF","photo_url":"https:\/\/ent.news\/2024\/1\/2795.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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