{"id":90163,"date":"2024-03-19T00:00:00","date_gmt":"2024-03-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=90163"},"modified":"2025-12-14T23:48:29","modified_gmt":"2025-12-14T23:48:29","slug":"sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/","title":{"rendered":"Sheikh Ali bin Rashed Al Maktoum launches Hong Kong family office"},"content":{"rendered":"<section id=\"90165\" 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=\"90165\">\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\/19\/your-emirati-passports-will-last-longer-ceraweek-continues-in-texas\/\">\r\n                            THIS MORNING: Your passports will last longer + CERAWeek continues in Texas                        <\/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\/19\/your-emirati-passports-will-last-longer-ceraweek-continues-in-texas\/\" 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\/19\/your-emirati-passports-will-last-longer-ceraweek-continues-in-texas\/')\">\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\/19\/your-emirati-passports-will-last-longer-ceraweek-continues-in-texas\/\">\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=Your Emirati passports will last longer + CERAWeek continues in Texas&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/your-emirati-passports-will-last-longer-ceraweek-continues-in-texas\/\">\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\/19\/your-emirati-passports-will-last-longer-ceraweek-continues-in-texas\/&title=Your Emirati passports will last longer + CERAWeek continues in Texas\">\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=Your+Emirati+passports+will+last+longer+%2B+CERAWeek+continues+in+Texas+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F19%2Fyour-emirati-passports-will-last-longer-ceraweek-continues-in-texas%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\/19\/your-emirati-passports-will-last-longer-ceraweek-continues-in-texas\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1640.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90166\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/your-emirati-passports-will-last-longer-ceraweek-continues-in-texas\/1640-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1640.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1640.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1640.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1640.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90165\" class=\"content-area-description single-story post-90165 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-agthia tag-crypto tag-enterpriseam-uae tag-oil-watch tag-telecoms tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.1b40ef24-6a15-47dd-bec2-843388522b7a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends. <\/strong>We have another relatively brisk issue today, with a mixed bag of updates spanning capital markets, energy, and transport. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The biggest stories leading the news well this morning: <\/strong><\/p>\n<ul>\n<li>The <strong>Family Office of Sheikh Ali bin Rashed Al Maktoum inaugurated its first office outside of the UAE<\/strong> in Hong Kong \u2014 another indication of the UAE\u2019s growing bullishness on Asia; <\/li>\n<li><strong>Adnoc secured another LNG supply agreement for its Ruwais<\/strong> project;<\/li>\n<li><strong>Abu Dhabi is planning a 25km road <\/strong>to link Abu Dhabi island with the mainland. <\/li>\n<\/ul>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, when do we eat?<\/strong> Maghrib is at 6:33pm in Dubai, and 6:36pm in Abu Dhabi. Fajr prayers are at 5:06am in Dubai and 5:10am in Abu Dhabi.<\/p>\n<p class=\"tag-border-left\"> PUBLIC SERVICE ANNOUNCEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong> Emirati passports will now have a longer shelf life: <\/strong>The validity of Emirati passports for individuals aged 21 or above was extended to 10 years, from five years previously, at a cabinet meeting yesterday, reports state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b27fksk-mohammed-bin-rashid-chairs-uae-cabinet-meeting\" style=\"\" rel=\"noopener\">Wam<\/a>. Cabinet also expanded passport benefits to include further facilities and digital services for citizens.<\/p>\n<p class=\"tag-border-left\"> HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#<\/strong><strong>1-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/ceraweek.com\/index.html\" style=\"\" rel=\"noopener\">S&amp;P Global\u2019s CERAWeek<\/a><\/strong><strong> resumes in<\/strong><strong> Houston, Texas, until Friday.<\/strong> Adnoc CEO, Industry and Advanced Technology Minister, and UAE Special Envoy for Climate Change Sultan Ahmed Al Jaber will be on stage along with the chiefs of ExxonMobil and BP. Al Jaber is joined by a who\u2019s who of senior US and international policymakers, global energy and services executives, leaders of national oil companies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This year\u2019s big themes:<\/strong> The outlook for energy markets, policy and geopolitics, net-zero supply chains, the green transition in power markets, paying for the transition to greener energy, and climate and sustainability. Check out the full agenda <a target=\"_blank\" href=\"https:\/\/ceraweek.com\/program\/agenda.html?v=mon-6\" style=\"\" rel=\"noopener\">here<\/a> and the live stream <a target=\"_blank\" href=\"https:\/\/ceraweek.com\/promo\/cw24-live.html\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>From day one: <\/strong>Aramco CEO Amin Nasser thinks the world needs to \u201cabandon the fantasy of phasing out oil and gas,\u201d according to statements picked up by <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/ceraweek-saudi-aramco-ceo-argues-re-set-energy-transition-timetables-2024-03-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. \u201cWe should abandon the fantasy of phasing out oil and gas, and instead invest in them adequately, reflecting realistic demand assumptions, as long as essential,\u201d he said, adding that investments in alternative energy have yet to take the place of hydrocarbons at scale. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cAll this strengthens the view that peak oil and gas is unlikely for some time to come, let <\/strong><strong>alone 2030,\u201d <\/strong>he said, forecasting instead that developing economies will boost demand well into 2045. Nasser sees demand hitting a new record of 104 mn bpd this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Souq Al Freej Ramadan market is open in Sharjah National Park until 4 April<\/strong>, as part of the latest Sharjah Ramadan Festival, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13thevh-scci-inaugurates-souq-freej-market\" style=\"\" rel=\"noopener\">Wam<\/a>. The heritage-centered market spotlights local fashion and accessories and Emirati-inspired products from international brands daily from 7:30pm to 1am.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO THIS WEEK- The US Federal Reserve\u2019s Federal Open Markets Committee kicks off a two-day meeting <\/strong><strong>today. <\/strong>Market watchers will be parsing every word when the Fed\u2019s updated economic projections are made public tomorrow after the meeting. <\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong> Agthia still looking to make Egypt an export hub: <\/strong>ADQ-owned F&amp;B company <a target=\"_blank\" href=\"https:\/\/www.agthia.com\/\" style=\"\" rel=\"noopener\">Agthia<\/a> plans to set up an export facility in Egypt to serve markets in the Gulf and North Africa, Mubarak Al Mansoori, head of the company\u2019s snack sector and government relations, told the <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MENAArabic\/posts\/pfbid02o4PBfFj3khPUfbskYyuwWMwmXhUudNg3JnrN5yubQsTqyoQZ2Qbpo9kAaXSs6e7el\" style=\"\" rel=\"noopener\">Middle East News Agency<\/a>. No details were given on the project\u2019s value, location, or timeline. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bd4e09bb-a831-4dcf-b149-0ac5d4932182\" style=\"\" rel=\"noopener\">Last year<\/a>, Agthia announced its plans to make Egypt an export hub for its products.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plan<\/strong><strong> is part of a wider expansion strategy for Agthia<\/strong> to grow its foothold in large consumer markets such as Egypt and Saudi Arabia, according to Mansoori. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Agthia is poised to kickstart operations at its new Nabil protein manufacturing facility in Jeddah within the next three months<\/strong>, Mansoori said, adding that the factory was expanded with an investment of nearly AED 84 mn. Agthia had announced the expansion in <a target=\"_blank\" href=\"https:\/\/www.agthia.com\/news\/agthia-group-board-of-directors-approve-further-expansion-in-ksa-through-a-greenfield-investment\/\" style=\"\" rel=\"noopener\">May 2022<\/a>, saying that it will pour AED 90 mn into the construction of the factory \u201cin response to strong demand from local customers.\u201d <\/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=\"wwtt4\"><\/a><strong>#1- Subscriptions to telecom services in the UAE were up 5.5% y-o-y to 26.1 mn in 9M 2023<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-03-18-1.4840662\" style=\"\" rel=\"noopener\">Al Bayan<\/a> reports, citing data from the Telecommunications and Digital Government Regulatory Authority. Mobile phone subscriptions comprised 78% of total subscriptions during the period at 20.4 mn (up 6.5% y-o-y), with mobile prepaid subscriptions reaching 15.9 mn (up 5.9% y-o-y) and mobile postpaid subscriptions reaching 4.6 mn (up 8.7% y-o-y) in 9M 2023. Internet subscriptions covered 14% of total subscriptions at 3.7 mn in 9M 2023, while landline subscriptions made up 7% at 1.9 mn (up 1.2% y-o-y).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mobile phone subscriptions saw a penetration rate of some 220 lines per 100 people in 9M 2023<\/strong>,<strong> <\/strong>while internet subscriptions recorded a penetration rate of 40 subscriptions per 100 people, and landline subscriptions charted a penetration rate of 20.8 lines per 100 people.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#2- UAE crypto investors reeled in c.USD 204 mn in capital gains in 2023<\/strong>, amid a strong global market recovery, blockchain data firm <a target=\"_blank\" href=\"https:\/\/www.chainalysis.com\/blog\/cryptocurrency-gains-by-country-2023\/\" style=\"\" rel=\"noopener\">Chainalysis<\/a> said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/research-and-studies\/uae-crypto-investors-realised-estimated-gains-of-200mln-in-2023-jh75853r\" style=\"\" rel=\"noopener\">press release<\/a>. BTC was the preferred choice for UAE investors, contributing to 70% of their gains, followed by Ethereum at 24%, and XRP \u2014 the Ripple network's native token \u2014 at 3%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE ranked second in the GCC for the highest absolute gains made by crypto <\/strong><strong>investors<\/strong>, with Saudi Arabia leading with gains of USD 351 mn. No other GCC countries made it to Chainalysis' top 50 countries globally. Chainalysis calculated that in 2023, investors in the global crypto market collectively earned USD 37.6 bn, compared to USD 127.1 bn in losses recorded in 2022. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#3- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaichamberinternational.com\/en\/home\/\" style=\"\" rel=\"noopener\">Dubai International Chamber<\/a><\/strong><strong> attracted 34 new multinationals<\/strong><strong> in 2023<\/strong>, an increase of 580% y-o-y, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/March\/18-03\/Australian-and-Asian-businesses-accounted\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. Asian and Australian multinationals comprised half of that figure, while Latin American and European companies and Middle Eastern and Eurasian companies accounted for 23.5% of new multinationals, and African companies made up 3%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Multinationals offering financial services accounted for 18% of newly attracted companies during the year<\/strong>, followed by those in trade and logistics (15%), IT (12%), and retail, fashion, travel, and tourism (9%) sectors. Companies operating in manufacturing, mobility, and real estate sectors came in last.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The chamber inaugurated 16 new international representative offices in 2023, as part of an initiative to launch 50 offices by 2030, bringing the total number of international offices to 31.<\/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>Benjamin Netanyahu is sending a team to Washington <\/strong>after Joe Biden on Monday said that an assault on Rafah \u201cwould be a mistake.\u201d The Israeli delegation will arrive in DC \u201cwith alternative plans for the next stage of its offensive against Hamas in Gaza.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story leads global front pages this morning<\/strong>, along with a global food monitor\u2019s <strong>stark <\/strong><strong>warning that mass death due to starvation is now imminent in Gaza <\/strong>\u201cwithout an immediate ceasefire and surge of food to areas cut off by fighting. See: <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6741674d-2b3b-43f4-8120-b119bf97d843\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/gaza-suffers-famine-level-shortages-mass-death-imminent-un-backed-monitor-says-2024-03-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Donal Trump can\u2019t get a bond to cover the USD 454 mn civil-fraud judgment <\/strong>against him, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/us-news\/law\/trump-cant-secure-bond-for-454-million-civil-fraud-judgment-6c6fb7f1?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also worth knowing about this morning: <\/strong>The FT wonders <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/e2f62a3b-7ca5-4115-a993-73ecb3d9ff75\" style=\"\" rel=\"noopener\">whether UBS can \u201cbecome<\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/e2f62a3b-7ca5-4115-a993-73ecb3d9ff75\" style=\"\" rel=\"noopener\">Europe\u2019s Morgan Stanley\u201d<\/a>, another key exec is <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/stephanie-cohen-is-latest-senior-goldman-executive-to-depart-a50312a2?mod=hp_lead_pos9\" style=\"\" rel=\"noopener\">\u201cjoining an exodus of top female talent\u201d from Goldman Sachs<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-18\/old-embassy-is-latest-flashpoint-in-simmering-north-african-feud?srnd=homepage-middle-east&amp;sref=mmeFTDW1\" style=\"\" rel=\"noopener\">Tensions are again boiling between Algeria and Morocco<\/a>, which cut off diplomatic relations back in 2021. Bloomberg has a good <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-17\/why-the-fight-over-western-sahara-is-heating-up-again-quicktake?sref=mmeFTDW1\" style=\"\" rel=\"noopener\">backgrounder<\/a> if you want to get up to speed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FINALLY- An internet outage affecting West Africa could take up to five weeks to resolve <\/strong>as crews scramble to repair a damaged undersea cable, <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/03\/18\/2024\/africas-damaged-undersea-cables-disrupt-internet-for-weeks\" style=\"\" rel=\"noopener\">Semafor<\/a> reports. Among those impacted: Nigeria, Ghana, Senegal and C\u00f4te d\u2019Ivoire, where websites and online banking portals are down.<\/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>Abu Dhabi\u2019s industrialists career expo set for April:<\/strong> The Industry and Advanced Technology Ministry and Adnoc are teaming up to host the second edition of the Industrialists' Career Exhibition set to take place between April 22 and 23 at the Abu Dhabi Energy Centre, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b251tz3-2nd-industrialists-career-exhibition-run-22-23#:~:text=The%20Industrialists%20Career%20Exhibition%20is,well%20as%20unique%20training%20opportunities.%E2%80%9D\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>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\/agthia\/\">Agthia<\/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\/oil-watch\/\">OIL WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/telecoms\/\">telecoms<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"90167\" 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=\"90167\">\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\/19\/new-usd-500-mn-al-maktoum-family-office-inaugurated-in-hong-kong\/\">\r\n                            New USD 500 mn Al Maktoum family office inaugurated in Hong Kong                        <\/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\/19\/new-usd-500-mn-al-maktoum-family-office-inaugurated-in-hong-kong\/\" 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\/19\/new-usd-500-mn-al-maktoum-family-office-inaugurated-in-hong-kong\/')\">\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\/19\/new-usd-500-mn-al-maktoum-family-office-inaugurated-in-hong-kong\/\">\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=New USD 500 mn Al Maktoum family office inaugurated in Hong Kong&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/new-usd-500-mn-al-maktoum-family-office-inaugurated-in-hong-kong\/\">\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\/19\/new-usd-500-mn-al-maktoum-family-office-inaugurated-in-hong-kong\/&title=New USD 500 mn Al Maktoum family office inaugurated in Hong Kong\">\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=New+USD+500+mn+Al+Maktoum+family+office+inaugurated+in+Hong+Kong+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F19%2Fnew-usd-500-mn-al-maktoum-family-office-inaugurated-in-hong-kong%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\/19\/new-usd-500-mn-al-maktoum-family-office-inaugurated-in-hong-kong\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1554.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90168\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/new-usd-500-mn-al-maktoum-family-office-inaugurated-in-hong-kong\/1554-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1554.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1554.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1554.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1554.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90167\" class=\"content-area-description single-story post-90167 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam-uae tag-hong-kong tag-investment tag-investment-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\/.e1dd4915-cfbc-4fb4-af78-f6ba16567977.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Al Maktoum Office is in Hong Kong:<\/strong> The Family Office of Sheikh Ali bin Rashed Al Maktoum has inaugurated a new family office in Hong Kong, making it the first Emirati family office outside the UAE, Chairman Sheikh Ali Rashed Ali Saeed Al Maktoum and Vice Chairman Eleanor Mak told Bloomberg (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2024-03-18\/dubai-family-office-on-hong-kong-business-video\" style=\"\" rel=\"noopener\">watch, runtime 8:45<\/a>). The Hong Kong office \u2014 which is running with a fund of up to USD 500 mn \u2014 is looking to provide financing for companies across various sectors in Asia, in fields such as AI, construction, fintech, tourism, and electric vehicles, Mak said, without specifying a target size for investment tickets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The office is poised to make its first investment in the construction and real estate <\/strong><strong>sectors within this year<\/strong>, Sheikh Ali and Mak said, with discussions already underway with potential target companies. The two did not disclose further details on the companies they are eyeing or the expected size of the transaction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Hong Kong?<\/strong> The city is \u201cadvanced in so many aspects and has so much to offer in terms of investment opportunities and business expansion,\u201d according to Sheikh Ali, who also praised the city's legal and investment management services, as well as its connection to mainland China.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The family office's scope extends beyond Hong Kong<\/strong>, welcoming technologies from any countries or regions that hold potential for scalability in the UAE, according to Mak.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Hong Kong is looking to attract high net worth individuals amidst its economic recovery efforts and escalating US-China relations, according to <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-18\/dubai-royal-nephew-sets-500-million-family-office-in-hong-kong\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. With tax and residency incentives, it aims to bolster its appeal to family offices, countering Singapore's growing dominance in hosting family offices.<\/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\/hong-kong\/\">Hong Kong<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90169\" 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=\"90169\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/adnoc-secures-another-lng-supply-agreement-for-al-ruwais\/\">\r\n                            Adnoc secures 15-year LNG supply agreement for Al Ruwais                        <\/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\/19\/adnoc-secures-another-lng-supply-agreement-for-al-ruwais\/\" 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\/19\/adnoc-secures-another-lng-supply-agreement-for-al-ruwais\/')\">\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\/19\/adnoc-secures-another-lng-supply-agreement-for-al-ruwais\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Adnoc secures another LNG supply agreement for Al Ruwais&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/adnoc-secures-another-lng-supply-agreement-for-al-ruwais\/\">\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\/19\/adnoc-secures-another-lng-supply-agreement-for-al-ruwais\/&title=Adnoc secures another LNG supply agreement for Al Ruwais\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Adnoc+secures+another+LNG+supply+agreement+for+Al+Ruwais+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F19%2Fadnoc-secures-another-lng-supply-agreement-for-al-ruwais%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\/19\/adnoc-secures-another-lng-supply-agreement-for-al-ruwais\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2555.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90170\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/adnoc-secures-another-lng-supply-agreement-for-al-ruwais\/2555-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2555.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2555.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2555.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2555.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90169\" class=\"content-area-description single-story post-90169 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-adnoc tag-energy 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\/.251e5054-0973-4949-80b9-01ce5e2999c8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Adnoc to supply SEFE subsidiary with 1 mn tons of LNG: <\/strong>Abu Dhabi National Oil Company (Adnoc) signed a preliminary 15-year agreement with SEFE Marketing &amp; Trading Singapore, a subsidiary of Germany\u2019s state-owned energy firm Securing Energy for Europe (SEFE), to supply it with 1 mn tons of liquefied natural gas (LNG) per year, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b27fk5i-adnoc-signs-second-long-term-heads-agreement-for\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The LNG will be sourced from Adnoc\u2019s Ruwais LNG project, with deliveries set to commence in 2028 once the facility is operational. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>A finalized agreement will be subject to receiving regulatory approval and the companies reaching a definitive sale and purchase agreement. Adnoc is yet to make a final investment decision on the Ruwais project, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9b82da7f-5abf-4706-9357-0842a9172fa5\" style=\"\" rel=\"noopener\">expected to be reached in 1H 2024<\/a>. With the facility set to double the firm\u2019s LNG export capacity, Adnoc will use its own funds to further expand production. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Adnoc awarded an early engineering, procurement, and construction contract for the Ruwais project <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1fa8b22a-aa62-40a1-8cbb-78f7ec6884cc\/adnoc-advances%253cmark%253e-ruwais-%253c%2Fmark%253elng-project-with-early-contract\" style=\"\" rel=\"noopener\">last week<\/a><font face=\"Arial\">&nbsp;<\/font><\/strong>to a JV between engineering companies Technip Energies and JGC Corporation, and National Marine Dredging Company subsidiary National Petroleum Construction Company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc is lining up Ruwais supply agreements:<\/strong> Adnoc inked a similar 15-year agreement with <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-signs-first-long-term-lng-heads-of-agreement-from-ruwais-low-carbon-lng-project\" style=\"\" rel=\"noopener\">China's ENN Natural Gas<\/a> in December to deliver some 1 mn tons of LNG annually from the new plant. Adnoc Gas had also inked a 10-year contract with India\u2019s state-owned natural gas company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/189b32a3-e138-43cd-8405-6f8f82df5b4f\/adnoc-gas-signs-10-year-lng-contract-with-india\" style=\"\" rel=\"noopener\">Gail<\/a> to supply it with 500k tons of LNG per year, without specifying where the LNG will be sourced from. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company also inked LNG export agreements valued between USD 9.4 and 12 bn in 2023<\/strong>,<font face=\"Arial\"> <\/font>including a 14-year LNG supply agreement with the Indian Oil Corporation, a three-year agreement with <a target=\"_blank\" href=\"https:\/\/adnocgas.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-gas-signs-3-year-lng-supply-agreement-with-totalenergies-gas-and-power\" style=\"\" rel=\"noopener\">Total Energies<\/a>, and a five-year agreement with <a target=\"_blank\" href=\"https:\/\/adnocgas.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-gas---japex---ar\" style=\"\" rel=\"noopener\">Japan Petroleum Exploration<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90171 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"90171\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/90171-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90171\" class=\"content-area-description single-story post-90171 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"http:\/\/www.mashreq.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/386.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90172\" 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=\"90172\">\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\">INFRASTRUCTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/abu-dhabi-greenlights-aed-3-bn-road-projects-including-25km-road-to-abu-dhabi-island\/\">\r\n                            Abu Dhabi greenlights AED 3 bn road projects, including 25km road to Abu Dhabi island                        <\/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\/19\/abu-dhabi-greenlights-aed-3-bn-road-projects-including-25km-road-to-abu-dhabi-island\/\" 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\/19\/abu-dhabi-greenlights-aed-3-bn-road-projects-including-25km-road-to-abu-dhabi-island\/')\">\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\/19\/abu-dhabi-greenlights-aed-3-bn-road-projects-including-25km-road-to-abu-dhabi-island\/\">\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 greenlights AED 3 bn road projects, including 25km road to Abu Dhabi island&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/abu-dhabi-greenlights-aed-3-bn-road-projects-including-25km-road-to-abu-dhabi-island\/\">\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\/19\/abu-dhabi-greenlights-aed-3-bn-road-projects-including-25km-road-to-abu-dhabi-island\/&title=Abu Dhabi greenlights AED 3 bn road projects, including 25km road to Abu Dhabi island\">\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+greenlights+AED+3+bn+road+projects%2C+including+25km+road+to+Abu+Dhabi+island+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F19%2Fabu-dhabi-greenlights-aed-3-bn-road-projects-including-25km-road-to-abu-dhabi-island%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\/19\/abu-dhabi-greenlights-aed-3-bn-road-projects-including-25km-road-to-abu-dhabi-island\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1631.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90173\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/abu-dhabi-greenlights-aed-3-bn-road-projects-including-25km-road-to-abu-dhabi-island\/1631-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1631.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1631.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1631.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1631.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90172\" class=\"content-area-description single-story post-90172 post type-post status-publish format-standard has-post-thumbnail hentry category-infrastructure tag-abu-dhabi tag-enterpriseam-uae tag-infrastructure tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.f182caff-eeca-4c72-9a9d-b96f570b7206.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Abu Dhabi\u2019s Integrated Transport Center will allocate AED 3 bn to new traffic<\/strong><strong>improvement projects<\/strong>, aimed at slashing commute times, making roads safer, and improving connectivity between regions, it said on X (<a target=\"_blank\" href=\"https:\/\/twitter.com\/ITCAbuDhabi\/status\/1769641808265433265\" style=\"\" rel=\"noopener\">watch, runtime: 0:56<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The largest upgrade will be the establishment of a 25 km road<\/strong>, four to five lanes wide, connectingAbu Dhabi Island to themainland via a string of intermediary islands, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b27fke9-itc-announces-launch-strategic-projects-reflecting\" style=\"\" rel=\"noopener\">Wam<\/a> reported. The road will have capacity for 8-10k vehicles per hour in both directions, and looks to connect developments throughout Abu Dhabi while relieving congestion along axes linking Abu Dhabi island to the mainland, Wam said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project will progress in two phases:&nbsp;<\/strong>The first phase will link Al Saadiyat Island and Umm Yifienah Street, to Sheikh Zayed bin Sultan Street and Al Reem Island, while the second phase connects Umm Yifeenah Island to Al Raha Beach, the E10 road, Al Khaleej Al Arabi Street E20, and Madinat Zayed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other projects:&nbsp;<\/strong>The projects also include improvements to Al Khaleej Al Arabi Street and Musaffah Road, and the development of bridges on Abu Dhabi-Al Ain Road and 79th street in Mohamed bin Zayed City.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/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\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90174\" 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=\"90174\">\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\">CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/shuaa-capital-moves-one-step-closer-to-capital-increase\/\">\r\n                            Shuaa Capital moves one step closer to capital increase                        <\/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\/19\/shuaa-capital-moves-one-step-closer-to-capital-increase\/\" 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\/19\/shuaa-capital-moves-one-step-closer-to-capital-increase\/')\">\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\/19\/shuaa-capital-moves-one-step-closer-to-capital-increase\/\">\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=Shuaa Capital moves one step closer to capital increase&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/shuaa-capital-moves-one-step-closer-to-capital-increase\/\">\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\/19\/shuaa-capital-moves-one-step-closer-to-capital-increase\/&title=Shuaa Capital moves one step closer to capital increase\">\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=Shuaa+Capital+moves+one+step+closer+to+capital+increase+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F19%2Fshuaa-capital-moves-one-step-closer-to-capital-increase%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\/19\/shuaa-capital-moves-one-step-closer-to-capital-increase\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/568.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90175\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/shuaa-capital-moves-one-step-closer-to-capital-increase\/568-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/568.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"568.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/568.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/568.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90174\" class=\"content-area-description single-story post-90174 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-debt-watch tag-enterpriseam-uae tag-shuaa-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\/.332db84f-4e93-402b-9bc1-d52d561765dc.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Shuaa Capital is asking bondholders to restructure some USD 150 mn in outstanding<\/strong><strong> bonds <\/strong>owed by a special purpose vehicle it owns, saying in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1589.pdf\" style=\"\" rel=\"noopener\">DFM filing (pdf)<\/a> that the \u201camended terms and conditions\u201d have already been agreed by 25% of bondholders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters: <\/strong>The bonds are due on 31 March. The investment bank\u2019s board said yesterday that it was asking bondholders to allow it to stretch payment terms as part of a wider restructuring that it says is<strong> a checkpoint on the road to a \u201ccapital injection that will restore business stability and continuity.\u201d<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Reading between the lines: <\/strong>It seems bondholders are being asked to convert at least some of their debt holding into equity in Shuaa. \u201cThe proposal also offers the best available option to noteholders by offering cash settlement and the opportunity to participate in the equity of the company.\u201d <strong>The statement doesn\u2019t make clear the specifics of what Shuaa is offering bondholders.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shuaa said in its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1635.pdf\" style=\"\" rel=\"noopener\">3Q earnings presentation (pdf)<\/a><\/strong><strong> that this was coming: <\/strong>93% of bondholders had agreed at the time to extend the maturity of the USD 150 bn bond until the end of 1Q 2024. Shuaa is looking to then go forward with a \u201ccapital reduction and rights issue\u201d to increase its capital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company expects to wrap up the restructuring process by June <\/strong>as it repositions itself to focus on asset management and investment banking, <a target=\"_blank\" href=\"https:\/\/www.shuaa.com\/shuaa-capital-announces-2023-full-year-preliminary-financial-results\" style=\"\" rel=\"noopener\">it said as it released its preliminary FY 2023 results<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong> Shuaa 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.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/shuaa-capital\/\">Shuaa 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=\"90176\" 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=\"90176\">\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\/19\/adx-dfm-rebalance-benchmark-indices-sp-rebalances-two-uae-indices\/\">\r\n                            ADX, DFM rebalance benchmark indices + S&amp;P rebalances two UAE indices                        <\/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\/19\/adx-dfm-rebalance-benchmark-indices-sp-rebalances-two-uae-indices\/\" 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\/19\/adx-dfm-rebalance-benchmark-indices-sp-rebalances-two-uae-indices\/')\">\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\/19\/adx-dfm-rebalance-benchmark-indices-sp-rebalances-two-uae-indices\/\">\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=ADX, DFM rebalance benchmark indices + S&#038;P rebalances two UAE indices&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/adx-dfm-rebalance-benchmark-indices-sp-rebalances-two-uae-indices\/\">\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\/19\/adx-dfm-rebalance-benchmark-indices-sp-rebalances-two-uae-indices\/&title=ADX, DFM rebalance benchmark indices + S&#038;P rebalances two UAE indices\">\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=ADX%2C+DFM+rebalance+benchmark+indices+%2B+S%26%23038%3BP+rebalances+two+UAE+indices+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F19%2Fadx-dfm-rebalance-benchmark-indices-sp-rebalances-two-uae-indices%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\/19\/adx-dfm-rebalance-benchmark-indices-sp-rebalances-two-uae-indices\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1544.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90177\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/adx-dfm-rebalance-benchmark-indices-sp-rebalances-two-uae-indices\/1544-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1544.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1544.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1544.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1544.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90176\" class=\"content-area-description single-story post-90176 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-abu-dhabi-securities-exchange tag-adx tag-capital-markets tag-dfm tag-dubai-financial-market tag-enterpriseam-uae 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\/.05d113be-ce16-43e8-a009-9d7a4f090aeb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> The ADX and the DFM have completed their semiannual rebalance<\/strong>, adding new companies to their indices and adjusting the weights of others. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FTSE ADX indices welcome five new entrants:<\/strong> The Abu Dhabi Securities Exchange added five companies to its benchmark FTSE ADX General Index and FTSE ADX 15 (FADX15) Index, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7175400108383997952\/\" style=\"\" rel=\"noopener\">statement<\/a>. The FTSE ADX 15 counts the top ADX listed companies according to a combination of free float adjusted market cap and median daily trading value, according to an ADX FAQ sheet (pdf).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new entrants: <\/strong>E7 Group, Investcorp Capital, and Phoenix Corp were all added to the FTSE ADX General Index, while Pure Health Holdings and Phoenix Corp were added to the FTSE ADX 15 index.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DFM updates share weights: <\/strong>The Dubai Financial Market (DFM) also adjusted the weights of listed shares on its General Index (DFMGI) and Shari'a Index (DFMSI) as part of its semiannual rebalance, the bourse said in a <a target=\"_blank\" href=\"https:\/\/www.dfm.ae\/the-exchange\/news-disclosures\/market-announcements\/18a2db23-d588-4be5-a1ed-fa44947c64de\" 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 heavyweights:&nbsp;<\/strong>The rebalance saw 10 companies account for 73.48% of the general index, with Emirates NBD, Dubai Islamic Bank, Emaar Properties, and Dubai Electricity and Water (Dewa) maintaining their weight at 10% each, followed by the Commercial Bank of Dubai with 6.5%, Air Arabia with 5.97%, Dubai Investments with 5.57%, and Emaar Development with 5.43. Air Arabia\u2019s weight was adjusted from <a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4226862\/-%D8%AF%D8%A8%D9%8A-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D9%8A%D8%B9%D9%84%D9%86-%D8%AA%D8%AD%D8%AF%D9%8A%D8%AB-%D8%A3%D9%88%D8%B2%D8%A7%D9%86-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%AF%D8%B1%D8%AC%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D8%A4%D8%B4%D8%B1-%D8%A7%D9%84%D8%B9%D8%A7%D9%85\/\" style=\"\" rel=\"noopener\">December\u2019s 6.19%<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A technical glitch in the FTSE ADX 15 index<\/strong> led to an erroneous reading of an initial market increase of over 6% after the index\u2019s semi-annual rebalancing, <a target=\"_blank\" href=\"https:\/\/bit.ly\/492gNJp\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports. The index was up 0.73% at the close of trading. <\/p>\n<p class=\"tag-border-left\">S&amp;P REBALANCES TWO UAE INDICES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S&amp;P also completed the quarterly rebalancing for two indices last week<\/strong>, removing one security and adding one to its <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/spdji\/en\/indices\/equity\/sp-uae-domestic-shariah-liquid-35-20-capped-index\/\" style=\"\" rel=\"noopener\">S&amp;P UAE Domestic Shariah Liquid 35\/20 Capped Index<\/a>. The rebalancing also included a switch of three constituents from the <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/spdji\/en\/indices\/equity\/sp-uae-bmi-liquid-20-35-capped-index\/\" style=\"\" rel=\"noopener\">S&amp;P UAE BMI Liquid 20\/35 Capped Index<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S&amp;P Shariah Liquid 35\/20:<\/strong> Ghitha Holding was added to the index, while Deyaar Development Company was rotated out, Abu Dhabi-based asset management firm Lunate Capital \u2014 which has an exchange-traded fund for the S&amp;P index \u2014 said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1602.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S&amp;P UAE BMI Liquid 20\/35: <\/strong>Al Seer Marine Supplies &amp; Equipment Co, Ghitha Holding, and Salik Company were all added to the index, while Arkan Building Materials, Dubai Financial<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Market, and Taaleem Holdings were removed, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1601.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- So what exactly is rebalancing, you ask?<\/strong> Rebalancing is a form of index maintenance that adjusts the constituents (fancy-talk for the traded companies that make up the index) to make sure representation is in line with the index\u2019s overall goal, whatever it might be. The ADX and DFM each set inclusion rules based on freefloat market capitalization and trading activity, which are designed to create an index that includes companies or constituents that are both large and actively traded.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-securities-exchange\/\">Abu Dhabi Securities Exchange<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-financial-market\/\">Dubai Financial Market<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90178\" 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=\"90178\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/masdar-secures-eur-488-mn-to-fund-baltic-eagle-wind-farm-acquisition-eyes-acquisitions-in-india\/\">\r\n                            Masdar secures EUR 488 mn to fund Baltic Eagle wind farm acquisition, eyes acquisitions in India                        <\/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\/19\/masdar-secures-eur-488-mn-to-fund-baltic-eagle-wind-farm-acquisition-eyes-acquisitions-in-india\/\" 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\/19\/masdar-secures-eur-488-mn-to-fund-baltic-eagle-wind-farm-acquisition-eyes-acquisitions-in-india\/')\">\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\/19\/masdar-secures-eur-488-mn-to-fund-baltic-eagle-wind-farm-acquisition-eyes-acquisitions-in-india\/\">\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=Masdar secures EUR 488 mn to fund Baltic Eagle wind farm acquisition, eyes acquisitions in India&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/masdar-secures-eur-488-mn-to-fund-baltic-eagle-wind-farm-acquisition-eyes-acquisitions-in-india\/\">\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\/19\/masdar-secures-eur-488-mn-to-fund-baltic-eagle-wind-farm-acquisition-eyes-acquisitions-in-india\/&title=Masdar secures EUR 488 mn to fund Baltic Eagle wind farm acquisition, eyes acquisitions in India\">\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=Masdar+secures+EUR+488+mn+to+fund+Baltic+Eagle+wind+farm+acquisition%2C+eyes+acquisitions+in+India+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F19%2Fmasdar-secures-eur-488-mn-to-fund-baltic-eagle-wind-farm-acquisition-eyes-acquisitions-in-india%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\/19\/masdar-secures-eur-488-mn-to-fund-baltic-eagle-wind-farm-acquisition-eyes-acquisitions-in-india\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1614.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90179\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/masdar-secures-eur-488-mn-to-fund-baltic-eagle-wind-farm-acquisition-eyes-acquisitions-in-india\/1614-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1614.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1614.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1614.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1614.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90178\" class=\"content-area-description single-story post-90178 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt tag-debt-watch tag-enterpriseam-uae tag-green-finance tag-masdar tag-renewables tag-wind-power 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\/.f951acb4-ed78-4487-a122-6854bc66e78c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Masdar secures funds for Baltic Eagle acquisition:<\/strong> UAE renewables firm Masdar has reached financial close on EUR 488 mn in funding to secure its 49% acquisition of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/251904e4-3ea9-43ee-8124-ffb7eda228a2\/masdar-acquires-a-49%2525-stake-in-eur-1.6-bn-german%253cmark%253e-offshore-%253c%2Fmark%253ewind-farm\" style=\"\" rel=\"noopener\">the 476 MW Baltic Eagle wind farm<\/a> off the coast of Germany, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-reaches-close-on-financing-for-476mw-baltic-eagle-offshore-wind-project\" style=\"\" rel=\"noopener\">statement<\/a> published on Friday. The lending package marks Masdar\u2019s largest EUR-denominated financing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong> Masdar entered a strategic agreement with Spanish utility provider Iberdrola last July to co-invest in the purchase of the EUR 1.6 bn project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the wind farm: <\/strong>Baltic Eagle is currently being built off Germany\u2019s northeastern coast and will comprise 50 wind turbines, each with a 9.53 MW generation capacity. The project \u2014 which is slated to kick off initial operations by the end of 2024 \u2014 will produce 1.9 TWh of clean energy once it achieves full production capacity, providing renewable power to some 475k homes and offsetting c. 800k tons of carbon emissions annually. 100% of Baltic Eagle\u2019s production volume has already been sold via long-term offtake agreements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s backing the transaction?<\/strong> ABN AMRO, Credit Agricole CIB, ING, Santander, and Siemens Bank have contributed to the lending package, and Santander acted as financial advisor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar is expanding its EU presence:<\/strong> Masdar also finalized the acquisition of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a7fc2bb6-60de-457c-94a4-51cb2b9ad26d\/masdar-completes-acquisition-of-3-gw-british-offshore-wind-farm\" style=\"\" rel=\"noopener\">49% stake in the UK\u2019s 3 GW Dogger Bank South wind farm<\/a> from German energy giant RWE earlier this month. The company agreed with RWE to co-develop the Dogger Bank South wind farm which will be split across two sites with 1.5 GW of capacity each. The first 800 MW of electricity is expected to come online in 2029. Masdar and RWE are also operating the 630 MW London Array offshore wind farm.<\/p>\n<p class=\"tag-border-left\"> IN OTHER MASDAR NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong>Masdar is among six investors exploring acquiring majority stakes in India\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ayanapower.com\/\" style=\"\" rel=\"noopener\">Ayana Renewable Power<\/a><\/strong>, a clean energy company owned by the Southeast Asian country\u2019s <a target=\"_blank\" href=\"https:\/\/niifindia.in\/\" style=\"\" rel=\"noopener\">National Investment and Infrastructure Fund<\/a> (NIIF), Indian outlet <a target=\"_blank\" href=\"https:\/\/www.msn.com\/en-in\/money\/markets\/masdar-gentari-others-eye-stake-in-ayana\/ar-BB1k3GDy\" style=\"\" rel=\"noopener\">The Economic Times<\/a> reports, citing sources it says are in the know. The sale of a majority stake is expected to value Ayana at USD 1 bn in equity, with an enterprise value of USD 2.5-3 bn. Non-binding bids are expected by mid-April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Masdar is also eyeing an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59db0b55-d736-45d0-9580-0fe2528ef4be\/%253cmark%253emasdar-%253c%2Fmark%253eeyes-stakes-in-turkish-wind-producer-fiba-yenilenebilir-enerji\" style=\"\" rel=\"noopener\">undisclosed stake<\/a> in Turkish wind producer Fiba Yenilenebilir Enerji.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Another Uzbekistan venture: <\/strong>Masdar signed an agreement with Uzbekistan's state hydroelectric power producer JSC Uzbekhydroenergo to explore the feasibility of developing large-scale <a target=\"_blank\" href=\"https:\/\/www.energy.gov\/eere\/water\/pumped-storage-hydropower\" style=\"\" rel=\"noopener\">pumped storage hydro projects<\/a> across Uzbekistan, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-to-explore-the-development-of-large-scale--pumped-storage-hydro-in-uzbekistan\" style=\"\" rel=\"noopener\">statement<\/a> released on Friday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pumped storage hydro? <\/strong>Pumped storage hydro is crucial for stabilizing the intermittent supply from renewable sources like solar and wind, offering a utility-scale storage solution. Masdar already connected 1.4 GW of renewable energy from wind and solar projects to Uzbekistan\u2019s grid <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5ce33905-9b33-40e0-977c-cea9a1d9a0c8\/masdar-connects-1.4-gw-to-uzbekistan%25e2%2580%2599s-grid,-looks-to-expand-there-and-in-georgia\" style=\"\" rel=\"noopener\">last December<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/wind-power\/\">Wind power<\/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=\"90180\" 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=\"90180\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/rakbank-taps-mohamed-omran-alshamsi-as-its-new-chairman\/\">\r\n                            RAKBank taps Mohamed Omran Alshamsi as its new chairman                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/rakbank-taps-mohamed-omran-alshamsi-as-its-new-chairman\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/rakbank-taps-mohamed-omran-alshamsi-as-its-new-chairman\/')\">\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\/19\/rakbank-taps-mohamed-omran-alshamsi-as-its-new-chairman\/\">\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=RAKBank taps Mohamed Omran Alshamsi as its new chairman&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/rakbank-taps-mohamed-omran-alshamsi-as-its-new-chairman\/\">\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\/19\/rakbank-taps-mohamed-omran-alshamsi-as-its-new-chairman\/&title=RAKBank taps Mohamed Omran Alshamsi as its new chairman\">\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=RAKBank+taps+Mohamed+Omran+Alshamsi+as+its+new+chairman+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F19%2Frakbank-taps-mohamed-omran-alshamsi-as-its-new-chairman%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\/19\/rakbank-taps-mohamed-omran-alshamsi-as-its-new-chairman\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1634.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90181\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/rakbank-taps-mohamed-omran-alshamsi-as-its-new-chairman\/1634-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1634.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1634.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1634.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1634.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90180\" class=\"content-area-description single-story post-90180 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-uae tag-moves tag-newsmakers tag-rakbank 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\/.0042b287-86a4-4b58-8d92-6230a0654e97.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> The<strong> National Bank of Ras Al Khaimah<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.rakbank.ae\/en\" style=\"\" rel=\"noopener\">RAKBank<\/a>) board of directors voted to tap <strong>Mohamed Omran <\/strong><strong>Alshamsi<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/mohamed-omran-556651b9\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as <strong>chairman <\/strong>of itsboard of directors, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1587.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. RAKBank\u2019s board also elected Shaikha Amneh AlQasimi as vice chairman of the board.<\/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\/newsmakers\/\">NEWSMAKERS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/rakbank\/\">RAKBank<\/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=\"90182\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/43010.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20607.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Rise every day<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/43009.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/117160.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90183\" 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=\"90183\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/du-secures-fintech-license-dubai-is-getting-a-new-university\/\">\r\n                            Du secures fintech license + Dubai is getting a new university                        <\/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\/19\/du-secures-fintech-license-dubai-is-getting-a-new-university\/\" 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\/19\/du-secures-fintech-license-dubai-is-getting-a-new-university\/')\">\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\/19\/du-secures-fintech-license-dubai-is-getting-a-new-university\/\">\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=Du secures fintech license + Dubai is getting a new university&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/du-secures-fintech-license-dubai-is-getting-a-new-university\/\">\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\/19\/du-secures-fintech-license-dubai-is-getting-a-new-university\/&title=Du secures fintech license + Dubai is getting a new university\">\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=Du+secures+fintech+license+%2B+Dubai+is+getting+a+new+university+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F19%2Fdu-secures-fintech-license-dubai-is-getting-a-new-university%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\/19\/du-secures-fintech-license-dubai-is-getting-a-new-university\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2435.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90184\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/du-secures-fintech-license-dubai-is-getting-a-new-university\/2435-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2435.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2435.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2435.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2435.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90183\" class=\"content-area-description single-story post-90183 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi tag-adgm tag-aldar-properties tag-also-on-our-radar tag-burjeel-holdings tag-business tag-dp-world tag-education tag-energy tag-enterpriseam-uae tag-healthcare tag-infrastructure tag-logistics tag-real-estate tag-sobha-realty tag-sports tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.258057c2-1d23-4722-a655-66534a45e9b1.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">FINTECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>EITC obtained licenses from the CBUAE to provide digital finance services: <\/strong>Emirates Integrated Telecommunications Company (EITC) \u2014 more commonly known as du \u2014 received licenses from the Central Bank of the UAE to offer new digital financial services, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/eitc-receives-licenses-from-uae-central-bank-to-offer-fintech-services-ctys4n7m\" style=\"\" rel=\"noopener\">press<\/a><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/eitc-receives-licenses-from-uae-central-bank-to-offer-fintech-services-ctys4n7m\" style=\"\" rel=\"noopener\">release<\/a>. The licenses will allow telecommunications company <a target=\"_blank\" href=\"https:\/\/www.du.ae\/personal\" style=\"\" rel=\"noopener\">du<\/a> to provide a variety of digital financial services \u201cthat align with the evolving needs and preferences of customers in the digital era,\u201d according to the release.<\/p>\n<p class=\"tag-border-left\">EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai will establish a new university backed by a AED 400 mn donation from <\/strong><strong>luxury real estate firm Sobha Realty<\/strong> as part of the Mother's Endowment fund, an <a target=\"_blank\" href=\"https:\/\/x.com\/HamdanMohammed\/status\/1769620116864487824?s=20\" style=\"\" rel=\"noopener\">X post<\/a> by Dubai\u2019s crown prince.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Sharjah National Oil Corporation will fund six research projects within the <\/strong><strong>American University of Sharjah\u2019s College of Engineering<\/strong>, after the two inked an agreement yesterday, reports <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b27fksj-aus-college-engineering-and-snoc-partner-for\" style=\"\" rel=\"noopener\">Wam<\/a>. The projects focus on zero-emission fuel cell electric vehicles, hydrogen infrastructure, sustainable wastewater treatment, and ultrasonic and microwave non-destructive testing for pipe inspection. A portion of the funds will go towards developing a sustainability index model to guide the selection of sustainable contractors.<\/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- Dubai's Roads and Transport Authority (RTA) is expanding a project aimed at <\/strong><strong>cutting <\/strong><strong>down response times to road accidents<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/expanding-traffic-incident-management-in-collaboration-with-dubai-police\" style=\"\" rel=\"noopener\">statement<\/a>. By the end of 2024, the Traffic Incident Management Unit project will integrate four more main road corridors, expanding coverage to 17 traffic corridors and streets from 13 currently. The project involves the introduction of temporary traffic detours, aid for drivers, and assistance in managing traffic during events. There will be strategically positioned rapid response vehicles to promptly reach accident sites, with a goal of achieving a 10-minute response time and 15-minute clearance time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The RTA also completed the third phase of its accessible facilities project<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/March\/18-03\/RTA-finalises-Phase-III-of-Qualifying\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. Around 26 facilities, including the head office, bus stations, parking terminals, customer centers, administrative buildings, and Al Jaddaf Marine Transport Station, now meet set standards.<\/p>\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>Emirati port operator DP World is set to develop a new USD 50 mn logistics center in <\/strong><strong>South Korea\u2019s Busan New Port<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/australia\/news\/releases\/dp-world-accelerates-growth-in-south-korea-with-us-50-million-investment-in-busan-new-port\/\" style=\"\" rel=\"noopener\">statement<\/a> released last week. Construction on the DP World Busan Logistics Centre (BLC) is slated to begin at the end of the year with operations kicking off by 2Q 2026, the statement notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> BLC will cover 75k sqm and have the capacity to process some 80k TEUs of cargo a year by 2028. The facility will provide assembly, processing, and packaging to local and regional customers while specializing in the handling of key South Korean exports including cars, automotive parts and materials, fishery equipment, and machinery, the statement said.<\/p>\n<p class=\"tag-border-left\">HEALTHCARE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Healthcare services platform Burjeel Holdings plans to become carbon neutral <\/strong><strong>and is aiming for zero waste to landfill by 2040<\/strong>, as part of its new environmental, social, and governance (ESG) strategy, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13tjk05-burjeel-holdings-announces-plan-become-carbon\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The company also plans to reduce water consumption by 10%, implement patient education programs, and secure accreditations for its hospitals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Hayat to ramp up healthcare delivery in Kenya: <\/strong>Abu Dhabi-based pharma firm <a target=\"_blank\" href=\"https:\/\/hayatbiotech.com\/\" style=\"\" rel=\"noopener\">Hayat Biotech<\/a> inked an agreement with <a target=\"_blank\" href=\"https:\/\/biovax.go.ke\/\" style=\"\" rel=\"noopener\">Kenya BioVax Institute<\/a> to bolster vaccine manufacturing in Kenya, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/health\/hayat-biotech-partners-with-kenya-biovax-institute-to-strengthen-healthcare-services-in-kenya\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The agreement will see the health players swap expertise and establish task forces and educational grant programs to boost capacity building, with monitoring and evaluation systems implemented to track progress.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- More supplements coming to the UAE: <\/strong>Chicago-based healthcare group <a target=\"_blank\" href=\"https:\/\/www.cosmoshealthinc.com\/\" style=\"\" rel=\"noopener\">Cosmos<\/a><a target=\"_blank\" href=\"https:\/\/www.cosmoshealthinc.com\/\" style=\"\" rel=\"noopener\">Health<\/a> received a Consumer Product Registration Certificate from Dubai\u2019s Public Health and Safety Department, allowing it to sell its Sky Premium Life vitamins and supplements in the UAE for five years, it said in a <a target=\"_blank\" href=\"https:\/\/feeds.issuerdirect.com\/news-release.html?newsid=7388965004237500\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p class=\"tag-border-left\">BUSINESS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADCCI and ADGM ink agreement to strengthen Abu Dhabi's business environment:<\/strong> The Abu Dhabi Chamber of Commerce and Industry (ADCCI) inked an agreement with Abu Dhabi Global Market (ADGM)\u2019s Registration Authority to bolster the business and investment environment in Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/abu-dhabi-chamber-and-adgm-strengthen-strategic-partnership-wyg7rrst\" style=\"\" rel=\"noopener\">press release<\/a>. This collaboration focuses on simplifying the registration and licensing processes for freezone companies and easing their membership into the chamber. It also emphasizes collaboration in exchanging information, sharing data, producing economic reports, and organizing events to boost dialogue and networking. <\/p>\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>#1- Aldar sells Abu Dhabi penthouse for AED 137 mn: <\/strong>Abu Dhabi-based real estate developer <a target=\"_blank\" href=\"https:\/\/www.aldar.com\/en\/\" style=\"\" rel=\"noopener\">Aldar Properties<\/a> sold the emirate\u2019s \u201cmost expensive apartment\u201c for AED 137 mn at its beachfront project, Nobu Residences on Saadiyat Island, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1546.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Spanning 1.4k sqm, the three-bedroom penthouse was sold at over AED 96k per sqm \u201c[representing] the highest price achieved in the emirate,\u201d the press release reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Adrec teams up with Bayut, Property Finder to improve real estate regulatory environment: <\/strong>Abu Dhabi Real Estate Centre (Adrec) inked two MoUs with real estate platforms Bayut and Property Finder to improve real estate data accuracy and help streamline property purchasing for customers, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/infrastructure\/abu-dhabi-real-estate-centre-partners-with-bayut-and-property-finder-to-enhance-real-estate-efficiency\/\" style=\"\" rel=\"noopener\">statement<\/a> from the Abu Dhabi Media Office. The partnerships will see Adrec cooperate with the two platforms to organize programs and workshops geared towards gathering market insights from sector players, monitoring property advertisements, addressing regulatory issues, and promoting real estate locally and internationally. <\/p>\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Lootah + UAE partner on biofuels:<\/strong> The Energy and Infrastructure Ministry and Lootah Biofuels have signed an MoU to develop, promote, and utilize biofuels in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/lootah-biofuels-and-moei-sign-landmark-mou-to-accelerate-development-and-adoption-of-biofuels-in-uae-fbyn10n8\" style=\"\" rel=\"noopener\">statement<\/a>. Lootah and the ministry will collaborate on research and development efforts to establish a biofuels market in the UAE and exchange knowledge through workshops and seminars for industry stakeholders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not their first partnership: <\/strong>The ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a08283a2-3d7c-4938-82a5-ecf0e80c1063\/tunisia-enhances-esg-practices-across-multiple-sectors-to-attract-investments\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with Lootah last month to collaborate on energy initiatives, promote the use of biofuels, raise awareness about sustainable fuel alternatives, and facilitate knowledge exchange in the biofuels sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The UAE is now a member of the Response and Assistance Network<\/strong>, an International Atomic Energy Agency (IAEA) network geared towards international nuclear and radiological emergency assistance, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b27fk8j-uae-joins-international-atomic-energy-agency\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The UAE's capabilities in radiation survey, analysis, radiological assessment, medical support, and nuclear installation assessment will now be accessible to all IAEA Member States.<\/p>\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kalm sets up shop in Abu Dhabi: <\/strong>Esports consultancy for player development <a target=\"_blank\" href=\"https:\/\/kalm.gg\/\" style=\"\" rel=\"noopener\">Kalm<\/a> inaugurated its global headquarters in Abu Dhabi, with support from <a target=\"_blank\" href=\"https:\/\/www.investinabudhabi.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Investment Office<\/a> \u2019s <a target=\"_blank\" href=\"https:\/\/www.accessabudhabi.com\/\" style=\"\" rel=\"noopener\">Access Abu Dhabi<\/a> program, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/supported-by-access-abu-dhabi-and-abu-dhabi-investment-office-kalm-opens-global-headquarters-in-the-emirate\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. Kalm will use its new office in the emirate to network with government, private sector, federation, and team stakeholders, and promote its data science and AI-powered athlete health and wellbeing strategy in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Access Abu Dhabi: <\/strong>The program fast-tracks global reach for companies \u2014 particularly those founded by women and \u201cminorities\u201d \u2014 by providing them with expansion windows to Abu Dhabi.<\/p>\n<p class=\"tag-border-left\">FOOD AND BEVERAGE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Biggest caviar packing facility launched in Abu Dhabi<\/strong>: GCC conglomerate OJO Group and Elevate Investments launched a caviar packing facility in Abu Dhabi under the Numero Uno brand, a <a target=\"_blank\" href=\"https:\/\/ojogroup.net\/news\" style=\"\" rel=\"noopener\">press release<\/a> reads.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adgm\/\">ADGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aldar-properties\/\">Aldar Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/burjeel-holdings\/\">Burjeel Holdings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/business\/\">business<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sobha-realty\/\">Sobha Realty<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sports\/\">Sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90185\" 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=\"90185\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/\">\r\n                            KSA\u2019s Public Investment Fund is reportedly in talks to acquire Saudia                        <\/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\/19\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/\" 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\/19\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/')\">\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\/19\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/\">\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=KSA\u2019s Public Investment Fund is reportedly in talks to acquire Saudia&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/\">\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\/19\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/&title=KSA\u2019s Public Investment Fund is reportedly in talks to acquire Saudia\">\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=KSA%E2%80%99s+Public+Investment+Fund+is+reportedly+in+talks+to+acquire+Saudia+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F19%2Fksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia%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\/19\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1552.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90186\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/1552-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1552.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1552.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1552.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1552.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90185\" class=\"content-area-description single-story post-90185 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-aviation tag-enterpriseam-uae tag-planet-finance tag-public-investment-fund tag-saudi-arabia 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\/.217180f2-93bc-4c5b-8d23-3b7e75bc8691.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF eyes <\/strong><strong>Saudia<\/strong><strong> acquisition:<\/strong> Saudi Arabia\u2019s sovereign wealth fund Public Investment Fund (PIF) is reportedly in early talks to acquire the kingdom\u2019s national carrier Saudia as soon as next year to add it to its aviation assets portfolio, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-17\/saudi-wealth-fund-said-to-be-in-talks-to-buy-national-airline\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it says have knowledge of the matter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The ownership of the flagship airliner would be taken over by PIF from thegovernment with the intention of improving its efficiency and profitability, the sources said. The flagship carrier could be either privatized or merged with <a target=\"_blank\" href=\"https:\/\/www.riyadhair.com\/\" style=\"\" rel=\"noopener\">Riyadh Air<\/a> \u2014 a second flagship carrier being set up by PIF, they added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details are scant:<\/strong> There is no clarity as to how Saudia would be valued by PIF, which has received government-owned assets at no payment in the past as an intermediary step towards their privatization, Bloomberg said. There are also no firm decisions as of yet, with talks still at an early stage, and it is possible that the acquisition may be put off or canceled altogether, sources told the outlet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PIF wants Riyadh Air to be the Gulf airlines boss: <\/strong>The sovereign wealth fund launchedRiyadh Air in <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/w1868367\" style=\"\" rel=\"noopener\">March last year<\/a> in efforts to compete with regional rivals Emirates and Qatar Airways. It is set to kick off its operations next year and has a target of operating flights between 100 destinations by 2030. Saudia will also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b8a916d0-87ca-4a28-8726-543ac095fd3c\/today:-israel-accuses-houthis-of-seizing-british-owned-cargo-ship-in-the-red-sea-%2B%253cmark%253e-saudia-%253c%2Fmark%253ewill-leave-riyadh-in-2030-as-riyadh-air-takes-charge\" style=\"\" rel=\"noopener\">bid adieu<\/a> to capital Riyadh by 2030 to make way for Riyadh Air and will instead shift its focus towards operations in Jeddah\u2019s King Abdulaziz International Airport.<\/p>\n<p class=\"tag-border-left\"> THE MARKET 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 solidly in the red this morning<\/strong>, with traders sitting tight ahead of <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/03\/19\/asia-markets-live-updates.html\" style=\"\" rel=\"noopener\">interest<\/a><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/03\/19\/asia-markets-live-updates.html\" style=\"\" rel=\"noopener\">rate decisions later today from Japan and Australia<\/a>. European and US stock futures all slid overnight, suggesting that key Wall Street and continental benchmarks will follow suit later today.<\/p>\n<p><a target=\"_blank\" id=\"t.492a088143e9459c6e58cc826db7816901329908\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tbody>\n<tr class='tr-row-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\">9,289<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: -3.0%)<\/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\">4,275<\/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: +5.3%)<\/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>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\">3,727<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: -3.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.2% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.4% 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\">12,772<\/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\">+0.1% (YTD: +6.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">29,091<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-6.3% (YTD: +16.9%)<\/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>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\">5,149<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +8.0%)<\/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>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\">7,723<\/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\">-0.1% (YTD: -0.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,983<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +10.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 86.89<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.8%<\/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 1.72<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,161<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 67,549<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.3% (YTD: +56.8%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.3% yesterday<\/strong> on turnover of AED 389.6 mn. The index is up 5.4% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Al Firdous Holdings (+12.1%), Emaar Properties (+2.2%), and GFH Financial Group (+1.9%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Orascom Construction (-7.5%), Watania International Holding (-3.2%) and Salik Company (-3.0%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index is up 0.7% on turnover of AED 940 mn. Meanwhile, in Nasdaq Dubai, the index closed up 0.7%.<\/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>E7 Group Company intends to initiate a share split and share buyback<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1575.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>, which does not disclose further details on the size of the split and buyback program. The matter will be discussed at the company\u2019s upcoming board meeting scheduled for 25 March.<\/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.rakbank.ae\/\" style=\"\" rel=\"noopener\">RAKBank<\/a><\/strong><strong>\u2019s board approved distributing AED 623.6 mn in dividends for 2023<\/strong>, equivalent to 31 fils per share, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1596.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\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/public-investment-fund\/\">Public Investment Fund<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90187\" 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=\"90187\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/president-mohamed-bin-zayed-al-nahyan-meets-angolan-counterpart-plus-finmin-reps-join-opec-fund-ministerial-council-session\/\">\r\n                            President Mohamed bin Zayed Al Nahyan meets Angolan counterpart. PLUS: FinMin reps join Opec Fund Ministerial Council session                        <\/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\/19\/president-mohamed-bin-zayed-al-nahyan-meets-angolan-counterpart-plus-finmin-reps-join-opec-fund-ministerial-council-session\/\" 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\/19\/president-mohamed-bin-zayed-al-nahyan-meets-angolan-counterpart-plus-finmin-reps-join-opec-fund-ministerial-council-session\/')\">\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\/19\/president-mohamed-bin-zayed-al-nahyan-meets-angolan-counterpart-plus-finmin-reps-join-opec-fund-ministerial-council-session\/\">\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=President Mohamed bin Zayed Al Nahyan meets Angolan counterpart. PLUS: FinMin reps join Opec Fund Ministerial Council session&url=https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/president-mohamed-bin-zayed-al-nahyan-meets-angolan-counterpart-plus-finmin-reps-join-opec-fund-ministerial-council-session\/\">\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\/19\/president-mohamed-bin-zayed-al-nahyan-meets-angolan-counterpart-plus-finmin-reps-join-opec-fund-ministerial-council-session\/&title=President Mohamed bin Zayed Al Nahyan meets Angolan counterpart. PLUS: FinMin reps join Opec Fund Ministerial Council session\">\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=President+Mohamed+bin+Zayed+Al+Nahyan+meets+Angolan+counterpart.+PLUS%3A+FinMin+reps+join+Opec+Fund+Ministerial+Council+session+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F03%2F19%2Fpresident-mohamed-bin-zayed-al-nahyan-meets-angolan-counterpart-plus-finmin-reps-join-opec-fund-ministerial-council-session%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\/19\/president-mohamed-bin-zayed-al-nahyan-meets-angolan-counterpart-plus-finmin-reps-join-opec-fund-ministerial-council-session\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1630.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90188\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/19\/president-mohamed-bin-zayed-al-nahyan-meets-angolan-counterpart-plus-finmin-reps-join-opec-fund-ministerial-council-session\/1630-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1630.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1630.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1630.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1630.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90187\" class=\"content-area-description single-story post-90187 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-uae tag-finance-ministry tag-opec-fund 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\/.dff7a5cc-d63b-47c8-84e8-b2320d29aa65.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>President Mohamed bin Zayed Al Nahyan met with Angola\u2019s President Jo\u00e3o <\/strong><strong>Manuel Gon\u00e7alves Louren\u00e7o<\/strong> yesterday to discuss ramping up bilateral cooperation in economy, trade, investment, development, and renewable energy, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b27fkpq-uae-and-angolan-presidents-discuss-enhancing\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Finance Ministry representatives joined the ministerial council session of <\/strong><strong>the OPEC Fund for International Development<\/strong> yesterday, receiving updates on the agenda for the upcoming Ministerial Council Meeting, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MOFUAE\/posts\/pfbid02qviCYPU1Lka5BwRiLwJFDJynFz5fzm3bcR8Z3qjoFJHWEr82AzzSqR3CFvSoNvQXl\" style=\"\" rel=\"noopener\">Finance Ministry statement<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/opec-fund\/\">Opec Fund<\/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=\"90189\" 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\/19\/90189-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90189\" class=\"content-area-description single-story post-90189 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">MARCH<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">14 March-14 April (Thursday-Sunday): Dakakeen Festival, 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;\">21 March-10 April (Thursday-Wednesday): Ramadan Nights 2024, Expo Centre Sharjah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25 March (Monday): E7 board of directors meeting to approve share split and buyback. <\/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 (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 style=\"font-weight:400;\">, Expo Centre Sharjah. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>24-25 May (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/thebabyexpo.com\/\" style=\"\">Baby Expo<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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>9-10 December (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/b.tc\/conference\/mena\" style=\"\">The Bitcoin Mena Conference<\/a><\/span><span style=\"font-weight:400;\">, Adnec Centre 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;\">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>New family office in Hong Kong | Another Ruwais LNG agreement | AED 3 bn road projects in Abu Dhabi | Masdar eyes more acquisitions<\/p>\n","protected":false},"featured_media":90164,"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-90163","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"4002b70d-df59-4a50-9b78-bed9d0c1e2ce","teaser":"New family office in Hong Kong | Another Ruwais LNG agreement | AED 3 bn road projects in Abu Dhabi | Masdar eyes more acquisitions","photo_url":"https:\/\/ent.news\/2024\/3\/1641.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sheikh Ali bin Rashed Al Maktoum launches Hong Kong family office - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sheikh Ali bin Rashed Al Maktoum launches Hong Kong family office\" \/>\n<meta property=\"og:description\" content=\"New family office in Hong Kong | Another Ruwais LNG agreement | AED 3 bn road projects in Abu Dhabi | Masdar eyes more acquisitions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-14T23:48:29+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1641.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/\",\"name\":\"Sheikh Ali bin Rashed Al Maktoum launches Hong Kong family office - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1641.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-03-19T00:00:00+00:00\",\"dateModified\":\"2025-12-14T23:48:29+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1641.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1641.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/uae\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Sheikh Ali bin Rashed Al Maktoum launches Hong Kong family office\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Sheikh Ali bin Rashed Al Maktoum launches Hong Kong family office - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/","og_locale":"en_US","og_type":"article","og_title":"Sheikh Ali bin Rashed Al Maktoum launches Hong Kong family office","og_description":"New family office in Hong Kong | Another Ruwais LNG agreement | AED 3 bn road projects in Abu Dhabi | Masdar eyes more acquisitions","og_url":"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/","og_site_name":"UAE","article_modified_time":"2025-12-14T23:48:29+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1641.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/","url":"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/","name":"Sheikh Ali bin Rashed Al Maktoum launches Hong Kong family office - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1641.jpg?fit=%2C&ssl=1","datePublished":"2024-03-19T00:00:00+00:00","dateModified":"2025-12-14T23:48:29+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1641.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1641.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/issues\/sheikh-ali-bin-rashed-al-maktoum-launches-hong-kong-family-office\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/uae\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Sheikh Ali bin Rashed Al Maktoum launches Hong Kong family office"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/90163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/90163\/revisions"}],"predecessor-version":[{"id":90213,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/90163\/revisions\/90213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/90164"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=90163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=90163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=90163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}