{"id":90620,"date":"2024-04-01T00:00:00","date_gmt":"2024-04-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=90620"},"modified":"2025-12-14T23:56:02","modified_gmt":"2025-12-14T23:56:02","slug":"cbuae-sees-the-economy-growing-4-2-this-year","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/cbuae-sees-the-economy-growing-4-2-this-year\/","title":{"rendered":"CBUAE sees the economy growing 4.2% this year"},"content":{"rendered":"<section id=\"90622\" 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=\"90622\">\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\/04\/01\/fuel-prices-hiked-for-the-third-time-in-a-row-uae-is-eyeing-nuclear-investments-in-europe\/\">\r\n                            THIS MORNING: Fuel prices hiked for the third time in the row + UAE is eyeing nuclear investments in Europe                        <\/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\/04\/01\/fuel-prices-hiked-for-the-third-time-in-a-row-uae-is-eyeing-nuclear-investments-in-europe\/\" 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href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/fuel-prices-hiked-for-the-third-time-in-a-row-uae-is-eyeing-nuclear-investments-in-europe\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/38.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90623\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/fuel-prices-hiked-for-the-third-time-in-a-row-uae-is-eyeing-nuclear-investments-in-europe\/38-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/38.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"38.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/38.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/38.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90622\" class=\"content-area-description single-story post-90622 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-borouge tag-debt-watch tag-energy tag-sukuk tag-war-watch 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\/4\/.8d40203d-95b9-4ab2-b394-235f683d9978.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and welcome to the final full workweek of Ramadan<\/strong>, which has kicked off with an unsurprisingly slow newsday.If you haven\u2019t heard\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>The public sector is only one week away from the Eid public holiday: <\/strong>Federal government employees will be off for one week starting next Monday, 8 April to celebrate Eid Al Fitr, and until Monday, 15 April, according to a UAE government <a target=\"_blank\" href=\"https:\/\/twitter.com\/UAEmediaoffice\/status\/1774427695679406399\" style=\"\" rel=\"noopener\">statement<\/a>. The Human Resources and Emiratisation Ministry has yet to publish a statement on the holiday for the private sector. <\/p>\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 prayers are at 6:39pm in Dubai and 6:41pm in Abu Dhabi, and you have until 4:55am to hydrate and caffeinate ahead of Fajr in Abu Dhabi, and until 4:52am in Dubai.<\/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>There\u2019s no single big story here at home<\/strong>, but among those vying for your attention: <strong>The Central Bank of the UAE revised downwards its growth forecast<\/strong> for the economy to 4.2% in 2024 | <strong>Mubadala and ADIA invested in China\u2019s Dalian Wanda\u2019s mall unit<\/strong> | <strong>Dubai is set to open 31 new hotels<\/strong> this year.<\/p>\n<p class=\"tag-border-left\"> PUBLIC SERVICE ANNOUNCEMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a><strong> #1- You\u2019re going to pay more at the gas pump this month:<\/strong> Fuel prices climbed for the third month in a row to a six month high for April, the Emirates General Petroleum Company (Emarat) <a target=\"_blank\" href=\"https:\/\/twitter.com\/emaratofficial\/status\/1774326866926584314?s=12\" style=\"\" rel=\"noopener\">said in a post on X<\/a>. Diesel prices will be lower for the month. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> Super 98 is now AED 3.15 per liter; Special 95 is now AED 3.03, and E-Plus 91 now costs AED 2.96. Diesel is now AED 3.09 per liter, down from AED 3.16 last month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Al Reem Island businesses will be able to transfer to the Abu Dhabi Global Market <\/strong><strong>(ADGM) more easily<\/strong> thanks to an MoU between the Human Resources and Emiratisation Ministry and ADGM to streamline work permit and license transfers, reports <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b2dzbt0-mohre-adgm-streamline-transfer-work-permits\" style=\"\" rel=\"noopener\">Wam<\/a>. The ADGM also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8dcfa86d-6c4f-42e8-a876-49f89eb35c70\/more-ipo-activity-ahead\" style=\"\" rel=\"noopener\">recently waived registration fees<\/a> for Reem Island businesses until November of this year as part of an incentive package aiming to facilitate their transition to the hub after Al Reem Island became part of its jurisdiction in November 2023. <\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Chemicals producer Borouge has its eyes on expansion in the Asia-Pacific region<\/strong>, with the company\u2019s pursuit of an \u201caccelerated growth opportunity\u201d at the feasibility stage, the company\u2019s chairman, Sultan Al Jaber, said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/18.pdf\" style=\"\" rel=\"noopener\">annual report (pdf)<\/a>.Details of the potential transactions remain undisclosed, but Borouge CEO Hazeem Al Suwaidi <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8154f044-6e54-4ada-ac2b-24fbaa9b4b93\/it%25e2%2580%2599s-a-foggy-morning-%2B-dubai%25e2%2580%2599s-pmi-figures-are-out-today\" style=\"\" rel=\"noopener\">recently said<\/a> it\u2019s eyeing growth and acquisitions in China and India. <\/p>\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 mulls nuclear investments in Europe: <\/strong>The UAE has reportedly held talks with the UK, among other European countries, to explore potential investments in the continent\u2019s nuclear power infrastructure, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/uae-signals-interest-european-nuclear-energy-investments-sources-say-2024-03-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing sources in the know. Among what\u2019s on the table is ADQ-backed <a target=\"_blank\" href=\"https:\/\/www.enec.gov.ae\/\" style=\"\" rel=\"noopener\">Emirates Nuclear Energy Company<\/a> (Enec) buying minority stakes in European nuclear assets, with the goal of \u201cbecoming an international nuclear energy company holding minority stakes in nuclear power infrastructure of other nations, without managing or operating them,\u201d the sources told Reuters. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The UK government reportedly approached Abu Dhabi investors about funding the development of the Sizewell C nuclear facility in Suffolk, <a target=\"_blank\" href=\"https:\/\/www.thetimes.co.uk\/article\/uae-state-energy-company-china-stake-sizewell-c-q7vk8jbtd\" style=\"\" rel=\"noopener\">the Times<\/a> reported last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Gov\u2019t inching closer to introducing golden licenses?<\/strong> The UAE\u2019s Economic Integration Committee recently discussed the introduction of golden licenses for businesses at competitive prices during its second meeting of the year, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/economyae\/posts\/pfbid08HDAyZWYQiJUc4DbKxjqhBBfVDXL47CMF3V7no3retC9QrTdpSV3auy28HAkdCNFl\" style=\"\" rel=\"noopener\">statement<\/a>. The licenses aim to attract more companies to the UAE over the next decade at competitive rates and contribute to government revenues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER<\/strong>- The committee first discussed the proposal to introduce 10-year golden licenses and five-year silver licenses for businesses at a meeting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/56d8defb-3179-4034-8445-e02aef962098\/golden-licenses-for-business%3F#:~:text=%231%2DIs,the%20outlet%20said.\" style=\"\" rel=\"noopener\">last week<\/a>. <\/p>\n<p class=\"tag-border-left\"> WAR WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-sponsored aid convoy departs Cyprus for Gaza:<\/strong> A shipment carrying 332 tons of food for Gaza departed from Cyprus\u2019 Larnaca port and is set to reach the enclave early next week, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/second-shipment-with-almost-400-tons-food-gaza-leaves-cyprus-port-2024-03-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> writes. This marks the second shipment this month facilitated through the new aid <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c772543e-b68b-4648-9677-aa5738c2f46a\/parkin-ups-retail-portion-of-ipo-on-exceptional-demand\" style=\"\" rel=\"noopener\">maritime corridor<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>UAE and Egypt also completed another round of their Birds of Goodness aid&nbsp;<\/strong><strong>dispatch<\/strong>, airdropping 82 tonnes of food and relief aid in the Gaza Strip, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b2f67k5-birds-goodness-executes-20th-humanitarian-aid\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Yesterday\u2019s dispatch brings the total number of airdrop missions to 20, and the total amount of aid dropped into Gaza to 989 tonnes since the start of the operations.<\/p>\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- Corporate USD-denominated sukuk issuances in the GCC hit a record high of <\/strong><strong>USD 8.7 bn in 1Q<\/strong><strong> 2024<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/article\/62190\/%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D8%A3%D8%AB%D8%B1-%D8%A8%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D9%83%D9%88%D9%83-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1%D9%8A%D8%A9-%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A7%D9%8B-%D9%81%D9%8A-%D8%A7%D9%84%D8%B1%D8%A8%D8%B9-%D8%A7%D9%84%D8%A3%D9%88%D9%84\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing data from Moody\u2019s. Outstanding debt maturing in 2024 to amount to USD 5 bn, which the firm expects will likely be refinanced through new sukuk issuances. Moody\u2019s anticipates favorable market and macroeconomic conditions, in addition to decelerating inflation, to encourage new market entrants to issue the USD Islamic bonds in the coming months after postponing their debt issuances due to high interest rates.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dubai-based&nbsp;<\/strong><strong>Jebel Ali Freezone (Jafza) added 881 new companies in 2023<\/strong>, up 13% y-o-y and averaging more than 73 new companies monthly, reports <a target=\"_blank\" href=\"https:\/\/www.emaratalyoum.com\/business\/local\/2024-03-30-1.1839855\" style=\"\" rel=\"noopener\">Emarat Alyoum<\/a>. Jafza also saw warehouse occupancy at 93% and land occupancy at 91% throughout the year. <\/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>#4- <\/strong><strong>Some 3.5k government tenders worth a combined AED 44 bn were awarded to&nbsp;<\/strong><strong>companies <\/strong><strong>with In-Country Value (ICV) certificates in 2023<\/strong>, up from just 707 in 2022, according to Abu Dhabi Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/abu-dhabi-department-of-economic-development-reports-aed44bn-of-government-tenders-awarded-in-2023\/\" 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>Um, Enterprise, what\u2019s an ICV certificate? <\/strong>These certificates are issued as part of the UAE\u2019s in-country value program, which rewards companies that prioritize localizing supply chains and attracting foreign investments. The certificate hands them an advantage in tenders and contracts.<\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s an achingly slow morning for news <\/strong>around the world \u2014 not surprising given today is a holiday in much of the western world (Easter Monday) and that our part of the world is sliding into the final days of Ramadan. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UP FIRST- Is there still a chance the US might convince Israel to back off an invasion of <\/strong><strong>Rafah? <\/strong>Conditions in the enclave continue to worsen as the US and Israel prepare for what <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/04\/01\/us-israel-rafah-meeting-virtual-monday\" style=\"\" rel=\"noopener\">Axios says in an exclusive<\/a> will be \u201ca virtual meeting on Monday to discuss the Biden administration's alternative proposals to an Israeli military invasion of Rafah.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s no word on what the \u201calternative\u201d might be for Gaza<\/strong>, where famine is imminent.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Turkish President Recep Tayyip Erdo\u011fan is on course for his biggest electoral <\/strong><strong>setback <\/strong>in nearly two decades as voters in municipal elections reject his AKP. Opposition mayors look set to cruise to victory in the nation\u2019s five largest cities: Istanbul, Ankara, Izmir, Bursa and Antalya. The story is everywhere from the <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/erdogan-battles-key-rival-turkeys-local-elections-2024-03-31\/\" style=\"\" rel=\"noopener\">Reuters<\/a> to the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/0deeaad7-d98f-46a3-aac9-a4e18086e8b1\" style=\"\" rel=\"noopener\">Financial Times<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/turkey-votes-sunday-in-high-stakes-local-election-327118db?mod=hp_lead_pos5\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: Kuwaiti voters go to the polls<\/strong> on Thursday to elect a new parliament.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SIGN OF THE TIMES- Enter the AI hypebeast: AI is having something of a crypto moment<\/strong>, the head of Google\u2019s AI research division tells the Financial Times. The bns of USD pouring into generative AI startups \u201cbrings with it a whole attendant bunch of hype and maybe some grifting and some other things that you see in other hyped-up areas, crypto or whatever. \u2026 In a way, AI\u2019s not hyped enough but in some senses it\u2019s too hyped. We\u2019re talking about all sorts of things that are just not real.\u201d Read: <strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/774901e5-e831-4e0b-b0a1-e4b5b0032fb8\" style=\"\" rel=\"noopener\">Huge AI funding leads to hype and \u2018grifting\u2019, warns DeepMind\u2019s Demis Hassabis<\/a><\/strong>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FINALLY- Tesla\u2019s latest challenger? It\u2019s made by smartphone maker Xiaomi:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China\u2019s Xiaomi has succeeded where Apple failed, becoming the first smartphone giant <\/strong><strong>to make an EV. <\/strong>The SU7, introduced over the weekend, is a challenger to Tesla that takes a lot of its styling cues from Porsche \u2014 and that starts at USD 4k less than Tesla\u2019s Model 3 with longer, 700-km range for the standard model. <a target=\"_blank\" href=\"https:\/\/www.mi.com\/global\/discover\/article?id=3095\" style=\"\" rel=\"noopener\">Check out the launch announcement here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It looks like the SU7 will be a hit in China\u2019s hypercompetitive EV market: <\/strong>Customers lined up for test drives until 3am on launch day, <a target=\"_blank\" href=\"https:\/\/carnewschina.com\/2024\/03\/31\/xiaomi-su7-customers-line-up-for-test-drives-til-3-am\/\" style=\"\" rel=\"noopener\">Car News China<\/a> reports, and the 2024 production run <a target=\"_blank\" href=\"https:\/\/carnewschina.com\/2024\/03\/30\/xiaomi-su7-sold-out-for-2024-within-24-hours\/\" style=\"\" rel=\"noopener\">sold out in just 24 hours<\/a> \u2014 some 120k units were ordered in the first day and a half it was on sale, <a target=\"_blank\" href=\"https:\/\/fortune.com\/2024\/03\/30\/xiaomi-from-apple-to-tesla-challenger-electric-vehicles-su7-launch\/\" style=\"\" rel=\"noopener\">one report suggests<\/a>. Xiaomi is also said to be <a target=\"_blank\" href=\"https:\/\/carnewschina.com\/2024\/03\/29\/xiaomi-doesnt-slow-down-new-suv-to-debut-by-the-year-end-to-take-on-model-y\/\" style=\"\" rel=\"noopener\">readying a mid-to-large size electric SUV<\/a> for introduction later this ear.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to go deeper? Telescope, the best English-language channel on China\u2019s <\/strong><strong>crazy-wonderful car market, has a solid first look.<\/strong> His take? Very positive, but he\u2019d love it if Xiaomi were to stop imitating Porsche and develop its automotive design language (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=xxwym-V_OYE\" style=\"\" rel=\"noopener\">watch, runtime; 11:12<\/a>).<\/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=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" 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\">CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government-organized AI summit Machines Can See is scheduled to take <\/strong><strong>place on Wednesday, 17 April <\/strong>at the Museum of the Future in Dubai. The one-day event will discuss the use of AI to transform urban systems and services, outlook on AI investments, and explore the risks of AI.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Esports and Games Festival (DEF 2024) kicks off on 19 April and runs <\/strong><strong>through 5 May<\/strong>, with several events around the emirate. The event features GameExpo, offering gaming experiences, tournaments, meet-ups with gaming celebrities, and educational events for students.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf Information Security Expo and Conference will take place between 23 and 25<\/strong><strong> April<\/strong> at the Dubai World Trade Centre. The event will gather hundreds of cybersecurity firms, government officials, and cyber experts from 130 countries. You can book your ticket here.<\/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.dubai.token2049.com\/\" style=\"\" rel=\"noopener\">Token2049<\/a><\/strong><strong> is taking place from 18-19 April at Madinat Jumeirah in Dubai<\/strong>. The event is set to bring together over 10k attendees from more than 5k companies, featuring over 200 speakers and more than 150 exhibitors. Flare Network\u2019s co-founder and CEO of Flare Labs, Hugo Philio is set to speak at the event on 18 April, according to a <a target=\"_blank\" href=\"https:\/\/twitter.com\/FlareNetworks\/status\/1770479442906739153?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1770479442906739153%7Ctwgr%5Ebb5a50921059bcd49812239d3fa06f7549e62782%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.tradingview.com%2Fnews%2Fcoindar%3Ac063b2d5c094b%3A0-flare-network-to-participate-in-token2049-in-dubai-on-april-18th%2F\" style=\"\" rel=\"noopener\">statement posted on X<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Carpet and flooring industry event <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.domotex.de\/en\/about-us\/domotex-worldwide\/domotex-middle-east\/\" style=\"\" rel=\"noopener\">Domotex Middle East 2024<\/a><\/strong><strong> is scheduled on <\/strong><strong>23-25 April at the Dubai World Trade Centre. <\/strong>The event brings together industry leaders like Merinos, Oriental Weavers, Solomon Carpets, and Al Abdullatif, as well as brands like Azim Silk.<\/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:\/\/adbookfair.com\/en\/adibf\" style=\"\" rel=\"noopener\">T<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/adbookfair.com\/en\/adibf\" style=\"\" rel=\"noopener\">he Abu Dhabi International Book Fair<\/a><\/strong><strong> is <\/strong><strong>set to take place from 29 April to 5 May <\/strong>at the Abu Dhabi National Exhibition Centre (Adnec), with Egypt as the guest of honor and Egyptian novelist Naguib Mahfouz as the focus personality. <\/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.wtm.com\/atm\/en-gb\/lp\/register-for-arabian-travel-market.html?utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=cpc&amp;utm_content=search_branded&amp;gad_source=1&amp;gclid=CjwKCAjwh4-wBhB3EiwAeJsppIU3GbvlJ38AFwezne5fd-tNEyE4gz2rOCTb_BMKLmi6gtMVN4PHWRoCEH0QAvD_BwE\" style=\"\" rel=\"noopener\">The Arabian Travel Market<\/a><\/strong><strong> is taking place from 6-9 May at DWTC Dubai<\/strong> under the theme Transforming Travel Through Entrepreneurship. The event will focus on issues relating to entrepreneurial strategies designed to accelerate innovation, increase revenues, and improve sustainability. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnec Group opened registration for the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.isnrabudhabi.com\/\" style=\"\" rel=\"noopener\">International Exhibition for National<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.isnrabudhabi.com\/\" style=\"\" rel=\"noopener\">Security &amp; Resilience<\/a><\/strong><strong> 2024<\/strong>, scheduled from 21-23 May at Adnec Centre Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b2c71pr-adnec-group-opens-registration-for-international\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The event focuses on national security, cybersecurity, and civil protection.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/borouge\/\">Borouge<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/war-watch\/\">War Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90624\" 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=\"90624\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/cbuae-downgrades-its-growth-projections-for-2024-saying-economy-will-grow-4-2\/\">\r\n                            CBUAE downgrades its growth projections for 2024, saying economy will grow 4.2%                        <\/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\/04\/01\/cbuae-downgrades-its-growth-projections-for-2024-saying-economy-will-grow-4-2\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The bank's revision is tied to the slow recovery of oil production following the <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/opec-ministers-meet-discuss-additional-oil-output-cuts-2023-11-30\/\" style=\"\" rel=\"noopener\">OPEC+ agreement<\/a> of voluntary oil output cuts in November, while the non-oil sector, although strong, is exhibiting signs of deceleration, according to the latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2659.pdf\" style=\"\" rel=\"noopener\">Quarterly Economic Review report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The CBUAE sees growth accelerating to 5.2% in 2025<\/strong>, supported by steady growth in the non-oil economy and stable oil production levels towards the end of 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The largest bank in the UAE had similar 2024 projections:<\/strong> First Abu Dhabi Bank anticipated <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dff71b34-6907-4a97-a7f0-f734b4b3cf1e\/%253cmark%253eeconomy-%253c%2Fmark%253eto-expand-by-4%2525-in-2024--fab\" style=\"\" rel=\"noopener\">last month<\/a> that the UAE is poised for a 4% growth rate in 2024, primarily driven by the non-oil sector, while the oil sector is expected to contract due to temporary oil cuts in Saudi Arabia and declining oil prices. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE's economy grew 2.5% in 3Q 2023<\/strong>, slowing down from 8.3% in 3Q 2022, primarily due to decelerating non-oil growth (contributing 75% to GDP) and additional oil production cuts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Non-oil GDP growth slowed to 5.8% y-o-y in 3Q 2023<\/strong>, down from 7.3% in the previous quarter, primarily due to sluggish performance in financial and ins. services and manufacturing. However, this slowdown was partly offset by expansion in construction, transportation, storage, accommodation, and food services, the report reads. The central bank estimates that the non-oil sector\u2019s growth will continue to decelerate to 4.7% in 2024 due to unfavorable base effects and a slowdown in demand caused by stabilized migration inflows. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil contraction continues well into the third quarter<\/strong>, with a 5.6% y-o-y decline, following a 5.1% drop in 2Q 2023 driven by OPEC+ cuts reducing output to 2.9 mn barrels per day. Oil production is expected to remain subdued until 3Q 2024, according to the report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil GDP could contract to 2.9% in 2024<\/strong>, according to the CBUAE, a decrease from the previously estimated 8.1%, with an average production of 3 mn bpd. However, hydrocarbons are expected to increase by 6.2% in 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government recorded a fiscal surplus of AED 61 bn during 9M 2023<\/strong>, representing 4.4% of GDP, according to the report, but government revenues dipped 18.4% y-o-y to AED 370 bn. Total government expenditure for the first three quarters of 2023 came in at AED 309 bn, marking a 10.1% increase on the same period last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The CBUAE revised its inflation projection for 2024 to 2.5%<\/strong>, an increase from the previously projected 2.1% in December. The inflated figure is expected to come on the back of higher oil, wheat, and corn commodity prices as well as the expected depreciation of the USD as rate cuts loom, the report reads. The bank expects inflation to remain unchanged at 2.5% in 2025. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/central-bank-of-the-uae\/\">Central Bank of the UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/inflation\/\">inflation<\/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=\"90626\" 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=\"90626\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/mubadala-adia-invest-in-chinese-mall-unit\/\">\r\n                            Mubadala, ADIA invest in Chinese mall unit                        <\/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\/04\/01\/mubadala-adia-invest-in-chinese-mall-unit\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/mubadala-adia-invest-in-chinese-mall-unit\/')\">\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\/04\/01\/mubadala-adia-invest-in-chinese-mall-unit\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Mubadala, ADIA invest in Chinese mall unit&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/mubadala-adia-invest-in-chinese-mall-unit\/\">\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\/04\/01\/mubadala-adia-invest-in-chinese-mall-unit\/&title=Mubadala, ADIA invest in Chinese mall unit\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Mubadala%2C+ADIA+invest+in+Chinese+mall+unit+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F01%2Fmubadala-adia-invest-in-chinese-mall-unit%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/mubadala-adia-invest-in-chinese-mall-unit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/23.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90627\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/mubadala-adia-invest-in-chinese-mall-unit\/23-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/23.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"23.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/23.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/23.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90626\" class=\"content-area-description single-story post-90626 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-adia tag-enterpriseam-uae tag-investment-watch tag-ma-watch tag-mubadala 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\/4\/.b96af87c-6074-4f6b-8fb2-785e18df1a7a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala + ADIA join consortium investing USD 8.3 bn Chinese mall unit:<\/strong> Abu Dhabi sovereign wealth fund Mubadala and the Abu Dhabi Investment Authority joined a consortium of investors, led by Hong Kong-based private equity giant <a target=\"_blank\" href=\"https:\/\/www.pag.com\/en\/\" style=\"\" rel=\"noopener\">PAG<\/a>, in a USD 8.3 bn investment for a majority stake of 60% in the mall unit of Chinese property giant Dalian Wanda, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/china-developer-wanda-sells-60-mall-unit-83-bln-deal-2024-03-30\/#:~:text=HONG%20KONG%2C%20March%2030%20(Reuters,giant%20Dalian%20Wanda%27s%20mall%20unit.\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Ares Management also bought shares. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming, but Mubadala\u2019s contribution is a surprise: <\/strong>ADIA has been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fc6e7887-5dbe-4625-a4cd-4314e8f5103a\/abu-dhabi-investment-authority-eyes-minority-stake-in-china%25e2%2580%2599s-zhuhai-wanda-%2B-lots-of-m&a-news-this-morning\" style=\"\" rel=\"noopener\">in talks<\/a> to buy a minority stake in the mall operator \u2014 which operates nearly 500 malls for <a target=\"_blank\" href=\"https:\/\/www.wanda.cn\/\" style=\"\" rel=\"noopener\">Dalian Wanda Group<\/a> \u2014 for a while, as shareholders in the company looked to offload their stakes amid a downturn in its valuation. This is the first we hear of Mubadala\u2019s interest in a stake, but it comes amid an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f1c94c6a-24cd-48f7-9cfc-67f1c5480504\/mubadala-is-on-an-acquisition-spree\" style=\"\" rel=\"noopener\">acquisition spree<\/a> that saw it acquire stakes in two other companies last month alone, as well as make investments in venture and private credit funds and startups. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The mall operator\u2019s value has fallen to less than half of what it was three years ago. The company had initially promised investors a repayment of some CNY 30 bn plus interest if it does not IPO by the end of 2023, and has since reportedly been seeking a CNY 30 bn loan from regional banks to pay off investors wishing to sell their shares and pull out. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADIA\u2019s stake purchase was said to reportedly hinge on the company securing the loan<\/strong>, Bloomberg said previously, though it\u2019s not yet clear whether it has received one.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adia\/\">Adia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90628 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=\"90628\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/90628-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90628\" class=\"content-area-description single-story post-90628 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"http:\/\/www.mashreq.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/386.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90629\" 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=\"90629\">\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\">TOURISM<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/dubai-on-track-to-open-more-than-30-new-hotels-in-2024-in-tourism-push\/\">\r\n                            Dubai on track to open more than 30 new hotels in 2024 in tourism push                        <\/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\/04\/01\/dubai-on-track-to-open-more-than-30-new-hotels-in-2024-in-tourism-push\/\" 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\/04\/01\/dubai-on-track-to-open-more-than-30-new-hotels-in-2024-in-tourism-push\/')\">\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\/04\/01\/dubai-on-track-to-open-more-than-30-new-hotels-in-2024-in-tourism-push\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Dubai on track to open more than 30 new hotels in 2024 in tourism push&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/dubai-on-track-to-open-more-than-30-new-hotels-in-2024-in-tourism-push\/\">\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\/04\/01\/dubai-on-track-to-open-more-than-30-new-hotels-in-2024-in-tourism-push\/&title=Dubai on track to open more than 30 new hotels in 2024 in tourism push\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Dubai+on+track+to+open+more+than+30+new+hotels+in+2024+in+tourism+push+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F01%2Fdubai-on-track-to-open-more-than-30-new-hotels-in-2024-in-tourism-push%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\/04\/01\/dubai-on-track-to-open-more-than-30-new-hotels-in-2024-in-tourism-push\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/35.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90630\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/dubai-on-track-to-open-more-than-30-new-hotels-in-2024-in-tourism-push\/35-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/35.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"35.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/35.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/35.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90629\" class=\"content-area-description single-story post-90629 post type-post status-publish format-standard has-post-thumbnail hentry category-tourism tag-dubai tag-economy tag-enterpriseam-uae tag-hospitality tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.34292f82-a434-4585-9d34-1f9b2f9fd640.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai is on track to open 31 new hotels in 2024, bringing the total number of <\/strong><strong>hotels <\/strong><strong>in the emirate to 851<\/strong>, according to a new report from property consultant <a target=\"_blank\" href=\"https:\/\/cavendishmaxwell.com\/insights\/reports-and-whitepapers\/dubais-hospitality-sector-market-performance-in-2023\" style=\"\" rel=\"noopener\">Cavendish Maxwell<\/a>. The number of hospitality establishments reached 820 by the end of 2023 to meet growing demand, with 73% of the new supply falling within the luxury and upper upscale segments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Average daily rate levels increased by less than half a percentage point<\/strong>,<strong> <\/strong>compared to a 16% y-o-y increase in neighboring Abu Dhabi. Dubai\u2019s hospitality market achieved an overall average occupancy of 77% in 2023, representing a 6% y-o-y increase in occupancy rates.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The tourism sector's contribution to GDP is expected to have doubled to 36.1% in 2023<\/strong>, reaching pre-pandemic levels. The report attributes growth to initiatives to boost the tourism sector, with the national tourism strategy pegged to increase GDP contribution to AED 450 bn and attract investments worth AED 100 bn by 2031. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More hotels in 2025:<\/strong> An additional 16 hotels are slated for handover next year, according to the report.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"90631\" 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=\"90631\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/more-earnings-amanat-emirates-development-bank-foodco-and-ins-house\/\">\r\n                            More earnings: Amanat, Emirates Development Bank, Foodco and Ins. House                        <\/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\/04\/01\/more-earnings-amanat-emirates-development-bank-foodco-and-ins-house\/\" 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\/04\/01\/more-earnings-amanat-emirates-development-bank-foodco-and-ins-house\/')\">\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\/04\/01\/more-earnings-amanat-emirates-development-bank-foodco-and-ins-house\/\">\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=More earnings: Amanat, Emirates Development Bank, Foodco and Ins. House&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/more-earnings-amanat-emirates-development-bank-foodco-and-ins-house\/\">\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\/04\/01\/more-earnings-amanat-emirates-development-bank-foodco-and-ins-house\/&title=More earnings: Amanat, Emirates Development Bank, Foodco and Ins. House\">\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=More+earnings%3A+Amanat%2C+Emirates+Development+Bank%2C+Foodco+and+Ins.+House+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F01%2Fmore-earnings-amanat-emirates-development-bank-foodco-and-ins-house%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\/04\/01\/more-earnings-amanat-emirates-development-bank-foodco-and-ins-house\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"90632\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/more-earnings-amanat-emirates-development-bank-foodco-and-ins-house\/887-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"887.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/887.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90631\" class=\"content-area-description single-story post-90631 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-emirates-development-bank 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\/4\/.fd6379dd-ebdf-4990-b22e-ffe2a79c9df5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investment and education firm Amanat has posted a 38% y-o-y increase to AED 159.3 mn in adjusted net <\/strong><strong>income after tax and Zakat for 2023<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2656.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a> reads. The company incurred a AED 43.8 mn loss on an unadjusted basis due to the impact of one-time non-cash accounting adjustments. Revenues grew 40% y-o-y to AED 718 mn, due to the growth of its education and healthcare platforms \u2014 partly due to fresh acquisitions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> \u201cWe see positive momentum across our platforms and our focus is on driving growth through increasing student enrollments in the UAE, expanding our special education needs footprint in KSA and increasing bed capacity at our long-term care platform in UAE and KSA,\u201d Amanat CEO John Ireland said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends: <\/strong>The company is proposing a dividend payout of AED 50 mn for the year. <\/p>\n<p class=\"tag-border-left\"> INS. HOUSE-<\/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.insurancehouse.ae\/\" style=\"\" rel=\"noopener\">Ins. House<\/a><\/strong><strong> widened its net<\/strong><strong> losses to AED 41 mn in 2023<\/strong>, up from AED 28.35 in 2022, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2661.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The firm attributed this loss primarily to the poor performance in its motor ins. coverage segment, driven by the high competition in the market which led to low-rate premiums. The firm\u2019s revenues inched down 3% y-o-y to AED 242 mn during the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead, the company aims to grow its income<\/strong> by improving its \u201cdigital delivery capabilities, significant fine-tuning of risk underwriting of risk underwriting techniques and pricing models and enhanced claims management processes.\u201d <\/p>\n<p class=\"tag-border-left\">EMIRATES DEVELOPMENT BANK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates Development Bank\u2019s net income surged 440% y-o-y in 2023<\/strong> to AED 328.6 mn, according to the lender\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2672.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The bank saw its operating income climb 104% y-o-y to AED 585.9 mn on the back of higher net interest income and income from Shariah-compliant banking, and improved fee and commission income.<\/p>\n<p class=\"tag-border-left\">FOODCO NATIONAL FOODSTUFF-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foodco National Foodstuff widened its net losses to 13.8 mn in 2023<\/strong>, from a net loss of 19.4 mn in 2022, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2675.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The company\u2019s revenues fell 7% y-o-y to 46.4 mn in 2023. <\/p>\n<p class=\"tag-border-left\">FINANCE HOUSE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Finance House turned to the black in 2023 with a bottom line of AED 14.8 mn<\/strong>, up from a net loss of AED 11.3 mn in the previous year, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2697.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. Its net operating income grew 20.9% y-o-y to reach AED 156.1 mn during the period.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-development-bank\/\">Emirates Development Bank<\/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=\"90633\" 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\/20617.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=\"90634\" 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=\"90634\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/uae-eyes-digital-infrastructure-investments-in-kenya\/\">\r\n                            UAE eyes digital infrastructure investments in Kenya. Plus: Moody\u2019s confirms ADIB credit rating + Emirates begins SAF flights                        <\/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\/04\/01\/uae-eyes-digital-infrastructure-investments-in-kenya\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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data-image-title=\"27.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/27.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/27.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90634\" class=\"content-area-description single-story post-90634 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi-islamic-bank tag-ad-ports tag-also-on-our-radar tag-beeah-2 tag-emirates tag-enterpriseam-uae tag-etihad-rail tag-green-metal-industries tag-regulation tag-sustainability tag-sustainable-aviation-fuel 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\/4\/.5a0f856e-8e71-4ce7-a1ba-49499a866f2e.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">TECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> UAE + Kenya ink digital infrastructure investment memorandum: <\/strong>The Investment Ministry and Kenya\u2019s Information, Communications, and Digital Economy Ministry have inked an investment memorandum to establish a framework for investment collaboration in digitalization and technology, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2dzbq3-uae-kenya-sign-investment-memorandum-advance\" style=\"\" rel=\"noopener\">Wam<\/a> reported on Friday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agreement will see the two sides exploring investments for digital infrastructure, AI services, and 1 GW data center projects<\/strong> in Kenya. The technical and investment angles of developing large AI language models will also be assessed, Wam writes. The agreement also involves setting up a \u201cdigital corridor\u201d made up of network infrastructure to facilitate data exchange, hosting, processing, and transmission between the two countries.<\/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\">WASTE MANAGEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad Rail + <\/strong><strong>Beeah<\/strong><strong> ink waste management agreement:<\/strong> Beeah subsidiary Beeah Tandeef and Etihad Rail have agreed to cooperate on managing Etihad Rail\u2019s waste, according to a <a target=\"_blank\" href=\"https:\/\/www.etihadrail.ae\/post\/etihad-rail-signs-agreement-for-waste-management-services-with-beeah-group\" style=\"\" rel=\"noopener\">statement<\/a> out last week. Beeah will set a framework for waste treatment \u2014 including collection, transportation, disposal, and recycling \u2014 and together the pair will work on reducing energy consumption and curbing emissions from landfills. After recycling some of the waste, Beeah will convert it into fertilizer for local agricultural use. <\/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\">BANKING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Moody\u2019s affirmed Abu Dhabi Islamic Bank's local and foreign currency long-term issuer rating <\/strong><strong>at A2<\/strong> and short-term rating at P-1, the ratings agency said on Friday, according to <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-03-29-1.4847787\" style=\"\" rel=\"noopener\">Al Bayan<\/a>. Moody\u2019s also maintained a stable outlook for ADIB\u2019s long-term issuer ratings and upgraded the bank's baseline credit assessment to baa3 from ba1.<\/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\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Trade to deploy AI in digital products:<\/strong><a target=\"_blank\" href=\"https:\/\/www.dubaitrade.ae\/en\/\" style=\"\" rel=\"noopener\">Dubai Trade<\/a>, the unified digital window for cross-border trade and logistics in Dubai, is set to introduce generative artificial intelligence (AI) into its digital products, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b2csgr3-dubai-trade-leverage-for-better-efficiency\" style=\"\" rel=\"noopener\">Wam<\/a> reported last Wednesday. <\/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\">TRANSPORT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s Roads and Transport Authority has awarded contracts to develop 16 bus <\/strong><strong>stations and six bus depots across the emirate<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/march\/31-03\/rta-dubai-awards-contracts\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a> reports. The project includes renovated terminals, added prayer rooms, improved facilities, upgraded depots, residential quarters for drivers, and traffic signal installations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nine developers back DLD\u2019s real estate brokers program: <\/strong>The <a target=\"_blank\" href=\"https:\/\/dubailand.gov.ae\/en\/\" style=\"\" rel=\"noopener\">Dubai Land<\/a><a target=\"_blank\" href=\"https:\/\/dubailand.gov.ae\/en\/\" style=\"\" rel=\"noopener\">Department<\/a> (DLD) has signed a partnership with nine private and state-backed real estate developers to sell 10-15% of their real estate projects through Emirati brokers, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/march\/31-03\/dubai-land-department%5C\" style=\"\" rel=\"noopener\">statement<\/a>. The signatories include Emaar Properties, Expo Dubai, Deyaar, DAMAC Properties, Azizi Developments, MAG, Sobha Realty, Ellington Properties, and Al Bait Al Duwaliy Real Estate Development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates to begin SAF flights: <\/strong><a target=\"_blank\" href=\"http:\/\/www.emirates.com\" style=\"\" rel=\"noopener\">Emirates<\/a> began implementing its agreement with <a target=\"_blank\" href=\"https:\/\/www.neste.com\/\" style=\"\" rel=\"noopener\">Neste<\/a> to supply over 2 mn gallons of sustainable aviation fuel (SAF) for its flights departing from Amsterdam Schiphol Airport throughout this year, according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/ar\/news\/2024\/march\/27-03\/emirates-adds-saf\" style=\"\" rel=\"noopener\">statement<\/a> published last week. The SAF blend, fully integrated into Amsterdam Schiphol\u2019s refueling system, will comprise 1 mn gallons of pure SAF. Emirates and Neste also plan to introduce SAF at Singapore Changi Airport in the coming months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BUSINESS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>he Emirates Entrepreneurs Association and online platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.resthero.io\/\" style=\"\" rel=\"noopener\">Rest Hero<\/a><\/strong><strong> have agreed to work together to provide support to <\/strong><strong>Emirati entrepreneurs and SMEs <\/strong>in the food and beverage and e-commerce sectors, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-03-30-1.4848058\" style=\"\" rel=\"noopener\">Albayan<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SUSTAINABILITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>World\u2019s first airshade system lands in Abu Dhabi:<\/strong> Dutch startup Airshade Technologies has wrapped an eight-month testing period for the world\u2019s first air-operated shade system at the Masdar City solar power plant, reports <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/b2ddor2-%D9%85%D8%AF%D9%8A%D9%86%D8%A9-%D9%85%D8%B5%D8%AF%D8%B1-%D8%AA%D8%AE%D8%AA%D8%A8%D8%B1-%D8%A3%D9%88%D9%84-%D9%86%D8%B8%D8%A7%D9%85-%D8%AA%D8%B8%D9%84%D9%8A%D9%84-%D9%8A%D8%B9%D9%85%D9%84-%D8%A8%D8%A7%D9%84%D9%87%D9%88%D8%A7%D8%A1\" style=\"\" rel=\"noopener\">Wam<\/a>. The prototype relies on air pressure changes to open and close \u2014 as opposed to sensors, motors, or electricity \u2014 and mimics tree branches\u2019 movements in the sun. The emirate plans to employ the technology to provide shade in large community spaces without electricity and improve buildings\u2019 energy efficiency.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AD Ports Group and Archireef launch eco sea wall panels in Abu Dhabi: <\/strong>AD Ports Group and nature tech firm <a target=\"_blank\" href=\"https:\/\/archireef.co\/\" style=\"\" rel=\"noopener\">Archireef<\/a> partnered to develop eco sea wall panels at Abu Dhabi's Al Aliah Ferry Terminal and Saadiyat Marina and Ferry Terminal, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2024\/03\/29\/ad-ports-group-and-archireef-announce-deployment-of-eco-sea-wall-panels\" style=\"\" rel=\"noopener\">company statement<\/a>. Made from natural materials, these panels aim to restore marine biodiversity to developed shorelines. The project is in collaboration with Abu Dhabi Maritime, which is responsible for developing and managing the terminals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HEALTHCARE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirati businessman Abdul Rahim Mohammed Balghazouz Al Zarouni pledged <\/strong><strong>AED 150 mn to establish an endowment medical complex<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b2f678r-abdul-rahim-zarooni-announces-aed150-million\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The donation is part of the contract inked between Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI) and Abdul Rahim Al Zarooni. The funds generated from this project will be allocated to MBRGI\u2019s projects. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-islamic-bank\/\">Abu Dhabi Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ad-ports\/\">AD Ports<\/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\/beeah-2\/\">Beeah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates\/\">Emirates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etihad-rail\/\">Etihad Rail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/green-metal-industries\/\">Green Metal Industries<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/regulation\/\">regulation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sustainable-aviation-fuel\/\">sustainable aviation fuel<\/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=\"90636\" 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=\"90636\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/01\/us-corporate-borrowers-are-fast-tracking-their-financing-plans-ahead-of-anticipated-election-volatility\/\">\r\n                            US corporate borrowers are fast tracking their financing plans ahead of anticipated election volatility                        <\/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\/04\/01\/us-corporate-borrowers-are-fast-tracking-their-financing-plans-ahead-of-anticipated-election-volatility\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The possibility of a close election has caused companies to accelerate their financing plans to avoid the risk of running into pricier markets later this year, the salmon-colored paper wrote. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cI think what most companies are thinking \u2014 particularly frequent issuers \u2014 is \u2014 \u2018let\u2019s get the majority of our funding done in the first half of 2024\u2019,\u201d<\/strong> Morgan Stanley\u2019s David Hodgson told FT. \u201c[Then] if we go through the election, and the market response is positive for whatever reason, we\u2019ll use the back end of the year to get a head start on 2025,\u201d he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, investors continue to pour into corporate bonds:<\/strong> The US corporate bonds market <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/47b15260-d48c-4d67-94aa-b3b5c37380af\" style=\"\" rel=\"noopener\">has seen a record amount of inflows<\/a> since the start of the year, as investors look to cash in on high yields ahead of anticipated rate cuts. Inflows into corporate bond funds have recorded almost USD 23 bn so far this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Benchmarks in Hong Kong, Shanghai and Seoul are in the green this morning<\/strong>, while Japan\u2019s Nikkei is down 1.2% at dispatch time. Stock markets are closed across France, Germany and Italy and the London Stock Exchange is also closed today. Trading floors at the New York Stock Exchange and Nasdaq will reopen after a three-day weekend. US stock futures were up slightly overnight, with futures for the Dow, Nasdaq, and S&P 500 all up a bit more than 0.3%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US markets start 2Q after a strong start to the year: <\/strong>The S&P was up 10.2% in the first quarter, while the Nasdaq Composite added 9.1% and the Dow 5.6%.<\/p>\n<p><a target=\"_blank\" id=\"t.628c5f99527c4b8806b518c5b49831743caad1c0\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-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>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,228<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: -3.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,246<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +4.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,704<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: -3.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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>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\">4.9% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.3% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,402<\/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: +3.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">26,883<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.5% (YTD: +8.0%)<\/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>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\">5,254<\/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>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\">7,953<\/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: +2.8%)<\/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>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,083<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +12.4%)<\/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 87.00<\/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\">+1.9%<\/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>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 1.76<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.6%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 2,230<\/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\">+1.6%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 71,008<\/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% (YTD: +68.0%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX fell 0.4% yesterday<\/strong> on turnover of AED 1.1 bn. The index is down 3.7% 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>Palm Sports (+3.8%), Abu Dhabi National Company for Building Materials (+3.6%) and RAK Ceramics (+2.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Abu Dhabi National Energy Company (-9.9%), RAK Co. for White Cement and Construction Materials (-5.4%) and GFH Financial Group (-2.7%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index is up 0.3% on turnover of AED 419.3 mn. Meanwhile in Nasdaq Dubai, the index <\/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>Dubai Taxi approved a dividend payout of AED 71 mn for 2023<\/strong>, equivalent to 2.84 fils per share, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2683.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The payment is scheduled for 23 April. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Gas approved a dividend payout of USD 1.62 bn (about AED 5.9 bn or 7.8 <\/strong><strong>fils per share) for 2Q 2023<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2706.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. This brings the total dividend for the year to USD 3.2 bn (about AED 11.9 bn or 15.552 fils per share).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/us\/\">US<\/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=\"90638\" 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\/04\/01\/90638-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-90638\" class=\"content-area-description single-story post-90638 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\">APRIL<\/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-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>26 March-21 July (Tuesday-Sunday): \u2018From Kalila wa Dimna to La Fontaine: Traveling through Fables\u2019 <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.louvreabudhabi.ae\/en\/exhibitions\/kalila-wa-dimna\" style=\"\">exhibition<\/a><\/span><span style=\"font-weight:400;\">, Louvre Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-8 April (Wednesday- Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theminacup.com\/\" style=\"\">The Mina Cup<\/a><\/span><span style=\"font-weight:400;\">, JA sports center. <\/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>17 April (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/machinescansee.com\/\" style=\"\">Machines Can See<\/a><\/span><span style=\"font-weight:400;\">, Museum of the Future, 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>18-19 April (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubai.token2049.com\/\" style=\"\">TOKEN2049<\/a><\/span><span style=\"font-weight:400;\">, Madinat Jumeirah in Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19 April-5 May (Tuesday- Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaiesportsfestival.com\/en\/home\" style=\"\">Dubai Esports & Games Festival<\/a><\/span><span style=\"font-weight:400;\"> (DEF 2024). <\/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>23-25 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.domotex.de\/en\/about-us\/domotex-worldwide\/domotex-middle-east\/\" style=\"\">Domotex Middle East 2024<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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 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;\">25 April (Thursday): Bayanat AI and Yahsat simultaneous general assembly meetings <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-26 April (Thursday-Friday): <\/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>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>29 April- 5 May (Friday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/adbookfair.com\/en\/adibf\/participation-terms-and-conditions\" style=\"\">The Abu Dhabi International Book Fair<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Centre (ADNEC). <\/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>1-2 May (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.capitalmarketsummit.ae\/\" style=\"\">Capital Markets Summit<\/a><\/span><span style=\"font-weight:400;\">, Madinat Jumeirah, Dubai  <\/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>6-9 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wtm.com\/atm\/en-gb\/lp\/register-for-arabian-travel-market.html?utm_source=google&utm_medium=cpc&utm_campaign=cpc&utm_content=search_branded&gad_source=1&gclid=CjwKCAjwh4-wBhB3EiwAeJsppIU3GbvlJ38AFwezne5fd-tNEyE4gz2rOCTb_BMKLmi6gtMVN4PHWRoCEH0QAvD_BwE\" style=\"\">The Arabian Travel Market<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aimcongress.com\/\" style=\"\">AIM Congress<\/a><\/span><span style=\"font-weight:400;\"> 2024, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">8-9 May (Wednesday-Thursday): Innovative Finance Expo, Jumeirah Emirates Towers.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-12 May (Wednesday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tradearabia.com\/news\/TTN_419864.html\" style=\"\">Schmetterling Annual Conference<\/a><\/span><span style=\"font-weight:400;\">, Al Ain and Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">14-15 May (Tuesday-Wednesday): Seamless Middle East, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/\" style=\"\">The Airport Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 May (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.difc.ae\/whats-on\/news\/difcs-preferred-position-for-hedge-fund-ecosystem-develops-through-exclusive-hfm-partnership\" style=\"\">HFM Summit<\/a><\/span><span style=\"font-weight:400;\">, DIFC. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-26 May (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.livenation.me\/auh-comedy-week\" style=\"\">Abu Dhabi Comedy Week<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19 May (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/investopia.ae\/events\/investopia-europe\/\" style=\"\">Investopia Europe<\/a><\/span><span style=\"font-weight:400;\">, Milan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">19 May (Sunday): RTA\u2019s Deadline for bids to design and build Dubai Metro's Blue Line.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-23 May (Tuesday-Thursday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.isnrabudhabi.com\/\" style=\"\">International Exhibition for National Security & Resilience<\/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>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:400;\">27-28 November (Wednesday-Thursday): RAK Energy Summit, Al Hamra International Exhibition and Conference Centre, Ras Al Khaimah.<\/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\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>Nuclear investments in Europe? | Mubadala, ADIA buy stakes in Chinese mall unit | 31 new hotels in Dubai this year | Fuel price hike<\/p>\n","protected":false},"featured_media":90621,"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-90620","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"16922774-a3c0-4606-9f0c-ec397649ff43","teaser":"Nuclear investments in Europe? | Mubadala, ADIA buy stakes in Chinese mall unit | 31 new hotels in Dubai this year | Fuel price hike","photo_url":"https:\/\/ent.news\/2024\/3\/2021.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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