{"id":91208,"date":"2024-04-23T00:00:00","date_gmt":"2024-04-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=91208"},"modified":"2025-12-15T00:06:29","modified_gmt":"2025-12-15T00:06:29","slug":"govt-is-working-on-strategies-to-improve-drainage-infrastructure","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/govt-is-working-on-strategies-to-improve-drainage-infrastructure\/","title":{"rendered":"Gov\u2019t is working on strategies to improve drainage infrastructure"},"content":{"rendered":"<section id=\"91210\" 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=\"91210\">\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\/23\/up-next-drainage-infrastructure\/\">\r\n                            THIS MORNING: Drainage infrastructure coming? + UAE inks preliminary agreement with Turkey, Iraq, and Qatar for Development Road                        <\/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\/23\/up-next-drainage-infrastructure\/\" 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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du has launched its fintech arm, Du Pay; and sales prices in Dubai rose across 30 communities during 1Q 2024. <\/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>WEATHER- Expect a mostly sunny and hot day in Dubai and Abu Dhabi<\/strong>, with temperatures in the former hitting 35\u00b0C during the day, and an overnight low of 25\u00b0C. Abu Dhabi will be slightly cooler, with mercury hitting 32\u00b0C during the day and falling to an overnight low of 25\u00b0C. <\/p>\n<p class=\"tag-border-left\">OUR NEXT CONFERENCE IN CAIRO-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign investors are falling in love with Egypt again\u2026<\/strong> Foreign investors we speak with (debt, equity, and strategic alike) have growing appetite for Egypt. They\u2019re buying into local debt, eyeing promising shares, and committing bns of USD to both new ventures here and the growth of their existing businesses. They like the Egypt story that\u2019s taking shape after the float of the EGP, and its competitive advantages are clear to many of them: <strong>It\u2019s a massive consumer opportunity and a regional export hub of tomorrow.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong>The Enterprise Optimism Forum 2024 will do exactly what it says on the tin: <\/strong>Spark conversations about a future that sees Saudi Arabia, Egypt, and the the UAE at the heart of a more vital Middle East economy \u2014 and provide an early, actionable roadmap for those who are \u201clong Egypt.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><strong>We\u2019ll be talking with you about the agenda over the coming couple of weeks.&nbsp;<\/strong>It features speakers from Egypt and abroad who are future-proofing their businesses and angling to capture tomorrow\u2019s opportunities \u2014 and who aren\u2019t afraid to answer some tough questions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\"><a target=\"_blank\" href=\"https:\/\/forum.enterprise.news\/\" style=\"\" rel=\"noopener\">{<\/a> <strong><a target=\"_blank\" href=\"https:\/\/forum.enterprise.news\/\" style=\"\" rel=\"noopener\">*** Interested in attending? Tap or click here to let us know.<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/forum.enterprise.news\/\" style=\"\" rel=\"noopener\">}<\/a> Seating is limited. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/optimism.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/221.jpg?ssl=1\"><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"background-color: transparent;\">AFTER THE STORM-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a><strong> #1- Strategies for drainage infrastructure incoming:<\/strong> The Energy and Infrastructure Ministry is preparing a \u201ccomplete study\u201d on dam and waterway expansions to help contain future storms, following President Mohamed bin Zayed\u2019s directive to evaluate the country\u2019s infrastructure after severe weather, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/de\/article\/13vmkmp-uae-showed-high-effectiveness-dealing-with\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The ministry has dispatched teams to assess the impact of heavy rainfall on dams and roads and create strategies to bolster dam capacity, enhance waterways, repair damaged roads, and upgrade rainwater drainage along federal roads to withstand severe future weather events. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Ins. claims to surge to record highs: <\/strong>Ins. firms are grappling with high ins. claims following the heavy rainfall that took place last week, with some reporting a 400% surge in claims compared to previous peaks after rainstorms, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/uae-up-to-400-jump-in-insurance-claims-as-record-rainfall-damages-thousands-of-cars\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. While vehicle damage claims account for most of the claims, the companies have also received claims from restaurants, shops and other small retailers valued at \u201chundreds of thousands,\u201d according to firms interviewed by Khaleej Times. Consequently, ins. companies expect to \u201csee the highest number of claims ever recorded from a single event,\u201d eSanad CEO Anas Mistareehi said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Moody\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5e7d144e-f07b-4cf6-a5a5-78c31834f7c3\/gcc-insurers%25e2%2580%2599-income-to-expand-between-5-15%2525-in-2024--s&amp;p#:~:text=Moody%E2%80%99s%20forecast%20isn%E2%80%99t,Mohammed%20Ali%20Londe.\" style=\"\" rel=\"noopener\">expects<\/a><\/strong><strong> the heavy rainfall to add pressure on local ins. companies<\/strong>, especially impacting small and medium-sized firms that have not seen recent income growth, With local ins. providers relying on reins. services to mitigate their losses, the recent weather events are projected to drive up reins. costs in upcoming renewals, according to Moody\u2019s ins. senior analyst Mohammed Ali Londe. On the flip side, S&amp;P Global foresees the storm having little impact on local firms as the losses are either \u201cnot [covered] or ceded to global\u201d reins. firms.<\/p>\n<p class=\"tag-border-left\">MORE GOV\u2019T RELIEF EFFORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Banks and ins. providers will allow a six-month deferral of personal and car loan <\/strong><strong>repayments for customers affected by recent weather conditions<\/strong>, with no extra fees or interest during the deferral period, following directives from the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1622.pdf\" style=\"\" rel=\"noopener\">Central Bank of the UAE (CBUAE) (pdf)<\/a>. The CBUAE also verified that comprehensive ins. policies will cover the losses from last week\u2019s storm, including vehicle and property damages, with ins. providers required to provide compensation for these damages.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong>Sharjah police has waived the fees for issuing vehicle damage certificates<\/strong> for cars damaged in the emirate, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/ShjPolice\/posts\/pfbid0Y3TKb3pFnEB8zoNWQzXfW8FTUL3JCsHEf9qhTZ3BpWdRmuygXviZh4aw422jbKw4l?__cft__[0]=AZVhxcPgAe7w2V2eMgJlsdgHM-f7Pyl7K2003XNM4DTjiUEJY62HzhmumeNUir2F3q1koyJz_l8wDI5M5ea9l5fLaMM7ernDhwBss964A8htE8QAWbVhgyS4kAW54t7SbxT5YP1jtN1kKeiqj5XtqXHxuJbPZBL5fqpKtgZN8yJFVWbwVebI3mmDQtCJhyqakpVt_U_kAi4kRvaX-FwIjl-b&amp;__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">statement<\/a>. The emirate\u2019s police department also <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/ShjPolice\/posts\/pfbid0MFnnwCaWzVueHGEPJPFoLNKeSUAU75dfU8Tk8ny1Jave1WM2ADamMtmdmGzcbJY8l?__cft__[0]=AZW86q_ry4eKx82L6SqArah0Pc26SPvW-E9kI0mDa_jyfFtVR5T1aWozixF2ndTqcsjLpTbrY6eWtInSLu5S8-SSSwxt2HEggldkI-_nMKhi1LvWxCbx4vJo6b80X3Z1166brVwqcuSeMubT31v2BzQ2G4uIv1TcsPBi360LhcBoi0Eoc26YGHTQENDCb1ijmqo2KpX2-1IMgMWGHa5Ftlac&amp;__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">canceled<\/a> all traffic fines over violations caused by the rainfall over the past week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Got your car damaged in Sharjah?<\/strong> Request the damage certificate on the police\u2019s <a target=\"_blank\" href=\"https:\/\/www.shjpolice.gov.ae\/\" style=\"\" rel=\"noopener\">website<\/a> or <a target=\"_blank\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.egov.SharjahPoliceSmartApp&amp;hl=en&amp;gl=US\" style=\"\" rel=\"noopener\">smart app<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The Sharjah Private Education Authority is permitting Sharjah schools to provide<\/strong><strong> in-person, remote, or hybrid classes, from today until this Thursday<\/strong>, due to disruptions affecting students, parents, and staff, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/uae-schools-allowed-to-conduct-hybrid-classes-in-sharjah-from-tomorrow\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. <\/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\"><strong>#1- AI is going to make building permit procedures easier in AD:&nbsp;<\/strong>Abu Dhabi\u2019s Department of Municipalities and Transport launched two AI technologies to improve the building permit procedure, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/infrastructure\/department-of-municipalities-and-transport-launches-ai-solutions-to-streamline-building-permit-processes-in-the-emirate\/\" style=\"\" rel=\"noopener\">statement<\/a>. These technologies consist of AI-enabled building information modeling (BIM), an automated plan review system (APRS), and a virtual chatbot. The goal is to increase the efficiency and precision of permit submissions and reviews by using AI for code compliance checks and granting immediate access to building codes via a virtual assistant.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- You can now get short-term berth rentals + docking services at Dubai ports<\/strong><strong> through RTA:<\/strong> Dubai\u2019s Roads and Transport Authority (RTA) will integrate its services within the Dubai Maritime Authority\u2019s system to provide improved marine transport services within the Ports, Customs, and Freezone Corporation, according to an RTA <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/developing-360-maritime-services-via-e-link-to-dubai-maritime-authority\" style=\"\" rel=\"noopener\">statement<\/a>. The integration will see RTA offering options like short-term berth rentals at maritime stations which allow private boats to temporarily dock at maritime stations without requiring overnight stays.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The book building process for Spinneys Dubai\u2019s IPO kicks off today<\/strong>, with retail investors\u2019 subscription period ending next Monday, 29 April, and institutional investors\u2019 ending on Tuesday. The price range for the offering should also be announced today. Shares will begin trading on the DFM on 9 May. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Supermarket chain Spinneys Dubai is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7afffccb-5246-40b3-9f59-a15d3f145e46\" style=\"\" rel=\"noopener\">planning to offer up to a 25% stake<\/a> in an IPO on the DFM in what will be one of the first IPOs for a family-owned business.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dubai government employees will receive their April paychecks today<\/strong>, after Dubai Crown Prince Hamdan bin Mohammed Al Maktoum <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/april\/21-04\/hamdan-bin-mohammed-directs-early-disbursement-of-salaries-to-dubai-government-employees-on-23-april\" style=\"\" rel=\"noopener\">directed<\/a> early salary payments to support government employees, military personnel, retirees, and social benefits recipients during the severe weather. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/avpn.asia\/conference\/\" style=\"\" rel=\"noopener\">The AVPN Global Conference 2024<\/a><\/strong><strong> is kicking off today and running through to Thursday <\/strong>at The St. Regis Saadiyat Island Resort and Park Hyatt Abu Dhabi Hotel and Villas. The event aims to bring together more than 1.5k leaders in global social investment to advance humanitarian efforts in Asia, according to an Abu Dhabi Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/community\/avpn-global-conference-2024-to-unite-social-investment-efforts-to-drive-humanitarian-action-in-asia\/\" 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>#4- The National Forum for Small and Medium Enterprises: Government <\/strong><strong>Procurements will take place today <\/strong>at Dubai\u2019s Emirates Towers. Organized by the Ministry of Economy, the forum welcomes Emirati entrepreneurs to explore and compete for available tenders and contracts on its <a target=\"_blank\" href=\"https:\/\/mof.gov.ae\/government-procurement-operations\/\" style=\"\" rel=\"noopener\">digital procurement platform<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Gulf Information Security Expo and Conference will take place from today to Thursday<\/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>#6- Carpet and flooring industry event Domotex Middle East 2024 is scheduled from today to Thursday <\/strong><strong>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 class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong> #1- The UAE, Iraq, Turkey, and Qatar have signed a preliminary agreement to work together<\/strong><strong> on the Development Road project<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/twitter.com\/IraqiPMO\/status\/1782421216881496380\" style=\"\" rel=\"noopener\">statement<\/a> from the Iraqi prime minister's office. The project, initiated last year by Iraq with a budget of USD 17 bn, aims to connect a significant commodities port on Iraq's southern coast \u2014 Grand Faw Port \u2014 to Turkey's border via rail and road networks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Masdar + Alpha Dhabi vying to <\/strong><strong>develop solar<\/strong><strong> plant in Libya:<\/strong> State-backed renewables giant Masdar and Alpha Dhabi\u2019s W Solar Investment are in talks with the Libyan government to build a 500 MW solar power plant in Libya with the aim of exporting its production to Europe, Chairman of Libya\u2019s Renewable Energy Authority, Abdul Salam Al Ansari told Asharq Business (<a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/article\/62844\/%D9%85%D8%B5%D8%AF%D8%B1-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D8%AA%D8%AA%D8%AC%D9%87-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%81%D9%8A-%D9%84%D9%8A%D8%A8%D9%8A%D8%A7-%D8%B6%D9%85%D9%86-%D8%A8%D8%B1%D9%86%D8%A7%D9%85%D8%AC-%D9%84%D8%AA%D8%B5%D8%AF%D9%8A%D8%B1-10-%D8%BA%D9%8A%D8%BA%D8%A7%D9%88%D8%A7%D8%B7\/\" style=\"\" rel=\"noopener\">watch, runtime 5:27<\/a>). Masdar and W Solar had signed an agreement with the General Electric Company of Libya <a target=\"_blank\" href=\"https:\/\/alphadhabi.com\/press_release\/alpha-dhabi-w-solar-to-invest-inlibya-renewable-energy\/\" style=\"\" rel=\"noopener\">two years ago<\/a> to invest in building solar plants in Libya, although no details or specific investments were disclosed at that time. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar eyes China expansion:<\/strong> Masdar is also mulling expanding into China as it negotiates with partners the \u201cideal market strategy\u201d for entering the market, COO Abdulaziz Alobaidli told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2024\/04\/22\/uaes-masdar-explores-china-entry-to-boost-clean-energy-capacity\/\" style=\"\" rel=\"noopener\">The National<\/a> at the World Future Energy Summit last week in Abu Dhabi, adding that \u201cany serious investor who is ignoring China is committing a very strategic mistake.\u201d The potential move is part of the company\u2019s efforts to diversify its supply chain amidst geopolitical tensions impacting interest rates, logistics and supply chains to \u201censure that if those challenges start to materialize, we have the right mitigations,\u201d Alobaidli noted. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong> #3- Borouge to partner with Egypt on oil production freezone:<\/strong> Abu Dhabi-based petrochemicals firm Borouge is in early-stage talks with Egyptian Prime Minister Mostafa Madbouly to sign a preliminary agreement with the Fujairah emirate and to set up a freezone focused on the production, storage and trade of oil and its derivatives, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid021osFrpn1Mmp1rWTQryuKFVnW7KXE9ou1Xf2mdvtgLxYx8GKXgduKGsfnY3YwFjXMl\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt4\"><\/a><strong> #4- Emirates NBD is eyeing a majority stake in Yes Bank<\/strong>, India's sixth-largest private sector lender, reports <a target=\"_blank\" href=\"https:\/\/www.moneycontrol.com\/news\/business\/race-for-yes-bank-bids-likely-by-month-end-emirates-nbd-may-also-join-the-fray-12690941.html\" style=\"\" rel=\"noopener\">Moneycontrol<\/a>, citing people familiar with the matter. Japan\u2019s Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corp. are also considering bids for Yes Bank, which is expecting bids by the end of the month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:&nbsp;<\/strong>A State Bank of India-led consortium is exploring plans to sell its stake in Yes Bank, after bailing out of the Indian bank in 2020. Investors were granted a three-year lock-in period, which expired in March 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates NBD has had its eyes on India before: <\/strong>Emirates NBD reportedly submitted a bid to acquire a majority stake in India\u2019s central bank in <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/india-cbank-begins-evaluating-potential-bidders-idbi-bank-sources-2023-04-13\/\" style=\"\" rel=\"noopener\">April 2023<\/a>.<\/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\"><strong>#1- The combined net income of ADX-listed banks grew 27.9% y-o-y to AED 32.6 <\/strong><strong>bn in 2023<\/strong>,according to <a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4278055\/%D8%AA%D9%82%D8%B1%D9%8A%D8%B1-28-%D9%86%D9%85%D9%88%D8%A7-%D8%A8%D8%A3%D8%B1%D8%A8%D8%A7%D8%AD-%D8%A8%D9%86%D9%88%D9%83-%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A-%D8%AE%D9%84%D8%A7%D9%84-2023\/\" style=\"\" rel=\"noopener\">Mubasher statistics<\/a> based on financial data announced on the Abu Dhabi bourse. The total net incomes of companies listed on the ADX climbed 7.12% y-o-y in 2023, totaling AED 148.66 bn, according to Mubasher statistics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our friends at First Abu Dhabi Bank recorded the highest bottom line among banks during the year<\/strong> (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7632ce27-08c2-4ba9-9a4e-875e9a94ace1\/fab%25e2%2580%2599s-net-income-jumps-56%2525-in-2023-%2B-adnoc%25e2%2580%2599s-borouge-sees-annual-bottom-line-dip\" style=\"\" rel=\"noopener\">AED 16.4 bn<\/a>), followed by Abu Dhabi Commercial Bank (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/322c677b-ad2f-415d-afd4-b97053457077\/more-bumper%253cmark%253e-bank%253c%2Fmark%253e-earnings\" style=\"\" rel=\"noopener\">AED 8.2 bn<\/a>) and Abu Dhabi Islamic Bank (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b52bda57-0557-41d5-98bd-56ce9eee1c96\/adib-reports-bumper-2023-earnings\" style=\"\" rel=\"noopener\">AED 5 bn<\/a>). Finance House posted the largest improvement in net income in 2023, growing 177% y-o-y to AED 36 mn, while the National Bank of Fujairah came second with a bottom line of AED 725 mn, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fd987503-de1c-4950-b118-7931401e1fae\/nbf-reports-113%2525-jump-in-2023-net-income\" style=\"\" rel=\"noopener\">up 113% y-o-y<\/a>. Investment Bank and Bank of Sharjah were the only ADX-listed banks to incur losses during the period, posting losses of AED 1.03 bn and AED 273.5 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Dubai Chamber of Digital Economy attracted nine multinational companies in <\/strong><strong>2023<\/strong>,<strong> <\/strong>with a combined market value of AED 304 bn, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/april\/22-04\/dubai-chamber-of-digital-economy\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The companies come from Asia, Europe, the US, and Latin America, and operate across various sectors, including cybersecurity, tech, robotics, autonomous systems, e-commerce, the automotive industry, and cryptocurrencies.<\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a pleasantly slow morning in the international business press.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yesterday saw opening arguments in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/04\/22\/trump-hush-money-trial-gag-order-contempt-00153154\" style=\"\" rel=\"noopener\">Donald Trump\u2019s criminal hush-money trial<\/a><\/strong> \u2014 today will see prosecutors argue that The Donald is also in contempt of court for refusing to abide a gag order against attacking prosecutors, jury members, and witnesses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not a great time to be in professional services: <\/strong><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/pwc-looks-to-shrinknewu-s-consulting-partner-class-by-more-than-50-150a3388?mod=business_feat2_c-suite_pos1\" style=\"\" rel=\"noopener\">PwC is looking to cut<\/a> in half (compared to last year) the number of people it makes partners in the United States. Blame slowing demand for advisory services. McKinsey, meanwhile, is at the forefront of a movement among big consulting firms to cull underperformers. A <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8c3679c4-b34a-41d0-93c9-af96ea6f90e2\" style=\"\" rel=\"noopener\">\u201cbrutal round of career reviews\u201d<\/a> now in process at the high-flying firm.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The noise about tech stocks is about to go to 11: <\/strong>Tesla reports its 1Q earnings today, Meta follows suit tomorrow, while Google parent Alphabet and Microsoft both release on Thursday. They\u2019re all filing financials after a rough couple of weeks for tech stocks in New York.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US colleges are having a moment <\/strong>as student protests of Israel\u2019s war against Gaza (and US backing for it) continues to grow. Alexandria-born Columbia President Dame Minouche Shafik has suspended in-person classes to allow a cooling off period after she sent police to arrest a bit more than 100 protestors. Police have separately arrested over 50 protesters at Yale and Harvard is closing campus gates to non-students. Activists have organized \u201ctent cities\u201d at all three. <\/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\">MORNING MUST READ- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>The IMF revised downward its 2024 growth forecast for GCC countries by 1.3 <\/strong><strong>percentage points since October<\/strong>, anticipating the region\u2019s growth to reach 2.4% in 2024 due to Saudi Arabia\u2019s ongoing oil production cuts, which continue to weigh on growth, according to its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1552.pdf\" style=\"\" rel=\"noopener\">Regional Economic Outlook report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>However, the fund anticipates a rebound next year to 4.9% growth<\/strong>, driven by non-oil business activity expansion \u2014 to the tune of 3.6% \u2014 in 2024 as GCC members continue diversifying their economies. The fund <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3a56ec62-5cf0-4c1c-92f6-8c7e54cdbbbf\/%253cmark%253eimf%253c%2Fmark%253e-sees-the-uae'\" style=\"\" rel=\"noopener\">said last week<\/a> it expected to see the UAE\u2019s economy growing 3.5% in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fund\u2019s revised regional outlook forecasts<\/strong> 2.7% growth for the MENA region in 2024, down by 0.1 percentage point from its last update, on the back of the Red Sea shipping disruptions and the oil production cuts, coupled with \u201cexisting vulnerabilities related to high debt levels and elevated borrowing costs.\u201d Despite the challenges, the fund forecasts growth to pick up to 4.2% in 2025.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/transport\/\">transport<\/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=\"91212\" 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=\"91212\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/\">\r\n                            Ducab\u2019s metals subsidiary acquires GIC Magnet Wire                        <\/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\/23\/ducabs-metals-subsidiary-acquires-gic-magnet-wire\/\" 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 acquisition allows the Dubai Cables subsidiary to expand its downstream product offering, CEO Mohamed El Ahmedi said. GIC Magnet is also the only supplier from the region with market approval from US original equipment manufacturers (OEMs), the statement said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The acquisition is expected to reel in some USD 40.5 mn in increased annual revenues<\/strong>, according to the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the companies: <\/strong>DMB\u2019s products range from copper and aluminum rods and wires to cable conductors, with 75% going towards 45 countries across the Middle East, Africa, Asia, Europe, and the Americas, according to its website. GIC Magnet\u2019s products include copper rods and paper- and fiberglass-insulated wires, with a 50k square foot manufacturing facility in Jebel Ali. The company exports to 14 countries.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ducab\/\">Ducab<\/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\/manufacturing\/\">MANUFACTURING<\/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=\"91214\" 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=\"91214\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/sales-prices-increased-across-30-dubai-communities-in-1q-2024\/\">\r\n                            Sales prices increased across 30 Dubai communities in 1Q 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/sales-prices-increased-across-30-dubai-communities-in-1q-2024\/\" 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 emirate recorded over 34k sales transactions during the quarter, up 22% y-o-y on the back of increased transaction activity in the luxury property segment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI #1<\/strong><strong>- <\/strong>A previous <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bf774c56-79bd-4bfa-b3fa-eefcf4a9d373\/dubai%25e2%2580%2599s-property-market-reeled-in-aed-109.8-bn-in-sales-in-1q-2024\" style=\"\" rel=\"noopener\">report<\/a> by Dubai-based real estate broker Springfield Properties estimated a similar price growth percentage (25.9%), though it pegged the overall value of sales at AED 109.8 bn. The report also recorded some 37.1k transactions during the quarter, down 0.5% y-o-y, and different from Espace\u2019s estimate of an uptick in market volume.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Average prices inflated in 30 communities<\/strong>,<strong> <\/strong>with villa and townhouse prices growing 27% y-o-y and apartment prices increasing 18% y-o-y. Jumeirah Islands noted the largest price increase (49% y-o-y) across villas and townhouses, while JVC recorded the highest increase (30% y-o-y) across apartments. Jumeirah Golf Estates\u2019 sales prices remained flat, owing to a 78% y-o-y surge in transaction activity for the lower price point.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rentals were less popular: <\/strong>Transaction activity across the rental market continued to decline in most communities, driven by high rental prices, an affordable mortgage market, relaxed visa regulations, and ongoing population growth pushing tenants towards homeownership, the report adds. Arabian Ranches 3 and Jumeirah Islands were the only two villa and townhouse communities to record rental transaction volume increases during the quarter, increasing 127% y-o-y and 17% y-o-y, while Emaar Beachfront, Bluewaters Island, and Downtown Dubai saw increases of 189% y-o-y, 73% y-o-y, and 2% y-o-y in the apartments market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Palm Jumeirah recorded the highest rental price increase among villa and townhouse <\/strong><strong>communities<\/strong>,<strong> <\/strong>growing 63% y-o-y, followed by Dubai Hills (+36% y-o-y) and Meadows (+35% y-o-y). Bluewaters Island saw the highest rental increase in the apartments market, recording a 64% y-o-y increase.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Are the luxury and secondary segments seeing a slight slowdown? <\/strong>The volume of luxury homes between AED 10-20 mn sold fell 37% q-o-q, while the volume of sales of homes above AED 20 mn fell 32% q-o-q. The secondary market is also slowing to a more \u201crealistic and sustainable levels of activity,\u201d according to the report. More than half of units sold \u2014 roughly 19.7k \u2014 during the quarter were off-plan, while the secondary market saw 14.3k homes handed over, marking an 11% q-o-q decline. The secondary market collected slightly more in sales, however, racking up AED 44 bn compared to AED 43 bn in the off-plan market, according to Espace.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On an annual basis, the secondary luxury market continued to see growth: <\/strong>Secondary homes priced above AED 20 mn witnessed a 55% y-o-y growth in transaction activity during the period, while homes priced between AED 10-20 mn experienced a 48% y-o-y increase. Secondary properties valued at below AED 5 mn and between AED 5-10 mn saw less dramatic increases in trade volume, growing at 10% y-o-y and 16% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI #2- <\/strong>Some <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fe508259-3c6b-4805-a4a9-ef2cea9151e7\/dubai-luxury-market-continued-to-gain-traction-in-1q-2024\" style=\"\" rel=\"noopener\">105 homes priced over USD 10 mn were sold in Dubai in 1Q 2024<\/a>, marking a 19% y-o-y increase on the back of heightened buyer interest from \u201cinternational high-net-worth individuals vying for the city\u2019s most expensive homes\u201d and reduced supply, global property consultant Knight Frank said recently. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Secondary market figures weren\u2019t as pronounced in Springfield\u2019s estimate: <\/strong>While Springfield Properties\u2019 report similarly highlights off-plan units as dominating market volume and share, it reports a much lower sales figure \u2014 AED 8.2 bn \u2014 and a handover of just 12.7k units, compared with AED 50.4 bn in sales for off-plan properties.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91216 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data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/945.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91217\" 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=\"91217\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/dubais-umpc-invests-usd-550-mn-in-argentinian-lithium-project\/\">\r\n                            Dubai\u2019s UMPC invests USD 550 mn in Argentinian lithium project                        <\/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\/23\/dubais-umpc-invests-usd-550-mn-in-argentinian-lithium-project\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n  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project&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/dubais-umpc-invests-usd-550-mn-in-argentinian-lithium-project\/\">\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\/23\/dubais-umpc-invests-usd-550-mn-in-argentinian-lithium-project\/&title=Dubai\u2019s UMPC invests USD 550 mn in Argentinian lithium project\">\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%E2%80%99s+UMPC+invests+USD+550+mn+in+Argentinian+lithium+project+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F23%2Fdubais-umpc-invests-usd-550-mn-in-argentinian-lithium-project%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\/23\/dubais-umpc-invests-usd-550-mn-in-argentinian-lithium-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1632.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91218\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/dubais-umpc-invests-usd-550-mn-in-argentinian-lithium-project\/1632-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1632.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1632.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1632.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1632.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91217\" class=\"content-area-description single-story post-91217 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam-uae tag-investment-watch tag-manufacturing 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\/.4015c1b9-42ac-4d88-87d6-5a73ddefa076.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-based United Mining Projects Cooperation is investing USD 550 mn in a <\/strong><strong>lithium project in Argentina\u2019s Catamarca province<\/strong> through its subsidiary, Marhen Lithium, according to a Linkedin <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7187057636469587968\/\" style=\"\" rel=\"noopener\">statement<\/a>. The project also aims to develop the lithium into value-added products, with the funds set to be disbursed over a four-year period, according to <a target=\"_blank\" href=\"https:\/\/www.iprofesional.com\/negocios\/404289-emiratos-arabes-busca-empleados-para-empresa-de-litio-en-argentina\" style=\"\" rel=\"noopener\">iProfessional<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More details:<\/strong> The project is expected to create 700 jobs during the construction phase and keep 200 during production, generating some USD 168 mn for Argentina\u2019s economy, iProfessional said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the project:<\/strong> Catamarca generates some 20k tonnes of lithium carbonate equivalent (LCE) every year and hosts most of the country\u2019s exploration projects. Argentina is the fourth top producer of the mineral in the world, behind Australia, Chile, and China. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/manufacturing\/\">MANUFACTURING<\/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=\"91219\" 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=\"91219\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/\">\r\n                            Blockchain VC Klumi receives ADGM license                        <\/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\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/\" 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\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/')\">\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\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/\">\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=Klumi Ventures becomes first Web3 VC to receive ADGM license&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/\">\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\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/&title=Klumi Ventures becomes first Web3 VC to receive ADGM license\">\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=Klumi+Ventures+becomes+first+Web3+VC+to+receive+ADGM+license+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F23%2Fklumi-ventures-becomes-first-web3-vc-to-receive-adgm-license%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\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91220\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/klumi-ventures-becomes-first-web3-vc-to-receive-adgm-license\/1587-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1587.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1587.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91219\" class=\"content-area-description single-story post-91219 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-abu-dhabi-global-market tag-blockchain tag-enterpriseam-uae tag-financial-services-regulatory-authority tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.9de7f5c7-4dd3-43ff-8a7a-ce1c578bb739.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AGDM licenses first Web3 VC:<\/strong> Abu Dhabi-based blockchain venture capital firm <a target=\"_blank\" href=\"https:\/\/www.klumiventures.com\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.klumiventures.com\/\" style=\"\" rel=\"noopener\">Klumi Ventures<\/a> has become the first Web3 venture capital firm to be regulated by the Abu Dhabi Global Market (ADGM) after receiving a license from ADGM\u2019s regulator, the Financial Services Regulatory Authority (FSRA), the firm said in a&nbsp;<a target=\"_blank\" href=\"https:\/\/www.klumiventures.com\/post\/klumi-ventures-uaes-first-web3-venture-capital-firm-regulated-by-adgm\" style=\"\" rel=\"noopener\">press release<\/a>. The license allows Klumi to invest in tokens and equity investments in early stage Web3 startups. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Klumi Ventures received in-principle approval from ADGM last year, the firm\u2019s COO Manal Rifki said in an interview at Future Blockchain Summit last October (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=tXcUN4XSa9E\" style=\"\" rel=\"noopener\">watch, runtime, 6:03<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Klumi Ventures is launching two funds<\/strong>, its flagship USD 100 mn fund for investing in decentralized sectors, and a USD 15 mn qualified investors fund for pre-seed and seed investments in early-stage Web3 startups.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What was said:<\/strong> \u201cIts establishment as a Web3 Venture Capital Fund and bringing specialized funds that fill a critical gap in the Web3 sector's needs, positions Klumi strongly to harness the immense potential of this sector, not only in Abu Dhabi but also throughout the region,\u201d ADGM\u2019s market development chief, Arvind Ramamurthy said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-global-market\/\">Abu Dhabi Global Market<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/blockchain\/\">Blockchain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-services-regulatory-authority\/\">Financial Services Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91221\" 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=\"91221\">\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\">FINTECH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/introducing-du-pay\/\">\r\n                            Introducing du Pay                        <\/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\/23\/introducing-du-pay\/\" 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\/23\/introducing-du-pay\/')\">\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\/23\/introducing-du-pay\/\">\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=Introducing du Pay&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/introducing-du-pay\/\">\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\/23\/introducing-du-pay\/&title=Introducing du Pay\">\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=Introducing+du+Pay+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F23%2Fintroducing-du-pay%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\/23\/introducing-du-pay\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1593.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91222\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/introducing-du-pay\/1593-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1593.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1593.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1593.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1593.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91221\" class=\"content-area-description single-story post-91221 post type-post status-publish format-standard has-post-thumbnail hentry category-fintech tag-du tag-enterpriseam-uae tag-fintech 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\/.cb659bd9-05cc-4940-aeeb-a5cf545fa587.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Telecoms giant<\/strong><strong> Emirates Integrated Telecommunications Company (EITC) \u2014 more commonly known as du \u2014<\/strong><strong> has launched <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dupay.ae\/en\" style=\"\" rel=\"noopener\">du Pay<\/a><\/strong>, a fintech solution aimed at improving financial inclusion, accessibility, and security, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1607.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The platform offers digital financial and payment services, including international transfers, peer-to-peer transfers, mobile top-ups, and bill payments. Du Pay also enables users, including domestic workers, to receive funds and salaries directly within the app. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The company had received a license from the Central Bank of the UAE<\/strong> to offer new digital financial services in March. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>App features: <\/strong>The platform supports Arabic, English, Hindi, Bangla, Malayalam, and Tamil languages to ensure inclusivity for its diverse user base. The app plans to incorporate a card feature to expand payment options.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cThis is an essential step forward in realizing the vision of a digital UAE, enabled by seamless transactions for all residents in a truly inclusive, secure,and convenient financial ecosystem,\u201d du CEO Fahad Al Hassawi said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>Du is considering integrating cryptocurrency and investment tools into Du Pay, CEO of Financial Services Nicolas Levi told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/future\/technology\/2024\/04\/22\/du-open-to-adding-crypto-and-investment-tools-to-its-new-fintech-service\/\" style=\"\" rel=\"noopener\">The National<\/a>. These additions could significantly benefit investors and would be pursued through partnerships and in compliance with UAE regulations, Levi added. It\u2019s also set to roll out a card soon, according to the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT-<\/strong> Market forecasts predict sustained expansion in the digital payment sector, projecting it to reach USD 3.3 tn in payment services by 2031.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/du\/\">du<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91223\" 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=\"91223\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/sharjah-islamic-banks-1q-2024-net-income-rises-11-4-y-oy\/\">\r\n                            Sharjah Islamic Bank's 1Q 2024 net income rises 11.4% y-oy                        <\/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\/23\/sharjah-islamic-banks-1q-2024-net-income-rises-11-4-y-oy\/\" 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\/23\/sharjah-islamic-banks-1q-2024-net-income-rises-11-4-y-oy\/')\">\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\/23\/sharjah-islamic-banks-1q-2024-net-income-rises-11-4-y-oy\/\">\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=Sharjah Islamic Bank's 1Q 2024 net income rises 11.4% y-oy&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/sharjah-islamic-banks-1q-2024-net-income-rises-11-4-y-oy\/\">\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\/23\/sharjah-islamic-banks-1q-2024-net-income-rises-11-4-y-oy\/&title=Sharjah Islamic Bank's 1Q 2024 net income rises 11.4% y-oy\">\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=Sharjah+Islamic+Bank%27s+1Q+2024+net+income+rises+11.4%25+y-oy+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F23%2Fsharjah-islamic-banks-1q-2024-net-income-rises-11-4-y-oy%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\/23\/sharjah-islamic-banks-1q-2024-net-income-rises-11-4-y-oy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1595.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91224\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/sharjah-islamic-banks-1q-2024-net-income-rises-11-4-y-oy\/1595-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1595.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1595.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1595.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1595.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91223\" class=\"content-area-description single-story post-91223 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseam-uae tag-sharjah-islamic-bank 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\/.c37b0ffb-dc3a-48c8-8cb4-061eda3a2fe0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Sharjah Islamic Bank\u2019s net income after tax rose 11.4% y-o-y to AED 259.7 mn, <\/strong>according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1579.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company attributes the net income growth to improving consumer demand and economic expansion in the UAE, as well as cost reductions and risk management strategies that the bank has undertaken to boost income. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Operating income reached AED 504.7 mn during the quarter<\/strong>, up a 4.3% y-o-y. Total assets increased by 6.4% to AED 70.1 bn, reflecting the bank's ability to grow its asset portfolio.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah-islamic-bank\/\">Sharjah Islamic 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=\"91225\" 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=\"91225\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/dubai-foundation-for-women-and-children-has-a-new-board-outsized-taps-regional-mena-lead\/\">\r\n                            Dubai Foundation for Women and Children has a new board + Outsized taps regional MENA lead                        <\/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\/23\/dubai-foundation-for-women-and-children-has-a-new-board-outsized-taps-regional-mena-lead\/\" 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\/23\/dubai-foundation-for-women-and-children-has-a-new-board-outsized-taps-regional-mena-lead\/')\">\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\/23\/dubai-foundation-for-women-and-children-has-a-new-board-outsized-taps-regional-mena-lead\/\">\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 Foundation for Women and Children has a new board + Outsized taps regional MENA lead&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/dubai-foundation-for-women-and-children-has-a-new-board-outsized-taps-regional-mena-lead\/\">\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\/23\/dubai-foundation-for-women-and-children-has-a-new-board-outsized-taps-regional-mena-lead\/&title=Dubai Foundation for Women and Children has a new board + Outsized taps regional MENA lead\">\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+Foundation+for+Women+and+Children+has+a+new+board+%2B+Outsized+taps+regional+MENA+lead+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F23%2Fdubai-foundation-for-women-and-children-has-a-new-board-outsized-taps-regional-mena-lead%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\/23\/dubai-foundation-for-women-and-children-has-a-new-board-outsized-taps-regional-mena-lead\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1625.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91226\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/dubai-foundation-for-women-and-children-has-a-new-board-outsized-taps-regional-mena-lead\/1625-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1625.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1625.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1625.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1625.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91225\" class=\"content-area-description single-story post-91225 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-dubai tag-enterpriseam-uae tag-moves tag-startups 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\/.86ab98e3-3bee-4c18-b008-6a798dfd11b9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A<\/strong><strong>hmed Darwish Al Muhairi<\/strong> will now chair the board of the <strong>Dubai Foundation for Women and <\/strong><strong>Children<\/strong>, after Crown Prince of Dubai Hamdan bin Mohammed bin Rashid Al Maktoum issued a resolution to form the board of directors for the foundation, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2s9qqc-hamdan-bin-mohammed-forms-board-directors-dubai\" style=\"\" rel=\"noopener\">Wam<\/a> reported. Al Muhairi was tapped six months ago as the director general of the Islamic Affairs and Charitable Activities Department in Dubai. Dr. Mona Issa Al Bahar will be the vice chair of the board.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Talent marketplace <strong><a target=\"_blank\" href=\"https:\/\/outsized.com\/\" style=\"\" rel=\"noopener\">Outsized<\/a><\/strong> has tapped <strong>Srikant Krishnan <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/srikant-krishnan-dubai\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as <strong>regional lead <\/strong><strong>for MENA<\/strong>, based out of Dubai. Krishnan\u2019s focus will be on expanding Outsized\u2019s market base in key sectors in the region, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1518.pdf\" style=\"\" rel=\"noopener\">press release (pdf).<\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    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                  <\/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=\"91228\" 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=\"91228\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/more-on-the-storm-russian-expats-in-dubai\/\">\r\n                            More on the storm + Russian expats in Dubai   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data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1624.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1624.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91228\" class=\"content-area-description single-story post-91228 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-enterpriseam-uae tag-russia tag-uae-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.2b17d688-ad14-4c05-8efa-7bf5f0887015.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s still all about the storm in the foreign press<\/strong>, with <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/04\/22\/weather\/dubai-flooding-before-after-satellite-climate\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a>&nbsp;sharing Nasa satellite images of Dubai and Abu Dhabi before and after the floods. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-22\/russians-transform-dubai-as-they-flee-putin-s-war-photo-essay\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong> is out with a photo essay chronicling the mark that Russians have left on<\/strong><strong> Dubai <\/strong>as thousands flocked to the city over the past few years, bringing their businesses, festivals, and restaurants.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/russia\/\">Russia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-in-the-news\/\">UAE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91230\" 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=\"91230\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/dar-global-aston-martin-to-create-usd-250-mn-luxury-residence-in-ras-al-khaimah\/\">\r\n                            Dar Global + Aston Martin to create USD 250 mn luxury residence in Ras Al Khaimah                        <\/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\/23\/dar-global-aston-martin-to-create-usd-250-mn-luxury-residence-in-ras-al-khaimah\/\" target=\"_blank\">\n                    Open in new tab 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class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1621.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91231\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/dar-global-aston-martin-to-create-usd-250-mn-luxury-residence-in-ras-al-khaimah\/1621-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1621.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1621.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1621.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1621.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91230\" class=\"content-area-description single-story post-91230 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-adx tag-ai tag-also-on-our-radar tag-banking tag-binance tag-crypto tag-dfm tag-district-cooling tag-education tag-empower tag-enterpriseam-uae tag-financial-services tag-g42 tag-legislation tag-ras-al-khaimah tag-real-estate tag-sharjah tag-virtual-assets-regulatory-authority wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.719220f8-a9e3-493c-b886-7cf829c79304.mp3\"><\/audio><\/figure><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>Real estate developer&nbsp;<\/strong><strong>Dar Global and Aston Martin will create a USD 250 mn <\/strong><strong>luxury beachfront residence development in Ras Al Khaimah<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dar-global-announces-partnership-with-aston-martin-to-deliver-stunning-beachfront-residences-in-ras-al-khaimah-united-arab-emirates-w0op1oao\" style=\"\" rel=\"noopener\">press release<\/a>. The project is set to be unveiled in May and completed by 2028 in collaboration with Aarvees Group. Aston Martin's design team will be responsible for creating the interiors for this project, located on Al Marjan Island near the Wynn Resort. <\/p>\n<p class=\"tag-border-left\">ENVIRONMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E<\/strong><strong>mpower connects Al Wasl skyscraper to its network:<\/strong> Emirates Central Cooling Systems Corporation PJSC (Empower) has begun the process of connecting Dubai\u2019s Al Wasl skyscraper to its district cooling network, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1516.pdf\" style=\"\" rel=\"noopener\">DFM filing (pdf)<\/a>. The connection will take place over two phases, with the first already underway and the second scheduled to start in 2H 2024. Once completed, the skyscraper will get 3.9k refrigeration tons (RT) of eco-friendly cooling capacity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the tower: <\/strong>The Al Wasl Tower stands at 302 meters with 65 levels and is now the world's tallest building with a ceramic fa\u00e7ade, according to the filing.<\/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>Manufacturing of single-use plastic bags is now banned in Sharjah<\/strong>, Sharjah municipality said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/photo\/?fbid=762066376034074&amp;set=a.544097264497654&amp;__tn__=%2CO*F\" style=\"\" rel=\"noopener\">statement<\/a>, directing all manufacturers to halt production. This move follows Sharjah Executive Council\u2019s decision to <a target=\"_blank\" href=\"https:\/\/wam.ae\/id\/article\/13vmklq-sharjah-police-offers-free-destruction\" style=\"\" rel=\"noopener\">ban single-use plastic bag usage<\/a>, which took effect last January.<\/p>\n<p class=\"tag-border-left\">BANKING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shariah-compliant financial services are now available on <\/strong><strong>Botim<\/strong><strong>: <\/strong>Abu Dhabi Islamic Bank (<a target=\"_blank\" href=\"https:\/\/www.adib.ae\/en\" style=\"\" rel=\"noopener\">ADIB<\/a>) partnered with <a target=\"_blank\" href=\"https:\/\/astratech.ae\/\" style=\"\" rel=\"noopener\">Astra Tech<\/a> to integrate its Shariah-compliant financial products and services into the Botim app, reports <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b2s9qbk-adib-becomes-first-bank-providing-integrated\" style=\"\" rel=\"noopener\">Wam<\/a>. ADIB is the first bank in the UAE to provide integrated financial services via Botim.<\/p>\n<p class=\"tag-border-left\">CAPITAL MARKETS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX inked an agreement with the Republican Stock Exchange Toshkent (RSE) in<\/strong><strong> Uzbekistan <\/strong>to boost cooperation, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/adx-signs-mou-with-republican-stock-exchange-toshkent-oyz1r50e\" style=\"\" rel=\"noopener\">press release<\/a>. The ADX and RSE will cooperate to improve their electronic trading and post-trading systems, exchange modern trading methods and technologies, and collaborate on educational and training programs aimed at fostering market growth and innovation. The MoU also sets the stage for RSE's inclusion as the fifth member of the Tabadul Digital Exchange Hub, the first digital exchange center in the region \u201cbased on mutual market access.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM is set to launch new futures contracts for Omani crude oil, <\/strong><a target=\"_blank\" href=\"https:\/\/hapijournal.com\/2024\/04\/22\/%D8%B3%D9%88%D9%82-%D8%AF%D8%A8%D9%8A-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D9%8A%D8%B7%D9%84%D9%82-%D8%B9%D9%82%D9%88%D8%AF%D8%A7-%D8%A2%D8%AC%D9%84%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%84%D9%84\/\" style=\"\" rel=\"noopener\">Hapi Journal<\/a> reports. These contracts, in cooperation with the Dubai Energy Exchange, will be available for trading starting tomorrow, with futures extending to June 2025.<\/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>Security solutions provider Delinea has expanded in Dubai with a new Azure Data Center,&nbsp;<\/strong>enhancing Privileged Access Management (PAM) solutions for the Middle East, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/delinea-announces-availability-of-new-dubai-data-center-built-on-microsoft-azure-igr75zwv\" style=\"\" rel=\"noopener\">press release<\/a>. The new center provides customers in the region with more deployment choices, catering to their compliance requirements through the company's improved cloud infrastructure on Azure.<\/p>\n<p class=\"tag-border-left\">LEGISLATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Sharjah Consultative Council (SCC) approved a draft law to establish the Rental <\/strong><strong>Disputes Center in Sharjah after several amendments<\/strong>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2s9qwb-scc-approves-draft-law-establishing-rental\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The law will regulate <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/afa22027-4c08-4697-a6bd-59d5b55dc8f0\" style=\"\" rel=\"noopener\">rental disputes<\/a> and replace existing committees. The center's objective is to boost stability, govern rental relationships, and ensure fairness and effectiveness in resolving disputes.<\/p>\n<p class=\"tag-border-left\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AI company G42 subsidiary Core42 has partnered up with US-based AI and machine learning firm Qualcomm <\/strong>to use its Cloud AI 100 products in its Condor AI platform, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2s9r28-g42-selects-qualcomm-boost-inference-performance\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One of several Emirati-American collaborations on AI: <\/strong>Microsoft last week <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ab8a12c3-4caf-4243-940c-f007b4d33c7a\" style=\"\" rel=\"noopener\">invested<\/a> USD 1.5 bn in G42 as part of a growing trend towards cooperation with the US over AI, as the latter looks to trump Chinese investments in the technology. G42 has been looking to expand in Western markets, and has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/45bff422-6aef-41f5-bd13-0fce03beb4d9\/Real-estate-market-growth-will-be-driven-by-expats-%2B-HNWI,-Markaz-suggests\" style=\"\" rel=\"noopener\">offloaded all its stakes in Chinese businesses<\/a> in a bid to reportedly appease US partners. <\/p>\n<p class=\"tag-border-left\">CRYPTO- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Binance will use VASP license to expand services: <\/strong>Crypto exchange <a target=\"_blank\" href=\"https:\/\/www.binance.com\/\" style=\"\" rel=\"noopener\">Binance<\/a> is planning to offer a wider range of virtual asset products to retail clients, including spot and leverage trading, as well as staking products, after bagging a license from Dubai\u2019s Virtual Assets Regulatory Authority <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/662d23f8-e371-438a-a72b-52a8589ecdaa\" style=\"\" rel=\"noopener\">last week<\/a>, Binance CMO Rachel Conlan told <a target=\"_blank\" href=\"https:\/\/www.skynewsarabia.com\/business\/1708022-%D8%A8%D9%8A%D9%86%D8%A7%D9%86%D8%B3-%D8%A7%D9%84%D8%A7%D9%95%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%B1%D8%A7%D9%8A%D9%94%D8%AF%D8%A9-%D8%A8%D8%A7%D9%84%D9%88%D8%B6%D9%88%D8%AD-%D8%A7%D9%84%D8%AA%D9%86%D8%B8%D9%8A%D9%85%D9%8A-%D9%84%D9%81%D8%B6%D8%A7%D8%A1-%D8%A7%D9%84%D8%A7%D9%94%D8%B5%D9%88%D9%84-%D8%A7%D9%84%D9%85%D8%B4%D9%81%D8%B1%D8%A9\" style=\"\" rel=\"noopener\">Sky News Arabia<\/a>. The new license also allows the company to offer passive income opportunities. The company aims to provide the largest range of regulated virtual asset services both in the UAE and globally, Conlan adds.<\/p>\n<p class=\"tag-border-left\">FINANCIAL SERVICES- <\/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:\/\/alansariexchange.com\/\" style=\"\" rel=\"noopener\">Al Ansari Exchange<\/a><\/strong><strong>was awarded with the Payment Card Industry Data Security Standard<\/strong><strong> (PCI DSS) certificate of compliance<\/strong> for 2024 after meeting the required data protection, encryption, vulnerability management, and network security standards, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1537.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. <\/p>\n<p class=\"tag-border-left\">EDUCATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi gets new agri-robotics center: <\/strong>A joint research center focusing on agri-robotics and automation will launch in Abu Dhabi\u2019s Al Ain, owing to a collaboration between Khalifa University of Science and Technology and agri-tech food company Silal to ramp up innovation in the sector, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/technology\/khalifa-university-of-science-and-technology-and-silal-to-create-centre-of-excellence-for-agri-robotics-and-automation\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The center will host support programs for startups and training programs for Khalifa University students and farmers, with research areas covering crop monitoring using AI-powered robotic platforms, computer vision for disease detection, and autonomous robotic systems for food production.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adx\/\">ADX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ai\/\">AI<\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/binance\/\">Binance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/district-cooling\/\">district cooling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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      <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah\/\">Sharjah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/virtual-assets-regulatory-authority\/\">Virtual Assets Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91232\" 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=\"91232\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/a-quiet-quarter-for-mena-equities\/\">\r\n                            A quiet quarter for MENA equities                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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<a href=\"https:\/\/api.whatsapp.com\/send?text=A+quiet+quarter+for+MENA+equities+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F23%2Fa-quiet-quarter-for-mena-equities%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\/23\/a-quiet-quarter-for-mena-equities\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1637.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91233\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/a-quiet-quarter-for-mena-equities\/1637-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1637.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1637.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1637.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1637.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91232\" class=\"content-area-description single-story post-91232 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-capital-markets tag-ipo tag-planet-finance 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\/.381323b0-3bdc-4657-8ae7-9452b0ccdeeb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MENA equity capital markets recorded their lowest 1Q equity and equity-related<\/strong><strong> issuances since 2021<\/strong>, raising USD 1.2 bn in 1Q 2024, according to data from the London Stock Exchange Group picked up by <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/markets\/equities\/mena-equity-capital-market-issuances-drop-6-yoy-in-q1-2024-wvm77a3s\" style=\"\" rel=\"noopener\">Zawya<\/a>. This marks a 6% y-o-y decline, and comes on the back of a 14% y-o-y drop in issuances.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IPOs accounted for 80% of equity capital market activity<\/strong>, with follow-on offerings making up the rest. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IPOs generated USD 931.4 mn in 1Q 2024<\/strong>, representing a decrease of 74% y-o-y. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/de573f5b-c1df-4b13-ba64-58e95fdfcffb\/parkin-share-price-rises-35%2525-on-market-debut\" style=\"\" rel=\"noopener\">Dubai parking operator Parkin\u2019s IPO<\/a> was the largest in the region, reeling in USD 428.7 mn in its DFM debut in March, followed by Saudi Arabia\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/bf94604c-d669-4f0d-9946-a119503f7306\/\" style=\"\" rel=\"noopener\">Modern Mills<\/a>, which raised USD 314 mn, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/5261b26e-e759-43d6-9184-ec46b1506a08\" style=\"\" rel=\"noopener\">Avalon Pharma<\/a>, which attracted USD 130 mn. The consumer products and services sector was the most active during the quarter, raising USD 448.1 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our friends at HSBC as well as Emirates NBD led the underwriting league table<\/strong>, the data shows. <\/p>\n<p class=\"tag-border-left\"> NYSE 24\/7?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Are you ready to trade New York equities around the clock? <\/strong>The New York Stock Exchange is polling \u201cmarket participants\u201d about their appetite for 24 \/ 7 stock trading. Regulators are separately looking into an application that could make the move possible. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Getting in step with the times? Or the fall of the last bastion of work-life balance in <\/strong><strong>finance? <\/strong>\u201cStock exchanges have become something of a laggard in a world where other big markets, including US treasuries, major currencies, and leading stock index futures, can be traded around the clock from Monday to Friday,\u201d writes the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/31c3a55b-9af9-4158-8a49-4397540571bf\" style=\"\" rel=\"noopener\">Financial Times<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And some brokers already simulate 24 \/ 7 weekday trading<\/strong> in a Rube Goldberg-type system that sees \u201ctrades either matched with their internal holdings, or conducted via a \u2018dark pool\u2019 trading venue such as Blue Ocean, where shares are often traded with Asian retail investors in their daytime,\u201d the paper notes. <\/p>\n<p class=\"tag-border-left\">THE MARKETS THIS MORNING-&nbsp;<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian shares are mixed in early trading this morning <\/strong>and futures suggest a soft opening for European markets and on Wall Street later today.<\/p>\n<p><a target=\"_blank\" id=\"t.5ae8f182e23e048cdeaeecf51e7bc17201bbc155\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-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\">9,076<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: -5.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,168<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +2.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,581<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.1% (YTD: -6.8%)<\/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>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.0% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.4% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-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\">12,509<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +4.5%)<\/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\">28,144<\/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\">-1.7% (YTD: +13.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;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\">5,010.60<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: +5.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,024<\/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% (YTD: +3.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,937<\/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: +9.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 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\">-0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 1.80<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-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>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 2,344.50<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 66,524.70<\/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\">+2.8% (YTD: +57.4%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p class=\"tag-border-left\">THE CLOSING BELL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX fell 0.6% yesterday<\/strong> on turnover of AED 996.2 mn. The index is down 5.2% 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>Sharjah Cement and Industrial Development (+14.0%), Eshraq Investments (+9.5%) and Phoenix Group (+3.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Invictus Investment Company (-6.3%), Alpha Dhabi Holding (-5.3%) and Ghitha Holding (-3.9%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index closed down 0.2% on turnover of AED 383.9 mn Meanwhile, Nasdaq Dubai fell 1.1%.<\/p>\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>Drake &amp; Scull International in the UAE is calling on shareholders to subscribe to <\/strong><strong>its AED 600 mn capital increase as of this Thursday, <\/strong>with the subscription period ending on 10 May, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1574.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The capital increase \u2014 which comes as part of its restructuring plans in a bid to relist on the DFM \u2014 would bring its total issued capital to around AED 3.4 bn. The company is issuing 2.4 bn new shares, priced at a discount of AED 0.75. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the funds go? <\/strong>The raised funds will cover debts, former employee payouts, government fees, and support operational activities and potential acquisitions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The DFM <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/794367e9-d827-41fd-ad72-7989318e8ef1\" style=\"\" rel=\"noopener\">approved<\/a> its restructuring plan \u2014 which will write off 90% of its debt \u2014 back in November 2023, which it was required to implement within a year from approval. The construction company was suspended from trading in November 2018 on the back of excessive financial losses and reporting violations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Emirates NBD Capital is serving as lead manager and bookrunner, while Emirates NBD Bank is serving as lead receiving bank.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emaar Properties approved a dividend payout of AED 4.42 bn for 2023<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1623.pdf\" style=\"\" rel=\"noopener\">regulatory filing (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates Ins. Company approved the distribution of AED 85.5 mn in dividends for 2023<\/strong>, equivalent to 55 fils per share, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/1602.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91234\" 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=\"91234\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/sultan-of-oman-arrives-in-the-uae-as-the-two-countries-ink-mous-to-boost-ties\/\">\r\n                            Sultan of Oman arrives in the UAE, as the two countries ink MoUs to boost ties                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/sultan-of-oman-arrives-in-the-uae-as-the-two-countries-ink-mous-to-boost-ties\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/sultan-of-oman-arrives-in-the-uae-as-the-two-countries-ink-mous-to-boost-ties\/')\">\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\/23\/sultan-of-oman-arrives-in-the-uae-as-the-two-countries-ink-mous-to-boost-ties\/\">\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=Sultan of Oman arrives in the UAE, as the two countries ink MoUs to boost ties&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/sultan-of-oman-arrives-in-the-uae-as-the-two-countries-ink-mous-to-boost-ties\/\">\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\/23\/sultan-of-oman-arrives-in-the-uae-as-the-two-countries-ink-mous-to-boost-ties\/&title=Sultan of Oman arrives in the UAE, as the two countries ink MoUs to boost ties\">\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=Sultan+of+Oman+arrives+in+the+UAE%2C+as+the+two+countries+ink+MoUs+to+boost+ties+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F23%2Fsultan-of-oman-arrives-in-the-uae-as-the-two-countries-ink-mous-to-boost-ties%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\/23\/sultan-of-oman-arrives-in-the-uae-as-the-two-countries-ink-mous-to-boost-ties\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1628.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91235\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/sultan-of-oman-arrives-in-the-uae-as-the-two-countries-ink-mous-to-boost-ties\/1628-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1628.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1628.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1628.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1628.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91234\" class=\"content-area-description single-story post-91234 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-uae tag-imf tag-oman tag-qatar tag-sudan tag-trade tag-transport tag-united-nations tag-world-bank 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\/.6d516d92-c0e7-4ad4-984e-23fcc0187888.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>President Sheikh Mohamed bin Zayed Al Nahyan and Sultan of Oman Haitham bin Tariq <\/strong><strong>met yesterday<\/strong> at Qasr Al Watan in Abu Dhabi, where they discussed strengthening bilateral relations and recent regional developments, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2s9qte-uae-president-sultan-oman-discuss-strengthening\" style=\"\" rel=\"noopener\">Wam<\/a> reported. Officials from the two countries inked MoUs to boost investments, as well as cooperation on renewables, sustainability, railways, tech, and education, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2s9qtf-uae-president-sultan-oman-witness-announcement\" style=\"\" rel=\"noopener\">Wam<\/a> reported separately. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two leaders promised to explore further economic prospects<\/strong>, and emphasized the \u201cimpenetrable fortress\u201d that is the GCC in the face of regional and global challenges. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Etihad Rail and Oman Rail signed an <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/details\/1395303087634\" style=\"\" rel=\"noopener\">agreement<\/a> late 2022 to create The Oman and Etihad Rail Company, which is co-owned by Oman and the UAE\u2019s governments and yields USD 3 bn in capital slated for the design, development, and operation of railways linking Oman\u2019s Sohar Port with the UAE\u2019s national railway network. The transport link between the UAE and Oman, <a target=\"_blank\" href=\"https:\/\/www.etihadrail.ae\/network\" style=\"\" rel=\"noopener\">first announced<\/a> in September, is aimed at bolstering trade between the two countries and the region. The rail line will serve both passenger and freight trains.<\/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>The UAE denied its involvement in any \u201cform of aggression or destabilization\u201d in <\/strong><strong>Sudan<\/strong>, dispelling such claims as \u201cdisinformation and false narratives,\u201d the UAE\u2019s Permanent Representative to the UN Mohamed Abushahab said in a <a target=\"_blank\" href=\"https:\/\/twitter.com\/UAEMissionToUN\/status\/1782215597486424439?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" style=\"\" rel=\"noopener\">statement<\/a> to the UN Security Council on Sunday. The UAE mission\u2019s letter came in response to a <a target=\"_blank\" href=\"https:\/\/press.un.org\/en\/2024\/sc15672.doc.htm#:~:text=The%20representative%20of%20Sudan,as%20a%20terrorist%20organization.\" style=\"\" rel=\"noopener\">statement<\/a> delivered by the Sudanese permanent representative to the Security Council last Friday, accusing the UAE of supporting the Rapid Support Forces, an accusation the UAE rejected as \u201cspurious\u201d and \u201cunfounded.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE stressed its ongoing commitment to supporting efforts to achieve a peaceful resolution in Sudan <\/strong>and that the Sudanese delegation\u2019s accusation only serves to \u201cdeflect responsibility and undermine international efforts to address the humanitarian crisis in Sudan.\u201d<\/p>\n<p class=\"tag-border-left\"> IN OTHER DIPLOMACY NEWS- <\/p>\n<ul>\n<li><strong>Sheikh Tahnoun bin Zayed Al Nahyan, Abu Dhabi\u2019s deputy ruler and national<\/strong><strong> security adviser, met with Qatar\u2019s Prime Minister<\/strong> and Foreign Affairs Minister Sheikh Mohammed bin Jassim Al-Thani to discuss strengthening bilateral ties. (<a target=\"_blank\" href=\"https:\/\/www.mofa.gov.qa\/en\/all-mofa-news\/details\/1445\/10\/11\/prime-minister-and-minister-of-foreign-affairs-meets-abu-dhabi-deputy-ruler-and-uae-national-security-adviser\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/united-nations\/\">United Nations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/world-bank\/\">World 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=\"91236\" 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=\"91236\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/abu-dhabi-residents-feel-safer-happier-this-year-according-to-new-survey\/\">\r\n                            Abu Dhabi residents feel safer, happier this year, according to new survey                        <\/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\/23\/abu-dhabi-residents-feel-safer-happier-this-year-according-to-new-survey\/\" 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\/23\/abu-dhabi-residents-feel-safer-happier-this-year-according-to-new-survey\/')\">\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\/23\/abu-dhabi-residents-feel-safer-happier-this-year-according-to-new-survey\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Abu Dhabi residents feel safer, happier this year, according to new survey&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/abu-dhabi-residents-feel-safer-happier-this-year-according-to-new-survey\/\">\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\/23\/abu-dhabi-residents-feel-safer-happier-this-year-according-to-new-survey\/&title=Abu Dhabi residents feel safer, happier this year, according to new survey\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Abu+Dhabi+residents+feel+safer%2C+happier+this+year%2C+according+to+new+survey+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F23%2Fabu-dhabi-residents-feel-safer-happier-this-year-according-to-new-survey%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\/23\/abu-dhabi-residents-feel-safer-happier-this-year-according-to-new-survey\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1528.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91237\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/23\/abu-dhabi-residents-feel-safer-happier-this-year-according-to-new-survey\/1528-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1528.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1528.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1528.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1528.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91236\" class=\"content-area-description single-story post-91236 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-abu-dhabi tag-enterpriseam-uae tag-oecd tag-on-your-way-out 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\/.485107a9-f8f2-41af-9e33-4031122bd707.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Happiness levels among Abu Dhabi residents rose to 7.69 on a scale of one to 10<\/strong>, up from 7.63 <a target=\"_blank\" href=\"https:\/\/addcd.gov.ae\/Media-Center\/News\/DCD-announces-third-cycle-results-of-the-Quality-of-Life-Survey-in-Abu-Dhabi\" style=\"\" rel=\"noopener\">last year<\/a>, according to Abu Dhabi\u2019s Department of Community Development\u2019s latest <a target=\"_blank\" href=\"https:\/\/addcd.gov.ae\/Media-Center\/News\/Department-of-Community-Development-Announces-Results-of-Fourth-Edition-of-Quality-of-Life-Survey\" style=\"\" rel=\"noopener\">Quality of Life survey<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How do we measure happiness, you ask?&nbsp;<\/strong>The survey tracks over 92k individuals across 14 OECD indicators, including housing, job prospects, family income, work-life balance, health, education, environmental quality, and personal security. The OECD indicator for happiness evaluates \u201clife satisfaction\u201d on a scale of 1 to 10, according to the <a target=\"_blank\" href=\"https:\/\/www.oecdbetterlifeindex.org\/topics\/life-satisfaction\/#:~:text=Happiness%20or%20subjective%20well%2Dbeing,quality%20of%20life%20across%20countries.\" style=\"\" rel=\"noopener\">OECD better life index<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Feelings of safety and family life satisfaction remained the same:&nbsp;<\/strong>Some 93.6% of participants felt safe in the emirate, while three-fourths said they felt they could rely on their relatives and friends. 73% of participants reported feeling content with the amount of quality time they spent with family.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>70.6% of participants reported satisfaction with their current housing.<\/strong> Participants\u2019 satisfaction with the quality of life averaged a total score of 6.94 out of 10, with 34.3% of heads of households satisfied with family income, and 64.7% of employed participants satisfied with their jobs.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oecd\/\">OECD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/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=\"91238\" 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\/23\/91238-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91238\" class=\"content-area-description single-story post-91238 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>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 style=\"font-weight:400;\">21 April-7 May (Sunday- Tuesday): The ICC Women's T20 World Cup Global Qualifier 2024. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22-24 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.emiratesskills.ae\/en\/Competitions\/NationalCompetitions\/Pages\/default.aspx\" style=\"\">Emirates Skills National Competition<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Center, 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;\">23 April (Tuesday): National Forum for Small and Medium Enterprises: Government Procurements, Emirates Towers, 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;\">23-29 April (Tuesday-Monday): Subscription period for retail investors for Spinneys\u2019 IPO.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23-30 April (Tuesday-Tuesday): Subscription period for institutional investors for Spinneys\u2019 IPO.<\/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): 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>23-25 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/avpn.asia\/conference\/\" style=\"\">The AVPN Global Conference 2024<\/a><\/span><span style=\"font-weight:400;\">, The St. Regis Saadiyat Island Resort and Park Hyatt Abu Dhabi Hotel and Villas, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">24-26 April (Wednesday-Friday): Global Education & Training Exhibition.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>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>27-28 April (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.frontiersincancer.com\/\" style=\"\">Frontiers in Advanced Hepato-Biliary Cancers and Transplant Oncology<\/a><\/span><span style=\"font-weight:400;\">, Cleveland Clinic Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-29 April (Sunday-Monday): World Economic Forum\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.weforum.org\/events\/special-meeting-on-global-collaboration-growth-and-energy-for-development-2024\/about\/\" style=\"\">Special Meeting on Global Collaboration, Growth and Energy for Development<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/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;\">9 May (Thursday): Spinneys shares begin trading.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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 style=\"font-weight:400;\">15 May (Wednesday): UAE and Indian officials are set to meet for the first time on the India-Middle East-Europe Economic Corridor. <\/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<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/investopia.ae\/events\/investopia-europe\/\" style=\"\">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>30 May (Thursday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/adfosummit.ae\/\" style=\"\">Abu Dhabi Family Office Summit<\/a><\/span><span style=\"font-weight:400;\">, Saadiyat Rotana Resort, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2-4 June (Sunday-Tuesday): The World Air Transport Summit and International Air Transport Association (IATA)\u2019s annual general meeting, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): The Hotel Show, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): INDEX, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): WORKSPACE, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-6 June (Tuesday-Thursday): Leisure Show, Dubai World Trade Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">15 June (Saturday): Arafat day, national holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">16-18 June (Sunday-Tuesday): Eid Al-Adha, national holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 1H 2024:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Spinneys inaugurates its first store in KSA<\/span><\/li>\n<\/ul>\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>5-8 December (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tickets.formula1.com\/en\/f1-3312-abu-dhabi?pgs=1&gad_source=1&gclid=CjwKCAjw_e2wBhAEEiwAyFFFo5lKSTphNqFv_Ectz0OzLo0NjMI0mNztBGynm9Rtn7X60C1_KW-XpBoCweIQAvD_BwE\" style=\"\">Formula 1 Etihad Airways Abu Dhabi Grand Prix<\/a><\/span><span style=\"font-weight:400;\">, Yas Marina Circuit. <\/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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime before the end of the year:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Spinneys inaugurates three more stores in KSA<\/span><\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>USD 550 mn investment in lithium | Du launches du pay | Emirates NBD eyes a stake in Yes Bank<\/p>\n","protected":false},"featured_media":91209,"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-91208","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"efc4c559-43be-4ebe-90d2-c5d622b43509","teaser":"USD 550 mn investment in lithium | Du launches du pay | Emirates NBD eyes a stake in Yes Bank","photo_url":"https:\/\/ent.news\/2024\/1\/886.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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