{"id":91468,"date":"2024-04-30T00:00:00","date_gmt":"2024-04-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=91468"},"modified":"2025-12-15T00:11:15","modified_gmt":"2025-12-15T00:11:15","slug":"adq-to-tap-debt-markets-with-usd-denominated-bonds","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/adq-to-tap-debt-markets-with-usd-denominated-bonds\/","title":{"rendered":"ADQ to tap debt markets with USD-denominated bonds"},"content":{"rendered":"<section id=\"91470\" 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=\"91470\">\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\/30\/chief-ai-officers-for-all-dubai-govt-entities-sidara-offloads-usd-1-4-bn-stake-in-worley\/\">\r\n                            THIS MORNING: Chief AI officers for all Dubai gov\u2019t entities + Sidara offloads USD 1.4 bn stake in Worley                        <\/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\/30\/chief-ai-officers-for-all-dubai-govt-entities-sidara-offloads-usd-1-4-bn-stake-in-worley\/\" 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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Also worth your attention: Aldar Properties is planning a USD 6.8 bn luxury development in Abu Dhabi | Agility will hit the ADX this week | Brookfield snapped up a controlling stake in Gulf Islamic Investments' realty platform. <\/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- WEATHER- It\u2019s another warm day in Dubai and Abu Dhabi<\/strong>, with the mercury hitting 35\u00b0C, with an overnight low of 27\u00b0C. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- We\u2019re in for more rain and stormy weather as of tomorrow evening<\/strong>, with the National Center of Meteorology warning of strong wind, thunder, and lightning until Thursday, with a chance of light to moderate rainfall on Friday and Saturday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Securities and Commodities Authority (SCA) is extending its decision to exempt <\/strong><strong>sustainability-linked bond and sukuk issuers from paying registration fees<\/strong>, for another year, state news agency Wam reports. The exemption was offered last year in a bid to encourage issuances of green bonds and boost sustainable development projects. <\/p>\n<p class=\"tag-border-left\">WORLD ECONOMIC FORUM- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>The economy is expected to have grown between 4-5% in 1Q 2024<\/strong>, Economy Minister Abdullah bin Touq Al Marri told Al Arabiya (<a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/04\/28\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D8%A7%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D8%AD%D8%AF%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9-%D8%AA%D9%81%D8%A7%D9%82%D9%85%D8%AA-%D9%85%D9%86%D8%B0-%D8%AC%D8%A7%D8%A6%D8%AD%D8%A9-%D9%83%D9%88%D8%B1%D9%88%D9%86%D8%A7\" style=\"\" rel=\"noopener\">watch, runtime: 09:35<\/a>) on the sidelines of the World Economic Forum\u2019s two-day special meeting in Riyadh, which wrapped yesterday. The 1H 2024 figures should be out in September. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Energy and Investment Minister Suhail Al Mazrouei took to the stage for several energy-focused sessions at the forum<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/13w1kqj-suhail-mazrouei-underscores-uae%E2%80%99s-commitment\" style=\"\" rel=\"noopener\">Wam<\/a> reported. Al Mazrouei pinpointed three challenges hindering the rapid deployment of renewables in emerging markets: Regulatory barriers, innovative financing, and lack of sufficient digital solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The minister also told CNBC he agrees with JPMorgan\u2019s call for a \u201creality check\u201d on the global transition away from fossil fuels <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/04\/29\/uae-minister-jpm-calls-for-reality-check-on-energy-transition-is-sensible.html\" style=\"\" rel=\"noopener\">watch, runtime: 01:12<\/a>)<strong>. <\/strong>JPMorgan had said in a note to clients that the transition to renewables could take \u201cgenerations\u201d to complete, especially in light of global headwinds, high interest rates, and geopolitical crises. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThe world is not the same\u2026 Some can afford it. <\/strong>They worked on fiscal changes, they adjusted their energy costs. Others have not,\u201d Al Mazrouei said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MORE FROM THE FORUM- The GCC\u2019s unified single tourist visa is well underway<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/uae-work-in-progress-to-launch-single-gcc-tourist-visa-minister-says\" style=\"\" rel=\"noopener\">Al<\/a><a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/uae-work-in-progress-to-launch-single-gcc-tourist-visa-minister-says\" style=\"\" rel=\"noopener\">Khaleej<\/a> quotes Al Marri as saying. \u201cOnce it comes into effect, it will contribute to highlighting the diverse tourism destinations in GCC countries, attracting and retaining tourists for longer periods, thus increasing the number of hotel guests and making the region one of the leading destinations for regional and international tourists alike,\u201d Al Marri said. The visa is expected to roll out later this year or next year once all GCC nations have streamlined entry for foreign tourists.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Residential prices in Dubai could rise between 5-10% in the near term<\/strong>, Damac Properties CEO Hussain Sajwani told Al Arabiya (<a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/04\/29\/-%D8%AF%D8%A7%D9%85%D8%A7%D9%83-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%84%D8%A7-%D9%86%D8%AA%D9%88%D9%82%D8%B9-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%B9%D9%82%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AF%D8%A8%D9%8A-%D8%A8%D8%A3%D9%83%D8%AB%D8%B1-%D9%85%D9%86-10-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D9%85%D8%AF%D9%89-%D8%A7%D9%84%D9%82%D8%B5%D9%8A%D8%B1\" style=\"\" rel=\"noopener\">watch, runtime: 01:09<\/a>) at the forum. Prices at Damac Properties\u2019 residential communities have only risen about 3% over the past six months, he added. He also notes rising interest in Dubai real estate among Indian and Chinese investors. <\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>Spinneys\u2019 book building period \u2014 which has seen \u201csignificant\u201d oversubscription \u2014 wraps today.<\/strong> The final pricing for Spinneys\u2019 IPO is expected to be at the top end of the indicative price range at AED 1.53, which would see the company raising AED 1.38 bn (USD 375 mn), according to the terms of the transaction seen by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-29\/spinneys-dubai-ipo-set-to-price-at-top-raising-375-million\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Retail investors have snagged all shares available since subscription opened last week, signaling strong interest in regional listings. The institutional investor subscription period ends today, with the final share price set to be announced tomorrow.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The company plans to offer a total of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7afffccb-5246-40b3-9f59-a15d3f145e46\/\" style=\"\" rel=\"noopener\">900 mn of its shares<\/a> \u2014 good for a 25% stake \u2014 on the Dubai Financial Market (DFM), with shares expected to begin trading on 9 May. The IPO will be among the first by a family-owned business in the UAE.<\/p>\n<p class=\"tag-border-left\">SIGNS OF THE TIMES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Move over, F1. Abu Dhabi just had its first AI driverless car race:<\/strong> Four AI-powered driverless cars raced at the Yas Marina Circuit in the inaugural Abu Dhabi Autonomous Racing League (A2RL) organized by research and development fund <a target=\"_blank\" href=\"https:\/\/www.aspireuae.ae\/\" style=\"\" rel=\"noopener\">Aspire<\/a>, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/abu-dhabis-first-driverless-cars-race-for-2-25-million-prize-pot-witness-nail-biting-finish\" style=\"\" rel=\"noopener\">Al Khaleej<\/a> reports. Competing teams coded AI algorithms for racing, with Technical University of Munich emerging victorious. The race attracted 10k spectators, and saw the champions bag a USD 2.25 mn award. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#2- All Dubai government entities will appoint chief AI officers <\/strong>as part of a new AI blueprint aimed at adding AED 100 bn from digital transformation to the emirate\u2019s economy, according to an <a target=\"_blank\" href=\"https:\/\/twitter.com\/HamdanMohammed\/status\/1784933169772269721\" style=\"\" rel=\"noopener\">X post<\/a> by Dubai Crown Prince Sheikh Hamdan bin Mohammed. The blueprint will also see the emirate introduce a comprehensive program geared towards attracting data centers, AI company licenses, as well as AI incubators, the crown prince said, without disclosing further details. <\/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=\"wwtt5\"><\/a> <strong>#1- Has Sidara just offloaded a USD 1.4 bn stake in Worley? <\/strong>That\u2019s according to the <a target=\"_blank\" href=\"https:\/\/www.afr.com\/street-talk\/goldman-sachs-launches-worley-block-trade-dar-selling-20240429-p5fnfx\" style=\"\" rel=\"noopener\">Australian Financial<\/a><a target=\"_blank\" href=\"https:\/\/www.afr.com\/street-talk\/goldman-sachs-launches-worley-block-trade-dar-selling-20240429-p5fnfx\" style=\"\" rel=\"noopener\">Review<\/a>, which reports that infrastructure group Sidara (formerly Dar Group) \u2014 engineering group Worley\u2019s largest shareholder \u2014 has sold a 19% stake in the company through a block trade transaction expected to be worth USD 1.4 bn. This leaves Sidara with a 4.5% stake in Worley. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brokers were asking fund managers to bid at a share price of USD 14.25-15 share apiece<\/strong>, 8-12.6% lower than its share price at the latest market close, the AFR reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Sidara has been a shareholder of Worley\u2019s since 2016, and <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/property\/dar-group-retains-worleyparsons-stake-after-takeover-approach-is-rebuffed-1.56928\" style=\"\" rel=\"noopener\">launched<\/a> a failed takeover bid in 2017 that Worley said at the time \u201cmaterially undervalued the company.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Goldman Sachs and Citi were mandated on the selldown, while Rothschild Australia acted as strategic advisor to Sidara. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Arqaam Capital is bullish about UAE + KSA growth:<\/strong> The UAE, along with Saudi Arabia, are expected to see strong growth this year, Arqaam Capital\u2019s Equities Research Head Jaap Meijer told Bloomberg TV <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2024-04-29\/arqaam-s-meijer-on-uae-saudi-growth-prospects-video\" style=\"\" rel=\"noopener\">(watch, runtime: 4:44)<\/a>. Meijer pointed to aviation, oil and gas services, healthcare, and infrastructure as his big picks for what will drive growth this year, pointing out that new contracts and infrastructure developments, including the construction of the new <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9f47e051-fbaf-4d95-aa2a-9ac46f2506f5\/al-maktoum-airport-expansion-plans-are-back-on-track\" style=\"\" rel=\"noopener\">terminal at Al Maktoum airport<\/a>, are creating additional growth potential.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Equities are going to do well \u2014 and we\u2019ll have banks to thank:<\/strong> Banks in the UAE and Saudi Arabia can expect to maintain healthy margins amid a persistent high interest rate environment, which Meijer said \u201cis highly positive on top of very buoyant balance sheet growth.\u201d Meanwhile, many UAE banks are filling in a liquidity gap in the Saudi market, which is also helping to stimulate lending growth.<\/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>#3- Dana Gas halts production in Iraq: <\/strong>UAE-based natural gas producer Dana Gas temporarily suspended production in Iraq\u2019s Kurdistan region, after a drone attack hit its Khor Mor gas field on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/73b7c6c8-3a1b-4645-9a57-17e5aba4b81f\/today:-dwc-expansion-gets-greenlit-%2B-dp-world-launches-new-barge-terminal-in-phl\" style=\"\" rel=\"noopener\">Friday<\/a>, killing at least four Yemeni workers, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/2054.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The firm said it would resume operations \u201cas soon as it is safe to do so.\u201d It is collaborating with the Kurdistan regional and Iraqi federal governments to ramp up security measures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fast facts: <\/strong>Dana Gas saw an 8% increase in production from Khor Mor last year to 36.9k barrels of oil equivalent per day.<\/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-<\/strong><strong>Gross bank assets crossed the AED 4.2 tn mark at the end of February<\/strong>, according to the Central Bank of the UAE\u2019s (CBUAE) latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/2133.pdf\" style=\"\" rel=\"noopener\">monetary and banking developments report (pdf)<\/a>. Gross credit grew a marginal 0.9% to AED 2 tn, while domestic credit rose by 1.1%, driven by increases in credit to various sectors: government (5.5%), public sector (0.2%), private sector (0.6%), and non-banking financial institutions (1.7%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total bank deposits reached AED 2.54 tn<\/strong>, propelled by a 2.5% increase in resident deposits and a 5% uptick in non-resident deposits. Increases in resident deposits were primarily driven by an 18.4% surge in public sector deposits and a 2% rise in deposits by the private sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, the <\/strong><strong>CBUAE\u2019s<\/strong><strong> total foreign assets reached AED 708 bn at the end of February<\/strong>, marking an increase of approximately AED 203 bn, or 40.2% y-o-y, according to the Bank\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/2136.pdf\" style=\"\" rel=\"noopener\">latest statistics (pdf)<\/a>. This is attributed to the increase in current account balances and deposits held with banks abroad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign investments made by the CBUAE hit AED 189.37 bn during the period<\/strong>, up 28.9% y-o-y.<\/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>#2- Dubai ranked first in the Arab world and 11th globally in the 2024 Leading <\/strong><strong>Maritime Cities (LMC) <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/2162.pdf\" style=\"\" rel=\"noopener\">report<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/2162.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. The emirate jumped two places from its position in the 2022 LMC report, owing to \u201cstrategic plans and initiatives\u201d rolled out by the Dubai Maritime Authority to ramp up competitiveness and drive sustainable growth in the maritime sector, focusing on green technology. It also secured the second position as a favored destination for relocating shipping operations, after Singapore.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi also jumped 10 places to rank 22nd on the list<\/strong>, as a result of its \u201cstrategic public policies and consistent investment,\u201d according to the report. Both emirates topped indicators for entrepreneurship in the report. <\/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>#3- Abu Dhabi Airports saw a 35.6% y-o-y increase in passenger traffic in 1Q 2024, <\/strong>rising to 6.9 mn passengers, it said in a <a target=\"_blank\" href=\"https:\/\/www.adairports.ae\/english\/media-centre\/press-releases\/2024\/2024-04-25-Abu-Dhabi-Airports-Reports-Strong-Results-for-Q1-2024#:~:text=The%20travels%20of%20more%20than,when%20figures%20reached%205.1%20million.\" style=\"\" rel=\"noopener\">statement<\/a>. Zayed International Airport hosted 6.8 mn passengers, up 36% y-o-y, and recorded a 26.6% y-o-y increase in flight movements on the back of returned and newly launched operations, which bumped up the airport\u2019s total number of regularly scheduled operators to 29 airlines. Zayed\u2019s top destination cities during the quarter included London, followed by Mumbai, Kochi, Delhi, and Doha. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cargo traffic was also up during the quarter, <\/strong>with 162k tonnes handled across all Abu Dhabi Airports\u2019 airports, up 25.6% y-o-y.<\/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\"><strong><a target=\"_blank\" href=\"https:\/\/optimism.enterprise.news\/\" style=\"\" rel=\"noopener\">*** Interested in attending? Tap or click here to let us know.<\/a><\/strong> 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;\">***<\/span><\/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>Gaza leads the front pages of the global business press<\/strong>, with hope rising in some quarters that an Egypt-brokered ceasefire agreement may be near.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could fresh talks begin as soon as today in Cairo? <\/strong>Israel has reportedly agreed to send a team of negotiators, and Hamas said it is \u201cstudying\u201d a ceasefire proposal, but hasn\u2019t yet confirmed it will participate. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The downside risk: <\/strong>An unconfirmed report by Egyptian broadcaster Al Qahera News claims the Hamas delegation left Cairo overnight and will respond in writing to the proposal (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=yi8PJjBAhNg\" style=\"\" rel=\"noopener\">watch, runtime: 0:22<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The hope: We could see something along the lines of a 40-day ceasefire in Gaza <\/strong>and the freeing of some Palestinian prisoners held in Israeli jails in return for the release of c. 33 Israelis held by Hamas. The exact details vary from report to report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Antony Blinken sounded like a hawker in Khan El Khalili<\/strong> as he told Hamas to accept Israel\u2019s \u201cextraordinarily generous\u201d offer, hinting it wouldn\u2019t be on the table for long. The US Secretary of State is expected to leave Riyadh for <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/middle-east\/blinken-begins-high-stakes-middle-east-trip-aimed-at-gaza-cease-fire-d0dfcc25?mod=hp_lead_pos9\" style=\"\" rel=\"noopener\">Jordan and Israel<\/a>, staying close to the region after meeting yesterday with Arab foreign ministers. Egyptian Foreign Minister Sameh Shoukry would say only that he\u2019s \u201chopeful.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The spin: <\/strong>Israel has <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4a7e2b2d-dc49-4181-80b8-2f9d05bc6e13\" style=\"\" rel=\"noopener\">\u201csignificantly softened\u201d its stance<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Joe Biden put in calls to Egyptian President Abdel Fattah El Sisi <\/strong>and Qatari Emir Sheikh Tamim bin Hamad Al Thani to push forward the talks, while Secretary of State Antony Blinken <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/blinken-saudi-crown-prince-discuss-achieving-peace-security-gaza-us-says-2024-04-29\/\" style=\"\" rel=\"noopener\">met yesterday<\/a> in Riyadh with Crown Prince Mohammed bin Salman.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- US politicians are circling the wagons and threatening the International <\/strong><strong>Criminal Court \u201cwith US retaliation\u201d<\/strong> if it goes ahead with plans to issue arrest warrants for Israeli officials over the conduct of the war in Gaza. Some lawmakers <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/04\/29\/icc-congress-netanyahu-israel-gaza\" style=\"\" rel=\"noopener\">are already preparing legislation<\/a> that would make the sanctions real. The Biden administration has <strong>claimed the ICC doesn\u2019t have jurisdiction over events in Gaza<\/strong> and said that <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-29\/israel-s-allies-warn-icc-action-could-jeopardize-ceasefire-with-hamas?srnd=homepage-middle-east&amp;sref=mmeFTDW1\" style=\"\" rel=\"noopener\">arrest warrants could stop movement toward a ceasefire<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- At least 20 lawyers in the Biden administration are breaking ranks<\/strong> with the White House, calling on the president to <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/04\/29\/lawyers-israel-arm-sales-biden-00154958\" style=\"\" rel=\"noopener\">block further arms shipments to Israel<\/a>. <\/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>AWAY FROM GAZA- <\/strong>Worries are mounting about the chances of <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/04\/29\/world\/africa\/el-fasher-darfur-sudan.html\" style=\"\" rel=\"noopener\">mass killing in Darfur<\/a>. | Spanish Prime Minister <a target=\"_blank\" href=\"https:\/\/www.politico.eu\/article\/pedro-sanchez-stays-prime-minister-spain\/\" style=\"\" rel=\"noopener\">Pedro S\u00e1nchez is not resigning<\/a>. | The <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6c115d61-7948-457e-ace9-f65c3cbb6ee9\" style=\"\" rel=\"noopener\">FT\u2019s obsession with Chinese spies<\/a> continues.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Make it in the Emirates (MIITE) Start-up Pitch Competition <\/strong><strong><a target=\"_blank\" href=\"https:\/\/form.typeform.com\/to\/RHHZTFyK\" style=\"\" rel=\"noopener\">application<\/a><\/strong><strong> deadline has been extended until 5 May<\/strong> for local and international tech companies in AI, 3D printing, and decarbonization in the industrial sector, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2wfrvu-deadline-extended-may-for-%E2%80%98make-the-emirates\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The competition aims to encourage technological innovation in the industrial sector, covering areas such as aviation, healthcare, automotive, electronics, energy, customized manufacturing, decarbonization, renewable energy, artificial intelligence and digitization, and carbon capture and storage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Arabian Travel Market is taking place from 6-9 May at DWTC Dubai<\/strong> under the theme Transforming Travel Through Entrepreneurship. The event will focus on issues relating to entrepreneurial strategies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aimcongress.com\/\" style=\"\" rel=\"noopener\"><\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aimcongress.com\/\" style=\"\" rel=\"noopener\">Annual Investment Meeting (AIM) Congress<\/a><\/strong><strong> is scheduled to be held on 7-9 <\/strong><strong>May at the Abu Dhabi National Exhibition Centre. <\/strong>Gathering senior government officials and industry experts, the summit will focus on exploring means of strengthening the economy under the theme Resilient, Sustainable Economic Growth \u2013 Creating a Healthy and Prospective Investment through FDI and FPI.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The&nbsp;<\/strong><strong><a target=\"_blank\" href=\"https:\/\/commodityinsights.spglobal.com\/mpgc.html?utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=q2_2024_emea_events_mpgc&amp;utm_content=advert2&amp;utm_term=conferences&amp;gclid=Cj0KCQjw_qexBhCoARIsAFgBlesc2VesT9r8VORd_K-RgkzohOU9Of4VXtk10bx42ptVJMeOi2x_gdgaAjX3EALw_wcB\" style=\"\" rel=\"noopener\">Middle East Petroleum and Gas Conference<\/a><\/strong><strong> is set to take place from 20-22<\/strong><strong> May in Dubai<\/strong>, hosted by the Emirates National Oil Company and under the organization of S&amp;P Global Commodity Insights. The theme of the conference is \u201cEvolving Core Energy Markets within a Sustainable Landscape.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91472\" 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=\"91472\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/adq-to-sell-first-usd-denominated-bonds\/\">\r\n                            ADQ to sell first USD-denominated bonds                        <\/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\/30\/adq-to-sell-first-usd-denominated-bonds\/\" 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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A global investor call reportedly took place yesterday to discuss the debut offering. A \u201cbenchmark sized\u201d issuance is usually at a minimum valued at USD 500 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADQ \u2014 the smallest Abu Dhabi wealth fund \u2014 is looking to diversify its funding sources for future acquisitions<\/strong>, according to one of the sources. ADQ has recently been exploring various regional investments, with agreements <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1b1842e0-1a82-43d0-aea8-b71d3dab5adb\/uae-to-invest-usd-500-mn-in-kenya,-including-in-mining-and-tech-%2B-ecuador-next-in-line-for-trade-agreement\" style=\"\" rel=\"noopener\">in Kenya worth USD 500 bn<\/a>, and has initiated a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/708e3db3-9849-441c-b644-4412a3d64600\/uae-signs-usd-35-bn-partnerships-with-oman\" style=\"\" rel=\"noopener\">USD 180 mn tech-focused fund in Oman<\/a>. The wealth fund also made a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0b97fcf-95b0-4d39-86ae-0a4989221520\" style=\"\" rel=\"noopener\">landmark USD 35 bn<\/a> agreement with Egypt\u2019s government back in February.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The offering comes one week after Abu Dhabi\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/01e6e28d-c584-49d5-a2e4-4d1c933d717b\/abu-dhabi-raises-usd-5-bn-in-first-eurobond-sale-in-three-years\" style=\"\" rel=\"noopener\">first eurobond sale<\/a><\/strong><strong> in three years<\/strong>, raising around USD 5 bn in one of the biggest emerging market transactions of the year, according to Bloomberg. Companies under Abu Dhabi\u2019s ownership had around USD 113 bn in outstanding debt by the end of 2023, according to the bond prospectus.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How much does ADQ own?<\/strong> The wealth fund, chaired by Sheikh Tahnoon bin Zayed Al Nahyan, manages around AED 720.5 bn (USD 196 bn) worth of assets, with stakes in Emirates Water and Electricity Company, Emirates Nuclear Energy Corporation, Etihad Airways, and Abu Dhabi Airports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">A<strong> glimpse into ADQ\u2019s financials: <\/strong>The wealth fund saw its net income rise to AED 16.1 bn in 2023, up from AED 11.43 bn in 2022, Reuters reports, citing a financial statement. Its revenues amounted to AED 111.7 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors:<\/strong> Our friends at HSBC Holdings and First Abu Dhabi Bank, alongside Citigroup, Cr\u00e9dit Agricole CIB, Goldman Sachs International, and Standard Chartered will act as joint global coordinators and active bookrunners, according to Reuters and Bloomberg. <\/p>\n<p class=\"tag-border-left\">OTHER DEBT NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bank of Sharjah served as joint lead manager and bookrunner in a USD 300 mn <\/strong><strong>5.5-year sukuk for Kuwait International Bank (KIB)<\/strong>, along with other international and regional lenders, according to a <a target=\"_blank\" href=\"https:\/\/www.bankofsharjah.com\/en\/news\/view\/bank-of-sharjah-acts-as-joint-lead-manager-and-bookrunner-in-a-us-300-million-sukuk-for-kuwait-international-bank\" style=\"\" rel=\"noopener\">press release<\/a>. This issuance, which concluded over 195 basis points above US treasuries, is the first USD Additional Tier 1 (AT1) issuance from Kuwait since 2021 and is KIB\u2019s third USD-denominated debt issuance. The issuance witnessed substantial demand, hitting a 2.2x oversubscription rate.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/bank-of-sharjah\/\">Bank of Sharjah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91474\" 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=\"91474\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/agility-gets-adx-green-light-for-direct-listing\/\">\r\n                            Agility set to IPO on ADX                        <\/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\/30\/agility-gets-adx-green-light-for-direct-listing\/\" 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\/30\/agility-gets-adx-green-light-for-direct-listing\/')\">\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\/30\/agility-gets-adx-green-light-for-direct-listing\/\">\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=Agility gets ADX green light for direct listing&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/agility-gets-adx-green-light-for-direct-listing\/\">\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\/30\/agility-gets-adx-green-light-for-direct-listing\/&title=Agility gets ADX green light for direct listing\">\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=Agility+gets+ADX+green+light+for+direct+listing+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F30%2Fagility-gets-adx-green-light-for-direct-listing%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\/30\/agility-gets-adx-green-light-for-direct-listing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2115.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91475\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/agility-gets-adx-green-light-for-direct-listing\/2115-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2115.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2115.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2115.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2115.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91474\" class=\"content-area-description single-story post-91474 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-adx tag-agility tag-enterpriseam-uae tag-ipo-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\/.3494e350-7b05-45af-8e51-0ab453dede83.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Kuwait\u2019s Agility will list its shares on ADX this week:<\/strong> Kuwaiti logistics outfit <a target=\"_blank\" href=\"https:\/\/www.agility.com\/en\/\" style=\"\" rel=\"noopener\">Agility<\/a> received approval from the Abu Dhabi Securities Exchange (ADX) to move forward with a technical listing of its operations and assets management unit, Agility Global, on the Abu Dhabi bourse, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/2055.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. The company\u2019s shares will begin trading on Thursday, 2 May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Technical listing? <\/strong>A technical listing means the company\u2019s shares have been made tradeable on the bourse, without an offering of equity (primary or secondary) arranged by existing shareholders prior to the listing. This simply makes it possible for shareholders pre-transaction to start offering shares for sale to other investors via the ADX.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The share price is determined based on supply and demand in a technical listing<\/strong>, though Agility has set its reference price at AED 0.37, it said in the disclosure. The book value of Agility Global shares is near AED 1.88 per share, bringing the company\u2019s total book value to AED 19.6 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Agility revealed plans to list Agility Global on the ADX <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b058e349-05e5-4e2e-be49-d5034e22784f\/%253cmark%253eagility%253c%2Fmark%253e-plans-to-list-subsidiary-on-adx\" style=\"\" rel=\"noopener\">last month<\/a>, after shareholders gave prior approval to the listing of shares of Agility assets back in 2023. Agility\u2019s board also approved an in-kind dividend distribution of some KWD 800 mn (USD 2.6 bn), representing shares forming 49% of the issued share capital of Agility Global. Following the distribution, Agility \u2014 which is listed both on the DFM and the Kuwait Stock Exchange \u2014 will remain the controlling shareholder with a 51% stake in Agility Global. Agility will also continue to consolidate Agility Global\u2019s accounts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What Agility Global does:<\/strong> The wholly owned unit manages company operations and assets for Agility subsidiary <a target=\"_blank\" href=\"https:\/\/menziesaviation.com\/\" style=\"\" rel=\"noopener\">Menzies Aviation<\/a>, the company\u2019s investment in <a target=\"_blank\" href=\"https:\/\/tristar-group.co\/\" style=\"\" rel=\"noopener\">Tristar Transport,<\/a> operations of <a target=\"_blank\" href=\"https:\/\/agilitylogisticsparks.com\/\" style=\"\" rel=\"noopener\">Agility Logistics Parks<\/a> outside of Kuwait, and its <a target=\"_blank\" href=\"https:\/\/www.agility.com\/en\/dsv-global-integrated-logistics\/\" style=\"\" rel=\"noopener\">merger with DSV<\/a>, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another Agility IPO coming soon? <\/strong>Agility might also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d3cec348-627e-47a3-8632-6db06e92e526\/the-first-uae-bond-etf-goes-live-today-%2B-redbird-imi-has-another-week-to-save-its-telegraph-acquisition\" style=\"\" rel=\"noopener\">sell another subsidiary<\/a> \u2014 Dubai-based Tristar \u2014 after plans to list the company on the Dubai Financial Market stalled back in 2021 due to a lack of investor demand. The company had planned to sell 24% of its shares in the IPO.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adx\/\">ADX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/agility\/\">Agility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91476 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"91476\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/91476-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91476\" class=\"content-area-description single-story post-91476 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/about-us\/our-company\/awards-accolades\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/945.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91477\" 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=\"91477\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/brookfield-snaps-up-controlling-stake-in-gii-warehouse-space\/\">\r\n                            Brookfield snaps up controlling stake in GII warehouse space                        <\/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\/30\/brookfield-snaps-up-controlling-stake-in-gii-warehouse-space\/\" 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\/30\/brookfield-snaps-up-controlling-stake-in-gii-warehouse-space\/')\">\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\/30\/brookfield-snaps-up-controlling-stake-in-gii-warehouse-space\/\">\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=Brookfield snaps up controlling stake in GII warehouse space&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/brookfield-snaps-up-controlling-stake-in-gii-warehouse-space\/\">\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\/30\/brookfield-snaps-up-controlling-stake-in-gii-warehouse-space\/&title=Brookfield snaps up controlling stake in GII warehouse space\">\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=Brookfield+snaps+up+controlling+stake+in+GII+warehouse+space+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F30%2Fbrookfield-snaps-up-controlling-stake-in-gii-warehouse-space%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\/30\/brookfield-snaps-up-controlling-stake-in-gii-warehouse-space\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2547.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91478\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/brookfield-snaps-up-controlling-stake-in-gii-warehouse-space\/2547-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2547.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2547.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2547.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2547.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91477\" class=\"content-area-description single-story post-91477 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-brookfield tag-enterpriseam-uae tag-gulf-islamic-investments tag-logistics tag-ma-watch tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.9edc1b8d-369d-43c1-bcfd-14d51f5be371.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Brookfield Asset Management acquired a controlling stake in Dubai-based Gulf <\/strong><strong>Islamic Investments\u2019 (GII) realty platform <\/strong>for an undisclosed sum, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-29\/brookfield-adds-to-dubai-property-portfolio-with-warehouse-deal\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people familiar with the matter. The transaction is the Canadian asset manager\u2019s first in the Middle East logistics sector. The company holds some USD 8 bn assets in private equity and real estate in the Middle East, making it one of the largest foreign investors in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What is Brookfield getting? <\/strong>The transaction grants Brookfield access to GII Dubai\u2019s 1.5 mn sqft of warehousing space in the UAE, including warehouses in Jebel Ali Freezone and National Industries Park that are already leased out to tenants. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move comes after Brookfield sold a 49% stake in ICD Brookfield Place<\/strong> \u2014 Dubai\u2019s largest office tower \u2014 to Abu Dhabi investment firm Lunate and Riyadh\u2019s Olayan Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/993cfa06-6832-4ab3-9cb3-ee96efb7c09a\/%253cmark%253elunate%253c%2Fmark%253e,-olayan-take-49%2525-stake-in-dubai%25e2%2580%2599s-largest-office-tower\" style=\"\" rel=\"noopener\">earlier this month<\/a>, alongside Investment Corporation of Dubai (ICD). The financial terms of the agreement were not disclosed, but Bloomberg previously set the tower\u2019s value at USD 1.5 bn. Brookfield and ICD evenly split the remaining 51%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brookfield \u2764\ufe0f<\/strong><strong> UAE<\/strong><strong> for investment: <\/strong>The Central Bank greenlit Brookfield\u2019s USD <a target=\"_blank\" href=\"https:\/\/tools.eurolandir.com\/tools\/Pressreleases\/GetPressRelease\/?ID=4274538&amp;lang=en-GB&amp;companycode=uk-netw&amp;v=\" style=\"\" rel=\"noopener\">2.76 bn acquisition<\/a> of Dubai-based payments provider Network International <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d1cda7f5-3726-43eb-91d4-b1104d9b87ed\/cbuae-approves%253cmark%253e-brookfield%253c%2Fmark%253e%25e2%2580%2599s-acquisition-of-network-international\" style=\"\" rel=\"noopener\">last month<\/a>. The acquisition is still pending clearances from regulatory authorities in Kenya, Nigeria, and Saudi Arabia. The Canadian firm also bought a 60% stake last year in First Abu Dhabi Bank\u2019s payments arm, Magnati. FAB <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/brookfield-buy-network-international-276-bln-2023-06-09\/\" style=\"\" rel=\"noopener\">had said<\/a> it would co-invest with Brookfield in the Network acquisition.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/brookfield\/\">Brookfield<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gulf-islamic-investments\/\">Gulf Islamic Investments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91479\" 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=\"91479\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/aldar-plans-aed-25-bn-luxury-beachfront-development-in-abu-dhabi\/\">\r\n                            Aldar plans AED 25 bn luxury beachfront development in Abu Dhabi                        <\/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\/30\/aldar-plans-aed-25-bn-luxury-beachfront-development-in-abu-dhabi\/\" 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\/30\/aldar-plans-aed-25-bn-luxury-beachfront-development-in-abu-dhabi\/')\">\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\/30\/aldar-plans-aed-25-bn-luxury-beachfront-development-in-abu-dhabi\/\">\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=Aldar plans AED 25 bn luxury beachfront development in Abu Dhabi&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/aldar-plans-aed-25-bn-luxury-beachfront-development-in-abu-dhabi\/\">\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\/30\/aldar-plans-aed-25-bn-luxury-beachfront-development-in-abu-dhabi\/&title=Aldar plans AED 25 bn luxury beachfront development in Abu Dhabi\">\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=Aldar+plans+AED+25+bn+luxury+beachfront+development+in+Abu+Dhabi+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F30%2Faldar-plans-aed-25-bn-luxury-beachfront-development-in-abu-dhabi%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\/30\/aldar-plans-aed-25-bn-luxury-beachfront-development-in-abu-dhabi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/424.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91480\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/aldar-plans-aed-25-bn-luxury-beachfront-development-in-abu-dhabi\/424-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/424.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"424.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/424.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/424.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91479\" class=\"content-area-description single-story post-91479 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-abu-dhabi tag-aldar-properties tag-enterpriseam-uae tag-investment-watch tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.f96aba67-43f9-49cd-9150-15461baa4a5c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Real estate developer Aldar Properties is planning to build a USD 6.8 bn luxury <\/strong><strong>beachfront community<\/strong> spanning 3.4 mn sqm in Al Fahid Island within 5-7 years, Aldar Chief Financial and Sustainability Officer Faisal Falaknaz told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-29\/abu-dhabi-builder-ramps-up-6-8-billion-luxury-housing-project\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The project will also include schools, hotels, retail, and entertainment facilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sales to kick off soon:&nbsp;<\/strong>The Abu Dhabi developer is set to kick off sales for the development with 7k luxury homes in 2H 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The developer acquired the land for the development at USD 2.5 bn last year, Bloomberg said. <\/p>\n<p class=\"tag-border-left\">EARNINGS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aldar\u2019s net income after tax rose 88% y-o-y to AED 1.6 bn in 1Q 2024, <\/strong>with revenues rising 83% y-o-y to AED 5.6 bn during the quarter, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/2098.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The group\u2019s results came as Aldar Development\u2019s revenues rose 103% y-o-y to AED 3.8 bn, while Aldar Investment \u2014 which includes Aldar Hospitality, Aldar Education, Aldar Estates, and asset management business Investment Properties \u2014 saw its revenues rise 31% y-o-y to AED 1.6 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> The real estate developer\u2019s results \u201c...reflect the strength of the real estate market in the UAE, particularly in Abu Dhabi, where the emirate\u2019s growing appeal as an international investment destination is driving our growth,\u201d Aldar CEO Talal Al Dhiyebi said. \u201cOur investment portfolio continues to show solid organic growth on the back of a strong&nbsp;<span style=\"background-color: transparent;\">macroeconomic backdrop, along with our acquisitions continuing to surpass our initial&nbsp;<\/span><span style=\"background-color: transparent;\">expectations,\u201d Al Dhiyebi added.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aldar-properties\/\">Aldar Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91481\" 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=\"91481\">\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\">Banking<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/emirates-islamic-launches-fractional-sukuk\/\">\r\n                            Emirates Islamic launches fractional sukuk, opens global market entry with USD 25k investment                        <\/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\/30\/emirates-islamic-launches-fractional-sukuk\/\" 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\/30\/emirates-islamic-launches-fractional-sukuk\/')\">\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\/30\/emirates-islamic-launches-fractional-sukuk\/\">\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=Emirates Islamic launches fractional sukuk&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/emirates-islamic-launches-fractional-sukuk\/\">\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\/30\/emirates-islamic-launches-fractional-sukuk\/&title=Emirates Islamic launches fractional sukuk\">\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=Emirates+Islamic+launches+fractional+sukuk+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F30%2Femirates-islamic-launches-fractional-sukuk%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\/30\/emirates-islamic-launches-fractional-sukuk\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2142.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91482\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/emirates-islamic-launches-fractional-sukuk\/2142-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2142.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2142.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2142.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2142.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91481\" class=\"content-area-description single-story post-91481 post type-post status-publish format-standard has-post-thumbnail hentry category-banking tag-banking tag-debt tag-emirates-islamic tag-enterpriseam-uae tag-sukuk 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\/.801fa2bb-ccbd-4e6b-bf8f-3f4b44f15b74.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Emirates Islamic is making sukuk markets more accessible: <\/strong>Emirates Islamic introduced fractional sukuk to help investors tap global sukuk markets by investing USD 25k, a significant reduction from the usual minimum investment of USD 200k, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/april\/29-04\/emirates-islamic-becomes-first-islamic-bank\" style=\"\" rel=\"noopener\">statement<\/a>. The move provides investors with a Shariah-compliant way to diversify their portfolios. Emirates Islamic is the first bank in the region to introduce this offering.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors can create custom sukuk portfolios with fractional sukuk<\/strong>, matching their investment goals like risk tolerance, desired returns, credit ratings. They can also sell these holdings through Emirates Islamic for quick access to funds.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-islamic\/\">Emirates Islamic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91483\" 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=\"91483\">\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\/30\/tis-the-season\/\">\r\n                            Du, Rakbank, DFM, and the National Bank of Fujairah report 1Q 2024 results                        <\/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\/30\/tis-the-season\/\" 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\u2019s revenues rose 4.1% y-o-y to AED 3.58 bn on the back of growth across various business segments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> The telecom company saw its mobile service revenues amount to AED 1.62 bn, marking a 7.4% y-o-y increase, given strong demand from the enterprise sector and successful offers. Fixed service revenues also increased 2.7% y-o-y, reaching AED 961 mn, driven by du\u2019s home wireless and enterprise broadband plans. Other revenues increased by 62.7% y-o-y, reaching AED 1.01 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DFM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Dubai Financial Market (DFM) posted a net income before tax of AED 95.6 mn <\/strong><strong>in 1Q 2024, marking a 171% y-o-y increase<\/strong>, it said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/2124.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The DFM\u2019s revenues grew 64% y-o-y during the quarter, reaching AED 90.1 mn. The exchange's operating income reached AED 62.5 mn, while investment returns reached AED 85.6 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign investors held a market share of around 47% in the DFM<\/strong>, with net purchases amounting to AED 1.3 bn during the quarter. Institutional investors held a 65% share, with net purchases reaching AED 717 mn. The DFM\u2019s trading value reached around AED 25 bn, compared to AED 19 bn during the same period last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">RAKBANK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rakbank achieved its highest-ever quarterly net income after tax in 1Q 2024, <\/strong><strong>reaching AED 574.2 mn<\/strong>, up 27.5% y-o-y, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/2099.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The lender\u2019s revenue grew 11% y-o-y to AED 1.1 bn during the quarter. Net interest income rose to AED 879.5 mn, up 11.5% y-o-y, while non-interest income rose to AED 294.8 mn, reflecting a 9.6% y-o-y increase, mainly driven by strong investment income.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">NATIONAL BANK OF FUJAIRAH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The National Bank of Fujairah\u2019s (NBF) net income before tax amounted to AED<\/strong><strong> 274.8 mn during 1Q 2024<\/strong>, rising 80.8% y-o-y, according to the lender\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/2111.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf).<\/a> NBF\u2019s operating revenues rose 10.8% y-o-y to AED 438.5 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Net interest income and net income from Islamic financing and investment activities rose <\/strong><strong>11.0% y-o-y to AED 448.4 mn.<\/strong> Meanwhile, net fees, commission, and other income rose 6.1% y-o-y to AED 119.7 mn.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/du\/\">du<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-financial-market\/\">Dubai Financial Market<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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\/national-bank-of-fujairah\/\">National Bank of Fujairah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/rakbank\/\">RAKBank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91485\" 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=\"91485\">\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\/30\/shuaa-capital-sharjah-ins-have-new-chairmen\/\">\r\n                            Shuaa Capital + Sharjah Ins. have new chairmen                        <\/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\/30\/shuaa-capital-sharjah-ins-have-new-chairmen\/\" 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\/30\/shuaa-capital-sharjah-ins-have-new-chairmen\/')\">\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\/30\/shuaa-capital-sharjah-ins-have-new-chairmen\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Shuaa Capital + Sharjah Ins. have new chairmen&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/shuaa-capital-sharjah-ins-have-new-chairmen\/\">\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\/30\/shuaa-capital-sharjah-ins-have-new-chairmen\/&title=Shuaa Capital + Sharjah Ins. have new chairmen\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Shuaa+Capital+%2B+Sharjah+Ins.+have+new+chairmen+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F30%2Fshuaa-capital-sharjah-ins-have-new-chairmen%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\/30\/shuaa-capital-sharjah-ins-have-new-chairmen\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/549.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91486\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/shuaa-capital-sharjah-ins-have-new-chairmen\/549-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/549.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"549.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/549.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/549.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91485\" class=\"content-area-description single-story post-91485 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-uae tag-moves tag-sharjah-insurance tag-shuaa-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.c6806da3-49fd-4d14-9478-a4520b77c395.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shuaa Capital appointed Badr Al Olama <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/badr-al-olama-828816\/?originalSubdomain=ae'\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) <strong>as chairman <\/strong>of its board of directors, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/2104.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. Olama, who formerly served as an executive at Mubadala, was re-elected as an independent board member at Shuaa <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/77a264e0-83e9-44c7-85bc-4d9e0dc028f3\/dnata-appoints-new-airport-operations-senior-vp-%2B-shakeup-at%253cmark%253e-shuaa%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">last week<\/a>, after former chairman Fadhel Al Ali stepped down from the position.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nabil <\/strong><strong>Ramadhan<\/strong> was appointed as <strong>vice chairman<\/strong> and <strong>Ahmed Alahmadi<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ahmedalahmadi\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) was appointed as the company\u2019s <strong>managing director<\/strong>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The company \u2014 which has seen net losses deepen more than fivefold over the past year \u2014 also saw CFO Gunshyam Kripa resigning earlier in January, after seven months in the position, along with board members Andr\u00e9 George Sayegh and Maha AlQattan for \u201cpersonal reasons.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sharjah Ins.<\/strong> tapped <strong>Ahmed Al Midfa<\/strong> (<a target=\"_blank\" href=\"https:\/\/ulc.ae\/events\/profiles\/speakers\/Mr.%20Ahmed%20Al-Midfa%20bio.pdf\" style=\"\" rel=\"noopener\">bio<\/a>) as <strong>chairman<\/strong> of its board of directors, while <strong>Ahmed Salem Al Hosani <\/strong>was named <strong>vice chairman<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/2093.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah-insurance\/\">Sharjah Insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/shuaa-capital\/\">Shuaa Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91487\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/43010.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20607.svg\" alt=\"\">\r\n                    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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=\"91488\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/chinas-ehang-to-develop-evtols-in-the-uae-jas-breaks-ground-on-logistics-hub\/\">\r\n                            ADIO and China\u2019s EHang to develop eVTOLs + JAS breaks ground on logistics hub. PLUS: More from Masdar, Shanghai Electric, Drake &amp; Scull, and BHM Capital                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/chinas-ehang-to-develop-evtols-in-the-uae-jas-breaks-ground-on-logistics-hub\/\" 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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EHang plans to establish its regional headquarters in Abu Dhabi, focusing on manufacturing, flight operations, R&D, training, and maintenance, repair, and overhaul facilities, which ADIO will support through providing EHang with data, information, and connections to the Abu Dhabi ecosystem and international trade paths.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not Ehang\u2019s first UAE partnership: <\/strong>Abu Dhabi-based infrastructure investment company Monarch Holding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/751e45cc-b02c-4fad-aa8d-e24d11dda531\/uae%25e2%2580%2599s-monarch-holding-and-china%25e2%2580%2599s-ehang-holding-will-establish-the-uae%25e2%2580%2599s-first-evtol-manufacturing-facility\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with Ehang Holding last year to establish a manufacturing facility for eVTOL aircrafts and drones. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADIO has also partnered with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5d4f1b1c-f157-4e88-810a-c4bd7b3d6c9e\" style=\"\" rel=\"noopener\">Neom-backed<\/a><\/strong><strong> electric seaglider manufacturer Regent to <\/strong><strong>develop and produce the vehicles<\/strong> in Masdar City's Smart and Autonomous Vehicles Industry cluster, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/abu-dhabi-to-advance-the-future-of-coastal-transportation-with-regent\/\" style=\"\" rel=\"noopener\">statement<\/a> on Thursday. The seagliders are designed with a range of up to 300 km using current battery technology with the potential to increase up to 800 km. Neom\u2019s undisclosed investment in Regent is part of a multi-year partnership to establish electric seaglider passenger operations in the region. Since then, Regent partnered with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/af329efb-3b26-4092-a716-073d656efbff\/some-green-finance-and-decarbonization-updates-from-the-uae\" style=\"\" rel=\"noopener\">Aramex<\/a> to provide sustainable logistics in the UAE.<\/p>\n<p class=\"tag-border-left\">LOGISTICS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Global logistics player <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.jas.com\/about-us\" style=\"\" rel=\"noopener\">JAS<\/a><\/strong><strong> Middle East broke ground on its AED 35 mn <\/strong><strong>logistics hub in Dubai South, <\/strong>according to a <a target=\"_blank\" href=\"https:\/\/www.jas.com\/post\/emphasizing-sustainability-goals-jas-middle-east-breaks-ground-on-state-of-the-art-logistics-hub-in-dubai-south\" style=\"\" rel=\"noopener\">press release<\/a>. The facility is slated for handover by year\u2019s end, according to a separate <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/knight-frank-mena-industrial-and-logistics-team-facilitates-ground-breaking-build-to-suit-transaction-for-jas-middle-east-in-dubai-south-l46jtfru\" style=\"\" rel=\"noopener\">release<\/a> from consultancy Knight Frank MENA, which advised JAS on the investment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- DP World expands its footprint in the Philippines: <\/strong>Dubai-based port operator DP World and Philippines-based port operator Asian Terminals Inc. (ATI) have launched a new barge terminal, dubbed Tanza Barge Terminal, in Cavite in the Philippines, according to a <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/news\/releases\/dp-world-and-asian-terminals-inc-launch-new-tanza-barge-terminal-in-cavite\/\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The move comes in a bid to boost the transport of goods and raw materials to and from the Philippines' capital Manila via sea barging. The terminal will be managed by ATI-subsidiary Tanza Container Terminal Incorporated. No investment ticket was provided as part of the disclosure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> STARTUPS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Following lands in Dubai: <\/strong>Influencer marketing platform Following has officially launched in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/www.einpresswire.com\/article\/705408994\/following-a-revolutionary-influencer-marketing-app-launches-in-uae-3-months-free-for-smbs\" style=\"\" rel=\"noopener\">press release<\/a>. Founded by Zain Ali Khan (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/zzainalii\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and Hajar El Youssefi (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/hajar-el-youssefi-56a4a2135\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), the platform offers comprehensive campaign management tools \u2014 including direct campaign and billing management, access to pre-verified influencers, real-time campaign adjustments, and in-depth analytics \u2014 with a mobile app for content creators. It aims to facilitate direct interactions between brands and influencers without intermediaries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong> Masdar to build a solar plant in Georgia: <\/strong>Renewables giant Masdar and the Georgian Energy Development Fund have signed an agreement to develop a solar plant in Georgia with a capacity of up to 100 MW, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7190646596236148737\/\" style=\"\" rel=\"noopener\">statement<\/a>. No financial details or timeline were disclosed for the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s doing what? <\/strong>Masdar and its partners will form a special-purpose vehicle to develop, design, finance, procure, construct, operate, and maintain the project, the statement adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>Masdar signed in January a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5ce33905-9b33-40e0-977c-cea9a1d9a0c8\" style=\"\" rel=\"noopener\">preliminary agreement<\/a> with the Georgian Energy Development Fund to establish a joint venture aimed at developing the country\u2019s largest solar power plant. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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>#2- <\/strong><strong>UAE, China to collaborate in clean energy:<\/strong> Dubai Electricity and Water Authority (<a target=\"_blank\" href=\"https:\/\/www.dewa.gov.ae\/en\/\" style=\"\" rel=\"noopener\">Dewa<\/a>) CEO Saeed Mohammed Al Tayer met yesterday with a high-level delegation from Chinese power generation and electrical equipment manufacturer <a target=\"_blank\" href=\"https:\/\/www.shanghai-electric.com\/group_en\/\" style=\"\" rel=\"noopener\">Shanghai Electric<\/a> to ramp up cooperation in clean and renewable energy initiatives, focusing on digital transformation and technology, it said in a <a target=\"_blank\" href=\"https:\/\/www.dewa.gov.ae\/en\/about-us\/media-publications\/latest-news\/2024\/04\/he-saeed-mohammed-al-tayer-holds\" style=\"\" rel=\"noopener\">statement<\/a>. The Shanghai Electric delegation was led by Shanghai Electric Chairman Wu Lei.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shanghai Electric is no stranger to the UAE: <\/strong>The company built the fourth phase of Dewa\u2019s 950 MW Mohammed bin Rashid Al Maktoum Solar Park as part of a consortium that also included Saudi Arabia\u2019s Acwa Power and China\u2019s Silk Road Fund. The park is the world\u2019s largest single-site concentrated solar power (CSP) project combining CSP and photovoltaic solar technologies, with an investment of AED 15.78 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Drake & Scull subsidiary to expand Khobar\u2019s wastewater treatment plant: <\/strong>Wastewater treatment technology provider Passavant Energy and Environment \u2014 a subsidiary of UAE-based contractor Drake and Scull International \u2014 was awarded a USD 215 mn project to design and build an expanded wastewater treatment plant in Al Khobar at a capacity of 200k cubic meters per day, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/passavant-energy-and-environment-a-subsidiary-of-drake-and-scull-acquires-a-project-to-design-and-build-a-wastewater-treatment-plant-in-saudi-arabia-y4bwhivb\" style=\"\" rel=\"noopener\">statement<\/a>. The project was awarded to Passavant along with an unnamed Saudi contractor. Passavant\u2019s subcontract was valued at USD 48 mn, the statement said. No timeline for the project was disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Scope of work: <\/strong>Passavant will supervise process engineering, procurement, equipment supply, plant installation and commissioning. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ras El Hekma is getting a freezone, tourist port: <\/strong>The Egyptian Cabinet last week approved decisions to set up a freezone, investment zone, and international tourist port in the North Coast\u2019s Ras El Hekma, it <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/100064812882317\/posts\/919777233526031\/?mibextid=WC7FNe&rdid=6vDSI9h6MZE5mMgM\" style=\"\" rel=\"noopener\">said<\/a> on Wednesday following its weekly meeting. The cabinet has also greenlit a decision to set up a company dubbed Ras ElHekma for Urban Development, which will be given golden licenses to develop both the freezone and investment zone and will also be setting up the tourist port, according to the statement. Cabinet also approved the formation of a board of directors for the investment zone.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> Abu Dhabi wealth fund ADQ inked a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0b97fcf-95b0-4d39-86ae-0a4989221520\" style=\"\" rel=\"noopener\">landmark USD 35 bn agreement<\/a> in February, giving it the development rights to Ras El Hekma.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CAPITAL MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BHM Capital has introduced a fixed income department<\/strong> to help investors tap into global credit instruments, including traditional and Sharia-compliant instruments, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/2116.pdf\" style=\"\" rel=\"noopener\">press release<\/a>. \u201cThe buildout of the Fixed Income Desk by BHM Capital arrives in the context of rapidly expanding debt capital markets in the GCC region, with a significant increase in the weighting of GCC bonds and sukuk in widely<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">followed global fixed-income indices,\u201d Abdel Hadi Al Sadi, CEO of BHM Capital said. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/bhm-capital\/\">BHM Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/drake-scull\/\">Drake &amp; Scull<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/manufacturing\/\">MANUFACTURING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/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=\"91490\" 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=\"91490\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/geopolitical-tensions-are-endangering-global-growth-outlook-says-saudi-finance-minister\/\">\r\n                            Geopolitical tensions are endangering global growth outlook, says Saudi finance minister                        <\/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        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data-image-meta=\"[]\" data-image-title=\"2086.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2086.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2086.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91490\" class=\"content-area-description single-story post-91490 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-carry-trade tag-enterpriseam-uae tag-financial-markets tag-kristalina-georgieva tag-planet-finance tag-world-economic-forum 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\/.02ee8c42-5c25-4c7a-94e7-3d6591cf17f9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Geopolitical tensions are endangering the global growth outlook<\/strong>, Saudi Finance Minister Mohamed Al Jadaan <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-28\/saudi-finance-minister-says-geopolitics-world-economy-s-top-risk\" style=\"\" rel=\"noopener\">said on Sunday<\/a> at the World Economic Forum\u2019s meetup in Riyadh. \u201cToday, to me, geopolitical risks are possibly the number one risk as you look at the global economy,\u201d he said, adding that \u201cpolicymakers will need to be very agile in dealing with this,\u201d as the threat of fragmentation and protectionism looms. \u201cYou need to make sure that you actually de-escalate,\u201d he <a target=\"_blank\" href=\"https:\/\/english.alarabiya.net\/News\/saudi-arabia\/2024\/04\/28\/world-economic-forum-saudi-arabia-warns-of-economic-fallout-from-gaza-war-\" style=\"\" rel=\"noopener\">said<\/a>, adding that the \u201cregion needs stability.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The proof? Economies are growing at a rate that is \u201cweak-by-historic standards,\u201d <\/strong>IMF Managing Director Kristalina Georgieva <a target=\"_blank\" href=\"https:\/\/english.alarabiya.net\/business\/economy\/2024\/04\/28\/imf-chief-urges-reform-to-tackle-weak-growth-rate-significant-divergences-at-wef\" style=\"\" rel=\"noopener\">said<\/a>. She described a slowdown in global economic activities and \u201ca significant divergence across the world\u201d as two \u201cvery serious problems\u201d that global decision makers ought to address. Georgieva said that while some countries are moving forward, others are \u201cfalling behind,\u201d without providing further details. The IMF chief said states should implement reforms that are \u201cmindful of the people,\u201d as they become \u201ctransmission lines of prosperity,\u201d when paired with health trade and financial flows.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the other hand, artificial intelligence could potentially set the tone right for global&nbsp;<\/strong><strong>growth: <\/strong>Saudi Economy and Planning Minister Faisal Alibrahim said that adopting AI technologies <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1722662\" style=\"\" rel=\"noopener\">could see<\/a> tns of USD poured into the global economy within the next decade as it ushers in new industries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO ON PLANET FINANCE- The rise of the reverse carry trade:<\/strong> The Federal Reserve\u2019s tight grip on US interest rates has sent widely traded emerging market currencies into losses in 2024 \u2014 benchmark borrowing costs in several frontier and emerging markets currently sit below US policy rates. This has given rise to the so-called reverse carry trade, with investors borrowing in EM currencies and buying USD, producing returns of as much as 9% this year, writes <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-28\/carry-trade-gets-turned-on-its-head-stoking-rush-to-the-dollar\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian shares are up this morning<\/strong>, led by the Nikkei as trading in Japan resumed after yesterday\u2019s holiday. Major Asian benchmarks were following Wall Street up \u2014 the Dow and S&amp;P 500 closed up slightly yesterday, while the Nasdaq was basically flat. US and European equities futures were little changed overnight. <\/p>\n<p><a target=\"_blank\" id=\"t.522bfd80e9bed9cc0ac8f08ff8fef1c96da6a26f\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9.063<\/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: +-5.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,161<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +2.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,573<\/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: -7.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.2% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.5% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,369<\/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: +3.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">26,011<\/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\">5.6% (YTD: +4.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,116<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +7.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,147<\/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: +5.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,981<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: +10.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 88.52<\/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%<\/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 2.03<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+5.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,357.70<\/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\">+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>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 62,945.20<\/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: +48.8%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.3% yesterday<\/strong> on turnover of AED 335.7 mn. The index is up 2.5% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Ithmaar Holding (+6.6%), Dubai Taxi Company (+3.4%) and Deyaar Development (+3.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Emirates Reem Investments Company (-5.1%), Orascom Construction (-2.8%), and Islamic Arab Ins. Company (2.0%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index closed up 0.2% on turnover of AED 952.3 mn. Meanwhile, Nasdaq Dubai rose 0.4%.<\/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>Dubai National Ins. approved the distribution of a 10% dividend totaling AED 11.55 <\/strong><strong>mn<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/banking-and-insurance\/dubai-national-insurances-shareholders-greenlight-10-dividends-fho8rsul\" style=\"\" rel=\"noopener\">Mubasher<\/a> reports <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/carry-trade\/\">carry trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kristalina-georgieva\/\">Kristalina Georgieva<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/world-economic-forum\/\">World Economic Forum<\/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=\"91492\" 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=\"91492\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/uae-ukraine-finalize-trade-talks\/\">\r\n                            UAE, Ukraine finalize trade talks                        <\/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\/30\/uae-ukraine-finalize-trade-talks\/\" 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 UAE has inked a total of 14 trade agreements across various regions, in a bid to expand its network of trading partners and edge non-oil foreign trade to AED 4 tn by 2031.<\/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>Foreign Affairs Minister Sheikh Abdullah bin Zayed Al Nahyan stressed the need<\/strong><strong> for regional stability and a sustained peace process in Gaza<\/strong> during the six-party Arab Ministerial meeting attended by US Secretary of State Antony J. Blinken, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2wfs4m-abdullah-bin-zayed-participates-six-party-arab\" style=\"\" rel=\"noopener\">Wam<\/a> writes. Al Nahyan called for a sustainable ceasefire and a prevention of further escalation to the conflict.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cepa-negotiations\/\">CEPA negotiations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ukraine\/\">Ukraine<\/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=\"91494\" 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=\"91494\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/three-emirati-firms-named-most-valuable-brands-in-mena\/\">\r\n                            Adnoc named UAE\u2019s most valuable brand                        <\/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\/30\/three-emirati-firms-named-most-valuable-brands-in-mena\/\" 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\/30\/three-emirati-firms-named-most-valuable-brands-in-mena\/')\">\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\/30\/three-emirati-firms-named-most-valuable-brands-in-mena\/\">\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=Three Emirati firms named most valuable brands in MENA&url=https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/three-emirati-firms-named-most-valuable-brands-in-mena\/\">\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\/30\/three-emirati-firms-named-most-valuable-brands-in-mena\/&title=Three Emirati firms named most valuable brands in MENA\">\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=Three+Emirati+firms+named+most+valuable+brands+in+MENA+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F04%2F30%2Fthree-emirati-firms-named-most-valuable-brands-in-mena%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\/30\/three-emirati-firms-named-most-valuable-brands-in-mena\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1984.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91495\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/30\/three-emirati-firms-named-most-valuable-brands-in-mena\/1984-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1984.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1984.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1984.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1984.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91494\" class=\"content-area-description single-story post-91494 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-adnoc tag-brand-finance tag-e tag-enterpriseam-uae tag-on-your-way-out tag-purehealth 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\/.06d7d377-1bfd-42c0-9a85-43b0db9c4b21.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Three Emirati companies were named as the Middle East\u2019s most valuable brands&nbsp;<\/strong>in London-based valuation consultancy firm <a target=\"_blank\" href=\"https:\/\/brandirectory.com\/\" style=\"\" rel=\"noopener\">Brand Finance<\/a> \u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/2066.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etisalat by e&amp; \u2014 the telecom arm of e&amp; Group \u2014 has secured the top spot as the Middle East\u2019s strongest brand<\/strong> and the world\u2019s strongest telecoms brand, with a AAA rating. The telco\u2019s growth was driven by its expansion into new markets and its \u201cstrategic acquisitions.\u201d The consultancy firm also named e&amp; as the Middle East\u2019s fastest-growing tech brand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi National Oil Company (Adnoc) was labeled the UAE\u2019s most valuable brand <\/strong>and ranked as the Middle East\u2019s second-most valuable brand, with a brand value of USD 15.2 bn, rising 7% y-o-y. Brand Finance attributed Adnoc\u2019s increased brand valuation to its \u201cdecarbonisation and diversification efforts.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PureHealth made its debut on the list in 2024 with a USD 434.2 mn brand value. <\/strong>The newcomer snagged the spot on the list on the back of its expansion last year, which included the firm\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/news\/story\/0d9cff8e-68d1-43bf-82ba-02186f76335b\/The%20Gulf%20IPO%20boom%20shows%20no%20signs%20of%20slowing\" style=\"\" rel=\"noopener\">AED 36.2 bn IPO<\/a> on the ADX and an acquisition spree, which saw the firm purchase a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/38dd5040-1131-419e-927e-c99cabad5ab4\/two-big-healthcare-m&amp;a-to-start-your-week#:~:text=%232%2DPureHealth,6k%20consultant%20specialists.\" style=\"\" rel=\"noopener\">USD 1.2 bn stake<\/a> in UK-based Circle Health Group and a USD 1.8 bn stake in the US\u2019 private healthcare group, Ardent Health Services. Three of PureHealth\u2019s subsidiaries \u2014 Seha, Sheikh Shakhbout Medical City, and Daman \u2014 were crowned among UAE\u2019s most valuable brands.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>PureHealth subsidiary Seha purchased Minnesota-based Mayo Clinic\u2019s 25% stake in Abu Dhabi hospital Sheikh Shakhbout Medical City in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b4b5993a-bb01-430d-baa1-13225d729d91\/so-many-healthcare-m&amp;as\" style=\"\" rel=\"noopener\">January<\/a> for USD 150 mn.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/brand-finance\/\">Brand Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/e\/\">e&amp;<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/purehealth\/\">PureHealth<\/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=\"91496\" 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\/30\/91496-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91496\" class=\"content-area-description single-story post-91496 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 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 style=\"font-weight:400;\">24 April-1 May (Wednesday-Wednesday): Abu Dhabi Mobility Week.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29-30 April (Monday- Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/events.globalreinsurance.com\/dwic\/\" style=\"\">Dubai World Ins. Congress<\/a><\/span><span style=\"font-weight:400;\">, Atlantis, The Palm. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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 style=\"font-weight:400;\">20-22 May (Monday-Wednesday): Middle East Petroleum & Gas Conference, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-23 May (Tuesday-Thursday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.isnrabudhabi.com\/\" style=\"\">International Exhibition for National Security & Resilience<\/a><\/span><span style=\"font-weight:400;\">, ADNEC Centre Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-25 May (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/thebabyexpo.com\/\" style=\"\">Baby Expo<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">27-29 May (Monday-Wednesday): Arab Media Forum, Dubai.<\/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\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>Agility gets ADX greenlight for IPO | Aldar plans AED 25 bn luxury development |  Sidars offloads stake in Worley<\/p>\n","protected":false},"featured_media":91469,"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-91468","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0469d5cb-1c19-44d6-ad07-11828776a064","teaser":"Agility gets ADX greenlight for IPO | Aldar plans AED 25 bn luxury development |  Sidars offloads stake in Worley","photo_url":"https:\/\/ent.news\/2024\/4\/1768.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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