{"id":91675,"date":"2024-05-06T00:00:00","date_gmt":"2024-05-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=91675"},"modified":"2025-12-15T00:14:49","modified_gmt":"2025-12-15T00:14:49","slug":"non-oil-business-saw-slower-growth-in-april-due-to-the-storm","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/non-oil-business-saw-slower-growth-in-april-due-to-the-storm\/","title":{"rendered":"Non-oil business saw slower growth in April due to the storm"},"content":{"rendered":"<section id=\"91677\" 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=\"91677\">\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\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/\">\r\n                            THIS MORNING: Dubai fintech summit kicks off + FAB eyeing a stake in Yes Bank?                        <\/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\/05\/06\/dubai-fintech-summit-kicks-off-fab-eyeing-a-stake-in-yes-bank\/\" 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: <strong>Mubadala Capital<\/strong> has earmarked USD 13.5 bn in investments in Brazil; and <strong>Etihad Airways <\/strong>tapped more advisors for its IPO. <\/p>\n<p class=\"tag-border-left\"> PUBLIC SERVICE ANNOUNCEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- We\u2019re in for a hot and sunny week, with a chance of light rain: <\/strong>This week\u2019s weather will be mostly sunny, though the <a target=\"_blank\" href=\"https:\/\/twitter.com\/ncmuae\/status\/1786841122712498186\" style=\"\" rel=\"noopener\">National Center of Meteorology<\/a> forecasts some clouds and the possibility of rainfall and light to moderate winds, especially in the southern and western regions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Temperatures today will hit 37\u00b0C in Dubai<\/strong>, with an overnight low of 27\u00b0C, and 38\u00b0C in <strong>Abu Dhabi<\/strong>, before cooling to an overnight low of 29\u00b0C. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Environment Ministry to address post-storm mosquito madness:<\/strong> In response to the widespread increase in mosquitoes after last month\u2019s heavy rains and flooding, the Environment Ministry, the National Emergency, Crisis and Disaster Management Authority, and local authorities are ramping up efforts to eradicate mosquito breeding grounds, according to an <a target=\"_blank\" href=\"https:\/\/twitter.com\/MoCCaEUAE\/status\/1786661668543455671?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1786661668543455671%7Ctwgr%5E02cc586b848e5898291b3e9935afb33d56623abc%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fgulfnews.com%2Fuae%2Fenvironment%2Fuae-eradicating-mosquito-breeding-hot-spots-after-heavy-rains-1.102460956\" style=\"\" rel=\"noopener\">X post<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Dubai has <\/strong><strong><a target=\"_blank\" href=\"https:\/\/twitter.com\/DMunicipality\/status\/1786687793114100055\" style=\"\" rel=\"noopener\">announced<\/a><\/strong><strong> amended hours for lakeside parks, residential parks, and <\/strong><strong>playgrounds. <\/strong>Leisure spots will now open from 8am to 11pm, Monday through Thursday, and until midnight on Fridays, Saturdays, and public holidays.<\/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=\"wwtt2\"><\/a> <strong>#1- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubaifintechsummit.com\/\" style=\"\" rel=\"noopener\">Dubai Fintech Summit 2024<\/a><\/strong><strong> kicks off today and will run through tomorrow<\/strong> at Madinat Jumeirah. The summit will host over 300 thought leaders on five stages and present tech from 200+ exhibitors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Sharjah + Dubai trade missions heading to Asia:<\/strong> A trade delegation from the Sharjah Chamber of Commerce and Industry led by Chairman Abdullah Sultan Al Owais landed in India yesterday and will be there until Friday, 10 May, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2xmncj-sharjah-chamber-dispatch-trade-mission-india-5th\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The mission will be looking to strengthen economic ties and explore potential investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At the same time, a Dubai International Chamber trade mission will head to Indonesia and Vietnam<\/strong> to help local companies grow in these markets, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b2y82gf-dubai-international-chamber-gears-lead-trade\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/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- The Arab Tourism Media Awards kicks off today and runs through to Thursday, 9 May,<\/strong> at the Dubai International Convention and Exhibition Centre, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/it\/article\/b2x17qq-dubai-set-host-arab-tourism-media-awards-2024\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The Arab Union of Tourist Media will present awards to 34 Arab personalities, tourism institutions, and cities that have contributed to the tourism industry in the Arab region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The Arabian Travel Market also kicks off today and runs until Thursday at the Dubai World Trade Center <\/strong>under the theme Transforming Travel Through Entrepreneurship. The event will focus on issues relating to entrepreneurial strategies.<\/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>Negotiators from Egypt, the United States, and Qatar are working overtime <\/strong>to prevent indirect talks between Hamas and Israel from collapsing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hamas <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/05\/05\/israel-hamas-hostage-ceasefire-deal-talks-risk-collapse\" style=\"\" rel=\"noopener\">left Cairo<\/a><\/strong><strong> last night for Doha. <\/strong>The group said talks in Egypt had been \u201cin-depth and serious,\u201d but that no agreement had been reached. Politico reports that Israeli Defense Minister <strong><a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/05\/05\/hamas-latest-cease-fire-talks-ended-00156181\" style=\"\" rel=\"noopener\">Yoav Gallant claims Hamas wasn\u2019t serious about a ceasefire agreement<\/a><\/strong> and warned of \u201ca powerful operation in the very near future in Rafah and other places across all of Gaza.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not clear whether talks are continuing in Doha. <\/strong>CIA chief Bill Burns was also in Caro over the weekend \u2014 and also left yesterday for the Qatari capital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bottom line: <\/strong>\u201cHamas blamed the lack of progress on Mr. Netanyahu, who vowed again in recent days that the Israeli army will invade Rafah \u2026 with or without an agreement. \u2026 Palestinians living in miserable conditions in Gaza [will] not experience an imminent reprieve,\u201d the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/05\/05\/world\/middleeast\/cease-fire-talks-israel-hamas.html\" style=\"\" rel=\"noopener\">New York Times<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel slammed the gates closed at the Kerem Shalom crossing<\/strong>, a key entry point along with Rafah for humanitarian aid, after Hamas forces <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/hamas-claims-responsibility-attack-israel-gaza-border-crossing-casualties-2024-05-05\/\" style=\"\" rel=\"noopener\">killed three Israeli soldiers<\/a>. A retaliatory strike by Israel killed at least 19 Palestinians yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- The Biden administration has slapped a hold on at least one shipment of <\/strong><strong>ammunition to Israel<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/05\/05\/israel-us-ammunition-shipment-hold\" style=\"\" rel=\"noopener\">Axios<\/a> reports in an exclusive. US officials have declined to explain the halt, which came after Joe Biden started taking serious domestic fire for his unblinking support of Israel\u2019s war in Gaza.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE- Is Russia planning sabotage operations across Europe? <\/strong>That\u2019s the warning in the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c88509f9-c9bd-46f4-8a5c-9b2bdd3c3dd3\" style=\"\" rel=\"noopener\">Financial Times<\/a>, which says that European intelligence agencies believe Russian operatives are \u201cpreparing covert bombings, arson and attacks on infrastructure\u201d across the continent.<\/p>\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a quiet morning in the global business pages<\/strong>, but don\u2019t expect that to hold for the whole week:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese leader Xi Jinping is trying to warm-up ties with Europe. <\/strong>He\u2019s in Paris this morning to meet French President Emmanuel Macron and will then see European Commission chief Ursula von der Leyen before heading later this week to Serbia and Hungary. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For our fellow journalism nerds: <\/strong>It\u2019s Pulitzer Prize day \u2014 the announcement will drop at 11pm UAE time <a target=\"_blank\" href=\"https:\/\/www.pulitzer.org\/\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aramco will release 1Q 2024 numbers <\/strong>tomorrow. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For our fellow iSheep: Apple is expected to unveil new iPads tomorrow <\/strong>at 6pm UAE time (10am Pacific). Pundits are hoping for a revamp of the line that restores some coherence to the offering (and for the Pro to get a FaceTime camera on the long edge), but the only meaningful way to improve on the lineup would be to unshackle iPadOS. You can stream the announcement from <a target=\"_blank\" href=\"https:\/\/www.apple.com\/apple-events\/\" style=\"\" rel=\"noopener\">Apple\u2019s website<\/a> or its <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/@Apple\/videos\" style=\"\" rel=\"noopener\">Youtube channel<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Apple\u2019s announcement kicks off a series of big tech events<\/strong>, including next week\u2019s <a target=\"_blank\" href=\"https:\/\/io.google\/2024\/\" style=\"\" rel=\"noopener\">Google I\/O<\/a> and race toward <a target=\"_blank\" href=\"https:\/\/developer.apple.com\/wwdc24\/\" style=\"\" rel=\"noopener\">Apple\u2019s developers conference<\/a> in June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Bank of England\u2019s monetary policy committee will meet on Thursday <\/strong>to review interest rates. Don\u2019t expect a cut. <\/p>\n<p class=\"tag-border-left\"> HERE AT HOME- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- 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> will take place tomorrow and run until <\/strong><strong>Thursday, 9 <\/strong><strong>May at the Abu Dhabi National Exhibition Center. <\/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>#2- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubai.ifinexpo.com\/\" style=\"\" rel=\"noopener\">Innovative Finance Expo<\/a><\/strong><strong> is set to be held this Wednesday and Thursday at the <\/strong><strong>Jumeirah Emirates Towers<\/strong> in Dubai. The event will bring together fintech and blockchain companies and experts to serve as a knowledge exchange platform, showcasing the latest developments in the financial sector, including DeFi crypto, foreign exchanges, payment, and finance technologies.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a><strong> #1- Has FAB joined the bidding race for Yes Bank?<\/strong> First Abu Dhabi Bank (FAB) is reportedly seeking to acquire a 25% stake in Yes Bank, India's sixth-largest private sector lender, the <a target=\"_blank\" href=\"https:\/\/www.thehindubusinessline.com\/money-and-banking\/first-abu-dhabi-bank-mizuho-bank-in-race-for-sbis-stake-in-yes-bank\/article68132289.ece\" style=\"\" rel=\"noopener\">Hindu Business Line<\/a> reports, citing sources familiar with the matter. The Emirates\u2019 biggest lender has held talks with the Reserve Bank of India, India\u2019s central bank, to discuss the potential transaction. Among the bidders for the stake is Japan\u2019s Mizuho Bank, which reportedly tapped Bank of America to facilitate the stake purchase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Emirates NBD is also reportedly <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e76dd13f-0ff0-4b59-bffe-28f9b6255a94\/up-next:-drainage-infrastructure%3F#:~:text=%234%2D%20Emirates%20NBD,of%20the%20month.\" style=\"\" rel=\"noopener\">eyeing a stake<\/a><\/strong><strong> in Yes Bank,<\/strong> along with other international bidders, including Japan\u2019s Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corp.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> A State Bank of India-led consortium is exploring plans to sell its stake in Yes Bank, after bailing out of the Indian bank in 2020. Investors were granted a three-year lock-in period, which expired in March 2023.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#2- Deutsche Bank plans to double the assets it manages in the Middle East and <\/strong><strong>Southeast Asia<\/strong>, with a specific focus on the UAE and Saudi Arabia, Claudio de Sanctis told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-03\/deutsche-bank-plans-to-double-assets-in-southeast-asia-middle-east-in-5-years\" style=\"\" rel=\"noopener\">{Bloomberg}<\/a> in an interview. The two regions \u2014 which de Sanctis says are \u201cinterlinked\u201d \u2014 will be allocated more resources, and has already seen more hires than the bank\u2019s other offices, as wealthy families in both countries become more interested in investing in Southeast Asia and vice versa. <\/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\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Ajman recorded 7% y-o-y growth in tourism revenues in 1Q 2024<\/strong>,<strong>&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2zey4p-emirate-ajman-records-growth-tourism-revenue\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing a statement from the Ajman Tourism Development Department. The department attributed the increase in revenue to occupancy rates growing 3% y-o-y and visitor numbers increasing 9% y-o-y compared to last year\u2019s figures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Some 94% of financial transactions at Emirates NBD happen outside the lender\u2019s&nbsp;<\/strong><strong>physical branches<\/strong>,<strong>&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b300dl5-94-financial-transactions-occur-outside-branches\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing a statement from the bank\u2019s head of retail banking Marwan Hadi, affirming that the lender will continue to utilize \u201cweb3 technologies to enrich digital experiences for customers.\u201d<\/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>&nbsp;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\"> CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/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\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fab\/\">FAB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"91679\" 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=\"91679\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/april-sees-slower-non-oil-business-expansion-due-to-the-storm\/\">\r\n                            April sees slower non-oil business expansion due to the storm                        <\/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\/05\/06\/april-sees-slower-non-oil-business-expansion-due-to-the-storm\/\" 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\/05\/06\/april-sees-slower-non-oil-business-expansion-due-to-the-storm\/')\">\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\/05\/06\/april-sees-slower-non-oil-business-expansion-due-to-the-storm\/\">\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=April sees slower non-oil business expansion due to the storm&url=https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/april-sees-slower-non-oil-business-expansion-due-to-the-storm\/\">\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\/05\/06\/april-sees-slower-non-oil-business-expansion-due-to-the-storm\/&title=April sees slower non-oil business expansion due to the storm\">\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=April+sees+slower+non-oil+business+expansion+due+to+the+storm+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F05%2F06%2Fapril-sees-slower-non-oil-business-expansion-due-to-the-storm%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\/05\/06\/april-sees-slower-non-oil-business-expansion-due-to-the-storm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2036.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91680\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/april-sees-slower-non-oil-business-expansion-due-to-the-storm\/2036-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2036.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2036.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2036.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2036.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91679\" class=\"content-area-description single-story post-91679 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-dubai tag-economy tag-pmi 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\/5\/.8b9908d3-b3b7-4b9b-a4a2-69c4b19b6bbe.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Non-oil business activity grew at a slower pace in April due to disruptions from <\/strong><strong>the storm<\/strong>, which impacted business operations and sales, according to S&amp;P Global\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/235.pdf\" style=\"\" rel=\"noopener\">purchasing manager\u2019s index (pdf)<\/a>. The index dipped to 55.3 in April, down from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2424ec61-60d7-4581-9e2f-d6a467c4d6c1\/non-oil-business-growth-dips-slightly-in-march-amid-shipping-disruptions\" style=\"\" rel=\"noopener\">56.9 in March<\/a>, remaining well above the 50.0 threshold that separates growth from contraction, although it came in lower than the post-pandemic peak in February. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Business growth came in at its slowest pace in 14 months<\/strong><span style=\"background-color: transparent;\">, as new order volumes slowed and consumer demand eased amid business disruptions caused by the flooding, as well as high workloads, which also led to a significant increase in backlogs.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Purchasing expenses were high: <\/strong>April saw a spike in purchasing and staff costs driven by increased raw material prices and efforts to offset employees\u2019 higher living expenses. Meanwhile, companies slashed prices to boost sales amid stiff competition, resulting in a marginal decrease in average prices. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Companies were cautious about their inventories<\/strong>, with stocks of purchases expanding at its slowest rate since March 2022. Supplier performance also saw minimal improvement, partly due to transportation disruptions caused by the flooding during the month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Staffing levels only grew modestly:<\/strong> While companies saw a continued increase in employment levels on the back of new projects and strong demand \u2014 which maintained a two-year stretch of jobs being created \u2014 the pace of employment growth was mild due to reported high costs. \u201cPressure on operating margins remained a challenge, as price discounting continued despite faster rises in purchasing costs and salary payments,\u201d said S&amp;P Global Market Intelligence Economics Director Tim Moore.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some respite: Business sentiment remained strong<\/strong> as companies noted \u201cbuoyant market conditions and strong sales pipelines, as well as a swift recovery from weather-related business disruptions.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s PMI, meanwhile, reached an eight-month low but still posted growth<\/strong>, with the index slipping to 55.1 in April, down from 58.0 in March. \u201cCompanies operating in Dubai recorded a particularly acute loss of sales momentum as adverse weather disruptions hit business and consumer spending,\u201d Moore said.<\/p>\n<p class=\"tag-border-left\">FROM THE REGION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Non-oil business activity maintained a steady growth rate in April, thanks to favorable<\/strong><strong> market conditions<\/strong> including sustained levels of high demand, growth in customer base, new investments, and heightened competition, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/240.pdf\" style=\"\" rel=\"noopener\">Riyad Bank Saudi Arabia PMI (pdf)<\/a> out yesterday. The headline purchasing managers\u2019 index <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/5c320d7f-b687-4cae-894a-893ddd7f8db2\/non-oil-business-activity-remained-strong-in-march-2024\" style=\"\" rel=\"noopener\">remained unchanged m-o-m at 57.0<\/a>, remaining firmly above the 50 threshold that separates growth from contraction. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/pmi\/\">PMI<\/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=\"91681\" 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=\"91681\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/mubadala-capital-plans-more-than-usd-13-5-bn-in-investments-in-brazil\/\">\r\n                            Mubadala Capital to invest USD 13.5 bn in biofuels project in Brazil, eyes new stock exchange and further investments                        <\/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\/05\/06\/mubadala-capital-plans-more-than-usd-13-5-bn-in-investments-in-brazil\/\" 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\/05\/06\/mubadala-capital-plans-more-than-usd-13-5-bn-in-investments-in-brazil\/')\">\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\/05\/06\/mubadala-capital-plans-more-than-usd-13-5-bn-in-investments-in-brazil\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Mubadala Capital plans more than USD 13.5 bn in investments in Brazil&url=https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/mubadala-capital-plans-more-than-usd-13-5-bn-in-investments-in-brazil\/\">\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\/05\/06\/mubadala-capital-plans-more-than-usd-13-5-bn-in-investments-in-brazil\/&title=Mubadala Capital plans more than USD 13.5 bn in investments in Brazil\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Mubadala+Capital+plans+more+than+USD+13.5+bn+in+investments+in+Brazil+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F05%2F06%2Fmubadala-capital-plans-more-than-usd-13-5-bn-in-investments-in-brazil%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\/05\/06\/mubadala-capital-plans-more-than-usd-13-5-bn-in-investments-in-brazil\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91682\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/mubadala-capital-plans-more-than-usd-13-5-bn-in-investments-in-brazil\/2193-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2193.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91681\" class=\"content-area-description single-story post-91681 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-biofuels tag-brazil tag-capital-markets tag-enterpriseam-uae tag-investment-watch tag-mubadala-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\/5\/.0f6a8c7e-1c39-4427-9d46-d33f5d39e977.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mubadala Capital earmarks USD 13.5 bn for biofuels in Brazil:<\/strong> Mubadala Capital \u2014 sovereign wealth fund Mubadala\u2019s asset management arm \u2014 is looking to set up a USD 13.5 bn biofuels project in Brazil over the next 10 years to produce renewable diesel and sustainable aviation fuel, Mubadala Capital\u2019s head of Brazil, Oscar Fahlgren, told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/bef4fc45-3837-45fb-8704-a18483386dbf\" style=\"\" rel=\"noopener\">Financial Times<\/a>. Mubadala Capital will fund the investment through a mix of equity and debt over a period of five to 10 years, according to Fahlgren.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The biofuels plant \u2014 to be developed by Mubadala Capital\u2019s energy subsidiary Acelen \u2014 will comprise five USD 2.7 bn modules, each including a biorefinery with the capacity to process 20k fuel barrels per day. The first module is set to commence production by the end of 2026. Additionally, Mubadala Capital plans to convert an existing oil refinery, acquired from Brazil\u2019s state-owned energy firm Petrobras in <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/climate\/road-to-net-zero\/2023\/09\/04\/brazils-petrobras-explores-investment-in-mubadala-capital-owned-biofuel-project\/\" style=\"\" rel=\"noopener\">2021<\/a>, in the northeast region of Brazil.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why Brazil?<\/strong> \u201cIt\u2019s all about feedstock [which] in reality is agriculture. And Brazil is probably the best-placed country on the planet when it comes to agricultural proficiency because of the climate and the fertile soil. Brazil is to agriculture what Abu Dhabi is to oil,\u201d Fahlgren told the salmon-colored paper.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This isn\u2019t the first time we hear about these projects:<\/strong> Mubadala Capital <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2023\/09\/05\/mubadala-capitals-biofuel-project-in-brazil-may-have-a-new-investor-102514\/\" style=\"\" rel=\"noopener\">signed an MoU<\/a> with Petrobras in 2023 to partner on the refinery project, which Petrobras is looking to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e4bc7e1e-7bfb-4ffe-83f0-75f01ebaec27\/mgx-could-invest-in-openai%25e2%2580%2599s-chip-and-power-production-venture-%2B-eagle-hills%25e2%2580%2599-investment-in-budapest-could-reach-eur-10-bn#:~:text=Brazil%E2%80%99s%20Petrobras%20is,administration%E2%80%99s%20divestment%20strategy.\" style=\"\" rel=\"noopener\">repurchase<\/a> from Mubadala. In <a target=\"_blank\" href=\"https:\/\/climate.enterprise.press\/stories\/2023\/04\/18\/mubadala-capital-energy-subsidiary-to-invest-bns-in-brazilian-green-diesel-saf-101016\/\" style=\"\" rel=\"noopener\">April 2023<\/a>, Acelen revealed the estimated cost for the biofuels project\u2019s first module, saying it plans to invest USD 2.4 bn to produce 1 bn liters per year of hydrotreated vegetable oil.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fahlgren confirmed that Mubadala Capital is planning to open a new stock exchange in <\/strong><strong>Brazil, <\/strong>stating that \u201cBrazil is a very large country,\u201d and that it plans to roll out the exchange in a staged launch, starting with equities and later expanding to other asset classes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Bloomberg <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/186c6260-e7a0-4b83-a9ed-e44e57bb7e95\/efg-hermes%25e2%2580%2599-one-on-one-gets-underway-in-dubai-this-morning#:~:text=%231%2D%20Mubadala%20Capital,is%20under%20discussion.\" style=\"\" rel=\"noopener\">reported<\/a> in March that Mubadala Capital plans to establish a stock exchange in Brazil through its subsidiary, Americas Trading Group (ATG), to rival the Brazilian stock exchange, B3. Mubadala is looking to launch the new exchange in Sao Paulo by 2025, aiming to enhance competition, potentially reduce listing and trading costs for companies in Brazil. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>M<\/strong><strong>ubadala has a diverse portfolio in Brazil: <\/strong>Among Mubadala Capital\u2019s various investments in Brazil \u2014 which include <a target=\"_blank\" href=\"https:\/\/www.lavca.org\/mubadala-acquires-brazils-metro-rio-and-metro-barra\/\" style=\"\" rel=\"noopener\">metro lines<\/a> and the S\u00e3o Paulo Formula 1 Grand Prix promoter <a target=\"_blank\" href=\"https:\/\/www.f1technical.net\/news\/22984\" style=\"\" rel=\"noopener\">MC Brazil Motorspor<\/a> t \u2014 the asset manager <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/mubadala-raises-stake-brazilian-ethanol-producer-atvos-2023-10-20\/\" style=\"\" rel=\"noopener\">acquired<\/a> Grupo Novonor\u2019s 6.85% stake in Brazilian sugarcane processor Atvos, raising its total stake to 38.35%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala Capital also raised its stake in Brazilian food retailer Zamp to 58%<\/strong> after investing some <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/96da0b9f-21f3-4ad4-9eaa-f29f4945657f\/ihc-takes-14.83%2525-stake-in-colombian-food-manufacturer-%2B-rpm-closes-prometheus-acquisition\" style=\"\" rel=\"noopener\">USD 200 mn<\/a> in Zamp alongside Affinity Partners, the private equity firm founded by Donald Trump\u2019s son-in-law Jared Kushner. This move \u201cjust happened and we have no other specific investments earmarked, but I wouldn\u2019t rule it out,\u201d Fahlgren said as he expressed that he was \u201cvery happy\u201d about the partnership. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Affinity Partners joined Mubadala on Zamp\u2019s board after Asad Naqvi was elected as board member, alongside two executives appointed by Mubadala <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/96da0b9f-21f3-4ad4-9eaa-f29f4945657f\/ihc-takes-14.83%2525-stake-in-colombian-food-manufacturer-%2B-rpm-closes-prometheus-acquisition#:~:text=Mubadala%20appoints%20two,in%20the%20know.\" style=\"\" rel=\"noopener\">last week<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala wants to expand its foothold in Brazil even further<\/strong>: \u201cWe\u2019re very bullish on the investment climate in Brazil right now and the opportunities we see. We do have a number of assets that are relatively mature today, and could be potential exit candidates in the not too distant future,\u201d Fahlgren said. The asset manager is reportedly mulling ownership in a new <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/eea1962a-ae17-4d92-9fe8-d5407c17f2a6\" style=\"\" rel=\"noopener\">Brazilian football league<\/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\/biofuels\/\">biofuels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/brazil\/\">Brazil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala-capital\/\">Mubadala 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=\"91683 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=\"91683\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/91683-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91683\" class=\"content-area-description single-story post-91683 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=\"91684\" 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=\"91684\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/etihad-airways-moves-forward-with-planned-ipo\/\">\r\n                            Abu Dhabi\u2019s Etihad Airways taps banks for 2024 IPO                        <\/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\/05\/06\/etihad-airways-moves-forward-with-planned-ipo\/\" 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 offering could raise as much as USD 1 bn, according to the sources, who did not disclose the specific size and timing of the IPO.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Etihad parent company ADQ held talks earlier in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c51b4ea9-069c-433b-a44a-d91139d4417f\/%253cmark%253eetihad%253c%2Fmark%253e-airways-could-ipo-as-soon-as-this-year\" style=\"\" rel=\"noopener\">March<\/a> with banks about the potential listing that sources said could be \u201cas soon as this year.\u201d The wealth fund previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/738e84cd-a5af-47de-8b38-69b6d74ad04e\/brace-for-a-stormy-weekend-ahead\" style=\"\" rel=\"noopener\">chose<\/a> Citigroup, HSBC, First Abu Dhabi Bank as advisors for the airline\u2019s IPO, and appointed Rothschild &amp; Co. as independent financial advisor. ADQ is eyeing potentially going after both a traditional IPO and direct listing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>ADQ was transferred full ownership of Etihad from the Supreme Council for Financial and Economic Affairs back in <a target=\"_blank\" href=\"https:\/\/www.adq.ae\/newsroom\/etihad-aviation-group-transferred-to-adqs-portfolio\/\" style=\"\" rel=\"noopener\">October 2022<\/a>. The airline last year <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/11ec972a-8aa9-4463-852b-60fee6c2c2d0\/%253cmark%253eetihad%253c%2Fmark%253e-reports-fivefold-net-income-growth-in-2023-as-it-eyes-profitability-ahead-of-potential-ipo\" style=\"\" rel=\"noopener\">saw its net income grow fivefold<\/a>, with CEO Antonoaldo Neves saying it is boosting profitability to prepare for the likelihood of an IPO.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>First legacy airline to go public in the Gulf?<\/strong> Etihad could be the first major Gulf carrier to trade publicly if the IPO goes through. Saudi low-cost airline <a target=\"_blank\" href=\"https:\/\/www.flynas.com\/en\" style=\"\" rel=\"noopener\">Flynas<\/a> is also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/43c5cbcd-ed65-4362-9b50-27ed301a1b16\/another-gulf-airline-ipo-on-the-cards\" style=\"\" rel=\"noopener\">preparing to go public this year<\/a>, tapping Goldman Sachs, Morgan Stanley, and Saudi Fransi Capital for its upcoming IPO in Riyadh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And we have a bigger pipeline of IPOs: <\/strong>At least three other companies have expressed plans to move forward with IPOs this year, including edtech firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9e6ab588-7cbe-4ef7-acfb-97819fbace7d\/alef-education-moves-forward-with-planned-ipo\" style=\"\" rel=\"noopener\">Alef Education<\/a>, which has also already tapped banks to advise on their transactions. Amanat Holdings is also reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a7487593-d87d-409f-8b7b-96601eda5c08\/expect-at-least-five-more-ipos-in-the-uae-this-year\" style=\"\" rel=\"noopener\">looking to list<\/a> its healthcare unit, and shisha producer Advanced Inhalation Rituals is also <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/mideasts-biggest-tobacco-firm-air-invites-banks-pitch-roles-ipo-sources-2023-07-04\/\" style=\"\" rel=\"noopener\">eyeing an IPO<\/a> in 1H 2024.<\/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\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etihad-airways\/\">Etihad Airways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"91686\" 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=\"91686\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/\">\r\n                            Dubizzle acquires automotive news platform Drive Arabia                        <\/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\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/\" 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\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/')\">\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\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/\">\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=Dubizzle acquires automotive news platform Drive Arabia + EGA completes Leichtmetall acquisition&url=https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/\">\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\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/&title=Dubizzle acquires automotive news platform Drive Arabia + EGA completes Leichtmetall acquisition\">\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=Dubizzle+acquires+automotive+news+platform+Drive+Arabia+%2B+EGA+completes+Leichtmetall+acquisition+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F05%2F06%2Fdubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition%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\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91687\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/1979-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1979.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91686\" class=\"content-area-description single-story post-91686 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-automotive tag-dubizzle tag-emirates-global-aluminium tag-enterpriseam-uae tag-ma-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\/5\/.3edc537b-7413-4f66-94dc-e741792b664d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-based platform Dubizzle Group has acquired automotive media and reviews <\/strong><strong>platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.drivearabia.com\/\" style=\"\" rel=\"noopener\">Drive Arabia<\/a><\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dubizzle-group-acquires-drive-arabia-cb3g1p14\" style=\"\" rel=\"noopener\">press release<\/a>. The company plans to make a \u201csignificant investment\u201d in the platform to \u201cenhance its core value proposition as a transparent tool for car prices, specifications, and other relevant details to help us become the go-to platform for new car launches in the region,\u201d Dubizzle CEO Haider Ali Khan said. No details were given about the terms or value of the transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s in it for Dubizzle:<\/strong> Dubizzle Group plans to expand its automotive advertising offerings and reach, as well as introduce new products, according to the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plans for future acquisitions: <\/strong>\u201cThis is just the beginning and we are keeping a very keen eye on any other M&amp;A [possibilities] that further help us expand our offerings in the verticals we operate in,\u201d Khan said.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><strong>OTHER M&amp;A NEWS-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EGA now owns Leichtmetall:<\/strong> Emirates Global Aluminium (EGA) has closed its acquisition of 100% of German aluminum recycling company <a target=\"_blank\" href=\"https:\/\/www.leichtmetall.eu\/de\/\" style=\"\" rel=\"noopener\">Leichtmetall Aluminum Giesserei<\/a> from Leichtmetall Holding, according to a company <a target=\"_blank\" href=\"https:\/\/media.ega.ae\/ega-completes-acquisition-of-leichtmetall-european-speciality-foundry-in-high-strength-recycled-aluminium\/\" style=\"\" rel=\"noopener\">statement<\/a>. EGA finalized the transaction after receiving regulatory approval, the company said without providing details on the value of the purchase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The company revealed the transaction <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/69316933-82c7-4c5a-9595-96a407fddd18\/emirates-global-aluminium-to-fully-acquire-germany%25e2%2580%2599s-leichtmetall\" style=\"\" rel=\"noopener\">last month<\/a>, marking its first major acquisition since it was formed through the <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/emirates-aluminium-merger-idUSL5N0EF1GE20130603\/\" style=\"\" rel=\"noopener\">merger<\/a> of Dubai Aluminum and Emirates Aluminum.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The acquisition will bolster EGA\u2019s renewable production capacity: <\/strong>Leichtmetall\u2019s facilities operate with an annual production capacity of 30k tons of billets using renewable energy, with 80% of the input material being secondary aluminum. The new capacity will be added to 600k tons of primary aluminum EGA exports to Europe annually, bringing the company closer to European customers, as the EU inches closer to introducing its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/973fb9e8-83ce-4263-a138-e893db5528a8\/today:-the-region%25e2%2580%2599s-first-green-hydrogen-refueling-station,-courtesy-of-adnoc#:~:text=WORTH%20READING%2D%20A,fertilizers%2C%20Mohieldin%20added.\" style=\"\" rel=\"noopener\">tax on carbon-intensive imports in 2026<\/a>. Recycled aluminum is set to account for around 60% of global aluminum demand by 2030 and 70% by 2040, to reach 57 mn tons, EGA noted in its statement.<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubizzle\/\">Dubizzle<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-global-aluminium\/\">Emirates Global Aluminium<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"91688\" 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=\"91688\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/nmdc-tecom-report-bottom-line-growth-in-1q-2024\/\">\r\n                            NMDC, Tecom report bottom line growth in 1Q 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/nmdc-tecom-report-bottom-line-growth-in-1q-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/nmdc-tecom-report-bottom-line-growth-in-1q-2024\/')\">\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\/05\/06\/nmdc-tecom-report-bottom-line-growth-in-1q-2024\/\">\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=NMDC, Tecom report bottom line growth in 1Q 2024&url=https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/nmdc-tecom-report-bottom-line-growth-in-1q-2024\/\">\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\/05\/06\/nmdc-tecom-report-bottom-line-growth-in-1q-2024\/&title=NMDC, Tecom report bottom line growth in 1Q 2024\">\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=NMDC%2C+Tecom+report+bottom+line+growth+in+1Q+2024+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F05%2F06%2Fnmdc-tecom-report-bottom-line-growth-in-1q-2024%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\/05\/06\/nmdc-tecom-report-bottom-line-growth-in-1q-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/222.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91689\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/nmdc-tecom-report-bottom-line-growth-in-1q-2024\/222-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/222.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"222.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/222.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/222.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91688\" class=\"content-area-description single-story post-91688 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseam-uae tag-national-marine-dredging-company tag-tecom 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\/5\/.c79ab089-ffd2-44aa-ab28-9603d223441b.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">NATIONAL MARINE DREDGING COMPANY- <\/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:\/\/nmdc.com\/index.php\" style=\"\" rel=\"noopener\">National Marine Dredging Company (NMDC)<\/a><\/strong><strong> saw its net income climb 122% <\/strong><strong>y-o-y to AED 641.1 mn in 1Q 2024<\/strong>, driven by a \u201cstrategic expansion into new projects,\u201d according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/236.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues increased 67% y-o-y during the quarter to AED 5.3 bn, as the company was awarded AED 3.3 bn worth of contracts since the start of the year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>\u201cAs we look forward, our focus is on sharpening our financial indicators, optimizing our operational processes to enhance profitability and revenue, and expanding our asset portfolio. Our strategy is built on a solid foundation of past achievements and the strategic acquisition of new projects,\u201d said NMDC CEO Yasser Zaghloul.<\/p>\n<p class=\"tag-border-left\">TECOM GROUP-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Business district developer Tecom Group posted AED 293 mn in net income in 1Q<\/strong><strong> 2024, up 15% y-o-y<\/strong>, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/239.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Its top line rose 10% y-o-y to AED 564 mn in 2023, primarily fueled by high occupancy rates, with commercial and industrial portfolios seeing 91% occupancy, and industrial lands seeing 98%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cDemand from new customers across the six sectors we serve is palpable, notably for Grade A offices and industrial properties,\u201d Tecom Group CEO Abdulla Belhoul said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A positive outlook persists:<\/strong> \u201cWe anticipate the demand-induced growth momentum to be sustained for the rest of the year. Our confidence is underpinned by a positive macroeconomic outlook enabled by pro-growth government initiatives, including Dubai\u2019s D33 and the UAE\u2019s Operation 300 bn. We are confident in our ability to unlock greater shareholder value as we progress on our strategic growth agenda,\u201d he added.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/national-marine-dredging-company\/\">National Marine Dredging Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tecom\/\">Tecom<\/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=\"91690\" 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=\"91690\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/new-dubai-council-formed-dubai-racing-and-equestrian-clubs-have-new-boards\/\">\r\n                            New Dubai Council formed + Dubai Racing and Equestrian Clubs have new boards                        <\/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\/05\/06\/new-dubai-council-formed-dubai-racing-and-equestrian-clubs-have-new-boards\/\" 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\/05\/06\/new-dubai-council-formed-dubai-racing-and-equestrian-clubs-have-new-boards\/')\">\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\/05\/06\/new-dubai-council-formed-dubai-racing-and-equestrian-clubs-have-new-boards\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=New Dubai Council formed + Dubai Racing and Equestrian Clubs have new boards&url=https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/new-dubai-council-formed-dubai-racing-and-equestrian-clubs-have-new-boards\/\">\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\/05\/06\/new-dubai-council-formed-dubai-racing-and-equestrian-clubs-have-new-boards\/&title=New Dubai Council formed + Dubai Racing and Equestrian Clubs have new boards\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=New+Dubai+Council+formed+%2B+Dubai+Racing+and+Equestrian+Clubs+have+new+boards+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F05%2F06%2Fnew-dubai-council-formed-dubai-racing-and-equestrian-clubs-have-new-boards%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\/05\/06\/new-dubai-council-formed-dubai-racing-and-equestrian-clubs-have-new-boards\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1471.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"91691\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/new-dubai-council-formed-dubai-racing-and-equestrian-clubs-have-new-boards\/1471-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1471.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1471.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1471.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1471.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91690\" class=\"content-area-description single-story post-91690 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-dubai tag-dubai-council tag-enterpriseam-uae tag-moves tag-sports 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\/5\/.a5ccd0e8-c59c-465d-95b7-a230a1ade0b3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum formed the Dubai Council,<\/strong> which was <a target=\"_blank\" href=\"https:\/\/dlp.dubai.gov.ae\/Legislation%20Reference\/2021\/Law%20No.%20(21)%20of%202021%20Establishing%20the%20Dubai%20Council.html#:~:text=Pursuant%20to%20this%20Law%2C%20a,the%20achievement%20of%20its%20objectives.\" style=\"\" rel=\"noopener\">established in 2021<\/a> and tasked with launching major projects and initiatives to advance the emirate's development agenda, focusing on global competitiveness, leadership, and attractiveness, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b300dl2-mohammed-bin-rashid-issues-decree-forming-%E2%80%98dubai\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The council was <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sheikh Mohammed&nbsp;<\/strong><strong>will chair the new council<\/strong> himself, with <strong>Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum<\/strong> and <strong>Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum<\/strong> acting as first and second vice chairmen. Also on the council:<\/p>\n<ul>\n<li>President of the State Security of Dubai <strong>Talal Humaid Belhoul<\/strong>; <\/li>\n<li>Secretary General of The Executive Council of Dubai <strong>Abdulla Mohammed Al Basti<\/strong>;<\/li>\n<li>Commander-in-chief of Dubai Police <strong>Abdullah Khalifa Al Marri<\/strong>; <\/li>\n<li>Director General and Chairman of the Roads and Transport Authority <strong>Mattar Mohammed Al Tayer<\/strong>; <\/li>\n<li>CEO of the Dubai Electricity and Water Authority (Dewa) <strong>Saeed Mohammed Al Tayer<\/strong>;<\/li>\n<li>Director General of Dubai's Department of Economy and Tourism <strong>Helal Saeed Al Marri<\/strong>.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sheikh Rashid bin Dalmook bin Juma Al Maktoum<\/strong> will now chair the boards of the <strong>Dubai<\/strong><strong> Racing Club <\/strong>and the <strong>Dubai Equestrian Club<\/strong>, after Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum issued resolutions to form the board of directors for the foundations, the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/may\/03-05\/mohammed-bin-rashid-issues-decisions\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a> reported. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-council\/\">Dubai Council<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sports\/\">Sports<\/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=\"91692\" 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                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         <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/new-gas-reserves-discovered-in-sharjah\/\">\r\n                            Sharjah Petroleum Council reveals new gas reserves in Al Hadiba + more from Dana Gas, Eppco, Etihad, DFM, Adia and others                        <\/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\/05\/06\/new-gas-reserves-discovered-in-sharjah\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/new-gas-reserves-discovered-in-sharjah\/260-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/260.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"260.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/260.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/260.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91693\" class=\"content-area-description single-story post-91693 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi-investment-authority tag-also-on-our-radar tag-aviation tag-capital-markets tag-dana-gas tag-dfm tag-energy tag-enterpriseam-uae tag-etihad-airways tag-infrastructure tag-investment tag-real-estate tag-sharjah tag-uzbekistan 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\/5\/.62b1ef18-555e-4548-affa-54962e54781e.mp3\"><\/audio><\/figure><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>New gas reserves discovered in Sharjah:<\/strong> The Sharjah Petroleum Council discovered new gas reserves in \u201cpromising economically viable quantities\u201d in the Al Hadiba field, located north of the Al Sajaa Industrial Area in Sharjah, according to a <a target=\"_blank\" href=\"https:\/\/sgmb.ae\/en\/media-centre\/news\/4\/5\/2024\/%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A8%D8%A7%D9%84%D8%B4%D8%A7%D8%B1%D9%82%D8%A9-%D9%8A%D8%B9%D9%84%D9%86-%D8%A7%D9%83%D8%AA%D8%B4%D8%A7%D9%81-%D8%AD%D9%82%D9%84-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF-%D9%87%D8%AF%D9%8A%D8%A8%D8%A9.aspx#page=1\" style=\"\" rel=\"noopener\">statement<\/a>. The quantities will be confirmed through upcoming testing over the next few days.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sharjah has four other oilfields:<\/strong> Al Saja\u2019a, Kahif, Mahani and Muayed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This marks the first new discovery in the emirate since 2020<\/strong>, when state-owned Sharjah National Oil Corporation (SNOC) discovered a new onshore well of natural gas and condensate alongside Italy\u2019s Eni \u2014 marking its first discovery in three decades.<\/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- Dana Gas\u2019 production in Iraq back to normal levels:<\/strong> Natural gas producer Dana Gas has brought back production at the Khor Mor gas field in Iraq\u2019s Kurdistan region to normal levels after the company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/uae\/2024-04-30\" style=\"\" rel=\"noopener\">halted production<\/a> due to a drone attack that hit the field last weekend, it said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/241.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The Kurdistan regional and Iraqi federal governments have ensured security measures to strengthen defenses at the field. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Enoc-Chevron JV Eppco Lubricants partnered with Swedish steel manufacturer SKF&nbsp;<\/strong>to bring SKF RecondOil technology to the UAE, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/enocs-eppco-lubricants-introduces-revolutionary-recondoil-technology-in-the-uae-iszgl3j1\" style=\"\" rel=\"noopener\">press release<\/a>. The newly introduced technology cleans used oil by removing tiny particles that can damage machinery. <\/p>\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- New Fujairah-Cairo flights in July: <\/strong>Fujairah International Airport launched direct flights between Fujairah and Cairoat a rate of two flights per week on Sundays and Thursdays, starting July <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2ytiao-direct-flights-between-fujairah-cairo-launching\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The development stems from a cooperation between Fujairah Airport and Egyptair, Egypt's state-owned flag carrier.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Etihad Airways inked reciprocal interline partnerships with five new airlines<\/strong> \u2014 Kam Air, Sky Express, Rex Airlines, Jeju Air, and Myanmar Airways International \u2014 it said in a <a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en-eg\/news\/etihad-airways-boosts-interline-deals-with-five-airlines-making-travel-smoother\" style=\"\" rel=\"noopener\">statement<\/a>. The agreements streamline connectivity and baggage check-through on single tickets across networks and offer connections to some 80 destinations across Afghanistan, Greece, Australia, Korea, and Myanmar from Etihad\u2019s gateways.<\/p>\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Aark Developers launched its AED 4 bn <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sorabeachresidences.ae\/\" style=\"\" rel=\"noopener\">Sora Beach Residences<\/a><\/strong><strong> in Al Marjan Island<\/strong>, the first high rise on the island, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/aark-developers-announce-aed-4bln-project-sora-beach-residences-at-al-marjan-island-ru9gulyf\" style=\"\" rel=\"noopener\">press release<\/a>. Japanese architectural firm Nikken Sekkei \u2014 behind the design of the recently launched One Zabeel in Dubai \u2014 will design the development. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Al Ashram appointed main contractor for Luce Palm Jumeirah: <\/strong>Taraf \u2014 <a target=\"_blank\" href=\"https:\/\/yasholding.ae\/\" style=\"\" rel=\"noopener\">Yas Holding<\/a> \u2019s real estate arm \u2014 awarded <a target=\"_blank\" href=\"https:\/\/al-ashram.com\/ar\/#about\" style=\"\" rel=\"noopener\">Al Ashram Contracting<\/a> a construction contract for an undisclosed value for its residential development, <a target=\"_blank\" href=\"https:\/\/www.tarafholding.com\/en\/property\/luce\" style=\"\" rel=\"noopener\">Luce<\/a> at Palm Jumeirah, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/taraf-awards-main-works-contract-for-luce-at-palm-jumeirah-to-al-ashram-contracting-llc-ve55e0nz\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p class=\"tag-border-left\">CAPITAL MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DFM collaborates with Swiss Six for dual\/cross-listings and share transfers: <\/strong>The Dubai Financial Market (DFM) inked an agreement with the Swiss Financial Market Infrastructure Group Six to facilitate cross-listings and share fungibility, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/247.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> by the DFM. The agreement will also see Six and the Dubai Central Securities Depository work towards establishing a central securities depository for cross-border transfers, and identify further windows for cooperation on post-trade services and market data.<\/p>\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>Adia anchors Indian healthcare firm ahead of IPO: <\/strong>Abu Dhabi Investment Authority (Adia) was among 36 institutional investors that bought shares in Indian healthcare firm Indegene ahead of its IPO on the Bombay Stock Exchange, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/258.pdf\" style=\"\" rel=\"noopener\">bourse filing (pdf)<\/a>. Adia bought 276k shares, representing a 2.28% stake in Indegene. The stake was purchased for INR 12.5 mn (c. AED 550k), according to Indian broker <a target=\"_blank\" href=\"https:\/\/www.5paisa.com\/news\/indegene-ipo-anchor-allocation-above-29percent#:~:text=2.28%25-,%E2%82%B9%2012.50,-19\" style=\"\" rel=\"noopener\">5paisa<\/a>. Indegene raised a total of INR 5.49 bn (USD 65.8 mn) from institutional investors purchasing some 1.21 bn equity shares. <\/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-investment-authority\/\">Abu Dhabi Investment Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dana-gas\/\">Dana Gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etihad-airways\/\">Etihad Airways<\/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\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah\/\">Sharjah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uzbekistan\/\">Uzbekistan<\/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=\"91695\" 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=\"91695\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/warren-buffett-praises-apple-after-trimming-positions-and-is-a-bit-freaked-out-about-ai\/\">\r\n                            Warren Buffett praises Apple after trimming positions \u2014 and is a bit freaked out about AI                        <\/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\" 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/227.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"227.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/227.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/227.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91695\" class=\"content-area-description single-story post-91695 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-apple tag-enterpriseam-uae tag-financial-markets tag-ipo tag-planet-finance tag-saudi-arabia tag-warren-buffett 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\/5\/.f343bd15-f5af-47f3-8f2c-4fd70f7c2699.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>It\u2019s a quiet morning on Planet Finance<\/strong>, with no single story having dominated the markets pages over the weekend. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Warren Buffett is getting attention on both sides of the Atlantic and in Asia. <\/strong>Berkshire Hathaway\u2019s annual meeting is this weekend, and it\u2019s generating lots of headlines. <strong>Here\u2019s the Oracle of Omaha on:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Apple: <\/strong>Buffett <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/investing\/berkshire-hathaway-q1-earnings-report-2024-4ed1f9ca?mod=finance_lead_pos4\" style=\"\" rel=\"noopener\">went out of his way to praise Apple<\/a>&nbsp;\u2014 his most important holding \u2014 after Berkshire trimmed its stake. The WSJ thinks the size of the company\u2019s stake in Apple <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/stocks\/apple-is-buffetts-best-investment-its-also-now-one-of-his-riskiest-fb11f9a2?mod=finance_lead_story\" style=\"\" rel=\"noopener\">worries some investors<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Artificial intelligence: <\/strong>AI-powered scamming will be a global growth industry \u2014 and likened the technology\u2019s potential impact on the world to that of nuclear weapons <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/video\/2024\/05\/04\/warren-buffett-ai-will-turn-scams-into-the-growth-industry-of-all-time.html\" style=\"\" rel=\"noopener\">(watch, runtime: 1:29)<\/a>.<\/p>\n<p class=\"tag-border-left\">CLOSER TO HOME-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fakeeh Care\u2019s IPO set to be the biggest in KSA so far this year: <\/strong>Saudi private healthcare provider Fakeeh Care Group is looking to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a19c1059-f5ee-49d2-94a6-00b3bac9c60b\/\" style=\"\" rel=\"noopener\">raise up to SAR 2.9 bn<\/a>&nbsp;from its IPO on Tadawul\u2019s main market in what is on track to be the largest share sale in the Kingdom so far this year. Fund and portfolio managers fully covered the IPO in just the first hour that bankers started taking orders on Thursday, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-02\/saudi-hospital-group-fakeeh-tees-up-riyadh-s-biggest-ipo-of-2024\" style=\"\" rel=\"noopener\">Bloomberg<\/a> says. Bankers say they will price the transaction in the SAR 53.00-57.50 per-share range.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The UAE\u2019s ADIA is emerging as a key buyer in Fakeeh Care IPO:<\/strong> UAE\u2019s largest sovereign wealth fund Abu Dhabi Investment Authority (Adia) is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9723908b-fa80-4e47-8373-98b38fea0829\/adia-will-buy-1-mn-shares-in-saudi%253cmark%253e-fakeeh%253c%2Fmark%253e-care%25e2%2580%2599s-ipo-%2B-dubai-saw-5k-new-residential-units-added-in-1q-2024\" style=\"\" rel=\"noopener\">set to purchase<\/a> 1.04 mn shares as a cornerstone investment in Fakeeh Care\u2019s IPO. Alongside Olayan Saudi Investment \u2014 the other cornerstone investor \u2014 the two funds will buy 1.99 mn shares worth SAR 173 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>Saudi fintech outfit Rasan plans to sell a 30% stake on Tadawul\u2019s main market&nbsp;<\/strong>through an offering of existing and new shares, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/255.pdf\" style=\"\" rel=\"noopener\">prospectus (pdf)<\/a>. It lined up the Capital Market Authority\u2019s approval for the share sale in March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s on offer:<\/strong> Rasan is looking to sell 22.7 mn shares, including 17.4 mn shares from 15 selling shareholders and 5.3 mn news shares, according to the prospectus. <\/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>It\u2019s a quiet start to the week in Asia<\/strong>, where the JPX and Korea Exchange are closed in observance of Children\u2019s Day. Hong Kong\u2019s Hang Seng is flat in early trading, while the Shanghai Composite is up 0.9%. US and European stock futures inched up overnight. <\/p>\n<p><a target=\"_blank\" id=\"t.a74231a04ba41aeeebeeefeeece495248e3fc844\" 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\">9,037<\/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: -5.6%)<\/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>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\">4,142<\/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: +2.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,524<\/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: -8.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.1% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.4% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,373<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: 3.4%)<\/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\">26,113<\/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\">+3.3% (YTD: +4.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,127<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.3% (YTD: +7.5%)<\/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>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\">8,213<\/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: +6.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,921<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +8.9%)<\/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 82.96  <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.9%<\/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 2.14<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+5.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,301  <\/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\">-0.04%<\/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 63,699<\/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: +51.6%)<\/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 0.1% yesterday<\/strong> on turnover of AED 224.6 mn. The index is up 2.0% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Al Salam Bank (+3.6%), Emaar Development (+2.4%) and Emirates Reem Investments Company (+1.9%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Takaful Emarat (-2.9%), Amlak Finance (-2.0%) and Ithmaar Holding (-1.6%). <\/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 961.4 mn. Meanwhile Nasdaq Dubai rose 0.1%.<\/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\/apple\/\">Apple<\/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\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/warren-buffett\/\">Warren Buffett<\/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=\"91697\" 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=\"91697\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/uae-uzbekistan-ink-agreements-to-boost-economic-cooperation\/\">\r\n                            UAE, Uzbekistan ink agreements to boost economic cooperation                        <\/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\/05\/06\/uae-uzbekistan-ink-agreements-to-boost-economic-cooperation\/\" 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 two countries inked agreements across sectors like tech and AI, trade, and wastewater treatment.<\/p>\n<p class=\"tag-border-left\">TECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Investment Ministry and Uzbekistan's Digital Technologies Ministry signed an MoU to co-invest in digital infrastructure in Uzbekistan<\/strong>, focusing on promoting investments in data center and artificial intelligence projects in Uzbekistan, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b2ytim6-uae-uzbekistan-sign-investment-memorandum-boost\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreement also looks to attract major cloud service providers to the country, develop language models specific to Uzbekistan, and establish a local talent ecosystem for AI and computing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The countries also agreed to swap information on economic policies and legislation<\/strong>, aiming to set up an international center for advanced digital technologies in Uzbekistan that leverages Emirati expertise in the field. <\/p>\n<p class=\"tag-border-left\"> TOURISM- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More cooperation across tourism and travel?<\/strong> Economy Minister Abdulla Bin Touq Al Marri met with Chairman of Uzbekistan\u2019s Tourism Committee Umid Shadiev on the sidelines of the committee\u2019s session to explore cooperation in the tourism, aviation, travel, and hospitality sectors, <a target=\"_blank\" href=\"https:\/\/www.alkhaleej.ae\/2024-05-05\/%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%88%D8%A3%D9%88%D8%B2%D8%A8%D9%83%D8%B3%D8%AA%D8%A7%D9%86-%D8%AA%D8%AA%D9%81%D9%82%D8%A7%D9%86-%D8%B9%D9%84%D9%89-%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D8%B4%D8%B1%D8%A7%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9\/%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\" style=\"\" rel=\"noopener\">Al Khaleej<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong><\/p>\n<ul>\n<li><strong>Etihad Export Credit Ins. Company<\/strong> and the <strong>Uzbekinvest Export-Import Ins. Company<\/strong> inked an MoU to provide ins. for exporters and financial institutions; <\/li>\n<li><strong>Abu Dhabi Sustainable Water Solutions<\/strong> and <strong>Uzbekistan\u2019s Uzsuvtaminot<\/strong> inked an agreement to speed up the establishment of the <a target=\"_blank\" href=\"https:\/\/sws.ae\/news\/announcements\/abu-dhabi-sustainable-water-solutions-company-sws-signed-an-moa-with-uzsuvtaminot-jsc\/\" style=\"\" rel=\"noopener\">largest wastewater treatment plant<\/a> in Uzbekistan\u2019s capital, Tashkent.<\/li>\n<\/ul>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE was elected by the UN Economic and Social Council as a member of the <\/strong><strong>UN Statistical Commission<\/strong> for its 56th session, <a target=\"_blank\" href=\"https:\/\/www.emaratalyoum.com\/business\/local\/2024-05-05-1.1849529\" style=\"\" rel=\"noopener\">Emarat Al Youm<\/a> reports, citing the managing director of the Federal Competitiveness and Statistics Centre, Hanan Ahli. The UAE will serve as a member of the commission for four years, from 2025 until 2028.<\/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\/ai\/\">AI<\/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\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/un\/\">UN<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uzbekistan\/\">Uzbekistan<\/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=\"91699\" 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\/05\/06\/91699-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-91699\" class=\"content-area-description single-story post-91699 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;\">MAY<\/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;\">5-10 May (Sunday-Friday): Sharjah Chamber of Commerce and Industry sends trade delegation to India<\/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;\">5-10 May (Sunday-Friday): Dubai International Chamber sends trade mission to Indonesia and Vietnam<\/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 style=\"font-weight:400;\">6-9 May (Monday-Thursday): The Arab Tourism Media Awards, Dubai International Convention and Exhibition Centre.<\/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<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 2028:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\"> Abu Dhabi to host the 47th Chess Olympiad<\/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>Mubadala Capital plans USD 13.5 bn investments in Brazil | Etihad Airways taps advisors for IPO | New Dubai Council 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