{"id":93374,"date":"2024-07-01T00:00:00","date_gmt":"2024-07-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=93374"},"modified":"2025-12-15T00:44:08","modified_gmt":"2025-12-15T00:44:08","slug":"dubai-launches-usd-25-bn-fdi-program","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/dubai-launches-usd-25-bn-fdi-program\/","title":{"rendered":"Dubai launches USD 25 bn FDI program"},"content":{"rendered":"<section id=\"93376\" 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=\"93376\">\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\/07\/01\/were-paying-less-at-the-pump-this-month-again\/\">\r\n                            THIS MORNING: We\u2019re paying less at the pump this month, again                        <\/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\/07\/01\/were-paying-less-at-the-pump-this-month-again\/\" 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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We kick off the workweek with a compact issue, which is usually the case with Mondays.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY here at home<\/strong> is news of a USD 25 bn FDI program approved by the Dubai Executive Council. Plus: We have news of Mubadala offloading part of its stake in its JV operating the Colombia gold project, and preliminary data on Ajman\u2019s GDP in 2023. <\/p>\n<p class=\"tag-border-left\">PUBLIC SERVICE ANNOUNCEMENTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1- We\u2019re going to pay even less at the pump this month: <\/strong>Following a 6% fuel price cut last month, the Fuel Price Follow-up Committee slashed fuel prices by 4.7% for July, the Emirates General Petroleum Company (Emarat) <a target=\"_blank\" href=\"https:\/\/x.com\/EmaratOfficial\/status\/1807357776387055632\" style=\"\" rel=\"noopener\">said on X<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> Super 98 is now AED 2.99 per liter, Special 95 is now AED 2.88 per liter, and E-Plus now costs AED 2.8 per liter. Diesel prices are up marginally, now costing AED 2.89 per liter, up from AED 2.88 in July.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>#2- New regulations for social media ads take effect today:<\/strong> Influencers and businesses in Abu Dhabi must obtain a permit to use social media ads to promote their businesses as of today, as <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b3reber-fines-unlicensed-influencer-collaborations\" style=\"\" rel=\"noopener\">mandated<\/a> by the Abu Dhabi Department of Economic Development. Non-compliance with these regulations may lead to penalties of up to AED 10k and potential closure of the business.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER-<\/strong> <strong>We\u2019re looking at a sunny day today<\/strong>, with a daytime high of 41\u00b0C and an overnight low of 32\u00b0C in <strong>Dubai<\/strong>, and a high of 37\u00b0C in <strong>Abu Dhabi<\/strong> before clouds form and the mercury dips to 32\u00b0C at night. <\/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=\"wwtt3\"><\/a> <strong>#1- Masdar is eyeing a stake in Spain\u2019s Saeta Yield: <\/strong>Masdar is set to submit a final bid to acquire <a target=\"_blank\" href=\"https:\/\/www.brookfield.com\/\" style=\"\" rel=\"noopener\">Brookfield\u2019s<\/a> Spanish renewables firm <a target=\"_blank\" href=\"https:\/\/www.saetayield.com\/en\/#\" style=\"\" rel=\"noopener\">Saeta Yield<\/a> next week, Spanish news outlet <a target=\"_blank\" href=\"https:\/\/cincodias.elpais.com\/companias\/2024-06-28\/china-three-gorges-masdar-engie-y-total-pugnan-por-saeta-yield-la-antigua-filial-de-acs-en-renovables-con-ofertas-de-1700-millones.html\" style=\"\" rel=\"noopener\">Cinco Dias<\/a> reported on Friday. <a target=\"_blank\" href=\"https:\/\/www.ctg.com.cn\/ctgenglish\/\" style=\"\" rel=\"noopener\">China Three Gorges<\/a>, <a target=\"_blank\" href=\"https:\/\/www.engie.com\/en\" style=\"\" rel=\"noopener\">Engie<\/a> and <a target=\"_blank\" href=\"https:\/\/totalenergies.com\/\" style=\"\" rel=\"noopener\">TotalEnergies<\/a> are among the companies also expected to submit bids. The company is currently valued at around EUR 1.7 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.saetayield.com\/en\/#\" style=\"\" rel=\"noopener\">Saeta Yield<\/a> \u2014 which Brookfield <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/brookfield-hires-advisors-sell-assets-saeta-worth-16-bln-sources-2023-12-18\/\" style=\"\" rel=\"noopener\">acquired from ACS for EUR 1 bn<\/a> in 2018 \u2014 boasts a portfolio of 28 wind farms, 10 photovoltaic parks, and seven solar thermal plants across Spain and Portugal with a total capacity of 1.2 GW. The acquisition will include the entire renewables portfolio, excluding its solar thermal plants. Brookfield \u2014 which started <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/brookfield-hires-advisors-sell-assets-saeta-worth-16-bln-sources-2023-12-18\/\" style=\"\" rel=\"noopener\">the sale process<\/a> last December \u2014 had tapped <a target=\"_blank\" href=\"https:\/\/www.societegenerale.com\/en\" style=\"\" rel=\"noopener\">Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group<\/a> and <a target=\"_blank\" href=\"https:\/\/www.santanderbank.com\/\" style=\"\" rel=\"noopener\">Santander Bank<\/a> to advise on the transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO FROM MASDAR-<\/strong> <strong>USD 10 bn, 10 GW wind project in Egypt to kick off construction in March 2026:<\/strong> Construction of Egypt\u2019s USD 10 bn, 10 GW wind project \u2014 one of the biggest in the world underdevelopment by Infinity Power, Hassan Allam Utilities, and Masdar \u2014 is expected to begin in March 2026, chairman of Infinity Power Mohamed Ismail Mansour told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-27\/egypt-s-10-billion-wind-farm-is-poised-to-break-ground-in-2026?utm_medium=social&amp;utm_campaign=socialflow-organic&amp;utm_content=climate&amp;cmpid=socialflow-twitter-climate&amp;utm_source=twitter\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Construction was initially set for this year but fell behind due to land procurement issues in West Sohag. The project will begin electricity generation in 2032, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The consortium is working on surveys and studies to prepare for breaking ground: <\/strong>The consortium inked a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9004f1a5-828c-4173-8adf-43dfa2bb3355\" style=\"\" rel=\"noopener\">land access agreement<\/a> with the Egyptian government in May for over 3k sq km of land in West Sohag that will allow the group to conduct surveys and studies needed before construction begins. The companies had signed the land allocation agreement in June 2023, eight months after the companies signed an MoU on the sidelines of COP27. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Emirates faces more Airbus A350 delivery delays:<\/strong> Emirates has postponed the launch of its Airbus A350 aircrafts on routes to the Middle East, India, and parts of Europe due to delays in aircraft deliveries, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-28\/emirates-defers-first-airbus-a350-service-due-to-aircraft-delay\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Originally set for September, the flights will now commence from early November, starting with services to Edinburgh, Bahrain, and Kuwait. Destinations including Mumbai, Muscat, and Lyon are scheduled to follow in early 2025. \u201cOnce we begin receiving our A350s, we will expedite their entry into service as quickly as possible and will work hard to minimise the impact of the delays,\u201d the carrier said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Brazilian chain operator Zamp, backed by Mubadala, is exploring the chance to potentially <\/strong><strong>operate the<\/strong><strong> Subway brand in Brazil<\/strong>, it said in a regulatory <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/26.pdf\" style=\"\" rel=\"noopener\">filing (pdf)<\/a>. Brazilian newspaper O Globo reported that Zamp was in <a target=\"_blank\" href=\"https:\/\/oglobo.globo.com\/blogs\/lauro-jardim\/post\/2024\/06\/a-zamp-perto-de-ficar-com-a-subway-no-brasil.ghtml\" style=\"\" rel=\"noopener\">advanced negotiations<\/a> to acquire the operational rights for the Subway brand last Friday. The chain operator, which last month <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f4739c52-a35b-48b5-b2fd-45314a7844a4\/mubadala-backed%253cmark%253e-zamp%253c%2Fmark%253e-acquires-rights-to-starbucks-brand,-stores-in-brazil-%2B-gfh-gets-shareholder-nod-to-acquire-ithmaar-holding\" style=\"\" rel=\"noopener\">secured an agreement<\/a> to operate Starbucks, already manages Burger King and Popeyes in the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The UAE's securities authority launches initiative to regulate bond and sukuk <\/strong><strong>issuances:<\/strong> The Securities and Commodities Authority is set to roll out an initiative to regulate the private placement of bonds, sukuk, and securitized financial instruments, aimed at diversifying investment opportunities and instruments, according to a <a target=\"_blank\" href=\"https:\/\/www.sca.gov.ae\/ar\/media-center\/news\/28\/6\/2024\/sca-launches-transformational-project-regulation-of-private-placement-of-debt-securities-sukuk.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. The project will introduce a new platform for professional investors, with the goal of attracting new investor pools and boosting the value of UAE financial markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- UAE-India to initiate digital platform development for logistics corridor: <\/strong>Development has begun on a digital platform to streamline information exchange for vessel, voyage and cargo-related procedures between the UAE and India, in preparation to break ground on the first leg of the India-Middle East-Europe Economic Corridor, the <a target=\"_blank\" href=\"https:\/\/timesofindia.indiatimes.com\/india\/imee-ec-set-to-kick-off-as-digital-platform-linking-ports-in-india-uae-likely-to-be-ready-in-100-days\/articleshow\/111176003.cms\" style=\"\" rel=\"noopener\">Times of India<\/a> reported. The digital platform is scheduled to launch within the first 100 days of Indian Prime Minister Narendra Modi\u2019s third term, which began in June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Indian press reported <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd629b16-aa50-4eac-bb92-cf374a7c6e95\/plenty-of-m&amp;a-to-start-off-the-week\" style=\"\" rel=\"noopener\">last week<\/a> that officials have kicked off work on the corridor, with efforts underway to streamline procedures across the Indian ports of Mundra, Kandla and Nhava Sheva as well as the UAE ports of Jebel Ali and Fujairah. <\/p>\n<p class=\"tag-border-left\"> DATA POINT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai's Jebel Ali Port saw a 5% y-o-y increase in ship arrivals in 2023<\/strong>, with 23k ships passing through, <a target=\"_blank\" href=\"https:\/\/www.alkhaleej.ae\/2024-06-29\/%D8%AF%D8%A8%D9%8A-%D9%85%D8%B1%D8%B3%D9%89-23-%D8%A3%D9%84%D9%81-%D8%B3%D9%81%D9%8A%D9%86%D8%A9-%D9%81%D9%8A-2023-%D8%A8%D9%86%D9%85%D9%88-5\/%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. Container handling at the port rose 3.6% to 14.47 mn twenty-foot equivalent units (TEUs). <\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s once again all politics, all the time<\/strong> on the front pages of the world\u2019s business press, and centrist and left-of-center politicians, pundits, and journalists are wringing their hands across much of the northern hemisphere. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- France\u2019s far-right Rassemblement National took the first round in snap parliamentary <\/strong><strong>elections <\/strong>called by President Emmanuel Macron. Projections see the RN taking 33.2% of the vote. The leftist Nouveau Front Populaire likely took 28.1%, while Macron\u2019s Ensemble took just 21%. <strong>Turnout was high \u2014 20% points better than in 2020<\/strong>, France\u2019s <a target=\"_blank\" href=\"https:\/\/www.lesechos.fr\/elections\/legislatives\/legislatives-2024-le-rn-en-position-de-force-avant-le-second-tour-2104849\" style=\"\" rel=\"noopener\">Les Echos<\/a> writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s the second round run-off that really matters<\/strong>, Germany\u2019s <a target=\"_blank\" href=\"https:\/\/www.handelsblatt.com\/politik\/international\/parlamentswahlen-rechtsnationale-bei-erster-runde-der-parlamentswahlen-in-frankreich-vorne\/100047876.html\" style=\"\" rel=\"noopener\">Handeslblatt<\/a> notes, and it\u2019s scheduled for July 7. \u201cThe final result will depend on days of horsetrading before next week's run-off,\u201d Reuters writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want more? <\/strong><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/europe\/far-right-looms-as-france-kicks-off-parliamentary-elections-5828d7ac\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/581cde6f-fc6d-4618-a505-8070c699edc0\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/france-vote-election-that-could-put-far-right-government-2024-06-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- British voters go to the polls on Thursday<\/strong>, and Labour still enjoys what the BBC calls a <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/uk-politics-68079726\" style=\"\" rel=\"noopener\">\u201cbig lead\u201d<\/a> (about 20 percentage points) over Rishi Sunak\u2019s Conservatives. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Joe Biden\u2019s top advisors are fighting calls that he step down as the Democrats\u2019 <\/strong><strong>nominee<\/strong>, portraying his poor performance on Thursday night as a <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/06\/30\/us\/politics\/biden-debate-trump-reaction.html\" style=\"\" rel=\"noopener\">\u201cblip\u201d<\/a> and the result of <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/joe-bidens-disastrous-debate-blamed-bad-preparation-exhaustion-2024-06-30\/\" style=\"\" rel=\"noopener\">\u201cbad preparation and exhaustion\u201d<\/a> as <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/06\/30\/us\/politics\/biden-debate-anxious-democrats.html\" style=\"\" rel=\"noopener\">his family tells him to keep fighting<\/a> and <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/06\/30\/biden-camp-david-family-debate-00165970\" style=\"\" rel=\"noopener\">plots the ouster of his top advisors<\/a>, who they blame for the performance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bottom line: <\/strong>A new poll on Sunday showed that nearly <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8d19f50c-5da2-4091-a086-37b75a172931\" style=\"\" rel=\"noopener\">three quarters of voters think he<\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8d19f50c-5da2-4091-a086-37b75a172931\" style=\"\" rel=\"noopener\">should end<\/a> his re-election campaign. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH KNOWING on this hot summer morning:<\/strong><\/p>\n<ul>\n<li><strong>EY has a new boss. <\/strong>Today is <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f7105c3c-2bf8-43e3-a7ec-fdbf2ffeb61c\" style=\"\" rel=\"noopener\">Janet Truncale<\/a> \u2019s first day on the job;<\/li>\n<li><strong>Hungary takes over the rotating EU presidency <\/strong>today;<\/li>\n<li><strong>Ultra-Orthodox men in Israel <\/strong>have taken to the streets <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/middle-east\/ultra-orthodox-israeli-men-protest-against-military-draft-order-c84060e8\" style=\"\" rel=\"noopener\">to protest<\/a> that they\u2019re now subject to mandatory military service. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR- For our fellow tech nerds: <\/strong>Samsung will hold its <a target=\"_blank\" href=\"https:\/\/news.samsung.com\/global\/invitation-galaxy-unpacked-july-2024-galaxy-ai-is-here\" style=\"\" rel=\"noopener\">Unpacked<\/a> event on 10 July and Google will unveil its <a target=\"_blank\" href=\"https:\/\/9to5google.com\/2024\/06\/30\/google-pixel-9-early\/\" style=\"\" rel=\"noopener\">Pixel 9<\/a> on 13 August \u2014 two months ahead of what most tech-watchers had expected.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE- <\/strong>The US Fed\u2019s Open Markets Committee will release meeting minutes and its latest economic forecast on Wednesday. <\/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>  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style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/uaeformar.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/13.jpg?ssl=1\"><\/a> <\/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>Xpanse Abu Dhabi is scheduled to take place at Adnec Center in Abu Dhabi between<\/strong> <strong>20-22 November 2024<\/strong>, according to a statement from the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/organised-by-adnec-group-and-hosted-by-adq-xpanse-2024-to-take-place-in-abu-dhabi\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The event, focusing on artificial intelligence, machine learning, genomics, quantum computing, neuromorphic computing, and 6G connectivity, intends to gather 3k decision-makers, technology innovators, Nobel Prize winners, industry executives, CEOs, government officials and scientists.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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        <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93379\" 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=\"93379\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/dubai-launches-new-fdi-program-to-reel-in-aed-650-bn-in-fdi-by-2033\/\">\r\n                            Dubai launches new FDI program to reel in AED 650 bn in FDI by 2033                        <\/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\/07\/01\/dubai-launches-new-fdi-program-to-reel-in-aed-650-bn-in-fdi-by-2033\/\" 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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wp-post-image\" alt=\"\" data-attachment-id=\"93380\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/dubai-launches-new-fdi-program-to-reel-in-aed-650-bn-in-fdi-by-2033\/1454-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1454.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1454.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1454.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1454.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93379\" class=\"content-area-description single-story post-93379 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-dubai tag-dubai-executive-council tag-enterpriseam-uae tag-fdi tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.a27fa1ee-7b5c-4985-b20f-28c785a94349.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fresh incentives coming for Dubai investors?<\/strong> The Executive Council of Dubai approved a new Foreign Direct Investment Development Program to help achieve its target of reeling in some AED 650 bn in foreign direct investment (FDI) by 2033, Deputy Ruler of Dubai Maktoum bin Mohammed <a target=\"_blank\" href=\"https:\/\/x.com\/MaktoumMohammed\/status\/1807372099662594092?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1807372099662594092%7Ctwgr%5Ec66b4752a0567476ce342fb8e78880ed4d3459ca%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2F2024%2F06%2F30%2Fdubai-announces-68bn-in-investment-incentives%2F\" style=\"\" rel=\"noopener\">said on X<\/a>. The program will allocate AED 25 bn over the next decade for investment incentives \u2014 focusing on areas like logistics infrastructure and talent \u2014 that encourage international companies to establish or expand their presence in Dubai, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b3xcng8-maktoum-bin-mohammed-chairs-executive-council\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Dubai ranked first in the world in terms of greenfield FDI projects for the third consecutive year in 2023. The emirate saw some 1k greenfield projects launched during the year, with AED 39.26 bn in capital flows. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AED 650 bn? <\/strong>The target was first announced as part of the D33 economic agenda launched in 2023, which aims to double the size of Dubai\u2019s economy to AED 32 tn by 2033. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new progress tracker: <\/strong>The council also signed off on the Dubai Economic Model to track the emirate\u2019s progress towards its economic targets. The model will use 3k performance indicators, AI tools, as well as interactive dashboards to measure and forecast the emirate\u2019s economic performance and assessment reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- More Metro stations:<\/strong> The Council approved a plan to develop the areas surrounding Dubai\u2019s Metro stations, and expand the number of metro stations to 140 by 2040, up from 64 currently and 96 by 2030. The initiative involves Dubai\u2019s government providing incentives to developers to use plots near metro stations, contributing to the emirate\u2019s goal of becoming a <a target=\"_blank\" href=\"http:\/\/dubai2040.ae\/en\/projects-and-initiatives\/the-20-minutes-city\/\" style=\"\" rel=\"noopener\">20-minute city<\/a> and increasing metro ridership. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The new <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/26868934-27b4-44e7-a8b3-6c41a5dca8d4\/emirati-climate-tech-investors-choose-mena-%2B-africa-over-traditional-markets-for-growth\" style=\"\" rel=\"noopener\">USD 4.9 bn Blue Line metro expansion<\/a> is set to feature 14 new metro stations. <\/p>\n<p class=\"tag-border-left\">OTHER INVESTMENT NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TVM Capital Healthcare said it has invested USD 35 mn in Riyadh-based pharma <\/strong><strong>manufacturer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/bostononcology.com\/boston-oncology-arabia\/\" style=\"\" rel=\"noopener\">Boston Oncology Arabia<\/a><\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20240623348376\/en\/TVM-Capital-Healthcare-Announces-USD-35-Million-Investment-into-Boston-Oncology-Arabia\" style=\"\" rel=\"noopener\">statement<\/a>. The investment will go towards accelerating Boston Oncology\u2019s transition to \u201cfull formulation and fill and finish manufacturing\u201d at its local production hub at Sudair Industrial City. TVM will also provide strategic support and expand the company\u2019s access to international suppliers through its global network. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s TVM? <\/strong>The healthcare-focused private equity investor has offices in Dubai and Singapore that \u2014 interestingly \u2014 invests in both MENA and Southeast Asia. The firm\u2019s strategy is to partner with management teams to build \u201cnational champions,\u201d but it will also work with European and North American firms looking to expand into SEA and MEA. TVM has offices in Riyadh \u2014 where it has been operating since 2015 \u2014 and Ho Chi Minh City as well as supporting offices in Munich and Boston.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TVM Capital just closed a fund to invest in Saudi healthcare: <\/strong>The private equity firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/337f73c9-97e1-4385-881c-59cf8ad6cb59\" style=\"\" rel=\"noopener\">closed in June<\/a> a dedicated healthcare fund targeting Saudi, raising USD 250 mn from investors led by Saudi sovereign wealth fund the Public Investment Fund\u2019s Jada Fund of Funds and other investors. Its new investment vehicle is named Afiyah Fund.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In TVM\u2019s pipeline: <\/strong>Investments in <strong>Baraya Extended Care<\/strong>, a Riyadh-based long-term rehabilitation clinics chain; <strong>DEBx Medical<\/strong>, a Dutch med-tech and chronic-wound drugmaker looking to enter the Saudi market; and <strong>NeuroCare Group<\/strong>, a German company specialized in mental health services eyeing an expansion into the region, among others.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s Boston Oncology Arabia?<\/strong> Boston Oncology is a bio-generic drugs manufacturing company that focuses on developing and manufacturing specialty drugs including generics and biosimilars. It saw its first biosimilar product registered with the Saudi Food and Drug Authority (Sfda) for local manufacturing in 2020, with 44 products pending Sfda\u2019s approval as of early 2022, according to its website. Its manufacturing facility has an annual vial capacity of over 30 mn units.<\/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-executive-council\/\">Dubai Executive Council<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fdi\/\">FDI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93381\" 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=\"93381\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/mubadala-reduces-stake-in-colombia-gold-project\/\">\r\n                            Mubadala reduces stake in Colombia gold project                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/mubadala-reduces-stake-in-colombia-gold-project\/\" 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\/07\/01\/mubadala-reduces-stake-in-colombia-gold-project\/')\">\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\/07\/01\/mubadala-reduces-stake-in-colombia-gold-project\/\">\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 reduces stake in Colombia gold project&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/mubadala-reduces-stake-in-colombia-gold-project\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/mubadala-reduces-stake-in-colombia-gold-project\/&title=Mubadala reduces stake in Colombia gold project\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Mubadala+reduces+stake+in+Colombia+gold+project+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F01%2Fmubadala-reduces-stake-in-colombia-gold-project%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/mubadala-reduces-stake-in-colombia-gold-project\/\">\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=\"93382\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/mubadala-reduces-stake-in-colombia-gold-project\/2193-jpg-18\/\" 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-93381\" class=\"content-area-description single-story post-93381 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseam-uae tag-ma-watch tag-mining tag-mubadala wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.c82757e5-c986-43c5-b769-4cb9c5a7d36b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mubadala now owns less of the Soto Norte Colombia gold project:<\/strong> Abu Dhabi sovereign wealth fund Mubadala has closed the transfer of an additional 31% stake in the Soto Norte gold-copper project in Colombia to Canadian <a target=\"_blank\" href=\"https:\/\/aris-mining.com\/\" style=\"\" rel=\"noopener\">Aris Mining<\/a>, the mining firm said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/30.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Aris Mining has now become the controlling shareholder, now holding a 51% stake in the project, while Mubadala retains a 49% stake.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> In exchange for the increased stake, Aris Mining will issue a total of 21.75 mn shares to Mubadala, valued at USD 90 mn. This includes a 9.9% stake now, with an additional 6 mn shares to be issued to Mubadala after Aris obtains an environmental license for the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> In <a target=\"_blank\" href=\"https:\/\/aris-mining.com\/news\/aris-mining-to-increase-ownership-in-soto-norte-pr-8922\/\" style=\"\" rel=\"noopener\">May<\/a>, Mubadala and Aris Mining inked an agreement to raise Aris\u2019 stake in the gold-copper project to 51%. Aris had originally acquired a 20% stake in Mubadala\u2019s subsidiary Minesa, the company which fully owns the Soto Norte project, in <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/aris-gold-to-become-operator-of-the-soto-norte-gold-project-in-colombia-301506306.html\" style=\"\" rel=\"noopener\">March<\/a> 2022, forming a JV which saw Aris become an operating partner in Minesa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the project: <\/strong>The Soto Norte project is claimed to be one of the \u201clargest undeveloped underground gold projects in South America,\u201d according to Aris. The Canadian mining firm is set to commence a pre-feasibility study of a new development plan for the project, slated for completion by early 2025.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mining\/\">mining<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93383 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=\"93383\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/93383-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93383\" class=\"content-area-description single-story post-93383 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\/5\/1928.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=\"93384\" 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=\"93384\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/ajmans-economy-grew-6-25-in-2023\/\">\r\n                            Ajman\u2019s economy grew 6.25% in 2023                        <\/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\/07\/01\/ajmans-economy-grew-6-25-in-2023\/\" 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\/07\/01\/ajmans-economy-grew-6-25-in-2023\/')\">\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\/07\/01\/ajmans-economy-grew-6-25-in-2023\/\">\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=Ajman\u2019s economy grew 6.25% in 2023&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/ajmans-economy-grew-6-25-in-2023\/\">\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\/07\/01\/ajmans-economy-grew-6-25-in-2023\/&title=Ajman\u2019s economy grew 6.25% in 2023\">\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=Ajman%E2%80%99s+economy+grew+6.25%25+in+2023+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F01%2Fajmans-economy-grew-6-25-in-2023%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\/07\/01\/ajmans-economy-grew-6-25-in-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/27.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93385\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/ajmans-economy-grew-6-25-in-2023\/27-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/27.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"27.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/27.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/27.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93384\" class=\"content-area-description single-story post-93384 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-ajman tag-economy tag-enterpriseam-uae tag-gdp 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\/7\/.044dcd44-0b2f-41eb-a039-df31831ac3d3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Ajman's<\/strong><strong> GDP rose 6.25% to AED 36 bn in 2023<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b3xcnj4-ajman%E2%80%99s-gdp-rises-aed36-billion-2023-statistics\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing preliminary data from the Ajman Statistics Center. Key sectors driving growth include manufacturing, which accounted for 18.8% of GDP, wholesale and retail trade and vehicle repair (18%), and construction (16.4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- The UAE\u2019s economy grew 3.6% last year<\/strong>, with the non-oil economy growing 6.2%. Abu Dhabi\u2019s non-oil economy grew 9.1% y-o-y last year, with real GDP growing 3.1%. Data out earlier this week also showed Sharjah\u2019s non-oil economy growing 7.1% y-o-y, with GDP growing 6.5% y-o-y.<\/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\/ajman\/\">Ajman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93386\" 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=\"93386\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/us-based-markel-groups-ins-subsidiary-markel-taps-jennifer-gebran-as-head-of-casualty-for-mena\/\">\r\n                            US-based Markel Group\u2019s insurance subsidiary Markel has appointed Jennifer Gebran as Head of Casualty for the Mena region                        <\/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\/07\/01\/us-based-markel-groups-ins-subsidiary-markel-taps-jennifer-gebran-as-head-of-casualty-for-mena\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/us-based-markel-groups-ins-subsidiary-markel-taps-jennifer-gebran-as-head-of-casualty-for-mena\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/us-based-markel-groups-ins-subsidiary-markel-taps-jennifer-gebran-as-head-of-casualty-for-mena\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=US-based Markel Group\u2019s ins. subsidiary Markel taps Jennifer Gebran as head of casualty for MENA&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/us-based-markel-groups-ins-subsidiary-markel-taps-jennifer-gebran-as-head-of-casualty-for-mena\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/us-based-markel-groups-ins-subsidiary-markel-taps-jennifer-gebran-as-head-of-casualty-for-mena\/&title=US-based Markel Group\u2019s ins. subsidiary Markel taps Jennifer Gebran as head of casualty for MENA\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=US-based+Markel+Group%E2%80%99s+ins.+subsidiary+Markel+taps+Jennifer+Gebran+as+head+of+casualty+for+MENA+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F01%2Fus-based-markel-groups-ins-subsidiary-markel-taps-jennifer-gebran-as-head-of-casualty-for-mena%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/us-based-markel-groups-ins-subsidiary-markel-taps-jennifer-gebran-as-head-of-casualty-for-mena\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/34.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93387\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/us-based-markel-groups-ins-subsidiary-markel-taps-jennifer-gebran-as-head-of-casualty-for-mena\/34-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/34.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"34.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/34.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/34.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93386\" class=\"content-area-description single-story post-93386 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-uae tag-insurance tag-markel-group tag-moves 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\/7\/.23416464-0f02-492d-8d3a-bf375706d571.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">US-based Markel Group\u2019s ins. unit <strong><a target=\"_blank\" href=\"https:\/\/www.markel.com\/\" style=\"\" rel=\"noopener\">Markel<\/a><\/strong> appointed <strong>Jennifer Gebran <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/jennifer-gebran-1588aa38\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">Linkedin<\/a>) as <strong>head of <\/strong><strong>casualty for the MENA region<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/markel-appoints-jennifer-gebran-as-head-of-casualty-in-mena-region-cd4d3cc1?page=1\" style=\"\" rel=\"noopener\">press release<\/a>. Gebran will develop the firm\u2019s casualty underwriting strategy in the region, strengthen broker relationships, and support Markel's strategic expansion in the MENA region. Gebran boasts over 13 years of reins. expertise in the Gulf, Middle East, and North Africa. She most recently served as assistant vice president in Dubai at Berkshire Hathaway and previously spent 11 years at Liberty Specialty Markets.<\/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\/insurance\/\">insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/markel-group\/\">Markel Group<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93388\" 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=\"93388\">\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\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/adnoc-and-local-uae-banks-in-the-spotlight\/\">\r\n                            Adnoc and local UAE banks in the spotlight                        <\/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\/07\/01\/adnoc-and-local-uae-banks-in-the-spotlight\/\" 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\/07\/01\/adnoc-and-local-uae-banks-in-the-spotlight\/')\">\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\/07\/01\/adnoc-and-local-uae-banks-in-the-spotlight\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Adnoc and local UAE banks in the spotlight&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/adnoc-and-local-uae-banks-in-the-spotlight\/\">\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\/07\/01\/adnoc-and-local-uae-banks-in-the-spotlight\/&title=Adnoc and local UAE banks in the spotlight\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Adnoc+and+local+UAE+banks+in+the+spotlight+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F01%2Fadnoc-and-local-uae-banks-in-the-spotlight%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\/07\/01\/adnoc-and-local-uae-banks-in-the-spotlight\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/163.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93389\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/adnoc-and-local-uae-banks-in-the-spotlight\/163-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/163.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"163.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/163.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/163.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93388\" class=\"content-area-description single-story post-93388 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-abu-dhabi-national-oil-company tag-adnoc tag-banking tag-enterpriseam-uae tag-first-abu-dhabi-bank tag-mashreq tag-uae-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.f6c7b241-630c-4f6c-a179-2c7e91b2848e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc\u2019s transformation from a \u201csleepy state company\u201d to a global energy giant with USD <\/strong><strong>150 bn budget got a lengthy feature<\/strong> in <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-28\/gulf-oil-giant-adnoc-with-150-billion-turns-into-top-dealmaker\" style=\"\" rel=\"noopener\">Bloomberg<\/a> after the firm revised upwards its offer for German chemical company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0baa8498-7476-44fd-b102-ca389dc06758\/adnoc-%2B%253cmark%253e-covestro%253c%2Fmark%253e-kick-off-negotiations-after-revised-takeover-bid\" style=\"\" rel=\"noopener\">Covestro<\/a>, following lengthy negotiations. The transaction, if closed, would cement Adnoc\u2019s credibility as an investor and provide impetus for more cross-border transactions, sources told the business information service.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also gaining more and more credibility: local banks.<\/strong> With \u201cample liquidity on their balance sheets,\u201d local banks are stepping up their involvement in financing local transactions in the Middle East, S&amp;P analyst Puneet Tuli told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-28\/middle-east-banks-are-beating-wall-street-at-its-own-game\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. Local lenders are offering competitive terms that rival those of global financial giants \u2014 in addition to leveraging close ties with local businesses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The most recent example: <\/strong>Four Emirati lenders \u2014 our friends at Mashreq and First Abu Dhabi Bank, as well as Abu Dhabi Commercial Bank and Dubai Islamic Bank, according to Bloomberg \u2014 took the leading role in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/30a14fdf-434d-4143-822d-d34f272bae51\/brookfield-led-consortium-to-invest-in%253cmark%253e-gems%253c%2Fmark%253e#:~:text=The%20details%3A,the%20education%20firm.\" style=\"\" rel=\"noopener\">financing a USD 3.25 bn loan<\/a> for Gems Education, facilitating asset manager Brookefield\u2019s acquisition of a majority stake in the Dubai-based school operator. <\/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-national-oil-company\/\">Abu Dhabi National Oil Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-in-the-news\/\">UAE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93390\" 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=\"93390\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/mashreq-gets-in-principle-approval-to-offer-islamic-banking-services-in-pakistan\/\">\r\n                            Mashreq gets in-principle approval to offer Islamic banking services in Pakistan                        <\/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\/07\/01\/mashreq-gets-in-principle-approval-to-offer-islamic-banking-services-in-pakistan\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2673.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93391\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/mashreq-gets-in-principle-approval-to-offer-islamic-banking-services-in-pakistan\/2673-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2673.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2673.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2673.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2673.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93390\" class=\"content-area-description single-story post-93390 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-aviation tag-banking tag-healthcare tag-mashreq tag-pharmaceuticals tag-roads-and-transport-authority tag-tech tag-trade 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\/7\/.8e12525f-86c8-40eb-a1a6-c5628cf274ca.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #1- Islamic banking is coming to Mashreq Pakistan: <\/strong>Our friends at <a target=\"_blank\" href=\"https:\/\/www.mashreq.com\/en\/international-banking\/home\/international-network\/pakistan\/\" style=\"\" rel=\"noopener\">Mashreq<\/a> \u2019s Pakistani arm obtained in-principle approval from the country\u2019s central bank to launch Islamic banking services, the lender said in a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7212467677989113856\/?updateEntityUrn=urn%3Ali%3Afs_updateV2%3A%28urn%3Ali%3Aactivity%3A7212467677989113856%2CFEED_DETAIL%2CEMPTY%2CDEFAULT%2Cfalse%29\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> Mashreq is on track to receive a restricted license from the State Bank of Pakistan to introduce digital retail banking services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Ajman Bank to use Magnati\u2019s platform to offer payment solutions for businesses: <\/strong>Ajman Bank has teamed up with Emirati payment solutions firm Magnati to roll out online and in-store payment services for its business clients, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-06-29-1.4896839\" style=\"\" rel=\"noopener\">Al Bayan<\/a> reports.<\/p>\n<p class=\"tag-border-left\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Harbour is getting a AED 431 mn bridge:<\/strong> Dubai\u2019s Roads and Transport Authority awarded a AED 431 mn contract to an undisclosed company to build a two-lane bridge that will connect Dubai Harbour to Sheikh Zayed Road, according to a statement from <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/june\/30-06\/rta-dubai-harbour\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The bridge will accommodate 6k vehicles per hour and cut travel time to three minutes from 12 minutes.<\/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>Dubai International Financial Centre (DIFC) kicked off construction on DIFC Square<\/strong>, a project consisting of three interconnected buildings, according to a <a target=\"_blank\" href=\"https:\/\/www.difc.ae\/whats-on\/news\/difc-square-breaks-ground-on-near-1mn-sqft-development-to-meet-growing-demand\" style=\"\" rel=\"noopener\">press release<\/a>. The new development will offer Grade A office spaces and retail units, slated for completion in 1Q 2026, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details? <\/strong> Developed on a 113k sqft plot with a total built-up area of 1mn sq ft, DIFC Square includes 600k sqft of office space and 17,2k sq ft of retail space, featuring a curated selection of shops and F&amp;B outlets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first major development project in the DIFC this year<\/strong>: Dar Group broke ground on its AED 1.1 bn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/91fc258f-b8e5-458a-a1ef-cbe387864a46\/difc-kicks-off-construction-on-aed-1-bn%253cmark%253e-immersive-tower%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">immersive tower<\/a> in the DIFC back in May. The 37-storey development will sit adjacent to Daman Tower, covering 115k sqm with over 58.5k sqm of office space, and 10.5k sqm of retail space. It is slated for handover in April 2027. <\/p>\n<p class=\"tag-border-left\">PHARMA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pharmalink to distribute Sky Premium Life supplements in the UAE:<\/strong> Dubai-based <a target=\"_blank\" href=\"https:\/\/pharmalink.ae\/\" style=\"\" rel=\"noopener\">Pharmalink<\/a> signed an agreement with US-based healthcare company <a target=\"_blank\" href=\"https:\/\/www.cosmoshealthinc.com\/\" style=\"\" rel=\"noopener\">Cosmos Health<\/a> to become the exclusive distributor of its supplements line Sky Premium Life in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/feeds.issuerdirect.com\/news-release.html?newsid=7373428083806828\" style=\"\" rel=\"noopener\">statement<\/a> from Cosmos Health. Under the agreement, Pharmalink will be in charge of selling, marketing, and logistics management of the products. The company aims to sell over 500k units in the first year and more than 3 mn units in the next five years.<\/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>Reborn Coffee to set up shop in the UAE: <\/strong>US-based specialty coffee roaster and retailer <a target=\"_blank\" href=\"https:\/\/reborncoffee.com\/\" style=\"\" rel=\"noopener\">Reborn Coffee<\/a> plans to make its debut in the Middle East by opening its first store in Dubai\u2019s Jumeirah within a year under a licensing agreement it has signed, a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/6\/1906.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> from the company showed. The company plans to open 20 more stores across the country.<\/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>Freshworks launches new data center in the UAE:<\/strong> US cloud-based software provider Freshworks launched a new Amazon Web Services-powered data center in the UAE to extend its services to 72 countries in the Mena region, according to a company <a target=\"_blank\" href=\"https:\/\/www.freshworks.com\/pressrelease\/freshworks-unveils-new-data-center-in-uae-to-serve-customers-across-middle-east-and-africa\/\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p class=\"tag-border-left\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AD Ports, ITC team up to boost global trade:<\/strong> AD Ports inked an MoU with the International Trade Center (ITC), a joint agency of the UN and the World Trade Organization, to facilitate trade, logistics, and transport services in developing countries by reviewing policies, upgrading border services, and making global trade more accessible to small and medium enterprises, according to a <a target=\"_blank\" href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2024\/06\/28\/ad-ports-group-and-the-international-trade-centre-sign-a-strategic-mou\" style=\"\" rel=\"noopener\">statement<\/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>UAE and Tajikistan cooperate to boost transparency in financial markets:<\/strong> The UAE\u2019s Securities and Commodities Authority (SCA) signed an MoU with the Agency of Securities and Special Registration of Tajikistan's Finance Ministry to boost cooperation on supervision and transparency in both countries\u2019 financial market, according to a <a target=\"_blank\" href=\"https:\/\/www.sca.gov.ae\/en\/media-center\/news\/28\/6\/2024\/%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D8%A7%D9%82-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%AA%D9%88%D9%82%D8%B9-%D9%85%D8%B0%D9%83%D8%B1%D8%A9-%D8%AA%D9%81%D8%A7%D9%87%D9%85-%D9%85%D8%B9-%D9%88%D9%83%D8%A7%D9%84%D8%A9-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D8%A7%D9%82-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%88%D8%A7%D9%84%D8%AA%D8%B3%D8%AC%D9%8A%D9%84-%D8%A7%D9%84%D8%B7%D8%A7%D8%AC%D9%8A%D9%83%D8%B3%D8%AA%D8%A7%D9%86%D9%8A%D8%A9.aspx\" style=\"\" rel=\"noopener\">statement<\/a> from the SCA. The agreement will facilitate the joint enforcement of financial regulations, addressing investor complaints, and coordinating investigations into market violations.<\/p>\n<p class=\"tag-border-left\">AUTOMOTIVE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EV distributor and UAE luxury car distributor New Energy Vehicles subsidiary Smart <\/strong><strong>Mobility International secured an exclusive distribution <\/strong><strong>agreement with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.avatr.com\/en\/about\" style=\"\" rel=\"noopener\">Avatr<\/a><\/strong><strong> Technology<\/strong>, a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/smart-mobility-international-announces-exclusive-partnership-with-avatr-technology-l45jcsfb\" style=\"\" rel=\"noopener\">press release<\/a> reads. The transaction marks Avatr\u2019s first expansion outside China, and will see it open its first showroom in a location on Sheikh Zayed Road. Avatr, backed by Chang\u2019an Automobile, CATL, and Huawei, will debut its flagship products in the UAE, with plans to introduce more battery electric vehicles and extended-range EV models in 2025.<\/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- Passengers can now fly directly from Sharjah Airport to Greece\u2019s Athens, <\/strong>the Sharjah International Airport Authority and Air Arabia said, according to <a target=\"_blank\" href=\"https:\/\/www.aletihad.ae\/news\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A\/4497008\/-%D9%85%D8%B7%D8%A7%D8%B1-%D8%A7%D9%84%D8%B4%D8%A7%D8%B1%D9%82%D8%A9--%D9%88-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%84%D9%84%D8%B7%D9%8A%D8%B1%D8%A7%D9%86--%D9%8A%D8%AF%D8%B4%D9%86%D8%A7%D9%86-%D8%B1%D8%AD%D9%84%D8%A7%D8%AA-%D9%85%D8%A8%D8%A7%D8%B4%D8%B1%D8%A9-%D8%A5%D9%84%D9%89-%D9%85%D8%B7\" style=\"\" rel=\"noopener\">Al Etihad<\/a>. The first of these flights took off last week to Athens International Airport. The new line will operate four flights weekly, with more to be added in the future.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.writerrelocations.com\/\" style=\"\" rel=\"noopener\">Writer Relocations<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/privatejetcharter.com\/\" style=\"\" rel=\"noopener\">Private Jet Charter<\/a><\/strong><strong> have partnered to enhance relocation <\/strong><strong>services <\/strong>for high-profile clients in the GCC, <a target=\"_blank\" href=\"https:\/\/www.tradearabia.com\/news\/TTN_423657.html\" style=\"\" rel=\"noopener\">Trade Arabia<\/a> reports. Writer Relocations will handle the logistics, while Private Jet Charter provides private flights.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/pharmaceuticals\/\">pharmaceuticals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/roads-and-transport-authority\/\">Roads and Transport Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93392\" 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=\"93392\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/bis-warns-against-slashing-interest-rates-too-soon\/\">\r\n                            BIS warns against slashing interest rates too soon                        <\/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\/07\/01\/bis-warns-against-slashing-interest-rates-too-soon\/\" 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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Despite signs that the global economy is headed towards \u201csmooth landing\u201d with cooling inflation and steady growth, the BIS says central banks need to set a \u201chigh bar\u201d for easing policies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Central banks around the world are preparing to ease monetary tightening policies this year. <\/strong>The European Central Bank got the ball rolling with a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e8b81fc7-fbac-4932-859e-d91466bc6604\/today%25e2%2580%2599s-rate-cuts-could-revive-the-eu%25e2%2580%2599s-economy,-but-the-path-forward-is-murky\" style=\"\" rel=\"noopener\">25 bps rate cut<\/a> last month, ahead of the US Federal Reserve, which is set to start cutting rates by September. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cA premature easing could reignite inflationary pressures and force a costly policy reversal<\/strong> \u2014 all the costlier because credibility would be undermined,\u201d BIS General Manager Agust\u00edn Carstens said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Central banks should keep an eye on potential risks like high public debt and falling commercial property values<\/strong>, as well as inflation spikes in service prices and wages, Carstens said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Service prices relative to core goods remain lower than pre-pandemic levels<\/strong>, while real wages have yet to keep up with higher costs \u2014 but a reversion of these trends that happens too fast will only spur inflation. <strong>The BIS estimates that catching up on lost purchasing power could raise inflation by up to 1.5% in major Eurozone economies by 2026. <\/strong><\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed this morning<\/strong>, with the Nikkei and Kospi in the green and the ASX 200 and Shanghai Composite in the red. Markets are closed in Hong Kong this morning for a national holiday. Futures suggest US equities will start the trading week in the green, as will most major European benchmarks. <strong>The exception: France<\/strong>, where the CAC 40 looks set to come under selling pressure at the opening bell as investors digest the far-right Rassemblement National\u2019s strong showing in the first phase of parliamentary elections. <\/p>\n<p><a target=\"_blank\" id=\"t.d8a768186a6ac1ad06c796827236b74d271f2949\" 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\">9,061<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: -5.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,030<\/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: -0.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,485<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: -9.3%)<\/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-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.9% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.5% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,680<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: -2.4%)<\/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\">27,766<\/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\">1.0% (YTD: +11.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,460<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +14.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,164<\/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-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,894<\/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: +8.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 85.0<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-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>Natural gas (Nymex)<\/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 2.60<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 2,340<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 61,974<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.7% (YTD: +47.4%)<\/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 ADX rose 0.6% yesterday<\/strong> on turnover of AED 1.7 bn. The index is down 5.4% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Abu Dhabi National Ins. Company (+12.4%), Union Ins. Company (+8.3%) and Taqa (+7.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Rapco Investment (-9.8%), Commercial Bank International (-4.8%) and Emirates Stallions Group (-4.8%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index closed up 0.5% on turnover of AED 709.8 mn. Meanwhile Nasdaq Dubai closed up 0.7%.<\/p>\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SCA greenlights Apex-IHC Real Estate share swap:<\/strong> IHC Real Estate is set to finalize the acquisition of nearly 155 mn shares \u2014 equivalent to less than a 0.3% stake \u2014 in Abu Dhabi investment firm <a target=\"_blank\" href=\"https:\/\/qholding.com\/\" style=\"\" rel=\"noopener\">Q Holding<\/a> via a share swap with IHC subsidiary <a target=\"_blank\" href=\"https:\/\/apexholding.ae\/en\/\" style=\"\" rel=\"noopener\">Apex Investment<\/a> today, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/6\/1849.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. This comes after the Securities and Commodities Authority (SCA) approved the transaction on Saturday. Apex will obtain some 29.5 mn shares of equal value held by IHC Capital in the investment holding company <a target=\"_blank\" href=\"https:\/\/alphadhabi.com\/home\/\" style=\"\" rel=\"noopener\">Alpha Dhabi<\/a> in return. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Apex Investment\u2019s board <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/6\/1848.pdf\" style=\"\" rel=\"noopener\">approved the sale (pdf)<\/a> in April. IHC Real Estate currently owns 32.3% of Q Holding after transferring 49% of its stake to Q Holding in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/80677ede-8a02-4dcb-a25d-05577d22ffe7\/investors-are-still-loving-gulf-ipos#:~:text=IHC%20now%20owns,its%20trade%20name.\" style=\"\" rel=\"noopener\">February<\/a>, according to the ADX. Meanwhile, IHC Capital holds a 76.14% stake in Alpha Dhabi. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93394\" 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=\"93394\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/01\/us-uae-look-to-increase-trade-and-uae-georgia-ink-economic-agreement\/\">\r\n                            US + UAE look to increase trade, and UAE, Georgia ink economic agreement                        <\/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\/07\/01\/us-uae-look-to-increase-trade-and-uae-georgia-ink-economic-agreement\/\" 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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Al Zeyoudi urged American investors, startups and entrepreneurs to explore investments in the UAE, and encouraged the exchange of knowledge between the two sides in artificial intelligence, data analytics and sustainable technologies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE and Georgia ink an economic partnership:<\/strong> The UAE signed an economic agreement with Georgia, according to a Linkedin <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/ministry-of-economy-uae_aepaesaenaetaepaezaepaesabraeuaewaezaeuaeyaep-activity-7212016682632974336-pub6?utm_source=share&amp;utm_medium=member_desktop\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement aims to expand the non-oil bilateral trade between both countries to USD 1.5 bn annually by reducing customs on 95% of products within the next five years, up from USD 511.2 mn currently. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>First Lady of the Philippines visits Abu Dhabi: <\/strong>The Philippines\u2019 First Lady Liza Araneta-Marcos met with Emirati First Lady Sheikha Salama bint Hamdan Al Nahyan in Abu Dhabi on Friday, where the two discussed avenues of cooperation between the two countries, particularly in the fields of arts and culture, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b3w5sex-salama-bint-hamdan-nahyan-receives-first-lady\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Araneta-Marco also met with a delegation from the Abu Dhabi Investment Authority<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.gmanetwork.com\/news\/topstories\/nation\/911679\/liza-marcos-meets-with-investment-energy-authorities-in-abu-dhabi\/story\/#goog_rewarded\" style=\"\" rel=\"noopener\">GMA Integrated News<\/a>, in the presence of the president of Maharlika Investment, a Philippines-owned firm that manages the country\u2019s sovereign wealth fund, Rafael Consing Jr.. Marcos also sat down with officials from the Emirates Nuclear Energy Corporation to discuss the UAE\u2019s efforts to invest in clean energy.<\/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\/artificial-intelligence\/\">artificial intelligence<\/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\/emirates-nuclear-energy-corporation\/\">Emirates Nuclear Energy Corporation<\/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=\"93396\" 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\/07\/01\/93396-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93396\" class=\"content-area-description single-story post-93396 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;\">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;\">8 July (Monday): 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\">AUGUST<\/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;\">3 August (Saturday): UFC Fight Night, Etihad arena, Abu Dhabi.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">21-22 August (Wednesday-Thursday): Dubai Business Forum in Beijing, China.<\/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 mid-August:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">New regulations around telemarketing calls will go into effect<\/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;\">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;\">15 October (Tuesday): Deadline for the European Commission to make a decision on its probe into e&\u2019s acquisition of PPF\u2019s Eastern European assets. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">24-27 October (Thursday-Sunday): International Sports Medicine Conference, 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;\">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:400;\">29 October - 2 November (Tuesday-Saturday): Abu Dhabi Early Childhood Week, 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\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-7 November (Wednesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/?utm_source=social-internal&utm_medium=twitter&utm_term=&utm_content=vis%202406&utm_campaign=mari%202406\" style=\"\">ADIPEC<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4-7 November (Wednesday-Saturday): 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;\">4-7 November (Wednesday-Saturday): 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>18-20 November (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fastmarkets.com\/events\/middle-east-iron-steel\/\" style=\"\">Fastmarkets Middle East Iron & Steel 2024<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-22 November (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adnec.ae\/en\/eventlisting\/xpanse-2024\" style=\"\">Xpanse Abu Dhabi<\/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>23 November (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wirelessfestival.me\/\" style=\"\">Wireless Festival Middle East<\/a><\/span><span style=\"font-weight:400;\">, Etihad Park, 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\">Signposted to happen ahead of ADIPEC: <\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Changemakers Majlis, Abu Dhabi. <\/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;\">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 style=\"font-weight:400;\">8-12 December (Sunday-Thursday): International Desalination and Reuse Association World Congress, 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>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;\">9-12 December (Saturday-Thursday): Abu Dhabi Finance Week, 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;\">OCTOBER 2025 <\/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 October (Monday-Wednesday): Asia Pacific Cities Summit, Dubai Exhibition Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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 in 2025:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">6-11 April (Sunday-Friday): Geo-Spatial Week 2025, Dubai.<\/span><\/li>\n<li><span style=\"font-weight:400;\">3-4 June (Tuesday-Wednesday): Make-A-Wish International\u2019s Global Wish summit, Abu Dhabi.<\/span><\/li>\n<li><span style=\"font-weight:400;\">TBD: The Middle East Electric Vehicle Show, Expo Center Sharjah. <\/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 reduces stake in Colombia gold project | Fuel prices down in July | Ajman\u2019s GDP up 6.25% in 2023<\/p>\n","protected":false},"featured_media":93375,"menu_order":0,"template":"","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-93374","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"8d8dc5b3-5386-4469-822d-2f5a9a64b93d","teaser":"Mubadala reduces stake in Colombia gold 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