{"id":93554,"date":"2024-07-05T00:00:00","date_gmt":"2024-07-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=93554"},"modified":"2025-12-15T00:47:11","modified_gmt":"2025-12-15T00:47:11","slug":"alpha-data-eyes-usd-200-mn-ipo","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/alpha-data-eyes-usd-200-mn-ipo\/","title":{"rendered":"Alpha Data eyes USD 200 mn IPO"},"content":{"rendered":"<section id=\"93556\" 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=\"93556\">\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\/05\/adia-to-join-in-on-one-of-the-biggest-ma-transactions-in-europe-this-year\/\">\r\n                            THIS MORNING: Adia to join in on one of the biggest M&amp;A transactions in Europe this year?                        <\/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\/05\/adia-to-join-in-on-one-of-the-biggest-ma-transactions-in-europe-this-year\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/138.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93557\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/adia-to-join-in-on-one-of-the-biggest-ma-transactions-in-europe-this-year\/138-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/138.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"138.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/138.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/138.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93556\" class=\"content-area-description single-story post-93556 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-abu-dhabi-investment-authority tag-alterra tag-automotive tag-dubai tag-ma-watch tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.a175ec05-8917-4a0f-882d-5bc80fb976a4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and happy FRIDAY. <\/strong>We\u2019re wrapping what has been an exceptionally slow news week \u2014 characteristic of the July-August summer lull \u2014 with another short but interesting issue. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY today is news of another potential IPO on the ADX<\/strong>, this time courtesy of Alpha Data, which is looking at potentially raising USD 200 mn and has tapped banks to pull the trigger. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- We\u2019re in for a sunny and warm couple of days<\/strong>, with the mercury hitting 40\u00b0C in Dubai today and 41\u00b0C tomorrow, with overnight lows of 32-33\u00b0C. <strong>Abu Dhabi <\/strong>will see the mercury peak at 36\u00b0C today and 38\u00b0C tomorrow, with an overnight low of 32\u00b0C.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1-<\/strong> <strong>Adia could join Advent to acquire Sanofi consumer health unit:<\/strong> The Abu Dhabi Investment Authority (Adia) has been approached by US-based private equity firm Advent International to back its bid for French pharma firm Sanofi\u2019s USD 20 bn consumer health unit, anticipated to be among Europe\u2019s largest transactions this year, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-03\/bain-cinven-said-to-weigh-joint-bid-for-20-billion-sanofi-unit\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people familiar with the matter. Other bidders, including American private equity firm Bain Capital and UK-based Cinven, are expected to submit initial offers by mid-July. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adia and Advent are buddying up:<\/strong> The Abu Dhabi sovereign wealth fund joined Advent in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ec986dcc-5985-4770-9ee6-7fa85e296605\/adia-%2B%253cmark%253e-advent%253c%2Fmark%253e-international-to-snag-minority-stake-in-fisher-investments'\" style=\"\" rel=\"noopener\">June<\/a> to acquire a minority stake in Texas-based wealth management firm Fisher Investments, which valued the firm at USD 12.75 bn.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- UAE's Alterra climate fund is actively pursuing more investments:<\/strong> The UAE\u2019s USD 30 bn climate fund Alterra is gearing up for its next round of investments as it looks to make the UAE a \u201cSilicon Valley\u201d for innovation and investment in climate solutions, CEO Majid Al Suwaidi told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-03\/uae-s-30-billion-alterra-fund-readies-new-round-of-allocations?srnd=green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> in an interview. Having secured USD 6.5 bn in investments with BlackRock, TPG, and Brookfield Asset Management last year, Alterra is now planning further allocations, Al Suwaidi said, without naming any participants nor did he specify a date for future announcements. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the fund: <\/strong>The USD 30 bn vehicle was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5a140494-3cc3-4394-ae03-46059c4e63e8\/brookfield-wants-to-drum-up-usd-5-bn-for%253cmark%253e-alterra%253c%2Fmark%253e-backed-climate-fund\" style=\"\" rel=\"noopener\">launched last year<\/a> to increase climate funding for the Global South, with an initial USD 1 bn investment from the UAE. Alterra <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6d125e4f-fe69-45f4-a5d0-8ae1a99c6ab4\/\" style=\"\" rel=\"noopener\">recently said<\/a> it will direct an extra USD 200 bn to investments over the next six years, after saying it aims to mobilize USD 250 bn in green investments by 2030. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a><strong> #3- DP World will build a 20 mn sqft car market \u2014 set to be the largest in the world \u2014 in <\/strong><strong>Dubai<\/strong>, Deputy Ruler of Dubai Sheikh Maktoum Bin Mohammed said in a <a target=\"_blank\" href=\"https:\/\/x.com\/MaktoumMohammed\/status\/1808842227067858948\" style=\"\" rel=\"noopener\">post<\/a> on X. The market will provide government and banking services for automotive players, connect to 77 global markets via DP World's network, and host major automotive events and conferences. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MORE FROM DP WORLD- The logistics giant is eyeing investments in Thailand:<\/strong> DP World is considering investing in Thailand\u2019s logistics sector, including the mega <a target=\"_blank\" href=\"https:\/\/www.centralretaillogistics.com\/en\/newsroom\/53\/thailand-mega-project-land-bridge\" style=\"\" rel=\"noopener\">Land Bridge project<\/a> currently under development, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-07-04-1.4899396\" style=\"\" rel=\"noopener\">Al Bayan<\/a> reported. The two sides discussed the potential investments during a visit by DP World CEO Sultan Ahmed bin Sulayem and an accompanying high-level delegation to the Southeast Asian country. The delegation met with Thai Prime Minister Srettha Thavisin as well as Deputy Prime Minister and Transport Minister Suriya Jungrungreangkit, according to bin <a target=\"_blank\" href=\"https:\/\/x.com\/ssulayem\/status\/1808512815218520101?s=46&amp;t=eQkyOOTe-J3UW1b7k5d2xA\" style=\"\" rel=\"noopener\">Sul<\/a><a target=\"_blank\" href=\"https:\/\/x.com\/ssulayem\/status\/1808512815218520101?s=46&amp;t=eQkyOOTe-J3UW1b7k5d2xA\" style=\"\" rel=\"noopener\">ayem<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#4- More air travel with China?<\/strong> The UAE and China are exploring potentially ramping up bilateral air traffic after years of stagnation, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-04\/china-uae-said-in-talks-to-increase-flights-between-two-nations\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. citing people familiar with the matter. Officials will meet in Beijing in the coming weeks to discuss increasing flights beyond the current 56 per week per country ceiling, although no specific increase has been determined yet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who benefits:<\/strong> Emirates, currently operating its maximum of 35 weekly flights to China, stands to benefit significantly, alongside China Southern Airlines, which flies to the UAE 20 times per week. <\/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>The Finance Ministry\u2019s Treasury Sukuk auction for 3Q 2024 was oversubscribed <\/strong><strong>6.1x<\/strong>, with some AED 6.76 bn in bids received from eight local banks, the ministry <a target=\"_blank\" href=\"https:\/\/x.com\/MOFUAE\/status\/1808477403045302752\" style=\"\" rel=\"noopener\">said<\/a> on X. The yield-to-maturity of the three-year tranche was set at 4.77%, and 4.43% on the five-year tranche, marking a tightening of 1-3 basis points over US treasuries from maturity at the time of auction. <\/p>\n<p class=\"tag-border-left\">OIL WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OPEC+ is urging its members to make up for breaching supply quotas in an effort to <\/strong><strong>stabilize global oil markets, <\/strong>but there is little evidence that members are complying, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-04\/opec-oil-production-cheats-show-little-sign-of-making-compensation-cuts\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing recent production data. Iraq and Kazakhstan are two countries that have yet to deliver on the promised additional cuts to offset their earlier overproduction, the data shows.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> Introduced in <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-14\/opec-may-temper-supply-restart-with-extra-oil-cuts-from-cheats\" style=\"\" rel=\"noopener\">2020<\/a>, the overproduction compensation scheme was put in place to pressure members that exceed their production quotas to make extra compensation cuts in subsequent months equivalent to the excess output. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER<\/strong>- In <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/54d158d4-5a72-498f-9604-196685f72a65\/%253cmark%253eopec%253c%2Fmark%253e%2B-extends-supply-cuts,-granting-the-uae-a-higher-production-quota-for-2025\" style=\"\" rel=\"noopener\">June<\/a>, Opec+ decided to extend most of their crude oil production cuts well into 3Q 2024. The alliance will keep in place current production cuts of 3.66 mn barrels per day (bbl \/ d) until the end of this September, before beginning to phase out the cuts of 2.2 mn bbl \/ d over the course of a year from October 2024 to September 2025. <\/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>All eyes are on the UK elections<\/strong>, as the Labour party is set for a landslide victory while the Conservative party \u2014 in power for the past 14 years \u2014 is likely seeing the lowest number of seats in its history, according to the exit poll.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Labour party\u2019s victory would make 61-year old human rights lawyer Keir Starmer the country\u2019s new prime minister.<\/strong> Analysts peg him as <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/07\/04\/world\/europe\/keir-starmer-uk.html\" style=\"\" rel=\"noopener\">\u201crelatively prime-ministerial\u201d<\/a> but lacking in charisma, though his <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/07\/04\/who-is-labours-keir-starmer-the-likely-new-leader-of-britain.html\" style=\"\" rel=\"noopener\">pro-business, pro-reforms<\/a> approach likely clinched his party\u2019s victory. The Guardian has an <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/politics\/2024\/feb\/21\/the-hidden-life-of-keir-starmer\" style=\"\" rel=\"noopener\">in-depth profile<\/a> of his life and career, while the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5b00c44c-8808-4443-a0e5-f0fb57b9ebec\" style=\"\" rel=\"noopener\">Financial Times<\/a> has a deep-dive on what\u2019s on the party\u2019s agenda once it is in power (chief among them is potentially the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/790396e2-3601-41ad-ba4b-894047b36d4d\" style=\"\" rel=\"noopener\">biggest government shake-up in decades<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OVER IN THE US- More names are being thrown in the ring by Democrats<\/strong> looking to push Joe Biden out of the race. Two top donors have suggested Michigan governor Gretchen Whitmer and California governor Gavin Newsom as front-runners, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6d9e121a-b493-4305-8016-f43fb381552f\" style=\"\" rel=\"noopener\">Financial Times<\/a> says, as pressure mounts for new candidates with strong backing to be at the ready to replace Biden, whose candidacy is seen as \u201cdoomed\u201d even by his campaigners and friends. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CLOSER TO HOME- The US is saying there is a \u201csignificant opening\u201d to secure a permanent ceasefire agreement between Israel and Hamas<\/strong>, with a senior official saying Biden had a \u201cbreakthrough on a critical impasse\u201d with Israeli Prime Minister Benjamin Netenyahu during a 30-minute phone call yesterday, according to the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/dd24ea08-73d2-4741-8104-58eea641351c\" style=\"\" rel=\"noopener\">FT<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yes, but: <\/strong>The agreement will likely take longer than just a few days, and it wouldn\u2019t be the first one to advance before getting stalled due to disputes on terms like hostage release and aid. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other interesting reads this morning: <\/strong><\/p>\n<ul>\n<li><strong>Microsoft Surface Pro claims to be \u201cdesigned for AI\u201d <\/strong>\u2014 but <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/07\/04\/microsoft-surface-pro-11-review-app-compatibility-battery-life-shine.html\" style=\"\" rel=\"noopener\">CNBC<\/a> \u2019s Jordan Novet says it has a long way to go.<\/li>\n<li><strong>Short-traders lost some USD 3.5 bn in two days due to the rally in Tesla\u2019s stocks<\/strong> following a better-than-expected deliveries report. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/07\/04\/tesla-short-sellers-lost-3point5-billion-in-two-days-after-q2-deliveries.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p 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>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/mbrif.ae\/\" style=\"\" rel=\"noopener\">Mohammed bin Rashid Innovation Fund<\/a><\/strong><strong> is now accepting applications for <\/strong><strong>the 9th cohort of its innovation accelerator<\/strong>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/ar\/article\/b3zq5xt-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D9%85%D8%AD%D9%85%D8%AF-%D8%A8%D9%86-%D8%B1%D8%A7%D8%B4%D8%AF-%D9%84%D9%84%D8%A7%D8%A8%D8%AA%D9%83%D8%A7%D8%B1-%D9%8A%D9%81%D8%AA%D8%AD-%D8%A8%D8%A7%D8%A8-%D8%A7%D9%84%D8%A7%D9%84%D8%AA%D8%AD%D8%A7%D9%82\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Startups with innovations in the tech, education, healthcare, space, water, clean energy, and transport can apply to gain access to a network of potential investors and entrepreneurs in the region, along with support packages and mentorship. Applications can be submitted online <a target=\"_blank\" href=\"https:\/\/cognistreamer.eu.auth0.com\/login?state=hKFo2SAteXVxbGhYVC1SUXJpV282djk0a1Nrby1VeWVjMWV5SaFupWxvZ2luo3RpZNkgUU1TbmZSQ1RXbHhRWHNaMUVaZ1cwOVRTOG9rZzFMOEujY2lk2SA3b0NzRDlGZzJWYjNRcHhhbTcwMU13aWhPdHVCMlB1Zg&amp;client=7oCsD9Fg2Vb3Qpxam701MwihOtuB2Puf&amp;protocol=oauth2&amp;redirect_uri=https%3A%2F%2Fmbrif.cognistreamer.com%2Fauth%2Fcallback&amp;response_type=code%20id_token&amp;scope=openid%20email%20profile%20offline_access&amp;response_mode=form_post&amp;nonce=638556990235183165.MjY1Y2Y4OGYtYzFiOC00MGUzLWFlODctYjI1ZTZlYmRhYzVkNDc2MjM2YmYtYjdkMC00NjJlLWIzYzYtMDZmNmEyZWY3NmFj&amp;device=mbrif.cognistreamer.com&amp;x-client-SKU=ID_NET8_0&amp;x-client-ver=7.4.1.0\" style=\"\" rel=\"noopener\">here<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aimsummit.com\/event\/dubai\/summary\" style=\"\" rel=\"noopener\">Alternative investment Summit<\/a><\/strong><strong> is set to take place on 21-22 October <\/strong>in Jumeirah Emirates Towers. The event is organized by AIM summit global and will bring together key decision makers and professionals interested in the alternative investment space.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wges.ae\/\" style=\"\" rel=\"noopener\">World Green Economy Summit<\/a><\/strong><strong> will be held on 2-3 October at the Dubai World <\/strong><strong>Trade Center<\/strong>. The summit will bring together stakeholders and decision-makers in energy, economy, climate change, and green finance. <\/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\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\/alterra\/\">Alterra<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93558\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section 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\r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93559\" 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=\"93559\">\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\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/abu-dhabis-alpha-data-mulls-usd-200-mn-ipo\/\">\r\n                            Abu Dhabi\u2019s Alpha Data mulls USD 200 mn IPO                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" 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<div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/abu-dhabis-alpha-data-mulls-usd-200-mn-ipo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93560\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/abu-dhabis-alpha-data-mulls-usd-200-mn-ipo\/851-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"851.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93559\" class=\"content-area-description single-story post-93559 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-adx tag-capital-markets tag-enterpriseam-uae tag-ipo tag-ipo-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.872b486c-a49d-475a-9ed0-4b144f39aef7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Alpha Data mulls IPO:<\/strong> IT services firm <a target=\"_blank\" href=\"https:\/\/www.alpha.ae\/\" style=\"\" rel=\"noopener\">Alpha Data<\/a> is reportedly planning to raise around USD 200 mn through an upcoming IPO on the ADX as soon as this year, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-04\/abu-dhabi-ipo-uae-it-services-firm-alpha-data-plans-initial-share-sale\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources familiar with the matter. The Abu Dhabi-based company tapped EFG Hermes and Emirates NBD Capital to advise on the potential share sale. Specifics such as the size of the sale are still preliminary and subject to change, the unnamed sources indicated.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The ADX could see a number of blockbuster IPOs this year: <\/strong><span style=\"background-color: transparent;\">The exchange could see the Gulf\u2019s first airline IPO, courtesy of <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c51b4ea9-069c-433b-a44a-d91139d4417f\" rel=\"noopener\">Etihad Airways<\/a><span style=\"background-color: transparent;\">, which has already tapped advisors for the sale, alongside supermarket chain <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fa864923-b630-428a-8983-899370e1ccb4\/lulu-moves-forward-with-planned-ipo\" rel=\"noopener\">LuLu group<\/a><span style=\"background-color: transparent;\">. Edtech firm Alef Education is so far the ADX\u2019s only IPO of the year, <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8f0fda5b-4767-467e-a4af-d1219b067b0e\/abu-dhabi%25e2%2580%2599s-first-ipo-in-2024-tumbles-18%2525-on-market-debut\" rel=\"noopener\">raising AED 1.89 bn<\/a><span style=\"background-color: transparent;\"> \u2014 making it the biggest this year \u2014 but seeing a lackluster debut with shares falling 18% on its first day of trading.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Analysts are optimistic about the IPO momentum<\/strong>, with EFG Hermes\u2019 head of equity capital markets, Ali Khalpey, telling <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-04\/gulf-ipo-pipeline-extremely-active-efg-hermes-ecm-head-says?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> he expects more to come this year, particularly from the private sector. Private-sector IPOs will likely range between USD 300 mn to USD 500 mn in the GCC this year, though government listings will be larger, he added. Dominant sectors include e-commerce and IT, Khalpey said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Khalpey says it\u2019s only a matter of time for Alef Education\u2019s stock to rise back up.<\/strong> \u201cWe\u2019ve definitely pushed the valuation boundaries when it came to both these IPOs,\u201d he said. \u201cIt takes time for people to appreciate the business models that these companies have.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adx\/\">ADX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"93561\" 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=\"93561\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/adnoc-secures-usd-3-bn-green-finance-facility-from-jbic\/\">\r\n                            Adnoc secures USD 3 bn green finance facility from JBIC                        <\/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\/05\/adnoc-secures-usd-3-bn-green-finance-facility-from-jbic\/\" 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\/05\/adnoc-secures-usd-3-bn-green-finance-facility-from-jbic\/')\">\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\/05\/adnoc-secures-usd-3-bn-green-finance-facility-from-jbic\/\">\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 secures USD 3 bn green finance facility from JBIC&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/adnoc-secures-usd-3-bn-green-finance-facility-from-jbic\/\">\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\/05\/adnoc-secures-usd-3-bn-green-finance-facility-from-jbic\/&title=Adnoc secures USD 3 bn green finance facility from JBIC\">\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+secures+USD+3+bn+green+finance+facility+from+JBIC+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F05%2Fadnoc-secures-usd-3-bn-green-finance-facility-from-jbic%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\/05\/adnoc-secures-usd-3-bn-green-finance-facility-from-jbic\/\">\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=\"93562\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/adnoc-secures-usd-3-bn-green-finance-facility-from-jbic\/163-jpg-16\/\" 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-93561\" class=\"content-area-description single-story post-93561 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-adnoc tag-debt-watch tag-energy tag-enterpriseam-uae tag-renewables 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\/.ea91a412-b0de-45a6-ac00-d2d917cc6128.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Adnoc receives USD 3 bn green finance facility from JBIC:<\/strong> The Abu Dhabi National Oil Company (Adnoc) secured a USD 3 bn green finance loan from the Japan Bank for International Cooperation (JBIC), according to a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-and-jbic-sign-3-billion-green-financing-agreement\" style=\"\" rel=\"noopener\">press release<\/a>. The oil giant had <a target=\"_blank\" href=\"https:\/\/www.jbic.go.jp\/en\/information\/press\/press-2023\/press_00165.html\" style=\"\" rel=\"noopener\">signed<\/a> a heads of agreement with the bank in January for the facility. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Where will the money go?<\/strong><span style=\"background-color: transparent;\"> The proceeds will support Adnoc\u2019s decarbonization efforts and green initiatives, according to the statement. It will also help boost collaboration between Adnoc and Japanese companies, the bank <\/span><a target=\"_blank\" href=\"https:\/\/www.jbic.go.jp\/en\/information\/press\/press-2024\/press_00040.html\" rel=\"noopener\">said<\/a><span style=\"background-color: transparent;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc has big decarbonization ambitions: <\/strong>The company is angling to achieve net-zero emissions by 2045, and is investing some AED 84.4 bn to decarbonize operations. Some USD 15 bn is <a target=\"_blank\" href=\"https:\/\/www.jbic.go.jp\/en\/information\/press\/press-2024\/press_00040.html\" style=\"\" rel=\"noopener\">allocated<\/a> to advance green projects by 2030. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/renewables\/\">renewables<\/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=\"93563 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=\"93563\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/93563-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93563\" class=\"content-area-description single-story post-93563 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\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=\"93564\" 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=\"93564\">\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\">DISPUTE WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/es-moroccan-subsidiary-set-to-pay-aed-2-3-bn-for-anticompetitive-practices\/\">\r\n                            e&amp;\u2019s Moroccan subsidiary set to pay AED 2.3 bn for alleged anticompetitive practices                        <\/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\/05\/es-moroccan-subsidiary-set-to-pay-aed-2-3-bn-for-anticompetitive-practices\/\" 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\/05\/es-moroccan-subsidiary-set-to-pay-aed-2-3-bn-for-anticompetitive-practices\/')\">\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\/05\/es-moroccan-subsidiary-set-to-pay-aed-2-3-bn-for-anticompetitive-practices\/\">\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=e&#038;\u2019s Moroccan subsidiary set to pay AED 2.3 bn for \u201canticompetitive practices\u201d&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/es-moroccan-subsidiary-set-to-pay-aed-2-3-bn-for-anticompetitive-practices\/\">\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\/05\/es-moroccan-subsidiary-set-to-pay-aed-2-3-bn-for-anticompetitive-practices\/&title=e&#038;\u2019s Moroccan subsidiary set to pay AED 2.3 bn for \u201canticompetitive practices\u201d\">\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=e%26%23038%3B%E2%80%99s+Moroccan+subsidiary+set+to+pay+AED+2.3+bn+for+%E2%80%9Canticompetitive+practices%E2%80%9D+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F05%2Fes-moroccan-subsidiary-set-to-pay-aed-2-3-bn-for-anticompetitive-practices%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\/05\/es-moroccan-subsidiary-set-to-pay-aed-2-3-bn-for-anticompetitive-practices\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1978.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93565\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/es-moroccan-subsidiary-set-to-pay-aed-2-3-bn-for-anticompetitive-practices\/1978-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1978.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1978.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1978.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1978.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93564\" class=\"content-area-description single-story post-93564 post type-post status-publish format-standard has-post-thumbnail hentry category-dispute-watch tag-dispute-watch tag-e tag-enterpriseam-uae tag-telecoms 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\/.d9cc16f8-e78f-47ee-a8db-1c699be1128e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>e&amp;\u2019s Moroccan subsidiary could pay some AED 2.3 bn in antitrust case: <\/strong>The Court of Appeals of Casablanca rejected an appeal from e&amp; subsidiary <a target=\"_blank\" href=\"https:\/\/www.iam.ma\/index.aspx\" style=\"\" rel=\"noopener\">Maroc Telecom<\/a> in an antitrust case, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/378.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The decision upholds an order by the Commercial Court of Rabat for the company to pay MAD 6.3 bn (AED 2.3 bn) to competitor <a target=\"_blank\" href=\"https:\/\/www.inwi.ma\/\" style=\"\" rel=\"noopener\">Inwi<\/a> over \u201calleged anti-competitive practices.\u201d e&amp; holds majority stakes in Maroc Telecom at 53% shares, while the Moroccan government holds a 22% stake.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Background:<\/strong><span style=\"background-color: transparent;\"> The case was originally brought forward by Inwi in 2021 over Maroc Telecom abusing its position in the market, <\/span><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/media-telecom\/court-tells-maroc-telecom-pay-636-mln-inwi-antitrust-case-2024-01-29\/\" rel=\"noopener\">Reuters<\/a><span style=\"background-color: transparent;\"> reported in January, without elaborating. The company was previously fined MAD 3.3 bn in 2020 by Moroccan telecommunications regulator ANRT for limiting competitors' access to their network infrastructure.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>e&amp; said it will \u201cexhaust all legal options to challenge the impact of the court decision.\u201d <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dispute-watch\/\">dispute watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/e\/\">e&amp;<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/telecoms\/\">telecoms<\/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=\"93566\" 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=\"93566\">\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\/05\/ad-ports-taps-mohamed-alsuwaidi-as-new-chairman-united-hospitality-management-has-a-new-vp-of-operations\/\">\r\n                            AD Ports taps Mohamed Alsuwaidi as new chairman + United Hospitality Management has a new VP of operations                        <\/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\/05\/ad-ports-taps-mohamed-alsuwaidi-as-new-chairman-united-hospitality-management-has-a-new-vp-of-operations\/\" 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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Alsuwaidi is currently the UAE\u2019s investment minister, as well as the CEO of sovereign wealth fund ADQ. He holds board positions at several state-owned firms, including Abu Dhabi Airports, Aldar Properties, Emirates Nuclear Energy Corporation, PureHealth, and Adnoc Gas. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>United Hospitality Management <\/strong>appointed <strong>Anthony E Wright<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/anthony-wright-17861249\/\" style=\"\" rel=\"noopener\">Linkedin<\/a>) as its new vice president of operations, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/people-in-the-news\/united-hospitality-management-welcomes-anthony-e-wright-as-vice-president-of-operations-xrtbe4rl\" style=\"\" rel=\"noopener\">statement<\/a>. Wright brings over two decades of hospitality experience to the company, having previously held leadership positions at Intercontinental Hotel Group, Hilton, Millennium Hotels, and Centara Hotels. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ad-ports\/\">AD Ports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"93568\" 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=\"93568\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/abu-dhabis-sovereign-wealth-fund-adq-listed-its-usd-2-5-bn-bonds-on-adx\/\">\r\n                            Abu Dhabi\u2019s sovereign wealth fund ADQ listed its USD 2.5 bn bonds on ADX                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/abu-dhabis-sovereign-wealth-fund-adq-listed-its-usd-2-5-bn-bonds-on-adx\/\" 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\/05\/abu-dhabis-sovereign-wealth-fund-adq-listed-its-usd-2-5-bn-bonds-on-adx\/')\">\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\/05\/abu-dhabis-sovereign-wealth-fund-adq-listed-its-usd-2-5-bn-bonds-on-adx\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Abu Dhabi\u2019s sovereign wealth fund ADQ listed its USD 2.5 bn bonds on ADX&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/abu-dhabis-sovereign-wealth-fund-adq-listed-its-usd-2-5-bn-bonds-on-adx\/\">\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\/05\/abu-dhabis-sovereign-wealth-fund-adq-listed-its-usd-2-5-bn-bonds-on-adx\/&title=Abu Dhabi\u2019s sovereign wealth fund ADQ listed its USD 2.5 bn bonds on ADX\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Abu+Dhabi%E2%80%99s+sovereign+wealth+fund+ADQ+listed+its+USD+2.5+bn+bonds+on+ADX+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F05%2Fabu-dhabis-sovereign-wealth-fund-adq-listed-its-usd-2-5-bn-bonds-on-adx%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\/05\/abu-dhabis-sovereign-wealth-fund-adq-listed-its-usd-2-5-bn-bonds-on-adx\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2147.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93569\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/abu-dhabis-sovereign-wealth-fund-adq-listed-its-usd-2-5-bn-bonds-on-adx\/2147-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2147.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2147.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2147.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2147.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93568\" class=\"content-area-description single-story post-93568 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-adq tag-also-on-our-radar tag-banking tag-construction tag-debt tag-dispute-watch tag-e tag-energy tag-enterpriseam-uae tag-fintech tag-investment tag-logistics tag-telecoms 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\/.37f649f7-2218-4fed-a16d-22dafc3a9b4c.mp3\"><\/audio><\/figure><p class=\"tag-border-left\"> DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi\u2019s sovereign wealth fund ADQ listed its USD 2.5 bn bonds on ADX <\/strong>in a secondary listing, following its maiden dual tranche listing on the London Stock Exchange (LSE) in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ad6baf1a-7061-416a-8289-f0a45370d103\/%253cmark%253eadq%253c%2Fmark%253e-makes-its-usd-2.5-bn-bond-debut-on-the-lse\" style=\"\" rel=\"noopener\">April<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/adq-completes-secondary-listing-of-inaugural-us25bn-bond-issuance-on-abu-dhabi-securities-exchange\/\" style=\"\" rel=\"noopener\">statement<\/a>. The issuance was 4.4x oversubscribed, receiving over USD 11 bn in orders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> Comprising two tranches \u2014 a five-year USD 1.25 bn tranche and a 10-year USD 1.25 bn tranche \u2014 the issuance attracted broad institutional interest across Asia, the US, the Middle East, the UK, and Europe. The proceeds will be used to expand ADQ\u2019s investments and growth capital in key sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong> <strong>Jebel Ali-Ningbo maritime routes to get a boost:<\/strong> Emirati port operator and logistics giant DP World partnered with China\u2019s Zhejiang Seaport Group to expand port logistics and shipping routes between Jebel Ali Port in Dubai and Ningbo-Zhoushan Port in China, according to a <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/uae\/news\/releases\/dp-world-partners-with-zhejiang-seaport-group-to-strengthen-uae-china-trade\/\" style=\"\" rel=\"noopener\">statement<\/a>. The pair will work to attract shipping companies and encourage them to cooperate on slot exchanges and vessel space purchase on the Dubai to Ningbo route. They will also look to boost automobile logistics and Ro-Ro trade between the two ports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus: more Chinese investments + green port cooperation.<\/strong> The pair will also work together to encourage the development of green and low-carbon ports, and to increase Chinese investments in the UAE\u2019s logistics sector, including in the Jebel Ali Freezone. The two sides will form mechanisms to exchange information and expertise in a range of relevant topics, including building green terminals, the use of shore power, and refueling green ships with more environmentally friendly fuels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Cosco Shipping Ports Abu Dhabi Abu Dhabi Container Freight Station will use the<\/strong><strong> UAE\u2019s national railway network and terminals to transport goods <\/strong>between Khalifa Port and other logistics zones in the UAE, under an MoU inked with Etihad Rail, according to a <a target=\"_blank\" href=\"https:\/\/www.etihadrail.ae\/post\/etihad-rail-and-csp-abu-dhabi-cfs-sign-mou-for-integrated-rail-transport-services\" style=\"\" rel=\"noopener\">statement<\/a>. It will also use Etihad Rail\u2019s freight rail terminals to store and distribute distribution goods. The partnership is set to help reduce transit times for CSP\u2019s logistics operations and lower its carbon footprint. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- 7X, formerly Emirates Post Group, plans to increase the number of pick-up and <\/strong><strong>drop-off locations to 1k<\/strong>, up from 700, by the end of this year, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/7x-unveils-ambitious-expansion-plans-to-strengthen-global-network-and-enhance-customer-experience-iwpxrtaw\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">INVESTMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>German automaker <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.stellantis.com\/en\" style=\"\" rel=\"noopener\">Stellantis<\/a><\/strong><strong> will invest an additional USD 55 mn in US-based, <\/strong><strong>Mubadala-backed electric flying car manufacturer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.archer.com\/\" style=\"\" rel=\"noopener\">Archer Aviation<\/a><\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.stellantis.com\/en\/news\/press-releases\/2024\/july\/stellantis-invests-additional-55-million-in-archer-following-recent-flight-test-milestone\" style=\"\" rel=\"noopener\">press release<\/a>. This comes a month after Stellantis <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f7f06eae-8c40-45a4-93f5-e19b247a8363\/stellantis-snaps-up-a-substantial-pile-of-shares-in%253cmark%253e-archer%253c%2Fmark%253e-aviation\" style=\"\" rel=\"noopener\">purchased 8.3 mn shares<\/a> of Archer\u2019s stock, making it the largest shareholder in the firm. Stellantis provided an initial USD 150 mn in equity funding to bolster Archer\u2019s production capacity for its eVTOL last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What will the funds be used for? <\/strong>The investment will go towards accelerating Archer\u2019s business initiatives, including replacing traditional 60 to 90 minute commutes by car with 10 to 20 minute electric air taxi flights, according to the statement. Archer also has plans to ramp up production of its vehicles by establishing a factory that can support it.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bank of Punjab eyes expansion to Bahrain and the UAE: <\/strong>The Bank of Punjab\u2019s board approved plans to establish a wholesale banking unit in Bahrain and a representative office in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/406.pdf\" style=\"\" rel=\"noopener\">regulatory filing (pdf)<\/a>. These expansion plans are pending approval from the State Bank of Pakistan and other regulatory authorities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Indian tourists can now make UPI payments in the UAE: <\/strong>Indian payments giant <a target=\"_blank\" href=\"https:\/\/www.npci.org.in\/who-we-are\/group-companies\/npci-international\" style=\"\" rel=\"noopener\">NPCI<\/a><a target=\"_blank\" href=\"https:\/\/www.npci.org.in\/who-we-are\/group-companies\/npci-international\" style=\"\" rel=\"noopener\">International<\/a> will introduce QR code-based Unified Payments Interface (UPI) payments for Indian tourists and non-residents in the UAE through UAE payments firm Network International\u2019s points of sale in the country, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/408.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PowerChina secures contract for 1.5 GW Al Ajban plant: <\/strong><a target=\"_blank\" href=\"https:\/\/en.powerchina.cn\/\" style=\"\" rel=\"noopener\">PowerChina<\/a> Huadong Engineering Corporation secured an engineering, procurement, and construction (EPC) contract for the 1.5 GW Al Ajban solar power plant in Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/www.constructionweekonline.com\/projects-tenders\/powerchina-al-ajban-abu-dhabi-solar\" style=\"\" rel=\"noopener\">Construction Week<\/a> reports. The plant is set to be home to three of the world's largest solar sites when it becomes operational in 3Q 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>EDF Renewables, Korea Western Power Company (KOWEPO), and Masdar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f3491a00-63b4-49fe-af2e-85822477ed8d\/dubai-south-is-getting-a-aed-500-mn-luxury-car-showroom-and-service-center-%2B-new-bus-and-taxi-lanes-in-dubai\" style=\"\" rel=\"noopener\">inked a power purchase agreement<\/a> with Emirates Water and Electricity Company (EWEC) in April to design, finance, build, and operate the plant. The plant will cut carbon emissions by 2.4 mn tons annually and generate enough power for 160k homes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CAPITAL MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lunate and Daman Investments are the first investment funds authorized to operate <\/strong><strong>under the Voluntary Alternative End-of-Service Benefits Scheme<\/strong> by the Human Resources Ministry and the Securities and Commodities Authority, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b3zqdyn-lunate-daman-investments-first-investment-funds\" style=\"\" rel=\"noopener\">Wam<\/a> writes. The authorization allows both companies to launch two Sharia-compliant savings funds for severance benefits. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Companies can now enroll in the two new savings funds<\/strong> by contacting Lunate and Daman Investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.knightfrank.com\/mena\" style=\"\" rel=\"noopener\">Knight Frank Mena<\/a><\/strong><strong> was selected as the exclusive leasing and marketing consultant for <\/strong><strong>UK-based industrial solutions provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.radiusgroup.co.uk\/\" style=\"\" rel=\"noopener\">Radius Group\u2019s<\/a><\/strong><strong> logistics city<\/strong> located in Dubai Investments Park 2, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/real-estate\/radius-ties-up-with-knight-frank-mena-for-debut-uae-project-c49adbbb\" style=\"\" rel=\"noopener\">press release<\/a>. Knight Frank Mena\u2019s industrial and logistics team will facilitate the acquisition, development process and leasing for Radius. Radius City Logistics is set to be the first-class A speculative temperature-controlled facility in the UAE, with construction scheduled to start in August and operations expected to launch in 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AGRICULTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCL expands its horticulture nursery in Abu Dhabi:<\/strong> Dubai-based <a target=\"_blank\" href=\"https:\/\/www.akigroup.com\/\" style=\"\" rel=\"noopener\">Al Khayyat Investments\u2019<\/a> subsidiary <a target=\"_blank\" href=\"https:\/\/gcluae.com\/\" style=\"\" rel=\"noopener\">Gulf Contracting and Landscaping<\/a> (GCL) expanded its site at Al Rahba in Abu Dhabi to become a 1.25 mn sqft horticulture nursery, according to a <a target=\"_blank\" href=\"https:\/\/www.akigroup.com\/media\/gulf-contracting-landscaping-unveils-one-of-the-uaes-largest-plant-nurseries\/\" style=\"\" rel=\"noopener\">press release<\/a>. The nursery now houses over 1 mn plants, making it the largest nursery in the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCL is planning to build a new facility by 2025 <\/strong>spanning more than 1.5 mn sqft, it said in the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GEMS International School launched a new \u201cSpace Lab\u201d resembling a Mars space <\/strong><strong>capsule<\/strong>, a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/gems-international-school-launches-new-space-lab-inaugurated-by-uae-astronauts-ewlbgw4r\" style=\"\" rel=\"noopener\">press release<\/a> reads. The lab offers courses on topics such as Martian agriculture, metaverse game design, AI robotics, driverless Martian transport, DIY space repairs, and advanced technologies for space work, according to the statement.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/construction\/\">CONSTRUCTION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dispute-watch\/\">dispute watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/e\/\">e&amp;<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/telecoms\/\">telecoms<\/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=\"93570\" 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=\"93570\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/us-bond-etfs-could-rake-in-usd-1-tn-this-year\/\">\r\n                            US Bond ETFs could rake in USD 1 tn this year                        <\/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\/05\/us-bond-etfs-could-rake-in-usd-1-tn-this-year\/\" 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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US ETFs raised over USD 80 bn in June alone, and USD 411 bn throughout 1H 2024 and putting it on track to potentially beat its previous record of USD 911 bn in 2021. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Actively managed ETFs are largely to thank for the record inflows:<\/strong><span style=\"background-color: transparent;\"> Actively managed fixed-income ETFs alone took in some USD 7 bn in June and USD 41 bn over the first half of 2024, surpassing the USD 33 bn peak in 2023. These types of ETFs are becoming more attractive as actively managed mutual funds continue to see disappointing returns.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The momentum is only accelerating <\/strong>as funds establish longer track records, drawing more interest from investors, including young retail investors, an analyst told FT. It can be propelled even further by interest rate cuts from the US Federal Reserve later this year. <\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a mixed story for Asian markets<\/strong>, with the Nikkei hitting yet another fresh high while the broad-based Topix index slipped 0.15% as of dispatch time. South Korea\u2019s Kospi is also higher, while China\u2019s CSI300 is down 0.44%. <\/p>\n<p><a target=\"_blank\" id=\"t.0ff5c594bf33b7fc937764b3cb104a3546f30d4f\" 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\">9,126<\/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: -4.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,066<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +0.2%)<\/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>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\">3,488<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: -9.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.9% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.4% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,659<\/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: -2.58%)<\/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\">28,364<\/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: +13.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,537<\/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: +16.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,241<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.9% (YTD: +6.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,988<\/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: 10.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 87.4<\/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-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 <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.4<\/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\">-1.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,365.3<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 56,878.67<\/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\">-2.47% (YTD: +28.6%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.4% yesterday<\/strong> on turnover of AED 913.1 mn. The index is down 4.7% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Agility Global (+7.8%), Oman and Emirates Investment Holding (+5%), and Chimera (+3.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>National Bank of Umm Al Qaiwain (-8.3%), Al Buhaira National Insurance (-6.7%) and Sudatel Telecom Group (-6.3%). <\/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 fell 0.3% on turnover of AED 327.2 mn. Meanwhile Nasdaq Dubai closed down 0.4%.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etfs\/\">ETFs<\/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\/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=\"93572\" 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=\"93572\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/uae-and-costa-rica-agree-to-cooperate-on-development-and-government-work-uae-egypt-eye-stronger-ties\/\">\r\n                            UAE and Costa Rica signed a strategic partnership 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   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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/412.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"93573\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/uae-and-costa-rica-agree-to-cooperate-on-development-and-government-work-uae-egypt-eye-stronger-ties\/412-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/412.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"412.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/412.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/412.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93572\" class=\"content-area-description single-story post-93572 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-uae tag-uae-egypt-relations 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\/.494078b3-7ee4-4d7f-88ee-37d03b61fc7c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE and Costa Rica agree to cooperate on development + government work: <\/strong>The UAE and Costa Rica signed a strategic partnership agreement aimed at growing bilateral cooperation in development and government work during a visit by an Emirati delegation to the country, <a target=\"_blank\" href=\"https:\/\/wam.ae\/ar\/article\/b3z4qc3-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%88%D9%83%D9%88%D8%B3%D8%AA%D8%A7%D8%B1%D9%8A%D9%83%D8%A7-%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D9%86-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%85%D8%AC%D8%A7%D9%84%D8%A7%D8%AA\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The delegation also met with several Costa Rican ministers \u2014 including the ministers of security, information, and planning \u2014 to discuss strengthening cooperation on several sectors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">UAE Foreign Minister Abdullah bin Zayed congratulated Badr Abdel Aty on his <\/strong><strong style=\"background-color: transparent;\">appointment as Egypt's new Foreign Minister<\/strong><span style=\"background-color: transparent;\">, <\/span><a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13zz18x-abdullah-bin-zayed-congratulates-new-egyptian\" rel=\"noopener\">Wam<\/a><span style=\"background-color: transparent;\"> reports. The two officials discussed in a phone call strengthening bilateral ties and cooperation between the UAE and Egypt as well as regional and humanitarian matters, including achieving a ceasefire in Gaza and increasing humanitarian aid to its population.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>The UAE allocated land for Uzbekistan to establish its embassy in the country to <\/strong><strong>strengthen bilateral relations<\/strong>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b3zqdvu-protocol-amendment-agreement-signed-establish\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-egypt-relations\/\">UAE-Egypt relations<\/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=\"93574\" 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=\"93574\">\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\">MY MORNING ROUTINE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/05\/my-morning-routine-shane-shin-founding-partner-of-shorooq-partners\/\">\r\n                            My Morning Routine: Shane Shin, founding partner of Shorooq Partners                        <\/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\/05\/my-morning-routine-shane-shin-founding-partner-of-shorooq-partners\/\" 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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Speaking to us this week is Shane Shin (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/shaneykshin\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), founding partner of <a target=\"_blank\" href=\"https:\/\/www.shorooq.com\/\" style=\"\" rel=\"noopener\">Shorooq Partners<\/a>. <strong>Edited excerpts from our conversation:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">I'm Shane Shin, a founding partner of Shorooq Partners<\/strong><span style=\"background-color: transparent;\">, a leading early-stage tech-focused venture capital firm based in the Middle East. With a significant presence in Egypt, Saudi Arabia, Abu Dhabi, Dubai, Pakistan, and Korea, we are recognized as one of the largest seed-stage VC firms in the region, with approximately 80 portfolio companies. Originally from Korea, I grew up there and attended high school in Canada. I later pursued my studies at the Wharton School at the University of Pennsylvania in the United States.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 2017, I co-founded Shorooq Partners, but I have always been in finance. <\/strong>I started as a banker in New York, and later moved to a private equity firm in San Francisco. I also worked in the semiconductor space at Mubadala's GlobalFoundries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My job at Shorooq is to lead investment operations.<\/strong> My job is to oversee investments across our VC funds, which include credit and private debt funds, and a blockchain fund. My role involves five main areas: Developing and refining investment strategies, sourcing new companies, conducting due diligence on potential investments, actively managing our portfolio post-investment, and facilitating successful exits. I am also responsible for fundraising efforts for both our portfolio companies and our funds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We began as a venture capital firm focusing on seed and early-stage funding, <\/strong>leading rounds from pre-seed to series A as companies grow. Additionally, we have a private credit team to offer non-dilutive capital, addressing the conservative lending approach of local banks. Our credit funds, which have supported companies like <a target=\"_blank\" href=\"https:\/\/tamara.co\/en-AE\" style=\"\" rel=\"noopener\">Tamara<\/a>, offer significant value and extend their services beyond our portfolio companies<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The most interesting trend in the VC industry is the emergence of second generation <\/strong><strong>founders. <\/strong>With the industry now having been around for about nine years, the first generation founders are those who worked and studied in the US, returned to the region, and launched their own companies. Second generation founders are startup founders who worked in those companies, gained valuable experience from them, and learned from the best. At Shorooq, we have been very successful in identifying these founders and backing them.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We are soon going to see the third generation of the founders <\/strong>who did not go to the US or Europe, who did not work with startups founded there, but grew their own grassroots and business ideas. We are in favor of this transition and we need all different types of the founders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another strategic trend we are seeing is an increase in corporate venture capital<\/strong>, like e&amp; and Bupa Arabia. Banks like Arab Bank from Jordan are also showing a growing interest in startup investments. We need more VCs and investment firms launched by corporations to support the ecosystem as corporates also make ideal customers for many startups, and we value collaborating with them. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We're also seeing more IPOs now than in the past.<\/strong> Exits have historically been challenging for VCs, but things are changing. Startups are increasingly considering IPOs or M&amp;A routes, often involving backing from family offices or other firms.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When considering investments, personally, I look at the founder first.<\/strong> I envision whether they can lead a company worth USD 500 mn. You don't need to have experience as a CEO at a large firm; you can still excel at the SME level. However, if you're seeking a VC like ours, I need to see potential for scaling your business to a USD 500 mn valuation. I ask myself, can I picture this founder leading a company of that scale?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We favor the seed stage at Shorooq because we are not a silent investor.<\/strong> We\u2019re active investors who engage with founders, partners, and company builders. We bring value through proactive involvement. If a founder seeks only financial backing without active engagement, then we are not the right fit. We prioritize active participation because we are deeply committed to both the success of startups and the investments we make.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We meet about 4k to 5k companies a year and invest in about 15 a year. <\/strong>We are uncompromising when it comes to sourcing the right opportunities. We go deep into the data, the market and the dynamics of any investment. We spend 50% of the process on portfolio value creation to assess where we can add value in the companies we invested in. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We care a lot about AI at the moment. <\/strong>We believe the Middle East is going to be a key player in the AI space. However, we are just scratching the surface in exploring the applications of AI. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">We are currently in discussions with multiple AI firms and have led investments in AI companies like <a target=\"_blank\" href=\"https:\/\/www.mozn.sa\/\" style=\"\" rel=\"noopener\">Mozn<\/a> and&nbsp;<a href=\"https:\/\/dxwand.com\/\" target=\"_blank\" rel=\"noopener\">DXWand<\/a>. We are particularly interested in AI deployment within the healthcare and procurement sectors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We are currently eyeing four new geographies to add to our core focus:<\/strong> Korea, Turkey, Morocco, and Tunisia. Korea has a wide tech talent pool and very affordable valuation, sometimes even cheaper than our region. We\u2019ve also been actively investing in Saudi companies and are in talks with several more. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I start my day at 6am with a 10-minute meditation session and writing, before the world <\/strong><strong>wakes up<\/strong> and messages start pouring in. This peaceful time allows me to gather my thoughts, whether it is addressing team issues, refining our investment strategy, or supporting our portfolio companies. At 7:30am, I talk to Mahmoud Adi (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/m-adi\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), my co-founding partner, about everything from minor details to major topics. By 8:30 am, my workday officially starts and I begin going through investment opportunities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>To stay organized, I start my day by setting two goals I'm going to crush, <\/strong>which I note down in my daily schedule template. I rely on this template to stay focused and on track throughout the day. I have sections for what I need to prepare ahead, the meetings I have scheduled, and non-urgent matters. I also have sections for cleaning emails and tracking my hydration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Balancing work and personal life might be one of my weaknesses.<\/strong> Frankly, I tend to work a lot because I love my job. I try to reserve Saturdays for myself, but I often work on Fridays and Sundays. So, whenever I can, I try to enjoy the small pleasures, like having dinner with my family or friends and going out with my colleagues. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Going for a swim is my go-to to [method to] unwind everyday.<\/strong> I also find clarity in reading, as it allows me to reflect and learn at my own pace, using my imagination to explore new ideas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I<\/strong><strong>'ve recently been following <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.acquired.fm\/\" style=\"\" rel=\"noopener\">Acquired<\/a><\/strong><strong>, a podcast covering global tech companies\u2019 M&amp;As <\/strong><strong>and IPOs.<\/strong> On YouTube, I listen to topics ranging from blockchain to the US presidential debates, to the situation in Egypt and Pakistan. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One of my favorite quotes is from Bill Gates.<\/strong> He said: \u201cMost people overestimate what they can do in one year and underestimate what they can do in ten years.\u201d At Shorooq, we had a humble start but have made significant progress over the past seven years. I'm impressed by what we've achieved and am eager for more. Even during moments of frustration or short-sightedness, our focus remains steadfast. Because in the grand scheme of things, I believe that no one can move a mountain in a year, and that achievements need time and unwavering dedication. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/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=\"93576\" 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\/05\/93576-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-93576\" class=\"content-area-description single-story post-93576 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;\">7 July (Sunday): Islamic new year, national holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-18 July ( Saturday-Thursday): Asia-Pacific Accreditation Cooperation, 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;\">31 July (Wednesday): Deadline for Sidara to submit another takeover bid to Wood Group. <\/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>10-11 September (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/pppmenaforum.com\/\" style=\"\">MENA PPP forum<\/a><\/span><span style=\"font-weight:400;\">, Jumeirah Emirates Towers, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-11 September (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menacoolforum.com\/\" style=\"\">MENA District Cooling Projects & MENA Cool Forum<\/a><\/span><span style=\"font-weight:400;\">, Grand Hyatt Dubai, Dubai Healthcare City, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-12 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menaoilandgasdigitalization.com\/\" style=\"\">MENA oil and gas digitization conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span 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>2-3 October <\/span><span>(Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wges.ae\/\" style=\"\">The World Green Economy Summit<\/a><\/span><span style=\"font-weight:400;\">, World Trade Center Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-8 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/theforexexpo.com\/dubai2024\/#About\" style=\"\">Forex expo<\/a><\/span><span style=\"font-weight:400;\">, World Trade Center, 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;\">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>21-22 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/portdevelopmentmea.com\/\" style=\"\">Port Development MEA Forum<\/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>21-22 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rbtmena.com\/\" style=\"\">Roads, Bridges, Tunnels MENA Conference<\/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>21-22 October<\/span><span> (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aimsummit.com\/event\/dubai\/summary\" style=\"\">The Alternative Investment Summit<\/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 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>28-29 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menaclimateproof.com\/\" style=\"\">MENA Climate Proof Forum<\/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 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:400;\">30 October-1 November (Wednesday-Friday): World Cities Cultural Summit, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>6 November (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/events.futureforums.com\/world-finance-forum-dubai\" style=\"\">World Finance Forum<\/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>11 November (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/diamondconference.ae\/\" style=\"\">Dubai Diamond Conference<\/a><\/span><span style=\"font-weight:400;\">, Jafza One Convention Centre, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-12 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menacinema.com\/\" style=\"\">META Cinema Forum<\/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>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>22-23 November (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/unitedresearchforum.com\/GMEEE2024\/\" style=\"\">Global Meet on Electronics & Electrical Engineering (GMEEE)<\/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>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;\">FEBRUARY 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-25 February (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gmevents.ae\/event\/3rd-world-passenger-experience-forum\/\" style=\"\">3rd World Passenger Experience Forum<\/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 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<li><span style=\"font-weight:400;\">TBD: e& will complete Adnoc\u2019s private 5G network. <\/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<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 2029:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Dubai to host the International Conference on Computer Vision.<\/span><\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Adnoc bags USD 3 bn green finance facility<\/p>\n","protected":false},"featured_media":93555,"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-93554","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"aa784540-19f7-4adb-a3d5-fd25b2bd4e41","teaser":"Plus: Adnoc bags USD 3 bn green finance facility","photo_url":"https:\/\/ent.news\/2024\/2\/440.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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