{"id":94020,"date":"2024-07-22T00:00:00","date_gmt":"2024-07-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=94020"},"modified":"2025-12-15T00:55:22","modified_gmt":"2025-12-15T00:55:22","slug":"trump-tower-is-coming-to-dubai","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/trump-tower-is-coming-to-dubai\/","title":{"rendered":"Trump Tower is coming to Dubai"},"content":{"rendered":"<section id=\"94022\" 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=\"94022\">\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\/22\/this-morning-uae-left-mostly-unscathed-by-global-tech-outage-joe-biden-drops-out-of-presidential-race\/\">\r\n                            THIS MORNING: UAE left mostly unscathed by global tech outage + Joe Biden drops out of presidential race                        <\/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\/22\/this-morning-uae-left-mostly-unscathed-by-global-tech-outage-joe-biden-drops-out-of-presidential-race\/\" 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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Read on for everything you\u2019ve missed.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have a mixed bag of news<\/strong>, including Trump Tower coming to Dubai, Masdar\u2019s USD 1 bn green bond issuance, our friends at Mashreq pledging AED 1 bn to industry, and a JV between Mawarid and Plenty to build five indoor farms in the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER-<\/strong> The mercury peaks at 40\u00b0C today in<strong> Dubai, <\/strong>before hitting an overnight low of 34\u00b0C. Things are similar in<strong> Abu Dhabi,<\/strong> where temperatures will also hit 40\u00b0C before cooling to an overnight low of 33\u00b0C.<\/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=\"wwtt1\"><\/a> <strong>UAE left (mostly) unscathed by Microsoft outage: <\/strong>The global IT outage taking place on Friday and leaving \u201cblue screens of death\u201d everywhere left some UAE government online services affected, while the General Civil Aviation Authority (GCAA) <a target=\"_blank\" href=\"https:\/\/x.com\/ARNNewsCentre\/status\/1814338637032772048\" style=\"\" rel=\"noopener\">logged<\/a> \u201cminor impacts on the operation of the country's airports and airlines,\u201d with \u201cminor delays \u2026 reported in the check-in processes for a limited number of flights,\u201d <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/tech-outage-hits-uae-how-crowdstrike-crash-disrupted-life-and-what-happens-next?amp=1\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports separately. An alternative system used by the airlines allowed the check-in operations to resume normally, the GCCA said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Businesses, companies, and residents took the hit: <\/strong>\u201cIt was not a cyberattack but businesses and companies were heavily affected. Residents also felt the impact,\u201d Women in Cybersecurity Middle East founding partner Irene Corpuz told <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/uae-assures-residents-no-cyber-attacks-detected-amid-outage\" style=\"\" rel=\"noopener\">Khaleej Times<\/a>, adding that \u201cthe card payment system crashed in some stores and not everyone is carrying cash nowadays.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> A routine software update pushed by global cybersecurity firm <a target=\"_blank\" href=\"https:\/\/www.crowdstrike.com\/en-us\/\" style=\"\" rel=\"noopener\">CrowdStrike<\/a> to its Falcon Sensor software threw some 8.5 mn machines running Microsoft Windows into boot loops. Airlines and some other companies were hit particularly hard, with many airports and airlines around the world grounding flights and doing manual paperwork. Some broadcasters were off the air, hospitals canceled procedures, and banking services were offline in many countries, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/features\/2024-07-19\/crowdstrike-outage-reveals-global-it-fragility-leaving-airports-banks-paralyzed?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Emergency services were also hit in some countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The status now: <\/strong>Things are starting to unsnarl as technicians push out fixes, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/global-cyber-outage-grounds-flights-hits-media-financial-telecoms-2024-07-19\/\" style=\"\" rel=\"noopener\">Reuters<\/a> notes. Windows users who have been impacted have to reboot their machines and manually delete CrowdStrike\u2019s botched update \u2014 a process that requires hands-on access to each device, according to <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/366dbb65-f03c-4b31-a489-405b078268f4\" style=\"\" rel=\"noopener\">Financial Times<\/a>. It\u2019s a process that could take days for businesses with large fleets of impacted devices and not enough IT staff, experts told FT.<\/p>\n<p class=\"tag-border-left\">IPO WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Amanat plans to proceed with planned IPO of its education unit <\/strong>after receiving the necessary regulatory approvals and engaging potential financial, legal, and commercial advisors, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1592.pdf\" style=\"\" rel=\"noopener\">DFM disclosure(pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong> Amanat <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8cc3949f-f7e8-4b09-b838-927b779e1af7\/amanat-holdings,-agility,-waha-capital,-and-more-report-1q-2024-earnings\" style=\"\" rel=\"noopener\">said in May<\/a> that it plans to carve out its education platform into its own holding company and tap advisors to list it on a GCC stock exchange, without specifying where it would list it or the size or value of the potential stake sale. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Amanat also reportedly tapped EFG Hermes and First Abu Dhabi Bank for a listing of its healthcare unit as soon as this year that could potentially raise some USD 200 mn.<\/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\"><strong>Fertiglobe to move forward with green ammonia export after final decision on Egyptian <\/strong><strong>plant: <\/strong>UAE-based urea and ammonia exporter <a target=\"_blank\" href=\"https:\/\/fertiglobe.com\/\" style=\"\" rel=\"noopener\">Fertiglobe\u2019s<\/a> agreement to export green ammonia from its Egyptian plant to Europe will hinge on reaching financial investment decision for the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a79814c8-73f2-4320-9ce5-b4861c37eeeb\/emirati-firms-ink-more-than-usd-30-bn-renewables-agreements-in-egypt#:~:text=PLUS%2D%20Scatec%20advances,ammonia%20purchase%20agreement.\" style=\"\" rel=\"noopener\">Ain Sokhna green ammonia plant<\/a>, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/financial-markets\/49099\/%D9%87%D8%B0%D8%A7-%D8%B4%D8%B1%D8%B7-%D8%A5%D8%AA%D9%85%D8%A7%D9%85-%D8%B5%D9%81%D9%82%D8%A9-%D8%A7%D9%84%D8%A3%D9%85%D9%88%D9%86%D9%8A%D8%A7-%D9%85%D9%86-%D9%85%D8%B5%D8%B1-%D8%A5%D9%84%D9%89-%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D8%A7\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing a company official. He clarified that the supply contract is non-binding and depends on finalizing the investment agreement with the consortium developing the plant, with a decision anticipated in 1H 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong>Fertiglobe <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ddc553bc-1c80-4752-8f58-e7dc3c593109\/\" style=\"\" rel=\"noopener\">secured<\/a> a EUR 397 mn offtake agreement from the German government\u2019s H2Global program to supply green ammonia to the EU from its Egyptian facilities between 2027 and 2033, which it is developing as part of a consortium comprising Scatec, the Sovereign Fund of Egypt, and Orascom Construction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the plant: <\/strong>The plant kicked off its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/952ee209-52e7-435e-860b-caf16ba6251b\/\" style=\"\" rel=\"noopener\">first phase<\/a> in November 2022 and aims to produce some 13k tons of green hydrogen a year, which will be used to create 70k tons of green ammonia at Fertiglobe\u2019s ammonia plants. 270 MW of solar and wind power plants will be installed to power the plant.<\/p>\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong> #1- DFM achieves longest weekly gain streak in three years:<\/strong> The Dubai Financial Market Index rose 0.28% on Friday, crossing the 4.1k-point mark and marking a 1.9% increase over five sessions \u2014 the longest weekly gain streak in three years, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-07-20-1.4907139\" style=\"\" rel=\"noopener\">Al Bayan<\/a> reports. <\/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\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1659.jpg?ssl=1\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt4\"><\/a><strong> US President Joe Biden has ended his reelection campaign<\/strong>, releasing a <a target=\"_blank\" href=\"https:\/\/x.com\/JoeBiden\/status\/1815080881981190320\/photo\/1\" style=\"\" rel=\"noopener\">statement on X<\/a> saying that the decision is \u201cin the best interest of [his] party and the country\u201d and adding that he will \u201cfocus solely on fulfilling [his] duties as President for the remainder of [his] term.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>He quickly <\/strong><strong><a target=\"_blank\" href=\"https:\/\/x.com\/JoeBiden\/status\/1815087772216303933\" style=\"\" rel=\"noopener\">endorsed<\/a><\/strong><strong> Vice President Kamala Harris<\/strong>, saying his selection of Harris as his running mate in 2020 was \u201cthe best decision [he\u2019s] made.\u201d Harris soon after expressed her \u201cintention to earn and win this nomination\u201d in an <a target=\"_blank\" href=\"https:\/\/x.com\/KamalaHarris\/status\/1815122383415529963\" style=\"\" rel=\"noopener\">X post<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The narrative this morning is that Democrats are closing ranks around Harris as their <\/strong><strong>candidate. She has built-in advantages:<\/strong> Because she\u2019s already on the ticket, she\u2019ll <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/07\/21\/kamala-harris-nomination-president-statement\" style=\"\" rel=\"noopener\">inherit<\/a> the Biden-Harris campaign\u2019s USD 96 mn war chest. Several of the figures tipped as potential Biden successors have already backed her, including North Carolina Governor Roy Cooper, California Governor Gavin Newsom, and Transport Secretary and 2020 presidential hopeful Pete Buttigieg, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/biden-pulls-out-presidential-race-live-2024-07-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. As of dispatch time, some 117 democrats have rallied behind Harris, according to a <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/politics\/interactive\/2024\/kamala-harris-endorsements\/?itid=hp_BIDEN%20OUT_p003_f005\" style=\"\" rel=\"noopener\">WaPo tracker<\/a>, including Democratic party chairs from all states<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But she could still face a challenge <\/strong>at the Democratic National Convention, scheduled for 19 August in Chicago. Some are still calling for an open primary where anyone can throw their hat in the ring. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Unchartered territory:<\/strong> This is the first time since 1968 that a sitting president has not run for re-election and a candidate is selected outside of primaries and caucuses. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What happened? <\/strong>Biden made the decision and pushed his letter out on social media before telling most on his team. He made the move after a long meeting with a very small handful of trusted advisors. Want the inside story? <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/biden-81-pulls-out-presidential-race-2024-07-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/07\/21\/why-biden-dropped-out-00170106?cid=apn\" style=\"\" rel=\"noopener\">Politico<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/07\/21\/us\/politics\/biden-withdrawal-timeline.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/07\/21\/biden-2024-election-drops-out\" style=\"\" rel=\"noopener\">Axios<\/a> have more.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump has already spoken out<\/strong>, saying he thinks Harris will be <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-says-kamala-harris-will-be-easier-defeat-than-biden-2024-07-21\/\" style=\"\" rel=\"noopener\">\u201ceasier to beat\u201d<\/a> than Biden. <\/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>CLOSER TO HOME- Israel <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-says-it-intercepts-missile-fired-yemen-houthis-say-they-targeted-eilat-2024-07-21\/\" style=\"\" rel=\"noopener\">said it shot down<\/a><\/strong><strong> a missile launched from Yemen yesterday<\/strong>, in a continuation of escalated violence from the Houthis after Israel\u2019s first public strike against the Yemeni Houthis. The Houthis have so far launched attacks on Tel Aviv and Eilat, and have vowed to resume attacks on Israel. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO HAPPENING OVER THE WEEKEND- T<\/strong><strong>he International Court of Justice has ruled <\/strong><strong>that <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6a60da92-5795-46c6-9175-2f425d3805d0\" style=\"\" rel=\"noopener\">Israel\u2019s occupation of Palestinian territory is unlawfu<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6a60da92-5795-46c6-9175-2f425d3805d0\" style=\"\" rel=\"noopener\">l<\/a> and that its actions and policies are \u201ctantamount to the crime of apartheid,\" the court said in its latest non-binding <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1514.pdf\" style=\"\" rel=\"noopener\">opinion (pdf)<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Little wonder, then that geopolitical tensions are now topping sovereign wealth funds\u2019 and central banks\u2019 <\/strong><strong>concerns for the coming decade<\/strong>, trumping inflation, according to a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/geopolitics-overtakes-inflation-top-sovereign-wealth-fund-worry-list-2024-07-21\/\" style=\"\" rel=\"noopener\">survey<\/a>. <\/p>\n<p class=\"tag-border-left\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The <strong>World Trade Organization<\/strong> will hold a general meeting in Geneva starting today and the <strong>Bank of Canada<\/strong> will meet tomorrow to review interest rates. Canada was the first G7 economy to cut interest rates in the current cycle.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Benjamin Netanyahu is in Washington tomorrow <\/strong>and the opening ceremonies <strong>for the 2024 <\/strong><strong>Paris Olympic Games <\/strong>take place on Friday. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a><\/div>\n<\/div>\n<\/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><a target=\"_blank\" href=\"https:\/\/www.wges.ae\/\" style=\"\" rel=\"noopener\">The World Green Economy Summit<\/a><\/strong><strong> is set to take place on 2-3 October at the <\/strong><strong>Dubai World Trade Centre<\/strong>. Organized by the Dubai Supreme Council of Energy, DEWA, and World Green Economy Organization, the summit will discuss decarbonization, clean energy, climate finance, and the circular economy to support the UN's Sustainable Development Goals for 2030.<\/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\/amanat\/\">Amanat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                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style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/43010.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20607.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Rise every day<\/span>\r\n        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class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"94025\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/dar-global-to-develop-trump-tower-dubai\/\">\r\n                            Dar Global to develop Trump Tower Dubai                        <\/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\/22\/dar-global-to-develop-trump-tower-dubai\/\" 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\/22\/dar-global-to-develop-trump-tower-dubai\/')\">\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\/22\/dar-global-to-develop-trump-tower-dubai\/\">\n                    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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1653.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94026\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/dar-global-to-develop-trump-tower-dubai\/1653-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1653.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1653.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1653.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1653.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94025\" class=\"content-area-description single-story post-94025 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-investment tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.7abfa50e-fcc0-44bf-900b-075dd2f59ce6.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai\u2019s getting its very own Trump Tower: <\/strong>Saudi builder Dar Global and The Trump Organization have partnered up to develop Trump Tower Dubai, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dar-global-announces-third-collaboration-with-trump-organization-to-launch-iconic-trump-tower-dubai-in-2025-esie7k9a\" style=\"\" rel=\"noopener\">press release<\/a>. The new development will include a luxury hotel and Trump-branded residential units, with details on location and design expected by the end of the year. Financial details were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">This is not the Trump Organization's first foray into Dubai: <\/strong><span style=\"background-color: transparent;\">It currently operates a golf course in Dubai in partnership with real estate developer Damac.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the Trump Organization\u2019s third venture in the region with Dar Global<\/strong>. Earlier this month, they announced a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/eee494ae-8a35-48d8-92ca-3ccf8069a7ac\/dar-global-to-build-a%253cmark%253e-trump-tower%253c%2Fmark%253e-in-jeddah\" style=\"\" rel=\"noopener\">Trump Tower in Jeddah<\/a> and unveiled a USD 500 mn Trump International Hotel project in Oman.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong>The Trump Organization is seeking more real estate in the region, Donald Trump\u2019s son Eric told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6005d855-4c4e-4846-ad33-ed76d61ecc77\" style=\"\" rel=\"noopener\">Financial Times<\/a> earlier. \u201cThis region has explosive growth, and that\u2019s not stopping anytime soon.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s also one of many luxury-branded tower projects planned in the emirate: <\/strong>Mercedez and Binghatti <a target=\"_blank\" href=\"https:\/\/www.dubai.mercedesbenzplaces.com\/\" style=\"\" rel=\"noopener\">are set to complete<\/a> a USD 1 bn tower in 2026, while Mered is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a59f55dd-8aa3-4888-a2b2-1b36472d7037\/my-morning-routine:-diana-nilipovscaia,-ceo-of%253cmark%253e-mered%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">developing<\/a> the world\u2019s tallest apartment building in partnership with Pininfarina. Arada is also developing an Armani-branded residence, while the Bulgari Lighthouse \u2014 which saw the <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/property\/2023\/02\/03\/dubai-apartment-sells-for-record-112-million-as-property-market-surges\/\" style=\"\" rel=\"noopener\">sale<\/a> of the most expensive apartment for AED 410 mn \u2014 is also set for completion in 2027. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94027\" 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=\"94027\">\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\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/\">\r\n                            Masdar raises USD 1 bn in second green bond issuance                        <\/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\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/\" 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\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/')\">\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\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/\">\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=Masdar raises USD 1 bn in second green bond issuance&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/\">\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\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/&title=Masdar raises USD 1 bn in second green bond issuance\">\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=Masdar+raises+USD+1+bn+in+second+green+bond+issuance+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F22%2Fmasdar-raises-usd-1-bn-in-second-green-bond-issuance%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\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1535.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94028\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/masdar-raises-usd-1-bn-in-second-green-bond-issuance\/1535-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1535.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1535.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1535.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1535.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94027\" class=\"content-area-description single-story post-94027 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseam-uae tag-green-bonds tag-masdar 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\/.d42fc5b8-dbcf-4e74-bce6-8afdc4cdf8e7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>State<\/strong><strong>-owned renewable energy developer Masdar raised USD 1 bn in its second green <\/strong><strong>bond issuance<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1515.pdf\" style=\"\" rel=\"noopener\">press release(pdf)<\/a>. The issuance consisted of two tranches worth USD 500 mn each, with five- and 10-year tenors, carrying yields of 4.875% and 5.25%, according to the statement. In line with Masdar's corporate credit ratings, this second issuance was rated AA- by Fitch and A2 by Moody's.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REMEMBER- <\/strong><span style=\"background-color: transparent;\">Fitch recently <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a3ad5fc4-4eb7-4931-aaec-d452ab527086\/ultratech-closes-rak-white-cement-acquisition#:~:text=Fitch%20Ratings%20upgraded%20Abu%20Dhabi%20Future%20Energy%20Company%E2%80%99s%20(Masdar)%20long%20term%20foreign%20and%20local%20currency%20issuer%20default%20ratings%20to%20AA%2D%20with%20a%20stable%20outlook%2C%20from%20A%2B%20previously%2C%20it%20said%20in%20a%20statement.%20The%20agency%20cited%20support%20from%20the%20Abu%20Dhabi%20government%20as%20the%20reason%20for%20the%20upgrade.\" rel=\"noopener\">upgraded<\/a><span style=\"background-color: transparent;\"> Masdar's credit rating one notch to 'AA-', stable outlook, recognizing the company's financial strength and the support from its shareholders, the latter evidenced by their significant contributions to fund Masdar's growth ambitions.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The issuance saw strong demand,<\/strong> booking USD 4.6 bn in orders with a 4.6x oversubscription rate. Some 70% of the allocation went to international investors with the balance going to MENA investors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was in the works: <\/strong>Masdar said <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/643b1fa5-f941-4ced-8166-0af69a9eb9bf\/masdar-to-finance-central-asia-renewable-projects-with-second-green-bond\" style=\"\" rel=\"noopener\">in April<\/a> that it was planning to take a green bond issuance worth between USD 750 mn and 1 bn to market this year to secure funding for its renewable projects in Central Asia, specifically in Uzbekistan and Azerbaijan. This comes as part of a USD 3 bn bonds program aimed at funding clean energy initiatives in the UAE and globally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The energy giant raised USD 750 mn last year in its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e06471aa-d27b-4f1a-b198-708557ab04a3\/%253cmark%253emasdar%253c%2Fmark%253e-draws-massive-interest-in-debut-green-bonds-sale,-securing-usd-4.2-bn-in-demand\" style=\"\" rel=\"noopener\">debut green bond sale<\/a>, which it listed on both the London Stock Exchange and the ADX. The bonds \u2014 which were 5.6x oversubscribed \u2014 were priced at 115 basis points over US treasuries from an initial guidance of around 150 bps over the same benchmark.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS: <\/strong>HSBC, Abu Dhabi Commercial Bank, Citigroup, Credit Agricole, First Abu Dhabi Bank (FAB), Mitsubishi UFJ Financial Group, Natixis, and Standard Chartered Bank acted as joint lead managers and bookrunners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- The regional sustainable debt market has been on a tear this year:<\/strong> UAE\u2019s Sharjah government issued <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/269c7143-0865-448b-b617-ff4b76ffbdad\/sharjah-gov%25e2%2580%2599t-starts-selling-eur-500-mn-sustainability-bonds\" style=\"\" rel=\"noopener\">EUR 500 mn in sustainability bonds<\/a>, while Kuwait\u2019s Warba Bank issued <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ad695804-27d1-4f20-9ca0-916e3f73eed1\/kuwait%25e2%2580%2599s-warba-bank-kicks-off-a-usd-500-mn%253cmark%253e-green-bond%253c%2Fmark%253e-issuance\" style=\"\" rel=\"noopener\">USD 500 mn green sukuk<\/a>, and Qatar\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/34146101-b214-4c92-ad11-a1d683dd4b83\/%253cmark%253eqatar%253c%2Fmark%253e%25e2%2580%2599s-debut-usd-denominated-green-bonds-were-5.6x-oversubscribed\" style=\"\" rel=\"noopener\">USD 2.5 green bond<\/a> attracted USD 14 bn in orders. Al Rajhi also raised USD 1 bn from a 5-year sustainable sukuk sale <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f20a300f-1d96-436d-b13b-8f20933d0d63\/saudi-arabia%25e2%2580%2599s-al-rajhi-raises-usd-1-bn-from-5-year-sustainable-sukuk-sale\" style=\"\" rel=\"noopener\">in March<\/a>. Meanwhile, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6209858f-276c-4900-a2ea-8b00b57a8c5d\/qatar%25e2%2580%2599s-qiib-lists-usd-500-mn-sustainable-sukuk-issuance-on-the-london-stock-exchange\" style=\"\" rel=\"noopener\">Qatar\u2019s QIIB<\/a> listed USD 500 mn sustainable sukuk issuance on the London Stock Exchange in January, and the UAE sovereign fund <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/11e6373f-1f5a-45e5-ba2f-6e480c9e1559\/mubadala%25e2%2580%2599s-usd-750-mn%253cmark%253e-green%253c%2Fmark%253e-bonds-see-secondary-listing-on-adx\" style=\"\" rel=\"noopener\">Mubadala<\/a> listed USD 4.5 bn and AED 750 mn green bonds on the ADX. <\/p>\n<p class=\"tag-border-left\">IN OTHER DEBT NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The National Bank of Ras Al Khaimah (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.rakbank.ae\/en\" style=\"\" rel=\"noopener\">RAKBank<\/a><\/strong><strong>) issued a USD 600 mn, five-year EUR <\/strong><strong>Medium-Term Note bond, <\/strong>under its Social Finance Framework, which outlines the use of funds for supporting micro, small, and medium enterprise customers, it said in a <a target=\"_blank\" href=\"https:\/\/www.rakbank.ae\/en\/social-bond\" style=\"\" rel=\"noopener\">statement<\/a> on Friday. The issuance was priced at a spread of 135 bps over US treasuries \u2014 tightened by 35 bps, on the back of \u201cvery strong demand and investor interest.\u201d It is the first ever public social bond in the GCC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The issuance was 3x oversubscribed, <\/strong>allowing the lender to upsize the bond to USD 600 mn. It features a 5.375% annual yield rate, with a yield to maturity of 5.439%.<\/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\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/green-bonds\/\">green bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"94029 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=\"94029\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/94029-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94029\" class=\"content-area-description single-story post-94029 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\/neo\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1087.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=\"94030\" 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=\"94030\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/mashreq-pledges-another-aed-1-bn-for-local-industry\/\">\r\n                            Mashreq pledges another AED 1 bn for local industry                        <\/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\/22\/mashreq-pledges-another-aed-1-bn-for-local-industry\/\" 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\/22\/mashreq-pledges-another-aed-1-bn-for-local-industry\/')\">\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\/22\/mashreq-pledges-another-aed-1-bn-for-local-industry\/\">\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=Mashreq pledges another AED 1 bn for local industry&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/mashreq-pledges-another-aed-1-bn-for-local-industry\/\">\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\/22\/mashreq-pledges-another-aed-1-bn-for-local-industry\/&title=Mashreq pledges another AED 1 bn for local industry\">\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=Mashreq+pledges+another+AED+1+bn+for+local+industry+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F22%2Fmashreq-pledges-another-aed-1-bn-for-local-industry%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\/22\/mashreq-pledges-another-aed-1-bn-for-local-industry\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1661.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94031\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/mashreq-pledges-another-aed-1-bn-for-local-industry\/1661-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1661.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1661.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1661.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1661.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94030\" class=\"content-area-description single-story post-94030 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam-uae tag-investment tag-investment-watch tag-mashreq 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\/.0fd33d44-b0a1-4181-b347-bc3483d40eeb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Our friends at Mashreq are allocating an additional AED 1 bn in financing <\/strong><strong>for the<\/strong><strong> industrial sector<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/mashreq-uae_mashreq-technologytransformation-competitivefinancing-activity-7220072233581334528-sGyT?utm_source=share&amp;utm_medium=member_desktop\" style=\"\" rel=\"noopener\">statement<\/a>. The investment marks an extension of Mashreq\u2019s ongoing partnership with the Industry Ministry, which saw Mashreq previously commit <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/it\/article\/hszrh8f8-moait-and-mashreq-join-forces-with-aed1bn-fund\" style=\"\" rel=\"noopener\">AED 1 bn<\/a> during the Make it in the Emirates 2023 Forum. <\/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 the funds are going: <\/strong><span style=\"background-color: transparent;\">The AED 1 bn is geared at offering additional financing solutions for industrial firms in the UAE, as part of the Make it in the Emirates initiative, and in line with the national strategy for industry and advanced technology, aimed at boosting the manufacturing sector's contribution to the country\u2019s GDP, <\/span><a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/140t1kr-mashreq-bank-allocates-additional-aed1-billion\" rel=\"noopener\">Wam<\/a><span style=\"background-color: transparent;\"> reports.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Mashreq also shelled out AED 970 mn in financing in 2023 to firms in the F&amp;B, metal, and building materials and construction sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MoIAT went big at Make it in the Emirates this year,<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/455d7335-840f-470a-b0cf-03941e258b79\/day-two-of%253cmark%253e-make-it-in-the-emirates%253c%2Fmark%253e:-more-funding,-new-digitization-initiatives,-and-new-manufacturers-set-up-shop-in-dubai\" style=\"\" rel=\"noopener\">securing<\/a> some AED 23 bn in pledges for local manufacturing, and launching the AI innovation program <a target=\"_blank\" href=\"https:\/\/moiat.gov.ae\/en\/media-center\/news\/2024\/06\/10\/miite-forum-transform-2024\" style=\"\" rel=\"noopener\">Transform 4.0<\/a> to support 100 manufacturers in digitalization and create a group of Industry 4.0 lighthouses over the next three to five years. Emirates NBD also pledged AED 5 bn in financing for the sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger picture:<\/strong> \u201cThese efforts support our strategic directions, including the development of AI applications, technological transformation, sustainability, and innovation,\u201d MoIAT under-secretary Omar Al Suwaidi said, adding that innovative financing edges industrial companies to expand operations and integrate AI, which transforms factories into smarter, more efficient ones and ramps up added national economic value.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/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=\"94032\" 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=\"94032\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/plenty-and-mawarids-usd-680-mn-jv-to-develop-five-indoor-farms\/\">\r\n                            Plenty and Mawarid's USD 680 mn JV to develop five indoor farms in the region                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/plenty-and-mawarids-usd-680-mn-jv-to-develop-five-indoor-farms\/\" 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\/22\/plenty-and-mawarids-usd-680-mn-jv-to-develop-five-indoor-farms\/')\">\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\/22\/plenty-and-mawarids-usd-680-mn-jv-to-develop-five-indoor-farms\/\">\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=Plenty and Mawarid's USD 680 mn JV to develop five indoor farms&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/plenty-and-mawarids-usd-680-mn-jv-to-develop-five-indoor-farms\/\">\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\/22\/plenty-and-mawarids-usd-680-mn-jv-to-develop-five-indoor-farms\/&title=Plenty and Mawarid's USD 680 mn JV to develop five indoor farms\">\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=Plenty+and+Mawarid%27s+USD+680+mn+JV+to+develop+five+indoor+farms+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F22%2Fplenty-and-mawarids-usd-680-mn-jv-to-develop-five-indoor-farms%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\/22\/plenty-and-mawarids-usd-680-mn-jv-to-develop-five-indoor-farms\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1663.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94033\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/plenty-and-mawarids-usd-680-mn-jv-to-develop-five-indoor-farms\/1663-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1663.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1663.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1663.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1663.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94032\" class=\"content-area-description single-story post-94032 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam-uae tag-fb tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.e82c1194-ae91-4cc1-b5a4-dfcdf5e2ef4c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The region is getting five indoor farms, courtesy of a new Mawarid JV: <\/strong>California-based vertical farming startup <a target=\"_blank\" href=\"https:\/\/www.plenty.ag\/\" style=\"\" rel=\"noopener\">Plenty<\/a> formed a USD 680 mn joint venture with Alpha Dhabi\u2019s <a target=\"_blank\" href=\"https:\/\/mawaridhi.com\/\" style=\"\" rel=\"noopener\">Mawarid<\/a> to develop five indoor farms across the region over the next five years, the companies told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/vertical-farming-startup-plenty-expand-via-680-mln-jv-with-uaes-mawarid-2024-07-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. One of the farms will be in Abu Dhabi, and will require an initial investment of USD 130 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Details: <\/strong><span style=\"background-color: transparent;\">The farm is expected to break ground early next year and could be operational by 2026. It aims to produce more than 4.5 mn pounds of premium strawberries annually for local consumption and export to GCC countries. The firm has already pre-sold its strawberry production in the UAE to US berry retailer Driscoll, according to Plenty.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An unnamed local bank will also be providing part of the financing through debt, alongside the JV<\/strong>, a rare move in the indoor farming sector which typically depends on venture capital funding. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Seeking high profitability:<\/strong> \u201cWe are targeting returns north of 20%, which is significantly higher than traditional agriculture. In that context, we think there's a lot of capital for the space,\u201d Plenty CEO Arama Kukutai said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The high costs of constructing new vertical farms has significantly hindered scaling production<\/strong>, and funding for indoor farming has dropped to just a fifth of its 2021 peak, according to PitchBook data. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vertical farming has long been a priority for the UAE:<\/strong> Dubai\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/de318fb8-f451-4827-b3e5-117fdc768a78\/adnoc-begins-crude-oil-production-from-belbazem-offshore-block\" style=\"\" rel=\"noopener\">Badia Farms partnered with Bahrain\u2019s Edamah<\/a> to invest several mn USD for a sustainable farm in Hamala, while Abu Dhabi\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7ceed540-c884-4932-b7d3-da75967971ca\/emirates-flight-catering-fully-acquires-world%25e2%2580%2599s-largest%253cmark%253e-vertical%253c%2Fmark%253e-farm\" style=\"\" rel=\"noopener\">Masdar City has launched<\/a> an indoor vertical farm with Singapore\u2019s Alesca Life. Additionally, Dubai\u2019s Crysp Farms raised <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5399c23f-707a-4a07-83e9-d805b10b8825\/crysp-farms-closes-usd-2.25-mn-pre-series-a-round-led-by-gatecapital\" style=\"\" rel=\"noopener\">USD 2.25 mn to expand<\/a> domestically and into new markets.<\/p>\n<p class=\"tag-border-left\">OTHER INVESTMENT NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beeah to invest AED 500 mn in Egypt: <\/strong>State-backed sustainability firm <a target=\"_blank\" href=\"https:\/\/www.beeahgroup.com\/\" style=\"\" rel=\"noopener\">Beeah<\/a> plans to invest AED 500 mn in Egypt\u2019s waste management and sustainability, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02RbtvtFSyTzqqhiMxaYrsTmt4ma7eMkoqieJ3EGR2hVV5JFEJ3gYYqGY6r71rx2bnl\" style=\"\" rel=\"noopener\">statement<\/a>. The firm wants to build multilateral partnerships with local and foreign partners and work with investment funds to reduce risk. This came during a meeting between company representatives and Egyptian Environment Minister Yasmine Fouad, during which they discussed potential investments available in the Egyptian local market, including medical waste management and agricultural waste recycling.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beeah is no stranger to Egypt: <\/strong>The firm was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/98575a69-d468-418a-bec8-147d30a089ef\" style=\"\" rel=\"noopener\">tapped<\/a> in December to develop the solid waste management infrastructure in Egypt\u2019s new capital. The firm, together with the Egyptian Administrative Capital for Urban Development, plans <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/baeeea7e-478e-4409-b072-764a98d2b902\/mashreq-global-network-is-expanding-outsourcing-operations-in-egypt.-plus:-news-from-efg-corp-solutions,-samcrete,-acud,-banque-misr\" style=\"\" rel=\"noopener\">to allocate<\/a> up to EGP 1 bn to the first phase of the project.<\/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\/fb\/\">F&amp;B<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94034\" 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=\"94034\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/adia-eyes-indian-biopharma-firm\/\">\r\n                            Adia submits USD 1.6 bn bid for Indian biopharma firm Bharat Serums and Vaccines                        <\/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\/22\/adia-eyes-indian-biopharma-firm\/\" 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\/22\/adia-eyes-indian-biopharma-firm\/')\">\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\/22\/adia-eyes-indian-biopharma-firm\/\">\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=Adia eyes Indian biopharma firm&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/adia-eyes-indian-biopharma-firm\/\">\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\/22\/adia-eyes-indian-biopharma-firm\/&title=Adia eyes Indian biopharma firm\">\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=Adia+eyes+Indian+biopharma+firm+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F22%2Fadia-eyes-indian-biopharma-firm%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\/22\/adia-eyes-indian-biopharma-firm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1160.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94035\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/adia-eyes-indian-biopharma-firm\/1160-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1160.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1160.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1160.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1160.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94034\" class=\"content-area-description single-story post-94034 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-abu-dhabi-investment-authority tag-enterpriseam-uae tag-ma-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.577a27fc-e0f8-4dee-9555-d13c1a53f9d3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Adia-led consortium bids USD 1.6 bn for Indian biopharma firm: <\/strong>A consortium comprising the Abu Dhabi Investment Authority (Adia) and Swedish private equity firm EQT has offered USD 1.6 bn to acquire Indian biopharma firm <a target=\"_blank\" href=\"https:\/\/bsvgroup.com\/\" style=\"\" rel=\"noopener\">Bharat Serums and Vaccines<\/a> (BSV Group), Indian newspaper <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/industry\/healthcare\/biotech\/pharmaceuticals\/mankind-pharma-competes-with-eqt-adia-combo-for-rs-14000-cr-buyout-of-bsv-group-from-advent\/articleshow\/111804993.cms?from=mdr\" style=\"\" rel=\"noopener\">Economic Times<\/a> reports, citing sources in the know. Indian <a target=\"_blank\" href=\"https:\/\/www.mankindpharma.com\/\" style=\"\" rel=\"noopener\">Mankind Pharma<\/a>, is also vying for the firm, having submitted a matching USD 1.6 bn bid to take over BSV from US private equity firm Advent International. A final decision is expected soon, the outlet added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">If Adia acquires the firm at the submitted value, it would mark one of India\u2019s largest pharma buyouts<\/strong><span style=\"background-color: transparent;\">, according to Economic Times.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala was also in the race: <\/strong>A consortium including Mubadala, New York-based private equity firm Warburg Pincus, and India-focused investment firm ChrysCapital was previously competing for BSV, however it did not submit a binding offer to Advent. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About BSV: <\/strong>Founded in 1971, BSV Group specializes in developing, manufacturing, and marketing injectable medicines with a focus on biotech and biological products.<\/p>\n<p class=\"tag-border-left\">OTHER M&amp;A NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Equitativa sells Trident Grand Mall:<\/strong> Equitativa, the manager of Emirates NBD\u2019s real estate investment trust (REIT), sold Trident Grand Mall for AED 74 mn to an unnamed investor, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1579.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The asset is the two floor retail section of Trident Grand Residence in Jumeirah Beach Residence, featuring 22 retail units and 164 basement parking spaces.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The proceeds of the sale will be used to redeem <\/strong><strong><a target=\"_blank\" href=\"https:\/\/reit.ae\/communication\/1fb8778f-8878-4d19-9a60-359006814325\/Screenshot%202024-06-07%20at%204.44.23%E2%80%AFPM.png?expiry=8dfb440\" style=\"\" rel=\"noopener\">USD 380 mn sukuk certificates<\/a><\/strong><strong> issued on 12 December<\/strong>, according to the statement. Following the sale, Emirate REIT will have nine properties across Dubai in its portfolio. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94036\" 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=\"94036\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/dp-world-evyap-group-merge-to-manage-two-key-turkish-ports\/\">\r\n                            DP World + Evyap Group merge to manage two key Turkish ports                        <\/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\/22\/dp-world-evyap-group-merge-to-manage-two-key-turkish-ports\/\" 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\/22\/dp-world-evyap-group-merge-to-manage-two-key-turkish-ports\/')\">\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\/22\/dp-world-evyap-group-merge-to-manage-two-key-turkish-ports\/\">\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=DP World + Evyap Group merge to manage two key Turkish ports&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/dp-world-evyap-group-merge-to-manage-two-key-turkish-ports\/\">\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\/22\/dp-world-evyap-group-merge-to-manage-two-key-turkish-ports\/&title=DP World + Evyap Group merge to manage two key Turkish ports\">\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=DP+World+%2B+Evyap+Group+merge+to+manage+two+key+Turkish+ports+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F22%2Fdp-world-evyap-group-merge-to-manage-two-key-turkish-ports%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\/22\/dp-world-evyap-group-merge-to-manage-two-key-turkish-ports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1675.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94037\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/dp-world-evyap-group-merge-to-manage-two-key-turkish-ports\/1675-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1675.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1675.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1675.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1675.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94036\" class=\"content-area-description single-story post-94036 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-dp-world tag-enterpriseam-uae tag-investment tag-ma-watch tag-turkey 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\/.cda65bb9-28c8-4144-a527-c3a500a9e993.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>DP World + Evyap Group partner to boost port management in Turkey:<\/strong> DP World and Turkey\u2019s Evyap Group have entered a strategic merger and formed a joint venture, DP World Evyap, for the management of two major ports in Turkey\u2019s Marmara region, a <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/news\/releases\/dp-world-and-evyap-group-forge-new-logistics-hub-to-boost-turkish-trade\/\" style=\"\" rel=\"noopener\">statement<\/a> said on Friday. Neither the investment ticket nor the timeline have been revealed.<\/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 breakdown:<\/strong><span style=\"background-color: transparent;\"> Under the new venture, DP world will hold a 58% stake in Evyapport, and Evyap Group will absorb a 42% share of DP World Yarimca, according to the statement. The two maritime gateways will be rebranded to DP World Evyap Yarimca and DP World Evyap K\u00f6rfez to reflect the transition.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said<\/strong>: \u201cThe new company will shorten operation times, increase service diversity and add value to our customers and T\u00fcrkiye's trade with efficiencies achieved across the two partnership terminals,\u201d said Evyap Holding CEO Mehmed Evyap.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Talk of the move between DP World and Evyap first made ink <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7d7b1e48-6074-46ab-a232-103de24e56a5\/dp-world-is-getting-a-majority-stake-in-turkey'\" style=\"\" rel=\"noopener\">nearly a year ago<\/a>. The completion of the transaction was contingent upon regulatory approval, which the pair have now obtained from the Turkish Competition Authority.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE \u2764\ufe0f Turkey:<\/strong> AD Ports Group is also reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/1a6e2873-76a8-46f3-a106-4a6910da9d74\/ad-ports-group-is-reportedly-in-talks-to-acquire-a-stake-in-turkey%25e2%2580%2599s-izmir-port\" style=\"\" rel=\"noopener\">in talks<\/a> to acquire a stake in the key Turkish port of Izmir in a USD 500 mn transaction. The agreement could see AD Ports shell out investments in an entity established by Turkey\u2019s sovereign wealth fund to operate the facility. The UAE and Turkey inked a trade agreement last year, as the two countries looked to ramp up bilateral trade and investments.<\/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\/dp-world\/\">DP World<\/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\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/turkey\/\">Turkey<\/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=\"94038\" 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=\"94038\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/emirates-nbd-adcb-sib-and-more-see-bottom-line-growth-in-2q-2024\/\">\r\n                            Emirates NBD, ADCB, SIB, and more see bottom line growth in 2Q 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/emirates-nbd-adcb-sib-and-more-see-bottom-line-growth-in-2q-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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href=\"https:\/\/api.whatsapp.com\/send?text=Emirates+NBD%2C+ADCB%2C+SIB%2C+and+more+see+bottom+line+growth+in+2Q+2024+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F22%2Femirates-nbd-adcb-sib-and-more-see-bottom-line-growth-in-2q-2024%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/emirates-nbd-adcb-sib-and-more-see-bottom-line-growth-in-2q-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1938.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94039\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/emirates-nbd-adcb-sib-and-more-see-bottom-line-growth-in-2q-2024\/1938-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1938.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1938.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1938.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1938.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94038\" class=\"content-area-description single-story post-94038 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-emirates-nbd 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\/.cf872ed7-6ad7-4b43-9ba3-b3a074305776.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have our first trickle of 2Q earnings<\/strong>, including of several major banks \u2014 which have been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a66b16ea-6667-46e4-b823-5a028c3414b8\/travel-ban-on-nigeria-lifted-%2B-indonesian-president-is-in-town\" style=\"\" rel=\"noopener\">widely expected<\/a> to report lower earnings on the back of a surge in interest payments on deposits and the corporate tax. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"background-color: transparent;\">EMIRATES NBD-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates NBD beat expectations with a 13.2% y-o-y increase in its net income to AED 7.06 bn in 2Q 2024<\/strong>, topping AED 7 bn for the first time ever, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1561.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The surge is attributed to \u201cthe strongest ever results from Emirates Islamic, improving margins in DenizBank and sizable recoveries bolstered by a buoyant economy,\u201d according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1562.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues remained relatively flat in 2Q at AED 10.71 bn, down 1% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six months basis<\/strong>, the lender\u2019s net income inched up 12% y-o-y to AED 13.78 bn in 1H 2024, while revenues stood at AED 21.38 bn, up 0.4% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>The bank achieved its highest half-yearly funded and non-funded income, with an asset growth of 41% y-o-y to USD 25 bn and a healthy deposit mix growing AED 39 bn in 1H 2024. The profitability of the corporate and institutional banking segment grew 64%, with corporate lending up 7% y-o-y. Global markets and treasury generated AED 1.3 bn in income during the six month period, despite a \u201cgeneral increase in cost of wholesale funding and term deposits due to higher interest rates.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bank\u2019s Islamic finance arm Emirates Islamic saw its bottom line grow <\/strong><strong>39.5% y-o-y to AED 852.3 mn in 2Q 2024,<\/strong> while its operating income also rose 12% y-o-y to AED 1.35 bn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1568.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. In 1H 2024, Emirates Islamic\u2019s bottom line climbed 37% y-o-y to a record AED 1.66 bn, driven by \u201csuperior levels\u201d in both funded and non-funded income, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1567.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenue rose 15% y-o-y to AED 2.7 mn in 1H 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates Islamic saw its total assets surpass the AED 100 bn mark at AED 102 bn,<\/strong> up 16% y-o-y, while deposits grew 14% y-o-y to AED 70 bn. Current and savings account balances accounted for 73% of total deposits, the bank said.<\/p>\n<p class=\"tag-border-left\"> ADCB- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADCB had a good quarter:<\/strong> ADX-listed Abu Dhabi Commercial Bank (ADCB)\u2019s net income rose 19.9% y-o-y in 2Q 2024 to reach AED 2.32 bn, according to the lender's <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1574.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. ADCB\u2019s operating income stood at 4.7 bn during the quarter, up 16% y-o-y. The bank also saw assets climb above AED 600 bn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1670.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf).<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six month basis,<\/strong> ADCB saw its net income reach AED 4.5 bn in 1H 2024, up 16.9% y-o-y, according to their financials. The bank\u2019s operating income reached AED 9.3 bn during the period, up 16.7% y-o-y, with the bank recording double-digit year-on-year growth in both net interest income and noninterest income.<\/p>\n<p class=\"tag-border-left\"> AJMAN BANK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ajman Bank\u2019s bottom line doubled to AED 108.1 mn in 2Q 2024<\/strong>, up 103% y-o-y, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1571.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The lender\u2019s net operating income stood at 233 mn in 2Q 2024, up 23% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 1H 2024: <\/strong>Ajman Bank\u2019s net income stood at AED 215.6 mn in 1H 2024, up 110% y-o-y. The bank\u2019s net operating income rose 1.6% y-o-y to 428.1 mn during the six-month period. <\/p>\n<p class=\"tag-border-left\"> SANAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala-owned Sanad logged AED 2.3 bn in revenues in 1H 2024, <\/strong>driven by \u201csignificant contributions from its core maintenance, repair, and overhaul and leasing divisions,\u201d <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b482gcg-sanad-logs-aed23-billion-revenue-during-2024\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The global aerospace engineering and leasing solutions company increased its global orderbook to AED 33 bn in 1H 2024, representing an AED 4 bn addition to its contracted business. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sanad expects to generate revenues of AED 4.5 bn in 2024<\/strong>, up 28% y-o-y, and double the revenue of 2022.<\/p>\n<p class=\"tag-border-left\"> SHARJAH ISLAMIC BANK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sharjah Islamic Bank (SIB)\u2019s net income rose 17% y-o-y to AED 306.5 mn in 2Q <\/strong><strong>2024,<\/strong> according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1573.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The bank\u2019s operating bottom line also rose 9% y-o-y to AED 524.3 mn in 2Q 2024, driven by improved net fees, commissions, and other income.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breakdown: <\/strong>Net income from financing and investment products totaled AED 362.5 mn during the quarter, up a marginal 4% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six-month basis, <\/strong>SIB\u2019s net income rose 14% y-o-y to AED 566.2 bn in 1H 2024, while its operating bottom line grew 7% y-o-y to AED 1.03 bn.<\/p>\n<p class=\"tag-border-left\"> PALM SPORTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>International Holding Company sports management subsidiary Palms Sports saw <\/strong><strong>its net income rise 6% y-o-y to AED 22.7 mn in 2Q 2024, <\/strong>according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1575.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The company\u2019s revenues saw a 212% y-o-y uptick during the quarter to reach AED 253.6 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 1H 2024<\/strong>, Palms Sports saw its net income after tax jump 28% y-o-y to reach AED 38.3 mn. Palms Sports\u2019 total revenues increased by 210% y-o-y, reaching AED 512 mn, driven by \u201cthe strategic acquisition of Securiguard Middle East and the successful implementation of new projects,\u201d according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1576.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> Palm Sports will be pursuing \u201cambitious plans for regional expansion, particularly in Egypt,\u201d the earnings release said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/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=\"94040\" 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=\"94040\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/rta-buys-aed-1-1-bn-low-carbon-buses\/\">\r\n                            Dubai\u2019s RTA to add AED 1.1 bn buses to fleet                        <\/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\/22\/rta-buys-aed-1-1-bn-low-carbon-buses\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The new fleet \u2014 set to be delivered in 2024 and 2025 \u2014 comes as part of the RTA\u2019s plans to boost public transport use to 25% by 2030, and to convert 100% of public transport buses to electric and hydrogen-powered buses by 2050. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>The order includes 40 electric buses and 50 city service buses from Chinese bus manufacturer <a target=\"_blank\" href=\"http:\/\/www.zhongtongbuses.com\/\" style=\"\" rel=\"noopener\">Zhongtong<\/a>, 400 city service buses from German <a target=\"_blank\" href=\"https:\/\/www.man.eu\/corporate\/en\/homepage.html\" style=\"\" rel=\"noopener\">MAN Truck & Bus<\/a>, 76 double-deckers from Volvo, and 70 articulated buses from Anadolu Isuzu. <\/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>Singapore\u2019s Mapletree to set up shop in Abu Dhabi:<\/strong> Singapore\u2019s real estate firm Mapletree Investments plans to open an Abu Dhabi office as it seeks to tap into the Emirati booming real estate sector, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-19\/temasek-s-mapletree-to-open-abu-dhabi-office-for-mideast-foray\" style=\"\" rel=\"noopener\">Bloomberg<\/a> writes, citing sources it says are in the know. Mapletree, which is owned by Singapore\u2019s state investor Temasek Holdings, re-hired its former vice president Khairul Abdullah (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/khairulabdullah\/?original_referer=https%3A%2F%2Fwww%2Egoogle%2Ecom%2F&originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) to lead its Middle East operations, the sources added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The company <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-28\/temasek-s-mapletree-posts-first-loss-since-2004-on-office-slump\" style=\"\" rel=\"noopener\">faced its first loss<\/a> in two decades during the fiscal year ending in March amid declining valuations in its office portfolios across the US, Europe, and Australia.<\/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>Abu Dhabi Airports rolls out smart travel project for automatic identification: <\/strong>Abu Dhabi Airports is set to launch a smart travel project at Zayed International Airport, integrating automatic biometric authentication systems at all the airport\u2019s security and operations touchpoints, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/transport\/abu-dhabi-airports-and-icp-partner-to-launch-the-worlds-first-of-its-kind-smart-travel-project\/\" style=\"\" rel=\"noopener\">statement<\/a>. Launched in partnership with the Federal Authority for Identity, Citizenship, Customs, and Port Security, the project will use the authority\u2019s databases to automatically authenticate departing passengers, eliminating the need for prior registration. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the project: <\/strong>The biometric systems, developed by AI transport solutions firm Next 50, were first introduced by Abu Dhabi Airports and Etihad Airways with the launch of the new terminal at Zayed International Airport in November 2023. The systems include automated registration, self-service baggage, and facial recognition at e-gates and boarding gates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project will be implemented in three phases<\/strong>, currently being expanded in five additional airlines\u2019 check-in areas, and boarding gates. Future stages will include Etihad Airways\u2019 lounge and duty-free retail outlets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Kilimanjaro teams up with Chinese firm for potential solar projects: <\/strong>Dubai-based renewable energy group Kilimanjaro Energy signed an MoU with Chinese solar energy systems supplier Skyworth Photovoltaic Technology to cooperate on global solar energy and energy storage projects in the commercial and industrial sectors, according to a statement from the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/july\/18-07\/dubai-chamber\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kilimanjaro eyes setting up shop in China: <\/strong>Kilimanjaro plans to open an office in China to offer consulting services for Chinese companies looking to expand into the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- UAE University set to get the largest solar power project in the Emirates\u2019<\/strong> <strong>education sector: <\/strong><a target=\"_blank\" href=\"https:\/\/www.ades.ae\/\" style=\"\" rel=\"noopener\">Abu Dhabi Energy Services (Ades)<\/a>, a subsidiary of state-run Taqa, kicked off a project to implement a 9 megawatt-peak solar power plant at the United Arab Emirates University in Al Ain, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/140t1l2-abu-dhabi-energy-services-uaeu-launch-countrys\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The project is poised to become the largest solar energy undertaking in the country\u2019s education sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project will cover 25% of the university\u2019s annual power needs <\/strong>via the installation of more than 14k ground-mounted solar panels. The project will take 13 months to complete.<\/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\">BUSINESS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai to support the establishment of a financial center in Indonesia's new <\/strong><strong>capital: <\/strong>The Dubai International Financial Centre agreed to support the establishment of the Nusantara Financial Centre in Indonesia\u2019s new capital under an MoU it signed with the Nusantara Capital City Authority, according to a statement from the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/july\/18-07\/difc\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The agreement will see both entities exchange expertise on regulatory frameworks and efficient business models to prompt businesses to open offices in both financial hubs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Indonesian President Joko Widodo <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cc160ce3-2320-4cb9-8d5c-dd56a9624087\" style=\"\" rel=\"noopener\">wrapped up a two-day visit to the UAE<\/a> on Wednesday, where he met his Emirati counterpart Sheikh Mohamed bin Zayed Al Nahyan at Qasr Al Watan in Abu Dhabi. The two leaders signed a raft of MoUs, building on the comprehensive economic partnership inked between the two countries in 2022. The visit also saw the UAE\u2019s Eagle Hills ink an agreement for a sizable real estate investment ticket, as well as cooperation on the banking front.<\/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>Central banks of UAE + Seychelles collaborate to streamline payments:<\/strong> The Central Bank of the UAE inked two MoUs with its counterpart in Seychelles to streamline cross-border transactions and integrate their payment networks, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/140v6rd-uae-seychelles-sign-mous-promote-use-local\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The first agreement seeks to facilitate the use of AED and SCR to settle commercial transactions between both countries, boost trade, and attract direct investments. The second agreement will see both banks link up their instant payment platforms to facilitate the electronic transfer of funds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The second trade settlement agreement in as many weeks: <\/strong>The CBUAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9bfaf334-d3a5-4418-a8a7-793b358f70ce\/cbuae-signs%253cmark%253e-currency-swap%253c%2Fmark%253e-agreement-with-ethiopia\" style=\"\" rel=\"noopener\">inked<\/a> an agreement with the National Bank of Ethiopia last week to explore the use of local currencies in trade and integrate their payment platforms.<\/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\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE launched a USD 150 mn global hospitals program<\/strong> aimed at building 10 hospitals in underserved communities, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b482g6t-uae-launches-global-initiative-build-hospitals\" style=\"\" rel=\"noopener\">Wam<\/a> writes. The first hospital set to be built under the program will be the UAE-Indonesia Hospital for Cardiac Diseases, currently under development in Surakarta and expected to open by 4Q 2024.<\/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\">FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DFSA slaps Symphony Services and its CEO with AED 1.3 mn fines: <\/strong>The Dubai Financial Services Authority (DFSA) issued penalty notices against Symphony Services and its CEO, Daniyar Jabarkulov, for providing false and misleading information for an AML risk assessment in December 2021 and not allowing access to requested documents during a visit in March 2022, <a target=\"_blank\" href=\"https:\/\/wam.ae\/ar\/article\/b4828hn-%D8%AF%D8%A8%D9%8A-%D9%84%D9%84%D8%AE%D8%AF%D9%85%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%AA%D8%AA%D8%AE%D8%B0-%D8%A5%D8%AC%D8%B1%D8%A7%D8%A1%D8%A7%D8%AA-%D8%B4%D8%B1%D9%83%D8%A9-%D8%B3%D9%8A%D9%85%D9%81%D9%88%D9%86%D9%8A\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fines: <\/strong>Symphony was fined AED 771.3k and had its registration as a non-financial business entity withdrawn, while CEO Jabarkulov was fined AED 513.2k and prohibited from holding any position or being employed by any licensed person or entity in the DIFC, and from engaging in any financial services-related profession. <\/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 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class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/gcc-issuers-raised-more-debt-in-1h-2014-with-saudi-leading-the-way\/\">\r\n                            GCC issuers raised more debt in 1H 2014, with Saudi leading the way leading the way                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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           <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1664.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94043\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/gcc-issuers-raised-more-debt-in-1h-2014-with-saudi-leading-the-way\/1664-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1664.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1664.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1664.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1664.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94042\" class=\"content-area-description single-story post-94042 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-planet-finance tag-sukuk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.aa2c3625-b238-4222-8b4d-69413fcc210f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sukuk and bond issuances by GCC countries grew 38% y-o-y to USD 75.5 bn in 1H 2024 <\/strong>with Saudi accounting for almost half of all sukuk and bond issuances out of the Gulf during the period, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/research-and-studies\/markaz-gcc-fixed-income-markets-see-755bln-in-primary-issuances-during-h1-2024-xi9xzigl\" style=\"\" rel=\"noopener\">data from Kuwait Financial Centre (Markaz)<\/a>. The first six months of 2024 saw 173 primary debt issuances in the GCC, up from 130 in the same period last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Saudi issues led the market, raising USD 37 bn through 44 sales<\/strong><span style=\"background-color: transparent;\"> to account for 49% of the total amount raised in the GCC, according to Markaz. <\/span><strong style=\"background-color: transparent;\">The UAE came second with a 27% share<\/strong><span style=\"background-color: transparent;\"> of issuances, raising USD 20.6 bn in 64 transactions.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How other GCC peers fared: <\/strong><\/p>\n<ul>\n<li><strong>Qatari issuers <\/strong>came in third with USD 10.5 bn raised across 39 transactions; <\/li>\n<li><strong>Bahraini <\/strong>raised USD 3 bn from 4 issuances, <strong>Kuwait <\/strong>raised USD 2.6 bn from 15, and <strong>Oman <\/strong>raised USD 1.7 bn from an undisclosed amount of issuances.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sovereign vs. Corporate:<\/strong> Sales by sovereign entities in the GCC grew 77% y-o-y during the period to USD 41.5 bn, accounting for 55% of total value of GCC primary issuances. The remaining 45% of primary issuances out of the GCC came from corporate issuers, which raised USD 34.0 during 1H 2024, marking a rise of 8% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sales by issuers in the financial sector raised USD 28.8 bn<\/strong>, good for a 38% share of all funds raised in the period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Conventional issuances made up 65% of total primary issuances in the Gulf <\/strong>at USD 48.8 bn \u2014 that\u2019s up 56% y-o-y. Sukuk issuances totalled USD 26.6 bn to account for 35% of total issuances.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>USD-denominated issuances accounted for 76% of total bond and sukuk sales<\/strong>, while SAR-denominated sales made up 12% of the total. (That\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e46e4934-bf8c-4e25-be01-792dea9f0119\" style=\"\" rel=\"noopener\">in line<\/a> with estimates by S&amp;P Global, which said Saudi sukuk issuances more than tripled y-o-y in 1H 2024 to USD 10 bn.)<\/p>\n<p class=\"tag-border-left\"> MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian shares opened lower this morning <\/strong>as investors around the world absorb the news that Joe Biden has dropped his bid for re-election \u2014<strong> but futures for major Wall Street benchmarks were up across the board<\/strong> in overnight trading. In Europe, futures for the CAC 40 were the only losers overnight \u2014 left-wing politicians there are still trying to figure out how to put together a government after defeating a challenge from the far-right in snap elections. <\/p>\n<p><a target=\"_blank\" id=\"t.004c3d5d1d84e5ac2ae6650bf292125b40ff4434\" 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\">9,246<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: -3.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,181<\/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: +3.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3618<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: -5.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.0% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.0% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,203<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +2.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">28,783<\/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: +15.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,505<\/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: +15.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,156<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +5.5%)<\/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>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\">4,827<\/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: +6.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 82.63<\/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\">-2.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.13<\/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>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 2,447<\/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\">-2.3%<\/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>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 67,655<\/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: +60.6%)<\/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 0.2% on Friday<\/strong> on turnover of AED 931.1 mn. The index is down 3.5% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Rapco Investment (+8.7%), Bank of Sharjah (+6.4%) and Apex Investment (+5.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>E7 Group (-6.6%), Fujairah Cement Industries (-3.4%) and National Corporation for Tourism and Hotels (-3.0%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index closed up 0.3% on turnover of AED 317.1 mn. Meanwhile Nasdaq Dubai rose 0.2%.<\/p>\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>DAE is buying back more of its bonds:<\/strong> Dubai Aerospace Enterprise (DAE) resumed its bond repurchase program this month, it said in a <a target=\"_blank\" href=\"https:\/\/www.nasdaqdubai.com\/trading\/disclosures\/db3dac15-ff23-44d2-be50-8fe80ec6c9df\" style=\"\" rel=\"noopener\">Nasdaq disclosure<\/a>. The company is allowed to buy back up to USD 266 mn of its outstanding bonds and is now offering indicative bids via Bloomberg for bonds across different maturities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The company <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/markets\/dubai-aerospace-approves-300-million-bond-repurchase-program-idUSB2N1VO019\/\" style=\"\" rel=\"noopener\">approved a USD 300 mn bond repurchase program<\/a> back in 2018. It has since repurchased USD 1.2 bn of company bonds on the grounds that \u201ctheir prices were misaligned with [the company\u2019s] credit ratings.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- GFH Financial Group appointed BHM Capital as liquidity provider <\/strong>for its listed shares on the DFM and ADX after receiving regulatory approval, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1621.pdf\" style=\"\" rel=\"noopener\">bourse disclosure (pdf)<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94044\" 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=\"94044\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/22\/president-discusses-ethiopian-mediation-with-sudans-burhan\/\">\r\n                            President discusses Ethiopian mediation with Sudan\u2019s Burhan                        <\/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\/22\/president-discusses-ethiopian-mediation-with-sudans-burhan\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The two heads also reviewed a mediation offer from Ethiopia to broker a ceasefire between the Sudanese army and the paramilitary Rapid Support Forces (RSF), <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/uaes-sheikh-mohammed-extends-support-sudan-end-crisis-2024-07-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing diplomatic sources in the know. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">#2- The General Civil Aviation Authority inked an MoU with China\u2019s Civil Aviation <\/strong><strong style=\"background-color: transparent;\">Authority <\/strong><span style=\"background-color: transparent;\">to boost air connectivity between the two countries\u2019 airports and enhance bilateral air transport relations, <\/span><a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b49ur2q-uae-china-sign-mou-foster-air-transport-relations\" rel=\"noopener\">Wam<\/a><span style=\"background-color: transparent;\"> reports. The agreement was signed during a round of air services consultations held in Beijing last week.<\/span><\/p>\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\"><strong>REMEMBER- <\/strong>Talk that the UAE and China have been eyeing potentially ramping up bilateral air traffic after years of stagnation has been swirling for a while. The two countries want to boost flights beyond the current 56 per week per country ceiling, although no specific cap has been disclosed 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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong> <strong>UAE + Slovenia hold political consultations:<\/strong> An Emirati delegation, led by Director of European Affairs Abdulrahman Ali Al Neyadi, met with Slovenian officials in Ljubljana for the second round of political consultations, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b499bmp-uae-slovenia-political-consultation-committee\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The meeting saw the two delegations highlight the role of cooperation between the two countries on both bilateral and global fronts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The UAE is prepared to send troops to Gaza in a multinational stabilization <\/strong><strong>mission after the war ends<\/strong>, Special Envoy to the Foreign Ministry Lana Nusseibah told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/922b1a12-9c39-4927-838c-9631143939eb\" style=\"\" rel=\"noopener\">Financial Times<\/a>, making the UAE the first country to announce its intention to deploy national forces to Gaza postwar. Nusseibah said that Abu Dhabi has held talks with the US regarding the plan and will participate in the mission provided that the US leads the mission and it receives an invitation from \u201ca reformed Palestinian Authority (PA), or a PA led by an empowered prime minister.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nusseibah discussed the deteriorating humanitarian situation in Gaza with <\/strong><strong>Belgian Foreign Minister Hadja Lahbib <\/strong>at her office last week in Brussels, ahead of the second round of political consultations between the two countries, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b48nw6p-uae-belgium-bilateral-relations-are-boosted-lana\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The two officials also explored bilateral cooperation in areas of mutual interest.<\/p>\n<p class=\"tag-border-left\">IN MORE DIPLO NEWS-<\/p>\n<ul>\n<li><strong>Foreign Affairs Minister Abdullah bin Zayed Al Nahyan discussed <\/strong><strong>strengthening bilateral ties and cooperation with his Croatian counterpart Gordan Grli\u0107-Radman <\/strong>during a phone call. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b482g9n-abdullah-bin-zayed-croatian-foreign-minister\" style=\"\" rel=\"noopener\">Wam<\/a>) <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/slovenia\/\">Slovenia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sudan\/\">Sudan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94046\" 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\/22\/94046-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94046\" class=\"content-area-description single-story post-94046 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;\">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;\">2 August (Friday): Abu Dhabi Extreme Championship, Mubadala 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;\">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>20-21 August (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/worldesgsummit.com\/\" style=\"\">The World ESG Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>21-22 August (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rexconferences.com\/conference-info\" style=\"\">Rex Fuels Global Expo & Conference 2024- Bitumen, Petrochemicals & Products<\/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;\">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>25 August (Sunday): Deadline to register for the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/web.cvent.com\/event\/815bd57e-4235-40ee-aaaf-59cb1da72d53\/summary\" style=\"\">AI Challenge<\/a><\/span><span style=\"font-weight:400;\">. <\/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 on 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>16-18 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldutilitiescongress.com\/\" style=\"\">World Utilities Congress<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>23-25 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfzo.org\/Events\/Upcoming-Events\/id\/702\/zones-and-the-shifting-global-economic-structures-unlocking-new-investment-avenues\" style=\"\">World<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfzo.org\/Events\/Upcoming-Events\/id\/702\/zones-and-the-shifting-global-economic-structures-unlocking-new-investment-avenues\" style=\"\">Freezones<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfzo.org\/Events\/Upcoming-Events\/id\/702\/zones-and-the-shifting-global-economic-structures-unlocking-new-investment-avenues\" style=\"\">Organization\u2019s Annual International Conference and Exhibition<\/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>25-26 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/steel.apexevents.cn\/\" style=\"\">Green Steel Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-26 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aerospacesummit.com\/\" style=\"\">Global Aerospace Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/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>1-3 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wetex.ae\" style=\"\">Water, Energy and Environment Technology Exhibition<\/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>2-3 October (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>8-10 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/b25n998-under-patronage-mansour-bin-zayed-inaugural-global\" style=\"\">The Global Rail Transport Infrastructure Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\">(Global Rail), Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-18 October (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ieee-ras.org\/conferences-workshops\/financially-co-sponsored\/iros\" style=\"\">IEEE\/RSJ International Conference on Intelligent Robots and Systems<\/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;\">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 (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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>26-27 October (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/theires.org\/Conference\/18859\/ICTTL\/\" style=\"\">International Conference on Tourism, Transport, and Logistics<\/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>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>3-10 November (Sunday-Sunday):<\/span> <span style=\"font-weight:400;\">Dubai Premier Padel P1, Dubai Dutyfree Tennis Stadium, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-7 November (Monday-Thursday): <\/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>11-14 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/\" style=\"\">Abu Dhabi International Petroleum Exhibition & Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>11-14 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/maritime-logistics\/\" style=\"\">ADIPEC Maritime and Logistics Exhibition and 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>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;\">26-27 November (Tuesday-Wednesday) Global Food Security Summit, 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>27-28 November (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rakenergysummit.rak.ae\/\" style=\"\">RAK Energy Summit<\/a><\/span><span style=\"font-weight:400;\">, 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>10-12 December (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/meira.me\/conference\/\" style=\"\">Middle East Investor Relations Association (MEIRA)<\/a><\/span><span style=\"\">, Conrad Abu Dhabi Etihad Towers Hotel, 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;\">JANUARY 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1 January (Wednesday): ADGM to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f7d3f193-18ec-4d19-8c9d-0a8bb935f0be\/this-morning:-lots-of-ipos-%2B-alkaabi-confirms-plans-for-second-nuclear-plant\" style=\"\">slash licensing fees<\/a><\/span><span> for retail and non-financial firms, and <\/span><span style=\"font-weight:400;\">hike fees for finance firms. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfutureenergysummit.com\/\" style=\"\">World Energy Summit<\/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: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>24-26 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mena.gh2events.com\/\" style=\"\">Connecting Hydrogen MENA<\/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;\">APRIL 2025<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>16-17 April: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/globalportsforum.com\/dubai-to-host-gpf\/\" style=\"\">Global Ports 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>Masdar issues USD 1 bn green bonds | Mashreq pledges AED 1 bn for industry | Adia eyes Indian biopharma firm<\/p>\n","protected":false},"featured_media":94021,"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-94020","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"8c798c4d-6155-42a4-88b4-0a415dba2844","teaser":"Masdar issues USD 1 bn green bonds | Mashreq pledges AED 1 bn for industry | Adia eyes Indian biopharma firm","photo_url":"https:\/\/ent.news\/2024\/7\/677.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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