{"id":94070,"date":"2024-07-23T00:00:00","date_gmt":"2024-07-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=94070"},"modified":"2025-12-15T00:56:13","modified_gmt":"2025-12-15T00:56:13","slug":"uae-eyes-more-african-trade-with-economic-partnership-with-mauritius","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/","title":{"rendered":"UAE eyes more African trade with economic partnership with Mauritius"},"content":{"rendered":"<section id=\"94072\" 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=\"94072\">\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\/23\/this-morning-economy-minister-abdulla-bin-touq-al-marri-is-headed-to-india-private-consumption-growth-to-moderate-this-year-emirates-nbd\/\">\r\n                            THIS MORNING: Economy Minister Abdulla bin Touq Al Marri is headed to India + Private consumption growth to moderate this year \u2013Emirates NBD                        <\/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\/23\/this-morning-economy-minister-abdulla-bin-touq-al-marri-is-headed-to-india-private-consumption-growth-to-moderate-this-year-emirates-nbd\/\" 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\/23\/this-morning-economy-minister-abdulla-bin-touq-al-marri-is-headed-to-india-private-consumption-growth-to-moderate-this-year-emirates-nbd\/')\">\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\/23\/this-morning-economy-minister-abdulla-bin-touq-al-marri-is-headed-to-india-private-consumption-growth-to-moderate-this-year-emirates-nbd\/\">\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=THIS MORNING: Economy Minister Abdulla bin Touq Al Marri is headed to India + Private consumption growth to moderate this year \u2013Emirates NBD&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/this-morning-economy-minister-abdulla-bin-touq-al-marri-is-headed-to-india-private-consumption-growth-to-moderate-this-year-emirates-nbd\/\">\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\/23\/this-morning-economy-minister-abdulla-bin-touq-al-marri-is-headed-to-india-private-consumption-growth-to-moderate-this-year-emirates-nbd\/&title=THIS MORNING: Economy Minister Abdulla bin Touq Al Marri is headed to India + Private consumption growth to moderate this year \u2013Emirates NBD\">\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=THIS+MORNING%3A+Economy+Minister+Abdulla+bin+Touq+Al+Marri+is+headed+to+India+%2B+Private+consumption+growth+to+moderate+this+year+%E2%80%93Emirates+NBD+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F23%2Fthis-morning-economy-minister-abdulla-bin-touq-al-marri-is-headed-to-india-private-consumption-growth-to-moderate-this-year-emirates-nbd%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\/23\/this-morning-economy-minister-abdulla-bin-touq-al-marri-is-headed-to-india-private-consumption-growth-to-moderate-this-year-emirates-nbd\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/536.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94073\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/this-morning-economy-minister-abdulla-bin-touq-al-marri-is-headed-to-india-private-consumption-growth-to-moderate-this-year-emirates-nbd\/536-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/536.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"536.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/536.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/536.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94072\" class=\"content-area-description single-story post-94072 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-abu-dhabi-investment-authority tag-diplomacy tag-economy tag-enterpriseam-uae tag-india tag-insurance tag-ipo-watch tag-ma-watch tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.9a4ce915-dc77-4ce6-9bc3-f07306665f04.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, lovely people. <\/strong>We have another busy issue for you this morning, filled with M&amp;A updates, data on the country\u2019s property market in 1H, and a big economic partnership agreement inked with Mauritius \u2014 the first agreement of its kind the UAE inks with an African country. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Key M&amp;A updates leading the news well today:<\/strong> Mubadala Capital just acquired a stake in stroller manufacturer Buggaboo, while Emirates Driving acquired a stake in Excellence Driving Center\u2019s parent company. <\/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> \u2014 though it feels much hotter \u2014 with an overnight low of 36\u00b0C. <strong>Abu Dhabi<\/strong> will see a high of 38\u00b0C, and an overnight low of 33\u00b0C. <\/p>\n<p class=\"tag-border-left\"> UPDATES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a><strong> #1- Adia-led consortium granted due diligence for possible Hargreaves Lansdown <\/strong><strong>takeover: <\/strong>A consortium led by the Abu Dhabi Investment Authority was granted due diligence by British investment platform Hargreaves Lansdown, which decided it will engage with the consortium following a revised takeover bid <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd629b16-aa50-4eac-bb92-cf374a7c6e95\/plenty-of-m&amp;a-to-start-off-the-week\" style=\"\" rel=\"noopener\">submitted<\/a> late June, according to a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd629b16-aa50-4eac-bb92-cf374a7c6e95\/plenty-of-m&amp;a-to-start-off-the-week\" style=\"\" rel=\"noopener\">London Stock Exchange filing (pdf)<\/a>. The revised takeover bid \u2014 which was priced at GBP 11.40 per share, and includes a GBP 0.30 per share dividend that can be reinvested \u2014 was the consortium\u2019s third following <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b621c113-0d36-4013-b351-34113ee59471\/adia-and-cvc-mull-another-bid-for%253cmark%253e-hargreaves-lansdown%253c%2Fmark%253e,-after-the-first-was-rejected\" style=\"\" rel=\"noopener\">several rejections<\/a>. Hargreaves\u2019 board said at the time it was willing to recommend the proposal. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hargreaves\u2019 board of directors extended the deadline for bidding to 5 August<\/strong> to allow time for the consortium to finalize details like the structure of the acquisition, a source close to the matter told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/ef8b6bcc-f7ff-4436-b9fd-cdf6bbe10cb2\" style=\"\" rel=\"noopener\">Financial Times<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The caveat: <\/strong>Investors have raised concerns over the fairness of the proposed takeover for Hargreaves\u2019 shareholders, the FT writes. The main sticking point is the weeding out of funds that will be unable to retain their stakes in Hargreaves following its delisting from the LSE, according to FT\u2019s sources. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>#2- More bids are in for the Telegraph: <\/strong>At least seven bids \u2014 including from Belgium\u2019s Mediahuis, UK media groups National World and News UK, and British investors Lord Maurice Saatchi and Paul Marshall \u2014 were submitted on Friday to buy out the Telegraph and Spectator from Abu Dhabi-backed RedBird IMI, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/410bd44f-806d-4b6d-aed1-3e6bbe499bce\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports, citing people close to the sale process. Some 20 parties showed interest in the transaction, with some after both papers and others eyeing only one. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other alternatives?<\/strong> RedBird could also move to buy out IMI and buy the papers itself if the bids are too low, the FT writes. Former Tory Chancellor Nadhim Zahawi is also reportedly preparing a GBP 600 mn bid for the papers, <a target=\"_blank\" href=\"https:\/\/news.sky.com\/story\/former-tory-chancellor-zahawi-plots-600m-telegraph-bid-13183206\" style=\"\" rel=\"noopener\">Sky News<\/a> reported. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Abu Dhabi-backed RedBird IMI formally <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f40ccdb9-f78b-4a85-a743-93705a67283a\/redbird-imi-to-auction-off%253cmark%253e-telegraph%253c%2Fmark%253e-and-spectator-rights-amid-uk-government-opposition\" style=\"\" rel=\"noopener\">withdrew its bid<\/a> to acquire British papers, the Telegraph and Spectator, following months of opposition from the UK government. RedBird sought out <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bd629b16-aa50-4eac-bb92-cf374a7c6e95\/plenty-of-m&amp;a-to-start-off-the-week\" style=\"\" rel=\"noopener\">first-round bids<\/a> by 19 July, aiming to sell the papers to recoup the GBP 600 mn invested last year to acquire the assets. This is the second time RedBird IMI receives bids for the papers, after it launched an auction in April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>Round two of the process is expected to commence in September, likely extending the sale into 4Q 2024. Investment banking advisers Robey Warshaw and Raine are analyzing the bids. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Ardent is live on the New York Stock Exchange:<\/strong> US hospital operator Ardent Health Services, in which Healthcare giant PureHealth holds a 26.05% stake, successfully wrapped its IPO and is now trading on the New York Stock Exchange, the hospital operator said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1699.pdf\" style=\"\" rel=\"noopener\">bourse filing (pdf)<\/a>. The company had been expecting a capital boost of up to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f7d3f193-18ec-4d19-8c9d-0a8bb935f0be\/lots-of-ipos-%2B-alkaabi-confirms-plans-for-second-nuclear-plant\" style=\"\" rel=\"noopener\">USD 800 mn<\/a> from the IPO, but the IPO was later downsized, with Ardent Health pricing it below the targeted range and raising around USD 192 mn, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/ardent-health-prices-us-ipo-below-target-range-raise-192-mln-2024-07-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The company sold some 12 mn shares at USD 16 each, valuing it at approximately USD 2.3 bn. Shares <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-18\/ardent-health-shares-drop-4-1-after-downsized-192-million-ipo\" style=\"\" rel=\"noopener\">ended roughly<\/a> flat on its debut. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The IHC healthcare subsidiary acquired the minority stake in a transaction valued at AED 1.8 bn in <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/health\/purehealth-acquires-aed18bn-stake-in-ardent-health-services\/\" style=\"\" rel=\"noopener\">May 2023<\/a>.<\/p>\n<p class=\"tag-border-left\"> PUBLIC SERVICE ANNOUNCEMENTs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#1- Abu Dhabi citizens can now exchange their granted residential lands<\/strong> for available lands managed by the Abu Dhabi Housing Authority through its Iskan Abu Dhabi Application, according to a <a target=\"_blank\" href=\"https:\/\/www.adha.gov.ae\/en\/Media-Center\/News\/2024-Q3-ADHA-launches-residential-land-exchange-service\" style=\"\" rel=\"noopener\">statement<\/a>. To be eligible for the exchange, the plots must be undeveloped and undivided, provided that neither party receives any financial compensation from the exchange. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The UAE will roll out a health ins. platform for tourist visas<\/strong>, offering emergency health coverage for visitors, according to a <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/b4afynv-%D8%A7%D9%84%D9%87%D9%88%D9%8A%D8%A9-%D9%88%D8%A7%D9%84%D8%AC%D9%86%D8%B3%D9%8A%D8%A9-%D8%A7%D9%84%D8%AA%D8%A3%D9%85%D9%8A%D9%86-%D8%A7%D9%84%D8%B5%D8%AD%D9%8A-%D9%84%D9%84%D8%AA%D8%A3%D8%B4%D9%8A%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%AD%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">statement<\/a> by the Federal Authority for Identity, Citizenship, and Customs. The platform will allow tourists to pick from a roster of different providers, director-general of the authority, Suhail Al Khaili, told <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/lifestyle\/health\/uae-health-insurance-with-tourist-visas-soon-as-new-project-announced\" style=\"\" rel=\"noopener\">Khaleej Times<\/a>. <\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>Economy Minister Abdulla bin Touq Al Marri is headed to India, <\/strong>leading a high-level delegation to explore ways to boost economic cooperation between the two countries, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4ag6dc-bin-touq-leads-uae-delegation-india-tomorrow\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Discussions will focus on establishing new partnerships in the areas of logistics, advanced industries, entrepreneurship, SMEs, environment, and investment across government and private sectors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new round of Investopia Global Talks will be held<\/strong> in Chennai, in southern India, in tandem with the visit, with the participation of over 300 investors, entrepreneurs, and economic experts from India and UAE. <\/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>#1- IHC-Ray Dalio partnership kicked further down the road: <\/strong>Abu Dhabi-based state-owned conglomerate IHC and hedge fund mogul Ray Dalio\u2019s planned investment firm partnership has been delayed further due to legal setbacks related to Dalio exiting from his USD 160 bn asset management firm, Bridgewater Associates, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-22\/dalio-s-exit-terms-at-bridgewater-said-to-delay-abu-dhabi-plans\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people in the know. His exit has sparked concerns that Dalio will use Bridgewater\u2019s intellectual property in the potential tie-up despite inking a non-compete agreement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-19\/ray-dalio-set-to-open-branch-of-family-office-in-abu-dhabi\" style=\"\" rel=\"noopener\">partnership<\/a> \u2014 initially set to launch last year \u2014 was set to see the Ray Dalio Family Office and IHC establish an asset management arm for AI giant G42 in Abu Dhabi Global Market, Bloomberg said. Dalio set up a family office in Abu Dhabi last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite the delays, several employees have already moved between the Dalio family office and G42<\/strong>, Bloomberg added. <\/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=\"wwtt5\"><\/a> <strong>#2-<\/strong><strong> Private consumption growth in the UAE is expected to slow down<\/strong><strong> in 2024 <\/strong>on the back of higher costs of living and higher interest rates, after growing nearly 12% last year, Emirates NBD\u2019s chief economist, Khatija Haque, writes for <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2024\/07\/23\/uae-withstands-impact-of-higher-interest-rates-even-as-fed-plans-a-september-cut\/\" style=\"\" rel=\"noopener\">the National<\/a>. Strong public sector consumption and investment underpinned last year\u2019s growth in private consumption, according to official data cited by Haque, who attributes the increase to population growth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Public and private investment will drive non-oil sector growth in 2024 and beyond,<\/strong> Emirates NBD forecasts, citing a surge in infrastructure investments during 1H 2024, particularly for major construction projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Public sector projects under execution totaled AED 334 bn at the end of June,<\/strong> adding more than AED 70 bn during 1H 2024, with the oil and gas sector drawing most of the value. In addition, several projects are planned across the transport, power, and water sectors, including the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9f47e051-fbaf-4d95-aa2a-9ac46f2506f5\/al-maktoum%253cmark%253e-airport%253c%2Fmark%253e-expansion-plans-back-on-track\" style=\"\" rel=\"noopener\">development of Al Maktoum International Airport<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2e6fe14b-43bd-4b61-a87e-e9b854b881b5\/saudi-arabian-investor-sedco-capital-dips-its-toes-in-dubai\" style=\"\" rel=\"noopener\">Dubai Metro\u2019s new Blue Line<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lower interest rates in late 2024 and 2025 could support consumption and investment in <\/strong><strong>the UAE<\/strong>, Emirates NBD expected, adding that investment in strategic public sector projects will likely proceed regardless of interest rate cuts, supporting medium-term economic activity. The lender predicts the UAE\u2019s non-oil sector will grow at a 5% clip in 2024, down from 6.2% in 2023.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Boeing delays thwart flydubai\u2019s expansion plans:<\/strong> UAE\u2019s budget carrier flydubai said its expansion plans will be significantly hampered by delays in Boeing\u2019s delivery schedule in a <a target=\"_blank\" href=\"https:\/\/news.flydubai.com\/flydubais-expansion-plans-stunted-by-extensive-delays-in-boeings-aircraft-delivery-schedules\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. The airline is now working on \u201cevaluating its route development plans and potential frequency revision across the network due to a lack of new aircraft deliveries over the next few months.\u201d The delay is also expected to affect flydubai\u2019s customers and its financial performance, it said in the statement. Fourteen 737 MAX aircraft, scheduled for delivery this year, will not be handed over to flydubai per Boeing\u2019s schedule revision. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not just flydubai who\u2019s frustrated with Boeing: <\/strong>Emirates\u2019 Tim Clark told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-22\/emirates-clark-now-sees-boeing-777x-aircraft-delayed-until-2026?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> he doesn\u2019t expect Boeing\u2019s 777X aircraft to enter commercial services before 2026, and that he \u201cwould not take kindly\u201d to further delays caused by a growing backlog of orders. Both carriers have been resorting to retrofit programs in order to grapple with the delays. <\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No surprises here \u2014 Kamala Harris is leading front pages everywhere after suddenly <\/strong><strong>becoming the frontrunner for the Democratic nomination<\/strong><strong>. <\/strong>Also getting attention: Israel is evacuating Khan Younis; ether ETFs are coming; and Google is keeping advertiser cookies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Harris <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/backed-by-biden-harris-scrambles-lock-up-white-house-bid-2024-07-22\/\" style=\"\" rel=\"noopener\">addressed<\/a><\/strong><strong> her campaign staff yesterday<\/strong> as her candidacy earned the backing of key party officials, with former House speaker Nancy Pelosi the latest to give Harris her stamp of approval. Hollywood celebrities <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/hollywood-donors-drop-dembargo-celebrities-back-harris-2024-07-22\/\" style=\"\" rel=\"noopener\">are also rallying around<\/a> Harris and donating to the campaign \u2014 and Charli XCX seemingly triggered a viral meme campaign after tweeting that Harris \u201cIS brat.\u201d The campaign is leaning into it in a bid to attract Gen Z votes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sitting vice president aims to lock-in the delegates she needs to secure her <\/strong><strong>nomination by tomorrow evening<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/harris-campaign-aims-lock-delegates-by-wednesday-evening-sources-say-2024-07-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The Democratic National Committee <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/07\/22\/democrats-nominee-virtual-convention-vote\" style=\"\" rel=\"noopener\">has agreed<\/a> to hold a virtual roll call to choose their nominee by Wednesday, 7 August. The formal convention will start on Monday, 19 August.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The key question on everyone\u2019s minds now:<\/strong> Who will Harris pick as her running mate? <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-22\/kamala-harris-likely-to-pick-from-rising-stars-for-running-mate\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/07\/22\/us\/politics\/kamala-harris-vp-list.html\" style=\"\" rel=\"noopener\">the New York Times<\/a> and <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/07\/21\/harris-potential-vp-picks-biden-dropout-00170204\" style=\"\" rel=\"noopener\">Politico<\/a> each have a list of folks they think are likely candidates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- The US Secret Service <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/07\/22\/2024\/secret-service-chief-kimberly-cheatle-admits-failure-over-trump-assassination-attempt\" style=\"\" rel=\"noopener\">admitted<\/a><\/strong><strong> its \u201cfailure\u201d in protecting Trump<\/strong> during his assassination attempt, and <strong>Biden <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/07\/22\/biden-suspending-campaign-endorsing-harris-right-thing\" style=\"\" rel=\"noopener\">said<\/a><\/strong><strong> dropping out of the race was \u201cthe right thing to do.\u201d<\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OVER IN GAZA- While Prime Minister Benjamin Netanyahu heads to Washington to <\/strong><strong>address congress tomorrow, Israel has ordered civilians to evacuate Khan Younis <\/strong>as it relaunches attacks against Hamas, sending hundreds of thousands to the humanitarian area in Al Mawasi by the coast and killing 70 Palestinians in the meantime. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-22\/israel-hamas-war-new-gaza-relocations-ordered-as-netanyahu-heads-to-us?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-orders-evacuation-part-gazas-khan-younis-after-renewed-rocket-fire-2024-07-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN BUSINESS NEWS- Several stories are making the rounds: <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The ripple effects of the global tech outage on Friday could last weeks<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/07\/22\/2024\/crowdstrike-it-problems-arent-over-yet\" style=\"\" rel=\"noopener\">experts say<\/a>, as flights continue to face delays across the world and healthcare services face ongoing snarls. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The US Securities and Exchange Commission approved the launch of ether ETFs <\/strong>six months after the successful launch of BTC ETFs, with trading expecting to kick off today, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/07\/22\/ether-etfs-seem-set-to-launch-on-tuesday-six-months-after-bitcoin-funds-debut.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reports. The ETFs could attract some USD 15 bn to market in its first year and a half, analysts expect. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Google is scrapping long-standing plans to replace third-party cookies<\/strong> \u2014 long used by advertisers \u2014 after receiving feedback that the transition would be disruptive and would impact all online publishers. Read Google\u2019s full blog post about the decision <a target=\"_blank\" href=\"https:\/\/privacysandbox.com\/news\/privacy-sandbox-update\/\" style=\"\" rel=\"noopener\">here<\/a>. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p 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\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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/india\/\">India<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/insurance\/\">insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94074\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/43010.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20607.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Rise every day<\/span>\r\n                <\/div>\r\n            <\/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\/43009.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/117160.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94075\" 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=\"94075\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/mubadala-acquires-majority-stake-in-bugaboo\/\">\r\n                            Mubadala snaps up majority stake in Dutch Bugaboo                        <\/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\/23\/mubadala-acquires-majority-stake-in-bugaboo\/\" 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\/23\/mubadala-acquires-majority-stake-in-bugaboo\/')\">\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\/23\/mubadala-acquires-majority-stake-in-bugaboo\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Mubadala acquires majority stake in Bugaboo&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/mubadala-acquires-majority-stake-in-bugaboo\/\">\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\/23\/mubadala-acquires-majority-stake-in-bugaboo\/&title=Mubadala acquires majority stake in Bugaboo\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Mubadala+acquires+majority+stake+in+Bugaboo+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F23%2Fmubadala-acquires-majority-stake-in-bugaboo%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\/23\/mubadala-acquires-majority-stake-in-bugaboo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1800.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94076\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/mubadala-acquires-majority-stake-in-bugaboo\/1800-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1800.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1800.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1800.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1800.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94075\" class=\"content-area-description single-story post-94075 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseam-uae tag-ma-watch tag-mubadala tag-mubadala-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.4fb6ebd3-9ba7-4096-a105-1f8fb2d33841.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mubadala buys into Bugaboo:<\/strong> Sovereign wealth fund Mubadala\u2019s investment arm Mubadala Capital acquired a majority stake in Amsterdam-based stroller manufacturer <a target=\"_blank\" href=\"https:\/\/www.bugaboo.com\/us-en\" style=\"\" rel=\"noopener\">Bugaboo Group<\/a> from US private investment firm Bain Capital, according to a <a target=\"_blank\" href=\"https:\/\/www.baincapital.com\/news\/mubadala-capital-acquire-bugaboo-group-iconic-parenting-solutions-brand\" style=\"\" rel=\"noopener\">press release<\/a>. The exact size and value of the majority stake was not disclosed, though sources told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/9d556b5b-677b-44ce-a73f-b969a77ea7d8\" style=\"\" rel=\"noopener\">Financial Times<\/a> it values Bugaboo at \u201cseveral hundred mn\u201d GBP. Bain Capital said that it will retain a minority stake in the Dutch firm, which it fully acquired in <a target=\"_blank\" href=\"https:\/\/www.baincapital.com\/news\/bugaboo-enters-next-growth-phase-new-shareholder-bain-capital-private-equity\" style=\"\" rel=\"noopener\">2018<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Mubadala will steer Bugaboo towards expansion: <\/strong><span style=\"background-color: transparent;\">Mubadala plans to extend Bugaboo\u2019s reach into growth markets and position the child products manufacturer as a \u201cconsolidator in the fragmented industry, with the objective of creating the global leader in the juvenile products space,\u201d the release reads.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Which growth markets? <\/strong>Mubadala is looking to grow the firm in geographies with \u201ca lot of organic growth but\u2026there are a lot of opportunities,\u201d such as the US and Asia, Antoun Ghanem, executive director and head of Mubadala Capital\u2019s private equity team in Europe, told the FT. Ghanem noted that the transaction could pave the way for further transactions, which can be small scale bolt-on acquisitions or larger \u201ctransformative\u201d mergers and acquisitions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Mubadala secured the acquisition through debt financing provided by First Abu Dhabi Bank, Citi, and Natixis Corporate &amp; Investment Banking, acting as arrangers and underwriters. Citigroup served as financial advisor to Mubadala Capital, while Barclays and Baird advised Bugaboo.<\/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>GFH Financial Group now holds a 76.63% majority stake in its subsidiary GFH Equities,<\/strong> after raising its stake by 12.5%, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1758.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The move is expected to reflect positively on the firm\u2019s financials. <\/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\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala-capital\/\">Mubadala Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94077\" 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=\"94077\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/property-prices-in-abu-dhabi-are-on-the-up-in-1h-plus-industrial-assets-in-dubai-see-heightened-demand\/\">\r\n                            Property prices in Abu Dhabi are on the up in 1H. Plus: Industrial assets in Dubai see heightened demand                        <\/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\/23\/property-prices-in-abu-dhabi-are-on-the-up-in-1h-plus-industrial-assets-in-dubai-see-heightened-demand\/\" 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\/23\/property-prices-in-abu-dhabi-are-on-the-up-in-1h-plus-industrial-assets-in-dubai-see-heightened-demand\/')\">\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\/23\/property-prices-in-abu-dhabi-are-on-the-up-in-1h-plus-industrial-assets-in-dubai-see-heightened-demand\/\">\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=Property prices in Abu Dhabi are on the up in 1H. Plus: Industrial assets in Dubai see heightened demand&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/property-prices-in-abu-dhabi-are-on-the-up-in-1h-plus-industrial-assets-in-dubai-see-heightened-demand\/\">\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\/23\/property-prices-in-abu-dhabi-are-on-the-up-in-1h-plus-industrial-assets-in-dubai-see-heightened-demand\/&title=Property prices in Abu Dhabi are on the up in 1H. Plus: Industrial assets in Dubai see heightened demand\">\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=Property+prices+in+Abu+Dhabi+are+on+the+up+in+1H.+Plus%3A+Industrial+assets+in+Dubai+see+heightened+demand+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F23%2Fproperty-prices-in-abu-dhabi-are-on-the-up-in-1h-plus-industrial-assets-in-dubai-see-heightened-demand%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\/23\/property-prices-in-abu-dhabi-are-on-the-up-in-1h-plus-industrial-assets-in-dubai-see-heightened-demand\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1802.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94078\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/property-prices-in-abu-dhabi-are-on-the-up-in-1h-plus-industrial-assets-in-dubai-see-heightened-demand\/1802-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1802.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1802.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1802.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1802.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94077\" class=\"content-area-description single-story post-94077 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-abu-dhabi tag-dubai tag-enterpriseam-uae tag-kezad tag-logistics 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\/.9c5982f1-dbd4-4b09-b0a2-88275a97a3f8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Prices in Abu Dhabi\u2019s property market are still on the rise: <\/strong>Property prices in Abu Dhabi rose between 2 and 21% in 1H 2024, as compared to 2H 2023, with the biggest increases hitting luxury units amid rising demand, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1705.pdf\" style=\"\" rel=\"noopener\">data (pdf) by Bayut<\/a>. Rentals also rose, particularly for apartments in luxury neighborhoods. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Luxury villas led the pack:<\/strong><span style=\"background-color: transparent;\"> The average advertised price-per-sq-ft for luxury villas in Abu Dhabi rose by up to 10% during the six-month period, with prices for luxury houses in Yas Island appreciating by 10.3%. For luxury apartments, Saadiyat Island recorded the highest appreciation at 6%, while premium flats in Yas Island and Al Reem Island logged price increases of nearly 2.8%.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Affordable housing was not spared: <\/strong>The advertised sales price-per-sq-ft in the affordable segment also \u201cgenerally increased,\u201d Bayut notes, adding that apartments in Al Ghadeer recorded a significant increase of 9.5% in 1H 2024, followed by affordable flats in Al Reef, which witnessed a modest rise of 2.2%. Budget-friendly villas in the emirate saw increases of up to 7%, with villas in Khalifa City as the exception, with a 1.7% price drop.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the rentals side: <\/strong>Rental rates for apartments in popular luxury neighborhoods saw \u201csignificant growth\u201d of up to 21%, especially in the Saadiyat Island and Al Raha Beach communities. Affordable apartment rentals appreciated by more than 7% in some areas \u2014 such as Al Muroor \u2014 on the back of strong demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rental rates for affordable villas saw a \u201cminor to moderate increase\u201d<\/strong> of nearly 7%, except for Shakhbout City, which recorded a minor decline. Upscale villas recorded rent hikes of up to 12% in 1H 2024, particularly in Al Bateen.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Increases are thanks to off-plan projects + more regulatory transparency: <\/strong>Price hikes across both the affordable and luxury segments were driven by a \u201cdiverse range of off-plan projects currently available in Abu Dhabi,\u201d Bayut CEO Haider Ali Khan said. \u201cWith the government proactively bringing in more regulation and transparency, we can expect the properties in the capital to continue drawing both local and international interest.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Biggest buck for investing: <\/strong>Affordable apartments in Al Ghadeer emerged as a \u201clucrative investment option in the budget-friendly category,\u201d offering a high projected return on investment (ROI) of 8.5%, according to Bayut\u2019s data. Al Reem Island maintained its popularity for luxury apartment purchases with a projected rental yield of 6.9%. For villas, Hydra Village offered the highest ROI of 8.1% for affordable houses, while Yas Island luxury villas had an ROI of 6.9%.<\/p>\n<p class=\"tag-border-left\">AJMAN- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The property market in Ajman also grew 33% y-o-y in 1H 2024 to log some 7k <\/strong><strong>transactions valued at over AED 9 bn<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/real-estate-transactions-in-ajman-reach-aed-9bln-in-the-first-half-of-2024-xr37h3yi\" style=\"\" rel=\"noopener\">statement<\/a> from the Ajman Government Media Office. More than half of that \u2014 57% \u2014 came from foreign investors, who poured some AED 6.05 bn into real estate in the emirate. The increase was attributed to a successful Ajman Real Estate Investment Exhibition, which attracted AED 195.8 mn investments, as well as a flexible regulatory environment and a diversity of real estate projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sales made up 77% of transactions with a total of AED 6.14 bn transactions<\/strong>, an increase of 37% y-o-y, while mortgages worth AED 1.8 bn made up the rest. <\/p>\n<p class=\"tag-border-left\">OTHER REAL ESTATE NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Industrial and logistics demand in Dubai rose 185% y-o-y in 1H 2024,<\/strong> logging almost 18 mn sqft of new requirements for industrial and logistics assets in the emirate, according to a report by global property consultant Knight Frank picked up by <a target=\"_blank\" href=\"https:\/\/www.cbnme.com\/news\/knight-frank-warehouse-rents-jump\/\" style=\"\" rel=\"noopener\">Construction Business News<\/a>. The emirate saw increased interest from institutional investors from the US, China, and Europe, driven by globally attractive sector yields of around 8.3%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Biggest sectors: <\/strong>The manufacturing and construction sectors comprised 11.7% and 11.1% of demand, followed by logistics, which made up 10.2%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rentals edged up: <\/strong>Jebel Ali Industrial (Grade B) logged the highest rental growth during the period at 38.5%, reaching AED 36 per sqft. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A shortage of new warehouses in Dubai sent demand spilling over to Abu Dhabi and Al Ain, <\/strong>with Abu Dhabi\u2019s Kezad Group \u2014 representing 55% of UAE\u2019s industrial supply \u2014 recording 88% occupancy in 1Q 2024. The warehouse also witnessed longer lease commitments, with the average lease length increasing to almost six years from four years in 2022. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More supply coming? <\/strong>Some 660k sqft of new supply is expected in Dubai in 2024, with an additional 1.3 mn sqft slated for handover in 2025.<\/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\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kezad\/\">Kezad<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"94079 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=\"94079\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/94079-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94079\" class=\"content-area-description single-story post-94079 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=\"94080\" 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=\"94080\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/uae-inks-economic-trade-agreement-with-mauritius\/\">\r\n                            UAE to boost trade with Africa after inking economic, trade agreement with Mauritius                        <\/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\/23\/uae-inks-economic-trade-agreement-with-mauritius\/\" 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\/23\/uae-inks-economic-trade-agreement-with-mauritius\/')\">\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\/23\/uae-inks-economic-trade-agreement-with-mauritius\/\">\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=UAE inks economic, trade agreement with Mauritius&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/uae-inks-economic-trade-agreement-with-mauritius\/\">\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\/23\/uae-inks-economic-trade-agreement-with-mauritius\/&title=UAE inks economic, trade agreement with Mauritius\">\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=UAE+inks+economic%2C+trade+agreement+with+Mauritius+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F23%2Fuae-inks-economic-trade-agreement-with-mauritius%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\/23\/uae-inks-economic-trade-agreement-with-mauritius\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1750.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94081\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/uae-inks-economic-trade-agreement-with-mauritius\/1750-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1750.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1750.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1750.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1750.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94080\" class=\"content-area-description single-story post-94080 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-uae tag-investment-watch tag-mauritius tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.55d9c9c8-503e-4e2e-85bf-b2552571e81d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE inks first economic partnership agreement with African nation: <\/strong>The UAE has signed an economic partnership agreement with Mauritius, set to grow the Emirates\u2019 economy by 0.96% and Mauritius\u2019 by over 1% by 2030, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4ag6m1-mohammed-bin-rashid-mauritius-witness-signing\" style=\"\" rel=\"noopener\">Wam<\/a> reports. This agreement marks the first of its kind to be signed between the UAE and an African country, and is expected to pave the way for \u201cincreased investment flows with this fast-growing economy,\u201d Investment Minister Mohammed Hassan Al Suwaidi <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4ag6p1-uae-ministers-officials-emphasise-importance\" style=\"\" rel=\"noopener\">said<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Lower tariffs:<\/strong><span style=\"background-color: transparent;\"> The agreement will eliminate tariffs on 99% of UAE imports to Mauritius and 97% on incoming Mauritian imports.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And tripling trade: <\/strong>The new economic pact is expected to triple trade between the two countries, aiming to increase non-oil bilateral trade to USD 500 mn within five years, up from USD 170 mn in 2023, Al Zeyoudi told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-22\/uae-signs-economic-pact-with-mauritius-aimed-at-boosting-trade\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The agreement will cover petrochemicals, heavy machinery, precious metals, and food, in addition to a particular focus on service sectors as the two countries are financial hubs, \u201c[complementing] each other,\u201d Al Zeyoudi said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus: More investments in logistics and trade? <\/strong>The agreement will also make way for investment into priority sectors such as logistics, manufacturing, tourism, and financial and professional services in Mauritius, Economy Minister Abdullah bin Touq Al Marri said, adding that there will be agreements in the upcoming \u201cweeks and months\u201d ahead. Investment Minister Mohammed Al Suwaidi also name-checked the ICT, tourism, transport, and financial services sectors as potential investment prospects for Emirati firms looking to invest in the country. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The terms of the agreement were finalized last <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4c923403-fb0c-4688-86ca-39ef3595cf3e\/uae,%253cmark%253e-mauritius%253c%2Fmark%253e-ink-cepa-%2B-foreign-ministry-condemns-prague-shooting#:~:text=New%20CEPA%20with,in%201H%202023.\" style=\"\" rel=\"noopener\">December<\/a>, aiming to foster increased trade and investment flows, as well as enhance private-sector collaboration between the two nations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fast facts: <\/strong>The UAE is the eighth-largest investor in Mauritius, with current investment standing at over USD 13.2 bn. The countries\u2019 bilateral trade came in at USD 170.4 mn in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pact will boost the UAE\u2019s trade with Africa and the Far East<\/strong>, with India, Mauritius, and the UAE \u2014 all of which have trade agreements in place with one another \u2014 set to work on joint projects, Al Zeyoudi told Bloomberg. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More incoming:<\/strong> The UAE is in talks with Japan and Malaysia to finalize the terms of bilateral trade agreements, with up to seven other pacts set to be inked before year-end, in addition to seven more agreements pending final ratification, Al Zeyoudi told <a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/125958\/2024\/22\/07\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A9-%D9%84%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A%D8%A9-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AA%D8%B3%D8%AA%D8%AB%D9%85%D8%B1-%D8%A3%D9%83%D8%AB%D8%B1-%D9%85%D9%86-13.2-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-%D9%85%D9%88%D8%B1%D9%8A%D8%B4%D9%8A%D9%88%D8%B3\" style=\"\" rel=\"noopener\">CNBC Arabia (watch, runtime: 3:59)<\/a>. Al Zeyoudi also revealed that the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/be1092a0-4949-4b50-868e-13adb738c990\/uae-inks-economic-and-trade-agreement-with-south-korea\" style=\"\" rel=\"noopener\">trade pact with South Korea<\/a> is slated to enter into force by 1Q 2025, pending final signing from the Korean side.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- The UAE is hoping to reactivate both bilateral and GCC-level trade talks with the EU <\/strong><strong>by the end of the year<\/strong>, Al Zeyoudi told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/uae-hopes-reactivate-trade-talks-with-eu-this-year-2024-07-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. A trade zone agreement with the Eurasian Economic Union could also be finalized before year\u2019s end, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Reuters <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e8b187f5-aa1d-49ab-8bd2-1107e91f5f88\/busy-morning\" style=\"\" rel=\"noopener\">reported<\/a><\/strong><strong> earlier this year that the UAE is nudging the EU towards a bilateral trade pact \u201cseparate from an Arab bloc,\u201d<\/strong> due to slow trade negotiations between the Union and the GCC. <\/p>\n<p class=\"tag-border-left\">OTHER DIPLOMACY NEWS-<\/p>\n<ul>\n<li><strong>President Sheikh Mohamed bin Zayed Al Nahyan met with Bahrain\u2019s King Hamad <\/strong><strong>bin Isa Al Khalifa in Abu Dhabi yesterday<\/strong>, where they discussed bolstering bilateral ties between the two nations at all levels. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4ag6j3-uae-president-and-king-bahrain-discuss\" 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\/diplomacy\/\">DIPLOMACY<\/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\/mauritius\/\">Mauritius<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94082\" 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=\"94082\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/emirates-driving-acquires-majority-stake-in-excellence-driving-center-owner\/\">\r\n                            Emirates Driving acquires majority stake in Excellence Driving Center owner                        <\/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\/23\/emirates-driving-acquires-majority-stake-in-excellence-driving-center-owner\/\" 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\/23\/emirates-driving-acquires-majority-stake-in-excellence-driving-center-owner\/')\">\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\/23\/emirates-driving-acquires-majority-stake-in-excellence-driving-center-owner\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Emirates Driving acquires majority stake in Excellence Driving Center owner&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/emirates-driving-acquires-majority-stake-in-excellence-driving-center-owner\/\">\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\/23\/emirates-driving-acquires-majority-stake-in-excellence-driving-center-owner\/&title=Emirates Driving acquires majority stake in Excellence Driving Center owner\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Emirates+Driving+acquires+majority+stake+in+Excellence+Driving+Center+owner+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F23%2Femirates-driving-acquires-majority-stake-in-excellence-driving-center-owner%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\/23\/emirates-driving-acquires-majority-stake-in-excellence-driving-center-owner\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1803.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94083\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/emirates-driving-acquires-majority-stake-in-excellence-driving-center-owner\/1803-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1803.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1803.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1803.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1803.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94082\" class=\"content-area-description single-story post-94082 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-abu-dhabi-investment-authority tag-dubai tag-emirates-driving tag-enterpriseam-uae tag-ma-watch tag-multiply-group 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\/.ada1c8e4-78e9-4f1c-a7b1-95f07004145e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>ADX-listed driving institute and Multiply subsidiary Emirates Driving acquired a <\/strong><strong>51% stake in Excellence Premier Investment<\/strong>, the owner of <a target=\"_blank\" href=\"https:\/\/www.excellencedriving.com\/en\" style=\"\" rel=\"noopener\">Excellence Driving Center<\/a>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1698.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The company acquired the stake for AED 153 mn, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/markets\/equities\/uaes-edc-acquires-51-stake-in-excellence-premier-investment-for-417mln-i2pe6taj\" style=\"\" rel=\"noopener\">Zawya<\/a> reported.<\/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 move comes as part of Emirates Driving\u2019s plans to expand locally and in the GCC and improve its services<\/strong><span style=\"background-color: transparent;\">, the statement said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Excellence Premier: <\/strong>The parent company of Excellence Driving Center \u2014 established in 2020 \u2014 also operates delivery, limousine, and auto workshop services, after setting up the center in 20 locations across Dubai. <\/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>Adia purchases shares in India\u2019s Vedanta: <\/strong>The Abu Dhabi Investment Authority (<a target=\"_blank\" href=\"https:\/\/www.adia.ae\/\" style=\"\" rel=\"noopener\">Adia<\/a>) was among several institutional investors that bought shares in Mumbai-based mining conglomerate <a target=\"_blank\" href=\"https:\/\/www.vedantalimited.com\/\" style=\"\" rel=\"noopener\">Vedanta<\/a> during its qualified institutions placement round, which offered up 193.1 mn shares at a 4.61% discounted issue price of INR 440 (AED 5.26) per share, <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/markets\/stocks\/news\/goldman-morgan-stanley-among-top-investors-in-usd-1-bn-vedanta-qip\/articleshow\/111902831.cms\" style=\"\" rel=\"noopener\">the Economic Times<\/a> reports, citing a bourse filing. The round raised over USD 1 bn, with <a target=\"_blank\" href=\"https:\/\/www.goldmansachs.com\/\" style=\"\" rel=\"noopener\">Goldman Sachs<\/a> AMC, <a target=\"_blank\" href=\"https:\/\/www.morganstanley.com\/\" style=\"\" rel=\"noopener\">Morgan Stanley<\/a>, <a target=\"_blank\" href=\"https:\/\/mf.nipponindiaim.com\/\" style=\"\" rel=\"noopener\">Nippon Mutual Fund<\/a>, <a target=\"_blank\" href=\"https:\/\/www.sbimf.com\/\" style=\"\" rel=\"noopener\">SBI Mutual Fund<\/a>, <a target=\"_blank\" href=\"https:\/\/www.utimf.com\/\" style=\"\" rel=\"noopener\">UTI Mutual Fund<\/a>, <a target=\"_blank\" href=\"https:\/\/www.icicipruamc.com\/\" style=\"\" rel=\"noopener\">ICICI Mutual Fund<\/a>, <a target=\"_blank\" href=\"https:\/\/mutualfund.adityabirlacapital.com\/\" style=\"\" rel=\"noopener\">Aditya Birla Mutual Fund<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.miraeassetmf.co.in\/\" style=\"\" rel=\"noopener\">Mirae Mutual Fund<\/a> also participating.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> Some 9.11% of the total issue size was allocated to funds run by Nippon Mutual Fund, while Morgan Stanley received 8.6% and SBI Mutual Fund received 7.9%. Vedanta plans to use the proceeds to de-leverage its balance sheet and edge the company towards its USD 10 bn EBITDA target.<\/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\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-driving\/\">Emirates Driving<\/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\/multiply-group\/\">Multiply Group<\/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=\"94084\" 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=\"94084\">\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\/23\/mena-glass-eyes-gulf-capitals-stake-in-middle-east-glass\/\">\r\n                            MENA Glass eyes Gulf Capital\u2019s stake in Middle East Glass                        <\/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\/23\/mena-glass-eyes-gulf-capitals-stake-in-middle-east-glass\/\" 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\/23\/mena-glass-eyes-gulf-capitals-stake-in-middle-east-glass\/')\">\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\/23\/mena-glass-eyes-gulf-capitals-stake-in-middle-east-glass\/\">\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=MENA Glass eyes Gulf Capital\u2019s stake in Middle East Glass&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/mena-glass-eyes-gulf-capitals-stake-in-middle-east-glass\/\">\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\/23\/mena-glass-eyes-gulf-capitals-stake-in-middle-east-glass\/&title=MENA Glass eyes Gulf Capital\u2019s stake in Middle East Glass\">\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=MENA+Glass+eyes+Gulf+Capital%E2%80%99s+stake+in+Middle+East+Glass+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F23%2Fmena-glass-eyes-gulf-capitals-stake-in-middle-east-glass%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\/23\/mena-glass-eyes-gulf-capitals-stake-in-middle-east-glass\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1776.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94085\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/mena-glass-eyes-gulf-capitals-stake-in-middle-east-glass\/1776-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1776.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1776.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1776.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1776.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94084\" class=\"content-area-description single-story post-94084 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseam-uae tag-gulf-capital 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\/.2f93a14f-bb7a-48b3-a3e6-be2ebf99b1f0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new entry in the race for Gulf Capital\u2019s stake in Middle East Glass: <\/strong>Parent firm MENA Glass Holding has submitted a mandatory tender offer to acquire an additional 40.8% \u2014 represented in 25.5 mn shares \u2014 in EGX-listed bottle maker <a target=\"_blank\" href=\"https:\/\/www.meg.com.eg\/\" style=\"\" rel=\"noopener\">Middle East Glass<\/a> (MEG) in a USD 57.8 mn transaction, Egypt\u2019s Financial Regulatory Authority said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1735.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> <\/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;\">MENA Glass Holding already holds 52.9% of MEG, while Gulf Capital\u2019s 36.9% stake (owned through special purpose vehicle MTM Packaging 2) makes it the second-largest shareholder. IGC Holdings owns 6.3%.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s selling?<\/strong> Gulf Capital is looking to offload its entire stake \u2014 represented in 23.1 mn shares \u2014 in the company, while OGC rejected the offer. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The offer on the table:<\/strong> MENA Glass has offered to pay USD 2.26 per share \u2014 which would put the transaction value at some USD 57.8 mn if the buyer ends up securing the full 40.8% and at some USD 52.2 mn if it only secures Gulf Capital\u2019s stake. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A huge markup:<\/strong> The offer marks a 774% premium to MEG\u2019s average share price of EGP 12.54 a piece over the six months ending on 21 April, when MENA Glass submitted the MTO to the FRA, and values the whole company at almost EGP 6.9 bn, according to our calculations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The end goal: <\/strong>If it succeeds in securing the full desired stake, the transaction will leave MENA glass with a 93.7% stake in MEG. It would get 87.4% without IGC\u2019s stake. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>MEG has 19 working days to respond to the offer \u2014 which gives it until Monday, 19 August. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Post-acquisition plans:<\/strong> MENA Glass plans to resume and continue the expansion plans determined before the transaction, including plans to enhance production efficiency, carry out required maintenance upgrades, and ramp up exports. The buyer also pledged not to delist the company\u2019s shares from the EGX.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Demand is high for Gulf Capital\u2019s stake<\/strong>, with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e7b24464-db51-40cd-83db-af04a5115c37\/\" style=\"\" rel=\"noopener\">many investors<\/a> expressing interest for the stake over the last quarter of 2023, including Africa-focused private equity firm Development Partners International, impact investor Mediterrania Capital Partners, and a number of other unnamed bidders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors:<\/strong> EFG Hermes will broker the acquisition, while Bahaa Eldin Law Office and MENA Associates will act as the buy side legal advisor. Arqaam Capital is the sell-side advisor.<\/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\/gulf-capital\/\">Gulf Capital<\/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=\"94086\" 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=\"94086\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/dus-net-income-grows-46-y-o-y-in-2q\/\">\r\n                            du\u2019s net income grows 46% y-o-y in 2Q                        <\/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\/23\/dus-net-income-grows-46-y-o-y-in-2q\/\" 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\/23\/dus-net-income-grows-46-y-o-y-in-2q\/')\">\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\/23\/dus-net-income-grows-46-y-o-y-in-2q\/\">\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=du\u2019s net income grows 46% y-o-y in 2Q&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/dus-net-income-grows-46-y-o-y-in-2q\/\">\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\/23\/dus-net-income-grows-46-y-o-y-in-2q\/&title=du\u2019s net income grows 46% y-o-y in 2Q\">\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=du%E2%80%99s+net+income+grows+46%25+y-o-y+in+2Q+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F23%2Fdus-net-income-grows-46-y-o-y-in-2q%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\/23\/dus-net-income-grows-46-y-o-y-in-2q\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1593.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94087\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/dus-net-income-grows-46-y-o-y-in-2q\/1593-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1593.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1593.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1593.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1593.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94086\" class=\"content-area-description single-story post-94086 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-du tag-earnings tag-earnings-watch tag-enterpriseam-uae tag-telecoms wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.f30e4ced-53a3-478f-a718-5267a1c7b569.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Emirates Integrated Telecommunications Company\u2019s (du) net income grew 46% y-o-y <\/strong>to AED 581 mn in 2Q 2024, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1760.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The telco saw its revenues rise 7.3% y-o-y to AED 3.6 bn on the back of robust growth in its mobile service revenues, du said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1759.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 style=\"background-color: transparent;\">The breakdown: <\/strong><span style=\"background-color: transparent;\">du\u2019s mobile services alone contributed AED 1.6 bn in revenues, marking a 6.6% y-o-y increase. The company also reported a 3.5% y-o-y growth in its fixed service revenues to AED 982 mn amid rising demand for its home wireless product and enterprise broadband services.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>du\u2019s net income over the first half of the year rose 54.2% y-o-y to <\/strong><strong>AED 1.18 bn.<\/strong> Meanwhile, the company booked AED 7.17 bn in revenues for 1H 2024, up 5.7% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What was said:<\/strong> \u201cWe have grown our subscriber base, revenues, profitability and [liquidity] generation, solidifying the stellar start we made this year. Our commercial momentum led to a strong growth in our service revenues in Q2 buoyed by significant large enterprise [transactions] with a robust pipeline of new projects as well as the launch of new innovative consumer products,\u201d du CEO Fahad Al Hassawi said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> The telco giant approved interim dividends of AED 0.2 per share, marking a 53.8% y-o-y increase. <\/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\/du\/\">du<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/telecoms\/\">telecoms<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94088\" 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=\"94088\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/blackrock-taps-new-chief-strategist-for-its-research-unit-for-the-middle-east-serco-has-a-new-coo-for-mena-plus-mbrsc-gets-new-board\/\">\r\n                            BlackRock taps new chief strategist for the Middle East + Serco has a new COO for MENA. Plus: MBRSC gets new board                        <\/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\/23\/blackrock-taps-new-chief-strategist-for-its-research-unit-for-the-middle-east-serco-has-a-new-coo-for-mena-plus-mbrsc-gets-new-board\/\" 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\/23\/blackrock-taps-new-chief-strategist-for-its-research-unit-for-the-middle-east-serco-has-a-new-coo-for-mena-plus-mbrsc-gets-new-board\/')\">\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\/23\/blackrock-taps-new-chief-strategist-for-its-research-unit-for-the-middle-east-serco-has-a-new-coo-for-mena-plus-mbrsc-gets-new-board\/\">\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=BlackRock taps new chief strategist for its research unit for the Middle East + Serco has a new COO for MENA. Plus: MBRSC gets new board&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/blackrock-taps-new-chief-strategist-for-its-research-unit-for-the-middle-east-serco-has-a-new-coo-for-mena-plus-mbrsc-gets-new-board\/\">\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\/23\/blackrock-taps-new-chief-strategist-for-its-research-unit-for-the-middle-east-serco-has-a-new-coo-for-mena-plus-mbrsc-gets-new-board\/&title=BlackRock taps new chief strategist for its research unit for the Middle East + Serco has a new COO for MENA. Plus: MBRSC gets new board\">\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=BlackRock+taps+new+chief+strategist+for+its+research+unit+for+the+Middle+East+%2B+Serco+has+a+new+COO+for+MENA.+Plus%3A+MBRSC+gets+new+board+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F23%2Fblackrock-taps-new-chief-strategist-for-its-research-unit-for-the-middle-east-serco-has-a-new-coo-for-mena-plus-mbrsc-gets-new-board%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\/23\/blackrock-taps-new-chief-strategist-for-its-research-unit-for-the-middle-east-serco-has-a-new-coo-for-mena-plus-mbrsc-gets-new-board\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1804.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94089\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/blackrock-taps-new-chief-strategist-for-its-research-unit-for-the-middle-east-serco-has-a-new-coo-for-mena-plus-mbrsc-gets-new-board\/1804-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1804.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1804.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1804.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1804.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94088\" class=\"content-area-description single-story post-94088 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-blackrock tag-dubai tag-enterpriseam-uae tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.e603fe81-189a-4276-81f7-d786283527b0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- US pr<\/strong>ivate equity giant <strong>BlackRock<\/strong> relocated Middle East and Asia Pacific chief strategist of its BlackRock Investment Institute unit, <strong>Ben Powell (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/sg.linkedin.com\/in\/ben-powell-cfa-20a65a\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>), from Singapore to Dubai,<\/strong> as the firm looks to expand its research division to the Middle East, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-22\/blackrock-boosts-mideast-presence-relocates-strategist-to-dubai\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Powell will focus on developing proprietary insights into the Middle East's macroeconomics, markets, and multi-asset classes, as he oversees the unit\u2019s activities in the APAC region.<\/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 move comes as the company sets up a Riyadh-based investments team <\/strong><span style=\"background-color: transparent;\">with up to USD 5 bn from Saudi Arabia\u2019s sovereign wealth fund, and after the private equity firm appointed a former Goldman Sachs executive to lead its UAE branch <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/362ab5ab-cb8a-47f4-bde8-3b9563710f18\/julius-baer-appoints-new-senior-banker-for-non-resident-indian-businesses-in-dubai\" rel=\"noopener\">last month<\/a><span style=\"background-color: transparent;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Public services<\/strong> firm <strong>Serco <\/strong>promoted <strong>Hana Abu Kharmeh (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/hana-abu-kharmeh-5baa1293?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>)<\/strong> to <strong>COO for the<\/strong><strong> Middle East<\/strong>, transitioning from her role as Chief People and Culture Officer, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/people-in-the-news\/hana-abu-kharmeh-takes-new-position-as-chief-operations-officer-for-serco-in-middle-east-wtw2bmgm\" style=\"\" rel=\"noopener\">press release<\/a>. Abu Kharmeh previously led the people department for over five years at Serco and will now lead technology and transition teams while continuing to oversee HR and workforce management, reporting to CEO Phil Malem. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>During her stint Serco managed to exceed the Emiratisation targets by seven times<\/strong>, which earned it a NAFIS UAE Award from the Emirati Talent Competitiveness Council, and boosted the number of female nationals in the business by 133% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Dubai<\/strong><strong> Ruler Sheikh Mohammed bin Rashid Al Maktoum reformed the board of directors of the Mohammed Bin <\/strong><strong>Rashid Space Centre,<\/strong> according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/july\/17-07\/mohammed-bin-rashid-issues-decision\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/july\/17-07\/mohammed-bin-rashid-issues-decision\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The revised board will be chaired by Hamad Obaid Al Mansoori (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/hamadalmansoori\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), with Yousuf Hamad Al Shaibani serving as vice chairman.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The Dubai Ruler also formed the Board of <\/strong><strong>Trustees for the Dubai Community Contributions Establishment, <\/strong>according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/july\/18-07\/mohammed-bin-rashid-issues-decision-forming\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/july\/18-07\/mohammed-bin-rashid-issues-decision-forming\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The board will be chaired by Hessa bint Essa Buhumaid (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/hessa-essa-buhumaid-76155914\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), with Ahmed Darwish Al Muhairi serving as vice chairman.<\/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\/blackrock\/\">BlackRock<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94090\" 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=\"94090\">\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\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/uae-sentencing-of-bangladeshi-nationals-gets-ink\/\">\r\n                            UAE sentencing of Bangladeshi nationals gets ink                        <\/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\/23\/uae-sentencing-of-bangladeshi-nationals-gets-ink\/\" 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\/23\/uae-sentencing-of-bangladeshi-nationals-gets-ink\/')\">\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\/23\/uae-sentencing-of-bangladeshi-nationals-gets-ink\/\">\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=UAE sentencing of Bangladeshi nationals gets ink&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/uae-sentencing-of-bangladeshi-nationals-gets-ink\/\">\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\/23\/uae-sentencing-of-bangladeshi-nationals-gets-ink\/&title=UAE sentencing of Bangladeshi nationals gets ink\">\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=UAE+sentencing+of+Bangladeshi+nationals+gets+ink+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F23%2Fuae-sentencing-of-bangladeshi-nationals-gets-ink%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\/23\/uae-sentencing-of-bangladeshi-nationals-gets-ink\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2234.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94091\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/uae-sentencing-of-bangladeshi-nationals-gets-ink\/2234-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2234.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2234.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2234.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2234.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94090\" class=\"content-area-description single-story post-94090 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-bangladesh tag-enterpriseam-uae tag-uae tag-uae-in-the-news wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.a6fcef19-dc53-493b-bb35-07fae2dcad9c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/emirates-uae-bangladesh-nationals-sentenced-prison-protests-beeeca89d282e7e37b73782081cc2811\" style=\"\" rel=\"noopener\">Associated Press<\/a><\/strong><strong> picked up news of Abu Dhabi <\/strong><strong>Federal Court of Appeal\u2019s<\/strong><strong> sentencing of dozens of Bangladeshi nationals <\/strong>for protesting against a controversial quota system back home in the UAE\u2019s streets. The ruling saw 53 individuals sentenced to 10 years in prison each, another to 11 years, and three to life imprisonment.<\/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\/bangladesh\/\">Bangladesh<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-in-the-news\/\">UAE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94092\" 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=\"94092\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/fab-india-lends-indian-renewables-aed-129-9-mn-dib-confirms-role-in-usd-3-25-bn-financing-for-gems\/\">\r\n                            FAB India lends Indian engineering firm credit facility + DIB confirms role in USD 3.25 bn financing for Gems                        <\/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\/23\/fab-india-lends-indian-renewables-aed-129-9-mn-dib-confirms-role-in-usd-3-25-bn-financing-for-gems\/\" 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\/23\/fab-india-lends-indian-renewables-aed-129-9-mn-dib-confirms-role-in-usd-3-25-bn-financing-for-gems\/')\">\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\/23\/fab-india-lends-indian-renewables-aed-129-9-mn-dib-confirms-role-in-usd-3-25-bn-financing-for-gems\/\">\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=FAB India lends Indian renewables AED 129.9 mn + DIB confirms role in USD 3.25 bn financing for Gems&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/fab-india-lends-indian-renewables-aed-129-9-mn-dib-confirms-role-in-usd-3-25-bn-financing-for-gems\/\">\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\/23\/fab-india-lends-indian-renewables-aed-129-9-mn-dib-confirms-role-in-usd-3-25-bn-financing-for-gems\/&title=FAB India lends Indian renewables AED 129.9 mn + DIB confirms role in USD 3.25 bn financing for Gems\">\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=FAB+India+lends+Indian+renewables+AED+129.9+mn+%2B+DIB+confirms+role+in+USD+3.25+bn+financing+for+Gems+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F23%2Ffab-india-lends-indian-renewables-aed-129-9-mn-dib-confirms-role-in-usd-3-25-bn-financing-for-gems%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\/23\/fab-india-lends-indian-renewables-aed-129-9-mn-dib-confirms-role-in-usd-3-25-bn-financing-for-gems\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1725.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94093\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/fab-india-lends-indian-renewables-aed-129-9-mn-dib-confirms-role-in-usd-3-25-bn-financing-for-gems\/1725-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1725.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1725.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1725.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1725.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94092\" class=\"content-area-description single-story post-94092 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-air-arabia tag-also-on-our-radar tag-aviation tag-banking tag-debt tag-dubai-islamic-bank tag-enterpriseam-uae tag-fab tag-gems-education tag-infrastructure tag-manufacturing tag-rakbank tag-telecoms wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.5788215b-6fa7-43d9-9474-054cbace9e05.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #1- FAB India advances loan for Uzbek solar plant: <\/strong><a target=\"_blank\" href=\"https:\/\/www.bankfab.com\/en-in\" style=\"\" rel=\"noopener\">First Abu Dhabi Bank\u2019s India office<\/a> advanced an INR 2.96 bn (c. AED 129.9 mn) credit facility to India-based renewables firm <a target=\"_blank\" href=\"https:\/\/www.jakson-green.com\/\" style=\"\" rel=\"noopener\">Jakson Green<\/a> for a 250 MW solar plant in Bukhara, Uzbekistan, the <a target=\"_blank\" href=\"https:\/\/energy.economictimes.indiatimes.com\/news\/renewable\/jakson-green-secures-rs-2-96-bn-credit-facility-from-first-abu-dhabi-bank\/111923333\" style=\"\" rel=\"noopener\">Economic Times<\/a> reports. This is the company's first renewables project in Uzbekistan and includes a 63 MW battery energy storage system.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Dubai Islamic Bank took the leading role in financing a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/30a14fdf-434d-4143-822d-d34f272bae51\/brookfield-led-consortium-to-invest-in%253cmark%253e-gems%253c%2Fmark%253e#:~:text=The%20details%3A,the%20education%20firm.\" style=\"\" rel=\"noopener\">USD 3.25 bn<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/30a14fdf-434d-4143-822d-d34f272bae51\/brookfield-led-consortium-to-invest-in%253cmark%253e-gems%253c%2Fmark%253e#:~:text=The%20details%3A,the%20education%20firm.\" style=\"\" rel=\"noopener\">sustainability-linked loan<\/a><\/strong><strong> for Gems Education<\/strong>, facilitating asset manager Brookefield\u2019s acquisition of a majority stake in the Dubai-based school operator, it said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dubai-islamic-bank-leads-landmark-325bln-financing-transaction-for-gems-education-odwrmg10\" style=\"\" rel=\"noopener\">press release<\/a>. The lender committed to over 50% of the financing transaction \u2014 one of its largest private-sector commitments \u2014 with the underwriting consortium also seeing participation from our friends at Mashreq and First Abu Dhabi Bank, as well as Abu Dhabi Commercial Bank. The financing allowed Gems to refinance its existing debt. <\/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\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Dubai Chambers teams up with SGS Gulf to boost Emirati exports: <\/strong>Dubai Chambers has inked an MoU with the Gulf arm of Swiss inspection and certification company <a target=\"_blank\" href=\"https:\/\/www.sgs.com\/en-eg\" style=\"\" rel=\"noopener\">SGS<\/a> to ensure local companies\u2019 exports comply with the test, inspection, and compliance standards enforced in 176 countries, a move which aims to boost Emirati exports to global markets, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/july\/22-07\/dubai-chamber-and-sgs\" style=\"\" rel=\"noopener\">statement<\/a> from the Dubai Media Office.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> The agreement is part of Dubai Chambers\u2019 Global Partnership Program, which seeks to attract foreign investments and support the expansion of local companies offshore.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Zero Gravity is now the sole distributor for Op<\/strong><strong>tical Control Systems:<\/strong> Abu Dhabi-based IT solutions provider <a target=\"_blank\" href=\"https:\/\/0g.ae\/\" style=\"\" rel=\"noopener\">Zero Gravity<\/a> signed an agreement with <a target=\"_blank\" href=\"https:\/\/www.ocsgmbh.com\/en\/\" style=\"\" rel=\"noopener\">Optical Control Systems (OCS)<\/a> to be the exclusive distributor of the German company\u2019s products in the UAE, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-07-22-1.4908000\" style=\"\" rel=\"noopener\">Al Bayan<\/a> reports. OCS provides quality control systems for the polymer and petrochemical industries.<\/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\">TELECOMS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TruDoc to get e& enterprise\u2019s CPaaS solution:<\/strong> Dubai-based telehealth company <a target=\"_blank\" href=\"https:\/\/trudocgroup.com\/\" style=\"\" rel=\"noopener\">TruDoc<\/a> will implement e& enterprise\u2019s communications platform as a service (CPaaS) solution engageX per an agreement they signed on Monday, according to a <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/ae\/news-releases\/trudoc-joins-forces-with-e-enterprise-to-revolutionize-healthcare-communications-in-uae-302202458.html\" style=\"\" rel=\"noopener\">statement<\/a> from TruDoc. The move seeks to improve TruDoc\u2019s customer service by integrating the company\u2019s multiple communication channels \u2014 including voice, chat, email, and video \u2014 into a unified platform.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai commissioned eight substations in 1H 2024: <\/strong>The Dubai Electricity and Water Authority (Dewa) commissioned eight 132 kV transmission substations with the cost of AED 1.36 bn in 1H 2024, along with the installation of 89 km of ground cables to support the substations, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/july\/22-07\/dewa-enhances-efficiency-of\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The substations have a total conversion capacity of 1.2k megavolt-amperes, and will be connected to the main electricity grid after Dewa awarded AED 176 mn in contracts to lay an additional 25 km of ground cables.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more in the pipeline: <\/strong>Dubai has 31 more 132 kV substations under construction, with plans to issue tenders for over 50 more within the next three years and financial proposals being reviewed for six more currently, Executive Vice President Hussein Lootah said, adding that 350 km of ground cables will also be added. The number of transmission substations in the emirate stood at 382 as of June 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\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rakbank USD 600 mn issuance rated BBB+: <\/strong>Fitch Ratings assigned the National Bank of Ras Al Khaimah\u2019s (Rakbank) USD 600 mn social bond issuance a BBB+ senior unsecured long term rating, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1761.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> RAKBank issued the first-ever public social bond in the GCC <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e0cd7ef9-7627-4210-960d-e5b8108a3fa6\/masdar-raises-usd-1-bn-in-second-green-bond-issuance#:~:text=The%20National%20Bank,maturity%20of%205.439%25.\" style=\"\" rel=\"noopener\">last week<\/a> \u2014 a USD 600 mn, five-year EUR Medium-Term Note bond \u2014 under its Social Finance Framework. The issuance was 3x oversubscribed. <\/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>Budget carrier Air Arabia added the Maldives to its destination network<\/strong>, launching daily non-stop flights between Sharjah and the islands starting 27 October, according to a <a target=\"_blank\" href=\"https:\/\/press.airarabia.com\/air-arabia-adds-maldives-to-its-global-network\/\" style=\"\" rel=\"noopener\">statement<\/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\/air-arabia\/\">Air Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-islamic-bank\/\">Dubai Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fab\/\">FAB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gems-education\/\">GEMS Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/manufacturing\/\">MANUFACTURING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/rakbank\/\">RAKBank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/telecoms\/\">telecoms<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94094\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"94094\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/the-bad-habits-of-nbfis-are-a-growing-threat-to-the-global-financial-system-watchdog-warns\/\">\r\n                            The bad habits of NBFIs are a growing threat to the global financial system, the Financial Stability Board warns                        <\/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\/23\/the-bad-habits-of-nbfis-are-a-growing-threat-to-the-global-financial-system-watchdog-warns\/\" 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\/23\/the-bad-habits-of-nbfis-are-a-growing-threat-to-the-global-financial-system-watchdog-warns\/')\">\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\/23\/the-bad-habits-of-nbfis-are-a-growing-threat-to-the-global-financial-system-watchdog-warns\/\">\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=The bad habits of NBFIs are a growing threat to the global financial system, watchdog warns&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/the-bad-habits-of-nbfis-are-a-growing-threat-to-the-global-financial-system-watchdog-warns\/\">\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\/23\/the-bad-habits-of-nbfis-are-a-growing-threat-to-the-global-financial-system-watchdog-warns\/&title=The bad habits of NBFIs are a growing threat to the global financial system, watchdog warns\">\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=The+bad+habits+of+NBFIs+are+a+growing+threat+to+the+global+financial+system%2C+watchdog+warns+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F23%2Fthe-bad-habits-of-nbfis-are-a-growing-threat-to-the-global-financial-system-watchdog-warns%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\/23\/the-bad-habits-of-nbfis-are-a-growing-threat-to-the-global-financial-system-watchdog-warns\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/475.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94095\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/the-bad-habits-of-nbfis-are-a-growing-threat-to-the-global-financial-system-watchdog-warns\/475-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/475.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"475.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/475.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/475.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94094\" class=\"content-area-description single-story post-94094 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-financial-markets tag-planet-finance 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\/.0baaf01e-cfee-4f2e-a485-fcedeaa69648.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.fsb.org\/\" style=\"\" rel=\"noopener\">Financial Stability Board<\/a><\/strong><strong> (FSB) is urging global financial regulators to tighten their <\/strong><strong>grip on non-banking financial institutions (better known as NBFIs). <\/strong>Klass Knot, the FSB chair whose name might make for a good Bond villain, expressed the worries in a letter to G20 finance ministers and central bank governors ahead of their Rio de Janeiro meeting later this week, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/82fa6805-aa6c-461a-8874-11883a7d906a\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports. Knot wants regulators to step up both the rollout of tighter rules and enforcement. <a target=\"_blank\" href=\"https:\/\/www.fsb.org\/2024\/07\/fsb-chairs-letter-to-g20-finance-ministers-and-central-bank-governors-july-2024\/\" style=\"\" rel=\"noopener\">You can read the full letter here<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">IN CONTEXT- No fire without a spark: <\/strong><span style=\"background-color: transparent;\">The FSB, a key international watchdog, has been concerned about the risks posed by NBFIs since a March 2020 meltdown triggered when debt-laden hedge funds pile into cash (and sold down other assets) as the covid-19 crisis set it.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Detractors call NBFIs \u201cshadow banks,\u201d <\/strong>and Knot thinks they control AUM worth USD 218 tn \u2014 nearly half of all assets in the global financial system, exposing everyone to the risks posed by the heavily indebted sector, according to the salmon-colored paper. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CULPRIT- Higher leverage + less oversight and low transparency: <\/strong>NBFIs including hedge funds and finance companies have been \u201ctaking on additional leverage through off-balance sheet exposures, including foreign exchange swaps and forwards\u201d that has \u201cgrown significantly over the past decade,\u201d said Knot. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The problem: <\/strong>Unlike banks, which are heavily regulated, NBFIs often operate with higher leverage and less oversight, making them more susceptible to financial shocks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pitch: The FSB wants to see regulators demand NBFIs hold more liquid assets<\/strong> and engage in regular stress tests \u2014 and impose tighter rules on redemptions at money market funds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the FSB matters: <\/strong>The body was set up in the aftermath of the 2008 global financial crisis to monitor and make recommendations about the global financial system. Its primary purpose is to coordinate national financial authorities and international standard-setting bodies to develop and promote the implementation of effective regulatory, supervisory, and other financial sector policies. <strong>It\u2019s quasi-governmental:<\/strong> The FSB is made up of the central bank governors and finance ministers of major economies, along with international financial and economic bodies such as the IMF, and the World Bank. FSB has no legally binding powers of its own.<\/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>To indulge in the armchair analysis that the financial press loves to fall back on when <\/strong><strong>looking at how markets are moving: <\/strong>Asian investors are mixed on the prospect of Kamala Harris as the Democratic nominee for this fall\u2019s elections. Shares are up in early trading in Australia, Japan, and South Korea (all key US allies in Asia), while the Shanghai Composite is down and the Hong Kong\u2019s Hang Seng is flat. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wall Street welcomed Joe Biden\u2019s decision to step down<\/strong>, with the Dow, S&amp;P 500, and Nasdaq all rising. US and European equities futures were up in overnight trading. <\/p>\n<p><a target=\"_blank\" id=\"t.b4d079792611861be1b9946b85a40a41d6410e35\" 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\">9,279<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: -3.1%)<\/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>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\">4,179<\/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: +2.9%)<\/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>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3,628<\/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: -5.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.0% 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-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,175<\/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: +1.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">28,992<\/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\">+16.5% (YTD: +0.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,564<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1% (YTD: +16.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,199<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +6.0%)<\/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>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\">4,897<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.5% (YTD: +8.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 82.40<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.23<\/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\">-0.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,445<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 67,918<\/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: +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 DFM fell 0.1% yesterday<\/strong> on turnover of AED 331.9 mn. The index is up 2.9% 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>Shuaa Capital (+14.9%), Al Salam Bank (+9.7%) and Dubai National Ins. &amp; Reins. (+8.6%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Mashreqbank (-3.3%), Spinneys (-2.0%) and Amanat Holdings (-1.8%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index rose 0.4% on turnover of AED 1.2 bn. Meanwhile Nasdaq Dubai closed up 0.3%.<\/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\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94096\" 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\/23\/94096-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94096\" class=\"content-area-description single-story post-94096 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 style=\"font-weight:400;\"> for retail and non-financial firms, and 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>Mubadala acquires stake in Bugaboo | Abu Dhabi property prices up in 1H | Emirates Driving acquires stake in Excellence Driving Center<\/p>\n","protected":false},"featured_media":94071,"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-94070","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c4f3e37d-10ce-4809-9329-b3bc32236e56","teaser":"Mubadala acquires stake in Bugaboo | Abu Dhabi property prices up in 1H | Emirates Driving acquires stake in Excellence Driving Center","photo_url":"https:\/\/ent.news\/2024\/2\/1712.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>UAE eyes more African trade with economic partnership with Mauritius - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE eyes more African trade with economic partnership with Mauritius\" \/>\n<meta property=\"og:description\" content=\"Mubadala acquires stake in Bugaboo | Abu Dhabi property prices up in 1H | Emirates Driving acquires stake in Excellence Driving Center\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T00:56:13+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1712.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/\",\"name\":\"UAE eyes more African trade with economic partnership with Mauritius - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1712.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-07-23T00:00:00+00:00\",\"dateModified\":\"2025-12-15T00:56:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1712.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1712.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/uae\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"UAE eyes more African trade with economic partnership with Mauritius\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"UAE eyes more African trade with economic partnership with Mauritius - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/","og_locale":"en_US","og_type":"article","og_title":"UAE eyes more African trade with economic partnership with Mauritius","og_description":"Mubadala acquires stake in Bugaboo | Abu Dhabi property prices up in 1H | Emirates Driving acquires stake in Excellence Driving Center","og_url":"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/","og_site_name":"UAE","article_modified_time":"2025-12-15T00:56:13+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1712.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/","url":"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/","name":"UAE eyes more African trade with economic partnership with Mauritius - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1712.jpg?fit=%2C&ssl=1","datePublished":"2024-07-23T00:00:00+00:00","dateModified":"2025-12-15T00:56:13+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1712.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1712.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/issues\/uae-eyes-more-african-trade-with-economic-partnership-with-mauritius\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/uae\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"UAE eyes more African trade with economic partnership with Mauritius"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/94070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/94070\/revisions"}],"predecessor-version":[{"id":94118,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/94070\/revisions\/94118"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/94071"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=94070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=94070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=94070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}