{"id":94354,"date":"2024-07-31T00:00:00","date_gmt":"2024-07-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=94354"},"modified":"2025-12-15T01:01:07","modified_gmt":"2025-12-15T01:01:07","slug":"adia-backs-adani-energy-in-secondary-share-sale","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/adia-backs-adani-energy-in-secondary-share-sale\/","title":{"rendered":"ADIA backs Adani Energy in secondary share sale"},"content":{"rendered":"<section id=\"94356\" 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=\"94356\">\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\/31\/this-morning-an-update-on-sidaras-takeover-bid-for-wood-group-mubadala-taps-advisors-for-sale-of-brazilian-assets\/\">\r\n                            THIS MORNING: An update on Sidara\u2019s takeover bid for Wood Group? + Mubadala taps advisors for sale of Brazilian assets                        <\/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\/31\/this-morning-an-update-on-sidaras-takeover-bid-for-wood-group-mubadala-taps-advisors-for-sale-of-brazilian-assets\/\" 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\/31\/this-morning-an-update-on-sidaras-takeover-bid-for-wood-group-mubadala-taps-advisors-for-sale-of-brazilian-assets\/')\">\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\/31\/this-morning-an-update-on-sidaras-takeover-bid-for-wood-group-mubadala-taps-advisors-for-sale-of-brazilian-assets\/\">\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: An update on Sidara\u2019s takeover bid for Wood Group? 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\u2014 filled with M&amp;A and investment updates, and another fresh dose of real estate data. But first \u2013 an update on our Olympics run:<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Swimmer Yousuf Al Matrooshi narrowly missed the semi-finals<\/strong> after finishing joint-second alongside St Lucia's Jayhan Odlum-Smith \u2014 though he beat his personal record with a 50.39-second finish time. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Up today: <\/strong>Emirati Judoka Aram Grigorian will compete in the round of 32 at 1:06pm. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>The mercury is peaking at 43\u00b0C today in <strong>Dubai<\/strong>, before cooling to an overnight low \u2014 if we can call it that \u2014 of 36\u00b0C. Over in <strong>Abu Dhabi<\/strong>, temperatures will hit 41\u00b0C, with an overnight low of 35\u00b0C. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No, it\u2019s not just you. We are seeing an extreme bout of heat and humidity this year:<\/strong> Dubai\u2019s \u201cfeels-like\u201d temperatures crossed 60\u00b0C on multiple days this summer, well above the 54\u00b0C threshold known to potentially lead to \u201cextreme danger\u201d to health. The extreme heat this year can be attributed to climate change as well as rapid urbanization, according to Bloomberg \u2014 which is particularly magnified here in the region due to its dry desert landscape. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- Are you planning to be in Egypt on 24 September? <\/strong>You may be interested in attending our 2024 Enterprise Finance Forum. Seating is strictly limited at our flagship, invitation-only forum for C-suite executives and other senior leaders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why attend? We\u2019re in the early days of a generational realignment of power in our <\/strong><strong>industry<\/strong> \u2014 in our region and beyond \u2014 and on the cusp of <strong>the biggest intergenerational transfer of wealth the world has ever seen<\/strong>. With that as the backdrop, we\u2019re going to take stock of where we stand six months after the float of the EGP and ask what\u2019s next for finance in Egypt and the wider region. Among the questions we\u2019ll be asking:<\/p>\n<ul>\n<li>What roles will Egypt, Saudi and the UAE play in the regional industry going forward? <\/li>\n<li>What are foreign investors looking for right now? <\/li>\n<li>Is real estate the only asset class in Egypt?<\/li>\n<li>What does the next generation of leaders think as they take over established family businesses? <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Do you want to request an invitation? <\/strong>Tap or click the image below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"http:\/\/finance2024.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/272.jpg?ssl=1\"><\/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=\"wwtt1\"><\/a> <strong>We might hear from Dubai\u2019s Sidara about its offer to acquire UK engineering firm Wood <\/strong><strong>Group today<\/strong>, which marks the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a34b15eb-7613-494e-84e6-8348973333f2\/another-adnoc-acquisition%3F-%2B-sharjah-sets-final-yield-on-usd-1-bn-sukuk-auction\" style=\"\" rel=\"noopener\">deadline<\/a> for it to submit a fresh bid or otherwise withdraw its offer. The company was granted due diligence and allowed to engage with Wood in June, after Wood had turned down its three previous bids. The engineering and consulting firm\u2019s latest bid saw it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/de98445d-93db-4679-a8ea-e4fb0f1e69be\/%253cmark%253esidara%253c%2Fmark%253e-gets-access-to-due-diligence-on-wood-group\" style=\"\" rel=\"noopener\">offer to acquire<\/a> Wood Group at GBP 2.3 per share, valuing the company at GBP 1.59 bn, which it said would be its final offer. <\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>#1- Adnoc could hear back from Covestro soon:<\/strong> German chemicals company Covestro expects to give an update on Adnoc\u2019s acquisition bid \u201crelatively soon\u201d, Covestro\u2019s Chief Financial Officer Christian Baier told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/europe\/covestro-lowers-upper-end-2024-profit-target-tougher-economy-2024-07-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. \u201cTalks with Adnoc continue in a very constructive manner,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember<\/strong>- The Emirati state-owned oil company raised its takeover bid to EUR 11.7 bn, or EUR 62 per share, in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0baa8498-7476-44fd-b102-ca389dc06758\/adnoc-%2B%253cmark%253e-covestro%253c%2Fmark%253e-kick-off-negotiations-after-revised-takeover-bid\" style=\"\" rel=\"noopener\">June<\/a>. Adnoc said this would be its final offer, after increasing its bid three times during the talks, which have been going on for over a year. If the transaction goes through, it will be the biggest acquisition from a Middle Eastern buyer in Europe in 16 years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Covestro cut earnings forecast for 2024: <\/strong>Covestro's EBITDA fell 16.9% y-o-y in 2Q 2024 to EUR 320 mn in 2Q 2024, prompting the company to tone down its full-year forecast to EUR 1-1.4 bn from EUR 1-1.6 bn, citing economic headwinds.<\/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=\"wwtt3\"><\/a> <strong>#2- Mubadala taps advisors to sell Brazilian port: <\/strong>Sovereign wealth fund Mubadala subsidiary Mubadala Capital and Singapore trading giant Trafigura Group have reportedly hired Goldman Sachs and UBS BB, a JV between Swiss UBS and Brazil\u2019s Banco do Brasil, to advise on the sale of Brazilian iron-ore port terminal operator, Porto Sudeste, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/wealth\/funds\/mubadala-trafigura-hire-ubs-bb-and-goldman-sachs-to-sell-brazil-port-sources-say-iiz7oysu\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing people familiar with the matter. The two firms are also reportedly looking to sell Morro do Ip\u00ea, the mining project they own in the Brazilian state of Minas Gerais. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The sale will possibly take place within six to nine months,<\/strong> though potential buyers have not been yet contacted, one of the sources revealed. Porto Sudeste disclosed that it is in early talks with financial advisors to explore a sale in a regulatory filing earlier this month. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Bloomberg reported that Mubadala is looking to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/46be0d75-f281-4fa6-8fb1-4ea1c84c385e\/are-gcc-trade-talks-with-the-uk-on-track-after-change-in-gov%25e2%2580%2599t%3F#:~:text=%231%2D%20Mubadala%20to,of%20the%20acquisition.\" style=\"\" rel=\"noopener\">shed the assets<\/a> earlier this month, as it looks to to use the sale proceeds to boost investments in Bahia state, including a planned refinery for green diesel and sustainable aviation kerosene. The port had exported below its capacity last year due to competition from Vale SA\u2019s export facilities.<\/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\"><strong>Twelve new economic activities are now eligible for the Tajer Abu Dhabi License <\/strong>from the Abu Dhabi Business Centre at the Abu Dhabi Department of Economic Development, without requiring a physical location or rent payments to obtain the permit, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/abu-dhabi-department-of-economic-development-adds-12-new-activities-to-tajer-abu-dhabi-licence\/\" style=\"\" rel=\"noopener\">statement<\/a>. The added activities include maritime consultancy services, tourism and recreation consultancy, logistics consultancy, network consultancies, textiles and apparel printing, and design and artwork services.<\/p>\n<p class=\"tag-border-left\"> DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DIFC companies surpass 6k: <\/strong>The Dubai International Financial Centre (DIFC) welcomed 820 new companies in 1H 2024, up 24% y-o-y to 6.2k, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4f7ndm-difc-continues-drive-future-finance-with\" style=\"\" rel=\"noopener\">Wam<\/a> reports. DIFC now hosts over 370 wealth and asset management firms, including over 50 hedge funds, with a total of USD 700 bn in assets under management, up 58% y-o-y. The number of funds marketed within or from the center also increased to 10k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Occupancy levels at DIFC-owned properties remained high at 99.6%,<\/strong> while third-party office space reached 89%. To address the high demand, DIFC plans to add 1.6 mn sqft of A-grade commercial space in the next three years, with the inauguration of DIFC Innovation One adding over 200k sqft of space in 1Q 2024.<\/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>For the first time in weeks, there\u2019s more business news occupying front pages in the <\/strong><strong>foreign press than politics<\/strong>, as Microsoft and Samsung kicked off 2Q earning season for Big Tech yesterday, fueling another market sell-off amid continued concerns about the commercial viability of AI.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT FIRST- Israel attacked a southern suburb in Beirut yesterday<\/strong>, claiming it killed a senior Hezbollah advisor. Israeli officials said no other attacks are planned for the time being, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-30\/israel-says-it-struck-beirut-targeting-hezbollah-commander?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The attack came in retaliation to a strike on the Golan Heights that killed 12 children and teenagers and for which Israel blamed Hezbollah. Three Lebanese civilians died in the Israeli attack, including two children, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/hezbollah-israel-conflict-not-inevitable-us-defense-secretary-says-2024-07-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN TECH NEWS- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Investors continued to sell Big Tech, with Nvidia down 7% yesterday <\/strong>ahead of the sector\u2019s earnings this week. The tech-heavy Nasdaq ended the day 1.3% down, while S&amp;P 500 fell 0.5%. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8d466353-a84a-4a63-a793-eac06412d8a6\" style=\"\" rel=\"noopener\">FT<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Microsoft\u2019s Azure cloud service saw a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.microsoft.com\/en-us\/investor\/earnings\/FY-2024-Q4\/press-release-webcast\" style=\"\" rel=\"noopener\">slowdown in growth<\/a><\/strong><strong> in 4Q 2023-2024<\/strong>, while capital spending hit USD 19 bn, with the tech giant saying the figure will increase in the new fiscal year. Microsoft\u2019s <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-30\/microsoft-reports-slower-azure-cloud-growth-shares-drop?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">shares were down<\/a> 4% in extended trading following the results, which fueled already persistent concerns among investors about the excessive capital expenditure in AI and the lack of a fast pay-off. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Samsung saw its bottom line increase six-fold on the back of a rebound in <\/strong><strong>semiconductor prices <\/strong>and as earnings recovered from a low base, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2560.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>#4- Intel plans to slash thousands of jobs<\/strong> in a cost reduction drive possibly as early as this week, as it continues to face subdued demand for its computer chips amid the AI boom. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-30\/intel-to-cut-thousands-of-jobs-to-reduce-costs-fund-turnaround?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND IN OTHER BUSINESS NEWS- Standard Chartered announced plans for a USD 1.5 bn <\/strong><strong>share buyback program<\/strong> \u2014 its biggest ever \u2014 as it lifted its income outlook on strong growth in Asia. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/stanchart-announces-15-bln-share-buyback-first-half-profit-rises-5-2024-07-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LATER THIS WEEK- Opec+ is expected to reaffirm its commitment to cutting production <\/strong><strong>when it meets this Thursday<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-likely-stick-output-policy-aug-1-jmmc-meeting-2024-07-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- US Vice President Kamala Harris is set to announce her running mate as early as <\/strong><strong>next Monday<\/strong> before a multi-state battleground tour later next week. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/harris-her-vp-pick-will-tour-battleground-states-next-week-sources-2024-07-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p class=\"tag-border-left\">OLYMPICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Today should see the postponed men\u2019s triathlon finally happen<\/strong> \u2014 weather permitting (thunderstorms are expected in the evening) \u2014 after being delayed from the previous day due to poor water quality levels in the Seine. Also watch out for: <strong>Nadal and Alcaraz\u2019s tennis doubles quarterfinal<\/strong> against the US\u2019 Austin Krajicek and Rajeev Ram; <strong>100m swimming freestyle<\/strong> finals for men and women; and <strong>artistic gymnastics<\/strong> finals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Highlights from yesterday:<\/strong> <strong>Simone Biles<\/strong> clinched her <strong>fifth gold medal<\/strong> in the women\u2019s team event; and <strong>Andy Murray<\/strong> and his double\u2019s partner <strong>Dan Evans<\/strong> made it to the quarterfinals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The medal standings now at the Paris Olympics:<\/strong><\/p>\n<ul>\n<li>Japan (7 gold, 13 overall)<\/li>\n<li>China (6 gold, 14 overall)<\/li>\n<li>Australia (6 gold, 11 overall)<\/li>\n<li>France (5 gold, 18 overall)<\/li>\n<li>South Korea (5 gold, 11 overall)<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to see when your favorite sport is on?<\/strong> <a target=\"_blank\" href=\"https:\/\/olympics.com\/en\/paris-2024\/schedule\/29-july\" style=\"\" rel=\"noopener\">Check out the official schedule 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 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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/adia-backs-adani-energy-in-secondary-share-shale\/\">\r\n                            ADIA backs Adani Energy in secondary share shale                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2580.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94360\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/adia-backs-adani-energy-in-secondary-share-shale\/2580-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2580.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2580.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2580.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2580.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94359\" class=\"content-area-description single-story post-94359 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-abu-dhabi-investment-authority tag-energy tag-enterpriseam-uae tag-investment-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.74bcc2d3-ac5e-492d-a87e-924a928fe3e3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Abu Dhabi Investment Authority and Qatar Investment Authority have <\/strong><strong>invested in Indian conglomerate Adani\u2019s power distribution arm Adani Energy Solutions\u2019 secondary share sale<\/strong>, which is worth up to USD 1 bn, alongside more than 50 other investors, two sources told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/indias-adani-energy-sets-floor-price-fundraise-2024-07-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The qualified institutional placement raised USD 700 mn, with a so-called greenshoe option for another USD 300 mn, the sources said. <\/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 details:<\/strong><span style=\"background-color: transparent;\"> The floor price for the issue was set at INR 1,027.11, at a discount to Tuesday's close of INR 1,124.9, according to a company statement cited by Reuters.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The share sale is the first since Adani was forced to scrap a separate USD 2.5 bn share sale last year following a report from US-based Hindenburg Research's accusing it of stock manipulation and tax fraud. ADIA was reportedly <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-25\/ihc-adia-among-bidders-for-adani-s-2-5-billion-share-sale\" style=\"\" rel=\"noopener\">among the bidders<\/a> for the share sale at the time. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE has ties with Adani:<\/strong> Adani Energy <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/07e245da-9a63-488e-8d38-bb80e46853f8\/%253cmark%253eadani%253c%2Fmark%253e-and-ihc-form-jvs-to-seek-business-in-india\" style=\"\" rel=\"noopener\">recently partnered<\/a> with an International Holding Company subsidiary to expand smart metering in India, while another Adani subsidiary agreed to digitize India\u2019s economy through AI and blockchain with another IHC venture. <\/p>\n<p class=\"tag-border-left\">OTHER ADIA NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADIA invested USD 6 mn in Indian pharma company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.akums.in\/\" style=\"\" rel=\"noopener\">Akums<\/a><\/strong><strong> ahead of its IPO, <\/strong>acting as an anchor investor, according to Akums\u2019 <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2581.pdf\" style=\"\" rel=\"noopener\">bourse filing (pdf)<\/a>. Adia purchased over 736k shares for USD 6 mn, representing a 6.03% stake. Akums raised nearly USD 99 mn from anchor investors, including US asset manager BlackRock and Indian SBI Mutual Fund. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong>The company allocated earlier this week a total of 1.22 bn shares at INR 679 a piece (USD 8.11) for anchor investors. Public subscription opened yesterday and runs until tomorrow. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> ICICI Securities Limited, Axis Capital Limited, Citigroup Global Market India Private Limited, and Ambit Private Limited are acting as the bookrunners for the share float.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adia is liking Indian pharma:<\/strong> The sovereign wealth fund was among 36 institutional investors that bought shares in Indian healthcare firm Indegene ahead of its IPO on the Bombay Stock Exchange in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/78cb25b0-5925-4005-b094-c882c4ba738f\/new-gas-reserves-discovered-in-sharjah#:~:text=Adia%20anchors%20Indian,bn%20equity%20shares.\" style=\"\" rel=\"noopener\">May<\/a>, buying 276k shares for INR 12.5 mn (c. AED 550k). A consortium comprising Adia and Swedish private equity firm EQT also offered <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ff0d275e-e25a-450d-ad43-93a98685c446\/adia-eyes%253cmark%253e-indian%253c%2Fmark%253e-biopharma-firm\" style=\"\" rel=\"noopener\">USD 1.6 bn<\/a> to acquire Indian biopharma firm Bharat Serums and Vaccines (BSV Group) this month. <\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94361\" 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=\"94361\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/al-ansari-financial-services-to-fully-acquire-bahrains-bfc-group\/\">\r\n                            Al Ansari Financial Services to fully acquire Bahrain\u2019s BFC Group                        <\/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\/31\/al-ansari-financial-services-to-fully-acquire-bahrains-bfc-group\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The company is set to complete the transaction in 1Q 2025, pending regulatory approvals.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">What the combined entity looks like: <\/strong><span style=\"background-color: transparent;\">Al Ansari will be the largest remittance and exchange provider in the GCC region in terms of branch network post-acquisition. The company will have 410 branches under its belt \u2014 a 60% boost from the number of branches it currently operates \u2014 across the UAE, Bahrain, Kuwait, and India, with a workforce of around 6k, up 25% from Al Ansari\u2019s current staff.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A boost to Al Ansari\u2019s revenues:<\/strong> The combined entity\u2019s consolidated revenues in FY 2023 amount to some AED 1.4 bn (USD 385 mn) in FY 2023, reflecting a 22% increase over Al Ansari\u2019s prior revenue figures.<\/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>NMDC eyes majority stake in Emdad: <\/strong>The <a target=\"_blank\" href=\"https:\/\/nmdc-group.com\/\" style=\"\" rel=\"noopener\">National Marine Dredging Company<\/a> (NMDC) is looking to acquire a 70% stake in Abu Dhabi-based integrated oil and gas services firm <a target=\"_blank\" href=\"https:\/\/emdad.ae\/\" style=\"\" rel=\"noopener\">Emdad<\/a>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2529.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. NMDC has submitted a binding offer of an undisclosed value to purchase the stake, after completing due diligence.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The offer will remain binding until 5 August, and is subject to regulatory approvals. <\/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\/al-ansari-financial-services\/\">Al Ansari Financial Services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/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=\"94363 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=\"94363\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/94363-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94363\" class=\"content-area-description single-story post-94363 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=\"94364\" 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=\"94364\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/rental-value-growth-in-dubai-is-the-highest-in-the-world-according-to-savills\/\">\r\n                            Rental value growth in Dubai is the highest in the world, according to Savills                        <\/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 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/rental-value-growth-in-dubai-is-the-highest-in-the-world-according-to-savills\/&title=Rental value growth in Dubai is the highest in the world, according to Savills\">\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=Rental+value+growth+in+Dubai+is+the+highest+in+the+world%2C+according+to+Savills+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F31%2Frental-value-growth-in-dubai-is-the-highest-in-the-world-according-to-savills%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\/31\/rental-value-growth-in-dubai-is-the-highest-in-the-world-according-to-savills\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1424.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94365\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/rental-value-growth-in-dubai-is-the-highest-in-the-world-according-to-savills\/1424-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1424.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1424.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1424.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1424.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94364\" class=\"content-area-description single-story post-94364 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-dubai tag-enterpriseam-uae tag-real-estate tag-savills 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\/.58633c3e-7f90-428d-8aad-26789c6ff245.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai ranked first globally in prime residential rental value growth in 1H <\/strong><strong>2024,<\/strong> logging a 12.1% increase, compared to a 9% rise in runnerup city Bangkok, and 7.5% in Lisbon, citing global real estate services provider Savills\u2019 latest <a target=\"_blank\" href=\"https:\/\/www.savills.co.uk\/insight-and-opinion\/savills-news\/364781\/prime-rental-values-continue-to-outperform-capital-values-in-world-city-locations\" style=\"\" rel=\"noopener\">Prime Residential World Cities Index<\/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 emirate also ranked fifth in the world for capital value growth<\/strong><span style=\"background-color: transparent;\">, growing 2.9% in the first six months of the year, and outperforming the 0.6% average capital value growth of 30 world cities predicted for 2024 as a whole. Growth indicates \u201crelative confidence in the asset class,\u201d according to the report, with prime gross yields in Dubai crossing 5% as of the end of 1H 2024, placing it among the highest-yielding cities alongside New York and Los Angeles.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Growth came on the back of the emirate's pro-business government policies and attractive residence visa programs<\/strong>, as well as robust lifestyle credentials, according to a Savills press release picked up by <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dubai-leads-the-global-prime-residential-market-in-rental-values-with-gains-of-121-in-h1-2024-obr2jsob\" style=\"\" rel=\"noopener\">Zawya<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Corporate relocations are also to thank,<\/strong> with \u201csome of the finest brands and developers launching world-class projects in Dubai and the wider UAE to capitalize on the growing demand,\u201d Savills Middle East residential agency head Andrew Cummings said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Only up from here: <\/strong>\u201cWith existing supply running tight, prime rentals are not expected to cool off anytime soon,\u201d Cummings added.<\/p>\n<p class=\"tag-border-left\">THE BIG PICTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><b>Rentals &gt; sales: <\/b>The growth of global rental markets outpaced that of sales markets across the 30 world cities surveyed in the index, with prime gross yields moving out by 10 bps in 2023 to 3.1%, and standing at 3.2% today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rents will continue to outperform capital values in 2024 <\/strong>and the medium term, according to Savills\u2019 forecast, driven by scarce supply and high interest rates raising caution in the sales markets. \u201cThe potential for interest rate cuts in the second half of the year may encourage those would-be buyers to re-enter the sales market, easing price pressures,\u201d Savills\u2019 sellers said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/savills\/\">Savills<\/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=\"94366\" 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=\"94366\">\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\">DISPUTE WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/us-court-backs-dp-worlds-usd-200-mn-payout-from-djibouti\/\">\r\n                            US court backs DP World\u2019s USD 200 mn payout from Djibouti                        <\/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\/31\/us-court-backs-dp-worlds-usd-200-mn-payout-from-djibouti\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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DP World had filed the proceeding in US courts last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">What does the decision mean?<\/strong><span style=\"background-color: transparent;\"> The decision upholds a third partial award in favor of DP World by the London Court of International Arbitration (LCIA), which awarded the firm <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b56e4e93-bb31-477c-9941-915a47a69dea\/dp-world-doubles-down-on-commitment-to-dispute-ownership-of%253cmark%253e-djibouti%253c%2Fmark%253e%25e2%2580%2599s-doraleh-terminal\" rel=\"noopener\">USD 200 mn<\/a><span style=\"background-color: transparent;\"> for damages incurred between 23 February 2018 to 31 December 2020. This is the ninth decision by an international court or tribunal in favor of DP World in this dispute.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s the story?<\/strong> DP World has been embroiled in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b56e4e93-bb31-477c-9941-915a47a69dea\/dp-world-doubles-down-on-commitment-to-dispute-ownership-of%253cmark%253e-djibouti%253c%2Fmark%253e%25e2%2580%2599s-doraleh-terminal\" style=\"\" rel=\"noopener\">legal squabbling<\/a> with Djibouti for five years over this issue. DP World held a 33.3% stake in DCT and had operated the Doraleh terminal since 2006. Djibouti seized control of the DCT after claiming the concession agreement had unfairly favored DP World, and transferred all shares held by the Port of Djibouti in DCT to itself last September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A long time coming:<\/strong> DP World hit back and doubled down on its commitment to continue its legal wrangling over the operation of Doraleh Container Terminal (DCT) in Djibouti back in March. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World says others should take heed:<\/strong> DP World is warning investors to \u201cthink twice about the safety of their existing business in Djibouti and the future value of any new investments,\u201d as a spokesperson told CNBC.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dispute-watch\/\">dispute watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dp-world\/\">DP World<\/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=\"94368\" 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=\"94368\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/more-2q-earnings\/\">\r\n                            Alef Education, Yahsat, Americana, and more post 2Q earnings                        <\/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\/31\/more-2q-earnings\/\" 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\/31\/more-2q-earnings\/')\">\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\/31\/more-2q-earnings\/\">\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=More 2Q earnings&url=https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/more-2q-earnings\/\">\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\/31\/more-2q-earnings\/&title=More 2Q earnings\">\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=More+2Q+earnings+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F31%2Fmore-2q-earnings%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\/31\/more-2q-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1210.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94369\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/more-2q-earnings\/1210-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1210.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1210.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1210.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1210.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94368\" class=\"content-area-description single-story post-94368 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-alef-education tag-dubai-refreshment-company tag-earnings-watch tag-edtech tag-enterpriseam-uae tag-multiply-group tag-rakbank tag-sobha-realty tag-telecoms tag-yahsat 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\/.e5ddfd6a-44d2-48b2-854f-599fe2891527.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">ALEF EDUCATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Alef Education reported a 34% y-o-y decrease in net income after tax to AED 113.1 <\/strong><strong>mn in 2Q 2024,<\/strong> according to its consolidated <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2462.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. Without the impact of corporate tax and excluding income from financial assets carried at fair value, net income was up 4% y-o-y to AED 124.3 mn, on the back of \u201cstrong cost discipline coupled with stable revenue performance,\u201d Alef said in a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2463.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The recently listed edtech firm\u2019s revenues from contracts remained relatively flat y-o-y at AED 177.5 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">On a six-month basis, <\/strong><span style=\"background-color: transparent;\">Alef\u2019s net income fell 40% y-o-y to AED 226.2 mn in 1H 2024. Without the impact of the corporate tax, net income reached AED 248.5 mn, with margin expansion to 70%, \u201csubstantially above industry benchmarks.\u201d The company\u2019s revenues rose 1% y-o-y to AED 354.2 mn during the first six months of the year.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>The company has a \u201csizeable\u201d pipeline of agreements for the second half of 2024 and is in talks with several governments to expand its offering across its high-growth target markets, including the B2B and private school market, it said in the release. Alef also initiated discussions to extend its contract with the Abu Dhabi Department of Education and Knowledge \u2014 which provisions a minimum of 80k students with a fixed fee per student, and offers \u201csignificant revenue visibility and reliability over the next seven years\u201d \u2014 for another three years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Alef debuted on the ADX in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8f0fda5b-4767-467e-a4af-d1219b067b0e\/abu-dhabi%25e2%2580%2599s-first-ipo-in-2024-tumbles-18%2525-on-market-debut\" style=\"\" rel=\"noopener\">June<\/a><\/strong><strong>, <\/strong>raising AED 1.89 bn \u2014 making it the biggest this year \u2014 but seeing a lackluster debut, with shares falling 18% on its first day of trading. The company\u2019s flagship learning platform spans several international markets, including the UAE, where it has already captured a 58% market share, as well as the US, Morocco and Indonesia.<\/p>\n<p class=\"tag-border-left\">YAHSAT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Yah Satellite Communications Company\u2019s (Yahsat) net income attributable to <\/strong><strong>shareholders rose 11.6% y-o-y to <\/strong><strong>USD <\/strong><strong>20.4 mn in 2Q 2024 <\/strong>on the back of consistent revenue growth across its operations, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2474.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The company\u2019s revenues fell 5.7% y-o-y to USD 98.7 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six month basis<\/strong>, Yahsat\u2019s net income saw a 62% y-o-y increase, reaching USD 73.3 mn in 1H 2024, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2476.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Meanwhile, revenues dipped 3% y-o-y to USD 199.7 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Infrastructure and managed solutions drove growth: <\/strong>Yahsat attributed its performance to 1% y-o-y growth in its infrastructure operations, which involves supplying long-term communications capacity to the government, as well as 15% y-o-y growth in managed solutions, which deliver satellite comms to government entities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Slight revenue hits from mobility and data solutions:<\/strong> Yahsat\u2019s mobility satellite services segment saw a revenue drop due to fewer equipment sales following the <a target=\"_blank\" href=\"https:\/\/www.thuraya.com\/en\/press-centre\/2024\/thuraya-network-coverage-restored-in-the-indo-china-region\" style=\"\" rel=\"noopener\">Thuraya 3 satellite malfunction<\/a>. Data Solutions \u2014 Yahsat\u2019s smallest segment \u2014 also saw a slight revenue drop due to fewer subscribers and equipment sales, as it shifts focus to higher-margin markets.<\/p>\n<p class=\"tag-border-left\">MULTIPLY GROUP-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi-based investment firm Multiply Group reported a 49% y-o-y increase in<\/strong><strong> its net income to AED <\/strong><strong>319<\/strong><strong> mn in 2Q 2024<\/strong>, excluding fair value changes in investments, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2478.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company attributed its performance to the consolidation of new acquisitions. Including unrealized fair value changes on its investments, the group\u2019s net income came in at AED 992 mn during the quarter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Multiply Group\u2019s revenues surged 60% year-on-year to AED 442 mn during the quarter<\/strong>, driven by growth in its four key sectors \u2014 mobility, energy and utilities, media and communications, and beauty and wellness. The media and communications sector accounted for 33% of revenues and 32% of net income, while mobility contributed 20% of revenues. The acquisition of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/da1b87c6-ddc5-4dfb-8ac5-e5fa00115267\/yet-more-earnings\" style=\"\" rel=\"noopener\">Media 247<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8ca7b2a6-841f-4493-811f-a1e71b4ab02d\/%253cmark%253emultiply-group%253c%2Fmark%253e-acquires-blacklite-media-ahead-of-potential-ipo\" style=\"\" rel=\"noopener\">BackLite Media<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2e505a05-29d4-4e6f-bb0e-cd1a4f5070df\/%253cmark%253emultiply%253c%2Fmark%253e%25e2%2580%2599s-omorfia-takes-over-sisters-and-n.bar-owner-the-grooming-company\" style=\"\" rel=\"noopener\">The Grooming Company<\/a> also contributed to the group\u2019s quarterly performance, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six-month basis, <\/strong>Multiply Group reported a net loss of AED 3.25 bn during 1H, down from a bottom line of AED 400.1 mn in the same period last year, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2481.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The group\u2019s revenues rose 53% y-o-y during the first half of the year to reach AED 833.4 mn. <\/p>\n<p class=\"tag-border-left\">AMERICANA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Americana Restaurants saw net income drop 40.1% y-o-y to USD 51.1 <\/strong><strong>mn<\/strong><strong> in 2Q 2024, <\/strong>on the back of fewer sales amid geopolitical tensions, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2507.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2506.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues also decreased 14.2% to USD 559.3 mn, it said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The company has been hit by the impact of a consumer boycott of its brands that came after the start of Israel\u2019s war in Gaza, leading it to slash nearly 100 jobs (most of them in Dubai) in January. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a 1H basis:<\/strong> Americana\u2019s net income also contracted 44.8% y-o-y to USD 80 mn in 1H 2024, with revenues also down 15.2% to USD 1.1 bn, despite the opening of 81 new stores during the period. Aside from geopolitical effects, unfavorable effects due to the devaluation of the EGP in Egypt and higher depreciation charges also contributed to the decline in performance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>The company is opting a \u201cwatchful approach\u201d to expansions, with plans to add between 175 and 185 new stores this year, the company said. It will also focus on investing in \u201csmart pricing, targeting, promotion and marketing\u201d to boost revenues. <\/p>\n<p class=\"tag-border-left\">PNC INVESTMENTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sobha Realty parent company PNC Investments (PNCI)\u2019s net income <\/strong><strong>rose 49%<\/strong><strong> y-o-y to <\/strong><strong>AED 1.06 bn in 1H 2024<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2490.pdf\" style=\"\" rel=\"noopener\">consolidated financial statements (pdf)<\/a>, on the back of a 22% y-o-y growth in sales to AED 9.03 bn, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2491.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The Dubai-based residential developer booked AED 3.93 bn in revenues, climbing 22% y-o-y during the first half of the year, as a result of \u201cstrong demand, ahead of schedule construction, and resilient pricing.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> Sobha\u2019s revenue backlog stands at over AED 20 bn, with over 20k units in the pipeline to support medium-term growth, the release said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- S&amp;P Global Ratings upgraded PNCI\u2019s rating to BB from BB-<\/strong>, a <a target=\"_blank\" href=\"https:\/\/disclosure.spglobal.com\/ratings\/en\/regulatory\/article\/-\/view\/type\/HTML\/id\/3221825\" style=\"\" rel=\"noopener\">note<\/a> from the credit rating agency showed. S&amp;P also revised PNCI\u2019s outlook to stable from positive. Strong EBITDA forecasts as well as robust demand for real estate in Dubai underpinned S&amp;P\u2019s rating.<\/p>\n<p class=\"tag-border-left\">RAKBANK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The National Bank of Ras Al Khai<\/strong><strong>mah (RakBank) saw its net income after tax climb 14% <\/strong><strong>y-o-y <\/strong>to AED 515.5 mn in 2Q 2024, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2504.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The lender logged AED 1.17 bn in operating income during the quarter, increasing 6.6% y-o-y. Net interest income and net income from Islamic financing for the quarter rose 6.5% to AED 882.3 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six-month basis, RakBank\u2019s net income after tax climbed 21% y-o-y <\/strong>to AED 1.09 bn in 1H 2024. The bank recorded AED 2.35 bn in operating income, an 8.7% y-o-y increase, while net interest income and income from Islamic finance grew 9% y-o-y, reaching AED 1.76 bn during the first half of 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the growth:<\/strong> RakBank attributed the income increase to its \u201cwell-diversified asset growth and sticky current account savings account (CASA) base, augmented by higher foreign exchange and investment income,\u201d the bank said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2363.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>.<\/p>\n<p class=\"tag-border-left\">DUBAI REFRESHMENT COMPANY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/pepsidrc.com\/\" style=\"\" rel=\"noopener\">Dubai Refreshment<\/a><\/strong><strong>\u2019s net income fell 85% y-o-y to AED 40 mn in 2Q 2024<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2517.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The company saw its revenues inch up 2.8% y-o-y to AED 216.6 mn in 2Q. During 1H 2024, Dubai Refreshment reported a 77% y-o-y drop in net income, falling to AED 65.7 mn. The company booked AED 384.1 mn in revenues, up 1.3% y-o-y during the first six months of 2024.<\/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\/alef-education\/\">Alef Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-refreshment-company\/\">Dubai Refreshment Company<\/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\/edtech\/\">edtech<\/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                            <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\/sobha-realty\/\">Sobha Realty<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/yahsat\/\">Yahsat<\/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=\"94370\" 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=\"94370\">\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\">UAE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/national-geographic-spotlights-raks-nature-and-heritage-uaes-growing-appeal-to-mnaires-gets-ink\/\">\r\n                            National Geographic spotlights RAK\u2019s nature and heritage + UAE\u2019s growing appeal to m\u2019naires 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\/31\/national-geographic-spotlights-raks-nature-and-heritage-uaes-growing-appeal-to-mnaires-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\" 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            <a href=\"https:\/\/api.whatsapp.com\/send?text=National+Geographic+spotlights+RAK%E2%80%99s+nature+and+heritage+%2B+UAE%E2%80%99s+growing+appeal+to+m%E2%80%99naires+gets+ink+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F07%2F31%2Fnational-geographic-spotlights-raks-nature-and-heritage-uaes-growing-appeal-to-mnaires-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\/31\/national-geographic-spotlights-raks-nature-and-heritage-uaes-growing-appeal-to-mnaires-gets-ink\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2569.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94371\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/national-geographic-spotlights-raks-nature-and-heritage-uaes-growing-appeal-to-mnaires-gets-ink\/2569-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2569.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2569.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2569.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2569.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94370\" class=\"content-area-description single-story post-94370 post type-post status-publish format-standard has-post-thumbnail hentry category-uae-in-the-news tag-enterpriseam-uae tag-ras-al-khaimah 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\/.c06105dd-4a60-4d58-b67a-648027480dd0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.nationalgeographic.com\/travel\/article\/ras-al-khaimah-uae-adventure-hub\" style=\"\" rel=\"noopener\">National Geographic<\/a><\/strong><strong> writer Angela Locatelli<\/strong><strong> takes an in-depth look at Ras Al Khaimah\u2019s <\/strong><strong>landscape and wildlife <\/strong><strong>offerings<\/strong>, which she discovered while trekking in the Jebel Jais mountains, home to the world's longest zipline, and exploring Al Wadi Nature Reserve, in addition to the emirate's cultural heritage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\"><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/07\/30\/dubai-set-to-welcome-more-millionaires-as-uk-wealthy-move-their-money-.html\" rel=\"noopener\">CNBC<\/a><\/strong><strong style=\"background-color: transparent;\"> is looking at the UAE\u2019s growing appeal to foreign wealthy individuals, <\/strong><span style=\"background-color: transparent;\">with the country on track to become the world's top destination for migrating m\u2019naires for the third consecutive year, according to the Henley Private Wealth Migration Report. Some <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7204c50e-d3bd-43bd-a32d-281fa501e647\/this-morning:-us-lawmakers-call-for-probe-into-microsoft%25e2%2580%2599s-partnership-with-g42-%2B-fab-denies-plans-to-acquire-a-stake-in-yes-bank\" rel=\"noopener\">6.7k m\u2019naries<\/a><span style=\"background-color: transparent;\"> are expected by the end of this year, on the back of attractive zero-income tax, golden visas, and a luxury lifestyle.<\/span><\/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\/ras-al-khaimah\/\">Ras Al Khaimah<\/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=\"94372\" 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=\"94372\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/shorooq-partners-leads-usd-20-mn-investment-in-deeptech-ai-firm\/\">\r\n                            Shorooq Partners leads USD 20 mn investment in deeptech AI firm                        <\/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\/31\/shorooq-partners-leads-usd-20-mn-investment-in-deeptech-ai-firm\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The round saw participation from Saudi Venture Capital Company, Saudi Technology Ventures (STV), Olayan Financing Company, Sultan Holdings, Zain Ventures, and Rua Growth Fund. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">About Intelmatix:<\/strong><span style=\"background-color: transparent;\"> Founded by MIT scientists, Intelmatix seeks to bridge the region\u2019s AI gap through its flagship product, the Enterprise Decision Intelligence Platform, which is designed to provide comprehensive AI solutions for organizations without requiring extensive AI expertise.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story got ink in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-07-30\/abu-dhabi-investor-backs-ai-firm-founded-by-saudi-mit-graduates\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>.<\/strong><\/p>\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong><strong> Adnoc ramped up production at its offshore Satah Al Razboot oil field by 25%,<\/strong> reaching 140k barrels a day, the state-owned oil giant said in a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnocs-offshore-sarb-field-commences-ai-enabled-digital-operations\" style=\"\" rel=\"noopener\">statement<\/a>. The state-run oil company credited the digitalization of its operations at the field, including the use of remote monitoring and AI, for the increase in production. The Satah Al Razboot field is located 120km northwest of Abu Dhabi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This move brings Adnoc closer to its goal of producing 5 mn bpd by 2027,<\/strong> which <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/414680c9-5d56-44ec-9317-72b964f0ab1d\/ihc-is-planning-to-list-daman-ins.-on-the-public-market#:~:text=The%20UAE%20could,its%20spare%20capacity.\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported earlier that the oil giant might achieve by the end of 2025 or early 2026, ahead of the original 2027 goal. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The AI tech was developed by <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aiqintelligence.ae\/\" style=\"\" rel=\"noopener\">AIQ<\/a><\/strong><strong>, Adnoc\u2019s AI joint venture with G42. <\/strong>AIQ\u2019s DrillRep and OptiDrill solutions enhance drilling efficiency at the field by processing data from rigs and wells to optimize drilling operations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Ghafa Sustai<\/strong><strong>nability + Atsuya ink energy and water agreement<\/strong>: Abu Dhabi-based <a target=\"_blank\" href=\"https:\/\/ghafa.ae\/\" style=\"\" rel=\"noopener\">Ghafa<\/a><a target=\"_blank\" href=\"https:\/\/ghafa.ae\/\" style=\"\" rel=\"noopener\">Sustainability and Energy Solutions<\/a> and Indian sustainability startup <a target=\"_blank\" href=\"http:\/\/www.atsuyatech.com\/\" style=\"\" rel=\"noopener\">Atsuya Technologies<\/a> signed an MoU to cooperate on sustainable energy solutions in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/atsuyatechnologies_teamaone-partnership-mou-activity-7221861861351153664-7_YA?utm_source=share&amp;utm_medium=member_desktop\" style=\"\" rel=\"noopener\">statement<\/a>. The pair will work together on implementing AI and IoT solutions to improve energy efficiency and sustainability. The agreement was signed on the sidelines of the Investopia Global talks in India's Chennai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Dubai wraps up pilot phase for a virtual power plant:<\/strong> The Dubai Electricity and Water Authority has wrapped up its pilot project for a virtual power plant (VPP), the first in the region, a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/july\/30-07\/dewa-pilot-virtual-power-plant-project\" style=\"\" rel=\"noopener\">statement<\/a> from the Dubai Media Office showed. The project \u2014 which aims to improve the stability of power distribution and accelerate sustainable energy goals \u2014 has integrated multiple energy sources, including solar inverters, battery energy storage systems, and EV chargers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Uh, Enterprise, what\u2019s VPP? <\/strong>A VPP is a network that ties up small-scale, distributed energy sources \u2014 such as rooftop solar panels and EV chargers \u2014 to supply the power grid, offering more flexibility and resilience in power distribution.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- UAE launches nuclear safety system at nuclear facilities: <\/strong>The Federal Authority for Nuclear Regulation has launched the Intelligent Operational Nuclear Safety (IONS) system in partnership with the Mohammed Bin Rashid Space Centre to enhance safety and resilience against climate change at the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e2f2016c-930f-4150-83e4-11d44182e14f\/uae%25e2%2580%2599s-silal-inks-agreement-for-solar-powered-irrigation-and-the-uae-ramps-up-action-on-nuclear-power-and-carbon-markets\" style=\"\" rel=\"noopener\">Barakah Nuclear Power Plant<\/a>, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4f7nao-fanr-launches-intelligent-operational-nuclear\" style=\"\" rel=\"noopener\">Wam<\/a> reported. IONS uses AI to monitor climate indicators \u2014 sea levels, air quality, earthquakes, and others \u2014 to estimate and predict their severity and impact on nuclear facilities.<\/p>\n<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Cleveland Clinic Abu Dhabi has become the UAE\u2019s largest center for AI-assisted <\/strong><strong>colonoscopy, <\/strong>running six AI-powered units, which have screened over 2k patients in the year to date, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/health\/cleveland-clinic-abu-dhabi-becomes-uaes-largest-centre-for-ai-assisted-colonoscopy-procedures\/\" style=\"\" rel=\"noopener\">statement<\/a> from the Abu Dhabi Media Office. The use of AI technology allows a real-time analysis of data during colonoscopies, which leads to a more accurate screening and faster results, the statement read.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ehs.gov.ae\/en\" style=\"\" rel=\"noopener\">Emirates Health Services<\/a><\/strong><strong> launched its virtual healthcare platform, Digital Care Center, <\/strong>providing video consultations for patients across multiple medical specialties, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/b4f7g2x-%25D8%25A7%25D9%2584%25D8%25A5%25D9%2585%25D8%25A7%25D8%25B1%25D8%25A7%25D8%25AA-%25D9%2584%25D9%2584%25D8%25AE%25D8%25AF%25D9%2585%25D8%25A7%25D8%25AA-%25D8%25A7%25D9%2584%25D8%25B5%25D8%25AD%25D9%258A%25D8%25A9-%25D8%25AA%25D9%2581%25D8%25AA%25D8%25AA%25D8%25AD-%25D9%2585%25D8%25B1%25D9%2583%25D8%25B2-%25D8%25A7%25D9%2584%25D8%25B1%25D8%25B9%25D8%25A7%25D9%258A%25D8%25A9\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The center features a unified digital record connected to all the organization\u2019s affiliated clinics and primary care facilities to ensure efficiency and continuity in providing medical care for citizens. <\/p>\n<p class=\"tag-border-left\">SUSTAINABILITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- GCFC + Irena partner to scale up global climate finance: <\/strong>Abu Dhabi\u2019s Global Climate Finance Centre (GCFC) struck up a strategic partnership with the International Renewable Energy Agency (Irena) in a bid to advance climate finance and renewable energy initiatives, according to a <a target=\"_blank\" href=\"https:\/\/www.irena.org\/News\/pressreleases\/2024\/Jul\/GCFC-and-IRENA-Join-Forces-to-Accelerate-Global-Climate-Finance-and-Renewable-Energy-Initiatives\" style=\"\" rel=\"noopener\">press release<\/a>. The collaboration will focus on capacity building and supporting climate initiatives by co-hosting events to aid climate firms in finding investors. The two institutions will also jointly conduct research on de-risking mechanisms and green industrialization.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Arms group to supply UAE with PH2\u2019s hydrogen fuel cell trucks: <\/strong>Australian hydrogen fuel cell vehicle company <a target=\"_blank\" href=\"https:\/\/purehydrogen.com.au\/\" style=\"\" rel=\"noopener\">Pure Hydrogen<\/a> (PH2) signed an MoU with family-owned conglomerate <a target=\"_blank\" href=\"http:\/\/www.armsgroup.ae\/\" style=\"\" rel=\"noopener\">Arms Group<\/a> to become the distributor for its hydrogen fuel cell and battery electric garbage and box trucks in the UAE and surrounding countries, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2466.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The partnership will see PH2 start the sale of its hydrogen fuel cell trucks \u2014 named Taurus Prime Mover \u2014 and battery electric EVs starting from 2025 after Arms Group completed due diligence on the vehicles and the signing of definitive agreements.<\/p>\n<p class=\"tag-border-left\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE + Pakistan business bodies talk cooperation: <\/strong>The heads of the Federation of Chambers of Commerce and Industry (FCCI) and the Pakistan Business Professional Council (PBPC) met in Abu Dhabi to discuss strengthening cooperation between the Emirati and Pakistani private sectors, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4f7np9-fcci-pbpc-explore-ways-strengthen-joint\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The meeting between FCCI secretary general Humaid Mohamed bin Salem and PBPC president Syed Qaiser Anis focused on stimulating bilateral trade and investment growth.<\/p>\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>Adib Securities unveils Islamic US market trading platform: <\/strong>Abu Dhabi Islamic Bank\u2019s (Adib) brokerage <a target=\"_blank\" href=\"http:\/\/www.adibsecurities.ae\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Adib Securities<\/a> now allows investors to trade in securities on the New York Stock Exchange and Nasdaq with Sharia-compliant investment options through its upgraded trading platform Adibs Global, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/adib-securities-elevates-trading-experience-with-adibs-global-for-sharia-compliant-us-market-access-divc81tp\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p class=\"tag-border-left\">CONSTRUCTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai tests smart inspection vehicles for railroad right-of-way safety: <\/strong>Dubai's Roads and Transport Authority has started testing new smart vehicles designed to monitor railroad right-of-way infrastructure for violations, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/july\/30-07\/rta-launches-trial-operation-of-smart\" style=\"\" rel=\"noopener\">statement<\/a> from the Dubai Media Office. The vehicles will be deployed at the Dubai Metro and Tram networks.<\/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-islamic-bank\/\">Abu Dhabi Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/climate\/\">climate<\/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\/dewa\/\">DEWA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/shorooq-partners\/\">Shorooq Partners<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94374\" 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=\"94374\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/its-a-big-day-for-capital-markets-with-two-interest-rate-decisions-and-a-ton-of-earnings-reports-looming\/\">\r\n                            It\u2019s a big day for capital markets with two interest rate decisions and a ton of earnings reports looming                        <\/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\/31\/its-a-big-day-for-capital-markets-with-two-interest-rate-decisions-and-a-ton-of-earnings-reports-looming\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The expectation is that Japan could raise rates \u2014 and that the Fed will signal it will start cutting this fall, likely in September. The Bank of England will follow suit yesterday<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also set to drive sentiment today: Earnings reports<\/strong> from HSBC, Arm Holdings, and Qualcomm, among others, as well as China\u2019s latest purchasing managers\u2019 index and a barrel of macro data from Hong Kong to Australia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What everyone wants to know: <\/strong>Will Meta\u2019s 2Q results today spook investors as much as Microsoft\u2019s did yesterday? The Redmond-headquartered company\u2019s disappointing Azure cloud sales spooked investors who had already given the thumbs-down to Tesla and Alphabet last week as skepticism builds about the commercial viability of AI. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A sliver of light? <\/strong>Samsung (a net beneficiary of spending by companies and Big Tech on AI) reported <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/tech\/samsungs-net-profit-soars-on-semiconductor-business-strength-c5f56fe4\" style=\"\" rel=\"noopener\">a sharp rise in net income<\/a> just before we hit \u201csend\u201d on this morning\u2019s issue. The Korean giant said surging semiconductor sales drove its results for the quarter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And then\u2026 <\/strong>Apple and Amazon will announce their results tomorrow. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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>AND IN OUR REGION- A USD 820 mn tranche from Egypt\u2019s IMF loan should arrive in the <\/strong><strong>\u201ccoming days,\u201d<\/strong> the country\u2019s Finance Minister, Ahmed Kouchouk, said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid09zfDWP2TiXAjMrtXpFcoad1MdPyXga4RxEnsScX6DUeYciZLhduUcbx8oDkL7xuwl\" style=\"\" rel=\"noopener\">statement<\/a> released yesterday after the IMF <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b783a33c-54f4-403e-bbb3-d45168e55bab\/imf-completes-third-review-of-egypt%25e2%2580%2599s-loan-program,-enabling-the-disbursal-of-usd-820-mn\" style=\"\" rel=\"noopener\">gave the green light<\/a> to the third review of Egypt\u2019s USD 8 bn loan program. Kouchouk described the decision as a \u201cvote of confidence\u201d in the government\u2019s economic policies and a \u201cmessage of reassurance.\u201d <\/p>\n<p class=\"tag-border-left\"> MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets mostly in the green this morning as investors wait for macro data<\/strong> and an interest rate decision in Japan \u2014 and prepare for a long day of earnings as the clock marches on. Australia\u2019s ASX 200, Korea\u2019s Kospi and both the Hang Seng and the Shanghai Composite are in the green. Only the Nikkei is (ever so slightly) in the red as we prepare to hit \u201csend\u201d on this morning\u2019s issue. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Both Wall Street and European equity futures were mixed in overnight trading<\/strong> as investors largely took a wait-and-see approach.<\/p>\n<p><a target=\"_blank\" id=\"t.4a0d3dbb88e883754b44ff5e34e8916f007208ee\" 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<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>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\">9,396<\/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\">0.0% (YTD: -1.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,284<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +5.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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\">3,773<\/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: -1.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.1% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.9% 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\">12,065<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: +0.8%)<\/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>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\">29,039<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: +16.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&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\">5,436<\/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: +14.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,274<\/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: +7.0%)<\/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\">4,841<\/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: +7.1%)<\/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>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 78.63<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.4%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 2.12<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-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 2,455<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 66,192<\/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\">-1.9% (YTD: +56.6%)<\/p>\n<\/td>\n<\/tr>\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 0.6% yesterday<\/strong> on turnover of AED 672.3 mn. The index is up 5.5% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Emirates Investment Bank (+15.0%), National International Holding Company (+14.9%) and International Financial Advisors (+13.2%).<\/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 (-7.2%), Watania International Holding (-6.0%) and Dubai Islamic Ins. and Reins. (-4.7%). <\/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 stayed flat on turnover of AED 1.6 bn. Meanwhile Nasdaq Dubai closed up 0.1%.<\/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\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NK Trust for Commercial Investments \u2013 has offloaded an 11.3% stake, or 400 mn <\/strong><strong>shares, in Abu Dhabi-based investment company Apex Investment<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/2485.pdf\" style=\"\" rel=\"noopener\">ADX filing (pdf)<\/a>. NK Trust, a company owned by family members of Apex\u2019s board, now holds a 6.5% stake in the firm. <\/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\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94376\" 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=\"94376\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/more-uae-chile-cooperation\/\">\r\n                            More UAE + Chile cooperation                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/31\/more-uae-chile-cooperation\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The discussions focused on collaborating in the sectors of new economy, tourism, aviation, entrepreneurship, e-commerce, renewable energy, tech, and agriculture. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Background: <\/strong><span style=\"background-color: transparent;\">The two countries inked an economic partnership on <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/0675af89-12f1-4eb2-972e-ef86f5d10f22\/another-economic-and-trade-partnership-in-the-bag\" rel=\"noopener\">Monday<\/a><span style=\"background-color: transparent;\">, aimed at boosting bilateral investments and private sector partnerships, as well as trade between the countries The agreement will eliminate tariffs for 99.5% of UAE imports from Chile, paving the way to achieve the countries\u2019 target of doubling non-oil trade to USD 750 mn by 2030, up from USD 306 mn last year.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The next phase of the agreement will see the two countries cooperate in tourism sub-sectors,<\/strong> such as travel and aviation. The discussions also addressed launching programs to support small and medium enterprises in both countries, as well as introducing initiatives to facilitate exporting into foreign markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pact is set to take effect in six months, <\/strong>Foreign Trade Minister Thani bin Ahmed Al Zeyoudi said at a roundtable, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4f7n7t-cepa-with-chile-take-effect-months-zeyoudi\" style=\"\" rel=\"noopener\">Wam<\/a> reports. He revealed that the agreement \u2014 marking the UAE\u2019s 11th under its economic partnerships program \u2014 includes a landmark chapter on women\u2019s economic empowerment, as well as a chapter on supply chains. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE and Chile\u2019s FDI agency, Invest Chile, have several projects in the pipeline aimed <\/strong><strong>at boosting trade and investment,<\/strong> Chile\u2019s Economy Minister Nicol\u00e1s Grau told <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4f7np4-uae-investments-chile-reached-around-billion-2023\" style=\"\" rel=\"noopener\">Wam<\/a>, highlighting that Emirati investments in the Latin American nation totaled USD 2 bn in 2023. Grau also noted that both countries\u2019 business communities have expressed interest in collaborating across sectors including mining, technology, desalination, food production, and energy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> <strong>DP World CEO Sultan Ahmed Bin Sulayem discussed with <\/strong><strong>Chilean President Gabriel Boric<\/strong><strong> future cooperation in logistics, tech, and sustainable development<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/july\/30-07\/dp-world-hosts-president-of-chile\" style=\"\" rel=\"noopener\">statement<\/a>. Bin Sulayem stressed DP World\u2019s commitment to \u201cinvesting in Chile for the long-term and supporting Chile's economic expansion for mutual benefit.\"<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Dubai Chambers inked an <\/strong><strong>MoU<\/strong><strong> with the Chilean Exports Promotion Bureau, ProChile,<\/strong> to coordinate joint events and initiatives to enhance data exchange and cooperation between exporting companies from both countries, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/july\/30-07\/dubai-chambers-signs-mou-with-prochile\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p class=\"tag-border-left\">MORE DIPLO NEWS-<\/p>\n<ul>\n<li><strong>FM meets Djibouti counterpart: <\/strong>Foreign Affairs Minister Sheikh Abdullah bin Zayed Al Nahyan met with Djibouti\u2019s Foreign Affairs and International Cooperation Minister Mahamoud Ali Youssouf to discuss ramping up bilateral relations and cooperation, focusing on development goals. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4em8bw-abdullah-bin-zayed-receives-foreign-minister\" style=\"\" rel=\"noopener\">Wam<\/a> <strong>)<\/strong><\/li>\n<li><strong>The Ports, Customs, and Freezone Corporation met with a number of <\/strong><strong>Chinese traders <\/strong>at Dubai\u2019s Chinese wholesale market, Dragon Mart, to discuss attracting more investors to the market and enhancing cooperation to support the traders. (<a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4f7njd-pcfc-explores-boosting-cooperation-with-chinese\" 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\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-chile-relations\/\">UAE-Chile relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94378\" 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\/31\/94378-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94378\" class=\"content-area-description single-story post-94378 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 style=\"font-weight:400;\">14 August (Wednesday): UAE to participate in ceasefire talks co-mediated by the US and KSA between the warring factions in Sudan. <\/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;margin:0;line-height:1.15;orphans:2;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;\">4-5 September (Wednesday-Thursday): 2024 International Government Communication Forum, Expo Centre Sharjah, Sharjah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 September (Thursday): Deadline to apply for the sixth edition of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.startups.sheraa.ae\/\" style=\"\">Access Sharjah 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: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;margin:0;line-height:1.15;orphans:2;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>30 September (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dpc.org.ae\/en\/podfestdubai\" style=\"\">Dubai Podfest<\/a><\/span><span style=\"font-weight:400;\">, World Trade Center, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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>, 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>8-9 October (Tuesday-Wednesday)): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/events.economist.com\/global-trade-week\/?RefID=ad_google_gts2024\" style=\"\">Global Trade and Supply Chain 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>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;margin:0;line-height:1.15;orphans:2;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;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\/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;margin:0;line-height:1.15;orphans:2;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;\">MAY 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 May (Monday-Wednesday): Arab Media Summit, World Trade Centre, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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 the fall of 2025:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">2025 Games of the Future, Dubai.<\/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>Al Ansari acquires BFC | Rental value growth in Dubai highest in the world | Mubadala taps advisors to sell Brazilian port<\/p>\n","protected":false},"featured_media":94355,"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-94354","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"ab4cade3-cca0-4c56-92cf-764331cbb2b2","teaser":"Al Ansari acquires BFC | Rental value growth in Dubai highest in the world | Mubadala taps advisors to sell Brazilian port","photo_url":"https:\/\/ent.news\/2024\/7\/2570.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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