{"id":94669,"date":"2024-08-09T00:00:00","date_gmt":"2024-08-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=94669"},"modified":"2025-12-15T01:06:33","modified_gmt":"2025-12-15T01:06:33","slug":"fujairah-is-developing-a-petroleum-logistics-zone-in-egypt","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/fujairah-is-developing-a-petroleum-logistics-zone-in-egypt\/","title":{"rendered":"Fujairah is developing a petroleum logistics zone in Egypt"},"content":{"rendered":"<section id=\"94671\" 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=\"94671\">\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\/08\/09\/this-morning-adia-eyes-stake-in-vodafone-idea-flying-taxis-could-come-earlier-than-expected\/\">\r\n                            THIS MORNING: Adia eyes stake in Vodafone Idea? + Flying taxis could come earlier than expected                        <\/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\/08\/09\/this-morning-adia-eyes-stake-in-vodafone-idea-flying-taxis-could-come-earlier-than-expected\/\" 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\/08\/09\/this-morning-adia-eyes-stake-in-vodafone-idea-flying-taxis-could-come-earlier-than-expected\/')\">\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\/08\/09\/this-morning-adia-eyes-stake-in-vodafone-idea-flying-taxis-could-come-earlier-than-expected\/\">\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: Adia eyes stake in Vodafone Idea? + Flying taxis could come earlier than expected&url=https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/this-morning-adia-eyes-stake-in-vodafone-idea-flying-taxis-could-come-earlier-than-expected\/\">\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\/08\/09\/this-morning-adia-eyes-stake-in-vodafone-idea-flying-taxis-could-come-earlier-than-expected\/&title=THIS MORNING: Adia eyes stake in Vodafone Idea? + Flying taxis could come earlier than expected\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+MORNING%3A+Adia+eyes+stake+in+Vodafone+Idea%3F+%2B+Flying+taxis+could+come+earlier+than+expected+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F08%2F09%2Fthis-morning-adia-eyes-stake-in-vodafone-idea-flying-taxis-could-come-earlier-than-expected%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\/08\/09\/this-morning-adia-eyes-stake-in-vodafone-idea-flying-taxis-could-come-earlier-than-expected\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/936.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94672\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/this-morning-adia-eyes-stake-in-vodafone-idea-flying-taxis-could-come-earlier-than-expected\/936-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/936.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"936.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/936.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/936.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94671\" class=\"content-area-description single-story post-94671 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-abu-dhabi-investment-authority tag-enterpriseam-uae tag-ma tag-olympics tag-sports tag-transport tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.eab78caa-4378-4596-9c07-72314b93b0e2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Good morning, wonderful people, and happy FRIDAY. <\/strong><span style=\"background-color: transparent;\">We close out the week with an issue packed with a deluge of earnings from the likes of Emaar and Spinneys, and a lot of activity from UAE companies in Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY here at home<\/strong> is Fujairah inking an agreement with Egypt to develop a USD 3 bn petroleum logistics zone in El Alamein. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- Our spell of rain looks to be over<\/strong>, with clouds dissipating and temperatures rising to 41\u00b0C in <strong>Abu Dhabi<\/strong>, before cooling to an overnight low of 33\u00b0C. In <strong>Dubai<\/strong>, the mercury hits 40\u00b0C today, with an overnight low of 33\u00b0C. <\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a><strong> #1<\/strong><strong>-<\/strong> <strong>Joby is bringing air taxis to the UAE earlier than expected: <\/strong>Electric aircraft developer Joby Aviation announced its plans to launch battery-powered air taxis in Dubai by late 2025, CEO JoeBen Bevirt said in the company\u2019s <a target=\"_blank\" href=\"https:\/\/event.choruscall.com\/mediaframe\/webcast.html?webcastid=y5tmW31V\" style=\"\" rel=\"noopener\">2Q earnings call<\/a>. The company will kick off infrastructure work later this year, begin initial flights in early 2025, and aims for full commercialization by year-end.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>This new timeline is ahead of the previously agreed-upon 2026 launch date set with Dubai\u2019s Road and Transport Authority in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c9da5c2f-75c5-47ca-8ad5-4611bf95779e\/flying-taxis-are-coming\" style=\"\" rel=\"noopener\">February<\/a>. The taxis will be designed to carry a pilot and four passengers at speeds of up to 200 miles per hour, slashing journey times from DXB to Palm Jumeirah to 10 minutes, down from 45 minutes by car.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>#2- <\/strong><strong>Adia eyes Indian govt\u2019s Vodafone Idea stake -report: <\/strong>The Abu Dhabi Investment Authority (Adia) is reportedly among the shortlisted bidders for the Indian government\u2019s 23.15% stake in Indian telco Vodafone Idea, Indian paper the <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/business\/banking-finance-govt-sounds-sovereign-funds-for-offloading-its-stake-in-vi-3576789\/\" style=\"\" rel=\"noopener\">Financial Express<\/a> reports, citing people in the know. Qatar\u2019s sovereign wealth fund Qatar Investment Authority and Singapore\u2019s Temasek are also competing to acquire the stake, with talks still in the early stages. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The Indian government, which became Vodafone\u2019s largest shareholder in 2023 with a 32% stake, saw its stake <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2024-04-25\/vodafone-idea-revival-indian-government-investors-save-billionaire-birla-firm#:~:text=The%20government%20is%20now%20a%2032%25%20shareholder%20in%20Vodafone%20Idea%2C%20the%20only%20company%20to%20avail%20of%20the%20debt%2Dto%2Dequity%20conversion%20option.%20That%20stake%20will%20fall%20to%20about%2023%25%20after%20the%20fundraise.\" style=\"\" rel=\"noopener\">reduced<\/a> to 23.15% following the telco\u2019s INR 180 bn (c. USD 2.14 bn) follow-on-public offering \u2014 the largest follow-on public offer in India to date. The Indian government aims to raise between <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/india-aims-raise-up-24-bln-selling-stakes-state-run-firms-official-2024-02-02\/\" style=\"\" rel=\"noopener\">USD 2.2-2.4 bn<\/a> by the end of FY 2024 by offloading various stakes in state-owned companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adia seems to be bullish on Indian investments: <\/strong>The latest news comes on the heels of a series of potential bids by the sovereign wealth fund in various Indian companies. Most recently, Adia kicked off talks with EQT Baring Private Equity for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e8ca3d5f-118d-4fdb-ae83-5e4b0e2024a4\/visa-overstay-amnesty-period-in-september-%2B-could-someone-acquire-the-spectator-from-redbird-imi-as-soon-as-this-month%3F#:~:text=%232%2D%20Adia%20eyes,Credila%20in%20March.\" style=\"\" rel=\"noopener\">10% stake<\/a> in education loan provider HDFC Credila Financial Services. An Adia-backed consortium is also bidding to buy a 51%, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b2bdb852-0cea-4b57-abce-258ebff26f86\/fuel-prices-hiked-in-august-%2B-is%253cmark%253e-adia%253c%2Fmark%253e-closer-to-acquiring-a-stake-in-haldiram%3F#:~:text=%232%2D%20Has%20an,USD%208.5%20bn.\" style=\"\" rel=\"noopener\">USD 4.8 bn<\/a> stake in Indian food brand Haldiram. Adia and Qatar Investment Authority were also among 50 investors backing Indian conglomerate Adani\u2019s power distribution arm Adani Energy Solutions\u2019 secondary share sale, which is worth up to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bc811455-81fb-4bbb-b631-691ff0cad3ed\/%253cmark%253eadia%253c%2Fmark%253e-backs-adani-energy-in-secondary-share-shale\" style=\"\" rel=\"noopener\">USD 1 bn<\/a>.<\/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>#3- <\/strong><strong>The government has banned oil tankers flying Eswatini\u2019s flag from arriving at <\/strong><strong>Emirati ports<\/strong>, distancing itself from vessels associated with transporting Russian oil, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-08\/uae-bans-eswatini-flagged-ships-in-fresh-shadow-fleet-crackdown\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/780.pdf\" style=\"\" rel=\"noopener\">government circular (pdf)<\/a> posted on the Port of Fujairah website. Eswatini is new in global shipping, with no ships sailing under its flag in 2023. While most of these ships' ownership is unclear, several Eswatini-flagged tankers have been involved in transporting oil produced in Russia and Iran, according to Kpler data.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first flag banned: <\/strong>The decision follows a circular at the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1ecaa34b-11ef-41a9-ad99-60ed877ca4b6\/this-morning:-world-bank-sees-stronger-growth-in-the-uae-%2B-we-have-five-days-left-until-davos\" style=\"\" rel=\"noopener\">beginning of the year<\/a>, which prohibited Cameroonian-flagged vessels due to concerns that many of the ships have been assembled to transport sanctioned Russian oil.<\/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>Early last week, US jobs data fueled one of the biggest global market routs in years. <\/strong><strong>Yesterday, jobless data fueled a big comeback <\/strong>\u2014 just another day in the financial markets rollercoaster of 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wall Street stocks notched their best day since 2022<\/strong>, with the S&amp;P 500 up 2.3% and the tech-heavy Nasdaq up 2.9%, helping make up some of the losses made earlier this week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The unwinding of carry trades is getting a lot of attention in the foreign press.<\/strong> <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/graphics\/JAPAN-YEN\/EXPLAINER\/xmvjnxjmbvr\/\" style=\"\" rel=\"noopener\">Reuters<\/a> has a handy in-depth primer on the impact of the Bank of Japan\u2019s moves on global markets, with a historical look at the bank\u2019s intervention with the currency, while Bloomberg looks more broadly at JP Morgan\u2019s data on the unwinding of carry trades over the past year. We have more in Planet Finance, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US is also making headlines on the politics side<\/strong> for several reasons: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The US, Qatar, Egypt are calling for a round of Gaza ceasefire talks next Thursday <\/strong>in Doha or Cairo to \u201cclose all remaining gaps,\u201d the countries said in a <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2024\/08\/08\/joint-statement-from-the-leaders-of-the-united-states-egypt-and-qatar\/#:~:text=August%2008%2C%202024-,Joint%20Statement%20from%20the%20Leaders,United%20States%2C%20Egypt%2C%20and%20Qatar&amp;text=It%20is%20time%20to%20bring,hostages%20and%20detainees%20release%20deal.\" style=\"\" rel=\"noopener\">statement<\/a>. The move comes as the region braces for an Iranian attack on Israel in the wake of a string of Israeli killings of Hamas and Hezbollah officials. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Former President Donald Trump has challenged his opponent, Vice President Kamala Harris, to three debates<\/strong>, with the first set to take place on 10 September. (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/article\/2024\/aug\/08\/trump-january-6-lies-kamala-harris-attacks\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/08\/08\/2024\/donald-trump-challenges-kamala-harris-three-debates-maralago-press-conference\" style=\"\" rel=\"noopener\">Semafor<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN TECH NEWS- Fellow iSheep (and fans of more compact tech), <\/strong>Apple\u2019s Mac Mini \u2014 which will run on its new M4 chip \u2014 will be its smallest desktop computer yet, sources told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-08\/mac-mini-m4-apple-plans-to-release-smallest-desktop-computer-yet?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The new model is due for release later this year. <\/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>It\u2019s almost a wrap at the Paris Olympics 2024<\/strong>, with the final ceremony slated to take place on Sunday. Here\u2019s what not to miss on the final days of the competition: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TODAY- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Four boxing finals are taking place today<\/strong>, with Algeria\u2019s <strong>Imane Khelif<\/strong> gunning for gold in a fight against China\u2019s Yang Liu later tonight. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Spain takes on hosts France in the football final of the Olympics today at 8pm UAE time<\/strong>, setting up the former for its second trophy this year or for France to take home the gold for the first time in 40 years \u2014 either way, it\u2019ll be the first time a European side takes home gold since Spain in 1992. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Plus: The US women\u2019s basketball team will face off against Australia; <\/strong>while the<strong> breaking bronze medal is up for grabs. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TOMORROW-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Thirty-nine gold medals are up for grabs tomorrow in the busiest single day for gold in the competition for decades. <\/strong>Keep an eye out for the women's<strong> football final<\/strong> between US and Brazil; the <strong>men\u2019s basketball final<\/strong> between the US and hosts France; <strong>men\u2019s<\/strong> <strong>handball final<\/strong> (also) between US and France; <strong>4x400m relays<\/strong>; the <strong>men\u2019s marathon<\/strong>; and <strong>water polo women\u2019s finals<\/strong>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SUNDAY-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The final day of the Olympics brings with it a few exciting events,<\/strong> including women\u2019s sprint, women\u2019s weightlifting, women\u2019s basketball, and men\u2019s water polo. And of course: the closing ceremony, set to take place 11pm UAE time at the stadium. <\/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>USA (30 gold, 103 overall)<\/li>\n<li>China (29 gold, 73 overall)<\/li>\n<li>Australia (18 gold, 45 overall)<\/li>\n<li>France (14 gold, 54 overall)<\/li>\n<li>UK (13 gold, 51 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\"><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\"> MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi National Oil Company (Adnoc) has set the official selling price for its <\/strong><strong>benchmark Murban crude at USD 83.8 per barrel for September<\/strong>, up from August\u2019s USD 82.52, <a target=\"_blank\" href=\"https:\/\/www.tradingview.com\/news\/reuters.com,2024:newsml_P8N3IX04W:0-adnoc-sets-september-murban-crude-osp-at-83-80-a-barrel\/\" 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>***<br \/><\/strong><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE delivered every weekday before 7am UAE time \u2014 without charge, thanks to our friends at Mashreq.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/uaeformar.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/13.jpg?ssl=1\"><\/a><\/p>\n\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\" 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href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20617.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94674\" 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=\"94674\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/fujairah-to-establish-usd-3-bn-logistics-zone-in-egypt\/\">\r\n                            Fujairah to establish USD 3 bn logistics zone in Egypt                        <\/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\/08\/09\/fujairah-to-establish-usd-3-bn-logistics-zone-in-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> 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href=\"https:\/\/api.whatsapp.com\/send?text=Fujairah+to+establish+USD+3+bn+logistics+zone+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F08%2F09%2Ffujairah-to-establish-usd-3-bn-logistics-zone-in-egypt%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\/08\/09\/fujairah-to-establish-usd-3-bn-logistics-zone-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/535.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94675\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/fujairah-to-establish-usd-3-bn-logistics-zone-in-egypt\/535-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/535.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"535.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/535.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/535.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94674\" class=\"content-area-description single-story post-94674 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-borouge tag-egypt tag-energy tag-enterpriseam-uae tag-fujairah tag-oil-and-gas 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\/8\/.00cf1aaa-1cdd-45e9-af2b-2cb8934b8ac6.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fujairah has inked <\/strong><strong>an MoU<\/strong><strong> with Egypt to build a USD 3 bn petroleum<\/strong><strong> logistics <\/strong><strong>zone at Al Hamra Port on the Mediterranean coast, <\/strong>according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02fzpQJXPWqdi8dWK8QhZQwwJBeScCcG9kVtrKBscT1v2ihJc2KhikeBYX86QbEZV5l\" style=\"\" rel=\"noopener\">statement<\/a> by the Egyptian Cabinet. The construction of the zone is expected to take three years after kicking off in 1H 2025, following the completion of technical studies, a senior Egyptian official told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/power\/50762\/%D9%85%D8%B5%D8%B1-%D9%88%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AA%D8%AA%D9%81%D9%82%D8%A7%D9%86-%D8%B9%D9%84%D9%89-%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D9%86%D8%B7%D9%82%D8%A9-%D9%84%D9%88%D8%AC%D8%B3%D8%AA%D9%8A%D8%A9-%D8%A8%D8%AA%D8%B1%D9%88%D9%84%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">Asharq Business<\/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;\">Still ironing out the details: <\/strong><span style=\"background-color: transparent;\">The emirate is currently negotiating with Egypt\u2019s petroleum authority to decide on whether to develop the zone jointly at Al Hamra Port in El Alamein, or whether the emirate will acquire the plot independently for a fee, the official revealed.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>Last <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e76dd13f-0ff0-4b59-bffe-28f9b6255a94\/up-next:-drainage-infrastructure%3F#:~:text=%233%2D%20Borouge%20to,a%20statement.\" style=\"\" rel=\"noopener\">April<\/a>, the emirate signed a preliminary agreement with Egypt and Adnoc petrochemicals JV Borouge to set up a freezone focused on the production, storage and trade of oil and its derivatives. The emirate also discussed investing in Egypt\u2019s petroleum sector during a visit by Egyptian Petroleum minister Karim Badawi to Fujairah <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b5edf312-f0fb-4346-9143-e1147a580f9d\/this-morning:-president-mohammed-bin-zayed-in-egypt-%2B-gcc-turkey-trade-talks-kick-off#:~:text=%231%2D%20Fujairah%20eyes,and%20Brooge%20Energy.\" style=\"\" rel=\"noopener\">last month<\/a>. The two sides talked about partnering to develop joint projects, aimed at enhancing the Egyptian sector\u2019s capacities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fujairah will help ramp up Egypt\u2019s energy supply: <\/strong>Under the agreement, Fujairah might export petroleum products to the local Egyptian market through Fujairah Oil Industry Zone\u2019s partnerships with global oil and gas suppliers, by \u201coffering a competitive edge to the Egyptian General Petroleum Corporation,\u201d the statement reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt to get an Emirati industrial zone? <\/strong>The UAE and Egypt are also in talks to build an Emirati industrial zone in Egypt\u2019s East Port Said, which would include solar and wind energy, sewage treatment, seawater desalination, and aluminum manufacturing projects, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/KyLh5dhKByuFdseA\/\" style=\"\" rel=\"noopener\">statement<\/a> by the Egyptian Industry and Transport Ministry. The zone could also be a freezone or special economic zone exempt of customs duties, the statement said. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/borouge\/\">Borouge<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/egypt\/\">Egypt<\/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\/fujairah\/\">Fujairah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/oil-and-gas\/\">oil and gas<\/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=\"94676\" 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=\"94676\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/masdar-is-building-another-wind-farm-in-egypt\/\">\r\n                            Masdar is building another wind farm in Egypt                        <\/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\/08\/09\/masdar-is-building-another-wind-farm-in-egypt\/\" 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\/08\/09\/masdar-is-building-another-wind-farm-in-egypt\/')\">\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\/08\/09\/masdar-is-building-another-wind-farm-in-egypt\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Masdar is building another wind farm in Egypt&url=https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/masdar-is-building-another-wind-farm-in-egypt\/\">\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\/08\/09\/masdar-is-building-another-wind-farm-in-egypt\/&title=Masdar is building another wind farm in Egypt\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Masdar+is+building+another+wind+farm+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F08%2F09%2Fmasdar-is-building-another-wind-farm-in-egypt%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\/08\/09\/masdar-is-building-another-wind-farm-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2204.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94677\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/masdar-is-building-another-wind-farm-in-egypt\/2204-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2204.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2204.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2204.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2204.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94676\" class=\"content-area-description single-story post-94676 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-egypt tag-energy tag-enterpriseam-uae tag-masdar tag-wind-energy 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\/8\/.43236dd8-1c68-4cd9-be39-dbcb424b0afe.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A new Masdar wind project in Egypt? <\/strong>Egypt\u2019s Electricity ministry is reportedly set to sign an agreement with state-run renewables giant Masdar for a 200 MW wind farm, an Egyptian government source told EnterpriseAM. The project has an investment ticket of USD 180 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;\">The details:<\/strong><span style=\"background-color: transparent;\"> The project will be developed under a build-own-operate model, with the Egyptian Electricity Transmission Company (EETC) set to be the offtaker of the generated electricity throughout the project\u2019s lifetime. EETC is currently reviewing the final terms of the agreement.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>Madar is currently working with a number of unnamed banks to submit a financial proposal within a month, the source added. A meeting will also be held in the upcoming weeks to discuss the plans for different phases of the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar ? Egypt: <\/strong>An Infinity Power-Hassan Allam Utilities-Masdar consortium reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b7921c49-9c4d-454d-a570-bb4ac424497c\/more-details-on-egypt%25e2%2580%2599s-latest-green-ammonia%253cmark%253e-project%253c%2Fmark%253e,-courtesy-of-infinity-power\" style=\"\" rel=\"noopener\">received the land<\/a> for their USD 11 bn, 10 GW wind farm project in Sohag in in July. The consortium is expected to reach financial close and break ground on Egypt\u2019s largest wind energy project \u2014 which is also set to be one of the largest wind farms globally and the largest in Africa \u2014 in March 2026. The consortium, alongside global energy giant BP, will also set up an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b7921c49-9c4d-454d-a570-bb4ac424497c\/\" style=\"\" rel=\"noopener\">8 GW green hydrogen and ammonia plant<\/a> in the Suez Canal Economic Zone. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/egypt\/\">Egypt<\/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\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/wind-energy\/\">wind energy<\/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=\"94678 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=\"94678\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/94678-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94678\" class=\"content-area-description single-story post-94678 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\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=\"94679\" 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=\"94679\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/peak-earnings-season-3\/\">\r\n                            Peak earnings season                        <\/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\/08\/09\/peak-earnings-season-3\/\" 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\/08\/09\/peak-earnings-season-3\/')\">\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\/08\/09\/peak-earnings-season-3\/\">\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=Peak earnings season&url=https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/peak-earnings-season-3\/\">\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\/08\/09\/peak-earnings-season-3\/&title=Peak earnings season\">\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=Peak+earnings+season+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F08%2F09%2Fpeak-earnings-season-3%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\/08\/09\/peak-earnings-season-3\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1197.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94680\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/peak-earnings-season-3\/1197-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1197.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1197.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1197.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1197.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94679\" class=\"content-area-description single-story post-94679 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-adnoc-distribution tag-aramex tag-dewa tag-dubai-investments tag-earnings-watch tag-emaar tag-enterpriseam-uae tag-etihad-airways tag-rak-properties tag-spinneys tag-unikai-foods tag-union-coop 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\/8\/.1672c036-9087-4db5-a4bf-2e4bdff08e64.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">EMAAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Real estate developer Emaar Properties\u2019 net <\/strong><strong>income attributable to shareholders rose to AED 5.3 bn in 1H 2024<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/properties.emaar.com\/en\/investor-relations\/emaar-properties-pjsc\/\" style=\"\" rel=\"noopener\">website<\/a>. Meanwhile, revenues rose 17% y-o-y to AED 14.4 bn during the six-month period, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/719.pdf\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/719.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">The developer saw its sales leap 56% y-o-y, reaching a record AED 31.5 bn<\/strong><span style=\"background-color: transparent;\"> during the first six months of 2024, with 2Q 2024 sales outperforming sales in the first quarter. The record sales have bolstered Emaar\u2019s revenue from its backlog of property sales to AED 90.1 bn, up 43% y-o-y \u2014 set to sustain Emaar over the next 4-5 years.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- In real estate, sales \u2260 revenues.<\/strong> With off-plan sales dominating the industry, most real estate companies book a sale when you sign a contract to buy a home. But they only record (some or all) of the value of the unit it sold you when it (a) delivers the unit to you or (b) hits a percentage completion on a total project. In most cases, then, revenues are composed of sales from past periods, while sales in a given quarter will be recognized as revenues in the future when units are completed or delivered.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How Emaar\u2019s subsidiaries performed: <\/strong>Emaar Development booked AED 7.3 bn in revenues in 2Q 2024, while Emaar Malls saw its revenues reach AED 2.8 bn in 1H 2024. Emaar's hospitality, leisure, and entertainment divisions boosted its revenues 9% y-o-y, contributing AED 1.8 bn, in the first half of the year.<\/p>\n<p class=\"tag-border-left\">SPINNEYS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Spinneys logs first post-IPO financial results:<\/strong> Spinneys\u2019 net income grew 17.7% y-o-y to AED 71.8 mn in 2Q 2024, according to the company\u2019s second <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/715.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a> filed with the DFM. The company booked AED 782.8 mn in revenues, up 9% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six-month basis<\/strong>, Spinneys\u2019 bottom line grew 15% y-o-y to AED 146.5 mn in 1H 2024. The company\u2019s revenues grew 10% y-o-y to AED 1.6 bn on the back of a 9.8% increase in same store sales, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/716.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The growth in revenues was bolstered by the opening of four new locations in Dubai \u2014 Al Khawaneej, Sobha, The Kitchen by Spinneys in Dubai Mall \u2014 and its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/60cb6559-113e-4122-9342-f0a5556a8011\/hsbc-debuts-global-wealth-trading-platform#:~:text=Spinneys%20officially%20expands%20to%20KSA%3A\" style=\"\" rel=\"noopener\">first store in Riyadh<\/a>, Saudi Arabia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>First post-IPO interim dividends: <\/strong>The company\u2019s board approved interim dividends of AED 103 mn for 1H 2024, set to be distributed this month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> <strong>Spinneys debuted on DFM in May:<\/strong> Al Seer Group listed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7afffccb-5246-40b3-9f59-a15d3f145e46\/\" style=\"\" rel=\"noopener\">900 mn of its shares<\/a> \u2014 equivalent to a 25% stake \u2014 in Spinneys on the DFM earlier in May, raising <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c4d11ecf-b359-4f9d-9acf-98da56eb5a55\/%253cmark%253espinneys%253c%2Fmark%253e%25e2%2580%2599-ipo-subscription-attracts-71-bn-in-orders\" style=\"\" rel=\"noopener\">AED 1.38 bn<\/a> after receiving more than AED 71 bn in orders.<\/p>\n<p class=\"tag-border-left\">ADNOC DISTRIBUTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi National Oil Company (Adnoc) Distribution reported a 12.9% y-o-y increase in <\/strong><strong>net income attributable to shareholders to AED 622.8 mn in 2Q 2024<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/733.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The company\u2019s revenues rose 8% y-o-y to AED 8.78 bn, driven by increased fuel volumes and higher selling prices on the back of rising crude oil prices and growth in non-fuel retail business, Adnoc Distribution said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/730.pdf\" style=\"\" rel=\"noopener\">earnings reports (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six-month basis,<\/strong> Adnoc Distribution saw its net income attributable to shareholders rise 7% y-o-y to AED 1.17 bn, attributable to the increased field volumes and selling prices and the consolidation of TotalEnergies Marketing Egypt. The fuel retailer booked AED 17.5 bn in revenues, increasing 8.7% y-o-y in 1H 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends: <\/strong>Adnoc Distribution proposed dividends of USD 350 mn for 1H 2024, set to be distributed in October 2024, the company said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/728.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead, the fuel retailer plans to invest between USD 200-300 mn in CAPEX during 2024,<\/strong> with 70% of the sum to be allocated towards \u201cgrowth-focused initiatives.\u201d<\/p>\n<p class=\"tag-border-left\">ETIHAD AIRWAYS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad Airways saw its income after tax rise 48% y-o-y to AED 8<\/strong><strong>51<\/strong><strong> mn in 1H 202<\/strong><strong>4<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/www.etihad.com\/en\/news\/etihad-airways-reports-48-increase-in-profits-to-aed-851-million-in-first-half-2024\" style=\"\" rel=\"noopener\">earnings release<\/a>. The Abu Dhabi-based carrier\u2019s revenue increased 21% y-o-y to AED 11.7 bn during the same period, fueled by a 24% y-o-y increase in passenger revenues due to the expansion of its network, the statement added. The UAE carrier also saw a 10% y-o-y increase in cargo revenue fueled by increased demand and cargo fleet capacity expansion. <strong>The carrier saw a 38% y-o-y increase in passenger numbers to 8.7 mn<\/strong> during the period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More fleet expansion ahead: <\/strong>Etihad Airways added 16 more aircrafts to its 92 fleet, including three A321neos, and is expecting to add more than 20 new generation aircraft to its fleet in the next 18 months that aim to reduce emissions and increase efficiency by 20% compared to previous models. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad has been on a roll: <\/strong>Etihad Airways <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bade33e7-9fa3-4e1a-8295-a972a81ec65d\/keep-the-earnings-coming%25e2%2580%25a6\" style=\"\" rel=\"noopener\">saw its income after tax rise 791%<\/a> y-o-y to a record AED 525 mn in 1Q 2024, and booked AED 5.7 bn in revenues for the quarter, up 21% y-o-y. Etihad\u2019s parent company ADQ is potentially going after both a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c51b4ea9-069c-433b-a44a-d91139d4417f\" style=\"\" rel=\"noopener\">traditional IPO and direct listing on ADX<\/a> at the end of the year, with the offering expected to raise as much as USD 1 bn. The airline tapped Abu Dhabi Commercial Bank, Bank of America, BNP Paribas, and Morgan Stanely as joint bookrunners as advisors back in May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The airline has met most regulatory requirements, though a date has not yet been set,<\/strong> CEO Antonaldo Neves told <a target=\"_blank\" href=\"https:\/\/www.snabusiness.com\/article\/1734405-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D9%84%D9%84%D8%B7%D9%8A%D8%B1%D8%A7%D9%86-%D8%AC%D8%A7%D9%87%D8%B2%D9%88%D9%86-%D9%84%D9%84%D8%B7%D8%B1%D8%AD-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D9%88%D9%84%D9%85-%D9%86%D8%AD%D8%AF%D8%AF-%D8%A7%D9%84%D9%85%D9%88%D8%B9%D8%AF\" style=\"\" rel=\"noopener\">Sky News Arabia<\/a>. Neves stated that while the majority of IPO criteria have been fulfilled, the timing will hinge on shareholder approval. Neves also mentioned plans to expand its global network by adding 10 new destinations and aims to triple passenger numbers compared to 1H.<\/p>\n<p class=\"tag-border-left\">RAK PROPERTIES- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ras Al Khaimah developer RAK Properties\u2019 net income rose 9% y-o-y to AED 47.6 <\/strong><strong>mn in 2Q 2024<\/strong> as the developer saw robust demand and successful project launches during the first half of the year, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/741.pdf\" style=\"\" rel=\"noopener\">quarterly financials (pdf)<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/742.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Meanwhile, revenues rose 26.7% y-o-y to AED 320.6 mn during the quarter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 1H 2024<\/strong>, net income rose 1.9% y-o-y to AED 89.1 mn, while revenues grew 19.3% y-o-y to AED 610.4 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>The developer is forecasting further revenue growth on the back of a solid pipeline of developments and support from the Ras Al Khaimah government, which <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9da8f06e-74ba-458f-a54b-c6e3ae218132\/ras-al-khaimah-government-is-now%253cmark%253e-rak-properties%253c%2Fmark%253e%25e2%2580%2599-biggest-shareholder\" style=\"\" rel=\"noopener\">increased its stake<\/a> in the company to 34%, up from 5%, earlier this year. <\/p>\n<p class=\"tag-border-left\">DEWA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Electricity and Water Authority (Dewa) posted a 3.5% y-o-y decline in net income<\/strong><strong> to AED 1.91 bn in 2Q 2024<\/strong>, according to the authority\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/748.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The company\u2019s revenues rose 7.8% to AED 7.86 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company\u2019s 1H saw a similar result: <\/strong>The company\u2019s net income dropped 6.6% y-o-y to AED 2.55 bn in 1H 2024 due to the impact of the corporate tax and higher appreciation, while revenues rose 7.3% to 13.66 bn over the same period. Revenue growth came on the back of and increase in demand for electricity, water and cooling services, the authority said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cThe demand for power and water in 2024 grew by 6.7% and 4.3% respectively reflecting continuous growth in Dubai,\u201d Dewa CEO Saeed Mohammed Al Tayer said in a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/750.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. <\/p>\n<p class=\"tag-border-left\">DUBAI INVESTMENTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.dubaiinvestments.com\/\" style=\"\" rel=\"noopener\">Dubai Investments\u2019<\/a><\/strong><strong> net income rose 22% y-o-y to AED 289.1 mn 2Q 2024,<\/strong> according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/781.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The company recorded AED 1.24 bn in revenues during the quarter, up 22% y-o-y. On a six-month basis, Dubai Investments reported a 27% y-o-y drop in net income to AED 401.5 mn in 1H 2024, on revenues of AED 2.03 bn (relatively flat y-o-y).<\/p>\n<p class=\"tag-border-left\">ARAMEX- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Logistics outfit Aramex\u2019s net income fell 83% y-o-y to AED 3.1 mn in 2Q 2024, <\/strong>according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/782.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. In a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/783.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>, Aramex attributed the y-o-y decrease to seasonal challenges in 2Q \u2014 including adverse weather conditions and public holidays \u2014 resulting in slower business activity and fewer operational working days. The seasonal impact is estimated at AED 45 mn in lost revenues and AED 8.8 mn in lost net income. The company recorded AED 1.5 bn in revenues, up 8% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a six-month basis, Aramex saw its bottom line rise 17% y-o-y<\/strong> to AED 49.8 mn. The company\u2019s top line also increased 8% during the same period to AED 3.04 bn, buoyed primarily by new clients and improved sales, especially in international and domestic express operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>\u201cAramex is poised to sustain its growth momentum across key product lines in the second half of the year,\u201d the release said, adding that the company will continue to make strategic investments in infrastructure and talent to broaden its customer base. Full-year revenues are projected to grow at 8-9% in 2024. <\/p>\n<p class=\"tag-border-left\">DANA GAS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sharjah\u2019s Dana Gas saw its net income increase 2.5% y-o-y to AED 124 mn in 2Q 20<\/strong><strong>24<\/strong>, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/723.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The company also penciled in a 2.3% y-o-y increase in its net revenue to AED 267 mn. Improved margins for the period mitigated a 7% revenue decline caused by lower realized prices, Dana Gas said in a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/722.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>For the first half of 2024<\/strong>, Dana Gas saw its net income fall 13.5% y-o-y to AED 263 mn on the back of lower realized prices at its Khor Mor gas field in Iraq\u2019s Kurdistan region, as well as lower production output in Egypt primarily due to natural field declines. The energy company\u2019s revenues reached AED 557 mn, marking a 5% y-o-y decline. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Production levels in Iraq rose 3%<\/strong>, fueled by higher gas volumes for local power plans amidst growing demand. A new payment mechanism with the local Iraqi government has improved receivables, with regular payments since November 2023 reducing past dues, according to Dana Gas CEO Richard Hall.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dana Gas and its partners are finalizing a new completion date for the KM250 project <\/strong>following the drone attack on the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/uae\/2024-04-30#:~:text=%233%2D%20Dana%20Gas%20halts%20production%20in%20Iraq%3A\" style=\"\" rel=\"noopener\">Khor Mor gas field in late April<\/a> and will update the market on the revised timeline and costs \u201csoon.\u201d<\/p>\n<p class=\"tag-border-left\">UNIKAI FOODS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based Unikai Foods reported a bottom line of AED 10.2 mn in 2Q 2024<\/strong>, up 27.6% y-o-y, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/727.pdf\" style=\"\" rel=\"noopener\">unaudited financials (pdf)<\/a>. The company\u2019s revenues increased 14.8% y-o-y to AED 109.4 mn. On a 1H basis, the company\u2019s net income increased 71% y-o-y to AED 14.6 mn, while revenues rose 18.5% y-o-y to AED 205.9 mn.<\/p>\n<p class=\"tag-border-left\">UNION COOP- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Union Coop\u2019s net income after tax increased 21% y-o-y in 1H 2024 to AED 163.1 mn,<\/strong> according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/784.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The company booked revenues of AED 962.3 mn, up 5% y-o-y during the same period.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-distribution\/\">Adnoc Distribution<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aramex\/\">Aramex<\/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\/dubai-investments\/\">Dubai Investments<\/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\/emaar\/\">Emaar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/etihad-airways\/\">Etihad Airways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/rak-properties\/\">RAK Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/spinneys\/\">Spinneys<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/unikai-foods\/\">Unikai Foods<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/union-coop\/\">Union Coop<\/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=\"94681\" 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=\"94681\">\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\">KUDOS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/dubais-rta-bags-prince-michael-international-road-safety-award\/\">\r\n                            Dubai\u2019s RTA bags Prince Michael International Road Safety Award                        <\/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\/08\/09\/dubais-rta-bags-prince-michael-international-road-safety-award\/\" 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\/08\/09\/dubais-rta-bags-prince-michael-international-road-safety-award\/')\">\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\/08\/09\/dubais-rta-bags-prince-michael-international-road-safety-award\/\">\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=Dubai\u2019s RTA bags Prince Michael International Road Safety Award&url=https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/dubais-rta-bags-prince-michael-international-road-safety-award\/\">\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\/08\/09\/dubais-rta-bags-prince-michael-international-road-safety-award\/&title=Dubai\u2019s RTA bags Prince Michael International Road Safety Award\">\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=Dubai%E2%80%99s+RTA+bags+Prince+Michael+International+Road+Safety+Award+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F08%2F09%2Fdubais-rta-bags-prince-michael-international-road-safety-award%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\/08\/09\/dubais-rta-bags-prince-michael-international-road-safety-award\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/792.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94682\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/dubais-rta-bags-prince-michael-international-road-safety-award\/792-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/792.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"792.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/792.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/792.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94681\" class=\"content-area-description single-story post-94681 post type-post status-publish format-standard has-post-thumbnail hentry category-kudos tag-dubai tag-enterpriseam-uae tag-kudos tag-roads-and-transport-authority 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\/8\/.3f5b618f-6686-4cbb-aedf-1829c7b811ed.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s Roads and Transport Authority (RTA) received the Prince Michael International <\/strong><strong>Road Safety Award in the Safer Road Users category,<\/strong> it said in a <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/prince-michael-international-road-safety-awards\" style=\"\" rel=\"noopener\">statement<\/a>. The award was in recognition of the RTA\u2019s safety training program for motorcycle delivery drivers in Dubai, which saw it collaborate with accredited driving institutes to train and certify instructors, who then trained motorcycle delivery drivers according to a rigorous safety system.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kudos\/\">KUDOS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/roads-and-transport-authority\/\">Roads and Transport Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94683\" 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=\"94683\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/foreign-trade-minister-thani-bin-ahmed-al-zeyoudi-named-rorix-chair\/\">\r\n                            Foreign Trade Minister Thani bin Ahmed Al Zeyoudi named Rorix Chair                        <\/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\/08\/09\/foreign-trade-minister-thani-bin-ahmed-al-zeyoudi-named-rorix-chair\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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href=\"https:\/\/api.whatsapp.com\/send?text=Foreign+Trade+Minister+Thani+bin+Ahmed+Al+Zeyoudi+named+Rorix+Chair+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F08%2F09%2Fforeign-trade-minister-thani-bin-ahmed-al-zeyoudi-named-rorix-chair%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\/08\/09\/foreign-trade-minister-thani-bin-ahmed-al-zeyoudi-named-rorix-chair\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/769.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94684\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/foreign-trade-minister-thani-bin-ahmed-al-zeyoudi-named-rorix-chair\/769-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/769.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"769.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/769.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/769.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94683\" class=\"content-area-description single-story post-94683 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-uae tag-international-holding-company tag-moves tag-rorix-holdings 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\/8\/.ebe33081-fbe0-430d-bfb7-565f79d34ed4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trade minister to chair new IHC trade arm:<\/strong> The International Holding Company (IHC) named Foreign Trade Minister Thani bin Ahmed Al Zeyoudi (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/drthanialzeyoudi\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) chairman of its newly formed global finance and trade facilitation holding company Rorix Holdings, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4kkjqp-thani-bin-ahmed-zeyoudi-appointed-chairman-rorix\" style=\"\" rel=\"noopener\">Wam<\/a> writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">ICYMI- <\/strong><span style=\"background-color: transparent;\">Abu Dhabi\u2019s USD 895 bn IHC set up a new global finance and trade facilitation holding company dubbed Rorix Holdings on <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e0b9e6c2-32b1-4ebd-9731-4e0de46bdeab\/IHC%20establishes%20new%20trading%20holdco%20dubbed%20Rorix%20Holdings\" rel=\"noopener\">Tuesday<\/a><span style=\"background-color: transparent;\">. Rorix Holdings will focus on financial services, trade finance, advisory, commodities, and trade ins.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/international-holding-company\/\">International Holding Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/rorix-holdings\/\">Rorix Holdings<\/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=\"94685\" 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=\"94685\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/wynn-resorts-invests-usd-514-4-mn-to-date-in-marjan-gaming-resort-earmarks-land-for-future-development\/\">\r\n                            Wynn Resorts invests USD 514.4 mn to date  in Marjan gaming resort + earmarks land for future development                        <\/a>\r\n                    <\/h3>\r\n\r\n                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class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Wynn+Resorts+invests+USD+514.4+mn+to+date+in+Marjan+gaming+resort+%2B+earmarks+land+for+future+development+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F08%2F09%2Fwynn-resorts-invests-usd-514-4-mn-to-date-in-marjan-gaming-resort-earmarks-land-for-future-development%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\/08\/09\/wynn-resorts-invests-usd-514-4-mn-to-date-in-marjan-gaming-resort-earmarks-land-for-future-development\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/772.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"94686\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/wynn-resorts-invests-usd-514-4-mn-to-date-in-marjan-gaming-resort-earmarks-land-for-future-development\/772-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/772.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"772.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/772.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/772.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94685\" class=\"content-area-description single-story post-94685 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-adani tag-agthia tag-also-on-our-radar tag-banking tag-energy tag-enterpriseam-uae tag-hospitality tag-insurance tag-ipo tag-ma tag-manufacturing tag-nbfs tag-ras-al-khaimah tag-transport 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\/8\/.0e4d193c-3932-47e1-a217-dc81834b7cc4.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Wynn Resorts invests USD 514.4 mn to date in Marjan gaming resort: <\/strong>High-end hotel developer and operator Wynn Resorts poured some USD 356.5 mn into its 40%-owned joint venture with local developer Marjan and RAK Hospitality in 2Q 2024, which is developing the USD 3.9 bn gaming resort Wynn Al Marjan, the company said in its <a target=\"_blank\" href=\"https:\/\/wynnresortslimited.gcs-web.com\/news-releases\/news-release-details\/wynn-resorts-limited-reports-second-quarter-2024-results?field_nir_news_date_value[min]=\" style=\"\" rel=\"noopener\">earnings release<\/a> for the quarter. <\/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 funds went towards the acquisition of its portion of the JV\u2019s acquisition of 155 acres of land in Marjan Island, making up about a quarter of the island\u2019s total land mass, including 70 acres earmarked for future development. The latest investment brings its total investments in the project to date to USD 514.4 mn, out of a forecast USD 900 mn share of investments.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The developer also made \u201csubstantial progress\u201d on debt financing for the project<\/strong>, Zawya quotes CEO Craig Billings as saying during an earnings call, adding that it expects to finalize this by the end of the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_Subhed_! <strong>INVESTMENT-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adani Airports forms new Abu Dhabi-based subsidiary:<\/strong> Adani Group\u2019s airport management arm Adani Airport Holdings established a wholly owned subsidiary, dubbed Global Airports Operator, in Abu Dhabi to oversee investments and operations outside of India, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/8\/747.pdf\" style=\"\" rel=\"noopener\">filing (pdf)<\/a> on India\u2019s National Stock Exchange. The formation of the new subsidiary is part of Adani\u2019s plan to expand its aviation network in Eastern Africa, South Asia, and Southeast Asia, Jeet Adani told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-07\/adanis-rejig-digital-strategy-as-superapp-struggles-for-traction\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_Subhed_! <strong>M&amp;A-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADQ-owned F&amp;B firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.agthia.com\/\" style=\"\" rel=\"noopener\">Agthia<\/a><\/strong> <strong> has earmarked AED 403 mn for potential mergers and <\/strong><strong>acquisitions<\/strong>, Agthia\u2019s president of the snacking segment and government relations, Mubarak Al Mansoori, told <a target=\"_blank\" href=\"https:\/\/www.aletihad.ae\/news\/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A\/4505624\/-%D8%A3%D8%BA%D8%B0%D9%8A%D8%A9---403-%D9%85%D9%84%D8%A7%D9%8A%D9%8A%D9%86-%D8%AF%D8%B1%D9%87%D9%85-%D8%B3%D9%8A%D9%88%D9%84%D8%A9-%D9%86%D9%82%D8%AF%D9%8A%D8%A9-%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0%D8%A7%D8%AA-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9\" style=\"\" rel=\"noopener\">Al Etihad<\/a>, highlighting that the company is actively seeking expansion opportunities across the region. Agthia primarily targets markets with large populations and high consumption trends for acquisitions, Al Mansoori added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_Subhed_! <strong>FINTECH-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-based fintech <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sav.money\/\" style=\"\" rel=\"noopener\">Sav<\/a><\/strong><strong> secured in-principle approval for a Category 4 license from the <\/strong><strong>Dubai Financial Services Authority<\/strong>, enabling the company to integrate broader financial services once fully licensed, a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/sav-receives-in-principle-approval-for-category-4-license-in-the-uae-ml10if5u\" style=\"\" rel=\"noopener\">press release<\/a> reads. Sav will be able to expand its offerings to include arranging money services, advising on and arranging investments, and managing credit arrangements.<\/p>\n<p class=\"tag-border-left\">NBFS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Indian Andromeda + Dubai\u2019s Wealth Link Solutions provide home loans for <\/strong><strong>expat Indians: <\/strong>Indian loan distributor <a target=\"_blank\" href=\"https:\/\/www.andromedaloans.com\/\" style=\"\" rel=\"noopener\">Andromeda<\/a> has partnered with Dubai-based <a target=\"_blank\" href=\"https:\/\/wealthlink-solutions.com\/\" style=\"\" rel=\"noopener\">Wealth Link Solutions<\/a> to expand into the Middle East, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/andromeda-extends-loan-distribution-network-into-the-middle-east-to-cater-to-nri-financial-needs-uhygq44t\" style=\"\" rel=\"noopener\">press release<\/a>. With this expansion, the lender is targeting the region\u2019s 9.5 mn non-resident Indian population, offering them access to home loans for their properties in India.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Corporate banking solutions firm Banqeta will provide <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.uae-eu.com\/\" style=\"\" rel=\"noopener\">Europe Emirates Group<\/a><\/strong><strong>\u2019s <\/strong><strong>clients<\/strong> <strong>with corporate bank accounts that they can open online, <\/strong>as well as digital wallets, multi-currency accounts, and Visa payment cards, a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/banqeta-and-europe-emirates-group-announce-exclusive-partnership-in-dubai-ixw4i5eb\" style=\"\" rel=\"noopener\">press release<\/a> reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Network International expands into West Africa: <\/strong>Dubai-based financial services firm Network International has launched a USD 250 mn cloud-based and integrated payment suite, dubbed Network One, in Nigeria, <a target=\"_blank\" href=\"https:\/\/www.thecable.ng\/dubai-based-firm-launches-250m-payment-platform-for-banks-telcos\/\" style=\"\" rel=\"noopener\">the Cable<\/a> cites the company as saying at a media briefing earlier this week. The platform will serve banks, telecommunications operators, fintechs, and mobile network operators in Nigeria and the West African region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_Subhed_! <strong>TECH-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- UAE-Vietnam tech skill development partnership:<\/strong> UAE-based Meerana Technologies and Vietnamese technology company FPT agreed to enhance digital skills among Emiratis with specialized AI and software training programs, the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/august\/08-08\/dubai-international-chamber-supports-uae\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a> writes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- InSky Robotics sets up shop in RAK: <\/strong>Australian tech company InSky Robotics is establishing its first GCC facility, dubbed VIM Solar Robotics, in Al Hamra, Ras Al Khaimah, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/vim-solar-robotics-to-launch-its-first-gcc-facility-in-ras-al-khaimah-vv0ut8g1\" style=\"\" rel=\"noopener\">press release<\/a>. The facility will assemble, store, and supply Voltimate robotic cleaners. The move comes as the company looks to cater to heightened demand in the GCC region for robotic solutions in the solar energy sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_Subhed_! <strong>TRANSPORT-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi has a new plan in place to improve traffic safety,<\/strong> launched by the Traffic Safety Technical Committee, comprising members from the Integrated Transport Centre, Abu Dhabi Police, and the Abu Dhabi Department of Health, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4kkjqn-traffic-safety-technical-committee-launches-work\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The plan, dubbed Work Accelerators, will see the entities form teams to develop and implement plans focusing on traffic accident analysis, pedestrian and micro-mobility safety, delivery driver safety, freight transport safety, driver behavior, and road speed limits.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_Subhed_! <strong>IPO-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adia anchors Indian baby products retailer ahead of IPO: <\/strong>Abu Dhabi Investment Authority (Adia) invested USD 8 mn in Indian baby products retailer FirstCry ahead of its USD 501 mn IPO on the Bombay Stock Exchange, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/retail-consumer\/indias-baby-products-retailer-firstcry-draws-34-bln-bids-501-mln-ipo-2024-08-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. FirstCry raised a total of INR 18.86 bn (USD 224.5 mn) from institutional investors, and USD 3.36 bn total, with the IPO receiving bids for some 606.4 mn shares, approximately 12x the shares available, according to exchange data. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_Subhed_! <strong>MANUFACTURING<\/strong>-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FBB Tech to help ramp up Egypt\u2019s exports: <\/strong>UAE-based company FBB Tech and electrical appliances manufacturer Hisense Egypt will develop a USD 38 mn manufacturing project in Egypt\u2019s Suez Canal Economic Zone (SCZone), after inking a contract with Chinese industrial developer TEDA Egypt, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b4kkjzd-emirati-company-hisense-egypt-sign-contract\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The game plan: <\/strong>The project will have a production capacity of 2.5 mn units, with the first phase focused on televisions, audio recorders, and monitors. Some 70% of production will be exported to countries in Europe, North and East Africa, and the Middle East, while the remaining 30% will be allocated to the Egyptian market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">!_Subhed_! <strong>INS.-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Phinsys sets up shop in DIFC: <\/strong>Phinsys, a London-based company offering intelligent automation services for finance and accounting in the ins. sector, opened a new regional office in Dubai International Financial Centre (DIFC), according to a <a target=\"_blank\" href=\"https:\/\/www.difc.ae\/whats-on\/news\/phinsys-opens-new-regional-office-in-dubai-to-support-growing-demand-from-middle-eastern-insurance\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adani\/\">Adani<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/agthia\/\">Agthia<\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a 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               <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/the-great-unwinding\/\">\r\n                            The great unwinding: Global investors reverse three-quarters of the year\u2019s carry trade                        <\/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\/08\/09\/the-great-unwinding\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/791.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/791.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94687\" class=\"content-area-description single-story post-94687 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-carry-trade tag-enterpriseam-uae tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.b830d6f6-189f-439c-8a5f-e8bf58560d06.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Three-quarters of global carry trades have been reversed<\/strong>, wiping out most of their gains for the year, according to financial experts at JPMorgan, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-08\/jpmorgan-says-three-quarters-of-global-carry-trades-now-unwound?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Recent market shifts have eroded its gains by about 10% since May \u2014 a change that suggests that investors are pulling away from this strategy, which had been profitable since the end of 2022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Enterprise, what is a carry trade?<\/strong><span style=\"background-color: transparent;\"> Carry trade is a strategy where investors borrow money at low interest rates in one currency and invest it in another country in the local currency with higher interest rates. This can potentially yield high returns when market conditions are favorable.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So what\u2019s the problem? The global carry trade strategy is currently \u201cnot offering an attractive risk-reward,\u201d <\/strong>the investment bank said. When market conditions change unexpectedly, the potential rewards may not be enough to justify the risks, especially with global events such as the US elections potentially influencing markets further.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>With the instability of global markets, differences in interest rates have also become less reliable.<\/strong> For example, changes in monetary policy on the central bank level \u2014 such as unexpected interest rate changes made by the Federal Reserve and the Bank of Japan \u2014 influence global borrowing and lending conditions. Case in point: The historically popular JPY-USD carry trade lost its appeal to investors this week when BoJ\u2019s interest rate hike fueled an increase in the value of the JPY. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Is recovery on the cards?<\/strong> While there might be a small chance for recovery in the carry trade this month, the overall strategy is currently not as appealing as it has been until recently due to heightened risks, JP Morgan analysts concur.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This week\u2019s global unwinding can also be credited in a large part to investors and macro funds unwinding their positions in carry trades<\/strong>, with tech stocks likely suffering the brunt due to carry trade-funded positions in the asset class, analysts told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/global-markets-rout-positioning-analysis-pix-2024-08-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. <\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are rebounding early this morning after Wall Street notched its best day in <\/strong><strong>two years<\/strong>, with the Nikkei up 1.6%, the Topix and South Korea\u2019s Kospi each up 1.4%. Meanwhile, Wall Street futures opened lower, with S&amp;P 500 futures briefly down 0.3% ahead of dispatch time.<\/p>\n<p><a target=\"_blank\" id=\"t.40d2b0e86a745250a16c051877dc02c13060180a\" rel=\"noopener\"><\/a><a target=\"_blank\" id=\"t.0\" rel=\"noopener\"><\/a> <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,255<\/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: -3.4%)<\/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>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\">4,196<\/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% (YTD: +3.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3688<\/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: -4%)<\/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% 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\">4.6% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,667<\/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: -2.5%)<\/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>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">28,750.8<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +15.5%)<\/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>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,319<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.3% (YTD: +11.5%)<\/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>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\">8,145<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +5.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,669<\/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: +3.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 79.01<\/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\">+0.87%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.13<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.71%<\/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 2,463.3<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.27%<\/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 61,383.9<\/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: +39%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.1% yesterday<\/strong> on turnover of AED 1.27 bn. The index is down 3.4% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Bank of Sharjah (+9.4%), Fujairah Building Industries (+8.9%) and Q Holding (+4%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Burjeel Holdings (-6%), Al Yah Satellite Communications Company (-4%) and Phoenix Group (-3.6%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, rose 0.04% on turnover of 474.8 mn. Meanwhile Nasdaq Dubai rose 0.6%<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/carry-trade\/\">carry trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94689\" 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=\"94689\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">MY MORNING ROUTINE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/08\/09\/my-morning-routine-aka-leung-uae-country-manager-at-bitget\/\">\r\n                            My Morning Routine:  Aka Leung, UAE country manager at Bitget                        <\/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\/08\/09\/my-morning-routine-aka-leung-uae-country-manager-at-bitget\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Speaking to us this week is Aka Leung (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/aka-leung-879a33169\/?originalSubdomain=hk\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), the UAE country manager at <a target=\"_blank\" href=\"https:\/\/www.bitget.com\/\" style=\"\" rel=\"noopener\">Bitget<\/a><b>.<\/b><strong>&nbsp;Edited excerpts from our conversation:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">My name is Aka Leung. <\/strong><span style=\"background-color: transparent;\">I am the UAE Country Manager for Bitget. I am based in Hong Kong and my current role focuses on helping boost Bitget\u2019s market share in the MENA region. Four years ago, I was working in a traditional local marketing agency, but I saw a chance in cryptocurrency and [felt] that it would be an important industry in the near future.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I began my crypto career four years ago at Huobi Global, <\/strong>now known as <a target=\"_blank\" href=\"https:\/\/www.htx.com\/\" style=\"\" rel=\"noopener\">HTX<\/a>, where I worked on regional growth in Latin America and the Commonwealth of Independent States (CIS) regions. My role then involved increasing the company\u2019s market share by boosting sign-ups, first-time trades, daily active users, and trading volumes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I noticed NFTs gaining traction in 2022,<\/strong> with NFT platforms like Azuki and Bored Ape launching during that time. At that time I had spent around one year growing [HTX\u2019s] market share. So, I quit my job at Huobi Global and joined a local Hong Kong company focusing on the NFT marketplace, launching various NFT collections and our own launchpad. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I joined Bitget after the NFT heat cooled off, <\/strong>which happened quite fast. I have been at Bitget for around two years. I started as an operations manager, mainly focusing on the CIS and English-speaking regions, especially the UK, Canada, and Australia. I moved to the MENA region about one year ago and am now the UAE country manager, still working to grow our market share in the MENA region. We have achieved significant success, with our daily active users increasing almost tenfold.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I lead a regional team of around six people<\/strong> who help with operations, business development, marketing, social media, and VIP client management. Every morning, I review daily data to evaluate our performance, analyze trading volumes, and sign-up volumes through different channels. I also review transactions from key opinion leaders and approve business development agreements. I plan and manage various platform campaigns and marketing activities, such as launching token campaigns based on recent trends. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bitget aims to bridge the gap between traditional and crypto finance.<\/strong> Currently, only about 10% of the global population is familiar with cryptocurrency. Many people might have heard of it but are skeptical or unsure about investing. But with the increasing government awareness and supportive policies, like the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4ae97f82-12f4-491b-92b1-a25654989fa6\/good-news-for-stablecoin-investors\" style=\"\" rel=\"noopener\">UAE\u2019s AED stablecoin<\/a>, there\u2019s a good opportunity to expand the market and educate non-crypto users who are already interested. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As the country manager for the UAE, my responsibility is to help educate local users<\/strong>, many of whom may not be familiar with cryptocurrency. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AI is a major trend in the crypto sector right now. <\/strong>There is a growing focus on AI, with some tokens dedicated to AI development particularly popular right now. AI is an exciting topic, but we're still in the early stages.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Crypto investors are currently cautious because of market fluctuations<\/strong>, which are influenced by factors such as US government policies, internal factors in the UK, and changes in the value of currencies like the JPY.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>However, I believe more people will soon be joining the crypto space. <\/strong>In recent years, there have been crises with some centralized finance (CeFi) platforms and banks, which has led more people to explore decentralized finance (DeFi), especially as Web3 emphasizes DeFi. Unlike traditional systems which require human involvement, DeFi relies on blockchain technology, which enhances investor trust, but we still need time to build up the market and gain more confidence from traditional investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For the time being, I believe investors might need some time to settle<\/strong>, especially with the recent significant drops in both traditional finance and crypto markets. The recent global stock market crash has affected crypto exchanges, and now many investors are in a wait-and-see mode as the high fear index has indicated recently. Factors like the US elections have influenced both traditional and crypto markets and I think investors are still observing and waiting for the right [time] to invest.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the long run, though, I believe more investors will start investing in crypto. <\/strong>Despite the current disruptions in traditional markets, the crypto industry is growing. If you look at trading volumes and active users compared to a few years ago, there\u2019s a clear upward trend. Many people, including some of my friends, are still unfamiliar with crypto, which shows there\u2019s potential for further growth and awareness.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bitget is exploring getting licensed in MENA markets<\/strong>, but specifics about licensing are not available yet. The UAE is a particularly promising market. There are many high-wealth residents and the government's regulations are crypto-friendly. Many crypto exchanges are moving their offices to the UAE, which is another reason why we're bullish on the UAE crypto market. Other countries in the Middle East, like Egypt and Saudi Arabia, have large populations and significant potential. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We're currently working on localizing our products for different markets.<\/strong> There are many countries to consider, not just the UAE, and each requires a different strategy to effectively target and attract more local users. The UAE\u2019s strong appetite for cryptocurrencies is supported by the government\u2019s favorable regulations, such as the introduction of the AED stablecoin, enabling local users to purchase services and products locally using the stablecoin. I view this regulatory support as just the first step and see it [driving] more companies and investors to the local crypto market in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My morning starts with a cup of coffee.<\/strong> I normally wake up at 9am and work until around midnight Hong Kong time because of the different time zones between me and my teammates. I work over 10 hours a day, coordinating with my team, managing various aspects of our operations, including responding to media inquiries and coordinating campaigns and online and offline marketing events. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For my next career goal, I'd like to lead more markets for Bitget other than MENA.<\/strong> This could include English-speaking regions or exploring potential markets in the Asia-Pacific area. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I love going for a drive with no destination in mind when I need to relax after a busy day and on weekends. <\/strong>It helps me clear my head and shake off any stress. On weekends, I like to treat myself by shopping for things like nice watches or Japanese Gundam figures. Other than work, the constants I rely on are coffee and driving to stay focused and motivated. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The best advice I\u2019ve received was from my family: never give up on what you\u2019re doing and believe in yourself.<\/strong> Confidence from within in your own abilities helps you overcome any challenges you face in both your personal and professional life.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"94691\" 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\/08\/09\/94691-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-94691\" class=\"content-area-description single-story post-94691 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\">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;\">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>5 September (Thursday): Deadline to apply for Dubai Future Academy\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaifuture.ae\/feel\" style=\"\">FEEL: A Disruptive Futures Program<\/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>15-19 September (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.lobster-event.com\/en\/event-details\/loop-cee-cis-2024\" style=\"\">Loop Beyond Borders<\/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 October (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.etihadarena.ae\/en\/event-booking\/ufc-308\" style=\"\">UFC 308: TOPURIA vs HOLLOWAY<\/a><\/span><span style=\"font-weight:400;\">, 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>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>19-20 November (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaifuture.ae\/dubai-future-forum-2024\" style=\"\">Dubai Future Forum<\/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>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=\"font-weight:400;\">, 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> 11-13 December (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/euroarabmed.com\/\" style=\"\">European-Arab Medical 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 style=\"font-weight:700\">Signposted to happen sometime in December: <\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">UAE-China Summit, 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;\">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 style=\"font-weight:400;\">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 2026:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">The UAE to host the Arab Competition Forum<\/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 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\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>Spinneys, Etihad, Emaar, and more report earnings | Wynn earmarks more Marjan land for development | Flying taxis next year?<\/p>\n","protected":false},"featured_media":94670,"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-94669","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f9edbffd-5c1c-4b87-a5b7-b875a689186b","teaser":"Spinneys, Etihad, Emaar, and more report earnings | Wynn earmarks more Marjan land for development | Flying taxis next year?","photo_url":"https:\/\/ent.news\/2024\/4\/1246.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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