{"id":95531,"date":"2024-09-06T00:00:00","date_gmt":"2024-09-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=95531"},"modified":"2025-12-15T01:22:06","modified_gmt":"2025-12-15T01:22:06","slug":"business-leaders-see-good-year-ahead-for-uae-wider-gcc","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/business-leaders-see-good-year-ahead-for-uae-wider-gcc\/","title":{"rendered":"Business leaders see good year ahead for UAE, wider GCC"},"content":{"rendered":"<section id=\"95533\" 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=\"95533\">\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\/09\/06\/nmdc-energy-closes-aed-3-2-bn-ipo-with-31x-oversubscription-rate-shares-start-trading-11-september\/\">\r\n                            THIS MORNING: NMDC Energy closes AED 3.2 bn IPO with 31x oversubscription rate; shares start trading 11 September                        <\/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\/09\/06\/nmdc-energy-closes-aed-3-2-bn-ipo-with-31x-oversubscription-rate-shares-start-trading-11-september\/\" 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\/09\/06\/nmdc-energy-closes-aed-3-2-bn-ipo-with-31x-oversubscription-rate-shares-start-trading-11-september\/')\">\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\/09\/06\/nmdc-energy-closes-aed-3-2-bn-ipo-with-31x-oversubscription-rate-shares-start-trading-11-september\/\">\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=NMDC Energy closes AED 3.2 bn IPO with 31x oversubscription rate; 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Our fellow early-middle-aged folks \u2014 angling to preserve family time, fight the battle of the bulge, and grow businesses \u2014 will enjoy today\u2019s My Morning Routine column, which features <strong>Issa Aghabi<\/strong>, managing partner and co-founder of Access Bridge Ventures. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DRIVING THE CONVERSATION THIS MORNING- <\/strong>It\u2019s the most anticipated \u201cJobs Friday\u201d in the US of A in recent memory. Investors and economists alike will be scrutinizing the report, which will set the tone for the 17-18 September meeting of the Federal Reserve (will it cut a quarter point? 50 bps?) and shed new light on the outlook for the world\u2019s largest economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The big question: <\/strong>Was the July uptick in the unemployment rate a one-off, or the start of a trend? Expect the talking heads to be out with plenty of opinions in the days ahead. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- NMDC Energy closes AED 3.22 bn IPO: <\/strong>The National Marine Dredging Company (NMDC) raised AED 3.22 bn from the Abu Dhabi Exchange IPO of NMDC Energy after receiving over AED 88 bn in orders from investors at the close of the offering period, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b518or7-nmdc-energy-ipo-closes-313-times-oversubscribed\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The order book was 31x oversubscribed (excluding cornerstone investors).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shares of NMDC Energy will start trading on the ADX on Wednesday, 11 September<\/strong>, under the ticker NMDCENR.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>NMDC is listing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ca6baeb7-98f6-4b31-a5fd-64b4830af625\/nmdc-to-list-23%2525-of-epc-unit-on-the-adx-in-aed-3.22-bn-ipo\" style=\"\" rel=\"noopener\">23% stake<\/a> in the engineering, procurement, and construction unit on ADX. Offer shares were priced at AED 2.80 a piece. NMDC\u2019s board <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/61b586f1-0cbf-43d3-9955-1cd6fe63a9d2\/uae-to-attend-development-road-summit-later-this-week-%2B%253cmark%253e-nmdc%253c%2Fmark%253e-greenlights-epc-unit-ipo\" style=\"\" rel=\"noopener\">approved<\/a> the IPO last month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>FAB acted as lead receiving bank and lead manager for the IPO. ADCB, WIO Bank, and Al Maryah Community Bank served as other receiving banks. International Securities acted as the placement agent and listing advisor. Hadef & Partners were the legal advisors.\\<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>#2- Apollo Global Management co-founder Leon Black is setting up a branch of his family <\/strong><strong>office in ADGM. <\/strong>Asad Hussaini will lead the office, called Scimitar. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For the record: <\/strong>\u201cI\u2019ve been coming here for more than 30 years and the growth and prosperity that has occurred under Abu Dhabi\u2019s visionary leadership is truly remarkable. My family office wants to be a part of that transformation,\u201d Black told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-05\/leon-black-joins-dalio-setting-up-abu-dhabi-family-office-branch\" style=\"\" rel=\"noopener\">Bloomberg<\/a> in a written statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#3- The profitability of GCC banks looks set to stay strong this year<\/strong> thanks to \u201cincreasing lending volumes, higher fee income, stable margins, and strong cost efficiency,\u201d according to an <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/ratings\/en\/research\/articles\/240904-your-three-minutes-in-banking-gcc-banks-are-well-positioned-to-continue-their-strong-run-13238268\" style=\"\" rel=\"noopener\">S&P Global report<\/a>. The ratings agency forecasts the US Federal Reserve will cut interest rates by 150 bps between September 2024 and the end of 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How 1H 2024 went: <\/strong>GCC banks\u2019 net income margins remained stable at 2.7% in 1H, driven by prolonged higher interest rates, while return on assets increased to 1.74% from 1.65% at the end of 2023. Non-oil sectors in the UAE and Saudi Arabia drove 10.4% annualized lending growth for the top 45 GCC banks during the period, up from 6.7% in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#4- Mubadala-backed data center developer Yondr is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-05\/data-center-firm-yondr-seeks-private-loan-for-malaysia-expansion\" style=\"\" rel=\"noopener\">reportedly<\/a><\/strong><strong> in the market for some <\/strong><strong>USD 500 mn in debt <\/strong>to back a project based in Malaysia. Yondr <a target=\"_blank\" href=\"https:\/\/www.yondrgroup.com\/newsroom\/press-release\/yondr-secures-up-to-150m-of-financing-for-malaysia-site\/\" style=\"\" rel=\"noopener\">raised USD 150 mn in May<\/a> from the International Finance Corporation for a hyperscale facility in Johor, Malaysia. It\u2019s not clear whether the new funds it is raising are for the same facility or another. Malaysia is emerging as an important base for data centers in Southeast Asia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- Mubadala said last month it had invested in London-based Yondr<\/strong>, coming in alongside US-based Apollo Management, we <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ba3e3d57-0ed5-445e-940b-32ad2b159821\/\" style=\"\" rel=\"noopener\">noted<\/a> in August. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#5- India\u2019s quasi-sovereign National Investment and Infrastructure Fund is looking to <\/strong><strong>raise USD 4 bn<\/strong> as part of a drive to invest in infrastructure nationwide, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-05\/adia-backed-india-fund-to-seek-4-billion-for-infrastructure\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Helmed by a new CEO, the fund counts the Abu Dhabi Investment Authority among its LPs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other NIIF limited partners include <\/strong>Singapore\u2019s Temasek Holdings, AustralianSuper, and Indian banks HDFC, ICICI, and Axis. NIIF expects to secure additional co-investments from its backers, one of the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adia and NIIF go way back:<\/strong> The Abu Dhabi sovereign wealth fund made the first investment in NIIF in <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/443.pdf\" style=\"\" rel=\"noopener\">2017 (pdf)<\/a> with a USD 1 bn commitment, becoming the first institutional investor in its master fund and a shareholder in NIIF\u2019s investment management arm. In 2019, Adia and NIIF jointly acquired a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/444.pdf\" style=\"\" rel=\"noopener\">49% stake (pdf)<\/a> in the airport division of Indian conglomerate GVK Power & Infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#6- Abu Dhabi will update its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/gis.adm.gov.ae\/rentalindex\/\" style=\"\" rel=\"noopener\">rental index<\/a><\/strong><strong> quarterly<\/strong>, with plans to offer rental values for individual buildings to \u201c[give] more accurate readings into the rental index,\u201d Rashed Al Omaira, acting director general of the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/abu-dhabi-real-estate-centre\/\" style=\"\" rel=\"noopener\">Abu Dhabi Real Estate Centre<\/a> (Adrec) told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/property\/2024\/09\/05\/abu-dhabi-rental-index\/\" style=\"\" rel=\"noopener\">The National<\/a>. The individual rental values will be offered for major landmark residential buildings in the emirate, but the timeline for the initiative has not been disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> Adrec rolled out its rental index <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e43dc2da-d263-4e1c-ba7e-51ff13ceba23\" style=\"\" rel=\"noopener\">last month<\/a>, providing indicative quarterly rental pricing and data on residential, commercial, and industrial properties in the emirate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a muted news morning on the global business front: <\/strong>Egypt\u2019s central bank <a target=\"_blank\" href=\"https:\/\/www.cbe.org.eg\/en\/news-publications\/news\/2024\/09\/05\/12\/26\/mpc-press-release-5-september-2024\" style=\"\" rel=\"noopener\">left interest<\/a><a target=\"_blank\" href=\"https:\/\/www.cbe.org.eg\/en\/news-publications\/news\/2024\/09\/05\/12\/26\/mpc-press-release-5-september-2024\" style=\"\" rel=\"noopener\">rates unchanged<\/a>. Donald Trump has said that if elected, he\u2019ll <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f9f6b40c-7f00-49aa-883e-b82df6d76267\" style=\"\" rel=\"noopener\">appoint Elon Musk<\/a> to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-adopt-musks-proposal-government-efficiency-commission-wsj-reports-2024-09-05\/\" style=\"\" rel=\"noopener\">run a government efficiency commission<\/a>. The FT thinks investors need to be aware there are <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c074dde0-7510-44c0-a178-8ca80254dfb1\" style=\"\" rel=\"noopener\">signs of a US recession in the cards<\/a>. And surprising exactly nobody, Benjamin Netanyahu says <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-05\/israel-s-netanyahu-says-cease-fire-deal-with-hamas-isn-t-close\" style=\"\" rel=\"noopener\">Israel and Hamas are nowhere near<\/a> a ceasefire.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In markets: <\/strong>The Dow was down 200 points yesterday and the S&P 500 posted its third day of losses in a row as investors worry about US growth prospects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Next week is looking interesting: <\/strong><\/p>\n<ul>\n<li><strong>Apple will unveil new iPhones<\/strong> and is expected to <a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2024\/9\/4\/24232248\/apple-event-september-iphone-16-date-time-live-stream-watch-how-to-rumors\" style=\"\" rel=\"noopener\">introduce new watches and AirPods<\/a> on Monday.<\/li>\n<li><strong>Kamala Harris and Donald Trump will <\/strong><strong><a target=\"_blank\" href=\"https:\/\/abcnews.go.com\/US\/abc-news-releases-rules-sept-10-debate-harris\/story?id=113019909\" style=\"\" rel=\"noopener\">debate<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/abcnews.go.com\/US\/abc-news-releases-rules-sept-10-debate-harris\/story?id=113019909\" style=\"\" rel=\"noopener\">on Tuesday<\/a> ;<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And it\u2019s a big weekend for tennis fans: <\/strong>The US Open women\u2019s tennis final is tomorrow and the men\u2019s final takes place on Sunday, both in New York. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKET WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>Opec+ hits the brakes on oil production hike: <\/strong>OPEC+ has agreed to suspend its planned 180k bpd output hike for October and November, according to a <a target=\"_blank\" href=\"https:\/\/www.opec.org\/opec_web\/en\/press_room\/7369.htm\" style=\"\" rel=\"noopener\">statement<\/a>. The move comes after prices <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-04\/opec-discusses-possible-delay-to-oil-output-hike-delegates-say?srnd=homepage-middle-east&embedded-checkout=true\" style=\"\" rel=\"noopener\">fell<\/a> to their lowest level in a year. While the group still intends to move forward with its plan to revive 2.2 mn bpd of idle supply over the year, the timeline for the process is now set to be complete by December 2025, two months later than originally planned. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> PUBLIC SERVICE ANNOUNCEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADIO, DMT launch Musataha community markets tender: <\/strong>The Abu Dhabi Investment Office and the Department of Municipalities and Transport Department have issued a request for proposals for the development of community markets in seven areas, including Al Sader, Al Adlah, Al Qattarah, Al Marfa, Al Sila, Madinat Zayed, and Ghayathi, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b50n8wy-abu-dhabi-investment-office-department\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The deadline for bids is 17 October.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Projects include the design, construction, and maintenance of community market facilities including retail spaces, pharmacies, supermarkets, and restaurants. The tender is open for Emirati-owned businesses registered with the Abu Dhabi Department of Economic Development, with the RFP document <a target=\"_blank\" href=\"https:\/\/www.investinabudhabi.ae\/\" style=\"\" rel=\"noopener\">available on the ADIO website<\/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\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p 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                 <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=\"95536\" 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=\"95536\">\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\">BUSINESS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/06\/business-leaders-see-a-strong-year-ahead-for-uae-wider-gcc\/\">\r\n                            Business leaders see a strong year ahead for UAE + wider GCC      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data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"563.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/563.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/563.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95536\" class=\"content-area-description single-story post-95536 post type-post status-publish format-standard has-post-thumbnail hentry category-business tag-ai tag-business tag-economy tag-enterpriseam-uae tag-gulf-cooperation-council-gcc tag-qatar tag-technology 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\/9\/.26b84c56-975c-4d18-935d-da914b9ff74f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Executives and decision makers expect to see strong economic <\/strong><strong>performance across the <\/strong><strong>GCC this year, despite signs of macroeconomic headwinds<\/strong>, according to the results of a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/325.pdf\" style=\"\" rel=\"noopener\">survey by comms outfit Teneo (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE respondents were the second most optimistic about the region\u2019s economic <\/strong><strong>performance in 2024<\/strong>, with 74% expressing positive sentiment. Saudi respondents were the most bullish of the lot, with 82% confident about regional growth. Folks in Kuwait, Oman, Bahrain, and Qatar were more bearish in their outlook \u2014 albeit still mostly positive \u2014 with 53-57% of those surveyed saying they see improved economic performance this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil prices + economic diversification to thank:<\/strong> The results of the survey are broadly more positive than in the firm\u2019s 2024 CEO and Investor Outlook Survey, which reported less than half (47%) of CEOs as having a positive outlook on global macro conditions. \u201cThis more positive outlook can arguably be attributed to a resilient set of regional economic drivers, such as continuously high oil and gas prices combined with further economic diversification efforts central to the GCC\u2019s broader and country-specific strategies,\u201d its authors say.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- The UAE, Saudi, and Bahrain are expected to see GDP growth:<\/strong> Economists see that the UAE will lead the region with a 3.7% growth clip, followed by Bahrain at 2.6%, according to a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/6e7a9190-2f11-4f61-a970-122be8975b9b\/saudi%253cmark%253e-gdp%253c%2Fmark%253e-growth-to-fall-behind-peers-in-the-gcc,-poll-suggests\" style=\"\" rel=\"noopener\">Reuters poll<\/a>. Meanwhile, Saudi Arabia is expected to lag behind its GCC peers at a conservative 1.3%. Meanwhile, Kuwait \u201cfaces significant financial challenges\u201d and is expected to record a USD 19.1 bn fiscal deficit in FY 2024-25, while Oman\u2019s diversification plans are more conservative than its larger Gulf peers, reads the report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Attracting and retaining investments are part and parcel of economic growth<\/strong>, with 88% of respondents saying that potential investments will have a long-term positive impact. Some 45% of Emirati respondents \u2014 and 53% from the region at large \u2014 feel that it is more important to adopt sustainable practices to attract international investments. Another 45% cite the adoption of investor-friendly tax policies as a priority. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Most respondents expect the GCC will become a \u201cglobal business and financial <\/strong><strong>epicenter\u201d within the coming 25 years<\/strong>, with 35% touting the Emirates as a forthcoming global business and finance center, and 39% predicting that the UAE will position itself as a model for sustainable development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCC policymakers are increasingly looking to tech and AI to drive regional growth: <\/strong>64% of respondents feel that fully transitioning into the technological age will benefit the GCC in the next 25 years, but not without regulation. Some 82% feel that tech and AI regulations will positively impact operations in the Gulf. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cybersecurity is at the top of the list of challenges facing GCC economies<\/strong>, with 25% of respondents placing it as the most difficult challenge facing growth plans in the region, and 23% of respondents feeling that their entities are not equipped to meet these challenges. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zooming into the UAE:<\/strong> 54% of Emirati respondents expressed confidence in UAE entities\u2019 preparedness to weather geopolitical tensions, while 38% saw that their firms were somewhat prepared. Meanwhile, only 8% thought their entities were not prepared.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Respondents are on the fence when it comes to talent acquisition<\/strong>, with 32% of Emirati respondents believing that their entities are equipped to attract top talent domestically. Meanwhile, 50% feel somewhat prepared for talent acquisition and the remaining 19% expressing unpreparedness in this area. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Survey methodology: <\/strong>Teneo surveyed 480 individuals it labels as decision makers, 55% of whom are in the private sector and 45% in the public sector. It says respondents included CEOs, senior VPs, board chairmen, and other senior and C-suite executives working at companies with sizes ranging between 100 and over 5k employees. The majority lead companies with 500-1k employees. <\/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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/business\/\">business<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gulf-cooperation-council-gcc\/\">Gulf Cooperation Council (GCC)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/qatar\/\">Qatar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/technology\/\">TECHNOLOGY<\/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=\"95538\" 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=\"95538\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/06\/masdar-and-adnoc-are-feeling-acquisitive\/\">\r\n                            Masdar to purchase EUR 1.5 bn stake in Spanish Saeta Yield while Adnoc circles Shell\u2019s downstream assets in South Africa                        <\/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\/09\/06\/masdar-and-adnoc-are-feeling-acquisitive\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The transaction could be valued at over EUR 1.5 bn (USD 1.66 bn), it quotes sources as saying. It did not provide further details.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>State-owned renewables giant Masdar was set to submit a final bid to acquire Brookfield\u2019s Saeta Yield <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/130f8f05-5843-45ef-827e-9e41cbf5d248\/we%25e2%2580%2599re-paying-less-at-the-pump-this-month,-again\" style=\"\" rel=\"noopener\">earlier in July<\/a>. Saeta Yield, which Brookfield <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/brookfield-hires-advisors-sell-assets-saeta-worth-16-bln-sources-2023-12-18\/\" style=\"\" rel=\"noopener\">acquired from ACS for EUR 1 bn<\/a> in 2018, owns a portfolio of 28 wind farms, 10 photovoltaic parks, and seven solar thermal plants across Spain and Portugal with a total capacity of 1.2 GW. The acquisition will include the entire renewables portfolio, excluding its solar thermal plants. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a deeper push into Europe: <\/strong>In July, Masdar <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8baff20d-d765-4c8a-9855-611ccdb67ceb\" style=\"\" rel=\"noopener\">lined up a transaction<\/a> that would see it acquire a 50% stake in Spanish power firm Endesa\u2019s solar power installations subsidiary EPGE Solar for AED 3.3 bn. The acquisition will make Masdar a partner in 2.5 GW of renewable energy assets in Spain. The company is <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\" style=\"\" rel=\"noopener\">looking at acquisitions<\/a> of both minority and controlling stakes in Europe's green energy sector, with the continent set to be a crucial part of its plan to reach its 100 GW target capacity by 2030, CFO Mazin Khan told Reuters in July.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Brookfield, which started <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/brookfield-hires-advisors-sell-assets-saeta-worth-16-bln-sources-2023-12-18\/\" style=\"\" rel=\"noopener\">the sale process<\/a> last December, had tapped Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group and Santander Bank to advise on the transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Adnoc looking at Shell\u2019s distribution network in South Africa?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Adnoc is vying for Shell\u2019s downstream assets in South Africa<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-09-05\/aramco-trafigura-said-to-compete-for-shell-south-africa-assets\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it says are familiar with the matter. Shell is looking to raise some USD 1 bn from the sale and could make a decision by year-end, though the process may extend into 2025, according to sources. A shortlist of bidders is expected to be out soon, with binding offers anticipated by December.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first time we\u2019ve heard this: <\/strong>A <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ec1cba19-79b6-4f5f-af65-82bdc46abb56\/adnoc-mulls-bid-for-shell%25e2%2580%2599s-downstream-assets-in%253cmark%253e-south-africa%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">report<\/a> in May suggested the Emirati oil giant was mulling the acquisition, which was then valued at USD 800 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A head-to-head race with Aramco? <\/strong>Saudi oil giant Aramco is reportedly interested in bidding. Aramco has been particularly acquisitive in the distribution end of the industry lately, making acquisitions in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/1fc623a9-e8b6-40c2-9300-df1fdc157851\/\" style=\"\" rel=\"noopener\">Pakistan<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a98144c8-7b43-48fc-b6b9-945284fe8123\/\" style=\"\" rel=\"noopener\">Chile<\/a> this year and signaling that it\u2019s looking for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/70b4a4f7-d125-4fa9-99e0-bbc7a85d12e5\/\" style=\"\" rel=\"noopener\">more exposure to similar assets in Africa and Southeast Asia<\/a>, EnterpriseAM Saudi has previously noted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other bidders? <\/strong>Global commodities trader Trafigura could be interested. Long-shot players could also be interested, including Omani energy firm OQ, South Africa\u2019s Central Energy Fund, and South Africa\u2019s chemicals and energy player Sasol, according to Bloomberg.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- Shell <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/shell-exit-south-africas-downstream-businesses-2024-05-06\/\" style=\"\" rel=\"noopener\">confirmed in May<\/a><\/strong><strong> that it\u2019s looking to sell its South Africa <\/strong><strong>downstream assets<\/strong>, which include its aviation, marine, construction and road, trading and supply, commercial fuels, and lubricant operations. Shell owns a network of 600 stations across the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Shell is reported to have tapped Rothschild to work on the sale. <\/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\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/saeta-yield\/\">Saeta Yield<\/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=\"95540 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=\"95540\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/06\/95540-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95540\" class=\"content-area-description single-story post-95540 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=\"95541\" 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=\"95541\">\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\">Banking<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/06\/credit-demand-rose-in-2q-2024-cbuae-says\/\">\r\n                            Credit demand rose in 2Q 2024 -CBUAE                        <\/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\/09\/06\/credit-demand-rose-in-2q-2024-cbuae-says\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The results \u2014 based on responses from 295 senior credit officers at licensed financial institutions in Abu Dhabi, Dubai and the northern emirates \u2014 signal sustained growth in credit activity across all segments and sectors, with large firms and government-related entities (GREs) leading the way. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the growth:<\/strong> Key demand drivers included improving economic conditions, working capital needs, and increased government spending, according to the central bank. While high interest rates continue to \u201cweigh on demand,\u201d their impact has notably fallen compared to earlier periods.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Business loan demand saw an increase in 2Q<\/strong>, with 53.8% of respondents reporting a growth in demand, while only 4.4% saw a dip. While northern emirates showed the strongest growth, demand remained solid across the nation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Industry-wide, demand surged above long-term averages. <\/strong>GREs and large firms were behind the jump, with the construction sector posting the highest growth, followed by manufacturing, property development, and retail firms <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead<\/strong>, business credit demand is expected to maintain its upward momentum over the next three months, particularly from SMEs, large companies, and GREs. The CBUAE sees credit appetite remaining strong across these sectors in 3Q 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Personal loan demand jumped in 2Q 2024,<\/strong> with northern emirates once again leading the growth. However, despite recorded growth, 2Q net personal credit figures were lower than comparable figures for 1Q. Improved economic conditions and rising incomes are expected to drive future demand, especially for housing, personal, and car facilities as well as credit cards. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lenders rejected more personal loan applications this quarter. <\/strong>This increase came on the back of a rise in rejected car loans offsetting a decline in rejections for housing loans and credit card applications. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Financial ramped up lending in 2Q<\/strong>, fueled by the UAE\u2019s positive economic outlook, solid \u201cquality of banks\u2019 asset portfolios, and competition from other banks and financial institutions,\u201d the CBUAE said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The cost of funds and changes in risk tolerance <\/strong>saw some respondents saying their institutions had bumped up pricing on credit facilities to reflect what some saw as higher risk.<\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/central-bank-of-the-uae\/\">Central Bank of the UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95543\" 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=\"95543\">\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\/09\/06\/al-tamimi-and-company-honors-emirati-female-staff\/\">\r\n                            Al Tamimi and Company honors Emirati female staff                        <\/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\/09\/06\/al-tamimi-and-company-honors-emirati-female-staff\/\" 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\/09\/06\/al-tamimi-and-company-honors-emirati-female-staff\/')\">\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\/09\/06\/al-tamimi-and-company-honors-emirati-female-staff\/\">\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=Al Tamimi and Company honors Emirati female staff&url=https:\/\/enterpriseam.com\/uae\/2024\/09\/06\/al-tamimi-and-company-honors-emirati-female-staff\/\">\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\/09\/06\/al-tamimi-and-company-honors-emirati-female-staff\/&title=Al Tamimi and Company honors Emirati female staff\">\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=Al+Tamimi+and+Company+honors+Emirati+female+staff+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F09%2F06%2Fal-tamimi-and-company-honors-emirati-female-staff%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\/09\/06\/al-tamimi-and-company-honors-emirati-female-staff\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/433.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95544\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/06\/al-tamimi-and-company-honors-emirati-female-staff\/433-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/433.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"433.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/433.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/433.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95543\" class=\"content-area-description single-story post-95543 post type-post status-publish format-standard has-post-thumbnail hentry category-kudos tag-al-tamimi-and-company tag-enterpriseam-uae tag-kudos 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\/9\/.41b13bb8-570b-4e99-8c6f-8602f74b3b39.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Tamimi and Company marked Emirati Women\u2019s Day with a lunch recognizing the <\/strong><strong>contributions of the Emirati women within the company<\/strong>, according to a company <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/409.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> shared with Enterprise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The firm is gearing up to launch an Emiratization Graduate Programme by the end of the year, aimed at developing Emirati talent. Al Tamimi has also made progress on its broader Emiratization goals, hiring several Emiratis for key management roles over the past year<strong>. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Established in 1989 by Essam Al Tamimi<\/strong>, the commercial law firm has 17 offices in 10 countries, employing more than 450 legal professionals. <\/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\/al-tamimi-and-company\/\">Al Tamimi and Company<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95545\" 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=\"95545\">\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\/09\/06\/jp-morgan-sets-up-dubai-private-banking-team\/\">\r\n                            JP Morgan sets up Dubai private banking team                        <\/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\/09\/06\/jp-morgan-sets-up-dubai-private-banking-team\/\" 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\/09\/06\/jp-morgan-sets-up-dubai-private-banking-team\/')\">\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\/09\/06\/jp-morgan-sets-up-dubai-private-banking-team\/\">\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=JP Morgan sets up Dubai private banking team&url=https:\/\/enterpriseam.com\/uae\/2024\/09\/06\/jp-morgan-sets-up-dubai-private-banking-team\/\">\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\/09\/06\/jp-morgan-sets-up-dubai-private-banking-team\/&title=JP Morgan sets up Dubai private banking team\">\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=JP+Morgan+sets+up+Dubai+private+banking+team+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F09%2F06%2Fjp-morgan-sets-up-dubai-private-banking-team%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\/09\/06\/jp-morgan-sets-up-dubai-private-banking-team\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1181.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95546\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/06\/jp-morgan-sets-up-dubai-private-banking-team\/1181-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1181.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1181.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1181.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1181.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95545\" class=\"content-area-description single-story post-95545 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-bildco tag-enterpriseam-uae tag-jp-morgan tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.feb06b08-bfdf-4c5c-89b9-77c2582ac0ca.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- JP Morgan is setting up a private banking team in Dubai<\/strong>, aiming to cater to the Gulf region\u2019s expanding pool of affluent individuals, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/jpm-sets-up-dubai-private-banking-team-serve-wealthy-influx-2024-09-04\/#:~:text=DUBAI%2C%20Sept%204%20(Reuters),people%20moving%20to%20the%20Gulf.\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a statement from the bank. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s in? Sebastian Botana de Beauvau<\/strong> (<a target=\"_blank\" href=\"https:\/\/ch.linkedin.com\/in\/sebastian-botana-de-beauvau-54034286\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) is coming over from the Geneva office and <strong>Carol Mushriqui<\/strong> (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/carol-mushriqui-96209342_life-and-legacy-jp-morgan-private-bank-activity-6986743932353142784-L-jS\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) is joining from London. Together, they\u2019ll lead the lender\u2019s Dubai team, offering wealth management services to individuals, family offices, charities, and family foundations across the region, with plans to expand the team further in the coming years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Abu Dhabi National Company for Building Materials (Bildco)<\/strong> appointed <strong>Abdullah<\/strong> <strong>Al Falasi<\/strong> as <strong>vice CEO<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/428.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The appointment coincides with the resignation of the firm\u2019s CEO Salah Junaibi (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/salah-al-junaibi-0833451a1\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Dubai Crown Prince and Deputy Prime Minister Sheikh Hamdan bin <\/strong><strong>Mohammed Al <\/strong><strong>Maktoum made number of senior appointments <\/strong>across several Dubai government entities, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b518ox5-hamdan-bin-mohammed-appoints-new-ceos-for-dubai\" style=\"\" rel=\"noopener\">Wam<\/a> reports:<\/p>\n<ul>\n<li><strong>Issam Abdulrahim Kazim <\/strong>(<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/issam-kazim-5802ba21\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) was named<strong> CEO of Dubai Corporation for Tourism and Commerce Marketing<\/strong>;<\/li>\n<li><strong>Mohammed Abdullah Shael AlSaadi <\/strong>(<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/mohammed-shael-alsaadi-a9a7a31b\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) was appointed as <strong>CEO of Dubai Corporation for Consumer Protection and Fair Trade<\/strong>;<\/li>\n<li><strong>Essa bin Hadher<\/strong> (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/essa-bin-hadher\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) was named <strong>CEO of the economic strategy sector<\/strong> at <a target=\"_blank\" href=\"https:\/\/www.dubaidet.gov.ae\/en\/\" style=\"\" rel=\"noopener\">Dubai Department<\/a><a target=\"_blank\" href=\"https:\/\/www.dubaidet.gov.ae\/en\/\" style=\"\" rel=\"noopener\">of<\/a><a target=\"_blank\" href=\"https:\/\/www.dubaidet.gov.ae\/en\/\" style=\"\" rel=\"noopener\">Economy<\/a><a target=\"_blank\" href=\"https:\/\/www.dubaidet.gov.ae\/en\/\" style=\"\" rel=\"noopener\">and<\/a><a target=\"_blank\" href=\"https:\/\/www.dubaidet.gov.ae\/en\/\" style=\"\" rel=\"noopener\">Tourism<\/a> ;<\/li>\n<li><strong>Sahia Sajjad Ahmed <\/strong>(<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/sahiaahmad\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) was named <strong>CEO of regulatory policy and governance<\/strong> at Dubai Department of Economy and Tourism;<\/li>\n<li><strong>Saad Mohammed Al Awadhi <\/strong>was appointed as <strong>CEO<\/strong> of corporate support services at Dubai Department of Economy and Tourism;<\/li>\n<li><strong>Khaled Hassan Mohammed Mubasheri<\/strong> was named CEO of the legislation and disputes sector at Dubai Department of Economy and Tourism;<\/li>\n<li><strong>Yousuf Ahmed Lootah <\/strong>(<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/yousuflootah\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) was appointed as <strong>CEO of strategy and corporate performance<\/strong> at Dubai Department of Economy and Tourism.<\/li>\n<\/ul>\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\/bildco\/\">Bildco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/jp-morgan\/\">JP Morgan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95547\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div 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<div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/06\/rating-updates-for-fab-emirates-nbd-and-adib\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/179.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"95548\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/06\/rating-updates-for-fab-emirates-nbd-and-adib\/179-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/179.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"179.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/179.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/179.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95547\" class=\"content-area-description single-story post-95547 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-adib tag-aldar tag-also-on-our-radar tag-aviation tag-banking tag-defense tag-edge tag-emirates-nbd tag-enterpriseam-uae tag-healthcare tag-infrastructure tag-logistics tag-real-estate tag-sustainability tag-tech tag-tourism 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\/9\/.ea3f76b3-125e-4326-8678-92a14c5a95a4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- Fitch affirms FAB\u2019s AA rating: <\/strong>Fitch Ratings affirmed First Abu Dhabi Bank (FAB)\u2019s long-term issuer default rating (IDR) at AA- with a stable outlook, and its viability rating (VR) at \u201ca-\u201d, according to a <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/non-bank-financial-institutions\/fitch-affirms-first-abu-dhabi-bank-at-aa-outlook-stable-04-09-2024\" style=\"\" rel=\"noopener\">statement<\/a> from the credit rating agency. FAB's IDR is supported by the potential backing from both UAE (AA-\/Stable) and Abu Dhabi (AA\/Stable) authorities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Fitch also affirmed Emirates NBD Bank\u2019s IDR at A+ with a stable outlook and raised <\/strong><strong>its <\/strong><strong>VR to bbb from bbb-<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/banks\/fitch-affirms-emirates-nbd-at-a-stable-upgrades-vr-to-bbb-04-09-2024\" style=\"\" rel=\"noopener\">statement<\/a>. The VR upgrade \"decreased concentration to the Dubai government in recent years\". It also highlights improved asset quality, solid profitability boosted by high interest rates, and the bank\u2019s strong funding and capital position.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.msci.com\/\" style=\"\" rel=\"noopener\">MSCI<\/a><\/strong><strong> upgraded Abu Dhabi Islamic Bank\u2019s environmental, social, and governance <\/strong><strong>(ESG) rating to AA from A previously<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/id\/article\/b4zgdy3-adib-achieves-esg-rating-upgrade-from-msci\" style=\"\" rel=\"noopener\">Wam<\/a> reports. This move puts ADIB in MSCI\u2019s Leadership category\u2014the only bank in the region to make the cut. The upgrade is thanks to ADIB\u2019s strides in disclosing sector-specific credit policies, establishing ESG risk escalation procedures, and sharper ESG due diligence.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/emirates-nuclear-energy-corporation_barakahforthenation-activity-7177184248456437760-GH8L?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">Emirates Nuclear Energy Corporation<\/a><\/strong><strong> kicked off commercial operations at the 1.4 <\/strong><strong>GW fourth reactor of the Barakah Nuclear Energy Plant<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.enec.gov.ae\/news\/latest-news\/uae-celebrates-historic-milestone-as-unit-4-of-the-barakah-plant-commences-commercial-operation\/\" style=\"\" rel=\"noopener\">statement<\/a>. The plant is expected to offset approximately 22.4 mn tonnes of emissions annually and generate 40 TWh of electricity, the equivalent of about 25% of the UAE\u2019s total electricity needs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- The government is reportedly mulling a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d0e7308f-97c3-4c66-b1e4-2433c4d69091\/another-nuclear-plant%3F\" style=\"\" rel=\"noopener\">second nuclear power plant<\/a><\/strong> and could hand out first contracts as early as this year. It\u2019s unclear where it might be based \u2014 near the Barakah plant or at a location near the border with Saudi Arabia. The plant could be operational by 2032. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The plant became fully operational after the fourth reactor was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9bb3b9fc-323a-4904-8b7d-6e5a237ff9c9\/iota-launches-usd-10-mn-investment-fund-%2B%253cmark%253e-barakah%253c%2Fmark%253e-nuclear-plant-is-now-online\" style=\"\" rel=\"noopener\">successfully<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9bb3b9fc-323a-4904-8b7d-6e5a237ff9c9\/iota-launches-usd-10-mn-investment-fund-%2B%253cmark%253e-barakah%253c%2Fmark%253e-nuclear-plant-is-now-online\" style=\"\" rel=\"noopener\">connected<\/a> to the national grid in March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Aldar Properties launched the residential development Yas Riva along the coast of <\/strong><strong>Yas Island in Abu Dhabi<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/422.pdf\" style=\"\" rel=\"noopener\">disclosure to ADX (pdf)<\/a>. The villa community will start putting up units for sale from 13 September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- UK developer <\/strong><a target=\"_blank\" href=\"https:\/\/leosdevelopments.com\/\" style=\"\" rel=\"noopener\">Leos Developments<\/a> launched a AED 1.75 bn luxury residential development in Dubai\u2019s Meydan called <a target=\"_blank\" href=\"https:\/\/leosdevelopments.com\/property\/knightsbridge\/\" style=\"\" rel=\"noopener\">Knightsbridge<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/leos-developments-unveils-knightsbridge-the-first-climate-adaptive-wellness-community-in-dubai-i8mvqgq2\" style=\"\" rel=\"noopener\">statement<\/a>. The first phase of the project will include 66 residential units, including townhouses and villas. The delivery date of the project was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Australian developer Loutraki launched AED 200 mn Santorini Residences in Dubai<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/loutraki-international-invests-aed-200mln-in-a-project-in-dubais-real-estate-market-with-santorini-residences-ysjyt1ao\" style=\"\" rel=\"noopener\">statement<\/a>. The project, located in District 2 of Jumeirah Village Triangle, is expected to be completed by July 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aluminum producer Emirates Global Aluminum (EGA) implemented a digital greenhouse <\/strong><strong>gas emissions tracking system<\/strong> at its facilities, complying with UAE\u2019s National MRV Transparency System, according to a <a target=\"_blank\" href=\"https:\/\/media.ega.ae\/ega-implements-digital-greenhouse-gas-emissions-tracking-system-to-enhance-transparency-and-accelerate-decarbonisation-thought-to-be-first-in-uae\/#\" style=\"\" rel=\"noopener\">statement<\/a> from the company. The move makes EGA the first company in the UAE to adopt this digital tracking system, it claims. The system allows the digital tracking and third-party validation of scope 1 and 2 carbon emissions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> Abu Dhabi rolled out a decree <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/64954856-7330-4326-8899-7bcb45fd0633\/abu-dhabi-issues-decree-making-environmental-data-reporting-mandatory\" style=\"\" rel=\"noopener\">in April<\/a> requiring businesses licensed by Abu Dhabi\u2019s Environment Agency to report their environmental data \u2014 including power usage and emissions \u2014 every year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based family office tech firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.eton-solutions.com\/\" style=\"\" rel=\"noopener\">Eton Solutions<\/a><\/strong><strong> has launched EtonGPT, <\/strong>a GenAI model for family offices, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/eton-solutions-launches-etongpt-worlds-first-generative-ai-platform-for-family-offices-m2blcm8s\" style=\"\" rel=\"noopener\">press release<\/a>. The GenAI platform will be available exclusively to the 750 family offices on Eton\u2019s wealth management software AtlasFive. Eton claims the model will help offices better make use of data and improve their portfolio analysis. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TOURISM-<\/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.adnecgroup.ae\/\" style=\"\" rel=\"noopener\">Adnec Group<\/a><\/strong><strong>\u2019s tourism subsidiary Tourism 365 will provide ground handling services for <\/strong><strong><a target=\"_blank\" href=\"https:\/\/rwcruises.com\/home\" style=\"\" rel=\"noopener\">Resorts World Cruises<\/a><\/strong> in several Gulf locations \u2014 including Sir Bani Yas, Abu Dhabi, Dubai, Muscat and Khasab, Oman, and Doha, Qatar\u2014 under a new partnership, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b501u46-adnec-group-partners-with-resorts-world-cruises\" 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\">\n<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi\u2019s Burjeel Holdings received an AAA provisional environmental, social, and <\/strong><strong>governance (ESG) rating from MSCI<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/338.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Burjeel\u2019s management of environmental impact, safety and quality in healthcare services, labor management, and privacy and data protection measures underscored MSCI\u2019s rating.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AUTOMOTIVE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deepal EVs to come to the Emirates:<\/strong> Homegrown luxury car dealership <a target=\"_blank\" href=\"https:\/\/www.altayermotors.com\/\" style=\"\" rel=\"noopener\">Al Tayer<\/a><a target=\"_blank\" href=\"https:\/\/www.altayermotors.com\/\" style=\"\" rel=\"noopener\">Motors<\/a> will distribute Chinese EV maker <a target=\"_blank\" href=\"https:\/\/www.globalchangan.com\/deepal.html\" style=\"\" rel=\"noopener\">Deepal<\/a> \u2019s vehicles, per a <a target=\"_blank\" href=\"https:\/\/www.altayermotors.com\/news-events\/al-tayer-motors-signs-new-electric-vehicle-brand-deepal\/\" style=\"\" rel=\"noopener\">statement<\/a> from Al Tayer. The agreement will see Al Tayer Motors establish a network of sales and service centers for Deepal, with the first showroom scheduled to open by 1Q 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Deepal: <\/strong>Deepal is a subsidiary of Chinese automaker <a target=\"_blank\" href=\"https:\/\/www.globalchangan.com\/\" style=\"\" rel=\"noopener\">Changan Automobile<\/a> focusing only on EVs, The company currently has 3 models including the <a target=\"_blank\" href=\"https:\/\/autonews.gasgoo.com\/new_energy\/70034337.html\" style=\"\" rel=\"noopener\">L07<\/a>, <a target=\"_blank\" href=\"https:\/\/cnevpost.com\/2024\/07\/26\/deepal-launches-s07\/\" style=\"\" rel=\"noopener\">S07<\/a>, and <a target=\"_blank\" href=\"https:\/\/cnevpost.com\/2024\/06\/13\/deepal-launches-g318-erev\/\" style=\"\" rel=\"noopener\">G318<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates launched its first flight to Antananarivo, Madagascar<\/strong>, from Dubai yesterday, according to <a target=\"_blank\" href=\"https:\/\/www.aviationbusinessme.com\/news\/emirates-new-route-madagascar\" style=\"\" rel=\"noopener\">Aviation Business<\/a>. The flight marks the start of a new route connecting the two cities via four linked weekly flights, passing by Seychelles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BUSINESS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global advisory firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/concertopr.com\/en\/\" style=\"\" rel=\"noopener\">Concerto<\/a><\/strong><strong> opened a new regional office in Dubai<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/campaignme.com\/concerto-expands-into-the-middle-east-with-new-dubai-office\/\" style=\"\" rel=\"noopener\">Campaign Middle East<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEFENSE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Edge to develop Brazilian anti-ship missiles:<\/strong> Emirati defense conglomerate Edge Group has inked a partnership agreement with the Brazilian Navy to finalize the development of the Navy\u2019s national anti-ship missile (Mansup) by late 2025, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b50n9bf-edge-group-brazilian-navy-take-major-step-mansup\" style=\"\" rel=\"noopener\">Wam<\/a> reports. In collaboration with Brazilian arms firm Siatt, the agreement will see Edge use Mansup's tech to develop an extended-range version of the missile. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: Edge Group acquired a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/news\/edge-acquires-50-stake-siatt\" style=\"\" rel=\"noopener\">50% stake<\/a><\/strong><strong> in Siatt last year<\/strong> and later revealed its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/20a96301-aa62-41ee-8514-26a007aa5e82\/lulu-group-to-build-india%25e2%2580%2599s-biggest-shopping-mall-%2B-edge-to-invest-in-expanding-brazil%25e2%2580%2599s%253cmark%253e-siatt%253c%2Fmark%253e%25e2%2580%2599s-hq#:~:text=Edge%20to%20invest%20in%20expanding%20Siatt%E2%80%99s,long%2Drange%20anti%2Dship%20missile%20technology.\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/20a96301-aa62-41ee-8514-26a007aa5e82\/lulu-group-to-build-india%25e2%2580%2599s-biggest-shopping-mall-%2B-edge-to-invest-in-expanding-brazil%25e2%2580%2599s%253cmark%253e-siatt%253c%2Fmark%253e%25e2%2580%2599s-hq#:~:text=Edge%20to%20invest%20in%20expanding%20Siatt%E2%80%99s,long%2Drange%20anti%2Dship%20missile%20technology.\" style=\"\" rel=\"noopener\">plans to expand<\/a> Siatt\u2019s headquarters and manufacturing base in S\u00e3o Jos\u00e9 dos Campos.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TRANSPORT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADQ takes over DARB and Mawaqif operations: <\/strong>Abu Dhabi-based sovereign wealth fund ADQ has assumed control of managing, operating, and developing the DARB toll system and Mawaqif parking system, according to an Abu Dhabi Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/adq-to-oversee-operations-and-management-of-darb-and-mawaqif-services-under-the-regulatory-supervision-of-department-of-municipalities-and-transport-and-integrated-transport-centre-abu-dhabi-mobility\/\" style=\"\" rel=\"noopener\">statement<\/a>. While ADQ will now oversee the two services, operations will continue as usual under the regulatory supervision of Abu Dhabi Mobility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SUSTAINABILITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dnata transitions entire Dubai fleet to biodiesel: <\/strong>Global air and travel services provider Dnara has transitioned its full non-electric airside vehicles and ground support equipment in Dubai to biodiesel, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/september\/05-09\/dnata\" style=\"\" rel=\"noopener\">statement<\/a>. This move will cut CO2 emissions by over 3.5k tonnes annually, it said. Covering 2.5k vehicles across Dubai International and Al Maktoum \u2013 Dubai World Central airports, the shift supports over 220k flights a year.<\/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\/adib\/\">ADIB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aldar\/\">Aldar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/defense\/\">defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge\/\">EDGE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tourism\/\">tourism<\/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=\"95549\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"95549\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/06\/ultra-rich-families-are-set-to-control-usd-9-5-tn-by-2030\/\">\r\n                            Ultra-rich families are set to control USD 9.5 tn by 2030                        <\/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\/09\/06\/ultra-rich-families-are-set-to-control-usd-9-5-tn-by-2030\/\" 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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Family offices \u2014 private investment firms for the wealthy \u2014 are growing fast, with their numbers projected to rise by one-third to over 10.7k over the same period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s driving the growth? <\/strong>Wealth inequality is concentrating \u201cmore money in the hands of the very rich,\u201d while it is increasingly becoming easier to set up family offices, the newswire reports. More family offices are popping up, and some are rivaling hedge funds in size and talent. These firms are taking on bigger roles in markets with some acting as activist investors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Uh, Enterprise, what are activist investors? <\/strong>Activist investors are shareholders who use their equity stake to <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8d87fb99-49f2-485c-8588-69b2dc9ef74a\" style=\"\" rel=\"noopener\">influence a company's operations<\/a>, often pushing for changes to increase shareholder value. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Most family offices are small but mighty: <\/strong>The average family office manages some USD 2 bn with just 15 employees, and one-third of these firms are run by someone outside the family, according to the Deloitte report. \u201cIt can definitely be risky managing that much wealth,\u201d Rebecca Gooch, global head of insights for Deloitte Private said. \u201cFamily offices really need to be careful about who they bring on board,\u201d she added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE 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 mixed again this morning <\/strong>in early trading, with the ASX 200 up factionally, the Shanghai Composite and Nikkei basically flat, and the Kospi down a bit over 1%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Major European benchmarks we follow look set to face a bit of selling pressure at the <\/strong><strong>opening bell<\/strong>, catching up to the losses posted yesterday by the S&P and the Dow, while US equities futures are largely unchanged as traders look forward to today\u2019s big American jobs report. <\/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\">9,477<\/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\">+1.2% (YTD: -1.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,371<\/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: +7.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3,847<\/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: 0.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5.0% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.3% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,099<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +1.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">31,029<\/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: +24.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,503<\/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: 15.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,241<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +6.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,815<\/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: +6.5%)<\/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>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 72.69<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0%<\/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>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 2.26<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0%<\/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 2,547.30<\/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\">+4.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 56,194.45<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.16% (YTD: +33.0%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM rose 0.1% yesterday<\/strong> on turnover of AED 354.2 mn. The index is up 7.7% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>International Financial Advisors (+15.0%), Dubai Taxi Company (+6.2%) and Union Properties (+2.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Dubai Refreshment Company (-10.0%), Depa Limited (-9.1%) and National General Ins. Company (-6.0%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index rose 1.2% on turnover of AED 1.3 bn. Meanwhile Nasdaq Dubai closed up 0.7%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CORPORATE ACTIONS<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Bildco hits big restructuring milestone: <\/strong>The Abu Dhabi National Company for Building Materials secured a court order that removes all foreclosures by First Abu Dhabi Bank and Emirates NBD on its assets, properties, and bank accounts, clearing a key obstacle in its turnaround plan, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/448.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Agility Global subsidiary, Tristar, is considering the sale of a company stake to boost <\/strong><strong>shareholder value <\/strong>and is consulting with advisors, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/429.pdf\" style=\"\" rel=\"noopener\">ADX<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/429.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/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\/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=\"95551\" 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=\"95551\">\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\/09\/06\/my-morning-routine-issa-aghabi-managing-partner-and-co-founder-of-access-bridge-ventures\/\">\r\n                            My Morning Routine: Issa Aghabi, managing partner and co-founder of Access Bridge Ventures                        <\/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\/09\/06\/my-morning-routine-issa-aghabi-managing-partner-and-co-founder-of-access-bridge-ventures\/\" 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 Issa Aghabi (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/iaghabi\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), managing partner and co-founder of <a target=\"_blank\" href=\"https:\/\/access-bridge.com\/\" style=\"\" rel=\"noopener\">Access Bridge Ventures<\/a>.<strong> Edited excerpts from our conversation:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My name is Issa Aghabi. I\u2019ve been a venture capitalist with a focus on the Middle East <\/strong><strong>since <\/strong><strong>around 2006<\/strong>, across various capacities. I'm currently the managing partner of Access Bridge Ventures, a fund that\u2019s been around for three and a half years, concentrating on early-stage investments, particularly seed funding, across the Middle East.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My day-to-day work revolves around sourcing and investing in promising entrepreneurs <\/strong><strong>and managing our portfolio. <\/strong>This includes both executing investments and supporting the companies post-investment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s a lot that happens behind the scenes to keep the ship afloat. <\/strong>As a managing partner, I manage HR as well as limited-partner and investor relations. At some points I also wear the hat of the accountant, of an events planner, you name it. Since we\u2019re a small, early-stage fund, we operate with a lean team, so as partners and founders of the fund, we wear many hats. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Though I initially started in banking and investment banking, 90% of my career has been <\/strong><strong>dedicated to VC. <\/strong>I\u2019ve served in different roles, mainly within fund and investment teams, and as a partner in various funds. I also ran a venture builder at one point, launching several operational companies under that umbrella. My experience spans from early-stage to later-stage investments, including fund-of-funds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I had been in the VC space for 15 to 18 years before launching Access Bridge.<\/strong> I was deeply involved in everything from seed and early-stage investments to helping create and operate businesses across the region. My last role at the International Finance Corporation focused on later-stage financing, including growth capital and fund of funds. As my investments started yielding positive results, I realized it was time to take a leap of faith and do it on my own. I had been helping others benefit from the upside for so long that I started thinking, why not do it for myself and my stakeholders?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I gained exposure to other emerging markets and different stages of investment during <\/strong><strong>my time at IFC.<\/strong> This broader perspective helped shape my understanding of the gaps in the VC and startup space. It became clear to me that there was a significant need for a dedicated early-stage fund that could support and nurture promising startups from the ground up. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This realization ultimately led to the creation of Access Bridge, to address the gap in <\/strong><strong>early-stage financing<\/strong> and provide the necessary support to help entrepreneurs build successful businesses. I partnered with Rakan (<a target=\"_blank\" href=\"http:\/\/www.linkedin.com\/in\/rakan-alrashed-2909857b\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), Imad (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/imad-ghandour-0899b6\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), and the <a target=\"_blank\" href=\"https:\/\/www.cedarbridgegroup.com\/\" style=\"\" rel=\"noopener\">CedarBridge Group<\/a> to launch it, with a clear focus on early-stage tech. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Back in 2006 and 2010, the Middle East ecosystem was still nascent, and there wasn\u2019t <\/strong><strong>much capital available. <\/strong>As the ecosystem matured, we identified a couple of key data points. First, early-stage financing in emerging markets, and even globally, often leads to exits that are around the USD 100 mn mark. From a financial perspective, we wanted to create a viable proposition where early-stage investments could still generate significant returns even with mid-level exits. Our approach is to come in early at a favorable price point, allowing us to grow these opportunities so that even if they don\u2019t become unicorns, they still offer a valid investment proposition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While investors hope to back one-hit wonders and USD 3 bn-unicorns<\/strong>, the reality is that mid-level exits are more common statistically. Of course, we still aspire for unicorns, but our model ensures viability without relying solely on them.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Second, we recognized that while early-stage investing is inherently risky, success in <\/strong><strong>this space often comes from being actively involved. <\/strong>It\u2019s not just about providing capital; it\u2019s about rolling up our sleeves and supporting entrepreneurs throughout their journey \u2014 from structuring and strategy to operational support and business development. This is where we differentiate ourselves. We don\u2019t just invest.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trends in the VC and startup world can change rapidly, sometimes even monthly.<\/strong> For example, when we first started, there was a big push for marketplaces, e-commerce platforms, content creation, blogs, news portals, and aggregators. As markets have matured, we\u2019re now seeing a significant focus on fintech, particularly in areas like SME lending, financial inclusion, and support services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We're seeing a big trend in AI<\/strong>; and we\u2019re seeing meaningful AI applications within core sectors like health, education, e-commerce, and marketplaces. There\u2019s a unique challenge and opportunity in adapting AI to the Arabic language and region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another significant trend is the increasing government support of the SME ecosystem <\/strong><strong>through sovereign funds. <\/strong>Ten years ago, this kind of support didn\u2019t exist in places like Saudi Arabia, Jordan, and the UAE. Sovereign funds are now playing a major role in fostering a healthy SME ecosystem and supporting entrepreneurship. Back in 2006, there were only two funds; by 2010, there were maybe five or six, which were the beginnings of what are now the big players in the region. Today, it's hard to keep track of all the new funds and the liquidity flowing into the market, which is a very positive sign. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ecosystem is maturing, but the real question is how this will translate into <\/strong><strong>successful exits and long-term success. <\/strong>We\u2019re still waiting to see that equation fully play out. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We gravitate towards sectors where we have deep understanding and experience. <\/strong>Healthcare is a major focus, as is education, e-commerce and its enablers, and retail, which includes SaaS, enterprise tech, and marketplaces. Fintech is another core area for us. These five sectors form the backbone of our investments, but that doesn't mean we ignore others. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Recently, we've been looking into gaming and gaming enablement.<\/strong> Although we haven't made any new investments in this area yet, I've done maybe five or six gaming investments in the past, and we've exited a couple which were project financing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My morning routine consists of getting up, getting ready, dropping my <\/strong><strong>kid <\/strong><strong>off, exercising, <\/strong><strong>walking the dogs, and then planning and executing my day<\/strong>. Nowadays, I'm much more health-conscious, so I make time to work out and clear my mind before I start my day. The first thing I do when I get to the office is get organized. I plan out my day, set out the key tasks, deadlines, and follow-ups.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Having time for myself and my family is something I never compromise on. <\/strong>Family is my constant. I'm an involved parent, and I enjoy being around my family. For me, there's a non-negotiable time \u2014 from around 5:30 to 7:00 in the evening \u2014 that is strictly family time. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My efficiency has increased drastically post-covid with much of the work being virtual.<\/strong> Before, meeting people in person meant I could only handle one or two entrepreneur calls, a portfolio call, maybe a board meeting, or a meeting with an investor. Now you can do 10x more in the same time frame because your efficiency increases drastically.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One of the most important things for me is communication, which is something that\u2019s <\/strong><strong>often lacking in this part of the world. <\/strong>Being responsive, going through emails, and making sure people get answers is crucial. We've sourced around 4k startups over three and a half years of operations, and we've made it a point to respond to every single one. Things might fall through the cracks occasionally, but we try our best to get back to everyone who reaches out. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Professionally, our priority is to ensure that Access Bridge\u2019s fund one is successful and <\/strong><strong>delivers strong returns. <\/strong>We\u2019re planning to double down on this success, potentially launching a second fund in the near future. For us, it's not about how much money we're managing, it\u2019s about the focus, strategy, and execution. We\u2019ll never aim to launch a massive fund. The size we\u2019re at, or maybe slightly bigger, is ideal for us. We\u2019ll continue with our hands-on, early-stage value investing approach.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a personal level, I've been on a health kick for the past year, losing a lot of weight and <\/strong><strong>working out regularly. <\/strong>It\u2019s helping me as I get older, so staying healthy is a priority, and I\u2019m committed to continuing this journey. Also being present for my family, watching my kid grow, and being an active part of their lives is a top priority for me.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lately, I\u2019ve been into reading biographies, especially those of key influential figures from <\/strong><strong>the Middle East <\/strong>\u2014 people from the UAE, Saudi Arabia, Jordan, and other regions. I\u2019ve also been exploring the lives of successful entrepreneurs. That\u2019s really been my focus for the past six to nine months. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I recently recommended the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.amazon.com\/Secrets-Sand-Hill-Road-Venture\/dp\/059308358X\" style=\"\" rel=\"noopener\">Secrets of Sand Hill Road<\/a><\/strong><strong> to an intern <\/strong><strong>who joined us<\/strong><strong>.<\/strong> Even though it\u2019s a bit old, it\u2019s the first book I read when I got into VC, and even though it could use some updates for today\u2019s world, I still recommend it to anyone entering the field. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The best piece of advice I\u2019ve ever received came from my wife about five years ago when <\/strong><strong>I was contemplating my next steps.<\/strong> She told me, \u201cYou only live once and you're still young. If you don't take that leap of faith now and pursue what you love and are good at, you'll never do it. It only gets harder with time.\u201d Her words really resonated with me and ultimately pushed me to quit and launch Access Bridge. <\/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\/access-bridge\/\">Access Bridge<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/venture-capital\/\">VENTURE CAPITAL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"95553\" 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\/09\/06\/95553-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-95553\" class=\"content-area-description single-story post-95553 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;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>31 August-8 September (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adihex.com\/\" style=\"\">Abu Dhabi International Hunting and Equestrian Exhibition<\/a><\/span><span style=\"font-weight:400;\"> (ADIHEX), 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;\">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): du\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.idc.com\/mea\/events\/71076-envision\" style=\"\">Envision<\/a><\/span><span style=\"font-weight:400;\">, Atlantis the Royal, Dubai.<\/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 <\/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>7-8 September (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tickets.virginmegastore.me\/ae\/sports\/24688\/binous-classic\" style=\"\">Binous Classic Bodybuilding Championship<\/a><\/span><span style=\"font-weight:400;\">, DWTC, 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;\">7-13 September (Saturday-Friday): Makers\u2019 Month, Al Quoz Creative District, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-10 October (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.airtaxiworldcongress.com\/\" style=\"\">The World Air Taxi Congress,<\/a><\/span><span style=\"font-weight:400;\"> The Grand Hyatt Dubai, 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;\">9-12 September (Monday-Thursday): The annual EFG Hermes London Conference.<\/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 style=\"font-weight:400;\">11 September (Wednesday): Shares of NMDC Energy start trading on the ADX on the ticker NMDCENR. <\/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:\/\/dubaiaiweb3festival.com\/\" style=\"\">Dubai AI & Web3 Festival<\/a><\/span><span style=\"font-weight:400;\">, Madinat Jumeirah, 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:\/\/www.medicalfair-asia.com\/gitex-digi-health-conference\" style=\"\">Gitex Digi_Health 5.0 conference<\/a><\/span><span style=\"font-weight:400;\">, Singapore.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 September - 23 February 2025 (Sunday-Sun<\/span><span>day<\/span><span>): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/b50n9tb-6th-dubai-labour-sports-tournament-slated-for\" style=\"\">Labour<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/b50n9tb-6th-dubai-labour-sports-tournament-slated-for\" style=\"\">Sports Tournament<\/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>16 September (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dfsa.ae\/news\/hkma-and-dfsa-co-host-climate-conference-strengthen-sustainable-finance-cooperation-across-asia-and-middle-east\" style=\"\">HKMA\u2013DFSA Climate Finance Conference<\/a><\/span><span style=\"font-weight:400;\">, Hong Kong.<\/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>16-20 September (Monday- Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/itsworldcongress.com\/\" style=\"\">Intelligent Transport Systems World Congress 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>17-18 September (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aioilandgas.energyconferencenetwork.com\/MiddleEast24\" style=\"\">AI in oil and gas 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>18-19 September (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sharjahinvestmentforum.ae\/\" style=\"\">Sharjah Investment Forum<\/a><\/span><span style=\"font-weight:400;\">, Jawaher Reception and Convention Centre, Sharjah.<\/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>19-20 September (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/forbesmiddleeastevents.com\/healthcare-summit-2024\/\" style=\"\">Healthcare Leaders Summit 2024<\/a><\/span><span style=\"font-weight:400;\">, St. Regis Saadiyat Island Resort, 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>24-26 September (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/careers-uae-2024\/\" style=\"\">Careers UAE 2024<\/a><\/span><span style=\"font-weight:400;\">, Dubai 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>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>2-3 October (Wednesday-Thursday): <\/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>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 Transpo[rt 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>13-14 October (Sunday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/abu-dhabi-convention-and-exhibition-bureau-announces-second-edition-of-abu-dhabi-wedding-show-jdfbe6nl\" style=\"\">Abu Dhabi Wedding Show<\/a><\/span><span style=\"font-weight:400;\">, Park Hyatt 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.gitex.com\/home\" style=\"\">Gitex Global<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre and Dubai Harbour.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-16 October (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/visit.expandnorthstar.com\/Event\/North\/Visitor\/Package\/AllPackages?utm_source=GoogleAds&utm_medium=PaidMarketing&utm_campaign=ATF-DWTC-PPC-GSA-Northstar2024-EN@UAE-Brand-Exact&Phrase-Visprom-Warm&gad_source=1&gbraid=0AAAAABaj9Au9xud1lWLG0qqB8gRUefq0d&gclid=Cj0KCQjwz7C2BhDkARIsAA_SZKZkiBNfVxNeLF941d-etvrU0euGxKDryAJwdwB5KEMLCMmTpM9Ai_AaAoZZEALw_wcB\" style=\"\">Expand North Star<\/a><\/span><span style=\"font-weight:400;\">, Dubai Harbour.<\/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;\">14 October (Monday): The Smart Cities MENA 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: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>30 October (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/events.ringcentral.com\/events\/connected-construction-conference\/registration?utm_source=linkedin&utm_campaign=2410-ME-CONS-LE-CCC-Dubai\" style=\"\">Connected Construction Conference<\/a><\/span><span style=\"font-weight:400;\">, Museum of the Future, 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\/\" style=\"\">Abu Dhabi International Petroleum Exhibition & Conference<\/a><\/span><span> (<\/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>4-7 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>4-7 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/decarbonisation\/\" style=\"\">ADIPEC Decarbonisation Accelerator<\/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>6 November (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/events.futureforums.com\/world-finance-forum-dubai\" style=\"\">World Finance Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11 November (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/diamondconference.ae\/\" style=\"\">Dubai Diamond Conference<\/a><\/span><span style=\"font-weight:400;\">, Jafza One Convention Centre, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-12 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menacinema.com\/\" style=\"\">META Cinema Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-20 November (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fastmarkets.com\/events\/middle-east-iron-steel\/\" style=\"\">Fastmarkets Middle East Iron & Steel 2024<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>23-24 November (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sailgp.com\/races\/season-4\/dubai-sail-grand-prix\/overview\/\" style=\"\">Emirates Dubai Sail Grand Prix<\/a><\/span><span style=\"font-weight:400;\">, SailGP Race Stadium.<\/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>26-29 November (Tuesday-Friday):<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5global.com\/?utm_source=google&utm_medium=cpc&utm_campaign=Big5Global&gad_source=1&gclid=CjwKCAjwreW2BhBhEiwAavLwfMyCmxvF5TomCWjZjNNsrbM3dAEVIr25shB3MjkoI5W3FPbNnU4_hhoCOVoQAvD_BwE\" style=\"\">Big 5 Global<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Centre.<\/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 (Monday-Tuesday): <\/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>9-12 December (Monday-ThursdayTuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adgm.com\/events\/abudhabifinanceweek\" style=\"\">Abu Dhabi Finance Week<\/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>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 Conference)<\/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 style=\"font-weight:400;\">10-12 December (Tuesday-Thursday): The Middle East and North Africa Business Aviation Association Show, Al Maktoum International Airport, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-13 December (Wednesday-Friday): <\/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>14-21 December (Saturday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/worldschoolsfestival.com\/\" style=\"\">World Schools Festival<\/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<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/b4xo3a9-abu-dhabi-forum-for-peace-hold-10th-meeting\" style=\"\">Abu Dhabi Forum for Peace<\/a><\/span><span style=\"font-weight:400;\">, 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 style=\"font-weight:400;\">2-3 February (Sunday-Monday): L\u2019Etape Dubai cycling race, Dubai.<\/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=\"\">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;\">Signposted to happen sometime in 1Q 2025:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">The first eight fronds of the Palm Jebel Ali will be site-ready, allowing for the commencement of villa infrastructure and civil works. <\/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;\">APRIL 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;\">6-11 April (Sunday-Friday): Geo-Spatial Week 2025, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aimcongress.com\/\" style=\"\">AIM Investment Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Center<\/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 April:<\/span><\/p>\n<ul>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/a2rl.io\/autonomous-drone-race\" style=\"\">Abu Dhabi Autonomous Racing League<\/a><\/span><span style=\"font-weight:400;\">, Yas Marina Circuit in 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;\">MAY 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-7 May (Tuesday-Wednesday): <\/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: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;\">JUNE 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;\">3-4 June (Tuesday-Wednesday): Make-A-Wish International\u2019s Global Wish summit, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER 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 in 2025:<\/span><\/p>\n<ul>\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>Adnoc + Aramco going head-to-head in South Africa? | NMDC Energy closes IPO 31x oversubscribed | JPM\u2019s Dubai private banking team | Ultra-rich families getting ultra-mega rich<\/p>\n","protected":false},"featured_media":95532,"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-95531","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"6479902c-8c37-4f08-9698-a1cb1b1c64c6","teaser":"Adnoc + Aramco going head-to-head in South Africa? | NMDC Energy closes IPO 31x oversubscribed | JPM\u2019s Dubai private banking team | Ultra-rich families getting ultra-mega rich","photo_url":"https:\/\/ent.news\/2024\/1\/1281.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin 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