{"id":96610,"date":"2024-10-09T00:00:00","date_gmt":"2024-10-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=96610"},"modified":"2025-12-15T01:40:39","modified_gmt":"2025-12-15T01:40:39","slug":"record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/","title":{"rendered":"Record budget approved for 2025 + Abu Dhabi the richest city in the world?"},"content":{"rendered":"<section id=\"96612\" 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=\"96612\">\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\/10\/09\/this-morning-more-tech-ipos-in-the-next-18-months-dubai-holding-mulls-setting-up-an-reit-report\/\">\r\n                            THIS MORNING: More tech IPOs in the next 18 months? + Dubai Holding mulls setting up an REIT -report                        <\/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\/10\/09\/this-morning-more-tech-ipos-in-the-next-18-months-dubai-holding-mulls-setting-up-an-reit-report\/\" 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\/10\/09\/this-morning-more-tech-ipos-in-the-next-18-months-dubai-holding-mulls-setting-up-an-reit-report\/')\">\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\/10\/09\/this-morning-more-tech-ipos-in-the-next-18-months-dubai-holding-mulls-setting-up-an-reit-report\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS MORNING: More tech IPOs in the next 18 months? + Dubai Holding mulls setting up an REIT -report&url=https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/this-morning-more-tech-ipos-in-the-next-18-months-dubai-holding-mulls-setting-up-an-reit-report\/\">\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\/10\/09\/this-morning-more-tech-ipos-in-the-next-18-months-dubai-holding-mulls-setting-up-an-reit-report\/&title=THIS MORNING: More tech IPOs in the next 18 months? + Dubai Holding mulls setting up an REIT -report\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+MORNING%3A+More+tech+IPOs+in+the+next+18+months%3F+%2B+Dubai+Holding+mulls+setting+up+an+REIT+-report+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F10%2F09%2Fthis-morning-more-tech-ipos-in-the-next-18-months-dubai-holding-mulls-setting-up-an-reit-report%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\/10\/09\/this-morning-more-tech-ipos-in-the-next-18-months-dubai-holding-mulls-setting-up-an-reit-report\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96613\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/this-morning-more-tech-ipos-in-the-next-18-months-dubai-holding-mulls-setting-up-an-reit-report\/1198-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1198.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1198.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96612\" class=\"content-area-description single-story post-96612 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-dubai-holding tag-investment tag-ipo tag-real-estate tag-war-watch tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.ce8b7578-21a2-4fd8-a345-5fa44cf4aba3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people.<\/strong> It\u2019s another busy day in the news, with the cabinet approving the largest ever budget for 2025, more updates from the latest in a diplomacy-heavy week, and news that real estate mogul Nick Candy has set up a JV with Modon Holding. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s also a busy day from a macro perspective<\/strong>, with a new report from Global SWF ranking <strong>Abu Dhabi as the richest city in the world<\/strong>, a new <strong>banking sentiment<\/strong> report from PwC suggesting online perception of banks in the UAE declined last year, and a <strong>startup investment<\/strong> report showing UAE leading the region in terms of funding rounds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2601\ufe0fWEATHER- The Eastern parts of the country will continue to see clouds with<\/strong><strong> a chance of rain today<\/strong> and through to Friday. In Dubai, temperatures will hit 37\u00b0C before cooling to 29\u00b0 overnight \u2014 the first time we\u2019ve broken the 30\u00b0C barrier for a while now \u2014 while Abu Dhabi will see the mercury hit 35\u00b0 before cooling to 29\u00b0. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>JUST IN- Abu Dhabi sovereign wealth fund Abu Dhabi Investment Authority has written <\/strong><strong>off its 9.9% stake in the UK\u2019s largest water and sewage company Thames Water<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6a86cacd-f0f6-484f-b820-1e10d5d2dc4a\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports, citing documents it has seen. Adia said it had written down the GBP 263 mn investment due to the \u201cchallenging regulatory environment and operational performance.\u201d The FT says this was done at the end of last year, according to Adia\u2019s filings in June. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adia has also written down a GBP 31mn loan<\/strong> awarded to one of the holding companies that owns Thames, the FT wrote.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Thames water has been in hot water for a while now, with shareholders saying the company is \u201cuninvestable\u201d under the current regulatory regime, following unresolved issues between the UK\u2019s Water Services Regulation Authority (Ofwat) and the shareholders over price changes.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>AND- Cerebras\u2019 IPO on ice for now? <\/strong>Abu Dhabi-backed Cerebras \u2014 a rival to Nvidia \u2014 is likely postponing its IPO due to delays with a US national security review that is looking into state-owned tech firm G42\u2019s minority stake in the company, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/cerebras-likely-postpone-ipo-due-cfius-review-delay-g42-deal-sources-say-2024-10-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing people familiar with the matter. The investment is still expected to receive the greenlight, sources said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Cerebras Systems is reportedly looking to raise between USD 750 mn to USD 1 bn from its IPO, potentially valuing the company at USD 7-8 bn. G42 has already been subject to some reviews from US security regulators due to Microsoft\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ab8a12c3-4caf-4243-940c-f007b4d33c7a\/%253cmark%253emicrosoft%253c%2Fmark%253e-writes-usd-1.5-bn-ticket-for-g42\" style=\"\" rel=\"noopener\">USD 1.5 bn investment<\/a> in the company that looked into any possible links with China amid heightened tensions between the US and China. The company has since reportedly divested all of its Chinese investments. <\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#1- HSBC Middle East expects to see many tech companies in the GCC region go pu<\/strong><strong>blic over the coming 18 months<\/strong>, especially those focusing on education, healthcare, and logistics, co-head of Investment Banking for Mena and Turkey at the bank, Samer Deghaili, told <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/markets\/equities\/gcc-ipo-pipeline-robust-q4-with-tech-firms-to-take-the-spotlight-in-2025-h13347xh\" style=\"\" rel=\"noopener\">Zawya<\/a>. The UAE, Saudi Arabia, and Oman, in particular, are expected to raise a lot of capital via the stock markets in the coming months, experts surveyed by the newswire said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>Tech companies are eyeing IPOs to leverage debt levels, fund marketing campaigns, and expand into new regions, CIO at UAE brokerage firm Century Financial, Vijay Valecha, said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember- The ADX pipeline is heating up:<\/strong><\/p>\n<ul>\n<li>Abu Dhabi National Hotels\u2019 catering unit <strong>ADNH Catering<\/strong> is looking to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5a37f946-f7c7-478c-92f9-7bc049af7866\/%253cmark%253eadnh%253c%2Fmark%253e-catering%25e2%2580%2599s-ipo-could-raise-as-much-as-aed-864-mn\" style=\"\" rel=\"noopener\">raise up to AED 864 mn<\/a> in its IPO, the book building process for which kicked off this week; <\/li>\n<li>IT services firm Alpha Data is reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b5a6a284-e95b-4f0b-a577-0cfaccd95a8d\" style=\"\" rel=\"noopener\">planning<\/a> to go public as soon as this year, where it could raise around USD 200 mn;<\/li>\n<li>Supermarket chain <strong>LuLu Group<\/strong> is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/03d1a1ba-d94b-4ddd-8743-ee41a54f980b\" style=\"\" rel=\"noopener\">planning<\/a> to list its shares on the ADX and Riyadh\u2019s Tadawul in late October or early November, potentially raising as much as USD 1.85 bn; <\/li>\n<li>ADQ is reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c51b4ea9-069c-433b-a44a-d91139d4417f\" style=\"\" rel=\"noopener\">planning<\/a> an IPO for <strong>Etihad Airways<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/86abe7e4-88e8-48b9-869a-be06f8f6b66a\/this-morning:-adnoc-to-submit-final-eur-14.4-bn-bid-for-covestro-%2B%253cmark%253e-etihad-airways%253c%2Fmark%253e-ipo-pushed-to-next-year%3F\" style=\"\" rel=\"noopener\">next year<\/a>.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM pipeline is also packed:<\/strong><\/p>\n<ul>\n<li>Germany-based Delivery Hero is planning to list <strong>Talabat<\/strong>\u2019s shares on the DFM in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fea78ee1-495f-4164-8202-ac6aca92a9e7\/talabat-to-ipo-on-dfm-in-4q-2024\" style=\"\" rel=\"noopener\">4Q 2024<\/a> ;<\/li>\n<li>Construction firm <strong>Alec<\/strong> is reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e2feb924-f76a-4703-af1e-485f9061c6b2\/icd-backed-alec-taps-banks-ahead-of-planned-ipo\" style=\"\" rel=\"noopener\">planning<\/a> a potential IPO in 2H 2024;<\/li>\n<\/ul>\n<ul>\n<li><strong>Amanat Holdings<\/strong> is looking to list its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e11209cb-2436-465a-8a18-8f9e15410aac\/%253cmark%253eamanat%253c%2Fmark%253e-holdings-to-discuss-potential-ipo-of-education-unit-today\" style=\"\" rel=\"noopener\">education<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a7487593-d87d-409f-8b7b-96601eda5c08\/expect-at-least-five-more-ipos-in-the-uae-this-year\" style=\"\" rel=\"noopener\">healthcare<\/a> units, with reports that its healthcare unit could raise some USD 200 mn as soon as this year;<\/li>\n<li>Shisha producer <strong>Advanced Inhalation Rituals<\/strong> is reportedly <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/mideasts-biggest-tobacco-firm-air-invites-banks-pitch-roles-ipo-sources-2023-07-04\/\" style=\"\" rel=\"noopener\">eyeing<\/a> an IPO in 2024, where it could raise USD 800 mn;<\/li>\n<\/ul>\n<ul>\n<li>Hospitality group <strong>Five Holdings<\/strong> is reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e41498de-e70b-4fe3-81cc-992793f20f9c\/%253cmark%253efive-holdings%253c%2Fmark%253e-taps-banks-for-2025-ipo\" style=\"\" rel=\"noopener\">planning<\/a> a potential DFM IPO next year.<\/li>\n<\/ul>\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- DFSA proposes amendments to capital requirements for certain companies: <\/strong>The Dubai Financial Services Authority is proposing new amendments that would remove the requirement for an expenditure-based capital minimum \u2014 a minimum threshold for liquid assets held by DFSA-authorized firms \u2014 for companies without client assets and adjust the size of the threshold for others, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/594.pdf\" style=\"\" rel=\"noopener\">consultation paper (pdf)<\/a> it published. The changes to the prudential regime also include setting capital requirements according to different financial activities, and changing the risk regime for firms acting as agents rather than asset owners or managers. <strong>The consultation is open until 10 January, 2025. <\/strong><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt4\"><\/a> <strong>#3- Dubai Holding is mulling setting up a real estate investment trust <\/strong>in a bid to capitalize on the city\u2019s real estate boom, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-08\/dubai-ruler-s-firm-considers-new-reit-amid-city-s-housing-boom\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people it says are familiar with the matter. The state-run investment firm reportedly tapped Citigroup, HSBC Holdings, and Emirates NBD Capital for the potential offering, with discussions still in the early stages. The trust\u2019s size is yet to be agreed on, but it would include community developments that were recently transferred to Dubai Holding, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Dubai\u2019s government-backed real estate firms <a target=\"_blank\" href=\"https:\/\/www.nakheel.com\/\" style=\"\" rel=\"noopener\">Nakheel<\/a> and <a target=\"_blank\" href=\"http:\/\/meydan.ae\/\" style=\"\" rel=\"noopener\">Meydan<\/a> merged into one entity held by Dubai Holding in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9734f11c-2d7a-4969-bc0a-f8d75af7f391\/%253cmark%253enakheel%253c%2Fmark%253e,-meydan-to-merge-under-dubai-holding\" style=\"\" rel=\"noopener\">March<\/a>, with Emirates Group CEO Sheikh Ahmed bin Saeed Al Maktoum taking the helm. Dubai Holding used a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a9aebb42-4974-4291-9709-c4940f3946c1\/dubai-holding-refinances-aed-30-bn-to-facilitate%253cmark%253e-nakheel%253c%2Fmark%253e-and-meydan-debt\" style=\"\" rel=\"noopener\">AED 30 bn<\/a> loan to refinance the debts of the two developers.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#4- More UAE-Nvidia cooperation?<\/strong> National Security Advisor Tahnoon Bin Zayed Al Nahyan met with Nvidia's CEO Jensen Huang to discuss their collaboration on advancing global climate technology and AI computing, according to an <a target=\"_blank\" href=\"https:\/\/x.com\/hhtbzayed\/status\/1843543892232216850\" style=\"\" rel=\"noopener\">X post<\/a>. The meeting comes a few weeks after Al Nahyan\u2019s G42 and Nvidia said they are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/36c1e4a0-f043-4c79-94b8-b25deca76816\/g42,%253cmark%253e-nvidia%253c%2Fmark%253e-open-climate-tech-lab-in-abu-dhabi\" style=\"\" rel=\"noopener\">establishing a climate tech lab<\/a> in Abu Dhabi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The UAE has been ramping up its AI partnerships with US tech giants: <\/strong>Abu Dhabi-based AI group G42 secured a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ab8a12c3-4caf-4243-940c-f007b4d33c7a\/%253cmark%253emicrosoft%253c%2Fmark%253e-writes-usd-1.5-bn-ticket-for-g42\" style=\"\" rel=\"noopener\">USD 1.5 bn<\/a> investment from Microsoft in April in a bid to have access to large-scale AI components. The UAE has already started receiving <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5c5c848e-6608-47a6-8164-b528e678f6ad\" style=\"\" rel=\"noopener\">Nvidia chips<\/a> as part of the partnership after the US approved their sale earlier this year. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5-<\/strong><strong> Federal export credit company <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.eci.gov.ae\/\" style=\"\" rel=\"noopener\">Etihad Credit Ins<\/a><\/strong><strong>. is gearing up to ink an MoU with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/saudiexim.gov.sa\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Saudi EXIM Bank<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/creditoman.om\/\" style=\"\" rel=\"noopener\">Credit Oman<\/a><\/strong><strong> in the coming days<\/strong> to support Emirati companies, the company\u2019s CEO Raja Al Mazrouei told Asharq Business (<a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/economics\/56125\/%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AA%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%85%D8%B9-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%88%D8%B9%D9%85%D8%A7%D9%86-%D9%81%D9%8A-%D8%A7%D8%A6%D8%AA%D9%85%D8%A7%D9%86-%D8%A7%D9%84%D8%B5%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA\/\" style=\"\" rel=\"noopener\">watch, runtime: 05:48<\/a>). The<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">move aims to streamline processes such as debt collection and settlement assessments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company\u2019s credit coverage now amounts to AED 10.6 bn<\/strong>, extending across 110 countries and 17 non-oil sectors, including clean energy, infrastructure, information technology, and food security, Al Mazrouei said.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- The Financial Audit Authority is launching three new digital services \u2014 a <\/strong><strong>database of firms under audit, a violations reporting platform, and a legislative platform \u2014 <\/strong>at the Gitex Global event next week, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/145osqh-financial-audit-authority-unveil-new-digital\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#7- Hydrogen-powered tower coming soon? <\/strong>Saudi industrial group Rawabi Holding subsidiary Magnom Properties is planning to replicate its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8a6e9d0a-9151-414c-b5d3-ab79b1d8b440\/today:-lots-of-waste-management-news-%2B-acwa,-indonesia-ink-a-floating-solar-ppa\" style=\"\" rel=\"noopener\">net-zero Forbes International Tower in Egypt<\/a> in Saudi Arabia and the UAE with USD 5 bn in investments across the three countries, Rawabi Group CEO Othman Ibrahim told Asharq Business (<a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/real-estate\/56074\/%D8%B1%D9%88%D8%A7%D8%A8%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D8%AB%D9%85%D8%B1-5-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%A8%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9-%D8%B9%D9%82%D8%A7%D8%B1%D9%8A%D8%A9-%D9%85%D8%B3%D8%AA%D8%AF%D8%A7%D9%85%D8%A9\/\" style=\"\" rel=\"noopener\">watch, runtime: 2:54<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company plans to invest more than USD 1 bn in each location<\/strong>, Magnom Properties CEO Maged Marie told <a target=\"_blank\" href=\"https:\/\/www.dailynewsegypt.com\/2024\/10\/06\/magnom-properties-invests-1bn-forbes-international-tower-development-in-egypt\/\" style=\"\" rel=\"noopener\">Daily News Egypt<\/a> earlier this week. If plans go ahead, Magnom intends to complete all three projects within five years, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know about these towers: <\/strong>These 250-meter tall buildings include 50 floors and span an area of 100k sqm, according to Marie. The projects feature advanced technology from Schneider Electric and Germany\u2019s H2 to power the tower by clean hydrogen transported to the building as a liquid, along with solar power. The buildings aim to be the world\u2019s first hydrogen-powered and carbon-neutral <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/09\/22\/-%D9%85%D8%A7%D8%AC%D9%86%D9%88%D9%85-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%8A%D8%A9-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%A7%D9%86%D8%B4%D8%A7%D8%A1-%D9%81%D9%88%D8%B1%D8%A8%D8%B3-%D8%A7%D9%86%D8%AA%D8%B1%D9%86%D8%A7%D8%B4%D9%8A%D9%88%D9%86%D8%A7%D9%84-%D8%AA%D8%A7%D9%88%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%A8%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\" style=\"\" rel=\"noopener\">skyscrapers<\/a>.<\/p>\n<p class=\"tag-border-left\"> PUBLIC SERVICE ANNOUNCEMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Flydubai suspended flights between Dubai and Beirut until 31 October <\/strong>on the back of the ongoing regional conflicts, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/airlines-suspend-flights-middle-east-tensions-rise-2024-09-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing an emailed statement from the budget airline\u2019s spokesperson. Passengers with existing bookings will be contacted for rebooking or refund options. Emirates earlier this month <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/af6875d3-a0a7-4882-be75-ecd8eb6ade60\/\" style=\"\" rel=\"noopener\">suspended<\/a> flights to Beirut until October 15.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Get rid of your oleander plants: <\/strong>The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) banned the production and trading of oleander plants due to their toxic risks, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b5kw0de-abu-dhabi-bans-oleander-safeguard-public-health\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Individuals and establishments have six months to remove them. Oleander grown for research is exempt with prior ADAFSA approval.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Dubai International Chamber is now on the Turkey leg of its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/october\/02-10\/dubai-international-chamber-completes\" style=\"\" rel=\"noopener\">trade mission<\/a><\/strong> to Serbia and Turkey that runs until 11 October, aiming to help UAE businesses identify and capitalize on potential investments in Turkey. The program includes bilateral business meetings designed to foster cooperation, expansion, and the establishment of new trade and investment agreements between companies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.airtaxiworldcongress.com\/\" style=\"\" rel=\"noopener\">The World Air Taxi<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.airtaxiworldcongress.com\/\" style=\"\" rel=\"noopener\">Congress<\/a><\/strong><strong> takes place through Thursday at the <\/strong><strong>Grand Hyatt Dubai<\/strong>, showcasing the latest in aerial technologies, including eVTOLs, next-generation STOLs, eCTOLs, delivery and cargo drones, and the role of autonomy and AI in aviation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Dubai Chambers\u2019 Center for Responsible Business is hosting the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaichamber.com\/en\/sustainability-week\/\" style=\"\" rel=\"noopener\">annual Dubai<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaichamber.com\/en\/sustainability-week\/\" style=\"\" rel=\"noopener\"><\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaichamber.com\/en\/sustainability-week\/\" style=\"\" rel=\"noopener\">Chambers Sustainability Week 2024<\/a><\/strong><strong> until Friday. <\/strong>The activities of the week will focus on the intersection of technology and sustainability.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/events.economist.com\/global-trade-week\/?RefID=ad_google_gts2024\" style=\"\" rel=\"noopener\">Global Trade and Supply Chain Summit<\/a><\/strong><strong> is on its second and final day <\/strong><strong>at the JW Marriott Hotel Marina<\/strong>. The event aims to address the evolving landscape of international trade and supply chains, focusing on overcoming challenges and leveraging solutions offered by new technologies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.grtiec.com\/\" style=\"\" rel=\"noopener\">Global Rail Transport Infrastructure Exhibition and Conference<\/a><\/strong><strong> kicked off yesterday <\/strong><strong>and runs until tomorrow at Adnec Abu Dhabi<\/strong>. The event gathers leaders and specialists from the rail and transport industries from the region and beyond to discuss smart mobility, greentech, and automation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dcdf.ae\/\" style=\"\" rel=\"noopener\">The Regional Data and Community Development Forum<\/a><\/strong><strong> kicks off today and runs until <\/strong><strong>tomorrow a<\/strong>t Al Jawaher Reception and Convention Center. Organized by the Department of Statistics and Community Development, the forum aims to bring together global experts and decision-makers to discuss the role of data in promoting sustainable social development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- The National Summit on Financial Crime Compliance kicks off today and runs until <\/strong><strong>tomorrow <\/strong>in Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b5kw01x-uae-host-national-summit-financial-crime\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Organized by the Central Bank of the UAE, the summit brings together local regulatory bodies and global law enforcement authorities to discuss frameworks for combating financial crimes.<\/p>\n<p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; line-height: 1.15;\"><span style=\"background-color: transparent;\"><span style=\"font-weight: 600;\">**EDITOR'S NOTE- This story was amended on 13 October, 2024 to remove incorrect information.<\/span><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"background-color: transparent;\">SPORTS-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE gets its first national baseball team: <\/strong>Baseball United, a professional league based in the Middle East and South Asia, created the UAE's first national baseball team, approved by the Emirates Cricket Board, according to the company <a target=\"_blank\" href=\"https:\/\/x.com\/BaseballUnited\/status\/1843518480806752554\" style=\"\" rel=\"noopener\">statement<\/a>. The team will compete in the inaugural Arab Classic next month in Dubai, with Baseball United overseeing player selection, development, and participation in competitions.<\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a mixed bag in the foreign press this morning<\/strong>, as the intensification of the war in Gaza and Lebanon and Hurricane Milton in the US continue to grab headlines. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israeli Prime Minister Benjamin Netanyahu said that Israeli airstrikes killed two successors to Hezbollah leader Hassan Nasrallah<\/strong> in a <a target=\"_blank\" href=\"https:\/\/x.com\/netanyahu\/status\/1843694164690846055?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" style=\"\" rel=\"noopener\">video on X<\/a>, hours after Hezbollah seemed to drop demands for a ceasefire in Gaza as part of a ceasefire agreement for Lebanon. Netanyahu did not name the successors, but the video suggests that Hashem Safieddin, who was widely expected to succeed Nasrallah and who was reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/63ed6e25-b59b-474d-84e1-7e53b3f1ab8c\/this-morning:-dubai-attracted-aed-21.85-bn-in-greenfield-investments-in-1h-%2B-president-heads-to-egypt-on-working-visit\" style=\"\" rel=\"noopener\">killed<\/a> last week, has been eliminated. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/hezbollah-officials-drop-gaza-truce-condition-lebanon-ceasefire-2024-10-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel had expanded its ground invasion of Lebanon yesterday with a fourth division deployed in the south of the country<\/strong>, as it continued with intense airstrikes that killed at least 36 people over the past day. (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2024\/oct\/08\/israel-lebanon-ground-offensive-hezbollah-gaza\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cly3x1w0595o\" style=\"\" rel=\"noopener\">BBC<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in the US, Hurricane Milton is now a Category 5 storm as it heads towards Florida<\/strong>, with President Joe Biden saying the \u201cdevastating\u201d storm could be the worst to hit the state in more than a century. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Politics continue to be in focus: <\/strong>The latest Reuters\/Ipsos poll showed Vice President and democratic candidate Kamala Harris leading Trump with 46% of votes, as opposed to Trump\u2019s 43%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN THE BUSINESS PRESS- Samsung issued a rare apology yesterday after it warned of worse-than-expected 3Q earnings<\/strong>, adding that its high-end chips will see a delay in sales, and chalking up the decline in performance to one-off costs and higher supply of older products from Chinese rivals that have hit demand for its chips. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/10\/08\/samsung-issues-lengthy-apology-after-results-read-the-statement.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/samsung-electronics-estimates-274-jump-q3-operating-profit-2024-10-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2024\/10\/8\/24265018\/samsung-profit-apology-ai-memory-chips\" style=\"\" rel=\"noopener\">The Verge<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND IN A SIGN OF THE TIMES- The Nobel prize for physics went to two researchers credited for laying the foundations for modern AI<\/strong>, US professor John Hopfield and British-Canadian professor Geoffrey Hinton. (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/science\/2024\/oct\/08\/nobel-prize-physics-john-hopfield-geoffrey-hinton-machine-learning\" style=\"\" rel=\"noopener\">The Guardian<\/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\"><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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.gitex.com\/home\" style=\"\" rel=\"noopener\">Gitex Global<\/a><\/strong><strong> will take place from October 14-18 at the Dubai World Trade Cen<\/strong><strong>tre and <\/strong><strong>Dubai Harbour. <\/strong>The event will showcase the latest innovations in technology, including AI, cybersecurity, cloud computing, and digital transformation. Leaders from large technology firms, government representatives, emerging startups, investors, and corporate buyers will participate. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Happening alongside Gitex is Expand North Star<\/strong>, which takes place on 13-16 October at the Dubai Harbour. The event will also include an AI startup competition \u2014 <a target=\"_blank\" href=\"https:\/\/agcc.vc\/ai-challenge\" style=\"\" rel=\"noopener\">DMCCxAGCC: Global AI Challenge - Sustaina<\/a><a target=\"_blank\" href=\"https:\/\/agcc.vc\/ai-challenge\" style=\"\" rel=\"noopener\">bility Edition<\/a> \u2014 to identify innovative AI solutions that contribute to sustainability in the GCC region.<\/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.fintechsurge.com\/\" style=\"\" rel=\"noopener\">Fintech Surge<\/a><\/strong><strong> will also take place alongside Gitex<\/strong>, bringing together over 12k investors and 100 exhibitors, serving as a platform for fintech firms to showcase their innovations. The <strong>Future Blockchain Summit<\/strong> will also take place as part of the event on 13-16 October. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The IEEE\/RSJ International Conference on Intelligent Robots and Systems (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/iros2024-abudhabi.org\/\" style=\"\" rel=\"noopener\">IROS 2024<\/a><\/strong><strong>) <\/strong><strong>will take place between 14-18 October at Adnec Center Abu Dhabi<\/strong> \u2014 its first time in the Middle East. Hosted by Khalifa University of Science and Technology, the annual robotics conference will be attended by researchers, academics, and global industry professionals.<\/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:\/\/superbridgedubai.com\/\" style=\"\" rel=\"noopener\">SuperBridge Summit<\/a><\/strong><strong> will be held on 15-16 October at One Za\u2019abeel in <\/strong><strong>Dubai<\/strong>. Organized by the Dubai World Trade Center and Gitex, the event will gather business leaders, investors, and policymakers from Asia, Latin America, and the Middle East to discuss AI, innovation, and manufacturing in emerging markets. <\/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:\/\/ai-linguisticsconference.com\/?gad_source=1&amp;gclid=Cj0KCQjw6oi4BhD1ARIsAL6pox1r1P5EnPc6F5y27t8VMyND7ShMKg7fqflcSvmZTfi7YxtFLLsAXO8aAqn-EALw_wcB\" style=\"\" rel=\"noopener\">Sharjah International Conference on AI &amp; Linguistics<\/a><\/strong><strong> will take place<\/strong><strong> on 17-18 <\/strong><strong>October <\/strong>at the American University of Sharjah. The event will discuss and promote the integration of AI in linguistics.<\/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.instagram.com\/worldbiohacksummit\/?hl=en\" style=\"\" rel=\"noopener\">World Biohack Summit 2024<\/a><\/strong><strong> will take place on 18-19 October <\/strong>at the JW Marriott Hotel Marina in Dubai. The event aims to highlight innovations shaping the future of human potential, focusing on longevity, peak performance, age reversal, recovery, and mental health.<\/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:\/\/thealtaconferences.com\/dubai-leasing\" style=\"\" rel=\"noopener\">Lease Conference Dubai 2024<\/a><\/strong><strong> will take place on 13-14 November<\/strong> at the Jumeirah Creekside Hotel. The event will bring together key players in the leasing industry \u2014 including lessors, suppliers, investors and bankers, and regulators \u2014 across the Middle East and Africa to discuss developments in the sector.<\/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.ipscongress.com\/\" style=\"\" rel=\"noopener\">21st edition of the international property sales (IPS) Congr<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ipscongress.com\/\" style=\"\" rel=\"noopener\">ess<\/a><\/strong><strong> will take place on 14-16 April<\/strong><strong>, 2025<\/strong> at the Dubai World Trade Center. The event aims to facilitate networking in the real estate sector and features knowledge-sharing sessions focused on the latest trends and technologies in construction and property design.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-holding\/\">Dubai Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo\/\">IPO<\/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\/war-watch\/\">War Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96614\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/43010.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20607.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Rise every day<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/43009.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20617.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96615\" 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=\"96615\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/abu-dhabis-sovereign-wealth-capital-makes-it-the-richest-city-in-the-world\/\">\r\n                            Abu Dhabi\u2019s sovereign wealth capital makes it the richest city in the world                        <\/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\/10\/09\/abu-dhabis-sovereign-wealth-capital-makes-it-the-richest-city-in-the-world\/\" 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\/10\/09\/abu-dhabis-sovereign-wealth-capital-makes-it-the-richest-city-in-the-world\/')\">\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\/10\/09\/abu-dhabis-sovereign-wealth-capital-makes-it-the-richest-city-in-the-world\/\">\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=Abu Dhabi\u2019s sovereign wealth capital makes it the richest city in the world&url=https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/abu-dhabis-sovereign-wealth-capital-makes-it-the-richest-city-in-the-world\/\">\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\/10\/09\/abu-dhabis-sovereign-wealth-capital-makes-it-the-richest-city-in-the-world\/&title=Abu Dhabi\u2019s sovereign wealth capital makes it the richest city in the world\">\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=Abu+Dhabi%E2%80%99s+sovereign+wealth+capital+makes+it+the+richest+city+in+the+world+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F10%2F09%2Fabu-dhabis-sovereign-wealth-capital-makes-it-the-richest-city-in-the-world%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\/10\/09\/abu-dhabis-sovereign-wealth-capital-makes-it-the-richest-city-in-the-world\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/683.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96616\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/abu-dhabis-sovereign-wealth-capital-makes-it-the-richest-city-in-the-world\/683-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/683.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"683.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/683.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/683.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96615\" class=\"content-area-description single-story post-96615 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-abu-dhabi-investment-authority tag-adfd tag-adq tag-enterpriseam-uae tag-investment tag-investment-watch tag-mubadala 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\/10\/.d3889a29-1c87-4d27-b56e-d17756bf2441.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Abu Dhabi is now the world's richest city in terms of capital managed by its <\/strong><strong style=\"background-color: transparent;\">sovereign wealth funds (SWFs)<\/strong><span style=\"background-color: transparent;\">, with assets amounting to USD 1.7 tn, according to a report by <\/span><a target=\"_blank\" href=\"https:\/\/globalswf.com\/reports\/abudhabiinc#abu-dhabi-inc-1\" rel=\"noopener\">Global SWF<\/a><span style=\"background-color: transparent;\">. This positions Abu Dhabi ahead of other major cities such as Oslo, Beijing, and Singapore for the first time.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breakdown of assets:<\/strong> The USD 1.7 tn includes assets from several key entities, including the Abu Dhabi Investment Authority (<a target=\"_blank\" href=\"https:\/\/www.adia.ae\/\" style=\"\" rel=\"noopener\">Adia<\/a>), <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/\" style=\"\" rel=\"noopener\">Mubadala<\/a> (which encompasses Adic and Mubadala Capital), the Abu Dhabi Developmental Holding Company (<a target=\"_blank\" href=\"https:\/\/www.adq.ae\/\" style=\"\" rel=\"noopener\">ADQ<\/a>), the Abu Dhabi Fund for Development (<a target=\"_blank\" href=\"https:\/\/www.adfd.ae\/\" style=\"\" rel=\"noopener\">ADFD<\/a>), <a target=\"_blank\" href=\"https:\/\/www.tawazun.gov.ae\/ar\/\" style=\"\" rel=\"noopener\">Tawazun<\/a> (including defense conglomerate <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/\" style=\"\" rel=\"noopener\">Edge<\/a>), and the Emirates Investment Authority (<a target=\"_blank\" href=\"https:\/\/www.eia.gov.ae\/\" style=\"\" rel=\"noopener\">EIA<\/a>). The capital managed by Abu Dhabi\u2019s royal private offices is also estimated at USD 344 bn, although this is not included in the USD 1.7 tn assets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi also leads in human capital, <\/strong>employing 3.1k individuals across its SWFs, surpassing Singapore, Riyadh, Kuala Lumpur, and Dubai, which each employ over 1k staff. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investment activity:<\/strong> In the first three quarters of 2024, Adia, Mubadala, and ADQ made investments worth a total of USD 36 bn globally. This accounted for two-thirds of the total investments made by all Gulf SWFs and represented 26% of global SWF investments during that period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sector breakdown: <\/strong>Capital was deployed into financials (20%), infrastructure (19%), real estate (17%), and in energy (17%). About one-sixth of these investments have historically been domestic, with significant allocations to markets such as the US, UK, Spain, India, and China \u2014 though the report did not clarify a time period for this figure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>GCC sovereign wealth funds invested USD 55 bn across 126 transactions <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/827744ca-b3f4-47b4-b7c2-a73acc92090b\/gcc-sovereign-wealth-funds-accounted-for-40%2525-of-global-sovereign-investments-in-9m-2024\" style=\"\" rel=\"noopener\">in the first nine months of 2024<\/a>. Key contributors to these investments include the Public Investment Fund, Adia, ADQ, Mubadala, and the Qatar Investment Authority, collectively known as the \u201cOil Five.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Future projections:<\/strong> Global SWF sees Abu Dhabi\u2019s assets under management rising to USD 2.3 tn by 2030, with total public capital reaching approximately USD 3.4 tn. This growth is expected to be supported by sustained high oil prices and projected fiscal surpluses estimated at around USD 60 bn over the next two years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai's status:<\/strong> Dubai ranks as the fifth richest city in the Mena region in terms of sovereign wealth fund capital, managing approximately USD 490 bn through entities such as the Investment Corporation of Dubai and the Dubai Investment Fund.<\/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\/abu-dhabi-investment-authority\/\">Abu Dhabi Investment Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adfd\/\">ADFD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adq\/\">ADQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96617\" 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=\"96617\">\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\">BUDGET WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/uae-cabinet-approves-record-aed-71-5-bn-2025-budget\/\">\r\n                            UAE cabinet approves record AED 71.5 bn 2025 budget                        <\/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\/10\/09\/uae-cabinet-approves-record-aed-71-5-bn-2025-budget\/\" 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\/10\/09\/uae-cabinet-approves-record-aed-71-5-bn-2025-budget\/')\">\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\/10\/09\/uae-cabinet-approves-record-aed-71-5-bn-2025-budget\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE cabinet approves record AED 71.5 bn 2025 budget&url=https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/uae-cabinet-approves-record-aed-71-5-bn-2025-budget\/\">\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\/10\/09\/uae-cabinet-approves-record-aed-71-5-bn-2025-budget\/&title=UAE cabinet approves record AED 71.5 bn 2025 budget\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE+cabinet+approves+record+AED+71.5+bn+2025+budget+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F10%2F09%2Fuae-cabinet-approves-record-aed-71-5-bn-2025-budget%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\/10\/09\/uae-cabinet-approves-record-aed-71-5-bn-2025-budget\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/391.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96618\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/uae-cabinet-approves-record-aed-71-5-bn-2025-budget\/391-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/391.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"391.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/391.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/391.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96617\" class=\"content-area-description single-story post-96617 post type-post status-publish format-standard has-post-thumbnail hentry category-budget-watch tag-budget-watch tag-cabinet-watch tag-economy tag-enterpriseam-uae 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\/10\/.50d31e3f-d180-4255-a0a1-af7ba8a64e84.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE cabinet gives green light to largest-ever budget: <\/strong>The cabinet approved an AED 71.5 bn budget for the country in 2025, making it the largest in the UAE\u2019s history, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b5kvzh9-uae-cabinet-approves-federal-budget-for-fiscal\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The final spending plan sets out a 12% y-o-y increase in expenditure compared to 2024\u2019s budget of <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/3um58p-federal-general-budget-2024-approved-estimated\" style=\"\" rel=\"noopener\">AED 64.06 bn<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Revenues expected to grow: <\/strong>The government expects revenues to total AED 71.5 bn in 2025, up 9% y-o-y, and signaling a balanced budget, with revenues equating to expenditures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Public and higher education will dominate social development and pension spending<\/strong>, comprising 15.3% of the budget, while healthcare and community prevention services and pensions will account for 8% each. Some 5.2% will go towards social affairs, and 2.5% for public services. <\/p>\n<p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; line-height: 1.15;\"><span style=\"font-weight: 600;\">Here\u2019s how the rest of the numbers break down:<\/span><\/p>\n<ul>\n<li>Infrastructure and economic affairs: 3.6%<\/li>\n<li>Financial investments: 4%<\/li>\n<li>Other federal expenditures: 17.7%<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The government approved a federal budget of AED 192 bn for 2024-2026 in October 2023.&nbsp;<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/budget-watch\/\">BUDGET WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/cabinet-watch\/\">CABINET WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96619 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"96619\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/96619-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96619\" class=\"content-area-description single-story post-96619 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1087.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96620\" 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=\"96620\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/modon-and-candy-capital-set-up-jv-to-develop-luxury-real-estate-in-mena\/\">\r\n                            Modon and Candy Capital set up JV to develop luxury real estate in MENA                        <\/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\/10\/09\/modon-and-candy-capital-set-up-jv-to-develop-luxury-real-estate-in-mena\/\" 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\/10\/09\/modon-and-candy-capital-set-up-jv-to-develop-luxury-real-estate-in-mena\/')\">\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\/10\/09\/modon-and-candy-capital-set-up-jv-to-develop-luxury-real-estate-in-mena\/\">\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=Modon and Candy Capital set up JV to develop luxury real estate in MENA&url=https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/modon-and-candy-capital-set-up-jv-to-develop-luxury-real-estate-in-mena\/\">\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\/10\/09\/modon-and-candy-capital-set-up-jv-to-develop-luxury-real-estate-in-mena\/&title=Modon and Candy Capital set up JV to develop luxury real estate in MENA\">\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=Modon+and+Candy+Capital+set+up+JV+to+develop+luxury+real+estate+in+MENA+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F10%2F09%2Fmodon-and-candy-capital-set-up-jv-to-develop-luxury-real-estate-in-mena%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\/10\/09\/modon-and-candy-capital-set-up-jv-to-develop-luxury-real-estate-in-mena\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/681.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96621\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/modon-and-candy-capital-set-up-jv-to-develop-luxury-real-estate-in-mena\/681-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/681.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"681.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/681.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/681.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96620\" class=\"content-area-description single-story post-96620 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-enterpriseam-uae tag-investment tag-investment-watch tag-modon tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.fbc61823-48ba-46fe-80b3-d950c8df4926.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi-based real estate developer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/modon.com\/about-us\" style=\"\" rel=\"noopener\">Modon<\/a><\/strong><strong> formed a JV with British tycoon <\/strong><strong>Nick Candy\u2019s family <\/strong><strong>office <\/strong><strong><a target=\"_blank\" href=\"https:\/\/candycapital.com\/\" style=\"\" rel=\"noopener\">Candy Capital<\/a><\/strong> <strong> to develop projects in the Mena region<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/modon-and-candy-capital-announce-strategic-joint-venture-partnership-in-the-uber-luxury-real-estate-sector-vc2sdf0z\" style=\"\" rel=\"noopener\">press release<\/a>. The JV will focus on developing homes, while also looking at offices and hotels, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-08\/nick-candy-vows-to-outdo-uae-developers-with-ultra-luxury-homes?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The new entity will mainly build on Modon\u2019s existing pipeline and Candy-owned sites. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details are scant: <\/strong>The JV\u2019s work will mark the largest development Candy has been involved in since his luxury development in London, One Hyde Park, Candy told Bloomberg, without disclosing details on the exact projects or their locations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Modon is already working with the Candy family on the USD 35 bn Ras El Hekma megaproject in Egypt. <\/strong>The Emirati developer was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0126828b-cefb-47f2-99e2-f21420679026\/\" style=\"\" rel=\"noopener\">recently appointed<\/a> as the master developer for the project, and has signed an MoU with Candy International to look into developing luxury real estate. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Candy believes the UAE is a rising power in luxury real estate<\/strong>, as the country continues to attract m\u2019naires with low taxes and crime rates and modern infrastructure, he told Bloomberg. He also hinted that there is room for better luxury real estate in the region, saying that some are nothing more than \u201cmid-market house builder quality.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Modon\u2019s UAE pipeline is packed:<\/strong> The company is currently working on several projects in Hudayriat and Reem Islands in Abu Dhabi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Candy Capital: <\/strong>Founded in 2014 by Nick Candy and his brother, the privately-held family office invests in real estate, interior design, fintech, and digital media, as well as a number of other sectors.<\/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\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/modon\/\">Modon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96622\" 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=\"96622\">\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\">Banking<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/uaes-banking-sentiment-fell-13-y-o-y-in-2023-on-complaints-of-customer-service-operational-issues\/\">\r\n                            UAE\u2019s banking sentiment fell 13% y-o-y in 2023 on complaints of customer service, operational issues                        <\/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\/10\/09\/uaes-banking-sentiment-fell-13-y-o-y-in-2023-on-complaints-of-customer-service-operational-issues\/\" 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\/10\/09\/uaes-banking-sentiment-fell-13-y-o-y-in-2023-on-complaints-of-customer-service-operational-issues\/')\">\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\/10\/09\/uaes-banking-sentiment-fell-13-y-o-y-in-2023-on-complaints-of-customer-service-operational-issues\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE\u2019s banking sentiment fell 13% y-o-y in 2023 on complaints of customer service, operational issues&url=https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/uaes-banking-sentiment-fell-13-y-o-y-in-2023-on-complaints-of-customer-service-operational-issues\/\">\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\/10\/09\/uaes-banking-sentiment-fell-13-y-o-y-in-2023-on-complaints-of-customer-service-operational-issues\/&title=UAE\u2019s banking sentiment fell 13% y-o-y in 2023 on complaints of customer service, operational issues\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE%E2%80%99s+banking+sentiment+fell+13%25+y-o-y+in+2023+on+complaints+of+customer+service%2C+operational+issues+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F10%2F09%2Fuaes-banking-sentiment-fell-13-y-o-y-in-2023-on-complaints-of-customer-service-operational-issues%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\/10\/09\/uaes-banking-sentiment-fell-13-y-o-y-in-2023-on-complaints-of-customer-service-operational-issues\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/679.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96623\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/uaes-banking-sentiment-fell-13-y-o-y-in-2023-on-complaints-of-customer-service-operational-issues\/679-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/679.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"679.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/679.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/679.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96622\" class=\"content-area-description single-story post-96622 post type-post status-publish format-standard has-post-thumbnail hentry category-banking tag-banking tag-enterpriseam-uae tag-tech 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\/10\/.2b835be2-9717-43b9-9ba7-b3f448dae3a9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The UAE\u2019s net banking sentiment \u2014 or the public perception of bank<\/strong><strong>s \u2014 took a 13% y-o-y hit in 2023<\/strong>, largely due to operational shortcomings, according to PwC's <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/613.pdf\" style=\"\" rel=\"noopener\">banking sentiment index report (pdf)<\/a>. Online chatter about UAE banks grew by 10.7% y-o-y, with 108k conversations reflecting an increasing dependence on social media for banking interactions. Abu Dhabi Islamic Bank led the share of voice, followed by Dubai Islamic Bank.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Customer service woes accounted for the greatest amount of complaints:<\/strong> Turnaround time accounted for 80.6% of customer service-related complaints. Customer service volume was 49.5%, with a net sentiment of -89.0% in 2023. Delays in response through traditional channels like email and call centers amplified frustrations, leading to customer perceptions of staff incompetency and a decline in service quality. Call centers continued to be the channel with the highest number of complaints, while mobile apps became the most favored and least criticized option.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The frequency of responses to priority mentions improved to just over half of responses going unanswered<\/strong>, down from 72% the previous year, according to the report. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Products were the second most discussed topic this year<\/strong>, with a significant increase in conversation volume and a more dominantly negative sentiment. The sentiment distribution remained unchanged from last year, at 17% positive and 83% negative, suggesting a simultaneous rise in both favorable inquiries and complaints about bank offerings, particularly regarding credit cards and loans. While demand for these products remains high, they are also frequent sources of customer dissatisfaction, with issues like card malfunctions and loan application challenges contributing to the negative sentiment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the bright side: <\/strong>Investment products had a positive sentiment of 25.4%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Digital security<\/strong><strong> issues are escalating as banks face a surge in fraud and scams, <\/strong>prompting calls for enhanced cybersecurity measures, as sentiment fell -86.9%. Customers are increasingly frustrated by fraudulent transactions and app downtimes that hinder transactions, worsened by inadequate support. Fraud reports increased by 5 percentage points y-o-y, the report said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Incumbent banks > digital in terms of sentiment: Incumbent banks accounted for over 90% of conversation on X and achieved a net sentiment score higher by 30.9 percentage points than digital banks, according to the report. This is largely due to customer service issues. <\/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\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96624\" 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=\"96624\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/the-uae-saw-134-funding-rounds-in-9m-2024-the-most-in-the-mena-region\/\">\r\n                            The UAE saw 134 funding rounds in 9M 2024, the most in the Mena region                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/the-uae-saw-134-funding-rounds-in-9m-2024-the-most-in-the-mena-region\/\" 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\/10\/09\/the-uae-saw-134-funding-rounds-in-9m-2024-the-most-in-the-mena-region\/')\">\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\/10\/09\/the-uae-saw-134-funding-rounds-in-9m-2024-the-most-in-the-mena-region\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The UAE saw 134 funding rounds in 9M 2024, the most in the Mena region&url=https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/the-uae-saw-134-funding-rounds-in-9m-2024-the-most-in-the-mena-region\/\">\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\/10\/09\/the-uae-saw-134-funding-rounds-in-9m-2024-the-most-in-the-mena-region\/&title=The UAE saw 134 funding rounds in 9M 2024, the most in the Mena region\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+UAE+saw+134+funding+rounds+in+9M+2024%2C+the+most+in+the+Mena+region+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F10%2F09%2Fthe-uae-saw-134-funding-rounds-in-9m-2024-the-most-in-the-mena-region%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\/10\/09\/the-uae-saw-134-funding-rounds-in-9m-2024-the-most-in-the-mena-region\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2182.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96625\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/the-uae-saw-134-funding-rounds-in-9m-2024-the-most-in-the-mena-region\/2182-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2182.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2182.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2182.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2182.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96624\" class=\"content-area-description single-story post-96624 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam-uae tag-investment tag-startup-watch tag-startups tag-venture-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.6d1e79e4-6196-4802-87ff-c2e25f772de1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE startups led the region in secured funding rounds<\/strong><strong> with a <\/strong><strong>total of 134 in the <\/strong><strong>first nine months of 2024,<\/strong> according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/595.pdf\" style=\"\" rel=\"noopener\">Magnitt's venture investment summary report (pdf)<\/a>. This accounted for 38% of all funding rounds in the Mena region, and marked a 12% y-o-y increase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE came in second in the Mena region and fourth across emerging markets in terms of value of funding<\/strong>, with USD 380 mn in funding during the period, down 18% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-based venture capital firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/plus.vc\/\" style=\"\" rel=\"noopener\">PlusVC<\/a><\/strong> <strong> emerged as the region\u2019s fourth largest investor<\/strong> in terms of the number of startups it provided funding for.<\/p>\n<p class=\"tag-border-left\">THE REGIONAL PICTURE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mena's venture capital market raised USD 1.32 bn,<\/strong> reflecting a 13% decline from the previous year. Despite this downturn, non-megadeal funding increased by 30% y-o-y, indicating sustained support for early-stage ventures. The region recorded a total of 352 investments, marking a slight 6% drop year-over-year, which outperformed other emerging markets like Africa and Southeast Asia, which saw declines of 42% and 28%, respectively. Emerging venture markets \u2014 including ones outside the region \u2014 witnessed a 45% y-o-y dip in funding, raising USD 4.9 bn in the first nine months of 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The number of investors in Mena rose by 34% to 386<\/strong>, with international investors leading the charge, accounting for 51% of all investors in the region for the first time in over five years. Exits declined by 50% with 17 recorded exits across the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fintech remained dominant, securing approximately USD 480 mn in investments <\/strong>and capturing 37% of total funding in Mena. E-commerce and retail experienced declines in funding, while there was renewed interest in enterprise software as well as transport and logistics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could 2024 end on a high note? <\/strong>\u201cWith global trends pointing towards lower interest rates and an uptick in investment activity, Q4 2024 will be a crucial period. All eyes are on whether we can exceed last year\u2019s performance,\u201d said Magnitt CEO Philip Bahoshy.<\/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\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/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=\"96626\" 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=\"96626\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/revolut-taps-ceo-for-uae-office-skadden-appoints-new-head-of-abu-dhabi-office\/\">\r\n                            Skadden, Greenberg Traurig, and Revolut appoint key leaders in UAE                        <\/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\/10\/09\/revolut-taps-ceo-for-uae-office-skadden-appoints-new-head-of-abu-dhabi-office\/\" 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\/10\/09\/revolut-taps-ceo-for-uae-office-skadden-appoints-new-head-of-abu-dhabi-office\/')\">\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\/10\/09\/revolut-taps-ceo-for-uae-office-skadden-appoints-new-head-of-abu-dhabi-office\/\">\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=Revolut taps CEO for UAE office + Skadden appoints new head of Abu Dhabi office&url=https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/revolut-taps-ceo-for-uae-office-skadden-appoints-new-head-of-abu-dhabi-office\/\">\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\/10\/09\/revolut-taps-ceo-for-uae-office-skadden-appoints-new-head-of-abu-dhabi-office\/&title=Revolut taps CEO for UAE office + Skadden appoints new head of Abu Dhabi office\">\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=Revolut+taps+CEO+for+UAE+office+%2B+Skadden+appoints+new+head+of+Abu+Dhabi+office+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F10%2F09%2Frevolut-taps-ceo-for-uae-office-skadden-appoints-new-head-of-abu-dhabi-office%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\/10\/09\/revolut-taps-ceo-for-uae-office-skadden-appoints-new-head-of-abu-dhabi-office\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/628.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96627\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/revolut-taps-ceo-for-uae-office-skadden-appoints-new-head-of-abu-dhabi-office\/628-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/628.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"628.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/628.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/628.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96626\" class=\"content-area-description single-story post-96626 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-uae tag-moves tag-revolut 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\/10\/.2e95541a-affd-4796-9536-09c7beb45e92.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> Global neobank and financial technology company<strong> Revolut, <\/strong>appointed<strong> Ambareen Musa <\/strong><strong>(<\/strong><strong><a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/ambareenmusa?trk=public_post_feed-actor-name\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) as the CEO of its UAE office, <\/strong>according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/ambareenmusa_revolut-all-in-one-finance-app-for-your-activity-7247193982424760321-H7mu\/\" style=\"\" rel=\"noopener\">Linkedin post<\/a> <strong>.<\/strong> Musa has years of experience in the fintech sector, including as the founder and CEO of <a target=\"_blank\" href=\"https:\/\/yabimoney.com\/\" style=\"\" rel=\"noopener\">Yabi<\/a>, a financial education platform. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> <a target=\"_blank\" href=\"https:\/\/www.revolut.com\/\" style=\"\" rel=\"noopener\">Revolut<\/a> has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8c63cdc4-1dcc-421c-b6f0-447cd055337e\" style=\"\" rel=\"noopener\">filed for licenses<\/a> to become an electronic-money institution and offer remittances in the UAE, an initial step it\u2019s taking ahead of applying for a full banking license. Abu Dhabi sovereign wealth fund Mubadala also acquired a stake in the fintech as part of the USD 500 mn share sale in August, which valued the company at USD 45 bn. <\/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\">New York-based law firm <strong><a target=\"_blank\" href=\"https:\/\/www.skadden.com\/\" style=\"\" rel=\"noopener\">Skadden<\/a><\/strong><strong> appointed Michael Hilto<\/strong>n (<a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/michaelhiltonfbd\" style=\"\" rel=\"noopener\">Lin<\/a><a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/michaelhiltonfbd\" style=\"\" rel=\"noopener\">kedIn<\/a>) as the <strong>head <\/strong><strong>of its new office in Abu Dhabi<\/strong>, its first in the Middle East, <a target=\"_blank\" href=\"https:\/\/www.law-middleeast.com\/skadden-to-open-first-middle-east-office-in-abu-dhabi\/\" style=\"\" rel=\"noopener\">Law Middle East<\/a> reports. A specialist in corporate law, Hilton previously worked as regional managing partner at <a target=\"_blank\" href=\"https:\/\/www.freshfields.com\/\" style=\"\" rel=\"noopener\">Freshfields Bruckhaus Deringer<\/a>, a position he held since July 2022. He spent nearly 24 years at Freshfields, including the last decade as a partner in the mergers and acquisitions team based in Dubai and Abu Dhabi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Global law firm <strong><a target=\"_blank\" href=\"https:\/\/www.gtlaw.com\/en\/\" style=\"\" rel=\"noopener\">Greenberg Traurig<\/a><\/strong> has expanded its International Arbitration & Litigation Practice with the addition of<strong> Nassif BouMalhab (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/ae.linkedin.com\/in\/nassif-boumalhab-a4928524\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) as a shareholder in its UAE office<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.gtlaw.com\/en\/news\/2024\/10\/press-releases\/greenberg-traurig-adds-top-tier-international-arbitration-lawyer-nassif-boumalhab-in-uae-location\" style=\"\" rel=\"noopener\">press release<\/a>. BouMalhab joins the firm from <a target=\"_blank\" href=\"https:\/\/www.clydeco.com\/en\" style=\"\" rel=\"noopener\">Clyde & Co<\/a>, where he was a partner and led the Middle East arbitration group. <\/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\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/revolut\/\">Revolut<\/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=\"96628\" 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=\"96628\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/nmdc-energy-lands-aed-5-05-bn-contract-with-modon-holding\/\">\r\n                            NMDC Energy lands AED 5.05 bn contract with Modon Holding                        <\/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\/10\/09\/nmdc-energy-lands-aed-5-05-bn-contract-with-modon-holding\/\" 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\/10\/09\/nmdc-energy-lands-aed-5-05-bn-contract-with-modon-holding\/')\">\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\/10\/09\/nmdc-energy-lands-aed-5-05-bn-contract-with-modon-holding\/\">\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 lands AED 5.05 bn contract with Modon Holding&url=https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/nmdc-energy-lands-aed-5-05-bn-contract-with-modon-holding\/\">\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\/10\/09\/nmdc-energy-lands-aed-5-05-bn-contract-with-modon-holding\/&title=NMDC Energy lands AED 5.05 bn contract with Modon Holding\">\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=NMDC+Energy+lands+AED+5.05+bn+contract+with+Modon+Holding+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F10%2F09%2Fnmdc-energy-lands-aed-5-05-bn-contract-with-modon-holding%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\/10\/09\/nmdc-energy-lands-aed-5-05-bn-contract-with-modon-holding\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/676.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96629\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/nmdc-energy-lands-aed-5-05-bn-contract-with-modon-holding\/676-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/676.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"676.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/676.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/676.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96628\" class=\"content-area-description single-story post-96628 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi-fund-for-development tag-abu-dhabi-investment-office tag-also-on-our-radar tag-artificial-intelligence tag-banking tag-business tag-capital-markets tag-dubai-international-chamber tag-energy tag-enterpriseam-uae tag-healthcare tag-hsbc tag-investment tag-logistics tag-modon tag-nmdc-energy tag-sharjah-executive-council tag-sports tag-transport tag-uae-serbia-relations tag-union-insurance tag-who 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\/10\/.de6e60aa-daaa-4a58-a0a7-5ebee25308ea.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\"> ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>NMDC\u2019s ADX-listed EPC unit <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nmdc-energy.com\/en\/ipo\/our-business\/\" style=\"\" rel=\"noopener\">NMDC Energy<\/a><\/strong> <strong> secured an AED 5.05 bn contract from<\/strong><strong> state-backed developer <\/strong><strong>Modon Holding<\/strong> for marine dredging, reclamation and ground improvement works in Abu Dhabi, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/646.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. No further details on the project were disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background<\/strong><strong>: <\/strong>NMDC <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ca6baeb7-98f6-4b31-a5fd-64b4830af625\" style=\"\" rel=\"noopener\">has several projects<\/a> in the pipeline across the GCC, with a backlog of AED 54 bn of projects as of the end of August. This includes a USD 254.6 mn contract with Adnoc to establish a new gas pipeline and its associated facilities. The company will also establish a USD 100 mn fabrication manufacturing facility in Abu Dhabi\u2019s Khalifa Economic Zone (Kezad). The company\u2019s EPC unit, NMDC Energy, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d249b230-b142-40e5-8d16-cbc92815bf6e\" style=\"\" rel=\"noopener\">raised AED 3.22 bn<\/a> from its IPO on the ADX last month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi investment promotion agency The Abu Dhabi Investment Office (ADIO) <\/strong><strong>has chosen HSBC as its banking partner in Asia<\/strong>, covering outbound and inbound investments and encouraging HSBC\u2019s clients in the continent to set up shop in the capital, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/abu-dhabi-investment-office-names-hsbc-as-preferred-international-banking-partner-in-asia-qvn8qyfb\" style=\"\" rel=\"noopener\">press release<\/a>. The two sides will organize events to promote investment prospects in Abu Dhabi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HSBC will also help connect ADIO with business in Europe, the UK, and the Americas<\/strong>, the statement 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\">TRANSPORT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi, Al Ain, and Al Dhafra will get taxi meter verification services at select <\/strong><strong>locations before the end of this year<\/strong> under a new partnership between Abu Dhabi\u2019s Integrated Transport Centre (Abu Dhabi Mobility), Abu Dhabi Quality and Conformity Council (QCC), and Adnoc Distribution, according to a <a target=\"_blank\" href=\"https:\/\/admobility.gov.ae\/en\/news\/taxi-meter-verification\" style=\"\" rel=\"noopener\">statement<\/a> from 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\">BUSINESS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Chambers inked an MoU with Serbia\u2019s Chamber of Commerce and Industry to <\/strong><strong>facilitate cross-border cooperation between businesses<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/october\/08-10\/dubai-international-chamber-arranges-business-meetings-in-belgrade\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The partnership will see both work together on arranging trade missions, conferences, and business events. This came during a Dubai trade mission in Serbia, which included 13 private sector companies from sectors like electronics, food and beverages, IT, and energy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Sharjah Executive Council greenlit the establishment of the Sharjah Healthy Cities <\/strong><strong>Network <\/strong>in the first initiative of its kind in the region, <a target=\"_blank\" href=\"https:\/\/sharjah24.ae\/en\/Articles\/2024\/10\/08\/aa13\" style=\"\" rel=\"noopener\">Sharjah 24<\/a> reports. The network aims to enhance collaboration in implementing health and well-being policies across the emirate in line with the World Health Organization's <a target=\"_blank\" href=\"https:\/\/www.who.int\/teams\/health-promotion\/enhanced-wellbeing\/ninth-global-conference\/healthy-cities\" style=\"\" rel=\"noopener\">Healthy Cities program<\/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\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Abu Dhabi Fund for Development pledged a AED 370 mn investment to s<\/strong><strong>upport Jordan\u2019s efforts in digitizing its healthcare sector<\/strong>, according to the fund\u2019s <a target=\"_blank\" href=\"https:\/\/www.adfd.ae\/en\/media-center\/news\/coinciding-with-presidents-visit-to-jordan-adfd-announces-funding-for-jordans-digital\" style=\"\" rel=\"noopener\">press release<\/a>. The initiative will see the deployment of an integrated system for health information management, in addition to establishing an advanced virtual hospital, which will act as a hub for peripheral hospitals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> State-run big data analytics firm Presight was tapped by Jordan\u2019s Digital Economy and Entrepreneurship Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9bdb72cf-612e-46dd-8621-20fb1d25cd9a\/%253cmark%253epresight%253c%2Fmark%253e-tapped-by-jordan-to-digitize-its-healthcare-sector\" style=\"\" rel=\"noopener\">last month<\/a> to support the digitalization of the country\u2019s healthcare sector.<\/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\">UTILITIES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>InfraX, Dicode set to facilitate gas companies\u2019 migration to smart meters:<\/strong> Dubai Electricity and Water Authority\u2019s IT arm <a target=\"_blank\" href=\"https:\/\/www.infrax.ae\/en\/AboutUs\" style=\"\" rel=\"noopener\">InfraX<\/a> partnered with IT services company <a target=\"_blank\" href=\"https:\/\/dicodetechnologies.com\/\" style=\"\" rel=\"noopener\">Dicode<\/a> to help gas companies replace analog meters with smart meters, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/dicode-technologies-announces-partnership-with-digital-dewas-infrax-y578k8ze\" style=\"\" rel=\"noopener\">press release<\/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\"> LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Sharjah International Airport onboarded UPS Global, which will now operate four <\/strong><strong>weekly cargo flights<\/strong> to various destinations worldwide, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/b5kvs3r-%D9%85%D8%B7%D8%A7%D8%B1-%D8%A7%D9%84%D8%B4%D8%A7%D8%B1%D9%82%D8%A9-%D9%8A%D8%B9%D8%B2%D8%B2-%D8%B9%D9%85%D9%84%D9%8A%D8%A7%D8%AA%D9%87-%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%B4%D8%AD%D9%86-%D8%A8%D8%A7%D9%86%D8%B6%D9%85%D8%A7%D9%85-ups\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Italy\u2019s Raccortubi opens a warehouse in Sharjah: <\/strong>Italian steel supplier <a target=\"_blank\" href=\"https:\/\/www.raccortubi.com\/en\/\" style=\"\" rel=\"noopener\">Raccortubi<\/a>, a subsidiary of <a target=\"_blank\" href=\"https:\/\/www.commercialetubiacciaio.it\/\" style=\"\" rel=\"noopener\">Commerciale Tubi Acciaio<\/a>, inaugurated a AED 25 mn warehouse in Sharjah\u2019s Hamriyah Freezone to support oil and gas projects in the region, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b5kvzw1-italy%E2%80%99s-raccortubi-spa-invests-aed25-million\" 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\"> INS.-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fitch Ratings assigned the UAE-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.unioninsurance.ae\/\" style=\"\" rel=\"noopener\">Union ins.<\/a><\/strong><strong> a first-time ins. f<\/strong><strong>inancial <\/strong><strong>strength rating of BBB with a positive outlook<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.fitchratings.com\/research\/insurance\/fitch-assigns-union-insurance-first-time-bbb-ifs-rating-outlook-positive-26-09-2024\" style=\"\" rel=\"noopener\">statement<\/a> from the credit rating agency. The company\u2019s improved financial performance after discontinuing several unprofitable lines of business, in addition to strong capitalization and reins. protection underpinned Fitch\u2019s rating. The agency expects Union\u2019s profitability to further improve over the next 18 to 24 months. <\/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\/abu-dhabi-fund-for-development\/\">Abu Dhabi Fund for Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-office\/\">Abu Dhabi Investment Office<\/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\/artificial-intelligence\/\">artificial intelligence<\/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\/business\/\">business<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-international-chamber\/\">Dubai International Chamber<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hsbc\/\">HSBC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/modon\/\">Modon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nmdc-energy\/\">NMDC Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah-executive-council\/\">Sharjah Executive Council<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sports\/\">Sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-serbia-relations\/\">UAE-Serbia relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/union-insurance\/\">Union Insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/who\/\">WHO<\/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=\"96630\" 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=\"96630\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/faced-with-a-lack-of-clarity-on-stimulus-package-chinese-equity-boom-stumbles\/\">\r\n                            Faced with a lack of clarity on stimulus package, Chinese equity boom stumbles                        <\/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\/10\/09\/faced-with-a-lack-of-clarity-on-stimulus-package-chinese-equity-boom-stumbles\/\" 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\/10\/09\/faced-with-a-lack-of-clarity-on-stimulus-package-chinese-equity-boom-stumbles\/')\">\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\/10\/09\/faced-with-a-lack-of-clarity-on-stimulus-package-chinese-equity-boom-stumbles\/\">\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=Faced with a lack of clarity on stimulus package, Chinese equity boom stumbles&url=https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/faced-with-a-lack-of-clarity-on-stimulus-package-chinese-equity-boom-stumbles\/\">\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\/10\/09\/faced-with-a-lack-of-clarity-on-stimulus-package-chinese-equity-boom-stumbles\/&title=Faced with a lack of clarity on stimulus package, Chinese equity boom stumbles\">\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=Faced+with+a+lack+of+clarity+on+stimulus+package%2C+Chinese+equity+boom+stumbles+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F10%2F09%2Ffaced-with-a-lack-of-clarity-on-stimulus-package-chinese-equity-boom-stumbles%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\/10\/09\/faced-with-a-lack-of-clarity-on-stimulus-package-chinese-equity-boom-stumbles\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/671.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96631\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/faced-with-a-lack-of-clarity-on-stimulus-package-chinese-equity-boom-stumbles\/671-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/671.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"671.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/671.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/671.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96630\" class=\"content-area-description single-story post-96630 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.38cefbe9-231e-460f-98ce-41c185b76932.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China\u2019s stock rally slows as investors await more details on stimulus plans:<\/strong> Chinese officials speaking at a press conference expected to unveil details of its planned stimulus package failed to deliver the bold measures investors had hoped for, throwing a wrench in the country\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9c9a0cb8-a4b7-44d7-8de9-efd98ec579f1\/china%25e2%2580%2599s-stock-market-is-now-in-bull-territory-as%253cmark%253e-stimulus%253c%2Fmark%253e-package-drives-extended-rally\" style=\"\" rel=\"noopener\">equity rally<\/a>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/asia\/china-markets-reopen-with-roar-after-week-long-break-2024-10-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The country\u2019s markets had initially opened strong following the country\u2019s Golden-Week Holiday, climbing to their highest levels in over two years. Policymakers had announced last month the largest stimulus package since the pandemic late last month in a bid to kickstart the economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the index: <\/strong>The Shanghai Composite closed 4.6% higher, while blue-chip CS1300 gained 5.9% as both benchmarks rolled back some of the double-digit gains seen earlier in the day. Meanwhile, Hong Kong\u2019s Hang Seng Index fell 9.4%, marking its worst single-day drop since 2008 after raking massive gains in recent weeks, the newswire said. The exchange\u2019s mainland properties subindex (HSMPI) recorded its largest-ever single-day drop, closing down 15.5%. However, analysts suggest the drop is in great part due to traders closing out their weekly gains.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Spillover: <\/strong>China-linked assets also took hits on the back of Tuesday\u2019s reset. Australia\u2019s AUD, the CNY, and iron ore were all in the red, Reuters said. Mining stocks and European luxury stocks also fell.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Stimulus details fell far short of what was hoped for:<\/strong> Economic planner chairman Zheng Shanje\u2019s announcement that some CNY 200 bn (USD 28.6 bn) were being reallocated from next year\u2019s budget to support projects and municipal government fell far short of what market watchers expected, the newswire said. Analysts had forecasted a fiscal package to the tune of CNY 3 tn (USD 425 bn), <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-08\/china-markets-warn-xi-that-more-stimulus-is-needed-to-fuel-rally?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The stimulus package outlined so far has been heavy on monetary easing, but the fiscal measures investors are waiting for have so far failed to materialize. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What investors are going to be looking for:<\/strong> \u201cUltimately for the rally to be sustainable, we need to see more fiscal policy and more measures to support the economy and the property market,\u201d Reuters cites managing director of investment strategy at OCBC in Singapore Vasu Menon as saying. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Next up:<\/strong> China\u2019s Finance Ministry is expected to make an announcement in upcoming days that may outline the fiscal shot in the arm everyone is waiting for. Morgan Stanley and HSBC Holdings have penciled in some CNY 2 tn in fiscal measures, with Citigroup citing a larger CNY 3 tn forecast. <\/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\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a mixed bag this morning<\/strong>, as Asian markets are just barely in the green in early trading, with Japan\u2019s Nikkei leading the pack. Meanwhile, futures indicate US equity markets are on track to open in the red. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\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\">9,259<\/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: -3.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,429<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8% (YTD: +9.1%)<\/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>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\">3,776<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.1% (YTD: -1.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.7% 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\">4.1% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,027<\/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\">+1.0% (YTD: +0.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">30,852<\/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\">-3.0% (YTD: +23.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P<\/strong> <strong>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\">5,751<\/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\">+1.0% (YTD: +20.6%)<\/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>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\">8,191<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.4% (YTD: +5.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,949<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +9.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 77.56<\/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>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 2.73<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,635<\/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%<\/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 62,364<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.1% (YTD: +47.4%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 1.2% yesterday<\/strong> on turnover of AED 1.17 bn. The index is down 3.3% 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>Abu Dhabi National Co. for Building Materials (+7.4%), Apex Investment (+6.9%) and Al Dar Properties (+6.2%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Aram Group (-9.9%), Ghitha Holding (-3.3%), and AD Ports (2.8%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index closed up 0.8% on turnover of AED 403.9 mn. Meanwhile Nasdaq Dubai closed down 1.7%.<\/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=\"96632\" 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=\"96632\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/dubai-crown-prince-explores-more-cooperation-with-kuwait-in-trade-defense-and-more\/\">\r\n                            Dubai crown prince explores more cooperation with Kuwait in trade, defense, and more                        <\/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\/10\/09\/dubai-crown-prince-explores-more-cooperation-with-kuwait-in-trade-defense-and-more\/\" 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\/10\/09\/dubai-crown-prince-explores-more-cooperation-with-kuwait-in-trade-defense-and-more\/')\">\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\/10\/09\/dubai-crown-prince-explores-more-cooperation-with-kuwait-in-trade-defense-and-more\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Dubai crown prince explores more cooperation with Kuwait in trade, defense, and more&url=https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/dubai-crown-prince-explores-more-cooperation-with-kuwait-in-trade-defense-and-more\/\">\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\/10\/09\/dubai-crown-prince-explores-more-cooperation-with-kuwait-in-trade-defense-and-more\/&title=Dubai crown prince explores more cooperation with Kuwait in trade, defense, and more\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Dubai+crown+prince+explores+more+cooperation+with+Kuwait+in+trade%2C+defense%2C+and+more+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F10%2F09%2Fdubai-crown-prince-explores-more-cooperation-with-kuwait-in-trade-defense-and-more%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\/10\/09\/dubai-crown-prince-explores-more-cooperation-with-kuwait-in-trade-defense-and-more\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/669.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"96633\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/dubai-crown-prince-explores-more-cooperation-with-kuwait-in-trade-defense-and-more\/669-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/669.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"669.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/669.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/669.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96632\" class=\"content-area-description single-story post-96632 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-uae tag-gcc tag-uae-kuwait-relations 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\/10\/.eb637a5c-9afc-481a-b611-e823e90171ac.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Crown Prince Sheikh Hamdan <\/strong><strong>bin Moham<\/strong><strong>med bin Rashid Al Maktoum met wit<\/strong><strong>h several Kuwaiti officials to discuss ramping up bilateral ties <\/strong>and cooperation in several sectors. The highlights from the visit: <\/p>\n<ul>\n<li>The crown prince discussed boosting cooperation in the <strong>military<\/strong> and <strong>defense<\/strong> sectors with Kuwait\u2019s First Deputy Prime Minister and Defense and Interior Minister Sheikh Fahad Yusuf Saud Al Saba, according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/october\/08-10\/hamdan-bin-mohammed-and-kuwait-deputy-prime-minister\" style=\"\" rel=\"noopener\">statement<\/a> ;<\/li>\n<li>He also met with Kuwaiti Crown Prince Sheikh Sabah Khaled Al Hamad Al Sabah to discuss <strong>cooperation<\/strong> in <strong>trade<\/strong>, <strong>tourism<\/strong>, <strong>economy<\/strong>, and <strong>investment<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b5kw04s-hamdan-bin-mohamed-meets-with-crown-prince-kuwait\" style=\"\" rel=\"noopener\">Wam<\/a> reports; <\/li>\n<li>and met with Kuwaiti Prime Minister Sheikh Ahmed Abdullah Al Ahmad Al Sabah to boost cooperation across several sectors, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b5kw04t-hamdan-bin-mohammed-kuwait%E2%80%99s-prime-minister\" style=\"\" rel=\"noopener\">Wam<\/a> reports separately. <\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-kuwait-relations\/\">UAE-Kuwait relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"96634\" 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\/10\/09\/96634-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-96634\" class=\"content-area-description single-story post-96634 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;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-11 October (Sunday-Friday): Dubai International Chamber to head out for a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/october\/02-10\/dubai-international-chamber-completes\" style=\"\">trade mission to Serbia and T\u00fcrkiye<\/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>7-9 October (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/accessabilitiesexpo.com\/\" style=\"\">AccessAbilities Expo<\/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>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>7-11 October (Monday-Friday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaichamber.com\/en\/sustainability-week\/\" style=\"\">Annual Dubai Chambers Sustainability Week 2024<\/a><\/span><span style=\"font-weight:400;\">, Dubai Chambers\u2019 Centre for Responsible Business, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-9 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/events.economist.com\/global-trade-week\/?RefID=ad_google_gts2024\" style=\"\">Global Trade and Supply Chain Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-10 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/b25n998-under-patronage-mansour-bin-zayed-inaugural-global\" style=\"\">The Global Rail Transport Infrastructure Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\"> (Global Rail), 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 October (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dcdf.ae\/about\" style=\"\">The Regional Data and Community Development Forum<\/a><\/span><span style=\"font-weight:400;\">, Al 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>10 October (Thursday): <\/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\/dxbapex500-summit-to-bring-173tln-in-global-wealth-to-dubai-nxblmp9f\" style=\"\">DXBAPEX500<\/a><\/span><span style=\"font-weight:400;\"> Summit and DIFC Workshop, Dubai International Financial Centre, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-13 October (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ijf.org\/competition\/2657\" style=\"\">The Abu Dhabi Grand Slam Judo tournament<\/a><\/span><span style=\"font-weight:400;\">, Mubadala Arena. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-13 October (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/cancercongress.ae\/\" style=\"\">Excellence in Oncology Care 2024<\/a><\/span><span>, Intercontinental Festival City, Dubai.<\/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>13-16 October (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/agcc.vc\/ai-challenge\" style=\"\">DMCCxAGCC: Global AI Challenge *Sustainability Edition<\/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>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>13-16 October (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fintechsurge.com\/\" style=\"\">Fintech Surge<\/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>13-16 October (Sunday-Wednesday):<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futureblockchainsummit.com\/\" style=\"\">Future Blockchain Summit<\/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>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>15-16 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/superbridgedubai.com\/\" style=\"\">SuperBridge Summit 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>18-19 October (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/worldbiohacksummit.com\/\" style=\"\">World Biohack Summit 2024<\/a><\/span><span style=\"font-weight:400;\">, JW Marriott, Dubai Marina.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-23 October (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iccacongress.org\/\" style=\"\">The 63rd International Congress and Convention Association (ICCA) Congress<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Centre, Abu Dhabi. <\/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>23-26 October (Tuesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/worldstrokecongress.org\/\" style=\"\">World Stroke Congress<\/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>24 October (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.coca-cola-arena.com\/motivational\/756\/the-game-changers-dubai-real-estate-summit\" style=\"\">Game Changers - Dubai Real Estate Summit<\/a><\/span><span style=\"font-weight:400;\">, Coca-Cola Arena, 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>27-30 October (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/2024.ieeeicip.org\/\" style=\"\">IEEE - International Conference on Image Processing<\/a><\/span><span>, 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>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>30-31 October: Sixth edition of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.binanceblockchainweek.com\/event\/b7fbe2af-9ab6-4bb2-b78b-486c4d1fa80f\" style=\"\">Binance Blockchain Week<\/a><\/span><span style=\"font-weight:400;\">, Coca-Cola Arena, 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 Duty free 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>6-8 November (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/amchamabudhabi.org\/uae-biotech-symposium\/\" style=\"\">UAE BioTech Symposium<\/a><\/span><span style=\"font-weight:400;\">, Masdar City, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-17 November (Friday- Sunday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sibf.com\/en\/content?id=10285\" style=\"\">Sharjah International Book Fair<\/a><\/span><span style=\"font-weight:400;\">, Expo Center Sharjah, Sharjah.<\/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>13-14 November (Wednesday-Thursday)<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/thealtaconferences.com\/dubai-leasing\" style=\"\">Lease Conference Dubai 2024<\/a><\/span><span>, Jumeirah Creekside Hotel, 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>22-24 November (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/guide.michelin.com\/ae-az\/en\" style=\"\">Michelin Guide Food Festival<\/a><\/span><span style=\"font-weight:400;\">, Emirates Palace Mandarin Oriental, Abu Dhabi.<\/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>26-27 November (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mediaoffice.ae\/ar\/news\/2024\/october\/03-10\/global-womens-forum-dubai-2024-to-be-held-on-26-and-27-november\" style=\"\">Global Women\u2019s Forum Dubai<\/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>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>28 November-1 December (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/race.spartan.com\/en\/races\/abu-dhabi\" style=\"\">Spartan World Championship<\/a><\/span><span style=\"font-weight:400;\">, Al Wathba Desert, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 November (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/x.com\/DubaiSC\/status\/1833512617115324786\" style=\"\">Football Legends Cup<\/a><\/span><span style=\"font-weight:400;\">, Al Maktoum Stadium Al Nasr Sports Club, 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 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>9-12 December (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adnec.ae\/en\/eventlisting\/world-conference-on-desalination-and-water-re-use-2024\" style=\"\">World Conference on Desalination and Water Re-use 2024<\/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-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/icdm2024.org\/\" style=\"\">IEEE International Conference on Data Mining 2024<\/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>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>16-20 December (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aimsconference.org\/\" style=\"\">AIMS Conference 2024<\/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>6 December-12 January: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.visitdubai.com\/en\/whats-on\/dsf\" style=\"\">Dubai Shopping Festival<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Signposted to happen sometime in 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>9-13 January (Thursday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.irena.org\/Events\/2025\/Jan\/The-New-Generation-of-Decision-Makers-IRENA-Youth-Forum-at-the-15th-IRENA-Assembly\" style=\"\">International Renewable Energy Agency Youth Forum<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-13 January (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.irena.org\/Events\/2025\/Jan\/The-New-Generation-of-Decision-Makers-IRENA-Youth-Forum-at-the-15th-IRENA-Assembly\" style=\"\">International Renewable Energy Agency Assembly<\/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>14-16 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>14-16 January (Tuesday- Thursday):<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/light-middle-east.ae.messefrankfurt.com\/dubai\/en.html\" style=\"\">The Light + Intelligent Building Middle East 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>20-22 January (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.fespamiddleeast.com\/ar\" style=\"\">FESPA Middle East<\/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 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>1-8 February (Saturday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mubadalaabudhabiopen.com\/\" style=\"\">The Mubadala Abu Dhabi Open<\/a><\/span><span style=\"font-weight:400;\">, Zayed Sports City's International Tennis 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: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>16 February-1 March: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaidutyfreetennischampionships.com\/\" style=\"\">Dubai Duty Free Tennis Championships<\/a><\/span><span style=\"font-weight:400;\">, Dubai Duty Free Tennis Stadium in Al Garhoud.<\/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>14-16 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.woodshowglobal.com\/dubai\" style=\"\">Dubai Woodshow\u2019s 21st Edition<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ipscongress.com\/\" style=\"\">IPS congress<\/a><\/span><span>, Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 April (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfutureenergysummit.com\/\" style=\"\">World Future Energy Summit,<\/a><\/span><span style=\"font-weight:400;\">Abu Dhabi National Exhibition, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28 April-1 May (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wtm.com\/atm\/en-gb.html\" style=\"\">The Arabian Travel Market 2025<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade 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 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 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 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 2025:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">The Middle East Electric Vehicle Show, Expo Center Sharjah. <\/span><\/li>\n<li><span style=\"font-weight:400;\">e& will complete Adnoc\u2019s private 5G network. <\/span><\/li>\n<li><span style=\"font-weight:400;\">Executive Committee Meeting (EXCOM 2025) conference of the World Smart Sustainable Cities Organisation (WeGO)<\/span><\/li>\n<li><span style=\"font-weight:400;\">The International Civil Aviation Organization\u2019s Global Implementation Support Symposium, 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;\">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<li><span style=\"font-weight:400;\">Dubai to host the Arab Actuarial Conference<\/span><\/li>\n<li><span style=\"font-weight:400;\">United Nations Water Conference 2026, UAE<\/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>Modon Holding sets up JV with Candy Capital for luxury real estate | Lots of funding rounds in 9M | Dubai Holding mulls REIT<\/p>\n","protected":false},"featured_media":96611,"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-96610","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"61593d38-fa4d-4535-b01e-481eccdcfc60","teaser":"Modon Holding sets up JV with Candy Capital for luxury real estate | Lots of funding rounds in 9M | Dubai Holding mulls REIT","photo_url":"https:\/\/ent.news\/2024\/8\/1602.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Record budget approved for 2025 + Abu Dhabi the richest city in the world? - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Record budget approved for 2025 + Abu Dhabi the richest city in the world?\" \/>\n<meta property=\"og:description\" content=\"Modon Holding sets up JV with Candy Capital for luxury real estate | Lots of funding rounds in 9M | Dubai Holding mulls REIT\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T01:40:39+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/\",\"name\":\"Record budget approved for 2025 + Abu Dhabi the richest city in the world? - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-10-09T00:00:00+00:00\",\"dateModified\":\"2025-12-15T01:40:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/uae\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Record budget approved for 2025 + Abu Dhabi the richest city in the world?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Record budget approved for 2025 + Abu Dhabi the richest city in the world? - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/","og_locale":"en_US","og_type":"article","og_title":"Record budget approved for 2025 + Abu Dhabi the richest city in the world?","og_description":"Modon Holding sets up JV with Candy Capital for luxury real estate | Lots of funding rounds in 9M | Dubai Holding mulls REIT","og_url":"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/","og_site_name":"UAE","article_modified_time":"2025-12-15T01:40:39+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/","url":"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/","name":"Record budget approved for 2025 + Abu Dhabi the richest city in the world? - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=%2C&ssl=1","datePublished":"2024-10-09T00:00:00+00:00","dateModified":"2025-12-15T01:40:39+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/issues\/record-budget-approved-for-2025-abu-dhabi-the-richest-city-in-the-world\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/uae\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Record budget approved for 2025 + Abu Dhabi the richest city in the world?"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/96610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/96610\/revisions"}],"predecessor-version":[{"id":96658,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/96610\/revisions\/96658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/96611"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=96610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=96610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=96610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}