{"id":97193,"date":"2024-10-25T00:00:00","date_gmt":"2024-10-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=97193"},"modified":"2025-12-15T01:50:37","modified_gmt":"2025-12-15T01:50:37","slug":"e-completes-acquisition-of-ppf-stake","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/e-completes-acquisition-of-ppf-stake\/","title":{"rendered":"e&#038; completes acquisition of PPF stake"},"content":{"rendered":"<section id=\"97195\" 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=\"97195\">\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\/25\/this-morning-masdar-vies-for-saudi-solar-projects-biometric-payments-coming-to-govt-service-centers\/\">\r\n                            THIS MORNING: Masdar vies for Saudi solar projects + Biometric payments coming to gov\u2019t service centers                        <\/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\/25\/this-morning-masdar-vies-for-saudi-solar-projects-biometric-payments-coming-to-govt-service-centers\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The dominant theme of today\u2019s issue is M&amp;A, with e&amp; (finally) completing its acquisition of a stake in PPF Telecom Group, and Shamal Holding snapping up a majority stake in The Espresso Lab. Plus: We have more real estate figures for 3Q 2024, news that Abu Dhabi is getting a copper trading hub, and a fresh batch of earnings. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- It\u2019s more of the same across the UAE today<\/strong>, with most areas seeing clouds with a chance of rain in western and eastern regions. Dubai will be mostly sunny with the mercury hitting 36\u00b0C, before cooling to an overnight low of 28\u00b0C. Over in Abu Dhabi, the mercury peaks at 32\u00b0C before cooling to 30\u00b0C. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>ADNH Catering\u2019s order book was 15x oversubscribed <\/strong>and was fully covered before the end of the first day of trading on the back of strong interest from foreign investors and local retail investors, the company\u2019s CEO Clive Cowley told CNBC Arabia <a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/129651\/2024\/24\/10\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D8%B4%D8%B1%D9%83%D8%A9-ADNH-Catering-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D8%AA%D8%BA%D8%B7%D9%8A%D8%A9-%D8%A7%D9%84%D8%A7%D9%83%D8%AA%D8%AA%D8%A7%D8%A8-%D8%AA%D8%AC%D8%A7%D9%88%D8%B2%D8%AA-15-%D9%85%D8%B1%D8%A9-%D9%88%D8%AA%D9%85%D8%AA-%D8%A7%D9%84%D8%AA%D8%BA%D8%B7%D9%8A%D8%A9-%D8%A8%D8%A7%D9%84%D9%83%D8%A7%D9%85%D9%84-%D9%82%D8%A8%D9%84-%D8%A8%D8%AF%D8%A1-%D8%A7%D9%84%D9%8A%D9%88%D9%85-%D8%A7%D9%84%D8%A3%D9%88%D9%84\" style=\"\" rel=\"noopener\">(watch, runtime: 8:56)<\/a>. Cowley\u2019s comments came following ADNH Catering\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c2afda45-9b07-404a-a670-19d1767f6bf7\/adnh-catering%25e2%2580%2599s-shares-flat-on-adx-debut\" style=\"\" rel=\"noopener\">tepid debut<\/a> on the ADX, which saw shares flat on the first day of trading. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>ADNH Catering <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/852d8c48-db64-4d1c-a0cc-fe0379a4c10c\/adnh-catering-raises-aed-864-mn-in-its-adx-ipo\" style=\"\" rel=\"noopener\">raised AED 864 mn<\/a> after taking a 40% stake to the market and pricing it at the upper end of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5a37f946-f7c7-478c-92f9-7bc049af7866\/%253cmark%253eadnh%253c%2Fmark%253e%253cmark%253e-catering%253c%2Fmark%253e%25e2%2580%2599s-ipo-could-raise-as-much-as-aed-864-mn\" style=\"\" rel=\"noopener\">AED 0.91-0.96 range<\/a> on which it had guided.<\/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- The International Renewable Energy Agency\u2019s (IRENA) <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.irena.org\/Events\/2024\/Oct\/IRENA-28th-Meeting-of-the-Council\" style=\"\" rel=\"noopener\">council meeting<\/a><\/strong><strong> is on its <\/strong><strong>second and final day in Abu Dhabi<\/strong>. The meeting will see the agency discuss energy transition plans, reviewing their program and budget, and publishing their annual report of the director-general. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#<\/strong><strong>2- It\u2019s day four of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/annual\" style=\"\" rel=\"noopener\">International Monetary Fund and World Bank Group<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/annual\" style=\"\" rel=\"noopener\">Annual Meetings<\/a><\/strong><strong>: <\/strong>The world\u2019s finance ministers, central bank governors, and other big names in finance and policy \u2014 including representatives from the UAE \u2014 are in Washington for the International Monetary Fund and World Bank Group Annual Meetings. The meetings wrap up on Saturday. Check out the full meeting schedule on the <a target=\"_blank\" href=\"https:\/\/www.worldbank.org\/en\/meetings\/splash\/annual\/schedule\" style=\"\" rel=\"noopener\">event\u2019s official website<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Our <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/98e95893-194e-4251-b80e-f365d28bfbb7\/global-economy-on-the-edge:-high-stakes-at-the-world-bank-%2F-imf-annual-meetings\" style=\"\" rel=\"noopener\">Planet Finance<\/a> from earlier this week laid out the big themes to look out for and the global challenges underpinning the conversation.<\/p>\n<p class=\"tag-border-left\"> WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>#1- Masdar vies for Saudi solar projects: <\/strong>Masdar is among the shortlisted bidders chosen by the Saudi Power Procurement Company (SPPC) for solar projects as part of its national renewables program, aiming to attract over SAR 8 bn (c. USD 2.1 bn) in investments, according to a <a target=\"_blank\" href=\"https:\/\/spb.com.sa\/sppc-announces-shortlisted-bidders-for-round-5-solar-project-switch-combined-capacity-3700-mw\/\" style=\"\" rel=\"noopener\">SPPC statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar is shortlisted for three projects:<\/strong> <\/p>\n<ul>\n<li><strong>The 2 GW Al-Sadawi Project<\/strong>, as part of a consortium with state-owned Korea Electric Power Corporation and China\u2019s GD Power Development Co; <\/li>\n<li><strong>the 400 MW Al Henakiyah2 Project<\/strong>, as part of a consortium with Korea Electric Power Corporation and Saudi conglomerate <a target=\"_blank\" href=\"https:\/\/www.nesma.com\/\" style=\"\" rel=\"noopener\">Nesma Company<\/a> ; <\/li>\n<li><strong>the 300 MW Rabigh2 Project<\/strong>, as part of a consortium with Korea Electric Power Corporation and Nesma Company.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The consortia will execute the projects under a build, own, and operate model, allowing them to retain 100% ownership, with each project involving a 25-year power purchase agreement with SPPC.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> #<strong>2- Biometric payments coming to gov\u2019t centers: <\/strong>Dubai\u2019s Department of Finance struck agreements with eight banks, fintechs, and Digital Dubai to bring biometric payments to the emirate, alongside \u201csmart installment plans\u201d for government fees, according to the <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/october\/24-10\/dof-launches-smart-installment-system-and-biometric-payment-system\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The pilot phase of the biometric payments system will see it rolled out across government service centers for the payment of government service fees, while smart installment services have already started with two installment service companies tapped so far.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s involved? <\/strong>The eight agreements were inked with Digital Dubai, buy now pay later firm Tabby, payments firm <a target=\"_blank\" href=\"https:\/\/tamara.co\/en-SA\" style=\"\" rel=\"noopener\">Tamara<\/a>, and local banks including Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Commercial Bank of Dubai, Dubai Islamic Bank, Emirates Islamic Bank, Emirates NBD, and our friends at Mashreq. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- More development finance from the UAE? <\/strong>The UAE signed two agreements with the International Monetary Fund (IMF) to contribute to the Poverty Reduction and Growth Trust (PRGT) and the Resilience and Sustainability Trust Fund (RSTF), on the sidelines of the annual meetings of the World Bank Group and the IMF, according to a ministry <a target=\"_blank\" href=\"https:\/\/x.com\/MOFUAE\/status\/1849413708537106884\" style=\"\" rel=\"noopener\">X post<\/a>. The size of the commitment was not disclosed, and it is unclear whether this commitment will be in addition to the USD 200 mn each the UAE pledged to the <a target=\"_blank\" href=\"https:\/\/www.cop28.com\/en\/news\/2023\/12\/UAE-pledges-USD-200m-to-help-low-income-and-vulnerable-countries-fight-climate-change\" style=\"\" rel=\"noopener\">RSTF<\/a> and <a target=\"_blank\" href=\"https:\/\/mof.gov.ae\/uae-allocates-us200-million-to-boost-growth-in-low-income-countries-and-reduce-poverty\/\" style=\"\" rel=\"noopener\">PRGT<\/a> in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the funds:<\/strong> The PRGT provides zero-interest financing to low-income countries, while the RSTF is geared towards low- and middle-income countries for the purpose of building resilience against external shocks. <\/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> #4- The government has earmarked over 2k products for local manufacturing<\/strong>, sparking AED 143 bn in interest as part of its initiative to localize production and develop the UAE\u2019s supply chains and hit its industrial target of AED 300 bn by 2031, Omar Suwaina Al Suwaidi, undersecretary of the Industry Ministry, told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/economics\/57781\/%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%AA%D9%88%D8%B7%D9%8A%D9%86-2000-%D9%85%D9%86%D8%AA%D8%AC-%D8%B5%D9%86%D8%A7%D8%B9%D9%8A\/\" style=\"\" rel=\"noopener\">Asharq Business (watch, runtime, 4:45)<\/a>. The government has allocated AED 11 bn to fund local production under the Make it in the Emirates initiative, Al Suwaidi said, noting that investments in the local industry hit AED 55 bn in 2023.<\/p>\n<p class=\"tag-border-left\"> DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong> <strong>The UAE accounts for <\/strong><strong>2.2%<\/strong><strong> of global maritime transport in 2024 with a fleet size <\/strong><strong>of <\/strong><strong>1.4k ships and tankers<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2169.pdf\" style=\"\" rel=\"noopener\">United Nations Trade and Development Organization<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2169.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. The GCC country was ranked 16th in the world in terms of fleet commercial value, accounting for 1.7% of the total global value. It also came in 12th place globally in terms of fleet ownership by capacity in 2024 with a total of 51.3 mn tons.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#2<\/strong>- <strong>The Dubai aviation sector is projected to contribute AED 196 bn (c. USD 53 bn) worth <\/strong><strong>of gross value to the economy,<\/strong> equating to 32% of the emirate's GDP, by 2030, an increase from AED 137 bn reported in 2023, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2180.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> from <a target=\"_blank\" href=\"https:\/\/www.emirates.com\/media-centre\/aviations-substantial-contribution-to-dubais-economy-revealed-in-latest-report\/#\" style=\"\" rel=\"noopener\">Emirates Group, Dubai Airports,<\/a> and research firm Oxford Economics.The core impact of the sector is expected to grow to AED 132 bn, accounting for 22% of GDP, while supporting approximately 386k jobs. Overall, the total number of jobs in the aviation sector is forecasted to rise to 816k representing one-quarter of all jobs in Dubai by 2030.<\/p>\n<p class=\"tag-border-left\"> HAPPENING NEXT WEEK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Central Bank of the UAE (CBUAE) will offer up to AED 11 bn in four M-Bills at an <\/strong><strong>auction next Monday, 28 October<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2207.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The bills \u2014 three of which are tap issuances \u2014 will be released on 30 October, with the AED 3 bn M-Bill having a tenor of 28 days, the AED 2 bn bill having a tenor of 42 days, a separate AED 2 bn issuance with 126 days, and a final AED 4 bn issuance with a tenor of 238 days.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Decoding central bank speak: <\/strong>M-bills are short-term securities issued in AED by the CBUAE with no interest. The bonds typically have maturity dates of one to 12 months and are not retrievable through any other listing. A tap issuance gives the CBUAE flexibility to adjust money supply by continuing to sell bills beyond the initial auction.<\/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>Coverage in the foreign press is still seesawing between the US presidential race, th<\/strong><strong>e Brics summit \u2014 which wrapped yesterday \u2014 and hopes for a ceasefire in Gaza. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the Brics front, most are taking note of Russian President Vladimir Putin\u2019s attempt to show resilience against the West<\/strong> more than two years into its invasion of Ukraine and the ensuing Western sanctions against it. Putin also warned of an escalating Middle East war and pushed for a two-state solution and ceasefire in Gaza. (<a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cly3ylwg4eqo\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/putin-warns-middle-east-conflagration-debates-ukraine-brics-2024-10-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/russia-putin-brics-summit-china-india-31a4a4af22e9475aee322f2045701fc6\" style=\"\" rel=\"noopener\">AP<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The country is pushing for a depository and clearing system for Brics countries that can deepen financial cooperation outside of the West<\/strong>, though it\u2019s unclear how interested Brics countries are in joining such a system, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-24\/russia-pushes-for-brics-clearing-depository-system-to-sidestep-the-west?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign Affairs Minister Sheikh Abdullah Bin Zayed Al Nahyan was at the summit<\/strong> \u2014 a first for the UAE since joining Brics \u2014 and highlighted the need for collective action on global challenges and the importance of cooperation with \u201cfriends of Brics,\u201d as well as de-escalation in Lebanon and a ceasefire in Gaza, during a <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2024\/10\/24\/24-10-2024-uae-kazan\" style=\"\" rel=\"noopener\">speech<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another round of ceasefire talks in the works? <\/strong>Israel\u2019s Mossad chief is set to meet with officials from the US and Qatar in the coming days in Qatar, US Secretary of State Antony Blinken said as he touched down in London after a trip to the Middle East. Blinken is set to meet with foreign ministers from Jordan, Lebanon and the UAE today, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-24\/us-and-israel-say-gaza-cease-fire-negotiators-to-meet-next-week?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The caveat: <\/strong>It\u2019s not clear if Hamas is sold on yet another round of ceasefire negotiations, after several fell through earlier this year with both Israel and Hamas accusing each other of difficult terms and a lack of seriousness, the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2024\/10\/24\/world\/israel-lebanon-hezbollah-iran\" style=\"\" rel=\"noopener\">New York Times<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN MORE US ELECTIONS NEWS- Donald Trump has gained a marginal lead over Kamala Harris in two polls<\/strong> by the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a85d86c2-e299-42a5-9f75-9f1f8f2ee4cc\" style=\"\" rel=\"noopener\">Financial Times<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/elections\/trump-leads-harris-wsj-poll-779f8516\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> in more signs that the race is tight as ever. Meanwhile, Harris is holding a big rally in Georgia with former president Barack Obama and other celebrities, while Trump rallies in Arizona. (<a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/politics\/live-news\/harris-trump-election-10-24-24\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/live\/2024\/oct\/24\/donald-trump-kamala-harris-us-election-politics-democrats-republicans\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/elections\/2024\/10\/24\/2024-election-campaign-updates-harris-trump\/\" style=\"\" rel=\"noopener\">WaPo<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUSINESS HEADLINES GETTING ATTENTION- <\/strong><\/p>\n<ul>\n<li><strong>Morgan Stanley CEO Ted Pick will be its chair after current chair James Gorman <\/strong>leaves his post at the end of the year. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/morgan-stanley-names-ceo-ted-pick-its-chair-2024-10-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<li><strong>Tesla\u2019s shares closed up 22% yesterday, adding USD 150 bn to its market value in a single day<\/strong>, following strong earnings and a positive sales forecast. (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/technology\/2024\/oct\/24\/tesla-shares-elon-musk\" style=\"\" rel=\"noopener\">The Guardian<\/a>)<\/li>\n<li><strong>The US is still looking to edge China in the minerals supply chain race<\/strong> with plans for a massive new mine in Nevada and extended tax breaks for some miners. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a34fda1e-a11c-4444-a101-c331b8eaab53\" style=\"\" rel=\"noopener\">FT<\/a>) <\/li>\n<\/ul>\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.<span style=\"background-color: transparent;\">&nbsp;<\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/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 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  <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/e-seals-its-ppf-telecom-group-acquisition\/\">\r\n                            e&amp; seals its PPF Telecom Group acquisition                        <\/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\/25\/e-seals-its-ppf-telecom-group-acquisition\/\" 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 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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/e-seals-its-ppf-telecom-group-acquisition\/2225-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2225.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2225.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2225.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2225.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97198\" class=\"content-area-description single-story post-97198 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-e tag-enterpriseam-uae tag-ma tag-ma-watch tag-telecoms wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.71034f6f-a1b1-4053-acb3-260ce3496488.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>State-owned telco<\/strong> <strong>Emirates Telecommunications Group (e&amp;) co<\/strong><strong>mpleted its acquisition of a controlling <\/strong><strong>stake (50% +1 economic share) in PPF Telecom Group<\/strong>, just a month after the European Commission gave the transaction its greenlight, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2208.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The group\u2019s assets will come together under the new holding company e&amp; PPF Telecom, which includes operations across Central and Eastern Europe.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REMEMBER-<\/strong><span style=\"background-color: transparent;\"> The European Commission <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cf459011-c53b-46e5-9f37-06a7dc4a0a6f\/good-news-for-e&amp;\" rel=\"noopener\">approved the acquisition<\/a><span style=\"background-color: transparent;\"> last month, after it launched its first-ever anti-subsidy probe into a foreign buyer against e&amp;, which concluded that market competition won\u2019t be affected by this transaction. The Commission placed several conditions on e&amp; for an extendable duration of 10 years, including a commitment not to funnel any state funding into PPF\u2019s EU operations without EU review.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breaking down the transaction:<\/strong> The total transaction value is EUR 2.35 bn, including a EUR 200 mn adjustment funds to account for a lower debt position and increase working capital. If e&amp; PPF Telecom exceeds certain financial targets within three years after closing, PPF Group will also be given up to EUR 350 mn in earn-out payments, and if they are not achieved, there will be a clawback amount of up to EUR 75 mn. PPF Group also has a put option for its remaining shares applicable after five years of closure, while e&amp; holds a call option for the same shares. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new telecom giant\u2019s structure:<\/strong> e&amp; PPF Telecom will consist of several brands including Yettel Bulgaria, Yettel Hungary, Yettel Serbia, and O2 Slovakia, in addition to Cetin\u2019s infrastructure operations, which currently serve over 10 mn customers with combined revenues of EUR 2 bn in 2023.<\/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\/e\/\">e&amp;<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/telecoms\/\">telecoms<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97200\" 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=\"97200\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/shamal-holding-acquires-majority-stake-in-the-espresso-lab\/\">\r\n                            Shamal Holding acquires majority stake in The Espresso Lab                        <\/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\/25\/shamal-holding-acquires-majority-stake-in-the-espresso-lab\/\" 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\/25\/shamal-holding-acquires-majority-stake-in-the-espresso-lab\/')\">\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\/25\/shamal-holding-acquires-majority-stake-in-the-espresso-lab\/\">\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=Shamal Holding acquires majority stake in The Espresso Lab&url=https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/shamal-holding-acquires-majority-stake-in-the-espresso-lab\/\">\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\/25\/shamal-holding-acquires-majority-stake-in-the-espresso-lab\/&title=Shamal Holding acquires majority stake in The Espresso Lab\">\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=Shamal+Holding+acquires+majority+stake+in+The+Espresso+Lab+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F10%2F25%2Fshamal-holding-acquires-majority-stake-in-the-espresso-lab%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\/25\/shamal-holding-acquires-majority-stake-in-the-espresso-lab\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2178.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97201\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/shamal-holding-acquires-majority-stake-in-the-espresso-lab\/2178-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2178.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2178.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2178.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2178.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97200\" class=\"content-area-description single-story post-97200 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseam-uae tag-food-and-beverage tag-ma tag-ma-watch tag-shamal-holding 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\/.8bc76b17-b2fa-48f9-83f2-c9594d424ac1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-based investment firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.shamalholding.com\/\" style=\"\" rel=\"noopener\">Shamal Holding<\/a><\/strong> <strong> acquired a majority sta<\/strong><strong>ke in <\/strong><strong>homegrown specialty coffee brand <\/strong><strong><a target=\"_blank\" href=\"https:\/\/theespressolab.com\/\" style=\"\" rel=\"noopener\">The Espresso Lab<\/a><\/strong> for an undisclosed amount, according to a <a target=\"_blank\" href=\"https:\/\/www.shamalholding.com\/shamal-to-add-award-winning-coffee-brand-the-espresso-lab-to-its-fb-portfolio\/\" style=\"\" rel=\"noopener\">press release<\/a>. The investment will be used to drive The Espresso Lab\u2019s expansion, as it plans to broaden its retail presence and roasting production capacity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Not much else will change at the Espresso Lab:<\/strong><span style=\"background-color: transparent;\"> The coffee brand\u2019s founder Ibrahim Al Mallouhi will continue to lead operations and expansion plans. The brand currently has a roastery in Al Quoz, and outlets in Dubai Design District and Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Shamal Holding:<\/strong> The Dubai-based investment company\u2019s portfolio spans several sectors in the emirate, including real estate, entertainment, and hospitality. <\/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\/food-and-beverage\/\">food and beverage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/shamal-holding\/\">Shamal Holding<\/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=\"97202 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=\"97202\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/97202-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97202\" class=\"content-area-description single-story post-97202 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=\"97203\" 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=\"97203\">\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\">MINING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/irh-to-set-up-a-copper-trading-hub-in-abu-dhabi\/\">\r\n                            IRH expands its metal and mineral trading operations                        <\/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\/25\/irh-to-set-up-a-copper-trading-hub-in-abu-dhabi\/\" 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\/25\/irh-to-set-up-a-copper-trading-hub-in-abu-dhabi\/')\">\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\/25\/irh-to-set-up-a-copper-trading-hub-in-abu-dhabi\/\">\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=IRH to set up a copper trading hub in Abu Dhabi?&url=https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/irh-to-set-up-a-copper-trading-hub-in-abu-dhabi\/\">\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\/25\/irh-to-set-up-a-copper-trading-hub-in-abu-dhabi\/&title=IRH to set up a copper trading hub in Abu Dhabi?\">\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=IRH+to+set+up+a+copper+trading+hub+in+Abu+Dhabi%3F+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F10%2F25%2Firh-to-set-up-a-copper-trading-hub-in-abu-dhabi%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\/25\/irh-to-set-up-a-copper-trading-hub-in-abu-dhabi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2158.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97204\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/irh-to-set-up-a-copper-trading-hub-in-abu-dhabi\/2158-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2158.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2158.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2158.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2158.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97203\" class=\"content-area-description single-story post-97203 post type-post status-publish format-standard has-post-thumbnail hentry category-mining tag-enterpriseam-uae tag-international-holding-company tag-international-resources-holding tag-minerals tag-mining 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\/.26f66ebc-6a1a-4551-b601-331ed2b196f9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dhabi copper trading hub?<\/strong> International Holding Company\u2019s mining investment arm, International Resources Holding (IRH) plans to establish a copper trading hub in Abu Dhabi, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/uaes-ihc-unit-plans-copper-trading-hub-abu-dhabi-2024-10-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a LinkedIn post from IRH that EnterpriseAM UAE could not track down. IRH aims to trade over 500k tons of green copper annually starting in 2025, Reuters quotes IRH as saying. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Lithium shipments are already on their way: <\/strong><span style=\"background-color: transparent;\">The company just struck an agreement with lithium producer <\/span><a target=\"_blank\" href=\"https:\/\/sigmalithiumresources.com\/\" rel=\"noopener\">Sigma Lithium<\/a><span style=\"background-color: transparent;\"> to ship 22k tons of lithium concentrates to the Abu Dhabi-based firm, according to Sigma\u2019s <\/span><a target=\"_blank\" href=\"https:\/\/sigmalithiumresources.com\/sigma-lithium-shipping-22000t-to-abu-dhabis-irh-in-commercial-alliance-for-sustainably-and-ethically-produced-lithium-materials-surpasses-3q-2024-production-target-of-60000t\/\" rel=\"noopener\">press release<\/a><span style=\"background-color: transparent;\">. The company has already exported 9k tons of the lithium, with the remaining amount set for export sometime this quarter, according to the statement. The exact value of the transaction was not disclosed, but the statement said the shipment was initially set at a floating price equivalent to 8.25% of battery-grade lithium carbonate quoted at the Guangzhou Futures Exchange (GFEX).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> <strong>IRH is doubling down on securing critical minerals, with plans to invest <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/28249232-99e6-40c9-ba1a-83a2689db990\/ihc-eyes-usd-1-bn-in-mining-acquisitions-this-year\" style=\"\" rel=\"noopener\">USD 1 bn in mining acquisitions<\/a><\/strong><strong> in 2024<\/strong>. It acquired a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/296cdee4-0fa9-4cf9-96d5-54ec57b399b0\/international-resources-holding-completes-mopani-copper-mines-in-zambia-acquisition\" style=\"\" rel=\"noopener\">51% stake<\/a> in Zambia\u2019s Mopani Copper Mines for USD 1.1 bn in April and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/28249232-99e6-40c9-ba1a-83a2689db990\/ihc-eyes-usd-1-bn-in-mining-acquisitions-this-year\" style=\"\" rel=\"noopener\">inked joint venture agreements<\/a> for iron mining in Angola, with advanced discussions held to mine nickel in Burundi, along with metals in Tanzania and Kenya. It is also eyeing a majority stake in Zambia\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/482e41b3-3619-4bbd-95ac-21dfbd9c9c4d\/\" style=\"\" rel=\"noopener\">Lubambe Copper Mine<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/international-holding-company\/\">International Holding Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/international-resources-holding\/\">International Resources Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/minerals\/\">minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mining\/\">mining<\/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=\"97205\" 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=\"97205\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/commercial-market-tight-in-dubai-and-abu-dhabi-while-the-residential-market-remains-strong\/\">\r\n                            Commercial market tight in Dubai and Abu Dhabi, while the residential market remains strong                        <\/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\/25\/commercial-market-tight-in-dubai-and-abu-dhabi-while-the-residential-market-remains-strong\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/commercial-market-tight-in-dubai-and-abu-dhabi-while-the-residential-market-remains-strong\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/257.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97206\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/commercial-market-tight-in-dubai-and-abu-dhabi-while-the-residential-market-remains-strong\/257-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/257.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"257.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/257.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/257.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97205\" class=\"content-area-description single-story post-97205 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-abu-dhabi tag-dubai tag-enterpriseam-uae 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\/.cd9337f9-827b-41e2-9f63-a30f5bbf9076.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Both the residential and commercial markets had a strong showing in 3Q <\/strong><strong>2024 in Dubai<\/strong>, though the former was slightly weaker in Abu Dhabi during the quarter, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2218.pdf\" style=\"\" rel=\"noopener\">CBRE Middle East\u2019s UAE Real Estate Market Review 3Q 2024 (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"background-color: transparent;\">COMMERCIAL MARKET-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s office market benefited from growing commercial lease activity <\/strong>on the back of non-oil growth, with occupancy rates hitting 93% at the end of 3Q 2024, up from 92% in 3Q 2023. Grade A rents rose 11% y-o-y, while Grade B rents were up 21%, and Grade C climbed 19%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Office rents will not let up anytime soon:<\/strong> Landlords are still in control due to limited office space, which is expected to push rents higher into 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi saw occupancy rates for institutional-grade spaces reaching 94% at the end of 3Q 2024<\/strong>, up from 91% in 3Q 2023. Prime assets saw an 18% y-o-y spike in rentals, Grade A grew 6%, and Grade B increased 12%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Grade A space is expected to remain limited for at least another few years <\/strong>while Aldar works to deliver several new projects in 2027, including its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/602a7ebc-7b5a-4349-8997-ebf2bebb0f1f\/%253cmark%253ealdar%253c%2Fmark%253e,-mubadala-team-up-to-manage,-develop-aed-30-bn-real-estate-assets-in-abu-dhabi\" style=\"\" rel=\"noopener\">JV with Mubadala<\/a> on Maryah Island and Yas Business Park. <\/p>\n<p class=\"tag-border-left\">THE RESIDENTIAL MARKET-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s residential sales hit AED 120 bn in 3Q, up 30% y-o-y<\/strong>, according to CBRE. Prices for apartments rose 19%, while villa prices jumped 23%. On the rental side, apartment rents increased 19% and villa rents rose 13%. Over the first nine months of 2024, residential transactions expanded 36% y-o-y, exceeding 125k transactions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The market \u201cis set to remain positive in the coming quarters for both sales and rentals,\u201d<\/strong> with some price correction expected as new supply is delivered. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, Abu Dhabi saw a 40% slump in transactions during the quarter <\/strong>due to a decline in off-plan sales, with just 2k transactions in total, but apartment prices rose 9% y-o-y and villa prices increased 8% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The emirate\u2019s rental market dipped in total registrations<\/strong>, despite new contracts growing 2% y-o-y as tenants looked to newly completed projects over older stock. Average apartment rents climbed 9% y-o-y, while average villa rents were up 4% y-o-y during the quarter. In 9M 2024, total residential transactions fell 16% y-o-y to 7k, due to a 35% decline in off-plan sales despite a 43% surge in ready market sales.<\/p>\n<p class=\"tag-border-left\">RETAIL AND INDUSTRIAL MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s retail market remains tight, <\/strong>with prime properties almost fully occupied and rents averaging AED 500 per sq-ft, up 3% y-o-y. Meanwhile, Abu Dhabi\u2019s major malls are witnessing \u201cincreasing tenant demand and limited vacancy,\u201d with average rates rising 8% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Limited industrial real estate is still hampering the market<\/strong>, \u201ccreating a challenging environment for corporate occupiers, particularly on new lease negotiations,\u201d CBRE said. Dubai\u2019s industrial registrations grew 5% y-o-y in 3Q 2024, with new leases growing 4% and renewals increasing 6% y-o-y. Meanwhile in Abu Dhabi, new registrations grew 6% y-o-y.<\/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\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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=\"97207\" 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=\"97207\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/nmdc-energy-commercial-bank-international-and-sukoon-ins-report-3q-earnings\/\">\r\n                            NMDC Energy, Commercial Bank International, and Sukoon Ins. report 3Q earnings                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/nmdc-energy-commercial-bank-international-and-sukoon-ins-report-3q-earnings\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/nmdc-energy-commercial-bank-international-and-sukoon-ins-report-3q-earnings\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/nmdc-energy-commercial-bank-international-and-sukoon-ins-report-3q-earnings\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=NMDC Energy, Commercial Bank International, and Sukoon Ins. report 3Q earnings&url=https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/nmdc-energy-commercial-bank-international-and-sukoon-ins-report-3q-earnings\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/nmdc-energy-commercial-bank-international-and-sukoon-ins-report-3q-earnings\/&title=NMDC Energy, Commercial Bank International, and Sukoon Ins. report 3Q earnings\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=NMDC+Energy%2C+Commercial+Bank+International%2C+and+Sukoon+Ins.+report+3Q+earnings+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F10%2F25%2Fnmdc-energy-commercial-bank-international-and-sukoon-ins-report-3q-earnings%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/nmdc-energy-commercial-bank-international-and-sukoon-ins-report-3q-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/210.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97208\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/nmdc-energy-commercial-bank-international-and-sukoon-ins-report-3q-earnings\/210-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/210.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"210.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/210.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/210.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97207\" class=\"content-area-description single-story post-97207 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-commercial-bank-international tag-earnings-watch tag-enterpriseam-uae tag-nmdc-energy tag-sukoon-ins 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\/.14d8e33a-a8ea-414e-8945-11de4c172eff.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">NMDC ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>NMDC\u2019s engineering, procurement and construction unit <\/strong><strong>NMDC Energy\u2019s net income rose by 144.9% y-o-y <\/strong><strong>to AED 401.6 mn in 3Q 2024<\/strong> on the back of strong operational performance and expansion into new projects, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2165.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues increased 110.3% y-o-y to AED 4 bn in this quarter. In 9M 2024, the company\u2019s net income climbed 122.1% y-o-y to AED 904 mn, while revenues grew 96.4% y-o-y to AED 9.8 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">REMEMBER-<\/strong><span style=\"background-color: transparent;\"> These are NMDC Energy\u2019s first set of financial results since its <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6fd1f54f-2a08-4db2-bb29-95548d661e52\/%253cmark%253enmdc%253c%2Fmark%253e%253cmark%253e-energy%253c%2Fmark%253e-closes-aed-3.2-bn-ipo-with-31x-oversubscription-rate%3B-shares-start-trading-11-september\" rel=\"noopener\">Abu Dhabi Exchange (ADX) IPO last month<\/a><span style=\"background-color: transparent;\">, which raised AED 3.22 bn and received over AED 88 bn in orders from investors.<\/span><\/p>\n<p class=\"tag-border-left\">COMMERCIAL BANK INTERNATIONAL- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Commercial Bank International (CBI) reported net income of AED 149.2 mn in Q3,<\/strong> an increase of 141.7% compared to 3Q 2023, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2186.pdf\" style=\"\" rel=\"noopener\">company's financials (pdf)<\/a>. The lender\u2019s net operating income rose 89.8% y-o-y to AED 278.5 mn. The bank\u2019s growth was supported by an expansion in loans and advances, as well as increased fee and commission income, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2226.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a nine-month basis, CBI's net income totaled AED 230.7 mn<\/strong>, an increase of 64% y-o-y. The bank also reported a 9M 2024 net operating income of AED 528.6 mn, reflecting a 26.9% y-o-y increase.<\/p>\n<p class=\"tag-border-left\">SUKOON INS.- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based <\/strong><strong>Sukoon Ins.\u2019 net income dipped 26% y-o-y to AED 46.7 mn in 3Q 2024<\/strong>, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2205.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The company\u2019s ins. revenues rose nearly 15.7% to AED 1.4 bn during the quarter. Sukoon saw its bottom line fall 6.3% y-o-y in 9M 2024 to AED 173 mn, while its revenues climbed 16.4% y-o-y to AED 3.9 bn during the nine-month period.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/commercial-bank-international\/\">Commercial Bank International<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nmdc-energy\/\">NMDC Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukoon-ins\/\">Sukoon Ins.<\/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=\"97209\" 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=\"97209\">\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\">SPOTLIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/mashreqs-radu-topliceanu-on-the-successes-and-challenges-of-developing-digital-banking-propositions-in-emerging-markets\/\">\r\n                            Mashreq\u2019s Radu Topliceanu on the successes and challenges of developing digital banking propositions in emerging markets                        <\/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\/25\/mashreqs-radu-topliceanu-on-the-successes-and-challenges-of-developing-digital-banking-propositions-in-emerging-markets\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Banks in the region and abroad are now looking at how to make their proposition stand out from the others, and how to make digital banking simpler, and globally accessible. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Leading one of the region\u2019s biggest and most rapidly growing digital banking propositions, Mashreq Neo, is Radu Topliceanu (<\/strong><strong style=\"background-color: transparent;\"><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/radutopliceanu?originalSubdomain=ae\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong style=\"background-color: transparent;\">)<\/strong><span style=\"background-color: transparent;\">, who joined the bank in 2023 and is credited with shaping Mashreq Neo\u2019s strategy and spearheading its expansion beyond the UAE\u2019s borders.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Launching Mashreq Neo outside of the UAE involved plenty of localization, negotiations with regulators, and exporting advanced tech solutions<\/strong> from the UAE abroad. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Topliceanu oversaw the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/490cdbcf-937b-4b6d-9ce9-9eb0ce115145\/contact-to-expand-in-saudi-in-2025.-plus:-news-from-b-investments,-talaat-moustafa-group,-adib,%253cmark%253e-mashreq%253c%2Fmark%253e,-madinet-masr,-idea-verde,-azimut\" style=\"\" rel=\"noopener\">launch of Mashreq Neo Egypt<\/a><\/strong><strong> earlier this year<\/strong>. Now, he\u2019s preparing to launch Mashreq Neo in Pakistan, and figuring out how Mashreq Neo can become a global, integrated platform for customers who are banking across several countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We sat down with him to discuss the technicalities of transferring tech and banking propositions across borders, the way AI fits into the future of digital banking<\/strong>, and a lot more. <strong>Edited excerpts from our conversation: <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enterprise: How\u2019s the launch in Egypt going so far? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Radu: It\u2019s going very well. <\/strong>We launched two acquisition channels: one that is internal and is very well received by the public; and another through a collaboration with e&amp; that\u2019s also going great. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The process of customer acquisition and onboarding is slightly different in Egypt [than in the UAE] because of the difference in regulations.<\/strong> Customers can download the app and open an account in no time, but in order for us to activate the account, they must visit a physical store to sign a paper. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We collaborated with Fawry, a very big local payments chain with plenty of stores across Egypt, and Etisalat by e&amp;<\/strong>, to allow customers to close the fulfillment process through their branches. Now, Neo is available across the entire country. Even though we have just 16 branches in Egypt, the customer as of today has 900 places to go and sign their papers. The progression in numbers of customers acquired is great; we had 25k customers join just through a limited referral campaign we launched, and mns of customers viewed and interacted with our Visa ad campaign featuring Mohamed Salah. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Central bank of Egypt is also promoting financial inclusion days through a series of events<\/strong>, so we\u2019re opening our own booth at those events where people can come and be onboarded and activate their accounts on the spot. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: What\u2019s in the pipeline for Mashreq Neo in Egypt for the rest of the year? Any new services you plan to introduce? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>R: We have a very busy roadmap for the tail-end of the year and for the beginning of next year. <\/strong>We have already started to offer fixed deposits, and we\u2019re planning on launching new savings products and more lending options. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In terms of the app, we have upgraded it and it is now on the same stack<\/strong> in Egypt and in the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: Are you facing any challenges in terms of transferring the tech from the UAE to Egypt and getting customers onboarded properly? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>R: There are slight differences between the UAE and Egypt. <\/strong>First of all, the quality of phones is a bit different and that can cause some glitches when they take a picture of their ID, to give you an example. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Then there\u2019s the lack of eKYC based on facial recognition<\/strong>, which is something that still has to be developed in Egypt. I know the regulator is working on it and we expect it to be available sooner rather than later. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: What else is different in terms of the offering? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>R: The UAE is an expat country and there is a lot of need and a lot of journeys being built to offer ways for customers to send money home. In Egypt, it's the other way around.<\/strong> It's very important for people to be able to receive the money in their accounts. And I think here, Neo can play a very strong role in terms of financial inclusion. The money can land in their account extremely fast \u2014 that\u2019s their priority. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ultimately, we want to create an integrated view and seamless connectivity between Mashreq across different countries.<\/strong> And again, this should help in supporting the remittances towards Egypt and countries that need it. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I think that's an interesting direction that we're going to see as we transform into a group.<\/strong> We\u2019re open in Egypt, we are going to open in Pakistan, and we plan to open in GCC countries. Then the customer will expect to have a global view. If I have an account in Mashreq Egypt and another in Mashreq UAE, I would expect to see it in the same app and to be able to seamlessly transfer money between them.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: Speaking of expansions, when are you expecting to launch Mashreq Neo in Pakistan? How are the preparations going?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>R: We are on track to launch the pilot before the end of the year.<\/strong> The State Bank of Pakistan will have to analyze our readiness before the commercial launch. We are currently closely collaborating with regulatory authorities to ensure full compliance with guidelines in order to commence pilot operations soon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The regulations in Pakistan are, for me, surprisingly advanced.<\/strong> Their databases are integrated, which allows people to authenticate their accounts using their fingerprint. There is no need for the customer to go to a physical branch to sign papers. I'm seeing a lot of openness from the State Bank of Pakistan towards digital banking. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We are building the bank from scratch.<\/strong> This is a good thing, because we\u2019re building a very strong team. I\u2019m impressed by the level of skill that we\u2019re finding there. And of course, the market potential is huge. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are still issues with infrastructure<\/strong>, like internet penetration \u2014 but it\u2019s growing, and smartphone use is growing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There will be a few challenges, for example, when it comes to the prevalence of cash in the economy<\/strong>. We want to be part of the effort to digitize the economy, so we are working on some solutions for this. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The good news is because we\u2019re a group, there are solutions we\u2019re building in Pakistan which we are going to use for Egypt or even for the UAE<\/strong>, and vice versa. There is cross pollination across countries, which works both ways \u2014 not only exporting solutions from the UAE and applying it in other markets to help boost financial inclusion, but also learning from those other markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: What was the biggest challenge you\u2019ve had to overcome since joining Mashreq and heading Neo?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My focus has been on increasing client engagement<\/strong>. What most banks do is they cherry pick the best customers, targeting maybe just the top 200k out of 1 mn customers for loans, investments, deposits, ins., etc. What we have done, and it's working very well, is we put together a client engagement team, which looks at the whole customer base and is finding ways to engage the customer based on their profile and their needs. There might be a blue collar worker who doesn't have money to invest, or is not interested in investment \u2014 perhaps for this client, what\u2019s most relevant is remittances.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We are building very advanced machine learning models<\/strong>, which are helping us analyze and go through our databases, and personalize all this engagement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E: You\u2019ve mentioned a lot of investments in AI in earlier chats. Where are you focusing those investments currently? <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I think the most obvious area in which genAI is used today is in the chatbot and the customer service center. <\/strong>What I'm seeing in terms of penetration of the chatbot is very encouraging; more and more customers are using the chatbot, and more and more of their requests are resolved end-to-end through the chatbot. It\u2019s improving the efficiency of our operations, but it also helps boost customer satisfaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We also use AI to optimize the funnel<\/strong>, so we\u2019re collecting data from the moment the customer downloads the app until they open an account, and this data is very important for us to understand where friction points are and then to try to sort those out.<\/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\/mashreq\/\">Mashreq<\/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=\"97211\" 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=\"97211\">\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\">KUDOS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/emirates-named-worlds-best-airline-uaeu-ranks-5th-in-qs-arab-university-list\/\">\r\n                            Emirates named World's Best Airline + UAEU ranks 5th in QS Arab University list                        <\/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\/25\/emirates-named-worlds-best-airline-uaeu-ranks-5th-in-qs-arab-university-list\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The ranking is based on over 30 criteria, including punctuality, route network, and in-flight meal quality, with data referenced from more than 18 independent awards and expert reviews.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The United Arab Emirates University ranked fifth in the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.topuniversities.com\/arab-region-university-rankings\" style=\"\" rel=\"noopener\">QS Arab University Rankings<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.topuniversities.com\/arab-region-university-rankings\" style=\"\" rel=\"noopener\">2025<\/a><\/strong><strong>, <\/strong>moving up one place in the ranking from the previous year, according to <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/146eio4-united-arab-emirates-university-achieves-5th-place\" style=\"\" rel=\"noopener\">Wam<\/a>. This ranking is part of a broader evaluation that includes 246 universities across the Arab world. The ranking assesses institutions based on academic reputation, research output and a number of other criteria.<\/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\/emirates-airline\/\">Emirates Airline<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kudos\/\">KUDOS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/pcfc\/\">PCFC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tabreed\/\">Tabreed<\/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=\"97213\" 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=\"97213\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/one-developments-unveiled-aed-2-bn-laguna-residence\/\">\r\n                            One Developments unveiled AED 2 bn Laguna Residence                        <\/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\/25\/one-developments-unveiled-aed-2-bn-laguna-residence\/\" 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\/25\/one-developments-unveiled-aed-2-bn-laguna-residence\/')\">\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\/25\/one-developments-unveiled-aed-2-bn-laguna-residence\/\">\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=One Developments unveiled AED 2 bn Laguna Residence&url=https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/one-developments-unveiled-aed-2-bn-laguna-residence\/\">\n                    X                    <!-- <img decoding=\"async\" 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data-image-title=\"2222.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2222.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2222.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97213\" class=\"content-area-description single-story post-97213 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-ajman-bank tag-also-on-our-radar tag-aviation tag-banking tag-department-of-municipalities-and-transport tag-dubai-future-foundation tag-edge-group tag-emirates-airlines tag-enterpriseam-uae tag-magnati tag-one-development tag-real-estate tag-renewables tag-startups 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\/.5da1e29f-0b75-4d8b-97e2-8d0541090591.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- One Development inaugurated its AED 2 bn flagship project, Laguna Resi<\/strong><strong>dence,<\/strong> in Dubai's City of Arabia, days after <a target=\"_blank\" href=\"https:\/\/www.constructionweekonline.com\/projects-tenders\/one-development-appoints-ae7-to-oversee-aed2bn-megaproject-at-city-of-arabia\" style=\"\" rel=\"noopener\">selecting<\/a> architectural engineering group AE7 as a consultant for the project, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/one-development-unveils-laguna-residence-its-aed-2bln-ai-integrated-project-at-dubais-city-of-arabia-mbwhjude\" style=\"\" rel=\"noopener\">press release<\/a>. <a target=\"_blank\" href=\"https:\/\/lagunaresidencedubai.com\/\" style=\"\" rel=\"noopener\">Laguna Residence<\/a> will be AI-integrated and will offer studios, three-bedroom apartments, duplexes, and sky-homes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">#2- Abu Dhabi\u2019s Department of Municipalities and Transport (DMT) lau<\/strong><strong style=\"background-color: transparent;\">nched a program to certify buildings according to their compliance to certain safety benchmarks<\/strong><span style=\"background-color: transparent;\">, according to the <\/span><a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/infrastructure\/department-of-municipalities-and-transport-launches-building-occupancy-and-legalisation-certificate-programme\/\" rel=\"noopener\">Abu Dhabi Media Office<\/a><span style=\"background-color: transparent;\">. The program will be implemented in three stages, starting with the issuance of a Conditional Occupancy Certificate for buildings complying with <\/span><strong style=\"background-color: transparent;\">e<\/strong><span style=\"background-color: transparent;\">ssential standards, such as fire safety, gas installation safety, structural integrity, elevator safety, and child protection measures.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Existing villas will be exempt<\/strong> from the requirements for a full occupancy certificate unless their design life has been exceeded and the villas pose safety risks to their residents, the statement 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>#3- Saif Al Ghurair Real Estate Group's newly established <\/strong><strong>subsidary<\/strong><strong> P.O.B1 Prop<\/strong><strong>erties will develop<\/strong><strong> Serenova, <\/strong>in Dubai Silicon Oasis, as its debut project, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/pob1-properties-announces-inaugural-project-serenova-in-dubai-silicon-oasis-to-meet-growing-residential-demand-cvckskoo\" style=\"\" rel=\"noopener\">press release<\/a>. Slated for completion in 2Q 2027, Serenova is valued at AED 206 mn and spans a 7.8k sqm plot.<\/p>\n<p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Payment solutions provider Magnati and Ajman Bank will introduce an embedded financ<\/strong><strong>e solution<\/strong> that allows SME merchants to use real-time point of sale transaction data to access various financing options from Ajman Bank, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/magnati-partners-with-ajman-bank-to-enhance-financial-solutions-for-smes-in-the-uae-rmcl1oww\" style=\"\" rel=\"noopener\">press release<\/a>. These options include Shariah-compliant business financing, invoice financing, equipment financing, receivables financing, and POS financing.<\/p>\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Edge group and Assan partnership:<\/strong> Edge Group\u2019s munitions subsidiary <a target=\"_blank\" href=\"https:\/\/lahab.ae\/\" style=\"\" rel=\"noopener\">Lahab<\/a> signed three agreements with Turkish arms manufacturer <a target=\"_blank\" href=\"https:\/\/assangroup.com.tr\/\" style=\"\" rel=\"noopener\">Assan Group<\/a> at <a target=\"_blank\" href=\"https:\/\/www.sahaexpo.com\/homepage\" style=\"\" rel=\"noopener\">Saha Expo 2024<\/a> in Istanbul to supply Assan with MK munitions, co-develop Warsaw-configured versions for existing customers, and strengthen Lahab\u2019s supply chain with NATO-standard components, according to a company <a target=\"_blank\" href=\"https:\/\/edgegroup.ae\/news\/edge-entity-lahab-expands-global-sales-mk-aerial-munitions-through-strategic-agreements-assan\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates partnered with the engine supplier GE Aerospace to support th<\/strong><strong>e airline\u2019s <\/strong><strong>Boeing 777 electrical load management system<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2188.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. This 10-year \u201cmulti-[mn-USD]\u201d agreement includes providing repairs, stock holding, inventory management, engineering control, technical documentation, obsolescence management, and reliability trend analysis. The partnership also indicates that GE Aerospace\u2019s Dubai inventory will be consolidated with Emirates and housed at the airline\u2019s facilities, improving inventory availability and lead times.<\/p>\n<p class=\"tag-border-left\">STARTUPS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Future Foundation launched two new sandboxes \u2014 o<\/strong><strong>ne for the gig economy and the other for proptech \u2014 under the Dubai Sandbox<\/strong><strong> initiative<\/strong>, with the goal of easing regulatory access and encouraging innovation, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/october\/23-10\/dubai-future-foundation-launches-gig-economy-and-proptech-sandboxes\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ajman-bank\/\">Ajman Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/department-of-municipalities-and-transport\/\">Department of Municipalities and Transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-future-foundation\/\">Dubai Future Foundation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge-group\/\">Edge Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-airlines\/\">Emirates Airlines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/magnati\/\">Magnati<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/one-development\/\">One Development<\/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\/renewables\/\">renewables<\/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\/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=\"97215\" 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=\"97215\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/fitch-trims-mena-growth-to-1-8-in-2024\/\">\r\n                            Fitch trims Mena growth to 1.8% in 2024                        <\/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 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/839.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97216\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/fitch-trims-mena-growth-to-1-8-in-2024\/839-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/839.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"839.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/839.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/839.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97215\" class=\"content-area-description single-story post-97215 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-economy tag-enterpriseam-uae tag-fitch tag-gdp 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\/.4290e18b-001c-41a9-9422-2f9448bd5af3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fitch warned that the Middle East region is entering 2025 \u201con shaky <\/strong><strong>ground,\u201d<\/strong> against the backdrop of the ongoing war, economic headwinds, and political uncertainty following the US elections, during a webinar earlier this week. The agency expects the region\u2019s economy to grow at c. 1.8% in 2024, down from the 2.3% it penciled in last <a target=\"_blank\" href=\"https:\/\/www.fitchsolutions.com\/bmi\/country-risk\/mena-growth-round-tepid-acceleration-2024-robust-growth-2025-08-08-2024#:~:text=We%20now%20expect%20a%20more,we%20expected%20in%20Q2%20202\" style=\"\" rel=\"noopener\">August<\/a>, according to Fitch Solutions company BMI\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/2181.pdf\" style=\"\" rel=\"noopener\">latest outlook (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">A rebound is expected next year: <\/strong><span style=\"background-color: transparent;\">The regional economy will pick up to over 3% by next year, according to its forecast.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE to lead the region:<\/strong> BMI anticipates the Emirates\u2019 economy to grow at the fastest pace in 2025, anticipated to accelerate to 5.2% in 2025, fueled by increased oil production and the government\u2019s diversification efforts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The UAE is set to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/54d158d4-5a72-498f-9604-196685f72a65\/%253cmark%253eopec%253c%2Fmark%253e%2B-extends-supply-cuts,-granting-the-uae-a-higher-production-quota-for-2025\" style=\"\" rel=\"noopener\">increase its oil production<\/a> to 3.5 mn barrels per day (bbl \/ d) in 2025 after Opec+ raising its quota from the current 2.9 mn bbl \/ d.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BMI also sees strong growth for Saudi Arabia<\/strong>, forecasting the Kingdom\u2019s economy to make a dramatic rebound from approximately 0.3% in 2024 to around 4.7% in 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Downside risks remain: <\/strong>Potential risks that could hamper growth include Opec\u2019s production cuts failing to lift oil prices, which could hinder diversification efforts in the region, Fitch analysts noted during the webinar. <\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Most Asian benchmarks are in the green<\/strong> as investors await Japan\u2019s elections over the weekend. The Nikkei was the one outlier, falling 0.85% as of dispatch time, while the Kosip and Hang Seng are both in the green. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, Wall Street futures are muted<\/strong> after the S&amp;P 500 snapped its three-day losing streak yesterday. <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\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>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\">9,196<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: -4.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,464<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.0% (YTD: +10.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3727<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: -3.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4.6% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.3% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,886<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: -0.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">30,553<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +22.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,810<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +21.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,269<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +6.9%)<\/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>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\">4,936<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +9.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 74.84<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.54<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-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 2,745.30  <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 67,950.3<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.0% (YTD: +60.7%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX fell 0.1% yesterday<\/strong> on turnover of AED 24.01 bn. The index is down 4.0% 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>Multiply Group (+4.6%), Apex Investment (+4.5%) and Modon Holding (+2.9%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Gulf Pharmaceutical Industries (-9.6%), Aram Group (-8.8%) and Umm Al Qaiwain General Investments (-4.7%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index remained flat on turnover of AED 333.3 mn. Meanwhile Nasdaq Dubai closed up 0.2%.<\/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\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fitch\/\">Fitch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gdp\/\">GDP<\/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=\"97217\" 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=\"97217\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">MY MORNING ROUTINE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/my-morning-routine-sonja-suessenbach-country-head-of-abu-dhabi-at-apex-group\/\">\r\n                            My Morning Routine: Sonja Suessenbach, country head of Abu Dhabi at Apex Group                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/25\/my-morning-routine-sonja-suessenbach-country-head-of-abu-dhabi-at-apex-group\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Speaking to us this week is Sonja Suessenbach (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/sonjasuessenbach\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), country head of Abu Dhabi at Apex Group. Edited excerpts from our conversation:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">I'm originally German, but I\u2019ve lived almost 18 years in the UAE.<\/strong><span style=\"background-color: transparent;\"> I came initially only with this mindset of [staying here for] two years and then it became my home for the last 18 years \u2014 10 years in Dubai, where I met my husband, and now for the last eight years, in Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I'm looking after Apex Group\u2019s entire operations in Abu Dhabi<\/strong>, so that includes the strategic vision, looking after financial operations and performance, as well as the business development side. Apex has two licenses here in Abu Dhabi, one under the Abu Dhabi Global Market (ADGM) and another under the Securities and Commodities Authority (SCA). I'm responsible for both entities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Every day is different.<\/strong> One thing I need to do everyday is to make sure the team is aware of what the priority is for the day and what we need to deliver. We also have a lot of client business development meetings. At the same time, we need to continue focusing on strategy and forecasts to ensure what we are doing daily is aligned with what we want to achieve in the long run. It\u2019s a very active and busy day, and every day, we meet new clients, especially now as ADGM is growing immensely. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Peter Hughes (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/peter-hughes-7259783\/?originalSubdomain=bm\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) started Apex Group in 2003 with the mission of simplifying things <\/strong>for fund managers \u2014 so anything to take away the burden from managers on the administration side. The core business focused on fund administration, but over the years, we added other services, such as corporate services, compliance services, middle office services, offering asset and fund managers a single-source solution that can allow fund managers to focus on their core business. We have really become a financial services solution provider rather than just a fund administrator. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Today, we have a team of more than 14k employees. <\/strong>Here in Abu Dhabi, we have 35 employees, but we are growing even more. In the Middle East, I think we are one of the biggest fund administrators who have local employees, because for us, it's also important to have contact with our clients locally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the finance world, digital transformation and technology are becoming very important<\/strong>, and that also applies to fund administration. We took over a company at the end of last year which allows us to tokenize assets, so we are one of the leading firms in that area. We have heavily invested and continue to invest in technology because fund managers are increasingly requesting very sophisticated reports, and LPs are doing the same. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>From a more local perspective, I would say one of the reasons why the ADGM is growing a lot is because the fund framework in the UAE has changed.<\/strong> A lot of international fund managers are now coming here to distribute locally and to set up onshore operations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Thanks to my husband, I\u2019ve started to go to the gym in the morning. <\/strong>I used to go after work, but for the past 10 years, we\u2019ve been doing gym in the morning, which means, we wake up around 5:45am and then hit the gym, either doing a normal routine or we do a class. Then we get ready, grab a coffee, and over the past couple of weeks, I\u2019ve started reading EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I'm usually the first one in the office<\/strong>, I read for 10 or 15 minutes and then plan the day in order to see what is on my agenda, and what is still pending.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I think one constant for me that\u2019s very important is clear communication.<\/strong> I make sure that every day, even if I'm busy, key team members understand what the priority is for the day or for the week and what needs to be delivered so we are aligned going forward. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Since I\u2019m originally German, it\u2019s sort of in my DNA to be very organized.<\/strong> From a very young age, I learned to schedule because I had a lot of hobbies. That\u2019s why the first thing I do at the office is look at the meetings I have scheduled, then organize my tasks according to a schedule. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Professionally, I would say my goal is \u2014 since I just recently joined Apex \u2014 to help Apex become one of the leading firms<\/strong> well known as a one-source solution, and to become the one company that anyone setting up shop here in the ADGM and wanting to grow their business can choose as their partner. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Personally, my goal is to continue learning constantly.<\/strong> I think it's important on a personal level to continue learning new hobbies. I just recently started diving, for example, in Egypt, so I want to continue to develop these new hobbies and learn new skills. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I\u2019m still learning how to [maintain a work-life balance,] I\u2019m not yet perfect at that, so I\u2019d say it\u2019s a work in progress.<\/strong> I have two golden retrievers, so they request my attention a lot and I can\u2019t be on my laptop and phone too much \u2014 they\u2019re good at that. My dog has even learned how to close my laptop screen [laughs], so I have a good partner to help me balance things. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I do think you always need to learn how to balance and to be active<\/strong>, and to also understand when to stop so you can refresh your mind, like having a walk with your dog or going to the beach. I think this opens your mind up a lot more. Interacting with other people from different industries also helps you look at challenges differently. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The beauty here in the UAE is that you can always have little vacations, especially in Abu Dhabi<\/strong>, where you have these small islands to go over the weekend. My husband is also very much into camping, so when the weather is good here, we like to go camping and switch off. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I love <\/strong><strong><a target=\"_blank\" href=\"https:\/\/simonsinek.com\/books\/leaders-eat-last\/\" style=\"\" rel=\"noopener\">Leaders Eat Last<\/a><\/strong><strong> by Simon Sinek<\/strong>, which talks about how to build trust and loyalty within an organization, which I think comes hand in hand with communication. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>[My favorite piece of advice] came from my first boss, who told me to lead with empathy.<\/strong> Leadership is not only about making decisions \u2014 you also need to have empathy, especially when there's uncertainty, to understand and approach things in a different way, and to really include different parties and stakeholders in your decision-making to make an informed, balanced decision. <\/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\/apex-group\/\">Apex Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97219\" 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\/25\/97219-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97219\" class=\"content-area-description single-story post-97219 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 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 (Tuesday): OneConnect Dubai 2024, the Marriott Resort Palm Jumeirah, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29-31 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sharjah.ac.ae\/en\/Media\/Conferences\/SICB\/Pages\/default.aspx\" style=\"\">Sharjah International Conference in Biotechnology (SICBiotech)<\/a><\/span><span style=\"font-weight:400;\">, University of Sharjah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29-31 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/hfs.ae\/\" style=\"\">Healthcare Future Summit<\/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: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 Dutyfree Tennis Stadium, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-7 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/\" style=\"\">Abu Dhabi International Petroleum Exhibition & Conference<\/a><\/span><span> (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/?utm_source=social-internal&utm_medium=twitter&utm_term=&utm_content=vis%202406&utm_campaign=mari%202406\" style=\"\">ADIPEC<\/a><\/span><span style=\"font-weight:400;\">), Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-7 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/maritime-logistics\/\" style=\"\">ADIPEC Maritime and Logistics Exhibition and Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-7 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/decarbonisation\/\" style=\"\">ADIPEC Decarbonisation Accelerator<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5-7 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thehospitalitynetwork.com\/the-2024-emea-stakeholder-conference-registration\" style=\"\">2024 EMEA Stakeholder 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>5-7 November (Tuesday-Thursday): 10th edition of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/visit.gulfoodmanufacturing.com\/?utm_source=google&utm_medium=search&utm_campaign=LS_GFM_Brand_t2_280824&utm_adgroup=Brand&utm_term=gulfood%20manufacturing%202024%20dates&device=c&utm_matchtype=e&utm_network=g&utm_placement=&utm_content=717630097134&utm_Adposition=&utm_location=9196764&utm_Sitelink=%7D&utm_Audience=kwd-2228097508204&utm_campaignid=21635108769&utm_adgroupid=168569381426&gad_source=1&gclid=Cj0KCQjwmt24BhDPARIsAJFYKk0kaXXzX5DB-UQ-WHur4t-fQnKGBc0QBxDAE_VkkHpJWo6INwHwXNcaAoQcEALw_wcB\" style=\"\">Gulfood Manufacturing<\/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>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>10 November (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/events.gulfnews.com\/AmericanBoardingSchoolFair2024Dubai\" style=\"\">American Boarding School Fair 2024<\/a><\/span><span style=\"font-weight:400;\">, Grosvenor Hotel, Dubai Marina, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11 November (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/diamondconference.ae\/\" style=\"\">Dubai Diamond Conference<\/a><\/span><span style=\"font-weight:400;\">, Jafza One Convention Centre, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-12 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menacinema.com\/\" style=\"\">META Cinema Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13 November (Wednesday): Registration deadline for<\/span> <span>Dubai Chamber of Digital Economy\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/createapps.ae\/app-olympics\" style=\"\">App Olympics<\/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>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 style=\"font-weight:400;\">, 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 style=\"font-weight:400;\">15 November (Friday): Tax amendments that exempt crypto and investments through fund managers from VAT to take effect. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-19 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dpmc.ae\/\" style=\"\">Dubai Precious Metals Conference<\/a><\/span><span style=\"font-weight:400;\">, JAFZA One Convention Center, 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>26-28 November (Tuesday-Thursday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.globalmediacongress.ae\/en\/\" style=\"\">Global Media Congress 2024<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Centre (ADNEC).<\/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>4-5 December (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sportimpactsummit.com\/\" style=\"\">Sport Impact Summit<\/a><\/span><span style=\"font-weight:400;\">, The Palm, Dubai.<\/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>10-12 December (Tuesday-Thursday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mebaa.aero\/\" style=\"\">Middle East and North Africa Business Aviation Association Show<\/a><\/span><span style=\"font-weight:400;\">, 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>19-24 January (Sunday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/coling2025.org\/\" style=\"\">Coling 2025<\/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>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>3-6 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.medlabme.com\/en\/home.html\" style=\"\">Medlab Middle East<\/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>16 February-1 March: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaidutyfreetennischampionships.com\/\" style=\"\">Dubai Dutyfree Tennis Championships<\/a><\/span><span style=\"font-weight:400;\">, Dubai Dutyfree 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>7-10 April 2025 (Monday-Thursday) : <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.efghldg.com\/en\/conferences\" style=\"\">EFG Hermes One on One<\/a><\/span><span style=\"font-weight:400;\"> conference, 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 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>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;\">SEPTEMBER 2025 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-10 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/digihealth.ai\/\" style=\"\">DigiHealth exhibition<\/a><\/span><span style=\"font-weight:400;\">, World Trade Center, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER 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\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>Commercial market tight in Dubai + Abu Dhabi | Mena on shaky ground going into 2025 -Fitch | Biometric payments at gov\u2019t 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