{"id":97582,"date":"2024-11-06T00:00:00","date_gmt":"2024-11-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=97582"},"modified":"2025-12-15T01:57:19","modified_gmt":"2025-12-15T01:57:19","slug":"non-oil-business-picks-up-in-october","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/non-oil-business-picks-up-in-october\/","title":{"rendered":"Non-oil business picks up in October"},"content":{"rendered":"<section id=\"97584\" 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=\"97584\">\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\/11\/06\/this-morning-maf-shuts-down-carrefour-stores-in-jordan-opens-up-new-retail-chain-dubai-is-getting-a-new-sewage-fee-structure\/\">\r\n                            THIS MORNING: MAF shuts down Carrefour stores in Jordan, opens up new retail chain + Dubai is getting a new sewage fee structure                        <\/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\/11\/06\/this-morning-maf-shuts-down-carrefour-stores-in-jordan-opens-up-new-retail-chain-dubai-is-getting-a-new-sewage-fee-structure\/\" 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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But we have PMI data on the UAE and Dubai in October, as well as an ambitious new national investment strategy targeting AED 2.2 tn in FDI by 2031. There\u2019s also a slew of energy news out of Adipec. Let\u2019s dive right in. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- Expect some more clouds and fog today<\/strong>, with<strong> Dubai<\/strong> looking at a high of 35\u00b0C and a low of 28\u00b0C. Over in <strong>Abu Dhabi<\/strong>, temperatures will peak at 30\u00b0C and hit a low of 28\u00b0C.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>#1- The GCC IPO market saw a rise in proceeds in 3Q 2024, despite having f<\/strong><strong>ewer <\/strong><strong>IPOs compared y-o-y<\/strong>, according to PwC Middle East\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/384.pdf\" style=\"\" rel=\"noopener\">IPO Watch (pdf)<\/a>. The increase was led by NMDC Energy\u2019s listing, which raised <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#:~:text=%231%2D%20NMDC%20Energy,the%20legal%20advisors.\" style=\"\" rel=\"noopener\">AED 3.22 bn<\/a> and was 31x oversubscribed, marking the UAE\u2019s biggest listing so far this year. The other three listings in the regional markets this quarter took place on Saudi Arabia\u2019s parallel market Nomu.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The aftermarket performance for this year\u2019s IPOs has remained robust<\/strong>, with most of the 10 biggest listings trading above their initial offering prices. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outlook for the GCC IPO market is positive<\/strong>, according to PwC, which cites a healthy pipeline for IPOs in the region from companies from a diverse range of sectors <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bond market recorded USD 4.4 bn worth of issuances in 3Q<\/strong>, up 30% y-o-y, according to PwC. Meanwhile, some USD 5.2 bn in Sukuk were issued, with 88% listed on Nasdaq Dubai and the Qatar Stock Exchange. GCC governments accounted for nearly 65% of sukuk and bond issuances.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>#2- <\/strong><strong>MAF<\/strong><strong> shuts down Carrefour-branded stores in Jordan + launches new supermar<\/strong><strong>ket chain:<\/strong> Dubai-based conglomerate Majid Al Futtaim (MAF) shut down its Carrefour stores in Jordan, replacing them with a new Jordanian retail chain, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/CarrefourJordanOfficialPage\/posts\/pfbid026qtwnniRYCpQ8ZX7QrLqGU5zsNfDRZJRWwhjRi8C5njbBjDEfPE2GNuy9BqKbLU2l\" style=\"\" rel=\"noopener\">statement<\/a>. The new chain \u2014 Hypermax \u2014 will see the first store <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/383.jpg\" style=\"\" rel=\"noopener\">inaugurated today<\/a> at City Mall in Amman. The store will be the first of 34 that the brand plans to roll out across the Kingdom. Hypermax will focus on providing locally sourced food products and household essentials.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> While the company did not reveal the reason behind the closure, the move follows a <a target=\"_blank\" href=\"https:\/\/bdsmovement.net\/boycott-carrefour\" style=\"\" rel=\"noopener\">campaign<\/a> by the Boycott, Divestment, and Sanctions (BDS) movement in Jordan targeting the retailer for its position on the current conflict in Gaza. The company operates 375 Carrefour stores across 15 countries and owns the rights to operate the brand in over 30 countries in the Middle East, Africa and Asia. <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-05\/dubai-s-majid-al-futtaim-maf-shutters-carrefour-stores-in-jordan\" style=\"\" rel=\"noopener\">Bloomberg<\/a> also had the story.<\/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- Mubadala Energy and PLN eye gas power project in South Andaman: <\/strong>Mubadala Energy and Indonesia's Perusahaan Listrik Negara (PLN) inked an agreement to explore power generation from the South Andaman blocks to address Indonesia\u2019s energy demand and for infrastructure development, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/collaboration-agreement-signed-between-mubadala-energy-and-perusahaan-listrik-negara-q7acnkdl\" style=\"\" rel=\"noopener\">press release<\/a>. The entities will conduct a joint study to examine potential gas processing and transportation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This follows Mubadala\u2019s discovery of over 8 tn cubic feet of natural gas at the Layaran and Tangkulo fields in North Sumatra in South Andaman<\/strong>, offshore North Sumatra, Indonesia, earlier in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/96715b67-b664-4127-8363-7503397f58c5\/mubadala-reveals-gas-discovery-offshore-indonesia\" style=\"\" rel=\"noopener\">May<\/a>, marking the company\u2019s second deepwater find in South Andaman, following one at the Layaran-1 well in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/225aee53-f8e4-45ff-8e0e-683f6ee64fbc\/yellow-door-to-power-aldar-properties-%2B-mubadala-announces-new%253cmark%253e-gas%253c%2Fmark%253e-find-in-indonesia\" style=\"\" rel=\"noopener\">December of last year<\/a>. The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3b778ebb-347e-4133-b54b-7d5a90432b61\/kayali-fragrance-sale-in-the-works-as-huda-beauty-mulls-strategic-move\" style=\"\" rel=\"noopener\">wrapped up<\/a> its drilling campaign in South Andaman in September. <\/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>Umm Al Qaiwain is stepping up its logistics game:<\/strong> Umm Al Quwain Crown Prince Sheikh Rashid bin Saud bin Rashid Al Mu\u2019alla announced the establishment of a Logistics City and a Cargo Airport during the UAE Government Annual Meetings 2024, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b61k52l-umm-qaiwain-launches-logistics-city-cargo-airport\" style=\"\" rel=\"noopener\">Wam<\/a> reports. .<\/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- UAE banks\u2019 total capital and deposits rose by 10.5<\/strong><strong>% y-o-y to reach an <\/strong><strong>all-time high of AED 502.6 bn in July 2024<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/401.pdf\" style=\"\" rel=\"noopener\">Central Bank of the UAE\u2019s (CBUAE) statement (pdf)<\/a>. Meanwhile, total investments by banks increased by 19.3% y-o-y to AED 691.2 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Supreme Committee for Urban Planning <\/strong><strong>allocated <\/strong><strong>over 17.4k res<\/strong><strong>idential land <\/strong><strong>plots to citizens since the launch of Dubai 2040 Urban Master Plan in March 2021<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/b60yhp3-%D8%A7%D9%84%D8%B9%D9%84%D9%8A%D8%A7-%D9%84%D9%84%D8%AA%D8%AE%D8%B7%D9%8A%D8%B7-%D8%A7%D9%84%D8%AD%D8%B6%D8%B1%D9%8A-%D8%AA%D8%B3%D8%AA%D8%B9%D8%B1%D8%B6-%D8%A7%D9%84%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9-%D9%88%D8%A7%D9%84%D9%85%D8%A8%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Bond and sukuk issuances in the UAE reached USD 294.4 bn in 3Q 2024<\/strong>, up 13.1% y-o-y, Fitch Ratings\u2019 Managing Director and Global Head of Islamic Finance Bashar Al Natoor told <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/b61jx4q-%D9%81%D9%8A%D8%AA%D8%B4-2944-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D9%83%D9%88%D9%83-%D9%88%D8%A7%D9%84%D8%B3%D9%86%D8%AF%D8%A7%D8%AA\" style=\"\" rel=\"noopener\">Wam<\/a>. Sukuk comprised 20% of total issuances \u2014 making the UAE the world\u2019s fourth largest sukuk issuer, with a 6.6% share of the global sukuk market. Regionally, the UAE ranks second in the GCC for total outstanding sukuk with a 16.2% share.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AED-denominated issuances made up 21.1% of total issuances by 1H 2024<\/strong>, bolstered by the government\u2019s AED-focused monetary policy, Al Natoor explained. The UAE also leads in USD-denominated debt issuance among emerging markets (excluding China), trailing only Saudi Arabia and Brazil.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The debt market is forecast to surpass USD 300 bn by the end of 2024<\/strong>, Al Natoor said. <\/p>\n<p class=\"tag-border-left\">PSAs-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong> #1- Sewage fees are getting more expensive: <\/strong>Dubai Municipality greenlit a new sewage fee structure \u2014 its first update in 10 years \u2014 to keep pace with a rising population and encourage water conservation, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/november\/05-11\/dubai-municipality\" style=\"\" rel=\"noopener\">statement<\/a>. The new tariff system will be rolled out gradually over the next three years, with the structure outlined below:<\/p>\n<ul>\n<li>1.5 fils per gallon starting in 2025;<\/li>\n<li>2 fils per gallon starting in 2026;<\/li>\n<li>2.8 fils per gallon starting in 2027.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new tariff still sits below the global average<\/strong>, Dubai authorities said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Sharjah authorities approved a budget of over AED 75 mn<\/strong><strong> to cancel citizen debt<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/sheikhdrsultan.ae\/Portal\/en\/media-center\/activity\/5\/11\/2024\/%D8%A8%D8%AA%D9%88%D8%AC%D9%8A%D9%87%D8%A7%D8%AA-%D8%B3%D9%84%D8%B7%D8%A7%D9%86-%D8%A7%D8%B9%D8%AA%D9%85%D8%A7%D8%AF-752-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D8%B1%D9%87%D9%85-%D9%84%D8%B3%D8%AF%D8%A7%D8%AF-%D9%85%D8%AF%D9%8A%D9%88%D9%86%D9%8A%D8%A9-158-%D8%AD%D8%A7%D9%84%D8%A9-%D8%A8%D8%A7%D9%84%D8%B4%D8%A7%D8%B1%D9%82%D8%A9.aspx\" style=\"\" rel=\"noopener\">statement<\/a> <strong>. <\/strong>The approved amount is designated for the 27th batch of payments, aimed at settling the debts of 158 individuals, including those convicted in financial cases and deceased insolvent. This latest batch takes the total payouts to AED 1.2 bn.<\/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- LuLu Retail will set the final price for its IPO today<\/strong>, after boosting the size of the offering to 30% amid heightened demand that saw order books <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/33cf23f4-04e9-4d48-8f12-5f902b4e03f2\/%253cmark%253elulu%253c%2Fmark%253e-retail-ipo-sells-out-within-one-hour\" style=\"\" rel=\"noopener\">fully<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/33cf23f4-04e9-4d48-8f12-5f902b4e03f2\/%253cmark%253elulu%253c%2Fmark%253e-retail-ipo-sells-out-within-one-hour\" style=\"\" rel=\"noopener\">subscribed<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/33cf23f4-04e9-4d48-8f12-5f902b4e03f2\/%253cmark%253elulu%253c%2Fmark%253e-retail-ipo-sells-out-within-one-hour\" style=\"\" rel=\"noopener\"><\/a> within the first hour of opening. Shares will start trading on 14 November. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adipec.com\/\" style=\"\" rel=\"noopener\">Adipec<\/a><\/strong><strong> is on its third day today and runs through to tomorrow<\/strong> at Adnec Center in Abu Dhabi. The event \u2014 the biggest oil and gas forum in the world \u2014 brings together over 40 ministers and over 200 C-suite executives and technology leaders from the Middle East, Asia, Africa, Europe, and the Americas, focusing on innovation and partnerships to advance the energy transition. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The 2024 UAE Government Annual Meetings are on their final today in Abu Dhabi<\/strong>, chaired by Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum, according to the <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/november\/03-11\/uae-government-annual-meetings-kick-off-in-abu-dhabi-tomorrow\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The meetings bring together over 500 dignitaries, including UAE rulers, crown princes, and government officials to discuss means for enhancing the country\u2019s government performance and competitiveness. The meetings wrap tomorrow. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This year\u2019s agenda features new organizational priorities and frameworks<\/strong>, with national retreats focusing on identity, family, and AI, and panel sessions to review national priorities and strategies for economy and investment, AI, education, sports, family, and community empowerment. Dedicated sessions for young government leaders are also on the roster, alongside exclusive local government meetings for Ajman, Umm Al Quwain, and Ras Al Khaimah.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/visit.gulfoodmanufacturing.com\/?utm_source=google&amp;utm_medium=search&amp;utm_campaign=LS_GFM_Brand_t2_280824&amp;utm_adgroup=Brand&amp;utm_term=gulfood%20manufacturing%202024%20dates&amp;device=c&amp;utm_matchtype=e&amp;utm_network=g&amp;utm_placement=&amp;utm_content=717630097134&amp;utm_Adposition=&amp;utm_location=9196764&amp;utm_Sitelink=%7D&amp;utm_Audience=kwd-2228097508204&amp;utm_campaignid=21635108769&amp;utm_adgroupid=168569381426&amp;gad_source=1&amp;gclid=Cj0KCQjwmt24BhDPARIsAJFYKk0kaXXzX5DB-UQ-WHur4t-fQnKGBc0QBxDAE_VkkHpJWo6INwHwXNcaAoQcEALw_wcB\" style=\"\" rel=\"noopener\">Gulfood Manufacturing<\/a><\/strong><strong> is on its second day today and runs through to Thursday<\/strong> at the Dubai World Trade Center. The event will showcase trends and solutions in global food manufacturing, with more than 2.5k companies set to attend.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.gulfhost.ae\/\" style=\"\" rel=\"noopener\">GulfHost<\/a><\/strong><strong> is also on its second day<\/strong> <strong>at the Dubai World Trade Center and run through <\/strong><strong>to Thursday<\/strong>. The event will feature over 350 exhibitors showcasing innovations in hospitality and foodservice equipment, along with networking opportunities for more than 25k industry professionals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubaidesigndistrict.com\/the-community\/events\/design-next\" style=\"\" rel=\"noopener\">Design Next<\/a><\/strong><strong> exhibition is on its second day at the Dubai Design Di<\/strong><strong>strict <\/strong>as part of Dubai Design Week and wraps up Sunday, 10 November. The event showcases sustainable design solutions and features discussions by industry leaders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- The WHO\u2019s latest <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.emtglobalmeeting2024.com\/\" style=\"\" rel=\"noopener\">Emergency Medical Teams (EMT) Global Meeting<\/a><\/strong><strong> starts<\/strong><strong> today at <\/strong><strong>Conrad Abu Dhabi Etihad Towers<\/strong>, marking the first time the event is hosted in the Middle East. Organized in partnership with Abu Dhabi\u2019s Department of Health, the meeting aims to advance global emergency response and rapid deployment capabilities. It will wrap this Thursday, 7 November.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#8- Dubai is hosting the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/events.futureforums.com\/world-finance-forum-dubai\" style=\"\" rel=\"noopener\">World Finance Forum 2024<\/a><\/strong><strong> today <\/strong>at Sofitel Dubai The Palm. The event will welcome CFOs and finance directors from leading companies to discuss emerging trends, growth prospects, and potential challenges in the financial landscape.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#9- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.uaebiotechsymposium.com\/\" style=\"\" rel=\"noopener\">UAE BioTech Symposium<\/a><\/strong><strong> is on its final day in Masdar City. <\/strong>The event discusses the latest developments in biotechnology, with participants including researchers, entrepreneurs, government entities, and strategic investors.<\/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>No surprises here:<\/strong> Election Day in the US is fully dominating news coverage in the international press this morning, as polls close and the ballot counting continues. The counting is likely to take several days, particularly as this year\u2019s elections are closely contested and several states are \u201ctoo close to call\u201d and likely to hinge on the results from the country\u2019s seven swing states \u2014 Georgia, North Carolina, Pennsylvania, Arizona, Michigan, Nevada, and Wisconsin. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know so far:<\/strong> Donald Trump is so far in the lead, with victories in Texas and Florida \u2014 each of which have a large number of electoral votes \u2014 as well as a smattering of other states. Kamala Harris has secured a victory so far in Washington, D.C., Vermont, and Massachusetts, among others. Trump is looking likely to secure the overall vote, although Harris still has a path to victory if she manages to come out on top in Pennsylvania, Michigan, and Wisconsin. Meanwhile in the Senate, the Republican Party has so far gained a seat and is closing in on a majority. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You can check out live results<\/strong> from the <a target=\"_blank\" href=\"https:\/\/apnews.com\/live\/trump-harris-election-updates-11-5-2024\" style=\"\" rel=\"noopener\">Associated Press<\/a>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/graphics\/USA-ELECTION\/RESULTS\/zjpqnemxwvx\/\" style=\"\" rel=\"noopener\">Reuters<\/a>, the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2024\/11\/05\/us\/trump-harris-election\" style=\"\" rel=\"noopener\">New York Times<\/a>, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/trump-harris-election-day-results-2024\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>. The <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3122eb74-e942-4209-a5ce-d150b2ca5692\" style=\"\" rel=\"noopener\">Financial Times<\/a> and <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-05\/us-election-results-2024-when-will-we-know-who-won\" style=\"\" rel=\"noopener\">Bloomberg<\/a> also have coverage.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN NON-ELECTION NEWS- Israeli Prime Minister Benjamin Netanyahu fired Defense <\/strong><strong>Minister Yoav Gallant<\/strong> and appointed Israel Katz \u2014 who was foreign minister \u2014 in his stead. Gideon Saar is now Israel\u2019s foreign minister in Katz\u2019s place. Netanyahu\u2019s decision to fire Gallant \u2014 a move he was reportedly considering for weeks \u2014 is due to the two disagreeing on critical issues, including Gallant supporting a ceasefire and hostage release agreement with Hamas in Gaza. The former defense minister was also pressing for an investigation into the country\u2019s security failures in Hamas\u2019 7 October attack, and opposes a law that would allow ultra-Orthodox Jews to be exempt from mandatory military service. <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israeli-airstrikes-kill-least-30-palestinians-gaza-medics-say-2024-11-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a>, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/82920eec-a4d0-4cbf-a0b2-599ae44091aa\" style=\"\" rel=\"noopener\">Financial Times<\/a>, <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/11\/05\/israel-netanyahu-fires-defense-minister-gallant\" style=\"\" rel=\"noopener\">Axios<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-05\/israel-s-netanyahu-fires-defense-minister-over-war-disagreements\" style=\"\" rel=\"noopener\">Bloomberg<\/a> have the story.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.&nbsp;<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 that we also cover <\/strong><strong><a target=\"_blank\" 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data-image-meta=\"[]\" data-image-title=\"449.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/449.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/449.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97587\" class=\"content-area-description single-story post-97587 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-dubai tag-economy tag-enterpriseam-uae tag-inflation tag-pmi tag-sp-global 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\/11\/.a92b24b7-f414-4934-a284-e0976f59fe77.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Non-oil business activity saw a slight acceleration in growth during <\/strong><strong>October<\/strong>, driven by an overall increase in business activity as companies pushed to meet rising demand and contain backlogs, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/378.pdf\" style=\"\" rel=\"noopener\">S&amp;P Global\u2019s UAE Purchasing Managers\u2019 Index (pdf)<\/a>. The UAE\u2019s headline PMI rose to 54.1 from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/304af4b8-9533-4c54-ae28-d8cabbe598ec\/non-oil-business-growth-sees-continued-loss-of-momentum-in-september\" style=\"\" rel=\"noopener\">53.8 in September<\/a>, still above the 50.0 threshold separating growth from contraction, but below the readings of 1H 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite increased new work intakes in October, demand momentum declined to its <\/strong><strong>weakest level in 20 months<\/strong>, as some firms reported a drop in sales due to elevated market competition. Meanwhile, business activity grew at its highest clip since April, with companies raising output to meet sales volumes and maintaining strong client numbers. On the downside, the growth in employment came at its mildest rate in 2.5 years on the back of softened new business growth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This deceleration signals that \u201cthe non-oil economy is losing strength after a robust <\/strong><strong>growth period in late 2023\/early 2024,\u201d <\/strong>according to S&amp;P Senior Economist David Owen.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the bright side, competition is catching up with prices:<\/strong> Input cost inflation declined due to a slowdown in purchase prices and salaries. This development led to a reduction in average selling prices for the first time since April as firms looked to stay competitive amid rising competition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Backlogs are easing, but still indicate a healthy pipeline of work:<\/strong> The rise in backlogs is easing up due to improvement in supplier delivery times and rapid consumption of delivered inputs to keep up with orders, keeping stock levels at similar margins compared to the previous month. Heavy work backlogs and ongoing contracts are positive signs that the non-oil economy will continue to grow in the upcoming months even if sales decrease, Owen said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Business sentiment shifted to a slightly more optimistic outlook, yet remaining at one of <\/strong><strong>its lowest levels this year. <\/strong>The positive expectations are driven by firms becoming increasingly confident in demand growth, due mostly to strong sales pipelines. However, uncertainty and high competition are still causing caution.<\/p>\n<p class=\"tag-border-left\">MEANWHILE, IN DUBAI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s PMI saw slower growth in comparison to the UAE, falling to a three-month low of 53.2 in <\/strong><strong>October<\/strong>, down from 54.1 in September. New business intakes increased by the lowest rate since early 2022 on the back of strong competition and challenging market conditions, leading to a slowdown in employment growth. Meanwhile, output growth rose to a five-month high in the emirate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Average selling prices dropped for the first time since April<\/strong> due to strong competition, despite an increase in input costs.<\/p>\n<p class=\"tag-border-left\">ELSEWHERE IN THE REGION-<\/p>\n<ul>\n<li><strong>Saudi Arabia\u2019s business activity rose to a six-month high of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/380.pdf\" style=\"\" rel=\"noopener\">56.9 (pdf)<\/a><\/strong><strong> in October<\/strong>, up from 56.3 in September, on the back of a sharp increase in sales and expansions in business and purchasing activity.<\/li>\n<li><strong>Egypt\u2019s non-oil private sector activity marginally improved to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/379.pdf\" style=\"\" rel=\"noopener\">49 (pdf)<\/a><\/strong><strong> in October<\/strong> from 48.8 in September \u2014 still below the threshold separating growth from contraction \u2014 as strong cost pressures continue to prop up selling prices.<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/pmi\/\">PMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sp-global\/\">S&amp;P Global<\/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=\"97589\" 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=\"97589\">\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\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/uae-unveils-new-strategy-to-triple-fdi-by-2031\/\">\r\n                            UAE unveils new strategy to triple FDI by 2031                        <\/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\/11\/06\/uae-unveils-new-strategy-to-triple-fdi-by-2031\/\" 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\/11\/06\/uae-unveils-new-strategy-to-triple-fdi-by-2031\/')\">\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\/11\/06\/uae-unveils-new-strategy-to-triple-fdi-by-2031\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE unveils new strategy to triple FDI by 2031&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/uae-unveils-new-strategy-to-triple-fdi-by-2031\/\">\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\/11\/06\/uae-unveils-new-strategy-to-triple-fdi-by-2031\/&title=UAE unveils new strategy to triple FDI by 2031\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE+unveils+new+strategy+to+triple+FDI+by+2031+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F06%2Fuae-unveils-new-strategy-to-triple-fdi-by-2031%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\/11\/06\/uae-unveils-new-strategy-to-triple-fdi-by-2031\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/454.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97590\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/uae-unveils-new-strategy-to-triple-fdi-by-2031\/454-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/454.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"454.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/454.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/454.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97589\" class=\"content-area-description single-story post-97589 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-uae tag-fdi tag-investment 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\/11\/.78c8c04c-ee69-4a30-b923-aee860acc169.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The UAE aims to triple foreign direct investment (FDI) to AED 2.2 tn by 2031 <\/strong><strong>under a new national investment strategy<\/strong>, Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum <a target=\"_blank\" href=\"https:\/\/x.com\/HHShkMohd\/status\/1853781274407670174\" style=\"\" rel=\"noopener\">said on X<\/a>. The strategy was unveiled on the sidelines of the 2024 UAE Government Annual Meetings, which are on their final day in Abu Dhabi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Thi<\/strong><strong>s is a big boost from earlier targets:<\/strong> The UAE had initially aimed for AED 550 bn in foreign investment by 2031, with plans to scale that up to AED 1 tn by 2051.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> The strategy targets priority sectors like advanced manufacturing and renewable energy, and will aim to expand FDI in existing projects, strengthen international partnerships, enhance investor relations, and boost the UAE\u2019s competitiveness, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/november\/05-11\/mohammed-bin-rashid-attends-unveiling-of-the-national-investment-strategy-2031\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How we\u2019re faring so far: <\/strong>The UAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/971f7a6f-f14d-4a5a-baac-83753239bced\/uae-racks-up-usd-30.69-bn-in-greenfield%253cmark%253e-fdi%253c%2Fmark%253e-inflows\" style=\"\" rel=\"noopener\">attracted<\/a> around USD 30.7 bn (AED 112.6 bn) of FDI inflows for greenfield projects in 2023, representing 45.4% of total foreign direct investment inflows in the region, according to UNCTAD data. It also led with USD 225 bn (AED 826.3 bn) in cumulative FDI balances, comprising 21% of total incoming balances across the region. The country <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0fe23dfc-6d0f-49c1-8aa7-2262599cd752\/this-morning:-nmdc-to-list-epc-services-subsidiary%3F-%2B-uae-ranked-first-globally-in-terms-of-fdi-to-gdp-ratio-in-2023\" style=\"\" rel=\"noopener\">ranked first globally<\/a> in attracting FDI relative to its GDP in 2023.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fdi\/\">FDI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97591 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=\"97591\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/97591-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97591\" class=\"content-area-description single-story post-97591 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/neo\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1087.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97592\" 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=\"97592\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/adipec-day-two-adnoc-signs-a-slew-of-agreements\/\">\r\n                            Adipec day two: Adnoc signs agreements in AI, well control, and carbon capture                        <\/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\/11\/06\/adipec-day-two-adnoc-signs-a-slew-of-agreements\/\" 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\/11\/06\/adipec-day-two-adnoc-signs-a-slew-of-agreements\/')\">\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\/11\/06\/adipec-day-two-adnoc-signs-a-slew-of-agreements\/\">\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=Adipec day two: Adnoc signs a slew of agreements&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/adipec-day-two-adnoc-signs-a-slew-of-agreements\/\">\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\/11\/06\/adipec-day-two-adnoc-signs-a-slew-of-agreements\/&title=Adipec day two: Adnoc signs a slew of agreements\">\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=Adipec+day+two%3A+Adnoc+signs+a+slew+of+agreements+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F06%2Fadipec-day-two-adnoc-signs-a-slew-of-agreements%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\/11\/06\/adipec-day-two-adnoc-signs-a-slew-of-agreements\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/452.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97593\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/adipec-day-two-adnoc-signs-a-slew-of-agreements\/452-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/452.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"452.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/452.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/452.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97592\" class=\"content-area-description single-story post-97592 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-adnoc tag-ai tag-aiq tag-carbon-capture tag-energy tag-enterpriseam-uae tag-masdar tag-microsoft tag-renewables 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\/11\/.542491e9-5a24-4882-9dfc-ee3f5db4d8ab.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The second day of Adipec was dominated by news from Adnoc<\/strong>, with the energy giant signing a slew of agreements with major companies to boost its operations, expand AI deployment, and advance its climate targets. We have a rundown of the agreements below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AI-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE energy giants partner with Microsoft to advance AI deployment: <\/strong>Adnoc and renewables firm Masdar signed a strategic collaboration agreement with Microsoft to advance AI tech and low-carbon initiatives focused on decarbonizing the global energy sector, according to a <a target=\"_blank\" href=\"https:\/\/adnoc.ae\/en\/news-and-media\/press-releases\/2024\/adnoc-and-masdar-collaborate-with-microsoft-to-drive-ai-deployment-and-low-carbon-solutions\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar to power Microsoft\u2019s data centers with renewables:<\/strong> The companies will look into possibilities of powering Microsoft\u2019s data with renewable energy sources from Masdar. They will also explore the use of AI in carbon capture and storage projects and low-carbon ammonia and hydrogen projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Adnoc and Microsoft are expanding their collaboration<\/strong>, launching on monday the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/f61351b7-b475-4fbc-ba67-98b379350db2\/day-one-of-adipec-wraps-with-ai-in-focus#:~:text=New%20AI%20investments,the%20energy%20grid.\" style=\"\" rel=\"noopener\">first autonomous AI solution<\/a>, dubbed EnergyAI, in collaboration with state-owned AI firm G42, and AIQ. The AI agent is set to increase the accuracy of production forecasts by up to 90%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>Microsoft is a key AI partner for the UAE, with the company investing USD 1.5 bn in G42, and pledging to set up artificial intelligence centers in Abu Dhabi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WELL CONTROL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc to digitize 2k wells under USD 920 mn contract:<\/strong> Adnoc has awarded a USD 920 mn contract to Chinese <a target=\"_blank\" href=\"https:\/\/www.jerehglobal.com\/Product\/view\/Frac-Tree-271?gad_source=1&gclid=Cj0KCQiAoae5BhCNARIsADVLzZfxAI6YTN8rCVNDXNQ-K_YoJy13AURKNjZMadvQ9TjZ_fQKjWzERc4aArEIEALw_wcB\" style=\"\" rel=\"noopener\">Jereh<\/a><a target=\"_blank\" href=\"https:\/\/www.jerehglobal.com\/Product\/view\/Frac-Tree-271?gad_source=1&gclid=Cj0KCQiAoae5BhCNARIsADVLzZfxAI6YTN8rCVNDXNQ-K_YoJy13AURKNjZMadvQ9TjZ_fQKjWzERc4aArEIEALw_wcB\" style=\"\" rel=\"noopener\">Oil & Gas Engineering Corporation<\/a> for the digitization of over 2k oil wells at its Bab, Bu Hasa, and Southeast fields, according to a <a target=\"_blank\" href=\"https:\/\/adnoc.ae\/en\/news-and-media\/press-releases\/2024\/adnoc-awards-920-million-contract-to-extend-aipowered\" style=\"\" rel=\"noopener\">press release<\/a>. Slated for completion by 2027, the program aims to boost operational efficiency and optimize the performance of the wells through remote monitoring.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More on the project:<\/strong> The project will be implemented using Adnoc\u2019s private 5G network and AI tech, including Adnoc-Presight-G42 JV AIQ\u2019s AI-powered autonomous well control system, <a target=\"_blank\" href=\"https:\/\/aiqintelligence.ae\/products\/robowell\" style=\"\" rel=\"noopener\">RoboWell<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: Adnoc has been <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a3ad5fc4-4eb7-4931-aaec-d452ab527086\/ultratech-closes-rak-white-cement-acquisition#:~:text=1%2D%20Adnoc%20autonomizes,efficiency%20by%205%25.\" style=\"\" rel=\"noopener\">planning to expand<\/a><\/strong><strong> the tech for some time<\/strong>, initially to 300 wells in its onshore and offshore fields. The expanded project now includes the three fields, following the implementation of RoboWell across 10 wells in its offshore Nasr field. Adnoc previously used RoboWell for its first smart field, dubbed NEB field, in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CARBON CAPTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc is set to expand its carbon-to-rock project in Fujairah<\/strong> after successfully mineralizing 10 tonnes of carbon dioxide into rock formations in Fujairah in under 100 days, in collaboration with Omani carbon removal and mineralization outfit 44.01, according to a <a target=\"_blank\" href=\"https:\/\/adnoc.ae\/en\/news-and-media\/press-releases\/2024\/adnoc-and-4401-to-scale-up-carbon-torock-project-following-successful-pilot\" style=\"\" rel=\"noopener\">press release<\/a>. The scaled-up project will see Adnoc and 44.01 aim to mineralize over 300 tonnes of carbon \u201cover a longer duration\u201d by capturing the greenhouse gas from the atmosphere, dissolving it in seawater, and injecting it into underground rock formations in Fujairah.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Adnoc partnered with 44.01 to pilot the CO2 mineralization technology <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/050b78ab-2927-4d5d-8698-8e55712ad9c9\" style=\"\" rel=\"noopener\">last year<\/a> as part of a USD 15 bn investment to cut its carbon footprint. Adnoc\u2019s carbon management strategy targets capturing 10 mn tons of carbon annually by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR-<\/strong> <strong>Next year\u2019s Adipec will take place on 3-6 November in Abu Dhabi<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b61k4tp-adipec-announces-2025-dates-for-world%E2%80%99s-largest\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aiq\/\">AIQ<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/carbon-capture\/\">carbon capture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/microsoft\/\">Microsoft<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97594\" 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=\"97594\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/fujairah-is-getting-an-aed-2-2-bn-biofuel-processing-facility\/\">\r\n                            Fujairah is getting an AED 2.2 bn biofuel processing facility                        <\/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\/11\/06\/fujairah-is-getting-an-aed-2-2-bn-biofuel-processing-facility\/\" 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\/11\/06\/fujairah-is-getting-an-aed-2-2-bn-biofuel-processing-facility\/')\">\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\/11\/06\/fujairah-is-getting-an-aed-2-2-bn-biofuel-processing-facility\/\">\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=Fujairah is getting an AED 2.2 bn biofuel processing facility&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/fujairah-is-getting-an-aed-2-2-bn-biofuel-processing-facility\/\">\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\/11\/06\/fujairah-is-getting-an-aed-2-2-bn-biofuel-processing-facility\/&title=Fujairah is getting an AED 2.2 bn biofuel processing facility\">\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=Fujairah+is+getting+an+AED+2.2+bn+biofuel+processing+facility+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F06%2Ffujairah-is-getting-an-aed-2-2-bn-biofuel-processing-facility%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\/11\/06\/fujairah-is-getting-an-aed-2-2-bn-biofuel-processing-facility\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/479.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97595\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/fujairah-is-getting-an-aed-2-2-bn-biofuel-processing-facility\/479-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/479.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"479.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/479.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/479.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97594\" class=\"content-area-description single-story post-97594 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-aviation tag-biofuels tag-energy tag-enterpriseam-uae tag-fujairah 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\/11\/.086ed916-d8cf-4b81-a26c-b777541b48c7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> M&M launches new biofuel facility: <\/strong>Singapore-based Energy trader Mercantile & Maritime Group (M&M) is launching an AED 2.2 bn biofuel processing facility at its Mena Terminals facility in Fujairah, according to a <a target=\"_blank\" href=\"https:\/\/www.mercantilemaritime.com\/2024\/11\/05\/mercantile-maritime-group-launches-middle-easts-largest-biofuel-facility-elevates-uaes-green-energy-ambitions\/\" style=\"\" rel=\"noopener\">statement<\/a>. The facility is scheduled for completion in 2026, and is set to be the largest facility of its kind in the Middle East region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The biofuel facility at Mena Terminals will be expanded by over 1 mn sqft, and will produce up to 150 mn liters of sustainable aviation fuel (SAF) annually \u2014 approximately 10% of current global SAF production.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cBy producing SAF locally, we are reducing the nation\u2019s reliance on imports, thereby lessening carbon emissions and minimizing environmental impact across the entire supply chain, including traditional shipping methods. Alternatively, we will utilize the local rail network to transport SAF across the UAE, with future plans for regional distribution,\u201d CEO Murtaza Lakhani said in the statement.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/biofuels\/\">biofuels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fujairah\/\">Fujairah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97596\" 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=\"97596\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/adib-to-launch-fractional-sukuk-with-usd-1k-min-investment\/\">\r\n                            ADIB to offer fractional sukuk to retail investors                        <\/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\/11\/06\/adib-to-launch-fractional-sukuk-with-usd-1k-min-investment\/\" 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\/11\/06\/adib-to-launch-fractional-sukuk-with-usd-1k-min-investment\/')\">\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\/11\/06\/adib-to-launch-fractional-sukuk-with-usd-1k-min-investment\/\">\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=ADIB to launch fractional sukuk with USD 1k min investment&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/adib-to-launch-fractional-sukuk-with-usd-1k-min-investment\/\">\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\/11\/06\/adib-to-launch-fractional-sukuk-with-usd-1k-min-investment\/&title=ADIB to launch fractional sukuk with USD 1k min investment\">\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=ADIB+to+launch+fractional+sukuk+with+USD+1k+min+investment+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F06%2Fadib-to-launch-fractional-sukuk-with-usd-1k-min-investment%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\/11\/06\/adib-to-launch-fractional-sukuk-with-usd-1k-min-investment\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2036.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97597\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/adib-to-launch-fractional-sukuk-with-usd-1k-min-investment\/2036-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2036.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2036.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2036.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2036.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97596\" class=\"content-area-description single-story post-97596 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-abu-dhabi-islamic-bank tag-debt tag-debt-watch tag-enterpriseam-uae tag-sukuk 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\/11\/.0b24a519-3bce-4798-a71d-49729738cf6e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>ADIB to launch fractional sukuk with a min USD 1k investment: <\/strong>Abu Dhabi Islamic Bank (ADIB) is set to debut fractional sukuk after successfully trialing the offering under the supervision of the Securities and Commodities Authority (SCA), according to a <a target=\"_blank\" href=\"https:\/\/www.adib.ae\/en\/pages\/news_details.aspx?id=494\" style=\"\" rel=\"noopener\">statement<\/a>. With a minimum investment of USD 1k instead of the typical USD 200k, the fractional sukuk will help a wider pool of retail investors access the market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the new offering:<\/strong> In collaboration with the federal government\u2019s <a target=\"_blank\" href=\"https:\/\/reglab.gov.ae\/en\/about\" style=\"\" rel=\"noopener\">RegLab<\/a>, the authority tested several \u201cflexible\u201d regulations for the fractional sukuk tech, which digitally divides corporate sukuk into smaller portions. This enables individual investors to pool their funds and purchase fractional shares of high-value corporate sukuk. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>With the trial phase now complete, RegLab will develop a legislative framework for the sukuk tech.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- Emirates Islamic debuted the region\u2019s first fractional sukuk in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5998d490-bb0b-4b9e-8d6f-27776faff3b5\/emirates-islamic-launches%253cmark%253e-fractional-sukuk%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">April<\/a><\/strong>, allowing investors to access the market with a minimum investment requirement of USD 25k.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-islamic-bank\/\">Abu Dhabi Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/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=\"97598\" 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=\"97598\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/uaes-ce-ventures-co-leads-usd-10-mn-seed-round-for-us-biotech-firm\/\">\r\n                            UAE\u2019s CE-Ventures co-leads USD 10 mn seed round for US biotech firm CrossBridge Bio                        <\/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\/11\/06\/uaes-ce-ventures-co-leads-usd-10-mn-seed-round-for-us-biotech-firm\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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CE-Ventures co-led the funding round with <a target=\"_blank\" href=\"https:\/\/tmcventurefund.com\/\" style=\"\" rel=\"noopener\">Texas Medical Center Venture Fund<\/a> and saw participation from Portal Innovations and Alexandria Ventures, in addition to other pre-seed investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the money go?<\/strong> CrossBridge Bio will use the USD 10 mn investment to develop its flagship treatment CBB-120, as a potential treatment for solid tumors. The proceeds will also go towards expanding the company\u2019s pipeline of dual-payload antibody-drug conjugates tech to \u201cmaximize therapeutic effectiveness by delivering targeted therapies directly into cancer cells, minimizing potential off-target effects,\u201d CrossBridge Bio CEO Michael Torres said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About CE-Ventures:<\/strong> The VC arm has invested over USD 500 mn in over 50 firms, focusing on high-growth companies in technology and life sciences, particularly in the fields of novel therapeutics and microbiome-based therapies, according to a separate <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/ce-ventures-co-leads-10mln-financing-round-for-crossbridge-bio-kubxkalh\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/biotech\/\">biotech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ce-ventures\/\">CE-Ventures<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/venture-capital\/\">VENTURE CAPITAL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97600\" 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=\"97600\">\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\">A MESSAGE FROM MASHREQ<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/navigating-the-complex-terrain-of-islamic-banking-challenges-growth-and-digital-disruption\/\">\r\n                            Navigating the complex terrain of Islamic banking: challenges, growth, and digital disruption                        <\/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\/11\/06\/navigating-the-complex-terrain-of-islamic-banking-challenges-growth-and-digital-disruption\/\" 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\/11\/06\/navigating-the-complex-terrain-of-islamic-banking-challenges-growth-and-digital-disruption\/')\">\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\/11\/06\/navigating-the-complex-terrain-of-islamic-banking-challenges-growth-and-digital-disruption\/\">\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=Navigating the complex terrain of Islamic banking: challenges, growth, and digital disruption&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/navigating-the-complex-terrain-of-islamic-banking-challenges-growth-and-digital-disruption\/\">\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\/11\/06\/navigating-the-complex-terrain-of-islamic-banking-challenges-growth-and-digital-disruption\/&title=Navigating the complex terrain of Islamic banking: challenges, growth, and digital disruption\">\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=Navigating+the+complex+terrain+of+Islamic+banking%3A+challenges%2C+growth%2C+and+digital+disruption+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F06%2Fnavigating-the-complex-terrain-of-islamic-banking-challenges-growth-and-digital-disruption%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\/11\/06\/navigating-the-complex-terrain-of-islamic-banking-challenges-growth-and-digital-disruption\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/251.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97601\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/navigating-the-complex-terrain-of-islamic-banking-challenges-growth-and-digital-disruption\/251-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/251.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"251.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/251.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/251.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97600\" class=\"content-area-description single-story post-97600 post type-post status-publish format-standard has-post-thumbnail hentry category-a-message-from-mashreq tag-a-message-from-mashreq tag-banking tag-enterpriseam-uae tag-islamic-finance tag-mashreq 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\/11\/.aa54853f-5dc1-473c-908d-133d43bec852.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"background-color: transparent;\">Contrary to the misconception that Islamic and conventional banking operate in isolated silos, we see banking as a holistic system, where Islamic principles coexist with modern banking needs. However, implementing Islamic banking comes with unique challenges, that we continuously strive to overcome.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One of the biggest hurdles is the intricate regulatory landscape that governs Islamic banking.<\/strong> Unlike conventional banking, where processes are relatively streamlined, we face an additional layer of scrutiny. Every product or service must satisfy not only our internal Sharia governance team but also external authorities like central banks and global bodies like the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). These regulations, though necessary, often add more layers and make Islamic banking less agile compared to conventional models.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For instance, a central challenge is the documentation process.<\/strong> Islamic contracts are notably more complex and voluminous, which places an additional burden on both the bank and the customer. While we ensure that this doesn\u2019t impact the customer\u2019s experience and shariah governance, it\u2019s a reality we must navigate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another growing trend shaping the industry is the integration of Environmental, Social, and Governance (ESG) criteria.<\/strong> Last year, the central bank introduced new ESG requirements, mandating Islamic banks to adhere to higher standards even before conventional institutions. While ESG is undeniably the future of finance, implementing these measures on top of existing Islamic principles adds another layer of complexity. We\u2019re in active discussions with regulators to find a more balanced approach, allowing us the time to integrate these elements without stifling growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In a competitive market dominated by giants, Mashreq has found its competitive edge through digital innovation.<\/strong> The major players may have more capital, but they lag in digital agility. We\u2019ve invested heavily in building a robust digital ecosystem, allowing us to offer seamless, frictionless experiences to our customers\u2014especially in retail banking, where we\u2019ve been recognized as the Best Digital Islamic Bank for two years running.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the future is not just in retail. <\/strong>We are expanding our digital capabilities into corporate banking, where the traditionally relationship-driven model is undergoing a transformation. Through digital onboarding and enhanced trade and working capital services, we aim to lead in corporate Islamic banking as well.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite the rapid growth of fintech in Islamic finance, the focus has been narrowing, often limited to payment solutions.<\/strong> This misses a significant opportunity to digitize more complex banking services, such as mortgages, trade finance, and working capital management. Fintech companies willing to tackle these challenges will find eager partners in Islamic banks like Mashreq, as we seek to streamline processes and enhance customer experiences across the board.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At Mashreq, we\u2019re embracing the challenge<\/strong>s, from regulatory hurdles to ESG mandates, while focusing on digital innovation as our differentiator. The road ahead is complex, but by staying agile and forward-thinking, we are poised to redefine Islamic banking for the modern age.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ibrahim Al Mheiri<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Head of Islamic Banking, Mashreq<\/strong><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/a-message-from-mashreq\/\">A MESSAGE FROM MASHREQ<\/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\/islamic-finance\/\">Islamic finance<\/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=\"97602\" 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=\"97602\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/dib-adnh-apex-and-more-report-3q-earnings\/\">\r\n                            DIB, ADNH, Apex, and more 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\/11\/06\/dib-adnh-apex-and-more-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\/11\/06\/dib-adnh-apex-and-more-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\/11\/06\/dib-adnh-apex-and-more-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=DIB, ADNH, Apex, and more report 3Q earnings&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/dib-adnh-apex-and-more-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\/11\/06\/dib-adnh-apex-and-more-report-3q-earnings\/&title=DIB, ADNH, Apex, and more 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=DIB%2C+ADNH%2C+Apex%2C+and+more+report+3Q+earnings+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F06%2Fdib-adnh-apex-and-more-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\/11\/06\/dib-adnh-apex-and-more-report-3q-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1246.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97603\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/dib-adnh-apex-and-more-report-3q-earnings\/1246-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1246.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1246.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1246.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1246.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97602\" class=\"content-area-description single-story post-97602 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-abu-dhabi-national-hotels-company tag-apex-investment tag-burjeel-holdings tag-earnings-watch tag-enterpriseam-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.0222db83-d65f-40fa-bcb1-bc4e55c08868.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DUBAI ISLAMIC BANK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>D<\/strong><strong>ubai Isl<\/strong><strong>amic Bank (DIB) saw its net income climb 20.9% y-o-y to <\/strong><strong>AED 2.1 bn <\/strong><strong>during 3Q 2024 <\/strong>on the back of a strengthening balance sheet, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/441.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/442.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The lender reported an 8.9% y-o-y increase in its top line to AED 5.7 bn during the three-month period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bank recorded AED 5.5 bn in net income in 9M 2024, marking a 12.9% y-o-y increase<\/strong>, on the back of \u201cimproving operating conditions and continued strong underwriting on new business,\u201d Group CEO Adnan Chilwan said. DIB\u2019s top line rose 16.8% y-o-y to AED 17 bn during the nine-month period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ABU DHABI NATIONAL HOTELS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi National Hotels (ADNH) saw net income fall 38.9% y-o-y to AED 30.2 <\/strong><strong>mn in 3Q 2024,<\/strong> according to the company's consolidated <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/357.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. ADNH's revenues rose 131% y-o-y to AED 694.5 mn.<\/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:<\/strong> ADNH's net income after tax rose 308.8% y-o-y to AED 1.2 bn on the back of the recognition of a fair value gain of AED 916 mn from the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a69bd96b-604b-4972-b19f-0d5ee2dcc965\/%253cmark%253eabu%253c%2Fmark%253e%253cmark%253e-dhabi%253c%2Fmark%253e%253cmark%253e-national%253c%2Fmark%253e%253cmark%253e-hotels%253c%2Fmark%253e-now-fully-owns-its-jv-with-compass-group\" style=\"\" rel=\"noopener\">acquisition of its remaining stake<\/a> in its JV with Compass Group, ADNH Compass, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/358.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company's revenues also rose 73.1% y-o-y to AED 1.9 bn, which was mainly attributed to the consolidation of the catering unit and the full acquisition of ADNH Catering earlier this year from Compass Group.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">APEX INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Apex Investment saw its net income fall 84.9% y-o-y to AED<\/strong><strong> 28.1 mn in 3Q 2024,<\/strong> according to the company's <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/385.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The company's revenues fell 11.7% y-o-y to AED 197.5 mn. <\/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:<\/strong> Apex turned to the black in 9M, with a net income of AED 51.1 mn, up from a net loss of AED 12.5 bn last year. Apex booked an 18.5% y-o-y revenue increase to AED 622.7 mn on the back of new contracts acquired with Adnoc in 2023, and an increase in sales volumes of cement and clinker compared to the previous year, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/386.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\">\n<p class=\"tag-border-left\">BURJEEL HOLDINGS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Healthcare services provider Burjeel Holdings\u2019 net income rose ma<\/strong><strong>rginally to <\/strong><strong>AED 137.4 mn in 3Q 2024<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/411.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The company\u2019s revenues increased by 14.1% y-o-y to AED 1.3 bn in this quarter, driven by 12% growth in patient footfall and improved patient yield, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/412.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 9M basis<\/strong>, net income declined by 15.4% y-o-y to AED 306.2 mn, while the revenue increased by 11.7% y-o-y to AED 3.7 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">UNION COOP-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Union Coop\u2019s net income after tax rose 16.9% y-o-y to AED 49.6 mn in 3Q 2024<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/440.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The company logged AED 430 mn in revenues from sale of goods during the quarter, up 4.5% y-o-y. On a nine-month basis, Union Coop\u2019s net income rose 19.7% y-o-y to AED 212.7 mn, while income increased to AED 1.4 bn during the first nine months of the year, up 5% y-o-y.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-national-hotels-company\/\">Abu Dhabi National Hotels Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/apex-investment\/\">Apex Investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/burjeel-holdings\/\">Burjeel Holdings<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97604\" 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=\"97604\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/dae-signs-lease-agreements-with-eastar-jet-for-three-boeing-737-8-aircraft\/\">\r\n                            DAE signs lease agreements with Eastar Jet for three Boeing 737-8 aircraft                        <\/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\/11\/06\/dae-signs-lease-agreements-with-eastar-jet-for-three-boeing-737-8-aircraft\/\" 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 aircraft are scheduled for delivery in mid-2025 and 1Q of 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DAE is on a roll: <\/strong>DAE inked a lease agreement on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/f298ace4-44c9-4e82-bebf-b3a284f447ac\/hainan-leases-four-new-aircraft-from%253cmark%253e-dae%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Monday<\/a> with China\u2019s Hainan Airlines for four Boeing 737-8, scheduled for delivery in Q4 2025 and 1Q 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Emirates resumed flights to Edinburgh for<\/strong><strong> the first time since 2020<\/strong>, reinstating the airline's eighth UK destination, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/november\/05-11\/emirates-returns-to-edinburgh\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The daily service is Emirate\u2019s second route connecting Dubai to Scotland, along with Glasgow, providing a total of 14 weekly flights to and from Scotland.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CUSTOMS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Customs partnered with DP World to overhaul its customs systems by u<\/strong><strong>pgrading digital trade and logistics solutions<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/november\/05-11\/dubai-customs-and-dp-world-agreement\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The move seeks to streamline customs procedures for businesses in Dubai and facilitate cross-border trade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TELECOMS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>du expands UAE 5G network: <\/strong>Telecom operator du partnered with Swedish telco Ericsson to expand its 5G network capacity across the UAE by using Ericsson\u2019s radio access network portfolio, according to a <a target=\"_blank\" href=\"https:\/\/www.ericsson.com\/en\/press-releases\/5\/2024\/ericsson-and-du-expand-5g-network-in-uae\" style=\"\" rel=\"noopener\">press release<\/a>. The partnership will also support the deployment of services like augmented reality, virtual reality, and cloud gaming.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A digital lung cancer detection platform in the works:<\/strong> The Health and Prevention Ministry signed an MoU with pharma giant AstraZeneca to establish a digital platform for lung health assessment and lung cancer early detection, with a focus on high-risk groups, namely people aged 50+ and current and former smokers, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b61k4kv-ministry-health-partners-with-astrazeneca-drive\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Under the agreement, both parties will also work together to update lung cancer early detection programs and initiatives nationwide, as well as offer training programs to medical staff.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DISPUTE WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MixJet threatens legal action against Uganda Airlines:<\/strong> Dubai-based jet fuel supplier MixJet Flight Support could take legal action against Uganda Airlines, after the carrier failed to comply with the MixJet\u2019s request to pay at least USD 6 mn of the USD 10 mn debt owed for fuel services, <a target=\"_blank\" href=\"https:\/\/www.monitor.co.ug\/uganda\/news\/national\/dubai-firm-threatens-legal-action-against-uganda-airlines-over-shs37b-fuel-debt-4811420\" style=\"\" rel=\"noopener\">Monitor<\/a> reports, citing a source at MixJet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> MixJet communicated with Uganda\u2019s flag carrier\u2019s CEO Jenifer Bamuturaki on 1 November its decision to take legal action if Uganda Airlines didn\u2019t adhere to a 48-hour ultimatum. Uganda Airlines has reportedly offered to pay USD 2 mn, but MixJet stood its ground on receiving a minimum of USD 6 mn. A representative from Uganda Airlines explained that the delay in payments is due to the airline's policy of verifying fuel usage through technical logs rather than relying solely on supplier invoices, while claiming that the outstanding debt in question is USD 8 mn, not USD 10 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Deyaar launches its debut Abu Dhabi project: <\/strong>Dubai-based developer <a target=\"_blank\" href=\"https:\/\/www.deyaar.ae\/en\/\" style=\"\" rel=\"noopener\">Deyaar<\/a><a target=\"_blank\" href=\"https:\/\/www.deyaar.ae\/en\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.deyaar.ae\/en\/\" style=\"\" rel=\"noopener\">Development<\/a> expanded into Abu Dhabi with its first residential project in the emirate, Rivage, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/403.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The development, located on Al Reem Island, features one- to three-bedroom residences, duplexes, and villas, with construction scheduled to wrap up in 4Q 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Downtown Dubai logs biggest transaction this year: <\/strong>Driven Properties acquired Emaar Square Building 3 for AED 505 mn, securing 378.9k sq ft of premium office space and marking the largest real estate transaction in Downtown Dubai this year, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/real-estate\/downtown-dubai-sees-137mln-property-deal-biggest-of-year-qmlvzbk9\" style=\"\" rel=\"noopener\">Trade Arabia<\/a> reports. Driven Properties plans to relocate its headquarters to Emaar Square 3. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEFENSE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Defense conglomerate Edge Group and Italian shipbuilding company Fi<\/strong><strong>ncantieri <\/strong><strong>inked an MoU to design, develop, and produce manned and unmanned underwater systems <\/strong>through their new Abu Dhabi-based venture, Maestral, formed earlier in <a target=\"_blank\" href=\"https:\/\/www.fincantieri.com\/en\/media\/press-releases\/2024\/edge-group-and-fincantieri-formalise-maestral-shipbuilding-joint-venture-and-announce-400-million-euro-order-for-10-naval-vessels\/\" style=\"\" rel=\"noopener\">May<\/a>, according to a company <a target=\"_blank\" href=\"https:\/\/www.fincantieri.com\/en\/media\/press-releases\/2024\/edge-group-and-fincantieri-move-to-jointly-develop-underwater-solutions\/\" style=\"\" rel=\"noopener\">statement<\/a>. The agreement marks Edge\u2019s entry into underwater defense, focusing on developing systems for naval use worldwide.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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\/customs\/\">Customs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/deyaar-development\/\">Deyaar Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dispute-watch\/\">dispute watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/du\/\">du<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-customs\/\">Dubai Customs<\/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\/healthcare\/\">Healthcare<\/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\/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=\"97606\" 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=\"97606\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/investors-watch-equities-bonds-and-crypto-as-us-election-unfolds\/\">\r\n                            Investors watch equities, bonds, and crypto as US election unfolds                        <\/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\/11\/06\/investors-watch-equities-bonds-and-crypto-as-us-election-unfolds\/\" 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\/11\/06\/investors-watch-equities-bonds-and-crypto-as-us-election-unfolds\/')\">\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\/11\/06\/investors-watch-equities-bonds-and-crypto-as-us-election-unfolds\/\">\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=Investors watch equities, bonds, and crypto as US election unfolds&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/investors-watch-equities-bonds-and-crypto-as-us-election-unfolds\/\">\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\/11\/06\/investors-watch-equities-bonds-and-crypto-as-us-election-unfolds\/&title=Investors watch equities, bonds, and crypto as US election unfolds\">\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=Investors+watch+equities%2C+bonds%2C+and+crypto+as+US+election+unfolds+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F06%2Finvestors-watch-equities-bonds-and-crypto-as-us-election-unfolds%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\/11\/06\/investors-watch-equities-bonds-and-crypto-as-us-election-unfolds\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/464.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97607\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/06\/investors-watch-equities-bonds-and-crypto-as-us-election-unfolds\/464-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/464.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"464.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/464.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/464.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97606\" class=\"content-area-description single-story post-97606 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-federal-reserve tag-financial-markets tag-planet-finance tag-politics tag-wall-street 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\/11\/.ba9ebb68-0c7f-4593-ae81-7c88c3c9d32a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re hours away from the results of one heated US presidential race<\/strong>, and financial markets are gearing up for the wild swings to come. Traders are bracing for heightened volatility amid a tight race between Republican candidate Donald Trump and Democratic candidate Kamala Harris. The stakes are high, with potential policy shifts, economic ramifications, and the Federal Reserve\u2019s imminent rate decision all poised to impact investor sentiment and market movements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have the latest on the election<\/strong> in What We\u2019re Tracking Today, above. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">This election\u2019s outcome is poised to reshape various sectors<\/strong><span style=\"background-color: transparent;\">, from healthcare and energy to technology and banking. A Trump victory could boost traditional energy stocks, while a Harris victory might favor renewable energy and tech sectors due to anticipated regulatory changes. Market participants are adjusting their portfolios accordingly, preparing for sector-specific impacts based on the election\u2019s result.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s at stake for markets?<\/strong> As the dust settles on one of the most divisive US presidential elections in history, investors are zeroing in on the potential market ripples. From equities to bonds, currencies, and crypto, each asset class is poised for unique shifts depending on whether Trump or Harris claims victory.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Equities:<\/strong> Post-election market movements are expected to be sector-specific rather than broad-based. Stuart Kaiser from Citigroup notes that traders are bracing for a 1.8% swing in either direction for the S&amp;P 500 immediately following the results. Goldman Sachs' indexes \u2014 which track stocks favorable to either a Trump or Harris victory \u2014 show divergent trends; Trump-linked baskets waned in late October while Harris-aligned stocks gained momentum. \u201cThis will be one of the most easily investible election results ever, given the policy divergence between the two candidates,\u201d David Wagner from Aptus Capital Advisors told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-05\/wall-street-s-great-election-trades-now-face-the-moment-of-truth?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pulse check: <\/strong>All of the nation\u2019s major indices closed in the green last night \u2014 the benchmark S&amp;P 500 was up 1.2%, the Dow Jones closed 1.0% higher, and the Nasdaq saw the most significant increases with a 1.4% gain. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bonds:<\/strong> \u201cThe markets are most concerned about a sweep and the lack of checks and balances,\u201d BNY Mellon Wealth Management\u2019s John Flahive told Bloomberg. Meanwhile, JPMorgan strategists predict that a Republican sweep could push 10-year yields higher, while a Harris victory with a divided Congress might stabilize the bond market, fostering a relief rally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Currencies:<\/strong> Trump\u2019s tariff policies are likely to bolster the USD, potentially pushing it by 7% higher on a trade-weighted basis, according to JPMorgan\u2019s Meera Chandan. This would weaken other currencies like CNY, MXN, and most notably the EUR. A Harris victory, on the other hand, could weaken the USD and strengthen the EUR, with the threat of new tariffs in the rearview.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Crypto:<\/strong> It appears unlikely that the crypto sector would be harmed by which way the election race goes \u2014 A Trump administration will create a strategic reserve of BTC and ease regulatory constraints, spurring optimism in the crypto market, while a Harris administration \u201cwouldn\u2019t necessarily be a negative for the sector,\u201d writes Bloomberg. \u201cWhoever the next administration is, it\u2019s going to take a very different approach on a regulatory perspective toward crypto,\u201d Chris Rhine from Galaxy Digital is quoted as saying by Bloomberg. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story is getting a lot of ink in international press:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-05\/wall-street-s-great-election-trades-now-face-the-moment-of-truth?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/11\/04\/what-the-stock-market-typically-does-after-the-us-election-according-to-history.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/anxious-global-investors-brace-long-awaited-us-election-results-2024-11-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2024\/nov\/04\/presidential-election-betting-odds-polling\" style=\"\" rel=\"noopener\">The<\/a><a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2024\/nov\/04\/presidential-election-betting-odds-polling\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2024\/11\/05\/investing\/us-stocks-presidential-election-outcome\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a>. <\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asia-Pascific markets are mostly in the green in early trading. <\/strong>Japan\u2019s Nikkei is leading the gains, up over 1.7%, Shanghai is up 0.6%, and South Korea\u2019s Kospi is up 0.1%. The Hang Seng Index is in the red, down 1.1%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on Wall Street<\/strong>, stock futures are flat as investors sit awaiting the results of the presidential election. <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,384<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: -2.0%)<\/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>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\">4,595<\/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: +13.2%)<\/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>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">3,850<\/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\">+0.9% (YTD: +0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.7% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.3% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,015<\/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: +0.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">30,794<\/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: +23.7%)<\/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\">5,783<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.2% (YTD: +21.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,172<\/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: +5.7%)<\/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>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\">4,870<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +7.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 75.57<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2.67<\/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\">-4.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,750<\/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 69,606<\/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\">+2.4% (YTD: +64.5%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.6% yesterday<\/strong> on turnover of AED 1.1 bn. The index is down 2.0% 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>Abu Dhabi National Takaful Co. (+14.9%), Gulf Pharmaceutical Industries (+10.5%) and Fujairah Building Industries (+10.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Bank of Sharjah (-2.2%), Adnoc Gas (-1.8%) and Americana Restaurants International (-1.3%). <\/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 rose 0.2% on turnover of AED 309.4 mn. Meanwhile, Nasdaq Dubai closed up 0.9%.<\/p>\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates Hospitals Group (EHG) completed its restructuring plan under UAE bankr<\/strong><strong>uptcy law<\/strong>, reducing its debt, securing fresh funds for operations and capital expenses, and introducing new governance guidelines, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/hospitals-group-announces-successful-completion-of-restructuring-plan-duddqg0b\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>EHG\u2019s parent company KBBO Group received the greenlight for the restructuring plan <a target=\"_blank\" href=\"https:\/\/www.deloitte.com\/middle-east\/en\/about\/press-room\/deloitte-to-deliver-the-restructuring-of-kbbo-group.html\" style=\"\" rel=\"noopener\">last year<\/a>, which included raising AED 150 mn in new capital, recapitalizing its balance sheet, and an option to implement asset disposal and rationalization. The financial troubles stemmed from three years ago when founder Khalifa Bin Butti Al Muhairi filed for bankruptcy after the collapse of NMC Health, in which KBBO was the largest shareholder.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>JBF RAK also finalized its restructuring plan<\/strong>, officially exiting the JBF Group to establish independent governance, management, and operations, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/jbf-rak-announces-completion-of-corporate-restructuring-to-drive-growth-xsvg4n2e\" style=\"\" rel=\"noopener\">press release<\/a>. Under the new structure, JBF RAK will operate separately from JBF Bahrain and JBF Belgium, with funding and strategic support from the Investment and Development Office (IDO) of Ras Al Khaimah, which may take on full ownership of JBF RAK in the future as part of the plan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IDO appointed a new executive team for JBF RAK<\/strong>, led by CEO Rohit Vashistha (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/rohit-vashistha-9241a62\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>). Vashistha previously served as CEO of Indorama Ventures in Turkey.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/federal-reserve\/\">Federal Reserve<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/politics\/\">politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/wall-street\/\">Wall Street<\/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=\"97608\" 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\/11\/06\/97608-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97608\" class=\"content-area-description single-story post-97608 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\">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>4-6 November (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/en\/article\/b5wsnwg-supreme-legislation-committee-dubai-host-6th\" style=\"\">Legislative week<\/a><\/span><span style=\"font-weight:400;\">, Mohammed bin Rashid Al Maktoum Library, 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;\">6 November (Wednesday): LuLu Group\u2019s IPO final price to be disclosed. <\/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>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>5-7 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gulfhost.ae\/\" style=\"\">GulfHost<\/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 style=\"font-weight:400;\">6-10 November (Wednesday-Sunday): Al Yasat Festival, Al Dhafra, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-17 November (Friday- Sunday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.sibf.com\/en\/content?id=10285\" style=\"\">Sharjah International Book Fair<\/a><\/span><span style=\"font-weight:400;\">, Expo Center Sharjah, Sharjah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11 November (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/diamondconference.ae\/\" style=\"\">Dubai Diamond Conference<\/a><\/span><span style=\"font-weight:400;\">, Jafza One Convention Centre, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-12 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menacinema.com\/\" style=\"\">META Cinema Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-13 November (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iaom.org\/events\/2024-11-13\/\" style=\"\">IAOM MEA Conference & Expo<\/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>11-15 November (Monday- Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaiarbitrationweek.com\/#about\" style=\"\">Dubai Arbitration Week<\/a><\/span><span>, <\/span><span>Waldorf Astoria, Dubai International Financial Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gessdubai.com\/conference-engage-and-inspire\" style=\"\">The Global Educational Supplies and Solutions<\/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>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;\">14 November (Thursday): LuLu Group\u2019s shares to commence trading on ADX.<\/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>16-17 November (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gladiatorsummit.com\/\" style=\"\">Gladiator Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai 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>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>18-20 November (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/organicandnatural.com\/\" style=\"\">Middle East Organic and Natural Products Expo<\/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>18-20 November (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubai.itoegd.com\/en\/\" style=\"\">The International Conference of ShenZhen Association<\/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>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;\">, 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>19-21 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.prototypesforhumanity.com\/a-global-gathering-of-university-innovators\/\" style=\"\">Dubai Future Solutions \u2013 Prototypes for Humanity<\/a><\/span><span style=\"font-weight:400;\">, Emirates Towers, Dubai.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-22 November (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adnec.ae\/en\/eventlisting\/xpanse-2024\" style=\"\">Xpanse Abu Dhabi<\/a><\/span><span style=\"font-weight:400;\">, Adnec Centre, Abu Dhabi<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22-23 November (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/unitedresearchforum.com\/GMEEE2024\/\" style=\"\">Global Meet on Electronics & Electrical Engineering (GMEEE)<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>23-24 November (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/forbesmiddleeastevents.com\/medical-tourism-and-wellness-summit\/\" style=\"\">Forbes Middle East Medical Tourism & Wellness Summit<\/a><\/span><span style=\"font-weight:400;\">, Jumeirah Beach 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;\">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>26-27 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>26-27 November (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wam.ae\/ar\/article\/b5xzb5k-%D8%A7%D9%84%D9%86%D8%B3%D8%AE%D8%A9-%D8%A7%D9%84%D8%A7%D9%81%D8%AA%D8%AA%D8%A7%D8%AD%D9%8A%D8%A9-%D9%82%D9%85%D8%A9-%D8%A7%D9%84%D8%B0%D9%83%D8%A7%D8%A1-%D8%A7%D9%84%D8%A7%D8%B5%D8%B7%D9%86%D8%A7%D8%B9%D9%8A-%D9%85%D9%81%D8%AA%D9%88%D8%AD\" style=\"\">Open Source AI Summit<\/a><\/span><span style=\"font-weight:700\">, <\/span><span style=\"font-weight:400;\">The St. Regis Saadiyat Island Resort, Abu Dhabi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.liveablecitiesx.com\/\" style=\"\">Liveable Cities X<\/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>26-28 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futurefm.com\/\" style=\"\">Future FM<\/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>26-28 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.geoworldevent.com\/\" style=\"\">Geo World<\/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>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 style=\"font-weight:400;\">27 November: Acceptance period for Adnoc\u2019s Covestro takeover bid ends. <\/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>4-6 December (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/abu-dhabi-business-week-adbw\/\" style=\"\">Abu Dhabi Business Week<\/a><\/span><span style=\"font-weight:400;\">, Adnec Center, Abu Dhabi.<\/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>5 December (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/khalifafund.ae\/\" style=\"\">Khalifa Fund Entrepreneurship Competition<\/a><\/span><span>, <\/span><span>Adnec center, 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;\">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>13 December - 4 January (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/liwa-international-festival\/\" style=\"\">Liwa International Festival<\/a><\/span><span style=\"font-weight:400;\">, Al Dhafra, 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>10-11 December (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/logimotion.ae.messefrankfurt.com\/dubai\/en\/conferences\/global-trade-and-logistics-summit.html\" style=\"\">Global Trade and Infrastructure<\/a><\/span><span style=\"font-weight:400;\"> at Logimotion, 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>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>19-22 May (Monday-Thursday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/www.wam.ae\/article\/b5xzjfz-fourth-edition-make-the-emirates-forum-2025-take\" style=\"\">Make it in the Emirates Forum 2025<\/a><\/span><span style=\"font-weight:700\">,<\/span><span style=\"font-weight:400;\"> Adnec, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26-28 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:400;\">24-25 September (Wednesday-Thursday): Mohammed Bin Rashid Leadership Forum, Mohammed Bin Rashid Center for Leadership Development, 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\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>National strategy to target AED 2.2 tn in FDI by 2031 | Lots of energy agreements from Adnoc<\/p>\n","protected":false},"featured_media":97583,"menu_order":0,"template":"","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-97582","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"85951bc1-7ed2-49d3-ae8a-e979c7d323c5","teaser":"National strategy to target AED 2.2 tn in FDI by 2031 | Lots of energy agreements from Adnoc","photo_url":"https:\/\/ent.news\/2024\/10\/550.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO 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