{"id":97778,"date":"2024-11-12T00:00:00","date_gmt":"2024-11-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=97778"},"modified":"2025-12-15T02:00:47","modified_gmt":"2025-12-15T02:00:47","slug":"adnoc-gas-acquires-ruwais-lng-from-adnoc-while-fertiglobe-snaps-up-adnocs-ammonia-projects","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/adnoc-gas-acquires-ruwais-lng-from-adnoc-while-fertiglobe-snaps-up-adnocs-ammonia-projects\/","title":{"rendered":"Adnoc Gas acquires Ruwais LNG from Adnoc, while Fertiglobe snaps up Adnoc\u2019s ammonia projects"},"content":{"rendered":"<section id=\"97780\" 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=\"97780\">\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\/12\/this-morning-m42-eyes-acquisitions-in-europe-latin-america-and-asia-former-investcorp-co-ceos-fund-lands-in-adgm\/\">\r\n                            THIS MORNING: M42 eyes acquisitions in Europe, Latin America and Asia + Former Investcorp co-CEO\u2019s fund lands in ADGM                        <\/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\/12\/this-morning-m42-eyes-acquisitions-in-europe-latin-america-and-asia-former-investcorp-co-ceos-fund-lands-in-adgm\/\" 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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Plus: Mubadala and Apollo are extending their partnership, <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- It\u2019s another sunny day in Dubai<\/strong>, with a high of 29\u00b0C and a low of 24\u00b0C, according to our favorite weather app. Meanwhile, a sunny<strong> Abu Dhabi <\/strong>will also see a high of 29\u00b0C and an overnight low of 26\u00b0C today.<\/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>Alef joins MSCI\u2019s UAE Small Cap index: <\/strong>Alef Education was the only company added to the MSCI\u2019s UAE Small Cap Index in the latest review, bringing with it an expected inflow of AED 18.3 mn, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/962.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> from IHC\u2019s research firm International Securities. Meanwhile, Abu Dhabi Aviation, Sharjah Islamic Bank (SIB), and Tabreed will be removed from the index effective 26 November. Abu Dhabi Aviation\u2019s removal is expected to result in an outflow of AED 24.9 mn, SIB\u2019s will see an outflow of AED 32.9 mn, and Tabreed\u2019s will lead to an outflow of AED 25.4 mn.<\/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- M42 eyes global expansion, in talks with Indonesia, Malaysia, India, and <\/strong><strong>Egypt: <\/strong>State-owned health-tech firm M42 is targeting acquisitions in Europe, Latin America, and Asia, CEO Hsan Jasem Al Nowais told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-11\/abu-dhabi-eyes-more-deals-to-build-ai-powered-global-health-firm\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The company reviews 50 potential acquisitions monthly \u201cto see what will really complement our strategic plans going forward,\u201d Al Nowais said, revealing that M42 is currently in talks with firms in Indonesia, Malaysia, India, and Egypt as part of its strategy to expand its AI-powered healthcare solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How will M42 fuel its expansion?<\/strong> M42 is backed by \u201ctwo very, very big parents,\u201d \u2014 sovereign wealth fund Mubadala and state-owned AI outfit G42. He noted that \u201cAbu Dhabi has grown on taking risks but it has been so successful that we continue to take risks and build on that momentum.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>M42 is seeking strategic long-term gains<\/strong>, rather than \u201cquick [money],\u201d Al Nowais said. The company\u2019s Emirati Genome Program aims to build one of the world\u2019s largest DNA databases. The company is also developing an AI-powered drug discovery platform, a segment that is expected to drive acquisitions and partnerships for the company in the future and positions Abu Dhabi as a life sciences hub, Al Nowais said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- Ben Gacem\u2019s fund lands in Abu Dhabi:<\/strong> Former Investcorp Co-CEO Hazem Ben-Gacem launched BlueFive Capital fund in Abu Dhabi Global Markets (ADGM), targeting the financial services sector in the Gulf, Asia, and Latin America, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/economy\/2024\/11\/11\/former-investcorp-executive-launches-new-investment-platform-in-abu-dhabi\/\" style=\"\" rel=\"noopener\">The National<\/a> reports, citing a company statement it saw. While the statement didn\u2019t disclose the value of the fund, Bloomberg reported <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b411b4f0-9f8e-4012-ac8a-5a85c1a9d6c7\/this-morning:-is-mgx-eyeing-an-investment-in-elon-musk%25e2%2580%2599s-ai-startup%3F-%2B-a-new-usd-1-bn-fund-is-coming-to-abu-dhabi#:~:text=%2D%20Former%20Investcorp%20Co,their%20financial%20hubs.\" style=\"\" rel=\"noopener\">earlier this month<\/a> that Ben Gacem was in talks to raise funds for BlueFive Capital, targeting USD 1 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fund will operate through two entities<\/strong>, namely BlueFive Financial and BlueFive Asset Management, with the latter slated to debut next year. BlueFive Financial will focus on consolidating potential investments in financial services, while BlueFive Asset Management will target private equity and infrastructure investments, with a focus on digitization and automation. In addition to the Abu Dhabi headquarters, BlueFive will establish offices in Bahrain and London, backed by 15 founding shareholders.<\/p>\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>The UAE's diamond trade is on track to top USD 40 bn in 2024<\/strong>, backed by comprehensive economic partnership agreements removing barriers and opening new markets, Assistant Undersecretary for the Economy Ministry\u2019s International Trade Affairs Juma Al Kait told state news agency Wam on the sidelines of the Dubai Diamond Conference (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b654qg7-uaes-diamond-trade-hit-40-billion-2024-juma-kait\" style=\"\" rel=\"noopener\">watch, runtime: 02:19<\/a>). The country occupies the third spot globally in diamond trade, after India and the US, dominating over 15% of the global market share. Diamonds comprise 5.5% of the UAE's non-oil trade, which reached approximately USD 20 bn in 1H 2024, and nearly USD 39 bn in 2023. <\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The UAE is participating in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/cop29.az\/en\/home\" style=\"\" rel=\"noopener\">COP29<\/a><\/strong><strong>, which kicked off yesterday in Baku, Azerbaijan<\/strong>, and runs until 22 November, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b64jar6-cop29-begins-tomorrow-baku-with-active-effective\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The event aims to limit global warming to 1.5\u00b0C and boost climate finance. As the host of last year\u2019s COP, the UAE will present a national pavilion and over 60 side sessions on topics such as climate finance, decarbonization, renewables, and AI-powered food and water solutions.<\/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:\/\/menacinema.com\/\" style=\"\" rel=\"noopener\">Meta Cinema Forum<\/a><\/strong><strong> is on its second and final day at Le M\u00e9ridien Dubai Hotel & <\/strong><strong>Conference <\/strong><strong>Center<\/strong>. The cinema convention brings together industry leaders to explore the future of cinema in emerging markets across the Middle East, Africa, and Asia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubaiarbitrationweek.com\/#about\" style=\"\" rel=\"noopener\">Dubai Arbitration Week<\/a><\/strong><strong> is underway at the Waldorf Astoria <\/strong>in the Dubai International Financial Center and wraps on 15 November. The event features a series of panel discussions, workshops, and presentations focused on the latest developments and challenges in international commercial arbitration. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/inside.fei.org\/fei\/general-assembly\/2024#:~:text=Abu%20Dhabi%20(UAE)%2010%2D13%20November%202024&text=On%20behalf%20of%20the%20Board,10%20to%2013%20November%202024.\" style=\"\" rel=\"noopener\">International Federation for Equestrian Sports (FEI) General Assembly<\/a><\/strong><strong> is on its<\/strong> <strong>second day at the Conrad Hotel, Etihad Towers<\/strong>, gathering heads from 137 national equestrian sports federations, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/b64j2ne-%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A-%D8%AA%D8%B3%D8%AA%D8%B6%D9%8A%D9%81-%D8%BA%D8%AF%D8%A7-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The assembly, running through to tomorrow, coincides with the start of FEI regional group meetings at Emirates Palace, Abu Dhabi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The inaugural <\/strong><strong><a target=\"_blank\" href=\"https:\/\/uaeiaa.org\/2024congress\/\" style=\"\" rel=\"noopener\">Audit, Anti-Fraud and IT Congress<\/a><\/strong><strong> is underway in Dubai<\/strong>, running through to tomorrow. The event brings together over 1k global professionals in internal auditing, anti-fraud, cybersecurity, and IT to discuss the latest trends in the sectors. Pre-congress workshops and internal discussions are underway, with the main congress set to begin tomorrow, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/article\/b63cfv9-dubai-host-first-audit-anti-fraud-and-congress\" 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>#6- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/icom.museum\/en\/events\/icom-2024-international-symposium-dubai\/\" style=\"\" rel=\"noopener\">The ICOM 2024 International Symposium<\/a><\/strong> <strong> kicks off today a<\/strong><strong>t th<\/strong><strong>e Etihad Museum.<\/strong> The symposium will feature three themes \u2014 Intangible Heritage, Youth Power, and New Technologies \u2014 and will explore how museums can adapt to global changes and facilitate dialogue on enhancing their role in evolving cultural landscapes.<\/p>\n<p class=\"tag-border-left\"> HAPPENING THIS WEEK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Sharjah Chamber of Commerce and Industry\u2019s trade mission to Kenya and Ugand<\/strong><strong>a kicked off yesterday<\/strong>, aiming to boost UAE-East Africa trade ties in oil, gas, infrastructure, logistics, food, and automotive sectors. The Sharjah Exports Development Centre is representing the chamber. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agenda: <\/strong>Starting in Kenya with an investment forum and business meetings, the mission moves to Uganda tomorrow for another forum on Uganda's infrastructure and oil growth, plus meetings and local site visits. The mission concludes on Thursday<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s another morning where the international news cycle is broadly led by US <\/strong><strong>president-elect Donald Trump<\/strong> as he starts working on the cabinet that will kick off his second stint at the White House. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Among the highlights:<\/strong> Trump tapped Florida Rep. Mike Waltz, who is a war veteran, to be his national security adviser and take on a portfolio that includes Russia\u2019s war with Ukraine, Israel attacking multiple countries at the same time in a multi-front military campaign, and rising military buildup in China, among others, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/national-security\/trump-selects-florida-rep-mike-waltz-as-national-security-adviser-104414fe\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> reports. The president-elect also picked New York Congresswoman <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/policy\/elise-stefanik-un-ambassador-trump-ebc36b1a\" style=\"\" rel=\"noopener\">Elise Stefanik<\/a> as the US\u2019 ambassador to the UN and immigration hardliner <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/policy\/trump-taps-tom-homan-as-border-czar-fac81082\" style=\"\" rel=\"noopener\">Tom Homan<\/a> as \u201cborder czar\u201d to oversee border crossings and deportations, according to the WSJ. Meanwhile, Susie Wiles will be chief of Staff, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/default\/susie-wiles-trump-picks-quiet-competence-chief-staff-2024-11-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/11\/11\/us\/politics\/trump-executive-orders-susie-wiles.html\" style=\"\" rel=\"noopener\">New York Times<\/a> report. The <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-staff-picks-stefanik-wiles-stephen-miller-tom-homan-243d73610b03a3ee18c4d5f68756af7c\" style=\"\" rel=\"noopener\">Associated Press<\/a> and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-20-who-would-be-running-top-jobs-trumps-second-administration-2024-11-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> also have rundowns of who\u2019s been selected and the other candidates Trump is currently considering. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GAZA UPDATE-<\/strong> Israel killed another 37 Palestinians in Gaza in the past 24 hours, including seven near Khan Younis and 20 people in Nuseirat, \u201cincluding some in a tent encampment,\u201d <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israeli-fire-kills-11-palestinians-tanks-roll-into-central-gaza-camp-2024-11-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, US-mediated talks for an Israeli ceasefire in Lebanon are \u201cmaking progress,\u201d<\/strong> despite Qatar recently saying that separate talks for a ceasefire in Palestine have stalled. Israeli Foreign Minister Gideon Saar has pointed to Russia as a potential part of enforcing the ceasefire in Lebanon by mitigating the flow of weapons to Hezbollah through Syria. <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-sees-progress-lebanon-ceasefire-talks-says-russia-can-help-2024-11-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-11\/israel-sees-progress-in-lebanon-truce-talks-despite-hurdles\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, and the <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2024\/nov\/11\/israel-says-certain-progress-made-in-lebanon-ceasefire-talks\" style=\"\" rel=\"noopener\">Guardian<\/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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p 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YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97783\" 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=\"97783\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/adnoc-gas-to-acquire-60-of-ruwais-lng-to-pour-usd-15-bn-into-growth-by-2029\/\">\r\n                            Adnoc Gas to snap up 60% of Ruwais LNG project, to pour USD 15 bn into growth by 2029 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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97784\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/adnoc-gas-to-acquire-60-of-ruwais-lng-to-pour-usd-15-bn-into-growth-by-2029\/990-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/990.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"990.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/990.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/990.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97783\" class=\"content-area-description single-story post-97783 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-adnc-gas tag-adnoc tag-al-ruwais tag-enterpriseam-uae tag-gas tag-lng tag-ma-watch 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\/.d555ad8c-c9c3-48aa-9dc3-8a83eac2b426.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Adnoc Gas is set to acquire a 60% stake in the Ruwais LNG project from its <\/strong><strong>parent group Adnoc in 2H 2028 at cost<\/strong>, for an estimated value of USD 5 bn, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/920.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The plant\u2019s first production unit is slated to come online in 2H 2028, with the second following in early 2029.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ownership breakdown:<\/strong> Global energy giants Shell, BP, TotalEnergies, and Japan\u2019s Mitsui own the remaining 40% stake in Ruwais, at a 10% stake each. They <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c316bbef-20db-4ce6-aa08-64f3fd6f45fd\/adnoc-sells-40%2525-of-ruwais-lng-project-%2B-secures-supply-agreements\" style=\"\" rel=\"noopener\">acquired<\/a> the stakes in July. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Gas has had its eyes on Ruwais from the start:<\/strong> \u201cIt has always been our intention to acquire Adnoc's 60% stake in Ruwais LNG. This investment is a central component of our ambitious international growth plans and will strengthen Adnoc Gas' position as a powerhouse in the global LNG market,\u201d Adnoc Gas CEO Ahmed Mohamed Alebri said in the statement. We knew this was planned since <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bf7bd619-f88a-4b27-a210-0c319a28d66f\/adnoc-gas-earmarks-usd-13-bn-for-local-%2B-int%25e2%2580%2599l-expansion\" style=\"\" rel=\"noopener\">earlier this year<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Gas will dispatch the first cargo from the Ruwais facility in late 2028<\/strong>, Adnoc Gas CFO Peter Van Driel said in a virtual media roundtable attended by EnterpriseAM UAE. The company is currently kicking off construction works at Ruwais, Van Driel added, noting that the new plant will help serve gas demand of \u201ccountries either in Europe, the Far East, or in Asia.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ruwais already has offtake agreements lined up:<\/strong> The company has sold 75% of Ruwais\u2019 total production capacity to international customers, Van Driel said. The sold volumes are equivalent to over 7 mn tons per annum (mtpa) of the total 9.6 mtpa of LNG. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The signed offtake agreements include a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-signs-first-long-term-lng-heads-of-agreement-from-ruwais-low-carbon-lng-project\" style=\"\" rel=\"noopener\">15-year agreement<\/a> with China's ENN Natural Gas to deliver 1 mn tons of LNG annually from Ruwais, along with another <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/777e4aea-5903-4594-8f55-bed39b972299\/adnoc-secures-another-15-year-lng-supply-agreement-for-al-ruwais\" style=\"\" rel=\"noopener\">15-year agreement<\/a> with German energy giant Energie Baden-W\u00fcrttemberg to supply it with 0.6 mn tonnes of LNG per year. Adnoc also signed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c316bbef-20db-4ce6-aa08-64f3fd6f45fd\/adnoc-sells-40%2525-of%253cmark%253e-ruwais%253c%2Fmark%253e-lng-project-%2B-secures-supply-agreements\" style=\"\" rel=\"noopener\">long-term LNG supply agreements<\/a> to deliver 1.6 mn tonnes per year from the new plant, with 1 mn metric tonnes to Shell and 0.6 mn tons to Mitsui. Most recently, Adnoc secured a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/48e6b2d3-4cbc-4656-a4bf-135878765665\/adipec-day-three:-more-agreements-from-adnoc#:~:text=Adnoc%20finalizes%20first,supplied%20to%20Mitsui\" style=\"\" rel=\"noopener\">15-year sales and purchase agreement<\/a> (SPA) with Sefe Marketing & Trading Singapore for 1 mn tonnes of LNG.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ll soon hear of more purchase agreements from Ruwais<\/strong><strong>:<\/strong> In the coming months, Adnoc Gas expects to reveal \u201cmany more HOAs being converted into final [offtake] agreements,\u201d Van Driel said, without disclosing the names of the companies or a timeline for the agreements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Gas ramps up spending to USD 15 bn, to pour heavily in infrastructure:<\/strong> The company has raised its five-year capex plan to USD 15 bn, up from an earlier USD 13 bn, to fund projects \u201cwhich will enable us to capture opportunities from the forecast increase in domestic and global demand for the lower carbon gasses we produce,\u201d says Alebri. The expanded spending plan will be \u201cvery much focused on new infrastructure,\u201d according to Van Driel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>In <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bf7bd619-f88a-4b27-a210-0c319a28d66f\/%253cmark%253eadnoc-gas%253c%2Fmark%253e-earmarks-usd-13-bn-for-local-%2B-int%25e2%2580%2599l-expansion\" style=\"\" rel=\"noopener\">April<\/a>, Adnoc Gas revealed its plan to invest USD 13 bn over the next five years in both domestic and international markets to help the firm expand its processing capacity and reach more customers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Demand growth is behind the move:<\/strong> Adnoc Gas has ramped up capex plans to meet an expected 6% annual growth in demand through 2030, up from the initial projection of 2%, as the UAE\u2019s GDP and population continue to expand alongside rising sectors like AI data centers and key industries. This increase in spending aims to boost EBITDA by 40% by 2029, enabling Adnoc to \u201cprocess more raw gas from our supplier and sell it into the UAE market or export markets,\u201d said Van Driel.<\/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\">EARNINGS WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc Gas reported a 11% y-o-y increase in its net income<\/strong>, reaching USD 1.2 bn in 3Q 2024, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/946.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a>. The robust performance came higher than analysts\u2019 expectation of USD 1.19 bn. The Adnoc subsidiary\u2019s revenues climbed 8% y-o-y to USD 6.3 bn in 3Q, surpassing USD 6 bn for the fourth quarter thanks to \u201chigher sales volumes and an improved price environment for export-traded liquids,\u201d the company said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/947.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a nine-month basis, Adnoc Gas\u2019 bottom line increased <\/strong><strong>18% y-o-y to USD 3.6 bn<\/strong><strong> in 9M 2024<\/strong>. The company booked USD 18.4 bn in revenues, up 12% y-o-y in 9M 2024, achieving the strong revenue growth despite the mixed pricing environment, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/945.pdf\" style=\"\" rel=\"noopener\">earnings report (pdf)<\/a>. The revenue growth was underpinned by a 6.5% increase in export and traded liquids volumes, a 4.5% rise in gas sales, and a 3.5% growth in domestic gas volumes, the company said in its earnings release.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead, Anoc Gas will focus on three major projects due by 2029<\/strong>, namely the Ruwais LNG project, alongside the \u201cthe Maximization of Ethane Recovery and Monetization (MERAM) project, which will deliver up to 3.4 mtpa of ethane and NGL production capacity [and] the IGD-E2 project, which will have a [daily] gas processing capacity of 370 mn standard cubic feet.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividends:<\/strong> Adnoc Gas will distribute USD 3.4 bn in dividends for its 2024 earnings. This includes interim dividends of USD 1.7 bn, set to be distributed in April 2025. <\/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\/adnc-gas\/\">Adnc Gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/al-ruwais\/\">Al Ruwais<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gas\/\">gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/lng\/\">LNG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97785\" 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=\"97785\">\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\">EARNINGS WATCH<\/p>\r\n                 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href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/fertiglobe-reports-first-set-of-earnings-since-adnoc-acquisition-with-the-producer-set-to-snap-up-adnocs-stake-in-exxons-texas-hydrogen-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/996.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97786\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/fertiglobe-reports-first-set-of-earnings-since-adnoc-acquisition-with-the-producer-set-to-snap-up-adnocs-stake-in-exxons-texas-hydrogen-project\/996-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/996.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"996.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/996.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/996.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97785\" class=\"content-area-description single-story post-97785 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-adnoc tag-energy tag-fertiglobe 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\/.c11d6485-0e6b-4b5d-8b56-544e112b9a15.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Fertiglobe sees dip in net income in 3Q on the back of decline in sales:<\/strong> Fertiglobe \u2014 a UAE-headquartered urea and ammonia exporter and MENA\u2019s largest producer of nitrogen fertilizers \u2014 reported USD 31.1 mn in adjusted net income attributable to shareholders, down 25% y-o-y on the back of several one-offs, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/936.pdf\" style=\"\" rel=\"noopener\">earnings release<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/936.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. The now-Adnoc subsidiary \u2014 with Adnoc\u2019s USD 3.6 bn acquisition of the producer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1518b3be-ab9f-4fa0-8564-6afaf3eb94a0\/adnoc-completes-acquisition-of%253cmark%253e-fertiglobe%253c%2Fmark%253e,-el-hoshy-staying-on-as-ceo\" style=\"\" rel=\"noopener\">closed last month<\/a> \u2014 saw its revenues fall 6% y-o-y to USD 496 mn in 3Q 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a 9M basis, Fertiglobe\u2019s adjusted bottom line attributable to shareholders fell 48% <\/strong><strong>y-o-y to USD 134.6 mn<\/strong>. The company\u2019s revenues also slipped 13% y-o-y to USD 1.5 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\"><strong>Fertiglobe saw its own-produced sales fall 7% y-o-y in 3Q due partly to the impact of power outag<\/strong><strong>es in Algeria and to natural gas curtailments in Egypt <\/strong>due to declines in production amid hot weather at the beginning of the quarter, Fertiglobe CEO Ahmed El Hoshy said. Meanwhile, the company\u2019s sale volumes inched down 2% to 4.2 mn tons during 9M 2024. Excluding these external factors, its own-produced volumes would have been up 2.1% y-o-y in 3Q and 5% in 9M 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the decline?<\/strong> Fertiglobe attributed part of the decline to adjustments in Algerian nitrogen fertilizer producer Sorfert\u2019s gas pricing setup from November 2023 to September 2024, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/936.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Negotiations for that are still ongoing, El Hoshy explained. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> Fertiglobe commissioned a boiler this month that produces steam, which they can use to generate power, and is expected to make it less reliant on the grid, El Hoshy told us. In Egypt, the Oil Ministry is also working to help restore natural gas production to meet the country\u2019s needs, including requirements for industrial producers like Fertiglobe, El Hoshy added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE- Fertiglobe plans to unveil its revised strategy in 1Q 2025<\/strong>, where it will clarify its strategic fit within the Adnoc platform, and further details around its plans as Adnoc\u2019s low-carbon ammonia vehicle, while providing information on initiatives planned to enhance margins and revenues through manufacturing improvement and cost optimization programs, El Hoshy told us. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fertiglobe expects the market to remain favorable<\/strong>, with short-term demand for nitrogen fertilizers staying robust, driven by tight market conditions and \u201crecord low\u201d Chinese exports of urea. In the long term, the sector will be supported by projected growth in demand from both new and existing applications, coupled with limited supply growth.<\/p>\n<p class=\"tag-border-left\">Adnoc transfers stake in Exxon Texas hydrogen project to Fertiglobe- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fertiglobe<\/strong><strong> to hold Adnoc\u2019s stake in Exxon\u2019s Texas hydrogen project<\/strong>: Adnoc will transfer a 35% stake in the Baytown, Texas low-carbon ammonia project to Fertiglobe, along with two unspecified UAE projects, according to the statement. The stakes will be transferred at cost, ensuring that, once operational, they will contribute immediately to Fertiglobe's earnings, supporting project returns while \u201cpreserving the company\u2019s balance sheet during the development and construction phase.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The transferred stakes are set to more than double Fertiglobe\u2019s total capacity to 9.0 mn <\/strong><strong>tons per annum (mtpa) for urea and ammonia<\/strong>, with the addition of the two UAE low-carbon ammonia projects, which include a 1 mtpa project under construction and another in the pre-FEED stage, and the Texas project. The projects will together add 2.4 mtpa in capacity.&nbsp;<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The \u201cglobal\u201d approach will mean more diverse routes and shorter distances: <\/strong>The US project will expand Fertiglobe's presence into the US, alongside its facilities in Egypt, Algeria, and the UAE, El Hoshy told us. This means that low-carbon products will now travel \u201cshorter distances, where anything that was supposed to come from Texas to Korea now goes from the UAE to Korea, while Texas product goes to Europe,\u201d avoiding long distances and reducing emissions, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> Adnoc signed a strategic partnership agreement with US energy giant Exxon Mobil to purchase a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/be3bac42-d21c-4ef3-befd-3f58320b1948\/adnoc-to-snap-up-35%2525-of-exxon%25e2%2580%2599s%253cmark%253e-texas%253c%2Fmark%253e-hydrogen-project\" style=\"\" rel=\"noopener\">35% stake<\/a> in Exxon\u2019s low-carbon hydrogen project in Texas, which already has an offtake agreement with Japan\u2019s biggest power producer, Jera, and agreements with France\u2019s Air Liquide to build and operate air separation units for oxygen and nitrogen supply to the facility. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Texas project will enable Fertiglobe to tap into the growing demand worldwide for <\/strong><strong>ammonia<\/strong>, positioning the firm as a \u201clow-carbon ammonia growth platform with global reach.\u201d The project is pending a final investment decision, expected to be reached in 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fact that the project will be sold at cost allows the company to \u201cwarehouse the capital, and the debt involved<\/strong> in building these projects with Adnoc until operations,\u201d El Hoshy told us. <\/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\" 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<div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/bookbuilding-for-talabat-to-kick-off-next-week\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/988.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97789\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/bookbuilding-for-talabat-to-kick-off-next-week\/988-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/988.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"988.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/988.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/988.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97788\" class=\"content-area-description single-story post-97788 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-delivery-hero tag-dfm tag-enterpriseam-uae tag-ipo tag-ipo-watch tag-talabat 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\/.e5bd0b8e-5ea8-4c03-b5a2-161398a890ea.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Deli<\/strong><strong>very Hero\u2019s IPO of a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2b1b5909-331e-488d-beac-b4fd0bb4eae4\/delivery-hero%e2%80%99s-talabat-to-ipo-on-the-dfm-in-december\" style=\"\" rel=\"noopener\">15% stake of Middle East food delivery unit Talabat<\/a><\/strong> <strong> will kick off next week <\/strong>with the start of the bookbuilding period, with shares set to start trading on the Dubai Financial Market (DFM) on 10 December, the company said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/893.pdf\" style=\"\" rel=\"noopener\">intention to float (pdf)<\/a>. The transaction is expected to exceed USD 1 bn, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/delivery-heros-talabat-launch-over-1-bln-dubai-ipo-next-week-sources-say-2024-11-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported earlier, with the value of the company set to reach EUR 11.5-13.5 bn \u2014 higher than the valuation of its parent company, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-11\/talabat-tees-up-dubai-ipo-that-may-value-it-more-than-delivery-hero-dher?srnd=undefined&embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline:<\/strong> The subscription period will open on 19 November and wrap on 27 November for retail Investors, and will end a day later for institutional investors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Allocation breakdown: <\/strong>95% of the shares offered in the IPO will be allocated to institutional investors, while 5% will be allocated to retail investors, according to the prospectus. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Berlin-based company\u2019s MENA activities are flourishing: <\/strong>Delivery Hero\u2019s gross merchandise value, measuring the total value of all goods sold, increased by 30% across the MENA region in 3Q 2024, according to a <a target=\"_blank\" href=\"https:\/\/www.deliveryhero.com\/newsroom\/trading-update-q3-2024\/\" style=\"\" rel=\"noopener\">statement<\/a>. This performance came on the back of a 25% y-o-y increase in order volumes and affordability initiatives in this quarter. Talabat\u2019s revenues grew 26.6% y-o-y in 2023 to AED 8 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Post-IPO, Talabat plans to tap into verticals including healthcare, beauty, pharma, pet services and fintech<\/strong>, its CEO Tomaso Rodriguez told Bloomberg in an interview. \u201cWe strongly believe that every single USD we invest in expanding these areas has a much better return than a geographical expansion at this point,\u201d Rodriguez said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The revenue forecast is sunny: <\/strong>The company anticipates revenue growth of 22-23% for 2024, followed by 17-18% in 2025, and around 14% in the medium term, Rodriguez said. Talabat previously announced that it aims to distribute dividends amounting to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2b1b5909-331e-488d-beac-b4fd0bb4eae4\/delivery-hero%25e2%2580%2599s-talabat-to-ipo-on-the-dfm-in-december\" style=\"\" rel=\"noopener\">90% of net income<\/a> post-listing, starting with a minimum payout of USD 100 mn in April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Delivery Hero appointed Emirates NBD Capital, Morgan Stanley, and JP Morgan as joint coordinators and bookrunners, with Abu Dhabi Commercial Bank (ADCB), Barclays, EFG-Hermes UAE, First Abu Dhabi Bank (FAB), Goldman Sachs, ING, and UniCredit also acting as joint bookrunners. Emirates NBD is the lead receiving bank, while ADCB, Abu Dhabi Islamic Bank, Al Maryah Community Bank, Wio, Emirates Islamic Bank, FAB, and our friends at Mashreq are also acting as receiving banks.<\/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\/delivery-hero\/\">Delivery Hero<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dfm\/\">DFM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/talabat\/\">Talabat<\/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=\"97790\" 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=\"97790\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/adia-to-invest-usd-1-bn-in-us-data-analytics-firm-qlik-sells-off-33-hotels-in-the-uk\/\">\r\n                            Adia to invest USD 1 bn in US data analytics firm Qlik, sells off 33 hotels in the UK                        <\/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\/12\/adia-to-invest-usd-1-bn-in-us-data-analytics-firm-qlik-sells-off-33-hotels-in-the-uk\/\" 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 exact size of Adia\u2019s acquired stake is yet to be disclosed, with an official company announcement expected this week. Qlik\u2019s valuation is estimated at USD 10 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breakdown:<\/strong> Along with Adia, Thoma Bravo intends to offer up its stake to several pensions and sovereign wealth funds, and two of its own funds, for a total amount almost three times its initial USD 3 bn investment to acquire Qlik in 2016. The company secured investor approval for the fund-to-fund transaction, with Guggenheim Partners serving as its advisor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adia has been on a spree of takeovers in recent years<\/strong>, capitalizing on a slowdown in activity among private equity firms amid higher interest rates and a liquidity crunch. The Abu Dhabi-based fund joined a consortium including asset managers BlackStone and Vista two months ago to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ca60036d-b07f-402b-aa92-52960f124b04\/masdar-snaps-up-another-spanish-renewables-firm\" style=\"\" rel=\"noopener\">acquire software provider Smartsheet<\/a> for USD 8.4 bn. It also partnered up with private equity firm Advent International in June to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ec986dcc-5985-4770-9ee6-7fa85e296605\/%253cmark%253eadia%253c%2Fmark%253e-%2B-advent-international-to-snag-minority-stake-in%253cmark%253e-fisher%253c%2Fmark%253e-investments\" style=\"\" rel=\"noopener\">invest between USD 2.5-3 bn<\/a> in wealth management firm Fisher Investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qlik\u2019s is on track to achieve USD 1.5 bn in sales in 2024<\/strong>, with bookings for its software subscriptions increasing by 30% compared to 2023. The company manages the performance data of several large firms, including Domino\u2019s Pizza and Airbus.<\/p>\n<p class=\"tag-border-left\">IN OTHER M&A NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US investment firms KKR and Baupost Group acquired a 33-hotel portfolio in the UK <\/strong><strong>from <\/strong><strong>Adia for GBP 900 mn (AED 4.3 bn)<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.costar.com\/article\/1787828776\/kkr-baupost-acquire-33-hotel-uk-portfolio-for-%C2%A3900-million-from-abu-dhabi-investment-authority\" style=\"\" rel=\"noopener\">CoStar<\/a> reports, citing Green Street News. All hotels in the portfolio operate under Marriott International brands, including Marriott and Delta by Marriott. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Adia acquired a total of 43 hotels from the Royal Bank of Scotland back in <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2013-02-17\/abu-dhabi-fund-said-close-to-buying-rbs-s-42-marriott-hotels\" style=\"\" rel=\"noopener\">2013<\/a>. The Scottish lender seized the properties in 2017 from prior owners who paid GBP 1.2 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KKR has been vying for the portfolio: <\/strong>KKR arranged a GBP 600 mn debt package earlier in May to help finance the acquisition, after engaging in advanced talks with Adia for the purchase, <a target=\"_blank\" href=\"https:\/\/www.costar.com\/article\/2125018506\/kkr-seeks-%C2%A3600-million-debt-for-hotel-portfolio-purchase\" style=\"\" rel=\"noopener\">CoStar<\/a> previously reported. In <a target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/mex_24_5584\" style=\"\" rel=\"noopener\">October<\/a>, the European Commission approved the joint venture between KKR and Baupost, formed earlier that month for the transaction.<\/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-investment-authority\/\">Abu Dhabi Investment Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A 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=\"97792\" 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=\"97792\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/dp-world-acquires-100-of-australia-based-silk-logistics-holdings\/\">\r\n                            DP World acquires 100% of Australia-based Silk Logistics Holdings                        <\/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\/12\/dp-world-acquires-100-of-australia-based-silk-logistics-holdings\/\" 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\/12\/dp-world-acquires-100-of-australia-based-silk-logistics-holdings\/')\">\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\/12\/dp-world-acquires-100-of-australia-based-silk-logistics-holdings\/\">\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=DP World acquires 100% of Australia-based Silk Logistics Holdings&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/dp-world-acquires-100-of-australia-based-silk-logistics-holdings\/\">\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\/12\/dp-world-acquires-100-of-australia-based-silk-logistics-holdings\/&title=DP World acquires 100% of Australia-based Silk Logistics Holdings\">\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=DP+World+acquires+100%25+of+Australia-based+Silk+Logistics+Holdings+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F12%2Fdp-world-acquires-100-of-australia-based-silk-logistics-holdings%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\/12\/dp-world-acquires-100-of-australia-based-silk-logistics-holdings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/992.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97793\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/dp-world-acquires-100-of-australia-based-silk-logistics-holdings\/992-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/992.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"992.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/992.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/992.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97792\" class=\"content-area-description single-story post-97792 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-dp-world tag-enterpriseam-uae tag-ma-watch tag-shipping 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\/.0ebdd9ce-36c6-4e6b-a851-9e8bf2b64acf.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>DP <\/strong><strong>World expands its operations in Australia:<\/strong> DP World Australia, a subsidiary of Dubai-based port operator DP World, is acquiring 100% of port-to-door logistics services provider <a target=\"_blank\" href=\"https:\/\/www.silklogisticsholdings.com.au\/\" style=\"\" rel=\"noopener\">Silk Logistics Holdings<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.dpworld.com\/news\/releases\/dp-world-australia-announces-acquisition-of-silk-logistics\/\" style=\"\" rel=\"noopener\">statement<\/a>. DP World signed a binding scheme implementation deed with a cash offer set at AUD 2.14 (c. 5.16) per share, valuing the company at AUD 174.5 mn (c. AED 421.3 mn). The transaction, which is awaiting Silk Logistics shareholder approval, is expected to be completed in 1H 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The game plan:<\/strong> DP World will uptake Silk Logistics\u2019 major business segments in port logistics and contract logistics, which specialize in wharf cartage services between Australia\u2019s major ports, warehousing, and multimodal distribution solutions. This includes acquiring the firm's Australian operation portfolio, including 21 logistics hubs and 25 warehousing sites across five Australian states.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About DP World Australia:<\/strong> The firm operates four container terminals and three container parks in Sydney, Brisbane, Melbourne and Fremantle, in addition to warehouses and inland distribution centers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DP World is on an M&A roll:<\/strong> DP World fully acquired Hong Kong-based logistics firm Cargo Services Far East <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b099fcca-7740-4873-955e-ec971d1cf762\/%253cmark%253edp%253c%2Fmark%253e%253cmark%253e-world%253c%2Fmark%253e-acquires-hong-kong%25e2%2580%2599s-cargo-services-far-east\" style=\"\" rel=\"noopener\">in September<\/a>. DP World also entered into a strategic merger and formed a joint venture, DP World Evyap, with Turkey\u2019s Evyap Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ecfeff18-8911-44dc-b0ec-08f64764dc1e\/%253cmark%253edp%253c%2Fmark%253e%253cmark%253e-world%253c%2Fmark%253e-%2B-evyap-group-merge-to-manage-two-key-turkish-ports\" style=\"\" rel=\"noopener\">in July<\/a> for the management of two major ports in Turkey\u2019s Marmara region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All part of a wider global expansion plan:<\/strong> DP World is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/3018d5bc-10dd-4da4-9eeb-1570b9e88fc8\/%253cmark%253edp%253c%2Fmark%253e%253cmark%253e-world%253c%2Fmark%253e-and-masdar-eye-investments-in-the-philippines\" style=\"\" rel=\"noopener\">reportedly looking<\/a> to invest as much as AED 1.6 bn in ports across the Philippines. It has been eyeing potential investments for a logistics hub and an industrial park in the Philippines since <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/596dd22e-3682-4f95-9916-50a435d27117\/today:-aldar-forms-a-jv-with-dubai-in-its-uae-logistics-portfolio-expansion\" style=\"\" rel=\"noopener\">earlier this year<\/a>. The firm committed GBP 1 bn (c. USD 1.3 bn) in investments for the DP World-operated London Gateway port <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/edb9e30d-ec82-4492-a609-682f485cadc8\/%253cmark%253edp%253c%2Fmark%253e%253cmark%253e-world%253c%2Fmark%253e-resolves-uk-row-%2B-aims-to-commit-gbp-1-bn-towards-london-gateway-today\" style=\"\" rel=\"noopener\">last month<\/a>. It also inked an MoU with officials from Uzbekistan to develop freezones and logistics centers in the country <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/b8bfe89e-598b-4b85-93a3-8da3b599a92a\/more%253cmark%253e-dp%253c%2Fmark%253e%253cmark%253e-world%253c%2Fmark%253e-cooperation-with-uzbekistan-is-coming\" style=\"\" rel=\"noopener\">in September<\/a>. The firm also plans to shell out <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6f5fea43-2e0b-48c4-b36d-956c70323f60\/%253cmark%253edp%253c%2Fmark%253e%253cmark%253e-world%253c%2Fmark%253e-eyes-usd-3-bn-in-port-investments-in-africa\" style=\"\" rel=\"noopener\">USD 3 bn<\/a> on new port infrastructure in Africa over the next three to five years.<\/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\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/shipping\/\">shipping<\/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=\"97794\" 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=\"97794\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/mubadala-and-apollo-expand-multi-bn-partnership-for-the-second-time\/\">\r\n                            Mubadala and Apollo expand multi-bn-partnership for the second time                        <\/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\/12\/mubadala-and-apollo-expand-multi-bn-partnership-for-the-second-time\/\" 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 expansion aims to meet the growing corporate demand for private market financing solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> In <a target=\"_blank\" href=\"https:\/\/www.apollo.com\/insights-news\/pressreleases\/2020\/07\/apollo-forms-apollo-strategic-origination-partners-focused-on-large-scale-direct-lending-123044435\" style=\"\" rel=\"noopener\">2020<\/a>, Mubadala partnered with Apollo to anchor the Apollo Strategic Origination Partners platform, which committed approximately USD 12 bn over three years for large-scale direct origination solutions. The platform targeted transactions worth USD 1 bn. The entities extended their partnership in <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/en\/news\/apollo-and-mubadala-investment-company-expand-partnership-capitalize-global-origination\" style=\"\" rel=\"noopener\">February 2022<\/a> to bolster Apollo\u2019s Capital Solutions business, expanding transaction origination across asset classes. <\/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 expanded partnership will help Apollo achieve its target for USD 275 bn in annual origination for Apollo Capital Solutions within five years, though it\u2019s not clear how much Mubadala is committing to the partnership. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala and Apollo have a deep partnership: <\/strong>In <a target=\"_blank\" href=\"https:\/\/www.apollo.com\/insights-news\/pressreleases\/2023\/01\/alpha-dhabi-and-mubadala-form-partnership-to-co-invest-in-global-credit-opportunities\" style=\"\" rel=\"noopener\">January 2023<\/a>, the two formed a USD 2.5 bn joint venture to co-invest in global private credit. Mubadala and an Apollo affiliate also pooled over USD 290 mn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ca858a11-c40a-48d0-8ed4-0d13b1f378e5\/mubadala-considers-usd-1-bn-debut-islamic-bond-sale-%2B-backs-usd-790-mn%253cmark%253e-apollo%253c%2Fmark%253e-fund\" style=\"\" rel=\"noopener\">in March<\/a> into Apollo Management Global's new private credit fund \u2014 Middle Market Apollo Institutional Private Lending. The two co-invested in London-headquartered hyperscale data center developer <a target=\"_blank\" href=\"https:\/\/www.yondrgroup.com\/?_gl=1%2A1hmc6ol%2A_up%2AMQ..%2A_ga%2ANDE3MjAwOTQzLjE3MjQyNDEyODQ.%2A_ga_QTYT7VE7Z5%2AMTcyNDI0MTI4NC4xLjEuMTcyNDI0MjU0MS4wLjAuMA..\" style=\"\" rel=\"noopener\">Yondr Group<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ba3e3d57-0ed5-445e-940b-32ad2b159821\/mubadala-backs-yondr-group-in-hyperscale-data-center-push\" style=\"\" rel=\"noopener\">in August<\/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\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mubadala\/\">Mubadala<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97796\" 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=\"97796\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/uae-launches-aid-agency\/\">\r\n                            UAE launches aid agency                        <\/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\/12\/uae-launches-aid-agency\/\" 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\/12\/uae-launches-aid-agency\/')\">\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\/12\/uae-launches-aid-agency\/\">\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 launches aid agency&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/uae-launches-aid-agency\/\">\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\/12\/uae-launches-aid-agency\/&title=UAE launches aid agency\">\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+launches+aid+agency+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F12%2Fuae-launches-aid-agency%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\/12\/uae-launches-aid-agency\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/683.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97797\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/uae-launches-aid-agency\/683-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/683.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"683.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/683.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/683.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97796\" class=\"content-area-description single-story post-97796 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-enterpriseam-uae tag-law tag-legislation tag-legislation-watch 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\/.14062c12-912d-4936-a24e-f0b2dbf06d11.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The UAE established a UAE Aid Agency through a federal decree issued by <\/strong><strong>President Sheikh Mohamed bin Zayed Al Nahyan<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b654q4k-uae-president-issues-federal-decree-establishing\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The entity is designed to support the country's global humanitarian and development assistance efforts and will operate under the International Humanitarian and Philanthropic Council.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Headquartered in Abu Dhabi, the agency will collaborate with a network of partners, including federal and local government entities, NGOs, international organizations, and private sector stakeholders. The UAE Aid Agency's mandate encompasses disaster relief, early recovery programs, post-conflict stabilization, development initiatives, and capacity building. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fast facts:<\/strong> The UAE has to date contributed some AED 360 bn in foreign aid, benefiting over 1 bn people, Wam said. <\/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\/law\/\">law<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/legislation-watch\/\">LEGISLATION 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=\"97798\" 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=\"97798\">\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\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/unifyapps-secures-usd-20-mn-in-series-a-funding\/\">\r\n                            UnifyApps secures USD 20 mn in Series A funding                        <\/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\/12\/unifyapps-secures-usd-20-mn-in-series-a-funding\/\" 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\/12\/unifyapps-secures-usd-20-mn-in-series-a-funding\/')\">\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\/12\/unifyapps-secures-usd-20-mn-in-series-a-funding\/\">\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=UnifyApps secures USD 20 mn in Series A funding&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/unifyapps-secures-usd-20-mn-in-series-a-funding\/\">\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\/12\/unifyapps-secures-usd-20-mn-in-series-a-funding\/&title=UnifyApps secures USD 20 mn in Series A funding\">\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=UnifyApps+secures+USD+20+mn+in+Series+A+funding+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F12%2Funifyapps-secures-usd-20-mn-in-series-a-funding%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\/12\/unifyapps-secures-usd-20-mn-in-series-a-funding\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/994.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97799\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/unifyapps-secures-usd-20-mn-in-series-a-funding\/994-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/994.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"994.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/994.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/994.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97798\" class=\"content-area-description single-story post-97798 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-artificial-intelligence tag-enterpriseam-uae tag-startup-watch tag-startups 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\/.d6a9c427-2f5e-42bd-86af-194b50b8acf9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Dubai-based genAI platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.unifyapps.com\/\" style=\"\" rel=\"noopener\">UnifyApps<\/a><\/strong><strong> raised USD 20 mn in a Series A <\/strong><strong>funding round led by <\/strong><strong>Iconiq Growth<\/strong>, with participation from existing investors including Elevation Capital, according to a press release from <a target=\"_blank\" href=\"https:\/\/www.iconiqcapital.com\/growth\/insights\/unlocking-the-central-nervous-system-of-enterprise-ai-iconiq-growths-investment-in-unifyapps\" style=\"\" rel=\"noopener\">Iconiq Growth<\/a> and a separate <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/unifyapps_iconiq-growth-unlocking-the-central-nervous-activity-7260706725790449664-7cU4\" style=\"\" rel=\"noopener\">LinkedIn post<\/a> from UnifyApps.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This investment increases the company\u2019s total funding to USD 31 mn<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/unifyapps-raises-20mln-series-a-to-deliver-ai-agents-across-the-enterprise-nf826ids\" style=\"\" rel=\"noopener\">press release<\/a> picked up by Zawya.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the funds go?<\/strong> The funds will support the development of UnifyApps' unified enterprise AI agent platform, which aims to integrate AI across various departments within organizations. The startup will also use the funds to expand the company's presence in the Middle East, particularly in Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About UnifyApps: <\/strong>Founded in 2023, <strong><a target=\"_blank\" href=\"https:\/\/www.unifyapps.com\/\" style=\"\" rel=\"noopener\">UnifyApps<\/a><\/strong> provides a no-code solution that enables organizations to manage data centrally and automate workflows. It allows teams to create customized AI agents for specific departmental needs.<\/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\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"97800\" 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=\"97800\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/more-and-more-earnings\/\">\r\n                            More and more 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\/12\/more-and-more-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\/12\/more-and-more-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\/12\/more-and-more-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=More and more earnings&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/more-and-more-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\/12\/more-and-more-earnings\/&title=More and more 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=More+and+more+earnings+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F12%2Fmore-and-more-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\/12\/more-and-more-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97801\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/more-and-more-earnings\/998-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"998.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/998.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97800\" class=\"content-area-description single-story post-97800 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-air-arabia tag-dewa tag-earnings-watch tag-emaar tag-enterpriseam-uae tag-lulu-retail tag-presight 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\/.da9cf6db-838b-49ec-84b5-07ae6cec229f.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\">EMAAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Real estate developer Emaar Properties\u2019 net income <\/strong><strong>rose 12.2% y-o-y to AED 11.1 bn in 9M 2024<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/963.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Meanwhile, revenues rose 30% y-o-y to AED 23.8 bn during the nine-month period, fueled by strong demand in the real estate market, steady project rollouts, and solid investor confidence amid the ongoing rise in tourism and retail sales in Dubai. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The developer saw its sales increase 60% y-o-y<\/strong>, reaching AED 50 bn during the first nine months of 2024. The sales bolstered Emaar\u2019s revenue backlog from property sales to over AED 100 bn, up 45% y-o-y \u2014 set to be recognized as revenue over the next 4-5 years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- In real estate, sales \u2260 revenues.<\/strong> Off-plan sales dominate, with companies booking sales when contracts are signed but recognizing revenue only when units are delivered or reach a certain completion percentage. As a result, revenues typically come from past sales, while current sales are recognized in future periods.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How Emaar\u2019s subsidiaries performed: <\/strong>Emaar Development reported AED 12.5 bn in revenues, up 69% y-o-y, with AED 48 bn in property sales (up 66% y-o-y). Its sales backlog rose to AED 83.7 bn, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/1019.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/1019.pdf\" style=\"\" rel=\"noopener\">)<\/a>. Emaar Malls generated AED 4.2 bn in revenues, while the hospitality, leisure, and entertainment divisions increased revenues by 7% y-o-y, contributing AED 2.6 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\">DEWA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Electricity and Water Authority saw its net income decline 14% y-o-y to AED 2<\/strong><strong>.9 bn in 3Q 2024,<\/strong> according to the company's consolidated <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/908.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The company's revenues climbed 4.8% y-o-y to AED 9.9 bn.<\/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> Dewa reported a 10.7% decline y-o-y in net income to AED 5.5 bn. The authority booked a 6.2% y-o-y increase in its revenues to AED 23.5 bn on the back of an increase in demand for electricity, water and cooling services, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/909.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/909.pdf\" style=\"\" rel=\"noopener\">)<\/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\">AIR ARABIA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Budget carrier Air Arabia saw its bottom line increase 8% y-o-y to AED 564 mn in 3Q 2024<\/strong> on the back of expanded operating capacity and an increase in routes, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/965.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The airline\u2019s topline rose 10% y-o-y during the period to AED 1.8 bn.<\/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>, Air Arabia\u2019s net income fell 5% y-o-y to AED 1.3 bn in 9M 2024. The company\u2019s revenues rose 12% y-o-y to AED 5 bn, driven by strong passenger demand, with over 14 mn passengers traveling with Air Arabia during the period, marking a 13% y-o-y increase.<\/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\">LULU RETAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LuLu Retail\u2019s posts financial results ahead of ADX listing:<\/strong> Lulu Group\u2019s retail arm Lulu Retail\u2019s net income in 2Q 2024 doubled y-o-y to USD 56.2 mn, while revenues increased by 3.6% y-o-y to USD 1.9 bn, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/950.pdf\" style=\"\" rel=\"noopener\">financials<\/a>. On a 1H basis, the firm\u2019s bottom line rose by 133% y-o-y to USD 149.3 mn, and the revenue increased by 5.6% y-o-y to USD 3.9 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The company raised <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/aa543363-43e6-4d53-9e9a-d905fc2370c5\/%253cmark%253elulu%253c%2Fmark%253e-retail-raises-aed-6.32-bn-in-largest%253cmark%253e-ipo%253c%2Fmark%253e-of-the-year\" style=\"\" rel=\"noopener\">AED 6.3 bn from its IPO last week<\/a> with an order book that was 25x oversubscribed, excluding cornerstone investors.<\/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\">PRESIGHT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Data analytics firm Presight saw its net income after tax fall 16.4% y-o-y to AED 10<\/strong><strong>9.1 mn in 3Q 2024<\/strong>, on the back of the introduction of the corporate tax this year and lower interest income accounting for 14.3% of the decline, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/968.pdf\" style=\"\" rel=\"noopener\">financials (pdf)<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/967.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company\u2019s revenues increased 2.4% y-o-y to AED 566.2 mn, supported by growth in in multi-year contracts, a favorable deployment mix, and \u201crobust revenue generation from AIQ,\u201d in which it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9b2de8cb-b4dd-460e-9d54-3fd1576c047b\/presight-completes-acquisition-of%253cmark%253e-aiq%253c%2Fmark%253e-for-usd-350-mn\" style=\"\" rel=\"noopener\">acquired<\/a> a 51% stake in June for USD 350 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 9M 2024<\/strong>, the company\u2019s net income after tax increased 5.8% y-o-y to AED 285.5 mn, while revenues grew 9.6% y-o-y to AED 1.2 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\">EMIRATES INS. COMPANY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates Ins. Company recorded a 4.4% y-o-y increase in net income to AED 29.2 mn in <\/strong><strong>3Q 2024<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/972.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. The company\u2019s revenues also rose during the quarter, standing at approximately AED 351 mn, up 17.5% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a nine-month basis<\/strong>, the company saw its net income fall 7.4% y-o-y to AED 81.6 mn, while revenues increased 13.4% y-o-y to AED 978.1 mn. A 20% y-o-y increase in investment earnings helped partially offset the negative impact of severe weather events across the country this year, including April\u2019s storm, the company said.<\/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\/air-arabia\/\">Air Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dewa\/\">DEWA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emaar\/\">Emaar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/lulu-retail\/\">Lulu Retail<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/presight\/\">Presight<\/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=\"97802\" 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=\"97802\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/mashreq-rolls-out-digital-platform-for-corporates-in-qatar\/\">\r\n                            Mashreq rolls out digital platform for corporates in Qatar                        <\/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 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2659.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97803\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/mashreq-rolls-out-digital-platform-for-corporates-in-qatar\/2659-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2659.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2659.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2659.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2659.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97802\" class=\"content-area-description single-story post-97802 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi-commercial-bank tag-adsb tag-al-seer-marine tag-aldar-properties tag-also-on-our-radar tag-automotive tag-banking tag-decarbonization tag-defense tag-dubai-chambers tag-dubai-international-financial-center tag-edge-group tag-emirates-global-aluminium tag-emirates-nbd tag-enterpriseam-uae tag-fintech tag-international-holding-company tag-maritime tag-mashreq tag-real-estate 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\/.d1e2a58f-1df3-413e-9d2c-6b6fa7dfd3b1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Our friends at <\/strong><strong><a target=\"_blank\" href=\"http:\/\/mashreqbank.com\/\" style=\"\" rel=\"noopener\">Mashreq<\/a><\/strong><strong> launched <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mashreq.com\/en\/international-banking\/home\/our-solutions\/global-transaction-banking\/mashreq-neo-corp\/\" style=\"\" rel=\"noopener\">Mashreq Neo Corp<\/a><\/strong><strong> digital banking platform for <\/strong><strong>corporate clients in Qatar<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/mashreq-uae_mashreq-mashreqqatar-riseeveryday-activity-7261724376260075520-6D3W\/?utm_source=share&utm_medium=member_ios\" style=\"\" rel=\"noopener\">LinkedIn post<\/a>. The platform offers 24\/7 online access to comprehensive money management and trade finance services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Mashreq launched Mashreq Neo Corp in Kuwait <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3049a148-2d24-4f71-9ad0-530fd19b5aa9\/mashreq-launches-digital%253cmark%253e-platform%253c%2Fmark%253e-for-kuwaiti-corporates\" style=\"\" rel=\"noopener\">last month<\/a>, and in Bahrain earlier this year, with plans to roll out the digital banking platform across other Gulf countries in the coming months.<\/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 NBD will offer a virtual card B2B payment solution to travel agencies i<\/strong><strong>n partnership with Mastercard<\/strong>, aiming to digitize and streamline their transactions, according to a <a target=\"_blank\" href=\"https:\/\/www.emiratesnbd.com\/en\/media-center\/mastercard-and-emirates-nbd-partner-to-empower-a-virtual-future-for-b2b-travel-payments\" style=\"\" rel=\"noopener\">press release<\/a>. The Emirates NBD Wholesale Travel Solution is set to improve companies\u2019 cashflow with extended credit lines and boost efficiency for domestic and cross-border transactions.<\/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\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DIFC repays USD 700 mn sukuk issuance:<\/strong> Dubai International Financial Center (DIFC) repaid a USD 700 mn sukuk issuance in full, according to a <a target=\"_blank\" href=\"https:\/\/www.difc.ae\/whats-on\/news\/difc-completes-on-time-repayment-of-usd-700mn-sukuk\" style=\"\" rel=\"noopener\">press rel<\/a><a target=\"_blank\" href=\"https:\/\/www.difc.ae\/whats-on\/news\/difc-completes-on-time-repayment-of-usd-700mn-sukuk\" style=\"\" rel=\"noopener\">ease<\/a>. The offering was <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2014\/09\/22\/dubai-launches-700m-sukuk-to-pay-down-debt.html\" style=\"\" rel=\"noopener\">issued in 2014<\/a> to repay outstanding debt and fund the center\u2019s expansion, including real estate infrastructure and the Gate Avenue retail development.<\/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\">M&A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Japan\u2019s Giftee to fully acquire YOUGotaGift: <\/strong>Dubai\u2019s YOUGotaGift agreed to sell a 91% majority stake to Japanese e-gifting platform Giftee, with plans to transfer the remaining 9% by 2027, the company\u2019s CEO Husain Makiya told <a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/industries\/retail\/exclusive-japans-giftee-acquires-91-stake-in-dubais-yougotagift\" style=\"\" rel=\"noopener\">Arabian Business<\/a>. The acquisition marks Giftee\u2019s entry into the Middle East\u2019s expanding prepaid cards market. YOUGotaGift\u2019s current management will stay on board, with the companies aligned on \u201cmedium- to long-term visions and growth strategies.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s selling<\/strong>? Shareholders including Middle East Venture Partners and HoneyBee Tech Ventures. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About YOUGotaGift: <\/strong>The digital card provider distributes over 5 mn HappyYOU multi-brand cards annually, covering over 1k regional and 5k international brands. Primarily focused on the B2B sector, the company serves over 2.5k GCC corporate clients, including Adnoc, Emirates Airlines, and Saudi\u2019s Sabic. YOUGotaGift has seen a 200% increase in distribution volumes and a 30% rise in its client base \u201cin just the last three years,\u201d Makiya said, with an annual gross merchandise volume of USD 200 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\">NBFS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai Chambers taps Noqodi for payment services: <\/strong>Fintech firm Noqodi is now Dubai Chambers\u2019 primary payment provider, providing its payment solutions across the chambers\u2019 services, according to the <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/november\/11-11\/dubai-chambers-signs-mou-with-noqodi-to-develop\" style=\"\" rel=\"noopener\">Dubai Media Office<\/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\">MARITIME-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Seer Marine, a subsidiary of International Holding Company, expa<\/strong><strong>nded its JV <\/strong><strong>with Damen International<\/strong> beyond naval shipbuilding to include commercial shipbuilding as well, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/931.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The JV targets manufacturing over 26 vessels in the UAE in 2025. It will use Al Seer Marine's manufacturing facilities in Abu Dhabi and Damen's shipyards in Sharjah, Fujairah, and Dubai.<\/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\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aldar taps Combined Group to carry out infrastructure work at <\/strong><strong>one of its projects:<\/strong> Emirati developer Aldar awarded a USD 43.2 mn contract to Kuwait-based Combined Group Contracting and its UAE subsidiary to build infrastructure facilities at Delma Industrial Area in Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/real-estate\/aldar-awards-key-abu-dhabi-infrastructure-works-contract-y7q28imq\" style=\"\" rel=\"noopener\">press release<\/a>. Construction is expected to wrap up in 578 days.<\/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\">INDUSTRY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Industrial Transition Accelerator (ITA) partnered with the UAE\u2019s and Bahrain\u2019s <\/strong><strong>governments to support industrial decarbonization across the Mena region<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.bna.bh\/en\/National\/BahrainUAEannounceITApartnershipsinMENAregiontoadvancegreenindustry.aspx?cms=q8FmFJgiscL2fwIzON1%2BDlGhGKqTnhq9r1HTd%2BX%2Fgrg%3D\" style=\"\" rel=\"noopener\">Bahrain News Agency<\/a>. The ITA is seeking to cooperate with regional governments and industry leaders to promote emerging green industries and drum up the needed capital to support decarbonization efforts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Several UAE companies signed formal agreements with the ITA to collaborate on <\/strong><strong>operational decarbonization<\/strong>, including Emsteel, Emirates Global Aluminium, and Arabian Gulf Steel Industries.<\/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-commercial-bank\/\">Abu Dhabi Commercial Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adsb\/\">ADSB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/al-seer-marine\/\">Al Seer Marine<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aldar-properties\/\">Aldar Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/automotive\/\">automotive<\/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\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/defense\/\">defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-chambers\/\">Dubai Chambers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-international-financial-center\/\">Dubai International Financial Center<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge-group\/\">Edge Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-global-aluminium\/\">Emirates Global Aluminium<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fintech\/\">fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/international-holding-company\/\">International Holding Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/maritime\/\">maritime<\/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                            <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\/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=\"97804\" 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=\"97804\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/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\/12\/btc-is-up-30-since-americans-took-to-the-polls\/\">\r\n                            BTC is up 30% since Americans took to the polls                        <\/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            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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1001.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"97805\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/12\/btc-is-up-30-since-americans-took-to-the-polls\/1001-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1001.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1001.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1001.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1001.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97804\" class=\"content-area-description single-story post-97804 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-cryptocurrency tag-enterpriseam-uae 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\/.518aa01f-d9d9-4fad-aa48-5713a77ea3a4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>BTC has climbed above USD 88k for the first time<\/strong>, marking a fresh record for the cryptocurrency that has witnessed a surge of investor interest since Donald Trump was reelected to the Oval Office on 5 November. In just 12 days, BTC is up 30.5% and saw its biggest gains yesterday as Republicans continued to inch closer to an increasingly likely House majority, rising 10.1% in the previous 24 hours at the time of writing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Options traders are forecasting BTC to hit the USD 100k mark by the end of the<\/strong><strong style=\"background-color: transparent;\"> year<\/strong><span style=\"background-color: transparent;\">, with crypto exchange Deribit recording investors lining up to price in the ambitious target. Cumberland Labs\u2019 Chris Newhouse heralded the market entering an \u201cundeniable bull market for the next few years\u201d in comments to <\/span><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-10\/bitcoin-btc-on-cusp-of-80-000-for-first-time-on-optimism-over-trump?srnd=homepage-middle-east\" rel=\"noopener\">Bloomberg<\/a><span style=\"background-color: transparent;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The presidential-elect\u2019s pro-crypto agenda is driving the rally<\/strong>, with crypto investors looking towards Trump\u2019s talk of solidifying the US\u2019 position in the industry, vow to make a strategic crypto stockpile, and changing the regulatory tone around digital assets \u2014 in stark contrast to the Biden administration. BTC Inc\u2019s David Bailey described Trump\u2019s being elected as a chance to \u201cadvance transformational legislation\u201d in the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A historically crypto-friendly Congress is also pushing up confidence in digital assets,<\/strong> as a Republican majority in the Senate and likely soon the House will welcome pro-digital asset lawmakers \u2014 many of which would have received some of the USD 100 mn from the industry to support their election campaigns. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The greenback, Wall Street stocks, and what are now being called \u201cTrump trades\u201d have<\/strong><strong> also had a strong 12 days<\/strong>, with the S&amp;P 500 hitting fresh records, US stocks recording their best week of the year last week, and the USD strengthening against its peers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But much of the optimism may be misplaced, <\/strong>with Citi\u2019s Drew Pettit arguing that amid the \u201ceuphoria territory,\u201d many are \u201cskipping the argument that bad things may happen,\u201d reports the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f50e6936-af3c-4066-9b4b-41797549541b\" style=\"\" rel=\"noopener\">Financial Times<\/a>. The US economy could soon be set to see the return of rising inflation, steep deficits, warn economists, as mass deportations, tariffs, monetary policy interference, and tax cuts proposed by Trump could push the country\u2019s economy off course \u2014 and with it the recent enthusiasm for Trump trades.<\/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>The post-election rally doesn\u2019t seem to spreading to the Asian markets in early trading<\/strong><strong> this morning<\/strong>, with the Hang Seng starting the day in the red at -0.5, followed by the Kopsi at -0.4%, while the Shanghai index is up 0.1% and the Nikkei leading the pack in the green at 0.7%.<\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,436<\/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: -1.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,652<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +14.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,889<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +1.2%)<\/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\">4.6% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.4% 1 yr<\/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>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\">12,106<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +1.2%)<\/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>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">31,621<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: +27.0%)<\/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>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\">6,001<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: +27.0%)<\/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>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\">8,125<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.7% (YTD: +5.1%)<\/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>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\">4,854<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1% (YTD: +7.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 71.89<\/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\">-2.7%<\/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>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 2.94<\/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\">+10.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,627.00<\/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\">-2.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 88,008.80<\/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\">+10.1% (YTD: +107.7%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX fell 0.1% yesterday<\/strong> on turnover of AED 1.3 bn. The index is down 1.5% 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>Fujairah Building Industries (+14.8%), Gulf Medical Projects Company (+12.2%) and Ras Al Khaimah National Ins. Company (+10%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Fertiglobe (-5.2%), Foodco National Foodstuff (-4.5%) and Americana Restaurants International (-3.7%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index rose 0.3% on turnover of AED 262.1 mn. Meanwhile, Nasdaq Dubai closed up 0.3%.<\/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\/cryptocurrency\/\">cryptocurrency<\/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=\"97806\" 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\/12\/97806-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-97806\" class=\"content-area-description single-story post-97806 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>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>11-12 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>11-13 November (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/uaeiaa.org\/2024congress\/\" style=\"\">Audit, Anti-Fraud and IT Congress<\/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>11-15 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 style=\"font-weight:400;\">, 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 style=\"font-weight:400;\">12 November (Tuesday): The Dubai Sports Retreat, The 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>12 November (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/icom.museum\/en\/events\/icom-2024-international-symposium-dubai\/\" style=\"\">ICOM 2024 International Symposium<\/a><\/span><span style=\"font-weight:400;\">, Etihad Museum, Dubai<\/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>18-19 November (Monday-Tuesday):  <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.apexgroup.com\/apex-invest\/apex-invest-events\/apex-invest-the-capital-of-capital-2024\/\" style=\"\">Apex Invest Abu Dhabi<\/a><\/span><span style=\"font-weight:700\">, <\/span><span style=\"font-weight:400;\">The Hilton, 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;\">19-27 November (Tuesday-Wednesday): Subscription period kicks off for the retail portion of Talabat\u2019s IPO. <\/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;\">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 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 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 style=\"font-weight:400;\">1- December (Tuesday): Talabat\u2019s shares will start trading on the DFM. <\/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>14-16 January (Tuesday- Thursday):<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/intersec.ae.messefrankfurt.com\/dubai\/en.html\" style=\"\">Intersec<\/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>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;\"><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: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>Bookbuilding for Talabat kicks off next week | Adia to invest in Qlik | Mubadala, Apollo extend partnership<\/p>\n","protected":false},"featured_media":97779,"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-97778","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"2a38b3d6-e3ed-4c57-96ac-9927b47e00f8","teaser":"Bookbuilding for Talabat kicks off next week | Adia to invest in Qlik | Mubadala, Apollo extend partnership","photo_url":"https:\/\/ent.news\/2024\/7\/559.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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