{"id":98393,"date":"2024-11-29T00:00:00","date_gmt":"2024-11-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=98393"},"modified":"2025-12-15T02:11:51","modified_gmt":"2025-12-15T02:11:51","slug":"mair-group-plans-adx-direct-listing-next-month","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/mair-group-plans-adx-direct-listing-next-month\/","title":{"rendered":"Mair Group plans ADX direct listing next month"},"content":{"rendered":"<section id=\"98395\" 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=\"98395\">\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\/29\/dubai-is-getting-the-gulfs-first-large-scale-brewery-adgms-assets-under-management-grew-more-than-200-in-3q\/\">\r\n                            THIS MORNING: Dubai is getting the Gulf\u2019s first large-scale brewery + ADGM\u2019s assets under management grew more than 200% in 3Q                        <\/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\/8\/1373.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"98396\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/dubai-is-getting-the-gulfs-first-large-scale-brewery-adgms-assets-under-management-grew-more-than-200-in-3q\/1373-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1373.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1373.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1373.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1373.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98395\" class=\"content-area-description single-story post-98395 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-adani tag-adgm tag-drake-and-scull tag-energy tag-enterpriseam-uae tag-international-holding-company tag-ma tag-oil-and-gas tag-opec-2 tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.bcce8a77-1563-4cb2-9560-86dfd11fe403.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people, and happy FRIDAY. <\/strong>We also wish you all a very happy UAE national day, and hope you all have fun plans for the long weekend. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF- A quick programming note:<\/strong> EnterpriseAM UAE will be off on Monday and Tuesday next week for the holiday. We will be back in your inbox on Wednesday, 4 December. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have a brisk issue to close out the week<\/strong>, with news of a new IPO on the ADX next month, Masdar closing its acquisition of Greece\u2019s Terna Energy, and macro data on consumer spending in 3Q 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- Expect more windy conditions today:<\/strong> Partly cloudy conditions are expected to persist across the country through the weekend, accompanied by blowing winds and dust and a drop in temperatures, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/2718.pdf\" style=\"\" rel=\"noopener\">National Center of Meteorology (pdf)<\/a>. <strong>Dubai <\/strong>will see the mercury hit 28\u00b0C, with an overnight low of 23\u00b0C, while temperatures will hit 25\u00b0C in <strong>Abu Dhabi<\/strong>, with an overnight low of 23\u00b0C.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a><strong> #1- Dubai is set to become home to the Gulf's first large-scale brewery<\/strong>, courtesy of a joint venture between Heineken and Maritime and Mercantile International (MMI), <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-28\/heineken-plans-gulf-s-first-large-scale-brewery-in-dubai\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing a company statement. The JV, named Sirocco, confirmed plans to begin construction of the brewery in late 2025, with expected completion date in 2027. All necessary permits for the project have been obtained. Sirocco intends to increase its workforce from 60 to 190 full-time employees. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Dubai \u2014 widely viewed as a cosmopolitan hub and a tourist city \u2014 has been loosening regulations over the sale of alcohol for a while. <\/strong>The emirate <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/dubai-scraps-30-tax-alcohol-sales-amid-economic-rebound-2023-01-02\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/dubai-scraps-30-tax-alcohol-sales-amid-economic-rebound-2023-01-02\/\" style=\"\" rel=\"noopener\">scrapped<\/a> a 30% sales tax on alcohol and a liquor license fee in 2023. The UAE, at a wider scale, is also working on attracting more tourists with megaprojects like Wynn Resorts\u2019 Wynn Al Marjan Island casino project in Ras Al Khaimah.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- State-owned International Holding Company (IHC) maintained its outlook on <\/strong><strong>investments in Adani Group <\/strong>despite the founder\u2019s recent fraud charges, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/abu-dhabis-ihc-says-its-outlook-adani-group-investments-is-unchanged-2024-11-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing an IHC statement. \u201cOur team continues to evaluate developments. At this time, our outlook on these investments remains unchanged,\u201d the statement mentioned, without clarifying future plans for the investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adani\u2019s shares have been paring their losses<\/strong>, which narrowed from USD 34 bn to USD 12.5 bn as of yesterday amid persistent support from some investors and partners, including the State Bank of India, which reportedly said it would continue to lend to ongoing Adani projects that are nearing completion, two sources told Reuters. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong> US prosecutors <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9b2dafdf-82c7-4267-9940-76d79ff9ac3f\/%253cmark%253eadani%253c%2Fmark%253e,-gqg-stocks-plunge-on-us-indictment\" style=\"\" rel=\"noopener\">charged Adani<\/a> and seven others with involvement in a USD 265 mn bribery and fraud scheme, with the charges also including raising capital through false and misleading statements. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- IHC is not the only UAE investor exposed to Adani:<\/strong> The Abu Dhabi Investment Authority (Adia) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bc811455-81fb-4bbb-b631-691ff0cad3ed\/adia-backs-adani-energy-in-secondary-share-shale%5C\" style=\"\" rel=\"noopener\">invested<\/a> in Adani Energy Solutions\u2019 secondary share sale in July, which was worth up to USD 1 bn. The UAE entity, along with other GCC sovereign wealth funds, was also in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a92b96d4-0081-44bb-8c2c-94fdfb2b1c6f\/this-morning:-adia-to-participate%253cmark%253e-adani%253c%2Fmark%253e%25e2%2580%2599s-usd-2-bn-share-sale%3F-%2B-dubai-will-be-90%2525-cashless-by-2026\" style=\"\" rel=\"noopener\">discussions<\/a> with Adani Enterprises to raise USD 2 bn from a qualified institutional placement (QIP).<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Engineering contractor Drake and Scull International (DSI) submitted AE<\/strong><strong>D 4 bn worth of bids for infrastructure projects<\/strong>, with a current project backlog of AED 559 mn, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/2709.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The projects include water treatment initiatives as well as mechanical, engineering, and plumbing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Drake and Scull International <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f04bf5ec-b431-4f0f-9e4e-352ce9fa695b\/earnings-season-is-still-in-motion\" style=\"\" rel=\"noopener\">turned to the black<\/a> in 3Q 2024, reporting a net income of AED 5.9 mn from a loss of AED 34.9 mn in the same period last year. The company relisted on the DFM following a restructuring plan involving a capital increase and a write-off of AED 4 bn in debt in March. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> DSI\u2019s subsidiary Passavant Energy and Environment <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9bc60138-befa-4131-ab33-bd6a65e36838\/china%25e2%2580%2599s-ehang-to-develop-evtols-in-the-uae-%2B-jas-breaks-ground-on-logistics-hub\" style=\"\" rel=\"noopener\">inked a USD 48 mn<\/a> design and construction contract earlier this year, to develop a 200k cubic meter wastewater treatment plant in Al Khobar, Saudi Arabia. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#4- Dubai will allocate AED 750 mn for the second phase of its R&amp;D program<\/strong>, aimed at positioning Dubai as a global leader in research and development by 2033, after the Dubai Executive Council approved the budget, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b6f948c-hamdan-bin-mohammed-chairs-meeting-executive\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The program aims to contribute AED 20 bn a year to Dubai\u2019s economy. The Council also adopted three key strategies:<\/p>\n<ul>\n<li>A <strong>Dubai resilience strategy<\/strong> to boost the emirate's ability to withstand challenges;<\/li>\n<li>A <strong>food security strategy<\/strong> to secure a sustainable food supply;<\/li>\n<li>A <strong>penal enforcement system<\/strong> to modernize justice and enforcement mechanisms.<\/li>\n<\/ul>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#5- The UAE\u2019s net wealth grew 10% y-o-y to reach USD 2.9 tn in 2023 and it <\/strong><strong>is expected to hit USD 4.4 tn by 2028<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/research-and-studies\/uaes-net-wealth-reached-29trln-in-2023-reveals-bcg-global-wealth-report-raj8s76y\" style=\"\" rel=\"noopener\">press release<\/a>, citing Boston Consulting Group's annual global wealth report. The UAE\u2019s net wealth calculation included financial wealth, real assets, and liabilities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> Financial wealth rose by 7.6% annually from 2018 to 2023, reaching USD 1 tn in 2023, with expectations for an annual increase of 7.3%, amounting to USD 1.5 tn by 2028. Meanwhile, real assets grew by 9.1% annually from 2018 to 2023 and are predicted to increase by 8.5% annually to reach USD 3.1 tn by 2028. Liabilities remained the same at USD 180 bn in 2023 and they are expected to reach USD 240 bn by 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The GCC country is the world\u2019s seventh largest booking center, and it may become \u201cthe sixth largest by 2028,\u201d<\/strong> Head of Financial Institutions in the Middle East Lukasz Rey said. Individuals with assets exceeding USD 100 mn make up 29% of the UAE's total financial wealth, more than double the global average of 14% for the same wealth segment. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt4\"><\/a><strong> #6- Healthcare chain Aster is reportedly nearing an agreement to merge with India\u2019<\/strong><strong>s Blackstone-backed Quality Care<\/strong>, with the agreement potentially taking place today, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-28\/aster-is-said-to-near-deal-with-blackstone-backed-quality-care\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people it says are familiar with the matter. Shareholders of Aster are poised to own around 57% of the merged entity, while Quality Care\u2019s shareholders would hold the remaining 43%. The new entity would have 10k beds, making it one of India\u2019s biggest hospital chains in terms of revenue and bed capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Blackstone has been eyeing a merger or acquisition for Aster\u2019s India unit since last year. The two were reportedly <a target=\"_blank\" href=\"https:\/\/m.economictimes.com\/industry\/healthcare\/biotech\/healthcare\/aster-dm-health-quality-care-inching-closer-to-a-merger-deal\/articleshow\/113468705.cms\" style=\"\" rel=\"noopener\">in talks<\/a> since September. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- UAE to get one or two large-scale solar projects every year until 2030, <\/strong><a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2024\/11\/28\/uae-solar-energy\/\" style=\"\" rel=\"noopener\">the<\/a><a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2024\/11\/28\/uae-solar-energy\/\" style=\"\" rel=\"noopener\">National<\/a> reports, citing statements from Energy Minister Suhail Al Mazrouei at the RAK Energy Summit. The country is now seeing \u201cprobably the highest demand\u201d for energy as the economy continues to grow, Al Mazrouei said. The push is also part of an overall effort to achieve net zero by 2050 and 30% energy from renewables by 2030. The UAE currently generates around 6 GW of renewable energy and plans to increase this to at least 15 GW by 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have a few in the pipeline: <\/strong>The Emirates Water and Electricity Company (Ewec) invited developers and consortiums to submit an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9d596053-d18b-47ed-8d62-e927fec10cdc\/\" style=\"\" rel=\"noopener\">Expression of Interest (EOI)<\/a> for the development of the 1.5 GW Zarraf solar plant in Abu Dhabi\u2019s Al Dhafra Region in October. This followed previous projects, including the now-operational <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/66d56efc-43f3-4761-97d0-72329c6d0269\" style=\"\" rel=\"noopener\">2 GW Al Dhafra solar plant<\/a>, the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/499601fe-117e-440a-9f14-b38c1e76064a\" style=\"\" rel=\"noopener\">1.5 GW Al Ajban solar plant<\/a>, which is still underway, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e8dd65c1-1a2a-48d2-a57e-bb06f1836ab3\" style=\"\" rel=\"noopener\">1.5 GW Khazna solar plant<\/a>, which is still in the tendering process. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#8- Green Coast eyes USD 50 mn in investments in Egypt over next three <\/strong><strong>years: <\/strong>Dubai-based <a target=\"_blank\" href=\"https:\/\/greencoast.ae\/\" style=\"\" rel=\"noopener\">Green Coast<\/a> is planning to invest some USD 50 mn in Egypt in the next three years, with a focus on renewables and infrastructure, CEO Mohammed Abdul Ghaffar Hussain told <a target=\"_blank\" href=\"https:\/\/x.com\/AsharqbEGY\/status\/1862086838149632326\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The company is currently investing USD 10 mn in pipe producer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1a1c99b9-3761-42fc-985c-92bfa6efc431\/arab-contractors-will-build-usd-70-mn-road-in-uganda.-plus:-news-from-cib,-hsbc,\" style=\"\" rel=\"noopener\">EGFCO<\/a>, a JV between the Swiss GF Piping Systems and Green Coast\u2019s investment arm Corys Investments.<\/p>\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#1- ADGM\u2019s assets under management grew 215% y-o-y in 3Q 2024<\/strong>, with the total number of fund and asset managers reaching 128, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/2729.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Some 759 new business licenses were handed out, marking a 33% y-o-y increase. Among the new joiners: <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5e533d0f-095c-4daa-98e4-a4e8644bf08d\/us-asset-manager-pgim-launches-first-regional-office-in-adgm\" style=\"\" rel=\"noopener\">USD 1.3 tn asset manager PGIM<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ec801220-1a3b-4077-a243-95a0771b3431\/%253cmark%253enuveen%253c%2Fmark%253e-joins-asset-manager-rush-to-abu-dhabi\" style=\"\" rel=\"noopener\">Nuveen<\/a>, and Elysium Management. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Abu Dhabi Chamber of Commerce and Industry (ADCCI) reported a 1<\/strong><strong>9% increase in food and beverage exports from the UAE in the first half of 2024,<\/strong> projecting sector revenues to reach AED 141 bn, according to an <a target=\"_blank\" href=\"https:\/\/www.abudhabichamber.ae\/en\/media-centre\/news\/Abu-Dhabi-Chamber-Report-increase-UAE-food-and-beverage-exports-2024\" style=\"\" rel=\"noopener\">ADCCI statistics<\/a><a target=\"_blank\" href=\"https:\/\/www.abudhabichamber.ae\/en\/media-centre\/news\/Abu-Dhabi-Chamber-Report-increase-UAE-food-and-beverage-exports-2024\" style=\"\" rel=\"noopener\">report<\/a>. Some 2.5k new companies in the food sector joined ADCCI between January and October 2023, accounting for some 8.2% of total membership.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> Consumer spending in the sector is expected to rise by 6.3% in 2024, while online sales of food and beverages in Abu Dhabi are expected to hit AED 2.3 bn next year, driven by e-commerce growth, the report added. <\/p>\n<p class=\"tag-border-left\">PSA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Salik is set to introduce variable road toll pricing at the end <\/strong><strong>of January 2025<\/strong>, and a variable parking tariff policy by the end of March 2025, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b6f93zj-rta-announces-variable-salik-parking-tariff\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The new policy includes parking fees for parking during events. The breakdown: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For road tolls:<\/strong><\/p>\n<ul>\n<li><strong>Peak hours <\/strong>(weekdays, 6-10am, 4-8pm): AED 6;<\/li>\n<li><strong>Off-peak hours <\/strong>(weekdays, 10am-4pm, 8pm\u20131am): AED 4;<\/li>\n<li><strong>No toll fees between 1-6am daily<\/strong>, and all day Sunday except during public holidays or major events.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Parking tariffs:<\/strong><\/p>\n<ul>\n<li><strong>Peak hours<\/strong>: AED 6 per hour for <strong>premium parking<\/strong>, and AED 4 per hour for <strong>standard parking<\/strong>;<\/li>\n<li><strong>No parking fees between<\/strong> 10pm-8am and all day on Sundays;<\/li>\n<\/ul>\n<ul>\n<li><strong>Event-specific parking: <\/strong>AED 25 per hour for public parking near event zones, with an initial rollout at Dubai World Trade Center during major events starting February 2025.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Where to go (and not go) for UAE national day: <\/strong>Khalifa Square will be temporarily closed between 28-30 December in preparation for UAE National Day celebrations, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/abu-dhabi-park-to-be-temporarily-closed-due-to-uae-national-day-celebrations\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports. Meanwhile, Louvre Abu Dhabi will offer entry without charge on Monday, 2 December, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/louvre-abu-dhabi-celebrates-eid-al-etihad-with-free-entrance-for-all-snv68y0t\" style=\"\" rel=\"noopener\">press release<\/a>. The museum will host a variety of activities showcasing Emirati heritage, including live screenings of Emirati films and access to permanent galleries.<\/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>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.big5global.com\/?utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=Big5Global&amp;gad_source=1&amp;gclid=CjwKCAjwreW2BhBhEiwAavLwfMyCmxvF5TomCWjZjNNsrbM3dAEVIr25shB3MjkoI5W3FPbNnU4_hhoCOVoQAvD_BwE\" style=\"\" rel=\"noopener\">Big 5 Global Exhibition<\/a><\/strong><strong> wraps today <\/strong>at the Dubai World Trade Center. The exhibition will feature key players and experts in the construction industry to discuss recent innovations and showcase available investment prospects.<\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Less than two days since the ceasefire took effect, Israel has opened fire in Lebanon<\/strong> on what it says were \u201csuspects\u201d that arrived in the southern zone, while Hezbollah pointed fingers at Israel for attacking people \u201creturning to the border villages.\u201d The Israeli army has been warning against Lebanese returning to specific areas. The ceasefire seems to continue to hold despite the incidents, but it remains unclear how mns of displaced Lebanese will return home. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israeli-tank-fires-3-south-lebanese-towns-lebanese-security-sources-media-say-2024-11-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-28\/lebanese-defy-warnings-to-rush-back-home-after-israel-cease-fire?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/11\/28\/world\/middleeast\/lebanon-israel-ceasefire-hezbollah.html\" style=\"\" rel=\"noopener\">NY Times<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Australia just introduced the world\u2019s first social media ban for children under 16<\/strong>, with the ban expected to take effect in November 2025. The ban will force social media firms to impose age-control verifications or face fines of up to USD 32 mn. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/australia-passes-social-media-ban-children-under-16-2024-11-28\/\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/australia-passes-social-media-ban-children-under-16-2024-11-28\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2024\/11\/28\/australia\/australia-passes-social-media-law-intl-hnk\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/media\/2024\/nov\/28\/australia-passes-world-first-law-banning-under-16s-from-social-media-despite-safety-concerns\" style=\"\" rel=\"noopener\">Guardian<\/a>) <\/p>\n<p class=\"tag-border-left\"> OIL WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Opec+ postponed its meeting to 5 December from 1 December<\/strong> since several ministers of member nations will be attending the Gulf Summit in Kuwait City on the same day, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/11\/28\/opec-postpones-meeting-to-decide-oil-production-strategy-to-dec-5-delegates.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reports, citing the Opec Secretariat. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Member countries are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3069b257-32a0-4732-b07d-07a6d8335da5\/this-morning:-pollution-charging-system-coming%3F-%2B-nutrition-labels-to-become-mandatory-on-food-packaging-in-abu-dhabi-in-2025\" style=\"\" rel=\"noopener\">in discussions<\/a> to potentially delay their plan to phase out oil supply cuts in January due to the threat of oversupply, after delaying it initially from October. <\/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.<span style=\"background-color: transparent;\">&nbsp;<\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/idadesal.org\/\" style=\"\" rel=\"noopener\">The International Desalination and Water Reuse World Congress<\/a><\/strong> <strong> will take place between 8-12 December <\/strong>at the Adnec Center in Abu Dhabi. The event will feature discussions on innovations in water desalination and reuse technologies, decarbonization efforts, integrated water resources management, and best practices for rationalizing water consumption.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/worldef.com\/events\/dubai-2024\/\" style=\"\" rel=\"noopener\">The WORLDEF Dubai 2024 forum<\/a><\/strong><strong> will take place on 4-5 December<\/strong> at Dubai CommerCity. The event will gather over 5k representatives from leading organizations in digital commerce. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/euroarabmed.com\/\" style=\"\" rel=\"noopener\">European Arab Medical Congress<\/a><\/strong><strong> will take place on 11-12 December <\/strong>at the headquarters of Zayed Higher Organisation for People of Determination in Abu Dhabi. Hosted by the <a target=\"_blank\" href=\"https:\/\/www.emiratesscholar.com\/event\/eamc\/\" style=\"\" rel=\"noopener\">Emirates Scholar Center for Research and Studies<\/a>, the event will host 50 speakers and feature 40 scientific sessions covering the latest innovations in medicine and medical technology.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/investopia.ae\/events\/investopia-2024\/\" style=\"\" rel=\"noopener\">Investo<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/investopia.ae\/events\/investopia-2024\/\" style=\"\" rel=\"noopener\">pia 2024<\/a><\/strong><strong> will take place on 28-29 February<\/strong> at the St. Regis Abu Dhabi in Saadiyat Island, under the theme Emerging Economic Frontiers: Investing in the New Economy Growth Sectors. The event will feature discussions on global investment opportunities and trends shaping the economy over the next decade. Attendees will engage with leaders, investors, and stakeholders from various sectors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adani\/\">Adani<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adgm\/\">ADGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/drake-and-scull\/\">Drake and Scull<\/a>\n      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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"98399\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/investment-firm-mair-group-plans-direct-listing-on-the-adx-on-9-december\/851-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"851.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/851.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98398\" class=\"content-area-description single-story post-98398 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-adx tag-enterpriseam-uae tag-investment tag-ipo-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\/.68573a61-26e0-4f84-8f80-1be576742e72.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mair Group to list on ADX in December: <\/strong>Abu Dhabi investment firm Mair Group will directly list on the Abu Dhabi Securities Exchange (ADX) on 9 December, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/mair-group-announces-intention-to-list-on-the-abu-dhabi-securities-exchange-mx911sjm\" style=\"\" rel=\"noopener\">press release<\/a>. The company reported AED 1.2 bn in revenue during 1H 2024 and distributed AED 135 mn in dividends, representing 12.1% of its share capital, to its over 12k shareholders. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the company:<\/strong> Mair Group specializes in food retail and commercial real estate, operating over 100 stores under the Adcoop and Spar brands and managing over 12 shopping centers, including the Mall of Al Ain and Makani Community Centres, boasting a 95% occupancy rate. The firm has grown through acquisitions, including Abu Dhabi Cooperative Society and Makani Real Estate. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The company was recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5e533d0f-095c-4daa-98e4-a4e8644bf08d\/us-asset-manager-pgim-launches-first-regional-office-in-adgm\" style=\"\" rel=\"noopener\">consolidated<\/a>, with Adcoop and Makani Real Estate moving under its wing in September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADX\u2019s has been busy:<\/strong> LuLu Group\u2019s retail arm, Lulu Retail, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/aa543363-43e6-4d53-9e9a-d905fc2370c5\/lulu-retail-raises-aed-6.32-bn-in-largest-ipo-of-the-year\" style=\"\" rel=\"noopener\">raised AED 6.3 bn<\/a> from its IPO on ADX in November, while Abu Dhabi National Hotels\u2019 ADNH Catering <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/852d8c48-db64-4d1c-a0cc-fe0379a4c10c\/adnh-catering-raises-aed-864-mn-in-its-adx-ipo\" style=\"\" rel=\"noopener\">raised AED 864 mn<\/a> from its IPO in October. The stock market rush was also joined by Abu Dhabi-based edtech firm Alef Education which <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/886cf5ca-8333-4ff7-a9aa-025a811156f8\/first-abu-dhabi%253cmark%253e-ipo%253c%2Fmark%253e-of-the-year-raises-aed-1.89-bn\" style=\"\" rel=\"noopener\">raised AED 1.89 bn<\/a> in June. <\/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\">THERE\u2019S MORE TO COME- <\/p>\n<ul>\n<li><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c51b4ea9-069c-433b-a44a-d91139d4417f\" style=\"\" rel=\"noopener\"><\/a> <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c51b4ea9-069c-433b-a44a-d91139d4417f\" style=\"\" rel=\"noopener\">Etihad Airways<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c51b4ea9-069c-433b-a44a-d91139d4417f\" style=\"\" rel=\"noopener\"><\/a> is set to make its debut sometime next year; <\/li>\n<li>while <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b5a6a284-e95b-4f0b-a577-0cfaccd95a8d\/abu-dhabi%25e2%2580%2599s-alpha-data-mulls-usd-200-mn-ipo\" style=\"\" rel=\"noopener\"><\/a> <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b5a6a284-e95b-4f0b-a577-0cfaccd95a8d\/abu-dhabi%25e2%2580%2599s-alpha-data-mulls-usd-200-mn-ipo\" style=\"\" rel=\"noopener\">Alpha Data<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b5a6a284-e95b-4f0b-a577-0cfaccd95a8d\/abu-dhabi%25e2%2580%2599s-alpha-data-mulls-usd-200-mn-ipo\" style=\"\" rel=\"noopener\"><\/a> set to debut in a potentially USD 200 mn IPO on the ADX soon.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adx\/\">ADX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo-watch\/\">IPO 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=\"98400\" 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=\"98400\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/masdar-snaps-up-70-of-greeces-terna-energy\/\">\r\n                            Masdar finalizes acquisition of 70% of Greece\u2019s Terna Energy                        <\/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\/29\/masdar-snaps-up-70-of-greeces-terna-energy\/\" 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\/29\/masdar-snaps-up-70-of-greeces-terna-energy\/')\">\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\/29\/masdar-snaps-up-70-of-greeces-terna-energy\/\">\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=Masdar snaps up 70% of Greece\u2019s Terna Energy&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/masdar-snaps-up-70-of-greeces-terna-energy\/\">\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\/29\/masdar-snaps-up-70-of-greeces-terna-energy\/&title=Masdar snaps up 70% of Greece\u2019s Terna Energy\">\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=Masdar+snaps+up+70%25+of+Greece%E2%80%99s+Terna+Energy+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F29%2Fmasdar-snaps-up-70-of-greeces-terna-energy%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\/29\/masdar-snaps-up-70-of-greeces-terna-energy\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1452.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"98401\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/masdar-snaps-up-70-of-greeces-terna-energy\/1452-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1452.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1452.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1452.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1452.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98400\" class=\"content-area-description single-story post-98400 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-enterpriseam-uae tag-investment-watch tag-ma tag-ma-watch tag-masdar 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\/.70210b04-db16-4366-a91c-4a731397089c.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Masdar completes acquisition of Greek renewables giant Terna En<\/strong><strong>ergy: <\/strong>State-run renewables giant Masdar completed its acquisition of a 70% stake in Greece\u2019s <a target=\"_blank\" href=\"https:\/\/www.terna-energy.com\/\" style=\"\" rel=\"noopener\">Terna Energy<\/a> for EUR 20 per share, valuing the company at EUR 3.2 bn, and marking one of the largest acquisitions in the EU renewables industry, according to a <a target=\"_blank\" href=\"https:\/\/masdar.ae\/en\/news\/newsroom\/masdar-closes-deal-to-acquire-terna-energy\" style=\"\" rel=\"noopener\">statement<\/a>. Madar \u2014 now Terna Energy\u2019s majority shareholder \u2014 plans to seek regulatory approval for an all-cash, mandatory offer to buy the remaining stakes of the Greek company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Masdar reached a final agreement to purchase an initial 67% stake in Greece\u2019s Terna Energy <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/efa80ef5-4810-4507-9715-23970c0aa928\/masdar-is-snapping-up-greece%25e2%2580%2599s-terna-energy\" style=\"\" rel=\"noopener\">earlier in June<\/a>, with plans to buy the remaining stakes once the transaction is completed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger picture: <\/strong>The move pushes Masdar closer to achieving its goal of 100 GW of global energy capacity by 2030, the statement says. Terna \u2014 the largest investor in Greece\u2019s renewables sector \u2014 aims to achieve 6 GW of operational renewables capacity by 2029 while its parent company <a target=\"_blank\" href=\"https:\/\/www.gekterna.com\/\" style=\"\" rel=\"noopener\">Gek Terna<\/a> is focused on becoming a leader in diversified infrastructure across Greece and Southeast Europe.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Terna Energy\u2019s current portfolio<\/strong>: The company\u2019s capacity sits at 1.2 GW today, operating across a diverse renewable energy portfolio of wind, solar, biomass, and hydro projects, including the 680 MW Amfilochia pumped hydro project, one of Europe\u2019s largest.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar has been on an acquisition spree this year: <\/strong>The company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ca60036d-b07f-402b-aa92-52960f124b04\/%253cmark%253emasdar%253c%2Fmark%253e-snaps-up-another-spanish-renewables-firm\" style=\"\" rel=\"noopener\">acquired<\/a> Spanish renewable energy firm Saeta Yield from Canada-based investment firm Brookfield for USD 1.4 bn in September. It also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b9cadece-bc29-4076-b060-2ace6f101077\/%253cmark%253emasdar%253c%2Fmark%253e-snaps-up-c.-50%2525-of-spanish-solar-energy-firm\" style=\"\" rel=\"noopener\">snapped up<\/a> a 50% stake in Spanish power firm Endesa\u2019s solar power installations subsidiary EPGE Solar for AED 3.3 bn. Outside of Europe, it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/daf7a451-36ab-49f6-8a1a-2504074fd65a\/%253cmark%253emasdar%253c%2Fmark%253e-to-acquire-50%2525-of-us-renewable-energy-producer\" style=\"\" rel=\"noopener\">acquired<\/a> a 50% stake in one of the largest independent renewable energy producers in the United States, Terra-Gen Power Holdings<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Masdar appointed Rothschild & Co. as financial advisor and Simmons & Simmons, Bernitsas Law, and Latham & Watkins for legal counsel. Gek Terna and Terna Energy were advised by Morgan Stanley, Reed Smith, and Potamitis Vekris.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/masdar\/\">Masdar<\/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=\"98402 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"98402\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/98402-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98402\" class=\"content-area-description single-story post-98402 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/about-us\/sustainability\/climb2change\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1254.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"98403\" 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=\"98403\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/consumer-spending-remained-resilient-in-3q-2024-despite-seasonal-patterns\/\">\r\n                            Consumer spending remained resilient in 3Q 2024 despite seasonal patterns                        <\/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\/29\/consumer-spending-remained-resilient-in-3q-2024-despite-seasonal-patterns\/\" 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\/29\/consumer-spending-remained-resilient-in-3q-2024-despite-seasonal-patterns\/')\">\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\/29\/consumer-spending-remained-resilient-in-3q-2024-despite-seasonal-patterns\/\">\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=Consumer spending remained resilient in 3Q 2024 despite seasonal patterns&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/consumer-spending-remained-resilient-in-3q-2024-despite-seasonal-patterns\/\">\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\/29\/consumer-spending-remained-resilient-in-3q-2024-despite-seasonal-patterns\/&title=Consumer spending remained resilient in 3Q 2024 despite seasonal patterns\">\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=Consumer+spending+remained+resilient+in+3Q+2024+despite+seasonal+patterns+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F29%2Fconsumer-spending-remained-resilient-in-3q-2024-despite-seasonal-patterns%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\/29\/consumer-spending-remained-resilient-in-3q-2024-despite-seasonal-patterns\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2050.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"98404\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/consumer-spending-remained-resilient-in-3q-2024-despite-seasonal-patterns\/2050-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2050.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2050.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2050.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2050.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98403\" class=\"content-area-description single-story post-98403 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam-uae tag-fmcg tag-tech wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.a57e1f4c-6148-40d6-bc7a-7cee007feb6f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE consumers increased their spending on fast-moving consumer goods, tech, and durables by 4.8% y-o-y to USD 3.7 bn in 3Q 2024<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/nielseniq.com\/global\/en\/news-center\/2024\/digital-transformation-and-convenience-retail-boost-uae-consumer-spending-in-q3-2024\/\" style=\"\" rel=\"noopener\">NielsenIQ Reta<\/a><a target=\"_blank\" href=\"https:\/\/nielseniq.com\/global\/en\/news-center\/2024\/digital-transformation-and-convenience-retail-boost-uae-consumer-spending-in-q3-2024\/\" style=\"\" rel=\"noopener\">il Spend Barometer<\/a>. Fast-moving consumer goods (FMCGs) dominated spending, with a 6.4% y-o-y increase to USD 2.2 bn during the quarter. Tech and durables came in second, growing 2.5% y-o-y to USD 1.5 bn, marking slower growth from last year\u2019s 7.7% growth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale:<\/strong> The performance was driven mostly by back-to-school sales, as well as an increase in demand for convenience retail due to the influx of expats, Retail Lead of NIQ Middle East David Cantatore said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a q-o-q basis<\/strong>, the figure marks a decline <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/86abe7e4-88e8-48b9-869a-be06f8f6b66a\/this-morning:-adnoc-to-submit-final-eur-14.4-bn-bid-for-covestro-%2B-etihad-airways-ipo-pushed-to-next-year%3F\" style=\"\" rel=\"noopener\">from USD 3.8 bn<\/a> spent on fast-moving consumer goods (FMCGs) and tech and durables in 2Q 2024. FMCG spending saw a moderate adjustment after strong growth in the first half of the year, which is attributed to typical seasonal patterns. Meanwhile, tech and durables also saw a gradual decline q-o-q, with product launches like that of Samsung Galaxy S24 in 1Q 2024 boosting performance during that quarter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Online shopping + healthier options are growing more popular: <\/strong>Purchase trends are displaying a rising preference for healthier and sustainable products. They also show an increase in the usage of online and quickcommerce grocery shopping platforms, especially among young and busy professionals. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fmcg\/\">FMCG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"98405\" 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=\"98405\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">KUDOS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/aafaq-islamic-finance-receives-two-awards-mashreq-snags-private-banking-award-plus-gme-named-middle-east-exchange-of-the-year\/\">\r\n                            Aafaq Islamic Finance receives two awards + Mashreq snags private banking award. Plus: GME named Middle East Exchange of the year                        <\/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\/29\/aafaq-islamic-finance-receives-two-awards-mashreq-snags-private-banking-award-plus-gme-named-middle-east-exchange-of-the-year\/\" 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\/29\/aafaq-islamic-finance-receives-two-awards-mashreq-snags-private-banking-award-plus-gme-named-middle-east-exchange-of-the-year\/')\">\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\/29\/aafaq-islamic-finance-receives-two-awards-mashreq-snags-private-banking-award-plus-gme-named-middle-east-exchange-of-the-year\/\">\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=Aafaq Islamic Finance receives two awards + Mashreq snags private banking award. Plus: GME named Middle East Exchange of the year&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/aafaq-islamic-finance-receives-two-awards-mashreq-snags-private-banking-award-plus-gme-named-middle-east-exchange-of-the-year\/\">\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\/29\/aafaq-islamic-finance-receives-two-awards-mashreq-snags-private-banking-award-plus-gme-named-middle-east-exchange-of-the-year\/&title=Aafaq Islamic Finance receives two awards + Mashreq snags private banking award. Plus: GME named Middle East Exchange of the year\">\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=Aafaq+Islamic+Finance+receives+two+awards+%2B+Mashreq+snags+private+banking+award.+Plus%3A+GME+named+Middle+East+Exchange+of+the+year+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F29%2Faafaq-islamic-finance-receives-two-awards-mashreq-snags-private-banking-award-plus-gme-named-middle-east-exchange-of-the-year%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\/29\/aafaq-islamic-finance-receives-two-awards-mashreq-snags-private-banking-award-plus-gme-named-middle-east-exchange-of-the-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1303.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"98406\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/aafaq-islamic-finance-receives-two-awards-mashreq-snags-private-banking-award-plus-gme-named-middle-east-exchange-of-the-year\/1303-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1303.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1303.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1303.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1303.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98405\" class=\"content-area-description single-story post-98405 post type-post status-publish format-standard has-post-thumbnail hentry category-kudos tag-banking tag-enterpriseam-uae tag-finance tag-gulf-mercantile-exchange tag-kudos tag-mashreq wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.7910236e-08fa-4e5c-b32e-b6567421719b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aafaq Islamic Finance snagged two awards at the 2024 MEA Finance Awards<\/strong>: The company took home the Best Digital Transformation Implementation award for its strides in streamlining financial services, while CEO Hisham Hamoud was recognized as most influential leader in transformation for his innovative approach to Islamic finance, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/2024-o5oqw4ir\" style=\"\" rel=\"noopener\">press release<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our friends at Mashreq snagged an award for the digital offering unde<\/strong><strong>r its private banking<\/strong> <strong>unit<\/strong> from the Wealthbriefing MENA Awards, the bank <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/mashreq-uae_privatebanking-wealthmanagement-digitalinnovation-activity-7266692107157819392-c32_?utm_source=share&utm_medium=member_desktop\" style=\"\" rel=\"noopener\">said on LinkedIn<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf Mercantile Exchange (GME) was named Middle East Exchange of the Year by <\/strong><strong>Futures and Options World,<\/strong> an award recognizing regional exchanges for exceptional performance and innovation, according to a <a target=\"_blank\" rel=\"noopener\">press release<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gulf-mercantile-exchange\/\">Gulf Mercantile Exchange<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/kudos\/\">KUDOS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"98407\" 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=\"98407\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/five-holdings-reports-increase-in-hospitality-revenues-in-3q\/\">\r\n                            Five Holdings reports increase in hospitality revenues in 3Q                        <\/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\/29\/five-holdings-reports-increase-in-hospitality-revenues-in-3q\/\" 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\/29\/five-holdings-reports-increase-in-hospitality-revenues-in-3q\/')\">\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\/29\/five-holdings-reports-increase-in-hospitality-revenues-in-3q\/\">\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=Five Holdings reports increase in hospitality revenues in 3Q&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/five-holdings-reports-increase-in-hospitality-revenues-in-3q\/\">\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\/29\/five-holdings-reports-increase-in-hospitality-revenues-in-3q\/&title=Five Holdings reports increase in hospitality revenues in 3Q\">\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=Five+Holdings+reports+increase+in+hospitality+revenues+in+3Q+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F29%2Ffive-holdings-reports-increase-in-hospitality-revenues-in-3q%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\/29\/five-holdings-reports-increase-in-hospitality-revenues-in-3q\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"98408\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/five-holdings-reports-increase-in-hospitality-revenues-in-3q\/157-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"157.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/157.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98407\" class=\"content-area-description single-story post-98407 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseam-uae tag-five-holdings 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\/.d24c7fbe-6106-4669-a10f-fa63fa496ca8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Five Holdings reported a 79% y-o-y increase in net inco<\/strong><strong>me to AED 69.4 mn in 3Q<\/strong><strong> 2024,<\/strong> according to the company's consolidated <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/2686.pdf\" style=\"\" rel=\"noopener\">financial statements (pdf)<\/a>. Revenue for the quarter climbed 81.9% y-o-y to AED 630.4 mn.<\/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>The company booked a 52.6% y-o-y decline in net income to AED 106.5 mn. Revenues rose 32.7% y-o-y to AED 1.5 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> Hospitality segment revenues rose 156.3% y-o-y to AED 507.5 mn in 3Q 2024, while real estate development revenues fell 17.2% y-o-y to AED 122.9 mn during the quarter. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/five-holdings\/\">Five Holdings<\/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=\"98409\" 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=\"98409\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/hsbc-holdings-taps-selim-kervanci-as-new-middle-east-ceo\/\">\r\n                            HSBC Holdings taps Selim Kervanci as new Middle East CEO                        <\/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\/29\/hsbc-holdings-taps-selim-kervanci-as-new-middle-east-ceo\/\" 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\/29\/hsbc-holdings-taps-selim-kervanci-as-new-middle-east-ceo\/')\">\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\/29\/hsbc-holdings-taps-selim-kervanci-as-new-middle-east-ceo\/\">\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=HSBC Holdings taps Selim Kervanci as new Middle East CEO&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/hsbc-holdings-taps-selim-kervanci-as-new-middle-east-ceo\/\">\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\/29\/hsbc-holdings-taps-selim-kervanci-as-new-middle-east-ceo\/&title=HSBC Holdings taps Selim Kervanci as new Middle East CEO\">\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=HSBC+Holdings+taps+Selim+Kervanci+as+new+Middle+East+CEO+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F29%2Fhsbc-holdings-taps-selim-kervanci-as-new-middle-east-ceo%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\/29\/hsbc-holdings-taps-selim-kervanci-as-new-middle-east-ceo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2726.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"98410\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/hsbc-holdings-taps-selim-kervanci-as-new-middle-east-ceo\/2726-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2726.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2726.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2726.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2726.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98409\" class=\"content-area-description single-story post-98409 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-banking tag-enterpriseam-uae tag-hsbc tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.7aa2893d-8220-47dc-9c6c-330cd8c04f60.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>HSBC Holdings named Selim Kervanci (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/selimkervanci\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) as CEO f<\/strong><strong>or the Middle East<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.hsbc.com\/news-and-views\/news\/media-releases\/2024\/senior-management-changes\" style=\"\" rel=\"noopener\">press release<\/a>. Reporting to Surendra Rosha (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/surendra-rosha-8987b410\/?originalSubdomain=hk\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) and David Liao (<a target=\"_blank\" href=\"https:\/\/hk.linkedin.com\/in\/david-liao-b8718229\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), co-CEOs for Asia and the Middle East, Kervanci steps into the role with nearly three decades at HSBC, including more than 10 years on the MENAT ExCo, and having most recently served as CEO of HSBC Turkiye.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refreshe<\/strong><strong>r: <\/strong>HSBC\u2019s Middle East operations are now <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/001a4d63-bf58-4156-bc42-6e42ae71bb9e\/%253cmark%253ehsbc%253c%2Fmark%253e%25e2%2580%2599s-mideast-operations-will-report-in-to-asia-as-bank-launches-ambitious-restructuring\" style=\"\" rel=\"noopener\">paired up<\/a> with Asia Pacific after the lender kicked off its first major restructuring in more than a decade under new CEO Georges Elhedery. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Non-profit organisation <strong><a target=\"_blank\" href=\"https:\/\/fbc-gulf.org\/\" style=\"\" rel=\"noopener\">Family Business Council Gulf<\/a><\/strong> appointed <strong>Sheikha H<\/strong><strong>ind <\/strong><strong>Bahwan<\/strong> as <strong>chairperson <\/strong>of its board and <strong>Hassan Jameel<\/strong> as <strong>vice chairman<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/people-in-the-news\/fbcg-announces-new-leadership-sheikha-hind-bahwan-appointed-chairman-hassan-jameel-named-vice-chairman-jjks6apv\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hsbc\/\">HSBC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"98411\" 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=\"98411\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/tetra-pak-union-paper-mills-to-establish-uaes-first-carton-recycling-facility\/\">\r\n                            Tetra Pak, Union Paper Mills to establish UAE\u2019s first carton recycling facility                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/tetra-pak-union-paper-mills-to-establish-uaes-first-carton-recycling-facility\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/tetra-pak-union-paper-mills-to-establish-uaes-first-carton-recycling-facility\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/tetra-pak-union-paper-mills-to-establish-uaes-first-carton-recycling-facility\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Tetra Pak, Union Paper Mills to establish UAE\u2019s first carton recycling facility&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/tetra-pak-union-paper-mills-to-establish-uaes-first-carton-recycling-facility\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/tetra-pak-union-paper-mills-to-establish-uaes-first-carton-recycling-facility\/&title=Tetra Pak, Union Paper Mills to establish UAE\u2019s first carton recycling facility\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Tetra+Pak%2C+Union+Paper+Mills+to+establish+UAE%E2%80%99s+first+carton+recycling+facility+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F11%2F29%2Ftetra-pak-union-paper-mills-to-establish-uaes-first-carton-recycling-facility%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n         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data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/38.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/38.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98411\" class=\"content-area-description single-story post-98411 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-aiq tag-also-on-our-radar tag-arabian-hills tag-aviation tag-banking tag-business tag-dmcc tag-dubai-chambers tag-education tag-energy tag-enterpriseam-uae tag-finance tag-fmcg tag-magnati tag-national-bank-of-fujairah tag-salik tag-standard-chartered tag-startups tag-tech tag-trade tag-vietnam 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\/.767634dd-54d7-48bb-ab51-96c5eb266c18.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\">SUSTAINABILITY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Tetra Pak and Union Paper Mills launch UAE\u2019s first carton recycling line: <\/strong>Tetra Pak has partnered with Union Paper Mills to introduce the UAE's first recycling line for carton packages, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/tetra-pak-levels-up-uaes-recycling-infrastructure-ht85crkn\" style=\"\" rel=\"noopener\">press release<\/a>. The AED 2.5 mn facility is designed to process up to 10k tonnes of carton waste annually. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Adafsa, TII to tackle agri challenges:<\/strong> The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) signed an agreement with the Technology Innovation Institute (TII) to address key agricultural challenges, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b6f942h-adafsa-signs-strategic-partnership-with-tii\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The agreement targets boosting productivity, improving crop quality, and introducing disease-resistant, high-nutrition crop varieties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Agthia Group to exclusively supply Capital Catering with water and food <\/strong><strong>products: <\/strong>ADQ-owned Agthia Group will exclusively provide water and food products, including plant-based water bottles, to Capital Catering, a supplier for Etihad Airways and Adnec, under a new memorandum of understanding, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b6f93wb-agthia-advances-strategic-growth-sustainability\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FMCG- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi is getting a fish farming facility:<\/strong> ADQ and Finnish aquaculture technology company <a target=\"_blank\" href=\"https:\/\/finnforel.com\/\" style=\"\" rel=\"noopener\">Finnforel<\/a> will establish a land-based fish farming facility in Kezad\u2019s dedicated aquaculture zone in Abu Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/www.einpresswire.com\/article\/764245494\/adq-and-finnforel-sign-collaboration-to-develop-an-advanced-fish-farming-and-processing-facility-in-abu-dhabi\" style=\"\" rel=\"noopener\">press release<\/a>.. The facility will have an annual production capacity of 3k tons of rainbow trout. It will use recirculating aquaculture systems (RAS), the first commercial-scale implementation of RAS in the UAE, enabling efficient water reuse, zero biowaste, and year-round fish cultivation, regardless of environmental conditions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline:<\/strong> Feasibility and planning are expected to be completed by early 2025, with construction starting in 2Q 2025 and full operations commencing in 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The partnership is part of ADQ\u2019s food resilience initiatives<\/strong>, aiming to reduce reliance on seafood imports, which currently account for 70% of UAE consumption, including 10k tons of salmon annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BANKING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Dubai Chambers and Standard Chartered signed an MoU to provide int<\/strong><strong>egrated <\/strong><strong>banking services for international companies establishing operations in Dubai<\/strong>, as well as local businesses, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/november\/28-11\/dubai-chambers-signs-mou-with-standard\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. Standard Chartered will offer trade finance services to UAE businesses seeking international expansion and assist multinational companies in setting up bank accounts in Dubai. Dubai Chambers will support Standard Chartered\u2019s clients who are looking to establish a presence in Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- National Bank of Fujairah launches Collect app for instant<\/strong><strong> payment services: <\/strong>National Bank of Fujairah has launched instant payment services via its Collect application, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA\/%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%81%D8%AC%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A-%D9%8A%D8%B7%D9%84%D9%82-%D8%AA%D8%B7%D8%A8%D9%8A%D9%82-%D9%83%D9%88%D9%84%D9%8A%D9%83%D8%AA-%D9%84%D8%AE%D8%AF%D9%85%D8%A7%D8%AA-%D8%AF%D9%81%D8%B9-%D9%81%D9%88%D8%B1%D9%8A%D8%A9-%D8%A2%D9%85%D9%86%D8%A9-%D9%88%D8%B3%D9%84%D8%B3%D8%A9-lgzi20jy\" style=\"\" rel=\"noopener\">press release<\/a>. Developed in collaboration with Pine Labs, the app integrates with the Central Bank of the UAE\u2019s Ani payment platform, allowing retailers to generate QR codes to accept customer payments. Malabar Gold & Diamonds, a leading jewelry retailer, will be the first company to use the app for collecting payments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Financial services provider Reem Finance tapped Temenos to po<\/strong><strong>wer its new <\/strong><strong>digital community bank in the UAE<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.temenos.com\/news\/2024\/11\/28\/reem-finance-selects-temenos-to-power-new-digital-community-bank-in-the-uae\/?utm_medium=organic-search&utm_page_title=Reem+Finance+selects+Temenos+to+power+new+digital+community+bank+in+the+UAE+-+Temenos&utm_page_url=https%3A%2F%2Fwww.temenos.com%2Fnews%2F2024%2F11%2F28%2Freem-finance-selects-temenos-to-power-new-digital-community-bank-in-the-uae%2F&utm_source=google\" style=\"\" rel=\"noopener\">statement<\/a>. The lender will integrate Temenos\u2019 cloud-based core banking solution into its platform. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Arabian Hills Real Estate Development launched the second phase of the Ara<\/strong><strong>bian Hills Estate project, valued at AED 22 bn,<\/strong> <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/148q3uc-arabian-hills-estate-unveils-22-second-phase\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The Arabian Hills Estate is located along the Dubai-Al Ain Road and covers an area of 244 mn square feet.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- UAE-based real estate firm The Luxe Developers lau<\/strong><strong>nched a AED 2.3 bn luxury development on Al Marjan Island in Ras Al Khaimah<\/strong>, dubbed La Mazzoni, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/the-luxe-developers-launch-aed23bln-development-on-al-marjan-island-eaiwqs36\" style=\"\" rel=\"noopener\">press release<\/a>. The project is designed by Dewan Architects + Engineers and spans 1.5 mn sqft. <\/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\">MOBILITY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Salik partnered with the parking operator Parkonic<\/strong><strong> to integrate its e-wallet <\/strong><strong>payment solution across Parkonic\u2019s 107 locations <\/strong>and any of its potential future locations in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/2687.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The contract between both parties will run for five years, and Salik eWallet will be available across Parkonic\u2019s c.135k parking spaces by 1Q 2025. The five-year agreement will see Parkonic promote Salik\u2019s eWallet as the preferred payment option, with Salik receiving a percentage of the parking revenue generated through the system. This marks Salik\u2019s first expansion beyond Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Parkonic has ambitious expansion plans<\/strong>, aiming to extend its operations beyond Saudi Arabia, Egypt, Qatar, and the UAE into new regional and global markets. The company targets managing 350k parking spaces by the end of 2025, according to CEO Imad Alameddine, <a target=\"_blank\" href=\"https:\/\/www.alkhaleej.ae\/2024-11-28\/%D8%A8%D8%A7%D8%B1%D9%83%D9%88%D9%86%D9%8A%D9%83-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%A7%D9%84%D8%A5%D8%AF%D8%B1%D8%A7%D8%AC-%D9%88%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-350-%D8%A3%D9%84%D9%81-%D9%85%D9%88%D9%82%D9%81\/%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\" style=\"\" rel=\"noopener\">Al Khaleej<\/a> reports. Parkonic is also considering an IPO, with plans for a potential listing currently under review, Alameddine added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINTECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Payment solutions provider Magnati partnered with Aafaq Islamic <\/strong><strong>Finance to <\/strong><strong>launch an embedded financial solutions platform, <\/strong>aimed at supporting small and medium-sized enterprises (SMEs) in the UAE, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/magnati-partners-with-aafaq-islamic-finance-to-support-smes-with-embedded-financial-solutions-d85oll2k\" style=\"\" rel=\"noopener\">press release<\/a>. The platform uses real-time point of sale (POS) transaction data to streamline the loan application process, offering a range of services including business loans, invoice and equipment financing, POS and receivables financing, and ins. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Indian non-profit tech and trade association Nassco<\/strong><strong>m and DIFC signed an MoU to connect Indian tech firms with Dubai\u2019s fintech ecosystem<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/nasscom-signs-mou-with-difc-to-strengthen-fintech-and-innovation-collaboration-d4cje65p\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement includes plans for webinars, roundtables, and networking events to offer Nasscom members access to DIFC\u2019s Innovation Hub and Dubai AI Campus.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The Energy and Infrastructure Ministry and the Industry and Advanced<\/strong><strong> Technology Ministry launched an Industry Registry<\/strong> where manufacturers will be required to annually update their industrial data, in a bid to boost sustainability in the sector, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b6f942e-moeimoiat-launch-national-industry-sustainability\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Adnoc-Presight JV AIQ partnered with World Wide Technology to advance AI in <\/strong><strong>the global energy sector, <\/strong>according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/aiq-and-world-wide-technology-partner-to-advance-ai-transformation-in-the-energy-sector-uru46fpb\" style=\"\" rel=\"noopener\">press release<\/a>. The collaboration will streamline the transition from concept to large-scale implementation and expand AI innovation through their AI Lab as a Service program, offering access to computing infrastructure and AI talent.<\/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\">STARTUPS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Business Incubator Bedayat partnered with the Hamdan Innovatio<\/strong><strong>n Incubator to <\/strong><strong>launch the Emirati Tech Founder Program <\/strong>tailored for Emirati entrepreneurs, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b6f93ki-bedayat-business-incubator-dubai-sme%E2%80%99s-hamdan\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Over eight weeks, participants will engage in workshops, receive mentorship, and access collaborative spaces to help develop their business models.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BUSINESS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE-based law firm Habib Al Mulla and Partners expa<\/strong><strong>nded into Iraq with a new <\/strong><strong>office in Baghdad<\/strong>, in partnership with Al Nesoor Law Firm, <a target=\"_blank\" href=\"https:\/\/economymiddleeast.com\/news\/uaes-habib-al-mulla-and-partners-expands-into-iraq-bridging-legal-excellence-across-borders\/\" style=\"\" rel=\"noopener\">Economy Middle East<\/a> reports. The office will focus on facilitating foreign investment and addressing legal needs in Iraq's growing market. The partnership will offer services in corporate governance, investments, dispute resolution, compliance, and more.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aiq\/\">AIQ<\/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\/arabian-hills\/\">Arabian Hills<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/aviation\/\">Aviation<\/a>\n                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       <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"98413\" 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=\"98413\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/us-regulators-greenlight-round-the-clock-stock-exchange\/\">\r\n                            US regulators greenlight round-the-clock stock exchange                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    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          <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/us-regulators-greenlight-round-the-clock-stock-exchange\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1775.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"98414\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/us-regulators-greenlight-round-the-clock-stock-exchange\/1775-jpg-32\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1775.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1775.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1775.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1775.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98413\" class=\"content-area-description single-story post-98413 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-capital-markets tag-enterpriseam-uae tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.ca87a3eb-97d5-43d6-a0f0-08393112fb76.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The US Securities and Exchange Commission <\/strong><strong>(SEC) granted 24 Exchange, a <\/strong><strong>platform supported by Point72 Ventures, approval to operate as a national securities exchange<\/strong>, marking the first step toward 24\/7 stock trading, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/2719.pdf\" style=\"\" rel=\"noopener\">notice (pdf)<\/a> posted Wednesday. Initially running during standard hours, the exchange plans to extend trading to overnight sessions (8pm-4am, Sunday through Thursday) once infrastructure and funding requirements are met.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What this means: <\/strong>The approval requires 24 Exchange to work with other exchanges to integrate into the consolidated market price feed \u2014 the \u201ctape\u201d \u2014 ensuring prices are public and official. This step allows the startup to operate in the \u201clit\u201d market during its overnight sessions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sign of the times? <\/strong>The SEC\u2019s decision, following a previously rejected application in 2023, reflects a broader shift in the industry. The New York Stock Exchange also <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-25\/nyse-to-extend-trading-to-22-hours-a-day-on-arca-exchange\" style=\"\" rel=\"noopener\">recently filed<\/a> to extend its trading hours to 22 hours per day, signaling a growing interest in accommodating investors across global time zones.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move addresses growing demand from retail investors for after-hours trading<\/strong>, inspired by the 24\/7 accessibility of cryptocurrency markets. Retail brokers like Robinhood already process after-hours stock trades in private \u201cdark pools,\u201d where transactions lack broader market visibility. \u201cTraders are most at risk when the market is closed in their geographic location. (24 Exchange) will seek to alleviate this problem by facilitating around-the-clock US equities trading,\u201d the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/fc41c6fe-2a34-48fd-ac94-68bd08c5bdff\" style=\"\" rel=\"noopener\">Financial Times<\/a> cites 24 Exchange founder Dmitri Galinov as saying.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But not everyone is on board:<\/strong> Critics warn of potential volatility during low-volume overnight sessions, which could result in exaggerated price swings. \u201cRetail investors trading during an overnight session will be trading in a market where there are few buyers and sellers, and where prices will be more volatile and less favorable than during normal hours,\u201d Benjamin Schiffrin, consumer advocacy group Better Markets\u2019s director of securities policy, said in a statement, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-28\/first-around-the-clock-us-stock-exchange-wins-sec-approval\" 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\">\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>Asian markets are mostly down<\/strong> on the back of inflation figures out of Tokyo and industrial production figures from South Korea. The Kospi is down 1.7%, while Japan\u2019s Nikkei fell 0.6%. Over on <strong>Wall Street<\/strong>, futures point to a strong open, further boosted by reports that trade tariffs on China will not be as severe as initially thought. <\/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\">9,261<\/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: -3.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,823<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +18.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">3,906<\/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: +1.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD : AED<\/strong><strong> CBUAE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 3.67<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 3.67<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EIBOR<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.5% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.3% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,641<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: -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>EGX30 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">30,242<\/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\">+1.3% (YTD: +21.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,999<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +25.76%)<\/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\">8,281<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +7.09%)<\/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\">4,759<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +5.25%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 73.28<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.30<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.93%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,668.60<\/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\">+0.14%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 95,133.9<\/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\">-1.3% (YTD: +124.9%)<\/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 0.3% yesterday<\/strong> on turnover of AED 1.1 bn. The index is down 3.3% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Gulf Medical Projects (+8.6%), Al Khaleej Investment (+5.5%) and ESG Emirates Stallions Group (+4.3%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Aram Group (-7.8%), Fujairah Cement Industries (-6.9%) and Abu Dhabi National Hotels Co. (-3.0%). <\/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 0.4% on turnover of AED 541.6 mn. Meanwhile, Nasdaq Dubai closed down 0.1%.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/capital-markets\/\">capital markets<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"98415\" 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=\"98415\">\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\">MY MORNING ROUTINE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/29\/my-morning-routine-sky-kurtz-founder-and-ceo-of-pure-harvest-smart-farms\/\">\r\n                            My Morning Routine: Sky Kurtz, founder and CEO of Pure Harvest Smart Farms                        <\/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\/29\/my-morning-routine-sky-kurtz-founder-and-ceo-of-pure-harvest-smart-farms\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Speaking to us this week is Sky Kurtz (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/skykurtz\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), founder and CEO of Pure Harvest Smart Farms. Edited excerpts from our conversation:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I'm the cofounder and CEO of Pure Harvest Smart Farms<\/strong>, which we set up in Abu Dhabi in 2017. It is a technology-enabled agribusiness \u2014 a vertically integrated, controlled environmental agriculture platform. We design, procure, construct, and then operate farms, and then we market, sell, and distribute the produce that we farm within them across the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We started in the UAE, but we've expanded into Saudi Arabia.<\/strong> We export into markets like Kuwait and Oman, and we\u2019re expanding into new markets like Singapore and Morocco, serving the European market. We distribute our produce under our flagship brand, Pure Harvest, and we also offer products like sauces made from our fresh produce. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I\u2019m now, I guess, a serial agripreneur.<\/strong> I started my career in finance, where I worked in private equity and as an investment banker prior to that, but then I decided to become an entrepreneur and ended up leading three different companies, two of which are in the agtech space. One was a company called vence, which is like a Fitbit for cows and sheep. We scaled that business and eventually sold it to Merck Animal Health. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When I was still an investment professional, I was looking at areas where there was white space, where technology had not been adopted in the way it could be.<\/strong> [Agriculture] is a global industry \u2014 over 50% of people directly or indirectly work in food, and I thought it's a technology that could touch a lot of people's lives and do a lot of good. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When I was living in Dubai, I was building a different company \u2014 a composite materials business \u2014 and while I lived here, I experienced the problem. <\/strong>When you're living in this region that's heavily import dependent, you identify there's really two families of product. There's either air freighted \u2014 or sometimes sea freighted \u2014 fresh produce of a certain quality and variety level that's available, or there's more local or regional seasonal production, which is often perceived as being low-quality, and virtually nothing in between. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I thought, what if you could use technology to control the climate? <\/strong>Could you produce a much higher quality product analogous or better than the stuff you can import from markets like Europe \u2014 and at a much lower cost, creating a new affordable, premium local offering? That\u2019s how the idea for Pure Harvest came along. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As CEO, I'm ultimately responsible for the company's strategy and its performance<\/strong>. I am enabled by a really wonderful team of individuals. I always like to say it's a rule of thumb that you spend 10% of your time planning the other 90%. I have a lot of internal meetings that are about coordination, planning, and resource allocation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have quarterly board meetings, which everybody does, but we also do two special meetings a year.<\/strong> One is a strategy offsite where we lock everyone in a room for three days to chart a three-year vision, talking about big things in the industry, competitive forces, technological changes, government and non-government forces that are shaping the market, etc. We also do an annual planning meeting that is a rigorous focus on the year-ahead business plan \u2014 it\u2019s my job throughout the year to drive that plan forward and support its execution. Finally, I have a big role in things like capital raising, acquisitions, opening in new markets and entering new land partnerships. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I'm an early riser.<\/strong> I'm a big believer in waking up early, especially because farming starts quite early in the day, and I cannot be a bottleneck or slow the organizational speed of the company. I often wake up between 4:30 and 5:30am, and have a couple of hours of uninterrupted time that I call desk time, where I'm reviewing documents, preparing for a strategy session or a negotiation, and also returning communications internally so that when people wake up and hit the office, they already have all of my instructions, my support, and my feedback to continue their days.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mornings are quite special to me because I have a four year old girl<\/strong>, and I make sure that as long as I'm not traveling, I can see her as much as possible. I\u2019m usually up a couple hours before she\u2019s up. I wake her and get her ready for school, and that's a special time for us. I have breakfast with her and my wife, and often I'll drive her to school, so it's a chance to [spend time with her,] because sometimes I'm getting home after she's already in bed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>To wind down in the evening, my wife and I sometimes have a Netflix show that we binge<\/strong>. She's also a prolific reader and a writer, so sometimes we'll engage on something in her writing, which for me, is fun because I get to be part of something creative and interesting that's totally different from what I do, while helping and supporting her. We try to from time to time to have a social life and go out for dinner with another couple. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I also make fitness a priority<\/strong>, at least to some extent, for my health, so I go to the gym at least two times a week. I would like to go three to four times a week, but sometimes I find that challenging. I'm having to make compromises between spending more time with my daughter or going to the gym. I usually choose my daughter and my waistline reflects it [laughs]. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I would like to be better when it comes to balance<\/strong>. I believe life is like a sundial where you're supposed to have three things at any given time that you're focused on. Right now, I would say that's my business, my family, and my health, but I'm hoping over time to have a bit more time for leisure, engaging in things like further learning, more travel, more culture, etc. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The second goal I have is a little more long-term, but one day, I'd like to teach.<\/strong> I\u2019ve led three companies now, and I've been approached by some universities and graduate schools, so I would really love to be a lecturer one day, whether it was while I was continuing to practice as a CEO or doing it full time for a period of time. But for me, some of the most impactful people in my life have been professors, and they were often business practitioners who later went on to teach and pass on their learnings and their passions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I recently read <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.amazon.com\/Multipliers-Best-Leaders-Everyone-Smarter\/dp\/0061964395\" style=\"\" rel=\"noopener\">Multipliers<\/a><\/strong>, and my human capital head, Natalie, is deploying a program now inspired by and leveraging the learnings of that book. It's a book about how certain leaders multiply their capacity through their organization by getting the most out of their people. The book has some really interesting insights that's driven by good research.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another one I\u2019m enjoying is called Mission in a Bottle.<\/strong> It's about Seth Goldman, who built what was at the time called Honest Tea, the ethically-made tea brand that was sold to Coca Cola. Coca Cola struggled with the brand and shut it down and then he relaunched the exact company again, renaming it Just Ice Tea. The book is written like a comic book, and tells the story of how he achieved the successes he had with Honest Tea in 10 years again in just a year, showing that he could repeat the success of building a mission-driven brand. It's a really powerful guide on how to build an authentic brand, which is something we\u2019re striving to do at Pure Harvest. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The best piece of advice I received was from one of my professors<\/strong>, who unfortunately recently passed. His name is Herb Groesbeck. He famously said: strive to be wealthy, not rich. He said rich people have money, but wealthy people have money and time, so make sure that you make time in your life because otherwise, you'll end up with a lot of regrets.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/pure-harvest-smart-farms\/\">Pure Harvest Smart Farms<\/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=\"98417\" 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\/29\/98417-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98417\" class=\"content-area-description single-story post-98417 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>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>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>4-5 December (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/worldef.com\/events\/dubai-2024\/\" style=\"\">WORLDEF Dubai<\/a><\/span><span style=\"font-weight:400;\">, Dubai CommerCity. <\/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>8-12 December (Sunday-Thursday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wc.idadesal.org\/\" style=\"\">International Desalination and Reuse Association World Congress<\/a><\/span><span style=\"font-weight:400;\">, Adnec Centre Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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:\/\/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>9-13 December (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldrealtycongress.com\/\" style=\"\">World Realty Congress<\/a><\/span><span style=\"font-weight:400;\">, Palazzo Versace, Dubai.<\/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>10-11 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\/scalex.html\" style=\"\">SCALEX<\/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>7-9 January (Tuesday-Thursday): 17th edition of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/arabplast.info\/\" style=\"\">Arab Plast International Trade Fair for Plastics, Recycling, Petrochemicals, Packaging and Rubber Industry<\/a><\/span><span style=\"font-weight:400;\">, Dubai International Convention and Exhibition Center, Dubai. <\/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>11-13 January (Saturday-Monday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.1billionsummit.com\/\" style=\"\">1 Bn Followers Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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>22-25 January (Monday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/acresme.com\/\" style=\"\">The Sharjah Real Estate Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Expo Centre, Sharjah. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27-30 January (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.arabhealthonline.com\/en\/Home.html\" style=\"\">Arab Health Exhibition 2025<\/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>1-6 February (Saturday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dubaifashionweek.org\/\" style=\"\">Dubai Fashion Week<\/a><\/span><span>, Dubai Design District. <\/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>1-28 February (Saturday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/topic\/sheikh-mansour-bin-zayed-award-for-agricultural\/\" style=\"\">3rd Sheikh Mansour bin Zayed Agriculture Excellence Award<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: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>28-29 February (Friday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/investopia.ae\/events\/investopia-2024\/\" style=\"\">The Investopia 2024<\/a><\/span><span>, <\/span><span>the St. Regis, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 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;\">NOVEMBER 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;\">18-19 November (Tuesday-Wednesday): Dubai Future Forum, Museum of the Future, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2025:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">The Middle East Electric Vehicle Show, Expo Center Sharjah. <\/span><\/li>\n<li><span style=\"font-weight:400;\">e& will complete Adnoc\u2019s private 5G network. <\/span><\/li>\n<li><span style=\"font-weight:400;\">Executive Committee Meeting (EXCOM 2025) conference of the World Smart Sustainable Cities Organisation (WeGO)<\/span><\/li>\n<li><span style=\"font-weight:400;\">The International Civil Aviation Organization\u2019s Global Implementation Support Symposium, Abu Dhabi. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in the fall of 2025:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">2025 Games of the Future, Dubai.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in 2026:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">The UAE to host the Arab Competition Forum<\/span><\/li>\n<li><span style=\"font-weight:400;\">Dubai to host the Arab Actuarial Conference<\/span><\/li>\n<li><span style=\"font-weight:400;\">United Nations Water Conference 2026, UAE<\/span><\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Masdar finalizes acquisition of Terna | Consumer spending up in 3Q<\/p>\n","protected":false},"featured_media":98394,"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-98393","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"4a36873d-9659-404e-ada9-27a014ad4ad1","teaser":"Masdar finalizes acquisition of Terna | Consumer spending up in 3Q","photo_url":"https:\/\/ent.news\/2024\/4\/851.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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