{"id":98965,"date":"2024-12-19T00:00:00","date_gmt":"2024-12-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=98965"},"modified":"2025-12-15T02:21:56","modified_gmt":"2025-12-15T02:21:56","slug":"cbuae-cut-interest-rates-by-25-bps-in-line-with-the-fed","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/cbuae-cut-interest-rates-by-25-bps-in-line-with-the-fed\/","title":{"rendered":"CBUAE cut interest rates by 25 bps in line with the Fed"},"content":{"rendered":"<section id=\"98967\" 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=\"98967\">\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\/12\/19\/this-morning-cbuae-cuts-rates-by-25-bps-in-line-with-the-fed-adia-hits-usd-1-tn-aum-milestone\/\">\r\n                            THIS MORNING: CBUAE cuts rates by 25 bps in line with the Fed + Adia hits USD 1 tn AUM milestone                        <\/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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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1532.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1532.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1532.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1532.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98967\" class=\"content-area-description single-story post-98967 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-abu-dhabi-investment-authority tag-central-bank-of-the-uae tag-enterpriseam-uae tag-interest-rates tag-ipo tag-private-credit 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\/12\/.70df67a9-ec0d-4fe7-bd54-7a87b4840b6b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people. <\/strong>It\u2019s nearly the end of the penultimate (full) week before the end of the year, and we\u2019re all counting down the days. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY here at home<\/strong> is increased activity from Emirati lenders abroad, with FAB joining in on a syndicated loan for an Indian non-banking financial services player, and Emirates NBD and Abu Dhabi Islamic Bank offering financing for a student accommodation facility in London. <strong>Plus:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>The Central Bank of the UAE cut interest rates by 25 bps in line with the <\/strong><strong>Fed\u2019s move to cut rates in its meeting yesterday<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/1811.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The base rate applicable to the overnight deposit facility is now at 4.4%, while the interest rate applicable to borrowing short-term liquidity from the CBUAE has been kept at 50 bps above the base rate for all standing credit facilities. We have more on the Fed\u2019s decision in Planet Finance, below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>PLUS- The Abu Dhabi Investme<\/strong><strong>nt Au<\/strong><strong>thority (Adia)\u2019s assets under <\/strong><strong>management <\/strong><strong>have<\/strong><strong> reached USD 1.06 tn<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.forbesmiddleeast.com\/money\/banking-finance\/with-the-joining-of-adia-meet-4-members-of-%241t-aum-swfs-club\" style=\"\" rel=\"noopener\">Forbes Middle East<\/a> reports. This makes Adia the only regional fund in the \u201cexclusive\u201d USD 1 tn club for sovereign wealth funds \u2014 joining Norway\u2019s Government Pension Fund Global, China Investment Corporation (CIC), and China\u2019s SAFE Investment Center, Forbes said, citing data from the Sovereign Wealth Fund Institute (SWFI). <\/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>ALSO- We have an interesting read for you on the pro<\/strong><strong>spects of more US and UAE cooperation on the space sector<\/strong>, after the US Chamber of Commerce brought its first ever space delegation to Abu Dhabi last week.<\/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>WEATHER- Expect more clouds today<\/strong> <strong>in Dubai<\/strong>, with temperatures peaking at 25\u00b0C before cooling to an overnight low of 18\u00b0C. <strong>Over in Abu Dhabi<\/strong>, the mercury peaks at 22\u00b0C before cooling to 20\u00b0C overnight. <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#1- The UAE could see more multinational businesses flock to freezones in the <\/strong><strong>country<\/strong> to hedge against the new 15% <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3358ba8b-8239-4c54-a03d-d09fd167d519\" style=\"\" rel=\"noopener\">domestic minimum top-up tax (DMTT)<\/a> that will be implemented at the start of next year, according to a survey by <a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/industries\/banking-finance\/uae-corporate-tax-hike-to-fuel-influx-of-multinational-companies-flocking-to-freezones\" style=\"\" rel=\"noopener\">Arabian Business<\/a>. This includes both companies already operating in the UAE and those planning to move in.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember-<\/strong> Large multinational enterprises will be required to pay a minimum 15% tax on net income earned in the UAE under the Finance Ministry\u2019s recent domestic minimum top-up tax (DMTT), an increase from the current 9% corporate tax rate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cCompanies are more likely to shift their operations to [freezones] to [minimize] tax exposure, while continuing to benefit from the UAE\u2019s strategic location, strong infrastructure, pro-business policies and [favorable] regulations,\u201d Bal Krishen, chairman of financial services firm Century Group, told the news outlet. Krishen also expected to see the implementation of revenue tapering measures to keep companies below the DMTT eligibility threshold.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong> #2-The UAE is expected to lead in IPOs across the<\/strong><strong> broader Europe and Mena region for <\/strong><strong>the third year running with USD 6.2 bn in IPO proceeds in 2024<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-18\/mideast-ipo-momentum-faces-valuation-test-after-13-billion-year\" style=\"\" rel=\"noopener\">Bloomberg<\/a> \u2019s calculations. Meanwhile, firms in the Middle East have raised a total of USD 13 bn in IPOs this year, marking the region\u2019s second-best year since the pandemic. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investment strategies are changing in 2025:<\/strong> Investors are becoming more sensitive in terms of valuation, as they move their focus to growth companies instead of simply buying yield opportunities, one expert said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More in the pipeline:<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c51b4ea9-069c-433b-a44a-d91139d4417f\" style=\"\" rel=\"noopener\">Etihad Airways<\/a> is set to make its debut sometime next year on ADX; 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\">Alpha Data<\/a> is set to debut in a potentially USD 200 mn IPO on the Abu Dhabi exchange soon. On the DFM front, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/918d9977-77ec-41f2-a515-70b01ddc9703\/dubizzle-taps-new-banks-for-2025%253cmark%253e-ipo%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Dubizzle<\/a> tapped several banks for a 2025 IPO, and hospitality group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e41498de-e70b-4fe3-81cc-992793f20f9c\/%253cmark%253efive-holdings%253c%2Fmark%253e-taps-banks-for-2025-ipo\" style=\"\" rel=\"noopener\">Five Holdings<\/a> tapped advisors for a potential IPO also next year. Meanwhile, Amanat Holdings is looking to list its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e11209cb-2436-465a-8a18-8f9e15410aac\/%253cmark%253eamanat%253c%2Fmark%253e-holdings-to-discuss-potential-ipo-of-education-unit-today\" style=\"\" rel=\"noopener\">education<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a7487593-d87d-409f-8b7b-96601eda5c08\/expect-at-least-five-more-ipos-in-the-uae-this-year\" style=\"\" rel=\"noopener\">healthcare<\/a> units, with Construction firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e2feb924-f76a-4703-af1e-485f9061c6b2\/icd-backed-alec-taps-banks-ahead-of-planned-ipo\" style=\"\" rel=\"noopener\">Alec<\/a>, and Shisha producer <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/mideasts-biggest-tobacco-firm-air-invites-banks-pitch-roles-ipo-sources-2023-07-04\/\" style=\"\" rel=\"noopener\">Advanced Inhalation Rituals<\/a> having similar plans.<\/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- Private credit firms are expected to see rising demand as m<\/strong><strong>ore medium-sized <\/strong><strong>businesses grow their presence in the UAE and Saudi Arabia<\/strong>, among other Gulf nations, Golub Capital\u2019s CEO Lawrence Golub told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-17\/private-credit-has-new-opportunities-in-the-gulf-golub-says\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. In comparison to government-backed companies and large family enterprises that typically do not require direct lending capital, medium-sized businesses in the region offer \u201chundreds of mns not bns of USD\u201d of lending opportunities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Golub Capital, managing USD 70 bn in assets as of 1 October, received preliminary approval <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8077f0bc-a75b-469c-a2aa-69c62445652d\/habibi,-come-to-adgm\" style=\"\" rel=\"noopener\">earlier this month<\/a> to set up an office in the Abu Dhabi Global Market.<\/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>#4- Registration is now open for AIM Congress\u2019 <\/strong><strong><a target=\"_blank\" href=\"https:\/\/startup.aimcongress.com\/startup\/pitch\" style=\"\" rel=\"noopener\">2025 regional startup com<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/startup.aimcongress.com\/startup\/pitch\" style=\"\" rel=\"noopener\">petition<\/a><\/strong>, offering a prize pool of USD 200k in investments to finalists, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/149wz51-aim-congress-2025-opens-registration-for-regional\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Startups have until 15 February, 2025 to submit their applications through the <a target=\"_blank\" href=\"https:\/\/aimcongress.com\/startup\/packages\" style=\"\" rel=\"noopener\">official website<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More about the competition: <\/strong>The competition targets startups in the seed and series A funding stages, inviting entrepreneurs from eight major regions, namely Latin America, Africa, Europe, the Middle East, the US, China, Southeast Asia, and India. Selected startups from the regional rounds will advance to the finals, where they will pitch their ideas and innovations to a panel of investors, industry leaders, and global decision-makers.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Adia-backed Ardonagh gets a new investor:<\/strong> Abu Dhabi Investment Authority-backed UK ins. broker Ardonagh Group secured an investment from private equity firm Stone Point Capital to reach a USD 14 bn valuation, unnamed sources told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-17\/ardonagh-said-to-have-14-billion-value-with-stone-point-stake\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. This investment will make Stone Point a minority shareholder in Ardonagh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- Abu Dhabi-based agribusiness Al Dahra is negotiating with Kenya to lease 200k <\/strong><strong>acres of farmland in the Galana Kulalu Irrigation development<\/strong>, Kenya\u2019s principal secretary for irrigation Ephantus Kimotho told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-18\/kenya-is-in-talks-to-lease-farmland-to-the-uae-s-al-dahra\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The investment will amount to approximately USD 800 mn, with the two parties close to finalizing an agreement, which might be signed early next year.<\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- UAE citizens are now eligible for a 10-day visa-free entry<\/strong><strong> to China<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/english.www.gov.cn\/news\/202412\/17\/content_WS6760ead6c6d0868f4e8ee0c1.html\" style=\"\" rel=\"noopener\">statement<\/a> from China\u2019s State Administration of Immigration. The duration of the stay for foreign nationals from 54 countries eligible for visa-free transit \u2014 including the UAE \u2014 has been extended from the previous 72 hours and 144 hours (3 or 6 days) to 240 hours (10 days).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dubai\u2019s Roads and Transport Authority (RTA) launched a bus pooling initiative<\/strong>, allowing passengers to share minibus rides through several applications, according to an RTA <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/rolling-out+app-based-bus-pooling-initiative\" style=\"\" rel=\"noopener\">statement<\/a>. The service will initially be available in Deira, linking it to Business Bay, Dubai Mall, Mirdif, and Dubai Festival City, before being rolled out across the emirate, CEO of RTA\u2019s Public Transport Agency Ahmed Bahrozyan said. The bookings will be carried out through three smart applications, including <a target=\"_blank\" href=\"https:\/\/citylinkshuttle.ae\/\" style=\"\" rel=\"noopener\">Citylink Shuttle<\/a>, <a target=\"_blank\" href=\"https:\/\/www.drivenbus.io\/\" style=\"\" rel=\"noopener\">DrivenBus<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.fluxxdaily.ae\/\" style=\"\" rel=\"noopener\">Fluxx Daily<\/a>, each operating 20 minibuses. <\/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>One single story is on every front page this morning: <\/strong>The Federal Reserve has slashed rates for the third time this year but will be more cautious moving forward, Fed Chair Jerome Powell said in remarks that sent US stocks falling. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/12\/18\/fed-rate-decision-december-2024-.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-18\/fed-lowers-rates-by-quarter-point-signals-two-cuts-for-2025?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/500f561c-09f1-4e7e-a63c-b2a082ef8b55\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/stocks-markets-rates-nissan-2b868351d485db56e9c80f520c97b595\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/us-federal-reserve-interest-rate-decision-live-2024-12-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have the full story in this morning\u2019s Planet Finance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN TECH NEWS- <\/strong>The US Supreme Court <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/us-supreme-court-consider-tiktok-bid-halt-ban-2024-12-18\/\" style=\"\" rel=\"noopener\">will next month hear<\/a> TikTok\u2019s challenge to a law that could potentially ban the application in the US. Meanwhile, the <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-18\/eu-escalates-pressure-on-apple-to-open-up-its-features-to-rivals?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">EU is pushing Apple<\/a> to make its operating system more compatible with rivals. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p 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\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-authority\/\">Abu Dhabi Investment Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/central-bank-of-the-uae\/\">Central Bank of the UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/private-credit\/\">private credit<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"98969\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n    <div class=\"issue-sponsor-slides-div\">\r\n        \r\n            <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide\">\r\n                <img data-recalc-dims=\"1\" 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href=\"https:\/\/hap.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/20617.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>From OUR FAMILY to YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"98970\" 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=\"98970\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/emirati-lenders-fab-adib-and-emirates-nbd-boost-activity-abroad\/\">\r\n                            Emirati lenders FAB, ADIB, and Emirates NBD boost activity abroad                        <\/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\/12\/19\/emirati-lenders-fab-adib-and-emirates-nbd-boost-activity-abroad\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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  <a href=\"https:\/\/api.whatsapp.com\/send?text=Emirati+lenders+FAB%2C+ADIB%2C+and+Emirates+NBD+boost+activity+abroad+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F12%2F19%2Femirati-lenders-fab-adib-and-emirates-nbd-boost-activity-abroad%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\/12\/19\/emirati-lenders-fab-adib-and-emirates-nbd-boost-activity-abroad\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/179.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"98971\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/emirati-lenders-fab-adib-and-emirates-nbd-boost-activity-abroad\/179-jpg-21\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/179.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"179.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/179.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/179.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98970\" class=\"content-area-description single-story post-98970 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt tag-debt-watch tag-enterpriseam-uae tag-first-abu-dhabi-bank tag-india 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\/12\/.6d3dde25-c652-48b4-b0ff-51612a333258.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Emirati lenders are increasing lending activity abroad<\/strong>, with First Abu Dhabi Bank participating in a syndicated loan facility in India, and Emirates NBD and Abu Dhabi Islamic Bank joining in on a senior financing transaction in London. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- First Abu Dhabi Bank is among the lenders participating in a USD<\/strong><strong> 1.3 bn syndicated social loan to Indian non-banking financial services provider Shiram Finance<\/strong>, marking the largest offshore borrowing by an Indian shadow lender, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/1827.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The financing includes a USD 1.2 bn tranche, a AED 275 mn tranche, and a EUR 50 mn tranche, with tenors of up to five years, it said in the statement. The transaction also includes a USD 250 mn portion from the International Finance Corporation, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-18\/indian-shadow-bank-shriram-seeks-record-offshore-loan-for-sector?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people familiar with the matter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> DBS Bank, First Abu Dhabi Bank, HSBC, the IFC, MUFG, Standard Chartered, and Sumitomo Mitsui Banking Corporation (SMBC) acted as global coordinators, mandated lead arrangers, underwriters, and bookrunners. Emirates NBD also acted as mandated lead arranger, underwriter, and bookrunner, while BNP Paribas, CTBC Bank, and<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Deutsche Bank contributed as mandated lead arrangers and bookrunners. Kotak Mahindra Bank acted as mandated lead arranger. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is not Shiram\u2019s first time tapping offshore debt this year: <\/strong>The lender already sold a USD 468.4 mn loan and two USD bonds totaling USD 1.3 bn this year, as more shadow lenders from the country tap offshore debt markets after after India\u2019s central bank tightened rules for NBFS providers to secure local currency bank loans last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Emirates NBD and Abu Dhabi Islamic Bank closed a USD 177.6 mn senior financing <\/strong><strong>transaction for a purpose-built student accommodation in London<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/emirates-nbd-and-abu-dhabi-islamic-bank-close-140mln-club-deal-for-prime-london-student-accommodation-rsqq0nn1\" style=\"\" rel=\"noopener\">press release<\/a>. The transaction was executed as a 50\/50 club arrangement between the two lenders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project:<\/strong> The financed property, Paddington Citi View, comprises 353 bedrooms and is situated near London\u2019s Paddington Station. Formerly known as Lillian Pension Hall, the asset was acquired by Union Property in 2022 from the University of London. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong>Addelshaw Goddard served as an advisor for Emirates NBD, while ADIB was advised by Foot Anstey, and Union Property by Muckle.<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/india\/\">India<\/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=\"98972\" 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=\"98972\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/new-media-permits-office-gaming-included-under-dubai-media-councils-purview-under-new-law\/\">\r\n                            New media permits office + gaming included under Dubai Media Council\u2019s purview under new law                        <\/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\/12\/19\/new-media-permits-office-gaming-included-under-dubai-media-councils-purview-under-new-law\/\" 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\/12\/19\/new-media-permits-office-gaming-included-under-dubai-media-councils-purview-under-new-law\/')\">\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\/12\/19\/new-media-permits-office-gaming-included-under-dubai-media-councils-purview-under-new-law\/\">\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=New media permits office + gaming included under Dubai Media Council\u2019s purview under new law&url=https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/new-media-permits-office-gaming-included-under-dubai-media-councils-purview-under-new-law\/\">\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\/12\/19\/new-media-permits-office-gaming-included-under-dubai-media-councils-purview-under-new-law\/&title=New media permits office + gaming included under Dubai Media Council\u2019s purview under new law\">\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=New+media+permits+office+%2B+gaming+included+under+Dubai+Media+Council%E2%80%99s+purview+under+new+law+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F12%2F19%2Fnew-media-permits-office-gaming-included-under-dubai-media-councils-purview-under-new-law%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\/12\/19\/new-media-permits-office-gaming-included-under-dubai-media-councils-purview-under-new-law\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2514.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"98973\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/new-media-permits-office-gaming-included-under-dubai-media-councils-purview-under-new-law\/2514-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2514.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2514.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2514.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2514.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98972\" class=\"content-area-description single-story post-98972 post type-post status-publish format-standard has-post-thumbnail hentry category-legislation-watch tag-dubai-media-council tag-enterpriseam-uae tag-legislation tag-legislation-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.f9dbea67-cc2d-4218-a668-b237dbdfc769.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A bigger mandate for the Dubai Media Council: <\/strong>Sheikh Mohammed bin Rashid Al Maktoum enacted new legislation for the governance and operational framework of the media sector in Dubai, expanding the regulatory role of the emirate\u2019s media council, according to the <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/december\/18-12\/dmc\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The law will take effect upon its publication in the national gazette.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The new law designates the Dubai Media Council as the regulatory authority for media activities across Dubai, including special development zones and freezones such as the Dubai International Financial Center. That includes transferring certain authorities from the Dubai Development Authority to the council\u2019s purview. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What else is under the council\u2019s new mandate? <\/strong>The updated role of the Council includes the promotion of research and innovation, fostering local talent, attracting investments, and advancing the film and gaming industries through the newly established Dubai Films and Games Commission, which replaces the Dubai Film and TV Commission. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The UAE has been working on regulating the gaming sector:<\/strong> The General Commercial Gaming Regulatory Authority <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/af6875d3-a0a7-4882-be75-ecd8eb6ade60\/this-morning:-first%253cmark%253e-gaming%253c%2Fmark%253e-license-handed-to-wynn-resorts-for-marjan-resort-%2B-some-teachers-to-get-golden-visas%3F\" style=\"\" rel=\"noopener\">awarded<\/a> the country\u2019s first commercial gaming operator's license to casino operator Wynn Resorts in October, after the UAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/71e8adcd-e41f-4aa6-b89f-c7f7e72149c3\" style=\"\" rel=\"noopener\">issued a regulatory framework<\/a> for the gaming sector in July. The authority also awarded the UAE\u2019s first lottery license to commercial gaming and lottery operator The Game <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/71e8adcd-e41f-4aa6-b89f-c7f7e72149c3\/uae-athletes-kick-off-olympics-2024-campaign-%2B-first-ever-lottery-license-awarded\" style=\"\" rel=\"noopener\">in July<\/a>, with the lottery kicking off for the first time this month. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- A Dubai Media Permits Office will also be established to issue permits for media activities<\/strong> in the emirate. This office will coordinate with the Dubai Development Authority on media activities within its jurisdiction. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-media-council\/\">Dubai Media Council<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/legislation-watch\/\">LEGISLATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"98974\" 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=\"98974\">\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\">DISPUTE WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/dubai-aerospace-enterprise-receives-usd-201-mn-in-settlements-from-ins-companies\/\">\r\n                            Dubai Aerospace Enterprise receives USD 201 mn in settlements from ins. companies                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div 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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\/12\/19\/dubai-aerospace-enterprise-receives-usd-201-mn-in-settlements-from-ins-companies\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1822.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"98975\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/dubai-aerospace-enterprise-receives-usd-201-mn-in-settlements-from-ins-companies\/1822-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1822.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1822.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1822.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1822.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98974\" class=\"content-area-description single-story post-98974 post type-post status-publish format-standard has-post-thumbnail hentry category-dispute-watch tag-dispute-watch tag-dubai tag-dubai-aerospace-enterprise tag-enterpriseam-uae tag-insurance tag-leasing 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\/12\/.5ed92174-a03d-4f67-b13c-e9e0aa1c247e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Aircraft lessor Dubai Aerospace Enterprise (DAE) receiv<\/strong><strong>ed some USD 201 mn in settlements over the last three months from ins. companies <\/strong>over some of its aircraft that were retained in Russia following its invasion of Ukraine, according to a <a target=\"_blank\" href=\"https:\/\/dubaiaerospace.com\/2024\/12\/18\/dae-receives-cash-proceeds-from-settlement-of-certain-claims\/\" 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>What\u2019s the beef? <\/strong>DAE and its affiliates had previously issued claims against a number of ins. and reins. companies, including French ins. provider Axa, against which it had issued USD 737.8 mn in claims for aircraft and equipment on lease in Russia. It reportedly reached a full settlement with Axa over some of its claimed jets in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1ece1565-0c5b-4100-b2f2-1d2bcdfaf4b2\/this-morning:%253cmark%253e-dae%253c%2Fmark%253e-settles-with-axa-over-jets-in-russia%3F-%2B-dragon-oil,-enoc-eye-expansions\" style=\"\" rel=\"noopener\">October<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This brings the total value of DAE\u2019s reclaimed settlements to USD 319 mn <\/strong>\u2014 including previous settlements agreed in 2023 for seven aircraft. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The Dubai-based lessor said it will continue to actively pursue its legal proceedings in British courts, where many trials have taken place between ins. providers and aircraft lessors over aircraft left in Russia, including a mega trial back in October. <\/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\/dispute-watch\/\">dispute watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-aerospace-enterprise\/\">Dubai Aerospace Enterprise<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/insurance\/\">insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/leasing\/\">leasing<\/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=\"98976 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=\"98976\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/98976-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98976\" class=\"content-area-description single-story post-98976 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=\"98977\" 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=\"98977\">\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\">MANUFACTURING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/edge-group-and-indra-sistemas-formalize-uae-based-radar-systems-manufacturing-jv\/\">\r\n                            Edge Group and Indra Sistemas formalize UAE-based radar systems manufacturing JV                        <\/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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and Indra Sistemas formalize UAE-based radar systems manufacturing JV\">\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=Edge+Group+and+Indra+Sistemas+formalize+UAE-based+radar+systems+manufacturing+JV+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2024%2F12%2F19%2Fedge-group-and-indra-sistemas-formalize-uae-based-radar-systems-manufacturing-jv%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\/12\/19\/edge-group-and-indra-sistemas-formalize-uae-based-radar-systems-manufacturing-jv\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1820.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"98978\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/edge-group-and-indra-sistemas-formalize-uae-based-radar-systems-manufacturing-jv\/1820-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1820.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1820.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1820.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1820.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98977\" class=\"content-area-description single-story post-98977 post type-post status-publish format-standard has-post-thumbnail hentry category-manufacturing tag-defense tag-edge-group tag-enterpriseam-uae tag-manufacturing 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\/12\/.3093a5ee-0d7f-400c-adf6-d7eebe667308.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Edge Group and Indra Sistemas set up radar manufacturing JV:<\/strong> IHC-backed defense company Edge Group and Spain's Indra Sistemas formalized their Abu Dhabi-based joint venture (JV) partnership, Pulse, to develop and manufacture advanced radar systems, according to a <a target=\"_blank\" href=\"https:\/\/www.indracompany.com\/en\/noticia\/indra-edge-group-formalise-joint-venture-pulse-design-manufacture-radars-abu-dhabi\" 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>We already knew this was in the works: <\/strong>The two companies agreed to form the JV <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fecf4771-62f9-4c89-b677-7328bf2443fe\/e-bikes-from-terra-%2B-aramex.-plus:-new-data-centers-%2B-luxury-yacht-manufacturing\" style=\"\" rel=\"noopener\">e<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fecf4771-62f9-4c89-b677-7328bf2443fe\/e-bikes-from-terra-%2B-aramex.-plus:-new-data-centers-%2B-luxury-yacht-manufacturing\" style=\"\" rel=\"noopener\">arlier this year,<\/a> with a target to generate orders for around 300 units from clients beyond NATO and the EU. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What will the JV do? <\/strong>Pulse will focus on the engineering, development, manufacturing, integration, and maintenance of current and future radar systems and their components.The JV will also establish advanced research infrastructure and testing facilities in the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The JV will consist of two entities<\/strong>: one focused on the design, integration, sales, and maintenance of radar systems, with Indra holding a 50.01% stake and Edge holding a 49.99% stake, while the other will be responsible for manufacturing these systems in a new facility in Abu Dhabi, with Edge owning 50.01% of the entity and Indra owning 49.99%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> Pulse will also have preferential rights over current and future radar orders awarded to either company, with plans to market their products in other \u201chigh-potential markets.<\/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\/defense\/\">defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/edge-group\/\">Edge Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/manufacturing\/\">MANUFACTURING<\/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=\"98979\" 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=\"98979\">\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\">SPOTLIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/the-uae-and-the-us-have-grown-their-ties-in-ai-defense-and-green-energy-now-its-space\/\">\r\n                            The UAE and the US have grown their ties in AI, defense, and green energy \u2014 now, it\u2019s space                        <\/a>\r\n                    <\/h3>\r\n\r\n        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space&url=https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/the-uae-and-the-us-have-grown-their-ties-in-ai-defense-and-green-energy-now-its-space\/\">\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\/12\/19\/the-uae-and-the-us-have-grown-their-ties-in-ai-defense-and-green-energy-now-its-space\/&title=The UAE and the US have grown their ties in AI, defense, and green energy \u2014 now, it\u2019s space\">\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 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1816.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"98980\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/the-uae-and-the-us-have-grown-their-ties-in-ai-defense-and-green-energy-now-its-space\/1816-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1816.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1816.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1816.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1816.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98979\" class=\"content-area-description single-story post-98979 post type-post status-publish format-standard has-post-thumbnail hentry category-spotlight tag-enterpriseam-uae tag-space tag-spotlight 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\/12\/.ce8395eb-11bd-4921-bab3-3a80d405dde7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> It\u2019s been a little over a year since the first Emirati \u201cSultan of Space\u201d \u2014 Sultan Al Neyadi <\/strong><strong>\u2014 <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/hszrgyfl-sultan-alneyadi-makes-history-the-first-arab\" style=\"\" rel=\"noopener\">completed<\/a><\/strong><strong> the first spacewalk by an Arab astronaut. <\/strong>That was one of many milestones the UAE has achieved in the space sector since it set its eyes on becoming a regional leader in that space, including sending Hazza Al Mansouri, the first Emirati astronaut, to space in 2019.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE sent an unmanned probe to Mars in 2021<\/strong>, marking the first Arab mission to the planet, doubled down on satellite manufacturing, and has joined the US, Japan, Canada, and the European Union (EU) in implementing the Lunar Gateway project \u2014 which will see the world\u2019s first space station orbiting the Moon, and will involve sending the first Emirati astronaut sent to the lunar orbit. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Its ambitions don\u2019t end there: <\/strong>The UAE also aims to establish the first habitable human settlement on Mars by 2117. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s no denying how nascent the sector remains in the UAE \u2014 which is why it\u2019s leaning on other leaders in the sector for bilateral synergies \u2014 namely, the US. <\/strong>The US and the UAE have been growing their ties in a myriad of sectors over the past few years, with a strategic partnership in the field of AI, exemplified in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ab8a12c3-4caf-4243-940c-f007b4d33c7a\/%253cmark%253emicrosoft%253c%2Fmark%253e-writes-usd-1.5-bn-ticket-for-g42\" style=\"\" rel=\"noopener\">Microsoft's USD 1.5 bn investment<\/a> in state AI firm G42, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ab224c54-36be-4410-91a0-a4a56e60a948\/us,-uae-agree-on-ai-framework,-pledge-defense,-space-cooperation\" style=\"\" rel=\"noopener\">defense<\/a>, and others. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Space is no different, which is why the US Chamber of Commerce last week brought its first ever space delegation to Abu Dhabi. <\/strong>The delegation, comprising more than 20 companies and over 40 business leaders, engaged with key Emirati officials and private sector players, including Economy Minister Abdullah Bin Touq Al Marri and leadership from the UAE Space Agency, state-owned spacetech firm Space42, Edge Group cybertech subsidiary Fada, and others during their visit to discuss potential ways forward in the sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The key takeaway from the delegation? <\/strong>While space is still in many ways a \u201cgreen tech field,\u201d Steve Lutes, US Chamber of Commerce vice president for Middle East affairs, told EnterpriseAM UAE, the sector is now beginning to open up in terms of commercialization opportunities and partnerships with private sector players across sectors. \u201cIt's not just a niche industry anymore,\u201d Lutes said. \u201cThere's an overlay with artificial intelligence, with life sciences, with the green economy and sustainability,\u201d he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is a big shift for a sector that has historically been classified as a high-level security sector<\/strong>, with partnerships limited to government-to-government cooperation, Lutes explained. It\u2019s been a rigid sector in terms of the ability to share information and data, and lacked the commercial component to make it a viable sector for private sector partnership. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As the US and the UAE\u2019s ties in technology grow, securing permissions from the US government to bring those technologies and data to the UAE is becoming easier. <\/strong>\u201cThere are US companies that are looking to finalize some approvals and hopefully be able to establish a manufacturing footprint here, so that\u2019ll be a big piece of it,\u201d Lutes said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s also a lot of interest in life sciences, as well as the intersection between AI and space, and climate mitigation and space<\/strong>, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cooperation between US and UAE space firms is already happening: <\/strong>Abu Dhabi-based space and deeptech investor and International Holding Company-backed Marlan and US-based startup Loft Orbital <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f7540776-e401-4fc3-9ac4-29422071b029\/ihc-backed%253cmark%253e-marlan%253c%2Fmark%253e-sets-up-middle-east%25e2%2580%2599s-first-mass-satellite-manufacturer-with-loft-orbital\" style=\"\" rel=\"noopener\">set up a joint venture<\/a> to mass manufacture satellites for the first time in the Middle East earlier this year. Satellite imagery and analytics firm Planet Labs also <a target=\"_blank\" href=\"https:\/\/space.gov.ae\/en\/media-center\/news\/26\/5\/2023\/the-uae-space-agency-partners-with-planet-labs-to-build-satellite-data-driven-loss-and-damage-atlas\" style=\"\" rel=\"noopener\">partnered up<\/a> with the UAE\u2019s Space Agency to develop a satellite data-based atlas to help developing countries tackle damage related to climate change. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And US firms in the sector are setting up their HQs here: <\/strong>US startup <a target=\"_blank\" href=\"https:\/\/solarspace.io\/\" style=\"\" rel=\"noopener\">SolarSpace<\/a> \u2014 which specializes in off-grid concentrated solar power \u2014 set up its regional headquarters in Abu Dhabi after joining the NextGen FDI Program, which helps startups set up shop in the UAE by streamlining registration and licensing procedures, visa issuances, and providing lease incentives. <strong>Fun fact: The startup had initially visited the UAE as part of a greentech delegation brought by Lutes and his team at the chamber. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A big pull for US companies to start here? Talent and leadership. <\/strong>\u201cOne of the most important investments that the UAE has made is in its people,\u201d Lutes said. \u201cThat makes it a lot easier to have those R&amp;D partnerships or to bring manufacturing operations here,\u201d he added. SolarSpace Founder and CEO David Vili agrees: \u201cMy company has been able to achieve progress in less than one year that could take us maybe five years [to achieve] in the US,\u201d he said, crediting that progress to the openness and progressiveness of the leadership in the UAE. <\/p>\n<p class=\"tag-border-left\"> LOOKING AHEAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As US president-elect Donald Trump takes office, what\u2019s the outlook on the growth of US-UAE business ties?<\/strong> Lutes is hopeful that the \u201ccommercial relationship would only continue to grow,\u201d especially considering Trump is a businessman, he said.<\/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\/space\/\">space<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/spotlight\/\">SPOTLIGHT<\/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=\"98981\" 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=\"98981\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/emirates-nbd-dually-lists-usd-500-mn-bond-on-nasdaq-and-euronext-dublin\/\">\r\n                            Emirates NBD dually lists USD 500 mn bond on Nasdaq and Euronext Dublin                        <\/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\/12\/19\/emirates-nbd-dually-lists-usd-500-mn-bond-on-nasdaq-and-euronext-dublin\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The offering is deemed the world\u2019s first SLLB issued under the new International Capital Market Association (ICMA) \u2014 headquartered in Zurich, London, Paris Hong Kong \u2014 and the Loan Market Association (LMA) framework. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember- <\/strong>The Emirati bank first launched the USD 500 mn five-year SLLB at initial price thoughts of 125 bps over US Treasuries back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f6c531b5-bec4-4c42-9197-5e87bb1b964d\/emirates-nbd-raises-usd-500-mn-from-sustainability-linked-bonds\" style=\"\" rel=\"noopener\">November<\/a>. The issuance was marked as the bank's first sustainability-linked issuance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This latest debt issuance increases Emirate NBD\u2019s total value of bonds currently listed on Nasdaq Dubai to USD 5.8 bn,<\/strong> spanning nine different listings.<\/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\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Abu Dhabi Investment Office inks MoU with US\u2019 Export-Import Bank: <\/strong>State-owned Abu Dhabi Investment Office (ADIO) inked an MoU with the Export\u2013Import Bank of the United States (EXIM) during Abu Dhabi Finance Week to strengthen trade and investment ties between the two countries, a <a target=\"_blank\" href=\"https:\/\/www.exim.gov\/news\/export-import-bank-signs-memorandum-understanding-abu-dhabi-investment-office-strengthen-trade\" style=\"\" rel=\"noopener\">press release<\/a> reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The UAE and the US aim to focus on collaborating to support small-and medium-sized enterprises (SMEs), with a focus on women-owned businesses, and facilitating exports and imports of goods and services. The agreement targets the sectors of emerging technologies, critical minerals, infrastructure \u2014 including telecommunications and transport systems, with an aim to support the introduction of 5G networks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Collaborations in the energy sector: <\/strong>The two countries also aim to work on enhancing renewable energy solutions, including green hydrogen and energy storage systems, strengthening critical mineral supply chains, and fostering innovation in biotechnology, AI, semiconductors and quantum computing. <\/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\">CONSTRUCTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AD Ports taps Hassan Allam for construction of Safaga terminal in Egy<\/strong><strong>pt: <\/strong>Emirati, ADQ-owned port giant Abu Dhabi Ports has chosen Egyptian construction and contracting leader Hassan Allam Construction to build the infrastructure for its Noatum Ports at the Safaga terminal in the Red Sea, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/1802.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Details about the cost of the agreement are yet to emerge.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>AD Ports will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4018d1e3-d7ae-4b4e-8c85-93420e44e487\" style=\"\" rel=\"noopener\">develop and operate<\/a> the container terminal at Safaga Port under a USD 200 mn, 30-year concession agreement that has been in the works <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8f9b5225-7806-4fa4-bdf2-ea3b7dbbd903\/abu-dhabi%253cmark%253e-ports%253c%2Fmark%253e-could-invest-usd-500-mn-in-egypt\" style=\"\" rel=\"noopener\">since at least 2021<\/a>. The project \u2014 which <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f76fe194-f334-4f04-9a02-290f10fb406f\/chinese-state-owned-company-eyes-usd-10-bn-solar-project-in-egypt.-plus:-abu-dhabi-ports,-cabinet-news,-cbe-treasury-bills,-kfw-development-finance,-giza-systems,-adq-x-pyramids-fc\" style=\"\" rel=\"noopener\">was finalized<\/a> in an agreement in late 2023 \u2014 was initially expected to kick off operations in 2Q 2025. The terminal is expected to be able to handle some 5 mn tonnes of dry bulk, 1 mn tonnes of liquid bulk, 450k TEUs of containerized cargo, and 50k car-equivalent units (CEUs) of roll-on, roll-off cargo. Needed infrastructure includes administrative buildings, warehouses, roads, utilities, security systems, and more.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Data point: <\/strong>AD Ports has invested some USD 349 mn in Egypt over the past three years when it really began to establish itself in the country. The global port operator has now <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99f85003-cd06-4efe-813f-9d09a33d59d6\/one-more-gulf-acquisition-in-the-bag-%2B-kuwait%25e2%2580%2599s-sovereign-fund-joins-the-party\" style=\"\" rel=\"noopener\">acquired local logistics firms TCI and Transmar<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/af266c75-f35a-4e09-bc17-c695a85c0e28\/noatum-acquires-egyptian-maritime-services-provider%253cmark%253e-safina%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">maritime services provider Safina<\/a>. It has also landed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/05276cce-f57c-4242-b240-28b1a42340a7\/%253cmark%253ead%253c%2Fmark%253e%253cmark%253e-ports%253c%2Fmark%253e-lands-15-year-agreement-to-develop-three-egyptian-cruise-terminals\" style=\"\" rel=\"noopener\">an agreement<\/a> to develop, operate, and manage three cruise terminals in Hurghada, Safaga, and Sharm El Sheikh and another for a planned roll-on, roll-off ship terminal and cruise terminal in Ain Sokhna Port.<\/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- Abu Dhabi-based <\/strong><strong>Ohana Development<\/strong><strong> launched a AED 4.7 bn beachfront <\/strong><strong>residential project <\/strong>in partnership with US-based luxury watch and jewellery brand <a target=\"_blank\" href=\"https:\/\/jacobandco.com\/\" style=\"\" rel=\"noopener\">Jacob & Co.<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/ohana-development-and-jacob-and-co-partner-to-unveil-aed-47bln-jacob-and-co-beachfront-living-by-ohana-in-the-uae-uy58jj44\" style=\"\" rel=\"noopener\">press release<\/a>. Jacob & Co. Beachfront Living by Ohana is located in Al Jurf district between Dubai and Abu Dhabi, and it features one- to three-bedroom apartments, as well as three- to six-bedroom villas. The project is scheduled for delivery by 2Q 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Ohana Development launched its Eli Saab Waterfront on Abu Dhabi\u2019s Al Reem Island in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/991f2734-e9ea-4d26-91b7-8ed4d952eafb\/%253cmark%253e%253c%2Fmark%253eabu%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edhabi%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253elaunches%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ecentralized%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253er%253cmark%253e%253c%2Fmark%253e&%253cmark%253e%253c%2Fmark%253ed%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eportal%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">May<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- One Development broke ground on its flagship AED 2 bn Laguna Residence <\/strong><strong>project <\/strong>in Dubai's City of Arabia, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/after-55-days-since-its-launch-construction-begins-on-laguna-residence-p6etjscb\" style=\"\" rel=\"noopener\">press release<\/a>. The project, launched in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f59ccced-e827-44c8-bba5-9c29689d3612\/\" style=\"\" rel=\"noopener\">October<\/a>, is scheduled for delivery in 4Q 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Mr. Eight Development set to launch five residential projects<\/strong><strong> next year<\/strong><strong>: <\/strong>Dubai-based Mr. Eight Developments is gearing up to launch five new \u201cboutique-inspired\u201d residential projects on Dubai Islands in 2025, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/mr-eight-development-launches-in-dubai-to-bring-boutique-style-living-to-the-uae-hwsu3q9q\" style=\"\" rel=\"noopener\">press release<\/a>. \u201cWe plan on investing around [AED 1 bn] across all our projects on Dubai Islands, Mr. Eight\u2019s Director Emils Daujats said. The team behind Mr. Eight has spent 20 years developing projects in Europe.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The developer secured eight new plots of land<\/strong> developed by Dubai-based developer <a target=\"_blank\" href=\"https:\/\/www.nakheel.com\/\" style=\"\" rel=\"noopener\">Nakheel<\/a>, on which the five projects will be launched.<\/p>\n<p class=\"tag-border-left\">TECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Vertical Data set to launch flagship service in the UAE under partnership with <\/strong><strong>Hodler: <\/strong>Dubai-based digital assets investment firm <a target=\"_blank\" href=\"https:\/\/hodlerinvest.com\/\" style=\"\" rel=\"noopener\">Hodler Investments<\/a> partnered with US-based data center infrastructure firm <a target=\"_blank\" href=\"https:\/\/www.verticaldata.io\/\" style=\"\" rel=\"noopener\">Vertical Data<\/a> to bring the latter\u2019s GPUaaS solution in a box service to the UAE and the wider Mena region, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/1749.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The partnership will see Vertical Data work with Hodler\u2019s subsidiary PermianChain to deploy modular and portable data center solutions, which can be tailored to each company\u2019s needs and available real estate space.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Hodler Investments partnered with Gewan Holdings in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/13344024-1796-4c8c-947f-34d60187bd17\/%253cmark%253ehodler%253c%2Fmark%253e,-gewan-to-set-up-usd-250-500-mn-digital-energy-infrastructure-fund\" style=\"\" rel=\"noopener\">August<\/a> to establish a closed-ended digital energy infrastructure fund, targeting USD 250-500 mn. The fund has already received soft commitments and contributions from undisclosed lead investors.<\/p>\n<p class=\"tag-border-left\">INFRASTRUCTURE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enoc and Terra partner up to establish e-bike battery swapping stations in the <\/strong><strong>UAE: <\/strong><a target=\"_blank\" href=\"https:\/\/www.enoc.com\/en\/\" style=\"\" rel=\"noopener\">Emirates National Oil Compan (Enoc)<\/a> inked a partnership agreement with Dubai-based battery-swapping refueling and electric scooters platform <a target=\"_blank\" href=\"https:\/\/driveterra.com\/\" style=\"\" rel=\"noopener\">Drive Terra<\/a> to build a battery swapping stations network nationwide for e-bikes, according to a <a target=\"_blank\" href=\"https:\/\/www.enoc.com\/en\/media-centre\/news-releases\/press-release-detail\/id\/523\/enoc-group-and-drive-terra-announce-a-strategic-partnership-to-revolutionise-e-bike-infrastructure-in-the-uae?csrt=7031068703308853411\" style=\"\" rel=\"noopener\">press release<\/a> from Enoc. The battery-swapping network aims to accelerate the adoption of e-bikes in the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Terra teamed up with Flyby <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fecf4771-62f9-4c89-b677-7328bf2443fe\/e-bikes-from-terra-%2B-aramex.-plus:-new-data-centers-%2B-luxury-yacht-manufacturing\" style=\"\" rel=\"noopener\">back in March<\/a><\/strong><strong> to provide it with e-bikes<\/strong> powered by the Middle East\u2019s first swappable battery network in a bid to reduce emissions.<\/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\">AVIATION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Air Arabia adds new flights to Russia: <\/strong>Sharjah-based budget airline Air Arabia plans to launch a direct route between Sharjah International Airport and Sochi International Airport in Russia. The service will kick off from 27 June, 2025, with three non-stop flights scheduled each week on Mondays, Wednesdays, and Fridays, according to a <a target=\"_blank\" href=\"https:\/\/press.airarabia.com\/air-arabia-adds-sochi-to-its-growing-network-in-russia\/\" style=\"\" rel=\"noopener\">press release<\/a>. With this new route, Sochi is set to become the sixth Russian city served directly by Air Arabia from Sharjah, along with Moscow, Kazan, Samara, Ufa, and Yekaterinburg.<\/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\">EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADGM Academy, the educational arm of Abu Dhabi Global Market, inke<\/strong><strong>d seven <\/strong><strong>MoUs during the Future of Talent Summit <\/strong>which it hosted on the sidelines of the Abu Dhabi Finance Week, according to a <a target=\"_blank\" href=\"https:\/\/www.adgm.com\/media\/announcements\/adgm-academy-hosts-inaugural-future-of-talent-summit-at-adfw-2024\" style=\"\" rel=\"noopener\">press release<\/a>. A rundown of the MoUs:<\/p>\n<ul>\n<li><strong>An agreement was signed with Massachusetts Institute of Technology <\/strong>to leverage its expertise in research and education;<\/li>\n<li>with<strong> Ray Dalio <\/strong>to establish frameworks for thought leadership and training initiatives;<\/li>\n<li><strong>Wealth Management Institute <\/strong>to launch the School of Wealth & Asset Management in Abu Dhabi;<\/li>\n<li><strong>Visa<\/strong> to support fintech innovation, research, and curated training programs;<\/li>\n<li><strong>Sandooq Al Watan <\/strong>targeting capacity building for Emiratis via initiatives supporting entrepreneurship and SME mentorship;.<\/li>\n<li><strong>Standard Chartered <\/strong>to advance joint research and governance in AI within financial service;.<\/li>\n<li><strong>and Abu Dhabi Youth Business Council <\/strong>to organize mentorship programs and initiatives to develop the professional skills of young entrepreneurs.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DISPUTE WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Three individual shareholders of Fujairah-based Brooge Energy have fil<\/strong><strong>ed a complaint in a US federal court against EY<\/strong>, alleging the auditor failed to detect what they claim were fabricated revenues in Brooge Energy's annual reports for two years, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/brooge-energy-investors-file-fraud-complaint-against-ernst-young-2024-12-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The plaintiffs were once investors in a special purpose acquisition company that acquired Brooge in 2019. Brooge's assets are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/60c104fb-5036-4ed3-b4b0-3c40bc0e4b0c\/\" style=\"\" rel=\"noopener\">now being acquired<\/a> by DFM-listed Gulf Navigation.<\/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\">PAYMENTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkish fintech firm Dgpays partnered with Mastercard to co-develop digital <\/strong><strong>payment and loyalty solutions for Eastern Europe, the Middle East, and Africa (EEMEA)<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/mastercard-and-dgpays-partner-to-accelerate-digital-payment-innovation-in-the-region-pjoymkrz\" 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>Remember-<\/strong> Dgpays, which acquired a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3cc2cee5-c4f4-4756-9fd0-95e6b4c1bfa5\" style=\"\" rel=\"noopener\">65% stake<\/a> in Mashreq\u2019s payment subsidiary NeoPay earlier this year, has been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e73c8a9c-dc3c-451a-9e28-6acfa6e37c12\" style=\"\" rel=\"noopener\">eyeing expansion<\/a> beyond the UAE into other GCC countries, Egypt, and Pakistan.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-office\/\">Abu Dhabi Investment Office<\/a>\n                <!-- <span 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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/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\/12\/19\/fed-cuts-rates-by-another-25-bps-signals-slower-easing-cycle-next-year\/\">\r\n                            Fed cuts rates by another 25 bps, signals slower easing cycle next 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 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href=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/fed-cuts-rates-by-another-25-bps-signals-slower-easing-cycle-next-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1813.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"98984\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/19\/fed-cuts-rates-by-another-25-bps-signals-slower-easing-cycle-next-year\/1813-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1813.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1813.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1813.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1813.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98983\" class=\"content-area-description single-story post-98983 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam-uae tag-federal-reserve tag-financial-markets tag-inflation tag-interest-rates 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\/12\/.8135d4b4-d71f-41a6-bd9a-883a667e9bce.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The US Federal Reserve cut interest rates for the third time<\/strong><strong> in 2024 by 25 bps<\/strong>, bringing its overnight borrowing rate to 4.25%-4.5%, it said in a <a target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20241218a.htm\" style=\"\" rel=\"noopener\">press release<\/a> yesterday. This brings interest rates down a full percentage point this year, after it cut rates by 50 bps in September, and by 25 bps in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2c22a2bd-d0a6-4fe1-9209-e5df1448126c\/fed-trims-rate-cuts-by-a-further-25-bps-as-central-bankers-brace-for-an-uncertain-time-for-monetary-policy\" style=\"\" rel=\"noopener\">November<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Fed is now expected to make two rate cuts next year<\/strong>, according to the closely watched \u201cdot plot,\u201d <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/12\/18\/fed-rate-decision-december-2024-.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reports \u2014 half the amount of cuts expected the last time the dot plot was updated in September. The next meeting will take place on 28-29 January. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still, all options are on the table: <\/strong>The Fed is currently not on \u201cany preset course,\u201d Powell says, and restraint can be \u201cdialed back more slowly\u201d if the economy remains strong, Fed chair Jerome Powell said in a press conference (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=9qwmZ5AMfSk\" style=\"\" rel=\"noopener\">watch,runtime: 6:53<\/a>). However, with the current, less restrictive policy stance, coming steps can be more cautious as further adjustments are considered. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inflation to come in higher than expected: <\/strong>Expectations on inflation remain \u201cwell-anchored,\u201d says Powell, with numbers currently still above, but moving steadily toward, the longer term 2% goal. Officials now see inflation coming in at 2.5% by the end of next year, with the 2% target likely out of reach until 2027. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tariffs? <\/strong><strong>We\u2019ll cross that bridge when we get to it:<\/strong> The effect of Donald Trump\u2019s potential tariffs on the economy is not a present situation to handle, Powell said, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/feds-powell-not-ready-say-what-trump-policies-will-do-economy-2024-12-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>, with the proper assessment mainly taking place after the policies are officially issued. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax:<\/strong> US stocks slid after the Federal Reserve\u2019s decision, with the S&P 500 falling 3%, Nasdaq sliding 3.6%, and the Dow Jones declining 2.6%.The USD also hit a two-year high on the news.<\/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 also in the red following the sell-off on Wall Street<\/strong>, with Japan\u2019s Nikkei down 1.2%, South Korea\u2019s Kospi down 1.7%, and Hong Kong\u2019s Hang Seng falling 0.9%. Wall Street futures are hovering near the flatline. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,293<\/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: -3.0%)<\/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>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\">5,037<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.8% (YTD: +24.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,095<\/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: +6.6%)<\/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-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>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\">11,961<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">30,503<\/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: +22.5%)<\/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\">5,872<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.0% (YTD: +23.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8,199<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +6.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4,957<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +9.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 72.98<\/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%<\/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 (Nymex) <\/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 3.37<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.0%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,653<\/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%<\/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 100,112<\/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\">-5.0% (YTD: +138%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM fell 0.8% yesterday<\/strong> on turnover of AED 947.1 mn. The index is up 24% 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>Sukoon Ins. (+12.7%), Shuaa Capital (+3.5%), and Salik (2.2%)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Takaful Emarat (-9.9%), Al Mazaya Holding Company (-9.3%) and BHM Capital Financial Services (-8.0%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index closed up 0.3% on turnover of AED 1.1 bn. Meanwhile, Nasdaq Dubai fell 0.5%.<\/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\/federal-reserve\/\">Federal Reserve<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/interest-rates\/\">interest rates<\/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=\"98985\" 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\/12\/19\/98985-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-98985\" class=\"content-area-description single-story post-98985 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;\">DECEMBER <\/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>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>17-19 December (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/china-home-life-dec-2024\/\" style=\"\">China Home Life<\/a><\/span><span style=\"font-weight:400;\">, Dubai Word Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">19-22 December (Thursday-Sunday): Rise Investment Festival for Young Entrepreneurs (RICH), Dubai.<\/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<\/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>1 January (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mohre.gov.ae\/en\/media-centre\/news\/16\/12\/2024\/mohre-launches-competitively-priced-health-insurance-package-for-private-sector-employees-and-domestic-workers-across-the-uae.aspx\" style=\"\">Health ins.<\/a><\/span><span style=\"font-weight:400;\"> to become mandatory for employees across the UAE. <\/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): 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<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/coling2025.org\/\" style=\"\">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 (Monday-Wednesday): <\/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 (Wednesday-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;\"> (Acres), 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<\/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:400;\">28-29 January (Tuesday-Wednesday): US Federal Reserve\u2019s Federal Open Market Committee meeting.<\/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 style=\"font-weight:400;\">, 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 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>10-12 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/en\/events\/japan-kyoto-trade-exhibition-2025\/\" style=\"\">Japan Kyoto Trade Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Dubai Word 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=\"\">Investopia 2024<\/a><\/span><span style=\"font-weight:400;\">, 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:400;\">28 February-29 March (Friday-Saturday): Ramadan. <\/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;\">MARCH 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 March (Tuesday-Wednesday): US Federal Reserve\u2019s Federal Open Market Committee meeting.<\/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;\">31 March-2 April (Monday-Wednesday): Eid Al Fitr, national holiday.<\/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;\">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, 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 (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>25 April-11 May (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dubaiesportsfestival.com\/en\/home\" style=\"\">Dubai Esports and Games Festival<\/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>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<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in April:<\/span><\/p>\n<ul>\n<li><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/a2rl.io\/autonomous-drone-race\" style=\"\">Abu Dhabi Autonomous Racing League<\/a><\/span><span style=\"font-weight:400;\">, Yas Marina Circuit in Abu Dhabi<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6-7 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/globalportsforum.com\/dubai-to-host-gpf\/\" style=\"\">Global Ports Forum<\/a><\/span><span style=\"font-weight:400;\">, Dubai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6-7 May (Tuesday-Wednesday): US Federal Reserve\u2019s Federal Open Market Committee meeting.<\/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<\/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:400;\">30 May (Friday): Arafat Day. <\/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;\">31 May-2 June (Saturday-Monday): Eid Al Adha. <\/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;\">JUNE 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;\">17-18 June (Tuesday-Wednesday): US Federal Reserve\u2019s Federal Open Market Committee meeting.<\/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 June (Friday): Islamic New Year.<\/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;\">JULY 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;\">29-30 July (Tuesday-Wednesday): US Federal Reserve\u2019s Federal Open Market Committee meeting.<\/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;\">16-17 September (Tuesday-Wednesday): US Federal Reserve\u2019s Federal Open Market Committee meeting.<\/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>3-16 October (Friday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.visitdubai.com\/en\/whats-on\/dhf\" style=\"\">Dubai Home 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: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:400;\">28-29 October (Tuesday-Wednesday): US Federal Reserve\u2019s Federal Open Market Committee meeting.<\/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;\">DECEMBER 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;\">1-3 December (Monday-Wednesday): Eid Al Etihad (UAE National Day).<\/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;\">9-10 December (Tuesday-Wednesday): US Federal Reserve\u2019s Federal Open Market Committee meeting.<\/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>Adia now in the USD 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