{"id":99330,"date":"2025-01-06T00:00:00","date_gmt":"2025-01-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=99330"},"modified":"2025-12-15T02:28:24","modified_gmt":"2025-12-15T02:28:24","slug":"economy-grew-past-aed-1-7-tn-in-2024","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/economy-grew-past-aed-1-7-tn-in-2024\/","title":{"rendered":"Economy grew past AED 1.7 tn in 2024"},"content":{"rendered":"<section id=\"99332\" 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=\"99332\">\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\/2025\/01\/06\/this-morning-space42-launches-thuraya-4-satellite-new-perks-for-dubai-newlyweds-and-mothers\/\">\r\n                            THIS MORNING: Space42 launches Thuraya 4 satellite + New perks for Dubai newlyweds and mothers                        <\/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\/2025\/01\/06\/this-morning-space42-launches-thuraya-4-satellite-new-perks-for-dubai-newlyweds-and-mothers\/\" 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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We have plenty of news to sift through from the past few days, and a lot of fresh data out on economic performance \u2014 and, of course, the property market \u2014 over the past year, so let\u2019s dive in. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>ALSO- Don\u2019t miss our roundup of all the new laws, regulations, taxes, and fees taking effect in the new year <\/strong>in the news well, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f WEATHER- It\u2019s another crisp day in the UAE<\/strong>, with sunny and slightly windy conditions across the emirates, according to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/111.pdf\" style=\"\" rel=\"noopener\">National Center of Meteorology (pdf)<\/a>. The mercury in Dubai will reach 23\u00b0C, with a low of 17\u00b0C, and will peak at 21\u00b0C in Abu Dhabi, before also dropping to 17\u00b0C.<\/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>A few important milestones to note before getting underway: <\/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>#1- Abu Dhabi sovereign wealth fund Mubadala trumped Saudi Arabia\u2019s Public <\/strong><strong>Investment Fund to become the world\u2019s most active sovereign wealth fund in 2024<\/strong>, deploying USD 29.2 bn across 52 investments, according to consultancy firm <a target=\"_blank\" href=\"https:\/\/globalswf.com\/\" style=\"\" rel=\"noopener\">Global SWF<\/a> \u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/24.pdf\" style=\"\" rel=\"noopener\">annual report (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Abu Dhabi-based fund\u2019s investments rose 67% y-o-y<\/strong>, the report stated, deposing PIF, which saw a 37% cut in spending and a pivot towards domestic investment, Reuters <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/abu-dhabis-mubadala-overtakes-saudi-arabias-pif-worlds-top-wealth-fund-spender-2025-01-01\/\" style=\"\" rel=\"noopener\">reported<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the rise:<\/strong> Expansion across regions and industries drove the growth, alongside investments through its subsidiaries like <a target=\"_blank\" href=\"https:\/\/www.adcouncil.ae\/en\/\" style=\"\" rel=\"noopener\">Abu Dhabi Investment Council<\/a> (the Council) and <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/en\/what-we-do\/mubadala-capital\" style=\"\" rel=\"noopener\">Mubadala Capital<\/a>. Mubadala\u2019s partnerships with AI firm <a target=\"_blank\" href=\"https:\/\/www.g42.ai\/\" style=\"\" rel=\"noopener\">G42<\/a> and state-backed investment firm <a target=\"_blank\" href=\"https:\/\/www.mgx.ae\/en\" style=\"\" rel=\"noopener\">MGX<\/a> also fuelled the rise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In terms of assets under management, the Abu Dhabi Investment Authority maintained its position as the largest sovereign wealth fund in the region<\/strong> with USD 1.1 tn in AUM, while Mubadala holds USD 330 bn in AUM, and ADQ holds USD 249 bn. Adia\u2019s AUM has now placed it among the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/de99c7ca-e5e5-427c-893c-647f2478599d\/this-morning:-cbuae-cuts-rates-by-25-bps-in-line-with-the-fed-%2B%253cmark%253e-adia%253c%2Fmark%253e-hits-usd-1-tn-aum-milestone\" style=\"\" rel=\"noopener\">\u201cexclusive\u201d USD 1 tn club<\/a> for sovereign wealth funds \u2014 joining Norway\u2019s Government Pension Fund Global, China Investment Corporation (CIC), and China\u2019s SAFE Investment Center. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have more on the sovereign wealth funds\u2019 performance in today\u2019s Planet Finance<\/strong>, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- State-owned space tech firm <\/strong><strong>Space42 <\/strong><strong>launched its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.space42.ai\/Thuraya4\/thuraya4.html\" style=\"\" rel=\"noopener\">Thuraya 4 (T4)<\/a><\/strong><strong> telecom satellite<\/strong> aboard SpaceX\u2019s Falcon 9 rocket from Cape Canaveral Space Force Station in the US state of Florida, according to a <a target=\"_blank\" href=\"https:\/\/www.space42.ai\/en\/press-release\/2024\/space42s-thuraya-4-satellite-successfully-launched-into-orbit\" style=\"\" rel=\"noopener\">press release<\/a>. The satellite is now undergoing its Electrical Orbit Raising (EOR) phase and is expected to reach its geostationary orbit within months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Thuraya 4:<\/strong> Thuraya 4 is set to bolster Space42\u2019s mobile telecom offerings, with enhanced security, faster speeds, and expanded coverage across Africa, Europe, Central Asia, and the Middle East. The satellite, powered by the <a target=\"_blank\" href=\"https:\/\/www.airbus.com\/en\/products-services\/space\/telecommunications-and-navigation-satellites\/eurostar-neo\" style=\"\" rel=\"noopener\">Airbus Eurostar Neo<\/a> platform, features advanced onboard processing and routing capabilities for up to 3.2k channels. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Space42 secured an AED 18.7 bn contract with the UAE government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c79a8701-9a0f-463b-a907-c92136620eac\/%253cmark%253espace42%253c%2Fmark%253e-extends-new-aed-18.7-bn-contract-with-gov%25e2%2580%2599t-for-satellite-communication-services\" style=\"\" rel=\"noopener\">last month<\/a> to extend its communication services until 2043. The agreement includes advance payments of AED 3.7 bn for the construction of two new satellites, Al Yah 4 and Al Yah 5, set to be operational by 2027 and 2028.<\/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>#3- The UAE now has a Civil Defense Authority<\/strong>, replacing the former Civil Defense Department and now operating under the National Emergency, Crisis, and Disasters Management Authority, instead of the Interior Ministry, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bhi5j6m-uae-government-issues-federal-decree-law\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Safety compliance certificates are mandatory for property and facility licensing<\/strong>, the authority warned, with violators facing penalties of up to six months imprisonment or fines up to AED 250k. A dedicated committee will review compensation claims related to civil defense operations through a grievance mechanism.<\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#1- No change at the pump this month: <\/strong>The Fuel Price Committee kept January fuel prices unchanged from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/585d8d94-ac28-4261-90ad-670199174838\/covestro%25e2%2580%2599s-shareholders-greenlight-adnoc%25e2%2580%2599s-takeover-%2B-fuel-prices-at-their-lowest-this-year-in-december\" style=\"\" rel=\"noopener\">December\u2019s rates<\/a>, which were the lowest recorded in 2024, according to an Emirates General Petroleum Company <a target=\"_blank\" href=\"https:\/\/x.com\/EmaratOfficial\/status\/1874008332073312337\" style=\"\" rel=\"noopener\">statement on X<\/a>. The breakdown per liter:<\/p>\n<ul>\n<li><strong>Super 98:<\/strong> AED 2.61;<\/li>\n<li><strong>Special 95:<\/strong> AED 2.50;<\/li>\n<li><strong>E-plus 91:<\/strong> AED 2.43;<\/li>\n<li><strong>Diesel:<\/strong> AED 2.68.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Abu Dhabi has two new bridges<\/strong>, a three-lane flyover bridge on Al Khaleej Al Arabi street and a two-lane bridge between Shakhbout Bin Sultan street and Al Khaleej Al Arabi street, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/transport\/department-of-municipalities-and-transport-opens-two-new-bridges-enhancing-traffic-flow-between-al-khaleej-al-arabi-street-and-shakhbout-bin-sultan-street-towards-musaffah\/\" style=\"\" rel=\"noopener\">statement<\/a> from the Abu Dhabi Media Office. The AED 315 mn development is expected to cut traffic congestion during peak hours by up to 80%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Dubai has begun working on several road development projects<\/strong> across Al Awir, Al Warqa, Nadd Hessa, and Wadi Al Safa 3 areas to improve traffic flow, according to a <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/developing-16.5-km-of-internal-roads-in-al-awir-1\" style=\"\" rel=\"noopener\">press release<\/a> from the Dubai Roads and Transport Authority (RTA).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong><\/p>\n<ul>\n<li><strong>Al Awir 1 will get 16.5 km of internal roads with a new entrance from Emirates Road.<\/strong> These modifications will increase the area\u2019s access point capacity to 3k vehicles per hour and enhance Emirates Road capacity by 16%;<\/li>\n<li><strong>Al Warqa will get a new direct entrance and exit from Sheikh Mohammed bin Zayed Road<\/strong>. The project will increase the capacity of Al Warqa Street by 30%, reduce travel time to 3.5 minutes from 20 minutes, and decrease travel distance to 1.5 km;<\/li>\n<li><strong>Nadd Hessa will get an additional entrance and exit<\/strong>, connecting Sheikh Mohammed bin Zayed Road and Sheikh Zayed bin Hamdan Al Nahyan Street;<\/li>\n<li><strong>The Wadi Al Safa 3 project will see the construction of a 4 km direct entrance and internal roads<\/strong>. This development will shorten travel distances by 10 km and reduce travel time to 2 minutes from 10 minutes.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/539ede7b-6a63-460d-b4c3-1b228de5fc10\/dubai-earmarks-aed-3.7-bn-to-revamp-internal-roads\" style=\"\" rel=\"noopener\">approved<\/a> a five-year plan for the emirate\u2019s internal roads in November with an investment of AED 3.7 bn to develop 21 road projects.<\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S&P Global will publish the UAE\u2019s purchasing managers\u2019 index (PMI) for December s<\/strong><strong>oon after we hit \u201csend\u201d on this morning\u2019s issue. <\/strong>The UAE\u2019s non-oil business sector continued its expansion in November, though output was impacted by ongoing capacity pressures. <strong>We\u2019ll have the rundown on December\u2019s data for you in tomorrow\u2019s issue. <\/strong><\/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\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- New perks for Dubai newlyweds and mothers: <\/strong>Dubai will allow a 10-day marriage leave for government employees and a one-year remote work option on Fridays for mothers during the first year after maternity leave as part of the first phase of the new Sheikha Hind bint Maktoum Family Program aimed at promoting work-life balance through financial and social support, the Dubai Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/january\/04-01\/sheikha-hind\" style=\"\" rel=\"noopener\">stated<\/a>. The program offers wedding support; housing assistance, including reductions on monthly loan premiums; and flexible work policies, as well as social, financial, housing, and educational programs.<\/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><a id=\"wwtt5\"><\/a> #2- Dubai plans to add commercial properties to its newly launched Smart Rental Index <\/strong><strong>in 1Q 2025<\/strong>, Majid Al Marri, CEO of the Real Estate Registration Sector at Dubai Land Department, was quoted as saying by <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/realty\/dubai-plans-new-rental-index-for-commercial-properties\" style=\"\" rel=\"noopener\">Khaleej Times<\/a>. The Dubai Land Department launched the smart index for residential properties <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ac8e2e40-b764-49f0-8500-ee564adbcb0a\/this-morning:-dubai-land-department-to-roll-out-a-smart%253cmark%253e-rental%253c%2Fmark%253e%253cmark%253e-index%253c%2Fmark%253e-in-january-%2B-health-and-auto-ins.-premiums-in-the-emirate-to-rise-next-year\" style=\"\" rel=\"noopener\">in December<\/a>, which uses AI and building classification criteria \u2014 such as location, age, and maintenance \u2014 to calculate rental values, according to <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bhhk3ia-dubai-land-department-launches-smart-rental-index\" style=\"\" rel=\"noopener\">Wam<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong>Abu Dhabi introduced a similar rental index in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e43dc2da-d263-4e1c-ba7e-51ff13ceba23\/adgm-publishes-draft-regulations-for-stablecoins-%2B-uae-mulling-the-acquisition-of-hsbc%25e2%2580%2599s-south-african-unit%3F\" style=\"\" rel=\"noopener\">August<\/a>, covering residential, commercial, and industrial properties.<\/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>#3- Retail operator <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mairgroup.com\/en\" style=\"\" rel=\"noopener\">Mair Group<\/a><\/strong><strong> is eyeing AED 400 mn in investments this year<\/strong> aimed at supporting expansion and boosting existing assets\u2019 operational efficiency, the firm\u2019s CEO Nahyan Al Ameri told <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%AA%D8%BA%D8%B7%D9%8A%D8%A7%D8%AA-%D8%B2%D8%A7%D9%88%D9%8A%D8%A9\/%D9%8A%D8%AD%D8%AF%D8%AB-%D9%81%D9%8A-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA\/400-2025-xik0hmi4\" style=\"\" rel=\"noopener\">Zawya<\/a>. This follows Mair\u2019s direct listing on the ADX <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a0a751a7-5133-419f-8caa-13e422350794\/this-morning:%253cmark%253e-mair%253c%2Fmark%253e-group-sets-reference-price-for-adx-listing-%2B-could-redbird-still-hold-onto-the-telegraph%3F\" style=\"\" rel=\"noopener\">last month<\/a>. Expansion into the manufacturing sector and more local acquisitions are also in the cards.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4-<\/strong> <strong>Dubai approves AED 5.4 bn housing project to support Emirati families: <\/strong>Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum greenlit the construction of a housing project comprising over 3k residential units across Dubai with an estimated investment of AED 5.4 bn, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/bhjc6ot-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-54-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D8%B1%D9%87%D9%85-%D9%85%D8%AD%D9%85%D8%AF-%D8%A8%D9%86-%D8%B1%D8%A7%D8%B4%D8%AF-%D9%8A%D8%B9%D8%AA%D9%85%D8%AF-%D8%AA%D9%86%D9%81%D9%8A%D8%B0\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt4\"><\/a> UAE stock markets hit AED 3.9 tn market cap in 2024: <\/strong>The combined market capitalization of the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) climbed to over AED 3.9 tn by the end of 2024, up by AED 257 bn from AED 3.6 tn in 2023, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b6ywf05-uae-stock-markets-post-aed257-market-cap-growth\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The ADX ended the year with a market cap just shy of AED 3 tn, compared to AED 2.96 tn y-o-y. Meanwhile, the DFM registered a market cap of AED 906.9 bn, up from AED 687.5 bn last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trading momentum:<\/strong> The local markets saw AED 449 bn in trading value during the year, with the ADX accounting for AED 342.4 bn and the DFM for AED 106.7 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s another mixed bag in the foreign press this morning<\/strong>, with updates on yet another round of Israel-Hamas ceasefire talks, a powerful US winter storm, and Nippon Steel\u2019s blocked USD 15 bn bid for US Steel getting plenty of ink. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Reuters and Bloomberg are both leading with US President Joe Biden\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/nippon-steel-japan-cfius-economy-biden-099564a3cddca587af0d7340e0c15ed6\" style=\"\" rel=\"noopener\">blocking<\/a><\/strong><strong> of<\/strong><strong> Nippon Steel\u2019s USD 15 bn bid for US Steel. <\/strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-06\/nippon-steel-dips-after-biden-blocks-us-steel-takeover?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> took note of Nippon Steel\u2019s shares slipping in the first day of trading following Biden\u2019s announcement, and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/rival-ceo-spread-doubt-about-nippon-steel-deal-prospects-wall-street-documents-2025-01-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> has an exclusive on another headwind that had been facing Nippon Steel, as the CEO of steelmaker Cleveland-Cliffs \u2014 which also made a failed bid for US Steel in 2023 \u2014 spread doubt over the transaction in the months leading up to Biden\u2019s blocking of the bid. The newswire also looks at <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/what-next-nippon-steel-us-steels-15-bln-mega-merger-2024-12-11\/\" style=\"\" rel=\"noopener\">potential scenarios<\/a> following Biden\u2019s blocking, including the potential impact on US-Japan relations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Israeli and Hamas officials are still at odds in the latest round of ceasefire talks<\/strong>, which took place in Doha yesterday, after Hamas said it handed over a list of hostages it is prepared to return in exchange for the promise of a ceasefire and Israel\u2019s withdrawal, <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/middle-east\/20250105-israel-hamas-clash-hostage-release-deal-israeli-strikes-gaza-intensify\" style=\"\" rel=\"noopener\">France24<\/a> reports. Israel denied it received a list, even though <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israeli-strikes-kill-nine-people-gaza-mediators-strive-truce-deal-2025-01-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> says it has seen the list which was handed over by Hamas. The talks came against the backdrop of another brutal weekend in Gaza, with over 100 killed in airstrikes and bombardments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The US has been hit by a powerful winter storm, disrupting travel and prompting<\/strong><strong> speculation over potential delays in government operations <\/strong>on the day where Congress is set to certify the results of the elections in November and formalize president-elect Donald Trump\u2019s victory ahead of his inauguration on 20 January. US lawmakers <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/winter-storm-will-not-delay-trump-election-certification-congress-house-leader-2025-01-05\/\" style=\"\" rel=\"noopener\">confirmed<\/a> the meeting will take place as planned. (<a target=\"_blank\" href=\"https:\/\/www.wsj.com\/us-news\/climate-environment\/classic-major-winter-storm-creates-dangerous-travel-conditions-08d662ae?mod=hp_lead_pos9\" style=\"\" rel=\"noopener\">WSJ<\/a> | <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2025\/01\/05\/winter-snow-storm-snow-blizzard-ice-photos\" style=\"\" rel=\"noopener\">Axios<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/winter-storm-will-not-delay-trump-election-certification-congress-house-leader-2025-01-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/arabplast.info\/\" style=\"\" rel=\"noopener\">Arab Plast International Trade Fair for Plastics, Recycling, Petrochemicals,<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/arabplast.info\/\" style=\"\" rel=\"noopener\">Packaging and Rubber Industry<\/a><\/strong><strong> will take place between 7-9 January<\/strong> at the Dubai International Convention and Exhibition Center. The event will showcase advancements in the plastics and recycling sectors, with a focus on sustainable practices, circular economy, recycling technologies, and sustainable materials. The event will include networking prospects for professionals, live demonstrations of technologies and machinery, and discussions on future developments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.irena.org\/Events\/2025\/Jan\/Fifteenth-Session-of-the-IRENA-Assembly\" style=\"\" rel=\"noopener\">International Renewable Energy Agency (IRENA) Assembly<\/a><\/strong><strong> will take place betwe<\/strong><strong>en <\/strong><strong>11-13 January<\/strong> in Abu Dhabi. The event will gather global leaders and decision-makers to discuss the renewable energy transition and address challenges to energy security and financing. Featured in the agenda: An <a target=\"_blank\" href=\"https:\/\/www.irena.org\/Events\/2025\/Jan\/The-New-Generation-of-Decision-Makers-IRENA-Youth-Forum-at-the-15th-IRENA-Assembly\" style=\"\" rel=\"noopener\">International Renewable Energy Agency Youth Forum<\/a>, which will see interactive sessions, open dialogues, and thematic workshops for youth to contribute to renewable energy deployment and sustainable development.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.1billionsummit.com\/\" style=\"\" rel=\"noopener\">The 1 Bn Followers Summit<\/a><\/strong><strong> will take place between 11-13 January<\/strong> at Jumerirah Emirates Towers at the DIFC in Dubai. The event will feature over 250 speakers, including top content creators and industry experts. It includes workshops and discussions on technology, content strategies, and the economic impact of content creation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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AED 1.7 tn in 2024&url=https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/uaes-gdp-surpassed-aed-1-7-tn-in-2024\/\">\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\/2025\/01\/06\/uaes-gdp-surpassed-aed-1-7-tn-in-2024\/&title=UAE\u2019s GDP surpassed AED 1.7 tn in 2024\">\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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data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/uaes-gdp-surpassed-aed-1-7-tn-in-2024\/122-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/122.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"122.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/122.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/122.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99335\" class=\"content-area-description single-story post-99335 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-emiratisation tag-enterpriseam-uae tag-fdi tag-gdp tag-healthcare tag-housing tag-smes tag-tourism tag-trade 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\/2025\/1\/.baa9f021-01e1-48c3-94f3-eaa06360d685.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The UAE\u2019s GDP is projected to have surpassed AED 1.7 tn in 2024<\/strong>, marking a record high, according to a recap of the first cabinet meeting of 2025 <a target=\"_blank\" href=\"https:\/\/x.com\/UAEmediaoffice\/status\/1874821189740466360\/photo\/1\" style=\"\" rel=\"noopener\">posted on X<\/a>. The industrial sector is estimated to have contributed over AED 210 bn to GDP, with industrial exports surpassing AED 190 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign trade is also expected to have exceeded AED 2.8 tn in 2024<\/strong>, with non-oil exports set to top AED 540 bn, imports over AED 1.6 tn, and re-exports crossing AED 700 bn, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bhhk3l4-mohammed-bin-rashid-reviews-uae-cabinet\" style=\"\" rel=\"noopener\">Wam<\/a> reports. This is down from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ba7a061f-b01f-46a6-8b9b-c1b1af38d4f1\/%253cmark%253enon-oil%253c%2Fmark%253e-foreign%253cmark%253e-trade%253c%2Fmark%253e-reaches-aed-3.5-tn-in-2023\" style=\"\" rel=\"noopener\">AED 3.5 tn<\/a> in 2023, though non-oil exports would be up from AED 441 bn last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The UAE signed 12 new comprehensive economic partnership agreements (CEPAs) in 2024<\/strong>, bringing the total to 24, with 15 finalized and nine in progress. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign direct investments are expected to have risen by 17.1% y-o-y to reach AED 130 bn in 2024<\/strong>. The UAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/971f7a6f-f14d-4a5a-baac-83753239bced\/uae-racks-up-usd-30.69-bn-in-greenfield%253cmark%253e-fdi%253c%2Fmark%253e-inflows\" style=\"\" rel=\"noopener\">attracted<\/a> around USD 30.7 bn (AED 112.6 bn) of FDI inflows for greenfield projects in 2023, representing 45.4% of total foreign direct investment inflows in the region. It also led with USD 225 bn (AED 826.3 bn) in cumulative FDI balances, comprising 21% of total incoming balances across the region. The country <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0fe23dfc-6d0f-49c1-8aa7-2262599cd752\/this-morning:-nmdc-to-list-epc-services-subsidiary%3F-%2B-uae-ranked-first-globally-in-terms-of-fdi-to-gdp-ratio-in-2023\" style=\"\" rel=\"noopener\">ranked first globally<\/a> in attracting FDI relative to its GDP in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Healthcare also had a good year:<\/strong> Medicine sales are expected to reach AED 20.5 bn in 2024, with projections of AED 26.4 bn in sales by 2028. Medical product factories have increased by 90% over the past six years, producing nearly 1.9k items in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And tourism flourished:<\/strong> UAE airports welcomed 150 mn passengers in 2024, while hotels hosted 30 mn hotel guests, resulting in over 105 mn overnight stays, matching previous <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8f757a25-17c5-4ca4-8b15-67a185a4209a\/this-morning:-major-roads-in-dubai-will-close-starting-at-4pm-today\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8f757a25-17c5-4ca4-8b15-67a185a4209a\/this-morning:-major-roads-in-dubai-will-close-starting-at-4pm-today\" style=\"\" rel=\"noopener\">predictions<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emiratization is on the rise in the private sector:<\/strong> Emirati participation in the private sector grew by 350% in 2024, with 131k citizens entering the workforce, driven by the <a target=\"_blank\" href=\"https:\/\/nafis.gov.ae\/\" style=\"\" rel=\"noopener\">Nafis<\/a><a target=\"_blank\" href=\"https:\/\/nafis.gov.ae\/\" style=\"\" rel=\"noopener\">program<\/a>. Meanwhile, Emiratis alone established some 25k new small- and medium-sized enterprises (SMEs). <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emiratisation\/\">Emiratisation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/fdi\/\">FDI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/housing\/\">Housing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/smes\/\">SMEs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/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=\"99337\" 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=\"99337\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ECONOMY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/abu-dhabis-economy-grew-4-5-in-3q-2024\/\">\r\n                            Abu Dhabi\u2019s economy grew 4.5% in 3Q 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/abu-dhabis-economy-grew-4-5-in-3q-2024\/\" 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 non-oil economy grew 6.6%, contributing 54% to GDP during the quarter, according to preliminary estimates by SCAD. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sector highlights: <\/strong><\/p>\n<ul>\n<li><strong>Manufacturing <\/strong>grew 2% to AED 29.4 bn, contributing 9.7% to the emirate\u2019s GDP, remaining the largest non-oil activity for the seventh consecutive quarter.<\/li>\n<li><strong>Construction <\/strong>rose 10% to AED 26.7 bn, supported by investments in urban infrastructure and job creation, accounting for 8.8% of GDP. <\/li>\n<\/ul>\n<ul>\n<li><strong>Financial and ins. services<\/strong> grew 11.6% to AED 19.5 bn, reflecting increased loans and deposits in major banks, contributing 6.4% to Abu Dhabi\u2019s GDP. <\/li>\n<\/ul>\n<ul>\n<li><strong>Real estate <\/strong>grew 6.1% to AED 10.7 bn, driven by increased investments in urban infrastructure projects, contributing 3.5% to Abu Dhabi\u2019s GDP. <\/li>\n<\/ul>\n<ul>\n<li><strong>Transport and storage <\/strong>increased 18% to AED 7.1 bn, driven by higher cargo volumes, container handling, and port revenues.<\/li>\n<\/ul>\n<ul>\n<li><strong>Electricity, gas, and water <\/strong>expanded 5% to AED 5.5 bn, reflecting sustainability efforts, accounting for 1.8% of Abu Dhabi\u2019s GDP.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In 9M 2024:<\/strong> GDP rose by 3.9% during the first nine months of 2024, with the non-oil economy growing 5.9%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> Chairman of the Abu Dhabi Department of Economic Development (ADDED) Ahmed Al Zaabi attributed the results to the emirate\u2019s proactive policies, significant capital investments, and focus on public-private partnerships. SCAD Director General Abdulla Gharib Alqemzi emphasized the role of data-driven decisions and foreign investments, which reached AED 904.5 bn in 2023, in bolstering economic development.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi\/\">Abu Dhabi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/economy\/\">Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates\/\">Emirates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/scad\/\">SCAD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae\/\">UAE<\/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=\"99339 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=\"99339\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/99339-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99339\" class=\"content-area-description single-story post-99339 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\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=\"99340\" 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=\"99340\">\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\">ENTERPRISE EXPLAINS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/new-year-new-laws-taxes-fees-and-regulations\/\">\r\n                            New year, new laws, taxes, fees, and regulations                        <\/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\/2025\/01\/06\/new-year-new-laws-taxes-fees-and-regulations\/\" 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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From the new corporate tax for multinationals to fresh Emiratization targets, we have a breakdown of all the new legislations, regulations, and taxes now in force below:<\/p>\n<p class=\"tag-border-left\"> TAXES AND FEES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Corporate tax increase for multinationals: <\/strong>Large multinational enterprises earning EUR 750 mn or more in global revenue will starting this year be subject to a 15% minimum corporate tax, up from the previous 9%, under the Finance Ministry\u2019s recent <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>. The DMTT applies to consolidated revenues in at least two of the four financial years before the tax takes effect.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- High-value employment activities could be eligible for a tax cre<\/strong><strong>dit as a percentage of eligible salary costs as of 1 January<\/strong>, under a separate proposal pending legislative approvals. The new scheme applies to C-suite executives and senior personnel performing core business functions that enhance the UAE's global competitiveness.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- New ADGM fee structure:<\/strong> The ADGM introduced updated fees starting 1 January, featuring reduced fees for non-financial and retail businesses, it said in a <a target=\"_blank\" href=\"https:\/\/www.adgm.com\/media\/announcements\/adgm-reduces-commercial-licence-fees-from-january-2025\" style=\"\" rel=\"noopener\">statement<\/a>. The breakdown:<\/p>\n<ul>\n<li><strong>In the non-financial category<\/strong>, initial registration was reduced from <strong>USD 10k<\/strong> to <strong>USD 5.5k<\/strong>, and annual renewal was reduced to <strong>USD 5k, <\/strong>from <strong>USD 8k<\/strong>;<\/li>\n<li><strong>In the retail category<\/strong>, initial registration was reduced to <strong>USD 2.5k<\/strong>, from <strong>USD 6k<\/strong>, and annual renewal was halved to <strong>USD 2k<\/strong>;<\/li>\n<li><strong>Financial businesses\u2019 fees increased<\/strong>, with initial registration raised to <strong>USD 16.7k<\/strong>, up from <strong>USD 15k,<\/strong> and annual renewal raised from to <strong>USD 16.2k<\/strong>, up from USD 13k;<\/li>\n<li><strong>Tech startups\u2019 registration and renewal fees were adjusted<\/strong> from USD 1k to USD 1.5k;<\/li>\n<li><strong>A USD 300 data protection fee applies to all categories <\/strong>for new registrations and renewals.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new fee structure applies to all license categories <\/strong>across Al Maryah and Al Reem Islands within ADGM, with the exemptions for non-financial and retail businesses on Al Reem Island being discontinued as of 31 December 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The ADGM added Al Reem Island to its jurisdiction in November 2023 as part of its expansion to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a3d3f868-c345-4beb-85d7-3206c479c6ea\/high-demand-for-office-space-in-dubai-and-abu-dhabi-spurs-new-office-construction\" style=\"\" rel=\"noopener\">accommodate the demand for office space<\/a> in the financial hub. ADGM <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8dcfa86d-6c4f-42e8-a876-49f89eb35c70\/more-ipo-activity-ahead#:~:text=%231%2DAl,Sayah%20Al%20Mazrouei.\" style=\"\" rel=\"noopener\">waived registration<\/a> fees for Reem Island businesses until December as part of an incentive package aiming to facilitate their transition to the hub.<\/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- Increased sewage costs in Dubai: <\/strong>Dubai\u2019s sewerage fees increased to 1.5 fils per gallon, up from 1 fils for the first time in 10 years, as part of a phased increase planned under the Dubai Municipality\u2019s new <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e79f6613-61d3-44f6-a8f9-c03f5aa97f55\/this-morning:-maf-shuts-down-carrefour-stores-in-jordan,-opens-up-new-retail-chain-%2B-dubai-is-getting-a-new-sewage-fee-structure\" style=\"\" rel=\"noopener\">sewage fee structure<\/a> to keep pace with a rising population and encourage water conservation. Tariffs will be hiked to 2 fils per gallon starting in 2026 and 2.8 fils per gallon starting in 2027.<\/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- Salik is set to introduce<\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/87c61a7f-f08f-47c6-afc6-eac05b11c1ca\/dubai-is-getting-the-gulf%25e2%2580%2599s-first-large-scale-brewery-%2B-adgm%25e2%2580%2599s-assets-under-management-grew-more-than-200%2525-in-3q\" style=\"\" rel=\"noopener\">variable road toll pricing<\/a><\/strong><strong> at the end of January. <\/strong>The breakdown of the new toll fee structure:<\/p>\n<ul>\n<li>Peak hours (weekdays, 6-10am, 4-8pm): AED 6;<\/li>\n<li>Off-peak hours (weekdays, 10am-4pm, 8pm\u20131am): AED 4;<\/li>\n<li>No toll fees between 1-6am daily, and all day Sunday except during public holidays or major events.<\/li>\n<\/ul>\n<p style=\"box-sizing: border-box; margin: 0px; color: rgb(63, 66, 84); font-family: Poppins, Helvetica, &quot;sans-serif&quot;; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; padding: 0px; line-height: 1.15;\"><strong style=\"font-weight: 600; box-sizing: border-box;\">Meanwhile, Parkin will introduce variable parking tariffs as of March<\/strong><span style=\"box-sizing: border-box;\">, which will see new fees introduced for peak hours (8-10am and 4-8pm), with a fee of AED 6 per hour for premium parking spaces and AED 4 for other public spaces. The new policy will also see an AED 25 per hour fee introduced for parking near event zones as of February.&nbsp;<\/span><\/p>\n<p><span style=\"background-color: transparent;\">EMIRATIZATION-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emiratization quotas hiked: <\/strong>Private sector companies with 20 to 49 employees were mandated to hire at least one Emirati citizen by 31 December 2024, and at least two as of 2025, under a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e16e268d-9a72-45b2-b849-c5e884070005\/this-morning:-adcb-pledges-support-for-nuclear-energy-%2B-masdar-shortlisted-for-oman-wind-projects\" style=\"\" rel=\"noopener\">new circular from the UAE's Human Resources and Emiratisation Ministry<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New penalties for non-compliance: <\/strong>Non-compliance now results in penalties of AED 96k for failure to hire one Emirati starting January 2025, and will later be hiked to AED 108k for companies that have not employed two Emiratis this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, companies with 50 (or more) employees must ensure 7% of their workforce <\/strong><strong>are Emiratis<\/strong> <strong>by mid-2025<\/strong> and 8% by year-end. <\/p>\n<p class=\"tag-border-left\">PRICE CONTROLS ON BASIC GOODS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Economy Ministry placed a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a3a61fac-647a-445c-bf8d-4b9c7999ac85\/new-price-controls-on-basic-goods-as-of-2025\" style=\"\" rel=\"noopener\">cap on price increases<\/a><\/strong><strong> for nine basic commo<\/strong><strong>dities as of 2 January 2025<\/strong>, with retailers now needing prior approval from the Ministry to increase prices, with a minimum of six months required between two consecutive price hikes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rule applies to nine essential consumer goods:<\/strong> cooking oil, eggs, dairy products, rice, sugar, poultry, legumes, bread, and wheat. Other related items and cleaning products will also be subject to the new rules.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Under the new regulations, retail stores and online merchants are now also required to clearly display unit prices <\/strong>using standardized measurements. <\/p>\n<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Mandatory health ins.: <\/strong>Health ins. is now required for all employees in Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah, and Fujairah \u2014 extending the mandate previously limited to just Abu Dhabi and Dubai. The new requirement applies to all employees with new work permits \u2014 and renewals of old permits as of 1 January 2025.<font face=\"Arial\">&nbsp;<\/font><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>In support of this new rule, the Human Resources and Emiratisation Ministry launched basic health ins. package <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/afaa78ee-33a6-4243-88f7-e6695418708a\/this-morning:-more-debt-issuances-from-the-uae-to-come-next-year-%2B-adia-closer-to-acquiring-stake-in-haldiram%3F\" style=\"\" rel=\"noopener\">last month<\/a> aimed at private sector employees across the UAE. The package \u2014 costing employers AED 320 per year \u2014 offers coverage for individuals aged 1 to 64 years old.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- All Emirati citizens must now undergo genetic testing as part of premarital <\/strong><strong>screenings<\/strong>, as mandated by the Abu Dhabi Department of Health <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/27e09da5-b0ed-4166-a33c-6ae9c186fc2f\/this-morning:-mubadala-eyes-haier%25e2%2580%2599s-indian-business-%2B-tiger-group-to-go-public%3F\" style=\"\" rel=\"noopener\">in November<\/a>. The testing covers 570 genes linked to over 840 genetic disorders, aiming to reduce the transmission of hereditary diseases and empower couples in family planning. <\/p>\n<p class=\"tag-border-left\">SUSTAINABILITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Say goodbye to plastic straws, cups, and other single-use plastics: <\/strong>Dubai pulled the brakes on single-use plastic products, with a ban on everything from plastic stirrers, table covers, cups, Styrofoam containers and straws to cotton swabs, taking effect at the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6db07cc1-e16b-4f5c-b088-22d999ba98a6\/%253cmark%253e%253c%2Fmark%253eihc%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esets%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eup%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253enew%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eholding%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ecompany%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253efunding%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efor%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emena%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253estartups%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efalls%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eshort%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e2023%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">beginning of January<\/a>. The resolution follows the earlier ban on plastic bags, coming as part of a phased approach towards banning single-use plastic altogether. Non-plastic single-use products \u2014 including non-plastic bags for single use \u2014 will be banned by 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Penalties: <\/strong>Violators face a AED 200 fine for first offenses, with fines doubling for repeat offenses within a year. Repetition fines are capped at AED 2k. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><i>**This article was modified to clarify that Parkin will introduce the variable parking tariff policy in February and March this year.&nbsp;<\/i><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adgm\/\">ADGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/healthcare\/\">Healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/regulation-watch\/\">REGULATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/salik\/\">Salik<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sustainability\/\">sustainability<\/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=\"99342\" 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=\"99342\">\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\">Banking<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/mashreq-receives-restricted-license-from-pakistans-central-bank\/\">\r\n                            Mashreq receives restricted license from Pakistan\u2019s central bank                        <\/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\/2025\/01\/06\/mashreq-receives-restricted-license-from-pakistans-central-bank\/\" 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\/2025\/01\/06\/mashreq-receives-restricted-license-from-pakistans-central-bank\/')\">\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\/2025\/01\/06\/mashreq-receives-restricted-license-from-pakistans-central-bank\/\">\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=Mashreq receives restricted license from Pakistan\u2019s central bank&url=https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/mashreq-receives-restricted-license-from-pakistans-central-bank\/\">\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\/2025\/01\/06\/mashreq-receives-restricted-license-from-pakistans-central-bank\/&title=Mashreq receives restricted license from Pakistan\u2019s central bank\">\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=Mashreq+receives+restricted+license+from+Pakistan%E2%80%99s+central+bank+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F01%2F06%2Fmashreq-receives-restricted-license-from-pakistans-central-bank%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\/2025\/01\/06\/mashreq-receives-restricted-license-from-pakistans-central-bank\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2659.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99343\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/mashreq-receives-restricted-license-from-pakistans-central-bank\/2659-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2659.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2659.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2659.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2659.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99342\" class=\"content-area-description single-story post-99342 post type-post status-publish format-standard has-post-thumbnail hentry category-banking tag-banking tag-digital-banking tag-enterpriseam-uae tag-mashreq wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.274ec744-5074-444d-aded-d3cc1bce36a9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Our friends at Mashreq become the first to receive a restricted license from the <\/strong><strong>State Bank of Pakistan (SBP) to kick off pilot operations as a digital retail bank<\/strong>, the bank said in a <a target=\"_blank\" href=\"https:\/\/www.mashreq.com\/en\/uae\/news\/2025\/january\/mashreq-pakistan-launch-digital-operations\/\" style=\"\" rel=\"noopener\">press release<\/a>. The latest approval expands Mashreq\u2019s operations to 14 countries, and will see the lender provide digital and Islamic banking services in the country. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The bank had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/38a63526-9f85-4c14-9758-499eecbf786f\/%253cmark%253emashreq%253c%2Fmark%253e-gets-in-principle-approval-to-offer-islamic-banking-services-in%253cmark%253e-pakistan%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">obtained in-principle approval<\/a> to launch digital and Islamic banking in the country in July, and submitted an operational readiness report to the SBP. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> Over the next five years, the bank intends to onboard \u201cmns of retail customers, catering to all their personal and business needs,\u201d the bank said in the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The lender has been expanding its digital operations globally over the past year<\/strong>, with the launch of its digital banking proposition Mashreq Neo in Egypt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/490cdbcf-937b-4b6d-9ce9-9eb0ce115145\/contact-to-expand-in-saudi-in-2025.-plus:-news-from-b-investments,-talaat-moustafa-group,-adib,%253cmark%253e-mashreq%253c%2Fmark%253e,-madinet-masr,-idea-verde,-azimut\" style=\"\" rel=\"noopener\">last year<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- We spoke with head of Mashreq Neo Radu Topliceanu last year about the launch in Pakistan<\/strong>, where he told us about the country\u2019s regulator\u2019s openness and advanced regulations, and their approach to build the digital bank from scratch with a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4b6577a3-8f69-448f-ad73-4bee70be6008\/%253cmark%253emashreq%253c%2Fmark%253e-taps-new-leaders-for%253cmark%253e-pakistan%253c%2Fmark%253e-branch\" style=\"\" rel=\"noopener\">dedicated team<\/a> on-the-ground.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/digital-banking\/\">Digital banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mashreq\/\">Mashreq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99344\" 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=\"99344\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/dubai-property-market-saw-27-increase-in-sales-value-last-year-while-sales-in-the-uae-hit-aed-893-bn\/\">\r\n                            Dubai property market saw 27% increase in sales value last year, while sales in the UAE hit AED 893 bn                        <\/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\/2025\/01\/06\/dubai-property-market-saw-27-increase-in-sales-value-last-year-while-sales-in-the-uae-hit-aed-893-bn\/\" 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\" 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bn&url=https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/dubai-property-market-saw-27-increase-in-sales-value-last-year-while-sales-in-the-uae-hit-aed-893-bn\/\">\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\/2025\/01\/06\/dubai-property-market-saw-27-increase-in-sales-value-last-year-while-sales-in-the-uae-hit-aed-893-bn\/&title=Dubai property market saw 27% increase in sales value last year, while sales in the UAE hit AED 893 bn\">\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=Dubai+property+market+saw+27%25+increase+in+sales+value+last+year%2C+while+sales+in+the+UAE+hit+AED+893+bn+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F01%2F06%2Fdubai-property-market-saw-27-increase-in-sales-value-last-year-while-sales-in-the-uae-hit-aed-893-bn%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\/2025\/01\/06\/dubai-property-market-saw-27-increase-in-sales-value-last-year-while-sales-in-the-uae-hit-aed-893-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2630.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99345\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/dubai-property-market-saw-27-increase-in-sales-value-last-year-while-sales-in-the-uae-hit-aed-893-bn\/2630-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2630.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2630.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2630.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2630.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99344\" class=\"content-area-description single-story post-99344 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-dubai tag-enterpriseam-uae tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.822c7039-b999-4b73-b316-ebb9117d153d.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Total value of property transactions in Dubai, Abu Dhabi, Sharjah, and <\/strong><strong>Ajman reached AED 893 bn in 2024 <\/strong>across 331.3k transactions, driven by new projects and infrastructure investments, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15cqftb-uae-real-estate-sees-steady-growth-projects-record\" style=\"\" rel=\"noopener\">Wam<\/a> reports, citing data from local real estate authorities. Mortgages accounted for AED 229.3 bn of total activity, spanning over 50k transactions, excluding Ajman.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the emirate, Dubai topped the market <\/strong>with AED 760.7 bn in property transactions, which amounted to 226k transactions. Property sales came in at a record AED 522 bn across 180k transactions, while mortgages reached AED 187 bn from 35k transactions. Transactions were up 36% in terms of volume and 27% in value compared to 2023, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bhhk3cf-dubai-real-estate-sets-all-time-record-2024\" style=\"\" rel=\"noopener\">Wam<\/a> reports separately, citing a report by f\u00e4m Properties. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi followed<\/strong>, recording AED 79.3 bn in total transaction value across over 25k transactions, split into AED 32.8 bn in mortgages and AED 46.5 bn in sales. In Sharjah, transactions totaled AED 36.4 bn between January and November, with AED 9.5 bn in mortgages. Meanwhile, Ajman registered AED 16.4 bn by October 2024 from 12.7k transactions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN DUBAI-<\/p>\n<ul>\n<li><strong>Primary market:<\/strong> Developer sales surged 30% to AED 334.1 bn, with transactions rising 51% to 119.8k. The average price per square foot increased by 10%, reaching AED 1.6k.<\/li>\n<li><strong>Secondary market:<\/strong> Resales grew 21% to AED 188.1 bn, with transaction volume rising 14% to 61.1k. Resale prices saw a 12% increase, hitting AED 1.3k per square foot.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the spike? <\/strong>New project launches, attractive payment plans, and residency incentives for foreign investors fueled demand. There's also a rise in interest for ready-to-move-in properties, boosted by high rental yields and infrastructure improvements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Segment performance<\/strong>: Apartment sales volume reached 141.2k transactions valued at AED 260.6 bn, a 42% y-o-y increase. Villa sales totaled 30.9k units worth AED 164.1 bn, up 21.1%. Commercial property transactions increased 10.1% to 4.3k units at AED 9.7 bn, while 4.3k plots sold for AED 86.5 bn, up 2.6% y-o-y.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai\/\">Dubai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99346\" 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=\"99346\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">STARTUP WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/nuwa-capital-leads-riyadh-based-foodtech-calos-usd-25-mn-series-b-round\/\">\r\n                            Nuwa Capital leads Riyadh-based foodtech Calo\u2019s USD 25 mn series B round                        <\/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\/2025\/01\/06\/nuwa-capital-leads-riyadh-based-foodtech-calos-usd-25-mn-series-b-round\/\" 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\/2025\/01\/06\/nuwa-capital-leads-riyadh-based-foodtech-calos-usd-25-mn-series-b-round\/')\">\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\/2025\/01\/06\/nuwa-capital-leads-riyadh-based-foodtech-calos-usd-25-mn-series-b-round\/\">\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=Nuwa Capital leads Riyadh-based foodtech Calo\u2019s USD 25 mn series B round&url=https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/nuwa-capital-leads-riyadh-based-foodtech-calos-usd-25-mn-series-b-round\/\">\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\/2025\/01\/06\/nuwa-capital-leads-riyadh-based-foodtech-calos-usd-25-mn-series-b-round\/&title=Nuwa Capital leads Riyadh-based foodtech Calo\u2019s USD 25 mn series B round\">\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=Nuwa+Capital+leads+Riyadh-based+foodtech+Calo%E2%80%99s+USD+25+mn+series+B+round+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F01%2F06%2Fnuwa-capital-leads-riyadh-based-foodtech-calos-usd-25-mn-series-b-round%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\/2025\/01\/06\/nuwa-capital-leads-riyadh-based-foodtech-calos-usd-25-mn-series-b-round\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/124.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99347\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/nuwa-capital-leads-riyadh-based-foodtech-calos-usd-25-mn-series-b-round\/124-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/124.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"124.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/124.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/124.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99346\" class=\"content-area-description single-story post-99346 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam-uae tag-investment tag-nuwa-capital tag-startup tag-startup-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\/2025\/1\/.e19b394d-dd2c-4eef-a9f5-5faa74a71d5b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Nuwa Capital backs Riyadh-based foodtech Calo: <\/strong>Saudi Arabia-headquartered meal subscription company <a target=\"_blank\" href=\"https:\/\/calo.app\/en\" style=\"\" rel=\"noopener\">Calo<\/a> raised USD 25 mn in an oversubscribed series B funding round led by Emirati VC <a target=\"_blank\" href=\"https:\/\/www.nuwacapital.io\/\" style=\"\" rel=\"noopener\">Nuwa Capital<\/a>, according to <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2024\/12\/calo-raises-25-million-series-b-eying-saudi-ipo-2027\" style=\"\" rel=\"noopener\">a press release<\/a>. The round saw participation from STV, Khwarizmi Ventures and some unnamed regional family offices. Calo has previously raised USD 26 mn from local and regional investors including Nama Ventures, 500 startups, and Vision Ventures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where the money\u2019s going: <\/strong>Calo will use the funding to grow its footprint in the GCC\u2019s meal-subscription market, with a focus on AI-driven tech and expanding its product range. A portion of the funds will also be used to support its expansion into retail.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Coming up next: IPO, M&A, funding milestones: <\/strong>Calo is gearing up for an \u201caccelerated expansion phase,\u201d with a focus on its planned IPO in Saudi Arabia by 2027. The company is also laying the groundwork for global expansion through mergers and acquisitions, with its first acquisition set for 1Q. Calo also plans to raise an additional USD 25 mn in 1Q 2025 on the back of strong investor demand during this latest round.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Calo:<\/strong> The foodtech company also operates in the UAE, Bahrain, Qatar and Kuwait. It claims to have delivered over 10 mn meals in 2024, and currently operates five revenue-generating retail brick and mortar stores.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nuwa-capital\/\">Nuwa Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup\/\">startup<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startup-watch\/\">STARTUP WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99348\" 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=\"99348\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/abu-dhabi-police-gets-new-commander-in-chief-director-general\/\">\r\n                            Abu Dhabi Police gets new Commander-in-Chief + Director General                        <\/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\/2025\/01\/06\/abu-dhabi-police-gets-new-commander-in-chief-director-general\/\" 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\/2025\/01\/06\/abu-dhabi-police-gets-new-commander-in-chief-director-general\/')\">\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\/2025\/01\/06\/abu-dhabi-police-gets-new-commander-in-chief-director-general\/\">\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=Abu Dhabi Police gets new Commander-in-Chief + Director General&url=https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/abu-dhabi-police-gets-new-commander-in-chief-director-general\/\">\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\/2025\/01\/06\/abu-dhabi-police-gets-new-commander-in-chief-director-general\/&title=Abu Dhabi Police gets new Commander-in-Chief + Director General\">\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=Abu+Dhabi+Police+gets+new+Commander-in-Chief+%2B+Director+General+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F01%2F06%2Fabu-dhabi-police-gets-new-commander-in-chief-director-general%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\/2025\/01\/06\/abu-dhabi-police-gets-new-commander-in-chief-director-general\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/116.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99349\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/abu-dhabi-police-gets-new-commander-in-chief-director-general\/116-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/116.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"116.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/116.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/116.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99348\" class=\"content-area-description single-story post-99348 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-abu-dhabi-police tag-enterpriseam-uae tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.760c11a9-afb3-43d5-84ff-3aeb12b07677.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">UAE President Sheikh Mohamed bin Zayed Al Nahyan appointed <strong>Major General Ahmed Saif <\/strong><strong>bin Zaitoon Al Muhairi <\/strong>as <strong>Commander-in-Chief<\/strong> of <strong>Abu Dhabi Police<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/government-affairs\/in-his-capacity-as-ruler-of-abu-dhabi-uae-president-issues-emiri-decree-appointing-commander-in-chief-of-abu-dhabi-police-and-chairman-of-abu-dhabi-department-of-energy\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan also tapped <strong>Sheikh Mohammed bin Tahnoon Al Nahyan<\/strong> as<strong> Director General <\/strong>of the authority, according to a separate <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/government-affairs\/khaled-bin-mohamed-bin-zayed-issues-resolution-appointing-he-major-general-sheikh-mohammed-bin-tahnoon-al-nahyan-as-director-general-of-abu-dhabi-police\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> The president also appointed <strong>Dr Abdulla Humaid Al Jarwan <\/strong>as <strong>Chairman of the Abu Dhabi Department of Energy<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/government-affairs\/in-his-capacity-as-ruler-of-abu-dhabi-uae-president-issues-emiri-decree-appointing-commander-in-chief-of-abu-dhabi-police-and-chairman-of-abu-dhabi-department-of-energy\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>, and <strong>Sultan Hamad Ahmad Hamad Al Mutawa Al Dhaheri<\/strong> as<strong> Director of the Presidential Court for Special Affairs\u2019 Deputy Chairman\u2019s Office<\/strong>, with the rank of Undersecretary, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b6yweg7-uae-president-issues-federal-decree-appointing\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-police\/\">Abu Dhabi Police<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99350\" 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=\"99350\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/gfh-partners-acquires-dubai-based-logistics-fund-for-usd-75-5-mn\/\">\r\n                            GFH Partners acquires Dubai-based logistics fund for USD 75.5 mn                        <\/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\/2025\/01\/06\/gfh-partners-acquires-dubai-based-logistics-fund-for-usd-75-5-mn\/\" 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\/2025\/01\/06\/gfh-partners-acquires-dubai-based-logistics-fund-for-usd-75-5-mn\/')\">\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\/2025\/01\/06\/gfh-partners-acquires-dubai-based-logistics-fund-for-usd-75-5-mn\/\">\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=GFH Partners acquires Dubai-based logistics fund  for USD 75.5 mn&url=https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/gfh-partners-acquires-dubai-based-logistics-fund-for-usd-75-5-mn\/\">\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\/2025\/01\/06\/gfh-partners-acquires-dubai-based-logistics-fund-for-usd-75-5-mn\/&title=GFH Partners acquires Dubai-based logistics fund  for USD 75.5 mn\">\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=GFH+Partners+acquires+Dubai-based+logistics+fund++for+USD+75.5+mn+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F01%2F06%2Fgfh-partners-acquires-dubai-based-logistics-fund-for-usd-75-5-mn%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\/2025\/01\/06\/gfh-partners-acquires-dubai-based-logistics-fund-for-usd-75-5-mn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/118.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99351\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/gfh-partners-acquires-dubai-based-logistics-fund-for-usd-75-5-mn\/118-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/118.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"118.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/118.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/118.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99350\" class=\"content-area-description single-story post-99350 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam-uae tag-infrastructure tag-ma tag-sharjah tag-startups wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.2faa42d5-6774-47da-8792-feaeba8313a3.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">M&A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- GFH Partners <\/strong><strong>acquires<\/strong><strong> Manrre REIT: <\/strong>GFH Partners, the Dubai-based global asset management arm of Bahraini GFH Financial Group, acquired Manrre REIT, a logistics and industrial assets fund registered with Nasdaq Dubai\u2019s share depository, for USD 75.5 mn, becoming its sole fund manager, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/103.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The transaction is part of GFH Partner\u2019s global expansion strategy. The company already operates in the US, UK, and GCC region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the fund:<\/strong> Established in 2018 by Palmon Group, the AED 500 mn Manrre REIT Portfolio includes 26 diversified logistics and industrial properties primarily in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong> Saudi Arabia\u2019s Lana Medical <\/strong><strong>finalized the acquisition of a 50% stake in E<\/strong><strong>mirati medical device manufacturer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/wavelight-tech.com\/\" style=\"\" rel=\"noopener\">Wavelight Technologies<\/a><\/strong> after completing all required procedures, it said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=84563&anCat=1&cs=9587&locale=en\" style=\"\" rel=\"noopener\">a filing to Tadawul<\/a>. The purchase was financed via Lana Medical\u2019s internal company resources and comes in a bid to expand the firm\u2019s regional partnerships and increase market share. <\/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>#3- Burjeel Holdings\u2019 subsidiary Burjeel KSA fully acquired Makkah-based Special<\/strong><strong>ist Physiotherapy Center for SAR 6.5 mn<\/strong>, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/72.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The center will be integrated into Burjeel\u2019s physiotherapy and wellness network PhysioTherabia with plans to introduce new services, including pediatric and neurorehabilitation and advanced technologies such as a cryo chamber and the David System for physiotherapy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the Specialist Physiotherapy Center:<\/strong> Founded in 2017, the Makkah-based center specializes in sports injuries, pediatric care, and post-surgical rehabilitation. It caters to the needs of Umrah and Hajj pilgrims, and saw a 2.1x increase in revenue to SAR 3.8 mn from 2021 to 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company is ramping up its investments abroad:<\/strong> The healthcare provider <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/542f693a-87fa-4b91-a160-35ea23ac6137\/hub71-launches-angel-investor-support-package\" style=\"\" rel=\"noopener\">partnered<\/a> last month with the health ins. firm Aasandha Company to provide Maldivian patients with medical treatments at Burjeel Medical City in Abu Dhabi. The firm also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0126828b-cefb-47f2-99e2-f21420679026\/modon-holding-appointed-as-master-developer-for-egypt%25e2%2580%2599s-ras-el-hekma-as-megaproject-kicks-into-gear\" style=\"\" rel=\"noopener\">inked<\/a> an agreement with Modon Holding back in October to develop multi-specialty healthcare facilities in Egypt as a part of the Ras El Hekma megaproject. Meanwhile, it is currently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f8d8558f-54b0-4573-aec6-7fec830d7e7e\/%253cmark%253eburjeel%253c%2Fmark%253e-set-to-launch-the-uae%25e2%2580%2599s-largest-fertility-clinic\" style=\"\" rel=\"noopener\">developing<\/a> the UAE\u2019s largest fertility clinic within its medical facilities.<\/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>#4- Enersol wraps up its NTS Amega acquisition:<\/strong> Adnoc Drilling and Alpha Dhabi\u2019s joint venture Enersol finalized its acquisition of a majority 51% stake in manufacturing solutions provider NTS Amega from Alpha Dhabi, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/105.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The involved parties previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d795cf28-fb7a-4209-b305-65e70a064e8c\" style=\"\" rel=\"noopener\">disclosed<\/a> the transaction value to be USD 58 mn, which is the same amount for which Alpha Dhabi <a target=\"_blank\" href=\"https:\/\/alphadhabi.com\/press_release\/alpha-dhabi-acquires-significant-stake-in-nts-amega-global-bolstering-its-oil-field-services-portfolio\/\" style=\"\" rel=\"noopener\">acquired<\/a> it in October 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Enersol <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7d96ebe5-a108-4388-b2db-42f6c63935b5\/adnoc-drilling-jv-to-invest-usd-750-mn-in-oilfield-tech-firm-acquisitions-next-year\" style=\"\" rel=\"noopener\">plans to invest<\/a> another USD 750 mn in acquisitions of oilfield services tech firms in 2025, using up the rest of its USD 1.5 bn budget for acquisitions, Adnoc Drilling CFO Youssef Salem told EnterpriseAM UAE last month. The JV acquired stakes in four firms last year, including manufacturing solutions provider <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d795cf28-fb7a-4209-b305-65e70a064e8c\/alpha-dhabi-and-adnoc-drilling-jv-acquires-majority-stake-in-oilfield-services-tech-firm-nts-amega\" style=\"\" rel=\"noopener\">NTS Amega<\/a>, oil engineering firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0818a4c1-5ac6-4db3-92e1-2be1957b0421\/alpha-dhabi-transfers-25%2525-stake-in%253cmark%253e-gordon%253c%2Fmark%253e-technologies-to-its-jv-with-adnoc-drilling\" style=\"\" rel=\"noopener\">Gordon Technologies<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/db23025a-34c8-4a84-a84c-bc8643d091b7\/adnoc,-alpha-dhabi-jv%253cmark%253e-enersol%253c%2Fmark%253e-snaps-up-95%2525-of-us-based-energy-tech-firm\" style=\"\" rel=\"noopener\">Deep Well Services<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/74152cf3-6207-40c4-92de-1d659079ee55\/%253cmark%253eenersol%253c%2Fmark%253e-finalizes-its-usd-45-mn-acquisition-of-ev-holdings-%2B-aldar-acquires-aed-2.3-bn-difc-tower\" style=\"\" rel=\"noopener\">EV Holdings<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai kickstarts second phase of AED 400 mn Al Mamzar Beach Development: <\/strong>Dubai awarded contracts for the second phase of the Al Mamzar Beach Development Project, set to be completed by the end of 2025, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bhjcee8-dubai-municipality-awards-contracts-for-second\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The contracts cover beach infrastructure improvements and connecting Al Mamzar Creek and Corniche. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The second phase will stretch 125k sqm, and includes 1k-meter paths for running, walking, and cycling linking Al Mamzar Creek Beach and Al Mamzar Park. The area will include a women-only public beach with gated access, night swimming, sports club, and children\u2019s play areas, and will be divided into recreational areas, including waterfront restaurants and F&B outlets, green spaces, seasonal event areas, skateboarding zones, and beach lounges.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Dubai\u2019s Higher Committee for Urban Planning and Well-Being allocated AED 355 mn for the development of 5.7 km of public beaches at Al Mamzar and Jumeirah 1 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ff0b8765-c0aa-4352-a0a3-9dcbbec6dbe1\/nmdc-energy-to-set-up-aed-367-mn-facility-in-kezad-%2B-dubai-public-beaches-get-a-revamp\" style=\"\" rel=\"noopener\">in early June<\/a>. Phase one, spanning 275k sqm, is now 45% complete, including a 200-m pedestrian bridge connecting creek banks, a night swimming beach, a 5 km walkway with dedicated running and cycling tracks, and recreational zones. Combined, the two phases represent a total investment of AED 400 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates SkyCargo is deploying a weekly Boeing 777 freighter to Copenhagen <\/strong><strong>Airport<\/strong>, with a capacity for 85 tons of cargo to cope with a recent 20% increase in shipping volume from Denmark, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/january\/02-01\/emirates-skycargo\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The freighter will also cater to neighboring countries like Norway and Sweden.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">STARTUPS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad) launched an industrial sector financing program with a <\/strong><strong>maximum financing limit of AED 800k<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b6yweop-ruwad-launches-industrial-sector-financing\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Ruwad financed two industrial projects last year totaling AED 550k and reported an increase in member projects to 17 in the industrial sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>McDermott opens a center of excellence in Dubai: <\/strong>US-based energy engineering firm McDermott inaugurated a welding and tech center of excellence in Dubai's Jebel Ali Freezone aimed at advancing subsea pipeline fabrication and installation, the company said in a <a target=\"_blank\" href=\"https:\/\/www.mcdermott.com\/press-release-detail\/123042\/mcdermott-opens-world-class-welding-and-technology-center-dubai\" style=\"\" rel=\"noopener\">statement<\/a>. The facility offers welding, pipeline coating, non-destructive testing, and production simulation services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HEALTHCARE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Abu Dhabi Stem Cells Center developed clinical-grade induced pluripotent <\/strong><strong>stem cells (iPSCs) for the first time in the Middle East<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/health\/abu-dhabi-stem-cells-center-successfully-develops-virus-free-clinical-grade-induced-pluripotent-stem-cells-for-first-time-in-the-middle-east\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. IPSCs are used in treating several illnesses, including neurodegenerative disorders such as Pakinson\u2019s and Alzhemir\u2019s and diabetes. They also allow for personalized, autologous therapies that reduce immune rejection risks.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sharjah\/\">Sharjah<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99352\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"99352\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/abu-dhabis-mubadala-was-the-worlds-biggest-spending-swf-in-2024\/\">\r\n                            Abu Dhabi\u2019s Mubadala was the world\u2019s biggest-spending SWF in 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/abu-dhabis-mubadala-was-the-worlds-biggest-spending-swf-in-2024\/\" 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 story got ink from <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/finance\/abu-dhabis-mubadala-overtakes-saudi-arabias-pif-worlds-top-wealth-fund-spender-2025-01-01\/\" style=\"\" rel=\"noopener\">Reuters<\/a> and <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-01\/abu-dhabi-s-mubadala-eclipses-saudi-pif-with-29-billion-deals\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala topping the league means it overtook Saudi\u2019s Public Investment Fund (PIF)<\/strong>, which fell one spot in 2024 from the top rank the previous year. PIF\u2019s ranking dip came as it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/e7a1cce8-f25c-4107-acea-209e38cfe81f\/pif-has-it-eyes-set-on-domestic-growth\" style=\"\" rel=\"noopener\">shifted its spending focus<\/a> towards domestic projects and cut outlays 37% y-o-y to USD 20 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And the rest of the Oil Five weren\u2019t far behind:<\/strong> Abu Dhabi-based ADIA and ADQ, as well as Qatar\u2019s QIA \u2014 which, together with Mubadala and PIF are known as the \u201cOil Five\u201d \u2014 all made it to the top 10 SWFs by investment value, shelling out a record-breaking USD 82 bn in new investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Differing investment tastes:<\/strong> GCC funds showed a tendency for investments in emerging markets \u2014 including their own domestic economies \u2014 but global SWFs maintained a preference for developed markets, the report explained. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Combined, the region\u2019s funds accounted for 38% of the total USD 13 tn in assets under<\/strong> <strong>management (AUM)<\/strong> of SWFs worldwide, benefitting from high oil prices and strong financial markets, despite headwinds from geopolitical tensions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GLOBALLY- <\/strong>China and Norway continued to top the SWF scene in 2024, accounting for 20% and 14% AuM worldwide, while Southeast Asian funds held another 10%, the report said. Norway remained home to the world\u2019s largest SWF \u2014 Norges Bank Investment Management \u2014 with USD 1.8 tn in AuM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>State-owned investors (SOIs) also broke records in 2024, logging USD 55 tn in AUM.<\/strong> The category\u2019s assets are projected to hit USD 60 tn this year and USD 75 tn in 2030 as GCC economic agendas drive growth in assets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sovereign funds around the world invested heavily in digital infrastructure, data centers<\/strong><strong> and AI startups such as OpenAI and xAI<\/strong>, driven by rapid AI adoption. GCC funds also went all in on AI in 2024, with the UAE, Saudi, and Qatar vying to position themselves as prospective AI hubs, Reuters noted.<\/p>\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed following the release of PMI figures<\/strong>, with Hong Kong\u2019s Hang Seng opening higher before slipping marginally, and China\u2019s CSI 300 losing 0.2%. Japan\u2019s Nikkei is also down, as is the Topix, while South Korea\u2019s Kospi is up 1.5% despite political uncertainty following the failed arrest of impeached president Yoon Suk Yeol. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On Wall Street, futures are also telling a mixed story <\/strong>ahead of the first full week of trading in 2025, with Nasdaq and S&amp;P 500 futures up slightly and Dow Jones futures down. <\/p>\n<div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,323<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.0% (YTD: -1%)<\/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\">5,127<\/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: -0.6%)<\/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>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\">4,145<\/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: -0.5%)<\/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\">4.2% o\/n<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4.4% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-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:1.0;orphans:2;widows:2;text-align:left\">12,070<\/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:1.0;orphans:2;widows:2;text-align:left\">-0.3% (YTD: +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>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\">30,184<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +1.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5942<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.3% (YTD: +1.0%)<\/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>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\">8224<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +0.6%)<\/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>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\">4871<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.9% (YTD: -0.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 76.51<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.35<\/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\">-8.4%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 2654.70<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 98,398.20<\/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\">+0.04% (YTD: +5.3%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX rose 0.01% on Friday<\/strong> on turnover of AED 812.3 mn. The index is down 1% 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>National Bank of Fujairah (+5.6%), Umm Al Quwain General Investment (+4.9%) and Mair Group (+4.5%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Rapco Investment (-8.9%), Gulf Cement Co. (-3.6%) and Sharjah Cement and Industrial Co. (-3.3%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index fell 0.5% on turnover of AED 584.9 mn. Meanwhile, Nasdaq Dubai fell 0.5%. <\/p>\n<p class=\"tag-border-left\">CORPORATE ACTIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NBF converts USD 275 mn AT1 capital into ordinary shares: <\/strong>National Bank of Fujairah completed the conversion of Additional Tier 1 capital securities amounting to USD 275 mn (AED 1 bn) into shares after receiving approval from shareholders and regulatory authorities, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/67.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Orascom Construction is shelling out an interim dividend of USD 0.22 per share <\/strong>on 15 January 2025, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/70.pdf\" style=\"\" rel=\"noopener\">Nasdaq disclosure (pdf)<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99354\" 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=\"99354\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/uae-explores-trade-and-investment-cooperation-with-paraguay-pakistan-and-uzbekistan\/\">\r\n                            UAE explores trade and investment cooperation with Paraguay, Pakistan and Uzbekistan                        <\/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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<\/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\/2025\/01\/06\/uae-explores-trade-and-investment-cooperation-with-paraguay-pakistan-and-uzbekistan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/91.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99355\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/06\/uae-explores-trade-and-investment-cooperation-with-paraguay-pakistan-and-uzbekistan\/91-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/91.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"91.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/91.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/91.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99354\" class=\"content-area-description single-story post-99354 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-uae tag-investment tag-trade tag-uae-pakistan-relations tag-uae-paraguay-relations 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\/2025\/1\/.d0e15590-b4dc-4329-9c55-81dae5b57c96.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE eyes cooperation with Paraguay ahead of Mercosur trade agreement: <\/strong>Foreign Affairs Minister Sheikh Abdullah bin Zayed Al Nayhan met with his Paraguayan counterpart Rub\u00e9n Ram\u00edrez Lezcano in Abu Dhabi, where they discussed ways to increase economic, trade and investment cooperation between the two countries, Wam <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bhhk33y-abdullah-bin-zayed-paraguays-foreign-minister\" style=\"\" rel=\"noopener\">reported<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI: <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5900a852-53a5-41c8-bd52-a773abca1931\/uae-inks-transport,-agriculture-agreements-with%253cmark%253e-paraguay%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Last year<\/a> the UAE inked an MoU with Paraguay focusing on bilateral partnerships in transportation, logistics, sustainability, the economy and infrastructure development. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This comes as discussions for a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/60c104fb-5036-4ed3-b4b0-3c40bc0e4b0c\/this-morning:-amman-stock-exchange-joins-tabadul-%2B-uae-mercosur-trade-agreement-in-2025%3F\" style=\"\" rel=\"noopener\">UAE-Mercosur<\/a><\/strong><strong> trade agreement are ongoing<\/strong>, with Brazilian President Luiz Inacio Lula da Silva telling UAE President Sheikh Mohamed bin Zayed Al Nahyan during a phone call that Brazil will push to finalize the agreement in the next few months, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/americas\/brazil-work-toward-mercosur-uae-deal-coming-months-lula-tells-uae-president-2024-12-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a statement by Brazil\u2019s presidency. International Cooperation Minister Reem bint Ebrahim Al Hashimy visited Uruguay <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5900a852-53a5-41c8-bd52-a773abca1931\/uae-inks-transport,-agriculture-agreements-with-paraguay\" style=\"\" rel=\"noopener\">in July<\/a> to review the progress of the negotiations for the agreement.<\/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>UAE, Pakistan talk boosting economic and trade cooperation: <\/strong>President Sheikh Mohamed bin Zayed Al Nahyan met with Pakistani Prime Minister Muhammad Shehbaz Sharif yesterday to discuss ramping up bilateral cooperation, focusing on economic, trade, investment, and developmental fields, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bhjce8j-uae-president-meets-with-prime-minister-pakistan\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The leaders also exchanged views on \u201cregional and international issues of common interest,\u201d the statement reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- <\/strong>Al Nahyan also phoned Uzbekistan\u2019s Foreign Minister Bakhtiyor Saidov to review economic, trade and investment collaboration, Wam <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bhhk3tn-abdullah-bin-zayed-uzbekistans-foreign-minister\" style=\"\" rel=\"noopener\">reported<\/a>.<\/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>ALSO-<\/strong> <strong>Al Nahyan hosted Saudi Defense <\/strong><strong>Minister Prince Khalid bin Salman bin Abdulaziz Al Saud at Qasr Al Shati in Abu Dhabi<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/14aou8h-uae-president-receives-prince-khalid-bin-salman\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Discussions focused on strengthening UAE-Saudi relations and enhancing cooperation across sectors. They also addressed regional developments and emphasized the importance of joint efforts to bolster security in the region.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-pakistan-relations\/\">UAE-Pakistan relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/uae-paraguay-relations\/\">UAE-Paraguay relations<\/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=\"99356\" 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\/2025\/01\/06\/99356-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99356\" class=\"content-area-description single-story post-99356 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;\">JANUARY <\/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>13-16 January (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dipmf.ae\/en\/\" style=\"\">The Dubai International Project Management Forum<\/a><\/span><span style=\"font-weight:400;\">, Madinat Jumeirah. <\/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:\/\/register.worldfutureenergysummit.com\/reg-start.aspx?utm_source=google_search&utm_medium=ppc&utm_campaign=wfes25_visitor_campaign&utm_id=digitas&utm_term=prospecting&utm_content=brand&gad_source=1&gclid=CjwKCAiAg8S7BhATEiwAO2-R6n6OhBVBKWVPzYTZYa88eHcBZxe3p9_hvwFvZtZssMdQWpUCHXNDnhoC4ycQAvD_BwE\" style=\"\">The EcoWaste Exhibition and Forum<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Center, 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>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\/press\/press-releases\/all\/23-12-20241.html\" style=\"\">Intersec 2025<\/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>21 January (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/globalgovernmentcloudforum.com\/\" style=\"\">The Global Government Cloud Forum<\/a><\/span><span style=\"font-weight:400;\">, the Museum of the Future, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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 <\/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 (Sunday-Saturday): <\/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>17-21 February (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.idexuae.ae\/\" style=\"\">International Defence Exhibition (IDEX)<\/a><\/span><span style=\"font-weight:400;\"> in 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>17-21 February (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.navdex.ae\/\" style=\"\">Naval Defence Exhibition (NAVDEX)<\/a><\/span><span style=\"font-weight:400;\"> in 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>19-21 February (Wednesday-Friday):<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/idctconference.org\/\" style=\"\">International Dialogue of Civilizations & Tolerance Conference<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi Energy Centre. <\/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 <\/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 <\/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>21-25 April (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/december\/19-12\/dubai-ai-week\" style=\"\">The Dubai AI Week<\/a><\/span><span style=\"font-weight:400;\">, Museum of the Future and Area 2071, Emirates Towers, Dubai. <\/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 <\/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>15 May (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2024\/12\/2146.pdf\" style=\"\">The Economy Middle East Summit<\/a><\/span><span style=\"font-weight:400;\">, ADGM, Abu Dhabi.<\/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 <\/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;\">Signposted to happen sometime in 2H 2025:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">Closing of XRG's acquisition of Covestro<\/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;\">JULY <\/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 <\/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 <\/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 <\/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 <\/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>1-5 December (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wfns2025.org\/\" style=\"\">The World Congress of Neurosurgery<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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>United Nations Water Conference 2026, UAE<\/span> <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Abu Dhabi\u2019s GDP grew 4.5% in 3Q 2024 | Mashreq nabs license from Pakistan\u2019s central bank | Mubadala trumps PIF as most active SWF<\/p>\n","protected":false},"featured_media":99331,"menu_order":0,"template":"","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-99330","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c869c18f-fcfb-4d43-9b11-41997dc629ca","teaser":"Abu Dhabi\u2019s GDP grew 4.5% in 3Q 2024 | Mashreq nabs license from Pakistan\u2019s central bank | Mubadala trumps PIF as most active SWF","photo_url":"https:\/\/ent.news\/2024\/5\/210.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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