{"id":99472,"date":"2025-01-09T00:00:00","date_gmt":"2025-01-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=99472"},"modified":"2025-12-15T02:30:54","modified_gmt":"2025-12-15T02:30:54","slug":"emirates-nbd-fab-aldar-tap-debt-markets-in-new-year-debt-rush","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/emirates-nbd-fab-aldar-tap-debt-markets-in-new-year-debt-rush\/","title":{"rendered":"Emirates NBD, FAB, Aldar tap debt markets in new year debt rush"},"content":{"rendered":"<section id=\"99474\" 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=\"99474\">\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\/09\/this-morning-emirates-nbd-reportedly-eyes-acquisition-of-egypts-banque-du-caire-maf-shutters-carrefour-stores-in-oman\/\">\r\n                            THIS MORNING: Emirates NBD reportedly eyes acquisition of Egypt\u2019s Banque du Caire + MAF shutters Carrefour stores in Oman                        <\/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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<img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/899.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99475\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/09\/this-morning-emirates-nbd-reportedly-eyes-acquisition-of-egypts-banque-du-caire-maf-shutters-carrefour-stores-in-oman\/899-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/899.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"899.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/899.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/899.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99474\" class=\"content-area-description single-story post-99474 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-aviation tag-banking tag-debt tag-emirates-nbd tag-enterpriseam-uae tag-first-abu-dhabi-bank tag-ma tag-majid-al-futtaim tag-retail tag-sharjah tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.7eeae023-1803-4cda-9aa3-5809d925deb0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, wonderful people. <\/strong>It seems we\u2019re back to the regular fire hose of news typical of the UAE as we near the end of the first full workweek of the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE corporates are rushing to debt markets to kick off the new year<\/strong>, with First Abu Dhabi Bank eyeing another sukuk issuance, Aldar pricing its hybrid notes, and Emirates NBD issuing USD 700 mn notes. Plus: We have more investment news from the Abu Dhabi Investment Authority and Mubadala, as well as plans for further investments from Adnoc Logistics &amp; Services. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Venture capital funding dried up in 2024<\/strong> \u2014 though the UAE still came out of the year with the most funding rounds in the region. We have more in the news well, below. <\/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\">\u2601\ufe0f<strong>WEATHER-<\/strong><strong> Expect some rain today: <\/strong>The National Center of Meteorology <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/360.pdf\" style=\"\" rel=\"noopener\">forecasts (pdf)<\/a> partly cloudy conditions in northern, eastern, and coastal areas today, with a chance of rainfall. Temperatures will hit 24\u00b0C in Dubai, with an overnight low of 16\u00b0C, and 21\u00b0C in Abu Dhabi, before cooling to an overnight low of 19\u00b0C, with rain expected in the early hours of the day.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1- Emirates NBD is reportedly considering the acquisition of a controlling sta<\/strong><strong>ke in Egyptian state-owned bank Banque du Caire<\/strong>, with informed sources quoted as telling Egyptian outlet <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%a7%d9%84%d8%a5%d9%85%d8%a7%d8%b1%d8%a7%d8%aa-%d8%af%d8%a8%d9%89-%d8%a7%d9%84%d9%88%d8%b7%d9%86%d9%89-%d9%8a%d8%b3%d8%aa%d8%b9%d8%af-%d9%84%d9%84%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> that the bank is currently in the final stages of due diligence, with the acquisition expected to go through in 1Q 2025. A senior banking source told EnterpriseAM that multiple offers from investors and banks are currently under consideration, but refused to name any of the interested parties as all discussions remain in the early stages.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context: <\/strong>The Egyptian government is on a privatization drive, with BdC among 10 names in which the state has been planning to offer stakes. It wouldn\u2019t be the first time an Emirati investor shows interest in local Egyptian banks: The UAE\u2019s largest lender \u2014 FAB \u2014 made a run at EFG Hermes back in 2022, while Dalia Khorshid has restored Beltone\u2019s mojo, strategic ambitions, and profitability in the two years since the investment bank was acquired by Abu Dhabi\u2019s Chimera. Chimera also took stakes in high-profile non-bank financial services outfits including GB Lease and MNT Investments.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>#2-<\/strong> <strong>Majid Al Futtaim shut down its Carrefour operations in Oman as of 7 January<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/1M1uMh6KXY\/\" style=\"\" rel=\"noopener\">Facebook post<\/a>. The retail operator giant has held rights to the brand in the Mena region since 1995 and the chain had stores in key locations in Oman.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>While the Dubai-based conglomerate did not specify a reason for the closure, it follows the shutting down of its Jordanian stores <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\">in November<\/a> on the back of <a target=\"_blank\" href=\"https:\/\/bdsmovement.net\/boycott-carrefour\" style=\"\" rel=\"noopener\">pressure<\/a> from the Boycott, Divestment, and Sanctions (BDS) movement for its perceived stance on the Gaza conflict. The stores were replaced by Hypermax \u2014 a retail chain selling locally sourced products. <a target=\"_blank\" href=\"https:\/\/gulfbusiness.com\/carrefour-oman-maf-hypermax\/\" style=\"\" rel=\"noopener\">Gulf Business<\/a> cited reports that Hypermax would also replace Oman\u2019s Carrefour outlets.<\/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- UAE, Malaysia could finalize trade agreement next week: <\/strong>Malaysia plans to sign a trade agreement with the UAE next week, Malaysia\u2019s Investment, Trade and Industry Minister Tengku Zafrul Aziz told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/66107\/%D8%AA%D9%88%D9%82%D9%8A%D8%B9-%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9-%D8%AD%D8%B1%D8%A9-%D8%A8%D9%8A%D9%86-%D9%85%D8%A7%D9%84%D9%8A%D8%B2%D9%8A%D8%A7-%D9%88%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%A3%D8%B3%D8%A8%D9%88%D8%B9-%D8%A7%D9%84%D9%82%D8%A7%D8%AF%D9%85\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. UAE Foreign Trade Minister Thani bin Ahmed Al Zeyoudi concluded negotiations with Aziz <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/141eb91a-5792-44eb-939f-75123f040b69\/uae-and%253cmark%253e-malaysia%253c%2Fmark%253e-finalize-trade-talks\" style=\"\" rel=\"noopener\">in October<\/a> regarding an economic partnership between the two countries. The agreement aims to eliminate or reduce tariffs, decrease trade barriers, and boost mutual investments.<\/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- <\/strong><strong>The <\/strong><strong>UAE\u2019s sovereign wealth funds are expected to continue to lead the trend of <\/strong><strong>state-owned investors rushing into private equity and credit markets<\/strong>, Global SWF said in a report picked up by <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/investment\/wealth-fund-investments-in-private-equity-credit-markets-set-to-grow-in-2025-bx21vgei\" style=\"\" rel=\"noopener\">Zawy<\/a><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/investment\/wealth-fund-investments-in-private-equity-credit-markets-set-to-grow-in-2025-bx21vgei\" style=\"\" rel=\"noopener\">a<\/a>. Sovereign wealth funds from the region are at the forefront of the private credit trend, Global SWF said, with ADIA anchoring several initiatives, including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8dfd2a16-f390-4a13-a3de-86ab7a1e28b6\/adia-backs-sc-lowy%25e2%2580%2599s-south-korean-real-estate-fund\" style=\"\" rel=\"noopener\">Pemberton\u2019s USD 1 bn net asset value financing strategy<\/a> and a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8dfd2a16-f390-4a13-a3de-86ab7a1e28b6\/adia-backs-sc-lowy%25e2%2580%2599s-south-korean-real-estate-fund\" style=\"\" rel=\"noopener\">South Korean real estate credit fund managed by alternative asset manager SC Lowy<\/a>. Mubadala has also agreed to co-invest <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/42cb5948-afc5-4bb0-b1cf-4b5305d243ac\/mubadala-%25f0%259f%2592%2597%253cmark%253e-private-credit%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">USD 1 bn with Goldman Sachs across APAC<\/a>, and set up a mult-bn USD private credit platform targeting middle-market companies in the US with Apollo Global.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Mubadala was the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f3a36a74-3b24-45d9-9c5c-1267d96bfa37\/abu-dhabi%25e2%2580%2599s-mubadala-was-the-world%25e2%2580%2599s-biggest-spending-swf-in-2024\" style=\"\" rel=\"noopener\">lead SWF<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f3a36a74-3b24-45d9-9c5c-1267d96bfa37\/abu-dhabi%25e2%2580%2599s-mubadala-was-the-world%25e2%2580%2599s-biggest-spending-swf-in-2024\" style=\"\" rel=\"noopener\">investor<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f3a36a74-3b24-45d9-9c5c-1267d96bfa37\/abu-dhabi%25e2%2580%2599s-mubadala-was-the-world%25e2%2580%2599s-biggest-spending-swf-in-2024\" style=\"\" rel=\"noopener\"><\/a> in 2024, deploying USD 29.2 bn across 52 transactions \u2014 rising 67% y-o-y. Meanwhile, Adia invested in <a target=\"_blank\" href=\"https:\/\/www.adia.ae\/en\/pr\/2023\/private-equity.html\" style=\"\" rel=\"noopener\">Corient<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ec986dcc-5985-4770-9ee6-7fa85e296605\/adia-%2B-advent-international-to-snag-minority-stake-in%253cmark%253e-fisher-investments%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Fisher Investments<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/acc121ed-72c7-48e7-982f-6619378fed96\/adia-backed-consortium-offers-eur-14-bn-to-take-over-db-schenker\" style=\"\" rel=\"noopener\">Hargreaves Lansdown<\/a>. ADQ invested in Sagard and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3e59f622-c561-4bbc-8dfd-4cddff155d03\/dubai-airports-are-officially-back-to-normal-%2B-adq-to-buy-usd-1-bn-stake-in-australian-asset-manager\" style=\"\" rel=\"noopener\">Plenary Group<\/a>, while Mubadala acquired interests in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/838afd60-92a5-47bc-95e3-f96fd0b778b7\/mubadala-capital-to-take-canada%25e2%2580%2599s-ci-financial-private-in-usd-3.4-bn-transaction\" style=\"\" rel=\"noopener\">CI Financial, Fortress,<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d9d99b28-e73e-439a-b9d2-ca8fb30b2e65\/mubadala-subsidiaries-acquire-stakes-in%253cmark%253e-silver%253c%2Fmark%253e%253cmark%253e-rock%253c%2Fmark%253e,-zelis\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d9d99b28-e73e-439a-b9d2-ca8fb30b2e65\/mubadala-subsidiaries-acquire-stakes-in%253cmark%253e-silver%253c%2Fmark%253e%253cmark%253e-rock%253c%2Fmark%253e,-zelis\" style=\"\" rel=\"noopener\">Silver Rock<\/a>.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#5- Adia consortium closes in on Malaysia Airports privatization: <\/strong>A consortium comprising Abu Dhabi Investment Authority (Adia), Global Infrastructure Partners (GIP), Khazanah Nasional Berhad, Malaysia\u2019s Employees Provident Fund (EPF), and BlackRock secured an 84.1% stake in Malaysia Airports, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/consortium-offering-take-over-malaysia-airports-secures-841-stake-2025-01-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The group is advancing towards the 90% threshold required for privatization, after its stake rose to 70.08% <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5c85b1c0-c6b8-4dfc-9bff-444934050f13\/this-morning:-deadline-for-acceptance-of-adia-consortium%25e2%2580%2599s-bid-for%253cmark%253e-malaysia%253c%2Fmark%253e-airports-extended-%2B-patent-registration-to-get-easier%3F\" style=\"\" rel=\"noopener\">earlier this week<\/a>, up from 40.85% in December. The deadline for shareholder acceptance was recently extended to 17 January from the original deadline of 8 January. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The consortium made an offer in May 2024 to acquire shares in Malaysia Airports at RM 11 each, valuing it at RM 18.4 bn (USD 4.1 bn). In November, the consortium <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/86b120c9-0dd8-43e7-a029-eef70459df0d\/adia-closes-in-on-a-slice-of-malaysia-airports\" style=\"\" rel=\"noopener\">submitted the formal conditional offer<\/a> proposing that Adia and GIP acquire a 30% stake in Malaysia Airports, while the two Malaysian investors would collectively hold 70%. The consortium plans to upgrade infrastructure, enhance connectivity, and improve services, stating that privatization would better support these objectives.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#6- First Abu Dhabi Bank (FAB) is preparing to sell soured loans worth USD 800 m<\/strong><strong>n <\/strong><strong>to Deutsche Bank<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-08\/deutsche-to-buy-bad-loan-portfolio-from-first-abu-dhabi-bank\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing unnamed sources. The German lender outbid other international entities including US hedge funds for the non-performing loan portfolio, though the final sale price remains undisclosed.<\/p>\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#1- The UAE\u2019s passport landed in the 10th spot on the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/370.pdf\" style=\"\" rel=\"noopener\">Henley Passport Index 2025<\/a><\/strong> <strong> for <\/strong><strong>the world\u2019s strongest passports<\/strong>, moving one place down after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2d2b9834-6f34-468d-a011-25fc934bdd45\/flydubai-eyes-biggest-aircraft-order-following-boeing-delays-%2B-uae%25e2%2580%2599s-passport-is-the-ninth-most-powerful-in-the-world--%253cmark%253ehenley%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">ranking ninth<\/a> in July last year, with access to 185 countries without a visa. The UAE shared the spot with Latvia, Lithuania, and Slovenia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Five Emirati banks made it to S&amp;P Global\u2019s list of the Middle East\u2019s largest banks by <\/strong><strong>market cap in 4Q 2024<\/strong>, with the five banks having an aggregate market cap of USD 126 bn, <a target=\"_blank\" href=\"https:\/\/www.alkhaleej.ae\/2025-01-07\/126-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%A7%D9%84%D9%82%D9%8A%D9%85%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%82%D9%8A%D8%A9-%D9%84%D8%A3%D9%83%D8%A8%D8%B1-5-%D8%A8%D9%86%D9%88%D9%83-%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9\/%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF\" style=\"\" rel=\"noopener\">Al Khaleej<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> First Abu Dhabi Bank led the pack, coming in fourth place with a market cap of USD 41.3 bn, followed by Emirates NBD in the sixth spot with USD 36.9 bn. Meanwhile, Abu Dhabi Commercial Bank\u2019s market cap of USD 20.8 bn put it in the 10th spot, Dubai Islamic Bank was listed at the 17th spot with a market cap of USD 14 bn, and Abu Dhabi Islamic Bank brought up the rear for the Emirati banks in 19th place with USD 13.7 bn.<\/p>\n<p class=\"tag-border-left\">PSAs-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Drone hobbyists in most emirates will now be able to take to the skies<\/strong> after the Interior Ministry lifted its conditional ban on drone use for individuals on 7 January, it said in a <a target=\"_blank\" href=\"https:\/\/moi.gov.ae\/en\/media.center\/news\/010725n01.aspx\" style=\"\" rel=\"noopener\">statement<\/a>. The ban was not lifted in Dubai, Khaleej Times reports, adding that drone operations fall under the jurisdiction of the Dubai Civil Aviation Authority in the emirate. For detailed guidelines, the green zones designated for recreational flights, and to register your drone, you can check out the <a target=\"_blank\" href=\"https:\/\/drones.gov.ae\/\" style=\"\" rel=\"noopener\">UAE Drones app<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Motorists in Sharjah can now remotely request inspection services for their private <\/strong><strong>vehicles via a new service <\/strong>launched by the Sharjah Police in collaboration with Rafid Automotive Solutions, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bhl4p2f-sharjah-police-launches-remote-vehicle-renewal\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The service is available for private vehicles with Sharjah plates that are under eight years old and have passed a technical inspection within the last 18 months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it works:<\/strong> Users can use the Rafid app\u2019s Remote Inspection feature to upload photos of their vehicles to show they are accident-free. <\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The <\/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> kicked off yesterday and runs through tomorrow <\/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. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong><a target=\"_blank\" href=\"https:\/\/duphat.ae\/visitorregistration\/?gad_source=1&amp;gclid=CjwKCAiAm-67BhBlEiwAEVftNn5BGwODnX9JoNb3rnIdG9w7eE3leetlsEkNb0XO0ub6IoVKg7jFwBoCOecQAvD_BwE\" style=\"\" rel=\"noopener\">Dubai International Pharma &amp; Technologies Conference and Exhibition<\/a><\/strong><strong>(DUPHAT) kicked off yesterday<\/strong> at the Dubai World Trade Center. DUPHAT, which wraps up on Thursday, will feature scientific sessions, workshops, and scientific poster presentations from university students. Additionally, it will feature Vita Show Dubai, showcasing innovations in nutritional supplements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Sharjah Consultative Council will discuss a draft law on corporate tax for <\/strong><strong>the <\/strong><strong>emirate\u2019s natural resources<\/strong> in its upcoming session tomorrow, <a target=\"_blank\" href=\"https:\/\/sharjah24.ae\/en\/Articles\/2025\/01\/07\/nk5\" style=\"\" rel=\"noopener\">Sharjah 24<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The council\u2019s Financial, Economic and Industrial Affairs Committee <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/31bc3313-3ead-47b1-9e1e-8a8a7bca7941\/sharjah-proposes-new-law-to-tax%253cmark%253e-natural-resource%253c%2Fmark%253e-companies\" style=\"\" rel=\"noopener\">had reviewed a draft law proposing taxation<\/a> on companies involved in natural resource activities in the emirate late last month. The law targets companies involved in both extractive activities \u2014 such as oil, gas, and coal \u2014 and non-extractive natural resources. The committee was set to submit the draft law\u2019s final report to the Advisory Council for approval.<\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The foreign press has its attention squarely split between the raging wildfires in Los <\/strong><strong>Angeles and minutes from the US Federal Reserve\u2019s latest meeting<\/strong> \u2014 plus a global bond sell-off triggered by threats of tax cuts and tariffs from US president-elect Donald Trump. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- More than 100k people in Los Angeles have evacuated as wildfires swept across the state<\/strong>, killing at least five people. The fires were spurred further on by blowing winds that impacted firefighting operations and damaged some electric infrastructure, leaving mns of houses without power. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/palisades-fire-live-tens-thousands-flee-wildfires-rage-los-angeles-2025-01-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/live\/2025\/jan\/08\/california-los-angeles-fires-live-updates\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2fc610b7-d8dd-445b-a163-b6dbfe0951e6\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/us-news\/pacific-palisades-fire-los-angeles-update-d990ea4e?mod=WSJ_home_mediumtopper_pos_1\" style=\"\" rel=\"noopener\">WSJ<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Federal Reserve is looking more likely to slow down \u2014 or completely pause \u2014 interest rate cuts<\/strong>, with the minutes from its latest meeting showing growing concern over rising inflation in light of Trump\u2019s plan for tariffs and tax cuts. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d4d2ee21-f124-48bb-ae38-983ac159b470\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/fed-minutes-may-begin-show-hurdle-further-rate-cuts-2025-01-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/01\/08\/fed-minutes-january-2025.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Also a result of Trumponomics: Selloffs in the global bond market are pushing yields to new highs<\/strong>, with the 10-year US Treasury yield reaching close to the 5% peak hit in October 2023, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-08\/key-us-treasury-yields-approach-2023-peaks-with-5-in-sight?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Emerging markets are also seeing the busiest start of year for bond sales on record, with some USD 26 bn in bond issuances in the first week of the year, as issuers look to lock in funds before Trump takes office and implements potentially damaging trade policies, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-08\/trump-policy-jitters-spur-record-26-billion-bond-flurry-in-em?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports separately. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Also getting attention: The Lebanese parliament looks set to elect army chief Joseph Aoun as president <\/strong>when it meets today in the latest bid to end an over two-year presidential vacuum. Hezbollah\u2019s preferred candidate, Suleiman Frangieh, pulled out of the race on Wednesday and endorsed Aoun. (<a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/lebanon-president-parliament-election-aoun-8bfd381e918f3508dd7b68588a8d5270\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/with-hezbollah-weakened-lebanon-hold-presidential-vote-2025-01-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/01\/08\/world\/middleeast\/lebanon-politics-president-parliament-vote.html\" style=\"\" rel=\"noopener\">NYT<\/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. 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<\/a>\r\n\r\n                \n<article id=\"post-99477\" class=\"content-area-description single-story post-99477 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-aldar-properties tag-debt-watch tag-emirates-nbd tag-enterpriseam-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.fe2e917c-b914-4b2d-9475-7d690844ac28.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE corporates are kicking off the year with a rush to debt markets<\/strong>, with Emirates NBD set to issue USD 700 mn notes on the Taipei Exchange, FAB issuing sukuk, and Aldar pricing its USD-denominated Reg S hybrid subordinated notes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Emirates NBD has issued<\/strong><strong> USD 700 mn senior unsecured five-year notes<\/strong>, which will be listed on the Taipei Exchange, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/capital-markets\/equities\/dubai-listed-emirates-nbd-prices-five-year-notes-to-list-on-tapei-stock-exchange-uv9chxos\" style=\"\" rel=\"noopener\">Zawya<\/a> reports. The lender set the final pricing guidance at the Secured Overnight Financing Rate (SOFR) plus 110 bps, with denominations of USD 200k and increments of USD 1k beyond that. Settlement is scheduled for 22 January, with the issuance maturing on 22 January 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Australian and New Zealand Banking Group (ANZ) in Taipei, and Standard Chartered Taiwan are acting as joint managers. Emirates NBD Capital is the structuring agent.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Aldar prices USD hybrid notes: <\/strong>Aldar Properties has started marketing its USD-denominated Reg S hybrid subordinated notes, pricing the issuance in the low 7% area, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/capital-markets\/bonds\/aldar-properties-3025nc725-hybrid-ipts-at-low-7-area-ifr-q244nkjp\" style=\"\" rel=\"noopener\">IFR<\/a> reports. The bonds, which have a 30.25 tenor, and are callable in 7.25 years, include a 500 basis point (bp) step-up if not called. The issuance was rated by Moody's one notch below Aldar's Baa3 issuer rating at Baa2.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Aldar Properties tapped banks <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b74ab654-cff4-4279-9212-c6558858afce\/%253cmark%253ealdar%253c%2Fmark%253e-taps-banks-for-benchmark-sized-hybrid-notes\" style=\"\" rel=\"noopener\">earlier this week<\/a> as it was preparing to issue the benchmark-sized Reg S hybrid subordinated notes. The company plans to use the proceeds from the bond issuance for general corporate purposes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Citi was appointed as the sole structuring advisor, global coordinator, and joint bookrunner. Our friends at Mashreq, along with Abu Dhabi Commercial Bank, Bank of China, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, IMI-Intesa Sanpaolo, JP Morgan, Rakbank, and Standard Chartered Bank, are also serving as joint lead managers and bookrunners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Meanwhile<\/strong><strong>, First Abu Dhabi Bank subsidiary FAB Sukuk<\/strong> is issuing a five-year unsecured USD sukuk as part of its USD 5 bn trust certificate program, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/economy\/islamic-economy\/abu-dhabis-fab-sukuk-company-prices-sukuk-in-5bln-programme-k582omfq\" style=\"\" rel=\"noopener\">press release<\/a>. The sukuk is set to be listed on the London Stock Exchange. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The bank is set to settle the Islamic bond on 16 January. Initial price thoughts are T+100 bps, with the profit rate to be decided or based on a 30\/360 day count convention. The size of the issuance has not been disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- FAB was also the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/626e7d62-254f-4586-9c68-337ee975c47a\/first-abu-dhabi-bank-takes-usd-700-mn-sukuk-to-market,-the-first-sukuk-of-2024\" style=\"\" rel=\"noopener\">first to issue sukuk globally in 2024<\/a><\/strong><strong>, <\/strong>taking a five-year USD 800 mn issuance to market at 85 bp over US treasuries, good for an all-in yield of nearly 4.8%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, FAB, Industrial and Commercial Bank of China, Jeddah-based Islamic Corporation for the Development of the Private Sector, and Standard Chartered were appointed as joint lead managers and book runners.<\/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\/aldar-properties\/\">Aldar Properties<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/emirates-nbd\/\">Emirates NBD<\/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=\"99479\" 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=\"99479\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/09\/adia-completes-usd-733-4-mn-investment-in-gmr-group-mubadala-makes-another-investment-in-biotech\/\">\r\n                            Adia completes USD 733.4 mn investment in GMR Group + Mubadala makes another investment in biotech                        <\/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\/09\/adia-completes-usd-733-4-mn-investment-in-gmr-group-mubadala-makes-another-investment-in-biotech\/\" 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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USD 733.4 mn) debt investment in Indian infrastructure firm and airport operator <a target=\"_blank\" href=\"https:\/\/www.gmrgroup.in\/\" style=\"\" rel=\"noopener\">GMR Group<\/a>, the firm said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/358.pdf\" style=\"\" rel=\"noopener\">filing (pdf)<\/a> on the Indian stock exchange. The investment comes in the form of optionally convertible debentures, which can be converted into equity based on specific conditions later down the line. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Adia received the greenlight from India\u2019s competition watchdog for the debt subscription <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a0a751a7-5133-419f-8caa-13e422350794\/this-morning:-mair-group-sets-reference-price-for-adx-listing-%2B-could-redbird-still-hold-onto-the-telegraph%3F\" style=\"\" rel=\"noopener\">last month<\/a> as GMR Group looks to refinance its external debt \u2014 which reached INR 44.8 bn (c. USD 532.5 mn) as of December \u2014 and reduce pledged shareholding in its airport business. The transaction saw a GMR Group special purpose vehicle acquire a 9% stake in GMR\u2019s airport unit GMR Airports, in order to pledge it to Adia to secure its subscription, the company said in a previous filing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Mubadala Capital led a USD 200 mn funding round for the newly launc<\/strong><strong>hed bi<\/strong><strong>otech <\/strong><strong>company Tenvie Therapeutics<\/strong>, alongside Arch Venture Partners and F-Prime Capital, according to a <a target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/01\/08\/3006209\/0\/en\/Tenvie-Therapeutics-Launches-with-200-Million-to-Deliver-Breakthrough-Small-Molecule-Therapies.html\" style=\"\" rel=\"noopener\">press release<\/a>. Mubadala now has a representative on Tenvie\u2019s board, alongside the other investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where the money will go: <\/strong>Tenvie, focused on transforming the treatment of neurological diseases, plans to use the fresh funding to advance multiple assets into clinical stages, including candidates in the investigational new drug-enabling phase. The company acquired several small-molecule assets from Denali Therapeutics, with former Denali senior VP Tony Estrada now serving as Tenvie\u2019s CSO and president.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mubadala is big on healthtech and biotech firms:<\/strong> The sovereign wealth fund\u2019s Kelix Bio acquired four pharma assets from GlobalOne Healthcare Holding back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0643f3ca-05a7-41a2-821e-969ccdf3761f\/%253cmark%253emubadala%253c%2Fmark%253e-owned-kelix-bio-acquires-four-globalone-healthcare%253cmark%253e-pharma%253c%2Fmark%253e-assets\" style=\"\" rel=\"noopener\">October<\/a>, including biopharma and IV solutions manufacturing companies Bioventure, Bioventure Healthcare, Gulf Inject, and Wellpharma. It also finalized its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d9d99b28-e73e-439a-b9d2-ca8fb30b2e65\/mubadala-subsidiaries-acquire-stakes-in-silver-rock,%253cmark%253e-zelis%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">acquisition of a minority stake in US-based healthtech Zelis<\/a> earlier in December, and acquired Belgian biopharma firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/666153cd-f82e-4fed-be17-53232488fc86\/%253cmark%253emubadala%253c%2Fmark%253e-snaps-up-ucb%25e2%2580%2599s-neurology,-allergy-business-in-china-for-usd-680-mn\" style=\"\" rel=\"noopener\">UCB \u2019s carved out neurology and allergy business in China<\/a> in a transaction worth USD 680 mn alongside Singapore-based healthcare-focused asset manager <a target=\"_blank\" href=\"https:\/\/www.cbridgecap.com\/\" style=\"\" rel=\"noopener\">CBC Group<\/a> in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/666153cd-f82e-4fed-be17-53232488fc86\/%253cmark%253emubadala%253c%2Fmark%253e-snaps-up-ucb%25e2%2580%2599s-neurology,-allergy-business-in-china-for-usd-680-mn\" style=\"\" rel=\"noopener\">August<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-investment-authority-adia\/\">Abu Dhabi Investment Authority (ADIA)<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/gmr-group\/\">GMR Group<\/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\/investment-watch\/\">INVESTMENT 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=\"99481 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=\"99481\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/09\/99481-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99481\" class=\"content-area-description single-story post-99481 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=\"99482\" 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=\"99482\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/09\/adnoc-ls-finalizes-acquisition-of-80-stake-in-navig8-secures-more-funds-for-further-investments-shuaa-offloads-saudi-assets\/\">\r\n                            Adnoc L&amp;S finalizes acquisition of 80% stake in Navig8, secures more funds for further investments  + Shuaa offloads Saudi assets                        <\/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        <!-- 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photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/292.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99483\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/09\/adnoc-ls-finalizes-acquisition-of-80-stake-in-navig8-secures-more-funds-for-further-investments-shuaa-offloads-saudi-assets\/292-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/292.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"292.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/292.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/292.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99482\" class=\"content-area-description single-story post-99482 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-adnoc-logistics tag-debt tag-debt-watch tag-divestment-watch tag-enterpriseam-uae tag-ma-watch tag-shuaa-capital 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\/.bd0cb04e-b4a8-4ab3-9d7f-0e094cd9384e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Adnoc closes Navig8 acquisition, secures more funding for investments: <\/strong>Adnoc L&S has finalized its acquisition of an 80% stake in Navig8 in a USD 1.04 bn transaction, with a contractual agreement to acquire the remaining 20% in mid-2027 for between USD 335 mn and USD 450 mn, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/343.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The remaining 20% is contingent on EBITDA delivery ad-interim, payable at that time, the statement added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc\u2019s logistics arm also inked a USD 1.1 bn to USD 2 bn hybrid capital instrument (HCI) to fund its investments<\/strong>, with nearly USD 1 bn of the HCI used to fund the acquisition of Navig8, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/347.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. That first drawdown bears an all-in pricing below the Secured Overnight Financing Rate (SOFR) plus 150 basis points. The remaining USD 900 mn will be available to be drawn by 31 December 2026 to fund new \u2014 and previously announced \u2014 investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> The facility was arranged and led by Societe Generale, with participation from Abu Dhabi Commercial Bank, First Abu Dhabi Bank, Cr\u00e9dit Agricole Corporate and Investment Bank, BBVA and DBS Bank.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The acquisition is a boon for Adnoc L&S: <\/strong>The first full financial year following the acquisition is expected to see a minimum 20% boost to Adnoc L&S\u2019 earnings per share in 2025, the statement said. The acquisition will also boost <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e8e162f2-bb47-42db-8e47-73970f18b93f\" style=\"\" rel=\"noopener\">Adnoc L&S\u2019 services portfolio<\/a> to include bunker trading, pooling, and other services, and expand its footprint to Navig8\u2019s 15 global locations. It is also expected to save Adnoc L&S some USD 100 mn per year in technical management costs and costs associated with bunkering operations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The European Commission approved Adnoc L&S\u2019 acquisition of an 80% stake in Navig8 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/697d28fa-6622-4288-a831-20afa92b919d\" style=\"\" rel=\"noopener\">back in December<\/a> and its subsidiary Integr8 for USD 1 bn, with a deferred payment for the remaining 20% in 2027. <\/p>\n<p class=\"tag-border-left\">OTHER M&A NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shuaa offloads Saudi hospitality assets: <\/strong>Shuaa Capital sold its Saudi hospitality asset portfolio, managed by its subsidiary Shuaa Capital Saudi Arabia, to Sumou Holding for SAR 515 mn (c. AED 504 mn), according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/386.pdf\" style=\"\" rel=\"noopener\">DFM disclosure (pdf)<\/a>. The portfolio comprises three hospitality assets in Riyadh, Jeddah, and Dammam. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What Shuaa stands to gain:<\/strong> Shuaa, which holds a 33% stake in the portfolio, expects to generate AED 19.6 mn in proceeds from the transaction, to be allocated toward reducing liabilities and strengthening its balance sheet, the statement reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Shuaa has been undergoing major restructuring after substantial losses in 2023. <\/strong>Shuaa reached an agreement with bondholders in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/45e7e740-359e-4d17-9f86-21bf01480bbd\/%253cmark%253eshuaa%253c%2Fmark%253e-capital-restructures-usd-150-mn-debt\" style=\"\" rel=\"noopener\">April<\/a> to extend the payment terms for some USD 150 mn worth of bonds, and appointed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b5114566-9a3a-4b31-86e9-e02471193f87\/%253cmark%253eshuaa%253c%2Fmark%253e-capital-%2B-sharjah-ins.-have-new-chairmen\" style=\"\" rel=\"noopener\">a new management team<\/a> with Wafik Ben Mansou as CEO as part of its capital optimization plan. The investment bank has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e33d7c44-7bde-4408-8c04-f02f0307d15a\/%253cmark%253eshuaa%253c%2Fmark%253e-capital-settles-aed-500-mn-debt\" style=\"\" rel=\"noopener\">fully settled<\/a> around AED 500 mn in margin facilities with multiple UAE banks. Shuaa also finalized an agreement with its senior creditor to restructure <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fd102859-68c0-4379-968e-4ffceac8de8f\/ad-ports-upsizes-revolving-credit-facility-to-usd-2.1-bn-amid-strong-banking-interest\" style=\"\" rel=\"noopener\">AED 208 mn<\/a> in outstanding facilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And there\u2019s more to come: <\/strong>The company approved the issuance of two tranches of mandatory convertible bonds, with a total maximum value of AED 425.5 mn, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/737ba2f4-3ad0-4833-b940-58372f6ee6df\/%253cmark%253eshuaa%253c%2Fmark%253e-approves-aed-425.5-mn-convertible-bond-issuance\" style=\"\" rel=\"noopener\">last month<\/a>, after revealing plans earlier in May to issue a total of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b025d93a-2301-4749-b500-42ee4711ad34\/%253cmark%253eshuaa%253c%2Fmark%253e-to-issue-bonds-for-capital-optimization-%2B-emirates-islamic-taps-banks-for-sukuk\" style=\"\" rel=\"noopener\">AED 642.5 mn of mandatory convertible bonds<\/a> as part of its capital optimization plan.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/adnoc-logistics\/\">ADNOC Logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/divestment-watch\/\">Divestment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/ma-watch\/\">M&amp;A WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/shuaa-capital\/\">Shuaa Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99484\" 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=\"99484\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/09\/the-uae-saw-the-most-funding-rounds-in-the-region-in-2024-despite-a-dip-in-overall-funding\/\">\r\n                            The UAE saw the most funding rounds in the region in 2024, despite a dip in overall funding                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/09\/the-uae-saw-the-most-funding-rounds-in-the-region-in-2024-despite-a-dip-in-overall-funding\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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This accounted for 40% of all funding rounds in the Mena region, and marked a 9% y-o-y increase.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite the uptick in the number of funding rounds, funding fell 8% y-o-y to USD 613 mn during the year<\/strong>, in line with a wider regional trend which saw funding fall 29% y-o-y to USD 1.5 bn. The value of funding rounds in the UAE came second to Saudi Arabia, which was the top country in terms of funding, with USD 750 mn in investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the upside, the volume of funding increased in the region by 10% y-o-y<\/strong>, with some 461 transactions recorded, outperforming other emerging markets like Africa. The number of investors in Mena also rose 14% to 392. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Megadeals are giving way to smaller transactions:<\/strong> The decline was mainly driven by a general dip in megadeal funding across emerging markets, which came for the third year in a row. Funding rounds valued at more than USD 100 mn accounted for less than 20% of total funding in the region last year, down from 30% in 2021, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-08\/saudi-arabia-uae-venture-capital-vc-funding-slumps-magnitt?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> quotes Magnitt CEO Philip Bahoshy as saying. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Late-stage investments were also down among emerging markets and were the biggest driver of the decline <\/strong>in funding across emerging markets, the venture data analytics platform said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Instead, investment rounds in the USD 1-5 mn range are on the rise<\/strong>, with investors growing more cautious amid high costs of capital and volatile market conditions, Bahoshy told Bloomberg. Early-stage investments saw a 5 percentage point uptick during the year, according to the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Exits in the region were also down (20% y-o-y) amid a global liquidity crunch, though the UAE accounted for half of them<\/strong>, securing 12 out of the 24 exits that took place. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The most popular sectors in 2024 for venture investors:<\/strong> E-commerce and retail were the most popular sectors for Mena investors last year, securing USD 396 mn in investments and capturing 54 of the total investments during the year. Fintech comes second in terms of funding at USD 387 mn, but comes first in terms of volume of investments, with 93 investments.<\/p>\n<p class=\"tag-border-left\">LOOKING AHEAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The region is becoming a key hub for venture capital<\/strong>, attracting global players like General Atlantic \u2014 which set up shop in Riyadh and <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\">Abu Dhabi<\/a> \u2014 and Golden Gate Ventures due to its opportunities and rapid ecosystem growth, Yana El Dirani, head of Mena at Endeavor Catalyst, said. This momentum is driven by \u201cstrong demographic trends, digital transformation, and government-backed initiatives\u201d that foster innovation, she added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE and Saudi Arabia are both expected to attract more VC investments<\/strong>, Endeavor Catalyst Managing Partner Allen Taylor also said, adding that 2025 may also see a return of international VC capital to frontier markets like Egypt, Turkey, and Pakistan, which have seen limited investment in recent years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New unicorns and IPOs in 2025?<\/strong> Taylor expects at least five new unicorns emerging out of the Mena region in 2025. More liquidity from IPOs and M&As is also expected, with startups like Tabby, Tamara, TruKKer, Floward, and Unifonic all expected to go public.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- More Corporate Venture Capital (CVC) activity ahead. <\/strong>\u201cWe\u2019re expecting Corporate Venture Capital (CVC) firms to play an increasingly vital role in the Mena region, particularly in Saudi Arabia, given the continuous growth we\u2019re seeing in the overall startup ecosystem,\u201d Anas Algahtani, CEO of Aramco\u2019s venture arm Wa\u2019ed Ventures, said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/investments\/\">investments<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/venture-capital\/\">VENTURE CAPITAL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99486\" 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=\"99486\">\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\">BUSINESS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/09\/nearly-half-of-core-skills-in-demand-expected-to-change-in-the-uae-by-2030-amid-increased-automation-wef\/\">\r\n                            Nearly half of core skills in demand expected to change in the UAE by 2030 amid increased automation -WEF                        <\/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\/09\/nearly-half-of-core-skills-in-demand-expected-to-change-in-the-uae-by-2030-amid-increased-automation-wef\/\" 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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Some 41% of core skills are projected to shift by 2030, the report said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More automation incoming:<\/strong> UAE based companies are accelerating automation to adapt to increased digitalization, with 43% of work tasks expected to be performed by autonomous technologies within five years \u2014 exceeding the global average of 34%. There is also an increase in demand for skills in technology, with 87% of companies highlighting the need for stronger technological literacy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some 91% of companies surveyed see AI and information processing as key to business transformation<\/strong>, while 66% emphasize the role of robots and autonomous systems. Other tech trends gaining traction include energy, materials, sensing, semiconductors, satellites, quantum computing, and biotechnology as climate mitigation efforts also rise. Meanwhile, AI and machine learning specialist roles are expected to see the most net growth. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Training and upskilling on the right track? <\/strong>By 2030, 44% of respondents believe they will not require any upskilling, compared to 41% globally. Some 28% in the UAE expect to be upskilled in their current roles (vs. 29% globally), while 18% expect to be upskilled and redeployed. However, 10% in the UAE (and 11% globally) feel they are unlikely to need upskilling at all.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Employers in the Middle East and North Africa are more optimistic about talent availability by 2030 compared to global companies<\/strong>, with 46% anticipating improved hiring prospects. The region faces a higher rate of skill disruption, with 46% of job-related skills expected to change, compared to 39% globally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Talent availability is expected to remain stable,<\/strong> with only 26% of employers predicting a decline. However, two-thirds of employers expect skills gaps in the labor market to be a major barrier to business transformation.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/business\/\">business<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/world-economic-forum\/\">World Economic Forum<\/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=\"99488\" 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=\"99488\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/09\/adib-capital-launches-european-logistics-focused-sharia-compliant-fund\/\">\r\n                            ADIB Capital launches European logistics-focused Sharia-compliant fund                        <\/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\/09\/adib-capital-launches-european-logistics-focused-sharia-compliant-fund\/\" 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\/09\/adib-capital-launches-european-logistics-focused-sharia-compliant-fund\/')\">\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\/09\/adib-capital-launches-european-logistics-focused-sharia-compliant-fund\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=ADIB Capital launches European logistics-focused Sharia-compliant fund&url=https:\/\/enterpriseam.com\/uae\/2025\/01\/09\/adib-capital-launches-european-logistics-focused-sharia-compliant-fund\/\">\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\/09\/adib-capital-launches-european-logistics-focused-sharia-compliant-fund\/&title=ADIB Capital launches European logistics-focused Sharia-compliant fund\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=ADIB+Capital+launches+European+logistics-focused+Sharia-compliant+fund+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F01%2F09%2Fadib-capital-launches-european-logistics-focused-sharia-compliant-fund%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\/09\/adib-capital-launches-european-logistics-focused-sharia-compliant-fund\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2036.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99489\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/09\/adib-capital-launches-european-logistics-focused-sharia-compliant-fund\/2036-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2036.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2036.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2036.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2036.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99488\" class=\"content-area-description single-story post-99488 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-abu-dhabi-islamic-bank tag-also-on-our-radar tag-aramex tag-dubai-ports tag-enterpriseam-uae tag-green-infrastructure tag-logistics tag-ma tag-maritime tag-roads-and-transport-authority tag-shuaa-capital 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\/.45bb34cf-4158-4bfa-9996-a110dfe7931f.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>ADIB Capital launches European logistics-focused fund:<\/strong> Abu Dhabi Islamic Bank\u2019s (ADIB) asset management arm ADIB Capital launched a new Sharia-compliant investment vehicle for logistics assets across Germany and Western Europe, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/adib-capital-launches-european-logistics-fund-i-sm2qft37\" style=\"\" rel=\"noopener\">press release<\/a>. The ADIB European Logistics Fund I will focus on ESG-compliant logistics infrastructure, including warehouses. The size of the fund was not disclosed.<\/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>The UAE has some AED 421 mn worth of water-saving projects underway acr<\/strong><strong>oss <\/strong><strong>the country<\/strong>, including the construction of 20 new water facilities and expansions of three existing dams in 12 areas, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/uae-water-saving-projects-worth-dh421-million-underway-after-last-years-heavy-rains\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports, citing details disclosed during the latest Federal National Council\u2019s (FNC) session. The projects mark the first phase of an initiative to develop water-saving infrastructure, focusing on the eastern and northern coastal regions, after unprecedented rains in April last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it\u2019s going: <\/strong>Three specialized consultants were appointed to study the basins along the northern and eastern coasts to assess hydrological conditions, FNC member Naema Al Sharhan said. The study aims to develop innovative solutions to mitigate flood damage \u2014 including sustainable water facilities such as dams, water barriers, canals, and lakes.<\/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>#1- Mintiply Capital + Fuel Venture Capital team up to back early-stage startups in the UAE: <\/strong>Homegrown advisory firm <a target=\"_blank\" href=\"https:\/\/mintiplycapital.com\/\" style=\"\" rel=\"noopener\">Mintiply Capital<\/a> partnered with US-based <a target=\"_blank\" href=\"https:\/\/fuelventurecapital.com\/\" style=\"\" rel=\"noopener\">Fuel Venture Capital<\/a> to launch a special purpose vehicle (SPV) targeting early-stage startups in the GCC region, with a focus on the UAE, according to a <a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/01\/mintiply-capital-partners-fuel-venture-capital-boost-entrepreneurial-scene-gcc\" style=\"\" rel=\"noopener\">press relea<\/a><a target=\"_blank\" href=\"https:\/\/www.wamda.com\/2025\/01\/mintiply-capital-partners-fuel-venture-capital-boost-entrepreneurial-scene-gcc\" style=\"\" rel=\"noopener\">se<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Farm To Plate expands into Eswatini:<\/strong> Dubai-based agri-tech firm <a target=\"_blank\" href=\"https:\/\/www.farmtoplate.io\/\" style=\"\" rel=\"noopener\">Farm To Plate<\/a> partnered with the Royal Science and Technology Park in Eswatini to modernize the Southern African country\u2019s agri-food sector with advanced supply chain tools, marking its first venture into Eswatini, according to a <a target=\"_blank\" href=\"https:\/\/www.dubaichamberinternational.com\/en\/e\/dic_news_detailed_page\/29577\/1448508\" style=\"\" rel=\"noopener\">statement<\/a> from the Dubai International Chamber. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARITIME-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai<\/strong><strong> saw its first liquified natural gas (LNG) bunkering operation<\/strong>, which was carried out by the Dubai Ports Authority, for a cruise ship at Dubai Harbor, according to the <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2025\/january\/08-01\/pcfc-announces-completion\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The emirate is currently developing a fuel bunkering regulation for port operators and LNG suppliers, and aims to expand alternative fuel bunkering services across the emirate, the authority\u2019s CEO Ibrahim Al Blooshi said.<\/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\">TRANSPORT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China\u2019s Keeta Drones and the UAE\u2019s Civil Aviation Authority are working toge<\/strong><strong>ther to assess <\/strong><strong>drone operation zones for delivery services<\/strong>, including infrastructure, airspace, and safety requirements, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/photo\/?fbid=122213010740077576&set=a.122096559860077576\" style=\"\" rel=\"noopener\">statement<\/a>. The authority will support Keeta Drones by coordinating with government entities to speed up the establishment of new drone flight paths.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Keeta Drones helped launch the Middle East's first drone delivery system at Dubai Silicon Oasis <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c1ac7854-6645-47a9-a65f-6ab0c0fb8a3f\/this-morning:-tii-rolls-out-new-llm-%2B-drone-deliveries-kick-off-in-dubai-silicon-oasis\" style=\"\" rel=\"noopener\">last month<\/a>, along with the Civil Aviation Authority, Dubai Integrated Economic Zones Authority, and Dubai Future Foundation.<\/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\">E-COMMERCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Users of MEA-focused commerce automation platform <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.apaya.io\/\" style=\"\" rel=\"noopener\">Apaya<\/a><\/strong><strong> will now be able to access <\/strong><strong><a target=\"_blank\" href=\"https:\/\/telr.com\/\" style=\"\" rel=\"noopener\">Telr<\/a><\/strong><strong>\u2019s payment solutions <\/strong>following its integration into Apaya\u2019s no-code platform, according to a <a target=\"_blank\" href=\"https:\/\/www.apaya.io\/post\/apaya-partners-with-telr-to-accelerate-digital-commerce-growth-in-mena\" style=\"\" rel=\"noopener\">statement<\/a> from Apaya. The move will allow merchants to use Telr\u2019s anti-fraud tools, in addition to intelligent routing and next-day settlement.<\/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>Aramex adds electric trucks to its fleet:<\/strong> Aramex deployed the first commercial electric trucks in the UAE in partnership with Admiral Mobility, adding a fleet of eight-ton Farizon electric trucks, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/aramex-teams-with-admiral-mobility-to-deploy-its-first-electric-trucks-ti4torpu\" style=\"\" rel=\"noopener\">press release<\/a>. Aramex previously added <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fecf4771-62f9-4c89-b677-7328bf2443fe\" style=\"\" rel=\"noopener\">e-bikes<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/384c2593-b8b0-4f2e-b2a1-659e87cabaed\" style=\"\" rel=\"noopener\">electric vans<\/a> to its last-mile delivery fleet in the UAE in a bid to make 98% of its fleet EVs by 2030.<\/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\"> CLIMATE FINANCE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE to back climate efforts in Brazil:<\/strong> The UAE pledged USD 40 mn to support environmental programs in Brazil, through the Erth Zayed Philanthropies, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bhl4ozg-erth-zayed-philanthropies-commits-40-million\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The funding will target projects aimed at boosting sustainable livelihoods for indigenous communities in the Amazon and addressing plastic pollution. Contributions come from key UAE entities, including the Zayed Bin Sultan Al Nahyan Charitable Foundation, Khalifa Bin Zayed Al Nahyan Foundation, Mohamed bin Zayed Species Conservation Fund, and Clean Rivers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>President Sheikh Mohammed bin Zayed Al Nahyan launched the Erth Zayed Philanthropies in October to support humanitarian and philanthropic efforts that support livelihoods, sustainable development, and social and environmental improvements.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/abu-dhabi-islamic-bank\/\">Abu Dhabi Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/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\/aramex\/\">Aramex<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dubai-ports\/\">Dubai Ports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/green-infrastructure\/\">green infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/logistics\/\">logistics<\/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\/maritime\/\">maritime<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/roads-and-transport-authority\/\">Roads and Transport Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/shuaa-capital\/\">Shuaa Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99490\" 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=\"99490\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/09\/inflation-proofed-try-boosts-turkeys-position-as-a-go-to-for-carry-traders\/\">\r\n                            \u201cInflation-proofed\u201d TRY boosts Turkey\u2019s position as a go-to for carry traders                        <\/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\/09\/inflation-proofed-try-boosts-turkeys-position-as-a-go-to-for-carry-traders\/\" 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 strategy sees the central bank ensuring the currency\u2019s depreciation is at a lower rate than inflation to maintain purchasing power. Despite the TRY shedding 16% compared to the USD in nominal terms in 2024, it posted its largest gains since 2007 in terms of the real appreciation measure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s great news for carry traders, who stand to gain from an appreciating TRY while<\/strong><strong> raking in massive gains from TRY-denominated bonds<\/strong> that carry 50% yields or higher, the business information service explained. Turkish monetary authorities indicate in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/396.pdf\" style=\"\" rel=\"noopener\">2025 policy report (pdf)<\/a> that the inflation-proofing practice is set to continue, meaning that TRY-denominated securities will continue to reel in investors with promises of high returns. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkey was the world's best-paying carry trade destination for much of last year.<\/strong> Investors engaging in the USD-TRY carry trade earned 15% returns over the past six months, or \u201cnearly double\u201d gains associated with Argentina\u2019s ARS, the second-best alternative to the TRY, according to Bloomberg data. The currency-stabilizing policies have made the country\u2019s carry trade more appealing by cutting risks associated with shock devaluations, Bloomberg says. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The downside risk:<\/strong> Higher demand for imports could come about as an unintended result of Turkey\u2019s real appreciation policy for the TRY, weakening the country\u2019s trade position, Bloomberg\u2019s Turkey economist Selva Bahar Baziki said, adding that the dynamic could put pressure on policymakers. Despite there not being any indication that the scenario is playing out, investors nonetheless need to be wary that the TRY-denominated carry trade is \u201calready quite over-crowded,\u201d portfolio manager at William Blair Investment Management in London Daniel Wood cautioned. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are once again in the red in early morning trading<\/strong>, weighed down by US Federal Reserve minutes that indicate officials are concerned about an incoming jump in inflation on the back of president-elect Donald Trump\u2019s planned trade policies. Japan\u2019s Nikkei and the Shanghai Index are down, while South Korea\u2019s Kospi is just a hair in the green so far. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on Wall Street, futures suggest that all three major indexes will be under selling pressure<\/strong> once trading begins this morning, despite the S&P 500 and Dow Jones closing up yesterday.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9466<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +0.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5209<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +1.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4263<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +2.4%)<\/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\">4.5% 1 yr<\/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>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,089<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: +1.4%)<\/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>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\">29,786<\/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: +0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5918<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8251<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +1.0%)<\/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>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\">4996<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +2.1%)<\/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>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 76.16<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.67<\/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\">+0.6%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,679.70<\/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\">+0.6%<\/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>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 94,668.60<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.0% (YTD: +1.0%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The DFM fell 0.1% yesterday<\/strong> on turnover of AED 679.5 mn. The index is up 1.0% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>National International Holding Company (+9.5%), Union Properties (+3.9%) and Chimera S&P UAE Shariah ETF- Share class B - Income (+3.8%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Dubai National Ins. & Reins. (-6.0%), Al Mal Capital REIT (-4.4%) and SHUAA Capital (-3.6%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the ADX<\/strong>, the index rose 0.3% on turnover of AED 1.4 bn. Meanwhile, Nasdaq Dubai rose 0.4%.<\/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=\"99492\" 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=\"99492\">\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\">DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/09\/uae-israel-fms-discuss-potential-ceasefire-in-gaza\/\">\r\n                            UAE, Israel FMs discuss potential ceasefire in Gaza                        <\/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\/09\/uae-israel-fms-discuss-potential-ceasefire-in-gaza\/\" 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\/09\/uae-israel-fms-discuss-potential-ceasefire-in-gaza\/')\">\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\/09\/uae-israel-fms-discuss-potential-ceasefire-in-gaza\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE, Israel FMs discuss potential ceasefire in Gaza&url=https:\/\/enterpriseam.com\/uae\/2025\/01\/09\/uae-israel-fms-discuss-potential-ceasefire-in-gaza\/\">\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\/09\/uae-israel-fms-discuss-potential-ceasefire-in-gaza\/&title=UAE, Israel FMs discuss potential ceasefire in Gaza\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE%2C+Israel+FMs+discuss+potential+ceasefire+in+Gaza+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F01%2F09%2Fuae-israel-fms-discuss-potential-ceasefire-in-gaza%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\/09\/uae-israel-fms-discuss-potential-ceasefire-in-gaza\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/414.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99493\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/09\/uae-israel-fms-discuss-potential-ceasefire-in-gaza\/414-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/414.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"414.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/414.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/414.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99492\" class=\"content-area-description single-story post-99492 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-diplomacy tag-enterpriseam-uae tag-israel tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.934c19d8-ae0c-4a56-bed7-8129c787d9e1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE, Israel FMs discuss potential ceasefire in Gaza:<\/strong> Foreign Affairs Minister Sheikh Abdullah bin Zayed met with Israeli counterpart Gideon Saar in Abu Dhabi to discuss the humanitarian crisis in Gaza and ongoing regional and international efforts to secure a lasting ceasefire, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bhkj9rt-abdullah-bin-zayed-receives-foreign-minister\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The two FMs also discussed bilateral ties between the countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Nahyan expressed his support for the ongoing Israel-Hamas ceasefire talks <\/strong>taking place in Doha and mediated by Egypt and the US. The two sides were still <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/103e6026-be48-49da-a6ab-85d58b9c4cf7\/this-morning:-space42-launches-thuraya-4-satellite-%2B-new-perks-for-dubai-newlyweds-and-mothers\" style=\"\" rel=\"noopener\">at odds<\/a> earlier this week, though the US\u2019 new Middle East envoy Steve Witkoff said he is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2ac8f0be-b025-4a07-aea0-788d9912b082\/this-morning:-uae-agrees-to-roll-over-pakistan-loan-another-time-%2B-dar-global-eyes-us,-greece-expansion\" style=\"\" rel=\"noopener\">hopeful for an agreement<\/a> ahead of US president-elect Donald Trump\u2019s 20 January inauguration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE strongly condemned the publication of alleged \"historic Israel\" maps by Israeli <\/strong><strong>government-affiliated accounts<\/strong>, which include parts of the Occupied Palestinian Territory, Jordan, Lebanon, and Syria, according to a ministry <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2025\/1\/8\/8-1-2025-uae\" style=\"\" rel=\"noopener\">statement<\/a>. The Foreign Affairs Ministry described the move as a violation of international law and a provocation that threatens regional peace efforts.<\/p>\n<p class=\"tag-border-left\">OTHER DIPLOMACY NEWS- <\/p>\n<ul>\n<li><strong>UAE + Argentina talk trade and investment: <\/strong>Foreign Affairs Minister Sheikh Abdullah bin Zayed Al Nahyan discussed ramping up cooperation in the economy, trade, and investment sectors with his Argentinian counterpart Gerardo Werthein during a phone call yesterday. (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bhl4p2d-abdullah-bin-zayed-argentinian-discuss-bilateral\" style=\"\" rel=\"noopener\">Wam<\/a>) <\/li>\n<li><strong>The Foreign Minister also met Afghanistan\u2019s Acting Foreign Minister Mawlawi <\/strong><strong>Amir Khan Muttaqi yesterday to talk bilateral ties and cooperation<\/strong>, focusing on economic and developmental support for Afghanistan\u2019s reconstruction. (<a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bhl4pb2-abdullah-bin-zayed-receives-acting-foreign\" style=\"\" rel=\"noopener\">Wam<\/a>) <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/israel\/\">Israel<\/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=\"99494\" 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\/09\/99494-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99494\" class=\"content-area-description single-story post-99494 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>7-9 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/duphat.ae\/visitorregistration\/?gad_source=1&gclid=CjwKCAiAm-67BhBlEiwAEVftNn5BGwODnX9JoNb3rnIdG9w7eE3leetlsEkNb0XO0ub6IoVKg7jFwBoCOecQAvD_BwE\" style=\"\">Dubai International Pharma & Technologies Conference and Exhibition<\/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>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 January (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/under-the-patronage-of-the-uae-president-abu-dhabi-sustainability-week-2025-adsw-2025-to-take-place-in-the-emirate\/\" style=\"\">Global Climate Finance Annual Meeting<\/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>13-16 January (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/steelfabme.com\/\" style=\"\">SteelFab<\/a><\/span><span>, <\/span><span>Expo Center, Sharjah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14 January (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/under-the-patronage-of-the-uae-president-abu-dhabi-sustainability-week-2025-adsw-2025-to-take-place-in-the-emirate\/\" style=\"\">ADSW Opening Ceremony<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Centre (ADNEC).  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-15 January (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/under-the-patronage-of-the-uae-president-abu-dhabi-sustainability-week-2025-adsw-2025-to-take-place-in-the-emirate\/\" style=\"\">ADSW Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Centre (ADNEC).  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>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\/programme-events\/intersec-security-leaders-summit.html\" style=\"\">Security Leader\u2019s Summit 2025<\/a><\/span><span style=\"font-weight:400;\">, Dubai World Trade Center<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/under-the-patronage-of-the-uae-president-abu-dhabi-sustainability-week-2025-adsw-2025-to-take-place-in-the-emirate\/\" style=\"\">World Future Energy Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi National Exhibition Centre (ADNEC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span 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>14-16 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/under-the-patronage-of-the-uae-president-abu-dhabi-sustainability-week-2025-adsw-2025-to-take-place-in-the-emirate\/\" style=\"\">Youth 4 Sustainability (Y4S) Forum and Hub<\/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>15 January (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/under-the-patronage-of-the-uae-president-abu-dhabi-sustainability-week-2025-adsw-2025-to-take-place-in-the-emirate\/\" style=\"\">Women in Sustainability, Environment and Renewable Energy (WiSER) 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>15-16 January (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ifxexpo.com\/\" style=\"\">iFX Expo<\/a><\/span><span>, 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 January (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/under-the-patronage-of-the-uae-president-abu-dhabi-sustainability-week-2025-adsw-2025-to-take-place-in-the-emirate\/\" style=\"\">Green Hydrogen 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>16 January (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mediaoffice.abudhabi\/en\/energy\/under-the-patronage-of-the-uae-president-abu-dhabi-sustainability-week-2025-adsw-2025-to-take-place-in-the-emirate\/\" style=\"\">Zayed Sustainability Prize Forum & Investor Connect<\/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>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>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>20-22 January (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dwtc.com\/ar\/events\/fiber-connect-council-2025\/\" style=\"\">The Fiber Connect Council Conference and Exhibition<\/a><\/span><span>,<\/span><span> 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>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>16 February (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.idc-uae.com\/\" style=\"\">The International Defence Conference<\/a><\/span><span style=\"font-weight:400;\">,The Emirates Palace, Abu Dhabi. <\/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>17-22 February (Monday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.gulfood.com\/\" style=\"\">Gulfood<\/a><\/span><span>, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 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>7-9 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.middleeast-energy.com\/en\/home.html\" style=\"\">Middle East Energy<\/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.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>13-16 May (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iuhpe2025-abudhabi.com\/#:~:text=This%20landmark%20event%20will%20take,advancing%20global%20health%20and%20wellbeing.\" style=\"\">International Union for Health Promotion and Education Conference<\/a><\/span><span>, Abu Dhabi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-15 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/cabsat.com\/\" style=\"\">Cabsat Middle East and Satellite Middle East,<\/a><\/span><span> 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>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>16-18 May (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gisec.ae\/\" style=\"\">GISEC<\/a><\/span><span>, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-22 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>20-22 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/seamless-middle-east-fintech\/index.stm\" style=\"\">Seamless Middle East 2025<\/a><\/span><span>, 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;\">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>24-25 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.terrapinn.com\/exhibition\/middle-east-rail\/index.stm\" style=\"\">Middle East Rail<\/a><\/span><span>, 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;\">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>9-15 October (Thursday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/iucncongress2025.org\/\" style=\"\">IUCN World Conservation Congres<\/a><\/span><span>s, 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;\">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<li><span>Universal Postal Congress 2025, 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 the fall of 2025:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">2025 Games of the Future, Dubai.<\/span><\/li>\n<li><span>ICOM General Conference 2025, 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>VC funding dips in 2024 | Workforce shake-up by 2030? | MAF shutters Carrefour in Oman | Emirates NBD eyes Egyp\u2019s BdC?<\/p>\n","protected":false},"featured_media":99473,"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-99472","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"703fbd62-c541-44d7-9617-00636d27e921","teaser":"VC funding dips in 2024 | Workforce shake-up by 2030? | MAF shutters Carrefour in Oman | Emirates NBD eyes Egyp\u2019s BdC?","photo_url":"https:\/\/ent.news\/2024\/11\/1166.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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