{"id":99517,"date":"2025-01-10T00:00:00","date_gmt":"2025-01-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?post_type=issue&#038;p=99517"},"modified":"2025-12-15T02:31:46","modified_gmt":"2025-12-15T02:31:46","slug":"aldar-wraps-largest-hybrid-issuance-in-the-middle-east-fab-prices-oversubscribed-sukuk","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/uae\/issues\/aldar-wraps-largest-hybrid-issuance-in-the-middle-east-fab-prices-oversubscribed-sukuk\/","title":{"rendered":"Aldar wraps largest hybrid issuance in the Middle East + FAB prices oversubscribed sukuk"},"content":{"rendered":"<section id=\"99519\" 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=\"99519\">\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\/10\/this-morning-more-bidders-for-the-telegraph-damac-to-rely-on-borrowing-for-usd-20-bn-us-data-center-investment\/\">\r\n                            THIS MORNING: More bidders for the Telegraph? + Damac to rely on borrowing for USD 20 bn US data center investment                        <\/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\/10\/this-morning-more-bidders-for-the-telegraph-damac-to-rely-on-borrowing-for-usd-20-bn-us-data-center-investment\/\" 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\/10\/this-morning-more-bidders-for-the-telegraph-damac-to-rely-on-borrowing-for-usd-20-bn-us-data-center-investment\/')\">\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\/10\/this-morning-more-bidders-for-the-telegraph-damac-to-rely-on-borrowing-for-usd-20-bn-us-data-center-investment\/\">\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=THIS MORNING: More bidders for the Telegraph? + Damac to rely on borrowing for USD 20 bn US data center investment&url=https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/this-morning-more-bidders-for-the-telegraph-damac-to-rely-on-borrowing-for-usd-20-bn-us-data-center-investment\/\">\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\/10\/this-morning-more-bidders-for-the-telegraph-damac-to-rely-on-borrowing-for-usd-20-bn-us-data-center-investment\/&title=THIS MORNING: More bidders for the Telegraph? + Damac to rely on borrowing for USD 20 bn US data center investment\">\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=THIS+MORNING%3A+More+bidders+for+the+Telegraph%3F+%2B+Damac+to+rely+on+borrowing+for+USD+20+bn+US+data+center+investment+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F01%2F10%2Fthis-morning-more-bidders-for-the-telegraph-damac-to-rely-on-borrowing-for-usd-20-bn-us-data-center-investment%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\/10\/this-morning-more-bidders-for-the-telegraph-damac-to-rely-on-borrowing-for-usd-20-bn-us-data-center-investment\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1531.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99520\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/this-morning-more-bidders-for-the-telegraph-damac-to-rely-on-borrowing-for-usd-20-bn-us-data-center-investment\/1531-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1531.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1531.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1531.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1531.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99519\" class=\"content-area-description single-story post-99519 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-adgm tag-banking tag-damac tag-diplomacy tag-emirates-water-and-electricity-company tag-enterpriseam-uae tag-investment tag-ma tag-redbird-imi tag-renewables tag-trade 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\/.da31b213-fdb2-4b47-b739-76901e5dd6b1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, lovely people, and happy FRIDAY.<\/strong> Whether you\u2019re one of the thousands heading to Coldplay in Abu Dhabi this weekend, or are choosing to spend your days off away from the crowds, we hope you have a great weekend to unwind from a busy week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have another busy issue for you this morning as the news cycle refuses to let up. <\/strong>We have updates on <strong>FAB and Aldar Properties\u2019 issuances<\/strong>, both oversubscribed and priced at attractive yields; as well as <strong>new contracts<\/strong> on the <strong>energy<\/strong> side for the Ruwais LNG project and for NMDC Energy. Plus: All the details on the new <strong>personal status law<\/strong> taking effect in April, and <strong>a plan to tokenize USD 1 bn worth of Damac Group\u2019s assets<\/strong>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Don\u2019t miss this morning\u2019s My Morning Routine with founder of Home Bakery Hind Al Mulla<\/strong>, who tells us all about her experience setting up one of the first homegrown cafes in the Emirates, how she calms herself as someone who struggles with ADHD, and her vision for Home Bakery a few years down the road. <\/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>\u2600\ufe0f We\u2019re in for a sunny weekend:<\/strong> The National Center of Meteorology <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/474.pdf\" style=\"\" rel=\"noopener\">forecasts<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/474.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a> crisp conditions across the country from today until Monday, with fair to partly cloudy skies and light-blowing winds. However, humidity rising at night will still fog up windows in some internal and coastal areas \u2014<strong> early commuters should take care; we can barely see a thing out of our windows this morning. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Temperatures in Dubai<\/strong> are expected to hit 25\u00b0C during the day, with an overnight low of 16\u00b0C, while <strong>Abu Dhabi <\/strong>is expected to see temperatures hitting 22\u00b0C, and an overnight low of 19\u00b0C.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>#1- Leon Black in talks to anchor bid for UK\u2019s Telegraph: <\/strong>Leon Black, <a target=\"_blank\" href=\"https:\/\/www.apollo.com\/\" style=\"\" rel=\"noopener\">Apollo Glob<\/a><a target=\"_blank\" href=\"https:\/\/www.apollo.com\/\" style=\"\" rel=\"noopener\">al Management<\/a> \u2019s co-founder, is reportedly in discussions to become an anchor investor in a EUR 550 mn bid to acquire the UK\u2019s Telegraph newspaper from the UAE\u2019s RedBird IMI, led by New York Sun owner Dovid Efune, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5a0e013e-3c57-4729-85a0-d8126b2c1590\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports. Efune is in talks with Ben Black<strong>, <\/strong>Leon Black's son and founder of investment firm <a target=\"_blank\" href=\"http:\/\/www.fortinbras.com\/\" style=\"\" rel=\"noopener\">Fortinbras<\/a>, which would be channeling the investment if it goes through. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More bidders?<\/strong> The potential acquisition is further complicated by ongoing discussions involving Todd Boehly, co-owner of Chelsea Football Club, who is also considering backing Efune or possibly launching a competing offer. Meanwhile, LionTree's Aryeh Bourkoff, advising Efune, has been in the UAE engaging with RedBird IMI regarding the deal. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There could also be a plot twist: <\/strong>There is growing speculation that UK Prime Minister Keir Starmer might <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b942cb5b-722b-4cb0-96a2-683939b54fc8\" style=\"\" rel=\"noopener\">ease<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b942cb5b-722b-4cb0-96a2-683939b54fc8\" style=\"\" rel=\"noopener\">restrictions<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b942cb5b-722b-4cb0-96a2-683939b54fc8\" style=\"\" rel=\"noopener\"><\/a> on sovereign wealth funds owning UK newspapers ahead of his visit, potentially paving the way for UAE-backed RedBird IMI to retain ownership of The Telegraph despite facing government opposition earlier.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The Telegraph's ownership has been contentious since RedBird IMI<\/strong> attempted to acquire the newspaper. Efforts were <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d81ad426-65fa-42eb-9a8c-5089eac7eb0c\/this-morning:-uk-prime-minister-to-head-to-the-gcc-next-month%3F\" style=\"\" rel=\"noopener\">thwarted<\/a> last year by UK government legislation aimed at preventing foreign ownership of British media 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\"><a id=\"wwtt2\"><\/a> <strong>#2- Damac to rely on borrowing for USD 20 bn data center investment: <\/strong>Between 60-70% of Dubai-based Damac Properties\u2019 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9c290964-d78a-4b6d-b507-7d0da106f109\/damac-properties-to-invest-usd-20-bn-in-us-data-center-expansion\" style=\"\" rel=\"noopener\">USD 20 bn investment<\/a> in US data centers will be financed through borrowing from banks, financial institutions or bonds, Damac Founder Hussain Sajwani told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-09\/billionaire-sajwani-to-lean-on-banks-for-20-billion-us-project?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The remaining 30%, equal to between USD 5-6 bn, will be self-financed by the developer\u2019s budget as Sajwani ruled out government funding.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The investment is part of Damac\u2019s broader push into the US market<\/strong>, after first snagging a USD 120 mn bid back in 2022 for land in Miami\u2019s Surfside district to build a luxury oceanfront condo, Sajwani said in another CNBC interview (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/01\/09\/the-sky-is-the-limit-on-damac-investment-in-the-us-property-giants-chief-says.html?&amp;qsearchterm=DUBAI\" style=\"\" rel=\"noopener\">watch, runtime: 02:24<\/a>). Sajwani expressed optimism in the US\u2019 growing USD 500 bn data center market, lauding that \u201cthe sky's the limit\u201d for future windows in the country under the \u201cpro-business\u201d environment of president-elect Donald Trump, who Sajwani said is supportive of foreign investment.<\/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>#3- Emirati banks are expected to see a slight dip in profitability margins in 2025 on <\/strong><strong>the back of declining interest rates<\/strong>, according to S&amp;P Global\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/458.pdf\" style=\"\" rel=\"noopener\">Banking Sector 2025 Outlook (pdf)<\/a>. Lending is set to continue to grow, however, as monetary policy eases, while losses will remain low on the back of strong asset quality, backed by a strong economic environment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Deposit growth will also continue in 2025 as corporations continue to prioritize savings<\/strong>, if the non-oil economy remains strong. Capital buffers will increase thanks to high profitability, supportive shareholders, and modest dividend payouts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, neobanks and fintechs are set to \u201ccomplement\u201d local banks, not <\/strong><strong>replace them<\/strong>, S&amp;P said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Geopolitical risks not expected to impact local banks: <\/strong>Geopolitical tensions and dips in oil prices present risks to the sector, however S&amp;P says \u201cUAE banks are more than capable of withstanding substantial stress.\u201d<\/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>#4- Ewec opens call for Zarraf solar plant developer: <\/strong>The Emirates Water and Electricity Company (Ewec) issued a request for proposals for the development of the 1.5 GW Zarraf solar plant in Abu Dhabi\u2019s Al Dhafra region, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/15cz0ey-ewec-issues-request-for-proposals-for-development\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The project developer will sign a long-term power purchase agreement (PPA) with Ewec, owning up to 40% of the project, with Ewec retaining the remaining stake.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who can apply? <\/strong>Developers and consortiums who passed the expression of interest stage in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b9a9a4d4-ffd1-466f-9e6a-e4f1acf7a46a\/ewec-lines-up-interest-for-1.5-gw-zarraf-solar-project\" style=\"\" rel=\"noopener\">October<\/a> 2024 \u2014 where 20 proposals were submitted, and 16 were qualified \u2014 can apply until 2Q 2025. They will oversee the project's development, financing, construction, and operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The plant, which will power 160k homes and cut emissions of CO2 by 2.4 mn metric tons annually, is part of Ewec\u2019s goal to build 1.4 GW of new solar PV capacity annually between 2027 and 2037.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- FTX EU disputes Backpack\u2019s acquisition of its assets: <\/strong>Dubai-based crypto exchange <a target=\"_blank\" href=\"https:\/\/backpack.app\/\" style=\"\" rel=\"noopener\">Backpack<\/a> claims it acquired the European arm of FTX, <a target=\"_blank\" href=\"https:\/\/ftxeurope.eu\/\" style=\"\" rel=\"noopener\">FTX EU<\/a>, in a USD 32.7 mn transaction, from FTX co-founders Patrick Gruhn and Robin Matzke, according to a <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/ftx-clarifies-certain-statements-by-backpack-regarding-backpacks-purported-acquisition-of-ftx-eu-302346394.html\" style=\"\" rel=\"noopener\">statement<\/a>, despite FTX EU denying the transaction was completed. Gruhn confirmed the acquisition, adding that his lawyer had notified FTX about the regulatory clearance. FTX has yet to respond, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-09\/ftx-disputes-the-sale-of-eu-assets-to-ex-employees-is-complete?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where\u2019s the confusion?<\/strong> Backpack said in a <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/backpack-responds-to-ftx-statement-302346671.html\" style=\"\" rel=\"noopener\">press release<\/a> that the asset sale was completed in May 2024 with regulatory approval secured in December 2024, while FTX EU claims that the transfer of FTX assets to the two co-founders had not yet taken place and that the sale to Backpack was therefore not authorized. Backpack insists it has received the necessary approvals from the Cyprus Securities and Exchange Commission, while FTX says Backpack has not received approvals from the US Bankruptcy Court for the District of Delaware.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Customer funds are still in limbo: <\/strong>Until the acquisition is settled, FTX EU maintains it is \u201csolely responsible\u201d for the return of customer funds. Backpack, on the other hand, says the EU assets have now been renamed to Backpack EU and that Backpack will be returning the funds to customers. <\/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>#6- ADGM\u2019s Registration Authority published new employment regulation<\/strong><strong>s and guidelines for treatment of remote and part-time workers<\/strong>, as well as severance and maternity and paternity leave, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/470.pdf\" style=\"\" rel=\"noopener\">press release<\/a>. The <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/493.pdf\" style=\"\" rel=\"noopener\">new regulations<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/493.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a> \u2014 set to take effect in April \u2014 include revision of the definition of \u201cemployee\u201d to accommodate flexible and remote working, clarification on part-time workers\u2019 entitlements and on requirements for obtaining and cancelling work permits and visas, as well as an expansion of responsibilities related to workplace discrimination.<\/p>\n<p class=\"tag-border-left\"> HAPPENING NEXT WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>Malaysian PM to ratify trade agreement in Abu Dhabi: <\/strong>The comprehensive economic partnership agreement (CEPA) between Malaysia and the UAE is set to be signed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/90387f2a-46a4-419b-aab4-2d3faa00f188\/this-morning:-emirates-nbd-reportedly-eyes-acquisition-of-egypt%25e2%2580%2599s-banque-du-caire-%2B-maf-shutters-carrefour-stores-in-oman\" style=\"\" rel=\"noopener\">next week<\/a> during Malaysian Prime Minister Anwar Ibrahim\u2019s visit to Abu Dhabi, Malaysia\u2019s Investment, Trade and Industry Minister Tengku Zafrul Aziz said in an interview with Asharq Business (<a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/commerce\/66249\/%D9%85%D8%A7%D9%84%D9%8A%D8%B2%D9%8A%D8%A7-%D8%AA%D9%82%D8%B1-%D8%A8%D8%AF%D8%A1-%D9%85%D9%86%D8%A7%D9%82%D8%B4%D8%A7%D8%AA-%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9-%D8%AD%D8%B1%D8%A9-%D9%85%D8%B9-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC%D9%8A\/\" style=\"\" rel=\"noopener\">watch, runtime: 10:16<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Malaysia is also set to ink a separate trade agreement with the GCC<\/strong>, after the Malaysian cabinet gave the go-ahead for GCC negotiations to start following the conclusion of negotiations with the UAE <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>. Investment between GCC and ASEAN countries had increased five-fold in the past five years, according to Aziz, who highlighted a need for Malaysia to diversify their trading partners.<\/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 Los Angeles wildfires continue to dominate headlines in the foreign press<\/strong>, as nearly 180k people remain in evacuation with another 200k under warnings. The wildfires are now being labeled as the most destructive in Los Angeles\u2019 history, with damages estimated to cost over USD 50 bn. Firefighting crews were able to slow the spread as winds subsided yesterday, but they are expected to pick up again later today. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/environment\/hollywood-hills-burn-la-engulfed-by-the-big-one-2025-01-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/01\/09\/business\/dealbook\/los-angeles-fires-costs.html\" style=\"\" rel=\"noopener\">NYT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/d1257db5-d85b-4c8f-bc1f-4d535cf851ff\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-09\/la-s-100-000-evacuees-flee-fires-for-shelters-second-homes?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US Supreme Court\u2019s decision to block president-elect Donald Trump\u2019s request to postpone sentencing on the hushmoney case<\/strong> is also getting attention, meaning court proceedings will take place later today. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in Lebanon, the Lebanese parliament elected US-backed army commander Joseph Aoun as the country\u2019s first president in more than two years<\/strong>, in another sign of Iran\u2019s diminishing influence on the country after fighting between Israel and Hezbollah weakened the group, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-09\/hold-lebanon-elects-us-backed-president-aoun-in-shift-from-iran?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, in finance news:<\/strong><\/p>\n<ul>\n<li><strong>The MSCI Emerging Markets index entered correction territory<\/strong>, after the gauge dropped more than 10% from October\u2019s high, as uncertainty over US trade policies and China\u2019s economic outlook weigh on stocks. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4ed120d0-b627-43a6-90c2-75c48ee23425\" style=\"\" rel=\"noopener\">FT<\/a>) <\/li>\n<li><strong>BlackRock backed out of climate change group Net Zero Asset Managers<\/strong> in another setback to climate mitigation efforts, and after the six largest US banks bowed out of a similar banking alliance in recent weeks. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f0fb9841-db1d-442e-a757-1a1327497fb1\" style=\"\" rel=\"noopener\">FT<\/a>) <\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" 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YOURS<\/span>\r\n                <\/div>\r\n            <\/div>\r\n                <\/div>\r\n    <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99522\" 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=\"99522\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/aldar-and-fabs-issuances-meet-strong-demand\/\">\r\n                            Aldar and FAB\u2019s issuances meet strong demand                        <\/a>\r\n                    <\/h3>\r\n\r\n     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    \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/aldar-and-fabs-issuances-meet-strong-demand\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99523\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/aldar-and-fabs-issuances-meet-strong-demand\/1602-jpg-50\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1602.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1602.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99522\" class=\"content-area-description single-story post-99522 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-aldar-properties tag-debt-watch tag-first-abu-dhabi-bank tag-sukuk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.3e6405f3-901b-41e2-9967-0c2e22934258.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>First Abu Dhabi Bank (FAB) and Aldar Properties\u2019 issuances met strong<\/strong><strong> demand <\/strong>amid a new-year debt rush that also saw <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/40901a29-60fe-4d38-851c-1aca42993887\/emirates-nbd,-aldar,-and-fab-tap-debt-markets\" style=\"\" rel=\"noopener\">Emirates NBD<\/a> tap debt markets for a USD 700 mn issuance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Aldar completes largest hybrid issuance in the Middle East:&nbsp;<\/strong>Aldar Properties issued USD 1 bn Reg S hybrid capital notes yesterday, making it the largest conventional hybrid issuance in the Middle East, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/486.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The orderbook for the issuance was 3.8x oversubscribed, attracting USD 4.9 bn worth of bids from investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The issuance secured the tightest spread for a corporate hybrid in CEEMEA: <\/strong>Aldar priced the USD-denominated issuance with an annual yield of 6.625%, including a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/703fbd62-c541-44d7-9617-00636d27e921\/emirates-nbd,-fab,-aldar-tap-debt-markets-in-new-year-debt-rush\" style=\"\" rel=\"noopener\">500 basis point (bp) step-up<\/a> if not called \u2014 the tightest credit spread at issuance for a corporate hybrid in the CEEMEA region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> Mena investors accounted for the largest share of subscribers, comprising 41% of the issuance, followed by UK investors at 38%. European investors represented 9%, while investors from North America contributed 8% and Asia 4%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher: <\/strong>The bonds have a <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\">30.25 tenor<\/a>, and are callable in 7.25 years. The issuance was rated by Moody's one notch below Aldar's Baa2 issuer rating at Baa3<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The hybrid notes are a first for Aldar<\/strong>, and come in a bid to \u201creinforce\u201d the company\u2019s strong balance sheet and credit profile as it pushes forward with its growth plans, including landbank expansion, portfolio development, and acquisitions, according to the statement. The funds will also be allocated toward reducing senior debt to bolster Aldar\u2019s credit profile.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Aldar has big expansion plans:<\/strong> The Abu Dhabi developer set aside <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9df3e049-bfc0-492c-9b05-4641bd2f67bc\/%253cmark%253ealdar%253c%2Fmark%253e-wants-to-invest-aed-1-bn-in-logistics\" style=\"\" rel=\"noopener\">AED 1 bn<\/a> last year to expand its logistics operations in Abu Dhabi and Dubai, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/f177ef37-6e70-40e4-88ed-8b09c2d77a3a\/%253cmark%253ealdar%253c%2Fmark%253e-earmarks-aed-5-bn-for-new-abu-dhabi-assets\" style=\"\" rel=\"noopener\">AED 5 bn<\/a> for commercial, retail, and hospitality assets set to open between 2025 and 2027. In July, it also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c6253c58-ac88-4dc1-b496-7e2ec459275e\/%253cmark%253ealdar%253c%2Fmark%253e-boosts-commercial-portfolio-in-dubai-with-aed-1.8-bn-investments\" style=\"\" rel=\"noopener\">committed AED 1.8 bn<\/a> to scale its commercial presence in key Dubai business districts. <\/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<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- First Abu Dhabi Bank subsidiary FAB Sukuk priced its USD 600 mn five-year sukuk <\/strong><strong>amid strong demand <\/strong>with a profit rate of 5.2%, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/economy\/islamic-economy\/fab-sukuk-company-prices-600mln-five-year-sukuk-to-list-in-london-k0hqcjxd\" style=\"\" rel=\"noopener\">press release<\/a>. The sukuk \u2014 which was 2x oversubscribed, with initial pricing of T+100 bps \u2014 will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/40901a29-60fe-4d38-851c-1aca42993887\/emirates-nbd,-aldar,-and-fab-tap-debt-markets\" style=\"\" rel=\"noopener\">list<\/a> on the London Stock Exchange, with settlement set for 16 January. This issuance is part of FAB Sukuk\u2019s USD 5 bn trust certificate program.<\/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 bookrunners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">**This story was amended to correct Moody's rating for Aldar, at Baa2, and the rating for the issuance at Baa3.&nbsp;<\/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\/first-abu-dhabi-bank\/\">First Abu Dhabi Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99524\" 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=\"99524\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/adnoc-hands-out-more-infrastructure-contracts-for-al-ruwais-lng-project\/\">\r\n                            Adnoc hands out USD 2.1 bn infrastructure contracts for Al Ruwais LNG project                        <\/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\/10\/adnoc-hands-out-more-infrastructure-contracts-for-al-ruwais-lng-project\/\" 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\/10\/adnoc-hands-out-more-infrastructure-contracts-for-al-ruwais-lng-project\/')\">\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\/10\/adnoc-hands-out-more-infrastructure-contracts-for-al-ruwais-lng-project\/\">\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=Adnoc hands out more infrastructure contracts for Al Ruwais LNG project&url=https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/adnoc-hands-out-more-infrastructure-contracts-for-al-ruwais-lng-project\/\">\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\/10\/adnoc-hands-out-more-infrastructure-contracts-for-al-ruwais-lng-project\/&title=Adnoc hands out more infrastructure contracts for Al Ruwais LNG project\">\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=Adnoc+hands+out+more+infrastructure+contracts+for+Al+Ruwais+LNG+project+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F01%2F10%2Fadnoc-hands-out-more-infrastructure-contracts-for-al-ruwais-lng-project%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\/10\/adnoc-hands-out-more-infrastructure-contracts-for-al-ruwais-lng-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2072.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99525\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/adnoc-hands-out-more-infrastructure-contracts-for-al-ruwais-lng-project\/2072-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2072.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2072.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2072.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2072.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99524\" class=\"content-area-description single-story post-99524 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-adnoc tag-energy tag-enterpriseam-uae tag-lng 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\/.2419a4f4-c7f3-4b61-919a-d534cddd0fcd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Adnoc Gas inks USD 2.1 bn contracts to expand Al Ruwais LNG <\/strong><strong>infrastructure:<\/strong> Abu Dhabi National Oil Company (Adnoc) Gas awarded three contracts worth USD 2.1 bn for supply infrastructure development for its liquified natural gas (LNG) project in Al Ruwais, according to an Adnoc <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/478.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The facilities will be located within Adnoc Gas' Habshan 5 plant, which processes 6.1 bn standard cubic ft of gas per day.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong><\/p>\n<ul>\n<li>A consortium including <a target=\"_blank\" href=\"https:\/\/www.enppi.com\/\" style=\"\" rel=\"noopener\">Engineering for the Petroleum and Process Industries (ENPPI)<\/a> and <a target=\"_blank\" href=\"https:\/\/petrojet.com.eg\/\" style=\"\" rel=\"noopener\">Petrojet<\/a> secured the largest contract to develop a <strong>USD 1.24 bn LNG pre-conditioning plant<\/strong> (LPP).<\/li>\n<li><a target=\"_blank\" href=\"http:\/\/cpp.cnpc.com.cn\/gdjen\/\" style=\"\" rel=\"noopener\">China Petroleum Pipeline Engineering Company<\/a> will develop USD 514 mn transmission pipelines, connecting the Habshan Complex to the Ruwais LNG facility.<\/li>\n<li><a target=\"_blank\" href=\"https:\/\/www.petrofac.com\/where-we-operate\/petrofac-in-the-middle-east\/united-arab-emirates\/\" style=\"\" rel=\"noopener\">Petrofac Emirates<\/a> will develop compression facilities under a USD 335 mn contract.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- These are not the first contracts awarded for Al Ruwais: <\/strong>In <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3a45d3c9-ebc7-426f-ac78-25ac8fefd032\/adnoc-reaches-final-investment-decision-%2B-awards-usd-5.5-bn-contract-for%253cmark%253e-ruwais%253c%2Fmark%253e-lng-project#:~:text=Getting%20the%20ball,in%20March.\" style=\"\" rel=\"noopener\">June<\/a>, Adnoc handed out USD 5.5 bn in engineering, procurement, and construction (EPC) contracts to a JV between engineering companies NMDC Energy, <a target=\"_blank\" href=\"https:\/\/www.ten.com\/en\" style=\"\" rel=\"noopener\">Technip Energies<\/a> and <a target=\"_blank\" href=\"https:\/\/www.jgc.com\/en\/\" style=\"\" rel=\"noopener\">JGC Corporation<\/a>, for its Ruwais LNG project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the facility:<\/strong> Adnoc broke ground on its LNG project in Al Ruwais Industrial City at Al Dhafra Region <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b1639c68-6698-4b4f-a1e6-87c6abcf49fe\/tjx-is-now-a-minority-shareholder-in-brands-for-less\" style=\"\" rel=\"noopener\">in November<\/a>. The oil giant plans to start exporting from the Ruwais site in 2028, with a target of 4.8 mn tonnes per year. The project is expected to more than double Adnoc\u2019s LNG production capacity in the UAE to 15 mn tonnes per year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Adnoc Gas is set to acquire a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ee2c5c60-7a60-4c22-9634-ae56c1d4b7ea\/adnoc-gas-to-acquire-60%2525-of%253cmark%253e-ruwais%253c%2Fmark%253e%253cmark%253e-lng%253c%2Fmark%253e,-to-pour-usd-15-bn-into-growth-by-2029\" style=\"\" rel=\"noopener\">60% stake<\/a> in the project from its parent group Adnoc in 2H 2028 for an estimated USD 5 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OTHER RUWAIS NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CB&I snags major contract for Ruwais LNG project:<\/strong> US based storage facilities and terminal construction player CB&I secured a lump sum contract valued between USD 250 mn and 500 mn for tanks for the Ruwais LNG project, the company announced in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/489.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The award comes from TJN Ruwais JV \u2014 a consortium of Technip Energies France-Abu Dhabi, JGC Corporation, and NMDC Energy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The scope:<\/strong> CB&I will handle the engineering, procurement, and construction (EPC) of two 180k cubic meter full containment concrete LNG tanks, through its offices in the UAE, the US, and Saudi Arabia, and Thailand. The contract includes civil, structural, mechanical, and piping works to support the region\u2019s first net-zero LNG facility. Construction is set to start this November, with project completion targeted for early 2028.<\/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\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/lng\/\">LNG<\/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=\"99526 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=\"99526\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/99526-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99526\" class=\"content-area-description single-story post-99526 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=\"99527\" 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=\"99527\">\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\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/nmdc-group-lands-us-1-1-bn-contract-in-taiwan\/\">\r\n                            NMDC Group lands US 1.1 bn offshore pipeline contract in Taiwan                        <\/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\/10\/nmdc-group-lands-us-1-1-bn-contract-in-taiwan\/\" 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\/10\/nmdc-group-lands-us-1-1-bn-contract-in-taiwan\/')\">\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\/10\/nmdc-group-lands-us-1-1-bn-contract-in-taiwan\/\">\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=NMDC Group lands US 1.1 bn contract in Taiwan&url=https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/nmdc-group-lands-us-1-1-bn-contract-in-taiwan\/\">\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\/10\/nmdc-group-lands-us-1-1-bn-contract-in-taiwan\/&title=NMDC Group lands US 1.1 bn contract in Taiwan\">\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=NMDC+Group+lands+US+1.1+bn+contract+in+Taiwan+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F01%2F10%2Fnmdc-group-lands-us-1-1-bn-contract-in-taiwan%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\/10\/nmdc-group-lands-us-1-1-bn-contract-in-taiwan\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99527\" class=\"content-area-description single-story post-99527 post type-post status-publish format-standard hentry category-energy tag-energy tag-enterpriseam-uae tag-national-marine-dredging-company tag-nmdc-energy 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\/.f031e1d6-b6eb-43d2-81ef-ce4514bc65d4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>NMDC Group lands US 1.1 bn offshore pipeline contract in Taiwan: <\/strong>Abu Dhabi-based <a target=\"_blank\" href=\"https:\/\/nmdc-group.com\/en\/\" style=\"\" rel=\"noopener\">NMDC Group<\/a> secured a US 1.1 bn contract for an offshore pipeline project in Taiwan, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/466.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. The project, awarded by Taiwan\u2019s state-owned power firm <a target=\"_blank\" href=\"https:\/\/www.taipower.com.tw\/2763\/\" style=\"\" rel=\"noopener\">Taipower<\/a>, will be executed by <a target=\"_blank\" href=\"https:\/\/www.nmdc-energy.com\/en\/\" style=\"\" rel=\"noopener\">NMDC Energy<\/a> and <a target=\"_blank\" href=\"https:\/\/www.nmdc-dredgingmarine.com\/en\/\" style=\"\" rel=\"noopener\">NMDC Dredging & Marine<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s the scope? <\/strong>The contract involves the second-phase renewal of the Tung-Hsiao Power Plant on Taiwan\u2019s west coast. NMDC Energy will handle the design, construction, and installation of marine pipelines at depths ranging from 10 to 55 meters, extending between Taichung and Tung-Hsiao. The project will also include connecting the offshore pipeline to the shore over a distance of about 1k meters and dredging approximately 6 mn cubic meters of material. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company has a big portfolio overseas, including in Taiwan:<\/strong> NMDC Group\u2019s project portfolio exceeded AED 24 bn as of September, with 55% of its projects outside the UAE, CEO Ahmed Al Dhaheri told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financial-markets\/53441\/%D8%A8%D8%B9%D8%AF-%D8%A3%D9%83%D8%A8%D8%B1-%D8%B7%D8%B1%D8%AD-%D8%A8%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A3%D8%B3%D9%87%D9%85-nmdc-%D8%AA%D8%B1%D8%AA%D9%81%D8%B9-%D8%A8%D8%B3%D9%88%D9%82-%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> recently. The company in 2022 <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2022\/04\/18\/abu-dhabis-npcc-secures-99m-contract-to-build-taiwan-wind-farm\/\" style=\"\" rel=\"noopener\">secured a USD 99 mn contract<\/a> to work on an offshore wind farm in Taiwan, and is also working on a carbon capture and storage initiative in Malaysia, Al Dhaheri said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>NMDC Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6fd1f54f-2a08-4db2-bb29-95548d661e52\/%253cmark%253enmdc%253c%2Fmark%253e%253cmark%253e-energy%253c%2Fmark%253e-closes-aed-3.2-bn-ipo-with-31x-oversubscription-rate%3B-shares-start-trading-11-september\" style=\"\" rel=\"noopener\">raised AED 3.22 bn<\/a> from the ADX IPO of its EPC arm, NMDC Energy, last September after receiving over AED 88 bn in orders. By November, the group was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/6886d3d2-94a6-4705-bee9-1d9c3cf6e035\/this-morning:-adnoc%25e2%2580%2599s-covestro-takeover-gets-management-nod-%2B-cbuae-cuts-rates-in-line-with-fed\" style=\"\" rel=\"noopener\">pursuing AED 76 bn in new tenders<\/a> and planning acquisitions, with its new logistics arm NMDC LTS <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/cb892b2b-9674-4d9a-8353-7117e2381ba8\/%253cmark%253enmdc%253c%2Fmark%253e-lts-to-snap-up-70%2525-of-emdad\" style=\"\" rel=\"noopener\">agreeing to acquire<\/a> a 70% stake in Abu Dhabi-based oil and gas services firm Emdad, later in December. <\/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\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/national-marine-dredging-company\/\">National Marine Dredging Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/nmdc-energy\/\">NMDC Energy<\/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=\"99528\" 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=\"99528\">\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\">REAL ESTATE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/mantra-to-tokenize-usd-1-bn-damac-group-assets-in-the-middle-east\/\">\r\n                            Mantra to tokenize USD 1 bn Damac Group assets in the Middle East                        <\/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\/10\/mantra-to-tokenize-usd-1-bn-damac-group-assets-in-the-middle-east\/\" 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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Damac\u2019s tokenized assets \u2014 including real estate, hospitality, and data centers \u2014 will be available on the Mantra chain early this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sound smart:<\/strong> Asset tokenization allows rights or ownership of assets to be converted into digital tokens on a blockchain, which can then be owned and traded online. The concept is picking up steam in the UAE, where regulators are paving the way for more mainstream use of blockchain and tokenization, and where the real estate sector attracts large amounts of investments every year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Damac is on an asset expansion roll:<\/strong> Earlier this week, the company announced a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9c290964-d78a-4b6d-b507-7d0da106f109\/damac-properties-to-invest-usd-20-bn-in-us-data-center-expansion\" style=\"\" rel=\"noopener\">USD 20 bn investment<\/a> in US data centers. \u201cTokenizing our assets will provide investors with a secure, transparent, and convenient way to access a wide range of investment opportunities,\u201d Amira Sajwani, Damac\u2019s managing director of sales and development, said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mantra <\/strong><strong>\u2764\ufe0f the UAE:<\/strong> Mantra partnered with MAG Property Development in July last year to tokenize <a target=\"_blank\" href=\"https:\/\/www.mantrachain.io\/resources\/announcements\/uae-real-estate-giant-mag-partners-with-mantra-to-tokenize-500-million-in-real-estate-assets\" style=\"\" rel=\"noopener\">USD 500 mn<\/a> worth of real estate assets, starting with a residential project in Dubai. The Hong Kong-based blockchain also signed an MoU with digital bank <a target=\"_blank\" href=\"https:\/\/www.zand.ae\/en\" style=\"\" rel=\"noopener\">Zand Bank<\/a> to facilitate the tokenization of real-world assets <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/69ce71d1-7c5a-4bf3-8f65-42331fd3475e\/ebs-lands-aed-225-mn-steel-supply-contracts-for-uae-and-saudi-projects\" style=\"\" rel=\"noopener\">in June<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The Dubai Land Department launched a blockchain platform <a target=\"_blank\" href=\"https:\/\/dubailand.gov.ae\/en\/news-media\/dubai-land-department-achieves-a-technical-milestone-with-the-adoption-of-blockchain-technology-in-cooperation-with-smart-dubai-and-other-partners\/\" style=\"\" rel=\"noopener\">in 2017<\/a> to record real estate contracts and integrate them with utilities and telecom accounts. The initiative aims to position the emirate as a global hub for digital assets, including crypto, and attract leading firms.<\/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\/damac-group\/\">Damac Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/real-estate\/\">Real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/tech\/\">tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99530\" 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=\"99530\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/new-personal-status-law-taking-effect-in-april-sets-new-custody-marriage-and-divorce-regulations\/\">\r\n                            New personal status law taking effect in April sets new custody, marriage, and divorce regulations                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/new-personal-status-law-taking-effect-in-april-sets-new-custody-marriage-and-divorce-regulations\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The legal age for marriage has been set at 18 years, while custody termination age was set at 18 years, extended from 11 years for males and 13 years for females previously. The law will take effect as of 1 April, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/news\/uae\/2025\/01\/09\/new-uae-family-law-to-bolster-rights-of-muslim-mothers-and-children-in-custody-cases\/\" style=\"\" rel=\"noopener\">the National<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other reforms include: <\/strong><\/p>\n<ul>\n<li><strong>The transfer of marriage guardianship to the court<\/strong>, making the court a backstop if a family guardian refuses to grant permission for a marriage;<\/li>\n<li><strong>Elimination of the requirement for a guardian\u2019s consent if a non-citizen Muslim woman\u2019s national law does not require it<\/strong> for marriage;<\/li>\n<li><strong>Giving non-Muslim women the right to claim custody over children over the age of five<\/strong>, and <strong>allowing children decision over their guardianship as of the age of 15<\/strong>; <\/li>\n<li><strong>Increased flexibility for family court judges<\/strong>, allowing them to rule according to Islamic law in case of the absence of provisions within the law;<\/li>\n<li><strong>Allowing spouses to seek divorce on grounds of harm<\/strong> due to addiction to narcotics or intoxicants, and clarifying provisions for reclaiming gifts and dowries in cases of abandoned engagements; <\/li>\n<li><strong>New penalties for offenses such as unauthorized travel with minors and neglect<\/strong>, with fines ranging from AED 5k to AED 100k or imprisonment for violations related to child welfare.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The UAE established a Family Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d8609474-02db-4f61-b7c9-b61a3cd8b076\/the-uae-now-has-a%253cmark%253e-family%253c%2Fmark%253e-ministry\" style=\"\" rel=\"noopener\">last year<\/a> focused on managing grants, providing counseling, and offering programs for prospective couples. It also implements measures to protect families and individuals from violence and improve child welfare. The changes come as more expats set up shop in the country, with a view to standardize legislation and make it more expat-friendly. <\/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\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/legislation-watch\/\">LEGISLATION WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99532\" 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=\"99532\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/taaleem-sees-net-income-rise-in-1q-2024-2025-on-increased-enrollment\/\">\r\n                            Taaleem sees net income rise in 1Q 2024-2025 on increased enrollment                        <\/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\/10\/taaleem-sees-net-income-rise-in-1q-2024-2025-on-increased-enrollment\/\" 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\/10\/taaleem-sees-net-income-rise-in-1q-2024-2025-on-increased-enrollment\/')\">\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\/10\/taaleem-sees-net-income-rise-in-1q-2024-2025-on-increased-enrollment\/\">\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=Taaleem sees net income rise in 1Q 2024-2025 on increased enrollment&url=https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/taaleem-sees-net-income-rise-in-1q-2024-2025-on-increased-enrollment\/\">\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\/10\/taaleem-sees-net-income-rise-in-1q-2024-2025-on-increased-enrollment\/&title=Taaleem sees net income rise in 1Q 2024-2025 on increased enrollment\">\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=Taaleem+sees+net+income+rise+in+1Q+2024-2025+on+increased+enrollment+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F01%2F10%2Ftaaleem-sees-net-income-rise-in-1q-2024-2025-on-increased-enrollment%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\/10\/taaleem-sees-net-income-rise-in-1q-2024-2025-on-increased-enrollment\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/547.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99533\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/taaleem-sees-net-income-rise-in-1q-2024-2025-on-increased-enrollment\/547-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/547.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"547.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/547.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/547.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99532\" class=\"content-area-description single-story post-99532 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-education tag-enterpriseam-uae tag-taaleem 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\/.9ead3a74-091c-4237-94eb-5f80413703f9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Education provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.taaleem.me\/\" style=\"\" rel=\"noopener\">Taaleem<\/a><\/strong><strong> recorded a bottom line of AED 68.2 mn in <\/strong><strong>1Q 2024-25<\/strong>, up 46.3% y-o-y, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/499.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Operating revenues grew 14.8% y-o-y to AED 306.1 mn, driven by a 12.3% rise in enrollment and a 3% uptick in premium schools\u2019 average gross tuition fees. The company\u2019s fiscal year starts in September. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Taaleem\u2019s public-private partnership schools recorded an 8.1% y-o-y rise in enrolment during 1Q 2024-25<\/strong>, driven by the expansion of three Dubai School campuses and the addition of a new Charter School in Abu Dhabi, collectively adding 8.6k seats. Premium schools under Taaleem\u2019s portfolio saw an 18.7% y-o-y increase in enrolment, with capacity rising 28% during the period following the launch of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0ecaa9c4-8f55-4498-a3bc-fced967196fe\/comfi-secures-usd-5-mn-debt-facility-for-b2b-payments-expansion-in-uae-and-ksa#:~:text=Education%20provider%20Taaleem,its%20high%20demand.%E2%80%9D\" style=\"\" rel=\"noopener\">DBS Jumeira<\/a> and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/baaf1983-ad67-46c8-9aaf-09119f80b490\/%253cmark%253etaaleem%253c%2Fmark%253e-takes-over-dubai-based-french-school\" style=\"\" rel=\"noopener\">acquisition of LLFP Meydan<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Taleem has three more schools in the pipeline: <\/strong>Taaleem is set to open its new school Dubai British School Mira by September this year, following the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0ecaa9c4-8f55-4498-a3bc-fced967196fe\/comfi-secures-usd-5-mn-debt-facility-for-b2b-payments-expansion-in-uae-and-ksa#:~:text=Education%20provider%20Taaleem,its%20high%20demand.%E2%80%9D\" style=\"\" rel=\"noopener\">launch<\/a> of Dubai British School Jumeira last August. The company is currently building two premium schools, targeting \u201ca niche audience,\u201d the statement reads.<\/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\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/taaleem\/\">Taaleem<\/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=\"99534\" 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=\"99534\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/jumeirah-group-taps-new-ceo-farnek-gets-new-md\/\">\r\n                            Jumeirah Group taps new CEO + Farnek gets new MD                        <\/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\/10\/jumeirah-group-taps-new-ceo-farnek-gets-new-md\/\" 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\/10\/jumeirah-group-taps-new-ceo-farnek-gets-new-md\/')\">\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\/10\/jumeirah-group-taps-new-ceo-farnek-gets-new-md\/\">\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=Jumeirah Group taps new CEO + Farnek gets new MD&url=https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/jumeirah-group-taps-new-ceo-farnek-gets-new-md\/\">\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\/10\/jumeirah-group-taps-new-ceo-farnek-gets-new-md\/&title=Jumeirah Group taps new CEO + Farnek gets new MD\">\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=Jumeirah+Group+taps+new+CEO+%2B+Farnek+gets+new+MD+https%3A%2F%2Fenterpriseam.com%2Fuae%2F2025%2F01%2F10%2Fjumeirah-group-taps-new-ceo-farnek-gets-new-md%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\/10\/jumeirah-group-taps-new-ceo-farnek-gets-new-md\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/494.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99535\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/jumeirah-group-taps-new-ceo-farnek-gets-new-md\/494-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/494.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"494.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/494.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/494.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99534\" class=\"content-area-description single-story post-99534 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseam-uae tag-farnek tag-hospitality tag-jumeirah-group tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.60bdf2d6-43ce-4095-8be1-1d4e9995bafc.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jumeirah gets new CEO: <\/strong>State-owned luxury hotel brand <a target=\"_blank\" href=\"https:\/\/www.jumeirah.com\/en\" style=\"\" rel=\"noopener\">Jumeirah Group<\/a> appointed Thomas Meier (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/thomas-b-meier-98a3ba182\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as its new CEO, according to a <a target=\"_blank\" href=\"https:\/\/www.jumeirah.com\/en\/jumeirah-group\/press-centre\/press-releases\/press-releases-for-2025\/jumeirah-appoints-thomas-b-meier-as-ceo-to-drive-global-growth-ambitions\" style=\"\" rel=\"noopener\">press<\/a><a target=\"_blank\" href=\"https:\/\/www.jumeirah.com\/en\/jumeirah-group\/press-centre\/press-releases\/press-releases-for-2025\/jumeirah-appoints-thomas-b-meier-as-ceo-to-drive-global-growth-ambitions\" style=\"\" rel=\"noopener\">release<\/a>. Meier, who joined the group in 2021 as COO, has been serving as interim CEO. He previously led operations and expansion for brands including luxury hotel chain, Raffles.<\/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>Farnek appoints new managing director:<\/strong> UAE-based smart and green facilities management company <a target=\"_blank\" href=\"https:\/\/www.farnek.com\/\" style=\"\" rel=\"noopener\">Farnek<\/a> tapped Julian Khalil (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/julian-khalil\/?originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>) as its new managing director, the company said in a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/ar\/%D8%A7%D9%84%D8%A8%D9%8A%D8%A7%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A%D8%A9\/%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1-%D8%A7%D9%84%D9%85%D8%B3%D8%A4%D9%88%D9%84%D9%8A%D9%86\/%D9%81%D8%A7%D8%B1%D9%86%D9%83-%D8%AA%D8%B9%D9%8A%D9%86-%D8%AC%D9%88%D9%84%D9%8A%D8%A7%D9%86-%D8%AE%D9%84%D9%8A%D9%84-%D9%83%D9%85%D8%AF%D9%8A%D8%B1-%D8%A5%D8%AF%D8%A7%D8%B1%D9%8A-%D8%AC%D8%AF%D9%8A%D8%AF-%D9%84%D9%84%D8%B4%D8%B1%D9%83%D8%A9-y7x2k2yf\" style=\"\" rel=\"noopener\">press release<\/a>. Overseeing corporate strategy implementation, operational management, strategic business development, and financial performance now fall under his remit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> German-national Khalil has been at Farnek for 13 years, and previously held the role of VP of operations at Farnek.<\/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\/farnek\/\">Farnek<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/jumeirah-group\/\">Jumeirah Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99536\" 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=\"99536\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/more-hedge-funds-law-firms-set-up-shop-in-the-uae-dubais-first-vertiport-gets-design-approval\/\">\r\n                            More hedge funds, law firms set up shop in the UAE + Dubai\u2019s first vertiport gets design approval                        <\/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\/10\/more-hedge-funds-law-firms-set-up-shop-in-the-uae-dubais-first-vertiport-gets-design-approval\/\" target=\"_blank\">\n                    Open 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href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/more-hedge-funds-law-firms-set-up-shop-in-the-uae-dubais-first-vertiport-gets-design-approval\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1135.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"99537\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/more-hedge-funds-law-firms-set-up-shop-in-the-uae-dubais-first-vertiport-gets-design-approval\/1135-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1135.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1135.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1135.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1135.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99536\" class=\"content-area-description single-story post-99536 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-business tag-crypto tag-dispute-watch tag-enterpriseam-uae tag-finance tag-hedge-funds tag-mastercard tag-skadden tag-sustainability tag-waste-management 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\/.6ebb8a6b-c28d-4db1-922b-73b906da60a4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The global finance rush to Dubai and Abu Dhabi continues: <\/strong>Four firms are setting up offices in the UAE after getting their licenses. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Pennsylvania<\/strong>-<strong>based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.hamiltonlane.com\/en-us\" style=\"\" rel=\"noopener\">Hamilton Lane<\/a><\/strong><strong> is setting up shop in Dubai<\/strong>, having recently obtained a license from the Dubai Financial Services Authority, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-09\/hamilton-lane-welwing-join-investment-firms-expanding-to-dubai\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The firm, which manages nearly USD 950 bn in assets, registered its CFO, Jeffrey Armbrister, as a senior manager for the new unit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Hong Kong-based hedge fund<\/strong> <a target=\"_blank\" href=\"https:\/\/www.welwingcapital.com\/\" style=\"\" rel=\"noopener\">Welwing Capital<\/a> also received its license last week, while tech-focuses hedge fund <strong><a target=\"_blank\" href=\"https:\/\/jethaglobal.com\/\" style=\"\" rel=\"noopener\">Jetha Global<\/a><\/strong><strong> is also transitioning its operations from Hong Kong to Dubai, <\/strong>with plans to complete the relocation by March. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Skadden joins the island:<\/strong> New York-based law firm <a target=\"_blank\" href=\"https:\/\/www.skadden.com\/\" style=\"\" rel=\"noopener\">Skadden<\/a> is setting up an office in ADGM to capitalize on increasing investment activity in the Middle East, according to a <a target=\"_blank\" href=\"https:\/\/www.skadden.com\/about\/news-and-rankings\/news\/2025\/01\/skadden-opens-office-in-abu-dhabi-global-market\" style=\"\" rel=\"noopener\">statement<\/a>. The firm appointed Michael Hilton to lead its new office. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In context:<\/strong> Skadden is joining several other US law firms expanding in the Middle East, a region traditionally dominated by London\u2019s \u201cMagic Circle\u201d firms. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c4675001-64e0-452f-a396-18d8504cff2a\/%253cmark%253ebaker%253c%2Fmark%253e%253cmark%253e-mckenzie%253c%2Fmark%253e-relocates-london-funds-partner-to-abu-dhabi\" style=\"\" rel=\"noopener\">Last year<\/a>, <a target=\"_blank\" href=\"https:\/\/www.bakermckenzie.com\/en\/\" style=\"\" rel=\"noopener\">Baker McKenzie<\/a> relocated one of its leading partners from London to Abu Dhabi to capitalize on these opportunities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Dubai\u2019s first flying taxi vertiport gets design approval:<\/strong> The General Civil Aviation Authority (GCAA) has given its approval for the designs for the UAE\u2019s first commercial vertiport for flying taxis, Dubai International Vertiport (DXV), paving the way for operations to begin in 2026, Skyports said in a <a target=\"_blank\" href=\"https:\/\/skyports.net\/skyports-receives-technical-design-approval-from-general-civil-aviation-authority-for-first-commercial-vertiport-in-the-uae\/\" style=\"\" rel=\"noopener\">statement<\/a>. DXV, located near Dubai International Airport (DXB), will serve as a hub for the takeoff, landing, and servicing of air taxis, and is the first of four vertiports planned in Dubai to receive design approval.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The 3.1k sqm facility, developed by Skyports Infrastructure in collaboration with Dubai\u2019s Roads and Transport Authority (RTA) and Joby Aviation, will feature electric charging stations and passenger facilities, and is expected to handle 42k landings and 170k passengers annually, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/aviation\/uaes-first-vertiport-for-flying-taxis-named-dxv\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>PCFC authorized for drone operations within its zones<\/strong><strong>: <\/strong>The Dubai Civil Aviation Authority (DCAA) will enable the Ports, Customs, and Free Zone Corporation (PCFC) to use drones in its operational domains and in specific geographic zones, under an MoU signed between the two, according to the <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2025\/january\/09-01\/dubai-civil-aviation-authority-and-ports\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The MoU also outlines requirements and procedures for certification requests for heliport landing fields owned by PCFC.<\/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\">SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Preparations are underway to launch two UAE-made satellites this <\/strong><strong>month<\/strong>, the projects\u2019 overseer <a target=\"_blank\" href=\"https:\/\/x.com\/MBRSpaceCentre\/status\/1877243657318695268\" style=\"\" rel=\"noopener\">Mohammed Bin Rashid Space Centre<\/a> (MBRSC) said. The earth observation satellites, MBZ-SAT and HCT-SAT 1, will be launched aboard Elon Musk\u2019s SpaceX Falcon 9 rocket from its Vandenberg Space Force Base in California, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/space\/uae-made-mbz-sat-to-blast-off-in-january-2025-from-california\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Space X was also tapped <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/47e80bdc-d9d4-4299-bdae-840d944da59b\/yahsat-to-launch-its-aed-3.9-bn-satellites-through-musk%25e2%2580%2599s-spacex\" style=\"\" rel=\"noopener\">last summer<\/a> to launch two satellites for Abu Dhabi\u2019s Yahsat in 2027 and 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- TII to develop lander for UAE\u2019s asteroid mission: <\/strong><a target=\"_blank\" href=\"https:\/\/space.gov.ae\/ar\/home\" style=\"\" rel=\"noopener\">The UAE Space Agency<\/a> tapped the <a target=\"_blank\" href=\"https:\/\/www.tii.ae\/\" style=\"\" rel=\"noopener\">Technology Innovation Institute (TII)<\/a> to design and develop the lander for the Emirates Mission to the Asteroid Belt (EMA), according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2025\/january\/09-01\/hamdan-bin-mohammed-attends\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. The lander \u2014 which will take six years to develop \u2014 will be on board the MBR Explorer and is set to study seven asteroids, before deploying the lander on Justitia. <\/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\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Commercial Bank International (CBI) invested in US-based carbon project devel<\/strong><strong>oper <\/strong><strong><a target=\"_blank\" href=\"https:\/\/boomitra.com\/\" style=\"\" rel=\"noopener\">Boomitra<\/a><\/strong> to support its agricultural initiatives across the Middle East, Africa, and Asia, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/cbi-invests-in-boomitra-to-advance-regenerative-agriculture-across-the-middle-east-africa-and-asia-pmocc1rp\" style=\"\" rel=\"noopener\">press release<\/a>. Details about the size of the investment were not disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Boomitra: <\/strong><strong><a target=\"_blank\" href=\"https:\/\/boomitra.com\/\" style=\"\" rel=\"noopener\">Boomitra<\/a><\/strong> is an international soil carbon project developer that uses AI and remote sensing technology to measure soil carbon sequestration. This method aims to improve soil health, increase crop yields, and produce carbon credits that provide financial incentives for farmers. <\/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\">CRYPTO-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mastercard launched its crypto credential solution, which allows users to send and receive cryptocurrencies using aliases, in the UAE and Kazakhstan<\/strong>, marking its debut in the Eastern Europe, Middle East, and Africa region, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/mastercard-crypto-credential-launches-in-the-uae-and-kazakhstan-simplifying-cryptocurrency-transactions-brq9t3mj\" style=\"\" rel=\"noopener\">press release<\/a>. The system also aims to verify transactions by confirming that the recipient\u2019s wallet supports the asset and meets verification standards. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next?<\/strong> While the initial focus is on peer-to-peer transfers, Mastercard plans to expand its capabilities to areas like NFTs, ticketing, and innovative payments. <\/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\">DISPUTE WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai-based oil and gas firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.horizon-glob.com\/\" style=\"\" rel=\"noopener\">Horizon Global<\/a><\/strong><strong> reached a settlement with Po<\/strong><strong>lish oil refiner Orlen, <\/strong>allowing Orlen to recover USD 100 mn of the USD 400 mn in prepayments made to several companies for Venezuelan and other oil that was never delivered, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/orlen-reaches-deal-recoup-100-million-missing-oil-payments-source-says-2025-01-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The funds will be received in multiple installments by the end of the year. Orlen is still pursuing the recovery of the remaining USD 300 mn from other intermediaries involved in these transactions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Last year, Horizon Global had said it was involved in an arbitration with Orlen's Swiss trading business OTS, the newswire said. The settlement is part of an ongoing investigation by Polish prosecutors into the loss of the prepayments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TRADE FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ECI taps Al Maryah Bank for export initiative:<\/strong> Etihad Credit Ins. (ECI) tapped Al Maryah Community Bank to provide financing to UAE exporters and re-exporters under ECI\u2019s \u2018Xport Xponential\u2019 initiative, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/eci-and-al-maryah-community-bank-sign-mou-to-elevate-xport-xponential-initiative-and-drive-economic-growth-muka7ro5\" style=\"\" rel=\"noopener\">press release<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WASTE MANAGEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE tapped waste manager <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.beeahgroup.com\/\" style=\"\" rel=\"noopener\">Beeah Group<\/a><\/strong><strong> to develop<\/strong><strong> a national waste exc<\/strong><strong>hange platform <\/strong>to enable the buying and selling of recyclable waste, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/the-uae-council-for-environmental-and-municipal-work-launches-a-collaboration-to-establish-a-national-recyclable-waste-exchange-platform-qat7ewri\" style=\"\" rel=\"noopener\">press release<\/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\/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\/business\/\">business<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/crypto\/\">CRYPTO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/dispute-watch\/\">dispute watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/finance\/\">Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/hedge-funds\/\">hedge funds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/mastercard\/\">Mastercard<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/skadden\/\">Skadden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sustainability\/\">sustainability<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/waste-management\/\">waste management<\/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=\"99538\" 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=\"99538\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/global-fixed-income-issuances-hit-a-new-high-in-2024\/\">\r\n                            Global fixed-income issuances hit a new high in 2024                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/global-fixed-income-issuances-hit-a-new-high-in-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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data-attachment-id=\"99539\" data-permalink=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/global-fixed-income-issuances-hit-a-new-high-in-2024\/1775-jpg-34\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1775.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1775.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1775.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1775.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99538\" class=\"content-area-description single-story post-99538 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-bond tag-debt tag-enterpriseam-uae tag-planet-finance tag-sukuk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.0dd9b9b4-e9f2-4d9c-828f-a2f889222852.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global fixed-income issuances rose by 20% y-o-y to an all-time high of US<\/strong><strong>D 10.7 <\/strong><strong>tn in 2024<\/strong>, according to a recent <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/475.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> by Kuwait-based financial firm Kamco Invest, citing data from LSEG. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Mena region\u2019s bond issuances reached a three-year high in 2024 due to a surge in corporate issuances.<\/strong> Aggregate bond issuances rose by 39.4% y-o-y to 141.1 bn in 2024, with governments raising USD 68.9 bn and corporate issuances increasing by 77.4% y-o-y to USD 72.2 bn. GCC issuances dominated, accounting for 73% of the MENA total, hitting a record USD 103.4 bn, up 70.9% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE led the region and the GCC in bond issuances<\/strong>, with USD 49.7 bn during the year, up from USD 31.2 bn in 2023, followed by Saudi Arabia, which issued USD 30.8 bn in bonds, and Qatar, which issued USD 16.8 bn. Saudi Arabia was the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4e9087c9-46ec-49b7-bab4-6cfaad792df4\/uae-was-the-second-biggest-issuer-of-fixed-income-instruments-in-2024--%253cmark%253ekamco%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">biggest issuer<\/a> of fixed-income instruments in the GCC region with USD 84 bn, followed by the UAE at USD 61 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total sovereign bond issuances rose to USD 33.3 bn in 2024<\/strong>, up from USD 20.2 in 2023. Meanwhile, GCC corporate issuances rose to USD 70.1 bn in 2024 from USD 40.3 bn in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sukuk are still on the rise: <\/strong>Global sukuk issuances hit a three-year high at USD 132.5 bn, up 9.3% y-o-y, with the GCC contributing USD 82.1 bn. Saudi Arabia took the top spot at USD 54.9 bn, driven by soaring government issuances, followed by Malaysia (USD 25.7 bn) and the UAE (USD 11.1 bn).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expect a strong year for GCC issuances:<\/strong> While global fixed-income issuances are expected to cool amid higher yields and elevated global debt, GCC markets could see a 2H recovery as inflation and rates stabilize. A strong pipeline of projects, along with a dip in oil prices, is also expected to drive government issuances, while sukuk issuances are set to dominate, fueled by demand for sustainable finance and ESG trends. <\/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 down in early trading<\/strong>, except for Hong Kong\u2019s Hang Seng, which is up 0.4% after the People\u2019s Bank of China said it would suspend treasury bond purchases. <strong>Over on Wall Street<\/strong>, futures also indicate markets will open in the red, with futures for S&P 500, the Dow Jones, and the Nasdaq all down as investors await fresh nonfarm payrolls data for a clearer indication of the US Federal Reserve\u2019s next moves on interest rates. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tbody>\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>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,463<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +0.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,229<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: 1.4%)<\/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>Nasdaq Dubai UAE20<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,263<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: +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\">4.3% 1 yr<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>TASI<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,098<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +0.5%)<\/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>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\">29,445<\/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% (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>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,918<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +0.6%)<\/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\">8,320<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8% (YTD: +1.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,018<\/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: 2.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 77.26<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/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 3.69<\/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%<\/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 2,670<\/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%<\/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 92,825<\/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\">-2.4% (YTD: -5.7%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CLOSING BELL-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ADX fell 0.03% yesterday<\/strong> on turnover of AED 1.1 bn. The index is up 0.5% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Gulf Pharmaceutical Industries (+14.7%), Umm Al Qaiwain General Investment Co. (+6.9%) and Gulf Medical Projects Company (+5.0%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Abu Dhabi National Co. for Building Materials (-6.8%), Commercial Bank International (-3.7%) and Abu Dhabi Ports Company (-2.0%). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, the index rose 0.4% on turnover of AED 691.1 mn. Meanwhile, Nasdaq Dubai rose 2.4%.<\/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\/bond\/\">bond<\/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\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/sukuk\/\">Sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99540\" 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=\"99540\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">MY MORNING ROUTINE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/01\/10\/my-morning-routine-hind-al-mulla-founder-and-creative-director-of-home-bakery\/\">\r\n                            My Morning Routine: Hind Al Mulla, founder and creative director of Home Bakery                        <\/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\/10\/my-morning-routine-hind-al-mulla-founder-and-creative-director-of-home-bakery\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Speaking to us this week is Hind Al Mulla (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/hind-al-mulla-ab087012\/?original_referer=https%3A%2F%2Fwww%2Egoogle%2Ecom%2F&originalSubdomain=ae\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), the founder and director of <a target=\"_blank\" href=\"https:\/\/homebakery.ae\/?srsltid=AfmBOopYdQBeZP3zUsc1T_auq-gTM422eKfbipqiCFhAaVvyCOuq3szd\" style=\"\" rel=\"noopener\">Home Bakery<\/a>.<strong> Edited excerpts from our conversation:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I\u2019m Hind Al Mulla.<\/strong> First and foremost, I'm a daughter, then a wife, then a mother, and now, I can say co-founder and creative director of Home Bakery.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Home Bakery started with my passion for baking. <\/strong>I started experimenting at the age of 10 in the kitchen, but that doesn't mean that whatever came out of the kitchen was amazing. It was failure after failure until the age of 13, when I mastered a vanilla souffl\u00e9. After that, every day my dad would ask me, whenever we had guests over, \u201cHind, can you please make desserts?\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Later, I graduated from art and de<\/strong><strong>sign from Zayed University. <\/strong>As soon as I graduated, I got married and became a mother. It's fulfilling as it is to be a mother, but at the same time I felt this emptiness inside me because I felt that I needed to create, and like my creative juices had dried up a little bit, so I started going back to the kitchen and baking again. Family members and people I know started asking me to make desserts for them for their guests, and that\u2019s how it all started.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> There was no business plan. <\/strong>I went and got another number and phone and asked my mom to use her driver, and set up a blog, and that was it. My first order was from Abu Dhabi, and then I started getting orders from across the UAE. This was in 2011, after Ramadan, and then the following Ramadan was nothing like I expected \u2014 the orders were coming in everyday and people wanted a quick turnaround. I got my cousins to help me out because I was working 23 hours a day. That\u2019s when I realized that this was not sustainable, and I decided I needed a shop. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ten years ago, the idea of a homegrown brand coming out and having its own standalone shop did not exist.<\/strong> It was predominantly franchises. The idea of an Emirati opening up something like this was unheard of. Whatever mall I knocked doors on, I was shut down, until one mall finally opened its doors for me. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I decided now that I have a location that I want to create an experience for customers.<\/strong> I want people to eat with their eyes first, so when they see the dessert or the dish that's coming in front of them, it's as appetizing as the dessert itself. I wanted there to be action so that when you look at the dessert, something is melting or bubbling \u2014 because that\u2019s something that you can\u2019t take away. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I knew how to run a kitchen, but I knew nothing about how to run a restaurant. <\/strong>I remember how hectic the first day was, and the staff was struggling, so I decided to put on an apron, and my siblings did the same, and we worked. People were coming in just to see the locals working at a restaurant [laughs] \u2014 it was unheard of.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Word got around to Sheikh Mohammed bin Rashid Al Maktoum that locals are working [at this cafe]. <\/strong>He wanted to come and see for himself, and he walked into the store and asked us what we\u2019re doing. We explained that it\u2019s our cafe and we\u2019re still learning how to run things, and he patted my brother on the back and said: \u201cGood job, this is how I want you guys to be.\u201d Sheikh Mohammed later came back with President Sheikh Mohammed bin Zayed and the whole cabinet and invited them over to see the cafe. This was like the pillar of all my achievements. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Right now, we have 11 shops in the UAE, with two more coming up.<\/strong> We have one in Saudi Arabia that\u2019s two and a half years old, and we\u2019re opening another one in Riyadh. We have the original Home Bakery, which serves breakfast and desserts, and Home Bakery Kitchen for lunch and dinner, and our roastery and specialty coffee store La Gente. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Every day is different. <\/strong>Mondays are for external meetings \u2014 so it\u2019s open for any meetings outside of the office, whether we're meeting with people who want to collaborate with us, or events, or suppliers. Tuesdays are for internal meetings at the office; we have a big meeting and then I meet with the project manager for all our upcoming projects, and I sit with accounts and marketing. Wednesday is for tasting, and Thursdays are for workshops with designers working on our branches and site visits. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I keep Fridays for myself. <\/strong>I meet my friends, I spend the afternoon at my grandma's house, and then Saturday and Sunday are for my kids and family. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My mornings are very calm and quiet <\/strong>\u2014 I wake up around 5am, start the day with the Fajr prayer, have some tea, and read some prayers. I do some stretches as well. There are days where I train in the morning, but sometimes I train midday while the kids are getting picked up from school. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> I struggled my whole life with ADHD<\/strong>, and to be organized and on time. When things become chaotic and I feel like I'm a little bit overwhelmed, I just need a day of doing nothing to go and look at my schedule. I reorganize things and I force myself to be disciplined, because it doesn't come easy to me. I\u2019ve also invested in a grounding mattress \u2014 and had to make sure there was no EMF radiation near my bed \u2014 and it is life saving. I also do infrared saunas twice a week, and I castor oil pack to calm myself every night. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the future, I see the brand expanding, not just in the restaurant field, but on the merchandise side<\/strong>, like venturing into things like spices and sauces. I also see us creating concepts for other people. We have a lot of people who come and approach us for help with kitchen design, so we do a lot of that and try to help those concepts come to life. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s also a lot of restaurants that don't want to invest in desserts because of the cost of staffing and equipment<\/strong>, so we want to branch out and provide a curated menu for restaurants where they can get all the menu items already prepared, so they could just finish it off in the restaurant. In terms of expansions, we have our eyes on the Middle East and branching out there more, as well as the UK and the US. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I love reading books, specifically fiction and mystery books. <\/strong>For self-help, I go for audiobooks. The one I\u2019m listening to right now is <a target=\"_blank\" href=\"https:\/\/stolenfocusbook.com\/\" style=\"\" rel=\"noopener\">Stolen Focus<\/a>. It's about disconnecting from the Internet, and it\u2019s a very interesting outlook on life and how people are so unfocused nowadays because of their phones, iPads, and laptops, and how just a break from that can really get your brain to quiet down. When it comes to podcasts, I like Oprah's <a target=\"_blank\" href=\"https:\/\/www.oprah.com\/app\/super-soul-sunday.html\" style=\"\" rel=\"noopener\">Super Soul Sundays<\/a>, and <a target=\"_blank\" href=\"https:\/\/apps.apple.com\/sa\/app\/radio-thmanyah-%D8%B1%D8%A7%D8%AF%D9%8A%D9%88-%D8%AB%D9%85%D8%A7%D9%86%D9%8A%D8%A9\/id1641282078\" style=\"\" rel=\"noopener\">Radio Thmaneyah<\/a>, and <a target=\"_blank\" href=\"https:\/\/open.spotify.com\/show\/1j6m7k17tLCOt7TI7uEJz1\" style=\"\" rel=\"noopener\">Finjan<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The best piece of advice I\u2019ve received was from my dad. <\/strong>He always told me that there\u2019s no such thing as impossible.  <\/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\/food-and-beverage\/\">food and beverage<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/uae\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"99542\" 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\/10\/99542-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-99542\" class=\"content-area-description single-story post-99542 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>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 style=\"font-weight:400;\">, Expo Center, Sharjah.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-15 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 Center (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 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 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 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>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>21-23 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/icpm.ae\/index.html\" style=\"\">The International Conference on Pharmacy and Medicine<\/a><\/span><span>, <\/span><span>The Sharjah Research, Technology, and Innovation Park, Sharjah.<\/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>7 February-29 April (Friday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.abudhabifestival.ae\/programme-tickets\" style=\"\">The Abu Dhabi Festival<\/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>10-11 February (Monday-Tuesday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mromiddleeast.aviationweek.com\/en\/home.html\" style=\"\">MRO Middle East and Aircraft Interiors 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>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 style=\"font-weight:400;\">, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 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>1 April (Tuesday): New ADGM employment regulations come into effect.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1 April (Tuesday): New <\/span><span style=\"font-weight:400;\">personal status law comes into effect.<\/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 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>13-15 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 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>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 style=\"font-weight:400;\">, Dubai World Trade Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-22 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 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;\">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;\">Signposted to happen sometime in May:<\/span><\/p>\n<ul>\n<li><span>Asean and GCC summit, Malaysia.<\/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;\">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 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;\">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 style=\"font-weight:400;\">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 style=\"font-weight:400;\">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 style=\"font-weight:400;\">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>Infrastructure contracts for Al Ruwais | Mantra to tokenize Damac assets | New personal status law takes effect in 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