{"id":103191,"date":"2025-05-01T00:00:00","date_gmt":"2025-05-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/this-morning-fuel-prices-are-up-slightly-in-may-two-new-potential-ipos-in-the-cards\/"},"modified":"2025-05-01T00:00:00","modified_gmt":"2025-05-01T00:00:00","slug":"this-morning-fuel-prices-are-up-slightly-in-may-two-new-potential-ipos-in-the-cards","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/05\/01\/this-morning-fuel-prices-are-up-slightly-in-may-two-new-potential-ipos-in-the-cards\/","title":{"rendered":"THIS MORNING: Fuel prices are up slightly in May + Two new potential IPOs in the cards"},"content":{"rendered":"

Good morning, lovely people, and welcome to the start of a new month. <\/strong>This past April has probably been the most eventful on record for global markets and news, so here\u2019s hoping for a bit more stability and calm in May. <\/p>\n

We have a handful of big stories today <\/strong>\u2014 including a rush to debt markets<\/strong> from ADQ, DP World, and Omniyat<\/strong>, as market conditions begin to improve, and a landmark transaction which sees PE firm TWG<\/strong> take a 5% stake in Mubadala Capital<\/strong> in return for an anchor investment. Plus: <\/strong>Abu Dhabi asset manager Lunate bought into wealth management firm Azura, which will now move its HQ to the emirate. <\/p>\n

WEATHER- <\/strong>Dubai\u2019s<\/strong> midday heat will reach 40\u00b0C, with nighttime lows offering modest relief at 28\u00b0C. Abu Dhabi<\/strong> will see slightly milder conditions, peaking with afternoon highs at 34\u00b0C before settling at 28\u00b0C overnight.<\/p>\n

WATCH THIS SPACE- <\/p>\n

<\/a> #1- Trump\u2019s son is optimistic about the UAE\u2019s prospects in the wake of US tariffs: <\/strong>The UAE\u2019s \u201cservice-oriented, capital-intensive economy\u201d leaves it less exposed to tariff ramifications, the US president's son Eric Trump said in an interview with Reuters<\/a> on Tuesday. \u201cDubai, like the entire world, thrives on a healthy, safe world, and that's what President Trump wants,\" he said, adding that the entire Gulf region is dependent on a \u201cstrong America.\u201d Trump is in the UAE for the launch of Trump Tower<\/a> and to speak at crypto conference Token2049 in Dubai. <\/p>\n

REMEMBER- <\/strong>US President Donald Trump is set to visit<\/a> the UAE, Saudi Arabia, and Qatar this month to discuss further Gulf investment commitments. The UAE has pledged<\/a> USD 1.4 tn in investments in the US in March to be rolled out over the next decade, in a move to expand the UAE\u2019s investments in key US sectors, including AI infrastructure, semiconductors, energy, and manufacturing.<\/p>\n

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#2-<\/strong> Israel <\/strong>is looking to deepen trade ties with the UAE<\/strong>, particularly Dubai, as part of a broader strategy to grow exports from USD 150 bn to USD 1 tn over the next 15 years, its Economy and Industry Minister Nir Barkat told Bloomberg<\/a> during a visit to the emirate. To support the push to revive its economy following its 18-month long war on Gaza, Israel has deployed sector-specific cluster managers across industries such as climate, health, defense, and technology to help companies tap into regional markets.<\/p>\n

The rationale: <\/strong>Barkat described Dubai as a key trade and innovation hub central to Israel\u2019s long-term economic plans. He said around 600 Israeli companies have \u201cvery successfully\u201d launched in the UAE since the 2020 Abraham Accords, with many now selling goods and services across the Gulf, including in Saudi Arabia, despite the absence of formal ties.<\/p>\n

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#3- There\u2019s two new potential IPOs in the cards for the UAE: <\/strong>PIF-backed California firm CloudKitchens<\/a> is reportedly eyeing an IPO in Saudi and\/or the UAE for its Middle East unit, while Dubai-based grocery ecommerce platform Kibsons International<\/a> plans to IPO in the next few years. <\/p>\n