{"id":107336,"date":"2025-09-10T00:00:00","date_gmt":"2025-09-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/revolut-plans-to-roll-out-its-services-in-the-uae\/"},"modified":"2025-09-10T00:00:00","modified_gmt":"2025-09-10T00:00:00","slug":"revolut-plans-to-roll-out-its-services-in-the-uae","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/09\/10\/revolut-plans-to-roll-out-its-services-in-the-uae\/","title":{"rendered":"Revolut plans to roll out its services in the UAE"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, ladies and gentlemen.<\/strong> We have a relatively busy day in the business world, although the news cycle looks set to be overtaken by regional geopolitics, after Israel escalated its cross-border attacks with a strike in Doha targeting Hamas officials. We have more details in The Big Story Abroad, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE-<\/strong> Leading our newswell this morning is Permira and Blackstone\u2019s USD 525 mn investment in Dubai-based Property Finder in a transaction that sees longtime backer General Atlantic partially selling down its stake in Property Finder. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WATCH THIS SPACE<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Global fintech and neobank <\/strong><strong>Revolut<\/strong><strong> is planning to roll out its services in the UAE<\/strong> after securing in-principle approval from the Central Bank of the UAE, according to a <a target=\"_blank\" href=\"https:\/\/www.revolut.com\/news\/revolut_secures_in_principle_approval_for_uae_payments_licence_accelerating_expansion_plans_in_the_region\/\" style=\"\" rel=\"noopener\">statement<\/a> that was also picked up by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-09\/revolut-plans-uae-debut-after-securing-central-bank-approval\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The digital bank secured a license for stored value facilities and retail payment services and is now set to bolster its team on the ground. Its existing operations outside of its base in the UK and Europe include Australia, Brazil, Mexico, Japan, New Zealand, Singapore, the US, and India, the statement read.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Revolut is no stranger to the UAE: <\/strong>Abu Dhabi sovereign wealth fund Mubadala was reported to be eyeing ramping up its investments in the neobank <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3b3f363c-0f6c-4d81-bdfe-783ac0e64185\/mubadala-eyes-further-investment-in%253cmark%253e-revolut%253c%2Fmark%253e-%2B-gbp-500-mn-in-new-capital-for-cityfibre\" style=\"\" rel=\"noopener\">in the summer<\/a>, after acquiring a stake as part of a USD 500 mn share sale <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8c63cdc4-1dcc-421c-b6f0-447cd055337e\" style=\"\" rel=\"noopener\">last year<\/a>. Ambreen Musa was tapped to head up the UAE office <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5bece706-f83f-4568-84d0-2957a40784c3\/%253cmark%253erevolut%253c%2Fmark%253e-taps-ceo-for-uae-office-%2B-skadden-appoints-new-head-of-abu-dhabi-office\" style=\"\" rel=\"noopener\">late last year<\/a> as the firm filed for licenses to become an electronic-money institution and offer remittances ahead of applying for a full banking license.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- <\/strong><strong>Abu Dhabi-backed <\/strong><strong>Manchester City and the <\/strong><strong>Premier League reached a settlement<\/strong><strong> over the club\u2019s arbitration challenge<\/strong> to the league\u2019s associated party transaction (APT) rules, according to a <a target=\"_blank\" href=\"https:\/\/www.mancity.com\/news\/club\/club-statement-manchester-city-premier-league-63892937\" style=\"\" rel=\"noopener\">statement<\/a>. The proceedings have been terminated, with Man City accepting the rules as valid and binding. Neither side will comment further on the matter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>The case revolved around APT rules, which limit sponsorships linked to club ownership, and had blocked new agreements with Etihad Airways and First Abu Dhabi Bank, <a target=\"_blank\" href=\"https:\/\/www.telegraph.co.uk\/football\/2025\/09\/08\/manchester-city-settle-apt-dispute-with-premier-league\/\" style=\"\" rel=\"noopener\">The Telegraph<\/a> reports. City launched arbitration in January after the rules were amended in 2024, but has now dropped the challenge. Manchester City is owned by City Football Group, whose majority shareholder is Sheikh Mansour bin Zayed Al Nahyan\u2019s Abu Dhabi United Group.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not all over yet:<\/strong> Separately, City still faces <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8d9d0a00-bda5-405f-8852-39e6a0c6c917\/could-mancity%25e2%2580%2599s-court-troubles-throw-a-wrench-in-uk-uae-ties%3F-%2B-talabat-is-getting-attention-in-the-foreign-press\" style=\"\" rel=\"noopener\">115 alleged financial fair-play breaches<\/a> \u2014 a case the UAE has reportedly raised with the UK government \u2014 with a verdict expected in the coming months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3- <\/strong><strong>Wynn sets land aside for second UAE casino resort: <\/strong>Wynn Resorts and its partners have earmarked a nearly 1.5 mn sq ft plot on Ras Al Khaimah\u2019s Al Marjan Island for a potential second integrated resort, <a target=\"_blank\" href=\"https:\/\/www.agbi.com\/construction\/2025\/09\/wynn-al-marjan-land-set-aside-for-second-casino-resort\/\" style=\"\" rel=\"noopener\">AGBI<\/a> reports, citing shareholder documents it has seen. Wynn would be the sole casino operator if the site is developed, but it won\u2019t make a decision until after its first property opens in 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Wynn is developing a USD 3.9 bn resort on Al Marjan Island, set to be the Gulf\u2019s first casino when it opens in 2027. The company secured a USD 2.4 bn construction loan <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1155f149-365a-4735-9eab-685603cb3e48\/uae-banks-lead-usd-2.4-bn-financing-for%253cmark%253e-wynn%253c%2Fmark%253e-al-marjan-island\" style=\"\" rel=\"noopener\">in February<\/a> \u2014 the largest hospitality financing agreement in UAE history \u2014 to fund the project. As of 2Q 2024, it had invested <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/624ad3b1-6bdb-49ba-ab88-ecb5c1d24e06\/%253cmark%253ewynn%253c%2Fmark%253e-resorts-invests-usd-514.4-mn-to-date-in%253cmark%253e-marjan%253c%2Fmark%253e-gaming-resort-%2B-earmarks-land-for-future-development\" style=\"\" rel=\"noopener\">USD 514.4 mn<\/a> in the 155-acre site, nearly a quarter of which has been set aside for future expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>D<\/strong><strong>ubai-based luxury confectioner and caf\u00e9 chain <\/strong><strong><a target=\"_blank\" href=\"https:\/\/bateel.com\/en\" style=\"\" rel=\"noopener\">Bateel International<\/a><\/strong><strong> is said to be<\/strong> <strong>weighing an IPO on Tadawul<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-09\/saudi-arabia-luxury-confectioner-bateel-said-to-explore-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people it says are familiar with the matter. The group, which is majority-owned by Saudi royal family Al Sudairi, reportedly tapped Morgan Stanley and approached local banks to explore a public listing in Riyadh, though the size and timing remain undecided. This comes a year after reports that US private equity firm L Catterton, which is backed by French luxury house LVMH, was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/9cbc7de8-f781-4080-8cd7-41be9a7b0437\/aramco-says-a-report-it%25e2%2580%2599s-talking-to-santos-is-inaccurate-and-stc%25e2%2580%2599s-bid-for-altice-portugal-has-reportedly-failed\" style=\"\" rel=\"noopener\">weighing a full exit<\/a> of its 20% stake in Bateel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Bateel: <\/strong>Founded in 1936 as a Saudi date-farming venture, Bateel has since grown into a global luxury food and caf\u00e9 brand, with CEO Nurtac Afridi outlining plans to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/39cd78c2-1e67-43cc-ba94-278293c1bd2e\/ipos-seem-to-be-staying-the-course,-unphased-by-tariffs\" style=\"\" rel=\"noopener\">triple revenues<\/a> and expand its store network to 500 outlets by 2029, including a planned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0b9afaa4-a34d-4129-a3d9-1dea54ed61c5\/sport-clubs-company-to-debut-on-tadawul%25e2%2580%2599s-main-market-today\" style=\"\" rel=\"noopener\">entry into the New York retail market<\/a> next year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5-<\/strong><strong> Saudi HSBC\u2019s equity capital markets head to leave for PJT?<\/strong> Ramez Halazun is reportedly stepping down as head of equity capital markets for Saudi Arabia at HSBC Holdings, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-08\/hsbc-s-top-ipo-banker-in-saudi-arabia-is-said-to-depart-for-pjt\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources it says are in the know. Halazun \u2014 appointed in 2024 as part of the bank\u2019s expansion push \u2014 is set to lead Dubai-based advisory firm <a target=\"_blank\" href=\"https:\/\/www.pjtdenovo.com\/\" style=\"\" rel=\"noopener\">PJT deNovo<\/a> \u2019s expansion into regional capital markets, the source said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#6- Food imports are about to get easier in Abu Dhabi with new platform:<\/strong> The Abu Dhabi Agricultural and Food Safety Authority \u2014 in partnership with Abu Dhabi Customs \u2014 has launched the Golden Food Product List in a bid to streamline the clearance of food products, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/in-collaboration-with-abu-dhabi-customs-abu-dhabi-agriculture-and-food-safety-authority-launches-golden-food-product-list-initiative\/\" style=\"\" rel=\"noopener\">statement<\/a>. The new initiative is designed to support the influx of trade and uphold food safety standards. Listed firms \u2014 who demonstrate consistent conformity with approved standardized specifications and regulations through laboratory testing \u2014 will be prioritized for pre-clearance. The companies will see their products enter the local market directly \u2014 experiencing reduced custom clearance times and operational costs.<\/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\">PSAs-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You can now renew your ID card in one step<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/uae\/uae-citizens-can-now-renew-emirates-id-cards-in-1-step?_refresh=true\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> reports, citing the Federal Authority for Identity, Citizenship, Customs, and Ports Security (ICP). UAE citizens can now replace or renew their national ID card in a single step via the ICP smart services system, eliminating fields such as personal address.<\/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\"> HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.worldhealthexpo.com\/events\/healthcare\/tech\/en\/home.html\" style=\"\" rel=\"noopener\">DigiHealth WHX-Tech Expo<\/a><\/strong><strong> is on its final day<\/strong> at the World Trade Center in Dubai. The WHX event brings together C-suite executives, procurement heads, government officials, and investors for keynote addresses and exhibitions discussing new digital health solutions targeting global health obstacles. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/upc28dubai.post\/\" style=\"\" rel=\"noopener\">Universal Postal Congress<\/a><\/strong><strong> is running until Friday <\/strong>at the Dubai World Trade Center. The union\u2019s 192 member countries will meet to set policies and strategy for the coming year, with this year\u2019s congress looking to adopt advanced tech under the theme \u201cLeading the Change, Creating the Future.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/blahsbt-international-government-communication-forum\" style=\"\" rel=\"noopener\">International Government Communication<\/a><\/strong><strong> Forum is on today and<\/strong><strong> tomorrow <\/strong>at Expo Centre Sharjah. Hosted by the Sharjah Government Media Bureau, the two-day event will feature panel discussions, workshops, and keynote speeches focused on using strategic communication to develop five global priorities: food security, public health, education, environmental sustainability, and green economy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The MENA <\/strong><strong><a target=\"_blank\" href=\"https:\/\/pppmenaforum.com\/\" style=\"\" rel=\"noopener\">Public-Private Partnership Forum<\/a><\/strong><strong> is also running today and tomorrow<\/strong> at Jumeirah Emirates Towers in Dubai. Stakeholders from the finance, government, industry, and development sectors will meet to discuss public-private partnerships with a focus on industries like renewables, digital infrastructure, and healthcare.<\/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\"> HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong><a target=\"_blank\" href=\"https:\/\/realestateshow.ae\/abouttheshow.html\" style=\"\" rel=\"noopener\">International Real Estate and Investment Show<\/a><\/strong><strong> Abu Dhabi is taking place from Friday<\/strong><strong> until Sunday <\/strong>in Abu Dhabi. The conference brings together global developers and investors for insights into investment and market trends in the Middle East, Europe, and Asia Pacific regions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Israel has taken its cross-border campaign against Hamas into uncharted territory, <\/strong><strong>launching what it claimed to be \u201ca precision airstrike\u201d in Doha targeting the group\u2019s political leadership.<\/strong> The strike \u2014 which killed five Hamas members including the son of top negotiator Khalil Al Hayya \u2014 came as Hamas leaders gathered to discuss a US-backed ceasefire proposal. While Hamas claims senior figures survived, the attack has upended fragile truce efforts and drawn sharp condemnation from Qatar, which labeled the strike a \u201cflagrant violation.\u201d A Qatari security officer was among those killed, and Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani warned that the talks now \u201clack any validity.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qatar said it will reserve the right to retaliate:<\/strong> The prime minister told reporters in a press conference (<a target=\"_blank\" href=\"https:\/\/x.com\/ragipsoylu\/status\/1965509605557178573\" style=\"\" rel=\"noopener\">watch, runtime: 2:26<\/a>) following the strikes that \u201cQatar is committed to act in a decisive way\u201d against any threats to its territories and \u201cwill reserve the right to take all the needed measures to retaliate.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE also condemned the attack<\/strong>, with Foreign Affairs Minister Sheikh Abdullah bin Zayed Al Nahyan calling the strike \u201cblatant and cowardly\u201d and stressing that the \u201cirresponsible escalation\u201d undermines regional peace, according to <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/blmegua-abdullah-bin-zayed-condemns-strongest-terms\" style=\"\" rel=\"noopener\">state news agency Wam<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US, meanwhile, sought to distance itself<\/strong>, with President Donald Trump calling the strike an \u201cunfortunate incident.\u201d (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-targets-hamas-leadership-military-strikes-qatar-officials-say-2025-09-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/sep\/09\/israel-targets-top-hamas-members-in-qatar-for-gaza-ceasefire-talks\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/09\/09\/world\/middleeast\/israel-hamas-doha-qatar-strike.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/world\/live-news\/israel-qatar-attack-09-09-25\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/live\/c78m71vl91vt\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/live-blog\/2025-09-09\/israel-strike-hamas-in-qatar-blasts-live-news-updates\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/qatar-explosion-doha-e319dd51b170161372442831a8023db5\" style=\"\" rel=\"noopener\">Associated Press<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong>Trump is calling on the EU to impose tariffs of up to 100% on Chinese and Indian imports in a bid to pressure Russia \u2014 and is promising the US will match them if Brussels steps up. Speaking during a closed-door US-EU meeting in Washington, Trump said the West should keep the tariffs in place \u201cuntil the Chinese agree to stop buying [Russian] oil.\u201d (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2267eb41-b19a-4a9f-93ca-14ac0343cd77\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/trump-urges-eu-impose-100-tariffs-china-india-pressure-putin-sources-say-2025-09-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The iPhone 17 is here:<\/strong> Apple announced its latest wave of products \u2014 the iPhone 17 and updated versions of its Apple Watch and AirPods \u2014 but the market wasn\u2019t impressed. Apple shares dipped 1.6% following the event, as critics called the product refresh \u201cincremental\u201d and warned that Apple has yet to make its promised leap into AI. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/apple-launches-slimmer-iphone-air-new-iphone-17-2025-09-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/features\/2025-09-10\/apple-iphone-air-iphone-17-pro-airpods-pro-3-apple-watch-ultra-3-hands-on?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/07ff31dc-1f5d-4e7a-8735-eb4c9ed48081\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/09\/09\/live-updates-apple-event-iphone17-airpods-ios26.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/business\/live-news\/keynote-apple-release-event-iphone-09-09-25\" style=\"\" rel=\"noopener\">CNN<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH NOTING THIS MORNING- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Macron appoints new PM: <\/strong>French President Emmanuel Macron has appointed his long-time ally and Defense Minister S\u00e9bastien Lecornu as prime minister in a bid to push through a contested EUR 44 bn austerity plan and end months of political deadlock. His appointment follows the ousting of two prime ministers in less than a year and comes ahead of planned nationwide protests against proposed spending cuts. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/frances-macron-names-loyalist-lecornu-new-prime-minister-2025-09-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/32222752-64e7-4045-803c-27c9db73f6c2\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/09\/09\/world\/europe\/france-macron-prime-minister-lecornu.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/france-macron-prime-minister-sebastien-lecornu-94d75e375872cc3b28de03b4f192388c\" style=\"\" rel=\"noopener\">Associated Press<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- A sweeping youth-led anti-corruption movement in Nepal forced Prime Minister K.P. <\/strong><strong>Sharma Oli <\/strong><strong>to resign<\/strong><strong> yesterday. <\/strong>Protests were triggered by his government banning 26 social media platforms, including Facebook and Instagram. The movement has put fresh pressure on Nepal\u2019s political class amid deep economic inequality and joblessness, with calls mounting for Kathmandu\u2019s mayor Balendra Shah, a 35-year-old former rapper, to take the helm. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/how-gen-z-protests-over-corruption-jobs-ousted-nepal-pm-oli-2025-09-09\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/crkj0lzlr3ro\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/photo-gallery\/nepal-protest-social-media-ban-deadly-30955f1120f415b6787e1980ed2bd299\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/09\/09\/world\/asia\/nepal-violent-protests-army.html\" style=\"\" rel=\"noopener\">New York Times<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industry?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> MARKET WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The LNG market is on track to swing into oversupply from 2026<\/strong>, marking a sharp reversal after years of tightness following Russia\u2019s invasion of Ukraine, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-08\/global-lng-market-faces-looming-supply-glut-after-years-of-scarcity\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The International Energy Agency expects the biggest jump in liquefaction output next year since 2019. The market is set to start easing after 1Q 2026, with supply length building through late 2026 and 2027, Bloomberg reports citing BNP Paribas\u2019 head of energy strategy Aldo Spanjer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More than 174 mn metric tons of new capacity is currently being built<\/strong>, set to lift global supply to 594 mn tons a year by 2030 \u2014 a 42% increase over 2023, according to BloombergNEF. Developers have penciled in long-term demand growth as Europe replaces Russian pipeline gas and China accelerates coal-to-gas switching. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That supply surge will likely outpace consumption<\/strong>, with BloombergNEF projecting that supply will consistently exceed demand between 2027 and 2030. Morgan Stanley expects European and Asian gas prices to drop below USD 10 per mn British thermal units (mmbtu) by late 2026, down from an average of USD 14 last winter, while BNP Paribas sees prices slipping as low as USD 8 in 2027. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Prices at those levels could reshape trade flow.<\/strong> Cheaper LNG would encourage Asian utilities to substitute oil with gas and could unlock demand in South Asia and Africa, where import terminals have sat idle due to high prices. The anticipated price drop could also broaden LNG\u2019s role in power generation and open new growth markets for producers. <\/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>Opec leans<\/strong><strong> on six members to make up for oversupply:<\/strong> Opec has set a compensation schedule requiring six members to make additional supply cuts between August 2025 and June 2026 to offset overproduction, according to a <a target=\"_blank\" href=\"https:\/\/www.opec.org\/pr-detail\/575-08-september-2025.html\" style=\"\" rel=\"noopener\">statement<\/a>. The total aggregate reductions per month range from 190k bbl \/ d to 829k bbl \/ d. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers:<\/strong> Kazakhstan shouldered the largest burden at 2.63 mn bbl, followed by Iraq at 1.4 mn bbl, Russia at 311k bbl, followed by the UAE at 309k bbl, followed by Oman and Kuwait at 70k and 59k, respectively, for a combined 4.8 mn bbl. The remaining OPEC members \u2014 including Saudi Arabia \u2014 were not required to make compensatory cuts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Opec+ will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/53b34364-0770-4c56-8f8c-6497fcb8e3d5\/this-morning:-red-sea-cables-severed,-causing-internet-service-disruptions\" style=\"\" rel=\"noopener\">raise output<\/a> again next month, approving an additional 137k bbl \/ d from October as part of its accelerated rollback of supply cuts. The cartel said it will continue monthly hikes through September 2026, fast-tracking the return of 1.65 mn bbl \/ d that was previously set to stay offline until the end of 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Saudi HSBC\u2019s equity capital markets head could be coming to Dubai<\/p>\n","protected":false},"author":1,"featured_media":107337,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1543],"tags":[1354,610,7,79,1423,599,1392,505,266,384,389,136,462,6,1782],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-107336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-abu-dhabi-agriculture-and-food-safety-authority","tag-artificial-intelligence","tag-enterpriseam-uae","tag-fintech","tag-food","tag-g42","tag-ipo","tag-lng","tag-oil-and-gas","tag-opec","tag-opec-2","tag-sports","tag-tadawul","tag-what-were-tracking-today","tag-wynn-resorts","wpautop","entry"],"acf":{"mongo_id":"6558aec1-c165-41ba-8406-491b087562f8","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/9\/558.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Revolut plans to roll out its services in the UAE","related_issue":[107334],"teaser":"PLUS- Saudi HSBC\u2019s equity capital markets head could be coming to Dubai","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.00a734ed-c072-4b6a-a904-51fa4af0ea48.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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