{"id":118100,"date":"2026-06-09T00:00:00","date_gmt":"2026-06-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?p=118100"},"modified":"2026-06-09T02:45:30","modified_gmt":"2026-06-09T02:45:30","slug":"this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/","title":{"rendered":"THIS MORNING: DIB tests appetite for Gulf debt + Middle Eastern airlines could be staring down a collective loss for this year"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends. <\/strong>We lead today\u2019s issue with good news on the oil front, as Adnoc seems to be keeping the crude flowing despite the Strait of Hormuz blockade and premium pricing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus: <\/strong>Dubai Islamic Bank is testing investor appetite with a planned AT1 sukuk sale, and the UAE\u2019s regulated gaming market is taking another step forward with Play971 opening sports wagering ahead of the FIFA World Cup.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- It\u2019s a slightly cooler day in Dubai today<\/strong>, with a high of 38\u00b0C and a low of 29\u00b0C, while Abu Dhabi will see a high of 40\u00b0C and a low of 30\u00b0C. <\/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\">Dubai Islamic Bank tests appetite for Gulf debt<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>  Dubai Islamic Bank mandated a USD-denominated perpetual non-c<\/strong><strong>all six-year AT1 sukuk<\/strong>, with a virtual roadshow now underway, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/economy\/islamic-economy\/dubai-islamic-bank-mandates-usd-at1-pnc-6-year-sukuk-r3aot133\" style=\"\">Zawya<\/a> reports. The issuance will be the latest read on investor appetite two months into the ceasefire, after a conflict-driven repricing hit debt markets earlier this year. The benchmark Mudaraba sukuk \u2014 benchmark meaning it will be at least USD 500 mn \u2014 is expected to list on Euronext Dublin and Nasdaq Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The recent backdrop has been improving \u2014 but is not yet fully back to normal. <\/strong>FAB's <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/08\/fab-issues-an-oversubscribed-usd-700-mn-sukuk-but-the-pricing-premium-hasnt-gone-anywhere\/\" style=\"\">USD 700 mn five-year senior unsecured sukuk<\/a> in early May was the first international Islamic bond from the GCC since the regional escalation, and it still managed to attract more than USD 1.5 bn in orders, allowing pricing to tighten to 85 bps over US Treasuries from 115 bps area guidance. But that level was still 25 bps wider than FAB\u2019s January print \u2014 a sign that the war premium had narrowed rather than disappeared. On the AT1 front, Emirates NBD issued AT1 notes <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/04\/30\/enbd-reopens-at1-market\/\" style=\"\">earlier in April<\/a>, which saw pricing tighten to 6.25% from 6.75% on strong demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Arqaam Capital, ASB Capital, DIB, Emirates NBD Capital, FAB, HSBC, KFH Capital, Mizuho, Sharjah Islamic Bank, Standard Chartered, and Warba Bank are joint lead managers and bookrunners.<\/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\">Gulf airlines losing altitude?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a>  <strong>Middle Eastern airlines are expected to swing to a collective USD 4.3 <\/strong><strong>bn loss in 2026<\/strong> \u2014 making the region\u2019s airline market the only one expected to slip into the red this year, according to the <a target=\"_blank\" href=\"https:\/\/www.iata.org\/en\/pressroom\/2026-releases\/06-07-middle-east-disruptions-high-fuel-prices-halve-airline-industry-profitability\/\" style=\"\">IATA<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The downturn reflects pressure across the entire operating chain <\/strong>\u2014 airspace closures, flight cancellations, longer routings, weaker connecting traffic, and sharply higher fuel costs. IATA expects regional passenger demand to decline 11.4%, while capacity is projected to contract 4.4%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf carriers depend heavily on east-west transfer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-07\/airlines-see-gains-from-persian-gulf-rivals-absence-wearing-off\" style=\"\">flows<\/a><\/strong><strong> through Dubai, Doha, and Abu <\/strong><strong>Dhabi<\/strong>, which makes lost connectivity more expensive than a normal demand dip. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> Gulf carriers\u2019 reliance on east-west transfer traffic means disruptions to connectivity can have an outsized impact on earnings. While that has created a near-term opening for rivals including IAG, Lufthansa, Air France-KLM, and Cathay Pacific on long-haul routes linking Asia and Africa, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-07\/airlines-see-gains-from-persian-gulf-rivals-absence-wearing-off\" style=\"\">Bloomberg<\/a> reports industry executives as saying that the shift in demand is likely to prove temporary as Emirates, Qatar Airways, and Etihad restore capacity and passengers return to their usual transit options.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Already, Emirati airlines are preparing for more growth. <\/strong>Etihad is <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/06\/08\/this-morning-botswana-in-talks-with-uae-oman-over-diamond-producer-takeover-barakah-nuclear-plant-could-be-in-for-more-protection\/\" style=\"\">placing a double-digit order<\/a> for more widebody aircraft and expects to be flying about 8% more than it was a year ago by mid-June, while Emirates \u2014 which is heavily hedged on fuel \u2014 had three-quarters of its flights <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/logistics\/2026\/05\/11\/emirates-books-record-revenue-despite-war-hit-routes\/\" style=\"\">operating at pre-conflict capacity<\/a> as of May. <\/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\">More developers jump on Dubai\u2019s first-time housing initiative<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a>  <strong>Dubai <\/strong><strong>is adding more homes to its first-time<\/strong><strong> buyer pipeline. <\/strong>Nine developers joined the emirate\u2019s First-Time Home Buyer Program, expanding the range of properties available to eligible residents, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/dubais-first-time-home-buyer-program-enables-over-3-200-residents-to-own-homes-with-sales-surpassing-aed-5bln-k111k069\" style=\"\">press release<\/a>. The latest additions \u2014 Arada, 4Direction Developments, Manam, Dubai World Trade Center, IRTH Group, Qube Development, Reportage Properties, and Sky View Real Estate \u2014 bring the total number of participating developers to 22.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So far<\/strong>, over 3.2k residents have bought homes via the initiative through around AED 5.1 bn worth of transactions. The emirate launched the program <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/dubai-launches-first-time-home-buyer-scheme-with-priority-access-and-mortgage-perks\/\" style=\"\">last July<\/a>, offering access to new projects as well as financing support to first-time buyers. Emaar and Majid Al Futtaim were among the first developers to join, and five UAE banks, including our friends at Mashreq, provided the mortgage support. <\/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\">Beyond Wegovy<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We could be in for more from Danish drugmaker Novo Nordisk. <\/strong>The firm signed an MoU with the Emirates Drug Establishment covering pharma manufacturing, supply-chain resilience, talent development, and research collaboration, according to a <a target=\"_blank\" href=\"https:\/\/www.ede.gov.ae\/w\/emirates-drug-establishment-and-novo-nordisk-sign-mou-to-advance-pharmaceutical-sector-development-and-innovation\" style=\"\">statement<\/a>. The agreement also aims to accelerate access to innovative therapies, though no specific products, investments, or manufacturing commitments were disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Novo Nordisk <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/06\/04\/this-morning-dubai-based-apparel-eyes-listing-for-its-indian-business-dmcc-rolls-out-an-incentive-package-for-firms\/\" style=\"\">recently chose<\/a> the UAE as the first market outside the US to launch the pill version of Wegovy, its blockbuster GLP-1 weight-loss drug. The pharma sector is one of the industries the UAE is pushing to localize, with LifePharma <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/05\/fdi-takes-a-step-back-as-focus-turns-towards-domestic-investments\/\" style=\"\">recently partnering<\/a> with AD Ports on an AED 700 mn manufacturing platform in Kezad. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Data point<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>USD 17.4 bn \u2014 that\u2019s the combined 1Q net income haul <\/strong><strong>reported by <\/strong><strong>Abu Dhabi- <\/strong><strong>and Dubai-listed companies<\/strong>, according to a Kamco Invest <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/512.pdf\" style=\"\">report (pdf)<\/a>. Abu Dhabi-listed firms saw their earnings jump 16.1% y-o-y to USD 10.6 bn, while Dubai-listed companies posted a 12.3% increase to USD 6.8 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banks remained the earnings engine<\/strong>, generating USD 3.4 bn in Abu Dhabi and USD 3.2 bn in Dubai. Real estate earnings also saw a big boost in Dubai, where sector earnings jumped 38.3% y-o-y to USD 2.3 bn on strong results from Emaar.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Energy earnings fell against the backdrop of the regional war<\/strong>, dropping 8.4% y-o-y in Abu Dhabi after disruptions hit Adnoc Gas. Kamco said the conflict weighed on activity across most GCC markets and slowed revenue growth.<\/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\">PSA<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Parents <\/strong><strong>and teachers are getting a seat at the table in Dubai\u2019s <\/strong><strong>education <\/strong><strong>system. <\/strong>Starting from the 2026\/27 academic year, the emirate\u2019s Knowledge and Human Development Authority (KHDA) will launch two new councils representing parents and educators, giving both groups a formal role in shaping policies and initiatives across the emirate\u2019s private education sector, <a target=\"_blank\" href=\"https:\/\/www.dubaieye1038.com\/news\/local\/dubais-khda-launches-councils-for-parents-educators\/\" style=\"\">Dubai Eye<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Interest in the new councils is already taking shape<\/strong>, with the KHDA receiving 152 applications for the Dubai Parents Council and 160 applications for the Dubai Educators Council so far. Each council will have 15 seats, with membership lasting for one year.<\/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>Sheikha Latifa bint Mohammed bin Rashid Al Maktoum is heading to Sweden today<\/strong> with a high-level UAE delegation for meetings with senior government officials, business leaders, and representatives of major international institutions, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2026\/jun\/07-06\/latifa-bint-mohammed-to-begin-visit-to-sweden-tomorrow-leading-high-level-delegation\" style=\"\">statement<\/a>. The visit is aimed at deepening UAE-Swedish cooperation, expanding cultural and creative economy ties, and exploring new potential partnerships centered around sustainable development.<\/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\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/496.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">You\u2019ve spent decades building wealth, and the question now isn\u2019t how to make money \u2014 it\u2019s how to make sure it survives you, works across borders, and doesn\u2019t quietly erode while you\u2019re not looking. The rules have changed. Egyptian real estate, once a near-guaranteed store of value, is competing with markets in Greece, Spain, and Dubai.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> Whether it\u2019s art as an asset, crowd-funding, or the tax implications quietly stacking up behind that second passport, the toolkit for serious capital deployment has expanded faster than most conventional advice \u2014 or most advisors \u2014 have.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">In Issue 3 of <strong>EnterpriseAM Money Matters<\/strong>, we cover the decisions that matter most when you\u2019re at the stage where capital preservation is just as important as capital growth \u2014 and where getting it wrong is no longer something you can simply recover from.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/eg\/\" style=\"\">Tap or click here to subscribe to the Egypt edition<\/a>, delivered to your inbox on Wednesday,10 June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> The big story abroad<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regional tensions have eased after Iran and Israel <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-08\/iran-and-israel-exchange-missile-attacks-imperiling-peace-talks?srnd=homepage-middle-east\" style=\"\">said<\/a><\/strong><strong> attacks will stop for now<\/strong>, but both countries warned that they are ready to launch retaliatory attacks if provoked. Israeli Prime Minister Benjamin Netanyahu <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/iran-us-ceasefire-hezbollah-israel-c16dc4917512f7436a3921a4b044b98b\" style=\"\">said<\/a> that Tel Aviv\u2019s operations against Iranian-backed Hezbollah will continue.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SpaceX\u2019s upcoming IPO continues to make headlines<\/strong>, becoming <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-08\/spacex-ipo-is-said-to-be-well-oversubscribed-orders-close-wed\" style=\"\">heavily oversubscribed<\/a> as institutional investors place USD 10 bn worth of orders. The IPO is set to price on 11 June and start trading the following session. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another anticipated IPO is making waves: <\/strong>OpenAI has <a target=\"_blank\" href=\"https:\/\/openai.com\/index\/openai-submits-confidential-s-1\/\" style=\"\">confidentially filed<\/a> for an IPO with the Securities and Exchange Commission. The company is yet to decide on a timetable for the listing, but unnamed sources have said the company could go public as soon as this fall. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Introducing Siri AI: <\/strong>Apple has <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/28205edf-baeb-4b97-a89d-e9f4838ff6ff?syn-25a6b1a6=1\" style=\"\">unveiled<\/a> a new phase for its voice assistant Siri, overhauling the program with AI, steering it closer to chatbots like OpenAI\u2019s ChatGPT or Anthropic\u2019s Claude. The tech giant says its commitment to privacy and data protection is key in differentiating its AI offerings from its rivals. A beta version will be available next month before a full launch in the fall.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, in Washington: <\/strong>A judge <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2ab284d9-eb38-4b42-b01a-2b375a08c1b0\" style=\"\">has ruled<\/a> as unlawful an attempt by the Trump administration to levy a USD 100k fee on H-1B visa applications \u2014 widely used by tech companies and specialized industries to hire foreign workers. The Department of Justice is expected to appeal the decision.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese firms in the hot seat: <\/strong>The Pentagon <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-08\/pentagon-accuses-alibaba-baidu-byd-of-aiding-china-s-military\" style=\"\">has accused<\/a> three Chinese firms \u2014 Alibaba Group, BYD, and Baidu \u2014 of aiding China\u2019s armed forces. The companies have been listed as \u201cChinese military companies\u201d that pose a national security risk to the US. <\/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\">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=\"\">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=\"\">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=\"\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\">Saudi Arabia<\/a><\/strong>, and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\">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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> Circle your calendar<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays, and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: ADX and DFM-listed firms brought in USD 17.4 bn in 1Q<\/p>\n","protected":false},"author":1,"featured_media":118101,"comment_status":"closed","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":[306,1391,188,313,7,261,66,6],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-118100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-debt","tag-dubai-islamic-bank","tag-education","tag-enterpriseam-uae","tag-pharma","tag-sukuk","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"aedae549-adf2-4eee-8d68-0a0e470d4943","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2026\/6\/534.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: DIB tests appetite for Gulf debt + Middle Eastern airlines could be staring down a collective loss for this year","related_issue":[118098],"teaser":"Plus: ADX and DFM-listed firms brought in USD 17.4 bn in 1Q"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS MORNING: DIB tests appetite for Gulf debt + Middle Eastern airlines could be staring down a collective loss for this year - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: DIB tests appetite for Gulf debt + Middle Eastern airlines could be staring down a collective loss for this year\" \/>\n<meta property=\"og:description\" content=\"Plus: ADX and DFM-listed firms brought in USD 17.4 bn in 1Q\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-09T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-09T02:45:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/534.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS MORNING: DIB tests appetite for Gulf debt + Middle Eastern airlines could be staring down a collective loss for this year\",\"datePublished\":\"2026-06-09T00:00:00+00:00\",\"dateModified\":\"2026-06-09T02:45:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/\"},\"wordCount\":1694,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/534.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Aviation\",\"debt\",\"Dubai Islamic Bank\",\"Education\",\"EnterpriseAM UAE\",\"pharma\",\"Sukuk\",\"WHAT WE\u2019RE TRACKING TODAY\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/\",\"name\":\"THIS MORNING: DIB tests appetite for Gulf debt + Middle Eastern airlines could be staring down a collective loss for this year - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/534.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2026-06-09T00:00:00+00:00\",\"dateModified\":\"2026-06-09T02:45:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/534.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/534.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"THIS MORNING: DIB tests appetite for Gulf debt + Middle Eastern airlines could be staring down a collective loss for this year\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"THIS MORNING: DIB tests appetite for Gulf debt + Middle Eastern airlines could be staring down a collective loss for this year - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/","og_locale":"en_US","og_type":"article","og_title":"THIS MORNING: DIB tests appetite for Gulf debt + Middle Eastern airlines could be staring down a collective loss for this year","og_description":"Plus: ADX and DFM-listed firms brought in USD 17.4 bn in 1Q","og_url":"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/","og_site_name":"UAE","article_published_time":"2026-06-09T00:00:00+00:00","article_modified_time":"2026-06-09T02:45:30+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/534.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS MORNING: DIB tests appetite for Gulf debt + Middle Eastern airlines could be staring down a collective loss for this year","datePublished":"2026-06-09T00:00:00+00:00","dateModified":"2026-06-09T02:45:30+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/"},"wordCount":1694,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/534.jpg?fit=%2C&ssl=1","keywords":["Aviation","debt","Dubai Islamic Bank","Education","EnterpriseAM UAE","pharma","Sukuk","WHAT WE\u2019RE TRACKING TODAY"],"articleSection":["WHAT WE\u2019RE TRACKING TODAY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/","url":"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/","name":"THIS MORNING: DIB tests appetite for Gulf debt + Middle Eastern airlines could be staring down a collective loss for this year - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/534.jpg?fit=%2C&ssl=1","datePublished":"2026-06-09T00:00:00+00:00","dateModified":"2026-06-09T02:45:30+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/534.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/534.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2026\/06\/09\/this-morning-dib-tests-appetite-for-gulf-debt-middle-eastern-airlines-could-be-staring-down-a-collective-loss-for-this-year\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"THIS MORNING: DIB tests appetite for Gulf debt + Middle Eastern airlines could be staring down a collective loss for this year"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/534.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/534.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/534.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/118100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=118100"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/118100\/revisions"}],"predecessor-version":[{"id":118137,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/118100\/revisions\/118137"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/118098"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/118101"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=118100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=118100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=118100"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=118100"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=118100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}