{"id":89902,"date":"2024-03-12T00:00:00","date_gmt":"2024-03-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/redbird-imis-telegraph-takeover-bid-could-see-more-obstacles\/"},"modified":"2024-03-12T00:00:00","modified_gmt":"2024-03-12T00:00:00","slug":"redbird-imis-telegraph-takeover-bid-could-see-more-obstacles","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/03\/12\/redbird-imis-telegraph-takeover-bid-could-see-more-obstacles\/","title":{"rendered":"RedBird IMI\u2019s Telegraph takeover bid could see more obstacles"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, lovely people. <\/strong>We hope the first day of Ramadan has been kind to you. We have a packed issue for you this morning, filled with forecasts for our real estate sector, some updates on M&amp;As, and big AI news from Abu Dhabi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY here at home<\/strong>, in our view, is S&amp;P Global\u2019s latest report on a potential reversal in real estate prices over the next year or year and a half. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong><strong>The UAE gets love for expat benefits:<\/strong> The UAE is listed among five countries that <a target=\"_blank\" href=\"https:\/\/archive.is\/EQBrt#selection-1705.149-1705.384\" style=\"\" rel=\"noopener\">Bloomberg<\/a> says are \u201cthe best countries for wealthy expats,\u201d thanks to preferential tax policies including one of the world\u2019s lowest corporate tax rates and a lack of taxes on personal income, capital gains, or other sources of income.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The retail subscription period for car parking space manager Parkin\u2019s IPO wraps today<\/strong>, while institutional investors have until tomorrow to submit their bids. The final share price will be disclosed this Thursday, after which Parkin\u2019s shares will start trading on 21 March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong> The Dubai Investment Fund is selling a 25% stake in Parkin, with books <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3d0627a6-e4c8-4c4e-9074-80431552f4a9\" style=\"\" rel=\"noopener\">covered<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3d0627a6-e4c8-4c4e-9074-80431552f4a9\" style=\"\" rel=\"noopener\">within minutes<\/a> after the book building process kicked off last week, setting it up to raise up to AED 1.57 bn from the listing. <\/p>\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>Sharjah\u2019s proposed new real estate law will be on the agenda for the Sharjah<\/strong><strong> Consultative Council when it meets this Thursday<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.sharjah24.ae\/ar\/Articles\/2024\/03\/11\/aa6\" style=\"\" rel=\"noopener\">Sharjah24<\/a> reports. The bill, which was proposed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/04dc4aee-d9d7-4741-aa15-499c682aea1b\" style=\"\" rel=\"noopener\">last month<\/a>, would introduce rental regulations and streamline government procedures for rentals in the emirate, as well as establish a center for resolving rental disputes. <\/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-<\/strong><strong>UK Culture Secretary to decide on <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/59fd8189-c9c8-4b2e-be27-d38eee0f4ee7\" style=\"\" rel=\"noopener\">RedBird IMI\u2019s GBP 600 mn bid<\/a><\/strong><strong>for the Telegraph<\/strong><strong>: <\/strong>The UK\u2019s competition watchdog the Competition and Markets Authority and Office of Communications presented their findings on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e911fc4f-36d5-45f5-b29d-395309f39dd0%5C\" style=\"\" rel=\"noopener\">the acquisition of Telegraph Media Group<\/a> by Abu Dhabi-backed RedBird IMI to media secretary Lucy Frazer, according to an Ofcom <a target=\"_blank\" href=\"https:\/\/twitter.com\/Ofcom\/status\/1767132420631888063?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1767132420631888063%7Ctwgr%5Eeacdab2a4f464a3ed9d3a9da7a97fbe56c52a266%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cityam.com%2Fcompetition-watchdog-and-ofcom-deliver-results-of-probe-into-abu-dhabi-backed-telegraph-bid-to-media-secretary%2F\" style=\"\" rel=\"noopener\">statement on X<\/a>. Frazer now holds the authority to determine if the acquisition poses a threat to press freedom and public interest, in which case it would be referred back to the competition watchdog for more in-depth scrutiny, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f8e14465-fadc-4aba-96e4-4b4acc9b9e4e\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports, adding that the process could take months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sunak could in the coming days make amendments to UK legislation to allow ministers<\/strong><strong> to prevent foreign interest in British media outlets<\/strong>, the salmon-colored paper reports, citing sources in the know. Baroness Tina Bowell had already introduced an amendment to the bill to allow the government to oppose foreign state media takeovers, with the House of Lords set to vote on the amendment tomorrow, according to the FT. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Is the Daily Mail in? <\/strong>Rupert Murdoch\u2019s News Corp and owner of the Daily Mail, General Trust, have reportedly held talks to join in on RedBird IMI\u2019s bid, Bloomberg reports, citing people familiar with the matter. The two companies\u2019 contribution would reduce the size of RedBird IMI\u2019s stake, potentially down to 25%, which could ease UK watchdogs\u2019 concerns over foreign state control of the media outlet, the sources said. RedBird IMI is majority owned by deputy prime minister Sheikh Mansour bin Zayed Al Nahyan. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The caveat? <\/strong>A joint bid involving Murdoch and the Daily Mail could raise further concerns about media plurality and competition, according to the business information service.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong> #2- Ewec opens registration for 1Q 2024 CEC auction: <\/strong>Emirates Water and Electricity Company (Ewec) opened the registration period for its 1Q 2024 <a target=\"_blank\" href=\"https:\/\/www.ewec.ae\/en\/CleanEnergyCertificates\" style=\"\" rel=\"noopener\">clean energy certificates (CEC)<\/a> auction yesterday, according to a <a target=\"_blank\" href=\"https:\/\/www.ewec.ae\/en\/media\/press-release\/ewec-drives-decarbonisation-abu-dhabi-and-conducts-q1-2024-clean-energy\" style=\"\" rel=\"noopener\">statement<\/a>. The auction will take place this Thursday, 14 March.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- CECs prove renewable energy production: <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5070e864-29fe-47db-8463-f926142f787f\" style=\"\" rel=\"noopener\">Renewable energy certificates<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5070e864-29fe-47db-8463-f926142f787f\" style=\"\" rel=\"noopener\">(RECs<\/a>) certify ownership or creation of renewable energy on a per MWh-by-MWh basis. When one MWh of renewable energy is delivered to the grid, an REC is issued. Unlike carbon credits that reduce greenhouse gas emissions, RECs offset non-renewable electricity use. In Abu Dhabi, RECs serve as the sole mechanism ensuring the use of clean energy.<\/p>\n<p class=\"tag-border-left\"> WAR WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a><strong> Third aid ship to leave UAE for Gaza: <\/strong>Following a directive from Chairman of the Emirates Red Crescent Sheikh Hamdan bin Zayed Al Nahyan, a ship carrying 4.5k tonnes of aid \u2014 including food, medical supplies, clothing, shelter materials and more \u2014 is set to leave the UAE to deliver aid to Gaza, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b239jh9-third-emirati-aid-ship-leave-for-gaza\" style=\"\" rel=\"noopener\">Wam<\/a> reports. This is the third Emirati aid ship to sail to war-torn Gaza as part of the Gallant Knight operation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new Birds of Goodness aid dispatch is also underway, <\/strong>with the UAE and Egypt airdropping 42 tonnes of aid to northern Gaza, which is particularly affected by food shortages, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b239j5n-uae-egypt-airdrop-eighth-humanitarian-aid-batch\" style=\"\" rel=\"noopener\">Wam reported<\/a> separately. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, President Sheikh Mohamed bin Zayed Al Nahyan held a phone call with his Cypriot counterpart to discuss the initiative to build a maritime aid corridor <\/strong>to deliver aid to Gaza, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b239jps-uae-cyprus-presidents-discuss-gaza-humanitarian\" style=\"\" rel=\"noopener\">Wam reports<\/a>. The initiative was announced by the UAE, Cyprus, the European Commission, Germany, Greece, Italy, the Netherlands, the UK, and the US <a target=\"_blank\" href=\"https:\/\/wam.ae\/article\/b21h8cd-european-commission-cyprus-uae-issue-joint\" style=\"\" rel=\"noopener\">earlier this month<\/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=\"uae\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p class=\"tag-border-left\"> DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The total number of issued and renewed business licenses in Sharjah grew 4.1% <\/strong><strong>y-o-y in 2023<\/strong>, reaching 66.3k, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/13t4jsh-sharjah-economic-development-department-releases\" style=\"\" rel=\"noopener\">Wam<\/a> reports citing the Sharjah Economic Development Department.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Sharjah saw AED 3.1 bn worth of real estate trade from 4,458 transactions in <\/strong>February, the Sharjah Real Estate Registration Department said, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/real-estate\/sharjah-real-estate-transactions-hit-844mln-during-february-nq4kammc\" style=\"\" rel=\"noopener\">Wam<\/a>. Of all the transactions during the month, sales accounted for 1,048 (23.5%), mortgages for 355 (8%) with a value of AED 581.4 mn, and the remaining 3,055 transactions constituted 68.5% of the total.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- DMCC achieved its second-best year on record in 2023 with 2.7k new companies <\/strong><strong>joining<\/strong>, bringing the total number of companies to over 24k, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/March\/11-03\/DMCC-Report\" style=\"\" rel=\"noopener\">statement<\/a>. DMCC continued to be a primary destination for foreign direct investment, contributing to 11% of Dubai's FDI flows during the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a><strong> #4- The Abu Dhabi Investment Authority maintained its position as the fourth largest<\/strong><strong> sovereign wealth fund in the Sovereign Wealth Fund <\/strong><strong>Institute\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.swfinstitute.org\/fund-rankings\/sovereign-wealth-fund\" style=\"\" rel=\"noopener\">latest list<\/a><\/strong>of largest sovereign wealth funds by total assets.The Abu Dhabi fund has racked up USD 993 bn in assets, trailing behind sovereign wealth funds in Norway and China, which pooled assets above USD 1 tn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other UAE wealth funds keeping it company: <\/strong>The Investment Corporation of Dubai, Abu Dhabi Developmental Holding Company, and Mubadala Investment Capital ranked among the top 20, securing the twelfth, fourteenth, and eighteenth place, followed by Emirates Investment Authority (#21) and Dubai Investment Fund (#22).<\/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>It\u2019s not the big story abroad, but it should be: <\/strong><a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/03\/11\/ramadan-hunger-gaza-israel-hamas-war-00146376\" style=\"\" rel=\"noopener\">Ramadan begins with hunger worsening in<\/a><a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/03\/11\/ramadan-hunger-gaza-israel-hamas-war-00146376\" style=\"\" rel=\"noopener\">Gaza and no end to war in sight<\/a>, writes Politico. Gaza is on (but not atop) the world\u2019s front pages. Joe Biden had suggested a Ramadan ceasefire was in reach \u2014 it didn\u2019t happen. That has many outlets diving deep into the state of relations between the US and Israel, including Bloomberg\u2019s big front-page take: <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-11\/israel-hamas-war-revealing-tension-between-biden-netanyahu-over-gaza-deaths\" style=\"\" rel=\"noopener\">Tension between Israel and US is rising with Gaza death toll<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also in Washington: <\/strong>Joe Biden\u2019s <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/bidens-2024-us-government-budget-is-also-campaign-pitch-2024-03-11\/\" style=\"\" rel=\"noopener\">USD 7.3 tn budget<\/a> proposes new taxes on corporations and high-income earners.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plus: <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/03\/11\/tiktok-us-ban-bytedance-divest-sell\" style=\"\" rel=\"noopener\">Tiktok<\/a><\/strong><strong> could face a ban in the US of A<\/strong> when lawmakers vote on Wednesday and <strong><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/03\/11\/reddit-to-raise-nearly-750-million-in-upcoming-ipo.html\" style=\"\" rel=\"noopener\">Reddit<\/a><\/strong><strong> is looking to raise USD 500 mn <\/strong>in an IPO that could set the tone for tech listings this year. (<a target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1713445\/000162828024006294\/reddits-1q423.htm#i1b9a579e78a34dfa99f7f26daeec195b_88\" style=\"\" rel=\"noopener\">You can check out its S-1 filing here.<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in London: <\/strong>Photo editors at mainstream newspapers are freaked out that Princess Catherine\u2019s Mother\u2019s Day portrait was photoshopped. <strong>Much ado about nothing? <\/strong>Experts say the image is \u201cconsistent with an amateur splicing together different images from the same session to make a nice family portrait,\u201d the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/uk\/kate-middleton-altered-photo-princess-of-wales-07920f5e?mod=hp_lead_pos9\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> writes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why all the fuss? <\/strong>Catherine has stepped back from public life since abdominal surgery in January.<\/p>\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>The Hamdan bin Mohammed bin Rashid Al Maktoum International Photography <\/strong><strong>Award has unveiled new categories<\/strong> \u2014 'Sports Photography' and 'Short Videos' \u2014 open for submissions until 30 June 2024, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/March\/10-03\/HIPA-Contest\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>. You can submit applications <a target=\"_blank\" href=\"https:\/\/www.hipa.ae\/\" style=\"\" rel=\"noopener\">here<\/a>.<\/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.worldfutureenergysummit.com\/en-gb\/ecowaste.html\" style=\"\" rel=\"noopener\">EcoWaste Exhibition and Forum<\/a><\/strong><strong> is set to take place between 16 to 18<\/strong><strong>April <\/strong>at the Abu Dhabi National Exhibition Centre as one of the six specialized verticals within the program of the <a target=\"_blank\" href=\"https:\/\/www.worldfutureenergysummit.com\/\" style=\"\" rel=\"noopener\">World Future Energy Summit<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/10th-ecowaste-exhibition-and-forum-to-create-blueprint-for-addressing-regions-waste-challenges-nvhf4hmn\" style=\"\" rel=\"noopener\">press release<\/a>. The event is organized by RX Middle East in partnership with <a target=\"_blank\" href=\"https:\/\/www.tadweer.ae\/\" style=\"\" rel=\"noopener\">Tadweer Group<\/a> to showcase the latest technologies in the field of waste management.<\/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>Good morning, lovely people. We hope the first day of Ramadan has been kind to you. We have a packed issue for you this morning, filled with forecasts for our real estate sector, some updates on M&amp;As, and big AI news from Abu Dhabi. THE BIG STORY here at home, in our view, is S&amp;P [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":89903,"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":[143,7,83,149,60,183,98,1390,6],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-energy","tag-enterpriseam-uae","tag-gaza","tag-ipo-watch","tag-ma-watch","tag-parkin","tag-real-estate","tag-sharjah","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"cc627f1a-b821-427a-842e-42996070d76b","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/2\/2.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: RedBird IMI\u2019s Telegraph takeover bid could see more obstacles","related_issue":[89900],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.fc5b1dfa-4d22-4991-8631-090e62b7c7f1.mp3"},"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>RedBird IMI\u2019s Telegraph takeover bid could see more obstacles - 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\/2024\/03\/12\/redbird-imis-telegraph-takeover-bid-could-see-more-obstacles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RedBird IMI\u2019s Telegraph takeover bid could see more obstacles\" \/>\n<meta property=\"og:description\" content=\"Good morning, lovely people. We hope the first day of Ramadan has been kind to you. We have a packed issue for you this morning, filled with forecasts for our real estate sector, some updates on M&amp;As, and big AI news from Abu Dhabi. 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