{"id":89999,"date":"2024-03-14T00:00:00","date_gmt":"2024-03-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/"},"modified":"2024-03-14T00:00:00","modified_gmt":"2024-03-14T00:00:00","slug":"parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/","title":{"rendered":"Parkin to price its IPO + UAE\u2019s economy to grow 4.6% in 2024, according to Moody\u2019s"},"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 have a packed issue for you this morning as we slide into the end of the first workweek of Ramadan (but who\u2019s counting?), so without further ado\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But first<\/strong><strong>, when do we eat?<\/strong> Maghrib prayers are at 6:31pm in Dubai, and 6:34pm in Abu Dhabi. Fajr prayers are at 5:12am in Dubai and 5:16am in Abu Dhabi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Several stories are vying for your attention this morning<\/strong>, including reports that <strong>Eagle Hills<\/strong> will spend <strong>EUR 5 bn<\/strong> on a development in <strong>Budapest<\/strong>, updates on <strong>two cross-border M&amp;As<\/strong> that could fall through, tons of <strong>investment news<\/strong>, and a new <strong>legislation to regulate digital assets <\/strong>in Dubai.<\/p>\n<p class=\"tag-border-left\"> PUBLIC SERVICE ANNOUNCEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Fog alert: <\/strong>The National Center of Meteorology <a target=\"_blank\" href=\"https:\/\/twitter.com\/ncmuae\/status\/1767958917533888978\" style=\"\" rel=\"noopener\">warned<\/a> of a heavy fog formation in coastal and inland areas that could affect visibility until 9am today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- If you were scheduled to fly Emirates between Hamburg and Dubai, your flight <\/strong><strong>may have been canceled or delayed: <\/strong>Emirates <a target=\"_blank\" href=\"https:\/\/www.emirates.com\/de\/english\/help\/travel-updates\/\" style=\"\" rel=\"noopener\">made changes<\/a> to two flights set to fly from Hamburg to Dubai today due to aviation staff in Germany <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/strike-called-german-aviation-security-staff-expands-friday-2024-03-13\/\" style=\"\" rel=\"noopener\">going on strike<\/a>. Flight EK060 has been canceled, while flight EK062 was pushed to tomorrow at 5:30pm.<\/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>Parkin is set to price its IPO today<\/strong>, following a successful book building process that saw books covered within seconds of books opening last week, setting it up to raise up to AED 1.57 bn from the listing. Parkin\u2019s shares will start trading next Thursday, 21 March under the ticker PARKN.<\/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 within minutes<\/a> after the book building process kicked off last week, setting it up to raise up to <\/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-<\/strong><strong>ADIA-backed Galderma sets price range for IPO:<\/strong> Abu Dhabi Investment Authority-backed Swiss pharma company <a target=\"_blank\" href=\"https:\/\/www.galderma.com\/\" style=\"\" rel=\"noopener\">Galderma<\/a> has set the indicative price range for shares in its upcoming IPO on SIX Swiss Exchange at CHF 49-53 per share, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/1163.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The share sale could see Galderma raise some CHF 2.3 bn (USD 2.6 bn). The final pricing will be announced next Thursday, 21 March, with trading set to begin the following day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> In <a target=\"_blank\" href=\"https:\/\/www.adia.ae\/en\/investments\/private-equity\/portfolio\/case-studies\/galderma\" style=\"\" rel=\"noopener\">2019<\/a>, a consortium of ADIA, Swedish private equity company EQT, and Singapore's GIC acquired Galderma, formerly called Nestl\u00e9 Skin Health, for CHF 10.2 bn from Nestl\u00e9. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADIA and EQT are set to remain major shareholders following Galderma\u2019s debut<\/strong>, CEO Flemming Ornskov told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/skin-care-company-galderma-announces-23-billion-float-swiss-exchange-2024-03-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> last week. The proceeds from the IPO will be used to \u201cstrengthen [Galderma\u2019s] balance sheet by repaying and refinancing debt,\u201d the company said in its statement.<\/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\"><a id=\"wwtt3\"><\/a><strong> #1- Global credit rating agency <\/strong><strong>Moody\u2019s<\/strong><strong> expects the UAE\u2019s economy to grow 4.6% <\/strong><strong>in 2024<\/strong>,up from 3.1% in 2023, on the back of high business confidence and government reforms to attract foreign investments, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/banking\/2024\/03\/13\/moodys-revises-outlook-for-uae-banks-to-positive-on-continued-economic-growth\/#:~:text=The%20UAE%27s%20real%20gross%20domestic,in%20a%20report%20on%20Wednesday\" style=\"\" rel=\"noopener\">The National<\/a> reports, citing its latest <a target=\"_blank\" href=\"https:\/\/www.moodys.com\/research\/Banking-System-Outlook-United-Arab-Emirates-Resilient-economy-and-strengthening--PBC_1397375?cy=can&amp;lang=en\" style=\"\" rel=\"noopener\">UAE outlook<\/a>. Moody\u2019s also attributes growth to a flexible and dynamic non-oil economy buffering against global macroeconomic uncertainties, and increasing borrowers\u2019 ability to repay loans.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The figure is more or less in line with other pundits\u2019 forecasts:<\/strong> S&amp;P Global expects the economy to accelerate to more than 5%, while the Central Bank of the UAE expects it to grow 5.7% and the Finance Ministry projects 5.3% growth. On the less bullish side, the World Bank expects to see 3.7% growth in 2024, while The Arab Monetary Fund sees the economy growing at a 4.3% clip.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agency reaffirmed the local banking sector\u2019s rating at Aa2 and revised its outlook to <\/strong><strong>positive<\/strong><strong> from stable<\/strong>, signifying strengthened shock-absorbing margins and high cash reserves for banks. Loans will also remain broadly stable, while deposit growth is expected to remain higher than credit demand, Moody\u2019s reportedly said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Some AED 61 bn in local industrial exports passed through Abu Dhabi\u2019s Ports during <\/strong><strong>2023<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.albayan.ae\/economy\/uae\/2024-03-13-1.4837826\" style=\"\" rel=\"noopener\">Albayan<\/a> reports, citing data from Statistics Center Abu Dhabi. Some 20.5% of the year\u2019s industrial exports \u2014 worth AED 12.5 bn \u2014 were concentrated in 4Q 2023. Heavy industries accounted for the lion\u2019s share (46%) of total exports, amounting to AED 28.1 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a><strong> #3- Dubai real estate market prices surged during February to their highest level <\/strong><strong>in <\/strong><strong>almost a decade<\/strong>,climbing 17.4% y-o-y in February to AED 1.294 per sq ft, according to data from <a target=\"_blank\" href=\"https:\/\/propertymonitor.com\/insights\/monthly-market-report\/monthly-market-report-february-2024\" style=\"\" rel=\"noopener\">Property Monitor<\/a>. Sales also hit a record high of 11.9k transactions, up 30.4% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Dubai\u2019s real estate market <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/93f934ee-0231-47f6-aba4-f34a0cf0f7d6\/more-growth-incoming\" style=\"\" rel=\"noopener\">is widely expected<\/a><\/strong><strong> to see more price growth in 2024<\/strong>, though most analysts predict slower growth from last year\u2019s boom. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a><strong> #4- Dubai ranked ninth in Preply\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/preply.com\/en\/blog\/expat-cities\/\" style=\"\" rel=\"noopener\">Global Expat Index<\/a><\/strong>,coming ahead of cities includingToronto and Sydney with a total score of 6.8. The city was ranked as the third-best in Asia for expats planning to move in 2024, scoring 6.81 on the back of a high safety score (83.4) and an attractive tax framework.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi bagged eighth place in Asia for expats planning to move in 2024 <\/strong>with a score of 6.09. The emirate ranked highest in safety in Asia, with an overall score of 86.71.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The volume of goods processed through Dubai Commercity\u2019s transit hub rose<\/strong><strong> 56% y-o-y in 2023<\/strong>, and orders completed via its digital trade platform surged by 158%, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/March\/13-03\/Dubai-CommerCity-records-unprecedented\" style=\"\" rel=\"noopener\">statement<\/a>. Its digital trade platforms facilitated a 92% surge in shipping operations for goods from distribution centers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- DMCC reported a record-breaking USD 38.3 bn in diamond trade in 2023<\/strong>, with a 32% y-o-y increase in the value of polished diamond transactions, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/March\/13-03\/DMCC-announces\" style=\"\" rel=\"noopener\">statement<\/a>. The value of rough and polished diamonds traded rose 2% y-o-y to USD 38.3 bn, with a compound annual growth rate of 11% over the past five years. <\/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 a toss-up between the US presidential election and Tiktok for which story is getting <\/strong><strong>the most attention this morning<\/strong> in the global business press. Media outlets around the world are taking stock of Trump v. Biden, Round II \u2014 it\u2019s the first rematch between US presidential contenders <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/presidential-race-rematch-history-biden-trump-cleveland-8d5c41537e397cb02924ef60e1183dca\" style=\"\" rel=\"noopener\">since 1956<\/a>. They\u2019re also asking what\u2019s next for Tiktok after the House of Representatives voted yesterday to give owner ByteDance six months to sell it or face a ban in the US of A. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Must-read on the US election:<\/strong><a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-biden-primary-georgia-washington-mississippi-hawaii-15bb0084ad656903ffef14cfae822abd\" style=\"\" rel=\"noopener\">Biden and Trump clinch nominations, setting the stage for a<\/a><a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-biden-primary-georgia-washington-mississippi-hawaii-15bb0084ad656903ffef14cfae822abd\" style=\"\" rel=\"noopener\">grueling general election rematch<\/a> (Associated Press).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Must-read on TikTok:<\/strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/6857cfc9-077d-493f-945d-eafd1ba5bb20\" style=\"\" rel=\"noopener\">What\u2019s next for TikTok and its US users after House approves ban<\/a> (Financial Times).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cue the protectionists: Overseas takeovers of high-profile western companies are raising <\/strong><strong>hackles in London and Washington.<\/strong> Rishi Sunak is pushing for legislation that would <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/03\/13\/2024\/uk-to-ban-foreign-states-from-owning-newspapers-after-telegraph-controversy\" style=\"\" rel=\"noopener\">prevent UAE-backed RedBird IMI from bidding for The Telegraph<\/a>. And across the pond, Joe Biden is expected to speak out today against <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/biden-express-concern-over-nippon-steels-deal-us-steel-ft-reports-2024-03-13\/\" style=\"\" rel=\"noopener\">Nippon Steel\u2019s USD 14.9 bn bid for US Steel<\/a>.<\/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 <\/strong><strong><a target=\"_blank\" href=\"https:\/\/blockchain-life.com\/asia\/en\/\" style=\"\" rel=\"noopener\">Blockchain Life Forum 2024<\/a><\/strong><strong> is scheduled to run from Monday, 15 April to <\/strong><strong>Tuesday, 16 April<\/strong>,at Festival Arena in Dubai. The two-day event will gather web3 and crypto professionals from over 120 countries to discuss how to read and invest in the crypto market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.sharjahanimation.com\/\" style=\"\" rel=\"noopener\">The Sharjah Animation Conference<\/a><\/strong><strong>by the Sharjah Book Authority is set to run <\/strong><strong>from <\/strong><strong>1-5 May at Expo Centre Sharjah<\/strong>, gathering global animation leaders and artists.<\/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 have a packed issue for you this morning as we slide into the end of the first workweek of Ramadan (but who\u2019s counting?), so without further ado\u2026 But first, when do we eat? Maghrib prayers are at 6:31pm in Dubai, and 6:34pm in Abu Dhabi. Fajr prayers are at 5:12am [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":90000,"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":[19,7,20,149,386,183,1334,6],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-economy","tag-enterpriseam-uae","tag-gdp","tag-ipo-watch","tag-moodys","tag-parkin","tag-trade","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"5b3b1d18-e659-4ef2-9760-7880a4d59e2b","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/2\/561.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Parkin to price its IPO + UAE\u2019s economy to grow 4.6% in 2024, according to Moody\u2019s","related_issue":[89997],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.71f9f7c0-f871-44c2-bdee-8cc3e2c772ea.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>Parkin to price its IPO + UAE\u2019s economy to grow 4.6% in 2024, according to Moody\u2019s - 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\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parkin to price its IPO + UAE\u2019s economy to grow 4.6% in 2024, according to Moody\u2019s\" \/>\n<meta property=\"og:description\" content=\"Good morning, lovely people. We have a packed issue for you this morning as we slide into the end of the first workweek of Ramadan (but who\u2019s counting?), so without further ado\u2026 But first, when do we eat? Maghrib prayers are at 6:31pm in Dubai, and 6:34pm in Abu Dhabi. Fajr prayers are at 5:12am [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-14T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/561.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=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Parkin to price its IPO + UAE\u2019s economy to grow 4.6% in 2024, according to Moody\u2019s\",\"datePublished\":\"2024-03-14T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/\"},\"wordCount\":1228,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/561.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Economy\",\"EnterpriseAM UAE\",\"GDP\",\"IPO WATCH\",\"Moody\u2019s\",\"Parkin\",\"trade\",\"WHAT WE\u2019RE TRACKING TODAY\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/\",\"name\":\"Parkin to price its IPO + UAE\u2019s economy to grow 4.6% in 2024, according to Moody\u2019s - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/561.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-03-14T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/561.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/561.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Parkin to price its IPO + UAE\u2019s economy to grow 4.6% in 2024, according to Moody\u2019s\"}]},{\"@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":"Parkin to price its IPO + UAE\u2019s economy to grow 4.6% in 2024, according to Moody\u2019s - 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\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/","og_locale":"en_US","og_type":"article","og_title":"Parkin to price its IPO + UAE\u2019s economy to grow 4.6% in 2024, according to Moody\u2019s","og_description":"Good morning, lovely people. We have a packed issue for you this morning as we slide into the end of the first workweek of Ramadan (but who\u2019s counting?), so without further ado\u2026 But first, when do we eat? Maghrib prayers are at 6:31pm in Dubai, and 6:34pm in Abu Dhabi. Fajr prayers are at 5:12am [&hellip;]","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/","og_site_name":"UAE","article_published_time":"2024-03-14T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/561.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":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Parkin to price its IPO + UAE\u2019s economy to grow 4.6% in 2024, according to Moody\u2019s","datePublished":"2024-03-14T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/"},"wordCount":1228,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/561.jpg?fit=%2C&ssl=1","keywords":["Economy","EnterpriseAM UAE","GDP","IPO WATCH","Moody\u2019s","Parkin","trade","WHAT WE\u2019RE TRACKING TODAY"],"articleSection":["WHAT WE\u2019RE TRACKING TODAY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/","name":"Parkin to price its IPO + UAE\u2019s economy to grow 4.6% in 2024, according to Moody\u2019s - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/561.jpg?fit=%2C&ssl=1","datePublished":"2024-03-14T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/561.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/561.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/14\/parkin-to-price-its-ipo-uaes-economy-to-grow-4-6-in-2024-according-to-moodys\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Parkin to price its IPO + UAE\u2019s economy to grow 4.6% in 2024, according to Moody\u2019s"}]},{"@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\/2024\/2\/561.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/561.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\/2024\/2\/561.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/89999","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=89999"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/89999\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/89997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/90000"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=89999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=89999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=89999"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=89999"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=89999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}