{"id":93871,"date":"2024-07-16T00:00:00","date_gmt":"2024-07-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/travel-ban-on-nigeria-lifted-indonesian-president-is-in-town\/"},"modified":"2024-07-16T00:00:00","modified_gmt":"2024-07-16T00:00:00","slug":"travel-ban-on-nigeria-lifted-indonesian-president-is-in-town","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/07\/16\/travel-ban-on-nigeria-lifted-indonesian-president-is-in-town\/","title":{"rendered":"Travel ban on Nigeria lifted + Indonesian president is in town"},"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 have a busy issue for you today, packed with startup and investment news \u2014 plus some activity in the oil and gas sector. <\/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> is Adnoc Gas\u2019 AED 2 bn EPC contracts for its gas pipeline expansion project, Estidama. We also have news of a dip in activity in our construction sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT FIRST-<\/strong> <strong>Remember the Chevron oil tanker seized by Iran over a year ago? <\/strong>It\u2019s now anchored near the UAE\u2019s Khor Fakkan port, a week after its release<strong>,<\/strong> <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/oil-tanker-seized-by-iran-2023-anchors-near-uae-coast-tracking-data-shows-2024-07-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing ship tracking data. The vessel, Advantage Sweet, was seized by the Iranian navy in April 2023 following an alleged collision with an Iranian boat in the Gulf of Oman.<\/p>\n<p class=\"tag-border-left\"> PUBLIC SERVICE ANNOUNCEMENTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>WEATHER- Brace yourselves for a sweltering day: <\/strong>The mercury will hit 45\u00b0C in <strong>Dubai<\/strong>, with an overnight low of 35\u00b0C. Things will be a little cooler in <strong>Abu Dhabi<\/strong>, where temperatures will hit 36\u00b0C before cooling to 34\u00b0C overnight. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a><strong> #2- Nigerians can now obtain visas to the UAE after a 21-month-long travel ban was <\/strong><strong>lifted<\/strong>, Nigerian Information Minister Mohammed Idriss <a target=\"_blank\" href=\"https:\/\/x.com\/HMMohammedIdris\/status\/1812874568198959250\" style=\"\" rel=\"noopener\">said on X<\/a> yesterday. The move comes following talks between Emirati and Nigerian authorities, which culminated in \u201cupdated controls and conditions\u201d to allow Nigerians to obtain UAE visas. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>The ban, implemented in 2022, came due to issues like an inability to repatriate funds from Nigeria, with airlines from both countries later halting flights. Emirates <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3529a6cb-30de-47c9-a3a6-c0cd3061df0a\/ad-ports-to-upgrade-bangladesh%25e2%2580%2599s-chittagong-ports\" style=\"\" rel=\"noopener\">had already said<\/a> it would resume flights to Lagos in May. <\/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\"><a id=\"wwtt2\"><\/a> <strong>#1- Indonesian president is in town<\/strong>: Indonesian President Joko Widodo arrives in the UAE today for a two-day visit, during which he will meet with President Sheikh Mohamed bin Zayed Al Nahyan to discuss the economic partnership inked between the two countries in <a target=\"_blank\" href=\"https:\/\/www.moec.gov.ae\/en\/cepa_indonesia\" style=\"\" rel=\"noopener\">2022<\/a> and enhancing bilateral cooperation across various sectors, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b46a5au-indonesian-president-commence-state-visit-uae\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- A meet-and-greet event with US basketball legends Steve Smith and Alonzo Mourning will kick off today at the Etihad Arena in <\/strong><strong>Abu Dhabi<\/strong>, according to an Abu Dhabi Media Office <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/sport\/etihad-arena-to-host-courtside-conversations-forum-with-usa-basketball-during-2024-usa-basketball-showcase-games-in-abu-dhabi\/\" style=\"\" rel=\"noopener\">statement<\/a>. The event, which takes place on the sidelines of the 2024 USA Basketball Showcase Games in Abu Dhabi being held from July 15-17, will also feature panel discussions, and will be attended by senior executives, exclusive players and coaches. Tickets can be purchased from <a target=\"_blank\" href=\"https:\/\/www.etihadarena.ae\/\" style=\"\" rel=\"noopener\">Etihad Arena<\/a> or <a target=\"_blank\" href=\"https:\/\/www.ticketmaster.ae\/artist\/usa-basketball-showcase-tickets\/1238534\" style=\"\" rel=\"noopener\">Ticketmaster<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Australian Boomers lost 98-92 to Team USA in the USA Basketball Showcase Abu <\/strong><strong>Dhabi yesterday. <\/strong>The American team features top NBA players such as LeBron James, Stephen Curry, Jayson Tatum, Joel Embiid, and Kevin Durant. Team USA is set to compete against Serbia tomorrow. <\/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=\"wwtt3\"><\/a> <strong>#1- The UAE raised some USD 1.3 bn from three IPOs in 1H 2024<\/strong>, accounting for 37% of total IPO proceeds in the GCC, the Kuwait Financial Center (Markaz) said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/7\/1134.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. This marks a decline of 67% y-o-y in terms of value. On the upside, the three IPOs \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/de573f5b-c1df-4b13-ba64-58e95fdfcffb\/%253cmark%253eparkin%253c%2Fmark%253e-share-price-rises-35%2525-on-market-debut\" style=\"\" rel=\"noopener\">Parkin<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/65ee8d31-39fa-4506-ac4e-bdf3e240be04\/%253cmark%253espinneys%253c%2Fmark%253e-share-jump-on-market-debut\" style=\"\" rel=\"noopener\">Spinneys<\/a> on the DFM and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8f0fda5b-4767-467e-a4af-d1219b067b0e\/abu-dhabi%25e2%2580%2599s-first-ipo-in-2024-tumbles-18%2525-on-market-debut\" style=\"\" rel=\"noopener\">Alef Education<\/a> on the ADX \u2014 were among the biggest five listings in the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GCC IPOs\u2019 proceeds also fell 32% y-o-y to USD 3.6 bn<\/strong>, with Saudi Arabia accounting for the biggest number of listings with 19 offerings, according to the report. Healthcare IPOs accounted for some 22% of IPOs, while tech accounted for 14%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> We have a healthy pipeline for the rest of the year: <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c51b4ea9-069c-433b-a44a-d91139d4417f\" style=\"\" rel=\"noopener\">Etihad Airways<\/a> and supermarket chain <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/fa864923-b630-428a-8983-899370e1ccb4\/lulu-moves-forward-with-planned-ipo\" style=\"\" rel=\"noopener\">LuLu group<\/a> have each tapped banks to advise on their planned IPOs on the ADX, while Alpha Dhabi is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b5a6a284-e95b-4f0b-a577-0cfaccd95a8d\/abu-dhabi%25e2%2580%2599s-alpha-data-mulls-usd-200-mn-ipo\" style=\"\" rel=\"noopener\">mulling<\/a> a USD 200 mn IPO as soon as this year. Alpha Dhabi Holding\u2019s CEO also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2334bbcc-3844-4ecf-a2d2-3ef83a36b95b\/alpha-dhabi-eyes-ipos-for-its-subsidiaries-this-year\" style=\"\" rel=\"noopener\">pointed to plans<\/a> to list some of the firm\u2019s subsidiaries this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over on the DFM<\/strong>, both construction firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e2feb924-f76a-4703-af1e-485f9061c6b2\/icd-backed-alec-taps-banks-ahead-of-planned-ipo\" style=\"\" rel=\"noopener\">Alec<\/a> and hospitality group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e41498de-e70b-4fe3-81cc-992793f20f9c\/%253cmark%253efive-holdings%253c%2Fmark%253e-taps-banks-for-2025-ipo\" style=\"\" rel=\"noopener\">Five Holdings<\/a> tapped advisors, and shisha producer Advanced Inhalation Rituals was said to be <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/mideasts-biggest-tobacco-firm-air-invites-banks-pitch-roles-ipo-sources-2023-07-04\/\" style=\"\" rel=\"noopener\">eyeing an IPO<\/a> in 1H 2024. Amanat Holdings is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a7487593-d87d-409f-8b7b-96601eda5c08\/expect-at-least-five-more-ipos-in-the-uae-this-year\" style=\"\" rel=\"noopener\">looking to list<\/a> either its education or healthcare unit, with reports that its healthcare unit could raise some USD 200 mn as soon as this year.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#2- UAE banks\u2019 revenues are expected to have fallen 7% y-o-y in 2Q 2024<\/strong> to AED 14.8 bn, driven by a surge in interest payments on deposits that might fail to offset the increased returns received from surging lending portfolios, according to analyst forecasts picked up by CNBC Arabia <a target=\"_blank\" href=\"https:\/\/www.cnbcarabia.com\/125551\/2024\/12\/07\/%D8%AA%D9%88%D9%82%D8%B9%D8%A7%D8%AA-%D8%A8%D8%A7%D9%86%D8%AE%D9%81%D8%A7%D8%B6-%D8%A3%D8%B1%D8%A8%D8%A7%D8%AD-%D8%A3%D9%83%D8%A8%D8%B1-5-%D8%A8%D9%86%D9%88%D9%83-%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%8A%D8%A9-%D8%A8%D9%86%D8%B3%D8%A8%D8%A9-7--%D8%A5%D9%84%D9%89-14.8-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D8%B1%D9%87%D9%85-%D8%A8%D8%A7%D9%84%D8%B1%D8%A8%D8%B9-%D8%A7%D9%84%D8%AB%D8%A7%D9%86%D9%8A-2024-\" style=\"\" rel=\"noopener\">(watch, runtime: 4:23)<\/a>. UAE lenders\u2019 net income is also expected to be dented by the introduction of the corporate tax and the upcoming interest rate cuts by the US Federal Reserve.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Emirates NBD is expected to record the highest bottomline among the UAE\u2019s top five lenders<\/strong> in 2Q 2024, with a net income of AED 5.3 bn, down 14% y-o-y, followed by First Abu Dhabi Bank with AED 4 bn in net income, down 5% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Dhabi Commercial Bank (ADCB) is anticipated to see the only increase in net income during the quarter<\/strong>, reaching AED 2.1 bn, posting a 7% y-o-y growth. CNBC attributed this growth to an increase in ADCB\u2019s client deposits.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- UAE ins. companies' net incomes could also fall by up to 25% in 2Q 2024, <\/strong>on the back of unprecedented rains in April, leading to a \u201cmassive\u201d increase in claims related to automobiles, villas, and commercial properties, with up to 100k vehicles damaged, <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/uae-insurers-profits-could-drop-up-to-25-due-to-rains-in-april\" style=\"\" rel=\"noopener\">Khaleej Times<\/a> cites Lux Actuaries and Consultants senior consulting actuary Salman Shah as saying. Ins. losses are estimated at some USD 2.4 bn, with motors' share at USD 250 mn, and property claims increasing to USD 850 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ins. companies are expected to see a drop in net income rather than outright losses<\/strong>, with smaller and less capitalized insurers potentially facing liquidity and solvency issues. Reins. coverage and investment income \u2014 which increased to AED 754 mn in 1Q 2024, from AED 559 mn in 1Q 2023 \u2014 will help to offset the financial impact of increased claims for the quarter. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We could see a potential spillover in 3Q, <\/strong>as loss amounts are revised, or companies push some losses to the next reporting period, Khaleej Times cites AM Best associate director Jessica Botelho-Young as saying.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Abu Dhabi Chamber to sign 100 partnerships by year end: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.abudhabichamber.ae\/en\" style=\"\" rel=\"noopener\">Abu Dhabi Chamber of<\/a><a target=\"_blank\" href=\"https:\/\/www.abudhabichamber.ae\/en\" style=\"\" rel=\"noopener\">Commerce and Industry<\/a> has rolled out an initiative aimed at inking 100 partnerships with other chambers of commerce and business offices across MENA, Asia, Europe, Australia, Africa, and Latin America by the end of 2024, <a target=\"_blank\" href=\"https:\/\/wam.ae\/ar\/article\/b469xil-%D9%85%D8%A8%D8%A7%D8%AF%D8%B1%D8%A9-%D8%BA%D8%B1%D9%81%D8%A9-%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A-%D8%AA%D8%B7%D9%85%D8%AD-%D8%A5%D9%84%D9%89-%D8%AA%D9%88%D9%82%D9%8A%D8%B9-100-%D8%B4%D8%B1%D8%A7%D9%83%D8%A9-%D8%BA%D8%B1%D9%81\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Under the initiative, the chamber\u2019s Abu Dhabi Business Connect platform will give local businesses access to over 3 mn member companies around the world, expanding their reach to international markets. The platform will also serve as a venue for startups and SMEs to showcase their products and services to global investors.<\/p>\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- EDB pours AED 3.6 bn into financing in 1H 2024: <\/strong>Emirates Development Bank (EDB) has provided some AED 3.6 bn in financing in 1H 2024 to companies across the manufacturing, advanced tech, food security, healthcare, and renewable energy sectors, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b46a57w-edb-reports-aed1114-billion-cumulative-financing\" style=\"\" rel=\"noopener\">Wam<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>Some AED 2 bn \u2014 over half of EDB\u2019s financing \u2014 went to the manufacturing sector, while the renewables sector got AED 833 mn in total financing. Some AED 532 mn was directed to advanced tech. Micro, small, and medium enterprises received AED 980 mn of the funds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The value of Dubai International Financial Centre (DIFC) Courts\u2019 cases increased <\/strong><strong>to a record AED 1.05 bn in 1H 2024, <\/strong>with 480 cases filed across all divisions, it said in a <a target=\"_blank\" href=\"https:\/\/www.difccourts.ae\/media-centre\/newsroom\/difc-courts-records-strong-uptake-services-first-six-months-2024\" style=\"\" rel=\"noopener\">statement<\/a>. The Court of First Instance comprised AED 1.02 bn of total cases in 1H 2024, with 57 cases filed, while the Small Claims Tribunal logged 265 claims worth AED 27.2 mn. DIFC Courts issued 913 orders and 85 judgments during the period.<\/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>Donald Trump is still in front pages everywhere \u2014 this time after formally taking the <\/strong><strong>Republican nomination. <\/strong>He has named Ohio Senator JD Vance as his running mate \u2014 Vance was once a Trump critic and is a sharp populist \u2014 in a move that the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/elections\/trump-vp-pick-jd-vance-f179310d\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> says could be aimed at clinching victory in the Midwest battleground states. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump made his first public appearance<\/strong><strong> since his assassination attempt<\/strong> \u2014 with a big bandage on his ear \u2014 at the Republican National Convention, which is still underway at dispatch time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- A US judge dismissed a criminal case over Trump\u2019s handling of classified <\/strong><strong>document<\/strong>s, in the latest legal victory for the former president, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/us-news\/law\/federal-judge-dismisses-classified-documents-prosecution-against-trump-db0cde1b?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">WSJ<\/a> reported separately. The judge in the case is a Trump appointee who has made a <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/06\/20\/us\/politics\/trump-documents-case-unusual-rulings.html\" style=\"\" rel=\"noopener\">series of baffling or unorthodox rulings<\/a> in the case. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Trump will force Ukraine-Russia peace talks<\/strong> if he\u2019s elected president, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/44493fa9-d8f2-4407-94ac-a072c1976ca2\" style=\"\" rel=\"noopener\">says<\/a> Hungary\u2019s prime minister, Viktor Orb\u00e1n.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OVER IN FRANCE- The fragile unity within the country\u2019s New Popular Front is fraying <\/strong>as coalitions within the party fail to agree over a new prime minister, <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/france\/20240715-france-enters-high-stakes-week-politics-leftist-bloc-sets-sights-speaker-chair\" style=\"\" rel=\"noopener\">France24<\/a> reports. The government is set to convene on Thursday for the first time to elect a new president of the national assembly, equivalent to the speaker of the house. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN THE BUSINESS PRESS- Apple\u2019s shares rose to a record high<\/strong> after Morgan Stanley identified the stock as a \u201ctop pick,\u201d giving it a valuation of USD 3.62 tn, attributing the choice to the iPhone manufacturer\u2019s AI efforts, which it expects to help boost sales.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF APPLE- Fellow iSheep can now download the beta version of iOS 18<\/strong> (and iPad, macOS, watch OS 18, and macOS Sequoia). (<a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2024\/7\/15\/24198912\/ios-18-public-beta-now-available-iphone-apple-intelligence-siri-software-update\" style=\"\" rel=\"noopener\">The Verge<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND IN EARNINGS NEWS- Goldman Sachs saw its net income <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.goldmansachs.com\/media-relations\/press-releases\/2024\/2024-07-15-q2-results.html\" style=\"\" rel=\"noopener\">more than double<\/a><\/strong><strong> in 2Q <\/strong><strong>2024 to USD 3 bn <\/strong>due to a recovery in dealmaking. Morgan Stanley is set to report its earnings today. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"background-color: transparent;\">&nbsp;<\/span><a href=\"https:\/\/uaeformar.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/13.jpg?ssl=1\"><\/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>T<\/strong><strong>he <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.aerospacesummit.com\/\" style=\"\" rel=\"noopener\">Global Aerospace Summit<\/a><\/strong><strong> is set to take place from 25-26 September <\/strong>at the St. Regis Saadiyat Island Resort in Abu Dhabi. The summit brings together CEOs from the global aerospace supply chain in a bid to ramp up investments in innovation in the aerospace, aviation, space, and defense sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The IEEE\/RSJ International Conference on Intelligent Robots and Systems (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/iros2024-abudhabi.org\/\" style=\"\" rel=\"noopener\">IROS<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/iros2024-abudhabi.org\/\" style=\"\" rel=\"noopener\">2024<\/a><\/strong><strong>) <\/strong>is set to take place from 14-18 October at Adnec Centre Abu Dhabi \u2014 its first time in the Middle East. Hosted by Khalifa University of Science and Technology, the annual robotics conference will be attended by researchers, academics and global industry professionals, according to a <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/education\/hosted-by-khalifa-university-of-science-and-technology-ieee-rsj-international-conference-on-intelligent-robots-and-systems-iros-2024-to-take-place\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a> statement. <\/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:\/\/premierpadel.com\/en\/tournaments-upcoming\/dubai-premier-padel-p1\" style=\"\" rel=\"noopener\">Dubai Premier Padel P1<\/a><\/strong><strong> is set to take place at the Dubai Dutyfree Tennis Stadium<\/strong> from 3-10 November. The event is part of a 25-tournament season spanning 18 countries and featuring 256 male and female players competing for a prize pool of EUR 470k, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2024\/july\/14-07\/dubai-premier-padel\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a>.<\/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: The UAE raised some USD 1.3 bn from IPOs in 1H 2024<\/p>\n","protected":false},"author":1,"featured_media":93872,"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":[237,7,149,387,6],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-earnings-watch","tag-enterpriseam-uae","tag-ipo-watch","tag-tourism","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"a66b16ea-6667-46e4-b823-5a028c3414b8","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/4\/526.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Travel ban on Nigeria lifted + Indonesian president is in town","related_issue":[93869],"teaser":"Plus: The UAE raised some USD 1.3 bn from IPOs in 1H 2024","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.82031ae6-13d8-4dd4-b924-8540c9a44e0f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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