{"id":97633,"date":"2024-11-07T00:00:00","date_gmt":"2024-11-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/this-morning-nmdc-eyes-gcc-based-acquisition-before-years-end-grace-period-for-tax-updates\/"},"modified":"2024-11-07T00:00:00","modified_gmt":"2024-11-07T00:00:00","slug":"this-morning-nmdc-eyes-gcc-based-acquisition-before-years-end-grace-period-for-tax-updates","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/11\/07\/this-morning-nmdc-eyes-gcc-based-acquisition-before-years-end-grace-period-for-tax-updates\/","title":{"rendered":"THIS MORNING: NMDC eyes GCC-based acquisition before year\u2019s end + Grace period for tax updates"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, everyone. <\/strong>We have a brisk issue for you this morning, led by news on LuLu\u2019s IPO, which raised AED 6.32 bn to secure the title of largest IPO of the year. Plus: A lot more updates from Adipec. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Expect more of the same in <strong>Dubai<\/strong> today, with a high of 34\u00b0C and a low of 26\u00b0C, while in <strong>Abu Dhabi<\/strong>, temperatures will peak at 30\u00b0C, before cooling to an overnight low of 26\u00b0C. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Abu Dhabi Global Market has rebranded to ADGM as part of a rebranding<\/strong>, which also sees it adopt a \u201cpath to forward\u201d motto to signal its forward-looking and future-focused approach, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/535.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. <\/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>IRH eyes cooperation with Egypt:<\/strong> State-owned International Holding Company subsidiary <a target=\"_blank\" href=\"https:\/\/irh.ae\/\" style=\"\" rel=\"noopener\">International Resources Holding<\/a> (IRH) is in talks with Egypt\u2019s Oil Ministry over the possibility of collaborating on liquefied natural gas trade and distribution in a bid to transport gas to foreign markets, according to a ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/pfbid0EPikvWM4omfRBKDGME4hZURDGDyKUBtZh5PREpZRFBQVGMu5Bqrsphxd34yQFStMl\" style=\"\" rel=\"noopener\">statement<\/a>. The talks, which came on the sidelines of ADIPEC, also saw the two parties exploring areas of cooperation in the mining sector.<\/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=\"wwtt2\"><\/a> <strong>#2- The National Marine Dredging Company (NMDC) plans to acquire a GCC-b<\/strong><strong>ased <\/strong><strong>company by the end of this year<\/strong>, the company\u2019s CEO Yasser Zaghloul told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/business\/energy\/2024\/11\/06\/abu-dhabis-nmdc-plans-gulf-acquisition-by-end-of-year\/\" style=\"\" rel=\"noopener\">The National<\/a>, without revealing further details. NMDC is also scanning global markets for potential acquisitions in fields related to the company\u2019s portfolio, including marine, dredging, logistics, and construction sectors, Zaghloul said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> NMDC said recently that it was working on a GCC-based acquisition with details of the transaction set to be announced \u201csoon.\u201d The company is also eyeing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/26ac2d06-a06a-46d5-8352-6c2e7e0ff452\/this-morning:%253cmark%253e-nmdc%253c%2Fmark%253e-plans-new-units,-expansion-%2B-abu-dhabi-crown-prince-heads-to-singapore\" style=\"\" rel=\"noopener\">developing new business units<\/a>, including NMDC Construction and NMDC LNS.<\/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=\"wwtt3\"><\/a> <strong>#3- Gov\u2019t launches AED 500 mn community incentives package:<\/strong> The government unveiled a AED 500 mn community initiative aimed at improving quality of life, supporting sustainable development, and strengthening social stability in the UAE, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b625kod-theyab-bin-mohamed-bin-zayed-launches-aed500\" style=\"\" rel=\"noopener\">Wam<\/a> reports. Launched by Deputy Prime Minister and Interior Minister Sheikh Theyab bin Zayed Al Nahyan during the UAE Government\u2019s annual meetings, the initiative will deliver \u201chigh-impact\u201d projects focused on women, children, and senior citizens, carried out through community councils offering various social services nationwide.<\/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- First Abu Dhabi Bank (FAB) is acting as global coord<\/strong><strong>inator for Africa Finance <\/strong><strong>Corporation\u2019s (AFC) USD 300 mn sukuk<\/strong>, set to be issued before the end of the year, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-06\/afc-eyes-return-to-islamic-bond-market-with-300-million-deal\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Emirates NBD was tapped to work on the debt offering alongside other banks, including Japan\u2019s SMBC, as the development finance institution looks to the Gulf for funds amid a growing interest in development and infrastructure projects on the continent, CEO Samaila Zubairu said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The issuance marks the Nigeria-based institution\u2019s first sukuk since 2017<\/strong>, when it raised <a target=\"_blank\" href=\"https:\/\/www.nasdaqdubai.com\/exchange\/media\/press-releases\/africa-finance-corporation-carries-o\" style=\"\" rel=\"noopener\">USD 150 mn<\/a>, attracting USD 230 mn in orders. The issuance was described as \u201cthe highest rated USD Sukuk issuance from an African entity\u201d at the time. It also earmarked 15% of its five-year USD 500 mn eurobond issuance to Middle Eastern investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Italian companies are aiming to reach USD 8 bn in exports to the UAE by the end of <\/strong><strong>2024<\/strong>, up from USD 7 bn last year, Italian Trade Commissioner Valerio Soldani told <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b625kfd-italian-companies-aim-expand-their-presence-uae\" style=\"\" rel=\"noopener\">Wam<\/a>, who noted that over 600 Italian firms are operating within the Emirates.<\/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>The UAE recorded a 10.5% y-o-y increase in hotel guests in 1H 2024<\/strong>, welcoming 15.3 mn visitors, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/ar\/article\/b625ck7-%D8%A7%D8%A8%D9%86-%D8%B7%D9%88%D9%82-153-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%86%D8%B2%D9%8A%D9%84-%D8%A8%D8%A7%D9%84%D9%85%D9%86%D8%B4%D8%A2%D8%AA-%D8%A7%D9%84%D9%81%D9%86%D8%AF%D9%82%D9%8A%D8%A9-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA\" style=\"\" rel=\"noopener\">Wam<\/a> cites Economy Minister Abdullah bin Touq as saying at the Hospitality Advisory Committee\u2019s latest meeting. Hotel occupancy rates across the country reached 80% during this period.<\/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>FTA offers grace period, waives penalties for tax record updates:<\/strong> The Federal Tax Authority (FTA) offered a grace period for tax registrants who have fallen behind on updating their tax records from 1 January 2024 until 31 March 2025, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b625kfe-federal-tax-authority-offers-grace-period-for\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The taxpayers who pay their penalty in the grace period will have their payment fully refunded.<\/p>\n<p class=\"tag-border-left\"> SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE Pro League Side Al Ain sacked Argentine coach Hernan Crespo <\/strong>following a run of defeats, including the latest 5-1 defeat against Saudi Pro League club Al Nassr in the Asian Champions League Elite, and a 3-0 defeat against Egypt\u2019s Al Ahly in the FIFA Intercontinental Cup late last month, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b625kx0-crespo-sacked-from-ain\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The club thanked him for his work, but has yet to announce a replacement for him. Crespo led Al Ain to its victory in the Asian Champions League last season.<\/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>#1- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adipec.com\/\" style=\"\" rel=\"noopener\">Adipec<\/a><\/strong><strong> is on its final day today<\/strong> at Adnec Center in Abu Dhabi. The event \u2014 the biggest oil and gas forum in the world \u2014 brings together over 40 ministers and over 200 C-suite executives and technology leaders from the Middle East, Asia, Africa, Europe, and the Americas, focusing on innovation and partnerships to advance the energy transition. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/visit.gulfoodmanufacturing.com\/?utm_source=google&amp;utm_medium=search&amp;utm_campaign=LS_GFM_Brand_t2_280824&amp;utm_adgroup=Brand&amp;utm_term=gulfood%20manufacturing%202024%20dates&amp;device=c&amp;utm_matchtype=e&amp;utm_network=g&amp;utm_placement=&amp;utm_content=717630097134&amp;utm_Adposition=&amp;utm_location=9196764&amp;utm_Sitelink=%7D&amp;utm_Audience=kwd-2228097508204&amp;utm_campaignid=21635108769&amp;utm_adgroupid=168569381426&amp;gad_source=1&amp;gclid=Cj0KCQjwmt24BhDPARIsAJFYKk0kaXXzX5DB-UQ-WHur4t-fQnKGBc0QBxDAE_VkkHpJWo6INwHwXNcaAoQcEALw_wcB\" style=\"\" rel=\"noopener\">Gulfood Manufacturing<\/a><\/strong><strong> is on its final day<\/strong> at the Dubai World Trade Center. The event will showcase trends and solutions in global food manufacturing, with more than 2.5k companies set to attend.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.gulfhost.ae\/\" style=\"\" rel=\"noopener\">GulfHost<\/a><\/strong><strong> is also on its final day<\/strong> <strong>at the Dubai World Trade Center<\/strong>. The event will feature over 350 exhibitors showcasing innovations in hospitality and foodservice equipment, along with networking opportunities for more than 25k industry professionals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubaidesigndistrict.com\/the-community\/events\/design-next\" style=\"\" rel=\"noopener\">Design Next<\/a><\/strong><strong> exhibition is underway at the Dubai Design Di<\/strong><strong>strict <\/strong>as part of Dubai Design Week and wraps up Sunday, 10 November. The event showcases sustainable design solutions and features discussions by industry leaders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The WHO\u2019s latest <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.emtglobalmeeting2024.com\/\" style=\"\" rel=\"noopener\">Emergency Medical Teams (EMT) Global Meeting<\/a><\/strong><strong> is on its final day<\/strong><strong> at <\/strong><strong>Conrad Abu Dhabi Etihad Towers<\/strong>, marking the first time the event is hosted in the Middle East. Organized in partnership with Abu Dhabi\u2019s Department of Health, the meeting aims to advance global emergency response and rapid deployment capabilities. It will wrap this Thursday, 7 November.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><\/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>With Trump elected for another term, it\u2019s a very politics-heavy morning in the <\/strong><strong>international press.<\/strong> After the US presidential election results were called earlier than initially expected yesterday, Kamala Harris conceded the race to Donald Trump The current vice president\u2019s concession is getting ink in the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2024\/11\/06\/us\/trump-election-harris-news\" style=\"\" rel=\"noopener\">New York Times<\/a>, <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/11\/06\/kamala-harris-concedes-00188003\" style=\"\" rel=\"noopener\">Politico<\/a>, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/11\/06\/trump-live-updates-markets-and-world-leaders-react-to-americas-president-elect.html\" style=\"\" rel=\"noopener\">CNBC<\/a>, and the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/economy-election-trump-voters-c4c2e9a3?mod=hp_lead_pos7\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>, among many others. The race to form the 47th US president\u2019s cabinet is now on, with Trump vetting candidates to form his administration. The <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/39bfcfaa-210b-45f8-a625-0167abfa9d79\" style=\"\" rel=\"noopener\">Financial Times<\/a> and <a target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2024\/11\/06\/trump-vetting-candidates-white-house-jobs-00188070\" style=\"\" rel=\"noopener\">Politico<\/a> have more. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What does a second Trump administration look like?<\/strong> Critically, the Republican Party looks set to secure the Congress in addition to landing the White House and the Senate, the <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/elections\/republicans-poised-to-keep-control-of-house-after-winning-senate-34fda68e\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> notes. Meanwhile, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b446937d-6ab8-4264-b818-aa30633ca189\" style=\"\" rel=\"noopener\">Financial Times<\/a> looks at what Trump\u2019s foreign policy will look like, as <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/white-house-plans-rush-military-aid-ukraine-by-inauguration-day-politico-reports-2024-11-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> notes that the next few years is looking uncertain for some countries like Ukraine \u2014 which is unlikely to receive much support from Washington once Joe Biden\u2019s current term in office comes to a close. The <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/what-a-trump-win-means-for-the-economy-50de4670\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-06\/powell-faces-new-outlooks-on-fed-rate-cuts-after-trump-s-us-election-win\" style=\"\" rel=\"noopener\">Bloomberg<\/a>, and the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/11\/06\/business\/economy\/global-economy-us-election.html\" style=\"\" rel=\"noopener\">New York Times<\/a> also get into what the second Trump presidency will likely mean for the economy and the US Federal Reserve.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, everyone. We have a brisk issue for you this morning, led by news on LuLu\u2019s IPO, which raised AED 6.32 bn to secure the title of largest IPO of the year. Plus: A lot more updates from Adipec. WEATHER- Expect more of the same in Dubai today, with a high of 34\u00b0C and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":97634,"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":[7,463,182,614,1333,6],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-97633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam-uae","tag-federal-tax-authority","tag-international-resources-holding","tag-mining","tag-nmdc","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"75f4c4de-6a0e-4cd9-90c4-ebb6280968c8","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/2\/1893.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: NMDC eyes GCC-based acquisition before year\u2019s end + Grace period for tax updates","related_issue":[97631],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.4e7b737a-3249-461a-a045-eb455075eaa2.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>THIS MORNING: NMDC eyes GCC-based acquisition before year\u2019s end + Grace period for tax updates - 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\/11\/07\/this-morning-nmdc-eyes-gcc-based-acquisition-before-years-end-grace-period-for-tax-updates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: NMDC eyes GCC-based acquisition before year\u2019s end + Grace period for tax updates\" \/>\n<meta property=\"og:description\" content=\"Good morning, everyone. We have a brisk issue for you this morning, led by news on LuLu\u2019s IPO, which raised AED 6.32 bn to secure the title of largest IPO of the year. Plus: A lot more updates from Adipec. 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