{"id":98171,"date":"2024-11-22T00:00:00","date_gmt":"2024-11-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/this-morning-the-trump-musk-era-could-spur-more-gcc-investments-in-the-us-cop29-talks-in-stalemate-ahead-of-final-day\/"},"modified":"2024-11-22T00:00:00","modified_gmt":"2024-11-22T00:00:00","slug":"this-morning-the-trump-musk-era-could-spur-more-gcc-investments-in-the-us-cop29-talks-in-stalemate-ahead-of-final-day","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/11\/22\/this-morning-the-trump-musk-era-could-spur-more-gcc-investments-in-the-us-cop29-talks-in-stalemate-ahead-of-final-day\/","title":{"rendered":"THIS MORNING: The Trump-Musk era could spur more GCC investments in the US + COP29 talks in stalemate ahead of final day"},"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>It\u2019s the quietest day of news here at home that we\u2019ve had in weeks \u2014 if not months \u2014 but we have an important update on DIFC law and the Central Bank of the UAE\u2019s latest T-sukuk auction for you to dig your teeth into. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- We have an interesting My Morning Routine read for you this morning <\/strong>with Wisewell and Incubayt\u2019s Sami Khoreibi, where he dives into how he balances work as an entrepreneur and investor, and his ambitions to drive sustainability in the region through various avenues both in his past work and through his current roles. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Temperature will hit 32\u00b0C in <strong>Dubai<\/strong> before cooling to 24\u00b0C overnight. In <strong>Abu <\/strong><strong>Dhabi<\/strong>, the mercury peaks at 28\u00b0C, with an overnight low of 26\u00b0C. <\/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- GCC funds to deepen US investments post-Trump\u2019s election? <\/strong>With Elon Musk set to lead the US president-elect Donald Trump\u2019s new Department of Government Efficiency, the UAE and GCC countries see an opportunity to deepen investments in the US, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-21\/musk-trump-alliance-has-saudi-abu-dhabi-wealth-funds-eyeing-more-us-deals?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing unnamed sources. Musk's presence in Trump\u2019s inner circle is expected to bolster Gulf investors' confidence, particularly in critical sectors like tech and AI, which faced restrictions under Joe Biden\u2019s administration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf sovereign wealth funds have long supported Musk<\/strong>. Sheikh Tahnoon bin Zayed invested in Musk\u2019s SpaceX. Saudi Arabia\u2019s PIF invested in his AI company <a target=\"_blank\" href=\"https:\/\/x.ai\/\" style=\"\" rel=\"noopener\">xAI<\/a> (MGX was also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b411b4f0-9f8e-4012-ac8a-5a85c1a9d6c7\/this-morning:-is-mgx-eyeing-an-investment-in-elon-musk%25e2%2580%2599s-ai-startup%3F-%2B-a-new-usd-1-bn-fund-is-coming-to-abu-dhabi\" style=\"\" rel=\"noopener\">rumored to be eyeing an investment<\/a> in the startup), and Qatar\u2019s fund backed his Twitter acquisition and other ventures. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The potential investments could add to the UAE\u2019s existing USD 1 tn investments in the US<\/strong>, with both countries already having pledged to expand their collaboration in tech and AI, according to an unnamed UAE official. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump could soon visit the UAE<\/strong>, Eric Trump, the president-elect\u2019s son, <a target=\"_blank\" href=\"https:\/\/www.arabianbusiness.com\/politics-economics\/donald-trump-loves-the-uae-says-son-eric-trump\" style=\"\" rel=\"noopener\">previously said<\/a> prior to the elections. Eric is also slated to speak at the Bitcoin MENA event in Abu Dhabi this December.<\/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- As COP29 talks on climate finance face a stalemate, UAE-backed Alterra fund is <\/strong><strong>also struggling to deploy capital <\/strong>amid what CEO Majid Al Suwaidi identified as a lack of viable projects in the energy transition space in a <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-21\/uae-s-30-billion-energy-transition-fund-struggles-to-spend-cash?srnd=homepage-europe\" style=\"\" rel=\"noopener\">Bloomberg<\/a> interview. Alterra has so far committed USD 6.5 bn to seven strategies managed by BlackRock, Brookfield Asset Management, and TPG, though actual funds spent are significantly less, its CEO said, without disclosing a specific figure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The UAE-backed USD 30 bn vehicle was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/71017814-88a9-452e-870e-3bae48d2dd38\" style=\"\" rel=\"noopener\">unveiled last year<\/a> at COP28 to mobilize USD 250 bn globally by 2030 to finance the climate transition. It recently announced plans to direct an additional <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6d125e4f-fe69-45f4-a5d0-8ae1a99c6ab4\/\" style=\"\" rel=\"noopener\">USD 200 bn<\/a> to climate investments over the next six years, and said that it will increase its focus on co-investments and direct investments, capping returns in its Transformation unit to attract external investors. <\/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=\"wwtt5\"><\/a><strong> #3- Sharjah rental rates rise 30-50% amid surging demand: <\/strong>Sharjah's rental market is experiencing 30-50% increases this year, driven by economic growth, rising rents in other emirates like <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/552ee92e-9ed7-405a-a315-5f9d5e7519ec\/more-expats-flock-to%253cmark%253e-sharjah%253c%2Fmark%253e-amid-soaring-rents-in-dubai\" style=\"\" rel=\"noopener\">Dubai<\/a>, and an influx of residents from countries such as Sudan, Russia, and Ukraine, real estate experts told <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/news\/uae\/2024\/11\/21\/sharjah-rent-price-rises\/\" style=\"\" rel=\"noopener\">The National<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> In September, Sharjah's ruler, Sheikh Sultan bin Mohammed Al Qasimi, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3ecd371c-0889-46b7-96b1-b5ba89001414\/%253cmark%253esharjah%253c%2Fmark%253e-rolls-out-new-rent-law\" style=\"\" rel=\"noopener\">approved<\/a> a new rental law aimed at capping rent increases for the first three years of a lease, tightening eviction rules, and expediting leasing contract ratifications.<\/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>#4- DP World mulls investments in Cambodia:<\/strong> DP World CEO Sultan Ahmed Bin Sulayem expressed interest in investing in Cambodia\u2019s transportation, logistics, and industrial park development during a call with Cambodian Prime Minister Hun Manet yesterday, Cambodian newswire <a target=\"_blank\" href=\"https:\/\/www.khmertimeskh.com\/501595590\/major-uae-firm-expresses-interest-in-investing-in-cambodias-transportation-and-logistics-sector\/\" style=\"\" rel=\"noopener\">Khmer Times<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#5- Kuwait Petroleum Corp. (KPC) will establish a fuel-trading unit in Dubai in 1H 20<\/strong><strong>25, <\/strong>CEO Sheikh Nawaf Al-Sabah told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-21\/kuwait-to-splurge-over-30-billion-to-boost-oil-in-bet-on-demand\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The initiative is part of KPC\u2019s KWD 20 bn investment plan aimed at boosting oil production capacity and enhancing operations across its value chain, from exploration to petrochemicals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- GulfNav\u2019s Brooge takeover still in the works: <\/strong>Maritime player GulfNav confirmed that its acquisition of oil storage outfit Brooge Petroleum and Gas Investment Company from Brooge Energy is \u201cstill in progress,\u201d as the Securities and Commodities Authority is still reviewing the transaction, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/11\/2120.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. The company also said the drop in its share price to the minimum threshold temporarily during trading yesterday could not be attributed to any information or news that would justify the drop. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> GulfNav <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/da3107a0-816b-4f4f-87f2-c0bbe290f9f2\" style=\"\" rel=\"noopener\">received board approval<\/a> in September for the AED 448.5 mn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/33aa6bb9-1ce6-49c5-8d5b-b41b7854fe07\/ecb-trims-interest-rate-for-third-time-amid-cooling-inflation#:~:text=GulfNav%20inches%20closer,in%20October%202023.\" style=\"\" rel=\"noopener\">share swap<\/a> transaction, which involves a capital increase equivalent to the shares issued to Brooge. The proposal, initially submitted to the SCA in October 2023, was updated earlier this year.<\/p>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Three categories of individuals violating UAE entry and residency regulations are <\/strong><strong>excluded from the grace period extended to 31 December <\/strong>under the visa overstay amnesty program<strong>,<\/strong> <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/uae\/government\/uae-clarifies-eligibility-of-applicants-for-extended-visa-amnesty-1.104720611\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports, citing the Federal Authority for Identity, Citizenship, Customs, and Port Security. These categories include employees abandoning their jobs after 1 September, which is the start date of the amnesty program, individuals with deportation orders from the UAE or other GCC countries, and those who entered the UAE illegally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Eligible overstayers are encouraged to apply for exit permits to leave the UAE without fines if they cannot secure work by year-end<\/strong>, according to Col Abdullah Atiq, deputy assistant director of investigation affairs at the General Directorate of Residency and Foreigners Affairs in Dubai, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/news\/uae\/2024\/11\/21\/uae-visa-amnesty-seekers-urged-to-secure-exit-pass-as-authorities-brace-for-holiday-rush\/\" style=\"\" rel=\"noopener\">The National<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4ba3adec-2f7a-4308-818c-d890fc87f807\/this-morning:-fuel-prices-are-up-in-november-+-visa-overstay-amnesty-period-extended\" style=\"\" rel=\"noopener\">visa overstay amnesty program<\/a>, initially launched in September, was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4ba3adec-2f7a-4308-818c-d890fc87f807\/this-morning:-fuel-prices-are-up-in-november-+-visa-overstay-amnesty-period-extended\" style=\"\" rel=\"noopener\">extended<\/a> from 31 October to 31 December. It allows individuals to address visa violations without fines or bans preventing re-entry.<\/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- Ras Al Khaimah Ruler Sheikh Saud bin Saqr Al Qasimi is wrapping a four-day visit<\/strong><strong> to Guangdong Province, China<\/strong>,, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b69arxk-ras-khaimah-ruler-arrives-china%E2%80%99s-guangdong\" style=\"\" rel=\"noopener\">Wam<\/a> reports. During the visit, the RAK Ruler will sign a cooperation agreement with Guangdong, focusing on the digital economy, scientific and technological innovation, advanced manufacturing, smart cities, and culture and tourism. Al Qasimi will also hold business meetings. <\/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:\/\/www.xpanse.world\/\" style=\"\" rel=\"noopener\">Xpanse 2024<\/a><\/strong><strong>is on its second and final day at<\/strong><strong> the Adnec Center in Abu Dhabi<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b65q61z-xpanse-2024-showcase-future-exponential\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The event will focus on artificial intelligence, machine learning, genomics, quantum computing, neuromorphic computing, and 6G connectivity. Some 3k decision-makers, technology innovators, Nobel laureates, industry executives, CEOs, government officials, and scientists are expected to attend.<\/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>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adlmme.org\/ADLMMiddleEast24\/Public\/Enter.aspx\" style=\"\" rel=\"noopener\">ADLM Middle East Conference and Exposition<\/a><\/strong><strong> will be held on 23-24 November at th<\/strong><strong>e Conrad Abu Dhabi Etihad Towers.<\/strong> The event will showcase diagnostic products and clinical solutions, with topics covering mobile health, molecular diagnostics, and next-generation sequencing. Attendees include laboratory directors, government officials, and industry representatives from across the Middle East and Africa.<\/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>The stalemate in Baku is still getting attention as COP29 climate talks enter their final day<\/strong> with no progress on a climate finance agreement for developing countries \u2014 or an agreement for a transition away from fossil fuels \u2014 in sight. The climate conference is widely expected to overrun. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still hanging in the balance: <\/strong>Draft documents failed to include mention of fossil fuels (an issue Western countries have blamed squarely on oil-producing countries in the region, led by Saudi Arabia) or a specific figure to update the USD 100 bn owed to developing countries to help the climate transition, which was agreed a decade ago, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/be97032d-af98-4b71-baf5-f44a535e51b9\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports. Developing countries have been looking to bump the figure up to USD 1 tn, but people the FT says are familiar with the discussions say it could land at USD 200-300 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Outside of Baku, the International Criminal Court\u2019s arrest warrant for Israeli Prime Minister Benjamin Netanyahu is the single story getting the most attention. <\/strong>US President Joe Biden rejected the warrants and called them \u201coutrageous,\u201d saying the ICC does not have jurisdiction of the matter and that \u201cthere is no equivalence \u2014 none \u2014 between Israel and Hamas.\u201d Hamas leader Mohammed Deif was also issued a warrant. (<a target=\"_blank\" href=\"https:\/\/english.alarabiya.net\/News\/united-states\/2024\/11\/22\/biden-calls-icc-arrest-warrant-for-israeli-leaders-outrageous-\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/icc-issues-arrest-warrants-israels-netanyahu-gallant-hamas-leader-2024-11-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2024\/nov\/21\/why-did-icc-issue-netanyahu-arrest-warrant-and-what-are-the-implications\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/icc-israel-hamas-warrants-netanyahu-palestinian-arrest-73c854d072e0a1a41b19b2cb2cdd07fa\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-21\/icc-issues-arrest-warrant-for-israel-s-netanyahu-on-war-conduct?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also getting attention:<\/strong> US president-elect Donald Trump named a new attorney-general \u2014 former Florida attorney-general Pam Bondi \u2014 after his initial choice, Matt Gaetz, backed out. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5ad291a2-b768-42d5-a606-a6d37eb700d4\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-picks-pam-bondi-us-attorney-general-after-gaetz-withdraws-2024-11-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/policy\/trump-picks-pam-bondi-for-attorney-general-after-gaetz-withdraws-0dd53051\" style=\"\" rel=\"noopener\">WSJ<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/gaetz-trump-fbi-justice-department-248b46ba0c882dd46d661568e8bd3bd7\" style=\"\" rel=\"noopener\">AP<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- BTC hit another fresh high yesterday<\/strong>, approaching USD 100k for the first time but reaching a peak of USD 99.1k, as the cryptocurrency continues to benefit from a post-election rally. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/bitcoin-breaks-95000-first-time-optimism-over-trump-crypto-plans-2024-11-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/video\/2024\/11\/20\/bitcoin-hits-record-95000-investors-monitor-trump-transition-crypto-world.html\" style=\"\" rel=\"noopener\">CNBC<\/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=\"\/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.<span style=\"background-color: transparent;\">&nbsp;<\/span><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>Plus: Sharjah rental rates rise 30-50% amid surging demand<\/p>\n","protected":false},"author":1,"featured_media":98172,"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":[1401,7,1342,266,98,1390,1980,6],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-98171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-climate","tag-enterpriseam-uae","tag-investment","tag-oil-and-gas","tag-real-estate","tag-sharjah","tag-us-uae-ties","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"2d5725bc-9608-4d77-8452-2272de9f9858","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/11\/2133.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS 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