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THIS MORNING: Orascom Construction’s shareholders greenlight ADX move + Opec lifts 2026 oil demand on strong economic growth

... energy, agrifood, tech, and Islamic economy sectors, according to Dubai Media Office. The roadshow gathered over 150 local business leaders and government stakeholders. Indonesia is positioned as a hub for sharia-compliant trade and halal goods, and DMCC can use its commodities platforms and Islamic finance infrastructure to help “facilitate the flow of Halal products, Islamic fin...

Wednesday, 13 August 2025

THIS MORNING: Wall Street perks now in demand across UAE funds amid cutthroat competition + Adnoc Distribution plans KSA expansion

... 100 Companies of the Future: The Economy Ministry and the Government Development and the Future Office are now accepting applications for the 100 Companies of the Future initiative, state news agency Wam reports. Benefits for startups and SMEs chosen for the initiative include mentorship, potential funding and investment, competitive financing solutions, and AI services. UAE-based...

Monday, 11 August 2025

INVESTMENT WATCH | EnterpriseAM UAE

UAE’s National Investment Corporation to develop USD 2 bn Damascus Metro

... infrastructure and revive its economy. Saudi Arabia has also been pitching in, with USD 6.4 bn in agreements inked last month for the reconstruction of infrastructure in the country.

Friday, 8 August 2025

THIS MORNING: President Mohamed bin Zayed Al Nahyan kicks off Russia visit + Pakistan Mart is coming

... international lender cited as saying the economy could grow by 5% in 2025, before decelerating to 4% over the next two years by Khaleej Times. “We continue to observe that geopolitical risks can lead to short-term sentiment jitters, but they do not appear to influence long-term trends in markets or investment flows,” Khaleej Times quotes Manpreet Gill, chief investment officer of ...

Thursday, 7 August 2025

ECONOMY | EnterpriseAM UAE

Non-oil sector activity hits four-year low in July

... business growth in the non-oil economy, as client sentiment continued to suffer following an escalation of regional tensions in Iran and Israel in June. The deceleration was also attributed to a decrease in tourism activities and disruptions in global trade.(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)Firm...

Wednesday, 6 August 2025

THIS MORNING: Mubadala invests in LG Chem’s water treatment unit? + PMI out today

... future-focused sectors in South Korea’s economy.” The UAE reaffirmed its commitment to invest USD 30 bn in South Korean businesses through Mubadala in May. #2- Saudi Arabia’s General Authority for Competition (Gac) signed off on Al-Futtaim Group’s acquisition of a 49.95% stake in Cenomi Retail, the authority said on X yesterday. The two retail giants had inked a share purchase ...

Tuesday, 5 August 2025

PLANET FINANCE | EnterpriseAM UAE

Big Tech and big banks drive US earnings in 2Q 2025, but others aren’t faring so well

The US economy is showing signs of a growing gap, with major tech firms and big banks thriving while many other businesses are struggling with higher costs and new tariffs, the Financial Times reports. Second quarter earnings from companies like Apple, Meta, Microsoft, JP Morgan, and Goldman Sachs have exceeded expectations, reinforcing President Trump’s assertion that the American

Monday, 4 August 2025

THIS MORNING: CBUAE holds rates steady, again + ADGM proposes amendments to expand authority for tighter oversight

... (Bloomberg | Guardian)ALSO- The US economy rebounded in 2Q 2025, growing 3% after contracting in the first quarter of the year, on the back of strong consumer spending and a turnaround in the trade balance. (CNBC | Wall Street Journal | Bloomberg) #2- Microsoft and Meta are both spending big on AI, after reporting strong quarterly earnings. Microsoft, which is set to become the se...

Thursday, 31 July 2025

COFFEE WITH | EnterpriseAM UAE

Coffee With: Mostafa Gad, head of investment banking at EFG Hermes

... holding up the way it used to. The economy remains vibrant, with strong performance across key sectors including real estate, services, logistics, tourism, and real estate. All of these verticals are thriving, which may explain the divergent performance between the DFM and other regional markets.ELSEWHERE IN THE REGION-Saudi’s ECM now offers remarkable diversity, Gad said, explain...

Thursday, 31 July 2025

THIS MORNING: G42 in line for compute from Northern Data? + Dubai Land Department eyes wider rollout of tokenization program this fall

... the Dubai Land Department, the Economy and Tourism Department, and Dubai Courts — covering property registration, licensing, judicial, and administrative processes. More services are expected in future phases.#4- New working group to bring investment to Ajman: Ajman Crown Prince Ammar bin Humaid Al Nuaimi has formed a working group of stakeholders from key investment entities in A...

Wednesday, 30 July 2025

PLANET FINANCE | EnterpriseAM UAE

US trade policy grinds down global corporate investment

... image of stability, the global economy is showing deepening scars from Washington’s trade policies, with companies worldwide freezing investments and living with slimmer margins to absorb the fallout from the highest US tariff rates since the 1930s, Bloomberg reports. The economic pressure is set to intensify as another one of President Donald Trump’s tariff deadlines goes into ef...

Tuesday, 29 July 2025

DIPLOMACY | EnterpriseAM UAE

Al Marri talks investment, food security and more with officials from India’s Andhra Pradesh

More economic cooperation with India: Economy Minister Abdulla bin Touq Al Marri met with senior officials from India's Andhra Pradesh state during the Investopia Global Dialogues, state news agency Wam reports. The discussions focused on expanding bilateral cooperation in technology, food security, renewable energy, and digital infrastructure.He also met with Andhra Pradesh’s Chief M...

Monday, 28 July 2025

MY MORNING ROUTINE | EnterpriseAM UAE

My Morning Routine: Simon Sharp, senior partner at Global Ventures

... were focused on fintech, when the economy was really shifting from a cash-based one to more of a digital one. It’s one of the most well funded sectors within venture capital in the region, and probably globally as well, because you’ll always have deeper subsector-focused layers within that space, and it cuts across nearly every business. We’ve also leaned heavily into e-commerce, ...

Friday, 25 July 2025

THIS MORNING: US to ease AI exports? + No more OTPs as of today, CBUAE says

... after obtaining a permit from the Economy and Tourism Department. Non-DIFC-registered businesses can also expand to other emirates subject to local regulations. #3- Sidara might lower its bid for Wood Group as talks stretch on: UAE-based engineering and infrastructure consulting firm Sidara is reportedly mulling reducing its bid for UK engineering firm Wood Group on the back of an...

Friday, 25 July 2025

ALSO ON OUR RADAR | EnterpriseAM UAE

AD Ports opens China office

... with the world’s second-largest economy, according to a press release. The new Beijing office will coordinate commercial activity across China and the broader Asia region, and its subsidiary Noatum Logistics will also operate a new commercial branch for the Beijing-Tianjin market, the group said.Not their first rodeo in China: The new office builds on existing ties between AD Port...

Friday, 25 July 2025

PLANET FINANCE | EnterpriseAM UAE

Waning trust in US Treasuries drives record demand for EM bonds

... posing big risks if the global economy slows or if US inflation rises, JP Morgan’s head of EM fixed-income strategy Jonny Goulden told the FT.ALSO FROM PLANET FINANCE-Asset managers are launching active ETFs at a record pace, to capitalize on growing investor interest in products that aim to outperform traditional passive index trackers. During 1H 2025 alone, 476 active ETFs debut...

Thursday, 24 July 2025

MOVES | EnterpriseAM UAE

Rak Tourism Development Authority CEO to step down this year

... president for premium, midscale and economy division in the Middle East, Africa and Turkey. It’s not yet clear who will take his place. Phillips helped develop the authority’s international tourism strategy during his tenure, while developing hospitality and leisure infrastructure that transformed the lesser-known emirate to an investment destination. One of his biggest achievemen...

Thursday, 24 July 2025

THIS MORNING: Abu Dhabi’s minority stake in Telegraph gets greenlight from UK lawmakers + Dubai’s one freezone passport goes live

... after obtaining a permit from the Economy and Tourism Department. Businesses can also expand to other emirates subject to local regulations, though DIFC-registered financial institutions are excluded. #3- More expansions at Mina Al Hamriya are underway: Dubai Ruler Mohammed bin Rashid Al Maktoum has greenlit a project that aims to expand Dubai’s Mina Al Hamriya port in a bid to ho...

Wednesday, 23 July 2025

ALSO ON OUR RADAR | EnterpriseAM UAE

Mubadala, Edge eye cooperation with Hungary’s 4iG Group

... cooperation program that would allow the Economy and Tourism Ministry to recognize positive patent test results from the US Patent and Trademark Office, Wam reports. The initiative aims to speed up corresponding patent approvals in the UAE, particularly for industrial property rights.REAL ESTATE-#1- Mubadala kicks off waterfront Abu Dhabi build: Mubadala Investment Company started...

Monday, 21 July 2025

ALSO ON OUR RADAR | EnterpriseAM UAE

Barakah nuclear plant to get fuel assemblies from Framatome

... the Dubai Land Department, the Economy and Tourism Department, the Identity and Foreigners Affairs General Directorate, and Dubai Courts — covering property registration, licensing, legal, and administrative processes. More services are expected to be added in future phases.

Friday, 18 July 2025

DIPLOMACY | EnterpriseAM UAE

UAE president eyes tech, trade, renewables cooperation during Eastern European tour

... potential cooperation in investment, economy, trade, technology, food security, renewable energy, Wam reported separately.

Friday, 18 July 2025

PLANET FINANCE | EnterpriseAM UAE

Trump’s tariffs start to bite, driving US inflation up in June

... chains to the US, head of global economy at Chatham House Creon Butler said.US coffers are swelling in the meanwhile: Customs revenues soared to a record USD 64 bn in 2Q 2025, funneling an additional USD 47 bn into the US treasury compared to the same period last year.MARKETS THIS MORNING-Asian markets are mostly in the red this morning, led by Japan’s Nikkei inching down 0.3% aft...

Thursday, 17 July 2025

DEBT WATCH | EnterpriseAM UAE

DIB joins USD 1.85 bn syndicated loan for PIF-backed Olam Agri

... instrument for financing the real economy,” said Ali Ahmad Said, DIB’s chief of investment banking.About Olam: Olam Agri is majority-owned by the Saudi Agricultural and Livestock Investment Company, a vehicle owned by Saudi Arabia’s Public Investment fund, with Singapore’s Olam Group retaining a minority stake. The company operates across grains, edible oils, rice, animal protein,...

Thursday, 17 July 2025

DIPLOMACY | EnterpriseAM UAE

More cooperation on industrials and tourism with Turkey and Tajikistan

... sectors, following a meeting between Economy Minister Abdulla Bin Touq Al Marri and Tajikistan's Economic Development and Trade Minister Zavqi Zavqizoda, according to a statement from the Tajik ministry. The two nations have already doubled their trade volume in 1H 2025 compared to the same period last year and are actively seeking to strengthen trade ties in the coming years. The...

Thursday, 17 July 2025

PLANET FINANCE | EnterpriseAM UAE

Wealth funds and central banks are shifting gears to navigate an unpredictable world

... investors wait for insights on China’s economy. Hong Kong’s Hang Seng is up 0.8%, while Shanghai Composite is down 0.5%. Wall Street investors are also waiting for big banks’ earnings and inflation data, keeping futures virtually unchanged.ADX10,063-0.0% (YTD: +6.8%)DFM5,857+0.0% (YTD: +13.5%)Nasdaq Dubai UAE204,830+0.2% (YTD: +16.0%)USD : AED CBUAEBuy 3.67Sell 3.67EIBOR4.3% o/n4....

Tuesday, 15 July 2025