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1<!DOCTYPE html>
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3<html lang="en" dir="ltr">
4<head>
5  <title>ZAWYA - The Trusted Source for Business and Finance News</title>
6
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8  <meta name="viewport" content="width=device-width, initial-scale=1.0">
9  <meta name="description" content="Latest business, economic and financial markets news from the Middle East and North Africa, along with insights, research and multimedia">
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376 <a href="#" class="zawya-skip-link" onclick="event.preventDefault(); var m = document.querySelector('main'); if (m) { m.tabIndex = -1; m.focus(); m.scrollIntoView(); }">Skip to content</a>
377<header class="zawya-navigation" dir="ltr">
378<div class="zawya-main-navigation gd-frame" data-subscription="[]" data-translations="{&quot;zawyaSignIn&quot;:&quot;ZAWYA Sign In&quot;,&quot;signInDescription&quot;:&quot;Sign in to your ZAWYA account to access bookmarks and add news widgets on your personalised My ZAWYA dashboard&quot;,&quot;username&quot;:&quot;Username&quot;,&quot;enterUsername&quot;:&quot;Enter your username&quot;,&quot;password&quot;:&quot;Password&quot;,&quot;enterPassword&quot;:&quot;Enter your password&quot;,&quot;rememberMe&quot;:&quot;Remember me&quot;,&quot;forgotPassword&quot;:&quot;Forgot Password?&quot;,&quot;signIn&quot;:&quot;Sign In&quot;,&quot;close&quot;:&quot;Close&quot;,&quot;notYetMember&quot;:&quot;Not yet a member?&quot;,&quot;requestTrial&quot;:&quot;Request a trial&quot;,&quot;forgotYourPassword&quot;:&quot;Forgot your password?&quot;,&quot;resetPassword&quot;:&quot;Reset Password&quot;,&quot;emailAddress&quot;:&quot;Email Address&quot;,&quot;enterEmailAddress&quot;:&quot;Enter your email address&quot;,&quot;enterEmailForConfirmation&quot;:&quot;Enter your email address below to receive a log in confirmation code.&quot;,&quot;checkYourEmail&quot;:&quot;Check your email&quot;,&quot;emailConfirmationMessage&quot;:&quot;If the email provided is associated with an existing account, unique confirmation code will be sent to that address. The ensure the security of your account, the confirmation code will only be active for 24 hours.&quot;,&quot;confirmationCode&quot;:&quot;Confirmation code&quot;,&quot;enterConfirmationCode&quot;:&quot;Enter your Confirmation code&quot;,&quot;newPassword&quot;:&quot;New Password&quot;,&quot;enterNewPassword&quot;:&quot;Enter your New Password&quot;,&quot;confirmPassword&quot;:&quot;Confirm Password&quot;,&quot;confirmNewPassword&quot;:&quot;Confirm your new password&quot;,&quot;updatePassword&quot;:&quot;Update password&quot;,&quot;logIn&quot;:&quot;Log In&quot;,&quot;myZawya&quot;:&quot;My ZAWYA&quot;,&quot;myAccount&quot;:&quot;My Account&quot;,&quot;alerts&quot;:&quot;Alerts&quot;,&quot;bookmarks&quot;:&quot;Bookmarks&quot;,&quot;savedSearches&quot;:&quot;Saved Searches&quot;,&quot;settings&quot;:&quot;Settings&quot;,&quot;logOut&quot;:&quot;Log Out&quot;,&quot;searchPlaceholder&quot;:&quot;Find news, press releases and more&quot;,&quot;specialCoverage&quot;:&quot;Special Coverage:&quot;,&quot;signUpNow&quot;:&quot;Sign Up Now&quot;,&quot;dontHaveAccount&quot;:&quot;Don&#x27;t have an account?&quot;,&quot;account&quot;:&quot;Account&quot;,&quot;showPassword&quot;:&quot;Show password&quot;,&quot;invalidCredentials&quot;:&quot;Invalid username or password.&quot;,&quot;newsletters&quot;:&quot;Newsletters&quot;}">
379  <div class="zawya-main-navigation-top-wrapper">
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381    <div class="zawya-action-menu__popup-container">
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385      <div class="zawya-utility-bar__inner">
386        <div class="zawya-utility-bar__links">
387              
388              <a href="/en/about-zawya"  class="zawya-utility-bar__link">About ZAWYA</a>
389              <span class="zawya-utility-bar__divider">|</span>
390              <a href="/en/contact-us"  class="zawya-utility-bar__link">Contact Us</a>
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392        <div class="zawya-utility-bar__right">
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399              Sign In
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402          <div class="zawya-auth-user" id="zawya-auth-user" data-server-logged-in="false" style="display:none">
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406                <path d="M4 20c0-3.3 3.6-6 8-6s8 2.7 8 6" stroke="currentColor" stroke-width="2" stroke-linecap="round"/>
407              </svg>
408              <span class="zawya-auth-user__label" id="zawya-auth-user-name">Account</span>
409              <img src="https://assets.zawya.com/prod/assets/arrow-down-fill.d30923dc.svg" alt="dropdown-arrow" class="zawya-auth-user__arrow" width="12" height="12">
410            </div>
411            <div class="zawya-auth-user__dropdown" id="zawya-auth-user-dropdown">
412              <a href="/en/account/bookmarks" class="zawya-auth-user__dropdown-item">Bookmarks</a>
413              <a href="/en/account/saved-searches" class="zawya-auth-user__dropdown-item">Saved Searches</a>
414              <a href="/en/account/settings" class="zawya-auth-user__dropdown-item">Account Settings</a>
415              <a href="/en/account/dashboard" class="zawya-auth-user__dropdown-item">My ZAWYA</a>
416              <a href="/en/account/subscriptions" class="zawya-auth-user__dropdown-item">Newsletters</a>
417              <div class="zawya-auth-user__dropdown-item zawya-auth-user__logout" onclick="window.nexa && window.nexa.auth.logout()">Log Out</div>
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424    <div class="zawya-main-navigation-top-child-wrapper">
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426        <img src="https://assets.zawya.com/prod/assets/hamburger-menu.9173f17c.svg" alt="Open menu" class="zawya-hamburger-menu-icon" width="20" height="20">
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435        </button>
436        <input type="text" class="zawya-search-input" placeholder="Find news, press releases and more" aria-label="Search">
437      </div>
438
439      <div class="zawya-main-navigation-top-left-block">
440        <div class="zawya-main-navigation-top-left-block_logo">
441          <a class="zawya-main-navigation-top-left-block_logo-url" href="/en">
442            <picture>
443              <source srcset="https://media.zawya.com/prod/files/file/gm-9752884f-45de-480c-8211-5056b7fc1bbc-logo-zawya.svg" media="(max-width: 991px)">
444              <img src="https://media.zawya.com/prod/files/file/gm-9752884f-45de-480c-8211-5056b7fc1bbc-logo-zawya.svg" alt="ZAWYA" width="220" height="100">
445            </picture>
446          </a>
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448      </div>
449      <div class="zawya-main-navigation-right-block">
450        <div class="zawya-language-selector">
451          <div class="zawya-language-selector-button">
452            <span>English</span>
453            <img src="https://assets.zawya.com/prod/assets/arrow-down-fill.d30923dc.svg" alt="language-dropdown-arrow" width="12" height="12">
454          </div>
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456            <a href="/en" class="zawya-language-option active">English</a>
457            <a href="/ar" class="zawya-language-option ">العربية</a>
458          </div>
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460      </div>
461          
462          <div class="zawya-main-navigation-right-block mobile">
463            <a href="/en/search" class="zawya-mobile-search-icon" aria-label="Search">
464              <svg width="20" height="20" viewBox="0 0 24 24" fill="none" xmlns="http://www.w3.org/2000/svg">
465                <circle cx="11" cy="11" r="7" stroke="currentColor" stroke-width="2"/>
466                <path d="M20 20L16 16" stroke="currentColor" stroke-width="2" stroke-linecap="round"/>
467              </svg>
468            </a>
469            <div class="zawya-language-selector mobile">
470              <div class="zawya-language-selector-button">
471                <span>EN</span>
472              </div>
473              <div class="zawya-language-dropdown">
474                <a href="/en" class="zawya-language-option active">English</a>
475                <a href="/ar" class="zawya-language-option ">العربية</a>
476              </div>
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480    </div>
481  <nav id="zawya-main-nav" class="zawya-main-navigation-bottom-wrapper" aria-label="Main navigation">
482    <div class="zawya-main-navigation-bottom-inner">
483    <div class="zawya-hamburger-menu-container">
484      <img src="https://assets.zawya.com/prod/assets/hamburger-menu.9173f17c.svg" alt="Open menu" class="zawya-hamburger-menu-icon" width="20" height="20">
485    </div>
486    
487    <div class="zawya-main-navigation-menu-items-wrapper">
488 <div class="zawya-main-navigation-search-menu-item main-menu-dropdown-item  "  style="--root-taxonomy-color : #ddd" >
489  <a href="/en/capital-markets"  class="main-menu-dropdown-item-label" data-text="CAPITAL MARKETS">CAPITAL MARKETS</a>
490            <div class="zawya-main-navigation-search-menu-first-child-item-wrapper">
491                  <div class="zawya-main-navigation-search-menu-first-child-item ">
492                    <a href="/en/capital-markets/equities"  class="zawya-main-navigation-search-menu-first-child-item-label ">Equities</a>
493                  </div>
494                  <div class="zawya-main-navigation-search-menu-first-child-item ">
495                    <a href="/en/capital-markets/bonds"  class="zawya-main-navigation-search-menu-first-child-item-label ">Bonds</a>
496                  </div>
497                  <div class="zawya-main-navigation-search-menu-first-child-item ">
498                    <a href="/en/capital-markets/loans"  class="zawya-main-navigation-search-menu-first-child-item-label ">Loans</a>
499                  </div>
500            </div>
501        </div>
502 <div class="zawya-main-navigation-search-menu-item main-menu-dropdown-item  "  style="--root-taxonomy-color : #ddd" >
503  <a href="/en/business"  class="main-menu-dropdown-item-label" data-text="BUSINESS">BUSINESS</a>
504            <div class="zawya-main-navigation-search-menu-first-child-item-wrapper">
505                  <div class="zawya-main-navigation-search-menu-first-child-item ">
506                    <a href="/en/business/aviation"  class="zawya-main-navigation-search-menu-first-child-item-label ">Aviation</a>
507                  </div>
508                  <div class="zawya-main-navigation-search-menu-first-child-item ">
509                    <a href="/en/business/banking-and-insurance"  class="zawya-main-navigation-search-menu-first-child-item-label ">Banking &amp; Insurance</a>
510                  </div>
511                  <div class="zawya-main-navigation-search-menu-first-child-item ">
512                    <a href="/en/business/commodities"  class="zawya-main-navigation-search-menu-first-child-item-label ">Commodities</a>
513                  </div>
514                  <div class="zawya-main-navigation-search-menu-first-child-item ">
515                    <a href="/en/business/currencies"  class="zawya-main-navigation-search-menu-first-child-item-label ">Currencies</a>
516                  </div>
517                  <div class="zawya-main-navigation-search-menu-first-child-item ">
518                    <a href="/en/business/digital-assets"  class="zawya-main-navigation-search-menu-first-child-item-label ">Digital Assets</a>
519                  </div>
520                  <div class="zawya-main-navigation-search-menu-first-child-item ">
521                    <a href="/en/business/energy"  class="zawya-main-navigation-search-menu-first-child-item-label ">Energy</a>
522                  </div>
523                  <div class="zawya-main-navigation-search-menu-first-child-item ">
524                    <a href="/en/business/fintech"  class="zawya-main-navigation-search-menu-first-child-item-label ">Fintech</a>
525                  </div>
526                  <div class="zawya-main-navigation-search-menu-first-child-item ">
527                    <a href="/en/business/investment"  class="zawya-main-navigation-search-menu-first-child-item-label ">Investment</a>
528                  </div>
529                  <div class="zawya-main-navigation-search-menu-first-child-item ">
530                    <a href="/en/business/m-a"  class="zawya-main-navigation-search-menu-first-child-item-label ">M&amp;A</a>
531                  </div>
532                  <div class="zawya-main-navigation-search-menu-first-child-item ">
533                    <a href="/en/business/real-estate"  class="zawya-main-navigation-search-menu-first-child-item-label ">Real Estate</a>
534                  </div>
535                  <div class="zawya-main-navigation-search-menu-first-child-item ">
536                    <a href="/en/business/swf"  class="zawya-main-navigation-search-menu-first-child-item-label ">SWF</a>
537                  </div>
538                  <div class="zawya-main-navigation-search-menu-first-child-item ">
539                    <a href="/en/business/travel-and-tourism"  class="zawya-main-navigation-search-menu-first-child-item-label ">Travel and Tourism</a>
540                  </div>
541                  <div class="zawya-main-navigation-search-menu-first-child-item ">
542                    <a href="/en/business/technology-and-telecom"  class="zawya-main-navigation-search-menu-first-child-item-label ">Technology and Telecom</a>
543                  </div>
544                  <div class="zawya-main-navigation-search-menu-first-child-item ">
545                    <a href="/en/business/transport-and-logistics"  class="zawya-main-navigation-search-menu-first-child-item-label ">Transport and Logistics</a>
546                  </div>
547            </div>
548        </div>
549 <div class="zawya-main-navigation-search-menu-item main-menu-dropdown-item  "  style="--root-taxonomy-color : #ddd" >
550  <a href="/en/economy"  class="main-menu-dropdown-item-label" data-text="ECONOMY">ECONOMY</a>
551            <div class="zawya-main-navigation-search-menu-first-child-item-wrapper">
552                  <div class="zawya-main-navigation-search-menu-first-child-item ">
553                    <a href="/en/economy/global"  class="zawya-main-navigation-search-menu-first-child-item-label ">Global</a>
554                  </div>
555                  <div class="zawya-main-navigation-search-menu-first-child-item ">
556                    <a href="/en/economy/africa"  class="zawya-main-navigation-search-menu-first-child-item-label ">Africa</a>
557                  </div>
558                  <div class="zawya-main-navigation-search-menu-first-child-item ">
559                    <a href="/en/economy/north-africa"  class="zawya-main-navigation-search-menu-first-child-item-label ">North Africa</a>
560                  </div>
561                  <div class="zawya-main-navigation-search-menu-first-child-item ">
562                    <a href="/en/economy/gcc"  class="zawya-main-navigation-search-menu-first-child-item-label ">GCC</a>
563                  </div>
564                  <div class="zawya-main-navigation-search-menu-first-child-item ">
565                    <a href="/en/economy/levant"  class="zawya-main-navigation-search-menu-first-child-item-label ">Levant</a>
566                  </div>
567                  <div class="zawya-main-navigation-search-menu-first-child-item ">
568                    <a href="/en/economy/policy"  class="zawya-main-navigation-search-menu-first-child-item-label ">Policy</a>
569                  </div>
570                  <div class="zawya-main-navigation-search-menu-first-child-item ">
571                    <a href="/en/economy/islamic-economy"  class="zawya-main-navigation-search-menu-first-child-item-label ">Islamic Economy</a>
572                  </div>
573                  <div class="zawya-main-navigation-search-menu-first-child-item ">
574                    <a href="/en/economy/islamic-reports"  class="zawya-main-navigation-search-menu-first-child-item-label ">Islamic Reports</a>
575                  </div>
576            </div>
577        </div>
578 <div class="zawya-main-navigation-search-menu-item main-menu-dropdown-item  "  style="--root-taxonomy-color : #ddd" >
579  <a href="/en/projects"  class="main-menu-dropdown-item-label" data-text="PROJECTS">PROJECTS</a>
580            <div class="zawya-main-navigation-search-menu-first-child-item-wrapper">
581                  <div class="zawya-main-navigation-search-menu-first-child-item ">
582                    <a href="/en/projects/industry"  class="zawya-main-navigation-search-menu-first-child-item-label ">Industry</a>
583                  </div>
584                  <div class="zawya-main-navigation-search-menu-first-child-item ">
585                    <a href="/en/projects/construction"  class="zawya-main-navigation-search-menu-first-child-item-label ">Construction</a>
586                  </div>
587                  <div class="zawya-main-navigation-search-menu-first-child-item ">
588                    <a href="/en/projects/mining"  class="zawya-main-navigation-search-menu-first-child-item-label ">Mining</a>
589                  </div>
590                  <div class="zawya-main-navigation-search-menu-first-child-item ">
591                    <a href="/en/projects/oil-and-gas"  class="zawya-main-navigation-search-menu-first-child-item-label ">Oil &amp; Gas</a>
592                  </div>
593                  <div class="zawya-main-navigation-search-menu-first-child-item ">
594                    <a href="/en/projects/utilities"  class="zawya-main-navigation-search-menu-first-child-item-label ">Utilities</a>
595                  </div>
596            </div>
597        </div>
598 <div class="zawya-main-navigation-search-menu-item main-menu-dropdown-item  "  style="--root-taxonomy-color : #ddd" >
599  <a href="/en/multimedia"  class="main-menu-dropdown-item-label" data-text="MULTIMEDIA">MULTIMEDIA</a>
600            <div class="zawya-main-navigation-search-menu-first-child-item-wrapper">
601                  <div class="zawya-main-navigation-search-menu-first-child-item ">
602                    <a href="/en/multimedia/videos"  class="zawya-main-navigation-search-menu-first-child-item-label ">Videos</a>
603                  </div>
604                  <div class="zawya-main-navigation-search-menu-first-child-item ">
605                    <a href="/en/multimedia/podcasts"  class="zawya-main-navigation-search-menu-first-child-item-label ">Podcasts</a>
606                  </div>
607            </div>
608        </div>
609 <div class="zawya-main-navigation-search-menu-item main-menu-dropdown-item  "  style="--root-taxonomy-color : #ddd" >
610  <a href="/en/press-release"  class="main-menu-dropdown-item-label" data-text="PRESS RELEASE">PRESS RELEASE</a>
611            <div class="zawya-main-navigation-search-menu-first-child-item-wrapper">
612                  <div class="zawya-main-navigation-search-menu-first-child-item ">
613                    <a href="/en/press-release/companies-news"  class="zawya-main-navigation-search-menu-first-child-item-label ">Companies News</a>
614                  </div>
615                  <div class="zawya-main-navigation-search-menu-first-child-item ">
616                    <a href="/en/press-release/government-news"  class="zawya-main-navigation-search-menu-first-child-item-label ">Government News</a>
617                  </div>
618                  <div class="zawya-main-navigation-search-menu-first-child-item ">
619                    <a href="/en/press-release/people-in-the-news"  class="zawya-main-navigation-search-menu-first-child-item-label ">People In The News</a>
620                  </div>
621                  <div class="zawya-main-navigation-search-menu-first-child-item ">
622                    <a href="/en/press-release/research-and-studies"  class="zawya-main-navigation-search-menu-first-child-item-label ">Research &amp; Studies</a>
623                  </div>
624                  <div class="zawya-main-navigation-search-menu-first-child-item ">
625                    <a href="/en/press-release/events-and-conferences"  class="zawya-main-navigation-search-menu-first-child-item-label ">Events &amp; Conferences</a>
626                  </div>
627                  <div class="zawya-main-navigation-search-menu-first-child-item ">
628                    <a href="/en/press-release/africa-press-releases"  class="zawya-main-navigation-search-menu-first-child-item-label ">Africa Press Releases</a>
629                  </div>
630                  <div class="zawya-main-navigation-search-menu-first-child-item ">
631                    <a href="/en/press-release/asia-press-releases"  class="zawya-main-navigation-search-menu-first-child-item-label ">Asia Press Releases</a>
632                  </div>
633            </div>
634        </div>
635 <div class="zawya-main-navigation-search-menu-item main-menu-dropdown-item  "  style="--root-taxonomy-color : #ddd" >
636  <a href="/en/zawya-green"  class="main-menu-dropdown-item-label" data-text="ZAWYA GREEN">ZAWYA GREEN</a>
637        </div>
638    </div>
639    </div>
640  </nav>
641  <div class="zawya-special-coverage-bar">
642    <div class="zawya-special-coverage-bar__inner">
643      <span class="zawya-special-coverage-bar__label">Special Coverage:</span>
644      <a href="/en/special-coverage/corporate-earnings" class="zawya-special-coverage-bar__link">Corporate Earnings</a>
645      <a href="/en/special-coverage/uae-realty-market" class="zawya-special-coverage-bar__link">UAE Realty Market</a>
646      <a href="/en/special-coverage/ai-shaping-digital-future" class="zawya-special-coverage-bar__link">AI: Shaping Digital Future</a>
647      <a href="/en/special-coverage/politics-of-oil" class="zawya-special-coverage-bar__link">Politics of Oil</a>
648      <a href="/en/special-coverage/abu-dhabi-focus" class="zawya-special-coverage-bar__link">Abu Dhabi Focus</a>
649      <a href="/en/special-coverage/the-future-of-cryptos" class="zawya-special-coverage-bar__link">The Future of Crypto</a>
650    </div>
651  </div>
652  <div id="overlay__two"></div>
653<div id="main-menu" class="zawya-main-side-navigation">
654    <div class="zawya-main-side-navigation-top-wrapper">
655        <div class="zawya-main-side-navigation-top-wrapper_logo">
656          <a class="zawya-main-side-navigation-top-wrapper_logo-link" href="/en">
657            <img loading="lazy" src="https://media.zawya.com/prod/files/file/gm-9752884f-45de-480c-8211-5056b7fc1bbc-logo-zawya.svg" alt="ZAWYA" width="140" height="63">
658          </a>
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666          <a href="/en/about-zawya"  class="zawya-main-side-navigation-block ">
667              <div class="zawya-main-side-navigation-search-menu-item">About ZAWYA</div>
668            </a>
669          <a href="/en/contact-us"  class="zawya-main-side-navigation-block ">
670              <div class="zawya-main-side-navigation-search-menu-item">Contact Us</div>
671            </a>
672    </div>
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1090      <a href="/en/topic/acquisition" class="top-story__body-left-primary-keyword">ACQUISITION</a>
1091      <a href="/en/capital-markets/uae-listed-mair-group-to-acquire-70-stake-in-espressolab-owner-eslab-1188574" class="top-story__body-left-heading-a">
1092        <h2 class="top-story__body-left-heading">UAE-listed MAIR Group to acquire 70% stake in Espressolab owner Eslab</h2>
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1095            <a href="/en/capital-markets/uae-listed-mair-group-to-acquire-70-stake-in-espressolab-owner-eslab-1188574"><h2 class="top-article-headline">UAE-listed MAIR Group to acquire 70% stake in Espressolab owner Eslab</h2></a>
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1101      <p class="top-story__standfirst">Company has signed share purchase agreement with Turkish specialty coffee chain firm</p>
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1108      <a href="/en/capital-markets/uae-listed-mair-group-to-acquire-70-stake-in-espressolab-owner-eslab-1188574">
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1113    <img class="gd-picture__img gd-picture__img--responsive"
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1115         width="588"
1116         height="441"
1117         alt="UAE-listed MAIR Group to acquire 70% stake in Espressolab owner Eslab">
1118  </picture>
1119  
1120        </div>
1121      </a>
1122    </div>
1123  </div>  <div class="standard-articles article">
1124  </div>
1125  </div>
1126</div>
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112754759ijsg-jpg.webp&quot;,&quot;isPlaceholder&quot;:false,&quot;headline&quot;:&quot;Microsoft plans $10bln-plus Gulf investment with focus on resilience&quot;,&quot;standfirst&quot;:&quot;Gulf countries are pouring billions into AI as they strive to become global hubs&quot;,&quot;primaryKeyword&quot;:&quot;ARTIFICIAL INTELLIGENCE&quot;,&quot;primaryKeywordTopicPageUrl&quot;:&quot;/en/topic/artificial-intelligence&quot;,&quot;bookmark&quot;:&quot;&lt;div class=\&quot;zawya-bookmark-wrapper\&quot;&gt;\r\n      &lt;div class=\&quot;zawya-bookmark__lock\&quot; onclick=\&quot; handleLogInClick(this)\&quot;&gt;&lt;/div&gt;\r\n&lt;/div&gt;\r\n&quot;},{&quot;id&quot;:1188652,&quot;path&quot;:&quot;/en/capital-markets/kuwaits-burgan-bank-raises-161.7mln-via-rights-issue-1188652&quot;,&quot;image&quot;:&quot;https://media.zawya.com/prod/images/medium_landscape_image/be82902ea757-imgonline-com-ua-dexifjwq8dbooglr1-jpg.webp&quot;,&quot;isPlaceholder&quot;:false,&quot;headline&quot;:&quot;Kuwait’s Burgan Bank raises $161.7mln via rights issue&quot;,&quot;standfirst&quot;:&quot;Offering oversubscribed 1.34 times, reflects strong investor interest&quot;,&quot;primaryKeyword&quot;:&quot;EQUITIES&quot;,&quot;primaryKeywordTopicPageUrl&quot;:&quot;/en/topic/equities&quot;,&quot;bookmark&quot;:&quot;&lt;div class=\&quot;zawya-bookmark-wrapper\&quot;&gt;\r\n      &lt;div class=\&quot;zawya-bookmark__lock\&quot; 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1168  </div>
1169
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1172</div>
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1182s first standalone Mövenpick Residences in Dubai&quot;,&quot;primaryKeyword&quot;:&quot;REAL ESTATE&quot;,&quot;primaryKeywordUrl&quot;:&quot;/en/topic/real-estate&quot;,&quot;bookmark&quot;:&quot;&lt;div class=\&quot;zawya-bookmark-wrapper\&quot;&gt;\r\n      &lt;div class=\&quot;zawya-bookmark__lock\&quot; onclick=\&quot; handleLogInClick(this)\&quot;&gt;&lt;/div&gt;\r\n&lt;/div&gt;\r\n&quot;}],&quot;backgroundColor&quot;:&quot;#000064&quot;,&quot;contentAreaBackgroundColor&quot;:&quot;#e8e8f5&quot;,&quot;headlinePageUrl&quot;:&quot;/en/news/top-picks&quot;,&quot;buttonLabel&quot;:&quot;Read More&quot;,&quot;direction&quot;:&quot;ltr&quot;}"></div> <div class="ad-widget gd-frame ad-widget--slot-3">
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1195            <a href="/en/topic/investment" class="mrpw-article__keyword">INVESTMENT</a>
1196            <a href="/en/business/blackrock-to-divert-up-to-100bln-toward-gccs-infrastructure-wealth-fund-opportunities-1129372" class="mrpw-article__headline">BlackRock to divert up to $100bln toward GCC’s infrastructure, wealth fund opportunities</a>
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1203            <a href="/en/topic/investment" class="mrpw-article__keyword">INVESTMENT</a>
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1211            <a href="/en/topic/markets" class="mrpw-article__keyword">MARKETS</a>
1212            <a href="/en/capital-markets/saudis-cma-proposes-new-rules-to-improve-ipo-process-1129393" class="mrpw-article__headline">Saudi’s CMA proposes new rules to improve IPO process</a>
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1220            <a href="/en/business/qatars-lesha-bank-eyes-over-1bln-in-infrastructure-with-blackrock-gip-1129398" class="mrpw-article__headline">Qatar’s Lesha Bank eyes over $1bln in infrastructure with BlackRock GIP</a>
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1227            <a href="/en/topic/debt" class="mrpw-article__keyword">DEBT</a>
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1237            <a href="/en/topic/financial-services" class="mrpw-article__keyword">FINANCIAL SERVICES</a>
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1245            <a href="/en/topic/markets" class="mrpw-article__keyword">MARKETS</a>
1246            <a href="/en/multimedia/videos/video-highlights-from-zawyas-inaugural-gcc-capital-markets-forum-368657" class="mrpw-article__headline">VIDEO: Highlights from Zawya’s inaugural GCC Capital Markets Forum</a>
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1254            <a href="/en/multimedia/videos/video-gcc-central-banks-raise-interest-rates-after-us-fed-rate-increase-1000178" class="mrpw-article__headline">VIDEO: GCC central banks raise interest rates after US Fed rate increase</a>
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1262            <a href="/en/multimedia/videos/video-testimonials-from-zawyas-gcc-capital-markets-forum-1103126" class="mrpw-article__headline">VIDEO: Testimonials from Zawya’s GCC Capital Markets Forum</a>
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1269            <a href="/en/topic/football" class="mrpw-article__keyword">FOOTBALL</a>
1270            <a href="/en/multimedia/videos/video-kingdom-holding-completes-224mln-acquisition-of-70-stake-in-al-hilal-club-478315" class="mrpw-article__headline">VIDEO: Kingdom Holding completes $224mln acquisition of 70% stake in Al Hilal Club</a>
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1278          <div class="mrpw-article">
1279            <a href="/en/topic/real-estate" class="mrpw-article__keyword">REAL ESTATE</a>
1280            <a href="/en/press-release/companies-news/aji-group-launches-new-facilities-management-arm-aji-fm-in-saudi-arabia-to-drive-the-operational-efficiency-of-assets-1021729" class="mrpw-article__headline">AJi Group launches new Facilities Management arm, ‘AJi FM’ in Saudi Arabia to drive the operational efficiency of assets</a>
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1287            <a href="/en/topic/oil-and-gas" class="mrpw-article__keyword">OIL AND GAS</a>
1288            <a href="/en/capital-markets/energy/saudi-aramco-plans-reorganisation-to-create-gas-division-sources-say-1128888" class="mrpw-article__headline">Saudi Aramco plans reorganisation to create gas division, sources say</a>
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1295            <a href="/en/topic/investment" class="mrpw-article__keyword">INVESTMENT</a>
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1303            <a href="/en/topic/maritime" class="mrpw-article__keyword">MARITIME</a>
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1312            <a href="/en/press-release/people-in-the-news/visa-appoints-mario-makary-as-vice-president-and-country-manager-for-the-united-arab-emirates-1080527" class="mrpw-article__headline">Visa appoints Mario Makary as Vice President and Country Manager for the United Arab Emirates</a>
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1321 <div class="sidebar-news-wrapper" data-configuration="{&quot;heading&quot;:&quot;SPONSORED CONTENT&quot;,&quot;items&quot;:[{&quot;id&quot;:559254,&quot;path&quot;:&quot;/en/web-section/sponsored-content/tight-bond-spreads-mean-no-stone-unturned-in-the-search-for-value-559254&quot;,&quot;headline&quot;:&quot;Tight bond spreads mean no stone unturned in the search for value&quot;,&quot;image&quot;:&quot;https://media.zawya.com/prod/images/wide_medium/8e5b092b04db-gettyimages-916769562.webp&quot;,&quot;imageLarge&quot;:&quot;https://media.zawya.com/prod/images/gm_preview/8e5b092b04db-gettyimages-916769562.webp&quot;,&quot;primaryKeyword&quot;:&quot;BONDS&quot;,&quot;primaryKeywordUrl&quot;:&quot;/en/topic/bonds&quot;,&quot;isPlaceholder&quot;:false,&quot;bookmark&quot;:&quot;&lt;div class=\&quot;zawya-bookmark-wrapper\&quot;&gt;\r\n      &lt;div class=\&quot;zawya-bookmark__lock\&quot; onclick=\&quot; handleLogInClick(this)\&quot;&gt;&lt;/div&gt;\r\n&lt;/div&gt;\r\n&quot;},{&quot;id&quot;:468971,&quot;path&quot;:&quot;/en/web-section/sponsored-content/whats-pushing-long-term-bond-yields-higher-468971&quot;,&quot;headline&quot;:&quot;What’s pushing long-term bond yields higher?&quot;,&quot;primaryKeyword&quot;:&quot;BONDS&quot;,&quot;primaryKeywordUrl&quot;:&quot;/en/topic/bonds&quot;,&quot;bookmark&quot;:&quot;&lt;div class=\&quot;zawya-bookmark-wrapper\&quot;&gt;\r\n      &lt;div class=\&quot;zawya-bookmark__lock\&quot; onclick=\&quot; handleLogInClick(this)\&quot;&gt;&lt;/div&gt;\r\n&lt;/div&gt;\r\n&quot;},{&quot;id&quot;:364514,&quot;path&quot;:&quot;/en/sponsored-content/were-attending-ifx-expo-dubai-2026-as-platinum-sponsor-364514&quot;,&quot;headline&quot;:&quot;We’re attending iFX EXPO Dubai 2026 as Platinum Sponsor&quot;,&quot;primaryKeyword&quot;:&quot;United Arab Emirates&quot;,&quot;primaryKeywordUrl&quot;:&quot;/en/topic/united-arab-emirates&quot;,&quot;bookmark&quot;:&quot;&lt;div class=\&quot;zawya-bookmark-wrapper\&quot;&gt;\r\n      &lt;div class=\&quot;zawya-bookmark__lock\&quot; onclick=\&quot; handleLogInClick(this)\&quot;&gt;&lt;/div&gt;\r\n&lt;/div&gt;\r\n&quot;},{&quot;id&quot;:459406,&quot;path&quot;:&quot;/en/web-section/sponsored-content/unibank-launches-hybrid-investment-offering-combining-shares-and-13.25-perpetual-ponds-459406&quot;,&quot;headline&quot;:&quot;Unibank launches hybrid investment offering combining shares and 13.25% perpetual ponds&quot;,&quot;primaryKeyword&quot;:&quot;BONDS&quot;,&quot;primaryKeywordUrl&quot;:&quot;/en/topic/bonds&quot;,&quot;bookmark&quot;:&quot;&lt;div class=\&quot;zawya-bookmark-wrapper\&quot;&gt;\r\n      &lt;div class=\&quot;zawya-bookmark__lock\&quot; onclick=\&quot; handleLogInClick(this)\&quot;&gt;&lt;/div&gt;\r\n&lt;/div&gt;\r\n&quot;},{&quot;id&quot;:401018,&quot;path&quot;:&quot;/en/sponsored-content/mediclinic-city-hospital-marks-100-kidney-trans
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1441              autoRefresh: true
1442            });
1443            console.log('[Nexa SDK] Initialized successfully');
1444
1445            // Detect current locale from URL path (e.g. /en/... or /ar/...)
1446            var currentLocale = window.location.pathname.split('/')[1] || 'en';
1447
1448            // Session Sync Bridge: auth:login
1449            window.nexa.on('auth:login', function () {
1450              var token = window.nexa.auth.getAccessToken();
1451              if (!token) return;
1452
1453              // Detect current locale from URL path
1454              var currentLocale = window.location.pathname.split('/')[1] || 'en';
1455
1456              // Store locale on the user's Nexa profile
1457              try {
1458                window.nexa.profile.update({ locale: currentLocale });
1459              } catch (e) {
1460                console.warn('[Nexa SDK] Failed to set locale on profile:', e);
1461              }
1462
1463              var otherLocale = currentLocale === 'en' ? 'ar' : 'en';
1464              var rememberMe = localStorage.getItem('zawya_remember_me') !== 'false';
1465
1466              // Sync session for both locales so switching language doesn't log the user out
1467              Promise.all([
1468                fetch('/api/account/session-sync', {
1469                  method: 'POST',
1470                  headers: { 'Content-Type': 'application/json' },
1471                  body: JSON.stringify({ accessToken: token, locale: currentLocale, rememberMe: rememberMe })
1472                }).then(function (res) { return res.json(); }),
1473                fetch('/api/account/session-sync', {
1474                  method: 'POST',
1475                  headers: { 'Content-Type': 'application/json' },
1476                  body: JSON.stringify({ accessToken: token, locale: otherLocale, rememberMe: rememberMe })
1477                }).catch(function () { return null; })
1478              ])
1479                .then(function (results) {
1480                  var data = results[0];
1481                  if (data.redirectUrl) {
1482                    sessionStorage.setItem('zawya_just_logged_in', 'true');
1483                    var returnUrl = sessionStorage.getItem('zawya_return_url');
1484                    sessionStorage.removeItem('zawya_return_url');
1485                    window.location.href = returnUrl || data.redirectUrl;
1486                  } else {
1487                    sessionStorage.setItem('zawya_just_logged_in', 'true');
1488                    var returnUrl = sessionStorage.getItem('zawya_return_url');
1489                    sessionStorage.removeItem('zawya_return_url');
1490                    window.location.href = returnUrl || window.location.href;
1491                  }
1492                })
1493                .catch(function (err) {
1494                  console.error('[Nexa SDK] Session sync failed:', err);
1495                });
1496            });
1497
1498            // Session Sync Bridge: auth:logout
1499            window.nexa.on('auth:logout', function () {
1500              var currentLocale = window.location.pathname.split('/')[1] || 'en';
1501              var otherLocale = currentLocale === 'en' ? 'ar' : 'en';
1502              Promise.all([
1503                fetch('/api/account/session-destroy', {
1504                  method: 'POST',
1505                  headers: { 'Content-Type': 'application/json' },
1506                  body: JSON.stringify({ locale: currentLocale })
1507                }),
1508                fetch('/api/account/session-destroy', {
1509                  method: 'POST',
1510                  headers: { 'Content-Type': 'application/json' },
1511                  body: JSON.stringify({ locale: otherLocale })
1512                }).catch(function () { return null; })
1513              ])
1514                .then(function () { window.location.reload(); })
1515                .catch(function (err) {
1516                  console.error('[Nexa SDK] Session destroy failed:', err);
1517                  window.location.reload();
1518                });
1519            });
1520
1521            // Session Sync Bridge: token:expired
1522            window.nexa.on('token:expired', function () {
1523              var currentLocale = window.location.pathname.split('/')[1] || 'en';
1524              var otherLocale = currentLocale === 'en' ? 'ar' : 'en';
1525              Promise.all([
1526                fetch('/api/account/session-destroy', {
1527                  method: 'POST',
1528                  headers: { 'Content-Type': 'application/json' },
1529                  body: JSON.stringify({ locale: currentLocale })
1530                }),
1531                fetch('/api/account/session-destroy', {
1532                  method: 'POST',
1533                  headers: { 'Content-Type': 'application/json' },
1534                  body: JSON.stringify({ locale: otherLocale })
1535                }).catch(function () { return null; })
1536              ])
1537                .then(function () { window.location.reload(); })
1538                .catch(function (err) {
1539                  console.error('[Nexa SDK] Session destroy on token expiry failed:', err);
1540                  window.location.reload();
1541                });
1542            });
1543
1544            // Update nav auth UI based on login state
1545            window.updateNexaAuthUI = function () {
1546              var authButtons = document.getElementById('zawya-auth-buttons');
1547              var authUser = document.getElementById('zawya-auth-user');
1548              var userLabel = document.getElementById('zawya-auth-user-name');
1549              if (!authButtons || !authUser) return;
1550
1551              // Server's locale-aware session is the source of truth.
1552              // Nexa SDK auth state is global and doesn't understand locale-scoped sessions,
1553              // so we only use it to enrich the display (e.g. user name) when available.
1554              var serverLoggedIn = authUser.getAttribute('data-server-logged-in') !== 'false';
1555
1556              if (serverLoggedIn) {
1557                var user = window.nexa.auth.isAuthenticated() && window.nexa.auth.getCurrentUser();
1558                var displayName = (user && ((user.name || '') + (user.family_name ? ' ' + user.family_name : '')).trim()) || 'User';
1559                if (userLabel) userLabel.textContent = displayName;
1560                authButtons.style.display = 'none';
1561                authUser.style.display = 'flex';
1562              } else {
1563                authButtons.style.display = 'flex';
1564                authUser.style.display = 'none';
1565              }
1566            };
1567
1568            window.updateNexaAuthUI();
1569
1570          } catch (e) {
1571            console.error('[Nexa SDK] Init failed (attempt ' + attempt + '):', e);
1572            if (attempt < 3) setTimeout(function () { init(attempt + 1); }, 1000 * attempt);
1573          }
1574        }
1575
1576        init(1);
1577      };
1578      s.onerror = function () {
1579        console.error('[Nexa SDK] Failed to load SDK bundle from: ' + cdnUrl);
1580      };
1581      document.body.appendChild(s);
1582    })();
1583  </script>
1583
1584
1585  <!-- Welcome banner logic -->
1586  
1586<script>
1587    (function () {
1588      var JUST_LOGGED_IN_KEY = 'zawya_just_logged_in';
1589      var AUTO_DISMISS_MS = 4000;
1590
1591      if (sessionStorage.getItem(JUST_LOGGED_IN_KEY) !== 'true') return;
1592
1593      function show() {
1594        var banner = document.getElementById('welcome-banner');
1595        var message = document.getElementById('welcome-banner-message');
1596        if (!banner || !message) return;
1597
1598        var name = '';
1599        try {
1600          var user = window.nexa && window.nexa.auth && window.nexa.auth.getCurrentUser && window.nexa.auth.getCurrentUser();
1601          name = user && (user.name || user.given_name || (user.email && user.email.split('@')[0])) || '';
1602        } catch (e) {}
1603
1604        message.textContent = name ? 'Welcome ' + name + '!' : 'Welcome!';
1605        banner.style.display = 'block';
1606
1607        var timer = setTimeout(dismiss, AUTO_DISMISS_MS);
1608        var closeBtn = document.getElementById('welcome-banner-close');
1609        if (closeBtn) {
1610          closeBtn.addEventListener('click', function () {
1611            clearTimeout(timer);
1612            dismiss();
1613          });
1614        }
1615      }
1616
1617      function dismiss() {
1618        var banner = document.getElementById('welcome-banner');
1619        if (banner) banner.style.display = 'none';
1620        sessionStorage.removeItem(JUST_LOGGED_IN_KEY);
1621      }
1622
1623      // Wait for Nexa to get user name, but show regardless after timeout
1624      var attempts = 0;
1625      function check() {
1626        if (window.nexa && window.nexa.auth) {
1627          show();
1628        } else if (attempts < 50) {
1629          attempts++;
1630          setTimeout(check, 100);
1631        } else {
1632          show();
1633        }
1634      }
1635      check();
1636    })();
1637  </script>
1637
1638
1639  <!-- Header ad: becomes fixed on first scroll down, stays 5s, then fades up and nav takes over -->
1640  
1640<script>
1641    (function () {
1642      var AD_DISPLAY_MS = 3000;
1643      var AD_STABLE_MS = 500; // ad height must be stable for this long before animation activates
1644      var wrapper = document.querySelector('.header-ad-wrapper');
1645      var nav = document.querySelector('.zawya-main-navigation');
1646      if (!wrapper || !nav) return;
1647
1648      // Skip on account pages
1649      var path = window.location.pathname.toLowerCase();
1650      if (/\/(login|register|registration|account|my-zawya|forgot-password|reset-password)/.test(path)) {
1651        wrapper.style.display = 'none';
1652        return;
1653      }
1654
1655      // Wait for ad to fully load — height must be > 10 AND stable (unchanged) for AD_STABLE_MS
1656      var adH = 0;
1657      var attempts = 0;
1658      var lastHeight = 0;
1659      var stableSince = 0;
1660      var adReady = false;
1661      var check = setInterval(function () {
1662        attempts++;
1663        var currentH = wrapper.offsetHeight;
1664
1665        if (currentH > 10) {
1666          if (currentH !== lastHeight) {
1667            // Height changed — reset stability timer
1668            lastHeight = currentH;
1669            stableSince = Date.now();
1670          } else if (Date.now() - stableSince >= AD_STABLE_MS) {
1671            // Height has been stable long enough — ad is fully loaded
1672            clearInterval(check);
1673            adH = currentH;
1674            adReady = true;
1675            initAnimation();
1676          }
1677        } else {
1678          lastHeight = 0;
1679          stableSince = 0;
1680        }
1681
1682        if (attempts > 100) {
1683          clearInterval(check);
1684        }
1685      }, 100);
1686
1687      function initAnimation() {
1688        var spacer = null; // referenced by ResizeObserver to keep spacer in sync
1689
1690        // Keep tracking ad height if creative grows — also update spacer
1691        var ro = typeof ResizeObserver !== 'undefined' ? new ResizeObserver(function () {
1692          var newH = wrapper.offsetHeight;
1693          if (newH > 10) {
1694            adH = newH;
1695            if (spacer) spacer.style.height = newH + 'px';
1696          }
1697        }) : null;
1698        if (ro) ro.observe(wrapper);
1699
1700        // Nav not fixed initially — both ad and nav in flow
1701        nav.style.position = 'relative';
1702        nav.style.top = '';
1703
1704        // On first scroll down: make ad fixed, start countdown that only runs while scrolled past ad
1705        function onFirstScroll() {
1706          if (window.scrollY < 5) return;
1707          if (!adReady) return; // extra guard — don't activate if ad not ready
1708          window.removeEventListener('scroll', onFirstScroll);
1709
1710          // Add spacer to prevent content jump when ad goes fixed
1711          spacer = document.createElement('div');
1712          spacer.style.height = adH + 'px';
1713          wrapper.parentNode.insertBefore(spacer, wrapper);
1714
1715          // Ad becomes fixed at top
1716          wrapper.style.position = 'fixed';
1717          wrapper.style.top = '0';
1718          wrapper.style.left = '0';
1719          wrapper.style.right = '0';
1720          wrapper.style.zIndex = '999';
1721
1722          // Countdown that pauses when user scrolls back into ad view
1723          var elapsed = 0;
1724          var timerStart = null;
1725          var timerId = null;
1726
1727          function startTimer() {
1728            if (timerId) return;
1729            timerStart = Date.now();
1730            timerId = setTimeout(dismiss, AD_DISPLAY_MS - elapsed);
1731          }
1732
1733          function pauseTimer() {
1734            if (!timerId) return;
1735            clearTimeout(timerId);
1736            timerId = null;
1737            elapsed += Date.now() - timerStart;
1738          }
1739
1740          function onScroll() {
1741            var sY = window.scrollY || window.pageYOffset;
1742            if (sY >= adH) {
1743              // Scrolled past ad — timer should run
1744              startTimer();
1745            } else {
1746              // User scrolled back into ad area — pause timer
1747              pauseTimer();
1748            }
1749          }
1750
1751          window.addEventListener('scroll', onScroll, { passive: true });
1752          // Start immediately if already past ad
1753          if (window.scrollY >= adH) startTimer();
1754
1755          function dismiss() {
1756            window.removeEventListener('scroll', onScroll);
1757            if (ro) ro.disconnect();
1758
1759            // Slide ad up
1760            wrapper.style.transition = 'transform 0.6s ease, opacity 0.6s ease';
1761            wrapper.style.transform = 'translateY(-100%)';
1762            wrapper.style.opacity = '0';
1763
1764            // Nav becomes fixed at top
1765            nav.style.position = 'fixed';
1766            nav.style.top = '0';
1767
1768            // After animation: return ad to flow, remove spacer
1769            setTimeout(function () {
1770              wrapper.style.position = 'relative';
1771              wrapper.style.top = '';
1772              wrapper.style.left = '';
1773              wrapper.style.right = '';
1774              wrapper.style.zIndex = '';
1775              wrapper.style.transform = '';
1776              wrapper.style.transition = '';
1777              wrapper.style.opacity = '';
1778              if (spacer.parentNode) spacer.parentNode.removeChild(spacer);
1779
1780              // Scroll-linked nav top
1781              function scrollLinkedNav() {
1782                var sY = window.scrollY || window.pageYOffset;
1783                nav.style.top = sY >= adH ? '0' : (adH - sY) + 'px';
1784              }
1785              window.addEventListener('scroll', scrollLinkedNav, { passive: true });
1786              scrollLinkedNav();
1787            }, 600);
1788          }
1789        }
1790        window.addEventListener('scroll', onFirstScroll, { passive: true });
1791      }
1792    })();
1793  </script>
1793
1794
1795
1796</body>
1797
1798</html>

Line numbers count LF bytes from the start of the resource, as the search results do. Vendor segments are library code the classifier recognised; they are stored but not indexed. Bytes are shown as Latin1 characters, one per byte.