More investments in Adnoc’s fleet, Indian IPOs, and Egypt’s North Coast

1

WHAT WE’RE TRACKING TODAY

THIS MORNING: A deeper Emirati presence in Egypt’s north coast + Khor Mor partners clash with Kurdistan gov’t

Good morning, friends. It’s business as usual for Adia and Adnoc, who continue to expand their investment strategies, even amid tension in northern Iraq and Hormuz.

Adia committed INR 500 mn to anchor yet another Indian firm’s IPO: auto component maker Dhoot Transmission. Elsewhere on the investment front, Adnoc poured USD 1.3 bn into 11 large crude carriers, and an unnamed Emirati investor has been tapped to develop a plot on Egypt’s North Coast under a USD 2.7 bn agreement, adding to the growing list of UAE-linked developments in the area.

But there’s trouble overseas: Authorities have condemned an Iranian strike on an Adnoc-affiliated vessel in the Strait of Hormuz, which the oil giant says brings the total number targeted last week to three. The statement emphasized its rejection of using the waterway as “a tool of economic coercion or blackmail.” The day before, Adnoc had also condemned what it described as “unprovoked attacks,” Reuters reports. The statements come after Adnoc had reportedly started up dark-mode transiting through Hormuz again after an empty LNG carrier owned by Adnoc L&S appeared to have crossed the strait with its AIS turned off.

Over in Iraq: Meanwhile, Dana Gas and Crescent Petroleum are pushing back on the Kurdistan government’s accusations that they breached their Khor Mor gas contracts.

Destination Sahel Issue III drops this week, and we’re diving into how the North Coast is adapting to a changing market.

Developers are recalibrating as buyer behavior shifts, luxury retail is carving out a bigger piece of Sahel’s economy, and the wellness and sports scene has become a summer destination on its own.

In this issue, we get into what’s actually changing on the ground, from how developers are adjusting their pitch to where to shop and how to stay active this season.

Tap or click here to subscribe to the Egypt edition, coming straight to your inbox on Wednesday, 12 August.

US sanctions Dubai crypto exchange over Iran links

The US Treasury sanctioned Shelbit, an unlicensed crypto platform operating out of Dubai, accusing the exchange of processing mns of USD in crypto for Iran’s Islamic Revolutionary Guard Corps (IRGC) and other state-linked entities, Reuters reports.

The details: Shelbit moved crypto funds linked to Iran’s central bank, an illegal online gambling network, and IRGC-linked addresses, according to the newswire’s investigation. The Treasury also sanctioned Shelbit’s founder, accusing him of providing material support to the IRGC and Nobitex, Iran’s already-sanctioned, largest crypto exchange.

Why it matters: The sanctions arrived shortly after Dubai's Virtual Assets Regulatory Authority (Vara) said Shelbit had violated anti-money-laundering and counter-terrorism financing rules. Vara warned that the exposure extended beyond consumer protection to cross-border transactions that could affect the integrity of the UAE’s financial system.

The aftermath: Shelbit’s website was reactivated following the investigation, after remaining offline for months. The exchange rejected the accusations, saying it had ceased operations in January.

Lulu commits AED 1.5 bn to Gujarat

LuLu Group is planning to invest AED 1.5 bn in Gujarat as UAE investments in the Indian state reach AED 11 bn, according to Al Khaleej, citing a meeting between LuLu Chairman Yusuf Ali Musaliam and Indian Home Minister Amit Shah.

ICYMI- Lulu is planning to expand India’s share of its total imports to 35% within two years, up from around 26-27% currently. The group also announced plans to invest INR 100 bn in retail, food processing, and logistics in India by this year.

Khor Mor partners clash with Kurdistan gov’t

A gas-supply agreement between Khor Mor’s field partners and Baghdad has turned into a standoff with Erbil. Dana Gas and Crescent Petroleum have rejected the Kurdistan Regional Government’s (KRG) accusation of breaching their gas contracts, according to a press release (pdf). Pearl Petroleum, the JV operating the Khor Mor field, says a new Gas Sales Agreement (GSA) to supply gas directly to Iraq's federal Electricity Ministry (MoE) needed no additional sign-off from the KRG, and that the real issue is the KRG's own arrears, more than three years overdue.

What happened: The field partners began supplying 100 mmcf / d of gas to the MoE’s Kirkuk power station last week under a one-year GSA, according to a press release (pdf). The KRG called the move unilateral and outside the contractual framework governing Khor Mor, saying it only learned of the agreement once it went public.

The pushback: Pearl said the KRG has known about the GSA since January and was kept updated throughout negotiations, arguing that the agreement fell within their exclusive gas marketing rights and that the supplies come from excess capacity, so no further KRG authorization was required.

Dubai still pulling in international talent

“Mr Brexit” is reportedly relocating to Dubai, Bloomberg reports, citing sources familiar with the matter who say that Jordan Rochester is joining US-based investment player Tudor Investment Corporation. Rochester (LinkedIn) had previously been working with Japanese banking and financial services player Mizuho as head of fixed income, currencies, and commodities strategy for EMEA, according to the newswire. He is known for predicting the decline of GDP following the UK’s exit from the EU, as well as for his research notes analyzing the impact of the departure.

IN CONTEXT- Any move would be a vote of confidence for the UAE’s financial ecosystem that has been shaken since the war, with analysts previously predicting that the conflict could lead to an outflow of expat talent.

PSA

More tax relief is coming to SMEs after the Finance Ministry extended its small business tax relief scheme — originally set to expire at the end of June 2026 — through 31 December 2029, a ministry statement said. Under the initiative, resident taxable entities generating AED 3 mn or less in annual revenue will continue to benefit from the simplified corporate tax compliance requirements throughout the period. The decision applies to all eligible tax periods commencing on or after 1 June 2023.

REMEMBER- Since the outbreak of the regional war, UAE authorities have moved to shield businesses from the fallout. Some 4.3k SMEs tapped a support line rolled out by the Central Bank of the UAE in the first months of the conflict, and Dubai South introduced rent relief and payment flexibility measures for firms. Dubai also came up with successive stimulus packages to support business activity and investor confidence.

WEATHER- Temperatures will hit 44°C in Dubai today with an overnight low of 34°C, and 45°C in Abu Dhabi before cooling to an overnight low of 35°C.

The big story abroad

Today’s front pages are led by geopolitical developments on two fronts rather than corporate news. Here are the latest regional headlines, followed by highlights in the business press:

Hormuz resolution stalls: While Oman and Iran have yet to reach an agreement on transit through Hormuz, US President Donald Trump signaled a patient approach, saying Washington can afford to wait out the conflict as the Islamic Republic faces deepening economic woes. Trump indicated that Iran’s rising inflation and dwindling funds will put pressure on Tehran at the negotiating table.

Tehran reiterated that it will not engage in direct talks with the US, with Foreign Minister Abbas Araghchi citing Washington’s violations of the interim truce reached in July. Meanwhile, Iran’s top security official, Mohammad Bagher Zolghadr, has resigned and been replaced by fellow veteran and Revolutionary Guard commander Mohsen Rezaei.

On the Hamas-Israel front: Israeli Prime Minister Benjamin Netanyahu rejected a 15-point US-backed framework to disarm Hamas, pushing back at the suggestion that the IDF withdraw from Gaza. Hamas offered only conditional approval of the roadmap, tying weapon handovers to Israeli withdrawals and Palestinian statehood.

Asia’s carmakers swoop in on US market: With the conflict with Iran keeping fuel prices elevated, Asian carmakers Toyota and Hyundai have capitalized on surging US demand for hybrid vehicles, recording y-o-y sales increases of 22% and 62% respectively in July, according to data from RBC Capital Markets. Toyota, Hyundai, and Honda account for 86% of the US hybrid market, with Ford pickups making up most of the remainder.

China shifts strategy to fund tech scene: Chinese tech companies raised around USD 217 bn via IPOs and bond sales over the past two years, less than a sixth of the amount secured by US giants like Amazon and Alphabet, according to Bloomberg data. Tapping capital markets instead of relying solely on subsidies marks a shift for Beijing, unlocking USD 25 tn in household savings and providing local firms with low-cost funding.

***

You’re reading EnterpriseAM UAE, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We’re out Monday through Friday by 7am UAE time.

EnterpriseAM UAE is available without charge thanks to the generous support of our friends at Mashreq and Hassan Allam Properties.

Were you forwarded this email? Tap or click here to get your own copy of EnterpriseAM UAE.

Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on [email protected].

DID YOU KNOW that we also cover Egypt, Saudi Arabia, and the MENA logistics industry?

***

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

Another Emirati investor gets in on Egypt’s North Coast

The Egyptian government has picked an unnamed Emirati investor to develop Jefaira, the 642-feddan North Coast plot it's been shopping around for years. The agreement is valued at some EGP 135 bn (USD 2.7 bn), four unnamed officials said, adding that the investor was selected around two months ago. The investor has already paid an EGP 100 mn (USD 2 mn) reservation fee to lock down the northwest section of the site. Final contracts are still being drafted, with officials saying signing is expected before the end of 2026.

Why it matters: This is the third UAE-linked North Coast megaproject in as many years, and it fits a pattern we mapped earlier last month — UAE capital moving away from passive, income-generating hotel assets in mature markets and toward higher-risk, higher-upside “destination” plays where it can export the master-planning and branding playbook it perfected at home. HVS's Hala Matar Choufany told us Egypt offers “lower entry costs, significant tourism potential… and the prospect to be part of shaping entirely new destinations” — exactly the wager Jefaira represents.

The mechanics: The investor would settle the land value over six years while developing a tourism and hospitality project on the Mediterranean coast. The preliminary agreement is structured under a hybrid public-private partnership (PPP) model. Instead of an outright land exit, the transaction gives the government a 20-30% annual share of future project revenues, alongside a physical, in-kind allocation of completed hotel units once the development is operational.

REMEMBER- We've heard about Jefaira before. An NIB official told EnterpriseAM in January that the state lender was close to finalizing an Emirati deal on the plot, at the time pegged at EGP 275 bn in lifetime revenue. NIB took ownership in 2023 to settle state liabilities and has said it wants to use Jefaira as a template for monetizing the rest of its property book.

IN CONTEXT- Jefaira would add another Gulf-backed development partnership to the North Coast, including Egypt’s USD 35 bn Ras El Hekma agreement and ADQ-backed developer Modon Holding taking on the master developer role. DFM-listed Emaar also already has a presence in the area, with its EGP 9 bn Palace Beach Resort Marassi.

Adia pledges USD 5.7 mn to anchor Dhoot’s IPO

The Abu Dhabi Investment Authority (Adia) is back in India’s IPO market, committing INR 500 mn (USD 5.7 mn) to anchor Dhoot Transmission’s IPO, per the company’s anchor allocation filing (pdf). Public subscription for the Indian auto component manufacturer’s USD 322 mn IPO opens today, The Times of India reports.

Anchor details: Two of Adia’s investment vehicles allotted a combined 574k shares at INR 871 apiece. Adia Stable was allocated 401.8k shares, worth INR 350 mn (USD 3.7 mn), while Adia Monsoon received 172.2k shares, valued at INR 150 mn (USD 1.6 mn). Together, the two vehicles accounted for 5.4% of the anchor book.

Other global participants took part as anchors, including BlackRock, WhiteOak, Amundi, and Allianz Global Investors. Bain Capital already backs the firm, Reuters reports.

The target: The move gives sovereign investors like Adia direct exposure to India’s expanding automotive manufacturing and component supply chain. Dhoot generated INR 45.2 bn in FY 2026 revenue, up 31.4% y-o-y, alongside INR 3.79 bn in net income.

Adia has been backing a string of IPOs in India recently, taking part (also as an anchor investor) in the USD 934 mn listing of hospital network Manipal Health Enterprises last week. It also showed up in the biggest Indian IPO so far this year, SBI Funds’ USD 1.03 bn listing.

IN CONTEXT- Adia’s ties to India go further than listings. The fund backed Kotak Alternate Asset Manager’s USD 1 bn India real estate fund, KRN Heat Exchangers’ USD 36.8 mn QIP, and Acme Solar’s USD 328 mn equity raise. It also bought into India’s RBL Bank.

Emaar and Agility post robust 1H results

Emaar’s associate gains lift 2Q numbers

Robust contributions from core operations, its international presence, and continued project execution helped lift Emaar Properties’ 2Q revenues by 18.2% y-o-y to AED 11.5 bn, the company said in its earnings release. Its bottom line was up by 11.6% y-o-y to AED 4.7 bn, according to its financials (pdf).

For 1H, net income surged 25.6% y-o-y to AED 11.1 bn, while revenue grew by 20.5% to AED 23.9 bn. Stable occupancy from income-generating assets and a strong property sales revenue backlog, which reached AED 164.9 bn at the end of 1H, also boosted results.

Income from its jointly held and associated assets surged 335% y-o-y to AED 834.3 mn, in a significant lift to group earnings beyond its directly operated businesses. Its development backlog from UAE operations was up 6% y-o-y to close out 1H with AED 135.7 bn.

By sector: The developer’s international operations saw revenues of AED 1.1 bn, up 8% y-o-y, to bring in 4.6% of total revenues for 1H. Retail and commercial leasing saw a 9% uptick in revenues to AED 3.5 bn, as inflows to the hospitality and entertainment sector fell by 50% to AED 1.6 bn on slower tourism flows.

At home, revenues from UAE development rose 30% y-o-y to AED 17.7 bn in 1H, with property sales reaching AED 22.4 bn. The UAE’s revenue backlog was AED 135.7 bn, up 5.5% y-o-y.

Agility Global posts solid 2Q

Strong growth across Agility Global’s aviation and fuel-logistics segments pushed its net income 32% y-o-y to USD 57.8 mn in 2Q 2026, according to a financial release (pdf). The firm’s revenue also rose 26% to USD 1.5 bn.

What moved the quarter: Menzies Aviation led the quarter, with revenues up 31% y-o-y to USD 908 mn on contributions from G2, new contract victories, and higher yields, while aircraft turns rose around 8% and cargo volumes increased 7%. Tristar’s revenues climbed 22% on stronger fuel-business performance, while Agility Logistics Parks posted 47% revenue growth as newly completed facilities started generating income.

Six-month check: Agility Global’s net income in 1H 2026 rose 30% y-o-y to USD 97.5 mn, alongside a 25% y-o-y rise in revenues to roughly USD 3 bn. The lifts were supported by an increase in aviation-services revenue, which climbed 33% to USD 1.8 bn, and fuel-logistics revenue, which rose 16% to USD 797.2 mn.

HSBC Private Bank appoints UAE lead + Emirates Biotech taps new COO

HSBC Private Bank tapped Feras Al Jaramani (LinkedIn) to lead its UAE operations, according to a press release. Jaramani previously served as the bank’s head of the UAE market for the Arab and Emirati segment, with this new expanded role bringing the UAE’s private banking teams under his leadership remit.

Jaramani has 25 years of experience within the financial services sector, including a tenure at Mashreq Bank as executive vice president of corporate and investment banking.

Dubai-based PLA biopolymers manufacturer Emirates Biotech appointed David Miller (LinkedIn) as chief operating officer as the firm continues to build out its operations, according to HR Today. The UAE is currently working to develop its biotech sector, including establishing a dedicated cluster to attract more R&D, drug manufacturing, and biotech commercialization.

About the new hire: Miller joins from US-based ABP Engineering, where he was vice president of operations. He brings three decades of engineering and manufacturing experience, including 18 years in biopolymer production, a key process in biotech operations.

Adnoc adds 11 vessels + Orbitworks preps for satellite work

Adnoc adds 11 more vessels under its own export chain

Adnoc Logistics & Services acquired 11 large carriers for around USD 1.3 bn — five modern very large gas carriers (VLGCs) and six very large crude carriers (VLCCs), it said in a press release.

The details: Nine vessels — six VLCCs and three VLGCs — were acquired on the secondary market and are set to enter service immediately upon their delivery in 3Q of this year. The remaining two VLGCs were acquired from a Chinese shipyard on a resale and are set to be delivered in 4Q.

The acquisition nearly doubles Adnoc’s fleet of both vessel types to 14 VLCCs and 12 VLGCs, coming right after it purchased five VLCCs and three VLGCs last week. The expansion comes as Abu Dhabi has more oil to move — and more ways to move it as it ramps up alternative export options via Fujairah.

UAE moves from space customer to satellite maker

Abu Dhabi-based Orbitworks is preparing to launch the UAE’s first homegrown commercial satellite, marking a shift from buying space capabilities to building them locally, according to CNBC. The Altair Satellite is part of a planned 10-satellite, AI-enabled Earth observation constellation, with the first launch targeted for October.

IN CONTEXT- Orbitworks is manufacturing and integrating the satellite in Abu Dhabi, with the company already securing international demand, including a multi-year agreement with France’s CNES. The UAE is pushing to localize more of its space stack, building sovereign infrastructure like the Eshara ground segment and a national Earth-observation hub.

Moody’s warns bank AI race risks “systemic dependency” on Silicon Valley

Could AI leave banks beholden to a handful of tech vendors? Banks racing to build AI into their operations risk becoming dependent on a small cluster of Silicon Valley models and cloud providers, The Guardian reports, citing a research note by Moody’s. The credit rating agency warns the trend could expose lenders to outages and pricing power wielded by profit-hungry tech firms.

The catch: Moody’s expects AI to eventually cut costs and lift revenue across banking but says that will require heavy upfront investment. However, competitive pressure, with rivals racing toward the same tools, will erode much of the payoff. The agency also flagged rising exposure to data privacy failures, cybersecurity gaps, fraud, and the risk of customers shifting large deposits between accounts at short notice as AI makes switching easier.

The concentration problem: Moody’s argues that leaning on a narrow set of foundation-model and cloud providers creates a “systemic dependency” — the report’s own term for a scenario where a single major outage could ripple across customers and entire sectors. It named OpenAI and Anthropic specifically, pointing out both are under pressure from investors to reach profitability despite ongoing losses — pressure Moody’s believes could eventually give those vendors leverage over the pricing terms of the institutions that build on their models.

Adoption is already deep. More than three-quarters of UK financial services firms use AI today, according to a UK Treasury select committee report. Adoption is highest among insurers and international banks, mostly for automating administrative work and handling core functions like claims processing and credit assessment. Lloyds Banking Group’s CEO Charlie Nunn has pressed ahead regardless, committing GBP 13 bn to an AI strategy that includes GBP 2 bn in cost cuts — acknowledging job impact. Moody’s separately put rough odds (about one in five) on AI matching the output of a capable mid-level employee by 2030.

Regional banks aren’t exactly waiting on the sidelines. Several GCC lenders have publicly disclosed their own AI push over the past year. Emirates NBD ranked first among 25 of the region’s largest banks in the inaugural Evident AI Index for Banks, Middle East and Africa (pdf). First Abu Dhabi Bank and Mashreq also ranked among the region’s top 10 most AI-mature banks, with Saudi Arabia’s Al Rajhi Bank the only other Gulf lender to crack the top 10. Abu Dhabi Commercial Bank, Qatar National Bank, National Bank of Kuwait, Banque Misr, Riyad Bank, Dubai Islamic Bank, Kuwait Finance House, Saudi National Bank, and Saudi Awwal Bank were also included in the index.

MARKETS THIS MORNING-

Shares across Asia rose in early trading this morning, alongside Wall Street after a soft US jobs report eased concerns over near-term rate increases. Japan’s Nikkei gained around 1.5%, while South Korea’s Kospi trailed behind at a 0.6% gain. The MSCI Asia Pacific ex-Japan Index rose 0.3%.

ADX	10,095	-0.3% (YTD: +1.0%)
DFM	5,945	+0.5% (YTD: -1.7%)
Nasdaq Dubai UAE20	4,890	+0.1% (YTD: +0.0%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	3.6% o/n	4.3% 1 yr
TASI	10,817	+0.1% (YTD: +3.1%)
EGX30	55,125	+0.8% (YTD: +31.8%)
S&P 500	7,758	+0.6% (YTD: +13.3%)
FTSE 100	10,901	+0.3% (YTD: +9.8%)
Euro Stoxx 50	6,524	+0.3% (YTD: +12.6%)
Brent crude	USD 84.64	+1.3%
Natural gas (Nymex)	USD 2.72	+2.3%
Gold	USD 4,403	+0.1%
BTC	USD 65,131	+0.2% (YTD: +25.7%)
Chimera JP Morgan UAE Bond UCITS ETF	AED 3.62	+0.0% (YTD: +1.0%)
S&P MENA Bond & Sukuk	150.98	+0.0% (YTD: -0.6%)
VIX (Volatility Index)	14.90	-1.7% (YTD: -0.3%)

THE CLOSING BELL-

The ADX fell 0.3% on Friday on turnover of AED 679.7 mn. The index is up 1.0% YTD.

In the green: Abu Dhabi National Takaful Co. (+13.0%), Apex Investment (+5.3%), and E7 Group Warrants (+3.0%).

In the red: Ins. House (-4.9%), Agthia Group (-2.7%), and Gulf Cement Co. (-2.4%).

Over on the DFM, the index rose 0.5% on turnover of AED 549.9 mn. Meanwhile, Nasdaq Dubai was up 0.1%.

CALENDAR

SEPTEMBER

1-3 September (Tuesday-Thursday): Middle East Energy, Dubai World Trade Center, Dubai.

7-9 September (Monday-Wednesday): AIM Congress, Dubai World Trade Center.

7-9 September (Monday-Wednesday): International Property Show, Dubai World Trade Center, Dubai.

12-13 September (Saturday-Sunday): Emirates International Congress on AI & Visionary Leadership in Transforming Healthcare, Adnec Center Abu Dhabi.

14-17 September (Monday-Thursday): Arabian Travel Market, Dubai World Trade Center, Dubai.

15-16 September (Tuesday-Wednesday): Federal Open Market Committee (FOMC) meeting.

17-19 September (Thursday-Saturday): International Real Estate & Investment Show (IREIS), Adnec, Abu Dhabi.

29-30 September (Tuesday-Wednesday): AFCM Annual Conference, Abu Dhabi.

OCTOBER

4-10 October (Sunday-Saturday): World Space Week, Abu Dhabi.

5-7 October (Monday-Wednesday): AI Everything Global, Adnec Center, Abu Dhabi.

12-14 October (Monday-Wednesday): Airport Show, Dubai World Trade Center, Dubai.

14-15 October (Wednesday-Thursday): Sharjah Investment Forum, Jawaher Reception and Convention Center, Sharjah.

13-15 October (Tuesday-Thursday): Annual Meeting of Global Future Leaders, Dubai.

20-22 October (Tuesday-Thursday): Future Health Summit, Adnec Center Abu Dhabi.

27-28 October (Tuesday-Wednesday): Arab Competition Forum, Dubai.

27-28 October (Tuesday-Wednesday): Federal Open Market Committee (FOMC) meeting.

30 October (Friday): Large businesses achieving annual revenues equal to or above AED 50 mn must appoint an accredited service provider for e-invoicing implementation.

Signposted to happen sometime in October 2026:

Abu Dhabi Space Week, Abu Dhabi.

NOVEMBER

2-6 November (Monday-Friday): Dubai Future Finance Week, Dubai.

4 November (Wednesday): Digital Transformation Summit, Sofitel, Abu Dhabi.

9-10 November (Monday-Tuesday): Annual government meetings, Abu Dhabi.

9-12 November (Monday-Thursday): EMEA Council on Hotel, Restaurant and Institutional Education Conference, Dubai College of Tourism, Dubai.

10-12 November (Tuesday-Thursday): Dubai International Electric Vehicle Exhibition & Conference, Dubai World Trade Center.

16-18 November (Monday-Wednesday): World Police Summit, Dubai World Trade Center, Dubai.

18-19 November (Wednesday-Thursday): Touchdown Middle East 2026, Conrad Abu Dhabi Etihad Towers, Abu Dhabi.

25-26 November (Saturday-Sunday): Doers Summit, Dubai Silicon Oasis, Dubai.

DECEMBER

2-4 December (Wednesday-Friday): UN Water Conference, UAE.

4-6 December (Friday-Sunday): Formula 1 Abu Dhabi Grand Prix, Abu Dhabi.

8-9 December (Tuesday-Wednesday): Capital Market Summit, Madinat Jumeirah, Dubai.

8-9 December (Tuesday-Wednesday): Federal Open Market Committee (FOMC) meeting.

7-10 December (Monday-Thursday): Abu Dhabi Finance Week, Al Maryah Island, Abu Dhabi.

8-10 December (Tuesday-Thursday): Abu Dhabi Water & Power Week, Adnec Center, Abu Dhabi.

Signposted to happen sometime in 2027:

1 January: Deadline for large businesses to implement e-invoicing;
1Q 2027: Completion of the first phase of Hassyan seawater desalination project;
1-3 February (Monday-Wednesday): World Governments Summit;
31 March: Small businesses with annual revenues of less than AED 50 mn are obliged to contract with an accredited service provider for e-invoicing implementation;
31 March: Government entities are required to appoint an accredited service provider for e-invoicing implementation;
21-22 April (Wednesday-Thursday): Token2049, Dubai;
1 July: Deadline for small businesses to implement e-invoicing;
1 October: Deadline for governments to implement e-invoicing;
Abu Dhabi’s solar and battery energy facility, combining 5.2 GW of solar capacity and 19 GWh of battery storage, is set for commissioning.

Signposted to happen sometime in 2028:

Artificial Intelligence Summit.

Signposted to happen sometime in 2029:

Sibos 2029 organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Dubai;
Annual Meetings of the World Bank Group and the International Monetary Fund, Abu Dhabi;
The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park.

Sections

About

Privacy & Support