Adnoc Distribution eyes USD 1 bn Egypt retail expansion

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Mubadala eyes investment in Italian gas turbine maker + a settlement to the Paramount antitrust lawsuit could be on the way

Good morning, everyone. We’re shifting our focus today to Egypt, where Adnoc Distribution could be making another sizable retail business play soon, studying a roughly USD 1 bn investment to nearly triple its Egyptian retail footprint, in the latest leg of its downstream expansion. It’s also eyeing a separate USD 50 mn push into aircraft refueling at two Egyptian airports.

We’re also keeping an eye on the UAE’s ongoing efforts to hedge its logistics network amid ongoing Hormuz disruptions, with Etihad Rail Freight and AD Ports launching a direct rail service between Abu Dhabi and Fujairah, and ongoing talks with India’s state-run Engineers India for consultancy and engineering mandates for alternative oil infrastructure.

Meanwhile, there’s more collaboration between Abu Dhabi and Seoul, this time across AI, gaming, and digital finance, as the two countries build on an existing pipeline of USD 65 bn worth of agreements from earlier in the year.

The EnterpriseAM Egypt Forum is less than a month away — and here's some of what’s shaping up on the agenda:

Where AI fits on the list of topics keeping CEOs awake at night
What AI means for your company, your team, your job, and your family
What's the AI opportunity for Egypt
Building the AI infrastructure

And more panels to come.

Join us on 5 October in Cairo. Attendance is by invitation only, and seats are filling up quickly.

Request your invitation here.

London’s loss, Dubai’s gain

The exodus of UK-based wealth flocking to our neck of the woods is showing no signs of slowing down yet. Investment firm Hasma Capital Advisors, which manages a USD multi-bn portfolio for Saudi’s Juffali family office, is moving most of its staff from London to Dubai, Bloomberg reports, citing people familiar with the matter. It established a Dubai legal entity in 2025 — with CEO Mamoun Askari now listed as a UAE resident, while finance head Adrian Clear relocated to Dubai in August. The London office could be closed by mid-next year, the sources said.

No cold feet: Dubai’s appeal to family offices is holding even despite heightened regional geopolitical uncertainty. Hasma employees had sought relocation to Dubai last year, with the plans reportedly continuing even after the outbreak of the war. We have more on Dubai’s — and other regional financial centers’ — resilience in the aftermath of the conflict in this morning’s Planet Finance, below.

IN CONTEXT- The relocation comes as London’s private wealth sector is facing higher taxes, which has led to an exodus of HNWIs. The UAE has been cited as one of the places likely to capture a large portion of the outflow.

UAE, KSA already shopping for contractors for Hormuz workaround

The UAE and KSA could lean on India’s EIL for consultancy work for Hormuz workarounds: State-run Engineers India Ltd (EIL) is in early-stage talks with Saudi Arabia and the UAE for consultancy and engineering mandates as the two countries look to cut their reliance on the Strait of Hormuz. The Gulf producers are planning about USD 1 bn in pipelines, storage facilities, and export terminals to build out alternative routes for crude and petroleum products — and EIL wants a piece of the design and feasibility work that comes with it, The Hindu reports, citing chairman and managing director Atul Gupta.

Fujairah has already become the UAE’s primary oil export route, accounting for around 66% of the UAE’s total exports. Emirati players are also looking to build out their east coast presence as the UAE aims for zero reliance on the Strait of Hormuz amid the current disruption. DP World is building a new multipurpose port and two new terminals along Fujairah’s coastline, and Adnoc is accelerating construction of its West-East pipeline.

Where we’re at: The UAE is planning additional underground oil storage facilities at Fujairah, potentially opening work across engineering design, feasibility studies, project management, and construction management, Gupta says.

Paramount edges closer to settling its Warner Bros. legal fight

Paramount is working on reaching a settlement for the US antitrust lawsuit threatening its USD 110 bn Warner Bros. Discovery takeover, sources told Reuters. As it stands, California and 11 other states are seeking to block the merger over competition concerns, putting an agreement backed by nearly USD 24 bn in commitments from Abu Dhabi’s L’imad, Saudi Arabia’s Public Investment Fund, and the Qatar Investment Authority in limbo. The Gulf funds are set to hold minority, non-voting stakes in the combined company.

What could get the agreement over the line? The parties are discussing independent monitoring of CNN’s content and commitments on theatrical releases. Paramount has pledged to release 30 films annually, but one California attorney said structural remedies, such as asset sales, are preferable to promises about future conduct. Settlement talks also reportedly include the possibility of imposing a USD 30 mn fee on the company per film short of its pledge, Bloomberg reports, citing two sources familiar with the negotiations.

The clock is getting expensive: Paramount faces USD 7 mn in daily delay payments after 30 September. We reported in July that the lawsuit had pushed the takeover’s closing deadline to June 2027. The UK has since cleared the takeover after receiving assurances, but a settlement with the US states would not automatically resolve a separate challenge brought by the Writers Guild of America.

Mubadala looks beyond the chips

Mubadala is leading talks to invest in Italian gas turbine maker Ansaldo Energia, as AI-driven electricity demand boosts interest in power-generation equipment, Bloomberg reports, citing Italian newspaper Corriere della Sera. The Abu Dhabi sovereign wealth fund is the frontrunner among several Gulf investors in discussions with CDP Equity, which owns 99.6% of Ansaldo and would retain majority control. The potential investment’s size and structure remain undecided.

Ansaldo isn’t new to Abu Dhabi: The company has operated a turbine-blade repair facility in the emirate for around 30 years, employing 250 people. Its orders reached EUR 2.3 bn (USD 2.6 bn) last year.

The bigger picture: The potential investment fits the UAE’s USD 40 bn investment push in Italy and a broader wager on the power behind AI, as rising electricity demand pushes gas turbine backlogs to as much as seven years. Khazna has teamed up with Eni on a 500 MW Italian AI campus powered by a gas turbine plant, while Adia has already backed German gas-engine maker Innio through its USD 2.4 bn IPO.

Accor checks into Dubai Pearl

Global hospitality group Accor is closing in on a transaction at the long-delayed Dubai Pearl hotel, CEO of Accor’s economy, midscale, and luxury brands across the Middle East, Africa, and Asia Pacific Duncan O’Rourke told AGBI. An agreement could be finalized as soon as year-end, in a sign of renewed momentum at the site, the land for which is owned by Dubai Holding.

The timeline so far: Development of the Dubai Pearl dates back to 2002 and several different firms have taken the reins of the project since then. Around AED 2.5 bn of accumulated losses are estimated to be currently attached to the project.

Dubai’s hotel market is set for a rebound in 4Q this year, and that’s likely to come with a heavy wave of luxury supply, after the segment struggled during the tourism slowdown earlier this year. Dubai has rolled out AED 2.5 bn in support over the past months to help the hospitality sector and boost demand from customers.

SIB eyes a sukuk encore

Sharjah Islamic Bank (SIB) is lining up a potential benchmark-sized USD sukuk as UAE lenders return to international debt markets, Zawya reports. The ADX-listed lender has scheduled investor meetings ahead of a possible Regulation S offering, subject to market conditions. The exact size, pricing, and tenor have yet to be announced, though a benchmark-sized issuance usually indicates a value of at least USD 500 mn.

On the issuance: SIB has appointed our friends at Mashreq Bank, Ajman Bank, Al Rayan Bank, Arqaam Capital, Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Kuwait International Bank, QNB Capital, Standard Chartered, and Warba Bank as joint lead managers and bookrunners.

The last outing set a high bar: SIB’s November 2025 sukuk raised USD 500 mn after drawing more than USD 1.35 bn in orders. The five-year paper priced at a 4.60% yield, or 95 bps over US Treasuries.

REMEMBER- The debt window is open but investors are pickier: FAB and Mashreq both priced USD 500 mn bonds last week, while DP World issued a dual-tranche offering, with spreads tightening by 25 bps and 30 bps from initial guidance. Order books have nevertheless been thinner than in previous rounds amid regional uncertainty, putting investor appetite and pricing in focus for SIB’s potential sale.

PSA

WEATHER- Temperatures today will be staying high at 42°C in Dubai with an overnight low of 31°C, and 42°C in Abu Dhabi before cooling to an overnight low of 29°C, according to our favorite weather app.

The big story abroad

Major US banks project that the federal government will issue as much as USD 1 tn in short-term Treasury bills in the coming year, amid efforts by Treasury Secretary Scott Bessent to limit surges in long-term rates. This reliance on short-dated debt may expose Washington to increased financial risk if interest rates continue to climb, with borrowing costs reaching their highest level since 2007.

On the geopolitical front: The Trump administration is seeking to slap the International Criminal Court (ICC) with sweeping sanctions, aiming to prohibit most transactions with the institution after a grace period of six to seven months. Washington’s retaliatory action against the ICC — prompted by its arrest warrant for Israeli Prime Minister Benjamin Netanyahu — could be finalized during or shortly after this week’s UN General Assembly.

Takeover of Aussie developer falls short: Sydney-based property group Ingenia has turned down a USD 1.5 bn takeover bid by private equity giant Warburg Pincus on account of the proposal undervaluing the firm. The sweetened bid — at AUD 5.05 per share — followed an earlier proposal that valued the firm at AUD 4.75 per share.

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Adnoc eyes USD 1 bn investment to boost retail play in Egypt

Adnoc Distribution is looking to double down on its Egypt play, weighing up a much larger retail buildout. It’s currently studying a roughly USD 1 bn investment to add roughly 400 service stations to its 245 currently in Egypt, Asharq Business reports, citing an unnamed government official. Any move would likely be split across two phases of around 200 stations each, with automotive and engine lubricants also part of the plan.

IN CONTEXT- Any such investment would come amid a wider push for its downstream asset portfolio. Adnoc Distribution signed an agreement in July worth an implied USD 1 bn to take over Shell South Africa's downstream business — a transaction still awaiting close in 2027 — marking its expansion into a fourth retail market and increasing its global network by 55% to nearly 1.6k service stations. Adnoc’s expansion in Egypt would likely make it the largest private fuel retail presence in the country.

Possible partnerships? Adnoc is considering a partnership with the Egyptian General Petroleum Corporation (EGPC) for the move, while also weighing other strategies such as building sites independently for the first time or operating through a leasing model.

There’s also a USD 50 mn aviation angle: Adnoc’s distribution arm is also preparing to begin aircraft refueling at Sphinx Airport in October and at Hurghada by year-end as part of a USD 50 mn push under an agreement with the EGPC over infrastructure that's state-owned at both sites, sources said.

Sound familiar? The company was discussing an entry into aircraft refueling with the Oil Ministry in early 2024, and a year later was looking to expand beyond Cairo and Marsa Alam airports, including into Alamein, Adnoc Distribution CEO Bader Al Lamki previously told EnterpriseAM.

Why it matters: Egypt already accounts for around 36% of Adnoc Distribution's aviation-fuel sales volumes group-wide, 129 mn liters of 357 mn liters in 1H 2026, according to the company's financial release (pdf), though that 3.9% y-o-y growth trailed the group's 53.9% increase over the same period. The same unnamed official told Asharq Business that aviation already generates more than 60% of Adnoc Distribution's Egypt-based EBITDA.

This time, Adnoc is building instead of buying: It assembled most of its current footprint through its 2023 acquisition of a 50% stake in TotalEnergies Marketing Egypt. Adnoc began local motor-oil manufacturing in late 2024, then laid out plans with TotalEnergies in May 2025 for marine motor-oil production capacity of around 90k tons a year.

Abu Dhabi and Seoul get down to business on AI and finance

Abu Dhabi’s investment push in South Korea has yielded agreements spanning AI, gaming, and digital finance, with the Abu Dhabi Investment Office (Adio), ADGM, and Presight among the dealmakers, according to an Abu Dhabi Media Office statement. The agreements came during a delegation visit involving 88 public- and private-sector entities.

Three plays on the finance front:

Connecting the two markets: Adio partnered with Korean insurer Hanwha Life — which teamed up with Shorooq in 2024 — to explore digital finance, capital-market connectivity, and tokenized assets. Separately, ADGM, Hanwha Asset Management, and Hana Financial Group will look at stablecoins and cross-border payments, including remittances between Abu Dhabi and Korea and digital-asset infrastructure;
Bringing in Korean investors: Adio signed with venture firm Hashed to connect Korean companies and financial institutions with investment opportunities in Abu Dhabi;
Moving from MoUs to money: Further Asset Management is investing in Korean blockchain firm Four Pillars to develop digital-asset infrastructure for institutional investors, though the investment size was not disclosed.

AI and gaming are getting their own agreements: Presight signed an MoU with Korean startup accelerator Gyeonggido Business & Science Accelerator to support startup investment flow and cross-border expansion, and with AI infrastructure firm Dtonic to explore smart-city applications and AI-driven data infrastructure. Adio also signed with Korean game developer Kakao Games to explore using Abu Dhabi as a base for regional and international expansion, including publishing, localization, and live operations.

BACKGROUND- The UAE-Korea CEPA came into force in May, cutting trade barriers across key sectors. Earlier in the year, a UAE delegation had also visited Seoul for talks on AI infrastructure, data centers, and semiconductors, while the most recent one included representatives from Adio, Hub71, and Emirates Global Aluminium and also included AI as a key window for collaboration.

IN CONTEXT- The two countries are already sitting on a USD 65 bn pipeline agreed upon following a delegation in February, with a key outcome being a USD 35 bn defense MoU.

Sawiris' tender offer is the last hurdle before OCI can merge into ADX-listed Orascom's new Abu Dhabi platform

Nassef Sawiris' take-private of OCI Global is now the gate the Orascom merger has to clear. NNS Holding, his family office, opened its EUR 4.10-a-share cash offer for all of OCI's shares last week, after Dutch regulator AFM approved the offer memorandum, according to a statement (pdf). The offer gives OCI's minority shareholders a clean cash exit instead of being folded into Orascom Construction, whose ADX- and EGX-listed shareholders already approved the merger back in January.

The plan: OCI's court-appointed independent directors will let shareholders vote on the merger at an EGM on 30 October — but the merger can't close until that cash offer is fully paid out. The tender closes 17 November; on NNS's timetable, settlement lands around 27 November, a month shy of the 30 December long-stop. NNS can extend the tender once, by up to ten weeks. The EGM will also vote on a separate sale of OCI's Nitrogen business.

The float has been shrinking: NNS bought OCI stock through July (pdf) and August (pdf) below its own offer price, lifting its stake to 57.32%, or 57.50% with Sawiris’ personal holding, from 49.21% in mid-April. NNS said the purchase gave sellers an exit without paying above EUR 4.10. Add in the 9.07% family block already locked up and some 66.6% is spoken for before a share is tendered, leaving about a third of the company, worth c. EUR 290 mn at the offer price, still in play by our math.

REFRESHER- The deal would fold OCI into ADX- and EGX-listed Orascom Construction, transforming it into an Abu Dhabi-anchored infrastructure and investment platform. Orascom's own shareholders signed off on the 0.4634 exchange ratio back in January. OCI's shareholders never got that chance: weeks later, the Enterprise Chamber froze their vote, citing Sawiris' conflict of interest on both sides of the transaction, and installed two independent directors with veto power over the OCI side. Value8 asked the same court this month to block it outright.

Etihad Rail Freight + AD Ports set up Abu Dhabi-Fujairah service

Etihad Rail Freight and AD Ports Group are launching a direct rail service linking Fujairah Terminals to the Industrial City of Abu Dhabi (ICAD), according to a statement. The service will carry inbound containers across the UAE’s national rail network to an inland terminal at ICAD. And for the first time, shipping lines and freight forwarders can book cargo directly to ICAD as a final destination, after the site was assigned its own UN LOCODE — moving customs inspection, clearance, and release closer to businesses’ warehouses and factories. Freight capacity wasn’t disclosed.

BACKGROUND- ICAD’s freight terminal has been physically linked to the national rail network since 2022. What’s new here isn’t the connection — it’s that ICAD can now be booked and cleared as a cargo destination in its own right rather than just a stop along the way.

Why it matters: A port outside the Strait of Hormuz only helps if cargo can move efficiently beyond its gates — a constraint we’ve flagged in previous reporting looking at rail as a fallback against a Hormuz closure and why Gulf rail wasn’t ready. Alternative gateways need onward connections to work as effective fallbacks, and the inland connection with ports was the limiting factor. It also fits a broader pattern: Etihad Rail and AD Ports Group agreed on a separate framework in October 2025 to speed customs clearance on the same Fujairah-Khalifa Port corridor — suggesting inland customs integration is becoming a standing feature of the network rather than a one-off.

It’s an improvement regardless of whether the strait opens or stays disrupted. Combining rail transport with inland clearance should reduce handling, shorten final delivery distances, and cut reliance on trucking. “A corridor with the right distances and volumes, where the economics worked on their own terms rather than only under emergency conditions, can retain real and durable business as a secondary route,” former strategy director at Etihad Rail and Dubai-based transport, logistics, and infrastructure expert Urs Mosimann previously told EnterpriseAM.

Riyadh, Dubai, and Abu Dhabi gain ground in Global Financial Centers Index despite regional conflict

Gulf financial hubs hold the line: The latest Global Financial Centers Index (GFCI) — compiled largely after the regional conflict began — found Riyadh, Dubai, and Abu Dhabi all posting real gains, not just steady ranks. Riyadh jumped 15 places to 46th globally, Abu Dhabi rose eight places to 13th, and Dubai held onto a top-10 spot at ninth despite slipping two places, according to the index (pdf).

Why it matters: These are among the first hard numbers on how the Gulf's financial reputation has held up since the conflict began — and by that measure, all three centers came through with real momentum. Riyadh’s 15-place jump ties for the fifth-largest rank gain of any center in the 117-center index, behind only Copenhagen, Ho Chi Minh City, Oslo, and Mexico City. The Saudi capital’s 25-point rating increase also outpaces gains in Abu Dhabi (+18) and Dubai (+8) — though all three moved in the same direction.

Regionally, the order held: Dubai first, Abu Dhabi second, Casablanca third (up 11 places, to 38th), and Riyadh fourth. Doha was the region’s outlier, slipping four spots to 52nd. Overall, the Middle East and Africa region saw its rankings improve 0.82%, just outpacing the global average of 0.8%.

Behind Riyadh’s rise: Saudi opened up its main market to foreign investors at the start of February — a move analysts expect to boost long-term liquidity and the kingdom’s appeal. More than 750 companies have also joined its Regional Headquarters Program, blowing past its 500-company target years ahead of the 2030 deadline. Deutsche Bank registered in July, followed by BNP Paribas in August, joining JPMorgan, Goldman Sachs, and Morgan Stanley among banks that have already secured the license.

Dubai’s slip owes more to others’ gains than to any weakness at home. Saxo Bank’s head of trading for the Middle East and North Africa Hamza Dweik backs this up, telling Arab News that “the region is becoming more complementary than competitive.” A key part of Dubai’s draw — a well-connected, international financial gateway — hasn’t gone anywhere, Dweik says.

Dubai still ranks first globally for fintech and second for professional services, and DIFC closed 1H 2026 with 10k active firms, up 30% y-o-y. Century Financial’s Vijay Valecha told Arab News that hedge funds and family offices moving into Dubai are making “multi-year decisions, not one-off sentiment” — and that “the underlying flows that lifted the score are likely to keep compounding.”

REMEMBER- That tracks with what we’ve followed here all year. Abu Dhabi’s ADGM has pulled in the likes of Man Group, Capital Group, Rokos Capital Management, Bain Capital, and Hillhouse Investment since the conflict began, while Citadel confirmed a move to Dubai’s DIFC around the same time.

GO DEEPER- The index draws a useful distinction between the two: it classifies Dubai as a “Global Leader” — broad, deep, and well-connected — while Riyadh is a “Global Specialist,” still building out breadth. Abdalla Elsayed of City St George’s, University of London, told the regional news outlet the real test isn’t the office openings so far but whether firms start making investment decisions from Riyadh rather than just registering there.

Future prospects look strong too: Dubai ranked first among centers likely to grow in significance over the next two to three years, with Abu Dhabi fourth and Riyadh sixth.

MARKETS THIS MORNING-

Asian markets opened higher earlier today, with South Korea’s Kospi up about 1% while MSCI’s Asia Pacific equities gauge gained 0.2%. Japanese markets are closed for a public holiday. The gains coincided with advancements by US equity index futures as traders anticipate this week’s US-China summit for signs of trade progress.

ADX	10,272	+1.1% (YTD: +2.8%)
DFM	5,957	-0.5% (YTD: -1.5%)
Nasdaq Dubai UAE20	4,909	-1.4% (YTD: +0.4%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	3.7% o/n	4.9% 1 yr
TASI	10,750	-0.3% (YTD: +2.5%)
EGX30	55,371	-0.2% (YTD: +32.4%)
S&P 500	7,651	+0.2% (YTD: +11.8%)
FTSE 100	10,659	-1.5% (YTD: +7.3%)
Euro Stoxx 50	6,236	-1.4% (YTD: +7.6%)
Brent crude	USD 104.77	+0.9%
Natural gas (Nymex)	USD 2.91	+0.4%
Gold	USD 4,425	+0.6%
BTC	USD 81,268	+0.0% (YTD: -7.3%)
Lunate JP Morgan UAE Bond UCITS ETF	AED 3.58	+0.0% (YTD: -0.2%)
S&P MENA Bond & Sukuk	149.04	-0.1% (YTD: -1.9%)
VIX (Volatility Index)	14.81	-4.1% (YTD: -0.9%)

THE CLOSING BELL-

The ADX rose 1.1% on Friday on turnover of AED 1.8 bn. The index is up 2.8% YTD.

In the green: International Holding Company (+4.8%), Pure Health Holding (+4.7%), and Fujairah Cement Industries(+3.9%).

In the red: Oman & Emirates Investment Holding Co (-4.9%), Sudatel Telecommunications Group Company (-4.0%), and Ins. House (-3.9%).

Over on the DFM, the index fell 0.5% on turnover of AED 1.9 bn. Meanwhile, Nasdaq Dubai was down 1.4%.

CALENDAR

SEPTEMBER

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

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

18-19 September (Friday-Saturday): EuroLeague Basketball SuperCup, Etihad Arena, Yas Island, Abu Dhabi.

22-23 September (Tuesday-Wednesday): ACT Middle East Treasury Summit, Grand Hyatt, Dubai.

28-29 September (Monday-Tuesday): Al Ain Future Business Forum, Adnec, Al Ain, Abu Dhabi.

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

OCTOBER

1-2 October (Thursday-Friday): MEIRA Annual Conference, Atlantis the Royal, Dubai.

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.

21 October (Wednesday): Reuters NEXT Gulf, St. Regis Saadiyat Island Resort, 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.

9-13 November (Monday-Friday): World Congress of Military Medicine, Adnec Center, Abu Dhabi.

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.

8-10 December (Tuesday-Thursday) Middle East & North Africa Business Aviation Association Show, DWC, Dubai Airshow Site.

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;
31 May-2 June (Monday-Wednesday): RailX Dubai, Dubai World Trade Center, 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.

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