Local funding backs industrials push

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Another Adnoc vessel passes through Hormuz + Adnoc wants to hit the gas on unconventional gas project

Good morning, lovely people. We have another busy issue for you this morning, packed with news out of Make It in the Emirates as local players pledge bns in AED in support for the country’s industrialization push.

Our Big Story Today looks at the AED 18 bn package of funding announced by local lenders, and we speak to Mashreq’s head of Services and Manufacturing Shakil Haider about current appetite for financing across industrials.

Plus: We break down new projects like a graphene park coming to Sharjah, a AED 10 bn investment for T’aziz to get into new chemicals, and a defense freezone in Abu Dhabi. A green hydrogen project is also on its way.

Meanwhile, it’s still unclear what’s going on over in the Strait of Hormuz, with an Abu Dhabi National Oil Company (Adnoc) tanker reportedly making its way through, according to Bloomberg, after it resurfaced loaded near northern Indonesia on its way to Japan, after going dark for more than two weeks. The vessel was last seen empty near the eastern entrance of Hormuz on 19 April, and has historically only been loading from Adnoc’s Das Island LNG export plant.

The pattern is getting clearer: We heard of another tanker earlier in March loading in Das Island — and going dark later that month — then reappearing near India almost a month later. Together, the voyages suggest a narrow, high-risk export channel where cargoes move quietly, tracking signals disappear, and confirmation only emerges once vessels are already outside the Gulf.

The news comes as Iran laid out a process for seeking approvals to cross the Strait, though shipowners and executives are wary of being the first to test it out, especially after Tuesday’s attack on an Adnoc tanker, which the UAE blamed on Iran.

WEATHER- We’re in for highs of 41-42°C in Dubai and Abu Dhabi today, before it cools down to 28°C overnight.

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At the movies 🎥

A new Abu Dhabi-backed horror film is hitting the big screen this week: Hokum, a new horror film produced with backing from Image Nation Abu Dhabi, a UAE-based production studio — and partly shot in the UAE — is in cinemas this week. The film has already amassed solid reviews with an 88% Rotten Tomatoes score and three stars from the Guardian.

The positive reception is welcome news for the UAE, which has been working to cement its position as a regional production hub, competing with similar efforts from the likes of Saudi Arabia, which also backed a USD 150 mn epic that has comparably flopped on its release over the past weekend.

Watch this space

MANUFACTURING — Adnoc Drilling is targeting a 50-50 revenue split from manufacturing and drilling services over the next five years, as it shifts from its traditional pure-play rig operator model, CFO Youssef Salem told state news agency Wam on the sidelines of Make It In the Emirates.

The numbers: The company currently generates c.USD 5 bn in annual revenue, with drilling activities accounting for USD 3.5 bn (70%) and oilfield services and manufacturing contributing USD 1.5 bn (30%).

But, Enterprise, what would a drilling company manufacture? The ADX-listed firm is working on localizing the production of drilling tools and measurement services as a way of insulating itself against supply chain disruptions and offering value-added services for export, Salem added.

The move comes as part of a wider shift among national companies towards maintaining healthy, resilient local supply chains and exporting their products and services, with NMDC Energy also planning to localize more of its products and increase the share of local inputs in products.

Speaking of Adnoc… the oil giant is preparing to hit the gas on unconventional oil and gas in the wake of its exit from Opec. The firm plans to make a ‌final investment decision this year on its unconventional gas project with TotalEnergies, and to approve another unconventional oil project soon after, Reuters quotes its Upstream CEO Musabbeh al Kaabi as saying.

The project? It has been in pilot production for over a year, and uses advanced drilling techniques similar to those used for US shale gas, Al Kaabi said. The project is located in Diyab and could take about 40 years to develop and produce. Total operates the exploration phase of the concession with a 40% interest, while Adnoc holds the remaining 60% stake.

Why now? It fits with the originally intended timeline, but it also comes as the UAE looks to become an independent swing producer following its Opec exit, prioritizing market share and resource monetization over the price-maintenance strategies favored by its former Opec peers.

DEBT — FAB is back in the market for a fresh USD sukuk: First Abu Dhabi Bank (FAB) has mandated a USD-denominated five-year benchmark sukuk, according to a press release. The sukuk will be issued under the bank’s USD 5 bn trust certificate program and will be listed on the London Stock Exchange.

The details: The issuance will follow a regulation S senior unsecured Wakala Murabaha structure and is expected to be rated in line with the lender. Initial price thoughts were set around 115 bps over US treasuries.

The issuance would be FAB’s fourth this year, following a GBP 450 mn bond and USD 750 mn Formosa offering in February, and a USD 750 mn benchmark issuance in January.

This comes as regional lenders begin to return to debt markets after a quieter spell in March and earlier in April due to the regional conflict. Emirates NBD reopened the regional AT1 market with a sukuk issuance last month, with orders of more than three times the issuance size signaling confidence in UAE capital markets.

ADVISORS- Joint lead managers and bookrunners include Abu Dhabi Islamic Bank, Bank ABC, Dubai Islamic Bank, First Abu Dhabi Bank, HSBC, Industrial and Commercial Bank of China, Kuwait International Bank, KFH Capital, and Standard Chartered, which is also acting as billing and delivery bank.

Data point

AED 89.6 bn — that’s how much UAE-listed companies handed back to shareholders in 2025, according to the Capital Market Authority’s annual report 2025 (pdf). Payouts on the Abu Dhabi Securities Exchange totalled AED 45.7 bn, while Dubai Financial Market accounted for AED 43.9 bn.

Banks led by a wide margin, distributing AED 33.36 bn, followed by real estate at AED 13.2 bn, energy, telecoms, and utilities.

Foreign investors remained net buyers during the year. Net foreign inflows reached AED 18.7 bn, with AED 14.1 bn of this flowing into Abu Dhabi markets and AED 4.6 bn into Dubai. Institutional investors also posted net inflows of around AED 1.2 bn.

The big story abroad

Mixed messaging over the US-Iran negotiations continues this morning, with President Trump vowing to bomb Tehran “at a much higher level” if an agreement isn’t reached soon. Trump’s post came after media reports of the two sides inching closer to ending the war and setting a framework for nuclear negotiations, with Iran’s response expected through Pakistani mediators by Thursday’s end.

Meanwhile, ceasefires seem to be shaking everywhere: Israel targeted an elite Hezbollah commander, its first strike on Beirut’s suburbs since the ceasefire in Lebanon. An attack on the Gaza Strip also targeted the son of Hamas’ chief Khalil Al Haia amid a renewed bombing campaign.

Over in the tech world: A tie-up between Anthropic and SpaceX will give the AI lab access to the Colossus 1 data center — and see the two explore opportunities for building data centers in space.

Also worth reading this morning:

A “systemic jet fuel shortage” threatens summer travel in Asia and Europe.
CNN founder Ted Turner passed away at 87.
Apple agreed to a USD 250 mn settlement over delayed Siri AI features.

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AED 18 bn funding push for industrials

Local banks have committed AED 18 bn to the country’s industrial push at Make it in the Emirates this year, according to a statement. This adds to AED 40 bn in commitments made last year, which had aimed to localize supply chains. The main goal this year? To help manufacturers scale operations and expand into new markets.

Who’s in? Our friends at Mashreq made the biggest pledge of AED 10 bn, which it will target toward green loans, green bonds, sustainability-linked loans and bonds, supply chain financing programs, and trade finance services and financial advisory support. Emirates Development Bank is committing AED 6 bn, while Dubai Islamic Bank pledged AED 2 bn.

This isn’t the banks’ first investments in the sector. Mashreq pledged AED 2 bn in industrial financing last year at the event, while Emirates Development Bank has also regularly pledged funds for food security, manufacturing, and tech.

It’s a big jump from AED 2 bn to AED 10 bn for Mashreq, but according to the bank, “demand from manufacturers for capex, working capital, and trade finance has scaled materially” as the UAE’s industrial agenda matures, Mashreq’s head of Services and Manufacturing Shakil Haider tells EnterpriseAM.

Case in point: The lender has already delivered above its AED 2 bn target from last year, Haider tells us. It has offered sustainable financing facilities to the likes of Arabian Gulf Steel Industries, Gargash Group, and Galadari Brothers over the past year.

Who will get the lion’s share of the AED 10 bn this time around? “The AED 10 bn is deliberately structured to span the full industrial value chain,” Haider says. “Large anchor manufacturers, particularly those tied to In-Country Value (ICV) mandates and strategic sectors, will absorb a meaningful share.”

A bulk of the funds will likely flow toward strategic autonomy sectors like food security, large-scale industrials, pharma, and advanced manufacturing, which are all areas seeing strong momentum in the UAE, Haider says, while noting that the bank is sector-agnostic and would still pursue any “bankable [windows].”

The bank is also standing by its existing clients in terms of supply chain resilience support during disruptions, he tells us.

Why sustainability-linked financing and green loans? Appetite for this type of financing is actually very healthy, possibly now even more than before, he says. For one, sustainable financing is directly correlated with the cost of financing for UAE manufacturers selling into Europe, which will face the Carbon Border Adjustment Mechanism, and for the UK, with its carbon border tax set to take effect next year, he explains.

Plus: “Manufacturers reassessing supply chains [amid] disruptions are simultaneously rethinking energy inputs, sourcing, and resilience,” according to Haider, adding that sustainability is a natural, core part of that conversation.

The bigger picture: The UAE is working on a major localization push that’s been given even more of an impetus now that supply chain disruptions have hit with the Strait of Hormuz blockade. The country has been aiming to lift the industrial sector's GDP contribution to AED 300 bn by 2031, and every year, localization and manufacturing agreements are coupled with a financing push to support the sector.

A big graphene push + more investments in chemicals?

The UAE is doubling down on its push into sovereign industrial capability and advanced manufacturing as it looks to localize strategic supply chains amid ongoing global disruptions. With a new graphene project and T’aziz set to potentially produce 14 new industrial chemicals, UAE energy players are shifting increasingly toward higher-value industrial output, moving beyond just energy production to local assembly, integration, and input manufacturing.

Going all in on local defense manufacturing

First a defense fund — now a defense freezone: The UAE is putting all its eggs in the defense basket now, with the goal of bringing defense manufacturing closer to home at a time when a diverse defense repertoire is critical.

UAE port operator and logistics firm AD Ports and defense and security authority Tawazun are now planning to develop the Al Selmiyyah Defense Industrial Freezone in Abu Dhabi to anchor defense manufacturing capabilities within one ecosystem, state news agency Wam reports.

The strategy is twofold: Bring more global defense giants to the UAE and foster partnerships between national companies and international firms to build local capabilities in the sector.

Who’s doing what? Tawazun will lead on regulatory and licensing frameworks, while AD Ports Group will oversee master planning, land use, and infrastructure development. The development timeline is still not clear.

Background

Defense has climbed high on policymakers’ agenda as of late, as the Iran war has made it a matter of strategic importance for the country, both to protect its residents and infrastructure, and to reaffirm its “safe haven” image. Officials are currently also weighing a dedicated investment vehicle and pushing localization agreements across the sector.

Global players already have the UAE on their radar: US defense and aerospace firm Lockheed Martin is setting up a cybersecurity center of excellence in the UAE.

Our take

The UAE already operates what experts have told us is “probably the most mature layered defense system across the GCC,” integrating platforms like Thaad, Patriot, and shorter-range C-UAS defenses. The major localization push has also been years in the making, with the country inking defense partnerships with countries and firms across the world, so none of this is unprecedented.

It has been clear for a while now that the UAE won’t be content with buying defense technology and equipment — although it still relies on partners like the US and South Korea for those — but will want to own it and, eventually, even export it.

Procurement policy is reinforcing the shift: The UAE has already embedded some of the world’s most aggressive localization requirements into defense procurement, with major contracts typically requiring 60% industrial participation, experts told us previously.

Good news for EGA after a tough few months

Emirates Global Aluminium (EGA) just got a boost in the form of a settlement agreement with the Guinean government, and will soon get another with the launch of operations at its recycling facility in Al Taweelah, set to be the UAE’s largest.

The timing matters: This comes as EGA’s core smelting operations are out of order. Its Al Taweelah plant was hit at the end of March, with the strike at the 1.6 mtpa facility knocking out a significant chunk of primary aluminum production capacity and forcing EGA to invoke force majeure on some contracts. Rehabilitation work is set to begin at the end of May, with full restart timelines stretching toward a year, making recycling and overseas diversification increasingly strategic hedges rather than optional growth plays, CEO Abdulnasser Bin Kalban told Al Bayan.

#1- The firm reached a settlement agreement with the Guinean government following the shutdown of its Guinea Alumina Corporation (GAC) operations last year, according to a press release. The dispute had escalated last year after Guinea suspended GAC shipments and later seized the company’s mining lease, accusing EGA of failing to build an alumina refinery. EGA halted operations in the country and said the government’s actions violated its rights.

It’s a meaningful reset for EGA: The agreement restores bauxite supply arrangements between EGA and Guinean mining company Compagnie des Bauxites de Guinée under what the parties described as “mutually beneficial commercial terms,” though financial details were not disclosed. Guinea will also pay GAC a lump sum in exchange for transferring the company’s local assets to Nimba Mining, a state-linked mining vehicle overseeing the Sangaredi bauxite project in western Guinea.

Why this matters: With its Al Taweelah facility still under repair, making a stable upstream supply increasingly important for EGA’s broader resilience strategy. The Guinea disruption had already pushed the company to diversify its mining exposure in the region, including through signing a mining MoU last year with Ghana’s state-owned Ghana Integrated Aluminum Development Corporation.

#2- EGA’s plans to launch the UAE’s largest aluminum recycling plant are on track despite disruptions, with the company preparing to launch operations before mid-year, Bin Kalban said. The facility is expected to reach 400k tonnes of annual capacity by year-end, as part of a broader plan to scale toward 800k tonnes by 2040.

EGA declined to comment on whether the recycling ramp-up could help offset production disruptions at Al Taweelah, though SVP of Corporate Affairs Simon Buerk told EnterpriseAM that plans for the facility come as global demand for recycled aluminum is “expected to double by 2040.”

More green hydrogen incoming

A new green hydrogen platform: Abu Dhabi-based Innovation Platform Capital (iPC) and Intelligent Investment Holdings will launch a green hydrogen platform in the UAE, starting with a USD 1 bn first phase aimed at building a full value chain for clean fuel. The project covers renewable power generation, green hydrogen production, and converting hydrogen into green ammonia and fuel solutions.

The pitch is exports and beyond: The platform is being positioned to supply hydrogen to refineries and industrial clusters, cooling solutions for increasingly energy-hungry data centers, and green ammonia for exports and as shipping fuel.

Reality check? Gulf states have rolled out multi-bn-USD hydrogen and ammonia plans over the past few years, doubling down on cheap solar power, export infrastructure, and industrial demand from Europe and Asia. But the sector has struggled with weak offtake agreements, high production costs, and uncertainty over how quickly industries such as shipping, steel, and heavy manufacturing will switch to green fuels at scale.

The play here is to position the UAE early in a market many expect to grow over the long term — even as near-term demand remains uneven. “The first phase establishes an expandable clean-fuel base that serves the UAE market first, before expanding regionally and globally,” iPC Managing Partner Juraj Barus said.

What’s next: A dedicated investment fund is set to launch soon to back early-stage development, engineering, and strategic partnerships as the platform moves into build mode.

Edge taps ECCI in localization push + Mubadala backs CredibleX

CredibleX is now backed by Mubadala

Mubadala backs SME lender: Abu Dhabi sovereign wealth fund Mubadala has invested in UAE-based SME lender CredibleX as part of the firm’s Series A funding round, according to a press release. The SWF led the USD 15 mn equity raise in the Financial Services Regulatory Authority-regulated company, which also saw participation from Abu Dhabi-based venture capital player Further Ventures.

CredibleX? Launched in 2023, the platform’s offering spans revenue-based financing, receivables financing, and payable financing for SMEs. Currently, it works with 70 distribution partners.

ICYMI- The round follows a USD 100 mn senior secured credit facility secured last September. CredibleX also raised USD 55 mn in seed funding back in 2024.

Where is the money going? The new capital is set to support expansion across lending and adjacent services while deepening its partner network and strengthening its data and technology stack.

Edge localizes more defense systems

Edge + ECCI partner: Edge’s smart weapons subsidiary, Halcon, has tapped Emirates Cable Corporation Interconnect (ECCI) to manufacture high-tech cable harness assemblies under a AED 200 mn contract, according to a press release. The systems will be used in mission-critical operations that use weapons to ensure power distribution, signal transmission, and system integration.

BACKGROUND- Just earlier this week, Edge signed an MoU with France-based Icape to localize printed circuit boards, electronic components, and turnkey subsystem solutions within its domestic manufacturing operations. The agreements come as part of a broader focus towards localized defense production.

Gaps exposed in USD 2 tn industry

Fears of a private credit crisis are reaching a boiling point now, with financial watchdog the Financial Stability Board (FSB) warning in its latest report (pdf) of widening gaps, high levels of defaults, and liquidity mismatches in the sector.

The key issues: The sector’s opaqueness is leading to risks being mispriced, and a web of interconnectedness is complicating things. With asset managers, banks, ins. funds, PE firms, institutional and retail investors, and private credit players all involved, “this layering effect may amplify losses during market stress,” the report said.

Large data gaps are making it harder to get a clear picture of the scale of the risk, FSB warns, but there are indications of a high level of defaults. When counting selective defaults from restructuring agreements, the rate of defaults in the sector reaches 5%, the report said.

How big is the problem? Total lending in the private credit market stood at USD 1.5-2 tn as of the end of 2024, as more private credit buyers pile into the market, with borrowing reaching as much as 6x their EBITDA, the Financial Times reports.

Tech, healthcare, and services were identified as the biggest borrowing sectors, FSB said, with analysts fearing that exposure to the tech sector in particular would make private credit especially vulnerable to the AI bubble, given that AI accounted for 35% of PC agreements in 2025, up from 17% on average over the last five years.

ICYMI- The worries link back to earlier fears of an AI bubble, with massive investments in data centers and infrastructure relying on private credit to secure the necessary funds. FSB said estimates pointed to AI-linked capex reaching as much as USD 2.9 tn by 2028, with USD 800 bn of this set to come from private credit.

The lender link: The watchdog flagged that up to USD 500 bn had been provided by banks in drawn and undrawn loans, while Bloomberg data points to 11 US banks having issued a total of USD 185 bn in outstanding loans. The picture isn’t much different in Europe, where 13 lenders have lent USD 135 bn this year alone.

The strain is starting to show, with HSBC recently disclosing that its lending to a private credit fund resulted in it taking a USD 400 mn hit, the Financial Times reports.

The prognosis: FSB is suggesting setting up supervisory discussions on monitoring problem areas, analyzing risks and key metrics from data it provided, and establishing uniform definitions for certain opaque areas within private credit.

For now, the scale of “leverage and interconnectedness could amplify stress in adverse scenarios, posing broader risks to financial stability,” according to the watchdog’s Secretary General, John Schindler, with the report adding that the sector has been “untested at its current size, scope, and concentration” so far under stress conditions.

MARKETS THIS MORNING-

Japan’s stock market rose to a new record as Asian markets rallied this morning, tracking Wall Street, with the Nikkei rising 5%, and Topix up more than 2%. Chinese equities were also in the green, though South Korea’s Kospi reversed earlier gains and was trading in the red. Meanwhile, Wall Street futures were mostly flat after what was also a record day for markets, on hopes of a US-Iran agreement being close.

ADX	9,875	+0.9% (YTD: -1.2%)
DFM	5,898	+3.0% (YTD: -2.5%)
Nasdaq Dubai UAE20	4,617	-0.9% (YTD: -5.6%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	3.4% o/n	4.0% 1 yr
TASI	10,949	-0.5% (YTD: 4.4%)
EGX30	53,605	+2% (YTD: 28.2%)
S&P 500	7,365	+1.5% (YTD: +7.6%)
FTSE 100	10,439	+2.2% (YTD: +4.9%)
Euro Stoxx 50	6,027	+2.7% (YTD: 4.0%)
Brent crude	USD 102.3	+1%
Natural gas (Nymex)	USD 2.72	-0.3%
Gold	USD 4,697	+0.1%
BTC	USD 81,453	+0.3% (YTD: -8.2%)
Chimera JP Morgan UAE Bond UCITS ETF	AED 3.63	0.0% (YTD: -1%)
S&P MENA Bond & Sukuk	151.79	+0.4% (YTD: -0.1%)
VIX (Volatility Index)	17.39	+0.1% (YTD: 16.3%)

THE CLOSING BELL-

The ADX rose 0.9% yesterday on turnover of AED 1.9 bn. The index is down 1.2% YTD.

In the green: Fujairah Building Industries (+14.8%), Gulf Medical Projects Company (+8.3%), and Eshraq Investments (+8.1%).

In the red: Fujairah Cement Industries (-4.9%), Hayah Ins. Company (-4.8%), and Fertiglobe (-4.8%).

Over on the DFM, the index rose 3.0% on turnover of AED 1.1 bn. Meanwhile, Nasdaq Dubai was down 0.9%.

CALENDAR

MAY

4-7 May (Wednesday-Friday): Make It in the Emirates, Adnec Center, Abu Dhabi.

12-14 May (Tuesday-Thursday): Abu Dhabi Infrastructure Summit, ICC Hall, Adnec Center, Abu Dhabi.

15-17 May (Friday-Sunday): Art Dubai, Madinat Jumeirah, Dubai.

19-22 May (Tuesday-Friday): Abu Dhabi Water and Energy Week, Adnec Center, Abu Dhabi.

22 May-7 June (Friday-Sunday): Dubai Esports and Games Festival, Dubai.

JUNE

3-4 June (Wednesday-Thursday): MENA Investor Conference, Ritz-Carlton DIFC, Dubai.

3-4 June (Wednesday-Thursday): MENA Desalination Forum, Conrad Abu Dhabi Etihad Towers, Abu Dhabi.

15 June - 15 September (Monday-Thursday): Dubai Mallathon, Dubai.

17 June (Wednesday): Investopia Global Talks, Tashkent, Uzbekistan.

22-24 June (Monday-Wednesday): The International Glass Manufacturing Show, Dubai.

JULY

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

AUGUST

17-20 August (Monday-Thursday): Arabian Travel Market, Dubai World Trade Center, Dubai.

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.

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.

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

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

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.

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.

DECEMBER

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

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

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.

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