Yet another logistics platform

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WHAT WE’RE TRACKING TODAY

THIS MORNING: More names are expanding in ADGM + is Mubadala eyeing a play for a European fast-food giant?

Good morning, friends. It’s another quiet(er) day for our newsflow, though that hasn’t stopped the UAE from pushing ahead with its logistics drive. An upcoming logistics and industrial real estate platform targeting prospects across the UAE and KSA is our Big Story Today, courtesy of homegrown alternative investment manager Octo Management Consultancies and GFH.

We also bring news of the UAE’s Alcazar Energy clinching a USD 420 mn contract to run Egypt’s Gabal El Zeit wind farm.

Plus: Reports are in of Mubdala eyeing a takeover of one of the largest fast-food operators in the Iberian Peninsula. And Blue Owl Capital and Copper ME are the latest players to be expanding in ADGM.

WEATHER- It’s more of the same today, with highs hovering between 39-40°C in Dubai and Abu Dhabi, along with a low of 30°C, according to our favorite weather app.

Mubadala eyes a Whopper-sized agreement in Iberia

Mubadala is reportedly weighing a play for one of the largest fast-food operators in the Iberian Peninsula. The Abu Dhabi sovereign investor has hired advisers to prepare a potential bid for Restaurant Brands Europe, Spanish newspaper Expansión reports.

The caveat: Mubadala is not the only party circling the asset — investment firms Meritage and Apollo have also expressed interest in an acquisition.

Restaurant Brands Europe operates Burger King, Popeyes, and Tim Hortons restaurants across Spain and Portugal. The business could demand a valuation of EUR 2-3 bn including debt. Private firm Civen, which owns a 70% stake in the company, is said to be working with Morgan Stanley on the sale process. Chairman Gregorio Jiménez holds roughly 20% while Restaurant Brands International retains the remaining 10% stake through Burger King Europe.

IN CONTEXT- An acquisition would add another consumer-facing business to Mubadala’s portfolio. Mubadala already has exposure to the quick-service restaurant sector through its backing of Brazilian restaurant operator Zamp, which operates Starbucks, Burger King, and Popeyes restaurants in Brazil.

Adnoc wants to expand its presence in Canada

Adnoc is mulling potential investments in Canada, CEO of Upstream Musabbeh Al Kaabi told Reuters, adding that the firm, through its international investment arm XRG, is interested in the country’s upstream and LNG sectors. XRG has been building a global platform, backed by its parent firm’s USD 150 bn capex budget through 2030, targeting a top-five global position in gas and petrochemicals.

Adnoc is no stranger to the Canadian market — its portfolio company Nova Chemicals already has a presence in Alberta.

Dubai's GigaFarm nears harvest

Dubai's giant circular farm is nearing its first harvest at a time when food security and supply-chain resilience are back in focus. ReFarm Global Investments, the UAE agritech and waste-to-value company behind the project, and UK-based Intelligent Growth Solutions are set to complete the first phase of construction at their GigaFarm facility in Dubai's Food Tech Valley in the coming weeks, according to a statement. The first crops are expected later this year.

What is it? We first reported on the project in 2023 when ReFarm and Food Tech Valley unveiled plans for a waste-to-value farm capable of replacing around 1% of the UAE's fresh produce imports. The 900k sqm facility combines vertical farming, food-waste recycling, and resource-recovery technologies in a closed-loop system.

What to expect: The first phase will bring 20 growing towers online this summer. Once complete, the facility is expected to produce more than 3 mn kg of produce annually and divert over 50k tons of food waste from landfill each year.

IN CONTEXT- The milestone comes as the UAE ramps up efforts to strengthen food security and reduce reliance on imported produce amid periodic supply-chain disruptions. Other recent efforts include UNS Vertical Farms’ new Al Ain tomato facility.

Liquidity is back

The Central Bank of the UAE sold AED 43 bn in monetary bills (M-bills) across four maturities on Monday, according to Emirates NBD Research (pdf). The sale follows the maturity of AED 100 bn in M-bills at the start of the month, which boosted surplus liquidity in the banking system, with the sale being larger than others the central bank has issued so far this year.

The breakdown: The auction included an AED 23 bn 322-day new issuance, an AED 5 bn 154-day tap issuance, an AED 6 bn 70-day tap issuance, and an AED 9 bn 28-day new issuance, with yields ranging between 3.82-4.13%, according to the CBUAE’s auction notice (pdf).

Decoding central bank speak: M-bills are short-term debt securities used to manage banking system liquidity. Since the war broke out, the CBUAE has stepped in to shield lenders with liquidity packages. Emirates NBD said pricing in the latest auction points to improving liquidity conditions, with excess liquidity reaching AED 185 bn — its highest level since early February — while benchmark rates indicate stable or easing financial conditions.

More arrivals in ADGM

Alternative asset manager Blue Owl Capital has opened a regional headquarters in Abu Dhabi, according to a statement, adding to ADGM’s roster of global finance firms. The office will serve as the firm's Middle East hub and house members of its Institutional Capital and GP Stakes teams.

And on the digital-assets side: Infrastructure provider Copper ME received in-principle approval from ADGM's Financial Services Regulatory Authority to expand its regulated activities, according to a separate statement. Subject to final approval, the firm plans to offer services including digital-asset custody, settlement, collateral management, and tokenized money-market fund brokerage from Abu Dhabi.

ADGM’s momentum shows little sign of slowing. The financial center added 961 new licences in 1Q 2026, while 2Q has already seen firms including Cantor Fitzgerald and Vista Equity Partners set up shop in Abu Dhabi.

Data point

17.8% — that’s how much Middle East tech stocks have lost YTD on the back of the regional conflict, according to Magnitt’s new Magnitt Tech Index (MGTI), which tracks 15 tech firms across the UAE, Saudi Arabia, and Egypt, the venture intelligence platform said in a press release (pdf). The index tracks seven firms in the UAE, including Presight, Talabat, and Anghami.

The decline stands in sharp contrast to the global picture, where AI-linked firms have driven one of the most sustained stock market rallies in recent memory. Bloomberg reported last month that the AI rally is currently delivering momentum investors their best returns in decades. Some individual names have seen staggering gains — SanDisk shares, buoyed by AI’s data storage demands, have climbed more than 600% this year.

PSA

The FTA is broadening the VAT refunds UAE nationals can claim when building a home. The Federal Tax Authority has expanded the list of expenses eligible for its homebuilder VAT refund scheme — and the changes apply retroactively to all claims submitted on or after 1 January 2026, state news agency Wam reports.

What’s new: Under the expanded initiative, Emirati citizens can now claim back the UAE’s standard 5% VAT on a wider set of construction costs, provided those features form an integral part of the new residential property, sit on the same plot, and directly serve the primary residence. The newly eligible expense categories include staff quarters, home gyms, integrated security and smart home systems, electronic or smart doors, swimming pools, and landscaping.

The FTA says the scheme expansion is expected to deliver an estimated AED 200 mn in total VAT savings for UAE nationals, averaging around AED 25k per claim.

Dubai tourist visa, faster than ever. Tourists looking to visit Dubai can now secure their 30- or 60-day single-entry visa within 48 hours, according to Dubai’s General Directorate for Identity and Foreigners Affairs. Tourists need to submit their application and required documents through one of the authorized tourism offices to get their visa within hours.

You’ve spent decades building wealth, and the question now isn’t how to make money — it’s how to make sure it survives you, works across borders, and doesn’t quietly erode while you’re not looking. The rules have changed. Egyptian real estate, once a near-guaranteed store of value, is competing with markets in Greece, Spain, and Dubai.

Whether it’s art as an asset, crowd-funding, or the tax implications quietly stacking up behind that second passport, the toolkit for serious capital deployment has expanded faster than most conventional advice — or most advisors — have.

In Issue 3 of EnterpriseAM Money Matters, we cover the decisions that matter most when you’re at the stage where capital preservation is just as important as capital growth — and where getting it wrong is no longer something you can simply recover from.

Tap or click here to subscribe to the Egypt edition|, delivered to your inbox today, 12 PM UAE.

The big story abroad

Geopolitical tensions are escalating once again after the US launched retaliatory airstrikes against Iran. The strikes follow Tehran shooting down a US helicopter over the Strait of Hormuz, with US forces targeting Iranian air defense and radar sites near the strait. “The mission is a proportional response to unjustified Iranian aggression,” the US Central Command said in a statement. The exchange threatens the stability of the already-fragile ceasefire and complicates negotiations for a peace agreement.

Everyone wants a piece of SpaceX: The IPO has so far attracted over USD 250 bn in orders, with investors lining up to get a piece of what is expected to be the largest-ever IPO. The figure is expected to rise further as the company continues its marketing push. The artificial intelligence and spaceflight player was looking to raise USD 75 bn from the offering.

The tech jitters are back: The S&P 500 and Nasdaq Composite closed lower on Tuesday, dragged down by a sector-wide tech selloff as investors shift their focus to defensive sectors. Some think SpaceX has something to do with it, noting that investors are repositioning ahead of the historic USD 1.75 tn listing, further worsening the pressure on mega-cap tech stocks.

Also worth reading this morning: The Wall Street Journal is out with a piece diving into The Future of Work and AI. With insight from 16 economists, the piece looks at what AI means for the economy, employees, and the workplace.

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Wagering on the warehousing boom

Another industrial and logistics platform in the works: Homegrown alternative investment manager Octo Management Consultancies partnered with Bahraini investment manager GFH to develop a USD 300 mn logistics and industrial real estate platform targeting development prospects across the UAE and Saudi Arabia, according to a statement.

What the platform will target: The platform, for which GFH will serve as investment manager and development partner, will focus on large-format warehousing, multi-let industrial assets, cold storage facilities, and distribution centers. The venture will pursue a mix of build-to-suit and speculative developments — primarily targeting assets at the development stage.

Why it matters: The platform lands at a moment when demand for logistics space across the UAE is structurally outpacing supply. Warehouse occupancy rates in Dubai have exceeded 97%, with rents rising 33% y-o-y — underscoring how acute the supply-demand imbalance has become.

The logistics partnership is one of several to crop up as of late, signaling that investors believe the structural drivers behind those numbers — e-commerce growth, supply chain localization, manufacturing expansion, and major infrastructure investment — have considerably further to run across both the UAE and Saudi Arabia. Back in January, GFH established a UAE-focused logistics platform in partnership with Asian investment manager Gaw Capital. Meanwhile, Abu Dhabi asset manager Lunate formed a strategic partnership with alternative asset manager Blackstone late last year to develop a USD 5 bn portfolio of Grade A logistics assets across the GCC.

Alcazar to run Egyptian wind farm

Alcazar secures Gabal El Zeit mandate: Alcazar Energy inked a USD 420 mn agreement to operate, manage, maintain, and upgrade the 580 MW Gabal El Zeit wind farm, according to a statement from the Egyptian cabinet.

Upgrades are coming: Alcazar will handle all renovation and efficiency upgrades to boost production capacity, maintaining a minimum output of 580 MW. The Egyptian Electricity Transmission Company will off-take all energy generated throughout the duration of the contract under a power purchase agreement inked between the two sides.

While the statement announcing the agreement was light on details, we were previously told that the cost of electricity produced by Alcazar will be denominated in USD but settled in EGP at the prevailing exchange rate — a move that will shield the developer from currency volatility.

Better late than never: We first caught wind of the takeover in February when a government source told EnterpriseAM that the acquisition would wrap up later that month at a price exceeding USD 420 mn. Weeks later, we were told that the acquisition would be finalized in March.

The quiet shift: how wealth in the Middle East is changing

Wealth in the Middle East has long been expressed through visibility, from the branch relationship to the personal banker and the ceremonial process. That model might have

served its purpose, but the client it was built for is changing.

You can see it in how value is defined today. Wealth is no longer about display. It is about privacy, efficiency, and global mobility. Status today is defined less by who answers your call

and more by how little stands between you and a decision.

The numbers tell a consistent story. In 2024, the UAE attracted a net inflow of 6.7k high-net-

worth individuals, according to the Henley Private Wealth Migration Report, many arriving from

London, Singapore, and Geneva, with expectations already shaped by mature international

financial centers. The Capgemini World Wealth Report 2025 finds that 61% of millennial and Gen Z investors are allocating capital to alternative asset classes, favoring private equity and higher-growth opportunities.

Serving this mix of clients requires a bank that can operate across both worlds. At Mashreq, that means combining digital capability with relationship-led advisory. Technology enables access and personalization, while advisory provides depth and context. It also means direct access to private markets, including an exclusive regional tie-up with Goldman Sachs for global discretionary portfolios. At the same time, trust cannot be digitized. Every client relationship at Mashreq begins face-to-face — because for high-net-worth individuals navigating complex decisions, personal engagement remains the foundation, not the exception.

The role of the private bank is evolving from product provider to trusted partner. Mashreq is building for that reality.

Emirates Health Services welcomes new board

Emirates Health Services has a new board at the helm following a reshuffle. The federal authority appointed Ahmed Al Sayegh as chairman — replacing Mohammad Al Olama — in a full reconstitution of its board of directors, state news agency Wam reports. Al Sayegh is also the current health and prevention minister.

The leadership change extend to the deputy role, with Yousif Al Serkal (LinkedIn), director-general of Emirates Health Services, named deputy chairman and managing director, replacing Yousef Al Nuaimi. The rest of the previous board has been replaced under the new structure, which brings in a mix of government officials, healthcare leaders, and private sector representatives.

Emirates Health Services? It reports to the cabinet and oversees federal healthcare delivery across the UAE.

AND- US-based tech firm Hewlett Packard Enterprise (HPE) has handed the reins of its UAE business to a familiar face. The company promoted Michael Langeveld (LinkedIn) to UAE country director, TechAfrica News reports. HPE also tapped Ques Eden (LinkedIn) as head of commercial sales UAE, and Santosh Lasrado (LinkedIn) as head of tech UAE.

A closer look: Langeveld joined HPE in 2022 and most recently served as head of technology and business development for the Emirates and Africa. His career includes tenures at IBM, Microsoft, and Huawei. Lasrado previously worked at Huawei and Emitac, while Eden worked at Alcatel-Lucent, in addition to his tenure at HPE.

Another capital markets link-up

More action from Swiss players on the DFM?

The Dubai Financial Market (DFM) is now recognized as a foreign trading venue by Switzerland’s financial regulator Finma, in a move set to expand the pool of international investors and issuers able to connect with the exchange, according to Dubai Media Office. The move gives Swiss participants direct access to DFM’s trading venue and lets Switzerland-registered firms trade their equities in Dubai.

IN CONTEXT- Finma cited strong regulation as prompting the move, and the development comes amid a wider push by Emirati exchanges to strengthen cross-border market access. Earlier this month, Jordan’s Amman Stock Exchange became the latest bourse to join ADX’s Tabadul platform. The DFM also signed an MoU in 2024 to strengthen cross-border exchanges with Shenzhen Stock Exchange, and later in May 2025 inked another MoU with Taiwan’s stock exchange.

Algebra AI raises USD 7 mn for enterprise AI play

Dubai-based Algebra AI has emerged from stealth with USD 7 mn in funding to help mid-sized businesses deploy and manage AI systems, according to a press release.

About Algebra AI: Backed by UAE-based Beco Capital, Jordan’s Silicon Badia, New York-headquartered Infinity Constellation, and Saudi’s Waseel Investments, the company integrates AI into workflows to boost operational efficiency. The firm’s focus is on GCC mid-market firms seeking solutions that won’t break the bank. Its current customer base spans financial services, manufacturing, distribution, and food and beverage.

Where will the money go? Algebra AI plans to use the funding to expand its client base across the GCC and grow its engineering team in Dubai.

AD Ports starts Safaga trial run

AD Ports has kicked off trial operations at Noatum Ports’ Safaga Terminal, with the UAE port operator’s USD 200 mn Red Sea terminal set for a full launch later this year. The terminal is designed to handle 450k TEUs, 5 mn tons of dry bulk and general cargo, 1 mn tons of liquid bulk, and 50k CEUs of Ro-Ro cargo once fully operational.

The Red Sea gateway has come a long way. AD Ports secured the 30-year Safaga concession in 2023, tapped Hassan Allam Construction for infrastructure works, brought in new STS and RTG cranes earlier this year, and locked in USD 115 mn project financing from IFC and NBK Egypt to push the terminal toward completion.

Safaga has already been pulled into Egypt’s Red Sea pressure test, with the port handling 4.2k shipments in the first half of March — up 75% y-o-y — as shippers leaned harder on Egypt’s Red Sea network during regional disruption.

More multi-bn AED projects hit the market

Developers are still launching multi-bn AED projects despite signs of acoolingmarket. Beyond Developments, part of Dubai-based Omniyat Group, has unveiled The Yards, an AED 4 bn (USD 1.1 bn) master-planned residential destination in Dubailand's City of Arabia, according to a press release. The project is expected to house nearly 1.6k residential units, starting with Arancia Yards, a 272-unit residential cluster spread across three low-rise buildings.

The launches aren't limited to Dubai: Sharjah-based developer Alef Group unveiled Linar, an AED 4 bn waterfront project in Al Mamzar that will deliver more than 2.6k residential units across five residential towers alongside a commercial tower, Sharjah24 reports.

The launch adds to a growing pipeline of large-scale projects coming to market. In recent weeks alone, Majid Al Futtaim unveiled plans for an AED 62 bn mixed-use community in Dubai South, Aldar said it intends to roll out 20 mn sqm of residential and mixed-use developments in Abu Dhabi, and Brookfield and Alshaya unveiled plans for a 480k sq ft mixed-use project in Dubai Hills.

The new AI gainers

A growing number of firms are riding AI’s coattails: More than 200 industrial, utility, and mining companies linked to data centers or semiconductor supply chains outperformed the MSCI World Index over the past year, the Financial Times reports. The gainers include everyone from Caterpillar and Hochtief to steel producer Nucor and power-management company Eaton.

“[A]nything that can spin an engine is going to end up in a data center,” Dell’Oro’s Alex Cordovil said. Investors are increasingly wagering on the infrastructure behind AI — companies supplying the power, cooling, wiring, and equipment — rather than the companies building the models themselves.

This comes as spending on data center infrastructure is hitting record levels: Alphabet, Microsoft, Amazon, Meta, and Oracle are projected to spend a combined USD 700 bn on AI infrastructure this year alone, helping push US data-center construction spending to a record USD 50 bn this past April. Global data-center capacity is expected to double by 2030.

The biggest winners aren’t always obvious: Corning — the 175-year-old company behind Pyrex glass — has seen its shares rise more than 270% after signing optical-fiber agreements with Meta and Nvidia. Eaton reported data-center orders were up 240% in 1Q, while gas turbines once considered obsolete now carry backlogs of up to seven years as AI companies scramble for power.

Gulf investors are also putting their money into these enterprises: The Abu Dhabi Investment Authority (Adia) has recently capitalized on the USD 2.4 bn IPO of German gas-engine maker Innio, whose equipment helps power AI-era data centers. The stock jumped 23% on its Nasdaq debut, underscoring investor appetite for the infrastructure underpinning the AI boom.

The catch: Bain estimates the tech industry would need to generate USD 2 tn in annual AI revenue to justify the spending trends we’re currently seeing. The OECD has also warned of a potential repricing of AI assets if geopolitical tensions keep energy prices elevated. For now, though, investors seem happy backing the businesses building the AI boom.

MARKETS THIS MORNING-

Asia-Pacific markets fell in early trading this morning as flaring geopolitical tensions and Wall Street's tech selloff rattle investors. South Korea’s Kospi is leading losses, down 2.6%, and Japan’s Nikkei is down 0.9%. The Shanghai Composite and Hang Seng also opened lower. In the US, equities are expected to open in the red, with futures down.

ADX	9,561	+0.8% (YTD: -4.3%)
DFM	5,785	+0.9% (YTD: -4.3%)
Nasdaq Dubai UAE20	4,444	+1.2% (YTD: -9.1%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	3.4% o/n	4.0% 1 yr
TASI	11,115	+1.3% (YTD: +6.0%)
EGX30	52,375	+1.0% (YTD: +25.2%)
S&P 500	7,387	-0.3% (YTD: +7.9%)
FTSE 100	10,227	-1.4% (YTD: +3.0%)
Euro Stoxx 50	6,050	-0.2% (YTD: +4.4%)
Brent crude	USD 91.88	+0.5%
Natural gas (Nymex)	USD 3.13	-0.3%
Gold	USD 4,224	-1.5%
BTC	USD 61,752	-1.7% (YTD: -29.5%)
Chimera JP Morgan UAE Bond UCITS ETF	AED 3.70	+0.3% (YTD: -1.3%)
S&P MENA Bond & Sukuk	151.25	-0.2% (YTD: -0.4%)
VIX (Volatility Index)	19.74	+4.3% (YTD: 32.2%)

THE CLOSING BELL-

The ADX rose 0.8% yesterday on turnover of AED 1.1 bn. The index is down 4.3% YTD.

In the green: Investcorp Capital (+10.0%), Fujairah Building Industries (+8.1%), and Two Point Zero Group (+3.9%).

In the red: E7 Group Warrants (-5.0%), Rak Co. for White Cement & Construction Materials (-4.9%), and Oman & Emirates Investment Holding Co (-4.3%).

Over on the DFM, the index rose 0.9% on turnover of AED 695.7 mn. Meanwhile, Nasdaq Dubai was up 1.2%.

CALENDAR

JUNE

1-12 June (Monday-Friday): Subscription period for Emirates NBD’s mandatory open offer for 26% of India’s RBL Bank.

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.

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.

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.

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.

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.

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

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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Today at a glance

THIS MORNING: More names are expanding in ADGM + is Mubadala eyeing a play for a European fast-food giant?