Trading on Dubai Taxi shares begins today as IPO market remains red hot

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WHAT WE’RE TRACKING TODAY

Dubai Taxi’s shares begin trading on the DFM today + COP28 presidency calls for urban climate action

Good morning, ladies and gentlemen. The news cycle is as busy as it is diverse this morning as we head towards the weekend.

THE BIG STORY here in the UAE is still all-things COP28, with just under a week left to run on the global climate gathering.

We still have meaty stories from the UAE’s red-hot IPO market: Dubai Taxi is set to begin trading on the Dubai Financial Market today — and PureHealth’s ADX IPO was fully subscribed on the first day of the bookbuilding process.

ALSO- Authorities extradited British hedge fund trader Sanjay Shah to Denmark,where he faces trial for allegedly submitting fraudulent tax refund requests worth GBP 1.44 bn, Reuters reports. Shah, the main suspect in the so-called “cum-ex” fraud scheme, was arrested in Dubai last year after Danish authorities requested his extradition. Danish prosecutors will seek a court order for Shah to be kept in police custody until his trial commences on 8 January.

Cum-what? Think of it as a super-aggressive form of tax shielding that involves the rapid trading of shares around their dividend dates to exploit tax loopholes, allowing multiple parties to claim tax rebates illicitly.

COP28 presidency leads call to take action on climate at by cutting the carbon footprint of cities: The COP28 presidency — along with UN Habitat, the COP28 UN Climate Change High-Level Champion, and Bloomberg Philanthropies — has issued the Joint Outcome Statement on Urbanization and Climate Change urging for the integration of climate action across all levels of government, according to a statement. The 10-point framework has so far been endorsed by 40 countries.

Sound smart: Urban areas are responsible for 71-76% of global greenhouse gas emissions and 90% of cities are at risk of sinking. More than 250 municipal representatives have so far raised USD 467 mn at COP28 for urban climate action, the COP28 presidency said.

The payoff of Tim Hortons diplomacy: The UAE and Canada hosted a joint energy forum yesterday — and together launched a global drive to decarbonize the cement industry, the two said in a joint statement after COP28 chief Sultan Al Jaber met yesterday with Canadian Minister of Innovation, Science, and Industry François-Philippe Champagne.

The United Kingdom, Ireland, Japan, and Germany have all signed on to the UAE-Canada initiative, which will push ahead on how to slash the emissions footprint of one of the world’s most-important (but hardest-to-decarbonize) industries.

Among the possible solutions: Green hydrogen.

** You’re reading Zero Issue #10 of EnterpriseAM UAE.

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HAPPENING TODAY-

Dubai Taxi Company’s shares are set to begin trading on the DFM today as it wraps up its AED 1.2 bn IPO. The company’s shares will open at AED 1.85 apiece, according to a DFM disclosure. The crazily oversubscribed transaction values the company at north of AED 4.6 bn.

Who owns what post-offering? The Department of Finance, representing the Government of Dubai, will hold a 75% stake, with new shareholders together holding shares equivalent to 24.9% of the company.

ADVISORS-Citigroup, Emirates NBD and Merrill Lynch were joint global coordinators and joint bookrunners. EFG Hermes UAE and FAB were also joint bookrunners. Receiving banks included our friends at Mashreq as well as Emirates NBD, Abu Dhabi Islamic Bank, FAB, and others.

We’ll know the outcome of the Sharjah Consultative Council elections today, Sharjah 24 reports. Voting kicked off on Tuesday both online and in-person at nine polling centers throughout the emirate, with a strong voter turnout, according to state news agency WAM. The results will see 25 candidates selected from a total of 193 to fill half of Council’s seats.

It’s another morning on which no single story dominates the global business headlines, but there are a handful of things you need to know:

Google has unveiled Gemini, its “most capable” AI model to date, which it claims processes more sophisticated reasoning and understanding of information. Google’s chatbot Bard will use Gemini starting some time early in 2024 to help the chatbot with advanced reasoning, planning, and understanding. (Reuters | CNBC | New York Times | CNN)

ALSO worth knowing:

Italy has pulled out of China’s Belt and Road initiative, winding down a relationship that has “ irritated Rome’s western allies.”
COP’s love-hate relationship with business: “The ballooning presence of executives at UN climate talks has prompted a rethink about their role.”
McKinsey shrinks new partner class by roughly 35%: c. 250 people will become partners, down from around 380 a year ago.

ALSO- Meta will start adding invisible watermarks to images generated using its AI chatbotImagine with Meta in the coming period, the Facebook parent said in a blog post. The move comes amid a global furor over the promise (and challenges) of AI-generated images, video and text.

MARKET WATCH-

Oil sinks to six-month low: Oil prices fell for the fifth day running yesterday as bearish market sentiment continued despite some OPEC+ members agreeing to voluntarily reduce output last week. Brent futures tumbled almost 4% to USD 74.24 a barrel — its lowest level since June — in a fresh bout of selling attributed by Reuters to renewed concerns about global demand. Brent is now 23% below its September peak.

CIRCLE YOUR CALENDAR-

Gastronomes will want to head to Abu Dhabi Michelin Guide today at Louvre Abu Dhabi Park. The invitation-only event begins with a press conference at 4pm, followed by the food festival preview at 5:30pm.

Everything Architecture kicks off today at the Al Multaqua Ballroom, Dubai World Trade Centre. Architects and designers both local and international, are invited to partake in this opportunity to improve skills, to network and exposure to the latest trends in architecture and design. Speakers at the event will include President of Royal Institute of British Architects Muyiwa Oki and senior architect at Gensler Samar Hussein. Registration is available here.

Dance music icon Paul Oakenfold plays Dubai tonight: The British DJ is stopping by Gravity Zero to showcase his classic hits and remixes. Grab your tickets for the party online here.

This weekend: Dubai’s Sole DXB is back from tomorrow through Sunday 10 December, with rap artists from around the world taking to the Dubai Design District stage at the three day culture festival.

Dubai also has the Global EV Show tomorrow and Saturday, and EarthSoul Festival from Friday to Sunday.

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

DP World inks MoU at COP28 to trial green shipping solutions

DP World + Pacific Lines ink MoU for green solutions: Logistics giant DP World inked an MoU at COP28 with Singapore-based shipping company Pacific International Lines (PIL) to develop green solutions for global supply chains, according to a statement.

Details: The two companies will run trial shipments between Jebel Ali Port in Dubai and destinations within PIL’s network, with initiatives to reduce the shipments’ greenhouse gas footprints, including powering vessels using a biofuel blend as well as deploying container handling equipment that runs on renewable energy.

In the long term: DP World aims to expand the initiative to include other ports within its global network. PIL is also looking at alternative fuel options, including e-LNG, green methanol and green ammonia for its vessel operations and bunkering. Both companie are aiming to slash their carbon emissions to zero by 2050.

IN OTHER DP WORLD NEWS- DP World has joined the International Transport Forum ’s Corporate Partnership Board in efforts to promote sustainable, innovative, and responsible business practices in the global transportation industry, according to a statement.

METITO LANDS MOROCCO PROJECTS

Metito + Tahliya will develop two desalination projects in Morocco:Tahliya Group and Metito Utilities have signed an agreement to develop two renewable energy powered desalination plants in Morocco, Trade Arabia reports. Desalinated water from the plants will be used in a multi-user irrigation system for farming. Metito will explore mobilizing pockets of capital to fund the project, including its Africa Water Infrastructure Development (AWID) platform.

Metito leads the region’s desalination sector: Metito was one of the companies eyeing four desalination plants to support Egyptian green hydrogen production facilities. It also partnered with Orascom, Taqa, and Adnoc to develop USD 2.2 bn sustainable seawater treatment project for Adnoc’s onshore operations. Metito is also currently constructing a treatment and recycling plant in Sharjah. The company is backed by the International Finance Corporation and Alpha Dhabi Holding.

NEOVISION’S CARBON CREDIT FUND

UAE asset management firm sets up USD 250 mn carbon credit fund: Abu Dhabi Global Market-based Neovision Wealth Management is establishing a USD 250 mn fund to invest in the development of carbon credits across developing markets, Bloomberg reports. The fund — dubbed the Global Carbon Credit Development Fund — will invest in nature-based carbon offsetting projects implemented by Global Frontier Capital, which is currently undertaking reforestation projects across Africa, Asia, and South America. The fund is the first of its kind in the MENA region, Neovision says.

REMEMBER- Carbon markets have been picking up steam across the region, with the Dubai Financial Market (DFM) launching its maiden voluntary carbon market at COP28 on Tuesday. Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) set up a regional voluntary carbon market company back in October. Egypt is also launching its first VCM soon, and has identified 16 sectors — including renewable energy, waste management, and carbon capture — in which it aims to attract investments in the trading of CO2 offsets.

E& LANDS S-LINKED LOAN

E& secures USD 100 mn green loan:Telecommunications and tech investment outfit E& has secured a three-year AED 366 mn (c.USD 100 mn) sustainability-linked loan to help finance development projects in the clean energy sector, according to a filing with the ADX. It did not identify who is providing the financing.

Use of proceeds: E& will channel its first green loan toward funding and refinancing renewable energy, clean transport, and energy efficiency projects. The credit line will also help fund future ventures in the sustainable water supply, waste management, green buildings and pollution reduction industries, the news agency notes.

Committing to net zero targets: E& said it is committed to reach net-zero by 2040 for its scope one and two emissions across its global operations, Wam reports. The company set a more ambitious target for its UAE operations, aiming to get to net-zero by 2030, and slashing 25% of its scope three emissions by the end of the decade.

Russia’s Putin talks war and economic ties with UAE + KSA

Ties between the UAE and Russia are at an “unprecedented high,” Russian President Vladimir Putin said during talks with President Sheikh Mohamed bin Zayed in Abu Dhabi yesterday, according to Wam. Putin’s visit to Abu Dhabi came as part of a whistle-stop tour of the Middle East that later took him to Riyadh, where he delivered a similar message on warming ties to Saudi Crown Prince Mohammed bin Salman.

Trade + investment is strong — and there’s more coming: The UAE is already Russia’s biggest trade partner in the Middle East and is “a major investor in the Russian economy,” with the two countries looking to focus on “development in energy, infrastructure, and high technologies,” Sheikh Mohamed said, according to a Kremlin readout.

Putin didn’t come alone: The Russian leader was joined by Foreign Minister Sergei Lavrov, along with the country’s industry and trade minister, trade and economic cooperation officials, and the head of the Russian Direct Investment Fund, among several other top officials, according to the Kremlin.

Regional hotspots were on the agenda: The two leaders also discussed the current war in Gaza, with Putin also discussing with Sheikh Mohamed the latest developments in Russia’s war with Ukraine.

The meeting got plenty of international attention:Reuters | Bloomberg | WSJ | Financial Times.

It’s a big week for Russia-Gulf relations: Lavrov will attend the Sir Bani Yas International Forum on Peace and Security in Abu Dhabi tomorrow and Saturday before heading to the Doha Forum in Qatar on Sunday, according to Russian Foreign Ministry spokesperson Maria Zakharova. (Russia News Agency)

OTHER DIPLOMACY NEWS-

Tonga is hoping to attract investment from the UAE after the two countries signed an agreement to promote and protect investment yesterday, the Foreign Affairs Ministry said in a statement. No further details were provided.

ICYMI: The UAE is paying close attention to countries vulnerable to the effects of climate change as part of its COP agenda. Minister of State Ahmed Al Sayegh inked on Tuesday an agreement to support the renewable energy sector in Fiji, another Pacific island nation at existential risk due to rising sea levels. New Zealand was also a signatory.

UAE’s Industry and Advanced Technology Ministry launches industrial decarbonization roadmap at COP28

Manufacturers in the UAE will slash 2.9 gigatons of carbon emissions by 2050 under a decarbonization roadmap released at COP28 by the Industry and Advanced Technology Ministry, WAM reported. The roadmap zeroes in on energy-intensive industries including the cement, iron, steel, and aluminum sectors and aims to cut 90 mn tons of carbon dioxide annually.

What’s included in the roadmap? It lays out ways to tackle climate-related challenges through adopting advanced technologies, with an added emphasis on boosting the growth of the national industrial sector, WAM says, citing Public Education and Advanced Technology Minister Sarah Al Amiri.

There are three phases: The first aims to slash emissions by 5% by 2030, followed by a more ambitious aim of cutting emissions by 63% by 2040. With technology scaling up and costs going down, the ultimate plan is to eventually hit a 93% reduction in emissions by 2050.

Advanced technologies? MoIAT and its partners assessed more than 50 technologies, including “clean electricity, carbon capture, utilization and storage (CCUS), manufacturing efficiency, alternative fuels, recycling, clinker substitutes, and hydrogen.” CCUS alone could contribute to a 70% reduction in carbon emissions by 2050, the ministry says.

AND- Our clean energy + hydrogen strategy is coming soon: The UAE is set to release the plans for implementing its hydrogen and energy strategies by early 2024, Wam reports. The plans would build on the country’s updated Energy Strategy 2050, which targets tripling the UAE’s renewable energy capacity and producing 1.4 mn tons of hydrogen per year by 2030.

Sound smart: Hydrogen could be key to help slash the emissions footprint of hard-to-decarbonize industries.

Abu Dhabi’s PureHealth IPO fully subscribed

Middle East healthcare giant PureHealth’s ADX IPO was fully covered on the first day of the offering period, according to a press release. The bookbuilding process will wrap on 11 December for both retail and institutional portions of the offering, with PureHealth expecting its shares to begin trading on 20 December.

The IPO: PureHealth, majority-owned by ADQ, is offering a 10% stake (or 1.11 bn shares) on the Abu Dhabi bourse, according to the prospectus (pdf). The shares are priced at AED 3.26 each, valuing the transaction at a total of AED 3.62 bn, making it the second-biggest listing in the UAE this year.

Who’s selling: Alpha Dhabi Health Holding, IHC Healthcare, Q Health, AH Capital, and Al Ataa Investment.

What does PureHealth do? It has a network of more than 25 hospitals, 100 clinics, multiple diagnostic centers, health ins. products and pharmas, making it the largest integrated healthcare network in the UAE.

ADVISORS- FAB is lead manager, while International Securities is lead placement agent. FAB is also lead receiving bank, while WIO Bank and Al Maryah Community Bank are also receiving banks. Hadef & Partners are IPO legal counsel, Ibrahim & Partners is legal advisor to the lead manager and Ernst & Young is doing audit duties.

It’s IPO season in the UAE: The UAE leads the GCC’s IPO market by value this year, with four IPOs in the first nine months worth a combined value of USD 3.9 bn, Zawya reported previously. Most recently are Dubai Taxi’s USD 315 mn IPO (for which shares begin trading on the DFM today) and crypto miner Phoenix Group, which made its ADX debut earlier this week.

UAE startups dominated MENA fundraising this year

UAE-based startups reeled in the most non-mega funding in 9M 2023, according to Magnitt’s 3Q 2023 MENA Venture Investment Summary. Accounting for so-called mega rounds, Egypt and Saudi Arabia outpaced the UAE in the reporting period. Both the Egypt and Saudi Arabia figures also include debt raised.

The biggest UAE investments since the start of the year: Fintech player Tabby’s USD 58 mn series C round in January ; sportswear brand Squatwolf’s USD 30 mn funding from Asca Capital in May ; and fintech startup Qlub raising USD 25 mn in March.

Startups here and in KSA have continued to do well in the final months of the year: KSA startups gathered USD 338 mn of total investments in November, leading the race in MENA funding, according to a Wamda report. UAE startups were runner-up, attracting USD 284 mn, with Egyptian startups in third place with USD 130 mn.

Startups across the region raised some USD 764 mn in equity and debt in 42 transactions, according to the report. Startup funding last month was the highest recorded this year, up by 74% Y-o-Y and a hulking 390% M-o-M, Zawya reports, citing Digital Digest data.

UAE-based investors were the most active: UAE investors were involved in more than half of the total transactions (squaring off in 22 rounds), followed by Saudi investors, who pulled out their wallets for nine rounds. Ten of the 42 transactions attracted direct global investment, the majority of which cascaded from the United States, according to the Wamda report.

Investors liked fintech: The fintech sector attracted the most love from investors, racking up the majority of funding and the highest number of transactions, particularly in the UAE, according to the Wamda data.

EasyLease Motorcycle Rental acquires 60% stake in Fully Charged

Abu Dhabi-listed EasyLease Motorcycle Rental acquired a 60% stake in EV charging solutions provider Fully Charged, it said in an ADX disclosure. The financial details of the agreement were not disclosed. The move aims to increase the company’s position in the sustainable mobility sector.

What they said: “With the acquisition of Fully Charged LLC, EasyLease is not just investing in technology; we are strategically positioning ourselves at the forefront of the sustainable mobility transformation,” Ahmad Al Sadah, CEO of EasyLease said.

About EasyLease: Established in 2011, EasyLease provides comprehensive transportation solutions across various industries such as e-commerce, delivery, logistics, courier, and food services according to a press release. With a vast fleet of over 25k vehicles, the company offers flexible leasing options designed to cater to the varied transportation requirements of businesses.

About Fully Charged: The company was established in 2020 in Dubai with a focus on improving the UAE's charging infrastructure to promote clean transportation, specifically EVs, according to the company’s website. The company's vision is to make EV charging easily accessible, ensuring EV owners can commute without charging concerns. They have installed more than 5k chargers across the country, including both residential and commercial solutions.

Shuaa Capital’s cost-cutting measures and revenue increase boost 9M 2023 net income to AED 33m

Shuaa reported a net loss of AED 570 mn in 9M 2023 primarily on the back of one-time, non-cash impairments related to legacy assets and goodwill. Net operating income improved sharply in the same period, rising to AED 33 mn from AED 4 mn a year ago on the back of both revenue growth and “cost-saving measures implemented in recent months,” the firm said in its earnings release.

The charges came as Shuaa pushed ahead with an ambitious turnaround plan, saying its “primary focus in the third quarter of 2023 has been addressing legacy issues and completing its previously announced capital optimisation process.” The company wants to shore-up its balance sheet with a capital reduction and then a capital increase via a rights issue. At the same time, it’s looking to focus on core businesses.

Shuaa is now in talks with creditors and the regulator to move ahead with the next stage of its restructuring. The capital optimization plan includes the extension of a USD 150 mn special purpose vehicle bond.

The firm’s asset management unit reported a 17% increase in fee-earning AUM, while the investment banking division lined up new mandates.

Trending on UAE X: Putin, Premier League, and more COP28

This morning on UAE X: Russian President Vladimir Putin’s visit to the Gulf dominated the Twittersphere, with the hashtags #فلاديمير بوتين (Vladimir Putin) and #الرييس الروسي (the Russian president) lending the majority of conversations on the platform.

Sports were also hot: Emiratis kept up with the ongoings of the Premier League, taking to X to discuss Arsenal’s defeat over Luton Town on Tuesday. Sports hashtags #LUTARS, #Luton, #Raya, and #Declan Rice were also viral.

Can’t forget about COP: #COP28 naturally also made the rounds on UAE X, in addition to #القمه_الخليجيه_44 (Gulf Summit 44). Emiratis also shared updates on the situation in Gaza under the trending hashtag #الاراضي الفلسطينيه (Palestinian territories).

COP28 + Putin’s visit to Abu Dhabi top international UAE coverage

Also making headlines:The Irish government sought to open formal talks with the UAE over extradition measures to combat organized crime. Unsuccessful attempts to extradite Dublin criminals from Dubai, including members of the cartel have instigated the call for increased measures. (The Irish Times)

Dubai is getting a GigaFarm + DP World begins operations at Punta Cana air cargo hub

SUSTAINABILITY-

Government-led food tech company Food Tech Valley and Emirati firm ReFarmTm will team up to construct a 900k sqm “waste-to-value” farm in Dubai. The farm will have the capacity to recycle over 50k tons of food waste annually while cultivating 2 bn plants, according to a press release. The project will be able to replace 1% of the country’s fresh food imports and will commence by 2026, The National reports.

TRADE-

DP World has begun operations at its air cargo hub in Punta Cana, the Dominican Republic, according to a press release. The facility, announced earlier this year, is an air cargo logistics hub established in partnership with Punta Cana Freetrade Zone (PCFTZ) that aims to enhance the Domincan Republic's position as a major logistics hub in the Caribbean. In its first operational stage, the hub is receiving cargo via land transport from across the country and is shipping it via air through Punta Cana International Airport, according to the release. By year end, all DP World cargo operations in and out of the country will be centralized to this hub, the release said.

More to come: The facility is set to expand with a logistics center warehouse and manufacturing facilities that are currently under construction and set to be operational by 2H 2024, the release adds. A maintenance and repair workshop will also be completed and become operational in two years.

TOURISM-

UAE travel agency Musafir expands to KSA: UAE-based online travel agency Musafir has launched in Saudi Arabia as part of its expansion plans in the region, it said. It will “strategically target corporate clients, contributing to the kingdom's burgeoning tourism and corporate travel sector,” Musafir said.

INDUSTRY-

Sharjah Municipality is getting a AED 600 mn budget for industrial area development:Sharjah ruler Sheikh Sultan Bin Mohammad Al Qasimi greenlit a AED 600 mn budget for the Sharjah City Municipality to help develop industrial areas (1-6-7) with the Sharjah Chamber of Commerce and Industry, GulfToday reports.

REAL ESTATE-

Egypt’s Ora Developers plans UAE investments: Egyptian real estate player Ora Developers plans to set up a USD 15 bn mega real estate project in the UAE over the coming 10-15 years, CEO and Chairman Naguib Sawiris said yesterday. Sawiris did not provide further details on the planned investments.

SPACE-

Emiratis on the moon this decade? Mohammed bin Rashid Space Centre (MBRSC) is in talks with NASA to operate Moon missions manned with Emirati astronauts under the Artemis program launched last year, the National reports, citing NASA chief Bill Nelson. The UAE also has eyes on supplying NASA with infrastructure, such as an airlock for the Lunar Gateway station that holds astronauts before their descent to the Moon’s surface. The MBRSC previously launched a probe for Mars under Emirates Mars Mission, the first Arab mission to another planet.

TRADE-

Gulftainer holds China roadshow to promote trade gateways: UAE-based ports and terminal operator Gulftainer held a roadshow in Shenzhen, Nansha, Beijing, and Qingdao, China between 23 and 30 November according to a press release. The tour saw meetings with major players in China’s supply chain and logistics, freight forwarding, and manufacturing sectors to promote Gulftainer’s flagship terminals — Sharjah Container Terminal and Khorfakkan Container Terminal.

Analysts and Wall Street can’t seem to agree

The Federal Reserve won’t start cutting interest rates until at least July 2024, a Financial Times poll showed, with nearly 60% of the participants expecting cuts to begin in 3Q 2024 or later. Some 75% of the 40 economists surveyed believe that the Fed will only trim rates by half a percentage point or less in 2024 from its current 22-year high of 5.25-5.5%. Most of them, however, agreed that the Fed’s rate hike cycle is now over.

Wall Street expects officials to act sooner: Investors rushed into stocks, bonds, gold, and risk assets at the end of last week as markets were flooded with bets that the Fed will begin cutting rates as early as March, expecting rates to stand at around 4% by the end of next year.

ADX	9,481	-0.4% (YTD: -7.2%)
DFM	3,969	-0.2% (YTD: +19.0%)
Nasdaq Dubai UAE20	3,779	-0.6% (YTD: -5.8%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	5.1% o/n	5.5% 1 yr
TASI	11,174	+0.3% (YTD: 6.6%)
EGX30	24,704	-1.7% (YTD: 69.2%)
S&P 500	4,549	-0.4% (YTD: +18.5%)
FTSE 100	7,515	+0.3% (YTD: +0.9%)
Euro Stoxx 50	4,483	+0.7% (YTD: +18.2%)
Brent crude	USD 74.24	-3.8%
Natural gas (Nymex)	USD 2.57	-5.4%
Gold	USD 2,047.90	+0.6%
BTC	USD 43,834	0.0% (YTD: +165.3%)

THE CLOSING BELL-

The DFM fell 0.2% yesterday on turnover of AED 229.87 mn. The index is up 19.0% YTD.

In the green: Commercial Bank of Dubai (+1.7%), Gulf Navigation Holding (+1.1%) and Emaar Development (+1.1%).

In the red: Shuaa Capital (-9.8%), Dubai National Ins. & Reins. (-5.3%) and Dubai Islamic Ins. and Reins. (-3.6%).

The ADX fell 0.4% yesterday on turnover of AED 1.03 bn. The index is down 7.2% YTD.

CALENDAR

DECEMBER

30 November-12 December: COP28, Expo City Dubai.

3-10 December (Monday-Sunday): Al Dhafra Book Festival, near Madinat Zayed.

4-7 December (Monday-Thursday): Big 5 Global, Dubai World Trade Centre.

4-7 December (Monday-Thursday): The Big 5 Heavy, Dubai World Trade Centre.

4-7 December (Monday-Thursday): Middle East Concrete, Dubai World Trade Centre.

4-7 December (Monday-Thursday): HAVAC R Expo, Dubai World Trade Centre.

4-7 December (Monday-Thursday): Windows Door & Facades event, Dubai World Trade Centre.

4-7 December (Monday-Thursday): Gulf Glass, Dubai World Trade Centre.

4-7 December (Monday-Thursday): Middle East Stone, Dubai World Trade Centre.

4-7 December (Monday-Thursday): FM EXPO, Dubai World Trade Centre.

4-7 December (Monday-Thursday): International Conference on Global Warming: The Critical Role of Oceans, Ras Al-Khaimah.

7 December (Thursday): Everything Architecture, Dubai World Trade Centre.

8-9 December (Friday-Saturday): Global EV Show 2023, TBA.

8 December-14 January: Dubai Shopping Festival, City wide.

8-10 December (Friday-Sunday): Dubai EarthSoul Festival, Dubai Media City Amphitheatre.

8-10 December (Friday-Sunday): Sole DXB 2023, Dubai Design District.

12-14 December (Tuesday-Thursday): Organic & Natural Expo Dubai 2023, Dubai World Trade Centre.

13-15 December (Wednesday-Friday): ArabPlast 2023, Dubai World Trade Centre.

15-16 December (Friday-Saturday): Super Angels Summit, Abu Dhabi National Exhibition Centre.

Signposted to happen sometime in December:

2024

JANUARY

1 January (Monday): New years day, national holiday.

9-11 January (Tuesday-Thursday): Dubai International Pharmaceuticals and Technologies Conference and Exhibition, Dubai World Trade Centre.

9-11 January (Tuesday-Thursday): Gulf Print and Pack, Dubai World Trade Centre.

21-23 January: World of Coffee Dubai, Dubai World Trade Centre.

29 January- 1 February: Arab Health, Dubai World Trade Centre.

FEBRUARY

12-13 February (Monday-Tuesday): Breakbulk Middle East conference, Dubai Trade Centre.

12-14 February (Monday-Wednesday): Sustainable Aviation Futures MENA Congress, Hotel Dubai Mall.

7-8 February (Wednesday-Thursday): Sharjah Investment Forum, Al Jawaher Reception and Convention Centre.

26-28 February (Monday-Wednesday): Management and Sustainability of Water Resources, Marriott Hotel Al Jaddaf.

27-28 February (Tuesday-Wednesday): Dubai Association Centre Conference, Dubai World Trade Centre.

28-29 February (Wednesday-Thursday): Ras Al Khaimah Investment and Trade Summit, Rak Exhibition Centre.

28 February-1 March (Wednesday-Friday): MENA Transport Congress and Exhibition 2024, Dubai.

Signposted to happen sometime in February:

World Trade Organization Ministerial Conference, Abu Dhabi, UAE.

MARCH

5-6 March (Tuesday-Wednesday): MRO Middle East, Dubai Trade Centre.

5-7 March (Tuesday-Thursday): World Police Summit, Dubai World Trade Centre.

12 March (Tuesday): Start of Ramadan, public holiday.

APRIL

11 April (Thursday): End of Ramadan, public holiday.

12 April (Friday): Eid Al-Fitr, public holiday.

16-18 April (Tuesday-Thursday): World Future Energy Summit, Abu Dhabi National Exhibition Centre.

16-18 April (Tuesday-Thursday): Middle East Coatings Show, Dubai World Trade Centre.

23-25 April (Tuesday-Thursday): Connecting Green Hydrogen MENA, Madinat Jumeirah Conference Centre.

MAY

8-9 May (Wednesday-Thursday): Innovative Finance Expo, Jumeirah Emirates Towers.

14-15 May (Tuesday-Wednesday): Seamless Middle East, Dubai World Trade Centre.

JUNE

4-6 June (Tuesday-Thursday): The Hotel Show, Dubai World Trade Centre.

4-6 June (Tuesday-Thursday): INDEX, Dubai World Trade Centre.

4-6 June (Tuesday-Thursday): WORKSPACE, Dubai World Trade Centre.

4-6 June (Tuesday-Thursday): Leisure Show, Dubai World Trade Centre.

15 June (Saturday): Arafat day, national holiday.

16-18 June (Sunday-Tuesday): Eid Al-Adha, national holiday.

JULY

7 July (Sunday): Islamic new year, national holiday.

SEPTEMBER

9-11 September (Monday-Wednesday): World Utilities Congress, Abu Dhabi.

OCTOBER

30-1 November (Wednesday-Friday): World Cities Cultural Summit, Dubai.

NOVEMBER

11-14 November (Monday-Thursday): ADIPEC, Abu Dhabi.

11-14 November (Monday-Thursday): ADIPEC Maritime and Logistics Exhibition and Conference, Abu Dhabi.

11-14 November (Monday-Thursday): ADIPEC Decarbonisation Accelerator, Abu Dhabi.

DECEMBER

2-3 December (Monday-Tuesday): National Day, public holiday.

10-12 December (Tuesday-Thursday): Middle East Business Aviation, Dubai World Central.

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