UAE banks are well-positioned for 2024 growth, S&P says

1

WHAT WE’RE TRACKING TODAY

THIS MORNING: Earnings season rolls on + Ras Al Khaimah Art Festival begins today

Happy Friday, ladies and gentlemen. It’s a surprisingly mellow end to the week, primarily bringing us more earnings.

THE BIG STORY here at home, other than the onslaught of earnings season? S&P Global thinks UAE banks are well-positioned for growth this year as the continued growth of the country’s non-oil economy drives an uptick in demand for credit.

^^ The rundown of what S&P has to say is in this morning’s news well below.

PUBLIC SERVICE ANNOUNCEMENT-

Emirates Post is now 7X: Emirates Post Group Company (EPG) has rebranded itself as 7X, representing “the seven emirates to the seven continents and across the seven seas,” 7X chairman Badr Salim Sultan Al Olama said on X.

WATCH THIS SPACE-

#1-More taxis at DXB airport: The Dubai Taxi Company doubled its fleet at the Dubai International Airport, adding 350 new taxis, in hopes of increasing trips by 30% and reducing waiting times, according to a press release (pdf).

#2- Tecom to expand Dubai office space portfolio: Business district developer Tecom Group is eyeing new commercial property development projects, acquisitions, and land purchases to expand its portfolio, CEO Abdulla Belhoul told reporters, according to Bloomberg. The expansion plans come amid a global commercial real estate slump, while Dubai rentals for office spaces are expected to climb 10-15% y-o-y in 2024 as new market entrants continue to pour into the emirate.

DATA POINT-

The UAE’s cybersecurity sector is valued at around AED 1.5 bn, head of Cybersecurity Mohamed Al Kuwaiti told CNN, adding that there were over 50k cyberattacks during 2023.

HAPPENING TODAY-

#1-The Family Office Roundtable (FORT) Global kicks off today at the Museum of the Future, according to a press release. The invite-only event will center discussions on the international finance and investment communities, influential family offices, government members and dignitaries, with nearly 10k guests, hailing from over 35 countries.

#2- Ras Al Khaimah’s Art 2024 Festival opens its doors today. The exhibition will run until Thursday, 29 February, under the theme “In Motion,” with the outdoor show extending until Sunday, 31 March. The to-do list includes special exhibits, film screenings, and live performances.

#3- Young entrepreneurs can pitch early-education startup ideas at the AbuDhabi Youth Challenge: Techstars Startup Weekend, running for three days from Friday, 2 February, to Sunday, 4 February at Cloud Spaces ADGM in Abu Dhabi. The top three teams will get AED 30k.

HAPPENING TOMORROW-

The Sharjah Entrepreneurship Festival 2024will take place at the Sharjah Research Technology and Innovation Park tomorrow and Sunday. The event will feature over 100 global startups and host 200 speakers from 15 countries, including Riyadh Governor, Prince Faisal bin Bandar, Emaar Properties Chairman, Mohammed Alabbar, and a number of others.

The Mubadala Abu Dhabi Tennis Open will take place from tomorrow to Sunday, 11 February at Zayed Sports City's International Tennis Centre. The tournament will feature big names including four-time Grand Slam champion Naomi Osaka, Elena Rybakina, Ons Jabeur, Maria Sakkari, and Barbora Krejčíková, The National reports.

CIRCLE YOUR CALENDAR-

Investors and startups with sustainable solutions can now apply to Dubai Holding’s Innovate for Tomorrow challenge, which will provide the selected company with a rewards package and funding. Ideas can range from solutions for economic circularity, resource efficiency and supply chain sustainability to waste reduction and consumer education, according to the Dubai Media Office. The selected idea will get access to Tecom Group’s in5 business incubator, and will get the chance to implement the idea through a pilot program with Dubai Holding. Applications can be submitted here until 31 March.

The Middle East Bunkering Convention will take place from Monday, 5 February through to Wednesday, 7 February at the Hilton Dubai Jumeirah. The event will bring together industry players to discuss issues in the global marine fuel sector, including supply chains, decarbonization, and new fuels.

The UAE Tour Women is happening from 8-11 February starting in Dubai and ending in Abu Dhabi. The event will feature three sprint stages and a mountain climb up Jebel Hafeet, spanning 468 km from Dubai to Abu Dhabi.

The Sustainable Aviation Futures MENA will kick off on Monday, 12 February through to Wednesday, 14 February at Kempinski Central Avenue. The event will see 80 speakers and upwards of 200 attendees discuss regulation, financing, and investments in sustainable aviation fuels in MENA.

Dubai will host the World Government Summit from Monday, 12 February, to Wednesday, 14 February. The summit, with the central theme of daily implications of AI, will include 15 AI-centered conferences, and an annual gathering for the Time 100 AI list. OpenAI CEO Sam Altman will be among the speakers headlining the event, Gulf News reports. President Sheikh Mohamed bin Zayed Al Nahyan invited Qatar Emir Sheikh Tamim bin Hamad Al Thani to attend the summit, according to a Foreign Ministry statement.

Dubai will also host the Future Warehouse & Logistics 2024 Conference from Monday, 12 February to Wednesday, 14 February. On the agenda: How to boost resilience and overcome challenges, with discussions on disruptions, sustainability, internet of things, automation, workplace management and other topics.

Breakbulk Middle East 2024 will take place from Monday, 12 February, to Tuesday,13 January, in Dubai. The event is being hosted by the Ministry of Energy and Infrastructure to address industry challenges and identify prospects for growth in the UAE, KSA, and East Africa.

The Investopia Summit will take place from Wednesday, 28 February, to Thursday, 29 February, in Abu Dhabi. The two-day event will run under the theme “Emerging Economic Frontiers: Investing in Fast-Growing Sectors in the New Economy,” gathering investors, government officials, and entrepreneurs to explore investments in strategic markets.

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

UAE banks strongly positioned for growth in 2024, S&P says

The Emirati banking system is well-placed for expansion in 2024, propelled byrobust credit demand in non-oil sectors and ongoing government-led initiatives for economic diversification, according to S&P Global Ratings’s GCC Banking Sector Outlook 2024 report (pdf). On the whole, GCC banks are projected to maintain solid capitalization, profitability, provisioning, and liquidity, the report said, predicting “broad stability in key metrics across GCC banks and banking systems in 2024.”

GCC banks on the whole will see slightly slower credit growth: Credit growth will moderate slightly on the back of an unfavorable base effect and increased lending caution, the report noted. This comes amid a persistent high interest rate environment and uncertain external macroeconomic conditions, S&P Global said.

Saudi Arabia and the UAE are expected to have the strongest return on assets (RoA) during the year, with high levels of capitalization making them favorable when compared to regional or global peer groups, the report said.

Where do the risks lie? The report named three potential areas that could present risks: the “worsening geopolitical environment,” in which the rating agency highlighted “proxy conflicts” with some level of GCC involvement; oil price volatility; exposure to the real estate sector; and some GCC banks’ expansion in what the report referred to as “high-risk jurisdictions” such as Egypt and Turkey, with exposure to both countries estimated at USD 160 bn.

Real estate exposure in particular is a risk for UAE banks, the report said, as the ratings agency expects the real estate sector in Dubai to witness price corrections after a bumper year for prices. High vacancies in the commercial real estate sector can also lead to a slowdown in growth, it added.

REMEMBER- Data out over the past few weeks has pointed to a record increase in real estate prices in the UAE in 2023, with indications property prices will continue to appreciate in 2024 — albeit potentially at a slightly slower pace. The IMF estimates that real estate prices rose at the highest levels globally last year, with a 10.4% y-o-y surge, while others have estimated an even higher 15-18% surge in Dubai alone.

First Abu Dhabi Bank net income jumps 56% in 2023

We have more earnings reports this morning, including First Abu Dhabi Bank, Borouge, Sukoon Takaful, Ras Al Khaimah Ins. and Abu Dhabi National Hotels Group.

FIRST ABU DHABI BANK-

FAB had a strong year: First Abu Dhabi Bank (FAB) saw its net income rise 22% y-o-y to a record AED 16.4 bn in 2023, the bank said in its earnings presentation (pdf). The UAE’s largest lender attributed the strong performance to revenue growth. Operating income jumped 32% y-o-y to AED 27.5 bn, driven by a 27% y-o-y increase in the bank’s net interest income to AED 18.1 bn.

On a quarterly basis,the bank saw its bottom line leap 63% y-o-y to AED 4.01 bn in 4Q 2023, beating analyst expectations of posting a 30% y-o-y increase to AED 3.6 bn. Operating income climbed 17% y-o-y in 4Q 2023 to AED 6.93 bn.

Total assets hit AED 1.2 bn: “We further consolidated our leading position as one of the largest global banks, with total assets increasing to AED 1.2 tn,” FAB chairman Sheikh Tahnoon Bin Zayed Al Nahyan said in the earnings release (pdf).

What’s next for the bank? The bank is targeting a return on tangible equity of above 16% over the medium-term, by “continuing to build on its momentum of business growth and diversification and to strengthen and expand its leadership position in the UAE and its international operations,” according to the earnings release.

FAB expects the Emirates’ GDP to grow 4.5% in 2024, compared to 3.7% in 2023, and also expects the Central Bank of the UAE to cut interest rates three times in 2H 2024, according to the earnings presentation.

BOROUGE-

Borouge’s annual income down, quarterly income up: Adnoc petrochemicals JV Borouge saw its net income fall 29% y-o-y to USD 1 bn (AED 3.67 bn) in 2023 amid dampened demand, according to the company’s annual earnings release (pdf). The company’s revenues dipped 14% y-o-y to USD 5.8 bn (AED 21.3 bn) in 2023, driven by a 16% slump in average selling prices.

On a quarterly basis, the company’s net income increased 16% y-o-y in 4Q 2023 to USD 288 mn (AED 1.05 bn). Meanwhile, quarterly revenues fell 6% y-o-y during the quarter to USD 1.6 bn (AED 5.8 bn).

What they said: “Over the past twelve months we have demonstrated the resilience of our business model and ability to leverage our strong brand positioning, technical capabilities, operational scale and excellence to outperform in challenging market conditions,” Borouge CEO Hazeem Sultan Al Suwaidi said in the earnings release, adding that operational efficiencies helped bolster performance.

Dividends: The company plans to distribute USD 1.3 bn (AED 4.77 bn) in dividends in 2024, according to the earnings release.

Sukoon Takaful reports 2023 loss: Sukoon Ins.’ Takaful arm Sukoon Takaful incurred a net loss of AED 76.5 mn in 2023, widening from an AED 30.7 mn net loss the previous year, according to its financials (pdf). The firm’s revenues for the year inched down 1.5% y-o-y to AED 126.6 mn.

Looking forward: The company expects to achieve a turnaround by the end of the financial year amid steps towards bolstering solvency and optimizing resources, including through the divestment of non-core assets, according to Sukoon’s financial statement.

Ras Al Khaimah National Ins. returned to the green in 2023, recording AED 14.5 mn in net income during the year, compared to 2022’s net loss of AED 35.5 mn, according to the company’s preliminary unaudited financials (pdf), disclosed on the ADX. Ins. revenue stood at 464.4 mn, up from 458.5 mn in 2022.

Abu Dhabi National Hotels Group’s bottom line stood at AED 422 mn in 2023, up from AED 415 mn in 2022, according to the company’s earnings release (pdf). The group’s consolidated revenue stood at AED 1.6 bn in 2023,up from AED 1.5 bn during the same period last year. The hotel segment experienced an increase in revenues, reaching 1.4 bn, up 12% y-o-y. The transport company's revenues for 2023 amounted to 285 mn, reflecting a 11% y-o-y rise.

Ex-Barclays exec appointed as Azura partner in Dubai

Azura appoints new partner for Dubai office: UK-based wealth management firm Azura made the former head of financial institutions-banking in the Middle East at Barclays, Hazem Shish (LinkedIn), partner in the company’s strategic opportunities team in Dubai, Bloomberg reports, citing a company statement. Shish will work alongside Azura Founder and Chairman Ali Jamal, with a focus on private investments and advisory in Europe and the Middle East and Africa, Shish said on LinkedIn.

Shish has over a decade of experience at Barclays overseeing relationships with sovereign wealth funds like Abu Dhabi Investment Authority and Mubadala Investment, before he set up his advisory firm, Revam, and a blockchain-focused asset management firm.

More on Azura: Founded in 2019, Azura manages over USD 4 bn in assets, with offices in New York, London, Geneva, Dubai and Monaco. Its Dubai office currently manages USD 1.5 bn in assets.

Sharjah Sports Club gets new vice chair: Sharjah Crown Prince Sultan bin Mohammed bin Sultan Al Qasimi appointed Khaled Issa Al Midfa as vice chairman of Sharjah Sports Club’s board on Thursday, state news agency Wam reports.

Sukoon wins UAE Insurer award, and first Emirati female astronaut will graduate from Nasa

DFM-listed Sukoon Ins. received the UAE Insurer award at the MENA Ins. Review 2024 Awards, nodding to its performance throughout the year, including its expansion in Takaful ins. with the acquisition of the Arabian Scandinavian Ins. Company in May, according to a DFM disclosure (pdf). The award also acknowledged Sukoon’s new end of service and gratuity and workplace savings schemes.

First Emirati woman astronaut Nora Al Matrooshi is set to graduate from Nasa’s training program in March, as part of the Nasa astronaut class of 2023, The National reports, citing Nasa. Mechanical engineer Al Matrooshi will graduate alongside former Dubai Police helicopter pilot Mohammed Al Mulla from the Johnson Space Center in Houston, Texas.

The group will be eligible for space missions after moving their tassels left, including under Nasa’s Artemis program, which will see an Emirati astronaut — the first Arab astronaut — head to the moon sometime this decade, The National wrote.

OTHER NEWS-

Sharjah’s Wasit Comprehensive Police Station received the World Federation of Disabled certificate,recognizing it as an environmentally qualified place for people with disabilities. (Sharjah 24)
Dubai Sports Council (DSC) and Dubai Police are launching the region’s first general football league for inmates, where 14 teams from across penal and correctional institutions in Dubai will compete from Wednesday, 7 February to Friday, 31 May. (Wam)

Government bureaucracy + police awards on X

X is awash with talk of البيروقراطيه الحكوميه (government bureaucracy), as Sheikh Mohammed bin Rashid Al Maktoum posted that the government will cancel 2k procedures, cutting service durations by 50%, by the end of 2024. The Zero Government Bureaucracy (ZGB) program launched in November 2023 to streamline processes and expedite public services.

We’re also picking up chatter on حمدان بن محمد بن راشد آل مكتوم (Sheikh Hamdan bin Mohamed bin Rashid Al Maktoum), after the crown prince of Dubai attended a graduation ceremony at the Dubai Police Academy.

The UAE is growing its position as a hub for both hedge funds and the fintech industry

Fintech + hedgies ♥️ UAE: More UK fintech firms are eyeing dual listings in the UAE, with talks gaining momentum after the two countries inked an MoU back in October to cooperate in the field of financial services, UAE Economy Minister Abdullah bin Touq Al Marri told Bloomberg. The business information service separately notes that the UAE is also solidifying its position as a hub for hedge funds, as London-based company Eisler Capital looks to be licensed and open an office in Dubai.

More Arab Health news + Indian travelers can get pre-approved visas if they fly Emirates. PLUS: More education, customs, tech and real estate news

HEALTHCARE-

#1- American Hospital Dubai to expand in Nigeria: Dubai-based American Hospital is planning to kick off global expansion with the establishment of three medical tourism offices in Nigeria this year, the hospital said in a statement. Under the expansion plan, American Hospital will establish 30 offices across Africa and Eastern Europe to “support the UAE’s efforts to be the global medical tourism hub and facilitate patient access to American Hospital Dubai’s medical services.”

#2- Sharjah-Italy health collaboration: The Sharjah Health Authority met with an Italian delegation at Sharjah’s House of Wisdom to discuss potential partnerships between Italian health institutions and Sharjah's University Hospital, Sharjah24 reports.

#3- The Health and Prevention Ministry and other UAE health authorities launched a digital system for healthcare professionals’ career progression on the sidelines of Arab Health,according to a ministry statement. The Healthcare Workforce Decision Support System (HRH-UAE) was developed to manage healthcare professionals' career progression, covering studies, training, licensing, and employment.

#4- Dubai Health Authority partners with autism centers for better ASD healthcare and education: The Dubai Health Authority inked an agreement with the Dubai Autism Center and Emirates Autism Society, aimed at delivering healthcare services for individuals with autism spectrum disorder (ASD), including students in special needs schools, Wam reports.The agreement encompasses training staff in Dubai's special needs schools in foundational approaches as well as “enhanced scientific and practical methods to engage with students with ASD in line with the best global protocols, systems, and procedures in this field”. The program also involves offering courses for caregivers.

TOURISM-

Indian travelers can now get a pre-approved visa upon arrival to the UAE: VFS Global will provide Indian passport holders traveling via Emirates airline with a pre-approved 14-day single-entry visa upon arrival, allowing those who have booked with the airline to skip queues upon landing, the airline said in a press release.

TECHNOLOGY-

#1- Emirates NBD employs Silent Eight financial crime prevention system: Emirates NBD signed a partnership agreement with Singapore-based financial crime prevention firm Silent Eight, incorporating Silent Eight’s AI-powered financial crime alert system into the bank’s screening process, according to a press release.

#2- Norwegian risk management company DNV opened a new training facility in Abu Dhabi, dubbed the Training Hub for Industrial Knowledge (THInK), to emulate high-risk scenarios, according to a press release. The facility will offer personalized training with in-person, virtual, and hybrid sessions, including internationally accredited courses focused on heavy industries such as safety, lifting, mobile elevating work platforms, earthmoving machinery, and scaffolding. It will also incorporate virtual reality to replicate experiences in these industries.

STARTUPS-

#1- UAE-based startup Airev will use G42 subsidiary Core42’s AI solutions to improve Arabic language capabilities on its online learning platformSchool Hack, according to a press release. Core42 offerings include the world’s largest Arabic open-source large language model (LLM) and an AI supercomputer.

#2- Dubai-based ride-hailing and delivery app Careem forked out AED 709k for late orders in 2023 as part of its AEDs for Delays campaign, which promises to reimburse customers AED 1 for every minute their food is late, The National quotes VP of food at Careem Jaskaran Singh as saying. Only one in 20 deliveries were late during the year, Singh said.

#3- Connecting social media influencers with regional brands: Technology startup Mitgo Group launched a platform dubbed Takefluence, linking content creators and social media influencers with regional brands, according to a press release.

CUSTOMS-

Huawei to digitize Dubai’s customs systems? Dubai Customs met yesterday with a delegation from Chinese tech giant Huawei to discuss enhancing collaboration in digitization and information technology, as well as the introduction of digital customs procedures, according to a press release.

REAL ESTATE-

#1- Dubai Multi Commodities Centre (DMCC) has kicked off the second phase of Uptown Dubai,breaking ground on two additional mid-rise towers with 70k sqm of commercial office space and 8k sqm of F&B and retail, according to the Dubai Media Office. The firm onboarded Dubai-based construction company Swissboring Overseas Piling Corporation for the enabling and foundation works.

#2- DMCC’s Uptown Dubai project now includes a total of nine towers, expected to span 538k sqm — 232k sqm of which is office space — upon completion. The company previously booked architects WATG and Adrian Smith + Gordon Gill Architecture for construction.

EDUCATION-

#1- AUS students off to Poland? The American University of Sharjah (AUS) and AGH University of Krakow, Poland, inked an agreement yesterday to swap teaching methods as well as faculty and students in facilitated exchange programs, reports Wam. The agreement will also see the two educational players host joint academic events, research projects, and dual degree programs.

#2- Abu Dhabi University (ADU) students will also get the chance to study in Europe, after ADU signed an agreement with the Italy-Czech Republic Chamber of Commerce to enable joint research collaborations and grant applications with European universities,according to a press release.

ALSO- ADU will work with the chamber on a research initiative, competence center MBA program: The entities will also launch a research center for entrepreneurship studies and startups in the UAE and Italy, in addition to a competence center for the agri-food supply chain. ADU will also inaugurate a new MBA program in partnership with Italy’s Università Bocconi, partnering on consultancy services and training sessions.

Facebook parent company Meta is going to start paying out dividends for the first time

Facebook parent company Meta will begin distributing dividends for the first time, the company said yesterday as it announced its bumper 4Q 2023 earnings, reporting a 201% y-o-y rise in net income. The company’s board agreed to distribute a dividend of USD 0.50 per share, and plans to continue paying out dividends each quarter moving ahead, according to its earnings release. The announcement pushed Meta’s shares to rally more than 14% in after-hours trading. The story made the rounds: Wall Street Journal | Financial Times | Reuters | CNBC

ADX	9,469	-0.4% (YTD: -1.1%)
DFM	4,220	+1.2% (YTD: +4.0%)
Nasdaq Dubai UAE20	3,795	-0.3% (YTD: -1.2%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	5.1% o/n	5.1% 1 yr
TASI	11,914	+1.0% (YTD: -0.4%)
EGX30	28,434	+0.5% (YTD: +14.2%)
S&P 500	4,896	+1.0% (YTD: +2.4%)
FTSE 100	7,622	-0.1% (YTD: -1.4%)
Euro Stoxx 50	4,638	-0.2% (YTD: +2.6%)
Brent crude	USD 79.21	+0.7%
Natural gas (Nymex)	USD 2.07	+0.8%
Gold	USD 2,070.00	-0.1%
BTC	USD 43,055.34	+2.4%

THE CLOSING BELL-

The DFM rose 1.2% yesterday on turnover of AED 390.8 mn. The index is up 4.0% YTD.

In the green: Commercial Bank of Dubai (+12.0%), Emirates Investment Bank (+11.4%) and National International Holding Company (+10.5%).

In the red: SHUAA Capital (-9.7%), Depa Limited (-7.4%) and Takaful Emarat (-6.5%).

Over on the ADX, the index closed down 0.4% on turnover of AED 1 bn, while Nasdaq Dubai closed down 0.3%.

CORPORATE ACTIONS-

Fujairah Cement Industries has initiated a divestiture involving its subsidiary, Ready Mix Concrete, which is valued at AED 40.2 mn, equivalent to approximately 11.3% of the company's share capital, according to an ADX disclosure. The subsidiary will be put up for sale in the open market during the first half of 2024, with the exact disposal value yet to be determined, the company said.

The rationale: The decision stems from the business' non-viability and the potential for losses on asset sales, the company said. The generated proceeds will be used to settle its liabilities, and any surplus funds will be allocated to the parent company, it added.

Formal invitation to the Kenyan president to attend WGS + more Gazans arrived in Abu Dhabi

President Sheikh Mohamed bin Zayed Al Nahyan invited Kenyan president William Samoei Ruto to attend the World Governments Summit 2024 taking place in Dubai, according to a statement by the foreign affairs ministry.

The ninth group of wounded Palestinian children and cancer patients arrived in Abu Dhabi on Wednesday, Wam reports. The group included 49 wounded children and cancer patients along with their companions. This comes as part of the UAE’s initiative to provide medical treatment for 1k injured children and 1k cancer patients from Gaza.

CALENDAR

JANUARY

31 January-6 February (Wednesday-Tuesday): Emirates LitFest, InterContinental Hotel Festival City.

FEBRUARY

1-15 February (Thursday-Thursday): InClassica Dubai International Music Festival 2024, Dubai Opera.

2-29 February (Friday-Thursday): Ras Al Khaimah Art 2024 Festival, Al Jazeera Al Hamra.

2-4 February (Friday-Sunday): Sharjah Classic Cars Festival.

2-4 February (Friday-Sunday): Abu Dhabi Youth Challenge Techstars Startup Weekend, ADGM, Abu Dhabi.

3-11 February (Saturday-Sunday): Mubadala Abu Dhabi Opening, Zayed Sports City’s International Tennis Centre.

5-7 February (Monday-Wednesday): Middle East Bunkering Convention, Dubai, UAE.

5-8 February (Monday-Thursday): Medlab Middle East, Dubai.

6-7 February (Tuesday-Wednesday): The Middle East ProcureTech Summit, Dubai, UAE.

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

8-9 February (Thursday-Friday): International Crop-Science Conference & Exhibition 2024, JW Marriott, Marquis Dubai.

8-11 February (Thursday- Sunday): The UAE Tour Women.

9 February (Friday): Abu Dhabi International Airport to be renamed to Zayed International Airport.

9-11 February (Friday-Sunday): HERO Abu Dhabi, Al Hudayriat Island.

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

12-14 February (Monday-Wednesday): World Government Summit, Dubai.

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

12-15 February (Monday-Thursday): Future Warehouse & Logistics, Dubai, UAE.

15-25 February (Thursday-Sunday): FIFA Beach Soccer World Cup 2024, Dubai.

18 February (Sunday): Abu Dhabi Run and Ride, Abu Dhabi Corniche.

19-23 February (Monday-Friday): Gulfood 2024, Dubai World Trade Centre.

20-21 February (Tuesday- Wednesday): International Dialogue of Civilizations and Tolerance Conference, Abu Dhabi National Exhibition Centre.

22-24 February (Thursday-Saturday): International Freight Forwarders Conference 2024 Dubai, Hyatt Hotel.

23-25 February (Friday-Sunday): Taste of Dubai Festival, Skydive Dubai.

23 February - 3 March (Friday-Sunday): Maritime Heritage Festival Abu Dhabi.

24 February (Saturday): Ras Al Khaimah Half Marathon, Al Marjan Island.

25 February - 2 March (Sunday-Saturday):Abu Dhabi Desert Challenge 2024, Al Dhafra Region.

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.

26-29 February (Monday-Thursday): World Trade Organization Ministerial Conference, Abu Dhabi, UAE.

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

28-29 February (Wednesday-Thursday): UAE delegation attends ‘Invest in Austria’ conference, Vienna.

28-29 February (Wednesday-Thursday): Third Investopia Summit, Abu Dhabi.

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

29 February-3 March (Thursday-Sunday): Gov Games, Dubai Festival City, Dubai.

MARCH

1-3 March (Friday-Sunday): Art Dubai, Madinat Jumeirah.

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

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

5-7 March (Tuesday-Thursday): Dubai Entertainment Amusement & Leisure Exhibition, Dubai World Trade Center.

5-8 March (Tuesday-Friday): Forbes’ Third Annual 30/50 Summit In Abu Dhabi During International Women’s Day

8-9 March (Friday-Saturday): World Triathlon Championship Series 2024 Opening Race, Yas Marina Circuit on Yas Island.

11/12 March (Monday/Tuesday): Start of Ramadan, public holiday.

APRIL

9/10 April (Tuesday/Wednesday): End of Ramadan, public holiday.

8-12 April (Monday-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.

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

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

24-26 April (Wednesday-Friday): Global Education & Training Exhibition.

MAY

6-7 May (Monday-Tuesday): Dubai Fintech Summit 2024, Madinat Jumeirah.

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

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

JUNE

2-4 June (Sunday-Tuesday): The World Air Transport Summit and International Air Transport Association (IATA)’s annual general meeting, Dubai.

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.

28-30 September (Saturday-Monday): World Association of Nuclear Operators (WANO) Biennial General Meeting, 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.

Sections

About

Privacy & Support

Get EnterpriseAM daily