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1

WHAT WE’RE TRACKING TODAY

THIS MORNING: Sharjah launches AED 1 bn sukuk auction

Good morning, everyone. We have another brisk issue for you today, with no single dominant theme driving the news.

There’s plenty of investments being made, though, with Adnoc Logistics and Services inking final contracts for up to 10 LNG carriers, and Emirati firms inking some USD 30 bn agreements for renewables projects in Egypt.

WEATHER- It’s another mainly sunny day today, with a daytime high of 42°C and an overnight low of 32°C in Dubai, and a high of 38°C in Abu Dhabi before the mercury dips to 33°C at night.

WATCH THIS SPACE-

#1- Sharjah is launching a five-year, AED 1 bn sukuk auction, Reuters reports, citing a document it had seen. The sukuk auction will open for orders tomorrow, with details on yield and final issuance size to follow on the same day.

ADVISORS- Standard Chartered will act as the sole auction coordinator and bookrunner. Our friends at Mashreq, First Abu Dhabi Bank, and HSBC, alongside Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Bank of Sharjah, Dubai Islamic Bank, Emirates NBD Capital, Investbank, and Sharjah Islamic Bank will be the placement agents of the auction.

#2- CBUAE adopts zero bureaucracy initiative: The UAE central bank’s (CBUAE) finance sector is looking to slash red tape, and is kicking off dialogues between its departments to share proposals, it said in a press release (pdf). The CBUAE also urges all licensed financial institutions to join workshops to cut red tape, speed up processes, and enhance customer service.

Background: The government launched the Zero Government Bureaucracy program in November 2023, seeking to slash 2k government procedures and cutting service durations by 50% by the end of the year.

DATA POINTS-

#1- The number of active business license issuances in Dubai rose 15% y-o-y to 426k in 1H 2024, compared to 371k by the end of 2023, Alkhaleej reports, citing data from the National Economic Register. The amount of new licenses issued in Dubai stood at 55k during the period.

#2- Off-plan villa transactions in Dubai surged by 209% in May 2024 compared to April, a press release reads. Total property transactions for the month rose 47% to AED 20.6 bn, with sales values rising by 54%. Apartments also saw significant growth, with transactions up by 38.55% to over AED 16.8 bn, while villa transactions soared by 223% to AED 3.7 bn.

THE BIG STORY ABROAD-

The Donald is once again dominating headlines after the US Supreme Court ruled that the former president has broad immunity for actions he took while in office — including charges made against him following his 2020 loss to Joe Biden.

Liberals were not happy with the ruling, crafting a strongly worded dissent that said Trump was now a “king above the law” and that it made a “mockery” of democratic law. Neither was Biden, who criticized the ruling in a White House speech.

What the ruling means in tangible terms: The former president is likely not going to trial for three of four of the criminal cases against him ahead of the elections later this year.

Meanwhile, all is not well in the Democratic party, where insiders are growing more panicked over the state of Biden following his disastrous debate performance. “People want to make sure that … the president and his team are being candid with us about his condition, that this was a real anomaly and not just the way he is these days,” one senator said.

Across the pond: Keir Starmer’s Labour party still leads Rishi Sunak’s Conservatives by 20 points or more in polls. And the horse-trading continues in France, as other parties look to block the far-right Rassemblement National from running away with parliament in second-phase voting due next week.

AND in other potential court case news: Boeing will need to either plead guilty to felony fraud or face a trial against the US government, and Nvidia is set to face French antitrust charges over anticompetitive practices.

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CIRCLE YOUR CALENDAR-

The Dubai Diamond Conference is set to take place on 11 November at Jafza One Convention Centre. Organized by DMCC, the forum will gather global diamond industry experts to discuss the latest developments influencing the diamond industry from tech innovations to market trends.

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

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2

INVESTMENT WATCH

Adnoc L&S inks USD 2.5 bn contracts to expand LNG carrier fleet

Adnoc L&S earmarks USD 2.5 bn to expanding its LNG carrier fleet: Adnoc Logistics and Services (L&S) inked contacts worth USD 2.5 bn with South Korean shipyards Samsung Heavy Industries and Hanwha Ocean for eight to ten LNG carriers, according to a statement (pdf). The intake of newbuilds is set to boost the firm’s current fleet from 14 carriers to at least 22 vessels.

ICYMI- In late May, the firm signed letters of intent with the two shipbuilders for new vessels to serve Adnoc’s second LNG terminal at Ruwais. Ruwais aims to be the region’s first LNG export facility powered by renewable energy.

The details: Samsung Heavy Industries and Hanwha Ocean were each awarded contracts to build four vessels, with an option for an additional ship. Each carrier will have a 174k cubic meter capacity and operate with Mega and XDF2.2 engines, which will offer the lowest emissions in the company’s fleet.

Timeline: Delivery of the carriers will commence in 2028 and will be time chartered to Adnoc’s subsidiaries for a duration of 20 years.

Part of the post-IPO expansion strategy: This investment is part of a broader expansion strategy announced ahead of Adnoc L&S’s USD 769 mn IPO last year, committing to USD 5 bn in medium-term investments. Adnoc has already allocated over half of this USD 5 bn target to expanding its LNG fleet.

IN OTHER ADNOC NEWS-

Adnoc saved up to USD 500 mn and reduced over 1 mn tonnes of carbon emissions in 2023 thanks to 30 AI tools used to boost efficiency, Wam reports, citing Adnoc Chief Sustainability Officer Ibrahim Al Zu’bi on the sidelines of the Global Sustainability Forum in Abu Dhabi.

Adnoc also launched a digital platform for AI and sustainability startups in partnership with CEO Sustainability Network and IBM, Al Zu’bi said.

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INVESTMENT WATCH

Emirati firms ink more than USD 30 bn renewables agreements in Egypt

Emirati firms inked a slew of agreements — totaling more than USD 30 bn in investments — for green hydrogen and renewables projects in Egypt during the two-day Egypt-EU Conference, which wrapped on Sunday.

#1- More from Infinity-Masdar-Hassan Allam: Renewables giant Masdar, along with our friends at renewables firm Infinity, Hassan Allam, and global energy giant BP will set up a USD 15 bn green hydrogen project in the Suez Canal Economic Zone under a joint development agreement, according to a statement (pdf). The project is currently in the feasibility studies phase and will be fully operational in ten years time, Infinity Chairman Mohamed Mansour told Enterprise.

The details: The companies will integrate their existing green hydrogen projects and study the possibility of developing a single, large-scale, multi-phased project for the production and export of green hydrogen and its derivatives. BP will act as the main developer and operator of the project.

#2- A EUR 7 bn plant by EDF + Zero Waste: France’s EDF Renewables and Egyptian-Emirati firm Zero Waste will set up a EUR 7 bn three-phase green hydrogen and ammonia project near Hurghada at Ras Shoukair Port, according to a statement. The EUR 2 bn first phase of the project aims to produce 1 mn tons of green ammonia annually with the production earmarked to supply ships with green fuels and for exports. The project will also include the financing and development of a new 400 meter shipping dock and a seawater desalination unit to feed all stages of the project.

#3- A lot more green ammonia for Ain Sokhna: Abu Dhabi-headquartered Ocior Energy has inked a USD 4.3 bn agreement with the Sovereign Fund of Egypt (SFE) to develop a green ammonia plant at the Port of Ain Sokhna, according to a statement. The plant will primarily cater to European markets, addressing the growing demand for sustainable ammonia.

And another USD 3.5 bn Taqa Arabia-Voltalia project: A consortium of Taqa Arabia and France’s Voltalia will build a USD 3.5 bn green ammonia project at Ain Sokhna, under another agreement inked with SFE.

PLUS- Scatec advances its green hydrogen project: The SFE signed a binding offtake agreement with Egypt’s Orascom Construction, Norway’s Scatec, and UAE-headquartered urea and ammonia exporter Fertiglobe to produce 100 MW of green hydrogen from its Ain Sokhna plant, according to a statement. Fertiglobe will buy the plant’s production of green ammonia for the coming 20 years — marking the world’s first long-term green ammonia purchase agreement.

The details: The plant kicked off its first phase in November 2022 and aims to produce some 13k tons of green hydrogen a year, which will be used to create 70k tons of green ammonia at Fertiglobe’s ammonia plants. 270 MW of solar and wind power plants will be installed to power the plant.

WATCH THIS SPACE-

Taqa eyes 150 MW of solar energy in Egypt: Taqa Arabia is in talks with companies in the tourism, industrial, and agricultural sectors to produce some 150 MW of solar energy in Egypt, Chairman Khaled Abu Bakr told Zawya.

4

CAPITAL MARKETS

Allianz + Daman launch USD 67 bn feeder funds for UAE retail investors

Daman + Allianz roll out USD 67 bn feeder funds: Dubai-based asset manager Daman Investment and Allianz Global Investors launched two onshore feeder funds, allowing retail investors in the UAE to access Allianz’s international investment portfolio, according to a statement. The two funds collectively manage over USD 67 bn in assets, according to a separate press release.

REMEMBER- The Securities and Commodities Authority (SCA) issued a decision in April prohibiting funds and asset managers outside of the UAE from being publicly offered for retail subscription in the UAE. Domestic feeder funds — essentially a sub-fund that pools investment capital under a larger umbrella fund — are one way retail investors can gain access to foreign master funds.

About the funds: The first fund employs a “US-centric multi-asset strategy” with a focus on large-cap equities, convertible securities, and high-yield bonds, managing over USD 55 bn. The second fund, dubbed the Global Artificial Intelligence Fund, holds over USD 12 bn in AI assets.

Investment managers are swiftly adapting to the new rule: Last week, Aditum Investment Management debuted four public funds in the DIFC, with Standard Chartered acting as fund administrator and custodian. Standard Chartered also partnered with securities depository Clearstream to include UAE-based funds on its Vestima platform enabling retail clients to invest in locally-domiciled funds.

5

Tech

Sharjah ruler signs off on the Sharjah Communication Technologies Freezone

A new tech freezone in Sharjah: Sharjah Ruler Sheikh Sultan bin Muhammad Al Qasimi issued a decree to establish the Sharjah Communication Technologies Freezone (Comtech) in Kalba, Sharjah24 reports. The freezone will act as a hub in the emirate for tech and AI companies to establish headquarters and data centers in a zero-tax zone.

What’s next? Once published in the official gazette, detailed regulations regarding financial resources, exemptions, and operational procedures will come into effect. An organizational structure for the freezone will also be made public.

REMEMBER- The Sharjah ruler established the Sharjah Communication Technologies Authority in mid-June. The new authority will regulate all services related to the telecommunications sector, communication technologies, infrastructure, data centers, and marine and land installations in the emirate, and roll out comprehensive strategic plans, legislation, and projects to advance the sector.

6

M&A WATCH

PureHealth sells 100% of Abu Dhabi Stem Cells Center and Yas Clinic

Healthcare giant PureHealth sold off the Abu Dhabi Stem Cells Center and Yas Clinic Group to Qatar-based Encircle Investments and Infinity Investments, a Pure Health ADX filing (pdf) reads. The exact value of the transaction was not disclosed, but the company said it had a “non-material” financial impact.

The rationale: PureHealth wants to focus on streamlining operations and offering specialized healthcare services, it noted in the statement.

Fast facts: The Abu Dhabi Stem Cells Center is the first in the UAE and one of only two centers in the Middle East recognized by the Foundation for the Accreditation of Cellular Therapy, which is considered the leading accreditation organization for cellular therapy programs on a global scale.

7

MOVES

FAB names acting chief risk officer

First Abu Dhabi Bank (FAB) appointed Subramaniyan Iyer as acting chief risk officer, succeeding Pradeep Rana (LinkedIn), according to a statement (pdf). Iyer, who is presently the Deputy Chief Risk Officer at FAB, will hold the role until a permanent successor is chosen by the bank’s board.

Adnoc Distribution appointed a new board for its subsidiary, Abu Dhabi Global Company, for a three-year term, according to an ADX filing (pdf). Bader Al Lamki (LinkedIn), CEO of Adnoc Distribution, will act as director and chairman. Saeed Al Ahbabi (LinkedIn), chief shared services and technical officer of Adnoc Distribution, and Wayne Beifus (LinkedIn), CFO of Adnoc Distribution, also joined the board as directors.

Sharjah Women’s Sports has a new director: Chairperson of Sharjah Women’s Sports and Wife of the Ruler of Sharjah, Sheikha Jawaher bint Mohammed Al Qasimi, appointed Moza Mohammed Al Shamsi as director of Sharjah Women’s Sports, Wam writes.

Tags:
8

UAE IN THE NEWS

From oil to chips

The semiconductor race between Saudi Arabia and the UAE got some ink in Bloomberg ’s inaugural edition of the Mideast Money newsletter, which compared efforts from both GCC countries to boost semiconductor production and forge key partnerships with American tech giants.

9

ALSO ON OUR RADAR

Yahsat to launch its AED 3.9 bn satellites through Musk’s SpaceX

SPACE-

Yahsat’s AED 3.9 bn satellites to launch aboard SpaceX rocket: Abu Dhabi’s Al YahSatellite Communications Company (Yahsat) has tapped SpaceX for the launch of its two new AED 3.9 bn satellites, Al Yah 4 and Al Yah 5, a statement (pdf) reads. Scheduled for launch in 2027 and 2028, the satellites will be sent into space on the US company’s Falcon 9 rocket.

REFRESHER- Yahsat awarded Airbus Defence & Space a AED 3.9 bn contract last month to build the two new satellites. The satellites will replace the currently operational Al Yah 1 and Al Yah 2.

INVESTMENT-

Axa IM Alts opens its first MENA branch in Abu Dhabi: Axa IM Alts, the alternative investments division of France’s Axa Investment Managers (AXA IM) and a subsidiary of Axa, opened its first office in the MENA region in the Abu Dhabi Global Market, according to a statement. The office will focus on raising capital for Axa’s private and alternative asset portfolios. The firm has USD 200 bn in assets under management.

The firm tapped Ammar Bukhamsin (LinkedIn) as co-head of the MENA client group and senior executive officer, and promoted François Boissin (LinkedIn) to co-head.

EDUCATION-

#1- Taaleem to operate Harrow schools in the GCC: UAE-based Education provider Taaleem acquired exclusive rights to own and operate the Harrow International School brand in the UAE, Saudi Arabia, Bahrain, Oman, Qatar, and Kuwait under an agreement it signed with the UK boarding school, according to a DFM disclosure (pdf).

#2- UK Reigate Grammar school is coming to Sharjah: Sharjah-based developer AradaDevelopments signed an agreement with investment firm Bright Capital Investment to build a school campus for the UK’s Reigate Grammar School — the first in the Emirates — at its AED 9.5 bn woodland megaproject Masaar, according to a statement from Arada. The school is slated for launch in 2027 and will have a capacity for 2.7k students. Reigate Grammar Schools are currently operating in Saudi Arabia, China, and Vietnam.

AVIATION-

#1- Flydubai is adding new non-stop flights to two destinations in Iran, with the budget carrier introducing four weekly flights to Kish Island, starting 7 September, and two weekly flights to Kerman, from 9 September, it said in a statement.

#2- Emirates to start flying newly refurbished Boeing 777 jets in August: Emirates will fly its newly refurbished Boeing 777 jets on routes to Geneva starting 11 August, Tokyo Haneda from 1 September, and Brussels, starting 11 September, Wam reports. The upgraded aircraft will see the introduction of more premium economy and business class seats. A total of 81 jets of the same model will be refurbished as part of a revamping program by the airline.

MANUFACTURING-

Eaton to build a sustainable production facility in Jafza: Irish power management company Eaton signed an agreement with Jebel Ali Freezone (Jafza) to build a sustainable manufacturing facility for advanced electrical components used in transmitting power in data centers, buildings, and solar energy plants, among others, Wam reports. The company will also build an R&D center, with construction scheduled to kick off next year and wrap up in 2026.

STARTUPS-

#1- e& will provide tailored telecom services and products to UAE-based startups and entrepreneurs as part of a partnership with Khalifa Fund for Enterprise Development, aimed at supporting the UAE’s startup ecosystem, according to an Abu Dhabi Media office statement. The initiative will be offered to Khalifa Fund members through a designated online platform.

#2- Indian beauty retailer Purplle closed a USD 120 mn funding round led by the Abu Dhabi Investment Authority (Adia), with the possibility of another tranche coming up, the Economic Times reports. Around 70% of this amount was used to buy shares of early investors, including IvyCap, Blume Ventures, and Mumbai Angels. Additionally, 85 Purplle employees liquidated some of their shares through buyback programs. The remaining funds were invested as primary capital for the company’s growth.

Background: We first heard of the funding round in mid-June.

TECH-

G42 data analytics subsidiary Presight and US-based AI company Wand AI partnered to develop and deploy an advanced generative AI platform, which integrates into existing systems to create AI assistants for various industries, including finance, retail, real estate, construction, and legal sectors, according to two separate statements (here, pdf, and here).

TRADE-

Abu Dhabi Chamber of Commerce and ADEX partner to boost exports and support SMEs: The Abu Dhabi Chamber of Commerce and Industry and the Abu Dhabi Exports Office (ADEX) inked a cooperation agreement to boost national export rates and support investors in accessing global markets, according to a statement. Under the agreement, both parties will collaborate to evaluate financing requests from investors and companies, provide funding and guarantees to foreign importers of Emirati goods and services, and organize training programs and events to promote ADEX’s services and enhance local companies’ competitiveness.

INS.-

Africa Specialty Risks sets up shop in DIFC: Africa Specialty Risks (ASR), a reins. group focusing on pan-African and Middle East markets, will open its first office in the region in Dubai International Financial Centre (DIFC) in Dubai, according to a press release. ASR Middle East will offer a range of corporate and specialty ins. services across ASR’s nine business lines, catering to corporates and investors in the region. The new office will be headed by ASR’s head of political violence and terrorism of Africa specialty risks, Zouheb Azam (LinkedIn), who will serve as senior executive officer.

ENERGY-

AIQ and Halliburton partner on advanced AI energy solutions: AIQ, Adnoc’s AI joint venture with G42, will offer its RoboWell autonomous well control (AWC) solution on Halliburton’s Landmark iEnergy hybrid cloud platform under a new agreement, a press release reads.

What’s RoboWell? The solution helps boost production efficiency for gas lifted wells by up to 30%.

10

PLANET FINANCE

GCC sovereign wealth funds lead state-backed investments in 1H 2024

GCC sovereign wealth funds accounted for more than half of the value of all state-backed investments made so far this year, according to GlobalSWF. In 1H 2024, GCC funds including the Abu Dhabi Investment Authority (Adia), Saudi Arabia’s Public Investment Fund (PIF), and Qatar Investment Authority (QIA), backed some USD 52 bn worth of transactions — their largest share since 2009.

Oil revenues bolstered Abu Dhabi funds’ spending: Despite market volatility, Abu Dhabi’s funds, including Mubadala and ADIA, are “more active than ever,” buoyed by windfall from oil revenues, GlobalSWF Managing Director Diego Lopez said.

Leading the pack: Saudi Arabia’s PIF led investment activity globally, expanding its footprint through asset transfers aimed at diversifying the state’s funding sources beyond oil revenues.

In contrast to Middle Eastern funds’ robust momentum, global state-backed funds trimmed their spending. Asian funds such as Singapore’s GIC and Temasek scaled back their investments, a trend that has resulted in an overall decline in state-backed investment compared to 1H 2023.

REMEMBER 2023 was a big year for Gulf wealth funds: GlobalSWF named the GCC the “ region of the year ” on the back of USD 82.3 bn in investment activity in 2023, with assets under management of all GCC funds reaching USD 4.1 tn.

MARKETS THIS MORNING-

Asian markets are mixed in early trading this morning, with the Hang Seng leading the gainers (+1.5% at dispatch time) after taking yesterday off for a national holiday. The Kospi (-0.5%) leads the decliners. US equities futures were uniformly (but gently) in the red in overnight trading, while futures for major European benchmarks were largely flat.

ADX

9,060

0.0% (YTD: -5.4%)

DFM

4,057

+0.7% (YTD: -0.1%)

Nasdaq Dubai UAE20

3503

+0.5% (YTD: -8.8%)

USD : AED CBUAE

Buy 3.67

Sell 3.67

EIBOR

5.0% o/n

5.4% 1 yr

TASI

11,659

-0.2% (YTD: -2.6%)

EGX30

27,970

+0.7% (YTD: +12.4%)

S&P 500

5,475

+0.3% (YTD: +14.8%)

FTSE 100

8,167

0.0% (YTD: 5.6%)

Euro Stoxx 50

4,930

+0.7% (YTD: +9.0%)

Brent crude

USD 86.68

+2.0%

Natural gas (Nymex)

USD 2.48

-4.7%

Gold

USD 2,342.10

+0.1%

BTC

USD 63,250.60

+2.1% (YTD: +49.7%)

THE CLOSING BELL-

The DFM rose 0.7% yesterday on turnover of AED 335.8 mn. The index is down 0.1% YTD.

In the green: Al Salam Sudan (+14.9%), Empower (+6.2%) and United Foods Company (+4.4%).

In the red: Dubai Islamic Ins. and Reins. (-5.9%), Emirates Reem Investments Company (-5.1%) and Agility (-3.0%).

Over on the ADX, the index stayed flat on turnover of AED 1.1 bn. Meanwhile Nasdaq closed up 0.5%.

11

DIPLOMACY

Mali and UAE eye boosting ties

Foreign Affairs Minister Abdullah bin Zayed met with his Malian counterpart, Abdoulaye Diop, to discuss strengthening bilateral ties, including economic and development cooperation, Wam reports.

Environment Minister Amna Al Dahak affirmed the UAE’s commitment to collaborate with BRICS countries to achieve food security and expand food trade during the Brics Ministers of Agriculture and the Brics Environment Ministers Meeting, Wam reported separately.


JULY

8 July (Monday): Islamic new year, national holiday.

AUGUST

3 August (Saturday): UFC Fight Night, Etihad arena, Abu Dhabi.

21-22 August (Wednesday-Thursday): Dubai Business Forum in Beijing, China.

Signposted to happen sometime in mid-August:

  • New regulations around telemarketing calls will go into effect

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

15 October (Tuesday): Deadline for the European Commission to make a decision on its probe into e&’s acquisition of PPF’s Eastern European assets.

24-27 October (Thursday-Sunday): International Sports Medicine Conference, Dubai.

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

29 October – 2 November (Tuesday-Saturday): Abu Dhabi Early Childhood Week, Abu Dhabi.

NOVEMBER

4-7 November (Wednesday-Saturday): ADIPEC, Abu Dhabi.

4-7 November (Wednesday-Saturday): ADIPEC Maritime and Logistics Exhibition and Conference, Abu Dhabi.

4-7 November (Wednesday-Saturday): ADIPEC Decarbonisation Accelerator, Abu Dhabi.

11 November (Monday): Dubai Diamond Conference, Jafza One Convention Centre, Dubai.

18-20 November (Monday-Wednesday): Fastmarkets Middle East Iron & Steel 2024, Dubai.

20-22 November (Wednesday-Friday): Xpanse Abu Dhabi, Adnec Centre, Abu Dhabi

23 November (Saturday): Wireless Festival Middle East, Etihad Park, Abu Dhabi.

27-28 November (Wednesday-Thursday): RAK Energy Summit, Al Hamra International Exhibition and Conference Centre, Ras Al Khaimah.

Signposted to happen ahead of ADIPEC:

  • Changemakers Majlis, Abu Dhabi.

DECEMBER

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

5-8 December (Thursday-Sunday): Formula 1 Etihad Airways Abu Dhabi Grand Prix, Yas Marina Circuit.

8-12 December (Sunday-Thursday): International Desalination and Reuse Association World Congress, Adnec Centre Abu Dhabi.

9-10 December (Saturday-Sunday): The Bitcoin Mena Conference, Adnec Centre Abu Dhabi.

9-12 December (Saturday-Thursday): Abu Dhabi Finance Week, Abu Dhabi.

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

OCTOBER 2025

27-29 October (Monday-Wednesday): Asia Pacific Cities Summit, Dubai Exhibition Centre.

Signposted to happen sometime before the end of the year:

  • Spinneys inaugurates three more stores in KSA

Signposted to happen in 2025:

  • 6-11 April (Sunday-Friday): Geo-Spatial Week 2025, Dubai.
  • 3-4 June (Tuesday-Wednesday): Make-A-Wish International’s Global Wish summit, Abu Dhabi.
  • TBD: The Middle East Electric Vehicle Show, Expo Center Sharjah.

Signposted to happen sometime in 2028:

  • Abu Dhabi to host the 47th Chess Olympiad
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