Adani eyes majority stake in Emaar India

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Kenya, UAE discuss railway extension to Uganda, South Sudan + Trinasolar seeks partner for USD 5 bn solar project

Good morning, friends. The local news cycle has slowed down a bit after a couple of busy days. We have fresh M&A activity, more details on the region’s first commercial-scale waste-to-hydrogen plant, and the ins and outs of the UAE’s EUR 1 bn energy cable agreement with Italy and Albania.

WEATHER- It’s another crisp day in the UAE, with fair to partly cloudy skies and light-blowing winds across the emirates, according to the National Center of Meteorology (pdf). However, humidity will rise at night and tomorrow morning, potentially fogging up windows. The mercury in Dubai will reach 27°C, with a low of 20°C, and will peak at 25°C in Abu Dhabi, before also dropping to 16°C.

WATCH THIS SPACE-

#1- Is crypto mining taxable? The Federal Tax Authority issued a public clarification (pdf) explaining the tax treatment of cryptocurrency mining — mining for your own account is not subject to value-added tax (VAT), while mining on behalf of another person is considered a “taxable supply of services.”

#2- Trina Solar seeks partner for USD 5 bn solar project in UAE: Chinese solar energy firm Trina Solar is on the hunt for a partner to help it set up USD 5 bn integrated solar power generation chain in the UAE, The National reports, citing Vincent Wu, the company's head for the Middle East and Africa. No further details were provided on the project’s estimated cost or timeline. The project was first brought to light in December 2023.

ALSO- The company is looking into setting up manufacturing hubs in the region, with a focus on expanding sales of solar modules and energy storage solutions in the near term, Wu said.

#3- Kenya is in discussions with the UAE to help the country extend its Standard Gauge Railway to connect it with Uganda and South Sudan, Kenyan President William Ruto said on X. Both countries will conduct a feasibility study to evaluate the expansion's potential and economic impact.

ICYMI- The UAE and Kenya signed an economic partnership agreement earlier this week aiming to deepen trade and investment ties, strengthen supply chains, and improve market access across the Middle East and Africa.

PSA-

Time to re-register your drone: All drone certificates issued before 6 January, 2025 will no longer be valid, and owners must re-register their drones via the UAE Drones app, the General Civil Aviation Authority said in a post on X. Drone owners must ensure their drones are equipped with a remote identification system and that the UAE Drones app is used during operation. A training certificate from an accredited center is required, as well as a product status statement from the Industry and Advanced Technology Ministry.

REMEMBER- The Interior Ministry lifted its conditional ban on drone use for individuals on 7 January except for Dubai.

HAPPENING TODAY-

The Abu Dhabi Sustainability Week (ADSW) kicked off on Sunday and runs through to 18 January at the Abu Dhabi National Exhibition Center. The event features 11 events gathering policymakers, industry leaders, and youth to discuss global sustainability solutions and foster collaborations.

Today is the final day of SteelFab at the Expo Center in Sharjah. The event features global brands and exhibitors from 33 countries, focusing on steel fabrication technologies, including manufacturers from the UK, Germany, the US, China, and India.

The Dubai International Project Management Forum wraps up today. The event brought together experts in project management from various countries to discuss innovative approaches to project operations, risk management, and AI applications.

It’s the third and final day of the Light + Intelligent Building Middle East exhibition at the Dubai World Trade Center. The lighting and building technology expo brought together industry experts and government bodies, with attendees from over 90 countries.

The Dell Technologies Forum 2025 is being held today at the Coca Cola Arena in Dubai. The event gives attendees the chance to explore the latest in the tech world and network with industry leaders.

THE BIG STORY ABROAD-

One story is on every front page this morning: Israel and Hamas reached a ceasefire agreement that would pause the war on Gaza and see both sides exchange hostages starting Sunday and for six weeks. The agreement will unfold over three phases, with the first phase seeing the withdrawal of Israeli forces from populated areas of Gaza and a full ceasefire. (Reuters | AP | Bloomberg | FT | CNBC | WSJ | NY Times)

Why now? While ceasefire negotiations have been happening on and off for over a year, the Financial Times claims that president-elect Donald Trump’s threat that there would be “hell to pay” if he took office before the release of the Israeli hostages held in Gaza “injected renewed momentum into the long-stalled talks.”

What’s next? The AP dives into what the agreement means for Israel, Hamas, and the region.

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CIRCLE YOUR CALENDAR-

Nvidia RTX AI GameCraft will take place on 23 January at Emirates Towers Boulevard in Dubai. Hosted by the Dubai Future Foundation in collaboration with Nvidia GeForce Middle East, the event will gather game developers, students, and industry professionals to create innovative games using Nvidia’s RTX AI technology. Some 15 developers will make it to the finals to compete for the top three spots.

The Global Government Cloud Forum will take place on 21 January in the Museum of the Future in Dubai. The forum will see participation from government representatives, private sector organizations, think tanks, and international organizations, including the World Bank’s Cloud Computing Working Group. It includes keynotes, panel discussions, and workshops to facilitate collaboration and knowledge exchange pertaining to cloud-enabled public administration.

The International Conference on Pharma and Medicine will take place between 21-23 January at the Sharjah Research, Technology, and Innovation Park. The event offers a platform for potential collaboration in the pharma manufacturing and healthcare sectors.

The Sharjah Real Estate Exhibition (Acres) will take place between 22-25 January at the Expo Center in Sharjah. The event features networking and business prospects in the property sector, face-to-face discussions with developers and industry experts, and exploration of the latest trends in real estate.

BreakBulk Middle East will take place between 10-11 February at the Dubai World Trade Center. The event will gather over 7.5k professionals from the manufacturing, EPCs, project ownership, and transport sectors, providing ample networking prospects and driving potential customer leads.

The World Local Production Forum will take place between 7-9 April at the Abu Dhabi National Exhibition Center. The World Health Organization event will bring together global leaders to discuss sustainable local production and strategies to enhance access to quality health products.

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

Adani Group could snap up majority stake in Emaar India

Adani Group is in advanced negotiations to acquire a majority stake in Emaar India, a subsidiary of Dubai-based Emaar Properties, in a transaction estimated at AED 1.7-2.1 bn, Delhi-based publication Mint reports citing two people it says are familiar with the matter.

How big of a stake is Adani after? Adani Group is looking to snap up between 70-100% of the Indian developer, likely through Adani Realty, an unlisted entity within the Adani Group.

The final terms of the agreement are still under discussion, one of the sources said. If completed, this acquisition would represent Adani Group's largest purchase in the real estate sector to date.

Remember- UAE ❤️ Adani: The Abu Dhabi Investment Authority invested in Adani Energy Solutions during its USD 1 bn secondary share sale in July of 2024.

IN OTHER M&A NEWS-

Bildco approves sale of steel industry unit for USD 6 mn: Abu Dhabi National Building Materials Company’s (Bildco) board approved a USD 6 mn offer from Egypt-based Al Madina Steel for the production line of its subsidiary Bildco Steel Industries, according to a disclosure (pdf) to the ADX. The board also agreed to look into a proposal from an unnamed company for a potential strategic partnership.

UAE, Italy, and Albania ink EUR 1 bn subsea energy cable agreement

UAE, Italy, and Albania ink EUR 1 bn energy link pact: The UAE, Italy, and Albania signed a EUR 1 bn agreement to set up a subsea cable in the Adriatic to transport renewable energy from Albania to Italy, Italian PM Giorgia Meloni said during the Abu Dhabi Sustainability Week's High-Level Dialogue on Grid Interconnectivity.

Who’s involved? The partnership involves Italian grid operator Terna and National Energy Company (Taqa). The infrastructure is expected to be operational within three years, Reuters cites Albanian Prime Minister Edi Rama as saying.

Part of a wider plan: The three sides inked a tripartite strategic partnership framework to bolster cooperation in renewable energy and energy infrastructure yesterday, Wam reports.

What does it entail? Under the partnership, the three sides will cooperate on the deployment of gigawatt-scale renewable energy projects in Albania, with a focus on solar PVs, wind, and hybrid systems with potential battery storage. A significant share of the generated renewable energy will be transmitted to Italy.

Background: The framework builds on a joint venture term sheet signed by Masdar and Albania state-owned Power Corporation (Kesh) last year, to construct and operate renewable energy projects in Albania.

More on Beeah’s commercial-scale waste-to-hydrogen plant

More on the region’s first commercial-scale waste-to-hydrogen plant: State-backed sustainability firm Beeah unveiled its comprehensive plans for the Middle East's first commercial-scale waste-to-hydrogen plant to be set up in Sharjah’s Al Sajaa area alongside green technology firms, the UK-based Chinook Hydrogen and Japan's Air Water, Wam reports. The project will be developed in collaboration with the Energy and Infrastructure Ministry, with its first phase slated to be commissioned in 2Q 2027.

The plant will produce green hydrogen from municipal solid waste using Chinook Hydrogen’s Rodecs gasification and pyrolysis technology and Air Water's hydrogen refinement solutions. The first phase will produce 7 tons of green hydrogen daily, which is equivalent to 2.6k tons annually, with plans to scale production to a daily 20 tons of hydrogen.

The impact: The plant is set to divert thousands of tons of waste and prevent about 30k tons of greenhouse gas emissions annually.

Years in the making: The three sides entered a joint development agreement to set up the plant back in 2023 during COP28.

Other industrial products are in the plant’s pipeline: The facility will also produce valuable byproducts like biogenic carbon dioxide, which can support alternative fuel production and nitrogen for industrial use.

REMEMBER- Beeah has been keeping busy: The UAE tapped the company to develop a national waste exchange platform to enable the buying and selling of recyclable waste. The firm partnered with the cleantech startup accelerator Catalyst to support startups and fund projects that focus on green mobility and waste management. And last year it unveiled plans to invest AED 500 mn in Egypt’s waste management and sustainability.

Drake & Scull secures AED 152 mn compensation from former executives

Drake & Scull seals case against former management: Drake & Scull successfully finalized its case against former CEO Khaldoun Rashid Tabari and former managing director Saleh Muradweij, after Dubai’s Cassation Court rejected all appeals against a prior judgment to fine the former executives, according to a DFM disclosure (pdf).

The details: The fine amount includes AED 152 mn in damages, plus 5% interest from the date of the final judgment until the full payment is made. The former executives will pay the sum as compensation for the material and moral damages the company incurred under their management. The company initiated the process of recovering the amount, after securing attachments on assets belonging to the former executives.

REFRESHER- The real estate developer received the initial compensation ruling back in July from the Dubai Court of Appeal — it was pursuing claims exceeding AED 2 bn against its former management.

REMEMBER- The company completed its restructuring after raising AED 450 mn in a capital increase and writing off over AED 4.18 bn in debt, leading to the relisting of its shares on the DFM in May. This financial boost was followed by the company turning to the black in 3Q 2024.

CBI’s net income saw a 18% y-o-y jump in 2024

Commercial Bank International (CBI) reported a net income of AED 201.9 mn for 2024, an 18.3% y-o-y increase, according to the company’s financial statements (pdf). Total revenues rose 29.4% y-o-y to AED 703.2 mn, driven by higher business volumes and the resolution of legacy issues, according to its earnings release (pdf). The lender attributed its “strong financial performance” to implementing new regulatory requirements for credit risk management, alongside improved cost efficiencies and effective balance sheet management.

The lender’s net interest income and income from Islamic financing and investing assets declined by 3.2% y-o-y to AED 344 mn during the same period.

Executive changes at FAB + Al Hilal Bank names new CEO

Executive shuffle at FAB: First Abu Dhabi Bank (FAB) is set to see the departures of Sameh Al Qubaisi (LinkedIn), head of global markets, and Suhail Bin Tarraf (LinkedIn), COO, Reuters reports, citing unnamed sources with knowledge of the matter. An internal communication reportedly informed employees of the two senior execs’ resignation earlier this week. Azzam Anani (LinkedIn) and Claudio Quadarella (LinkedIn) will temporarily fill the global markets head and COO roles, respectively.

AND- Al Hilal Bank appointed Jamal Al Awadhi (LinkedIn) as its new CEO, according to a press release. Awadhi, who previously served as the deputy CEO, brings more than 20 years of senior leadership experience to the role. Before joining Al Hilal Bank, he was Chief Operating Officer at Wio Bank and CEO at Abu Dhabi Media.

ENEC expands into nuclear consulting

ENERGY-

#1- ENEC expands into nuclear consulting: The Emirates Nuclear Energy Company (ENEC) launched ENEC Consulting, a new advisory arm to help countries and organizations set up peaceful and sustainable nuclear energy programs, according to the Abu Dhabi Media Office. ENEC Consulting will provide guidance in areas such as project management, regulatory frameworks, and workforce development.

#2- GE Vernova expands operations in Sharjah’s SAIF Zone: General Electric’s energy spinoff GE Vernova opened a new warehouse in the Sharjah Airport International Freezone, Wam reports. The facility will focus on the distribution of spare parts and the repair and maintenance of the electricity sector equipment — including wind turbines and solar and hydropower infrastructure.

INVESTMENT-

#1- Investindustrial sets up shop in ADGM: European investment group Investindustrial inaugurated its Abu Dhabi office in ADGM, after securing a Financial Services Permission from ADGM’s Financial Services Regulatory Authority, according to a press release. The license allows the company to provide financial services from ADGM, including advisory, fundraising, and marketing. The new office will act as a hub for the company’s operations in the Middle East and Asia.

We already knew this was happening: Investindustrial agreed to establish a presence in the ADGM, after Abu Dhabi Catalyst Partners, a JV between Mubadala Capital and Alpha Wave Global, invested an undisclosed amount last year in the initial closing of Investindustrial's eighth private equity fund.

#2- Investment platform Wio Invest will now offer recurring orders for Lunate Chimera ETFs under a new partnership between the two, allowing investors to automate weekly or monthly purchases of Chimera ETFs in AED at a predetermined amount, Wam reports.

REAL ESTATE-

#1- Dubai Investments’ real estate arm launched a AED 400 mn residential project, Asayel Avenue, according to a press release (pdf). The project will feature 193 residential units, including one- to three-bedroom apartments. Construction is scheduled to start in 2Q 2025 and wrap up two years later.

#2- Meydan awarded a AED 529 mn contract to Bhatia General Contracting to build the Naya residential towers at District One in Mohammed bin Rashid Al Maktoum City, according to a press release. The project will feature 456 one- to four-bedroom apartments and lagoon villas and is scheduled for completion by 3Q 2027.

SPACE-

State-owned space tech firm Space42 deployed the second phase of its Foresight satellite constellation, developed in partnership with Finish satellite manufacturer ICEYE, according to a press release (pdf). The next-generation Synthetic Aperture Radar (SAR) spacecraft was launched aboard SpaceX’s Transporter-12 Rideshare mission from California’s Vandenberg Space Force Base on Tuesday, with integrator support from Exolaunch.

The Foresight-2 satellite joins its predecessor Foresight-1 in orbit, enhancing Space42’s geospatial capabilities with faster and more precise data insights. The advanced SAR system provides high-resolution imaging of Earth’s surface regardless of weather or lighting conditions, enabling real-time tracking of small objects and surface changes.

FINANCE-

Equiti Group’s new investment fund gets the green light: Dubai-based fintech firm Equiti Group received preliminary approval from the Securities and Commodities Authority to launch a new investment fund, the Equiti Global Balanced Fund, it said in a statement. The new offering is part of the company’s latest product line Equiti Wealth, which facilitates investors’ access to “professionally managed” investment funds, starting with investments as little as USD 1k.

INFRASTRUCTURE-

DP World to help boost green ammonia, methanol exports: DP World and India's AM Green inked an MoU that will see them set up the necessary infrastructure to facilitate the global export of 1 mn tons of green ammonia and methanol annually, according to a statement (pdf). Under the partnership, the two sides will build infrastructure in the UAE, the EU, and the Far East region, work on developing refueling stations for green ammonia and methanol in Dubai, India, and Southeast Asia, as well as port facilities at AM Green's industrial clusters in India.

CRYPTO-

DMCC to get a Crypto Tower to boost Dubai’s Web3 ecosystem: The Dubai Multi Commodities Centre (DMCC) partnered with software developer REIT Development to build a 17-storey Crypto Tower in the DMCC to support its growing blockchain, DeFi, and Web3 community, DMCC said in a statement. The project is scheduled for completion by 1Q 2027. The Crypto Tower will feature 150k square feet of leasable office spaces for crypto startups, established businesses, blockchain incubators, and VC firms, among others.

STARTUPS-

Opteam secures pre-seed funding: UAE-based Opteam, an AI-powered construction management software, closed an undisclosed pre-seed funding round led by Abu Dhabi-based Plus VC and with participation from Dar Ventures, SIAC Ventures, and Oraseya Capital, according to a press release. The startup will use the funds to enhance its AI solutions, grow its staff, and expand its operations in the UAE and Saudi Arabia.

More about Opteam: Opteam’s software streamlines project management for businesses in the construction sector, using advanced data analytics, mobile progress tracking, and automation tools. It offers real-time insights to optimize resources, monitor site progress, and recover project delays.

FINTECH-

Magnati, India's NPCI to roll out payment solutions targeting Indian travelers: Homegrown payment solutions provide Magnati partnered with Indian state-owned NPCI International to implement a QR-based unified payments interface for merchants using Magnati POS channels, according to a press release. The move aims to facilitate payments for Indian travelers.

Crypto hedge funds fell short of BTC’s 120% rally in 2024

Crypto hedge funds underperform BTC in 2024 despite strong returns: While 2024 was a strong year for crypto, with BTC surging 120% to exceed USD 100k, crypto-focused hedge funds gained just 40%, struggling to keep up with BTC’s pace, Bloomberg says, citing data from the VisionTrack Composite Index.

The year saw significant volatility, with crypto funds facing 20-30% drawdowns in spring and summer. However, most gains occurred in the final quarter, fueled by improved sentiment and the election of crypto-friendly US president-elect Donald Trump, which propelled BTC to fresh highs.

Crypto hedge funds faced stiff competition from low-fee, BTC-focused ETFs, which offered investors a cost-effective alternative to high-fee fund strategies. BTC and memecoins dominated the market, leaving little room for other digital assets to compete, Reflexive Capital CIO David Kalk noted.

Hedge funds struggled with timing BTC’s performance due to their need to manage risk-sensitive drawdowns. “In the hedge fund world, drawdowns are quite sensitive and so you can’t just always be fully exposed long,” Tread.fi CEO David Jeong said to Bloomberg.

Best performing strategies and leading funds: Directional and quantitative strategies led the way in 2024. The VisionTrack Quant Directional Index rose 53.7%, while Galaxy Digital’s Alpha Liquid Fund gained 76.6%. ProChain Master Fund achieved a 70% return by focusing on large-cap tokens like Bitcoin, outperforming altcoin-centric funds. Fundamental research funds — which rely on research in tokens and blockchains — also performed well in general, as US-based Reflexive Capital posted 106% net returns.

ADX	9513	+0.2% (YTD: +1.0%)
DFM	5251	+0.1% (YTD: +1.8%)
Nasdaq Dubai UAE20	4293	+0.2% (YTD: +3.1%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	4.2% o/n	4.4% 1 yr
TASI	12,212	+0.3% (YTD: +1.5%)
EGX30	29,390	+1.5% (YTD: -1.2%)
S&P 500	5950	+1.8% (YTD: +1.2%)
FTSE 100	8301	+1.2% (YTD: +1.6%)
Euro Stoxx 50	5032	+1.0% (YTD: +2.8%)
Brent crude	USD 82.03	+2.6%
Natural gas (Nymex)	USD 4.11	+0.5%
Gold	USD 2720.80	+1.4%
BTC	USD 99,659.60	+3.3% (YTD: +6.6%)

THE CLOSING BELL-

The ADX rose 0.2% yesterday on turnover of AED 1.2 bn. The index is up 1.0% YTD.

In the green: Abu Dhabi Ship Building Co. (+11.1%), Americana Restaurants International (+5.3%) and Aram Group (+3.9%).

In the red: Gulf Cement Co. (-3.8%), The National Bank of Ras Al Khaimah (-3.4%), and Hayah Ins. Company (-2.9%).

Over on the DFM, the index rose 0.1% on turnover of AED 636.7 mn. Meanwhile, Nasdaq Dubai rose 0.2%.

UAE mediated the first prisoners exchange between Russia and Ukraine in 2025

The UAE mediated the first prisoner exchange between Russia and Ukraine in 2025, with the two countries swapping 25 prisoners each, according to a Foreign Ministry statement. The total number of captives swapped through UAE mediation exceeded 2.4k over the course of the ongoing conflict. The story also got ink in Reuters.

ALSO- UAE-Uzbekistan discuss strengthening ties: President Sheikh Mohamed bin Zayed Al Nahyan met with President of Uzbekistan Shavkat Mirziyoyev in Abu Dhabi yesterday and talks centered around cooperation in areas such as trade, investment, renewable energy, and sustainability, Wam reports. The two leaders also touched on regional and global security issues and emphasized the need for cooperation to promote stability.

Lots of UAE-Uzbekistan cooperation ahead: Foreign Affairs Minister Sheikh Abdullah bin Zayed Al Nahyan inked several agreements with his Uzbekistani counterpart Bakhtiyor Saidov during the visit, Wam reports. The agreements span sectors including industry, technology, diplomacy, culture, investment protection and promotion, mining, agriculture and food security, defence and security industries, and justice.

ALSO WORTH NOTING-

UAE-Japan space partnership: The Emirati and Japanese sides discussed boosting cooperation in the space sector under a planned memorandum of cooperation. (Wam)
Finnish PM Petteri Orpo inaugurated the new Finnish Embassy headquarters in Abu Dhabi. (Wam)

CALENDAR

JANUARY

13-16 January (Monday-Thursday): SteelFab, Expo Center, Sharjah.

14-16 January (Tuesday-Thursday): Security Leader’s Summit 2025, Dubai World Trade Center

14-16 January (Tuesday-Thursday): World Future Energy Summit, Abu Dhabi National Exhibition Centre (ADNEC).

14-16 January (Tuesday-Thursday): Youth 4 Sustainability (Y4S) Forum and Hub, Abu Dhabi.

15-16 January (Wednesday-Thursday): iFX Expo, Dubai World Trade Center.

16 January (Thursday): Green Hydrogen Summit, Abu Dhabi.

16 January (Thursday): Zayed Sustainability Prize Forum & Investor Connect, Abu Dhabi.

13-16 January (Monday-Thursday): The Dubai International Project Management Forum, Madinat Jumeirah.

14-16 January (Tuesday-Thursday): World Energy Summit, Abu Dhabi.

14-16 January (Tuesday-Thursday): The EcoWaste Exhibition and Forum, Abu Dhabi National Exhibition Center, Abu Dhabi.

14-16 January (Tuesday- Thursday): The Light + Intelligent Building Middle East exhibition, Dubai.

14-16 January (Tuesday- Thursday): Intersec, Dubai World Trade Center, Dubai.

19-24 January (Sunday-Friday): Coling2025, Abu Dhabi.

20-22 January (Monday-Wednesday): FESPA Middle East, Dubai World Trade Centre, Dubai.

20-22 January (Monday-Wednesday): The Fiber Connect Council Conference and Exhibition, Dubai World Trade Center, Dubai.

21 January (Tuesday): The Global Government Cloud Forum, the Museum of the Future, Dubai.

21-23 January (Tuesday-Thursday): The International Conference on Pharmacy and Medicine, The Sharjah Research, Technology, and Innovation Park, Sharjah.

23 January (Thursday): The Nvidia RTX GameCraft, Emirates Towers Boulevard, Dubai.

22-25 January (Wednesday-Saturday): The Sharjah Real Estate Exhibition (Acres), Expo Centre, Sharjah.

27-30 January (Monday-Thursday): Arab Health Exhibition, Dubai World Trade Centre, Dubai.

28-29 January (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

FEBRUARY

1-6 February (Saturday-Thursday): Dubai Fashion Week, Dubai Design District.

1-8 February (Saturday-Saturday): The Mubadala Abu Dhabi Open, Zayed Sports City's International Tennis Centre.

2-3 February (Sunday-Monday): L’Etape Dubai cycling race, Dubai.

3-6 February (Monday-Thursday): Medlab Middle East, Dubai World Trade Center.

7 February-29 April (Friday-Tuesday): The Abu Dhabi Festival, Abu Dhabi.

10-11 February (Monday-Tuesday) MRO Middle East and Aircraft Interiors Middle East, Dubai World Trade Center.

10-11 February (Monday-Tuesday): BreakBulk Middle East, the Dubai World Trade Center.

10-12 February (Monday-Wednesday): Japan Kyoto Trade Exhibition, Dubai Word Trade Center.

14 February (Friday): The deadline for the consultation period for the Securities and Commodities Authority's draft regulation on security tokens and commodity tokens.

16 February-1 March (Sunday-Saturday): Dubai Dutyfree Tennis Championships, Dubai Dutyfree Tennis Stadium in Al Garhoud.

16 February (Sunday): The International Defence Conference,The Emirates Palace, Abu Dhabi.

17-21 February (Monday-Friday): International Defence Exhibition (IDEX) in Abu Dhabi National Exhibition Center.

17-21 February (Monday-Friday): Naval Defence Exhibition (NAVDEX) in Abu Dhabi National Exhibition Center.

17-22 February (Monday-Saturday): Gulfood, Dubai World Trade Center.

19-21 February (Wednesday-Friday): International Dialogue of Civilizations & Tolerance Conference, Abu Dhabi Energy Centre.

24-25 February (Monday-Tuesday): World Passenger Experience Forum, Dubai.

24-26 February (Monday-Wednesday): Connecting Hydrogen MENA, Dubai.

28-29 February (Friday-Saturday): Investopia 2024, the St. Regis, Abu Dhabi.

28 February-29 March (Friday-Saturday): Ramadan.

Signposted to happen sometime in 1Q 2025:

The first eight fronds of the Palm Jebel Ali will be site-ready, allowing for the commencement of villa infrastructure and civil works.

MARCH

18-19 March (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

31 March-2 April (Monday-Wednesday): Eid Al Fitr, national holiday.

APRIL

1 April (Tuesday): New ADGM employment regulations come into effect.

1 April (Tuesday): New personal status law comes into effect.

6-11 April (Sunday-Friday): Geo-Spatial Week, Dubai.

7-10 April (Monday-Thursday) : EFG Hermes One on One conference, Dubai.

7-9 April (Monday-Wednesday): AIM Investment Summit, Abu Dhabi National Exhibition Center

7-9 April (Monday-Wednesday): Middle East Energy, Dubai World Trade Center.

7-9 April (Monday-Wednesday): World Local Production Forum's 3rd edition, Abu Dhabi National Exhibition Center.

14-16 April (Monday-Wednesday): Dubai Woodshow’s 21st Edition, Dubai World Trade Center

14-16 April (Monday-Wednesday): IPS congress, Dubai World Trade Center.

16-18 April (Wednesday-Friday): World Future Energy Summit,Abu Dhabi National Exhibition, Abu Dhabi.

21-25 April (Monday-Friday): The Dubai AI Week, Museum of the Future and Area 2071, Emirates Towers, Dubai.

25 April-11 May (Friday-Sunday): Dubai Esports and Games Festival, Dubai World Trade Center.

28 April-1 May (Monday-Thursday): The Arabian Travel Market, Dubai World Trade Center

Signposted to happen sometime in April:

Abu Dhabi Autonomous Racing League, Yas Marina Circuit in Abu Dhabi

MAY

6-7 May (Tuesday-Wednesday): Global Ports Forum, Dubai.

6-7 May (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

13-16 May (Tuesday-Friday): International Union for Health Promotion and Education Conference, Abu Dhabi.

13-15 May (Tuesday-Thursday): Cabsat Middle East and Satellite Middle East, Dubai World Trade Center.

15 May (Thursday): The Economy Middle East Summit, ADGM, Abu Dhabi.

16-18 May (Friday-Sunday): GISEC, Dubai World Trade Center.

19-22 May (Monday-Thursday): Make it in the Emirates, Adnec, Abu Dhabi.

20-22 May (Tuesday-Thursday): Seamless Middle East 2025, Dubai World Trade Center.

26-28 May (Monday-Wednesday): Arab Media Summit, World Trade Center, Dubai.

30 May (Friday): Arafat Day.

31 May-2 June (Saturday-Monday): Eid Al Adha.

Signposted to happen sometime in May:

Asean and GCC summit, Malaysia.

JUNE

17-18 June (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

24-25 June (Tuesday-Wednesday): Middle East Rail, Dubai World Trade Center.

27 June (Friday): Islamic New Year.

Signposted to happen sometime in 2H 2025:

Closing of XRG's acquisition of Covestro

JULY

29-30 July (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

SEPTEMBER

8-10 September (Monday-Wednesday): DigiHealth exhibition, World Trade Center, Dubai.

16-17 September (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

24-25 September (Wednesday-Thursday): Mohammed Bin Rashid Leadership Forum, Mohammed Bin Rashid Center for Leadership Development, Dubai.

OCTOBER

3-16 October (Friday-Thursday): Dubai Home Festival.

9-15 October (Thursday-Wednesday): IUCN World Conservation Congress, Abu Dhabi.

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

28-29 October (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

NOVEMBER

18-19 November (Tuesday-Wednesday): Dubai Future Forum, Museum of the Future, Dubai.

DECEMBER

1-3 December (Monday-Wednesday): Eid Al Etihad (UAE National Day).

1-5 December (Monday-Friday): The World Congress of Neurosurgery, Dubai World Trade Center.

9-10 December (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

Signposted to happen sometime in 2025:

The Middle East Electric Vehicle Show, Expo Center Sharjah.
e& will complete Adnoc’s private 5G network.
Executive Committee Meeting (EXCOM 2025) conference of the World Smart Sustainable Cities Organisation (WeGO)
The International Civil Aviation Organization’s Global Implementation Support Symposium, Abu Dhabi.
Universal Postal Congress 2025, Dubai.

Signposted to happen sometime in the fall of 2025:

2025 Games of the Future, Dubai.
ICOM General Conference 2025, Dubai

Signposted to happen sometime in 2026:

The UAE to host the Arab Competition Forum
Dubai to host the Arab Actuarial Conference
United Nations Water Conference 2026, UAE
9-11 January (Friday-Sunday): 1 Bn Followers Summit’s fourth edition, UAE

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