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Agriculture
More focus on homegrown food, Kraken makes its comeback as Al Mazaya wants out, EFG launches liquidity services
AG Group partnered with the Abu Dhabi Agricultural Club as Abu Dhabi targets producing 70%…
Emirati agri players take their investments overseas, Arada’s plans for Australia and Dana Gas’s for graphene are put to work, New Mountain lands in ADGM
Elite Agro Holding will channel AED 660 mn into farms across the UAE, Morocco, and…
Abu Dhabi wants to more than double food self-sufficiency by 2040
The new strategy needs a 3.6x jump in the farm economy, and private capital to…
THIS MORNING: War wipes third of DXB’s passenger traffic in 1H + Adnoc vessels on Iran’s blacklist
Plus: Mubadala in for a Shein haul as IPO brings lower valuation
Automotive
Nishimura & Asahi makes it official in Dubai, more UAE investments in India, ADI Chain eyes a sukuk push, logistics players expand and extend
The Japanese law firm has been active in the emirate for over a decade already
Abu Dhabi Investment Council taps new CIO for private equity + Al Masaood taps its auto CEO as interim group boss
Tansel will stay on as CEO of Al Masaood Automobiles, the authorized Nissan, Infiniti and…
Adia pledges USD 5.7 mn to anchor Dhoot’s IPO
Two of Adia’s investment vehicles allotted a combined 574k shares at INR 871 apiece
BlueFive Capital backs VC HOF Capital’s acquisition of a stake in Bugatti
Abu-Dhabi based investment firm BlueFive Capital is the largest investor in the HOF Capital-led consortium
Banking
Oaktree-backed Pure DC lines up USD 1.9 bn financing framework, adding FAB to its lenders
Banks offered better terms than the bond market, and the new debt is meant to…
Al Etihad Payments, Bank of Sharjah make executive appointments
Digital banking veteran takes charge as AEP expands adoption of Aani and Jaywan
Mashreq posts a record nine months as recoveries flow in, while FAB’s impairment charges climb and Borouge and DFM feel the conflict’s drag
Mashreq released provisions as FAB added to them, and Borouge’s rerouted shipments around Hormuz hiked…
Absa opens in DIFC + DFSA fines Moody’s for data privacy failings
South Africa’s third-largest bank is hoping to tap into the growing Gulf-Africa trade
Capital markets
Dubai Investments prices DIP Holding mid-range at AED 1.12
The company says the price is meant to support a “strong and sustainable aftermarket,” despite…
Abu Dhabi leads GCC losses as UAE stocks snap winning streaks in October
Abu Dhabi falls 6% as Dubai trading activity slumps; regional selloff deepens
Dubai’s new tokenized fund for UK law firms targets a 16% annual return
The fund has no commitments yet and is aiming for a GBP 50 mn first…
DIP sets lower price range for IPO — and books were covered within minutes
A stabilization manager is on standby in case the shares slip below the offer price…
Climate
Abu Dhabi’s Khazna solar project awards EPC contract to China’s SEPCO3
Plus: Dubai is getting a new car trading hub
Dubai’s Bybit sets up EU HQ in Vienna
Egypt’s Madinet Masr expands to UAE, UAE signs three-way push for agriculture, upskilling, and investment…
THIS MORNING: Adnoc to sell stake in Adnoc Gas? + Four-day weekend confirmed
Plus: UAE ranks fifth in the world for AI
Climate change behind the intensity of last week’s storm
PLUS: How G42 fits into the US-China tech race
Commodities
Commodity prices are set to rise 23% this year, and the World Bank sees relief for energy in 2027, but not for food
Energy leads with a 32% jump, food adds 10%, and metals go to a record.…
UAE contractors back away from fixed-price contracts as materials costs climb
Work already underway is still moving, but contractors want clients to carry the price swings
DMCC joins Dubai’s family wealth race with new foundations regime
The new structure lets families set the rules for managing and passing on wealth, with…
More wheat for Egypt, India’s SEPC to acquire Wintality, Channel Capital backs SME lending platform, and GMNSM raises USD 2 mn
Abu Dhabi-based Al Dahra has begun implementing a five-year wheat supply agreement with Egypt worth…
Construction
UAE project awards fall 26% in 3Q as construction contracts plunge
The UAE still grew its share of a shrinking GCC projects market to 33%, as…
Spotmix brings UAE’s first mobile concrete mixer — and a license Dubai didn’t have a year ago
The self-funded company wants to reach 20 trucks and eventually build them in the UAE
Dubai Holding hands out record contract, DP World joins Cochin Shipyard in JV, BlueFive wraps up Porsche stake takeover, DDSC rolled out at PoS locations, Umm Al Quwain and Sri Lanka eye freezone cooperation
China State Construction Engineering Corporation Middle East secured an AED 5 bn contract for a…
Sidara locks in USD 1.35 bn in financing — and sets itself up for more down the line
The facility could be upsized to USD 1.55 bn later on
Crypto
Arab Bank Switzerland adds a crypto twist to its UAE expansion
The lender already established a Dubai footprint earlier this year
THIS MORNING: CMA eyes a safety net for investors + Emaar Properties eyes 100% of Emaar Development
Brookfield, Lunate eye luxury real estate with new platform
Adia buys into USD 1.4 bn of Avolon’s leased jets through a new leasing platform with I Squared
Adia is taking a stake in USD 1.4 bn worth of jets
AD Ports + MultiBank appoint new CEOs
The appointment coincides with a digital asset push
Development finance
IMF sees GCC’s non-oil economy shrinking 0.8% this year as war spreads beyond oil
The 9.1% rebound the IMF expects in 2027 won’t make up the lost ground. Gulf…
IMF flags AI leverage, bond yields, and cyber attacks as threats to market calm
The fund also sees softer points in pension funds with illiquid holdings and EMs drawing…
IMF is less bearish on UAE than most forecasters, says buffers are holding
The UAE’s balance sheet is buying it room, but the non-oil slowdown and softer real…
ADFD lends AED 376 mn loan for Tajikistan hydroproject
ADFD’s Rogun loan adds to the UAE’s growing investment footprint in Tajikistan and Central Asia
E-commerce
New hires at Deutsche Bank, Deliveroo, DCT
Deutsche Bank has moved three of its senior bankers to Dubai
Neopay buys into noon payments to fuel regional expansion
A 65% stake in noon payments gives the Dubai-based payments firm a launchpad into Saudi…
Talabat, EGA, Dewa, and Adnic report earnings
An investment push weighed on Talabat’s 2Q earnings even as revenue grew
Uber’s USD 14.8 bn bid for Delivery Hero set to hand it indirect control of DFM-listed Talabat
The takeover is expected to close in 2H 2027, subject to the minimum acceptance threshold…
Education
THIS MORNING: UAE revives France’s fighter jet development program + more Emiratization for private sector
Plus: Creditors come knocking at UAE Exchange’s door
Taaleem’s FY 2025/26 earnings fall 22% as expansion costs offset enrollment growth
Taaleem’s top line hit a record, but higher financing and depreciation costs pulled FY earnings…
THIS MORNING: Wartime loan deferrals reach AED 15.9 bn + ADIB shareholders give thumbs up to rights issue
Plus: UAE-based school operator Alephya eyes KSA’s Ajialuna
Gems Education is opening 5k new school seats this September despite conflict-driven construction delays
Dubai’s Gems Education is wagering on affordable schools, not premium ones, to weather regional instability
Energy
THIS MORNING: Worst tech rout in years reaches Asia + Adipec wraps with USD 67 bn in agreements, an Adnoc financing agreement, and a possible Abu Dhabi “virtual pipeline”
Axis says Guinea failed to pay a USD 200k advance for administrative and tribunal expenses
Pearl Petroleum upsizes its bond to USD 500 mn at cheaper rate than it paid two years ago
The extra USD 150 mn adds only c. USD 6.4 mn a year in interest…
THIS MORNING: Adnoc Gas has a potential new buyer for incoming extra supply + Is a third Hormuz bypass on the way?
Gulf oil market is showing signs of a surplus
Adnoc’s XRG buys Shell’s North West Shelf stake for USD 1.4 bn, its first foothold in Australian LNG
The acquisition includes upstream gas interests, pipeline and midstream infrastructure, and associated offtake arrangements
Finance
The war made the Gulf more attractive to Swiss quant house Finreon
The firm is readying a shariah-compliant strategy, eyeing launch by year-end
HSBC taps Sami Abouzahr to run its Middle East wealth business
The bank recently opened its first wealth center in Dubai
Janus Henderson reaches second close on shariah-compliant MENA private credit fund
The fund added USD 65.5 mn in a year as it chases Gulf mid-market borrowers
BlueFive Capital buys into Indonesian shariah fund manager Majoris
The acquisition gives BlueFive a direct line to 700k Indonesian retail investors
Fintech
Investors are backing AI-native UAE banks, and Islamic finance could gain the most
The central bank’s rules mean a human still owns every decision, which sets the limit…
Tabby’s valuation reaches USD 6.5 bn following USD 233 mn funding round
But the fintech is biding its time for an IPO
An AI-focused industrial venture + CBUAE clears KamelPay
Robo.ai and Eleven International Holding are rolling out Alif Holding, targeting critical industries
DP World builds out Saudi network + Epic Markets raises USD 10 mn
DP World opened the 15.25k sqm facility in Riyadh’s Al Mashael Logistics Hub
Food
Creative Investments Holding targets heritage food brand after USD 20 mn first close
The new vehicle, being set up through Mohamed Talaat’s Leo Equities, is eyeing a heritage…
AHS plans AED 25 bn mixed use project, Al Bayader is building a packaging and logistics hub in Dubai, and CBD’s new gold product
Plus: Ecohope Solar is buying 600 MW of Trina Solar’s solar PV modules
THIS MORNING: More names are expanding in ADGM + is Mubadala eyeing a play for a European fast-food giant?
Plus: Dubai’s giant circular farm is nearing its first harvest
Inside the routine of the founder who watched Dubai become a global re-export powerhouse from the ground up
Far Way founder Suraj Gautam on Dubai’s rise as a re-export hub, disrupted trade routes,…
Healthcare
GFH exits again, Mubadala’s Moeve exits oil and gas, PureHealth goes shopping, M42 Bahrain gets a helping hand
GFH Partners made its fifth logistics exit in six years with a USD 113 mn…
Amanat enters UK healthcare market with GBP 76 mn Cornerstone acquisition
The acquisition takes Cambridge Health Group past 1k beds just four months after Amanat took…
UAE is Novo Nordisk’s launchpad for a 70-country GLP-1 push
The drugmaker has stacked a pill launch, a Gulf affiliate, and a distribution center in…
NMDC and Aramco tie-up deepens,, more healthcare agreements, an advertising M&A, and awards for Tasreef
NMDC Energy secured EPC projects worth USD 763.3 mn from Saudi Aramco
Infrastructure
THIS MORNING: Canada investment pledge starts to move + Adnoc’s Hormuz bypass could be opening within months
Plus: The Philippines is in talks with the UAE, KSA, and Kuwait, about storing crude…
THIS MORNING: Mubadala eyes stake in Italian telecom giant + Softbank’s Masayoshi Son sounds out GCC investors for AI fund
Plus: Airtel Money shares slip on IPO debut
THIS MORNING: Mubadala eyes investment in Italian gas turbine maker + a settlement to the Paramount antitrust lawsuit could be on the way
Plus: SIB taps advisors for sukuk offering
UAE investors are pouring bns in Syria — but the bottlenecks aren’t far behind
Analysts warn that contractors, power, financing, and administrative capacity could become the next bottlenecks
Hospitality + tourism
Fuel hedges, cheaper debt, and investment gains carry Emirates, Empower, and IHC through a war-hit quarter
Emirates’ results were its first with the full cost of the conflict showing through
THIS MORNING: Sharjah doubles its gas production + Indonesia turns to the UAE for fuel supplies amid disruption at home
Plus: Could a clamp down on loan hopping be on the way?
UAE economy contracts 2.1% in 2Q as war hits non-oil activity
Tourism, transport, and trade took a hit as non-oil GDP shrank 1.1%, leaving first-half economic…
Justyn Cánovas is turning his idea of a good weekend into a festival business
The MOC27 executive on the risks of launching a festival, finding a morning rhythm around…
Law
THIS MORNING: UAE is lining up another USD 25 bn in investment for India + regional crude exports on track for strongest month since war began
Plus: The AI rollout is coming to Abu Dhabi courts
Al Tamimi & Co, Baker McKenzie among 20 law firms awarded Chambers Middle East Awards
Baker McKenzie took home Real Estate Law Firm of the Year, while Al Tamimi &…
Dechert recalls Phillip Sacks to head Dubai office again
Sacks returns to the firm after almost two and a half years in White &…
Culture, lifestyle, and capital: Philip Khinda on the pulls bringing wealth managers and their advisors to the capital
In the UAE, it’s like you had a clean sheet of paper, and you could…
Manufacturing
Fertiglobe weighs a USD 1.5 bn-plus phosphate fertilizer complex in Ain Sokhna
The Adnoc-controlled producer is eyeing 1.3 mn tonnes a year of DAP by 2031, adding…
THIS MORNING: Mubadala-backed GlobalFoundries lands Japan-funded New York chip plants + UAE pumps record oil volumes in September
Plus: UAE pumps record oil volumes in September
Dubai warehouse tenants are staying put — and riding out the war before committing to more space
New leasing has slumped even as rents keep rising, but incoming supply may not be…
The defense sector’s evolving import-export strategy
The war has made the UAE's defense industry look like a self-reliance story. Iranian drone…
Media
Investors are circling the region’s undermonetized IP
A new wave of UAE capital is treating overlooked entertainment IP as the region’s next…
IPNation launches music and entertainment-focused investment platform
The platform will invest in intellectual property for Arabic music and entertainment
CineNow picks the UAE as HQ for a push to tokenize India's film industry
The firm has raised 60% of its targeted USD 150 mn fund so far
THIS MORNING: Another Adnoc vessel passes through Hormuz + Adnoc wants to hit the gas on unconventional gas project
PLUS: Adnoc Drilling targets a 50-50 revenue split from manufacturing and drilling
Mining
THIS MORNING: IRH and Zambia move past mining spat + DAE taps Asian banks for USD 2.1 bn in funding
Plus: Kuwait studies access to a pipeline route through the UAE to Fujairah
THIS MORNING: Paramount wraps up its Gulf-backed WBD takeover + IRH circles Irish titanium miner Kenmare Resources again
Plus: Is Adia thinking of backing ByteDance?
Why European central banks are relocating gold reserves out of North America
The Dutch and French central banks have tapped London to take on their goal as…
Zambia’s state miner accuses Abu Dhabi’s IRH of breaching Mopani deal, threatens arbitration
The dispute over Mopani is the second time in a year that an Abu Dhabi…
NBFS
Homegrown flexible staffing solutions provider Orgam secures USD 3 mn investment from Tenami capital
ALSO- Georgia-based real estate developer Mardi Holding will expand into the UAE market
Al Ansari + Abhi to introduce early salary access, SNPL services
ALSO- Drake & Scull is joining forces with El Amar Group to collaborate on projects…
RTA awards AED 696 mn contract for Trade Center roundabout development
Adnec Group signed an agreement with the Ewec to secure 100% of Adnec Center Abu…
Emirates Reem Investments acquires stakes in two firms
Spinneys will build a food processing facility in Dubai
Oil + gas
Total comes back for more from Adnoc, Adia takes a slice of Tunisia’s Vermeg, Hoxton Wealth secures outside investment
Adnoc Gas will supply 1.6 mn tons of LNG to TotalEnergies
Regional war expected to wipe 150 bn cbm off LNG supply through 2030, keeping the market tight into 2027
Global LNG supply is set to fall 3% this year, its steepest annual decline on…
THIS MORNING: Fitch upgrades Abu Dhabi’s growth forecast + UAE fuel prices finally hit the brakes
Plus: Orascom-OCI merger gets a timeline
THIS MORNING: Adipec loses out on Exxon, Chevron execs as fears of regional escalation mount
Plus: Authorities see the UAE-Canada CEPA as adding USD 8.7 bn to GDP by 2033
Petrochemicals
Adipec day three: Movement on petrochems, oil and gas, and SAF projects in the UAE
Ta’ziz, Brooge, Mubadala Energy, and others advance key projects
Emaar plans another big-ticket investment in Egypt
Plus: Space42 makes Thuraya 4 satellite globally available
Adnoc L&S to build, own, and operate T’aziz’s chemicals export port at Al Ruwais
Plus: Bybit secures first full virtual assets license from the SCA
Mashreq expands footprint to Turkey with new office
Plus: Addleshaw Goddard opens office in ADGM
Private equity
THIS MORNING: Adia, Lunate eye a hefty piece of Indian bourse’s USD 2.7 bn IPO + DP World plans truck fleet expansion amid Hormuz disruption
Plus: Did Emirates just clinch its long sought-after Berlin slot?
Private equity on track to underdeliver for investors
Experts see as much as 90% of funds falling short of targeted returns
Issam Mamlouk left PIF's megadeals for the GCC's mid-market — where he says sponsors are outnumbered by deals
For him, founder dependence matters for the business his firm underwrites
Metamorph's Manish Raniga spent a decade turning around distressed airlines — now he's rolling up the Gulf's wellness industry
The private equity firm just closed a USD 200 mn wellness and longevity platform with…
Real estate
Abu Dhabi property market outpaces Dubai as cycles diverge
A later property cycle, limited supply, and stronger domestic demand keep Abu Dhabi’s housing market…
Emaar moves to buy out Emaar Development minorities at a valuation of AED 60 bn
The offer is a premium to the last close, but a discount to where analysts…
Alpha Dhabi’s portfolio pays off
Alpha Dhabi sees lower earnings in 3Q amid fatter checks Higher direct costs and expenses…
Arada taps Aastha Billore as CIO of new fund management arm
Arada Capital is targeting USD 5 bn in AUM within four year
SMEs
UAE SMEs are borrowing again after a punishing year -Beehive’s CEO
The lender expects a record AED 150 mn in October approvals, but it’s keeping credit…
ADID settles FAB case, China deepens UAE push + Edge doubles down on Brazil, du paves the way for 6G, Botim moves into business lending
ADID settled an agreement with First Abu Dhabi Bank over debt the bank has been…
Zamanat’s tokenized fund aims to widen access to GCC private credit — the lending risks stay familiar
USD 250k investor tickets and a USD 40-50 mn prospective agreement pipeline underpin the fund’s…
Zamanat's Umair Tariq wants to put Gulf SME lending on the blockchain
Zamanat CEO on the Gulf’s financing gap, startup life, and making time for family before…
Sports
THIS MORNING: Fujairah has become the UAE’s primary export route + the NBA gives the UAE a pass (for now)
UAE jewelry demand was down 28% in 2Q
UAE’s first licensed iGaming platform Play971 launches World Cup wagering
Play971 has opened World Cup wagering less than a year after becoming the UAE’s first…
Abu Dhabi government takes control of T10 cricket competition, plans to take it global
The move folds cricket into Abu Dhabi’s wider sports investment strategy, which has seen it…
THIS MORNING: Petrofac sells UAE unit to US, UK players + Alec clinches construction contract for The Sphere
Plus: Both IHC and Alabbar are eyeing struggling IFFCO
Tech
The Nasdaq has its worst day since Liberation Day as the Democrats’ midterm sweep puts the AI buildout in doubt
Investors are betting US voters will slow the data center buildout
Seidor’s Angel Fernández Sánchez says AI is “two or three steps ahead” of UAE businesses
Employees are getting faster with AI, but their companies are struggling to make it pay…
Will G42 become a US company?
That may be the price for retaining access to the highest-end US AI computer chips
Scale AI sets up in Dubai + Edge wraps up CMD stake takeover
Scale AI in DIFC Scale AI sets up shop in the DIFC: San Francisco-based AI…
Telecoms
e& exits Vodafone in USD 5.95 bn stake sale
E& is selling its full 16% Vodafone holding to a Niel family-owned vehicle as it…
Du secures AED 2 bn war chest
The facility remains undrawn and features improved terms (read: lower standby costs)
Nubank in ADGM, commercial upper 6GHz launches in the UAE, and Dragon Oil makes another discovery in Egypt
Despite escalating regional tensions, the expansion of the NYSE-listed neobank is the latest in a…
THIS MORNING: Washington and Tehran agree to a two-week ceasefire
Plus: UAE airlines see slight dip in activity
Trade + logistics
Dnata + DP World look to Australia, JPMorgan doubles down on Dubai’s wealth race, a hydrogen hunt in RAK, DP World opens direct China-Africa line
Dubai’s dnata and DP World are expanding their overseas supply chain footprint through an air…
UAE-DRC trade pact enters into force
Bilateral trade grew by 38.5% last year to USD 3.5 bn
Mubadala, Trafigura shelve USD 5 bn Brazil port sale as iron ore market weakens
Mubadala and Trafigura are holding onto Porto Sudeste after disappointing bids
Arada trims its 2027 sukuk tab + DP World opens Bologna facility
The buyback comes after the developer’s recent USD 400 mn sukuk issuance
Transport
The UAE is building the network. Now it needs to get people to the station
Etihad Rail is running, and two new Dubai metro lines are on the way. Experts…
THIS MORNING: Mubadala says Man City saga won’t get in the way of UK investments + Adnoc L&S eyes a stake in Abu Dhabi offshore services firm
Plus: Emirates Islamic sukuk is 2.4x covered on day one
THIS MORNING: Mubadala eyes more Asia exposure + more The Boring Company projects could be in the pipeline
Plus: Sharjah looks to target more India FDI
Overseas moves from logistics players, more AED for public transport and Dubai CommerCity, CBUAE pushes on regional collaboration
DP World opened a 10k sqm distribution center in Bang Na, Thailand, expanding its Southeast…