Abu Dhabi’s United Al Saqer invests in Oscar-winning VFX studio

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WHAT WE’RE TRACKING TODAY

THIS MORNING: G42’s partnership with Microsoft at risk?

Good morning, lovely people, and happy hump day. It’s another relatively slow newsday here at home, with only a handful of stories on the energy, investment, and finance fronts worth your attention — plus: fresh data on the real estate market in the first half of the year.

THE BIG STORY here at home is United Al Saqer Group’s USD 200 mn investment in UK-based VFX studio DNEG Group — the latest sign of interest from an Abu Dhabi investor in the film and media industry.

PUBLIC SERVICE ANNOUNCEMENTS-

#1- We’re not getting a long weekend next week, after the Human Resources and Emiratisation Ministry announced Sunday, 7 July as a public holiday for both the public and private sectors in observance of the Islamic New Year. From what we hear, managers have already started notifying employees that Monday will be a normal working day.

#2- School certificates will now be attested in three minutes instead of six days, following the integration of the Foreign Affairs Ministry’s document attestation service with Emirates School Establishment’s (ESE) school certificate issuance service, according to a statement. Users can apply through ESE’s digital channels by selecting Foreign Affairs Ministry attestation at the same time.

This initiative is part of the Zero Government Bureaucracy program, aimed at slashing 2k government procedures and cutting service durations by 50% by the end of the year.

#3- The Federal Tax Authority is reminding businesses with licenses issued in May to register for the corporate tax by 31 July to avoid penalties, according to a press release. Users can register through the EmaraTax platform.

WEATHER- Brace yourselves for an exceptionally humid day in Dubai (63%) and Abu Dhabi (80%), according to our favorite weather app. Dubai will see a daytime high of 42°C and an overnight low of 33°C, while Abu Dhabi will see temperatures hit 37°C before the mercury dips to 34°C at night.

WATCH THIS SPACE-

#1- Is G42’s USD 1.5 bn partnership with Microsoft at risk of falling through? That’s according to Bloomberg, which claims that Pentagon officials are doubting Emirati AI conglomerate’s commitment to fully divest from China, potentially “imperiling national security,” citing people familiar with the matter. Shipments of advanced AI chips like Nvidia’s H100 have been paused as the US mulls the potential impacts of their export, which Bloomberg says officials are now seeing as tantamount to nuclear proliferation. Officials are hoping to come to an agreement on this in the coming months, sources said.

REMEMBER- Microsoft is investing some USD 1.5 bn in G42 to position the UAE as a “global AI hub.” G42 has already cut ties with Chinese businesses in a bid to reportedly appease US partners, and there were suggestions it could also give up its use of Huawei telecom equipment. The second phase of the agreement entails Microsoft exporting large-scale AI components to the UAE, which will require licenses from the American government.

The US wants to make this work: The potential partnership gives a boost to Washington’s push to position US companies at the forefront of AI development and gives it reach in emerging markets where China has historically been dominant, such as Kenya, where Microsoft and G42 agreed to build a USD 1 bn geothermal data center.

But it will likely require a lot of diplomatic work: Several bipartisan staff delegations have already been to the UAE in recent weeks in an effort to ensure the UAE is aware of Washington’s concerns and is taking the necessary measures, with more expected to come, Bloomberg cites a House Foreign Affairs Committee Republican staffer briefed on the trips as saying.

SPEAKING OF THE US- The country added six companies to its trade restriction list, including two UAE firms, Mega Fast Cargo and Mega Technique General Trading, for “evasive conduct” and Mega Fast Cargo’s shipment of US goods to Russia, Reuters writes.

#2- Adia-backed consortium is among top bidders for DB Schenker: Global investment manager CVC, which is leading a consortium that includes Abu Dhabi Investment Authority (Adia) and Singapore’s GIC, and Denmark-based logistics firm DSV, have become the front-runners to acquire German Deutsche Bahn’s logistics subsidiary DB Schenker after Maersk withdrew its bid, Bloomberg reports, citing people it says are in the know.

Final bids are due to be submitted in August, the sources said, adding that Saudi shipping firm Bahri submitted one of the highest non-binding offers in the previous round, but it remains uncertain if it will make a final bid by the deadline. Meanwhile, the CVC-led consortium’s bid has reportedly valued DB Schenker at EUR 14 bn, but offered to allow the German government or a related fund to retain a 20% stake in the company.

REMEMBER- CVC tapped Adia and GIC in May to form the consortium. Deutsche Bahn is expected to make a decision by the end of the year, with the transaction expected to close sometime next year.

#3- FinMin is giving precedence to five sectors in upcoming PPPs: The Finance Ministry plans to prioritize the infrastructure, energy, healthcare, social services, and education sectors in the first phase of its upcoming public-private partnerships (PPPs), according to a statement. This comes as part of the ministry’s legislative framework for PPP regulation, which seeks to boost the private sector’s role in national projects.

#4- Dubai’s demand-side sustainability strategy for 2050 is getting an update: Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum issued an order to update Dubai’s Demand Side Management (DSM) Strategy 2050, which aims to achieve energy efficiency by managing demand for electricity, according to Dubai Media Office.

The updated strategy aims to save at least 86.8 Terawatt Hours (TWh) of electricity, 383.2 bn imperial gallons of water, and around 1.8 bn liters of transport fuel by 2050. It also includes 12 programs that cover net zero buildings, consumer behavior, water recycling, mobility, fuel, cooling, and lighting efficiency, among others.

THE BIG STORY ABROAD-

Picking up exactly where we left off yesterday, the global business press remains squarely focused on fallout from the US presidential debate and a court ruling on Trump’s presidential immunity.

Donald Trump’s sentencing in his hushmoney trial was delayed to 18 September, only weeks before US voters go to the poll, Reuters reports. The delay comes after the controversial Supreme Court ruling on his immunity from prosecution for “official acts” while in office. At question is whether the judge will now have to throw out evidence that bolstered prosecutors’ case.

Meanwhile, Biden is still blaming his debate performancejet lag as more Democrats raise concerns around his health and ability to serve a second term. See:

Biden’s lapses are said to be increasingly common and worrisome (NY Times)
Biden faces doubts from Democrats about his 2024 re-election (Reuters)
Scoop: Inside House Democrats’ anti-Biden vent session (Axios)
Biden’s damage control is faltering (Semafor)

The bottom line: As Biden digs in, some top Democrats want him out of the race this week, writes CNN.

IN THE BUSINESS PRESS- It looks like a Paramount-Skydance merger is still on the cards despite earlier bids falling through. Shareholders have agreed with Paramount’s parent firm, National Amusements, on new merger terms that will see Skydance pay some USD 1.75 bn for the sale. The news sent Paramount’s shares up 9% in after hours trading. (CNBC | Reuters | WSJ)

AND- Tesla’s shares also rose 10% yesterday on better-than-expected deliveries.

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CIRCLE YOUR CALENDAR-

Dubai will host the International Conference on Computer Vision (ICCV) in 2029, Crown Prince Sheikh Hamdan bin Rashid Al Maktoum said on X. Expected to convene over 15k industry players and experts in AI and computer vision, the event aims to support the UAE in its “efforts to be a major player in the AI revolution,” Al Maktoum said.

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

Abu Dhabi’s United Al Saqer invests USD 200 mn in UK VFX studio DNEG

DNEG Group secures USD 200 mn investment from Abu Dhabi’s UASG: UK-based VFX and animation studio DNEG closed a USD 200 mn investment from Abu Dhabi investor United Al Saqer Group (UASG), bringing the value of the business to USD 2 bn, according to a company statement. UASG is backed by a member of the emirate’s royal family, the Financial Times writes.

The film tech group will use the funds to expand its presence in the film industry and produce more films, as well as offer AI solutions to the industry. A portion of the funds will go towards developing its content arm, Prime Focus Studios, while another portion will go towards a new AI technology division, Brahma, which is developing an AI-powered, photo-real CGI creator.

Abu Dhabi presence is part of the package: The group will also establish a “visual experience hub” in Abu Dhabi that will store, produce, and distribute content in the region.

The emirate has film industry ambitions: Abu Dhabi-backed RedBird IMI also recently acquired UK media company All3Media — the largest independent production firm in the UK, with 50 production labels — from Warner Bros and Liberty for GBP 1.5 bn.

About DNEG: DNEG Group was responsible for the visual effects in movies such as Dune, Oppenheimer, Interstellar, and has offices in the UK, India, the US, and Canada. It received an Academy Award for its VFX work on Netflix film Nyad. The company was founded in 2014 through a merger of Prime Focus and Double Negative.

Masdar, BP, Hassan Allam Utilities, and Infinity to develop 8 GW green ammonia plant

More details on Masdar-backed consortium’s green ammonia project in Egypt: Masdar, BP, Hassan Allam Utilities, and Infinity will build an 8 GW green hydrogen and ammonia plant with some USD 12 bn in financing, Infinity Power Chairman Mohamed Mansour told Al Arabyia. The project — which targets 300 MW of capacity in its first phase — will be financed through a mix of equity and bank loans and is expected to reach financial close within two to three years. The firms are yet to secure land for the green energy complex.

ICYMI- The consortium agreed to set up a USD 15 bn green hydrogen project in Egypt’s Suez Canal Economic Zone at the Egypt-EU conference earlier this week, and signed a joint development agreement to explore establishing a multi-phase green hydrogen in Egypt. BP will serve as the main developer and operator of the proposed project which will focus on exports.

ALSO- Another update on Egypt’s mega wind project: The Infinity Power-Hassan Allam Utilities-Masdar consortium was meant to receive the land for their USD 11 bn 10 GW wind farm project in Sohag yesterday, Mansour added. The consortium will conduct a year-long wind assessment study before financial closure. The land access agreement was signed with the Egyptian government last month.

ICYMI- Construction on the mega project was delayed and is set to start in March 2026, Mansour told Bloomberg in an interview last month. Construction was initially set for this year but fell behind due to land procurement issues in West Sohag. The farm is now expected to become operational by 2032.

OTHER ENERGY NEWS-

Cepsa + PreZero Spain sign biomethane agreement: Spanish oil and gas company Cepsa — which is majority owned by sovereign fund Mubadala and Carlyle Group — and Schwarz Group’s environmental arm, PreZero Spain, agreed to partner on biomethane plants using organic waste, according to a statement. The pair will recover waste and convert it into raw material to produce 2G biofuels and circular chemical products.

What’s planned? The companies plan to build their first plant with up to 100 GWh capacity in Cepsa’s Palos de la Frontera, where it has an energy park, and a 1 GW green hydrogen plant to supply the Andalucian Green Hydrogen Valley and Cepsa’s new second generation biofuels plant with renewable energy. Cepsa will receive biogenic CO2 from PreZero’s biomethane plants, used cooking oil, and other organic waste to produce synthetic fuels. The agreement also includes plans to decarbonize PreZero’s private 750 vehicle land fleet in Spain.

Dubai’s property market sees record transactions in 2Q 2024. Plus: Property sales rose in 1H

Dubai’s real estate sector saw record transaction volumes in 2Q 2024, surpassing 35k transactions and marking a 20.5% y-o-y increase, according to Dubai-based real estate firm Primo Capital Experts ’ latest report. The robust growth was attributed to a 24% y-o-y rise in off-plan property transactions and a 15% y-o-y jump in secondary market sales.

Average residential property prices in the emirate jumped 20.7% y-o-y during the April to June period, with villa prices rising 22.1% y-o-y while apartments’ value rose 20.4% y-o-y. The transaction growth, accompanied by the rise in prices, signals that Dubai “remains a top destination for real estate investment worldwide,” according to the real estate firm.

Average prices in Abu Dhabi’s residential sector also grew, with villa prices up 2.3% y-o-y during the quarter, and apartment prices up 4.3%.

OTHER IMPORTANT INDICATORS-

Average commercial rents in Dubai climbed 22% y-o-y;
Industrial rents rose 14% y-o-y on the back of growing demand for industrial and logistics facilities;
Retail rents grew 14.7% y-o-y in Abu Dhabi.

ALSO- Dubai’s property sales volumes were up 30% y-o-y in 1H 2024, according to a press release citing data from Property Monitor and haus & haus. Haus & Haus noted a 71% y-o-y increase in registered buyers during the same period.

May saw record-high sales volumes with a 47.7% m-o-m increase m-o-m and a 45.9% y-o-y rise to some 17k transactions, according to Property Monitor data, mainly attributed due to a spillover effect from April’s storms in Dubai and the Eid al Fitr break.

Developers are ramping up construction, with some 3.3k villas added in 1H, most slated for completion by 2028, alongside investments in expanding key areas like The Oasis, The Heights Country Club and Wellness, and Grand Polo Club & Resort.

Dubai asset manager KHK & Partners spins off new capital raising arm, eyeing global asset managers

Dubai-based asset manager KHK & Partners has spun off its capital-raising arm, dubbed Ayala Capital, according to a press releas e (pdf). Regulated by Dubai Financial Services Authority (DFSA), the core function of the new firm will be to raise capital for global asset managers targeting MENA-based investors, while the parent company, KHK & Partners, continues to focus on core investment and advisory services.

The firm already has a few asset managers under its belt, including USD 44 bn France-based asset manager Tikehau Capital ; Switzerland-based Montana Capital Partners, which was acquired by USD 1.5 tn asset manager Prudential Financial; space-focused private equity firm NewSpace Capital, and China-focused ShoreVest Partners, among others.

The investment strategies of focus? Private credit and equity secondaries, which the firm sees as a very rich space in the region, KHK & Partners CEO Hassan Karimi told EnterpriseAM UAE. The fact KHK & Partners is an asset manager itself that has been raising capital as an ancillary activity means it understands the ins and outs of the private equity and credit space, Karimi said. It’s also looking at providing Shariah-compliant capital-raising solutions, and is planning on hiring someone dedicated to that department, he added.

Its next target: the US, he said, adding that the firm is looking at onboarding one or two more asset managers over the next year.

Who are its investors? The firm already has a database of some 1k investors, including sovereign wealth funds, pension funds and endowments, family offices, and high net worth individuals based primarily in the region, Karimi said. The firm sees a big opportunity in European and Asian investors and family offices that are worth hundreds of mns of USD that have set up shop here, and is already tapping those as part of its strategic direction, he said.

Check sizes it has raised so far range from USD 5 mn to USD 200 mn, but the firm is also in advanced discussions to raise checks of USD 300-500 mn over the coming period, he added. It has already raised “several hundreds of mns of USD” for asset managers over the past year, he explained, adding that it expects to raise more than that over the next year.

Shuaa Capital appoints Roberta Calarese as the new Chief Legal Officer

Shuaa Capital appointed Roberta Calarese (Linkedin) as its new chief legal officer, according to a company statement (pdf). Calarese has over 25 years of experience in financial services, investment banking, policy making and international relations.

Abu Dhabi-based petrochemicals firm Borouge accepted the resignation of its vice chairman, Thomas Gangl (Linkedin), from his role as director and vice chairman, according to a company statement (pdf).

High demand for office space in Dubai and Abu Dhabi spurs new office construction

Bloomberg turns the spotlight on the need for more office space in both Dubai and Abu Dhabi, with a look at Dubai’s DIFC Square ’s expansion and Abu Dhabi Global Market’s (ADGM) expansion to Al Reem Island — a byproduct of top asset managers and hedge funds flocking to the two financial hubs.

Corporate clients at Mashreq can now make instant payments

BANKING-

Corporate clients at Mashreq now have access to instant payment services: Our friends at Mashreq are launching API-enabled instant payments services for its corporate and institutional clients, becoming one of the first financial institutions in the UAE to do so, according to a press release (pdf). The API service is integrated with the Central Bank of the UAE’s instant payment platform Aani, and will allow clients to make domestic fund transfers, account to account transfers, and bulk transfers, with payment limits of up to AED 50k.

MINING-

SRG Mining gets a new name, moves HQ to Abu Dhabi: Canada’s SRG Mining rebranded to Falcon Energy Materials and moved its headquarters to the Abu Dhabi Global Market (ADGM), according to a statement (pdf). The re-domiciliation will allow the company to benefit from the UAE’s double taxation and investment treaties with the Republic of Guinea, where Falcon’s primary asset, the Lola Graphite Project, is situated.

LOGISTICS-

#1- Dubai’s Roads and Transport Authority partnered with Trukker Technologies to launch a digital platform for commercial transport in the UAE, according to a Dubai media office statement. The platform will connect users — both corporate and individual clients — with RTA-registered transportation providers, and will cover transport of cargo like goods and furniture.

#2- Etihad Cargo + Teleport partner to boost freighter flights: Etihad Cargo partnered with Malaysian logistics provider Teleport to provide customers with the option to move cargo from Kuala Lampur, Malaysia, to the Middle East, according to a statement.

INFRASTRUCTURE-

Sewa wraps development of AED 10.5 mn Al Hamriyah East natural gas network: Sharjah Electricity, Water, and Gas Authority (Sewa) finalized the development of a new AED 10.5 mn natural gas pipeline network that connects the Emirates road in Al Arqoub area to Al Hamriyah East, Wam reports. The network is now operational and will supply gas to over 1.1k customers in Al Hamriyah.

EDUCATION-

Alef Education inks an agreement to advance climate change education in Kenya: Private-sector K-12 education provider Alef Education, the UN agency Unicef, and the Kenya Institute of Curriculum Development signed an MoU aimed at incorporating climate change education into Kenya’s public school curriculum, according to a statement (pdf). The agreement will use technology and digital learning methods to transfer knowledge and skills on how to tackle the climate crisis to children, young people, and educators.

REAL ESTATE-

Downtown Dubai is getting a new Fairmont residential development: UAE-based developer Sol Properties is building a new residential development in Downtown Dubai dubbed Solara Tower in partnership with Fairmont Hotels and Resorts, according to a press release. Fairmont will provide hospitality services at the residential complex, including restaurants, fitness centers, spas and wellness centers. Construction is scheduled to begin this year, and is slated for completion in 3Q 2027.

SUSTAINABILITY-

The Abu Dhabi Environment Agency inked an agreement with TotalEnergies to launch a program for coastal conservation and restoration, Wam reports. The two sides will collaborate to study, monitor, and assess Abu Dhabi’s coastal ecosystems in a bid to develop guidelines for habitat restoration.

Nearly USD 9 bn worth of locked-up BTC is about to hit the market — what does it mean for prices?

Some USD 8.7 bn worth of locked-up BTC is about start hitting the market — that can’t be good for the price of the cryptocurrency, can it? Creditors of collapsed Japanese BTC exchange Mt. Gox may start to see BTC and BTC cash trickling into their accounts as early as this week, dumping fresh supply into the market, CNBC reports. About 140k BTC is about to be released, Coindesk adds.

The impetus to sell will be significant because BTC is worth a whole lot more than when these folks lost access to their funds. Creditors getting BTC from Mt. Gox starting this week have been waiting for a decade — Mt. Gox collapsed when BTC was at USD 600 per coin. It’s north of USD 61k now.

What happened at Mt. Gox? It went bankrupt after a 2014 hack saw it loss somewhere between 650k and 950k BTC — worth more than USD 58 bn today. (Most traders think about 750k coins went missing.)

Take it and run? Many of those getting payments this month will sell out of the asset class and “enjoy the fact that having their assets stuck in the Mt. Gox bankruptcy was the best investment they ever made,” John Glover, chief investment officer at Toronto-based crypto startup Ledn, told CNBC.

And there’s the risk that lower summertime liquidity in the market could see all that coin land with a thud that depresses prices: Pundits worry the inflow will start as many in the market have their eyes on the beach, not their trading screens.

BACKGROUND- Mt. Gox is an acronym for Magic: The Gathering Online Exchange. It was created to trade cards from the fantasy-themed game Magic: The Gathering and morphed into the world’s largest crypto exchange, handling c. 70% of the world’s BTC transactions in the currency’s earliest days. It went bankrupt after the biggest of a series of hacks it suffered between 2010 and 2014.

ALSO WORTH KNOWING- Apple has just joined OpenAI’s board “in an observer role,” the Financial Times writes. The agreement came after Apple agreed to integrate ChatGPT into iOS 18, its next operating system now in beta testing and due to market this fall.

It’s a weird move for a bunch of reasons: For starters, Apple rival Microsoft is (effectively — it’s complicated) a 49% owner of OpenAI. And Apple and OpenAI can’t exactly be said to share the same values when it comes to things like intellectual property rights and privacy.

Apple’s Phil Schiller will have a non-voting observer seat on the board — the same as Microsoft does.

MARKETS THIS MORNING-

Major Asian benchmarks are mostly in the green in early trading this morning, with the ASX 200, Nikkei, and Hang Send all in the green, the Kospi flat, and the Shanghai Composite in the red. Futures for the top European benchmarks are up slightly in overnight trading, while Wall Street futures are largely flat after the S&P 500 closed above 5.5k yesterday for the first time.

Somewhere, a bear is hungry: BCA Research is one of a handful of outfits suggesting the US economy could fall into recession later this year or early next, sending the S&P 500 down by as much as 30%. (Fox Business | MarketWatch)

ADX	9,088	+0.3% (YTD: -5.1%)
DFM	4,063	+0.2% (YTD: +0.1%)
Nasdaq Dubai UAE20	3,501	-0.1% (YTD: -8.9%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	5.0% o/n	5.4% 1 yr
TASI	11,606	-0.5% (YTD: -3.0%)
EGX30	27,986	+0.1% (YTD: +12.4%)
S&P 500	5,509	+0.6% (YTD: +15.5%)
FTSE 100	8,121	-0.6% (YTD: +5.0%)
Euro Stoxx 50	4,906	-0.5% (YTD: +8.5%)
Brent crude	USD 86.24	-0.4%
Natural gas (Nymex)	USD 2.46	+1.1%
Gold	USD 2,333.40	-0.2%
BTC	USD 61,991.10	-2.1% (YTD: +46.6%)

THE CLOSING BELL-

The ADX rose 0.3% yesterday on turnover of AED 938.3 mn. The index is down 5.1% YTD.

In the green: Sharjah Cement and Industrial Development (+6.9%), National Marine Dredging Company (+6.4%) and Bank of Sharjah (+5.3%).

In the red: Waha Capital Company (-3.9%), Ghitha Holding (-3.8%) and Sudatel Telecommunications (-3.8%).

Over on the DFM, the index rose 0.2% on turnover of AED 418.9 mn. Meanwhile Nasdaq Dubai closed down 0.1%.

Abdullah bin Zayed phones Blinken to discuss regional developments

Foreign Affairs Minister Abdullah bin Zayed held a phone call with US Secretary of State Antony Blinken to discuss recent developments in the region and Gaza, Wam reports. The two officials discussed the urgent need for a ceasefire and humanitarian aid in Gaza, as well as the events in Sudan.

CALENDAR

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.

10-11 September (Tuesday-Wednesday): MENA PPP forum, Jumeirah Emirates Towers, Dubai.

10-11 September (Tuesday-Wednesday): MENA District Cooling Projects & MENA Cool Forum, Grand Hyatt Dubai, Dubai Healthcare City, Dubai.

11-12 September (Wednesday-Thursday): MENA oil and gas digitization conference, Abu Dhabi.

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

OCTOBER

7-8 October (Monday-Tuesday): Forex expo, World Trade Center, Dubai.

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.

21-22 October (Monday-Tuesday): Port Development MEA Forum, Dubai.

21-22 October (Monday-Tuesday): Roads, Bridges, Tunnels MENA Conference, Dubai.

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

28-29 October (Monday-Tuesday): MENA Climate Proof Forum, Dubai.

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

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

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.

6 November (Friday): World Finance Forum, Dubai.

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

11-12 November (Monday-Tuesday): META Cinema Forum, 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

22-23 November (Friday-Saturday): Global Meet on Electronics & Electrical Engineering (GMEEE), Dubai.

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.

FEBRUARY 2025

24-25 February (Monday-Tuesday): 3rd World Passenger Experience Forum, Dubai.

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.

Signposted to happen sometime in 2029:

Dubai to host the International Conference on Computer Vision.

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