Adnoc revising takeover bid for Germany’s Covestro + KSA’s Jadwa acquires Blackspoon Group

1

WHAT WE’RE TRACKING TODAY

THIS MORNING: Adnoc plans revised bid for Germany’s Covestra + AD Ports reportedly eyeing a stake in a major Turkish port

Good morning, friends. The news cycle picked up the pace overnight after giving us a relatively calm start to the week, with plenty of news to sink our teeth into on this slightly cloudy Tuesday morning.

THE BIG STORY here at home is all the M&A action, from updates to Adnoc’s planned takeover of Germany’s Covestra, to a Saudi acquisition of food and beverage operator Blackspoon, and murmurs of other acquisitions in the making.

WATCH THIS SPACE- Is AD Ports eyeing a stake in a major Turkish port? State-owned AD Ports Group is reportedly in talks to acquire a stake in the Port of Izmir, Turkey’s third largest port, Reuters reports, citing several sources with knowledge of the matter. The transaction could see AD Ports cough up some USD 500 mn for a stake in the Aegean Sea port, owned by Turkey’s sovereign wealth fund, the Turkey Wealth Fund. If it sees the light, the agreement would see AD Ports invest in a firm affiliated with the fund to run the port.

** You’re reading Zero Issue #16 of EnterpriseAM UAE.

** Think of a zero issue as a “beta.” This issue has not been published or distributed to a wide audience.

** Did you receive this as a forward? Email editorial@enterprisemea.com and let us know if you’d like to be added to our list of beta readers ahead of our launch.

** Have a comment, criticism, or story tip? Hit up patrick@enterprisemea.com.

DATA POINT- The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has closed nine eateries in Abu Dhabi, Al Ain, and Al Dhafra since the start of the year, Gulf News reports, citing an ADAFSA report. ADAFSA pulled the plug due to serious health concerns related to cleanliness and insect infestations, as well as instances where non-halal food was sold without proper permits, causing some confirmed cases of food poisoning. ADAFSA said that these shutdowns will persist until the proper measures are taken to ensure food safety procedures are adequately observed.

Abu Dhabi’s International Astronomy Centre photographed over 3k meteors during the Geminid meteor shower after setting up 17 low-light-sensitive video cameras across three different Abu Dhabi locations to capture the meteors on Wednesday and Thursday, according to a statement.

THE BIG STORIES ABROAD-

#1- Egyptian President Abdel Fattah El Sisi has clenched a third term, taking 89.6% of the vote in a four-man race that saw 66.8% of eligible voters turn out at the polls. Speaking after the results were released, El Sisi acknowledged the challenges facing Egypt “on all fronts,” and reaffirmed Egypt’s condemnation of the “inhumane war” on Gaza. He also renewed his vows to “continue building the new republic.”

What’s next: Pundits in Egypt are mulling when (and whether) El Sisi will shuffle his cabinet — he doesn’t need to wait until his inauguration in April to do so.

The big question for potential Emirati investors in Egypt: Will Central Bank Governor Hassan Abdalla get a mandate to float (or devalue) the EGP? Tap or click here for the rundown in EnterpriseAM Egypt.

#2- Apple will stop selling its latest watch models in the United States on Christmas Eve after losing a patent dispute. The tech giant broke the news (somewhat controversially) through enthusiast website 9to5 Mac, saying it would be pulling its Series 9 and Ultra 2 watches from physical and online stores. Apple’s shares on Nasdaq closed down 0.85% on the news, which has since been picked up by the global business press: Financial Times | Bloomberg | Reuters | Wall Street Journal.

Or will it? Apple engineers are said to hammering out a software workaroundthey hope will convince customs officials that they’ve addressed the patent problem. At issue is how the watches measure the wearer’s blood oxygen levels.

ALSO WORTH KNOWING ABOUT: Google is paying USD 700 mn in an antitrust settlement and will loosen its grip on its Play Store. There’s been an earthquake in a remote area of China (more than 110 are so far confirmed dead) and a volcano has erupted in Iceland.

CIRCLE YOUR CALENDAR-

This week: Legendary Iranian songster Ebi is playing at the Dubai Opera tomorrow.

This weekend: The World Tennis league is at Abu Dhabi’s Etihad Arena from 21-24 December (Thursday-Sunday). Women’s World No 1 Iga Swiatek and Men’s World No 3 Daniil Medvedev will be among the players.

If tennis isn’t for you, the event will also be jam-packed with music stars, including Neo, Akon, and 50 Cent.

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

Adnoc plans to submit a revised offer for Germany’s Covestro

Adnoc is upping its bid for Covestro: Abu Dhabi National Oil Company (Adnoc) is reportedly planning on submitting a revised offer to take over German polymer materials manufacturer Covestro, after initial informal bids were seen as “too low,” Bloomberg reports, citing people familiar with the transaction. Adnoc will reportedly also throw in sweeteners “to pave the way for the start of detailed due diligence,” Bloomberg’s sources said.

What’s on offer: The state-owned company is reportedly set to offer EUR 60 per share, valuing the company at c.EUR 11.3 bn, as well as USD 8 bn of investments after the transaction closes. Adnoc is also planning on promising job security “for several years” as part of the proposal.

Adnoc’s shares would offer a 13% premium on Covestro’s current share price, which closed at EUR 53 at the end of trading yesterday.

ICYMI: The two companies entered a preliminary “open-ended” discussion on the potential takeover back in September.

About Covestro: The German company, which has some 50 production sites across the world with 18k employees, manufactures polymer materials and their components, which it supplies to sectors including mobility, building and living, electrical and electronics, sports and leisure, cosmetics and health, and the chemical industry.

Abu Dhabi’s CYVN Holdings to invest USD 2.2 bn in Chinese EV manufacturer Nio

CYVN to pour USD 2.2 bn into Tesla’s Chinese rival Nio: CYVN Holdings, an investment firm owned by the Abu Dhabi government, has agreed to a c.USD 2.2 bn equity investment in Chinese electric vehicle manufacturer Nio, the Shanghai-based company said in a statement yesterday.

The details: Under the share subscription agreement, CYVN will invest USD 2.2 bn to subscribe for 294 mn newly issued shares at USD 7.50 each. CYVN will also have the right to nominate two directors to Nio’s BoD. Once the transaction closes — which is set to happen in the last week of December — CYVN will hold a 20.1% stake in Nio.

Market reax: Following news of the transaction, Nio’s shares jumped 9.5% in US premarket trade before paring gains and closing up 4.6%.

CYVN’s investment will be getting Nio out of its tight spot: The EV maker has been repeatedly posting losses, losing USD 835 mn in 2Q 2023, amounting to a USD 35k loss for each car sold, the New York Times reported. However, its losses narrowed modestly by 24.8% in 3Q, posting a net loss of USD 649 mn.

CYVN is no stranger to Nio: CYVN invested USD 738.5 mn in Nio in July. Additionally, it had inked an agreement with an affiliate of Tencent Holdings to buy ordinary shares in Nio for USD 350 mn. The combined investments of about USD 1 bn gives CYVN ownership of around 7% of Nio’s shares.

KSA’s Jadwa Investment acquires UAE-based Blackspoon with focus on expansion

Saudi private equity firm Jadwa Investment has acquired Dubai-based food and beverage operator Blackspoon Group, which operates “all day Lebanese diner” Allo Beirut among other restaurant chains in the region, Jadwa said in a statement yesterday.

What we know: The acquisition was executed by Jadwa’s food and beverage fund, which will now manage the UAE-based business, which has 10 branches and three brands, including its flagship Lebanese restaurant. It is Jadwa’s second acquisition in the consumer sector this year following its takeover of a 35% stake in Gissah Perfumes in August ahead of the fragrance company’s planned IPO.

Blackspoon has regional ambitions, aiming to grow across the GCC, including through the franchising of >30 new Allo Beirut locations in the next five years, with a primary focus on Saudi Arabia, according to the statement.

The investment thesis: Buying Blackspoon is “an extension of our strategy to capitalize on the increasingly attractive consumer sector across the GCC, which has begun to reap the fruits of transformational government initiatives, a young and growing population, and rising income levels,” Jadwa Investment CEO and Managing Director Tariq Al Sudairy said.

ABOUT JADWA- Jadwa has about USD 20 bn in assets under management across a range of asset classes including public and private equity, REITs, and private credit. It plans to invest USD 530 mn in private equity transactions and list three of its portfolio companies by 2025, its executives told Bloomberg last year.

BlackRock to invest USD 400 mn in Dubai decarbonization firm

BlackRock to pour USD 400 mn into Positive Zero:Dubai-based decarbonization firm Positive Zero is set to receive an investment of USD 400 mn from global asset management firm BlackRock through a diversified infrastructure fund affiliated to BlackRock, according to a statement released yesterday. The investment will support Positive Zero’s goal of accelerating the transition to sustainable energy in the Gulf.

About Positive Zero: The firm was established last year during COP27 in Egypt by private investment firm Creek Capital, through the merger of solar company SirajPower, energy efficiency services business Taka Solutions, and on-demand battery company HYPR Energy.

ICYMI: BlackRock is backing the government’s USD 30 bn climate fund, with Alterra as an institutional investor. Launched during COP28, the venture aims to mobilize USD 250 bn in green investments by 2030. BlackRock has so far committed USD 6.5 bn to climate-dedicated funds, along with Brookfield, TPG, and Lunate Capital.

Sharjah takes an additional USD 150 mn sukuk to Nasdaq Dubai

Sharjah is listing an additional USD 150 mn sukuk issuance on Nasdaq Dubai, adding it to its already-listed USD 750 mn sukuk, according to a disclosure to Nasdaq Dubai. The issuance is offered by the Sharjah Sukuk Programme, on behalf of the Sharjah government, under its unlimited Trust Certificate Issuance Program, launched in September 2023.

The specifics: The USD-denominated shariah-compliant bonds have a tenure of 10.5 years, maturing in March 2034. The emirate priced the sukuk at a 6.092% annual rate, with yields to be paid semi-annually. As the new sukuk certificates will be consolidated into the USD 750 mn issuance to form a single series, they will also be under a Murabaha/Ijara sukuk structure.

Sharjah is a frequent issuer: This addition brings the total value of Sharjah’s sukuk listings on Nasdaq Dubai to USD 6.05 bn. The last sukuk offering by Sharjah was listed on Nasdaq Dubai on 19 September.

Advisors: The government of Sharjah appointed Standard Chartered Bank as the sole global coordinator. ADCB, Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, GIB Capital, HSBC, and Sharjah Islamic Bank acted as joint lead managers and bookrunners.

MoHRE’s private teacher work permit now extends to private schools

Private school teachers can now offer lessons to students outside of school following a decision from the Human Resources and Emiratisation Ministry and the Education Ministry issued yesterday. The ruling, which makes the Private Teacher Work Permit available to people working in the private sphere, is intended to curb illegal and unregulated practices in private tutor recruitment.

Remember: Private tutoring was first legalized in 2019 for teachers in government schools following an intense demand for after-school learning, The National reports. The initiative now extends to the private sphere.

How it works: The permit is free for the first two years, allowing teachers to generate additional income. Registered teachers in public or private schools — as well as government, private employees and unemployed individuals — can tutor school or university students above 15 years old individually or in groups after signing a code of conduct approved by the MoHRE.

How to apply: Educators can apply for the permit via the ministry’s smart application, website, or e-services system. Non-licensed private tutors will be subjected to fines and penalties.

RTA to digitize Dubai’s transport system by 2030

Dubai's Roads and Transport Authority (RTA) is investing AED 1.6 bn in 82 projects as part of its Digital Strategy 2023-2030, according to a press release. The strategy aims to employ “100% fintech-driven mobility, increase digital service adoption to 95%, 100% digitize RTA’s employees’ capabilities, and develop 50 AI-based models,” the transport authority said.

The regulator developed the strategy in line with RTA’s Strategic Plan 2024-2030, which aims to transform Dubai to a “20-minute city,” with 80% of daily services reachable within a 20-minute walk or cycle by 2030, through improving accessibility and implementing a multi-modal transport system. The strategy also falls under the umbrella of the Dubai Digital Strategy.

The strategy will be carried out in four phases over seven years, with the preliminary phaseincluding seven projects worth AED 466 mn, the first phase including 62 projects worth AED 829 mn, the second comprising 10 projects valued at AED 249 mn, and the third with three projects worth AED 100 mn. The authority did not disclose what projects will be implemented in each phase.

RTA will track the strategy’s progress: The authority will assess the strategy’s effectiveness based on 12 indices including, the expediency of adopting digital services, consumer satisfaction with smart services, compliance with the technical systems governance framework, asset connectivity with the Internet of Things index, the data products index, and the cloud computing readiness index.

Abu Dhabi-based Andalusia Labs moves onto ADGM after landing USD 48 mn in Series A funding round

Abu Dhabi-based risk management solutions provider Andalusia Labs raised USD 48 mn in a series A funding round, upping its valuation to USD 1 bn, according to a press release. Lightspeed Venture Partners led the funding, with Mubadala Capital, Pantera Capital, Framework Ventures, Bain Capital Ventures, Digital Currency Group, Coinbase, Proof Group, Nima Capital, and American entrepreneur Naval Ravikant (LinkedIn) also participating.

Where the money’s going: The company plans to direct the investment towards product development and institutional partnerships, with eyes on global expansion.

What they said: “Andalusia Labs is addressing one of the most significant challenges in the blockchain industry today. Lightspeed is excited to partner with them as they aim to bring their infrastructure to every institution, developer, and consumer in the industry,” said Lightspeed partner Ravi Mhatre.

About Andalusia: The Mubadala-backed startup offers novel Web3 risk management infrastructure, including an institutional security platform, currently in private Beta, and a risk management marketplace that has secured over USD 1 bn in digital assets.

Onto bigger things: The global blockchain leader opened headquarters in the Abu Dhabi Global Markets (ADGM) after the success of its funding round, according to the press release.

PureHealth reports 3Q earnings

Healthcare giant PureHealth saw its bottom line decrease 88% y-o-y to AED 80 mn in the 3Q 2023, according to the company’s ADX numbers. Revenues rose 92.3% y-o-y to AED 4 bn during the quarter. On a nine-month basis, PureHealth’s bottom line fell 58% y-o-y to AED 1.2 bn, while revenues came in at AED 12 bn, rising 45% y-o-y.

Remember: PureHealth is offering a 10% stake (1.11 bn shares) on the ADX, with the shares set to begin trading tomorrow. Each share is being offered at AED 3.26, valuing the transaction at AED 3.62 bn.

More on PureHealth: Majority owned by ADQ, PureHealth is a Middle East healthcare giant with the UAE’s largest integrated healthcare network. The company has over 25 hospitals and some 100 clinics under its belt, alongside diagnostic centers, health ins. products and pharma.

SRTI Park CEO Al Mahmoudi tapped as IASP regional division president

New regional division IASP president:Hussain Al Mahmoudi (LinkedIn), CEO of Sharjah Research Technology and Innovation (SRTI) Park, has been elected as the president of the International Association of Science Parks (IASP), West Asia North Africa (WANA) division, reports Sharjah 24. Al Mahmoudi will also sit on the IASP Board of Directions during his two-year term.

About IASP: IASP is a global network of science parks and innovation districts with 350 members across 80 countries. The network has hosted over 40 world conferences and some 180 regional events.

UAE X congratulated Egyptians, Qataris

This morning on UAE X: Emirati Twitter lauded the reelection of Egyptian President Abdel Fattah El Sisi for a third term in office with the hashtags #السيسي_شعب_مصر_اختاره (The Egyptian people chose El Sisi) and #الانتخابات الرياسيه (presidential elections) trending widely. Emiratis also paid their respects to Qataris for the #اليوم_الوطني_القطري (Qatari National Day). The Pakistani community in the UAE tuned in to former prime minister Imran Khan’s #PTIVirtualJalsa, making the hashtag trend.

Arabic had its moment: Emiratis expressed their pride for their mother tongue, making the hashtags #اليوم_العالمي_للغه_العربيه and #اللغه العربيه trend.

Abu Dhabi to get USD 17.7 bn projects next year

INVESTMENT-

Abu Dhabi crown prince approves 2024 development budget: Abu Dhabi crown prince and chairman of Abu Dhabi Executive Council Sheikh Khaled bin Mohamed bin Zayed Al Nahyan has given his approval to the 2024 Abu Dhabi development projects budget, according to a statement from the Abu Dhabi Media Office (ADMO). The budget will see over AED 65 bn (USD 17.7 bn) allocated for 142 new projects in the capital. The crown prince greenlit the budget during the council’s recent meeting.

New cultural projects to promote Emirati heritage: Abu Dhabi will implement new initiatives to foster the Emirati cultural heritage and develop “a sustainable cultural heritage ecosystem in the emirate” in accordance with Sheikh Khaled’s directives. Building on this year’s cultural events, the initiatives will include exhibitions, festivals, and heritage programs that showcase Emirati national achievements and identity.

SECURITY-

Rabdan Academy launched the Sustainable Security and Defense Professional Development program, catering to senior leaders in security and defense across the GCC, according to an Abu Dhabi Media Office statement. The program, which kicks off next month in Abu Dhabi, aims to enhance GCC countries’ national strategic security and defense priorities, covering areas such as critical national security, peacebuilding, and the economy. It will offer various professional development courses, covering leadership, counterterrorism, emergency management, business continuity, military advisory, policing, and community management.

AVIATION-

Etihad Airways and Maldivian inked an agreement to fly to 16 holiday destinations in the Maldives, branching out beyond the main island of Malé, Wam reports. The agreement will allow travelers to explore the Indian Ocean Islands with perks of both airlines’ services and networks, conveniently bundled into a single ticket.

REAL ESTATE-

Sankari Properties to develop a USD 1 bn luxury project in Dubai: Dubai-based real estate developer Sankari Properties plans to develop a USD 1 bn ultra-luxury housing project, the developer said. The project will comprise twin residential towers to be built in the Marasi Marina area, which is owned by the real estate developer OMNIYAT. Set for completion by 4Q 2027, the project will boast 57 units, with prices starting at USD 10 mn, The National reports.

ENERGY-

TAQA inks MoU to join 900 km Greece-Cyprus HVDC interconnection project: ADX-listed TAQA signed an MoU yesterday to become “one of the shareholders” in a project that will see Cyprus develop and export clean energy alongside Greece and the European Union, according to a press release. The project will see the construction of a 900km high-voltage direct current (HVDC) electricity interconnection between Greece and Cyprus, estimated to cost EUR 1.9 bn (AED 7.5 bn). TAQA, which has completed two previous HVDC projects in Romania and UK-Morocco, is looking to take on a more permanent shareholder spot next to Greece’s transmission system operator, Independent Power Transmission Operation of Greece (IPTO).

COP drive: The interconnection project was agreed on the sidelines of COP28 to enhance Eastern Mediterranean access to clean energy and address the need to triple global renewable energy capacities by 2030. The project is already in an advanced stage, with the European Union approving a EUR 657 mn grant from the Connecting Europe Facility and contracts for HVDC cables and converter stations having been awarded to Nexans and Siemens AG.

WASTE MANAGEMENT-

Aldar Properties + Tadweer + Polygreen form a JV to launch Ecoloop: The initiative aims to move waste from Aldar’s properties away from landfills employing a circular model — the first-of-its-kind in the region — to transform it into resources, according to a press release. Ecoloop will collect waste from Aldar, sort it at four newly established transfer stations, and recycle it into valuable resources at Circular Park in Abu Dhabi. Ecoloop targets an annual reduction of 32.5k tonnes of CO2 emissions. The move aligns with Tadweer’s goal to divert 80% of Abu Dhabi's waste from landfills by 2030 and Aldar's Net Zero Plan for a carbon-neutral business by 2050.

High interest rates push more businesses to bankrupt in US, EU in 2023

Bankruptcies at almost a decade high in advanced economies: Corporate bankruptcies and insolvencies have risen across the US and EU on the back of a long stretch of high borrowing costs and a rollback of covid-19 financial support, the Financial Times reports. Bankruptcies in the US spiked by 30% y-o-y in the 12 months to September — after having been in decline for a decade — whilst corporate insolvencies in the EU bloc hit an eight-year high in the first nine months of the year.

The fallout is expected to continue, putting a strain on global growth and job creation in the medium-term: An environment of high interest rates will jeopardize “more promising startups and SMEs ... which could have longer-term consequences for growth,” an analyst at asset manager Hargreaves Lansdown told the salmon-colored paper.

ICYMI- The Federal Reserve suggested last week that it may be nearing the end of its two-year monetary tightening cycle, but we could be waiting until at least September 2024 before rates are cut, according to cautious analysts and Fed officials.

ALSO WORTH NOTING- Adobe scraps USD 20 bn acquisition of Figma after hitting a deadlock with regulators who voiced worries about how the acquisition would threaten competition. The news received wide coverage: Reuters | Bloomberg | The Guardian | FT | New York Times.

ADX	9,477	-0.2% (YTD: -7.2%)
DFM	3,991	-0.3% (YTD: 19.6%)
Nasdaq Dubai UAE20	3,756	-0.4% (YTD: -6.4%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	5.2% o/n	5.5% 1 yr
TASI	11,676	+0.6% (YTD: 11.1%)
EGX30	25,334	+2.2% (YTD: +73.5%)
S&P 500	4,741	+0.5% (YTD: +23.5%)
FTSE 100	7,614	+0.5% (YTD: +2.2%)
Euro Stoxx 50	4,521	-0.6% (YTD: +19.2%)
Brent crude	USD 77.95	+1.8%
Natural gas (Nymex)	USD 2.50	+0.5%
Gold	USD 2,040.5	+0.2%
BTC	USD 42,483	+1.9% (YTD: +158.1%)

THE CLOSING BELL-

The DFM fell 0.3% yesterday on turnover of AED 228.99 mn. The index is up 19.6% YTD.

In the green: Al Firdous Holdings (+15.0%), Dubai National Ins. & Reins. (+13.3%) and Oman Ins. Company (+7.6%).

In the red: Orascom Construction (-8.0%), Shuaa Capital PSC (-2.3%) and Dubai Islamic Ins. and Reins. Co. (-2.0%).

The ADX fell 0.2% yesterday on turnover of AED 982.25 mn. The index is down 7.2% YTD.

UAE and Korea discuss water sector

UAE, Korea discuss water sector developments: The Ministry of Energy and Infrastructure (MoEI) met with representatives of Korea’s Ministry of Environment on Monday to brainstorm ways to boost the water sector amidst global changes, reports WAM. The two countries also held a Joint Committee for Water Resources meeting during the Korean delegation’s three-day visit to the UAE.

The Dubai Electricity and Water Authority (DEWA) showed off its water desalination projects and smart management technologies during a tour of the DEWA water network control center. The Korean delegation also received information on our Water Security Strategy to cut demand for water resources by 21% and increase the reuse of treated water to 95% by 2036.

CALENDAR

DECEMBER

8-31 December: Abu Dhabi MOTN Entertainment Festival.

8 December-14 January: Dubai Shopping Festival, city-wide.

2024

JANUARY

1 January (Monday): New years day, national holiday.

9-11 January (Tuesday-Thursday): Dubai International Pharmaceuticals and Technologies Conference and Exhibition, Dubai World Trade Centre.

9-11 January (Tuesday-Thursday): Gulf Print and Pack, Dubai World Trade Centre.

21-23 January: World of Coffee Dubai, Dubai World Trade Centre.

29 January- 1 February: Arab Health, Dubai World Trade Centre.

FEBRUARY

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

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

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

26-28 February (Monday-Wednesday): Management and Sustainability of Water Resources, Marriott Hotel Al Jaddaf.

27-28 February (Tuesday-Wednesday): Dubai Association Centre Conference, Dubai World Trade Centre.

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

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

Signposted to happen sometime in February:

World Trade Organization Ministerial Conference, Abu Dhabi, UAE.

MARCH

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

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

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

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

APRIL

11 April (Thursday): End of Ramadan, public holiday.

12 April (Friday): Eid Al-Fitr, public holiday.

16-18 April (Tuesday-Thursday): World Future Energy Summit, Abu Dhabi National Exhibition Centre.

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

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

MAY

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

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

JUNE

4-6 June (Tuesday-Thursday): The Hotel Show, Dubai World Trade Centre.

4-6 June (Tuesday-Thursday): INDEX, Dubai World Trade Centre.

4-6 June (Tuesday-Thursday): WORKSPACE, Dubai World Trade Centre.

4-6 June (Tuesday-Thursday): Leisure Show, Dubai World Trade Centre.

15 June (Saturday): Arafat day, national holiday.

16-18 June (Sunday-Tuesday): Eid Al-Adha, national holiday.

JULY

7 July (Sunday): Islamic new year, national holiday.

SEPTEMBER

9-11 September (Monday-Wednesday): World Utilities Congress, Abu Dhabi.

OCTOBER

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

NOVEMBER

11-14 November (Monday-Thursday): ADIPEC, Abu Dhabi.

11-14 November (Monday-Thursday): ADIPEC Maritime and Logistics Exhibition and Conference, Abu Dhabi.

11-14 November (Monday-Thursday): ADIPEC Decarbonisation Accelerator, Abu Dhabi.

DECEMBER

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

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

Sections

About

Privacy & Support

Get EnterpriseAM daily