ADQ taps advisors for Etihad IPO

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Biden’s state of union address set to announce a temporary Gaza port project + brace for a stormy weekend ahead

Good morning, friends. The next time we land in your inbox will likely be the first day of the holy month, so we wish you a very happy Ramadan and a smooth first workweek if you’re fasting.

In the spirit of Ramadan, President Mohamed bin Zayed Al Nahyan has pardoned 735 prisoners, reports state news agency Wam. The president also promised to personally cover any of the prisoners’ outstanding fines and penalties.

There’s no single big story here at homethis morning: We have a mixed bag of debt and investment news, updates on foreign bank taxation in Dubai, a new ombudsman unit to handle ins. complaints, and plenty of other tidbits worth noting.

PUBLIC SERVICE ANNOUNCEMENT-

#1- Brace for more unstable weather this weekend: We’re in for a weekend of extreme weather conditions with expected thunderstorms, hailstorms, lighting and heavy precipitation starting this evening and lasting until noon on Sunday, according to the National Emergency Crisis and Disaster Management Authority. The authority advised people to stay indoors and refrain from driving.

#2- The Ins. Authority introduced a new ins. tariff system for motor vehicles to impose a cap on motor vehicle ins., lowering premiums by AED 100-150, Khaleej Times reports, citing a source from an ins. firm. Its benefits include a replacement car during any repair period for the not-at-fault party in the case of a car accident,

WATCH THIS SPACE-

#1- ADQ taps advisors for Etihad IPO: ADQ has chosen Citigroup, HSBC, First Abu Dhabi Bank as advisers for its prospective Etihad IPO, Bloomberg reports, citing people familiar with the matter. Alongside these potential appointments, Rothschild & Co. has been appointed as ADQ’s independent financial advisor.

REMEMBER- ADQ is considering listing Etihad on the public market “as soon as this year,” with the specific timing and size of the offering still undecided. The business information service said ADQ is eyeing going after both a traditional IPO and direct listing.

ALSO-The airline plans to hire 2k pilots, cabin crew, and mechanics this year, ahead of its move to expand its fleet by 15 planes in 2025, Khaleej Times reports. The ADQ-owned carrier reported a fivefold increase in net income to AED 525 mn in 2023 as it looks to prepare for a potential IPO.

#2- Dubai Taxi is planning to expand operations and acquire businesses in the “near future,” Dubai Taxi CEO Mansoor Rahma Alfalasi said in an interview with Asharq Business at the EFG Hermes conference in Dubai. Ongoing studies for potential mergers are underway, with specific details yet to be disclosed, though Alfalasi says the company hopes to finalize the acquisitions by year-end. Dubai Taxi also plans to make all its vehicles hybrid in 2024, Alfalasi said.

#3-Ewec invites bidders for a 400 MW battery storage project: Emirates Water and ElectricityCompany (Ewec) is inviting developers to submit an expression of interest for the development of a 400 MW battery energy storage project, according to a press release. Ewec aims to reduce carbon intensity from power generation by approximately 42% by 2030 and to increase its total solar power generation capacity to 7.5 GW by 2030. The deadline for submitting EOIs is 22 March.

DATA POINT-

Dubai-based startups saw the most investments in the MENA regionin February, with 22 startups raking in over USD 65 mn throughout the month, according to Wamda. This accounts for over 70% of the region’s total funds, which saw USD 88.7 mn in 37 transactions. More than half of the figure — USD 35 mn — went to Dubai-based blockchain startup Flare Network.

Despite that, the figure marks an 88% y-o-y decline in comparison to investments during February 2022.

HAPPENING TODAY-

#1- Forbes’ annual 30/50 summit wraps up today in Abu Dhabi. Meg Ryan and Shania Twain are among those headlining the event, which spotlights the Forbes 30 Under 30 and 50 Over 50 lists, coinciding with International Women’s Day, Forbes previously reported.

#2- The Future Women Leaders Forum 2024 will take place today, in celebration of International Women’s Day, at Fairmont Dubai, reports Gulf News. Organized by Gulf News and women’s empowerment organization Being She, the forum brings together women leaders to amplify regional and international initiatives for gender equality.

#3- The World Triathlon Championship Series 2024 Opening Race also gets underway today, runninguntil Saturday at Yas Marina Circuit on Yas Island. The event will feature athletic events for all ages, including events for people of determination. Check out the full schedule here.

#4- The UAE Powerboat Class 3 Championship continues today on Abu Dhabi Corniche, according to the Abu Dhabi Media Office. The three-day event welcomes local and international speedboat racing professionals before wrapping on Saturday.

THE BIG STORY ABROAD is US President Joe Biden’s state of the union address, which kicked off shortly before we hit dispatch on this morning’s issue.Israel’s war on Gaza is expected to feature prominently in the address, with news outlets reporting that Biden will announce a “temporary” port project on Gaza’s shores to help funnel humanitarian aid by sea. The address comes a few days after Biden and former US President Donald Trump look to have locked up their parties’ nominations on Super Tuesday. (Reuters | CNBC | NBC | Associated Press)

CIRCLE YOUR CALENDAR-

The EcoWASTE Exhibition and Forum is set to take place between 16 to 18April at the Abu Dhabi National Exhibition Centre as one of the six specialized verticals within the program of the World Future Energy Summit, according to a press release. The event is organized by RX Middle East in partnership with Tadweer Group to showcase the latest technologies in the field of waste management.

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

Dubai clarifies foreign bank tax levies post-corporate tax

Dubai imposes 20% tax on foreign banks outside of DIFC: Vice President and Dubai's ruler Sheikh Mohammed bin Rashid al Maktoum has issued a new law levying a 20% annual tax on the income of all foreign banks operating in Dubai, with the exception of those operating in the Dubai International Finance Center (DIFC), according to an X post by the Dubai Media Office. The tax will also be levied on banks operating in special development and freezones, according to the statement.

Critically: The 20% tax includes the 9% corporate tax which went into effect last year, and which marked the end of the UAE’s no-tax status.

The tax is not exactly new: Foreign banks have always been subject to a 20% tax, levied under separate emirate-level tax decrees, according to PwC. This is the first emirate-level decree to explicitly include other special economic zones and to clarify the interaction between the 9% corporate tax and the income tax levied on foreign banks that we’ve heard of.

Adnoc in talks for a potential LNG offtake agreement with US producer, eyes investment decision for Al Ruwais in 1H 2024

More LNG for Adnoc? We have two pieces of news from Abu Dhabi National Oil Company (Adnoc) indicating an increasing interest in expanding liquefied natural gas (LNG) production and exports.

#1- Adnoc is reportedly in talks over an offtake agreement from sustainable liquefied natural gas (LNG) producer NextDecade for the fourth unit of its USD 18 bn Rio Grande LNG facility in Texas, Reuters reports, citing sources who are familiar with the matter. It’s not clear whether Adnoc is in talks for a sale and purchase agreement or an equity stake, or both, the sources said.

Adnoc is not alone in eyeing US’ LNG:Saudi Arabia’s state-owned oil firm Aramco is also eyeing an investment in the second phase of NextDecade’s Texas Port Arthur project that could help expand the facility’s operations by adding a second unit.

#2- The state-owned oil giant is planning to reach a final investment decision on its Ruwais liquified natural gas (LNG) project in 1H 2024, Bloomberg reports, citing people it says are familiar with the plan. Adnoc is planning to use its own funds to expand production, the business information service said. The company plans to start exporting from the Ruwais site, which is set to double LNG export capacity, in 2028.

Background: Adnoc recently inked agreements with China's ENN Natural Gas and Gail India for a supply of at least 1.5 mn metric tons per year of LNG from the new plant.

ICYMI- Adnoc has been ramping up LNG agreements: Adnoc inked LNG export agreements valued between USD 9.4-12 bn (AED 34.5-44 bn) in 2023,including a 14-year LNG supply agreement with the Indian Oil Corporation, a three-year agreement with Total Energies in May and a five-year agreement with Japan Petroleum Exploration in July.

CBUAE launches region’s first ombudsman unit, Sanadak

Consumers can now file complaints against ins. companies and banks via the Central Bank’s (CBUAE) new ombudsman unit,Sanadak, the CBUAE said in a statement. Sanadak will take over consumer complaint handling from the CBUAE’s Consumer Protection Department and Ins. Dispute Resolution Committee. The new unit aims to reduce the need of taking claims to court, the statement said.

How it works: Consumers can submit their complaints via Sanadak's website or mobile application, while people with disabilities and senior citizens can also submit complaints through Sanadak Contact Centre, or in person at the Abu Dhabi office.

Expediting the complaint process: Consumers were required to first lodge a complaint with their bank, and only after 30 calendar days or if they were dissatisfied with the outcome could they escalate the complaint to the CBUAE’s Consumer Protection Department, The National reports.

DP World is close to securing a USD 422 mn facility from Indian banks

Port operator DP World is reportedly finalizing a USD 422 mn (c. AED 1.55 bn) facility for the construction of the mega container terminal at Kandla, Gujarat, according to an Economic Times report picked up by Zawya citing sources familiar with the matter. The financing will come from the National Bank for Financing Infrastructure and Development (NaBFID) and Axis Bank.

The details: NaBFID and Axis Bank will provide a term loan facility of INR 17.5 bn (c. AED 777 mn) each. Axis Bank will provide an additional INR 1.4 bn (c. AED 62 mn) guarantee facility and an INR 1.5 bn (c. AED 66 mn) bn as a hedge facility, Zawya adds.

What was said: “DP World has received confirmation from NaBFID and Axis Bank to fund the project,” according to a Ministry of Ports, Shipping, and Waterways official overseeing Deendayal Port Authority. “DP World will be signing the loan agreement with the banks soon,” he stated.

Background:DP World and India’s Deendayal Port Authority (DPA) signed a concession agreement for the mega container terminal at Kandla, Gujarat back in August. The agreement — valued at USD 510 mn — involves the operation, development, and maintenance of the new terminal through a 30-year public-private partnership. The mega-container terminal will be completed by 2027, with an annual capacity of 2.2 mn TEUs.

Adnoc group + Khalifa University snag sustainability prize in Oil & Gas Middle East award

#1- Adnoc Group saw its sustainable aviation fuel (SAF) production team bag the sustainability initiative of the year award during the Oil & Gas Middle East Awards, according to a statement. A joint initiative with Khalifa University, that utilizes AI-powered vision-based flare analytics to curb methane emissions, was also recognized as the technology innovation of the year.

#2- The General Administration of Abu Dhabi Customshas nabbed the2024 “Game-Changer in Sustainability and Technology” awardin the cargo security category at the Transport & Logistics Middle East awards ceremony, according to a statement.

#3-Etihad Cargo was named “Cargo Airline of the Year” and “Air Cargo Pharma Service of the Year” at the Aviation Achievement Awards, hosted by MEA Business Magazine, according to a statement).

Commercial Bank of Dubai appoints new chairman and deputy chairman

Commercial Bank of Dubai (CBD)appointed Ahmad Julfar (LinkedIn)as its new chairman, and Ahmad Binbyat as deputy chairmanof the board, according to a DFM disclosure (pdf). Julfar joined the bank’s board in March 2018 while serving as director of Emirates Integrated Telecommunications Company (du), following his tenure as group CEO of Etisalat and various other leadership roles, according to the bank’s website.

Binbyat serves as founding chairman and CEO of Zaina Investments and vice chairman of Dubai Chamber of Digital Economy, according to CBD’s website. He was also the founding chairman of du.

#2- Deputy Ruler of Abu Dhabi Sheikh Mohammed bin Hamdan bin Zayed Al Nahyan appointed Sheikh Hazza bin Zayed Al Nahyanas undersecretary for his office, according to an Abu Dhabi Media Office statement.

Brevan Howard’s Abu Dhabi office now runs nearly a third of its assets

Brevan Howard runs almost third of its assets from Abu Dhabi: Investment firm Brevan Howard now manages a third of its assets — some USD 10 bn — from its newly established office in the Abu Dhabi Global Market, more than it manages from its London or New York offices, Bloomberg reports, citing people in the know. Inaugurated in February, the asset manager’s office now comprises 80 people, with plans for an additional floor.

Also getting some ink:The UAE’s USD 35 bn investment in Egypt’s Ras El Hekma has fueled talks between Saudi and Egyptian officials for a separate land investment, after Egypt also secured an USD 8 bn rescue package from the International Monetary Fund, Bloomberg writes.

Infini Capital to manage Asian hedge fund + new hangar in MBRAH

FINANCE-

Infini Capital receives greenlight to manage first Asian hedge fund in ADGM: Hong Kong-based Infini Capital Management secured preliminary approval from Abu Dhabi Global Market (ADGM) to oversee an Asian hedge fund, state news agency Wam reports. This would make Infini Capital the first firm to manage an Asian hedge fund in the UAE.

The company is also launching a new office in ADGM, which will encompass portfolio management, trading, risk, compliance, and investor relations.

AVIATION-

#1- MBRAH, Tim Aerospace kick off construction on MRO hangar: The Mohammed binRashid Aerospace Hub and aircraft maintenance company Tim Aerospace started construction on their new hangar at Dubai South, reports state news agency Wam. The project is expected to be one of the largest wide-body aircraft MRO hangars in the GCC, and is scheduled for completion by 2025. The hangar has the capacity to service up to five aircraft of any type, minus the Airbus A-380.

Background: The aerospace hub originally inked an agreement with Tim Investment back in July 2023 to launch an MRO hangar at Dubai South catering to wide-body aircraft.

#2-Emirates Airlines passengers will be able to fly to domestic cities in Italy and wider Europe from Rome, after the airline expanded its interline with Italian flag carrier ITA Airways to a full codeshare partnership, according to the Dubai Media Office. The codeshare will add one-stop connections to popular European cities from Emirates’ gateway in Rome, pending regulatory approval.

Still to come: At a later stage, the codeshare will offer customers combined ticketing, seamless baggage transfers, and reciprocal loyalty benefits on both airlines' frequent flyer programs. It will also support inbound visitation to Italian points from various regions across the Emirates network, besides Rome and Dubai.

#3- Emirates also inked agreements with Iceland Air and travel technology specialist GO7 to boost cooperation, it said in a statement. The first agreement will see a reciprocal codeshare partnership between Emirates and Iceland Air, offering passengers traveling via Emirates gateways in Europe access to Reykjavik in an initial phase, and more destinations at a later stage. As part of the second agreement, Emirates will use GO7’s resources to provide combined interline and rail tickets through direct and indirect channels.

DEBT-

Binghatti Holding has listed its USD 300 mn sukuk on Nasdaq Dubai, Wam reports. Dubai developer Binghatti’s inaugural USD 300 mn, three-year sukuk issuance saw strong demand, with investors placing USD 621 mn in orders. The listing, which received significant interest from investors worldwide, was 2.1x oversubscribed.

REMEMBER- Dubai luxury developer Binghatti plans to invest AED 30 bn in real estate over the next two years, with a focus on the UAE, Binghatti Vice Chairman Ahmed Binghatti said recently.

INVESTMENT-

A Saudi-Emirati consortium is funding a new commercial and residential project in Egypt: Egypt’s Sovereign fund-owned Nilus Hotel and Commercial Services and Nilus Residential Services obtained Egypt’s approval to build two commercial and residential towers on the National Democratic Party’s former headquarters on the banks of the river Nile in downtown Cairo, according to a decision published in Egypt’s Official Gazette. The USD 5 bn projects are due for completion in 2Q 2028.

Background: A consortium comprising Emirati construction company Al Shafar Group and Saudi Egyptian Developers reportedly funded the project by increasing the capital of Nilus Hotel and Commercial Services and Nilus Residential Services, Asharq Business reported last September, citing three sources in the know, without clarifying the exact size of the increase.

Zeroe gets seed funding boost from Voyagers: Climate tech company Zeroe has secured a seed funding boost from the Voyagers ClimateTech Fund taking its total raise to USD 2.3 mn, Wamda reports. The startup secured USD 2.2 mn in seed funding in November, in a round solely led by Indonesian investor Owen Rahadiyan. The funds will be used to support the company’s expansion plans in MENA and Southeast Asia.

About the startup: Established in 2022, Zeroe is a software platform designed to accelerate corporate decarbonization by automating the process of carbon accounting and facilitate easier access to capital for decarbonization efforts.

TECH-

Ras Al Khaimah (RAK) Police will use G42-owned company Presight’s big data analytics and AI to ramp up public safety, after the two inked an MoU on the sidelines of the World Police Summit in Dubai, according to an ADX disclosure (pdf). The agreement will also see RAK Police train its staff on AI, and use Presights tech and analytics services for digital decision making.

Africa Legal Tech, an online platform connecting clients with lawyers, will set up shop in Dubai, according to a press release. The company is planning to expand its operations and wants to initiate a funding round in Dubai this year.

CRYPTO-

Digital asset manager Nexo receives green light from VARA: Crypto platform Nexo received initial approval from Dubai’s Virtual Assets Regulatory Authority to operate its Dubai arm, Nexo Services, in the emirate, according to a press release. “From the UAE, the global leader for vision, governance, and innovation, Nexo aims to contribute to the regional ecosystem through pioneering lending, brokerage, management, and investment solutions,” said Nexo co-founder, CFO, and managing partner, Kalin Metodiev.

BANKING-

First Abu Dhabi Bank (FAB) inked a long-term global partnership agreement with Mastercardto boost digital payments and AI integration in the UAE, Saudi Arabia, Oman, and Egypt, Mastercard said in a statement.

EDUCATION-

Dubai launches AED 1 bn educational endowment fund: Dubai’s government hasset up an AED 1 bn endowment fund aimed at improving education worldwide, Dubai ruler Mohammed bin Rashid Al Maktoum said on X (watch, runtime 1:32). The fund is launched under the Mothers’ Endowment campaign, allowing individuals to donate to the fund in their mothers’ names.

The Defense Ministry and Masdar forged a partnership to develop multiple solarplants across Abu Dhabi, with Masdar-EDF Group JV Emerge Energy providing a full turnkey solution for the projects, covering finance, design procurement, construction, operations, and maintenance for 25 years, according to a press release.

MANUFACTURING-

ADU project plans to make more affordable cochlear implants: A new initiative by Abu Dhabi University and Swiss tech company Neubio, dubbed “UAE Hears the World,” looks to locally manufacture cochlear implant devices at more affordable prices, reports The Nationa l. The implants will be priced at USD 10-12k, against global prices ranging from USD 27-68k. ADU and Neubio will donate 50 electric-free hearing aids to UAE-based organizations ahead of Ramadan, with plans to make them first available to Emiratis, and residents at a later stage.

**This story was amended to reflect the correct name for Infini Capital on 3 March, 2024. An older version of the story had erroneously referred to it as Infinity Capital.

Markets rally on hopes of a June rate cut

ECB hints at June rate cut: The European Central Bank (ECB) maintained borrowing costs at historically high levels yesterday but hinted at a shift, with a first interest rate cut potentially coming in June following the publication of wage data, Reuters reports. “We will know a little more in April, but we will know a lot more in June,” ECB President Christine Lagarde said at a press conference.

Meanwhile, across the Atlantic, Federal Reserve Chair Jerome Powell said it was “not far” from the confidence it needs in a sustained decline of inflation to 2% before considering rate cuts, Reuters reported separately. Powell’s remarks helped spur investor confidence in a potential June rate cut, leading to a rally in the S&P 500 that led to a record closing high yesterday, Reuters writes. The Nasdaq also hit an intraday record high and narrowly missed a closing high, settling up 1.5%.

	ADX	9,225	+0.0% (YTD: -3.7%)
	DFM	4,236	-0.3% (YTD: +4.4%)
	Nasdaq Dubai UAE20	3,693	-0.1% (YTD: -3.9%)
	USD : AED CBUAE	Buy 3.67	Sell 3.67
	EIBOR	5.1% o/n	5.3% 1 yr
	TASI	12,577	+0.1% (YTD: +5.1%)
	EGX30	31,300	+5.2% (YTD: 25.7%)
	S&P 500	5,157	+1.0% (YTD: +8.1%)
	FTSE 100	7,692	+0.2% (YTD: -0.5%)
	Euro Stoxx 50	4,974	+1.2% (YTD: +10.0%)
-	Brent crude	USD 82.96	0.0%
	Natural gas (Nymex)	USD 1.89	-1.16%
	Gold	USD 2,169.60	+0.20%
	BTC	USD 66,885.58	+1.01% (YTD: +58.91%)

THE CLOSING BELL-

The DFM fell 0.3% yesterday on turnover of AED 305.6 mn. The index is up 4.4% YTD.

In the green: Ithmaar Holding (+14.9%), Orascom Construction (+7.0%) and Ajman Bank (+4.4%).

In the red: National International Holding Company (-10.0%), Al Salam Sudan (-9.9%) and Dubai Islamic Bank (-8.0%).

Over on the ADX, the index stayed flat, on turnover of AED 947.2 mn. Meanwhile Nasdaq Dubai closed down 0.1%.

CORPORATE ACTIONS-

#1- Our friendsat Mashreq approved a dividend payout of AED 3.71 bn for 2023, according to DFM disclosure (pdf). The dividends amount to AED 18.5 per share, representing 185% of the paid-up capital.

#2- The Commercial Bank of Dubai (CBD) approved a dividend payout of AED 1.32 bn for 2023 during its annual general meeting, according to a DFM disclosure (pdf).

#3-Abu Dhabi Aviation’s board proposed a dividend payout of AED 111.2 mn for 2023, according to an ADX disclosure (pdf). The company will make the final decision in its upcoming annual general meeting on 16 April.

#4-Ajman Markets Cooperative Society approved the distribution of 15% dividends toshareholders for 2023, Al Khaleej reports. The company’s total revenue reached AED 146.3 mn, with the shareholder count rising to 3.6k compared to the previous year.

#5-Healthcare services provider Burjeel Holdings’ board agreed to pay AED 65 mn in dividends to its shareholders for its 2H 2023 earnings, equivalent to 12.5% of its share capital, according to an ADX disclosure (pdf).

#6- Gulf Medical Projects’s board approved a dividend payout of AED 69.9 mn for 2023, according to an ADX disclosure (pdf).

#7-Dubai Investments’ board approved a dividend payout of AED 531.5 mn for 2023, according to DFM disclosure (pdf).

UAE economic forums with Japan, Switzerland explore boosting economic and trade ties

UAE + Switzerland hold Economic Forum, explore boosting trade: Foreign Trade Minister Thani bin Ahmed Al Zeyoudi met with several Swiss government officials and private sector players while heading a high-level delegation to Bern and Basel, Switzerland, to discuss advancing bilateral ties and growing trade relations, state news agency Wam reports. During the visit, Al Zeyoudi met with Swiss Economic Affairs Minister Helene Budliger Artieda in Bern, where they launched the Swiss-UAE Economic Forum, which brought together Emirati and Swiss investors to explore potential investments in both nations.

Gov’t to partner with pharma giant Novartis? The delegation discussed potential partnerships between the newly launched Emirates Drug Establishment and Swiss pharma firm Novartis during a visit to the company’s headquarters.

UAE, Japan talk explore economic, energy cooperation: The Abu Dhabi Department of Economic Development and the Japan Cooperation Center for the Middle East discussed expanding and diversifying economic relations via the Japan-UAE Innovation Partnership at the latest Abu Dhabi-Japan Economic Council in Abu Dhabi, reports Wam. The meeting focused on marking off sustainable development goals in fields including energy, green innovation, education, and human resources development.

Fast fact: Japan is the UAE’s third largest trading partner, with total trade volume exceeding USD 38.2 bn in 10M 2023. The countries inked over 20 agreements in July 2023.

OTHER DIPLOMACY NEWS-

State Minister for Financial Affairs, Mohammed bin Hadi Al Husseini, held a meeting with Amina Mohammed, the Deputy Secretary-General of the United Nations, to discuss the importance of international collaboration in achieving sustainability goals and potential areas for mutual cooperation. (Statement)

CALENDAR

MARCH

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

5-12 March (Tuesday-Tuesday): Subscription period for retail investors for Parkin’s IPO.

5-13 March (Tuesday-Wednesday): Subscription period for institutional investors for Parkin’s IPO.

7-9 March (Thursday-Saturday): UAE Powerboat Class 3 Championship, Abu Dhabi Corniche.

8 March (Friday): Future Women Leaders Forum 2024, Fairmont Dubai.

8-9 March (Friday-Saturday): World Triathlon Championship Series 2024 Opening Race, Yas Marina Circuit on Yas Island.

11/12 March (Monday/Tuesday): Start of Ramadan.

11 March (Monday): Dubai’s PMI figures are out.

21 March (Thursday): Parkin shares begin trading.

APRIL

TBC April: DRIFTx, Abu Dhabi.

9/10 April (Tuesday/Wednesday): End of Ramadan, public holiday.

8-12 April (Monday-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): EcoWASTE Exhibition and Forum, Abu Dhabi National Exhibition Centre

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

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

24-25 April (Wednesday-Thursday): Ras Al Khaimah Investment and Trade Summit, Rak Exhibition Centre.

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

23-25 April (Tuesday-Thursday): Argus Fertilizer Asia Conference, Abu Dhabi.

24-26 April (Wednesday-Friday): Global Education & Training Exhibition.

24 April-1 May (Wednesday-Wednesday): Abu Dhabi Mobility Week.

29-30 April (Monday- Tuesday): Dubai World Ins. Congress, Atlantis, The Palm.

MAY

6-7 May (Monday-Tuesday): Dubai Fintech Summit 2024, Madinat Jumeirah.

7-9 May (Tuesday-Thursday): AIM Congress 2024, Abu Dhabi.

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

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

14-16 May (Tuesday-Thursday): The Airport Show, Dubai World Trade Centre.

15 May (Wednesday): HFM Summit, DIFC.

18-26 May (Saturday-Sunday): Abu Dhabi Comedy Week, Abu Dhabi.

JUNE

2-4 June (Sunday-Tuesday): The World Air Transport Summit and International Air Transport Association (IATA)’s annual general meeting, Dubai.

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.

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

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