Asian wealth managers are flocking to Dubai

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WHAT WE’RE TRACKING TODAY

President bin Zayed in Baku + Adnoc is acquiring 10.1% of Storegga

Good morning, wonderful people, and welcome what is shaping to be a rather mellow Tuesday.

THE BIG STORY here at home is Adnoc acquiring a 10.1% stake in UK carbon capture company Storegga, as part of the company’s fourth funding round. Adnoc’s equity investment marks the first time Storegga has received funding from the MENA region.

ALSO- Did you feel the earthquake last night? A small earthquake with a magnitude of 2.8 was recorded in Ras Al Khaimah’s Masafi just after 11pm last night, Gulf News reported.

HAPPENING TODAY-

President Mohamed bin Zayed is in Azerbaijan today, heading a government delegation as part of a state visit, Wam reports. The president touched down in Baku yesterday following an invitation from Azeri President Ilham Aliyev. No information was provided on the duration or details of the visit.

PUBLIC SERVICE ANNOUNCEMENTS

#1- You can now pay your traffic fines in installments if you bank with ADCB, FAB or Emirates Islamic, through Abu Dhabi’s Integrated Transport Center’s (ITC) newly rolled-out facilitated payment service, ITC said. The new service allows the banks’ customers to pay their fines through several installments, with a minimum value of AED 3K per installment.

#2- Traffic on Umm Suqeim could get better soon: Dubai’s Road and Transport Authority (RTA) is allocating AED 332 mn to develop the 4.6 km strip of Umm Suqeim Street from Al Khail Road to Sheikh Mohammed bin Zayed Road, according to a statement. The project will see the construction of an 800 meter tunnel with four lanes in each direction of Al Barsha South Street, with a signalized surface intersection connecting both east-west and north-south streets.

Travel times are expected to be slashed to nearly four minutes, down from almost 10, benefiting some 16k travelers per hour on Al Barsha South 1, 2, and 3, and Dubai Hills.

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THE BIG STORY ABROAD-

Senior Hezbollah commander killed in Israeli strike: An Israeli airstrike in the Southern Lebanese village of Majdal Selm on Monday killed the deputy head of Hezbollah's elite Radwan force Wissam Al-Tawil. This comes less than a week after another Israeli airstrike in the southern suburbs of Lebanon’s capital killed Hamas deputy leader Saleh Al-Arouri among six people. (Reuters | The Associated Press)

CIRCLE YOUR CALENDAR-

The 1 Bn Followers Summit is coming to Dubai tomorrow and Thursday. The event will feature more than 20 workshops on social media management skills, from creativity, to monetisation strategies, to platform growth, Wam reports.

The Mohammed Bin Rashid Al Maktoum Creative Sports Award ceremony will be held in Dubai tomorrow.The ceremony will celebrate 30 creative athletes, teams, personalities and institutions from across the UAE, the Arab region and the world.

Falcon championship to kick off on Friday: The Abu Dhabi Falconers Club will host the president’s 16-day Cup Falcon Competition, which will kick off this Friday and run until 27 January at Abu Dhabi’s Al Falah Field, Wam reports.

The Dubai International Project Management Forum (DIPMF) will be coming to the Madinat Arena in Madinat Jumeirah between 15-18 January (Monday-Thursday). DIPMF 2024 will focus on three topics: Sustainability, modern methods of project management, and future trends and technology, GDN reported.

iFX EXPO Dubai 2024 kicks off next week: The three-day fintech and online trading expo iFX EXPO Dubai 2024 starts on 16 January at the Dubai World Trade Centre. Check out the full agenda here.

Sharjah Entrepreneurship Center calls for 2024 SEFFY nominees: The Sharjah Entrepreneurship Festival (SEF), organized by the Sharjah Entrepreneurship Center (Sheraa), has launched the 2024 SEFFY Awards to recognize impactful startup founders and mentors for their achievements in the startup scene throughout 2023, Wam reports. You can submit your nomination here by 18 January. The results will be out on 3 and 4 February.

Calling all classic car enthusiasts: Sharjah is set to host its inaugural Classic Car Festival from 2-4 February.The festival will showcase vintage vehicles and offer educational and entertainment activities, Zawya reports. Organized by the Sharjah Old Car Club, the event is set to be the largest vintage car gathering in the UAE and the region.

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

Adnoc makes first international investment in UK-based carbon capture and storage firm Storegga

Adnoc acquires minority stake in UK carbon capture company Storegga: State-owned Abu Dhabi National Oil Company (Adnoc) has acquired a 10.1% stake in Storegga, a UK-based carbon capture company specializing in CCS projects worldwide, according to a statement. The acquisition marks Adnoc's first international equity investment in carbon management and the first time Storegga receives funding from the MENA region. The financial details of the transaction were not disclosed.

The equity funding from Adnoc came as part of a fourth funding round for Storegga, which saw follow-on investments from existing shareholders including Singapore’s GIC and Australia’s Macquarie, according to a separate statement from Storegga. “The funds raised will be used for delivery of ongoing projects and business development activities across the company,” the statement added.

About Storegga: The company has a portfolio of CCS projects in the UK, US, and Norway, including the Acorn CCS project in Scotland, which is expected to store up to 10 mn tons of CO2 per year by 2030. Storegga is also working on green and blue hydrogen projects in Scotland. The partnership between Adnoc and Storegga will leverage their expertise and resources to accelerate the deployment of CCS and carbon removal technologies.

Adnoc’s investment in carbon capture is no surprise: Adnoc had allocated USD 15 bn last year to low-carbon solutions and decarbonization technologies and aims to capture 10 mn tons of CO2 annually by 2030.

Adnoc has other plans in the works: Adnoc revised its net zero plan in August, targeting net zero in 2045 instead of 2050. Adnoc also announced in September a final investment decision to set up one of the MENA region’s largest carbon capture projects. The Habshan project will have the capacity to capture and permanently store 1.5 mn tons annually of CO2 within geological formations underground.

Ikigai Steel to set up AED 30 mn steel plant in Sharjah’s Hamriyah Free Zone

Ikigai steel to set up shop in Sharjah: Sharjah’s Hamriyah Freezone Authority (HFZA) signed an agreement with steel manufacturer Ikigai Steel to set up a new steel factory in the freezone with an initial investment amounting to AED 30 mn, according to a press release. The steel firm will invest the initial AED 30 mn into the development of the 51k sqm steel factory, which will have an annual production capacity of 30k tons of steel.

More details: The factory will create some 500 jobs and will focus on producing high-quality steel products to be exported to “the local and regional markets, including Saudi Arabia and Qatar,” the company’s chairman said. No further details indicating the timeline for the project were disclosed.

HFZA has been getting recent attention from industrial investors: US energy services firm Halliburton signed an agreement with HFZA earlier this month to build a high-tech facility to manufacture drilling tools for the oil industry. The freezone is aiming to attract more investors from the heavy industry sector. “HFZA pays special attention to this sector, considering it a crucial pillar in the ongoing economic development, particularly in light of the mega projects underway in the Emirate of Sharjah and the UAE. There is a growing demand for iron and steel products to support vital projects,” HFZA director Saud Salim Al Mazrouei said.

First Abu Dhabi Bank sets price guidance for sukuk issuance

First Abu Dhabi Bank (FAB) set the final price guidance for its 5-year benchmark-sized USD-denominated sukuk at 85 basis points (bps) over US treasuries, Reuters reports. The spread was revised downwards from an earlier guidance of 100 bps. The shariah-compliant bonds are part of a USD 5 bn trust certificate issuance program that was announced last January, according to the prospectus (pdf).

Orders rolled in: The bank received USD 1.45 bn in orders over the course of the day yesterday, leading the bank to narrow the spread, according to Reuters. The exact size of the issuance has not been publicly announced, but benchmark issuances are typically set at a minimum USD 500 mn.

Advisors: Dubai Islamic Bank, Emirates NBD Capital, HSBC, KFH Capital, Sharjah Islamic Bank, Standard Chartered Bank and The Islamic Corporation for the Development of the Private Sector are joint lead managers and bookrunners, according to Reuters.

FAB’s sukuk marks the first non-sovereign issuance of the year in the UAE. The Emirati market saw some AED 28,7 bn sukuk issuances (c. USD 7.8 bn) in 1H 2023 alone.

ADQ-backed Lunate to launch maiden Indian stocks ETF

GCC investors will soon be able to trade in Indian equities via a new ETF: Chimera Investment’s Abu Dhabi-based alternative investment arm Lunate Capital is set to launch the GCC region’s first exchange-traded fund (ETF) for Indian stocks, Lunate said in a statement. The firm’s index — dubbed the Chimera S&P India Shariah ETF — will track the performance of Shariah-compliant equities listed on the Bombay Stock Exchange.

About the fund: The investment manager will list the fund on the ADX, offering the stock market’s investors “direct access to the world’s fifth-largest stock market and one of the fastest-growing economies globally,” Lunate said.

Timeframe: The subscription period kicks off this Friday and runs through to next Tuesday, 17 January, with trading expected to commence on 26 January for AED 3.67 per unit. The index will cover some of the biggest Shariah-compliant Indian stocks, including Reliance Industries, Infosys, and Tata Consultancy Services, Bloomberg reports.

Indian stocks are on the rise: Chimera Capital-backed Lunate is launching the fund on the back of S&P India Shariah Liquid 35/20 Capped Index ’s strong performance, according to Bloomberg. S&P’s AED-denominated index for Indian stocks — which was launched in 2022 — posted 16% growth last year. India’s National Stock Exchange’s (NSE) benchmark index, NIFTY 50, jumped 20% in 2023, outperforming the MSCI Asia Pacific Index, and is expected to keep up the growth momentum in 2024, Bloomberg reported separately.

The UAE is eyeing more investments in India: The government is planning to invest up to USD 50 bn in India, Bloomberg reported back in November. Abu Dhabi is looking to invest in India, its second-largest trading partner, on the basis of provisional investment pledges, expected to be inked early 2024.

ICYMI- Lunate will soon be transferred to Abu Dhabi’s USD 239 bn International Holding Company’s (IHC) 2PointZero, a holding company that will hold some AED 100 bn (USD 27 bn) of assets. Other companies to be folded into the new entity will include Chimera Investment, crypto mining player Citadel Technologies, Middle-East-focused Sagasse Investments, Egypt’s Beltone Financial Holding, as well as Abu Dhabi’s International Resources Holding.

Travel tech player Lokalee closes USD 5.6 mn round + Agri-trade fintech Maalexi raises USD 3 mn

Two local startups closed pre-series A funding rounds, with Maalexi securing USD 3 mn and Lokalee raising USD 5.6 mn.

#1- Dubai-based AI-enabled travel tech startup Lokalee closed a USD 5.6 mn pre-series A funding round led by Crown Private Fund, Wamda reports. The round also saw participation from three unnamed “strategic investors with a hotel and technology background,” according to Wamda.

Where the money is going: The funding will be used to finance product development, which includes rolling out “a trip planner combining AI technology with curated data provided by humans,” Wamda reports. Lokalee also plans to use the investment to support its geographical expansion plans, specifically in European markets. No details were provided on which countries the company is eyeing, nor its projected timeline for launching in these markets.

About Lokalee: The AI-powered platform provides users with information about accommodation options — including hotels and vacation homes — as well as dining and experience recommendations in various destinations. The platform also allows users to book accommodation and experiences, which are “sourced by Lokal Curators.” The company launched in Saudi Arabia, Austria, and Germany last year.

#2- Agri-trade fintech firm Maalexiracked up USD 3 mn in a pre-series A funding round,according to a press release. The funding was led by MENA venture capital giant Global Ventures, which joined the startup’s investors alongside Amsterdam’s Rockstart and New Delhi’s Ankurit Capita l.

Where will the funds go? Maalexi plans to direct the capital to improve its platform and cross-border procurement for SME agri-buyers and sellers. The firm is also planning to boost customer acquisition in the UAE and in Saudi Arabia and more than 50 other countries, the statement said.

About Maalexi: Founded in 2021 by Azam Pasha (LinkedIn) and Rohit Majhi (LinkedIn), Maalexi offers risk management services, including digital contracts, AI-powered inspections, and blockchain-authenticated documentation for SME agri-businesses operating in food security. The firm has facilitated the procurement of food supplies across 70 products from 27 countries and recorded a cumulative monthly growth rate of 60% last year.

ADX gets new chairman + 2PointZero names Sheikh Zayed Al Nahyan as Chairman and Mariam Almheiri as CEO

ADX gets new chairman..: Sovereign wealth fund Abu Dhabi Developmental Holding Company (ADQ) has appointed Ghannam Butti Al Mazrouei (LinkedIn) as the new chairman of the Abu Dhabi Securities Exchange (ADX), according to a company statement. Al Mazrouei also serves as Secretary General of the Emirati Talent Competitiveness Council and is on the boards of Abu Dhabi Retirement Pensions & Benefit Fund and AafaQ Islamic Finance.

…and two new board directors: Head of Human Capital at ADQ Reem Beljafleh (LinkedIn) and Director of Financial Services at ADQ Jawad Shafique (LinkedIn) also joined ADX as new board directors. Beljafleh boasts over 15 years of experience in human resource practices, improving employee performance, and talent management, while Shafique has 18 years of experience in investment management, M&A, turnarounds, and corporate restructuring.

2PointZero appoints chairman and CEO: Recently launched subsidiary of International Holding Company (IHC) 2PointZero has appointed current Climate Change and Environment Minister Mariam Almheiri (LinkedIn) as its CEO, according to an ADX disclosure (pdf). The company has also appointed Chairman of the National Media Office Sheikh Zayed bin Hamdan bin Zayed Al Nahyan as its chairman.

REMEMBER-Earlier this month, Abu Dhabi's International Holding Company established 2PointZero, a new holding company with assets worth USD 27 bn, encompassing Chimera Investment, Lunate, Citadel Technologies, Sagasse Investments, Beltone Financial Holding, and International Resources Holding. IHC will retain an 87% ownership stake in 2PointZero, with the remaining 13% ownership remaining undisclosed.

Just football on UAE X

There’s not much going on in the Twitterverse, save for praise for Liverpool FC’s Luiz #Diaz, who scored a 93rd minute goal to secure a 2-0 victory over Arsenal on Sunday, thus qualifying Liverpool to the next round of the FA Cup.

He’s not the only player trending:Trent Alexander-Arnold, and Arsenal’s Bukayo Saka are also making the rounds on X.

Blinken’s stop in Abu Dhabi leads international headlines on the UAE

US Secretary of State Antony Blinken’s visit to Abu Dhabi yesterday is topping coverage of the UAE in the international press, after he sat down with President Mohamed bin Zayed Al Nahyan. We have more on the story in Diplomacy, below. (Reuters | Bloomberg | France24 | Washington Post)

e& Enterprise partnering with fintech Fils + Abu Dhabi farms using more recycled water

FINTECH-

e& Enterprise + partners with ESG-focused fintech platform: e&’s tech solutions arm e&Enterprise inked an agreement with fintech platform Fils to incorporate Fils’ platform into e& enterprise’s digital payment platform, the companies said in a press release. Through the integrated platform, UAE-based businesses will be able to track, calculate, and reduce their carbon footprint through tools that can help businesses calculate and offset their carbon emissions.

SUSTAINABILITY-

Upwards of 1.6k farms in Abu Dhabi will use recycled water: In a bid to alleviate pressure on groundwater resources, the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), in partnership with Abu Dhabi’s energy department, environment agency, Taqa, Al Ain Distribution Company, and Abu Dhabi Sustainable Water Solutions Company, have launched a delivery plan to distribute recycled water to 1.6k farmers in Abu Dhabi, according to an Abu Dhabi Media Office statement. Taqa and its partners have set up pipelines distributing 150k cubic meters per day to farms in Al Khatam, Khazna, and Nahda, meeting the recycled needs of 73 cubic meters daily per farm. The delivery plan aims to save groundwater by preventing pumping from around 4.8k wells, effectively preventing wells from extracting up to 250k cubic meters a day.

REAL ESTATE-

Damac Properties has awarded USD 81.74 mn in works contracts for its Damac Hills 2 project, reports Mubasher. The Emirati property developer awarded a AED 210 mn contract to China Tiesiju Civil Engineering Group Company's (CTCE) Dubai branch for the construction of 439 villas and townhouses, while Infra Nets Contracting was awarded a separate contract for road and infrastructure works. Construction on the Damac Hills 2 project is currently underway, with Damac awarding AED 236 mn in October for the neighborhood’s Camelia cluster.

Asian wealth managers look at Dubai

Goodbye, Hong Kong + Singapore. Hello, Dubai: More Asian wealth managers are looking to set up shop in Dubai as wealthy individuals, particularly from China, seek to capitalize on business-friendly policies and high growth prospects, Reuters reports. Among 76 Asia Pacific family offices surveyed by Campden Wealth and Raffles Family Office, just 1% currently put their money in the Middle East, but 7% are thinking of investing more in the region due to favorable tax policies, strong post-covid economies, neutral political stances and souring China-US ties. Dubai’s recently launched Family Wealth Center also provides further incentives for investors, as well as its golden visa option.

Who’s coming? Chinese wealth manager Noah Holdings, with around USD 23 bn in assets, aims to secure a Dubai license by the end of the year. Farro Capital from Singapore also recently set up shop in Dubai, and Hong Kong’s Tsang Group plans further expansion into Abu Dhabi and Riyadh following its 2022 Dubai launch. Hong Kong’s Landmark Family Office, led by CEO Cameron Harvey, is gearing up to open an office in Dubai to assist clients from China, Southeast Asia, and Australia.

MEANWHILE- Asian markets are solidly in the green this morning after yesterday’s selldown. Japan’s Nikkei leads the pack, up a bit more than 1.3% at dispatch time. Notably, even the KRX’s Kospi is up this morning despite index heavyweight Samsung warning that operating profit for 4Q could be down as much as 35%. Futures suggest European benchmarks should open in the green later this morning, while this afternoon Wall Street is on track to start the day in the red.

ADX	9,712	+0.5% (YTD: +1.4%)
DFM	4,089	0.0% (YTD: +0.7%)
Nasdaq Dubai UAE20	3,851	+1.0% (YTD: +0.2%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	5.1% o/n	5.1% 1 yr
TASI	12,252	-0.3% (YTD: +2.4%)
EGX30	25,345	0.0% (YTD: +1.8%)
S&P 500	4,7642	1.4% (YTD: -0.1%)
FTSE 100	7,694	+0.1% (YTD: -0.5%)
Euro Stoxx 50	4,485	+0.5% (YTD: -0.8%)
Brent crude	USD 76.24	+0.2%
Natural gas (Nymex)	USD 70.79	+0.03%
Gold	USD 2,040.40	+0.34%
BTC	USD 46,807.11	+6.9% (YTD: +5.7%)

THE CLOSING BELL-

The ADX rose 0.5% yesterday on turnover of AED 1.15 bn. The index is up 1.4% YTD.

In the green: National Bank of Umm Al Qaiwain (+10.9%), Easy Lease Motorcycle Rental (+7.7%) and First Abu Dhabi Bank (+4.0%).

In the red: Sudatel Telecommunications Group (-5.4%), E7 Group (-4.5%) and Commercial Bank International (-4.2%).

The DFM remained flat yesterday on turnover of AED 304.24 bn. The index is up 0.7% YTD.

Blinken, bin Zayed say a ceasefire is critical in Gaza

Blinken, bin Zayed talk Gaza in Abu Dhabi: A ceasefire in Gaza must be implemented and humanitarian corridors opened, while ensuring that the conflict between Israel and Hamas doesn’t spill over and cause regional instability, President Mohamed bin Zayed told US Secretary of State Antony Blinken during a meeting at Qasr Al Shati yesterday, Wam reports. Blinken also emphasized the need for a peaceful solution to the conflict in Gaza as well as the US’ commitment to “securing lasting regional peace that ensures Israel’s security and advances the establishment of an independent Palestinian state,” according to a US State Department statement.

Blinken also laid out the US’ long-term goals: “First, that Israel and Israelis should be able to live in peace and security, free from the fear of terrorist attacks or aggression from any of their neighbors; second, that the West Bank and Gaza should be united under Palestinian-led governance; third, the future of the region needs to be one of integration, not division and not conflict; and fourth, for that to happen, we need to see the establishment of an independent Palestinian state,” he said in remarks to the press yesterday, according to a readout.

REMEMBER- Blinken’s visit to the UAE is part of his fourth tour of the region since the war in Gaza broke out. His Middle East tour will also take him to Egypt, Israel, and the West Bank, and saw him make stops in Qatar, Turkey, Greece, and Jordan. The State Department shows Blinken as being in our part of the world from 4-11 January.

OTHER DIPLO NEWS WORTH KNOWING-

SCI lends a helping hand to Mauritania: Sharjah Charity International (SCI) director Mohammed Abdulrahman Al Ali dispatched a container loaded with 44 medical beds, 16 wheelchairs, and artificial respirators to Mauritania’s senior care and disability centers on Sunday. (Sharjah24)

CALENDAR

JANUARY

8-11 January (Monday-Thursday): SteelFab 2024, Sharjah Expo Centre

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.

10 January (Wednesday): Mohammed Bin Rashid Al Maktoum Creative Sports Award

10-11 January (Wednesday-Thursday): 1 Billion Followers social media summit, Emirates Towers and Museum of the Future, Dubai.

15-18 January (Monday-Thursday): Dubai International Project Management Forum (DIPMF) 2024, Madinat Arena, Madinat Jumeriah

16-18 January (Tuesday-Thursday): iFX EXPO Dubai 2024, Dubai World Trade Centre.

19 January (Friday): The Abu Dhabi Extreme Championship 2 (ADXC 2), Mubadala Arena. UFC champions Aljamain Sterling and Chase Hooper will be in the ring.

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

23-25 January (Tuesday-Thursday): The Unmanned Systems Exhibition (UMEX) and the Simulation and Training Exhibition (SimTEX), Abu Dhabi National Exhibition Centre (ADNEC), Abu Dhabi.

26-28 January: Dubai Challenge Cup

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

FEBRUARY

2-4 February (Friday-Sunday): Sharjah Classic Cars Festival.

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.

28-29 February (Wednesday-Thursday): UAE delegation attends ‘Invest in Austria’ conference, Vienna.

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.

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