COP28 draft text brings in mixed reviews

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WHAT WE’RE TRACKING TODAY

It’s the last day of COP28 + US Federal Reserve begins its meeting

Good morning, wonderful people. Compared to the last several days of the avalanche-style news flow, we bring you a lighter (but still plenty meaty) issue with which to start your Tuesday.

THE BIG STORY here at home is the winding-down of COP28 as we enter the final (official) day of the climate summit in Dubai, including the progress on a draft policy agreement as well as another cohort of energy agreements being signed at the event.

A BRIEF LOOK AT COPLAND- We have a draft agreement — with no phase out: Only hours after UN head António Guterres called on world leaders to “end the fossil fuel age and deliver climate justice,” a draft plan — the first to propose a shift away from fossil fuels — has dodged any references to the phaseout of fossil fuels, the Financial Times reports. Instead it includes language pertaining to the reduction in “consumption and production of fossil fuels, in a just, orderly and equitable manner so as to achieve net zero [carbon emissions] by, before, or around 2050 in keeping with the science.”

What happens now: Delegates from each participating country are lobbying and being lobbied on the final language, with the EU, small nations, and the United States firmly in one camp, and Arab and producing countries in the other. If there’s no agreement today, talks go into overtime. Under UN rules, any single country can block the adoption of the agreement.

** We have chapter and verse in the news well below.

** You’re reading Zero Issue #12 of EnterpriseAM UAE.

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

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SIGN OF THE TIMES- Dubai rent is still rising: Rent in Dubai increased by another 5% y-o-y in 3Q 2023, making it the 11th consecutive quarter of rent price increases, according to the Autumn 2023 Dubai Residential Market Review. The luxury property segment was the main driver of price increases, with luxury estate prices up by 4.5% Q-o-Q and villa prices surging past their 2014 market peak by nearly 9%. Average market prices still sit below their 2014 record, making room for further growth anticipated to reach 15% in the next year.

Tenants are holding onto longer contracts: Dubai tenants are increasingly opting for multi-year contracts to safeguard against potential increases, Zawya reports, citing a leasing manager at Better Homes. Property Finder data also indicates an 11% y-o-y increase in rental contracts, approximately half of which are renewals locking in initial prices.

Abu Dhabi has licensed the region’s first brewery, reports Bloomberg.Scheduled to soft launch before the end of December, commercial beer brewery Craft by Side Hustle is set to produce up to 25k pints of beer a month from its Abu Dhabi Al Maryah Island site. Craft’s parent company first introduced the UAE to its US-produced alcoholic beverages in 2019. The restaurant plans to serve 75 different types of beer over the next year, initially importing most of its ingredients.

Remember: Abu Dhabi’s Department of Culture and Tourism issued a rule change in 2021, allowing license holders to ferment ethanolic drinks on-site.

Startup develops new method of harnessing clean energy: Dubai-based startup Hydro Wind Energy has developed a hybrid hydro-wind energy system to generate clean energy, The National reports. The system integrates two renewable energy sources — offshore altitude wind harnessed using kites or vertical axis wind rotors and subsea oceanic pressure — to generate low-cost clean electrical energy and grid scale energy storage, according to the company’s website.

No traditional limitations: The company’s tech can harness energy from hurricane-level winds with speeds of up to 40 meters per second, which conventional wind turbines cannot do, CEO Lee Kind told the National. The tech is also cost-effective, costing a fraction of conventional offshore wind farms which have high construction costs. It is also omnidirectional — capturing wind from all angles — unlike current offshore turbines.

THE BIG STORY ABROAD-

The two big stories this morning vying for your attention aren’t business-related.

#1- Arab world steps up diplomatic pressure for Gaza ceasefire: The UN General Assembly will convene today to vote on a non-binding resolution demanding an immediate ceasefire in Gaza as the humanitarian crisis on the ground reaches catastrophic levels. The emergency meeting was called by Egypt and Mauritania after the US blocked another resolution at the Security Council last week despite the UN and aid agencies warning of starvation conditions and the imminent collapse of public order.

The UAE flew a dozen envoys of UN Security Council members into Rafah, on Egypt’s border with Gaza. Several reiterated calls for an immediate ceasefire after the visit. China, Russia, and the UK were among the P5 members to attend. The US and France gave the visit a pass.

IN BUSINESS news:

Google has lost a big antitrust suit after a jury in California found the tech giant used its Play Story to unfairly profit at the expense of game maker Epic. (The Verge)
Competition watchdogs in the US and UK are looking at OpenAI and Microsoft, precursors to potential antitrust probes. (Financial Times)
India has overtaken Hong Kong to become the world’s seventh-largest stock market by market capitalization as “optimism grows” about the country’s economy. (CNBC)

The US Federal Reserve begins its two-day policy meeting today where for the first time in almost two years the key question is not when the central bank will raise interest rates, but when it will cut them. Don’t expect any firm indicators about when this might happen, though: the key task for Fed officials is to temper the recent overexcitement in the financial markets, which are pricing in rate cuts earlier than they would like in 2024, according to the Financial Times.

CIRCLE YOUR CALENDAR-

The MENA region’s largest trade show for organic and natural products, Organic &Natural Expo Dubai, returns to Dubai World Trade Centre from 12-14 December.

The world’s first angel investor summit, Super Angels, is happening this Friday and Saturday at the Abu Dhabi Center. The summit runs from 8am to 5pm on both days.

Also on this weekend: Ahlam and Assala are playing at Dubai’s Coca Cola Arena this Friday night.

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

Draft COP28 draft text falls short of calling for fossil fuel phaseout

COP28 draft text skips out on a full fossil fuel phaseout: The highly anticipated draft of the COP28 Global Stocktake delivered a range of global targets to reduce greenhouse gas emissions worldwide, but it fell short of including the “phaseout” or “phase down” of fossil fuels, The Guardian reports. Rather than deliver the awaited goal to phase out of fossil fuels, the draft text stated that fossil fuel production and consumption is to be reduced by 2050 in line with “scientific advice,” avoiding any mention of the contentious “phaseout” language despite being called for by over 80 countries.

What’s on the table, then? The Global Stocktake draft, released by the UN climate body, called for a number of actions that countries “could” take to rapidly reduce global emissions, including:

Tripling renewable energy capacity and doubling the rate of achieving energy efficiency by 2030.
Accelerating the phasing down of unabated coal and limiting unabated coal production.
Accelerating zero and low emissions technologies and removal technologies such as carbon capture and utilization and storage.
Reducing consumption and production of fossil fuels, in a just, orderly and equitable manner so as to achieve net zero by, before, or around 2050.
Accelerating and substantially reducing global non-CO2 emissions, especially methane, by 2030.
Accelerating emissions reductions from road transport through a range of pathways, including development of infrastructure and deployment of zero and low emission vehicles.

The draft’s language is contentious: While the draft — if adopted without amendments — would go down in history as the first official text calling for a global reduction of fossil fuels, negotiators noted there is a lack of obligatory language given that commitments in the draft text are preceded by the phrase: “take actions that could include…” Time reported. “This text doesn’t send the clear signals that are needed to avert the climate crisis. The suggested set of actions is merely a pick-your-own menu,” Director of World Resources Institute ’s International Climate Initiative David Waskow said.

Some questions on the finance front: The draft also did not include “any language that points to the obligation of developed countries to provide finance for adaptation or mitigation,” Director of policy and campaigns at ActionAid US Brandon Wu said. “We also don’t see clarity on finance for adaptation. They say doubling adaptations, but doubling what? Where is the finance going to come from, will it be additional?” a member of the Chad delegation questioned.

However, some beg to differ: Despite all the vehement criticism, the text “recognises that the reality is that you can’t phase out fossil fuels before you have a massive investment in renewable energy which needs huge finance flows,” climate economist and adviser to Barbados Prime Minister Mia Mottley, Avinash Persaud told The Guardian. The draft is acceptable as long as it would deliver a promise to ramp up investments in renewable energy in developing countries, she reasoned, saying that it would be “the only pathway to a phase out of fossil fuels.”

It’s unclear what’s next: Governments and negotiators are expected to continue intensive talks over the draft text until the relevant parties agree to sign the final pledge. It is unclear whether the presidency will be able to achieve this on the last day of the conference, raising the likelihood for talks to continue past the summit’s scheduled end date.

IN OTHER POLICY NEWS-

UAE unveils first groundwater mapping project: The Emirati Energy and Infrastructure Ministry (MoEI) and the Abu Dhabi Environment Agency (EAD) have unveiled the first hydrogeological map and geo-database of the UAE, which aims to document and manage the UAE’s aquifers and groundwater sources, Wam reports. The tool will map out comprehensive hydrogeological data on both the regional and local levels, including groundwater well locations, geologic structures, dams, springs, and groundwater quality. The map will cover the entire hydrogeological typologies and groundwater bodies UAE-wide based on a Geographic Information System (GIS).

Towards achieving sustainable water management: The initiative builds on and contributes to the UAE’s Water Security Strategy 2036, which targets securing water access and sustainability and enhancing water security. The UAE was named as one of the top countries prone to extreme water stress, ranking 7th most water stressed country out of 164 countries, making water insecurity one of the most pressing environmental issues facing the country. The UAE’s water level has dropped about one meter annually over the past 30 years and it is expected to run out of freshwater resources in about 50 years.

The UAE backs the food sector with a new program: The COP28 Presidency has launched a two-year partnership program on water-resilient food systems under the umbrella of COP27’s Climate-Resilient Food Systems Allowance to help developing markets step up water and food systems management efforts, according to a statement.

Other COP progress on food and agriculture: 152 countries have endorsed the COP28 UAE Declaration on Agriculture, Food Systems and Climate Action. Governments, philanthropies, and private sector players have so far pledged USD 3 bn in climate financing toward the food and agriculture industries at COP28.

ENEC signs a bunch of nuclear agreements and more African expansions in renewables from Masdar and Amea Power

The penultimate day of COP28 brought a slew of nuclear and renewable energy agreements, with Masdar and Amea Power making moves in Africa.

NUCLEAR-

ENEC partners with US’ Xenergy on nuclear tech: The Emirates Nuclear Energy Corporation (ENEC) has signed an MoU with US miniature nuclear reactor developer Xenergy to deploy the latest nuclear energy tech, Wam reports. The agreement aligns with Enec’s recently launched Advance program aimed at accelerating decarbonization through nuclear technologies.

And there’s more: ENEC also signed an MoU with the UK Department for Energy Security and Net Zero (DESNZ) to collaborate on nuclear energy deployment, Wam reports.

ALSO- ENEC launches decarbonization roadmap: The company also partnered with the Idaho National Laboratory of the US Department of Energy to launch a roadmap aimed at reducing its carbon footprint across all activities including operations at the Barakah Nuclear Energy Plant site, Wam reports. ENEC also recently partnered with Egypt to advance the use of nuclear energy.

RENEWABLES-

Amea Power continues its Africa expansion: UAE renewables company Amea Power signed agreements with the governments of Uganda, Djibouti, Mozambique and Zimbabwe to develop renewables projects with a combined 200 MW generation capacity, the company’s chair Hussein Al Nuwais told Al Bayan. The new agreements brings Amea’s clean energy portfolio to a total of 5.5 GW.

Masdar’s been heading the leaderboards at COP:Masdar expanded its presence in African countries during COP28 in a bid to develop 10 GW of renewables projects in the continent by 2030, according to a statement. Signing MoUs with Uganda, Angola, Zambia, and Ethiopia last week to develop renewable energy projects in these countries.

Egypt-based renewable energy developer Infinity Power: A joint venture between Masdar and Egypt’s Infiny Power saw an MoU signed with Mozambique’s Energy and Mineral Resources Ministry to set up to 1 GW of renewables projects, the statement notes.

Finally, geothermal:Masdar-backed Pertamina Geothermal Energy signed an MoU with the Geothermal Development Company of Kenya to collaborate on geothermal energy development in the country.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

UAE, South Korea partner on climate finance: The UAE’s export agency Etihad Credit Insurance signed an MoU with the Export-Import Bank of Korea (Korea Eximbank) to boost financing for decarbonization projects in the Emirates and abroad, Al Bayan reports. Under the new program, Korean developers working on renewable, nuclear energy, and green infrastructure projects in the UAE, or with UAE partners in foreign markets, will be eligible for funding.

Dubai Future District Fund will invest AED 200 mn in green tech: Government-anchored Dubai Future District Fund will allocate 20% of its AED 1 bn (c.USD 272.3 mn) venture capital fund towards financing climate tech startups, according to a statement released last week. AED 200 mn (c. USD 54.4 mn) will be earmarked to tech startups working in the food and agri tech, building materials, and logistics sectors, the statement added. The AED 1 bn was added to the fund by UAE Prime Minister Mohammed bin Rashid Al Maktoum in 2020 when it was first launched.

Say hello to the Dubai Investment Fund

A newly-established investment fund in Dubai will house USD bns in assets to help generate returns and “bolster financial stability” in the emirate, according to Wam. The Dubai Investment Fund “will be responsible for investing Dubai Government funds, surpluses and the general reserve locally and internationally” to generate sustainable returns.

Gov’t-held assets are getting transferred: The fund — which Dubai Ruler and UAE Vice President and Prime Minister Mohammed bin Rashed Al Maktoum announced last night — will take over the government’s shares in the Dubai Electricity and Water Authority (DEWA), toll operator Salik, and Dubai Taxi Company, among others. Other government-owned companies “identified by Dubai’s Supreme Fiscal Committee” could be added to that list, according to the statement.

REMEMBER- The Dubai government has been working through an ambitious privatization plan to offer sales in 10 state-owned companies as it looks to expand its economy. The government raised USD 8.5 bn from five IPOs in 2022, including USD 6.1 bn from DEWA alone, Reuters notes.

The UAE government approves the launch of its national EV infrastructure company + SAF production guidelines

National EV infrastructure firm coming soon: The UAE is planning to launch an EV infrastructure firm tasked with manufacturing charging networks, managing daily operations of EV charging stations, and developing a pricing strategy for charging services, according to a statement. The launch date of the new government firm — named UAE Electric Vehicle Charging Stations Company — was not disclosed.

EV charging pricing mechanism to be announced soon: The government plans to set a pricing structure for EV charging nationally by year’s end or in early 2024 as part of a target to have EVs make up 50% of the Emirates’ auto sector by 2050, Energy and Infrastructure Minister Suhail Al Mazrouei said last month.

BACKGROUND- The cabinet approved the National Electric Vehicles Policy earlier in August, aiming to create a countrywide network of EV chargers to accelerate the transition to green mobility and push down the transport sector’s energy consumption by 20%.

ALSO- SAF guidelines get a nod: The cabinet has approved the national SAF production guidelines targeting the production of 700 mn liters annually by 2030, according to the Dubai Media Office. The country plans to domestically produce 1% of UAE airlines’ SAF needs at Emirati airports by 2031.

Pure Harvest Smart Farms expands presence in Saudi Arabia with six-hectare acquisition in Riyadh

Abu Dhabi’s Pure Harvest Smart Farms to acquire a six-hectare agricultural facility near Riyadh, currently operated by Saudi agritech company RedSea, according to a company statement. The acquisition aims to double the company’s production capacity in Saudi Arabia and to facilitate RedSea’s transformation into a “pure-play Agri-Climate technology company.” Pure Harvest will take over operations from January, The National reports.

Pure Harvest Smart Farms will also acquire a 40-hectare land bank near the current production facility, in partnership with the Al Ajaweed farm. This will allow the company to expand its farm area, and to develop up to 28 more hectares for agricultural production.

About Pure Harvest Smart Farms: Established in 2016, Pure Harvest utilizes tech to offer advanced agricultural and controlled-environment techniques to address significant regional issues such as food security, water conservation, economic diversification, and sustainability.

About RedSea: RedSea is a Saudi agritech firm established in 2018 specializing in proprietary technology designed to enhance commercial farming techniques for warm climates.

Gulfa General Investments exiting stage left from the DFM

Gulfa General Investments Company’s shares will be forcibly delisted from the DFM, effective at the close of the trading session this Friday, 15 December, the bourse said in a market announcement (pdf).

What happened? Trading on Gulfa’s shares has been suspended since February 2022 after the company failed to submit their preliminary financial results for 2022. Under DFM listing rules, the market has the authority to delist any security that has been suspended from trading for a duration of six months or more.

About Gulfa General Investments Company: The UAE-based company focuses on the production and bottling of mineral water, namely its Gulfa mineral water, juices, and soft drinks. Its operations include the import/export, wholesale and retail distribution. The Company manages and owns Gulfa Mineral Water Plant in Masfout, Ajman.

Trending on UAE X: Worldwide strike for Gaza and football

This morning on UAE X: Yesterday’s international strike for Gaza was at the forefront of most conversations. Emirates used the hashtags #الاضراب_الشامل (global strike) and #StrikeforGaza to show their solidarity with the Palestinians cause.

Sports were also trending: Sunday’s Barcelona vs Girona football match circulated the platform, with the hashtags #Girona, #برشلونه (Barcelona), and #تشافي (Xavi — the Barcelona football coach), after the recent statistics revealing that he has the second lowest percentage of victories from any of their coaches over the past 15 years, an upset for the Catalonian giants. We also saw #Jiminie (K-pop star) trending.

UAE in the News on 12 December 2023

The international press picked up the ex-MI6 chief’s comments on UAE-backed RedBirdIMI’s potential takeover of the UK’s Telegraph newspaper. Sir Richard Dearlove said that the takeover would be an infringement on British democracy and called on ministers to block the transaction. RedBirdIMI is also looking to acquire the spectator magazine. The Telegraph itself had the news, in addition to the DailyMail | The Guardian.

REMEMBER- The Lloyds Banking Group seized Telegraph Media Group from current owners, the Barclay family back in June, due to outstanding debts — the newspaper was put up for auction through a formal process led by Goldman Sachs, the Financial Times reported.

Lootah inks MoU with Malaysian FatHopes to construct SAF terminal in Malaysia

ENERGY-

Lootah partners with Malaysia’s FatHopes on SAFs: Biofuels producer Lootah has signed an agreement with Malaysian counterpart FatHopes Energy to study the feasibility of establishing 200k sqm sustainable aviation fuel (SAF) feedstock aggregation storage terminal in Malaysia. The facility will serve as a stockpiling site for a UAE-based SAF refinery, according to a press release. Both sides will also explore franchising FatHopes’ biomass-to-SAF technology across MENA.

MANUFACTURING-

AD Ports Group and UK-based Liberty Steel could set up a green iron production facility in Abu Dhabi’s Khalifa Economic Zones (Kezad) after the two signed an MoU, according to a press release. The agreement aims to significantly reduce carbon emissions in international iron and steel production by combining Liberty’s access to some to 4 bn tons of South Australia’s premium magnetite ore with the UAE’s renewable energy potential and the advanced infrastructure of AD Ports Group.

CAPITAL MARKETS-

EQL to digitize business setup and management: EQL Fintech launched two platforms that will enable Emirati SMBs to carry out UAE incorporation, trademark filing, corporate tax filing, and VAT processes online, according to a press release. The new Filings.AE and LEDGERS platforms will draw on the expertise of local firms and accountants to offer support for Emirati business standards. The platforms will target over 50k SMBs in their first phase.

About EQL: EQL Fintech ’s branches in the UAE and India offer financial services, including embedded finance and payments, to over 150k startups and small businesses worldwide. The company is backed by the reputed investors ICICI Bank Limited, BEENEXT, and Udtara.

DECARBONIZATION-

Drydocks World, a UAE-based shipbuilding and repair services company, is retrofitting small vessels with hybrid batteries to reduce carbon emissions in marine services, Gulf News reports. The company plans to begin by retrofitting one of its harbor tugs with “a new generation of battery technology,” with future plans to extend the initiative to include installing hybrid batteries in client vessels such as yachts and leisure crafts. “Our hybrid-battery retrofit scheme is a direct way to cut emissions, especially for maintenance vessels who perform daily short routes,” Rado Antolovic, Drydocks World’s CEO said.

Earlier this year, the International Maritime Organization (IMO)announced regulations aiming to decrease carbon emissions from international shipping. The goal is to achieve a 40% reduction by 2030 and a 70% reduction by 2050, both compared to 2008 levels.

STARTUPS-

Saudi Basic Industries Corporation (SABIC) + AstroLabs are partnering up to launch the Mega Green Accelerator in the MENA region, Wamda reports. The Middle East, which is warming twice as fast as the global average, has seen only 50 climate startups founded since 2010, compared to 5k in the US and Europe. The Mega Green Accelerator will seek to bridge this gap by developing a network of climate-focused innovators in the MENA region. The project’s initial focus will be on circular economy, clean energy transitions, water, and agriculture. The accelerator provides participating entrepreneurs with access to influential business leaders, seed funding, and mentorship. Dubai Future District Fund, Venture Souq, and Shurooq Partners will offer investment and networking opportunities alongside fundraising mentorship.

A relief rally for risk assets — but does it have legs?

Isthe “everything rally” a lasting bull market or a flash in the pan? Investors rushed into stocks, bonds, gold, and crypto assets in December as markets were flooded with bets that the Federal Reserve could start lowering interest rates. But Wall Street is divided over whether the “everything rally” represents a bull market or just a “fleeting sugar high” from the end of the tightening cycle, writes the Wall Street Journal.

Analysts agree that the tightening cycle is over — but when will it pivot? Economists don’t expect the Fed to start cutting rates until at least July 2024, with the majority of participants forecasting a rate trim of only half a percentage point of less in 2024, from its current 22-year high of 5.25-5.5%, a recent Financial Times poll showed.

IN GLOBAL MARKETS- India has overtaken Hong Kong to become the world’s seventh-largest stock market by market capitalization as “optimism grows” about the country’s economy, CNBC reports.

ADX	9,412	-0.1% (YTD: -7.8%)
DFM	3,935	-0.4% (YTD: +17.4%)
Nasdaq Dubai UAE20	3,707	-0.1% (YTD: -7.6%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	5.2% o/n	5.5% 1 yr
TASI	11,381	+0.8% (YTD: +8.6%)
EGX30	24,182	-0.0% (YTD: +65.7%)
S&P 500	4,622	+0.4% (YTD: +20.4%)
FTSE 100	7,545	-0.1% (YTD: +1.3%)
Euro Stoxx 50	4,540	+0.4% (YTD: +19.7%)
Brent crude	USD 76.10	+0.3%
Natural gas (Nymex)	USD 2.43	-5.8%
Gold	USD 1,993.70	-1.0%
BTC	USD 41,253	-5.9% (YTD: +149.2%)

THE CLOSING BELL-

The DFM fell 0.4% yesterday on turnover of AED 349.08 mn. The index is up 17.4% YTD.

In the green: Emirates Reem Investments Company (+6.7%), Aramex (+5.1%) and Takaful Emarat (+4.2%).

In the red: International Financial Advisors K.S.C.C. (-9.8%), Dubai Islamic Ins. and Reins. (-4.9%) and National Central Cooling Co. (-3.3%).

The ADX fell 0.1% yesterday on turnover of AED 982.96 mn. The index is down 7.8% YTD.

Farewell to 15 Emirati diplomats in Sudan

The Sudanese Foreign Ministry gave 15 diplomats in the UAE embassy 48 hours to leave the country on Sunday, Bloomberg reports. While no official reason was given, a senior Sudanese general asserted that the UAE has been sending (unspecified) supplies to the Rapid Support Forces (RSF) paramilitary group, a claim the profusely denied by the UAE.

CALENDAR

DECEMBER

30 November-12 December: COP28, Expo City Dubai.

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

12-14 December (Tuesday-Thursday): Organic & Natural Expo Dubai 2023, Dubai World Trade Centre.

13-15 December (Wednesday-Friday): ArabPlast 2023, Dubai World Trade Centre.

15-16 December (Friday-Saturday): Super Angels Summit, Abu Dhabi National Exhibition Centre.

Signposted to happen sometime in December:

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.

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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