Dubai launches USD 25 bn FDI program

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WHAT WE’RE TRACKING TODAY

THIS MORNING: We’re paying less at the pump this month, again

Good morning, wonderful people, and welcome to the start of a new month. We kick off the workweek with a compact issue, which is usually the case with Mondays.

THE BIG STORY here at home is news of a USD 25 bn FDI program approved by the Dubai Executive Council. Plus: We have news of Mubadala offloading part of its stake in its JV operating the Colombia gold project, and preliminary data on Ajman’s GDP in 2023.

PUBLIC SERVICE ANNOUNCEMENTS-

#1- We’re going to pay even less at the pump this month: Following a 6% fuel price cut last month, the Fuel Price Follow-up Committee slashed fuel prices by 4.7% for July, the Emirates General Petroleum Company (Emarat) said on X.

The breakdown: Super 98 is now AED 2.99 per liter, Special 95 is now AED 2.88 per liter, and E-Plus now costs AED 2.8 per liter. Diesel prices are up marginally, now costing AED 2.89 per liter, up from AED 2.88 in July.

#2- New regulations for social media ads take effect today: Influencers and businesses in Abu Dhabi must obtain a permit to use social media ads to promote their businesses as of today, as mandated by the Abu Dhabi Department of Economic Development. Non-compliance with these regulations may lead to penalties of up to AED 10k and potential closure of the business.

WEATHER- We’re looking at a sunny day today, with a daytime high of 41°C and an overnight low of 32°C in Dubai, and a high of 37°C in Abu Dhabi before clouds form and the mercury dips to 32°C at night.

WATCH THIS SPACE-

#1- Masdar is eyeing a stake in Spain’s Saeta Yield: Masdar is set to submit a final bid to acquire Brookfield’s Spanish renewables firm Saeta Yield next week, Spanish news outlet Cinco Dias reported on Friday. China Three Gorges, Engie and TotalEnergies are among the companies also expected to submit bids. The company is currently valued at around EUR 1.7 bn.

The details: Saeta Yield — which Brookfield acquired from ACS for EUR 1 bn in 2018 — boasts a portfolio of 28 wind farms, 10 photovoltaic parks, and seven solar thermal plants across Spain and Portugal with a total capacity of 1.2 GW. The acquisition will include the entire renewables portfolio, excluding its solar thermal plants. Brookfield — which started the sale process last December — had tapped Société Générale Group and Santander Bank to advise on the transaction.

ALSO FROM MASDAR- USD 10 bn, 10 GW wind project in Egypt to kick off construction in March 2026: Construction of Egypt’s USD 10 bn, 10 GW wind project — one of the biggest in the world underdevelopment by Infinity Power, Hassan Allam Utilities, and Masdar — is expected to begin in March 2026, chairman of Infinity Power Mohamed Ismail Mansour told Bloomberg. Construction was initially set for this year but fell behind due to land procurement issues in West Sohag. The project will begin electricity generation in 2032, he added.

REMEMBER- The consortium is working on surveys and studies to prepare for breaking ground: The consortium inked a land access agreement with the Egyptian government in May for over 3k sq km of land in West Sohag that will allow the group to conduct surveys and studies needed before construction begins. The companies had signed the land allocation agreement in June 2023, eight months after the companies signed an MoU on the sidelines of COP27.

#2- Emirates faces more Airbus A350 delivery delays: Emirates has postponed the launch of its Airbus A350 aircrafts on routes to the Middle East, India, and parts of Europe due to delays in aircraft deliveries, Bloomberg reports. Originally set for September, the flights will now commence from early November, starting with services to Edinburgh, Bahrain, and Kuwait. Destinations including Mumbai, Muscat, and Lyon are scheduled to follow in early 2025. “Once we begin receiving our A350s, we will expedite their entry into service as quickly as possible and will work hard to minimise the impact of the delays,” the carrier said.

#3- Brazilian chain operator Zamp, backed by Mubadala, is exploring the chance to potentially operate the Subway brand in Brazil, it said in a regulatory filing (pdf). Brazilian newspaper O Globo reported that Zamp was in advanced negotiations to acquire the operational rights for the Subway brand last Friday. The chain operator, which last month secured an agreement to operate Starbucks, already manages Burger King and Popeyes in the country.

#4- The UAE’s securities authority launches initiative to regulate bond and sukuk issuances: The Securities and Commodities Authority is set to roll out an initiative to regulate the private placement of bonds, sukuk, and securitized financial instruments, aimed at diversifying investment opportunities and instruments, according to a statement. The project will introduce a new platform for professional investors, with the goal of attracting new investor pools and boosting the value of UAE financial markets.

#5- UAE-India to initiate digital platform development for logistics corridor: Development has begun on a digital platform to streamline information exchange for vessel, voyage and cargo-related procedures between the UAE and India, in preparation to break ground on the first leg of the India-Middle East-Europe Economic Corridor, the Times of India reported. The digital platform is scheduled to launch within the first 100 days of Indian Prime Minister Narendra Modi’s third term, which began in June.

ICYMI- Indian press reported last week that officials have kicked off work on the corridor, with efforts underway to streamline procedures across the Indian ports of Mundra, Kandla and Nhava Sheva as well as the UAE ports of Jebel Ali and Fujairah.

DATA POINT-

Dubai’s Jebel Ali Port saw a 5% y-o-y increase in ship arrivals in 2023, with 23k ships passing through, Al Khaleej reports. Container handling at the port rose 3.6% to 14.47 mn twenty-foot equivalent units (TEUs).

THE BIG STORY ABROAD-

It’s once again all politics, all the time on the front pages of the world’s business press, and centrist and left-of-center politicians, pundits, and journalists are wringing their hands across much of the northern hemisphere.

#1- France’s far-right Rassemblement National took the first round in snap parliamentary elections called by President Emmanuel Macron. Projections see the RN taking 33.2% of the vote. The leftist Nouveau Front Populaire likely took 28.1%, while Macron’s Ensemble took just 21%. Turnout was high — 20% points better than in 2020, France’s Les Echos writes.

It’s the second round run-off that really matters, Germany’s Handeslblatt notes, and it’s scheduled for July 7. “The final result will depend on days of horsetrading before next week’s run-off,” Reuters writes.

Want more? Wall Street Journal | Financial Times | Reuters

#2- British voters go to the polls on Thursday, and Labour still enjoys what the BBC calls a “big lead” (about 20 percentage points) over Rishi Sunak’s Conservatives.

#2- Joe Biden’s top advisors are fighting calls that he step down as the Democrats’ nominee, portraying his poor performance on Thursday night as a “blip” and the result of “bad preparation and exhaustion” as his family tells him to keep fighting and plots the ouster of his top advisors, who they blame for the performance.

The bottom line: A new poll on Sunday showed that nearly three quarters of voters think he should end his re-election campaign.

ALSO WORTH KNOWING on this hot summer morning:

EY has a new boss. Today is Janet Truncale ’s first day on the job;
Hungary takes over the rotating EU presidency today;
Ultra-Orthodox men in Israel have taken to the streets to protest that they’re now subject to mandatory military service.

CIRCLE YOUR CALENDAR- For our fellow tech nerds: Samsung will hold its Unpacked event on 10 July and Google will unveil its Pixel 9 on 13 August — two months ahead of what most tech-watchers had expected.

WATCH THIS SPACE- The US Fed’s Open Markets Committee will release meeting minutes and its latest economic forecast on Wednesday.

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CIRCLE YOUR CALENDAR-

Xpanse Abu Dhabi is scheduled to take place at Adnec Center in Abu Dhabi between 20-22 November 2024, according to a statement from the Abu Dhabi Media Office. The event, focusing on artificial intelligence, machine learning, genomics, quantum computing, neuromorphic computing, and 6G connectivity, intends to gather 3k decision-makers, technology innovators, Nobel Prize winners, industry executives, CEOs, government officials and scientists.

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

Dubai launches new FDI program to reel in AED 650 bn in FDI by 2033

Fresh incentives coming for Dubai investors? The Executive Council of Dubai approved a new Foreign Direct Investment Development Program to help achieve its target of reeling in some AED 650 bn in foreign direct investment (FDI) by 2033, Deputy Ruler of Dubai Maktoum bin Mohammed said on X. The program will allocate AED 25 bn over the next decade for investment incentives — focusing on areas like logistics infrastructure and talent — that encourage international companies to establish or expand their presence in Dubai, Wam reports.

REMEMBER- Dubai ranked first in the world in terms of greenfield FDI projects for the third consecutive year in 2023. The emirate saw some 1k greenfield projects launched during the year, with AED 39.26 bn in capital flows.

AED 650 bn? The target was first announced as part of the D33 economic agenda launched in 2023, which aims to double the size of Dubai’s economy to AED 32 tn by 2033.

A new progress tracker: The council also signed off on the Dubai Economic Model to track the emirate’s progress towards its economic targets. The model will use 3k performance indicators, AI tools, as well as interactive dashboards to measure and forecast the emirate’s economic performance and assessment reports.

ALSO- More Metro stations: The Council approved a plan to develop the areas surrounding Dubai’s Metro stations, and expand the number of metro stations to 140 by 2040, up from 64 currently and 96 by 2030. The initiative involves Dubai’s government providing incentives to developers to use plots near metro stations, contributing to the emirate’s goal of becoming a 20-minute city and increasing metro ridership.

ICYMI- The new USD 4.9 bn Blue Line metro expansion is set to feature 14 new metro stations.

OTHER INVESTMENT NEWS-

TVM Capital Healthcare said it has invested USD 35 mn in Riyadh-based pharma manufacturer Boston Oncology Arabia, according to a statement. The investment will go towards accelerating Boston Oncology’s transition to “full formulation and fill and finish manufacturing” at its local production hub at Sudair Industrial City. TVM will also provide strategic support and expand the company’s access to international suppliers through its global network.

What’s TVM? The healthcare-focused private equity investor has offices in Dubai and Singapore that — interestingly — invests in both MENA and Southeast Asia. The firm’s strategy is to partner with management teams to build “national champions,” but it will also work with European and North American firms looking to expand into SEA and MEA. TVM has offices in Riyadh — where it has been operating since 2015 — and Ho Chi Minh City as well as supporting offices in Munich and Boston.

TVM Capital just closed a fund to invest in Saudi healthcare: The private equity firm closed in June a dedicated healthcare fund targeting Saudi, raising USD 250 mn from investors led by Saudi sovereign wealth fund the Public Investment Fund’s Jada Fund of Funds and other investors. Its new investment vehicle is named Afiyah Fund.

In TVM’s pipeline: Investments in Baraya Extended Care, a Riyadh-based long-term rehabilitation clinics chain; DEBx Medical, a Dutch med-tech and chronic-wound drugmaker looking to enter the Saudi market; and NeuroCare Group, a German company specialized in mental health services eyeing an expansion into the region, among others.

What’s Boston Oncology Arabia? Boston Oncology is a bio-generic drugs manufacturing company that focuses on developing and manufacturing specialty drugs including generics and biosimilars. It saw its first biosimilar product registered with the Saudi Food and Drug Authority (Sfda) for local manufacturing in 2020, with 44 products pending Sfda’s approval as of early 2022, according to its website. Its manufacturing facility has an annual vial capacity of over 30 mn units.

Mubadala reduces stake in Colombia gold project

Mubadala now owns less of the Soto Norte Colombia gold project: Abu Dhabi sovereign wealth fund Mubadala has closed the transfer of an additional 31% stake in the Soto Norte gold-copper project in Colombia to Canadian Aris Mining, the mining firm said in a press release (pdf). Aris Mining has now become the controlling shareholder, now holding a 51% stake in the project, while Mubadala retains a 49% stake.

The details: In exchange for the increased stake, Aris Mining will issue a total of 21.75 mn shares to Mubadala, valued at USD 90 mn. This includes a 9.9% stake now, with an additional 6 mn shares to be issued to Mubadala after Aris obtains an environmental license for the project.

Background: In May, Mubadala and Aris Mining inked an agreement to raise Aris’ stake in the gold-copper project to 51%. Aris had originally acquired a 20% stake in Mubadala’s subsidiary Minesa, the company which fully owns the Soto Norte project, in March 2022, forming a JV which saw Aris become an operating partner in Minesa.

About the project: The Soto Norte project is claimed to be one of the “largest undeveloped underground gold projects in South America,” according to Aris. The Canadian mining firm is set to commence a pre-feasibility study of a new development plan for the project, slated for completion by early 2025.

Ajman’s economy grew 6.25% in 2023

Ajman’s GDP rose 6.25% to AED 36 bn in 2023, state news agency Wam reports, citing preliminary data from the Ajman Statistics Center. Key sectors driving growth include manufacturing, which accounted for 18.8% of GDP, wholesale and retail trade and vehicle repair (18%), and construction (16.4%).

ICYMI- The UAE’s economy grew 3.6% last year, with the non-oil economy growing 6.2%. Abu Dhabi’s non-oil economy grew 9.1% y-o-y last year, with real GDP growing 3.1%. Data out earlier this week also showed Sharjah’s non-oil economy growing 7.1% y-o-y, with GDP growing 6.5% y-o-y.

US-based Markel Group’s insurance subsidiary Markel has appointed Jennifer Gebran as Head of Casualty for the Mena region

US-based Markel Group’s ins. unit Markel appointed Jennifer Gebran (Linkedin) as head of casualty for the MENA region, according to a press release. Gebran will develop the firm’s casualty underwriting strategy in the region, strengthen broker relationships, and support Markel’s strategic expansion in the MENA region. Gebran boasts over 13 years of reins. expertise in the Gulf, Middle East, and North Africa. She most recently served as assistant vice president in Dubai at Berkshire Hathaway and previously spent 11 years at Liberty Specialty Markets.

Adnoc and local UAE banks in the spotlight

Adnoc’s transformation from a “sleepy state company” to a global energy giant with USD 150 bn budget got a lengthy feature in Bloomberg after the firm revised upwards its offer for German chemical company Covestro, following lengthy negotiations. The transaction, if closed, would cement Adnoc’s credibility as an investor and provide impetus for more cross-border transactions, sources told the business information service.

Also gaining more and more credibility: local banks. With “ample liquidity on their balance sheets,” local banks are stepping up their involvement in financing local transactions in the Middle East, S&P analyst Puneet Tuli told Bloomberg. Local lenders are offering competitive terms that rival those of global financial giants — in addition to leveraging close ties with local businesses.

The most recent example: Four Emirati lenders — our friends at Mashreq and First Abu Dhabi Bank, as well as Abu Dhabi Commercial Bank and Dubai Islamic Bank, according to Bloomberg — took the leading role in financing a USD 3.25 bn loan for Gems Education, facilitating asset manager Brookefield’s acquisition of a majority stake in the Dubai-based school operator.

Mashreq gets in-principle approval to offer Islamic banking services in Pakistan

BANKING-

#1- Islamic banking is coming to Mashreq Pakistan: Our friends at Mashreq ’s Pakistani arm obtained in-principle approval from the country’s central bank to launch Islamic banking services, the lender said in a statement.

What’s next? Mashreq is on track to receive a restricted license from the State Bank of Pakistan to introduce digital retail banking services.

#2- Ajman Bank to use Magnati’s platform to offer payment solutions for businesses: Ajman Bank has teamed up with Emirati payment solutions firm Magnati to roll out online and in-store payment services for its business clients, Al Bayan reports.

INFRASTRUCTURE-

Dubai Harbour is getting a AED 431 mn bridge: Dubai’s Roads and Transport Authority awarded a AED 431 mn contract to an undisclosed company to build a two-lane bridge that will connect Dubai Harbour to Sheikh Zayed Road, according to a statement from Dubai Media Office. The bridge will accommodate 6k vehicles per hour and cut travel time to three minutes from 12 minutes.

REAL ESTATE-

Dubai International Financial Centre (DIFC) kicked off construction on DIFC Square, a project consisting of three interconnected buildings, according to a press release. The new development will offer Grade A office spaces and retail units, slated for completion in 1Q 2026, according to the statement.

The details? Developed on a 113k sqft plot with a total built-up area of 1mn sq ft, DIFC Square includes 600k sqft of office space and 17,2k sq ft of retail space, featuring a curated selection of shops and F&B outlets.

Not the first major development project in the DIFC this year: Dar Group broke ground on its AED 1.1 bn immersive tower in the DIFC back in May. The 37-storey development will sit adjacent to Daman Tower, covering 115k sqm with over 58.5k sqm of office space, and 10.5k sqm of retail space. It is slated for handover in April 2027.

PHARMA-

Pharmalink to distribute Sky Premium Life supplements in the UAE: Dubai-based Pharmalink signed an agreement with US-based healthcare company Cosmos Health to become the exclusive distributor of its supplements line Sky Premium Life in the UAE, according to a statement from Cosmos Health. Under the agreement, Pharmalink will be in charge of selling, marketing, and logistics management of the products. The company aims to sell over 500k units in the first year and more than 3 mn units in the next five years.

INVESTMENT-

Reborn Coffee to set up shop in the UAE: US-based specialty coffee roaster and retailer Reborn Coffee plans to make its debut in the Middle East by opening its first store in Dubai’s Jumeirah within a year under a licensing agreement it has signed, a statement (pdf) from the company showed. The company plans to open 20 more stores across the country.

TECH-

Freshworks launches new data center in the UAE: US cloud-based software provider Freshworks launched a new Amazon Web Services-powered data center in the UAE to extend its services to 72 countries in the Mena region, according to a company statement.

TRADE-

AD Ports, ITC team up to boost global trade: AD Ports inked an MoU with the International Trade Center (ITC), a joint agency of the UN and the World Trade Organization, to facilitate trade, logistics, and transport services in developing countries by reviewing policies, upgrading border services, and making global trade more accessible to small and medium enterprises, according to a statement.

CAPITAL MARKETS-

UAE and Tajikistan cooperate to boost transparency in financial markets: The UAE’s Securities and Commodities Authority (SCA) signed an MoU with the Agency of Securities and Special Registration of Tajikistan’s Finance Ministry to boost cooperation on supervision and transparency in both countries’ financial market, according to a statement from the SCA. The agreement will facilitate the joint enforcement of financial regulations, addressing investor complaints, and coordinating investigations into market violations.

AUTOMOTIVE-

EV distributor and UAE luxury car distributor New Energy Vehicles subsidiary Smart Mobility International secured an exclusive distribution agreement with Avatr Technology, a press release reads. The transaction marks Avatr’s first expansion outside China, and will see it open its first showroom in a location on Sheikh Zayed Road. Avatr, backed by Chang’an Automobile, CATL, and Huawei, will debut its flagship products in the UAE, with plans to introduce more battery electric vehicles and extended-range EV models in 2025.

AVIATION-

#1- Passengers can now fly directly from Sharjah Airport to Greece’s Athens, the Sharjah International Airport Authority and Air Arabia said, according to Al Etihad. The first of these flights took off last week to Athens International Airport. The new line will operate four flights weekly, with more to be added in the future.

#2- Writer Relocations and Private Jet Charter have partnered to enhance relocation services for high-profile clients in the GCC, Trade Arabia reports. Writer Relocations will handle the logistics, while Private Jet Charter provides private flights.

BIS warns against slashing interest rates too soon

Go slow and steady with rate cuts, says the BIS: The Bank for International Settlements (BIS) warned central banks in its annual report (pdf) against cutting interest rates too soon, cautioning that it could reignite inflation. Despite signs that the global economy is headed towards “smooth landing” with cooling inflation and steady growth, the BIS says central banks need to set a “high bar” for easing policies.

REMEMBER- Central banks around the world are preparing to ease monetary tightening policies this year. The European Central Bank got the ball rolling with a 25 bps rate cut last month, ahead of the US Federal Reserve, which is set to start cutting rates by September.

“A premature easing could reignite inflationary pressures and force a costly policy reversal — all the costlier because credibility would be undermined,” BIS General Manager Agustín Carstens said.

Central banks should keep an eye on potential risks like high public debt and falling commercial property values, as well as inflation spikes in service prices and wages, Carstens said.

Service prices relative to core goods remain lower than pre-pandemic levels, while real wages have yet to keep up with higher costs — but a reversion of these trends that happens too fast will only spur inflation. The BIS estimates that catching up on lost purchasing power could raise inflation by up to 1.5% in major Eurozone economies by 2026.

MARKETS THIS MORNING-

Asian markets are mixed this morning, with the Nikkei and Kospi in the green and the ASX 200 and Shanghai Composite in the red. Markets are closed in Hong Kong this morning for a national holiday. Futures suggest US equities will start the trading week in the green, as will most major European benchmarks. The exception: France, where the CAC 40 looks set to come under selling pressure at the opening bell as investors digest the far-right Rassemblement National’s strong showing in the first phase of parliamentary elections.

ADX	9,061	+0.6% (YTD: -5.4%)
DFM	4,030	+0.5% (YTD: -0.7%)
Nasdaq Dubai UAE20	3,485	+0.7% (YTD: -9.3%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	4.9% o/n	5.5% 1 yr
TASI	11,680	-0.4% (YTD: -2.4%)
EGX30	27,766	1.0% (YTD: +11.5%)
S&P 500	5,460	-0.4% (YTD: +14.5%)
FTSE 100	8,164	-0.2% (YTD: +5.6%)
Euro Stoxx 50	4,894	-0.2% (YTD: +8.2%)
Brent crude	USD 85.0	-0.3%
Natural gas (Nymex)	USD 2.60	-3.1%
Gold	USD 2,340	+0.1%
BTC	USD 61,974	+1.7% (YTD: +47.4%)

THE CLOSING BELL-

The ADX rose 0.6% yesterday on turnover of AED 1.7 bn. The index is down 5.4% YTD.

In the green: Abu Dhabi National Ins. Company (+12.4%), Union Ins. Company (+8.3%) and Taqa (+7.5%).

In the red: Rapco Investment (-9.8%), Commercial Bank International (-4.8%) and Emirates Stallions Group (-4.8%).

Over on the DFM, the index closed up 0.5% on turnover of AED 709.8 mn. Meanwhile Nasdaq Dubai closed up 0.7%.

CORPORATE ACTIONS-

SCA greenlights Apex-IHC Real Estate share swap: IHC Real Estate is set to finalize the acquisition of nearly 155 mn shares — equivalent to less than a 0.3% stake — in Abu Dhabi investment firm Q Holding via a share swap with IHC subsidiary Apex Investment today, according to a disclosure (pdf). This comes after the Securities and Commodities Authority (SCA) approved the transaction on Saturday. Apex will obtain some 29.5 mn shares of equal value held by IHC Capital in the investment holding company Alpha Dhabi in return.

Background: Apex Investment’s board approved the sale (pdf) in April. IHC Real Estate currently owns 32.3% of Q Holding after transferring 49% of its stake to Q Holding in February, according to the ADX. Meanwhile, IHC Capital holds a 76.14% stake in Alpha Dhabi.

US + UAE look to increase trade, and UAE, Georgia ink economic agreement

US + UAE look to increase trade in tech + logistics: Trade Minister Thani bin Ahmed Al Zeyoudi met with delegations and executives of major American companies headquartered in Silicon Valley to discuss expanding trade relations and partnerships in various sectors, including technology, asset management, and logistics services, Wam reports. Al Zeyoudi urged American investors, startups and entrepreneurs to explore investments in the UAE, and encouraged the exchange of knowledge between the two sides in artificial intelligence, data analytics and sustainable technologies.

UAE and Georgia ink an economic partnership: The UAE signed an economic agreement with Georgia, according to a Linkedin statement. The agreement aims to expand the non-oil bilateral trade between both countries to USD 1.5 bn annually by reducing customs on 95% of products within the next five years, up from USD 511.2 mn currently.

First Lady of the Philippines visits Abu Dhabi: The Philippines’ First Lady Liza Araneta-Marcos met with Emirati First Lady Sheikha Salama bint Hamdan Al Nahyan in Abu Dhabi on Friday, where the two discussed avenues of cooperation between the two countries, particularly in the fields of arts and culture, Wam reports.

Araneta-Marco also met with a delegation from the Abu Dhabi Investment Authority, according to GMA Integrated News, in the presence of the president of Maharlika Investment, a Philippines-owned firm that manages the country’s sovereign wealth fund, Rafael Consing Jr.. Marcos also sat down with officials from the Emirates Nuclear Energy Corporation to discuss the UAE’s efforts to invest in clean energy.

CALENDAR

JULY

8 July (Monday): Islamic new year, national holiday.

AUGUST

3 August (Saturday): UFC Fight Night, Etihad arena, Abu Dhabi.

21-22 August (Wednesday-Thursday): Dubai Business Forum in Beijing, China.

Signposted to happen sometime in mid-August:

New regulations around telemarketing calls will go into effect

SEPTEMBER

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

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

OCTOBER

15 October (Tuesday): Deadline for the European Commission to make a decision on its probe into e&’s acquisition of PPF’s Eastern European assets.

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

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

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

NOVEMBER

4-7 November (Wednesday-Saturday): ADIPEC, Abu Dhabi.

4-7 November (Wednesday-Saturday): ADIPEC Maritime and Logistics Exhibition and Conference, Abu Dhabi.

4-7 November (Wednesday-Saturday): ADIPEC Decarbonisation Accelerator, Abu Dhabi.

18-20 November (Monday-Wednesday): Fastmarkets Middle East Iron & Steel 2024, Dubai.

20-22 November (Wednesday-Friday): Xpanse Abu Dhabi, Adnec Centre, Abu Dhabi

23 November (Saturday): Wireless Festival Middle East, Etihad Park, Abu Dhabi.

27-28 November (Wednesday-Thursday): RAK Energy Summit, Al Hamra International Exhibition and Conference Centre, Ras Al Khaimah.

Signposted to happen ahead of ADIPEC:

Changemakers Majlis, Abu Dhabi.

DECEMBER

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

5-8 December (Thursday-Sunday): Formula 1 Etihad Airways Abu Dhabi Grand Prix, Yas Marina Circuit.

8-12 December (Sunday-Thursday): International Desalination and Reuse Association World Congress, Adnec Centre Abu Dhabi.

9-10 December (Saturday-Sunday): The Bitcoin Mena Conference, Adnec Centre Abu Dhabi.

9-12 December (Saturday-Thursday): Abu Dhabi Finance Week, Abu Dhabi.

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

OCTOBER 2025

27-29 October (Monday-Wednesday): Asia Pacific Cities Summit, Dubai Exhibition Centre.

Signposted to happen sometime before the end of the year:

Spinneys inaugurates three more stores in KSA

Signposted to happen in 2025:

6-11 April (Sunday-Friday): Geo-Spatial Week 2025, Dubai.
3-4 June (Tuesday-Wednesday): Make-A-Wish International’s Global Wish summit, Abu Dhabi.
TBD: The Middle East Electric Vehicle Show, Expo Center Sharjah.

Signposted to happen sometime in 2028:

Abu Dhabi to host the 47th Chess Olympiad

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