Fitch affirms UAE, Abu Dhabi’s ratings. PLUS: UAE to attract most m’naires this year

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Canada in talks with the UAE over AI investments + Taxi stablecoin payments are now a thing in Abu Dhabi

Good morning, friends. We’re nearing the end of a much-needed shorter workweek, and it feels as though the news cycle is still recovering from the whiplash of events in the region earlier this week.

The country collectively let out a sigh of relief following news of the ceasefire, after a turbulent night that saw Iran strike US military bases in Qatar, and speculation rise over whether it will do the same to bases here in Abu Dhabi, and elsewhere in the region.

Middle East stocks cheered the news, with Dubai’s DFM rising 3.4%, its biggest intraday jump since December, while Abu Dhabi’s index gained 2.5%. Real estate stocks buoyed performance, with Emaar on the DFM rising 5.1% and Aldar Properties gaining 10% on the ADX.

President Sheikh Mohamed bin Zayed Al Nahyan welcomed the Iran-Israel ceasefire during a phone call with Iranian President Masoud Pezeshkian, expressing hope it would lay the groundwork for lasting regional stability, state news agency Wam reports. He reiterated the UAE’s support for efforts that promote peace and security in the Middle East.

Despite how brief the closure of the UAE’s airspace was, disruptions continued through yesterday. Long queues and hundreds of flight delays followed the temporary closure, Reuters reports. While most airlines resumed operations to the UAE, Wizz Air suspended all flights to and from the country through to 30 June, according to a statement.

Separately, IndiGo halted yesterday’s flights between India’s Bhubaneswar and Abu Dhabi, along with 13 other Middle Eastern routes including Dubai, Doha, and Riyadh, according to a post on X. The suspensions may be extended depending on security developments, as airlines continue to monitor military action between Israel and Iran.

PSA-

The ADX and DFM will close on Friday, 27 June, in observance of the Hijri new year. Trading will resume on Monday, 30 June, according to a UAE Securities and Commodities Authority (SCA) statement. The Dubai Gold and Commodities Exchange will operate as usual during this period, maintaining regular trading hours.

WEATHER- Dubai will see an afternoon high of 42°C today and an overnight low of 30°C, according to our favorite weather app. Temperatures in Abu Dhabi will reach an afternoon high of 34°C, with mostly cloudy conditions, before dipping to an overnight low of 31°C.

WATCH THIS SPACE-

#1- First, it was flights — now, you can pay for taxi rides with stablecoin: Abu Dhabi’s Tawasul Taxis and Al Maryah Community’s Bank are now allowing passengers to pay for rides digitally via Al Maryah’s AE Wallet app with AE Coin, the UAE’s AED-pegged stablecoin, according to a statement. This comes just a few weeks after Al Maryah and Air Arabia also allowed customers to pay for flights using AE Coin, becoming the first regional airline to accept stablecoin payments.

REMEMBER- The Central Bank of the UAE greenlit the launch of the AE coin back in December, making it the only authorized stablecoin in the country as of yet. IHC, ADQ, and First Abu Dhabi Bank (FAB) are reportedly planning a new new AED-backed stablecoin, while ADX-listed crypto miner Phoenix Group and cryptocurrency giant Tether — owner of the world’s biggest stablecoin, USDT — are also planning to launch an AED-pegged stablecoin.

More to come: More transport services, merchants, and retail outlets are set to allow the use of AE Coin in transactions, the statement said.

#2- Canada is in discussions with the UAE and Saudi to invest in developing its AI sector, Canadian AI Minister Evan Solomon told The Logic. Ottawa aims to create sovereign AI infrastructure through partnerships and by creating an industrial base. It will focus on developing data centers as the country aims to dial down its dependence on trade with the US.

The North American country needs hardware and capital from other countries to advance this sector, Solomon said, adding that the UAE is “a very sophisticated player along the entire value chain.” Talks are still at an early stage but are “constructive,” he added.

REMEMBER- The UAE has been strengthening its ties with Canada this year, with a delegation heading there last week to discuss boosting cooperation in trade, energy, AI, education, and sustainable development. Dubai International Chamber also launched a representative office in Toronto last week, aiming to enhance investment relations.

The UAE’s overseas AI investment ambitions are clear. The country pledged to invest USD 1.4 tn in the US through a 10-year investment framework with a focus on AI infrastructure. Last month, Abu Dhabi’s G42 and Italy’s iGenius announced a planned USD 1 bn investment to develop Europe’s largest AI compute deployment in Italy’s Puglia region. G42-backed MGX and Nvidia also joined a French consortium to build a 1.4 GW AI campus outside Paris.

#3- New global digital bank from Abu Dhabi? UAE-based omnibanking startup BipTap signed a strategic partnership agreement with Al Fardan Ventures, the family office led by tech investor Mohammed Ebrahim Al Fardan, to launch a global digital bank headquartered in Abu Dhabi, according to a press release. The core infrastructure is already built and tested, with both sides now working to secure licenses and establish UAE operations.

The details: The planned bank will offer B2B digital banking, fiat-crypto integration, and banking-as-a-service solutions for financial institutions, fintechs, and enterprises worldwide. Al Fardan will serve as regional MD, and related projects — including a crypto liquidity platform and AI trading system — are also in the pipeline.

HAPPENING TODAY-

#1- EVCharge Live Middle East is on its second and final day at the Dubai World Trade Center, spotlighting EV charging infrastructure. Event highlights include a conference with over 150 speakers, an EV and charging exhibition, and networking meetings.

#2- Solar & Storage Live is also on its second and final day at the Dubai World Trade Center. The solar energy and battery storage exhibition will see over 10k attendees meet for talks and exhibitions on technology focused on the green transition.

#3-Mobility Live Middle East is on its second and final day at the Dubai World Trade Center, spotlighting future transport. The trade event will bring together regional mobility leaders for keynotes, panel sessions, and an expo featuring autonomous tech, smart cities, and public transport.

#4- Middle East Rail runs in parallel and wraps today at Dubai World Trade Center, bringing together transport ministries, rail operators, and tech firms for discussions and exhibitions on high-speed networks, digitalisation, and transit infrastructure.

THE BIG STORY ABROAD-

The war hawks are circling once again with the headlines this morning dominated by a Pentagon report claiming that the US strikes only pushed Iran’s nuclear program back by a few months. The report from the Pentagon’s intelligence arm Defense Intelligence Agency found that Iran’s nuclear centrifuges could soon be restarted and that the country’s stockpiles of highly enriched uranium were moved out of the sites before the US moved to strike, seeming to contradict Trump’s claims that the sites had been “completely and fully obliterated.”

Trump doubled down on his earlier comments in response to the report, by trading war with Iran for war with CNN and the New York Times, who he accused of trying to “demean one of the most successful military strikes in history.” (Reuters | Bloomberg | Wall Street Journal | Washington Post | New York Times | Associated Press | CNN)

But while the world’s attention was turned to Iran, Israel continued its almost daily massacres of those seeking aid, killing at least 40 in Gaza yesterday, bringing the number of those killed in similar attacks to 500 in just the past two weeks. (Reuters | Guardian)

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CIRCLE YOUR CALENDAR-

The Middle East and North Africa Public-Private Partnership Forum will be held on 10 to 11 September at the Jumeirah Emirates Tower in Dubai. Investors, policymakers, and engineering, procurement, and construction players will meet to discuss public-private partnerships, with a focus on energy, healthcare, real estate, logistics, transport and digital transformation sectors.

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

Fitch affirms UAE and Abu Dhabi’s long-term default ratings on strong fundamentals

Fitch Ratings affirmed both the UAE and Abu Dhabi's long-term foreign-currency issuer default ratings, maintaining Abu Dhabi’s at AA with a stable outlook, and the UAE’s at AA- with a stable outlook, it said in statements here and here. This came on the back of what it cited as a strong net external asset position and high GDP per capita, as well as Abu Dhabi’s sovereign asset position, which is among the highest of Fitch-rated sovereigns.

This is despite the geopolitical risks posed by the conflict between Israel and Iran, which it said could cause “short-term disruptions” to trade and hydrocarbon infrastructure that it expects the UAE to absorb due to large fiscal and external buffers.

Also supporting Abu Dhabi’s rating is the emirate’s low government debt — which is among the lowest of Fitch-rated sovereigns. However, Abu Dhabi’s rating is constrained by a combination of “a high dependence on hydrocarbons, a relatively weak but improving economic policy framework and low governance indicators compared with peers,” the agency wrote.

Local currency debt to increase: The ratings agency expects Abu Dhabi’s debt to rise to 18.2% of GDP, up from 17.4% in 2024, as the government issues more local-currency debt to support the domestic market, alongside more issuances from government-related entities.

Growth to remain strong: Fitch sees the UAE’s headline growth coming in at 5.2% this year, supported by a 9% increase in oil production as Opec+ hikes the UAE’s production quota. Non-oil growth is pegged at 4% this year. For Abu Dhabi, GDP is expected to grow at 6.3% in 2025 and 4% for 2026. The agency also sees non-oil growth remaining strong across the coming years, after it recorded 6.2% growth in 2024, driven by major projects and population growth.

How this compares: The growth forecast is optimistic compared to other ratings agencies and banks, with Emirates NBD forecasting 4.8% growth this year, the IMF and S&P Global both expecting a more modest 4% growth, and the World Bank forecasting 4.6% growth. The CBUAE expects a stronger 4.7% GDP growth.

The fiscal forecast: The agency expects Abu Dhabi to pencil in a budget surplus of 7% of GDP in 2025, down from 9.9% in 2024 — a prediction that it bases on its Brent crude oil price forecast of USD 65 per barrel and forecast for oil production of 3.2 mn bbl/d. The surplus is expected to widen to 8% in 2025 on the back of “higher oil production, modest spending growth and the start of corporate income tax receipts.”

There are factors that could lead to a downgrade for Abu Dhabi: “Substantial erosion of fiscal and external positions, for example, due to a sustained decline in oil prices, or a materialisation of contingent liabilities,” coupled with “a geopolitical shock that negatively affects economic, social or political stability” are all factors that could lead to a negative rating action for both the UAE and Abu Dhabi.

There’s also room for improvement: Strengthening governance, reducing oil dependence, and lowered geopolitical risk coupled with a maintenance of strong fiscal and external balance sheets could lead to positive rating actions for the emirate.

DFSA issues guidance ahead of client assets regime overhaul

The Dubai Financial Services Authority (DFSA) has issued a new FAQ (pdf) to help firms prepare for major changes to its client assets regime, which take effect on 1 January 2026, it said in a statement. The updated rules apply to all authorized firms in the Dubai International Financial Center that hold and/or arrange custody or have a client assets endorsement.

REFRESHER- The reforms follow a consultation paper (pdf) and feedback statement (pdf) published in March. They clarify that fund property — including crypto and investments held under delegated fund management — falls outside the scope of the regime. Firms that control but do not hold client assets face a narrower set of obligations under the revised framework.

New requirements for audits and crisis planning: Firms will need to maintain a client asset crisis preparedness pack, designed to support the swift return of assets in the event of insolvency or other disruptions. They’ll also be required to file separate audit reports for client money, client investments, and client crypto tokens, all due within four months of their financial year-end. A report on any non-compliance must be submitted within 30 days, with immediate notification required for breaches.

Due diligence rules sharpened: The FAQ confirms that monthly reconciliations of client assets remain mandatory and outlines strengthened due diligence expectations for third-party agents (TPA). Firms must assess a TPA’s creditworthiness, consider diversification of client money holdings, and disclose insolvency regime risks to clients.

Transition planning is urged: The DFSA is encouraging firms and auditors to conduct a gap analysis and implement a transition plan well ahead of the effective date. Firms with non-calendar financial years may face dual reporting requirements. Requests to remove the client assets endorsement, where eligible, can be submitted via the DFSA ePortal.

MoF clarifies path to double tax relief with MAP framework

The Finance Ministry (MoF) issued new guidance (pdf) on the Mutual Agreement Procedure (MAP), laying out how taxpayers can seek relief from double taxation under the UAE’s network of more than 100 double tax treaties, Wam reports.

Uh, Enterprise, what’s MAP? The MAP process allows taxpayers facing taxation that breaches a tax treaty — think dual residency conflicts, transfer pricing adjustments, or permanent establishment issues — to request relief through negotiations between the UAE and the foreign tax authority involved.

What’s required: The guidance outlines a comprehensive list of supporting documents taxpayers must submit, including tax assessments, treaty article interpretations, transfer pricing documentation, and proof of tax residency. Claims must typically be filed within three years of when the taxpayer becomes aware that double taxation may arise.

Who’s covered: MAP access is allowed even in multilateral disputes and in cases involving self-initiated adjustments, provided they’re made in good faith and backed by economic analysis. But if a final ruling is issued by a UAE court or the Tax Dispute Resolution Committee, the UAE Competent Authority is bound by it. In such cases, only the foreign tax authority may be able to grant relief.

I’ve submitted a claim, now what? The UAE Competent Authority, separate from the Federal Tax Authority, aims to resolve cases within 24 months, in line with OECD best practices. Taxpayers are expected to respond to any additional information requests within one month, or risk their claim being dropped. Where available, arbitration may be triggered if no agreement is reached.

Azizi Group launches energy arm, with focus on Afghanistan

Dubai-based conglomerate Azizi Group has launched a new subsidiary — Azizi Energy Investments — to develop and operate power generation and energy infrastructure projects in emerging markets, according to a press release. The conglomerate, best known for its real estate developments in Dubai, will headquarter the new venture in Dubai.

Scope: Azizi Energy will focus on coal, gas, hydro, wind, and solar power generation, as well as supporting infrastructure such as gas pipelines and electricity transmission networks. The company plans to develop, finance, construct, and operate these projects, with an eye on addressing energy shortfalls in underserved regions.

Afghanistan as a start: The group says it will target energy security and economic development through long-term infrastructure investments, targeting Asian markets. Initial plans include a 10 GW generation mix in Afghanistan.

Why Afghanistan? It’s the home country of Azizi Group Chairman and b’naire Mirwais Azizi, where he has pledged investments worth some USD 10 bn in the energy and rail sectors there, and has already committed investments to rebuilding infrastructure in the country. He also owns a number of businesses in Afghanistan, including a bank and a large construction firm.

Majid Al Futtaim taps new chairman following board shuffle + Dubai Chambers president is now an executive board member at ICC

Retail conglomerate Majid Al Futtaim Holding named Fadel Al Ali as chairman, replacing Sir Michael Rake, who had joined the firm in 2009, according to a press release. Al Ali previously served as COO at First Abu Dhabi Bank and CEO at Dubai Holding, and is currently the chairman of the Dubai Financial Services Authority.

REMEMBER- Al Ali was already tapped as chairman of MAF Capital, after the Dubai government stepped in with a special judicial committee to restructure the governance of Majid Al Futtaim (MAF), to resolve a long-running succession impasse and stabilize the group’s future, the Financial Times reported earlier this month. It also converted it into a public joint stock company with a lower decision-making threshold. Five government and four family representatives joined Al Ali on the board.

The International Commerce Chamber (ICC) elected Dubai Chambers President and CEO Mohammad Ali Rashed Lootah (LinkedIn) as a member of its executive board, according to the Dubai Media Office. Lootah was previously the CEO of Dubai’s Department of Economic Development, where he headed operations on business commercial inspection, consumer protection, and intellectual property protection.

Presight chooses 10 startups for AI accelerator + Aldar secures A ESG rating from MSCI

STARTUPS-

Presight announces inaugural AI accelerator cohort: Data analytics firm Presight AI has selected 10 startups for the first edition of its AI-Startup Accelerator, following a competitive process that drew 120 applications from 17 countries, according to a statement (pdf). The final cohort spans startups that have collectively raised over USD 150 mn — and are backed by global accelerators such as Microsoft, Google, Alchemist, and Techstars. The lion’s share come from the UAE, but startups from Singapore, Indonesia, Azerbaijan, Tajikistan, and the US also feature in the cohort.

UAE startups in the cohort include:

UAE and US-based Derq, which develops AI-powered traffic systems to prevent crashes and improve road safety;
UAE and Tajikistan-based Zypl.ai, which uses synthetic data and generative AI to strengthen fraud detection and risk scoring in financial systems;
Vulcan, a builder of GenAI-specific security, safety, and compliance tools for public sector and high-tech clients;
UAE and US-based NodeShift, offering a sovereign AI cloud platform for deploying large language and vision models with minimal setup;
UAE and US-based Cobi, which provides an AI-driven business intelligence platform for improving customer engagement and product optimization.

What now? The selected firms will join a bootcamp in Abu Dhabi focused on technical mentoring, market access, and investment readiness. Backed by Presight, G42, Microsoft, and Mohamed bin Zayed University of Artificial Intelligence, the program offers participants up to USD 150k in AI compute credits, USD 50k in cash support for UAE operations, and additional access to venture capital funding, Presight said in a separate statement.

REAL ESTATE-

Aldar gets an A rating on ESG: Aldar Properties received an upgraded A rating in MSCI’s latest ESG assessment, according to a press release (pdf). MSCI cited Aldar’s efforts to integrate ESG practices into operations as the reason for the move.

Sustainability targets: Aldar Properties has committed to recycling 87% of construction waste and increasing overall waste recycling by 10% in 2025, according to its latest sustainability report (pdf). It’s also eyeing reducing energy use by 30% and water use by 40% from baseline standards. A 34 MW solar project that is slated for completion this year is projected to reduce CO2 emissions by 23k tons annually.

DEBT-

GFH Financial Group maintains stable outlook as ratings withdrawn: Capital Intelligence Ratings affirmed GFH Financial Group's long-term foreign currency rating at BB- with a stable outlook, and its short-term foreign currency rating at B, according to a statement from Capital Intelligence. The ratings agency simultaneously withdrew GFH's assigned ratings at the company's request.

FINANCE-

National Investments Company sets up shop in DIFC: Kuwait's National Investments Company (NIC) opened its first regional office in the Dubai International Financial Center, according to a press release. The move follows approval from the Dubai Financial Services Authority. The office will provide investment services to local and international clients.

TRANSPORT-

Bringing quantum computing to transport: Dubai’s Roads and Transport Authority is looking at adopting quantum technologies like quantum communication, computing, and cybersecurity, as part of its transition towards smart mobility, according to a statement. The authority is weighing the use of quantum communication to detect suspicious activity and unauthorized access across the RTA’s operations, while quantum computing could help analyze traffic flow patterns, predict congestion, supervise autonomous vehicles, and optimize route planning for public transport, the statement said.

DEFENSE-

Edge partners with CS Group on a tactical communications project: Defense conglomerate Edge Group signed a MoU with French tech firm CS Group to partner on advanced tactical communications systems, according to a press release. The partnership will integrate command systems with data networks, and Edge’s Space and Cyber Technologies Cluster will lead the joint development effort. The project aims to create secure communication solutions for military, government, and business use.

AI-

Airev, Tenstorrent partner on sovereign AI stack: UAE-based AI startup Airev has partnered with US chipmaker Tenstorrent to co-develop a sovereign-grade agentic AI stack for enterprise and public sector use, according to a press release. The platform, OnDemand, will run directly on Tenstorrent’s RISC-V hardware, with a dedicated development node launching in the UAE. The partnership is targeting regulated industries across North America, Asia, and the Gulf as part of a global go-to-market strategy.

UK leads global wealth exodus as UAE and Saudi Arabia maintain wealth haven status -Henley & Partners

A record 142k m’naires are set to relocate internationally in 2025, with the UK expected to register a historic net outflow of 16.5k high-net-worth individuals (HNWIs) — the largest ever recorded globally, according to Henley & Partners’ latest Private Wealth Migration Report. This marks the first year the UK has overtaken China, which is forecast to lose 7.8k m’naires, as the top source of outbound wealth.

The biggest beneficiary? The UAE, which is expected to see a record inflow of 9.8k m’naires this year — over 2k more than the US in 2nd place — as it continues to lure people with its attractive tax regime and golden visa. The US is expected to see 7.5k join their ranks this year, and Switzerland will see 3k.

Saudi Arabia is also going to be popular, with some 2.4k m’naires expected to move this year. The Kingdom is attracting a growing pool of returning nationals and international investors, drawn by its economic transformation efforts and increasingly flexible residency programs.

What’s driving the WEXIT? The exodus of m’naires from the UK stems from a mix of post-Brexit disillusionment, prolonged economic stagnation, sweeping tax reforms — including steep hikes to capital gains and inheritance taxes — along with tighter rules on non-domiciled residents and family wealth structures. There’s now “a deepening perception among the wealthy that greater opportunity, freedom, and stability lie elsewhere,” in more investor-friendly jurisdictions, said Henley & Partners CEO Juerg Steffen.

Europe’s traditional wealth centers are also losing their luster, with France expecting to see a net loss of 800 m’naires this year, followed by Spain with 500 and Germany with 400 — in a shift bringing “significant” implications for their “economic competitiveness and investment appeal,” Steffen added.

The Gulf was already gaining ground last year: The UAE saw the second-fastest growth in USD m’naires globally in 2024, adding 13k new HNWIs — a 5.8% y-o-y rise, according to UBS’ Global Wealth Report 2025. That brought the UAE’s m’naire population to 240.3k with a total wealth of USD 785 bn, second in the region only to Saudi Arabia, which added 15k m’naires — a 4.8% increase — to reach 339k. UBS expects around USD 122 bn in generational wealth transfers to take place across the Gulf in the coming years.

Southern Europe is also pulling in affluent newcomers, with Italy forecast to gain 3.6k, Portugal 1.4k, and Greece 1.2k, thanks to a mix of investor-friendly tax regimes, golden visa programs, and lifestyle appeal in these countries compared to more traditional European financial heavyweights.

Elsewhere, traditional destinations such as Singapore, Australia, Canada, and New Zealand are on track for their weakest m’naire inflows in years. In contrast, rising hubs like Thailand, with an expected net inflow of 450 m’naires, Morocco with 100, and Montenegro with 150 are quietly gaining traction among wealthy migrants.

MARKETS THIS MORNING-

Asian markets are mostly in the green this morning, continuing their positive streak following news of the Iran-Israel ceasefire. Hong Kong’s Hang Seng led gains with a 0.66% rise, while Japan’s Nikkei was up 0.1% and South Korea’s Kospi inched up 0.3%. Over on Wall Street, futures are hovering near the flatline, after US Federal Reserve Chair Jerome Powell quashed hopes of a sooner-than-expected interest rate cut.

ADX	9,795	+2.5% (YTD: +4.0%)
DFM	5,593	+3.4% (YTD: +8.4%)
Nasdaq Dubai UAE20	4,600	+4.9% (YTD: +10.5%)
USD : AED CBUAE	Buy 3.67	Sell 3.56
EIBOR	4.1% o/n	4.3% 1 yr
TASI	10,964	+2.4% (YTD: -9.0%)
EGX30	32,599	+3.8% (YTD: +9.6%)
S&P 500	6092	+1.1% (YTD: +3.6%)
FTSE 100	8759	+0.01% (YTD: +7.2%)
Euro Stoxx 50	5297	+1.4% (YTD: +8.2%)
Brent crude	USD 67.70	-5.3%
Natural gas (Nymex)	USD 3.54	-4.3%
Gold	USD 3333.90	-1.8%
BTC	USD 106,013.70	+2.2% (YTD: +13.4%)
Chimera JP Morgan UAE Bond UCITS ETF	AED 3.66	0.0% (YTD: +2.6%)
S&P MENA Bond & Sukuk	144.58	+0.3% (YTD: +3.3%)
VIX (Volatility Index)	17.48	-11.9% (YTD: +0.8%)

THE CLOSING BELL-

The ADX rose 2.5% yesterday on turnover of AED 2.1 bn. The index is up 4.0% YTD.

In the green: E7 Group PJSC Warrants (+14.5%), Phoenix Group (+14.3%) and Sharjah Cement and Industrial Development Co. (+11.6%).

In the red: Easy Lease Motorcycle Rental (-3.9%), Ghitha Holding (-1.5%) and Gulf Cement (-1.3%).

Over on the DFM, the index rose 3.4% on turnover of AED 1.2 bn. Meanwhile, Nasdaq Dubai was up 4.9%.

CORPORATE ACTIONS-

Al Mal Capital REIT to distribute 7.5% dividend yield: Al Mal Capital REIT will pay an interim dividend of AED 0.0375 per unit for 1H 2025, representing a 7.5% annualized yield, according to a press release (pdf). Investors must purchase units by 24 June to qualify.

CALENDAR

JUNE

24-25 June (Tuesday-Wednesday): EVCharge Live Middle East, Dubai World Trade Center.

24-25 June (Tuesday-Wednesday): Solar & Storage Live, Dubai World Trade Center.

24-25 June (Tuesday-Wednesday): Mobility Live Middle East, Dubai World Trade Center.

24-25 June (Tuesday-Wednesday): Middle East Rail, Dubai World Trade Center.

27 June (Friday): Islamic New Year holiday.

Signposted to happen sometime in 2H 2025:

Closing of XRG's acquisition of Covestro

JULY

6-7 July (Sunday-Monday): BRICS Summit, Rio de Janeiro.

29-30 July (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

SEPTEMBER

1-6 September (Monday-Saturday): Dubai Fashion Week, Dubai Design District.

8-10 September (Monday-Wednesday): DigiHealth exhibition, World Trade Center, Dubai.

8-19 September (Monday-Wednesday): WHX-Tech Expo, Dubai World Trade Centre.

10-11 September (Wednesday-Thursday): Mena Public-Private Partnership Forum ,Dubai.

12-14 September (Friday-Sunday): The International Real Estate and Investment Show, Abu Dhabi.

16-17 September (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

24-25 September (Wednesday-Thursday): The KT UniExpo, The H Dubai.

24-25 September (Wednesday-Thursday): Mohammed Bin Rashid Leadership Forum, Mohammed Bin Rashid Center for Leadership Development, Dubai.

24-25 September (Wednesday-Thursday): Dubai World Congress for Self-Driving Transport, Dubai.

OCTOBER

1-2 October (Thursday-Friday):World Green Economy Summit (WGES), Dubai World Trade Centre.

30 September - 2 October (Tuesday-Thursday): The Water, Energy, Technology, and Environment Exhibition (WETEX), Dubai World Trade Centre.

3-16 October (Friday-Thursday): Dubai Home Festival.

7-9 October (Tuesday-Thursday): The International Symposium on the System of Radiological Protection, the Ritz-Carlton Abu Dhabi, Grand Canal.

9 October (Thursday): Family Office Summit, Park Hyatt, Dubai.

9-15 October (Thursday-Wednesday): IUCN World Conservation Congress, Abu Dhabi.

14-16 October (Wednesday-Friday): Global Future Councils, Dubai.

22-24 October (Wednesday-Friday): World Investment Conference, Expo Centre Sharjah.

27-29 October (Monday-Wednesday): Future Hospitality Summit, Madinat Jumeirah, Dubai.

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

28-29 October (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

NOVEMBER

12-17 November (Wednesday-Monday): RoboCup Asia-Pacific, Khalifa University, Abu Dhabi.

15-17 November (Saturday-Monday): Myplant & Garden Middle East Green Expo, Dubai Exhibition Centre, Expo City.

17-21 November (Monday-Friday): Dubai Airshow 2025, Al Maktoum International Airport, Dubai.

18-19 November (Tuesday-Wednesday): Dubai Future Forum, Museum of the Future, Dubai.

DECEMBER

1-3 December (Monday-Wednesday): Eid Al Etihad (UAE National Day).

1-5 December (Monday-Friday): The World Congress of Neurosurgery, Dubai World Trade Center.

7-14 December (Sunday-Sunday): Asian Youth Para Games, APC headquarters, Dubai.

8-9 December (Monday-Tuesday): BTC Mena Conference, Adnec, Abu Dhabi.

8-10 December (Monday-Wednesday): BRIDGE media summit, Abu Dhabi.

9-10 December (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

18-23 December (Thursday-Tuesday): Games of the Future, Adnec, Abu Dhabi.

Signposted to happen sometime in 2025:

The Middle East Electric Vehicle Show, Expo Center Sharjah.
e& will complete Adnoc’s private 5G network.
Executive Committee Meeting (EXCOM 2025) conference of the World Smart Sustainable Cities Organisation (WeGO)
The International Civil Aviation Organization’s Global Implementation Support Symposium, Abu Dhabi.
Universal Postal Congress 2025, Dubai.

Signposted to happen sometime in the fall of 2025:

ICOM General Conference 2025, Dubai

Signposted to happen sometime in 2026:

1 January: Client asset regime changes in Dubai International Financial Center take effect.
9-11 January (Friday-Sunday): 1 Bn Followers Summit’s fourth edition, UAE.
28-29 January (Wednesday-Thursday): IBA Arbitration Day Conference, Abu Dhabi.
3-5 February (Tuesday-Thursday): The World Governments Summit.
12-15 February (Thursday-Sunday): The Society for Incentive Travel Excellence Global Conference, Abu Dhabi.
11-13 May (Monday-Wednesday): AI Everything Global, Adnec Center.
The UAE to host the Arab Competition Forum
Dubai to host the Arab Actuarial Conference
United Nations Water Conference 2026, UAE
The first edition of Dubai Future Finance Week.
Investopia Global Talks, Tashkent.

Signposted to happen sometime in October 2026:

Abu Dhabi Space Week, Abu Dhabi.

Signposted to happen sometime in 2027:

Abu Dhabi’s solar and battery energy facility, combining 5.2 GW of solar capacity and 19 GWh of battery storage, is set for commissioning.

Signposted to happen sometime between 2027 and 2029:

The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park.

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