Fresh investments in Dubai’s real estate

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Finance Ministry to hold dialogue with state-owned GCC firms next week + Adia still after DB Schenker

Good morning, everyone, and happy FRIDAY. It’s much quieter on the news front than earlier this week — but we’re not complaining.

The flavor of the day is largely positive, with a boost in real estate investments and signs that UAE execs are among the most bullish in the region. Let’s dive in.

WEATHER- It’s another hot and sunny day in the UAE, with the mercury hitting 38°C in Dubai and 34°C in Abu Dhabi, with overnight lows of 30°C.

HAPPENING TODAY-

#1- The Intelligent Transport Systems World Congress 2024 is on its final day today in Dubai. The congress is expected to welcome 20k participants to explore innovations in smart mobility and transportation technology.

#2- Forbes’ Healthcare Leaders Summit 2024 is on its second and final day at the St. Regis Saadiyat Island Resort, Abu Dhabi. The event gathers healthcare leaders from across the region to discuss innovation in healthcare and sustainability in the industry.

HAPPENING NEXT WEEK-

#1- President Mohamed bin Zayed Al Nahyan is set to meet with US President Joe Biden on Monday as part of his first official visit to the US , which will see him prioritize discussions around economic ties and AI, diplomatic advisor to the president, Anwar Gargash, said in a briefing with reporters, according to Bloomberg. Regional developments and conflicts will also feature in the discussions, but the main goal of the trip is to explore AI and tech partnerships, Gargash reportedly added.

Al Nahyan is also set to meet with Vice President and presidential candidate Kamala Harris, as well as executives of large US-based firms, the business information service added.

#2- The Finance Ministry will hold its first dialogue with state-owned companies across the GCC next Tuesday in Dubai, aiming to boost economic integration across the region and address key challenges in the GCC Common Market, Wam reports. With over 80 firms participating, the event will feature government presentations on the GCC customs union and the common market, while the private sector will present a working paper outlining strategies to boost exports.

WATCH THIS SPACE-

#1- Adia-backed CVC consortium asks Deutsche Bahn to reconsider: Financial investor CVC, as part of a consortium backed by the Abu Dhabi Investment Authority and including Singapore’s GIC, is urging Deutsche Bahn to reconsider selling its logistics DB Schenker to Denmark’s DSV for EUR 14.3 bn (USD 16 bn), Reuters reports, citing a letter it has seen.

CVC said it’s willing to discuss an increase in the equity value of its EUR 14 bn (USD 15.6 bn) offer, Bloomberg reports, and question the calculations behind the transaction, writing “… our offer is economically advantageous compared to the DSV offer, which is why we should have been awarded the contract for the acquisition of Schenker.”

DB Schenker isn’t convinced: The company ran a thorough analysis and found the “result was clear” DSV’s offer was the best economically, Deutsche Bahn said in an emailed statement to Bloomberg.

What’s next: The agreement to sell to DSV still needs to be approved by Deutsche Bahn’s board at a meeting on 27 September.

REMEMBER- The consortium vying for DB Schenker had reportedly sweetened the bid last week with the addition of a EUR 1 bn guarantee to the German government in the event of an IPO, should the government stay on as an investor. The consortium had submitted two separate bids for Deutsche Bahn’s logistics subsidiary: one valuing it at EUR 14 bn, and another worth EUR 16 bn that would see the German government reinvest with a minority stake.

#2- Dubai-based developer Binghatti is looking into real estate tokenization to allow investors to enter the market with capital as little as AED 500, Binghatti chairman Muhammad Binghatti said at the Sharjah Investment Forum, Zawya reports. The developer — which began accepting cryptocurrency for payments in 2021, securing AED 500 mn in digital currency transactions within nine months — is looking to tokenize property to allow investors to trade real estate assets on the blockchain.

#3- The ADX is currently working on developing its own Islamic index, which will include an endowment shares service to donate shares for charitable causes, according to an Abu Dhabi Media Office statement, which did not disclose a timeline for the launch of the index. The ADX portfolio of Sharia-compliant financial instruments exceeds AED 2 tn, including nine Sharia-compliant ETFs covering domestic, regional, and international markets.

KUDOS- The ADX was named best Islamic stock exchange in 2024 by the Global Islamic Finance Awards, in a nod to its contributions to the Islamic finance sector, according to the Abu Dhabi Media Office.

DATA POINT-

The UAE advanced five places to secure the 17th position globally in the IMD WorldTalent Report. This puts the UAE ahead of several major economies, including Canada, the US, France, and the UK.

THE BIG STORY ABROAD-

Israel and Lebanon are still making front pages two days after Israel first targeted Hezbollah members’ pagers, which exploded abruptly in two separate attacks over the past two days in Lebanon, killing at least 37 and injuring up to 3k people. Israel has yet to claim responsibility for the attack.

Israeli warplanes carried out a deluge of strikes on south Lebanon late last night in a further intensifying of violence, targeting what its military said were hundreds of rocket launchers that were set to be launched against Israel, Reuters reports. Hezbollah leader Hassan Nasrallah said in a televised address yesterday that the pager attack had “crossed all red lines.”

ALSO- A preliminary investigation into the pager explosions found that the explosives were implanted before arriving in the country, according to a letter by Lebanon’s mission to the UN sent to the UN security council, Reuters reports separately.

IN THE BUSINESS PRESS- Markets rallied after investors seemed to conclude that the Fed’s jumbo rate cut on Wednesday was a good indicator for economic growth. We have more in Planet Finance, below.

ALSO- Nike’s CEO, John Donahoe, was ousted and replaced with formerly retired CEO Elliott Hill, following a decline in sales and market share. Hill will take over as of 14 October. (Bloomberg | FT | Reuters)

IN INTEREST RATE NEWS- The Bank of England and the People’s Bank of China have both left rates unchanged, with the latter going against analyst expectations.

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CIRCLE YOUR CALENDAR-

The World Freezones Organization’s Annual International Conference and Exhibition will take place from Monday, 23 September to Wednesday, 25 September in Dubai. The event will discuss zones and the shifting dynamics of global economic structures to open up new avenues for investment.

The Freight Summit Global Conference will take place from Monday, 23 September to Thursday, 26 September in Dubai. The conference is slated to bring together over 400 international freight forwarders to network and boost partnerships globally.

Gulfood Green takes place 24-26 September at the Dubai World Trade Centre. The event connects startups and investors in the FoodTech and AgriTech sectors, exploring new methods of food production, trade, and consumption. You can register here.

The Global Aerospace Summit will kick off on Wednesday, 25 September and run until Thursday, 26 September in Abu Dhabi. The summit will gather key players in the global aerospace supply chain industry along with high level industry and government officials to discuss industry services, legal structure and resource sharing.

The Dubai World Trade Centre will host the Water, Energy and Environment Technology Exhibition 2024 from 1-3 October, organized by Dubai Electricity and Water Authority. The event will focus on advancements in cybersecurity, digital transformation, and sustainability, showcasing the latest technologies and solutions to enhance digital and environmental security.

The Dubai World Trade Centre is set to host the Water, Energy, Technology andEnvironment Exhibition (WETEX) from October 1-3 2024. The annual event showcases the latest in technology and trends across energy, water, and environmental conservation.

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

Dubai developers plan over AED 13.2 bn in investments

Dubai’s real estate market is seeing a significant influx of investments, with HRE Development, One Development, and Kasco Developments planning a combined AED 13.2 bn in investments in residential projects throughout the emirate.

#1- HRE Development plans AED 10 bn investments: HRE Development plans to invest AED 10 bn in Dubai over the next three years, according to a press release. The developer just launched SkyHills 2 in Jumeirah Village Circle, a residential complex slated for completion in 2Q 2026, with plans to launch SkyHills 3 soon, Chairman Mohamed Hijazi confirmed.

#2- One Development introduces AI to real estate: Emirati boutique developer One Development is set to unveil the UAE’s first AI-integrated residential community, a AED 2 bn project in the City of Arabia in Dubai, according to a press release.

#3- Kasco Group’s new subsidiary, Kascco Developments, plans to invest an initial AED 1.2 bn in three projects primarily in Business Bay and Al Jaddaf, according to a press release. The developer plans to develop and sell 1 mn sq ft of residential space by 2025, with an emphasis on modern design trends and technological integration.

UAE-based CEOs among the most bullish in the region -KPMG

UAE CEOs are bullish on growth: Some 96% of UAE-based CEOs are feeling confident about their industry’s growth, well above the 79% average in the Middle East and 72% global average, according to KPMG’s UAE CEO Outlook 2024 report — indicating that UAE-based CEOs are among the most confident in the region. Some 72% are confident about their own company’s growth.

Methodology: The report surveyed 1,325 CEOs worldwide, including 25 from the UAE and 75 from the broader Middle East, on four major themes: economic outlook, ESG, talent, and technology.

AI and ESG are favorites for investment: Over half (52%) of Emirati CEOs said they consider generative AI as a top investment priority, while a slightly higher headcount (56%) is expecting “significant” returns on ESG investments within the next three to five years.

All Emirati CEOs plan to recruit more hires in the next three years, focusing on Emiratization, according to the press release accompanying the report. This comes on the back of 76% of CEOs saying they do not expect AI to reduce jobs in their organizations over the next three years, with 88% expecting traditional office roles to continue during the same period.

CEOs are also hungry for M&As, with 48% showing a high appetite for mergers and acquisitions, compared to only 28% in the Middle East.

Also worth noting: Some 20% of CEOs cite complexity in decarbonizing their supply chains as a barrier to ticking off net zero goals. Meanwhile, 52% said they plan to roll out both centralized and devolved strategies to address geopolitical challenges.

Additions and upgrades for Emirati-listed companies on FTSE to reel in more than USD 100 mn in inflows -report

UAE-listed companies could see investment inflows of up to USD 103 mn, owing to market restructuring following FTSE’s semi-annual review (pdf) of its indices, expected to take effect today, Al Khaleej reports, citing estimates by analysts and consulting firms.

The beneficiaries: Parkin dominates the lion’s share of expected investment flows, projected to reel in USD 22.7 mn, with Agthia following closely with USD 18.8 mn in inflows expected. Ajman Bank could see USD 15.8 mn in inflows, while Burjeel could see USD 15.7 mn. Phoenix, Amanat, RAK Properties, Dana Gas, NMDC Group, and Al Seer Marine, are also expected to see fresh inflows.

FTSE’s updates include:

Emaar Development and Modon were upgraded to classifications as Large Cap companies;
Burjeel and Phoenix were added as mid-cap companies;
Parkin and Ajman Bank were added to the Small Cap Index;
Agthia and Amanat were upgraded from the Micro-Cap to the Small Cap Index;
Amlak Finance and Union Properties were added to the Micro-Cap Index.

Other changes: On the other hand, Gulf Navigation was later removed from the Small Cap Index, while Presight was also removed from the Mid Cap Index, despite initially being added as part of the review, Al Khaleej reports, citing amendments made by FTSE.

51 UAE CEOs make it on Forbes’ top 100 healthcare leaders list

Forbes Middle East’s top 100 healthcare leaders list features 51 UAE leaders — the most of all countries. Among the top ten: Shaista Asif, co-founder and group CEO of PureHealth, retained the top spot for the second consecutive year. CEO of M42 Hasan Jasem Al Nowais; Founder and CEO of Burjeel Holdings Shamsheer Vayalil; and Seha CEO Saeed Jaber Al Kuwaiti are also among the top 10.

Emirates National Oil Company (Enoc) bagged the World of Safety and Health AsiaAward in the environmental sustainability category for its futuristic service station at Dubai Expo 2020, it said in a statement. The station featured 283 solar photovoltaic panels, generating 140 MWh of solar power, and a 25 m wind turbine producing 12.7 MWh of wind energy annually.

Dubai’s Atlantis The Royal ranked ninth on the World’s 50 Best Hotels 2024 list, receiving the “highest climber” award for improving its position from 44th in the previous year.

Meanwhile, the newly opened The Lana claimed the 23rd spot, in a nod for its “quiet luxury.”

ALSO WORTH NOTING-

Dubai Police has graduated the UAE’s first female land rescue team, consisting of 18 non-commissioned officers who will work alongside their colleagues in emergency operations. (Wam)

An AI sandbox with no copyright boundaries?

It’s all about the UAE’s growing role in the AI race in the foreign press this morning, with Semafor looking at a suggestion from VC firm 500 Global COO Courtney Powell for a concept that could edge the UAE in the race — a special economic zone without copyright laws, allowing AI companies to train models without legal constraints.

The UAE is no stranger to establishing special economic zones, with the country previously setting up “sandboxes” for startups in fintech, ICT, healthtech, mobility, and agritech to experiment with new technologies.

Arqaam Capital, Pluto to expand to Saudi

FINANCE-

Arqaam Capital gets the green light on its GCC expansion: Dubai-based investment bank Arqaam Capital secured approval from the Saudi Capital Market Authority (CMA) to begin operations in the KSA, according to a press release.

FINTECH-

Dubai’s Pluto expands to Saudi Arabia: Dubai-based Pluto will expand into Saudi Arabia through a strategic partnership with Saudi fintech neoleap, according to a press release. The partnership will integrate Pluto’s corporate card and AI-powered expense management tools with neolap’s digital payment solutions, providing Saudi businesses with automated financial management for tasks like reimbursements, procurement, and accounts payable. The collaboration targets both SMEs and large corporations in Saudi Arabia.

LOGISTICS-

Etihad Cargo + SF Airlines set up air cargo logistics JV: Etihad Cargo is establishing a new joint venture with Chinese air cargo carrier SF Airlines to boost global logistics and connectivity, according to a company statement. The partnership aims to increase aircraft capacity, enhance transit times, and expand interconnection networks. The collaboration is pending the signing of definitive agreements, set to be inked soon, the statement said.

Building on an existing friendship: SF Airlines and Etihad Cargo launched new air cargo routes last year linking China’s Ezhou City to Abu Dhabi. They also signed a reciprocal capacity agreement that allows Etihad to expand its reach to China by leveraging SF Airlines’ network, and created networks connecting Etihad Cargo’s hub in Abu Dhabi with SF Airlines’ Wuhan hub in April.

STARTUPS-

Khalifa Fund expands funding to additional sectors: Khalifa Fund for Enterprise Development has expanded its “Scale-up Funding” programs to support F&B and personal services sectors, including beauty, sports, flower and gifts, laundry, and wedding services, according to a press release. The program previously only covered healthcare, education, agriculture, ICT, tourism, and manufacturing activities.

About the program: Launched in November 2023, the program offers medium-term, zero-interest loans — ranging between 600k to AED 2 mn — with flexible repayment periods (36-48 months) and grace periods (3-18 months), alongside a dedicated business counselor. Entrepreneurs can apply for funding via the Tamm platform.

HEALTHCARE-

Abu Dhabi Stem Cells Center (ADSCC) is set to expand its accredited bone marrow transplant program to Burjeel Holdings’ Burjeel Medical City under a new partnership, according to an ADX press release (pdf). The initiative aims to improve access to specialized medical care for adult and pediatric patients with blood cancers, genetic disorders, and autoimmune diseases.

INS.-

Orient Ins. eyes expansion in Egypt, Australia: Orient Ins. is exploring expansion in life ins. in Egypt — where the company owns a General Takaful Company — as well as Australia’s Takaful market, according to a DFM disclosure (pdf). The company said it will reveal more details on plans to set up new units or secure official approvals in these markets once its “market search is positively concluded.”

The company is on track to set up shop in Saudi Arabia, currently “in the final stages of licensing and starting operation,” the disclosure reads. Orient received official approval to open a branch in the Kingdom back in February 2020, but operations were pushed due to the Covid-19 pandemic.

TRANSPORT-

G42-backed cognitive computing company Verses AI, launched a pilot smart city project in collaboration with G42 subsidiary Analog, state news agency Wam reports. The objective is to simulate taxi fleet management in Abu Dhabi, using its Genius platform to optimize fleet operations while reducing congestion and emissions. The project is the first in a series of commercial ventures between the two companies.

TECH-

#1- Hisense launches R&D center in Dubai: Chinese electrical appliances manufacturer Hisense has launched a research and development center at Dubai Internet City, aiming to provide tailored solutions for the Mena region, focusing on product durability, energy efficiency, and user experience, according to a statement. The center will also work on developing green tech and boosting energy efficiency and sustainability across its product line, while serving as a training hub for Hisense’s regional teams and partners.

#2- Hikvision to develop Ajman’s smart city initiatives: Ajman Municipality has inked an MoU with Chinese video surveillance tech supplier Hikvision to develop the emirate’s smart digital infrastructure, including IoT systems, remote control tech, and AI applications, state news agency Wam reports.

BUSINESS-

Dubai freezone community IFZA established an office in Zurich in partnership with Quadris Solutions to support its expansion in Europe and foster connections with Swiss firms, according to a press release.

Investors weigh up the rationale behind the Fed’s rate cut

The Fed’s 50 bps rate cut, the first in over four years, has shifted investor focus to messaging — with investors weighing whether the move means the Fed is attempting to avert a recession or is confident about economic growth.

Was the Fed behind the curve? Some investors are not convinced by Fed Chair Jerome Powell assurances that the US economy is on the right track, convinced instead that the atypically large rate cut indicates fear that the US is behind the curve, Reuters reports.

History says yes: This is mostly because, historically, jumbo cuts have come in the context of crises or otherwise major issues with the economy, the New York Times writes.

But others take it as a sign of confidence in the economy: On the other hand, many are taking it as a positive sign that the US will be able to stick a soft landing, especially considering economic growth data estimates, other investors said. Bloomberg’s latest MLIV Pulse survey also showed that 75% of respondents expect a soft landing after the cut.

Wall Street’s response later yesterday signaled a broader view that the move was positive, with US stocks rallying to continue their streak yesterday. The S&P 500 rose 1.7%, while the Nasdaq gained 2.6%.

MARKETS THIS MORNING-

Asian markets are also having a field day, with Japan’s Nikkei up over 2% as the JPY firmed against the USD after slipping earlier in the day, and ahead of the Bank of Japan’s interest rate decision. Hong Kong’s Hanseng and South Korea’s Kospi also jumped 1%. Meanwhile, Wall Street futures are slightly lower after yesterday’s rally.

ADX	9,500	+0.8% (YTD: -0.8%)
DFM	4,422	+0.7% (YTD: +8.9%)
Nasdaq Dubai UAE20	3,874	+1.3% (YTD: +0.8%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	5.0% o/n	4.0% 1 yr
TASI	12,080	+1.3% (YTD: +0.9%)
EGX30	30,938	+2.0% (YTD: +24.3%)
S&P 500	5,714	+1.7% (YTD: +19.8%)
FTSE 100	8,329	+0.9% (YTD: +7.7%)
Euro Stoxx 50	4,943	+2.2% (YTD: +9.3%)
Brent crude	USD 74.69	-0.3%
Natural gas (Nymex)	USD 2.34	-0.4%
Gold	USD 2,611.6	-0.1%
BTC	USD 62,765.73	+0.7% (YTD: -85.2%)

THE CLOSING BELL-

The DFM rose 0.7% yesterday on turnover of AED 372.6 mn. The index is up 8.9% YTD.

In the green: Takaful Emarat (+4.4%), BHM Capital Financial Services (+2.2%) and Dubai Electricity & Water Authority (+2.1%).

In the red: National Cement Company (-8.9%), Shuaa Capital (-5.0%) and Agility (-4.6%).

Over on the ADX, the index rose 0.8% on turnover of AED 2.5 bn. Meanwhile Nasdaq Dubai closed up 1.3%.

CORPORATE ACTIONS-

Dubai’s Amanat Holdings will distribute AED 75 mn in interim dividends for 1H 2024, according to a DFM disclosure (pdf).

My Morning Routine: Nour Al Hassan, founder and CEO of Tarjama&

Nour Al Hassan, founder and CEO of Tarjama&: Each week, My Morning Routine looks at how a successful member of the community starts their day — and then throws in a couple of random business questions just for fun. Speaking to us this week is Nour Al Hassan (LinkedIn), the founder and CEO of Tarjama&. Edited excerpts from our conversation:

My name is Nour Al Hassan. I’m the founder and CEO of Tarjama&, a company that focuses mainly on language services, and which recently started building its own AI solutions and technology. I’m a lawyer by education, and I started this business 16 years ago. We have offices in Riyadh, Dubai, Amman, Montreal, and Paris.

Before I founded Tarjama, I was working as a consultant at an international organization. There was always demand and requests for translation, but the biggest two issues that we used to face are poor quality and turnaround time. So, I decided I want to build a company with global standards, but MENA-based and MENA-focused. I wanted it to be the best and the largest when it comes to language services.

We recently rebranded from Tarjama to Tarjama&, to reflect the work we do on the content, event documentation, and marketing and social media side. There’s a wide spectrum of services that Tarjama delivers now, but because the name is very well known and well established, we kept the name and opted for Tarjama& to reflect the adjacent services we offer.

We started by building our own machine translation engine that is tailored for business use, and that has very good quality Arabic data in financial, legal, and medical industries. We later decided we want to build our own translation management system, which is like an ERP system for translators. It organizes their work, and has machine learning embedded in it. We sell that to linguists and to business clients.

We work with government entities and large consulting firms, banks, and the healthcare sector, among other domains. We have over 600 recurring clients.

We are the only company in the region that built Arabic machine translation engines with that quality and the only company that went and built a translation management software for translators, which is a very complex product.

We also recently entered the large language model (LLM) space, and we’re fine tuning our own Arabic LLM that will have more capabilities than just translation, and plan to launch it soon.

The main things we’re looking into now is how to integrate large language models into our workspace and business model. How do we use AI to make us more productive and how do we make AI work with humans to produce the best possible quality? We do still believe that the human role is crucial despite all the hype on large language models’ capabilities, and we do think that, no matter what you want to build, the human feedback in the loop is crucial.

As a CEO, I’m supposed to set the vision of the company, so that’s what I do for a living. I look after the growth of the company, in terms of revenues, for example. I have to hold the PNL. I am responsible for brainstorming with the team on what new technologies we need to take on, who are the clients we want to go after, or the new markets we want to enter.

In terms of my morning routine, I’m usually up by 6am. I start by having coffee and cleaning up my inbox, and see if there’s anything urgent that I need to push out of the way. Then, I exercise. By 10am, my day starts with meetings all the way up until 7pm. My day is usually split between meetings with clients and meetings with my team members.

The one constant in my routine is working out. I try as much as possible to do at least five to six days a week at the gym, and I also prioritize sleeping early. The best thing to keep you organized is to wake up early and start your morning with a workout, so you’re high energy and so that it sets the tone for your day.

My work-life balance is, well, completely off balance. I do work a lot — more than I should — and I barely have one day off a week if I’m lucky, so I’m struggling with it. It’s not very feasible at the stage where Tarjama& is now at, with its growth plan and the recruitment and hiring needs. I think I will get there soon, though, because I’m recruiting really good people to help me. My team is growing, and I have more mature people around me, so it’s one of my main targets in 2025 — to stop doing anything post 5 or 6pm, and to take my weekends.

When the weather is nice in Dubai, I like to go on a beach walk in the evening to unwind. I also like to watch a series or a movie on Netflix to try to switch off.

I listen to a lot of podcasts. My current favorite is Humans vs. Machines with Gary Marcus, and I also enjoy How I Built This. As for books, I like every book that Peter Drucker wrote, especially The Effective Executive. I like Blink as well, and Shoe Dog, which is about Nike’s founder.

For my personal goals, I really enjoy investing in startups, and want to do more of that. As for my goals for Tarjama&, I want to expand it so it has a global footprint, and I want it to be among the top 10 language services firms in the world.

The best advice I got is to remain focused, and that was from the founder of Aramex, Fadi Ghandour. I always tend to like to build too many things at the same time, and he advised me to remain focused, because that’s the only way you can accomplish one target at a time.

CALENDAR

SEPTEMBER

16-20 September (Monday- Friday): Intelligent Transport Systems World Congress 2024, Dubai.

19-20 September (Thursday-Friday): Healthcare Leaders Summit 2024, St. Regis Saadiyat Island Resort, Abu Dhabi.

22-26 September (Sunday-Thursday): Sharjah-Europe Businesswomen Forum, Brussels.

23-25 September (Monday-Wednesday): WorldFreezonesOrganization’s Annual International Conference and Exhibition, Dubai.

24-26 September (Tuesday-Thursday): Careers UAE 2024, Dubai World Trade Centre, Dubai.

24-26 September (Tuesday-Thursday): Gulfood Green, Dubai World Trade Centre, Dubai.

25-26 September (Wednesday-Thursday): Green Steel Summit, Dubai, UAE.

25-26 September (Wednesday-Thursday): Global Aerospace Summit, Abu Dhabi, UAE.

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

30 September (Monday): Dubai Podfest, World Trade Center, Dubai.

OCTOBER

1-3 October (Tuesday-Thursday): Water, Energy and Environment Technology Exhibition, Dubai.

2-3 October (Wednesday-Thursday): The World Green Economy Summit, World Trade Center Dubai.

2-3 October (Wednesday-Thursday): MENA District Cooling Projects & MENA Cool Forum, Grand Hyatt Dubai, Dubai Healthcare City, Dubai.

7-8 October (Monday-Tuesday): Forex expo, World Trade Center, Dubai.

7-8 October (Monday-Tuesday): AgraME, World Trade Center, Dubai.

7-10 October (Monday-Thursday): The World Air Taxi Congress, The Grand Hyatt Dubai, Dubai.

8-9 October (Tuesday-Wednesday): Global Trade and Supply Chain Summit, Dubai.

8-10 October (Tuesday-Thursday): The Global Rail Transpo[rt Infrastructure Exhibition and Conference(Global Rail), Abu Dhabi.

9-10 October (Wednesday-Thursday): The Regional Data and Community Development Forum, Al Jawaher Reception and Convention Centre, Sharjah.

10-13 October (Thursday-Sunday): The Abu Dhabi Grand Slam Judo tournament, Mubadala Arena.

13-14 October (Sunday-Monday): Abu Dhabi Wedding Show, Park Hyatt Abu Dhabi.

13-16 October (Sunday-Wednesday): DMCCxAGCC: Global AI Challenge *Sustainability Edition, Dubai.

14-18 October (Monday-Friday): Gitex Global, Dubai World Trade Centre and Dubai Harbour.

13-16 October (Sunday-Wednesday): Expand North Star, Dubai Harbour.

14-18 October (Monday-Friday): IEEE/RSJ International Conference on Intelligent Robots and Systems, Adnec Centre, Abu Dhabi.

14 October (Monday): The Smart Cities MENA Summit, Dubai.

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.

21-22 October (Monday-Tuesday): Port Development MEA Forum, Dubai.

21-22 October (Monday-Tuesday): Roads, Bridges, Tunnels MENA Conference, Dubai.

21-22 October (Monday-Tuesday): The Alternative Investment Summit, Dubai.

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

26 October (Saturday): UFC 308: TOPURIA vs HOLLOWAY, Etihad Arena, Abu Dhabi.

26-27 October (Saturday-Sunday): International Conference on Tourism, Transport, and Logistics, Dubai.

28-29 October (Monday-Tuesday): MENA Climate Proof Forum, Dubai.

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

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

30 October (Wednesday): Connected Construction Conference, Museum of the Future, Dubai.

30-31 October: Sixth edition of Binance Blockchain Week, Coca-Cola Arena, Dubai.

NOVEMBER

3-10 November (Sunday-Sunday): Dubai Premier Padel P1, Dubai Dutyfree Tennis Stadium, Dubai.

4-7 November (Monday-Thursday): Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), Abu Dhabi.

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

4-7 November (Monday-Thursday): ADIPEC Decarbonisation Accelerator, Abu Dhabi.

6 November (Friday): World Finance Forum, Dubai.

11 November (Monday): Dubai Diamond Conference, Jafza One Convention Centre, Dubai.

11-12 November (Monday-Tuesday): META Cinema Forum, Dubai.

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

19-20 November (Tuesday-Wednesday): Dubai Future Forum.

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

22-23 November (Friday-Saturday): Global Meet on Electronics & Electrical Engineering (GMEEE), Dubai.

22-24 November (Friday-Sunday): Michelin Guide Food Festival, Emirates Palace Mandarin Oriental, Abu Dhabi.

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

23-24 November (Saturday-Sunday): Emirates Dubai Sail Grand Prix, SailGP Race Stadium.

26-27 November (Tuesday-Wednesday) Global Food Security Summit, Adnec Centre Abu Dhabi.

26-29 November (Tuesday-Friday): Big 5 Global, Dubai World Trade Centre.

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

28 November-1 December (Thursday-Sunday): Spartan World Championship, Al Wathba Desert, Abu Dhabi.

30 November (Saturday): Football Legends Cup, Al Maktoum Stadium Al Nasr Sports Club, Dubai.

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 (Monday-Tuesday): The Bitcoin Mena Conference, Adnec Centre Abu Dhabi.

9-12 December (Monday-ThursdayTuesday): Abu Dhabi Finance Week, Abu Dhabi.

10-12 December (Tuesday-Thursday): Middle East Investor Relations Association (MEIRA Conference), Conrad Abu Dhabi Etihad Towers Hotel, Abu Dhabi.

10-12 December (Tuesday-Thursday): The Middle East and North Africa Business Aviation Association Show, Al Maktoum International Airport, Dubai.

11-13 December (Wednesday-Friday): European-Arab Medical Congress, Abu Dhabi.

14-21 December (Saturday-Saturday): World Schools Festival, Abu Dhabi

6 December-12 January: Dubai Shopping Festival.

Signposted to happen sometime in December:

UAE-China Summit, Abu Dhabi.
Abu Dhabi Forum for Peace, Abu Dhabi.

JANUARY 2025

1 January (Wednesday): ADGM to slash licensing fees for retail and non-financial firms, and hike fees for finance firms.

9-13 January (Thursday-Monday): International Renewable Energy Agency Youth Forum, Abu Dhabi.

11-13 January (Saturday-Monday): International Renewable Energy Agency Assembly, Abu Dhabi.

14-16 January (Tuesday-Thursday): World Energy Summit, Abu Dhabi.

14-16 January (Tuesday- Thursday): The Light + Intelligent Building Middle East exhibition, Dubai.

FEBRUARY 2025

1-8 February (Saturday-Saturday): The Mubadala Abu Dhabi Open, Zayed Sports City’s International Tennis Centre.

2-3 February (Sunday-Monday): L’Etape Dubai cycling race, Dubai.

24-25 February (Monday-Tuesday): World Passenger Experience Forum, Dubai.

24-26 February (Monday-Wednesday): Connecting Hydrogen MENA, Dubai.

Signposted to happen sometime in 1Q 2025:

The first eight fronds of the Palm Jebel Ali will be site-ready, allowing for the commencement of villa infrastructure and civil works.

APRIL 2025

6-11 April (Sunday-Friday): Geo-Spatial Week 2025, Dubai.

7-9 April (Monday-Wednesday): AIM Investment Summit, Abu Dhabi National Exhibition Center

14-16 April (Monday-Wednesday): Dubai Woodshow’s 21st Edition, Dubai World Trade Centre

Signposted to happen sometime in April:

Abu Dhabi Autonomous Racing League, Yas Marina Circuit in Abu Dhabi

MAY 2025

6-7 May (Tuesday-Wednesday): Global Ports Forum, Dubai.

26-28 May (Monday-Wednesday): Arab Media Summit, World Trade Center, Dubai.

JUNE 2025

3-4 June (Tuesday-Wednesday): Make-A-Wish International’s Global Wish summit, Abu Dhabi.

OCTOBER 2025

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

Signposted to happen sometime in 2025:

The Middle East Electric Vehicle Show, Expo Center Sharjah.
e& will complete Adnoc’s private 5G network.
The International Civil Aviation Organization’s Global Implementation Support Symposium, Abu Dhabi.

Signposted to happen sometime in the fall of 2025:

2025 Games of the Future, Dubai.

Signposted to happen sometime in 2026:

The UAE to host the Arab Competition Forum
Dubai to host the Arab Actuarial Conference

Signposted to happen sometime in 2028:

Abu Dhabi to host the Chess Olympiad.

Signposted to happen sometime in 2029:

Dubai to host the International Conference on Computer Vision.

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