Mubadala doubles down on asset management play

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Korea Inc. could get an Abu Dhabi base + Ajman Bank joins the AT1 party

Good morning, everyone. Everyone in the UAE wants someone else’s money this morning. From sovereign wealth to sukuk, the story running through today’s issue is the same: turn a balance sheet into a fundraising platform, and get other people’s capital working alongside your own.

Mubadala is opening its USD 25 bn credit book to outside pension funds and insurers for the first time, in a move proving that even a USD 385 bn sovereign wealth fund wants a bigger asset-management fee line.

Similarly, after bankrolling its global expansion almost entirely off its own balance sheet, Arada is setting up an ADGM-based fund platform to bring in institutional LPs for the first time.

DAE isn’t waiting around either, rolling out a new USD 6 bn leasing platform with Neuberger fresh off of its tie-up with Blackstone, and Ajman Bank is joining the debt rush, marketing its first-ever AT1 sukuk. All signs point to UAE players leaning harder on outside capital to scale.

WEATHER- Once again, we’re in for a high of 41°C in both Dubai and Abu Dhabi, along with lows between 31-32°C, according to our favorite weather app.

Korea Inc. could get an Abu Dhabi base

Abu Dhabi wants Korean industry to move from partnership talk to the factory floor. UAE-based AG Company signed a strategic partnership with South Korea’s Akbar Investment Company to study setting up a Korean Industrial Zone in Abu Dhabi, with Al Ain nominated as the proposed location, state news agency Wam reports. The first phase is expected to house more than 25 factories and draw over USD 1 bn in investment — but the agreement is still in the study stage.

They’re preparing, though: The visit saw 15 undisclosed MoUs signed with Korean companies and manufacturers that were part of a wider Korean delegation led by Jung Min Kim, a member of Korea’s National Assembly, and its trade, industry, energy, SMEs, and startups committee.

IN CONTEXT- The move builds on a wider UAE-Korea industrial push. Earlier this year, the two sides signed a USD 35 bn defense cooperation MoU and agreed to reposition Mubadala’s USD 30 bn pledge toward nuclear energy, AI, advanced tech, and culture — itself building on the 2024 CEPA and 19 earlier MoUs spanning energy, defense, tech, and climate.

Ajman Bank eyes first AT1 issuance

Ajman Bank is joining the Gulf’s AT1 party. The Dubai-listed lender has mandated nine banks — our friends at Mashreq, ASB Capital, Dubai Islamic Bank, Emirates NBD Capital, FAB, JPMorgan, Morgan Stanley, Standard Chartered, and Warba Bank — to arrange a USD-denominated perpetual non-call 5.5-year AT1 capital sukuk, its first-ever capital securities transaction, Zawya reports. Investor calls kicked off yesterday ahead of a potential pricing.

SOUND SMART- This sukuk is structured as an AT1 (Additional Tier 1) — it’s subordinated, has no fixed maturity, and — under Basel III and CBUAE capital rules — counts as regulatory capital that cushions the bank against losses. Banks issue AT1 specifically to bolster their capital adequacy ratios.

Why it matters: Ajman Bank is a BBB+ lender — smaller and lower-rated than the FABs and DIBs that have dominated this year’s Gulf capital-securities calendar. Its entry into the AT1 market suggests that the appetite driving 2026’s issuance wave has broadened beyond blue-chip names to smaller regional banks testing whether investors will follow them down the credit curve.

BACKGROUND- It’s been a frantic few weeks for UAE debt. Dubai Islamic Bank raised USD 1 bn through a perpetual non-call six-year AT1 sukuk at 6.25%, more than 2x oversubscribed. FAB priced USD 750 mn in Tier 2 securities — its second issuance in June alone, after a EUR 750 mn green bond earlier in the month. Mashreq returned to the market with a USD 500 mn AT1 at 6.625%, up from the 6.25% coupon on its February AT1 — itself the first UAE bank capital trade of the year. Rakbank priced alongside it. Outside banking, Abu Dhabi’s Burjeel Holdings sold a USD 500 mn sukuk.

ADCB systems back online

After days of banking services disruptions, Abu Dhabi Commercial Bank’s (ADCB) main systems are back up and running, the lender said in a statement. This comes after ADCB customers temporarily lost access to banking services at the end of last week due to “essential system maintenance.” Core services are now back in place, and mobile app services are working for “a large portion” of customers as the lender works to restore full access.

UAE, Syria partner on food security

Food exports and supply chains are the latest sectors targeted by increasing UAE-Syria relations, with the two sides set to launch an agricultural system covering the entire food supply chain stack, Syrian state news agency Sana reports.

Who’s involved? ADX-listed investment firm Mair Group, which specializes in food retail and real estate, and UAE-based software and agri-tech player NVSSoft.

Syrian farmers will be able to export fresh produce directly to the UAE via Iraq as part of the initiative. Mair will set up four processing centers in Syria, and NVSSoft will develop a digital platform to support the plan.

IN CONTEXT- The UAE is actively looking to shore up its food supply chain after the regional war exposed risks in its food security system. Furthermore, the Emirates has moved quickly to back various stages of Syria’s reconstruction, including in the real estate and logistics sectors, with other avenues for collaboration in the works.

Market watch

One major Asian buyer is stepping up crude orders: China placed orders for at least 26 mn bbl for delivery in July or August from the UAE, Saudi Arabia, Qatar, and Iraq via tenders and one-off purchases from trading firms, the Financial Times reports, citing data from Argus. Beijing seeks to replenish domestic stocks — depleted during the regional war — that may have fallen to around 1 mn bbl / d in May and June. Beijing intentionally chose not to replace its missing Gulf oil with alternatives from elsewhere, forestalling fears of surging global prices.

The return of Beijing to Middle Eastern crude markets is a bullish signal, S&P director of oil trading research Zhuwei Wang told the FT. That said, a major rebound in Chinese crude oil purchases depends on Beijing lifting informal export restrictions on refined products like gasoline and jet fuel, Argus’ head of Asia crude pricing Fabian Ng says. These controls — put in place to protect domestic supply during the Iran war — cap the amount of raw crude China can currently import.

Data point

AED 221.3 bn — that’s the value of Dubai residential sales in 1H 2026 from nearly 79.2k transactions, according to Cavendish Maxwell insights published in a press release. The market remains large, but it has cooled from last year’s pace, with 1H transaction volumes down just under 14% y-o-y and sales values falling 15.7%.

June pointed to some resilience after a quieter May: Residential transactions rose nearly 30% m-o-m to 12.3k transactions worth AED 25.17 bn, partly as delayed post-Eid activity came through. Off-plan continued to carry the market, accounting for 76% of June transactions and AED 17.6 bn in sales.

Luxury residences still running hotter than broader market: Dubai logged a record 296 homes worth more than USD 10 mn in 1H, with the luxury transaction value rising 14% y-o-y to USD 5.1 bn, according to a Knight Frank report (pdf). But timing matters — many of those agreements were closed before the regional conflict and were registered later, meaning the real test for prime demand may come after summer.

Knight Frank’s outlook is positive: “We’re seeing daily transactions come through because the base fundamentals are still unchanged,” head of MENA research Faisal Durrani said. “The world-class infrastructure, global connectivity, ’can-do’ government mantra, pro-business environment, cosmopolitan lifestyle, and excellent education and healthcare facilities are amongst the most competitive globally.”

The big story abroad

It’s an oddly quiet Tuesday morning on the foreign front pages, with no single story dominating headlines. Among those getting top billing:

#1- Iran’s military reportedly fired at least two missiles on commercial vessels crossing the Strait of Hormuz in the early hours of the morning, two US officials told Axios. The US “is likely to retaliate with strikes against Iranian targets,” according to Axios.

#2- Vertex Pharma will acquire drugmaker Crinetics Pharma for a total equity value of approximately USD 10 bn, diversifying its access to treatments that could generate more than USD 5 bn in annual revenues. The move is the latest in a surge of pharma dealmaking, as big pharma gains confidence in navigating regulatory scrutiny while racing to offset looming patent expirations.

#3- Major banks aim to skirt limits on debit card fees: A coterie of US banks — including JPMorgan Chase, Bank of America, and Wells Fargo — are reportedly looking to bypass a federal law capping debit card fees by acquiring a network owned by the fintech player Fiserv. While these caps cost the industry bns annually, banks have long argued the limits restrict them from offering customer rewards and other services. The acquisition is still in early stages.

#4- And in the gaming world: Microsoft is letting go of 4.8k employees as part of a major restructuring of its Xbox division, as the gaming industry faces an intense hardware crisis. The company is pivoting to navigate a paradigm shift ushered in by advancements in AI.

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Mubadala turns its USD 25 bn credit book into an asset-management play

Mubadala is turning one of its biggest in-house investment engines into a product it can sell. The Abu Dhabi wealth fund is transferring management of a USD 25 bn credit portfolio — about 6% of its USD 385 bn balance sheet — to Mubadala Capital under a long-term agreement while retaining ownership of the assets, Bloomberg reports. Mubadala will also commit another USD 4.65 bn to expand the platform as Mubadala Capital prepares to raise money from pension funds, insurers, and wealthy clients.

Why it matters: This is Mubadala using its balance sheet as a launchpad for fee-generating asset management. The credit business had previously invested only Mubadala’s own capital — now it can raise traditional funds, evergreen vehicles, and other products for external investors. “Mubadala is doubling down on Mubadala Capital in more ways than one,” Mubadala Capital’s CEO Hani Barhoush told the business news service.

The asset manager is wagering that bank retreats from direct lending will leave more room to lend, particularly in Europe and Asia. This expansion comes even as parts of the USD 1.8 tn private-credit market face a wave of redemptions — a trend managers admitted heading into 2Q results is unlikely to ease quickly.

BACKGROUND- This isn’t a cold start. Mubadala began investing in private credit back in 2009 and deliberately built the business by backing specialist managers rather than running its own lending desk. This structure allowed it to source dealflow across direct lending, infrastructure and real estate debt, private credit secondaries, NAV financing, and Asia-focused lending, according to Omar Eraiqat, who will lead the newly carved-out Credit and Solutions unit.

Over the past two years, the fund has gotten notably more aggressive across its portfolio, wading into complicated transactions many sovereign peers avoid — including the 2024 acquisition of Canada’s CI Financial (one of the largest-ever privatizations by an Abu Dhabi entity in financial services), a 42% stake in LA-based Silver Rock Financial backed by more than USD 1 bn in commitments, an ins. partnership with Aquarian.

Khaldoon Al Mubarak will take over as chairman of Mubadala Capital, which has grown from an in-house private equity unit into a broader alternatives manager spanning credit, ins., real estate, and wealth management. Mubadala Capital now manages, advises, and administers more than USD 600 bn in assets, with over 200 staff across Abu Dhabi, New York, London, San Francisco, and Rio de Janeiro.

Arada is opening its real estate pipeline to outside institutional money for the first time

Arada is setting up a fund management arm that will let outside institutional money into its real estate pipeline for the first time — a structural shift for a developer that has funded its recent global buying spree almost entirely off its own balance sheet and bank lines.

Arada Capital will be based in the Abu Dhabi Global Market and has received in-principle approval from the ADGM’s Financial Services Regulatory Authority, with final licensing as a fund manager pending, according to a statement.

The target: USD 5 bn in assets under management within four years of the fund’s establishment. Institutional and qualified investors will be able to buy directly into Arada’s existing pipeline and broader GCC real estate assets — initially across the UAE and Saudi Arabia, before the platform expands into infrastructure and broader private-markets strategies.

Running it: Moustafa Fahour (LinkedIn), most recently COO of Plenary Middle East, where he delivered the UAE’s first education social-infrastructure PPP. He’s also held senior roles at UBS, Citigroup, Macquarie, and CIMIC and sits on the board of Alec Holdings.

BACKGROUND- Arada has spent the past eight months on an acquisition run that’s been funded the traditional way — equity from its own coffers plus bank debt. It took an 80% stake in London’s AED 12 bn Thameside West waterfront project last year, bought majority control of Abu Dhabi’s Reem Hospital in May, with an AED 2 bn commitment to build out three more; and days later it drew a USD 100 mn shariah-compliant facility from FAB, backed by Italy’s export credit agency Sace, to fund project development. It’s also been scouting the US housing market — Miami, Austin, Nashville — while lining up a Saudi entry and a Sydney office.

Why it matters: Arada’s USD-denominated debt got noticeably pricier at the height of the regional conflict earlier this year, with spreads on one issuance more than doubling to 707 bps. A funds platform gives the company a source of capital that isn’t rate-sensitive bank debt or public bond markets — and lets it keep scaling a pipeline that’s already worth AED 130 bn without stretching its own balance sheet further.

What’s next: Arada says further announcements on fund structure and specific investment vehicles are coming “in due course.”

DAE, Neuberger Specialty Finance launch new leasing platform

DAE goes shopping for capital, again: Dubai Aerospace Enterprise (DAE) and Neuberger Specialty Finance are launching Mustang Aerospace — a new aircraft-leasing co-investment platform targeting around USD 6 bn in investments across multiple vehicles over the medium term, according to a press release. The two will use the platform to acquire a diversified fleet of aircraft for airline customers worldwide.

Why it matters: This is DAE’s second co-investment platform in three months, after its launch of Equator with Blackstone Credit & Ins. in April — which targets around USD 1.6 bn in annual aircraft investments.

More than another leasing vehicle: “DAE has been expanding its aircraft investment and asset management capabilities for some time, and Mustang provides another avenue to scale those activities using institutional capital rather than relying solely on its own balance sheet,” Sindy Foster, principal managing partner at Avaero Capital Partners, tells EnterpriseAM.

The institutional-capital model gives DAE more room to grow: “Institutional capital allows DAE to grow faster without materially increasing leverage on its own balance sheet, while generating recurring management and servicing income alongside lease revenues,” Foster says.

Six banks, one warehouse: Goldman Sachs, Mizuho, BNP Paribas, MUFG, Société Générale, and Truist have all agreed to provide committed warehouse financing for the new vehicle.

That points to a platform built to scale: “Warehouse financing gives the platform flexibility to move quickly when aircraft or portfolios become available before refinancing through longer-term capital,” Foster argues. “It also demonstrates strong lender confidence. Aircraft acquisitions require significant amounts of capital and speed of execution, so having multiple banks involved provides both funding capacity and diversification of financing sources,” she says.

What Neuberger brings to the table: Neuberger manages more than USD 5 bn across more than 50 portfolio companies and investment vehicles and has invested more than 16 bn through 80 origination partners since the strategy launched in 2018.

Mustang has not disclosed target aircraft types — but the market points in a clear direction. Foster expects the platform to prioritize liquid, in-demand aircraft with strong lease prospects, particularly next-generation narrowbodies that remain attractive amid delivery delays and supply-chain constraints.

IN CONTEXT- The new vehicle arrives alongside DAE’s pending acquisition of Macquarie AirFinance. The Dubai-based lessor has signed a definitive agreement in 1Q 2026 to acquire 100% of Macquarie AirFinance. DAE is also targeting up to USD 3 bn in aircraft acquisitions this year and expects more than 30 deliveries from Boeing, Airbus, and ATR in 2026. CEO Firoz Tarapore highlighted that the company has acquired more than 300 aircraft over the past three years through acquisitions and direct manufacturer purchases.

Adnoc builds LNG control room, Whiteshield secures USD 15 mn for AI platform, Tadweer taps Urbaser for recycling plant

Adnoc builds its LNG control room

Adnoc has folded its LNG marketing and trading operations into a single platform — combining Adnoc Gas and XRG’s marketing arms with Adnoc Trading’s trading desk, according to a press release (pdf). The platform is targeting a combined marketable LNG portfolio of 47 mn tons per annum by 2035.

How it works: Abu Dhabi becomes the hub for long-term LNG marketing, while Adnoc Trading remains the counterparty for trading activity — leaving existing customer relationships and Adnoc Gas’ current commercial LNG arrangements completely unaffected.

Why it matters: The launch marks the latest step in Abu Dhabi’s strategy to build an integrated global LNG business spanning upstream gas production, liquefaction, shipping, trading, and marketing. Bringing these functions together should give Adnoc greater flexibility to redirect cargoes, optimize routes, and capture value across the global LNG markets.

Dubai’s Whiteshield banks USD 15 mn to scale up its AI platform

Dubai-based AI policy intelligence firm Whiteshield Group landed a USD 15 mn senior secured credit facility to expand its platform for governments, multilaterals, and corporates, according to a press release. The financing comes from funds managed by ADGM-based Ruya Partners. It marks the seventh transaction from Ruya’s flagship fund and its first outside sectors like power, food, and logistics-tech.

BACKGROUND- Founded in 2011 by Fadi Farra (LinkedIn), Whiteshield builds AI systems that help governments manage economic competitiveness, workforce transformation, and human capital planning. Operating primarily out of Dubai and Riyadh, the firm has deployed its product suite to reach more than 20 mn citizens, support 200k jobs, and factor into trade interventions across 37 countries, the statement read.

GO DEEPER- We reported last month that private debt overtook venture capital in the GCC for the first time in 2025, hitting USD 4.1 bn — but fintech still soaked up 95.5% of that. A credit fund backing an AI policy firm is an early sign the money is starting to look past fintech.

Tadweer taps Urbaser for recycling plant

Tadweer brings on int’l weight for a new recycling facility: Abu Dhabi-based waste management player Tadweer enlisted Spanish circular economy solutions firm Urbaser to build and operate a materials recovery facility in Abu Dhabi, according to Wam. No investment ticket was disclosed, but the facility is slated to process 200k tons of municipal waste and 200k tons of industrial and commercial waste per year when it comes online in 2028.

The ownership breakdown: The plant will operate as a JV under a five-year agreement, with Tadweer holding a 40% stake and Urbaser taking 60%. Urbaser, which is backed by Swedish international investment player EQT and Blackstone, already operates across Oman and Bahrain.

IN CONTEXT- Emirati players have recently been making moves to boost access to raw materials supplied through recycling. Emirates Global Aluminium’s Al Taweelah aluminum recycling plant went back online in May, after Iranian missile strikes disrupted initial production. This followed the company’s acquisition of a stake in Italy’s Eco Green to secure access to scrap aluminum supply.

Hamriyah launches AED 60 mn steel plant

In its first foray beyond its home market, Indian steelmaker Shyam Steel Group inaugurated a manufacturing facility in Sharjah’s Hamriyah Freezone at an initial investment of AED 60 mn, Wam reports. The project has an annual capacity of 24k tons of aluminum alloys and 6k tons of copper alloys.

What’s next? A phased AED 150 mn investment will back the project’s future growth, expanding manufacturing capabilities, product diversity, and market competitiveness. The company also plans to double direct employment to approximately 100 workers, alongside creating dozens of indirect jobs.

Asian loan market hits 16-year low in 1H

16 years — that’s how long it’s been since Asia’s loan market had a first half this bad. USD, EUR, and JPY loan issuance across Asia Pacific ex-Japan dropped 15% y-o-y to USD 69 bn in 1H 2026, the weakest first-half performance since 2010, according to Bloomberg data. The second half also looks no better.

The Iran war is the primary culprit. The conflict has stalled investment activity and pushed out financing timelines, with lenders applying more scrutiny to every transaction. “With increased uncertainty, there is a reduction in corporate confidence,” Andrew Ashman, head of Asia Pacific loan syndicate at Barclays, told the business information service. The M&A-driven issuance banks had expected hasn’t shown up, and the geopolitical drag looks set to last through year-end.

The Middle East liquidity channel is also narrowing. Middle Eastern banks are pulling back from offshore syndications and directing liquidity to their domestic markets — cutting off a funding source Asian borrowers have relied on for years. HSBC’s Ashish Sharma, head of leveraged and acquisition finance for Asia Pacific, expects the corridor to recover eventually — but not before conditions stabilize.

Some of that capital is landing in Australia. Loan volumes there fell around 10% in 1H, but an influx of Middle Eastern capital — redeployed as banks treat Australia as a safe haven — has intensified lender competition and compressed margins, Gavin Chappell, global head of acquisition finance and syndication at ANZ, told Bloomberg.

But it’s not just the war. China’s property slump is still weighing on credit demand, Indonesia’s regulatory tightening has cooled corporate appetite, and higher oil prices, paired with weaker currencies, have tightened conditions in markets like India.

Don’t expect the second half to look different. “The second-half volume may not be different from the first half purely because of macroeconomic reasons,” Birendra Baid, head of Asia Pacific loan syndication at Deutsche Bank, said. Still, with banks still willing to lend, pricing is expected to compress.

Where the money is going instead: With conventional volumes muted, capital is rotating toward higher-yielding pockets. Structured credit is picking up the slack, offering better returns than conventional corporate loans.

Data centers are the exception. Recent transactions include DayOne Data Centers Singapore doubling a MYR 15 bn facility, Blackstone-owned AirTrunk closing a USD 2.3 bn loan for a Malaysia project, while also seeking a USD 3 bn facility for a Sydney data center. Margins are rising too — a recent Malaysia transaction priced at 310 bps over SOFR, up from levels largely in the 200s over the past year, with bankers expecting another 20-50 bps of spread widening as further transactions come to market.

MARKETS THIS MORNING-

Asia-Pacific markets are down in early trading, with South Korea’s Kospi leading losses, down over 5%. Japan’s Nikkei is down almost 1%. Over on Wall Street, stocks are set to open flat with futures little changed.

ADX	9,922	+0.2% (YTD: -0.7%)
DFM	6,091	+0.5% (YTD: +0.7%)
Nasdaq Dubai UAE20	4,795	+0.2% (YTD: -1.9%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	3.6% o/n	4.1% 1 yr
TASI	10,813	+0.1% (YTD: +3.1%)
EGX30	52,503	+2.7% (YTD: +25.5%)
S&P 500	7,537	+0.7% (YTD: +10.1%)
FTSE 100	10,652	-0.3% (YTD: +7.3%)
Euro Stoxx 50	6,398	-0.2% (YTD: +10.4%)
Brent crude	USD 72.23	+0.3%
Natural gas (Nymex)	USD 3.26	+0.3%
Gold	USD 4,158	-0.2%
BTC	USD 64,325	+1.0% (YTD: -26.6%)
Chimera JP Morgan UAE Bond UCITS ETF	AED 3.73	0.0% (YTD: -0.5%)
S&P MENA Bond & Sukuk	152.23	+0.1% (YTD: +0.2%)
VIX (Volatility Index)	15.57	-1.5% (YTD: +4.2%)

THE CLOSING BELL-

The ADX rose 0.2% yesterday on turnover of AED 720.7 mn. The index is down 0.7% YTD.

In the green: Al Buhaira National Ins. Company (+4.2%), E7 Group Warrants (+3.2%), and Abu Dhabi National Co. for Building Materials (+2.5%).

In the red: National Corporation for Tourism & Hotels (-5.0%), Fujairah Building Industries (-5.0%), and Phoenix Group (-3.8%).

Over on the DFM, the index rose 0.5% on turnover of AED 557 mn. Meanwhile, Nasdaq Dubai was up 0.2%.

CALENDAR

JULY

28-29 July (Tuesday-Wednesday): Federal Open Market Committee (FOMC) meeting.

SEPTEMBER

1-3 September (Tuesday-Thursday: Middle East Energy, Dubai World Trade Center, Dubai.

7-9 September (Monday-Wednesday): AIM Congress, Dubai World Trade Center.

7-9 September (Monday-Wednesday): International Property Show, Dubai World Trade Center, Dubai.

12-13 September (Saturday-Sunday): Emirates International Congress on AI & Visionary Leadership in Transforming Healthcare, Adnec Center Abu Dhabi.

14-17 September (Monday-Thursday): Arabian Travel Market, Dubai World Trade Center, Dubai.

15-16 September (Tuesday-Wednesday): Federal Open Market Committee (FOMC) meeting.

29-30 September (Tuesday-Wednesday): AFCM Annual Conference, Abu Dhabi.

OCTOBER

4-10 October (Sunday-Saturday): World Space Week, Abu Dhabi.

5-7 October (Monday-Wednesday): AI Everything Global, Adnec Center, Abu Dhabi.

12-14 October (Monday-Wednesday): Airport Show, Dubai World Trade Center, Dubai.

13-15 October (Tuesday-Thursday): Annual Meeting of Global Future Leaders, Dubai.

20-22 October (Tuesday-Thursday): Future Health Summit, Adnec Center Abu Dhabi.

27-28 October (Tuesday-Wednesday): Arab Competition Forum, Dubai.

27-28 October (Tuesday-Wednesday): Federal Open Market Committee (FOMC) meeting.

30 October (Friday): Large businesses achieving annual revenues equal to or above AED 50 mn must appoint an accredited service provider for e-invoicing implementation.

Signposted to happen sometime in October 2026:

Abu Dhabi Space Week, Abu Dhabi.

NOVEMBER

2-6 November (Monday-Friday): Dubai Future Finance Week, Dubai.

4 November (Wednesday): Digital Transformation Summit, Sofitel, Abu Dhabi.

9-10 November (Monday-Tuesday): Annual government meetings, Abu Dhabi.

9-12 November (Monday-Thursday): EMEA Council on Hotel, Restaurant and Institutional Education Conference, Dubai College of Tourism, Dubai.

10-12 November (Tuesday-Thursday): Dubai International Electric Vehicle Exhibition & Conference, Dubai World Trade Center.

16-18 November (Monday-Wednesday): World Police Summit, Dubai World Trade Center, Dubai.

DECEMBER

2-4 December (Wednesday-Friday): UN Water Conference, UAE.

4-6 December (Friday-Sunday): Formula 1 Abu Dhabi Grand Prix, Abu Dhabi.

8-9 December (Tuesday-Wednesday): Capital Market Summit, Madinat Jumeirah, Dubai.

8-9 December (Tuesday-Wednesday): Federal Open Market Committee (FOMC) meeting.

8-10 December (Tuesday-Thursday): Abu Dhabi Water & Power Week, Adnec Center, Abu Dhabi.

Signposted to happen sometime in 2027:

1 January: Deadline for large businesses to implement e-invoicing;
1Q 2027: Completion of the first phase of Hassyan seawater desalination project;
1-3 February (Monday-Wednesday): World Governments Summit;
31 March: Small businesses with annual revenues of less than AED 50 mn are obliged to contract with an accredited service provider for e-invoicing implementation;
31 March: Government entities are required to appoint an accredited service provider for e-invoicing implementation;
21-22 April (Wednesday-Thursday): Token2049, Dubai;
1 July: Deadline for small businesses to implement e-invoicing;
1 October: Deadline for governments to implement e-invoicing;
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 in 2028:

Artificial Intelligence Summit.

Signposted to happen sometime in 2029:

Sibos 2029 organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Dubai;
Annual Meetings of the World Bank Group and the International Monetary Fund, Abu Dhabi;
The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park.

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