New defense, education, and entrepreneurship ministers in cabinet shuffle

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Are GCC trade talks with the UK on track after change in gov’t? + Mubadala mulls sale of Brazilian port assets

Good morning, wonderful people, and welcome to the start of a new workweek. We ring in the new week with news of a cabinet shuffle, which sees Dubai Crown Prince Sheikh Hamdan bin Mohammed appointed as Defense Minister, alongside a raft of new changes including an overhaul of the education sector. Let’s dive in,

WEATHER- The mercury will hit 41°C in Dubai, before cooling to an overnight low of 35°C. In Abu Dhabi, temperatures will hit 36°C before cooling to 32°C overnight.

UPDATE-

Aldar Properties listed its USD 500 mn, 10-year green sukuk on the Global Exchange Market of Euronext Dublin and the ADX on Friday, according to an ADX disclosure (pdf). The issuance holds a fixed interest rate of 5.5%, and is set to mature on 16 May, 2034.

BACKGROUND- Aldar raised USD 500 mn from the 10-year green sukuk issuance in May, after pricing the issuance at 110 basis points over US treasuries, narrowed down from guidance of 140 bps on strong investor demand. The issuance attracted USD 1.9 bn in orders, and comes under its USD 2 bn trust certificates programme.

ADVISORS- Our friends at HSBC, alongside Standard Chartered Bank, are global coordinators for the issuance. Our friends at Mashreq and First Abu Dhabi Bank, alongside Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, and Morgan Stanely were selected as the joint lead managers and bookrunners for the issuance.

WATCH THIS SPACE-

#1- Mubadala to shed Brazilian port assets? Mubadala Capital and Singapore trading giant Trafigura Group are in talks with banks for the potential sale of Brazilian iron-ore port terminal operator Porto Sudeste, Bloomberg reports, citing people familiar with the matter. The move comes after the port shipped 26.1 mn tons of iron ore last year, below its 50 mn ton capacity on the back of increased competition from Vale SA's export facilities.

Mubadala plans to use the sale proceeds to boost investments in Bahia state, including a planned refinery for green diesel and sustainable aviation kerosene, the newswire adds.

Background: Mubadala Capital and Trafigura Group acquired Porto Sudeste from former b’naire Eike Batista's MMX Mineracao & Metalicos back in 2014. They also took control of some 85% of debt securities linked to terminal royalties as part of the acquisition.

#2- Are GCC trade talks with the UK on track after change in gov’t? The Gulf Cooperation Council (GCC) is aiming to finalize a trade agreement with the United Kingdom before the end of this year, GCC Secretary General Jassim Al Budaiwi said after talks with UK Trade Secretary Jonathan Renolds in London last week, state news agency SPA reports. It was the first meeting on a trade agreement since the Labour Party’s landslide victory in the country’s general election on 4 July.

IN CONTEXT- Six rounds of talks have taken place so far, the last in February 2024. Officials are hoping London’s interest in a trade agreement, clear under Rishi Sunak’s Tory government, will survive now that Keir Starmer is in charge.

DATA POINT-

#1- Dubai Mall attracted some 57 mn visitors in 1H 2024, compared to 52 mn visitors during the same period last year, Wam reports. The mall also saw an 8-15% y-o-y increase in retail sales.

#2- Dubai has held its rank as the world’s second most in-demand destination for flights and hotel stays in 1H 2024, Emarat Al Youm reports, citing data from Google. Based on search frequency from international markets on the search engine, Dubai outperformed Paris, New York, and Amsterdam in the two categories, placing second only to London. The emirate scored 80 points on the overall demand index among global tourist destinations.

THE BIG STORY ABROAD-

The attempted assassination of former US President Donald Trump is getting a lot of play in the foreign press, while sports is everywhere as major summer tournaments wrap.

US President Joe Biden addressed his nation from the Oval Office to condemn the attack, saying the country needs to “lower the temperature in our politics” after the FBI suggested Donald Trump’s shooting was a one-man show and did not seem to be part of a larger plot. (The New York Times)

Trump seemed to be in good shape as he landed in Milwaukee, where he will be formally declared the Republican candidate for the presidency. The Republican National Convention gets underway today and runs through Thursday.

IN SPORTS NEWS- Spain clinched the Euro 2024 title after a late goal from Mikel Oyarzabal, handing England its second final defeat in three years. (FT | Reuters | The Guardian)

A good day for Spaniards everywhere: 21-year-old Carlos Alcaraz also bagged his second Wimbledon title in a row — and his fourth Grand Slam — after a dominant showing against Novak Djokovic. (Washington Post | The Guardian)

The Copa America final is underway after a delay of over 75 minutes due to trouble from fans outside of the stadium. The match remains goalless as of dispatch time, with Messi subbed off around the 65th minute due to an injury.

IN THE BUSINESS PRESS- Google parent Alphabet is in advanced talks to acquire Israeli cybersecurity startup Wiz for USD 23 bn in what would be its biggest acquisition yet, the Wall Street Journal reports. This comes weeks after a potential takeover of online software marketing firm Hubspot fell through.

It’s a busy week for earnings: BlackRock and Goldman Sachs will report 2Q results today, with Bank of America, Morgan Stanley, BHP, Netflix, Novartis, Burberry, and Schlumberger among the many expected to follow suit through Friday.

And in data: We’ll see consumer inflation figures from Canada (Tuesday) and the EU and UK (both Wednesday).

The European Central Bank will make its interest rate decision on Thursday.

CLOSER TO HOME- Hamas has reportedly not withdrawn from ceasefire talks despite Israel’s deadly attacks in Gaza over the weekend, which Israel claimed targeted the group’s military head, Mohammed Deif. (Reuters)

CIRCLE YOUR CALENDAR-

World Web3 Expo is scheduled to take place between 12 and 13 February 2025 at the Movenpick Grand AI Bustan Hotel in Dubai. The two-day event will gather over 2k participants interested in the crypto industry and feature over 100 speakers discussing the latest developments in the industry.

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

Dubai Crown Prince appointed as Deputy PM, Defense Minister in cabinet shuffle. PLUS: New education, entrepreneurship, and sports ministers

Al Maktoum shuffles UAE cabinet: Prime Minister Sheikh Mohammed bin Rashid Al Maktoum appointed Dubai Crown Prince Sheikh Hamdan bin Mohammed as defense minister and deputy prime minister, as part of a cabinet shuffle, the PM said in a statement.

OTHER CHANGES-

Abdullah bin Zayed Al Nahyan (X) will retain his position as foreign affairs minister and was appointed as deputy prime minister;
Former State Minister for Public Education Sarah Al Amiri (LinkedIn) will serve as the new education minister;
Current Education Minister Ahmad Belhoul (LinkedIn) was named sports minister;
Alia Abdulla AlMazrouei (LinkedIn) — CEO of the Khalifa Fund for Enterprise Development — was named state minister for entrepreneurship;
Current Human Resources and Emiratisation Minister Abdulrahman Al Awar will also helm the newly established Higher Education and Scientific Research Ministry;
Mariam bint Mohamed bin Zayed was appointed as chair of the Quality of Education Center.

An education sector overhaul: The cabinet shuffle also came with a restructuring of the education sector’s governance in the UAE, with the establishment of a new higher education and scientific research ministry and the delegation of tasks to new councils, Wam reports.

#1- The new Higher Education and Scientific Research Ministry is tasked with overseeing both public and private higher education institutions in a bid to “enhance competitiveness of higher education institutions in the country and support academic research efforts.”

#2- The Education Ministry has consolidated the Emirates School Education Foundation and the Federal Agency for Early Education within the Education Ministry, extending the ministry’s jurisdiction over early childhood and general education in both public and private schools.

#3- The Education, Human Resources, and Community Development Council will now oversee key federal bodies, including the Quality of Education Centre, a general secretariat, the Education Ministry, and the newly established Higher Education and Scientific Research Ministry, and federal universities, alongside the human resources and emiratisation, and the community development ministries.

The council’s responsibilities will include: Developing educational, development, and community initiatives; endorsing performance indicators and targets; and approving policies, frameworks, legislation, and regulations. The council’s general secretariat will also be in charge of developing digital infrastructure for educational data and integrating it with employment and labor market data.

Capital Intelligence maintained UAE’s sovereign rating with a stable outlook

Capital Intelligence affirmed the UAE’s long term foreign and local currency ratings at AA- with a stable outlook, it said in a statement. The credit rating agency also affirmed the short term foreign and local currency ratings at A1+ with a stable outlook. The rating affirmations reflect the UAE’s strong fiscal and external positions, high GDP per capita, and economic diversification efforts, Al Khaleej cites Capital Intellgience’s report as saying.

Real GDP is expected to grow at a 4.2% clip in 2024 and 5.4% in 2025-26, on the back of non-oil sector growth. The rating agency cites ongoing reforms to diversify the economy and reduce reliance on oil and gas as guarding against potential risks from global economic uncertainties amid geopolitical conditions.

That’s along the same lines of official projections: The Central Bank of the UAE — along with the World Bank — see the economy growing 3.9% this year, while the IMF expects 4% growth.

The UAE’s current account surplus is expected to fall but remain high this year, driven by a gradual recovery in oil and gas exports, alongside strong non-hydrocarbon exports. It’s expected to decline to about 7.8% of GDP from 9.4% in 2023, Capital Intelligence said. It’s expected to remain in surplus next year and in 2026, averaging 6.8%, Capital Intelligence said.

Public debt is expected to fall to 29% of GDP in 2024, with the UAE’s foreign exchange assets expected to cover 160% of external debt maturing this year.

The budget surplus is projected at 4.3% of GDP in 2024, before slightly narrowing to 3.8% in 2025 and 3.5% in 2026, Capital Intelligence said.

FAB raises USD 800 mn in Formosa bond sale

FAB takes USD 800 mn bonds to the market: First Abu Dhabi Bank (FAB) raised USD 800 mn from the sale of its five-year unsecured floating green Formosa bonds on Taiwan’s Taipei Exchange and the London Exchange, the International Financing Review reports. The issuance was priced at the Secured Overnight Financing Rate (SOFR) plus 105 basis points, securing a credit rating of Aa3.

The issuance was met with strong demand from investors outside Taiwan, with 31% of the issuance allocated to Asian investors outside of Taiwan and 10% to offshore investors.

Where’s the money going? Proceeds from the bond sale will be used to fund or refinance FAB’s green projects.

ADVISORS: Credit Agricole Taipei branch and Standard Chartered Bank Taiwan acted as lead managers.

Multiply Group, Emirates Red Crescent taps new chairmen + Dubai Land Department gets new director general

Multiply Group appointed Syed Shueb (LinkedIn) as chairman of the board effective last week, following the resignation of Andre G. Sayegh, an ADX filing (pdf) reads.

Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum appointed Marwan Ahmed bin Ghalita as the new director general of the Dubai Land Department, according to a statement.

Hamdan Musallam Al Mazrouei was tapped as chairman of the Emirates Red Crescent’s board, under a new decree issued by the ruler's representative in the Al Dhafra Region, Sheikh Hamdan bin Zayed Al Nahyan, Wam reports.

Dubai to get a gastroenterology hospital, courtesy of Scope Investment and South Korea’s Asan

HEALTHCARE-

Dubai to get a gastroenterology hospital: UAE-based investment group Scope Investment and South Korea’s biggest hospital Asan Medical Centre have broken ground on a gastroenterology hospital, the Asan-UAE Gastroenterology Hospital, at phase two of Dubai Healthcare City, Wam reports. The hospital is scheduled to be completed by 2026.

Services provided at the hospital will include endoscopy, bariatrics, gastrointestinal oncology treatment, liver transplantation management, and gastrointestinal health check-ups. The hospital will feature two basement levels and seven floors, housing 65 beds in addition to VIP rooms. A medical team from South Korea will join the hospital to train the local staff.

TRANSPORT-

Dubai trials 3D-printed Abra: Dubai’s Roads and Transport Authority (RTA) initiated the trial of the first 3D printed electric abra, developed in partnership with the private sector, according to the Dubai Media Office. This abra retains its traditional design, accommodates 20 passengers, and aims to reduce manufacturing time by 90% and costs by 30%.

The details: The abra will be tested on the TR6 line from the Sheikh Zayed Road Marine Transport Station. Its performance will be monitored in comparison to the current 20-passenger fiberglass abras, Mattar Al Tayer, director general of the RTA, said.

INVESTMENT-

UAE inaugurates cashew processing factory in Ivory Coast: UAE’s Foreign Trade Minister Thani bin Ahmed Al Zeyoudi and Ivory Coast Prime Minister Robert Beugré Mambé inaugurated a new UAE-backed cashew processing factory in the northern Ivory Coast town of Boundiali, with a daily processing capacity of 100 tons, Wam reports. The factory is owned by Pan African Agro Commodities Holding, which is incorporated in the Abu Dhabi Global Market zone.

ALSO- Al Zeyoudi held talks with Côte d’Ivoire Prime Minister Mambé to ramp up private sector cooperation, while exploring cooperation with the ministers of trade and industry, and mines, energy and petroleum.

REAL ESTATE-

#1- Gulf Islamic Investments-owned OFFA launches BTL mortgage services: The UK’s first Sharia-compliant bridge finance provider OFFA has launched a buy-to-let (BTL) mortgage service for British residents and expats looking to own properties in England and Wales, the Gulf Islamic Investments -owned company said in a statement. “Our streamlined digital application process[…]means clients can potentially get a fair decision within minutes,” said the company’s Chief Commercial Officer Sagheer Malik.

Uh, Enterprise, what’s BTL mortgage? BTL mortgage is a type of mortgage loan, popular in the UK, that targets home buyers who want to purchase residential property for the purpose of renting it out to tenants.

#2- MS Homes taps Dubai’s real estate market with Iluka: Pakistani-born developer MS Homes Developers launched its first project in Dubai, Iluka Residences, an eight-storey luxury residential building located on Marina Boulevard in Dubai Islands, according to local media reports (here and here). The project features 57 apartments and is slated for delivery in 3Q 2026.

#3- Ajman has a new real estate player: Real estate developer Aldar Real Estate Towers has officially launched its operations, with Chairman of the Ajman Ruler’s Court Majid Bin Saeed Al Nuaimi inaugurating the company’s headquarters in Ajman on Thursday, according to local media reports (here and here). The firm will offer land and property sales, leasing, and real estate brokerage services. No further details were provided on the company.

#4- Real estate developer RDK Group opened the first of three Marriott-branded towers in Dubai, the Marriott Residence Al Barsha South, according to a statement picked up by Zawya. The 24-storey tower boasts 138 units, with two more towers slated to open at the start of 4Q 2024.

#5- New residential project coming to Al Sinniyah Island: Dubai-based developer Sobha Realty inked an agreement with the Umm Al Quwain emirate to build a luxury real estate project on Al Sinniyah Island, off the emirate’s coast, Wam reports. The development will feature waterfront residential neighborhoods, along with several community amenities such as a family golf course, a floating pavilion, and an events hall.

SUSTAINABILITY-

Emirates Transport is rolling out EV charging stations: The Energy and Infrastructure Ministry — through UAEV, the first state-owned EV charging network in the country — has partnered with Emirates Transport (ET) to install and operate EV charging stations across ET’s buildings, Wam reports. The ministry and ET will aso work together to set policies incentivizing private-sector EV adoption. UAEV aims to install 100 chargers in 2024, and 1k chargers by 2030 across the UAE.

BANKING-

ADCB launches travel credit card: Abu Dhabi Commercial Bank (ADCB) launched a new credit card offering cashback and offers on flight tickets and hotel bookings, Al Khaleej reports.

BUSINESS-

The Sharjah Business Women Council (SWBC) will now have financial, administrative, and technical independence per a new decree issued by the Ruler of Sharjah Sheikh Sultan bin Muhammad Al Qasimi, Wam reports. The decree also allows its Honorary President Sheikha Jawaher bint Mohammed Al Qasimi to establish other branches throughout the emirate and to appoint a president and a director to manage the council.

About the council: Established in 2002, the Sharjah Business Women Council has been tasked with creating a supportive environment for women entrepreneurs, facilitating their involvement in economic activities, and providing technical assistance and training to help them get their businesses off the ground.

EMPLOYMENT-

Jahiz launches upskilling initiatives for Emirati youth: The Federal Authority for Government Human Resources, in partnership with the Federal Youth Authority, will introduce a series of initiatives through the Jahiz platform to enhance youth participation across the UAE’s public and private sectors, Wam reports. The initiatives will focus on youth empowerment by offering specialized skill development and training programs.

About Jahiz: Jahiz is a national digital platform equipping federal government workers with skills that will be needed in the future, such as data skills, artificial intelligence, and digital expertise.

Markets are digesting the attempted assassination of Donald Trump

From FX to stocks and wagers on the chances that Donald Trump will return to the Oval Office, it’s a very US-centric morning on planet finance as markets digest the attempted assassination on the presumptive Republican candidate’s life. Trump will be formally nominated this week at the Republican national convention.

The USD rose against other currencies yesterday and overnight and BTC climbed to USD 60k. “For us, the news does reinforce that Trump’s the frontrunner,” said Mark McCormick, global head of foreign-exchange and emerging-market strategy at Toronto Dominion Bank. “We remain USD bulls for the second half and early 2025.”

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

The downside: The shooting underscores the risk of political violence in the US, which could cause major US equities benchmarks to cool if investors rotate even temporarily to safer assets. “Political risk is binary and hard to hedge, and uncertainty was high as it is with the close nature of the race. This adds to volatility. I think it further increases the chance of a Republican sweep.”

ALSO ON PLANET FINANCE- US inflation and interest rates could remain higher for longer than many expect forecasts despite some signs of cooling inflation, CNBC reports JPMorgan Chase boss Jamie Dimon as saying. “There has been some progress bringing inflation down, but there are still multiple inflationary forces in front of us: large fiscal deficits, infrastructure needs, restructuring of trade and remilitarization of the world,” Dimon said. “Therefore, inflation and interest rates may stay higher than the market expects.”

In context: Monthly US inflation in June for the first time in over four years, prompting some to expect the Federal Reserve is more likely to start cutting rates in September. Fed Chair Jerome Powell told Congress last week that he has “some confidence” that inflation will cool to 2%. He also said that the Fed doesn’t necessarily need to wait for inflation to fall to 2% before moving on interest rate cuts, adding to the speculation that the first cut could come this fall.

MARKETS THIS MORNING-

Major Asian benchmarks are flat this morning as investors mull the attempted assassination of Donald Trump and the start later today of China’s Third Plenum meeting. The policy meeting of the Chinese Community Party takes place about once every five years and was expected last fall. Kickstarting the economy is at the top of the list of topics, but don’t expect CCP officials to dive too deeply into the rot that is the domestic real estate industry. (Markets are closed in Japan in observance of the Marine Day holiday.)

Futures suggest we’ll see something of a relief rally on Wall Street, where futures for the major equities benchmarks were up in overnight trading. European futures, meanwhile, are mixed as we head toward dispatch time this morning.

ADX	9,143	-0.1% (YTD: -4.5%)
DFM	4,104	+0.3% (YTD: +1.01%)
Nasdaq Dubai UAE20	3,526	0.0% (YTD: -8.2%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	4.9% o/n	5.1% 1 yr
TASI	11,882	+0.8% (YTD: -0.7%)
EGX30	28,042	-0.9% (YTD: +12.6%)
S&P 500	5,615	+0.6% (YTD: +17.7%)
FTSE 100	8,253	+0.4% (YTD: +6.7%)
Euro Stoxx 50	5,043	+1.3% (YTD: +11.5%)
Brent crude	USD 85.03	-0.4%
Natural gas (Nymex)	USD 2.33	+2.7%
Gold	USD 2,421	-0.1%
BTC	USD 60,823	+3.8% (YTD: +44.0%)

THE CLOSING BELL-

The ADX fell 0.1% yesterday on turnover of AED 886.8 mn. The index is down 4.5% YTD.

In the green: Gulf Cement Co. (+14.7%), Bank of Sharjah (+10.2%) and Response Plus Holding (+4.9%).

In the red: Hayah Ins. Company (-6.2%), Easy Lease Motorcycle Rental (-4.7%) and Agthia Group (-3.6%).

Over on the DFM, the index closed up 0.3% on turnover of AED 242.3 mn. Meanwhile, Nasdaq Dubai stayed flat.

CORPORATE ACTIONS-

The National Investor secured shareholder approval to sell one of its wholly owned office floor real estate assets, located in Al Reem Island and valued at 10.1% of the company’s share capital value, it said in an ADX disclosure (pdf) on Friday. The company also obtained approval to bring its share capital down from AED 285 mn to AED 235 mn by canceling 50 mn shares with a book value of AED 50 mn. The value of the reduction will be returned to the shareholders “because the company does not need it.”

More UAE-Japan economic cooperation + President meets Al Azhar grand imam

UAE and Japan in talks to boost economic ties: Economy Minister Abdullah bin Touq Al Marri met with Japan's Economy and Fiscal Policy Minister, Yoshitaka Shindo, to discuss strengthening economic cooperation in various sectors, as well as the exchange of tech and expertise, Wam reports. The two sides are looking to increase partnerships in various sectors including tourism, aviation, technology, and startups.

UAE President Sheikh Mohammed bin Zayed met with Al-Azhar Grand Imam Ahmed Al-Tayeb on Friday, discussing cooperation between UAE entities, Al Azhar, and the Muslim Council of Elders to promote shared human values, coexistence, dialogue, and peace, Wam reports.

Tolerance and Coexistence Minister Sheikh Nahyan bin Mubarak Al Nahyan also discussed ramping up mutual cooperation with Al Tayeb, according to a separate Wam report.

OTHER DIPLOMACY NEWS-

UAE + Bermuda sign an MoU to enhance bilateral cooperation: The UAE inked an MoU with the government of Bermuda at the United Nations High-Level Political Forum (HLPF) on Sustainable Development, to exchange expertise on enhancing government services and policies through the development of a new framework for information sharing. (Wam)
Foreign Affairs Minister Sheikh Abdullah bin Zayed Al Nahyan headed the second meeting of the G20 Steering Committee, reviewing the UAE's ongoing involvement as a guest in the 2024 G20, and discussing participation in upcoming ministerial meetings. (Wam)
President Sheikh Mohamed bin Zayed Al Nahyan condemned the assassination attempt against former US president Donald Trump, while the Foreign Affairs Ministry also extended condolences to the family of the individual killed during the rally. (here and here)

CALENDAR

JULY

13-18 July (Saturday-Thursday): Asia-Pacific Accreditation Cooperation, Dubai.

31 July (Wednesday): Deadline for Sidara to submit another takeover bid to Wood Group.

AUGUST

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

20-21 August (Tuesday-Wednesday): The World ESG Summit, Dubai.

21-22 August (Wednesday-Thursday): Rex Fuels Global Expo & Conference 2024- Bitumen, Petrochemicals & Products, Dubai.

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

25 August (Sunday): Deadline to register for the AI Challenge.

Signposted to happen sometime in mid-August:

New regulations around telemarketing calls will go into effect

SEPTEMBER

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

10-11 September (Tuesday-Wednesday): MENA PPP forum, Jumeirah Emirates Towers, Dubai.

10-11 September (Tuesday-Wednesday): MENA District Cooling Projects & MENA Cool Forum, Grand Hyatt Dubai, Dubai Healthcare City, Dubai.

11-12 September (Wednesday-Thursday): MENA oil and gas digitization conference, Abu Dhabi.

16-18 September (Monday-Wednesday): World Utilities Congress, Abu Dhabi.

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

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

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

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.

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

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

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.

26-27 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.

NOVEMBER

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

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

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

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.

11-14 November (Monday-Thursday): Abu Dhabi International Petroleum Exhibition & Conference, Abu Dhabi.

11-14 November (Monday-Thursday): ADIPEC Maritime and Logistics Exhibition and Conference, Abu Dhabi.

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

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

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

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

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

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

Signposted to happen ahead of ADIPEC:

Changemakers Majlis, Abu Dhabi.

DECEMBER

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

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

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

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

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

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

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

JANUARY 2025

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

FEBRUARY 2025

12-13 February (Wednesday-Thursday): World Web3 Expo, Dubai.

24-25 February (Monday-Tuesday): 3rd World Passenger Experience Forum, Dubai.

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

APRIL 2025

16-17 April: Global Ports Forum, Dubai.

OCTOBER 2025

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

Signposted to happen sometime before the end of the year:

Spinneys inaugurates three more stores in KSA

Signposted to happen in 2025:

6-11 April (Sunday-Friday): Geo-Spatial Week 2025, Dubai.
3-4 June (Tuesday-Wednesday): Make-A-Wish International’s Global Wish summit, Abu Dhabi.
TBD: The Middle East Electric Vehicle Show, Expo Center Sharjah.
TBD: e& will complete Adnoc’s private 5G network.

Signposted to happen sometime in 2028:

Abu Dhabi to host the 47th Chess Olympiad.

Signposted to happen sometime in 2029:

Dubai to host the International Conference on Computer Vision.

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