Petronash to be snapped up by Saudi Arabia’s Bawan

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Mubadala could take full ownership of Getir + Abu Dhabi crown prince in India

Good morning, friends. We kick off a new week with a typically slow newsday, before things shift into full gear later this week with a new ADX listing and a couple of conferences as conference season gets underway.

The big story of the day is Saudi building materials manufacturer Bawan’s plans to acquire UAE-based engineering company Petronash Global, following the signing of a binding MoU that values Petronash at USD 175 mn.

WATCH THIS SPACE-

#1- Abu Dhabi sovereign wealth fund Mubadala could soon take full ownership of Turkish startup Getir, after it applied for sole ownership of the grocery and food delivery businesses with Turkish antitrust regulators, Bloomberg reported, citing a statement. Mubadala acquired a controlling stake in Getir back in June.

REFRESHER- Mubadala funneled USD 250 mn into Getir in June as part of the company’s restructuring plans, which involves splitting the company into two separate entities. One segment, specializing in food delivery in Turkey, was set to be primarily owned and controlled by Mubadala, with Batuhan Gultakan at the helm. Meanwhile, Getir founder Nazim Salur agreed to step down as CEO to focus on leading the other division, encompassing Getir's ride-hailing services and additional assets.

Mubadala ❤️ Getir: Mubadala, along with other investors, provided Getir with additional funding — which Bloomberg said came in at about USD 200 mn — to Getir in late April. “We have been the only investor to consistently support Getir over the last three rounds, providing over 80% of the capital that has gone into the company since 2021. Without Mubadala’s partnership, Getir would not exist today,” Bloomberg cites a Mubadala spokesperson as saying previously.

#2- Also from Mubadala: Mubadala Energy is interested in participating in the Egyptian Natural Gas Holding Company’s (EGAS) recently launched tender, according to a statement from the Egyptian Oil Ministry. This came during a meeting between a Mubadala delegation and Egypt’s Oil Minister Karim Badawi in Egypt.

The details: EGAS opened up bids for 12 new oil and gas exploration blocks in the Mediterranean and Nile Delta late last month. The offering includes 10 offshore and two onshore areas, with details available on the Egypt Upstream Gateway platform.

#3- The first round of the GCC-Indonesia trade agreement talks kick off today: A delegation led by Saudi Arabia’s General Authority for Foreign Trade has arrived in Indonesia to take part in negotiations — which began today and will run until Friday, 13 September — on exchanges of goods and services, customs procedures, and other trade-related matters as part of GCC efforts to conclude a trade agreement with Indonesia within a 24-month period, the authority said in a statement. The initiative was launched in July when GCC Sec-Gen Jasem Albudaiwi met with Indonesian Trade Minister Zulkifli Hasan.

PUBLIC SERVICE ANNOUNCEMENT-

#1- Employees with expired work or residency permits or facing work abandonment complaints can now receive a helping hand from the Human Resources and Emiratisation Ministry, which will be offering workers help rectifying their status and offering businesses exemptions from administrative fines related to non-submission of employment contracts or failure to renew work permits for a limited period, Wam reported. The initiative runs from 1 September to 31 October.

The move looks to support a visa overstay amnesty program that kicked off this month, giving residents until 1 November to get their paperwork in order or to leave the country without incurring fines.

#2- No long weekend next week: The Federal Authority for Government Human Resources has designated Sunday, 15 September a day off for all ministries and federal entities in observance of the Prophet’s birthday, which means the private sector will not be getting a day off, Wam reported.

HAPPENING TODAY-

Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan is in India for his first official visit, which will see him meet with Indian Prime Minister Narendra Modi to discuss strengthening cooperation in key economic sectors, Wam reports. Al Nahyan and a few other ministers are also expected to participate in a business forum tomorrow which will see participation from both Indian and Emirati businesses, according to an Indian External Affairs Ministry statement.

Indian and Emirati officials are also set to review their 2022 trade pact this week, following concerns from Indian industry over a surge in precious metal imports from the UAE, Reuters reports, citing sources familiar with the matter. The discussions will coincide with Al Nahyan’s visit to Mumbai and New Delhi, though he’s not expected to take part.

REFRESHER- India requested a review of its trade agreement with the UAE back in August to address concerns over rules of origin and concessional rates, focusing on value add policies and customs duties. This review follows a sharp increase in Indian imports of gold and silver from the UAE under the agreement, with concerns that India could incur losses from the zero-tariff policies decided under the trade agreement.

HAPPENING THIS WEEK-

#1- NMDC Energy’s shares will begin trading on the ADX’s First Category starting Wednesday, 11 September, under the ticker NMDCENR, Wam reports. For the first three trading sessions, the company’s share price will not not be subject to the usual daily rise and fall limits. The final share price was set at AED 2.8.

REMEMBER- Last week, NMDC Energy raised AED 3.22 bn in its IPO, offering 23% of its shares to the market and attracting over AED 88 bn in orders. The order book was 31x oversubscribed, excluding cornerstone investors.

#2- The inaugural Dubai AI and Web3 Festival will kick off on Wednesday and run until Thursday at Madinat Jumeirah. The Dubai International Financial Centre event will host over 100 exhibitors and will welcome some 5k tech industry experts and entrepreneurs to explore and discuss investment, collaboration and innovation in the tech sector.

#3- The PPP MENA Forum will take place tomorrow and after at the Jumeirah Emirates Towers in Dubai. Sponsored by the Abu Dhabi Investment Office, the two-day event will bring together senior policymakers, investors, and business executives from the UAE, Saudi Arabia, Kuwait, and Oman to discuss the latest financial and regulatory developments in PPP frameworks and explore means to advance PPP initiatives in the region.

#4- A 20-athlete UAE delegation will be participating in the 2024 Special Olympics Malta this week, which runs from 12-15 September, Wam reports.

THE BIG STORY ABROAD-

It’s a mixed bag in the international press this morning once again, with a scattering of business, finance, and tech news fighting for digital ink as the world’s press remains firms focussed on the US presidential election ahead of Harris and Trump’s first televised showdown set to kick off tomorrow.

Leading the day is a poll showing Harris and Trump neck and neck ahead of this Tuesday’s US presidential debate, with Trump edging Harris out by one percentage point — well within the poll’s three-point margin. Kamala Harris’ honeymoon period may be over, with some commentators pointing to Harris’ slipping poll numbers as a sign that the enthusiasm that swelled behind Harris following her whirlwind nomination will not be as sticky as her supporters had hoped.

OVER IN BUSINESS NEWS- Boeing and its biggest union finally reached agreement that may avoid a strike, which looked set to add to the scandal-plagued multinational troubles. The aviation giant agreed to provide workers with a 25% wage increase spread over the next four years, as well as the promise that the firm’s next plane will be built in the company's traditional home base of Seattle.

WHILE IN TECH NEWS- iSheep are getting ready for Apple’s reveal of its latest iPhone later today, which is set to lay out what the device will look like in the years to come with its new-found embrace of AI. Tune in to watch in the livestream here set to kick at 9pm UAE time.

AND CLOSER TO HOME- Algerian president Abdelmajid Tabboune cruised to a second term with 94.7% of the vote in an election marred by allegations of vote count irregularities and low participation.

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CIRCLE YOUR CALENDAR-

Startups can now pitch ideas for the 1 bn Followers Summit: The New Media Academy launched the 1 Bn Pitches competition, part of the 1 Bn Followers Summit in Dubai, set for 11-13 January 2025, Wam reported. Startups and content creators can submit their ideas through the summit’s website by 20 September for a chance to pitch live at the summit and secure funding, mentorship, and strategic partnerships.

Dubai Safari Park will reopen on 1 October, the Dubai Media Office writes. The park, managed by Dubai Municipality, aims to promote responsible tourism and wildlife conservation through interactive and educational activities.

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

Petronash Global to be acquired by Saudi Arabia's Bawan

Saudi building materials manufacturer Bawan is set to acquire UAE-based engineering company Petronash Global, following the signing of a binding MoU that values Petronash at USD 175 mn, according to a disclosure to Tadawul. The two companies are expected to sign a sale and purchase agreement by 30 September, according to the disclosure.

Sale terms: Bawan will initially purchase 80% of Petronash’s shares for USD 80 mn. An additional payment of up to USD 60 mn will be contingent on Petronash meeting financial targets over the next three years. The remaining shares will be acquired after Petronash’s 2027 and 2028 financials are published, based on an agreed valuation method.

Leadership post-acquisition: Petronash’s founder will retain the role of chairman for three years following the completion of the sale, alongside his senior executive management team.

About Petronash: Founded in 2000 in the UAE, the company specializes in manufacturing engineered packaged solutions for players in the oil and gas sector. The company operates in the GCC and exports to Africa, the Far East, and the Americas, with a manufacturing area of 120k sqm across facilities in Saudi Arabia, the UAE, Qatar, and India.

ADVISORS- Piper Sandler is advising Petronash on the acquisition, while Bawan has tapped PwC for financial advisory services.

Dubai real estate newcomer Majid Developments earmarks AED 500 mn in investments by next year

Majid Developments earmarks AED 500 mn for Dubai expansion: Real estate developer and newcomer Majid Developments is planning to invest AED 500 mn across five new projects in Dubai by 2025, entirely funded by the company’s internal resources, Majid’s CEO Mansoor Majid was quoted as saying by Khaleej Times.

He attributed the investments to high demand from buyers from India, Pakistan, Afghanistan, Turkey, and Europe against a shortfall in supply.

What’s on its roster? The company launched its debut project — Mayfair Gardens — in Jumeirah Garden City, offering one-bedroom and studio apartments in. Some 40% of the project’s units were sold before launch, with handover slated for June 2026.

What’s next? Majid plans to launch two other Mayfair projects in Jumeirah Garden City, before moving on to develop two new projects in Jumeirah Village Circle and Arjan. The plan is to focus on Dubai, with a target of at least 20 projects in the emirate, before expanding to other emirates down the line, Majid added.

Revolutionizing private banking: how tech-savvy clients are driving the future

The future of private banking is being reshaped by tech-savvy clients and the unprecedented transfer of wealth from older to younger generations. These heirs aren’t just inheriting assets; they’re redefining wealth management itself, demanding a banking experience that matches the seamless digital interactions they’re accustomed to.

Traditionally, private banking relied on face-to-face relationships and a focus on wealth preservation. But the rules are changing. Today’s wealth holders, raised in the digital age, expect their banking experience to be just as streamlined as their daily digital interactions. This shift is pushing private banks to adopt a hybrid model that blends cutting-edge digital tools with personalized services.

At the heart of this transformation is the demand for immediacy and control. Younger clients want real-time access to their financial information and the ability to make informed decisions on the go. Unlike their predecessors, they prefer to manage their investments directly rather than relying solely on relationship managers. This demand has driven the development of sophisticated digital platforms like Mashreq’s wealth app, which integrates wealth management into a mobile banking experience. With this app, clients can monitor portfolios, track performance, and execute trades from their smartphones—empowering them to manage their wealth independently while still accessing expert advice when needed.

The preferences of this new generation also extend to their investment choices. Younger clients are increasingly interested in private equity, venture capital, and other non-traditional assets that offer higher returns and align with their appetite for risk and innovation. This trend underscores a broader shift in the financial landscape, where wealth preservation is no longer the sole objective; growth and innovation are equally critical.

Fintech and AI play a pivotal role in this evolution. By partnering with fintech firms, banks are enhancing their digital offerings with AI-driven tools that provide personalized insights and actionable recommendations. These technologies enable banks to deliver relevant information at the right time, helping clients make swift, informed decisions in a fast-moving market.

The future of private banking depends on its ability to adapt to the needs of this new generation. Banks that embrace technology and offer a seamless blend of digital convenience and traditional expertise will remain relevant and continue to play a crucial role in wealth management. The institutions that thrive will be those that prioritize innovation, evolving alongside their clients to meet the demands of a rapidly changing world.

Vipul Kapur, Head of Private Banking at Mashreq.

Mohammed bin Rashid Al Maktoum Knowledge Foundation taps chief AI advisor + Snorble appoints digital assets head, Al Jasmi added to Olympics’ Asia council’s board

The Mohammed bin Rashid Al Maktoum Knowledge Foundation appointed Ron Young (LinkedIn) as chief knowledge and AI Advisor, according to a statement. Young is the founder of UK-based AI consultancy Knowledge Associates, and brings over two decades of experience in knowledge management and AI systems.

Children’s educational technology provider Snorble appointed Saeed Al Darmaki (LinkedIn) to its global advisory board as digital assets ecosystem leader representing the UAE, according to a press release. He will be responsible for supporting the company in developing content to improve financial literacy among young learners, including digital currencies and savings strategies, as the company prepares to launch its products in the Middle East, Europe, and Asia.

Background: Al Darmaki has expertise in blockchain and DeFi, as well as global finance and technology, as a partner with Web3 platform Terablock and non-executive director at GCEX.

President of the UAE Badminton Federation Noura Al Jasmi (LinkedIn) secured a seat on the executive board of the Olympic Council of Asia (OCA) for the 2024-2028 term, Wam reports. Elected during the OCA General Assembly in New Delhi, Al Jasmi received votes from all 43 participating nations, marking the first time a UAE representative has claimed this position through election.

China’s Armadillo to build RV assembly plant in UAE

AUTOMOTIVE-

China’s Armadillo Speciality Vehicles set to build RV assembly plant in UAE: China’s Armadillo signed an MoU with homegrown investments and business consultancy firm X-Seed Ventures to build an assembly plant for its recreational vehicles (RVs) in the UAE, Wam reported. The facility, set to be Armadillo's first outside of China, will serve markets in the Middle East, Africa, and Eastern Europe.

REAL ESTATE-

Future Cities and Emtelak Properties launched Ocean Living, a luxury residential development in Fujairah's Al Aqah Beach area, according to a statement. UAE and GCC citizens can purchase properties in the project through installment plans and escrow accounts, with a limited-time 5% discount available.

BANKING-

Fitch Ratings issued its final long-term rating of the National Bank of Ras Al Khaimah (Rakbank)’s USD 250 mn Tier 2 security bonds at BBB-, maintaining an initial rating it had made towards the end of August, according to a statement. The rating falls two notches below the lender’s BBB+ long-term foreign-currency issuer default rating, due to “the notes' higher loss severity” and Fitch's view of a “heightened likelihood of poor recoveries in the event of non-viability,” the credit rating agency said.

ICYMI- Rakbank raised USD 250 mn from the bonds’ sale last week. The issuance was 4x oversubscribed, receiving USD 1 bn in orders, allowing Rakbank to price the issuance at a spread of 42.5 basis points over US Treasuries.

AVIATION-

Etihad Airways adds flights to Warsaw, Prague: Etihad Airways will launch two new routes to Prague in Czechia and Warsaw in Poland next year, with flights between Abu Dhabi and the Czech capital starting 2 June and those to the Polish capital from 3 June, according to a statement. The airline will operate four direct weekly flights to both destinations.

BUSINESS-

Grath sets up shop in Dubai: UK-based regulatory oversight intelligence platform Grath opened a new regional office in the Dubai International Finance Centre (DIFC) last week as it seeks to cater to heightened demand from Middle Eastern clients, it said in a statement.

SPACE-

UAE-based aerospace company Orbital Space partnered with China’s Deep Space Exploration Lab to help it advance space technologies for China’s International Lunar Research Station, the National writes. The partnership will also feature an exchange program to train young engineers and scientists from both nations in space technology.

HEALTHCARE-

Dubai-based American Hospital Dubai is eyeing a December launch for its next medical tourism office in Nigeria, according to the Daily Post Nigeria. The office will be located in Abuja and will offer “healthcare embassy” services including assistance with visas, flights, and accommodation. This comes after the American Hospital launched its first Nigerian medical tourism office in Lagos last month.

More in the pipeline: A plan to establish a diagnostic center in the West African country is also underway.

F&B-

Chandramari Group launched a AED 5 mn Indian restaurant, Zordaar, at Millennium Hotel, Al Barsha, Dubai, according to a statement. The company plans to spend AED 20-25 mn on its expansion plan in the coming months, which will initially see it add four to five more Zordaar branches in the UAE, before tapping into Saudi Arabia, Qatar, and Bahrain.

DIGITIZATION-

The Energy and Infrastructure Ministry launched an AI-powered chatbot on its website called Ask MOEI to provide 24/7 real-time support across a wide range of public inquiries and service requests, Wam reports. The chatbot was developed with the Telecommunications and Digital Government Regulatory Authority.

Fed officials “open” to larger rate cuts if necessary

Large rate cuts not ruled out by the Fed: US governor Christopher Waller and New York Fed president John Williams signaled that the Fed has not ruled out bold half-point rate cuts, the Financial Times reports, citing statements from the officials in two separate appearances on Friday. The shift in monetary attitude comes on the back of a mixed jobs report, which signaled that the US labor market is softening alongside a fall in inflation.

REMEMBER- The Fed is widely expected to cut interest rates later when it meets next week, with most traders already pricing in a 70% chance of a 25 bps cut in the next meeting, and some expecting a larger one in the following meeting.

Expected rate cuts would be “done carefully,” Waller said, adding that “if the data suggests the need for larger cuts, then [he] will support that.” He also brushed off the jobs report as an indicator of a return to the “normal” pace of growth.

Wall Street reacted badly to the jobs report: US stocks closed lower on the news, with the S&P 500 experiencing its steepest weekly declines since early 2023, dropping 1.7%. Meanwhile, the tech-heavy Nasdaq logged its sharpest decline since January 2022, shedding 2.6%. Suspected cuts also sent down the two-year US Treasury yield to 3.66% and the 10-year yield to 3.72%.

Some experts are arguing that half-point cut suspicions are an overreaction. “The market is overly worried about a recession, and this report shows that there is no sign of a recession. There is no need to go 50 [bps] when the unemployment rate is falling,” the FT cited Apollo Global Management’s chief economist Torsten Slok as saying.

MARKETS THIS MORNING-

Asia-Pacific markets are mostly in the red, with Japan’s Nikkei leading losses with a 3% dip this morning, followed by the Topix, which is down 2.8%, tracking Wall Street losses on Friday. Traders will now be assessing key economic figures from Japan and China due out today. Meanwhile, Wall Street futures opened lower this morning across the board.

ADX	9,448	-0.3% (YTD: -1.4%)
DFM	4,373	0.0% (YTD: +7.7%)
Nasdaq Dubai UAE20	3,825	-0.6% (YTD: -0.4%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	4.9% o/n	4.3% 1 yr
TASI	11,982	-1.0% (YTD: +0.1%)
EGX30	30,273	-2.4% (YTD: +21.6%)
S&P 500	5,408	-1.7% (YTD: +13.4%)
FTSE 100	8,181	-0.7% (YTD: +5.8%)
Euro Stoxx 50	4,738	-1.6% (YTD: +4.8%)
Brent crude	USD 71.06	-2.2%
Natural gas (Nymex)	USD 2.28	+0.9%
Gold	USD 2,524.6	-0.7%
BTC	USD 54,526.2	+0.7% (YTD: +28.6%)

THE CLOSING BELL-

The ADX fell 0.3% on Friday on turnover of AED 931.16 mn. The index is down 1.4% YTD.

In the green: Aram Group (+12%), Abu Dhabi National Co. for Building Materials (+10.7%) and Al Khaleej Investment (+9.2%).

In the red: Al Dhafra Ins. (-9.9%), Borouge (-3.5%) and Fujairah Cement Industries (-2.4%).

Over on the DFM, the index remained flat on turnover of AED 251.1 mn. Meanwhile, Nasdaq Dubai UAE20 closed down 0.6%.

UAE officials meet with Egyptian counterparts to boost cooperation

President Sheikh Mohamed bin Zayed Al Nahyan met Egypt’s Foreign Minister Badr Abdel Ati in Abu Dhabi to discuss bolstering UAE-Egypt ties, focusing on economic and political cooperation, Wam reports. Both sides addressed the crisis in Gaza, calling for urgent humanitarian aid and a two-state solution to enhance regional stability.

UAE economy minister meets Egypt’s officials to boost bilateral ties: UAE Economy Minister Abdullah bin Touq Al Marri met with Egypt’s Transport and Industry Minister Kamel El Wazir to explore collaborations in transportation, industry, circular economy, infrastructure, and entrepreneurship, Wam reports.

AND- Al Marri also held discussions with Egypt’s Planning and Economic Development Minister Rania Al Mashat focused on stimulating the private sector and enhancing productivity, Wam reports. They also identified joint economic programs and collaboration opportunities in food security, infrastructure, and energy.

UAE and UK discuss strategic ties and regional security: In his first visit to the UAE, UK Foreign Secretary David Lammy met with Foreign Affairs Minister Sheikh Abdullah bin Zayed Al Nahyan, Wam reports. Their talks centered on enhancing UK-UAE relations, covering trade, investment, clean energy, AI, and regional security. They also stressed the need for de-escalating regional tensions.

UAE and Democratic Republic of Congo Presidents talk boosting bilateral ties: President Sheikh Mohamed bin Zayed Al Nahyan and President Félix Tshisekedi of the Democratic Republic of the Congo discussed boosting cooperation in development, trade, investment, and renewable energy, Wam reports.

CALENDAR

SEPTEMBER

7-13 September (Saturday-Friday): Makers’ Month, Al Quoz Creative District, Dubai.

9-12 September (Monday-Thursday): The annual EFG Hermes London Conference.

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

11 September (Wednesday): Shares of NMDC Energy start trading on the ADX on the ticker NMDCENR.

11-12 September (Wednesday-Thursday): Dubai AI & Web3 Festival, Madinat Jumeirah, Dubai.

11-12 September (Wednesday-Thursday): Gitex Digi_Health 5.0 conference, Singapore.

12-15 September (Thursday-Sunday): 2024 Special Olympics Malta.

15 September - 23 February 2025 (Sunday-Sunday): Labour Sports Tournament, Dubai.

16 September (Monday): HKMA–DFSA Climate Finance Conference, Hong Kong.

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

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

17-18 September (Tuesday-Wednesday): AI in oil and gas conference, Abu Dhabi.

18-19 September (Wednesday-Thursday): Sharjah Investment Forum, Jawaher Reception and Convention Centre, Sharjah.

15-19 September (Sunday-Thursday): Loop Beyond Borders, Abu Dhabi.

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

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.

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.

7-10 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.

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

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.

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.

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.

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

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.

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

FEBRUARY 2025

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

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 Centre, 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 Centre.

Signposted to happen sometime in 2025:

TBD: The Middle East Electric Vehicle Show, Expo Center Sharjah.
TBD: e& will complete Adnoc’s private 5G network.

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

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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