Slowing growth

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Fujairah has become the UAE’s primary export route + the NBA gives the UAE a pass (for now)

Good morning, everyone. Fingerprints of the war are starting to show through on the economic evidence, even as trade routes keep adapting around it.

The UAE’s GDP growth slowed to 3% in 1Q, that’s down from 3.9% a year earlier and covers a period that only captured the very start of the conflict, meaning that the real cost of the war will only show when the 2Q print is here.

The disruption has already reshaped export routes, however, with Fujairah now becoming the UAE’s primary oil export route rather than just simply a backup, accounting for 66% of total exports last month.

As the Emirates pushes for a bilateral CEPA with the UK beyond the GCC-UK agreement, analysts tell us how a UAE-UK agreement would go further, and which sectors one could cover.

PLUS- DP World is building out its Africa footprint again, agreeing to develop a special economic zone less than 20 km from Kenya’s Port of Mombasa.

Fewer barrels out

Fujairah has become the UAE's primary oil export route, not just a backup: Crude bypassing the Strait of Hormuz via Fujairah — including through the Habshan-Fujairah pipeline — rose to 2.13 mn bbl / d in July, according to tanker-tracking data pooled by Bloomberg, and to 2.28 mn bbl / d on Kpler’s own count, up from 2.17 mn in June — putting Fujairah's share of total UAE exports at roughly 66%, up from 51% in June.

That shift tracks a sharp deterioration in the strait itself: Crude and condensate exports from the UAE overall fell to 3.4 mn bbl / d in July from 3.77 mn bbl / d in June, per the data. Kpler's separate Hormuz-only count is starker: exports through the strait fell nearly 53% to 950k bbl / d, from 2.01 mn bbl / d in June, the National reports. Daily crossings fell to 18.7 in July from 24.7 in June, with the drop-off steepening as a 17 June US-Iran framework meant to reopen the strait broke down within weeks over a dispute about who controls it.

The numbers likely understate the disruption: Most tankers crossing Hormuz now cut their tracking systems to dodge detection, so Vortexa and Kpler are reconstructing transits from satellite imagery with a lag — meaning real-time crossings often aren't caught until later revisions. Tanker congestion from the strait closures has eased, though, and only about 1 mn bbl of UAE crude is currently stranded.

NBA gives UAE a pass

It’s bad news for basketball fans as the fallout from the regional conflict spills over into yet another sector. The NBA is skipping out on playing preseason games in the region, sources told ESPN. While nothing has been confirmed, the league had been floating the idea of possibly playing fixtures in Abu Dhabi and Doha. The UAE has already seen a number of event cancellations due to the war.

On the bright side, games will be coming to Abu Dhabi at some point in the future, they said, after the league renewed its collaboration partnership with the Department of Culture and Tourism.

BACKGROUND- The NBA was previously reported to be actively pursuing partnerships in the UAE, as well as Qatar, and it had partnered with sovereign wealth fund ADQ on fan engagement in the past.

Data point

28% — that's how much UAE jewelry demand fell in 2Q 2026, even as gold coin and bar purchases jumped 30% y-o-y to 5.3 tons, according to World Gold Council data picked up by Khaleej Times. The split signals a move away from discretionary spending and toward gold as an investment and safe-haven play, with UAE buyers favoring bars and coins over jewelry for their liquidity and clean ownership structure.

PSA

WEATHER- It’s another scorcher: Temperatures in Dubai are set to peak at 46°C before cooling to a low of 35°C, while Abu Dhabi will see a high of 47°C and a low of 33°C, according to our favorite weather app.

The big story abroad

The regional war is on the front pages once again, with US Treasury Secretary Scott Bessent saying that the US and Iran could reach an agreement to open the Strait of Hormuz today. The proposed arrangement would allow freedom of movement in the waterway, Bessent said.

Speaking of Washington, the Trump administration has shelled out some USD 100 bn in tariff refunds since the Supreme Court said that it did not have the authority to use emergency powers to place levies on US trading partners. The figure paid represents 60% of the levies associated with US President Donald Trump’s Liberation Day tariff frenzy announced last year.

AI models by OpenAI and Anthropic are in hot water once again, after reportedly taking unauthorized online actions and attempting to deploy harmful code — the latest breaches raising concerns that developers cannot fully control their AI systems. The UK government’s AI Security Institute reported that one model attempted to add harmful code to an open-source software project on cloud-based hosting service Github.

Procter & Gamble has acquired supplement maker Thorne for USD 3.8 bn, expanding the firm’s foothold in a business that has been on the upswing since the Covid-19 pandemic. P&G aims to fortify its position in premium wellness, noting that consumer interest in self-care, prevention, and wellness is widening. The allcash bid will close by 4Q.

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UAE’s GDP growth slows down in 1Q

GDP growth slowed in 1Q, with the UAE’s economy recording a 3% rise to AED 485 bn for the quarter, according to Federal Competitiveness and Statistics Center data picked up by state news agency Wam. That marks a slowdown from last year — 1Q 2025 posted 3.9% y-o-y growth, and the full year saw 6.2% growth overall.

The catch: this print barely captures the war. The conflict and the Hormuz disruption that came with it only hit in March — Wam attributed the drag to “regional challenges” it called “confined to a limited number of activities.” That leaves 1Q as, at most, a one-month read on the war's economic toll. The Hormuz closure ran essentially uninterrupted through all of 2Q, with only a brief reopening under the 17 June US-Iran framework before that broke down and crude exports fell further into July. Whatever growth headwinds 1Q shows, 2Q was exposed to the disruption for the entire quarter — that's what will actually tell us what the war cost the economy.

The slowdown in growth also filtered through to the non-oil economy, with GDP growing 4.8%, down from 5.3% in 1Q 2025. Still, the non-oil sector did more of the heavy lifting, with its share of the economy rising to 79.4%, up from 77.3% a year earlier.

The composition underneath the growth is getting slightly narrower — financial services and ins. grew 17.3% y-o-y and alone added 2.44 percentage points (pp) to headline GDP growth — more than construction (8.1% growth, 1.04 pp), healthcare (7.7%), ICT (5.9%), and professional and administrative services (4.9%) combined. Wholesale and retail trade managed just 2.6% growth, and real estate expanded 4.8%, down from a year earlier, even as non-oil foreign trade rose 13.1% y-o-y in 1H.

Why it matters: That's a more fragile growth mix than the topline suggests going into a quarter (2Q) that will show the war's full economic weight for the first time. Whether financial services can keep growing at this clip once safe-haven flows into DIFC-adjacent activity settle — and whether real estate and retail stabilize — will say more about the UAE's actual war exposure than this print does.

REMEMBER- Dubai specifically also saw a slowdown in 1Q, with the emirate reporting growth of 2.4% y-o-y during the quarter to AED 232 bn, down from the 4% recorded for the same period the year before.

So far, the results are faring better than the most pessimistic expectations penciled in by some in the wake of the regional war. S&P had forecast a contraction of 2.7% for the UAE’s real GDP this year, on the back of less oil production, lower tourism inflows, softening demand, and hits to other sectors. The picture was particularly bleak for Abu Dhabi, given hydrocarbons account for 44.4% of its economy and its non-oil activity was also hit, while Dubai was forecast for a 2.5% contraction. The IMF also cut its growth forecast for the UAE to 3.1% for 2026 while, at the start of the war, Goldman Sachs had warned of a 5% contraction should the conflict last past April.

In response: Dubai came up with successive stimulus packages to support business activity and investor confidence, while the Central Bank of the UAE rolled out a resilience package to help insulate local banks from the impact of the war.

The UAE is angling for a UK trade agreement that could rewrite the template for its next CEPAs with the West

The UAE and the UK are planning to boost their diplomatic relationship with a trade agreement — one that goes well beyond what the GCC negotiated as a bloc in May. UAE-UK trade already runs about USD 30 bn a year and touches more than 14k UK exporters, but a UAE-UK CEPA could unlock a lot more, in sectors the bloc agreement barely touches.

BACKGROUND- UAE Ambassador to the UK Mansoor Abulhoul said last month that the GCC-UK agreement is a “solid foundation” for removing tariffs and easing trade — but that the UAE wants a fuller, independent CEPA on top of it. That would mean deeper commitments on AI, investment protection, financial services, digital trade, and mutual recognition of professional qualifications for engineers, lawyers, and similar roles.

It’s early — but exploration is underway: “Our priority now is bringing [the GCC] agreement into force so British businesses can start reaping the benefits as soon as possible,” a UK government spokesperson tells EnterpriseAM. But a consultation on deepening the UAE relationship specifically and opening further prospects for UK firms has also been launched, the spokesperson tells us.

Why a CEPA is worth it despite the GCC agreement

A GCC agreement moves at the pace of its most cautious member — and the UAE is the bloc’s most open economy. “A bilateral CEPA is how it goes further,” geoeconomist and former IMF analyst Celine Bteish tells EnterpriseAM. Its edge, she argues, is in services, data, investment, and mobility.

The sectors in play track where UAE policy is already ahead of the GCC average, BMI Senior MENA Country Risk Analyst Mariette Kas-Hanna tells us: financial and professional services, digital trade, technology and AI, and advanced manufacturing. “A bilateral [agreement] could be more tailored to the UAE's role as a hub for trade, logistics, finance, and multinational regional headquarters,” she says.

Why it matters

A G7 signature is worth more than its tariff lines. The UAE's CEPA network is mostly built around emerging markets — a hedge against a fragmenting global order, Bteish tells us. A UK agreement breaks that pattern — and the move could be strategic. “When a G7 economy signs on the UAE's terms, it validates the UAE as a jurisdiction the West trusts,” Bteish says — a credibility play that Bteish believes pays off commercially over time, even if the initial gain is reputational.

Kas-Hanna sees a UK CEPA strengthening the UAE's hand in future talks with other advanced economies — though she's clear the model won't transfer easily. UAE-EU talks, already underway, are moving slower precisely because they cover a heavier agenda: services, investment, digital trade, energy, procurement, and sustainable development, all at once.

REMEMBER- The UAE's broader CEPA trade hit AED 304.3 bn in 1H 2026, including AED 66.1 bn in non-oil exports — the base the UAE is trying to build on with higher-value partners rather than more volume.

Setting a precedent for other deeper agreements? This G7 alignment could strengthen the UAE’s standing and serve as a precedent for deeper agreements, though Kas-Hanna notes the model won’t be easily replicated. The slow-paced UAE-EU talks demonstrate this complexity, as they cover a demanding agenda that includes services, investment, digital trade, energy, procurement, and sustainable development, according to Kas-Hanna.

What’s in it for the UK?

The economic lift for the UK may prove incremental: UK government figures estimate the wider GCC agreement will add just GBP 3.7 bn to UK GDP by 2040, which BMI estimates at 0.12% of 2040 GDP, suggesting a UAE-specific agreement would yield a modest macroeconomic impact, BMI UK Country Risk Senior Analyst James Bennett tells us.

London’s motives sit outside the spreadsheet. Bennett points to three: locking in GCC investment commitments, demonstrating the UK’s post-Brexit ability to close trade agreements, and building cooperation on labor standards, animal welfare, and women's economic participation. A UAE-specific pact is welcome in that context, he says — but it isn't currently a top UK trade priority.

What's next: The mutual recognition of professional qualifications is the likeliest sticking point — Bennett notes the GCC agreement itself only commits both sides to discuss recognition, not to implement it. Labor and environmental provisions are unresolved too; the UK says those talks continue bilaterally. We’ll be on the lookout for the UAE and the UK taking their consultation a step further toward formal negotiations.

DP World to build special economic zone in Kenya

DP World expands East Africa footprint: Port giant DP World agreed with Kenyan investment firm GulfCap Africa to develop a 222-hectare special economic zone (SEZ), called the Mombasa Industrial Park, less than 20 km from the Port of Mombasa, according to a press release. The project will roll out in phases, starting with 40 hectares.

Why now: DP World has spent years trying to get a concession to run berths at the Mombasa port. A 2023 tender would have handed it four berths and a 1 mn-TEU terminal, but a community court action halted the process. The case was settled in 2024, and Kenya revived the concession push in 2025, with Japanese and Chinese financiers circling — but DP World hasn’t publicly re-entered the bid.

This matches DP World’s broader playbook: “DP World’s strategy describes economic zones as part of an integrated ecosystem connecting ports, logistics and end markets,” maritime and ports analyst Nilesh Tiwary tells us. An industrial park generates revenue beyond cargo handling through “land leases, warehouses, distribution centres, container handling, cargo consolidation, customs-related services, value-added logistics, cold storage, freight forwarding and inland transportation,” he adds.

“The SEZ delivers what DP World needs most, independent of berth control: cargo, logistics revenue, and a grip on regional trade,” former head of supply chain and transport industries at the World Economic Forum Wolfgang Lehmacher tells EnterpriseAM. “The industrial park hedges against political risk, not maritime chokepoints [...] a nearby SEZ lets the company capture Mombasa's trade gravity without waiting on an approval process it doesn’t control,” he adds.

Why it matters: Mombasa will become DP World’s ninth active African market, joining existing operations in Algeria, Angola, Egypt, Mozambique, Rwanda, Senegal, Somaliland, and Tanzania. It fits a pattern we’ve flagged before: Gulf port operators are competing on more than quay space, building the freezones and inland logistics networks around ports they don’t necessarily control.

A steady 2Q for Alpha Data + Agthia

Sustained 2Q demand lifts Alpha Data’s earnings

Digital transformation demand buoyed Alpha Data’s 2Q earnings. The IT services firm’s income fell 1.2% y-o-y to AED 44.4 mn, while its revenue grew 13.6% to AED 806.5 mn, according to financial statements (pdf). Revenue for the quarter was 24.1% ahead of 1Q results, while the slower income growth was chalked up to backlog rollout timing, Alpha Data said in its management discussion and analysis report (pdf). Growth came primarily from the solutions segment (up 13.4% y-o-y) and the services segment (up 12.1% y-o-y).

On a 1H basis, the company’s bottom line rose 3.9% y-o-y to AED 79.9 mn on the back of an 11.7% top-line uptick to AED 1.5 bn. The solutions segment provided the lion’s share of 1H revenue with AED 1.2 bn, followed by services with AED 133 mn, and talent with AED 88 mn.

Steady operations boost Agthia’s results

Resilient operations and supply chains helped ADQ-owned F&B firm Agthia close out 2Q with AED 24.5 mn in net income, following a AED 37 mn loss in the same period the year before, the firm said in its financials (pdf). Revenue for the period came in at AED 1.3 bn, up 11.9% y-o-y, following a one-off AED 142.3 mn sale in its water and food segment, according to its management discussion and analysis report (pdf). Excluding the one-off, the company’s top line was broadly stable, it said.

For 1H, Agthia’s bottom line jumped to AED 121.4 mn, up from AED 49.1 mn the year before, on the back of a 7.4% y-o-y uptick in revenue to AED 2.6 bn paired with higher finance income.

The water and food segment drove the largest share of revenue, generating AED 440.4 mn in 2Q (+38.9% y-o-y) and AED 770.9 mn in 1H (+27.3% y-o-y). Snacking revenue slipped, however, dropping 25.9% y-o-y in 2Q and 18.3% in 1H.

Dividends: The board recommended dividends of 11.792 fils per share for 1H, up 14.4% y-o-y.

Guggenheim Abu Dhabi taps its first CEO

Guggenheim Abu Dhabi names inaugural CEO ahead of opening: The Department of Culture and Tourism in Abu Dhabi appointed Dr. Valerie Hillings (LinkedIn) as the first director and CEO of Guggenheim in Abu Dhabi, putting a longtime member of the museum’s leadership team in charge as the museum prepares to open its doors in December, according to a company announcement.

BACKGROUND- Hillings spent nearly a decade helping shape Guggenheim Abu Dhabi’s collection strategy, acquisition, and pre-opening plans while working at the Solomon R.Guggenheim Foundation.

Mintoak acquires Dubai’s ICC Loyalty

Mumbai-based payments infrastructure provider Mintoak acquired Dubai-based ICC Loyalty, marking its expansion into rewards and customer engagement for the financial sector, according to a press release. Together, the two firms are looking at USD 30 mn in combined annual revenue.

What’s Mintoak getting? ICC Loyalty works with more than 30 banks, its reach spans 11 mn customers, and its services target financial institutions. Its pitch includes using campaigns and incentives to boost retention rates and customer activity.

SpaceX sees revenue almost double in 2Q

SpaceX’s 2Q earnings (pdf) have rocketed past analysts’ expectations, as revenues rose 92% y-o-y, reaching USD 7.8 bn, clearing the expected threshold of USD 6.8 bn. The firm’s net loss narrowed to approximately USD 541 mn, recovering from USD 1 bn in the previous quarter and comfortably beating expectations of a USD 2.1 bn loss.

SpaceX’s largest business segment, Starlink connectivity, generated USD 4.3 bn in revenues, a 66% y-o-y jump, and is the firm’s only segment whose operating income is in the green. Subscribers to the service doubled to 12 mn in 2Q.

On the AI front: Although SpaceX’s AI segment is still developing, its revenues more than tripled from a year earlier to reach roughly USD 2.6 bn — on the back of agreements to lease data center capacity to the likes of Anthropic and Google. It acquired Elon Musk’s AI startup xAI in February, and has spent USD 15.8 bn in capital expenditure to build up its AI segment in 2Q — around 86% of total capex spent.

As for the final frontier… The firm’s space segment brought in USD 962 mn in topline, a 29% y-o-y increase, and reported a loss of USD 542 mn. Capex spending for the segment amounted to around USD 1.2 bn.

A stock market reckoning: Since its blockbuster USD 1.75 tn IPO in June, SpaceX’s stock has slipped 8% and could face further downward pressure starting tomorrow, when its post-IPO lockup period expires. This could potentially flood the market with insider and early-investor stock.

What’s next? SpaceX CEO Elon Musk claimed that progress is being made on his company’s first generation of orbital data centers, confirming on an earnings call yesterday that they are set for launch next year. Meanwhile, SpaceX continues to train its latest series of Grok AI models on SpaceX data, which Musk says will give his firm’s tools the upper hand in engineering, alongside the development of multiple GWs of fresh computing capacity.

MARKETS THIS MORNING-

Asian equities rose this morning on growing optimism over an expected US-Iran agreement following comments from Treasury Secretary Scott Bessent. South Korea’s Kospi is up 3.8%, while Japan’s Nikkei gained around 3.2%.

ADX	10,102	+1.6% (YTD: +1.1%)
DFM	5,986	+1.8% (YTD: -1.0%)
Nasdaq Dubai UAE20	4,930	+3.5% (YTD: +0.9%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	3.6% o/n	4.2% 1 yr
TASI	10,858	+0.3% (YTD: +3.5%)
EGX30	54,502	+0.8% (YTD: +30.3%)
S&P 500	7,737	+1.8% (YTD: +13.0%)
FTSE 100	10,879	+0.2% (YTD: +9.6%)
Euro Stoxx 50	6,487	+0.9% (YTD: +11.9%)
Brent crude	USD 79.77	+0.5%
Natural gas (Nymex)	USD 2.70	+0.5%
Gold	USD 4,140	-0.3%
BTC	USD 64,007	+1.1% (YTD: -26.9%)
Chimera JP Morgan UAE Bond UCITS ETF	AED 3.56	-1.7% (YTD: -5.1%)
S&P MENA Bond & Sukuk	150.57	+0.3% (YTD: -0.9%)
VIX (Volatility Index)	16.50	+4.0% (YTD: +10.4%)

THE CLOSING BELL-

The DFM rose 1.8% yesterday on turnover of AED 1.0 bn. The index is down 1.0% YTD.

In the green: Emaar Properties (+6.5%), Air Arabia (+4.7%), and Islamic Arab Ins. Company (+4.5%).

In the red: Emirates Investment Bank (-4.9%), Dubai National Ins. & Reinsurance (-4.9%), and Dubai Refreshment Company (-4.8%).

Over on the ADX, the index rose 1.6% on turnover of AED 1.6 bn. Meanwhile, Nasdaq Dubai was up 3.5%.

CALENDAR

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.

17-19 September (Thursday-Saturday): International Real Estate & Investment Show (IREIS), Adnec, Abu Dhabi.

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.

14-15 October (Wednesday-Thursday): Sharjah Investment Forum, Jawaher Reception and Convention Center, Sharjah.

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.

18-19 November (Wednesday-Thursday): Touchdown Middle East 2026, Conrad Abu Dhabi Etihad Towers, Abu Dhabi.

25-26 November (Saturday-Sunday): Doers Summit, Dubai Silicon Oasis, 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.

7-10 December (Monday-Thursday): Abu Dhabi Finance Week, Al Maryah Island, Abu Dhabi.

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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Slowing growth

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Today at a glance

THIS MORNING: Fujairah has become the UAE’s primary export route + the NBA gives the UAE a pass (for now)

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UAE’s GDP growth slows down in 1Q

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The UAE is angling for a UK trade agreement that could rewrite the template for its next CEPAs with the West

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DP World to build special economic zone in Kenya

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A steady 2Q for Alpha Data + Agthia

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Guggenheim Abu Dhabi taps its first CEO

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Mintoak acquires Dubai’s ICC Loyalty

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SpaceX sees revenue almost double in 2Q

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