Talabat to fall under new owners soon + Dubai’s property market is seeing record handovers

1

WHAT WE’RE TRACKING TODAY

THIS MORNING: Debt spreads widen again + Is e& scaling back its expansion plans?

Good morning, friends, and happy FRIDAY. The Dubai Media Office just issues a strong-worded warning to all media outlets that “publish incorrect news or information related to the Emirate of Dubai,” saying it would take necessary measures against them, after Reuters reported yesterday of sounds of explosions in Downtown Dubai, a claim the media office refuted later in a statement. Reuters later withdrew its original report and said it couldn’t verify the source of the sounds.

On to the morning's actual business news… Uber wants to own Delivery Hero — and with it, indirect control of DFM-listed Talabat — in a USD 14.8 bn bid that would create the largest food-delivery platform outside China. Dubai's housing market delivered a record number of units this quarter — but the supply is landing in a softer market with fewer buyers, Savills says. And Edge just went from minority investor to full owner of a Brazilian aerospace shop, the latest step in a pattern we've been tracking all month.

Plus: Debt spreads across the region just hit their widest point in nearly four years as the ceasefire keeps fraying.


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Back to square one?

The average sovereign risk premium across Middle Eastern governments jumped by roughly 20 basis points to 402 basis points over Treasury yields in the week since President Trump effectively ended the interim US-Iran ceasefire and attacks continued, Bloomberg reports. That's the widest the spread has been in almost four years, and it's on pace for the fastest YTD widening since 2018.

The region had just spent June recovering: As we reported at the time, spreads had tightened meaningfully from their war-era wides. Bahrain returned to public debt markets for the first time since the fighting began, and banks started rushing back into debt markets. Bankers we spoke with then were bracing for a normal summer lull — not a reversal. We’ll be keeping an eye on the pricing of upcoming issuances and how spreads move in the next few weeks.

G42’s American option

Is G42 considering selling a stake to US investors? That’s what the Wall Street Journal is reporting, citing people familiar with the matter. The WSJ quotes Emirati officials as saying that the Abu Dhabi AI group could become a US company mostly owned by US investors.

The timing matters: The US moved the UAE into Country Group A:5 earlier this week, giving approved Emirati and US entities in the UAE broader license exceptions for sensitive exports. G42 and Core42 are on the approved list, but their licensefree access expires after 270 days unless BIS extends it.

So? While we don’t know the specifics and G42 has yet to confirm any plans of a stake sale, a US investor base likely helps ease ongoing security concerns around exporting advanced compute to the firm — an issue that WSJ says is still drawing attention in Washington, with some scrutinizing alleged financial ties between National Security Adviser Sheikh Tahnoon bin Zayed al Nahyan’s and President Donald Trump.

e& dials back the tech empire

Telco operator e& is unwinding much of its global expansion strategy and refocusing on core telecoms under new CEO Masood M. Sharif Mahmood, Reuters reports, citing two people familiar with the plans. Mahmood took the helm in April after Hatem Dowidar’s six-year tenure, with the group now retreating from the broader tech-company ambitions pursued under his predecessor.

What’s under review: One source said e&’s push into technology, venture investing, and international assets had not delivered the returns shareholders hoped for, making steadier and easier-to-manage telecom returns the priority. The review includes the venture arm e& capital and the SME lender Beehive, though no final decisions have been made. e& is expected to retain control of e& PPF Telecom Group and its emerging-market telecom operators.

The pivot seems to have already begun: e&’s USD 5.95 bn sale of its full 16% Vodafone stake and the partial disposal of its Careem super-app holding to Uber have both come following a “comprehensive review of its international portfolio.”

The balance-sheet upside: We reported earlier that the Vodafone exit will generate a roughly USD 1.3 bn net return. HSBC expects the sale to cut net debt-to-EBITDA to around 0.5x by end-2026 from 1.1x, potentially opening the door to higher dividends, Reuters reports, while Citi says it will also reduce earnings volatility tied to Vodafone’s share price.

UAE moves to standardize university licensing nationwide

The UAE is moving to standardize how higher education institutions are licensed nationwide by creating a single reference point for universities and colleges, including those operating in freezones, state news agency Wam reports. What's actually being standardized: licensing requirements, assessment and compliance mechanisms, institutional sustainability requirements, and license renewal procedures.

PSA

WEATHER- The mercury reaches 43°C in Dubai and 42°C in Abu Dhabi, with lows of 32°C and 33°C, according to our favorite weather app.

The big story abroad

It’s a quiet morning in the business press, with the Financial Times’ front page story looking at the US chip sell-off amid a “deleveraging” phase and broader market volatility, and Bloomberg taking note of SpaceX’s scrapped Starship rocket mission, which had to be canceled due to issues with the engine. SpaceX shares extended their losses on Blue Ocean after ending the trading day down yesterday, and after breaking below their USD 135 IPO price for the first time on Wednesday.

Meanwhile, the Guardian says the recovery plans and ambitious masterplan for Gaza put forward by President Donald Trump’s Board of Peace seem to have shrunk to a “tiny pilot scheme” in Rafah, south of Gaza, as Israel continues to violate the US-brokered ceasefire and bar the NCAG, a body of 13 Palestinian professionals and technocrats convened by the BoP earlier this year, from entering Gaza.

***

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2

THE BIG STORY TODAY

Uber’s USD 14.8 bn bid for Delivery Hero set to hand it indirect control of DFM-listed Talabat

Talabat is about to have a new parent: Uber. Uber launched a takeover bid for Delivery Hero, the German parent of DFM-listed Talabat, offering EUR 41.50 per share in a transaction that values Delivery Hero’s equity at USD 14.8 bn, or USD 13.7 bn once you account for the stake Uber already owns, according to a press release. The takeover would create the world’s largest food-delivery platform outside China.

Control without ownership: If the offer closes, Uber will become Talabat’s ultimate controlling shareholder — but only indirectly. Delivery Hero will keep its wholly owned 80% stake in Talabat through its Delivery Hero MENA subsidiary, Talabat said in a DFM disclosure (pdf). The 20% DFM investors bought into at Talabat’s December 2024 IPO doesn’t move. Uber is not buying the MENA business directly, and it isn’t buying out public shareholders.

The brand stays, for now: Talabat has confirmed its operations, strategy, leadership, and DFM listing stay unchanged. Uber’s own announcement talks up the value of Delivery Hero’s local brands — a signal it currently sees more upside in keeping the Talabat name than folding it into the Uber app.

Why Uber can pull this off: Uber already controls the acquisition’s outcome before shareholders even vote. It directly owns around 24.8% of Delivery Hero and holds further economic exposure through derivatives. Meanwhile, Prosus — required to sell down its stake as an EC remedy from its Just Eat Takeaway acquisition — has irrevocably committed to tender its shares, bringing Uber’s total economic interest to roughly 53%. That clears the offer’s 50%-plus-one acceptance threshold well before independent shareholders weigh in. Delivery Hero’s management and supervisory boards have already unanimously backed the acquisition.

BACKGROUND- Talabat floated 20% on the DFM in December 2024, raising USD 2 bn and valuing the company at some USD 10.1 bn. Its most recent numbers show why Uber sees value in the platform: gross merchandise value of USD 2.7 bn in 1Q this year, up 19% y-o-y, revenue up 23% to USD 1 bn, and net income of USD 86 mn, with FY 2026 net income guidance raised to USD 300-330 mn.

Uber plans to fund the takeover using existing liquidity and new debt and has secured a EUR 14 bn bridge facility. The company has also committed to retaining Delivery Hero’s Berlin workforce and headquarters until at least 2029 and investing EUR 2 bn in Germany over five years.

What’s next: The takeover is expected to close in 2H 2027, subject to the minimum acceptance threshold and regulatory clearances.

Market reax: Talabat's shares fell 0.8% on the news.

3

REAL ESTATE

Dubai’s housing market is fragmenting as record handovers redraw the pricing map

Dubai delivered around 27.3k residential units in 2Q 2026 — the highest quarterly volume in recent years — just as transactions fell 19% q-o-q to 35.9k, according to Savills’ latest Dubai Residential Market report (pdf). The result is not a citywide correction so much as an increasingly uneven market, with the heaviest pressure landing where new supply is concentrated.

Ready-home sales felt the brunt of it, falling around 30% q-o-q, while secondary sales dropped 29%. Off-plan still accounted for 76% of activity, but Savills says registrations include transactions agreed in previous quarters. Nine earlier-launched projects alone accounted for around 30% of developer registrations, meaning the headline figures likely overstate current sales momentum.

The monthly data tells a similar story: ValuStrat’s June index showed residential values falling 1% m-o-m, taking the cumulative decline since 28 February to 10%, while annual growth was almost flat. Ready-home sales rebounded from a weak May but remained 23% lower y-o-y.

Supply is redrawing Dubai’s pricing map

Citywide averages are hiding the sharper moves: Apartment prices fell 4% q-o-q, while villas and townhouses edged down 0.8%. Savills’ like-for-like analysis found larger declines of around 5-7%, with some locations down as much as 10%.

The dividing line is incoming stock: Comparable values in Dubai Hills Estate and Arabian Ranches 3 — where significant new supply has entered — have fallen around 10% since February. Supply-constrained Reem Mira, by contrast, has held up better — a sign that the next phase of the market will be determined less by Dubai-wide averages and more by how much stock each community has to absorb.

Landlords are feeling the squeeze too: Annual Ejari registrations fell around 22% q-o-q, while rents across a sample of major communities declined by an average of 8-10%. The largest adjustments again came in supply-heavy areas, where tenants have more choice and landlords face added competition from serviced apartments and short-term rentals.

Demand is also moderating: New residence permits fell around 15% q-o-q, which Savills links to softer employment growth and fewer job-related arrivals — an important feeder of new rental demand.

Developers are applying the brakes upstream

Launches collapsed as handovers surged: Developers introduced only around 5.3k units during the quarter, down from more than 45k in 1Q, while shifting toward smaller, phased releases.

They are also stretching delivery schedules. Projects once expected to be completed within roughly three years are now generally being planned over four, spreading future stock over a longer period in an attempt to ease absorption pressure.

The long-term wagers have not gone away: Emaar is still pressing ahead with the AED 200 bn Dubai Mansions development, a 4.5 mn sqm project designed for around 150k residents. As we reported last month, the project is part of a wider wager that Dubai’s population and investor base can continue expanding over the longer term — even as developers become more cautious about how quickly they bring units to market.

Looking ahead

Savills expects population growth to moderate to around 2% this year, from 4.1% in 2022. Fewer launches and longer construction timelines should give demand more time to catch up, but apartment-heavy communities facing large delivery pipelines could remain under pressure.

Owners are not rushing for the exits: Refinancing accounted for roughly 70% of valuation activity by quarter-end, up from around 30% historically, suggesting owners are restructuring borrowing rather than selling into a softer market. Dubai’s supply problem is therefore not simply how many homes are coming. It is where they are landing — and whether demand can reach those communities quickly enough.

4

ALSO ON OUR RADAR

Edge acquires Brazilian aerospace engineering firm, while Julphar wraps divestment of Oman retail pharmacy business

Edge expands its footprint in Brazil with another acquisition

Edge just took full ownership of a Brazilian aerospace shop with three decades on the clock. The UAE's state-owned defense group has agreed to buy 100% of Akaer, a São José dos Campos-based engineering firm that has logged more than 10 mn engineering hours on programs for Embraer, Saab, and Turkish Aerospace, among others, according to a statement. Akaer already works with Edge on unmanned-systems development — this acquisition locks in that supply chain and pushes Edge into optronics, infrared systems, and space-related tech, on top of its existing UAV work. It also gives it an engineering base in Brazil.

Edge has been busy: The firm already has a footprint in Latin America, with the acquisition of a 50% stake in Brazilian smart-weapons maker SIATT back in 2023. It also recently signed an agreement to acquire a controlling stake in Italian propulsion systems manufacturer CMD as part of its push to strengthen its foothold in the global defense supply chain, alongside setting up a European headquarters in Paris.

Julphar completes divestment of Oman retail pharmacy business

Emirati drugmaker Julphar completed the sale of Scientific Pharmacy’s pharmacy and distribution business in Oman to Al Batha Healthcare Group — the final piece of a divestment strategy to shed non-core assets and focus on specialty pharma in the MENA region, according to an Abu Dhabi Securities Exchange filing (pdf). The transaction received all required government and regulatory approvals, Julphar said in the filing, and follows a separate divestment of pharmacy businesses in the UAE that wrapped in June.

5

PLANET FINANCE

The SEC’s transparency push could expose Gulf money behind activist hedge funds

Some of the Gulf’s most discreet investors may soon find themselves in the public eye. The US Securities and Exchange Commission (SEC) said in an updated interpretation on 13D filings and proxy statements last week that activist hedge funds must disclose the identities of clients backing company-specific campaigns — a shift that could pull Gulf family offices out of the shadows of America’s activist-investing scene.

SOUND SMART- Activist funds often raise money through “sidecars,” special-purpose vehicles that let outside investors back a single campaign without joining the fund’s broader portfolio — or having their names attached to it.

And what’s changed? Under the SEC’s new interpretation, clients investing more than USD 500 in certain vehicles used to solicit votes must be named in regulatory filings.

Why family offices like the structure: Sidecars let investors shape a specific outcome — a boardroom shake-up, a breakup, a sale — while keeping the rest of their public-market exposure untouched and their name off it, The National cites IQ-EQ’s Peter Unwin as saying.

Why it matters for the Gulf: North America accounts for 50% of Middle Eastern family-office portfolios, according to UBS’s Global Family Office Report 2026. That being said — being permanently identified as the foreign capital behind a campaign to replace management, break up a company, or force a sale could invite political and media scrutiny in both Washington and the Gulf, lawyers and experts told The National. The requirements are particularly sensitive where private wealth and state interests are perceived to overlap.

But this is guidance, not law: “This is not a new rule, but just guidance on the interpretation,” Insead’s Ben Charoenwong told The National. The SEC could reverse course without completing a formal rulemaking process, while sophisticated investors may shift back into larger pooled funds or avoid structures that name them as co-investors.

The bigger signal here is scrutiny, not just disclosure: The SEC’s unexpected interpretation signals greater scrutiny of what investors pushing for boardroom changes must disclose about their clients, lawyers who work on investor activism told Reuters. Companies targeted by activists say they need that information to defend themselves, while hedge funds argue disclosure could expose proprietary strategies and encourage copycats.

Sovereign wealth isn’t the one sweating: Ziemba Insights’ Rachel Ziemba told The National that Abu Dhabi Investment Authority, Mubadala, and Qatar Investment Authority tend to back management they already trust rather than join activist campaigns. The pressure falls instead on family offices and private investors running single-company sidecars.

MARKETS THIS MORNING-

Asian stocks are facing a sell-off that mirrors the trend over in Wall Street, led by semiconductor shares. SoftBank’s shares fell 9.2%, while chip equipment maker Tokyo Electron

lost 9% and Advantest slid 9.4%. South Korea markets are closed for a holiday. Over on Wall Street, futures ticked lower after the decline in chipmakers dragged indices down yesterday.

ADX

9,871

-0.5% (YTD: -2.1%)

DFM

5,896

-0.3% (YTD: -2.5%)

Nasdaq Dubai UAE20

4,677

-0.6% (YTD: -4.3%)

USD : AED CBUAE

Buy 3.67

Sell 3.67

EIBOR

3.4% o/n

4.2% 1 yr

TASI

10,720

+0.2% (YTD: +2.2%)

EGX30

52,928

+0.7% (YTD: +26.5%)

S&P 500

7,534

-0.5% (YTD: +10.1%)

FTSE 100

10,572

+0.5% (YTD: +6.4%)

Euro Stoxx 50

6,284

+0.3% (YTD: +8.5%)

Brent crude

USD 85.15

+1.1%

Natural gas (Nymex)

USD 2.89

+1.2%

Gold

USD 3,996.6

+0.1%

BTC

USD 64,092

-1.1% (YTD: -27.8%)

Chimera JP Morgan UAE Bond UCITS ETF

AED 3.67

+0.6% (YTD: +0.1%)

S&P MENA Bond & Sukuk

151.22

-0.1% (YTD: -0.5%)

VIX (Volatility Index)

16.73

+6.8% (YTD: +11.9%)

THE CLOSING BELL-

The ADX fell 0.5% yesterday on turnover of AED 771.8 mn. The index is down 2.1% YTD.

In the green: Sharjah Cement and Industrial Development Co. (+1.7%), Abu Dhabi Aviation (+1%), and 2PointZero (+0.9%).

In the red: Sudatel Telecommunications Group (-5%), NMDC Group (-3.3%), and Space42 (-2.4%).

Over on the DFM, the index fell 0.3% on turnover of AED 432.1 mn. Meanwhile, Nasdaq Dubai fell 0.6%.

6

MY MORNING ROUTINE

David Kavanagh helped map Ireland’s genetic code — Now he’s doing the same for UAE

David Kavanagh (LinkedIn), general manager of Omics at M42, has spent his career building the infrastructure behind population-scale genomics — first in Ireland and now in the UAE. He left his life in Ireland — and his family farm — to move to Abu Dhabi and work with M42. The draw? The massive scale of the Emirati Genome Program, which Kavanagh says is the biggest in the world currently, is driven by a goal of sequencing every Emirati and connecting that data directly to the national health record.

Beyond scale, the value of building a dataset that brings an underrepresented ancestry into the global genome — and ultimately helps drive clinical research, diagnosis, and treatment — is what drives him.

Each week, My Morning Routine looks at how a member of the community starts their day — and throws in a couple of questions just for fun. This week, we sat down with Kavanagh to talk about the genome program's next phase, what leading a life-sciences team actually takes, and what he’s reading right now. Edited excerpts from our conversation, lightly cleaned up for clarity:

EnterpriseAM: Tell us a bit about yourself — how did you get into genomics?

David Kavanagh: I did my PhD in University College Dublin over 20 years ago now and moved quickly into commercial roles in life sciences. I co-founded my own business straight after my PhD, which I sold to a US company, then spent time in a consulting role with an Irish health-tech and medical devices business.

In 2017, I joined an Irish venture-backed business involving US VCs and the Sovereign Wealth Fund of Ireland, set up to build a population genomics cohort on the island, where I served as a general manager out of Dublin. The business used human genetics to support drug target discovery.

I spent seven years there, and a little over a year ago, I was approached about a role at M42. It’s a similar kind of infrastructure, but what’s different here is that the UAE government has made a strategic decision to make a genome available for every Emirati. That matters because most global genomics data has been dominated by European and US ancestry, while other populations, including Arab populations, are underrepresented in the global genome map. The UAE is correcting that for Emiratis specifically, which opens the door to real precision medicine in the clinical system.

We’re also increasingly doing what we call clinical reporting — not only generating a genome, but providing consultants who have patients in their care with a diagnostic report that helps them make decisions about the care they’re providing.

E: The most recent figure I’d heard was around 1 mn genetic samples gathered and sequenced. Where are things now?

DK: We’re on track to hit 1 mn this year. It’s really important to note that for many population genome projects, it’s not just about the number of genomes. It’s actually the integration into health records and clinical care that makes this really powerful.

A little over two years ago, we launched a project in partnership with the Department of Health in Abu Dhabi and the Abu Dhabi Biobank, which is supplementing the genetics that we’ve captured through the program with additional types of samples. For example, an expectant Emirati mother would have the option to store her cord blood and make it available as a source of stem cells for cancer patients requiring a transplant. Again, because of the underrepresentation of the Arab genome, it’s very hard for people in the UAE to get a match on international registries for stem cells, so creating a national infrastructure around that creates real clinical value.

E: What’s the exact role of the Biogenix Center of Excellence you lead in all of that?

DK: M42 itself is a very large business, with 22k employees across 27 countries. We’re supporting everything from dialysis services and fertility treatment to tertiary care — offering a true continuum of care.

We have three platforms. The first is Global Patient Care. The second is Integrated Health Solutions, which houses Biogenix — the laboratory I lead that operates the Emirati Genome Program. This platform also includes our Biobank and IROS, the clinical trial business I direct that supports experimental medicine testing across the UAE and the wider region. The third platform is Digital Health Solutions, which operates Malaffi, the digital health information exchange centralizing all of this clinical data. We’re providing support for these programs across a whole variety of different domains, but when you bring them all together, that’s the true power.

E: What’s in the pipeline for the program in the near term?

DK: The last couple of years have been about building the foundations. Now, the DoH is very keen to demonstrate clinical value quickly for patients, so a lot of our activity has focused on making clinical testing available.

What we’re really excited about right now is that we’re at the threshold of moving to research use cases. We’re making these datasets available for both local and global research. We’re building an infrastructure right now, in partnership with the DoH, called the Trusted Research Environment. That will be the gateway to access these datasets in a controlled way, generate results, and those results will be used by academic partners and pharma companies. There’s a lot of excitement internationally from some leading pharma companies to partner and analyze these datasets.

The fact that we’re in the era of AI is also helping improve the sophistication of how we analyze these datasets as well — it’s an accelerant.

E: What are the main challenges facing this sector today?

DK: As an asset category, life sciences is very complex — it’s a long-term, capital-intensive investment, and you have to be in it for the long term. During Covid-19, there was a lot of money invested across the globe in life sciences innovation, and some of that confidence evaporated from the market afterward once people realized this is a bit more complicated than they thought.

What’s exciting is the convergence trend of AI helping drive discoveries and analysis of datasets. I think the future is bright, but it’s one of those areas that requires patience, along with specialist knowledge and specialist investors, to really see the benefits and bring exciting innovation to market. The UAE is a country that’s really backing itself — they see this convergence trend of AI and health, and they want to be a destination for advanced healthcare, recognized globally as such, while also really leaning into data and AI infrastructure. The UAE is probably the most ambitious country in the world right now in this domain.

E: Now onto your routine — what does a typical workday look like?

DK: As an early riser, I usually start my day at 8am. I go to a coffee shop, where I sit with my laptop and a coffee to try to get ahead of the day. I typically don’t start meetings until 9 or 9:30am, which gives me that crucial morning window to collect my thoughts.

My role is quite varied. I’m very lucky to have a very skilled management team that reports to me, and they manage different aspects of the business, so a lot of my diary is checking in with them, helping them do what they need to do or solve problems they’re facing. There’s no template for my day. Every day brings a unique and interesting problem that needs to be solved, and every week there are new challenges — and you just keep rolling through and tackling them as they come.

E: And in the evening — or however you disconnect — what do you do for fun?

DK: I have a three-year-old son, so my hobbies pretty much consist of playing with him and spending time with my wife. I also play guitar, have done so for many years. I love to just pick up the guitar and strum, and I enjoy reading books as well.

We do also have a farm in Ireland — my wife is from a rural part of Ireland, and we have a little farm and animals back there. When we’re back, we spend time just kicking back and enjoying the farm. It’s a nice relief from the intense focus of a technical business.

Kavanagh's favorites

What he’s reading: Science fiction, mostly — right now, the Culture series by Scottish writer Iain Banks. “The world is at this point where everybody’s trying to figure out what the future looks like. There’s a lot of uncertainty — what impact is AI going to have on the way we live? Science fiction, even though it’s fiction, imagines a future where humanity has advanced, and at least the good science fiction authors have this ability to help you think about our place in the universe,” Kavanagh says. He also recommends Isaac Asimov’s Foundation series and the works of Andy Weir, who wrote The Martian and Project Hail Mary.

Favorite piece of advice: From a VC he knew in Dublin, after something hadn’t gone their way: “Write it down now. Write down this moment. Write down why you think it went wrong and learn from it, and then move on. Don’t carry it, just move on,” he said. “People tend to hold on to things maybe for too long, and we live in an uncertain world, and business is uncertain, so you have to just keep pushing forward — take the lessons, and move on.”


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.

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.

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:

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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