UAE graduates from EM status

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Is Burjeel eyeing debt markets? + Tenancy contracts tick up in Dubai

Good morning, friends. Our issue today is the busiest since the start of Ramadan, with some important Emirates-wide updates: JPMorgan is phasing us out of its flagship emerging market bond index as the UAE continues to push beyond wealth thresholds, and the Emirates’ pharma distribution and storage industry is set to open up for competition.

Plus: We have some updates from Presight and Shorooq on who they’re backing through their AI fund.

Meanwhile, Burjeel is reportedly eyeing debt markets for a debut USD sukuk, work is underway on a new LPG hub at Khalifa Port, and Invictus Investment is carrying its Africa acquisition strategy into the new year.

WEATHER- It’s another warm day, with the mercury peaking at 31°C in Dubai and 32°C in Abu Dhabi. Dubai will see an overnight low of 18°C, while the capital will see a low of 17°C.

Watch this space

DEBT — ADX-listed healthcare provider Burjeel Holdings is reportedly looking to pull the trigger on its debut USD sukuk issuance and is engaging with international and regional investors to assess demand, Bloomberg reports, citing people it says are familiar with the matter. The IHC-backed company has been holding meetings with fund managers as part of an early-stage roadshow, aiming to introduce its business and address investor concerns about the healthcare sector following the collapse of former peer NMC Health.

The backstory: Healthcare issuers in the Middle East have largely stayed out of hard-currency debt markets since NMC entered administration in 2020, following revelations of bns of USD in undisclosed liabilities.

ICYMI- A reason for a possible dip into debt markets wasn’t specified. However, Burjeel was on somewhat of an expansion drive last year, acquiring 100% of Riyadh-based PhysioTrio and 80% of Dubai’s Advanced Care Oncology Center. It also launched a new mental health and well-being platform and rolled out several specialized centers across the Emirates.

CYBERSECURITY — US targets UAE firm with cyber-related sanctions: The US Treasury Department imposed sanctions on UAE-based Special Technology Services, which it says is affiliated with entities that acquire and distribute cyber tools harmful to US national security.

Data point

1.38 mn — that was the number of tenancy contracts registered in Dubai in 2025, up 6% y-o-y, with total rental value climbing 17% to AED 126.4 bn, according to Dubai Land Department data. More than 513k were new leases, up 10%, while renewals edged 3% higher to 514k — a sign of steady churn, but firmer inflows.

The uptick wasn’t limited to leases: Sold units rose 25% to 147.5k, with transaction value up 30% to AED 280 bn, while villa values rose 12% despite lower volumes — a tilt toward higher-ticket products. Projects under construction climbed 25% to 937, while newly registered real estate offices more than doubled to 4.1k, taking the active total to 10.2k, reading less as a rental spike and more like a market widening its base.

REMEMBER- Momentum is set to normalize ahead: ValuStrat sees capital gains easing to around 10% this year after prices have jumped roughly 70% over the past five years, reflecting a normalizing property market. Rental growth is expected to flatten as affordability ceilings bite, even as villa prices continue to outperform on persistent undersupply.

PSA

Shorter winter break ahead: The UAE approved a three-year academic calendar for public and most private schools — excluding Indian, Bangladeshi, and Pakistani curriculum institutions — through 2028-2029, the Education Ministry said on X. The headline change? Winter break is trimmed back to three weeks after last year’s four-week stretch. For 2026-2027, classes begin 31 August, with the winter holiday running from 14 December to 3 January.

No early check-outs: Schools must follow the designated midterm break, with some flexibility for certain private operators (Sharjah excluded). Final assessments will stretch through the last week of term, closing the door on premature holiday departures except for international exam cohorts.

The big story abroad

The Netflix-Paramount-Warner Bros saga is once again in the headlines, with Warner Bros confirming that Paramount’s sweetened bid of USD 31 a share could beat out Netflix’s effort. If Paramount’s bid is deemed superior to Netflix’s, the streaming giant will have four business days to match it — so it is still anyone’s game. Paramount is also offering a USD 0.25 per share “ticking fee” for every quarter the transaction does not close after September 2026.

US President Donald Trump is still giving his State of the Union address as we’re hitting send. So far, the speech lacks any substance, with the president touting his own success in bringing inflation down, creating jobs, and securing fresh investments. In typical Trump fashion, the speech had its fair share of inaccuracies and exaggerations, which NBC News fact-checked in real time. Markets are hoping the speech brings some tariff clarity.

Making waves in the tech world this morning is a new agreement between Meta and Advanced Micro Devices. Meta is buying USD 60 bn worth of computing power, which will power its AI infrastructure over a five-year stretch starting 2H 2026. AMD issued Meta a warrant for up to 160 mn shares — approximately 10% of the company — at a strike price of just USD 0.01 per share, contingent upon Meta hitting specific milestones and AMD hitting a set stock price threshold.

ALSO WORTH READING THIS MORNING- A Harvard-led study found that a machine-learning algorithm can predict 71% of mutual-fund trading decisions after training it on data between 1990-2023. It appears that the algorithm has learned how managers react to trends, flows, and activity from their peers. That said, the algorithm failed to predict activities that fell outside the routine, which represents most of the value to be secured on the market.

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

UAE graduates from EM status

UAE debt outgrows emerging market label: JPMorgan will phase the UAE out of its flagship emerging market bond index (EMBI) in four stages starting 31 March, with a final exit by June, Bloomberg reports, citing a statement from the index provider.

Why? The decision comes after three straight years of the UAE exceeding the bank’s wealth threshold — typically measured by gross national income per capita — effectively graduating the sovereign from the EM asset class. The UAE currently accounts for 4.1% of JPMorgan’s global EM bond indices.

This is not a downgrade: The UAE’s AA-rated credit long sat outside the emerging cluster of B-to-BBB peers in the index. “The market has already been treating the UAE as a high quality credit,” Sarah Alyasiri, financial strategist at CF Trade, tells EnterpriseAM, adding that Emirati sovereign bonds have been trading far closer to investment-grade credit than to the broader EM hard-currency complex.

We knew it was coming: This time last year, JPMorgan made the same move for Qatar and Kuwait, signaling that GCC assets are increasingly viewed as developed or high-grade investments rather than traditional EM debt. Investment bankers have been saying it for a while now: the GCC is looking less like an emerging market and more like a category resting between EMs and developed markets, thanks to reforms that have helped broaden the investor base and deepen liquidity.

The UAE’s exit will leave the remaining EM index riskier. JPMorgan analysts expect the headline EMBI spread to slightly widen by 10 bps once the Emirati bonds’ lower yields are removed from the average.

SOUND SMART- The headline spread is the extra return investors ask for to take the added risk of lending to emerging market countries when compared to the US government. Right now, that extra risk premium is about 247 bps on top of what US Treasuries pay, whereas the spread on the UAE’s bonds is currently at about 65 bps, according to the news outlet.

What changes?

Some capital may rotate within the GCC toward sovereigns that remain in EM indices, Alyasiri noted. At the same time, the reclassification could open the door to global investment-grade and core fixed-income managers who previously had limited mandates to hold EM debt.

In the near term, the impact is largely technical. EM-dedicated funds that track the index will need to trim exposure as the UAE is phased out, Alyasiri tells us. But because the removal is staggered over four stages, “the adjustment is likely to be smooth.” It’s also likely to be already priced in, she added.

The graduation premium: If the move supports structurally tighter spreads, it would strengthen the UAE’s ability to finance long-term infrastructure and strategic development plans at a lower cost of capital, Alyasiri said, reinforcing the fact that this is a pricing and structural shift, not a negative credit event.

UAE overhauls pharma distribution rules

The UAE’s single-agent pharma model has been dismantled. The newly established Emirates Drug Establishment (EDE) is now requiring pharma companies to appoint more than one authorized agent per medical product marketed in the UAE, state news agency Wam reports. The system effectively ends the long-standing single-distributor structure in the pharma industry.

What’s changed? Global manufacturers typically appointed one local agent per product, responsible for import, storage, and distribution — opening up supply lines to fragility. If that sole agent faced operational delays, pricing disputes, or inventory bottlenecks, supply could tighten nationwide.

But now, one product will have multiple pipelines. Companies can designate more than one authorized agent, enabling parallel warehousing and distribution routes across emirates, removing the structural chokepoint from the old model.

Why it matters

The EDE says the shift is designed to cut disruption risk, improve inventory responsiveness, and curb quantity-control practices, while “establishing a flexible legislative environment that supports the sustainability of the [pharma] market and the protection of public health,” Chairman Saeed bin Mubarak Al Hajeri said. The broader aim is to strengthen pharma security and ensure continuous product availability nationwide.

Background

This reform fits into the UAE’s broader consolidation of pharma oversight under the EDE. At the start of this year, key regulatory and licensing powers were transferred from the Health and Prevention Ministry over to the EDE, granting the federal body authority over pricing, product registration, manufacturing oversight, warehousing, and import-export services — around 44 in total — following a 2024 federal decree that expanded its mandate.

Presight-Shorooq AI Fund deploys capital into five US- and UAE-based startups

Presight and Shorooq gave details on the first cohort of firms receiving funds from their joint AI fund. The USD 100 mn vehicle is initially targeting UAE and US firms working in “frontier intelligence,” according to a press release. Launched last September, the vehicle fund invested over USD 18.5 mn in five startups during its first quarter of operations. So far, recipients include:

Abu Dhabi’s NodeShift, which raised USD 1 mn seed round for its sovereign AI cloud platform that integrates virtualization and workloads while keeping data onshore;
San Francisco-based Candid, which raised USD 6 mn as it builds out tech that aims to shorten pre-construction bidding for construction firms and improve bid consistency;
New York-based Hebbia, which raised an undisclosed sum and develops AI and automation tools for applications in finance, law, and government;
San Francisco-based Blue, which raised USD 5.5 mn to build a voice and edge AI system that performs multi-step tasks on mobile devices through a hardware-software interface;
San Francisco-based startup Crunched, which raised USD 6 mn as it offers an AI assistant inside Excel for auditing, data integration, and analysis in consulting workflows.

REMEMBER- The fund plans to back 25-30 AI and deep tech startups, allocating roughly 40% of its capital to late-stage rounds to help high-growth companies scale. It’s targeting AI, machine learning, and data analytics startups across multiple sectors, including smart cities, fintech, energy, gaming, AR/VR, Industry 4.0, and other deep tech fields.

Shorooq plans to ramp up its AI investments this year, launching a USD 200 mn fund backed by the Qatar Investment Authority to target the GCC’s late-stage and pre-IPO companies. The vehicle will focus on fintech infrastructure, software, and AI, backing companies that support regulated or mission-critical activities across the MENA region.

Etihad Airways posts its strongest full-year financials on record

Passenger demand boosted Etihad Airways’ 2025 earnings, with the firm reporting its strongest full-year financial and operational performance on record, according to an earnings release. Network expansion and higher yields also boosted earnings, as income after tax for the year rose 47% y-o-y to AED 2.6 bn, while total revenue increased 21% to AED 30.7 bn.

Behind the results: Passenger revenue climbed 24% to AED 25.8 bn, supported by a 21% increase in capacity. Etihad carried 22.4 mn passengers last year, up 21% y-o-y, while cargo revenue rose 8% to AED 4.5 bn, supported by higher volumes and expanded belly-hold capacity. It added 29 new aircraft to its operating fleet, bringing the total to 127.

Etihad is looking to capture more premium demand, even if that means reducing economy class capacity, CEO Antonoaldo Neves told Bloomberg. The carrier plans to increase premium seating and restore first-class cabins across almost its entire wide-body fleet as part of a major retrofit program, he added.

Its ultra-luxury product, The Residence, is also making a comeback, with demand for the three-room suite with a double bed, shower, and living room aboard the Airbus SE A380 leading the airline to bring back two of the jets, Neves said.

HOWEVER- Headwinds remain, especially for its retrofit program, in the form of supply chain disruptions and limited aircraft availability, as manufacturers struggle to meet delivery schedules.

More manufacturing activity, LPG hub breaks ground, Abu Dhabi and Baku twin up, Invictus takes Africa once again, and AB launches domestic feeder funds

AD Ports, Nimex open LPG terminal at Khalifa

AD Ports Group and Nimex Terminals broke ground on a new liquefied petroleum gas (LPG) storage terminal at Khalifa Port, the UAE’s first private-sector LPG terminal, according to a statement. The new hub will feature a fully automated storage and distribution system.

REMEMBER- The project, initially announced in November, will run parallel to an LNG terminal hub under development at the port. The agreement is valued at over AED 30 bn, based on the projected 50-year multiple revenue streams from the two terminal hubs, with initial operations set to launch by mid-2028.

What’s in the cards? The project’s first phase is scheduled to be commissioned within the next three years. It will include four LPG bullet tanks (with a total 21k cbm capacity) and two propane and butane containment refrigerated storage tanks — one boasting a 50k cbm capacity and the other 67k cbm. Phase two will bump up the facilities’ total terminal capacity to 280k cbm.

This is the second major energy storage hub breaking ground at Khalifa Port this week, after Monday’s groundbreaking of Oylz Terminals’ petroleum products facility.

Deepened urban development cooperation with Azerbaijan

Abu Dhabi and Baku are now twin cities after Abu Dhabi’s Department of Municipalities and Transport finalized an agreement with the Azerbaijan capital, state news agency Wam reports. The framework will see the two cities collaborate on traffic operations and data-driven mobility, using shared KPIs to track and scale urban development projects across both capitals. The agreement also aims to boost cooperation in green infrastructure initiatives.

This comes amid broader cooperation between the UAE and Azerbaijan, with the two inking a comprehensive economic partnership agreement in July and signing MoUs in areas like transport and tourism later in the year.

UAE to set up manufacturing plant in Bangladesh

UAE-Bangladesh JV to roll out USD 10 mn polymer facility: Integrated Composite Industries, a UAE-Bangladesh joint venture, entered into a land lease agreement with the Bangladesh Export Processing Zones Authority (Bepza) to roll out a manufacturing plant in the Bepza Economic Zone, according to a press release. With a proposed investment of USD 10 mn, the facility will produce civil engineering materials, including FRP composite products and steel frames.

The details: The facility will have an annual production capacity of 6.2k tons, focusing on modern bathtubs, jacuzzis, and panel tanks to serve the shipbuilding and cruise industries, with the majority of output slated for Dubai export.

Invictus digs its roots deeper in Africa with another acquisition

Invictus Mauritius subsidiary finalizes North African acquisition: ADX-listed agri-food firm Invictus Investment’s wholly owned Mauritius subsidiary finalized binding documentation to acquire a majority stake in a North African agro-food manufacturing firm, according to an ADX disclosure (pdf). The agreement remains subject to local regulatory approval and procedures, and the disclosure did not specify the takeover target or its ticket size.

Why now? The transaction aims to fit into the Ghitha unit’s existing agro-commodity trading operations and its business footprint in Africa. The firm has expanded aggressively through acquisitions over the past year, as it looks to boost its downstream and midstream segments. Its acquisitions include the entirety of Mozambique’s Merec Industries, a 65.25% stake in Angola’s Angata, and 60% stake in Morocco’s Graderco. Expansions were reportedly behind the company’s revenue surge last year, with its top line climbing 49% y-o-y to AED 13.3 bn.

AllianceBernstein joins UAE’s domestic feeder funds

Global asset manager AllianceBernstein (AB) rolled out two UAE onshore feeder funds in collaboration with fund distribution platform Allfunds, according to a press release. The two funds aim to help Alliance create a wider client base of regional investors and institutions. The new UAE-domiciled structures provide local investors with access to AB’s American Income and Low Volatility Equity portfolios.

REMEMBER-Back in 2024, the Securities and Commodities Authority prohibited foreign funds and asset managers based outside of the Emirates from marketing foreign funds to retail investors in the UAE. This resulted in a wave of domestic feeder funds, which are essentially sub-funds that pool investment capital under a large umbrella, allowing retail investors to access foreign master funds. HSBC and Barjeel Geojit are among the entities that have launched onshore and feeder funds in the UAE recently.

Private equity’s return math just got tougher

The private equity industry gives the impression of a roaring comeback in 2025, with global buyout transaction value rising 44% to USD 904 bn and exit value climbing 47% to USD 717 bn, according to Bain & Company’s Global Private Equity Report 2026 (pdf). However, beneath the surface, the industry is experiencing a “K-shaped” recovery where a handful of elite funds are thriving while the broader market struggles with a severe liquidity crunch.

The rebound, however, has been uneven. The massive surge in 2025 transactions was not a broad market recovery — it was heavily concentrated. Just 13 “megadeals” valued at USD 10 bn or more accounted for 69% of the growth in transaction value last year, including the record-breaking USD 56.6 bn take-private of Electronic Arts. Outside of this elite bracket, the overall number of buyout transactions fell by 6% globally.

The industry’s most stubborn challenge is the mounting of aging, unsold assets. Private equity firms are currently sitting on roughly 32k portfolio companies representing a staggering USD 3.8 tn in unspent capital. Because firms are holding onto assets longer — an average of about seven years compared to the historic five or six — distributions back to investors have ground to a halt.

Distributions as a percentage of net asset value remained stuck at 14% last year. This marks the second-lowest level since the depths of the 2008 financial crisis, with the industry suffering four straight years of below-average distributions. The liquidity drought is directly impacted by the ability to raise new capital. Global buyout fundraising tumbled 16% last year to USD 395 bn, another fourth straight year of declines. 53% of LPs report being constrained from making new fund commitments because prior commitments have not yet been drawn down.

Easy money is over: Historically, firms relied on rock-bottom interest rates and expanding valuation multiples to generate returns. Under the old model, a firm only needed to grow a portfolio company’s EBITDA by about 5% annually to hit its return target. Today, borrowing costs sit in the %8–9% range, and purchase multiples are stubbornly flat. “Given where the interest rates and the entry and exit multiples are, you need to grow 12% each year for five years to get the same returns,” Rebecca Burack, head of global private practice at Bain, told Bloomberg, stating that “12 is the new 5.”

To achieve this aggressive 12% growth, the basis of competition has shifted. “What we’re experiencing… is a K-shaped recovery in a world where low prices, cheap debt, and easy multiple expansion are gone for the foreseeable future,” said Hugh MacArthur, chairman of Global Private Equity at Bain. Moving forward, the private equity players that attract capital will be the ones that can prove a repeatable, data-backed edge. “The [successful] firms will build systems, not slogans. They will invest in talent and AI, and move from full potential diligence to execution on Day 1,” MacArthur noted.

MARKETS THIS MORNING-

Asia-Pacific markets are a sea of green this morning, as investors expect US President Donald Trump’s speech to provide more clarity on trade policies. Korea’s Kospi is leading gains as chipmakers inch higher, with Japan’s Nikkei following closely behind. Over on Wall Street, futures are edging higher.

ADX	10,638	0.0% (YTD: +6.5%)
DFM	6,669	-0.6% (YTD: +10.3%)
Nasdaq Dubai UAE20	5,566	-0.4% (YTD: +13.9%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	3.4% o/n	3.8% 1 yr
TASI	10,906	-0.7% (YTD: +4.0%)
EGX30	50,390	-0.9% (YTD: +20.4%)
S&P 500	6,890	+0.8% (YTD: +0.7%)
FTSE 100	10,681	0.0% (YTD: +7.5%)
Euro Stoxx 50	6,117	0.0% (YTD: +5.6%)
Brent crude	USD 70.77	-1.0%
Natural gas (Nymex)	USD 2.94	+0.7%
Gold	USD 5,162	-0.3%
BTC	USD 64,069	-0.9% (YTD: -26.9%)
Chimera JP Morgan UAE Bond UCITS ETF	AED 3.71	-0.3% (YTD: -1.1%)
S&P MENA Bond & Sukuk	153.71	+0.2% (YTD: +1.2%)
VIX (Volatility Index)	19.51	-7.3% (YTD: +32.4%)

THE CLOSING BELL-

The ADX remained flat yesterday on turnover of AED 1.5 bn. The index is up 6.5% YTD.

In the green: Ins. House (+13.8%), Aram Group (+5.6%), and Gulf Medical Projects Company (+4.6%).

In the red: Sudatel Telecommunications Group Company (-3.6%), Alpha Dhabi Holding (-3.2%), and Agility Global (-2.8%).

Over on the DFM, the index fell 0.6% on turnover of AED 1.2 bn. Meanwhile, Nasdaq Dubai was down 0.4%.

UAE, Brazil leaders meet in Abu Dhabi

UAE, Brazil eye stronger trade, tech, and renewables ties: President Mohamed bin Zayed Al Nahyan met with his Brazilian counterpart Luiz Inácio Lula da Silva in Abu Dhabi during the Brazilian leader’s working visit to the UAE, state news agency Wam reports. The talks focused on ways to deepen cooperation between the two countries, with discussions covering economic, trade, and development ties, as well as advanced technology, renewable energy, space, and logistics.

The two presidents also reviewed progress in negotiations between the UAE and the Mercosur bloc — South America’s main trade bloc led by Brazil — toward a comprehensive economic partnership, which they said has entered its final stage. It was reported in September that a UAE-Mercosur agreement could be finalized within months.

CALENDAR

MARCH

19-20 March (Thursday-Friday): Eid Al Fitr, public holiday.

31 March – 2 April (Tuesday-Thursday): Arab Media Summit, Dubai.

26-28 March (Thursday-Saturday): Social Capital Conference, Dubai.

28-29 March (Saturday-Sunday): Emirates International Congress on AI & Visionary Leadership in Transforming Healthcare, Adnec Center Abu Dhabi.

30 March – 2 April (Monday-Thursday): IAAPA Middle East Exhibition and Conference, Adnec Center, Abu Dhabi.

31 March-2 April (Tuesday-Thursday): Investopia, Abu Dhabi.

APRIL

6-9 April (Monday-Thursday): Dubai AI Week, Dubai.

7-8 April (Tuesday-Wednesday): Dubai AI Festival, Dubai World Trade Center, Dubai.

7-9 April (Tuesday-Thursday): Future Health Summit, Adnec Center Abu Dhabi.

7-9 April (Tuesday-Thursday): Middle East Energy, Dubai World Trade Center, Dubai.

13-15 April (Monday-Wednesday): AIM Congress, Dubai World Trade Center.

13-15 April (Monday-Wednesday): The International Glass Manufacturing Show, Dubai.

14-16 April: (Tuesday-Thursday): International Property Show, Sheikh Zayed Rd, Dubai.

21-23 April (Tuesday-Thursday): UITP Public Transport Summit, Dubai.

29 April (Wednesday): Digital Transformation Summit, Sofitel, Abu Dhabi.

MAY

4-8 May (Wednesday-Saturday): Make It in the Emirates, Adnec Center, Abu Dhabi.

8-24 May (Saturday-Sunday): Dubai Esports and Games Festival, Dubai.

11-15 May (Monday-Friday): Dubai Future Finance Week, Dubai.

11-13 May (Monday-Wednesday): AI Everything Global, Adnec Center, Abu Dhabi.

12-14 May (Tuesday-Thursday): Airport Show, Dubai World Trade Center, Dubai.

19-20 May (Tuesday-Wednesday): Capital Market Summit, Madinat Jumeirah, Dubai.

19-22 May (Tuesday-Friday): Abu Dhabi Water and Energy Week, Adnec Center, Abu Dhabi.

20-21 May (Wednesday-Thursday): Arab Competition Forum, Dubai.

JUNE

3-4 June (Wednesday-Thursday): Annual MENA Investor Conference, Ritz-Carlton DIFC, Dubai.

15 June – 15 September (Monday-Thursday): Dubai Mallathon, Dubai.

JULY

31 July (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

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

OCTOBER

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

NOVEMBER

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

DECEMBER

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

Signposted to happen in 2026:

Investopia Global Talks, Tashkent.

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;
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;
The commissioning of the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park.

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THIS MORNING: Is Burjeel eyeing debt markets? + Tenancy contracts tick up in Dubai

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UAE graduates from EM status

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UAE overhauls pharma distribution rules

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Presight-Shorooq AI Fund deploys capital into five US- and UAE-based startups

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Etihad Airways posts its strongest full-year financials on record

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More manufacturing activity, LPG hub breaks ground, Abu Dhabi and Baku twin up, Invictus takes Africa once again, and AB launches domestic feeder funds

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Private equity’s return math just got tougher

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UAE, Brazil leaders meet in Abu Dhabi

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