Adnoc Drilling JV to invest USD 750 in oilfield tech firm next year

WHAT WE’RE TRACKING TODAY

THIS MORNING: DFM rises to 10-year high + Dubai to introduce real estate tokenization

Good morning, lovely people. We’re only five sleeps away from the new year, and we have a strong suspicion everyone is deep in “let’s circle back after the holidays” mode.

It was a quiet Christmas Day, but we have a few stories on the energy front, with Alcazar planning to set up a renewables project in Egypt next year, and Adnoc Drilling eyeing USD 750 mn worth of acquisitions in oilfield services tech firms.

It was also another good day for the DFM: Dubai’s index rose 0.6% to its highest level in over a decade during trading yesterday, before settling up 0.1% at market close. Investment platform Shuaa Capital largely contributed to the rally, surging 5.5% to its highest in three months, before settling up 1.4%, after finalizing an agreement with its senior creditor earlier this week to restructure AED 208 mn in outstanding facilities. Takaful Emarat also rallied 15%.

PLUS- Elon Musk’s xAI named state-backed investment firm MGX among the investors participating in its latest USD 6 bn series C round, according to a recent statement, which did not mention how much it invested. The latest round values the startup at USD 45 bn, with the company planning on using the funds to “further accelerate our advanced infrastructure, ship groundbreaking products that will be used by [bns] of people, and accelerate the research and development of future technologies.”

REMEMBER- MGX also invested in ChatGPT maker OpenAI’s latest USD 6.6 bn funding round as part of its mandate to accumulate over USD 100 bn in assets under management in a few years. It has also backed a major new AI infrastructure fund launched by BlackRock and Global Infrastructure Partner, joining as a general partner.

☁️WEATHER- Expect clouds and possibly rain today: Partly cloudy skies with a chance of rain are expected in eastern and northern areas today, with humid conditions overnight possibly leading to fog in inland regions. The mercury in Dubai will reach 26°C, with a low of 19°C, and will peak at 23°C in Abu Dhabi, before also dropping to 18°C, according to the National Center of Meteorology.

WATCH THIS SPACE-

#1- Dubai is planning to introduce real estate tokenization, converting real estate assets into digital tokens on a blockchain and facilitating fractional ownership, Mahmoud Al Burai, a senior adviser at the Dubai Land Department said in an interview with Arabian Gulf Business Insight at a conference last month. The tokenization project is currently in its regulatory sandbox phase, with plans to incorporate know-your-customer and anti-money laundering protocols in collaboration with the Virtual Assets Regulatory Authority, he said.

Private companies are already exploring this: Dubai-based developer Binghatti is actively exploring real estate tokenization, enabling investors to enter the market with as little as AED 500.

#2- All retail district cooling service providers must apply for a license through the Abu Dhabi Energy Department (DoE) Unified Platform by 31 January 2025, according to a new requirement from the DoE. The regulation covers entities involved in purchasing district cooling services and reselling them to end users, Wam reports.

DATA POINT-

The average hotel occupancy rate across the country climbed to 77.8% in 9M 2024, cementing its position as one of the highest globally, state news agency Wam reports. Hotel stays during the period reached around 75.5 mn nights, an 8% y-o-y increase. Revenue from hotel establishments also ticked up, hitting AED 33.5 bn, a 4% rise compared to the same period last year.

Remember- Tourism is set to contribute 12% to the UAE’s GDP this year, amounting to some AED 236 bn.

PSA-

#1- It’s now easier to get to Nad Al Sheba from Meydan: Dubai’s Roads and Transport Authority added a new entry and exit point from Meydan to the Nad Al Sheba area, reducing travel time by up to 60%, according to the Dubai Media Office.

#2- Own a superyacht? You’re now eligible for a golden visa: Abu Dhabi’s Department of Culture and Tourism has teamed up with the Abu Dhabi Investment Office (ADIO) and Yas Marina, a Miral subsidiary, to offer superyacht owners a chance to be nominated for a 10-year UAE golden visa, according to a statement. Yas Marina and ADIO will nominate private yacht owners with vessels measuring 40 meters and above for the visa under the initiative, as well as industry executives, including yacht company CEOs, shareholders, yacht service providers, and yacht ins. providers. Immediate family members of nominees are also eligible for the visa. You can find out more about the initiative here.

#3- Emirates flights to and from Baghdad and Beirut will be canceled until 15 January 2025, according to a statement from the carrier, which did not clarify the reason behind the cancellation.

THE BIG STORY ABROAD-

Two stories are dominating the front pages this morning:

#1- An Azerbaijani passenger jet crashed in Kazakhstan yesterday, killing 38 people and injuring 29 others. The flight was en route from Baku to Grozny in southern Russia when it flew miles off course, then eventually crashed on shore. While it remains unclear why the flight diverted course, Reuters explains that the flight diverted “from an area of Russia that Moscow has recently defended against Ukrainian drone attacks.” Initial investigations by Russian authorities suggest that the accident was the result of the plane colliding with birds. (Reuters | The Guardian | AP | BBC | CNN | New York Times)

#2- Over half a mn Ukrainians were left without heating, water, and electricity on Christmas day after Russia launched a missile attack targeting Ukraine’s energy infrastructure. The Ukrainian state-owned electricity transmission company restricted electricity in efforts to minimize damage to the country’s energy system. (Bloomberg | Financial Times | Reuters | New York Times | France 24)

***

You’re reading EnterpriseAM UAE, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We’re out Monday through Friday by 7am UAE time.

EnterpriseAM UAE is available without charge thanks to the generous support of our friends at Mashreq.

Were you forwarded this email? Tap or click here to get your own copy of EnterpriseAM UAE.

Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on UAE@enterpriseAM.com .

DID YOU KNOW that we also cover Egypt, Saudi Arabia, and the MENA climate and logistics industries?

***

CIRCLE YOUR CALENDAR-

The Arab Plast International Trade Fair for Plastics, Recycling, Petrochemicals, Packaging and Rubber Industry will take place between 7-9 January at the Dubai International Convention and Exhibition Center. The event will showcase advancements in the plastics and recycling sectors, with a focus on sustainable practices, circular economy, recycling technologies, and sustainable materials. The event will include networking prospects for professionals, live demonstrations of technologies and machinery, and discussions on future developments.

The International Renewable Energy Agency (IRENA) Assembly will take place between 11-13 January in Abu Dhabi. The event will gather global leaders and decision-makers to discuss the renewable energy transition and address challenges to energy security and financing. Featured in the agenda: An International Renewable Energy Agency Youth Forum, which will see interactive sessions, open dialogues, and thematic workshops for youth to contribute to renewable energy deployment and sustainable development.

The 1 Bn Followers Summit will take place between 11-13 January at Jumerirah Emirates Towers at the DIFC in Dubai. The event will feature over 250 speakers, including top content creators and industry experts. It includes workshops and discussions on technology, content strategies, and the economic impact of content creation.

The Global Government Cloud Forum will take place on 21 January at the Museum of the Future in Dubai. The forum will gather international government officials, global speakers, and leaders in government cloud technology, and will address topics such as AI, IoT, quantum computing, and sustainable cloud solutions, among others.

Intersec 2025, an event for safety, security, and fire protection, will take place between 14-16 January at the Dubai World Trade Center. The event partnered with Dubai International Financial Center digital platform Ignyte to launch an Intersec Startup Arena at the event, offering startups a platform to showcase their solutions for the sectors.

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

Alcazar could set up a 3.1 GW hybrid renewable energy station in Egypt

Alcazar goes to Egypt: UAE-based Alcazar Energy and the Egyptian government have reportedly agreed to set up a hybrid renewable energy project in Egypt’s Zafarana with some USD 2.5 bn worth of investments, two anonymous sources tell Asharq Business.

Sound familiar? The new agreement is a reformulation and activation of an MoU between Alcazar and Egypt signed last month to establish a 2 GW onshore wind farm, a source from the Egyptian government told EnterpriseAM.

The details: The project is expected to produce 2 GW of solar energy and 1.1 GW of wind energy for a total of 3.1 GW of renewable energy, with the station set to be built under a build-own-operate system, one source told Asharq Business.

Alcazar has secured usufruct rights from the Egyptian government, agreeing to provide 2% of the project’s total energy production in return. The Egyptian Electricity Transmission Company will purchase the remaining output at USD 0.02 per KW/h for solar power and USD 0.03 per KW/h for wind power for the duration of the project.

The timeline: Alcazar will wrap up project studies and financials before the end of 2025, with work on the site set to begin early 2026, the other source told the news outlet.

Adnoc Drilling JV to invest USD 750 mn in oilfield tech firm acquisitions next year

Adnoc Drilling’s JV with Alpha Dhabi, Enersol, plans to invest some USD 750 mn in acquisitions of oilfield services tech firms in 2025, using up the rest of its USD 1.5 bn budget for acquisitions, Adnoc Drilling CFO Youssef Salem told EnterpriseAM UAE. The JV acquired stakes in four firms last year, including manufacturing solutions provider NTS Amega, oil engineering firm Gordon Technologies, Deep Well Services, and EV Holdings

Adnoc Drilling expects to see its revenues grow 18% in the medium term, with plans to distribute USD 5 bn in dividends over the next five years, representing 20% of its market cap, Salem said. The company’s revenues rose 28% y-o-y to USD 2.9 bn in 9M 2024.

It’s also expanding to Kuwait and Oman, where it has been pre-qualified for operations and where the market for land rigs is three times larger than Abu Dhabi, Salem said.

The company also plans to refinance USD 2 bn in term debt in 4Q 2025 through a global syndicate of lenders, including European, American, Japanese, Middle Eastern and Chinese lenders, he added.

ADFD expands its funding of Velana airport’s development by AED 147 mn

ADFD expands its Maldivian airport funding: The Abu Dhabi Fund for Development (ADFD) will provide an additional loan of AED 147 mn to support the development of Velana International Airport in the Maldives, state news agency Wam reports. The fund provided an earlier loan of AED 183.5 mn in 2017 for the project’s initial phases.

The project aims to expand the airport to accommodate up to 26 passenger gates and a building dedicated to international flights, which can handle 7.5 mn passengers annually.

ADFD and the Maldives go back over 40 years: Since 1976, ADFD supported numerous projects in the Maldives, targeting different sectors such as transportation, energy, tourism, and housing.

The fund has been ramping up its foreign investments: The ADFD finalized a AED 92 mn loan agreement with Rwanda’s government earlier this month to enhance its local water systems. The fund also agreed to allocate AED 183.5 mn to finance the first phase of Ivory Coast’s Social Housing Program in Abidjan. Plus: it will help finance Albania’s new nationwide street surveillance system.

UAE royal joins Color Star’s board

Color Star adds UAE royal to its board: Nasdaq-listed entertainment technology company Color Star appointed His Highness Sheikh Humaid Abdulla Rashed Ahmed Almualla, a member of the UAE royal family, as an independent director on its board, according to a press release. Almualla is a key figure in the ruling family of Umm Al Quwain and a nephew of UAE President Sheikh Mohamed bin Zayed Al Nahyan.

The company expects Al Mualla’s addition to the board to open doors for investments and partnerships, particularly in AI-driven entertainment projects.

Orient Ins. expands to Saudi Arabia

INS.-

Orient Ins. sets up shop in Saudi: Al Futtaim ins. subsidiary Orient Ins. launched its operations in Saudi Arabia with the inauguration of its offices in Riyadh, Trade Arabia reports. The local team will be led by Turki Alshahrani, Orient KSA CEO. The company plans to offer general, life, medical, and motor ins., as well as reins. services to individuals, corporations, and government entities throughout the Kingdom.

We already knew this was in the works: The company was nearing the completion of its licensing process and was preparing to commence operations in Saudi Arabia in September. Orient received official authorization to establish a branch in the Kingdom in February 2020; however, the launch was delayed due to the Covid-19 pandemic. It’s also looking at expanding in life ins. in Egypt — where the company owns a General Takaful Company — as well as Australia’s Takaful market.

TECH-

South Korea’s Dareesoft to expand to UAE + GCC: South Korea’s AI-driven road hazard data provider firm Dareesoft Dareesoft plans to expand its operations in the Middle East, starting with the UAE and eyeing markets in KSA, Qatar, and Kuwait, after completing a proof of concept (PoC) for its Road Hazard Information as a Service (RiaaS) solution in Dubai, according to a press release. The PoC showcased the system’s ability to detect over 2k road hazards in real-time.

Good news for your car? Dareesoft’s RiaaS is an all-in-one solution designed to boost road safety and efficiency by identifying 12 types of hazards, such as potholes, cracks, and fallen objects, while vehicles are on the move. The AI-powered system uses an in-vehicle road analysis device to relay real-time hazards to both drivers and road managers. The solution has wide-range of applications, including road maintenance, smart city infrastructure, vehicle control systems, navigation, and ins.

INVESTMENT-

Digital assets exchange application Fasset has introduced a fractional digital gold solution to allow UAE investors to invest in gold starting as low as USD 1, the company’s co-founder and COO Daniel Ahmed told Khaleej Times.

How it works: Each ORO token that investors can buy is backed by 1 ounce of 99.99% fine gold, verified through monthly third-party audits, and securely stored with insured, blue-chip custodians like Brinks. Tokens can be redeemed for physical gold starting at USD 85 or exchanged for USD, with a one-day lock-in period for redemption. Staking options offer a forecasted annual yield of 3-4%, with lock-in periods varying by pool.

The game plan: The company plans to tokenize USD 1 bn worth of yield-bearing gold in the first year, with early access for investors expected in 1Q 2025.

REFRESHER- Fasset debuted in the UAE earlier in April after receiving a Virtual Asset Service Provider license from the Virtual Assets Regulatory Authority. Beyond crypto exchange, Fasset said it will offer tokenized commodities, stablecoins, and soon will venture into tokenized US equities, sukuk, and real estate.

Private equity returns remain subdued in 2024 as transaction drought drags on

Private equity payouts will deliver just half the value of their usual annual cash returns to investors this year, marking the third consecutive year of underperformance, driven by a slowdown in dealmaking activity, the Financial Times reports, citing industry executives. Buyout firms typically sell approximately 20% of their holdings each year, but funds have collectively underdelivered on USD 400 bn in payments to investors over the past three years, according to Cambridge Associates.

Sales are closing at discounts: A recent Goldman Sachs report said that sales often close at discounts of 10-15% below internal valuations.

The slowdown comes on the back of a challenging environment for agreements: Higher interest rates have driven up financing costs and caused corporate valuations to slide, making it difficult for firms to secure attractive transaction terms, the salmon-colored paper notes. M&As are expected to end the year with a 15% y-o-y growth to USD 3.5 tn, marking a 7% y-o-y increase in volume — falling short of earlier hopes for a bigger recovery amid hopes for lower rates and more investments from private equity players.

Recovery in 2025? Industry executives and advisors expect M&A activity to pick up pace next year, potentially helping PE firms address what Bain & Company describe as a “towering backlog” of USD 3 tn in maturing agreements requiring exits. Popular public listings in 2024 — including Lineage Logistics, Standard Aero, and Galderma — have also buoyed confidence among PE players looking to exit their investments, along with the rally on Wall Street in the past couple of months since Donald Trump’s election in the US.

Continuation funds — where assets are sold between funds managed by the same firm to facilitate exits — will be a key strategy to return capital to investors. Jefferies forecasts that these funds will account for a record USD 58 bn in PE exits this year, representing 14% of total activity, up from just 5% during the 2021 peak.

Even so, it won’t happen overnight. “There is an expectation that the wheels of the exit market will start to turn. But it doesn’t end in one year; it will take a couple of years,” Cambridge Associates’ global head of private investments, Andrea Auerbach, said.

ALSO WORTH KNOWING ON PLANET FINANCE-

US banking giants take over US market in 2024: US banks JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo generated a net income of USD 88 bn in 9M 2024, accounting for 44% of the sector’s income in the US, according to Financial Times calculations. Including US Bank, PNC, and Truist, the seven largest banks generated 56% of the sector’s income during this period, up from 48% in 2023. This marks the largest share of industry net income in the first nine months of the year in nearly a decade.

MARKETS THIS MORNING-

Asian markets are mostly up in trading, with Japan’s Nikkei and Topix gaining ahead of news of a bumper budget set to be announced for its fiscal year starting April. South Korea’s Kospi is also up, while China opened lower, and Hong Kong’s market remained closed for Boxing Day.

Wall Street futures are little changed as markets come back from the Christmas holiday, with investors holding their breath for a so-called “Santa Claus rally” to end the year on a strong note.

ADX	9,415	-0.2% (YTD: -1.7%)
DFM	5,084	+0.1% (YTD: +25.2%)
Nasdaq Dubai UAE20	4,184	+0.5% (YTD: +8.9%)
USD : AED CBUAE	Buy 3.67	Sell 3.67
EIBOR	4.2% o/n	4.4% 1 yr
TASI	11,892	-0.2% (YTD: -0.3%)
EGX30	30,005	+0.1% (YTD: +20.5%)
S&P 500	6,040	+1.1% (YTD: +26.6%)
FTSE 100	8,137	+0.4% (YTD: +5.2%)
Euro Stoxx 50	4,858	+0.1% (YTD: +7.4%)
Brent crude	USD 73.58	+1.3%
Natural gas (Nymex)	USD 3.95	+7.9%
Gold	USD 2,636	+0.3%
BTC	USD 98,535	+0.2% (YTD: +133.1%)

THE CLOSING BELL-

The ADX fell 0.2% yesterday on turnover of AED 719.2 mn. The index is down 1.7% YTD.

In the green: Commercial Bank International (+13.8%), Sharjah Cement and Industrial Development (+6.3%) and Abu Dhabi Ship Building (+4.7%).

In the red: Hayah Ins. Company (-4.4%), United Arab Bank (-3.6%) and Julphar (-2.2%).

Over on the DFM, the index rose 0.1% on turnover of AED 243.6 mn. Meanwhile, Nasdaq Dubai closed up 0.5%.

CORPORATE ACTIONS-

AD Ports Group completed the integration of its recently acquired maritime and logistics firm, Noatum Group, into its business structure, according to an ADX disclosure (pdf). Noatum’s corporate head office in Spain was incorporated into AD Ports’ business verticals. The maritime unit of Noatum will become a new business segment within Safeen Group, renamed Noatum Maritime. Meanwhile, Noatum Terminals will be integrated into Noatum Ports, overseeing AD Ports Group’s international port operations.

REMEMBER- AD Ports fully acquired Spanish logistics company Noatum back in July 2023 in a EUR 660 mn transaction as part of a wider expansion plan. Noatum is present in US, Chinese, and Southeast Asian markets. The subsidiary has since launched offices in Turkey as part of its ongoing expansion across the MENA region.

UAE, Turkey eye more cooperation + talk regional security

UAE President, Turkish FM discusses regional stability and bilateral ties: UAE President Sheikh Mohamed bin Zayed Al Nahyan met with Turkish Foreign Minister Hakan Fidan to discuss strengthening UAE-Türkiye cooperation across various sectors and address regional developments, state news agency Wam reports. The leaders emphasized the importance of preventing the expansion of regional conflicts in the Middle East.

The discussion also covered Syria, with both sides reaffirming their commitment to the country’s stability, sovereignty, and territorial integrity.

Calendar

DECEMBER

13 December – 4 January (Friday-Saturday): Liwa International Festival, Al Dhafra, Abu Dhabi.

6 December-12 January: Dubai Shopping Festival.

Signposted to happen sometime in December:

JANUARY 2025

1 January (Wednesday): ADGM to slash licensing fees for retail and non-financial firms, and hike fees for finance firms.

1 January (Wednesday): Health ins. to become mandatory for employees across the UAE.

2 January (Thursday): New price controls on basic goods to go in effect.

7-9 January (Tuesday-Thursday): The Arab Plast International Trade Fair for Plastics, Recycling, Petrochemicals, Packaging and Rubber Industry, Dubai International Convention and Exhibition Center, Dubai.

9-13 January (Thursday-Monday): International Renewable Energy Agency Youth Forum, Abu Dhabi.

11-13 January (Saturday-Monday): International Renewable Energy Agency Assembly, Abu Dhabi.

11-13 January (Saturday-Monday): The 1 Bn Followers Summit, Dubai.

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

14-16 January (Tuesday- Thursday): The Light + Intelligent Building Middle East exhibition, Dubai.

14-16 January (Tuesday- Thursday): Intersec, Dubai World Trade Center, Dubai.

14-16 January (Tuesday- Thursday): Intersec 2025, Dubai World Trade Center, Dubai.

19-24 January (Sunday-Friday): Coling 2025, Abu Dhabi.

20-22 January (Monday-Wednesday): FESPA Middle East, Dubai World Trade Centre, Dubai.

21 January (Tuesday): The Global Government Cloud Forum, the Museum of the Future, Dubai.

22-25 January (Wednesday-Saturday): The Sharjah Real Estate Exhibition (Acres), Expo Centre, Sharjah.

27-30 January (Monday-Thursday): Arab Health Exhibition, Dubai World Trade Centre, Dubai.

28-29 January (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

FEBRUARY 2025

1-6 February (Saturday-Thursday): Dubai Fashion Week, Dubai Design District.

1-8 February (Saturday-Saturday): The Mubadala Abu Dhabi Open, Zayed Sports City’s International Tennis Centre.

2-3 February (Sunday-Monday): L’Etape Dubai cycling race, Dubai.

3-6 February (Monday-Thursday): Medlab Middle East, Dubai World Trade Center.

10-12 February (Monday-Wednesday): Japan Kyoto Trade Exhibition, Dubai Word Trade Center.

16 February-1 March: Dubai Dutyfree Tennis Championships, Dubai Dutyfree Tennis Stadium in Al Garhoud.

17-21 February: International Defence Exhibition (IDEX) in Abu Dhabi National Exhibition Center.

17-21 February: Naval Defence Exhibition (NAVDEX) in Abu Dhabi National Exhibition Center.

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

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

28-29 February (Friday-Saturday): Investopia 2024, the St. Regis, Abu Dhabi.

28 February-29 March (Friday-Saturday): Ramadan.

Signposted to happen sometime in 1Q 2025:

MARCH 2025

18-19 March (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

31 March-2 April (Monday-Wednesday): Eid Al Fitr, national holiday.

APRIL 2025

6-11 April (Sunday-Friday): Geo-Spatial Week, Dubai.

7-10 April (Monday-Thursday) : EFG Hermes One on One conference, Dubai.

7-9 April (Monday-Wednesday): AIM Investment Summit, Abu Dhabi National Exhibition Center

14-16 April (Monday-Wednesday): Dubai Woodshow’s 21st Edition, Dubai World Trade Center

14-16 April (Monday-Wednesday): IPS congress, Dubai World Trade Center.

16-18 April (Wednesday-Friday): World Future Energy Summit, Abu Dhabi National Exhibition, Abu Dhabi.

21-25 April (Monday-Friday): The Dubai AI Week, Museum of the Future and Area 2071, Emirates Towers, Dubai.

25 April-11 May (Friday-Sunday): Dubai Esports and Games Festival, Dubai World Trade Center.

28 April-1 May (Monday-Thursday): The Arabian Travel Market, Dubai World Trade Center

Signposted to happen sometime in April:

MAY 2025

6-7 May (Tuesday-Wednesday): Global Ports Forum, Dubai.

6-7 May (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

15 May (Thursday): The Economy Middle East Summit, ADGM, Abu Dhabi.

19-22 May (Monday-Thursday): Make it in the Emirates, Adnec, Abu Dhabi.

26-28 May (Monday-Wednesday): Arab Media Summit, World Trade Center, Dubai.

30 May (Friday): Arafat Day.

31 May-2 June (Saturday-Monday): Eid Al Adha.

JUNE 2025

17-18 June (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

27 June (Friday): Islamic New Year.

Signposted to happen sometime in 2H 2025:

JULY 2025

29-30 July (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

SEPTEMBER 2025

8-10 September (Monday-Wednesday): DigiHealth exhibition, World Trade Center, Dubai.

16-17 September (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

24-25 September (Wednesday-Thursday): Mohammed Bin Rashid Leadership Forum, Mohammed Bin Rashid Center for Leadership Development, Dubai.

OCTOBER 2025

3-16 October (Friday-Thursday): Dubai Home Festival.

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

28-29 October (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

NOVEMBER 2025

18-19 November (Tuesday-Wednesday): Dubai Future Forum, Museum of the Future, Dubai.

DECEMBER 2025

1-3 December (Monday-Wednesday): Eid Al Etihad (UAE National Day).

1-5 December (Monday-Friday): The World Congress of Neurosurgery, Dubai World Trade Center.

9-10 December (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

Signposted to happen sometime in 2025:

Signposted to happen sometime in the fall of 2025:

Signposted to happen sometime in 2026:

Archive

Sections

About

Privacy & Support

Get EnterpriseAM daily

Good Morning