EUROPE PROBE

The European Union will review the involvement of Gulf funds in Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery. The deal, which has been partially bankrolled by $24 billion of equity finance from Saudi Arabia’s Public Investment Fund, Abu Dhabi’s L’Imad Holding Co. and the Qatar Investment Authority, will be probed under the EU’s Foreign Subsidies Regulation, Bloomberg reports. The FSR is designed to prevent firms funded by sovereign states from distorting fair competition in Europe. Paramount Skydance owns media assets across Europe and is reportedly prepared to divest some of its children’s television networks to help pass EU scrutiny. Abu Dhabi’s 11.7 billion-euro ($13.5 billion) takeover of German company Covestro via ADNOC’s XRG international investment arm faced a similar review but was ultimately cleared. 

TECH PARTNERSHIP

Fasset, a UAE-based fintech company, was selected as one of the World Economic Forum’s 2026 Technology Pioneers, a group of 100 startups recognized for developing technologies with the potential to shape business and society. Through the two-year program, Fasset will participate in WEF initiatives and discussions alongside policymakers, investors and industry leaders. The company said it is focused on expanding cross-border financial networks across Asia, Africa and the Gulf, including more than 50 banking corridors that support international money transfers.

Mubadala: The Abu Dhabi sovereign fund is preparing a bid for Restaurant Brands Europe, which manages Burger King, Popeyes and Tim Hortons across Spain and Portugal, in a deal that could value the company at between $2.3 billion to $3.5 billion, Spanish newspaper Expansión reported.

Mubadala: Abu Dhabi-based private equity firm BlueFive Capital has acquired a 49% stake in LeasePlan Emirates from global mobility company Ayvens. LeasePlan Emirates, which operates a fleet of 7,000 vehicles, is 51% owned by Mubadala subsidiary Solutions+. 

Qatar Investment Authority: The Iran war has dented prospects of surplus gas revenue that was at the center of plans for Qatar’s sovereign wealth fund to sharply step up its dealmaking following the appointment of Mohammed Al Sowaidi as CEO in late 2024, Bloomberg reports. 

Public Investment Fund: Saudi Arabia’s sovereign wealth fund said its assets climbed to about $910 billion in 2025.

Riyadh Air: Saudi Arabia’s new PIF-owned carrier launched its commercial service today with a new Boeing 787 Dreamliner taking off at 2:30 a.m. for London’s Heathrow Airport.

Temasek: Singapore’s sovereign wealth fund is attempting to create an Asian version of BlackRock by transforming its asset manager Seviora Group into one of the region’s biggest global asset managers, the Financial Times reports. Seviora opened an office in Abu Dhabi last year and has established strategic partnerships with Mubadala and Qatar’s Doha Bank.

🛎️ Hotel Deal: Dubai’s AHS Properties has acquired the Shangri-La hotel on Sheikh Zayed Road from a unit of First Abu Dhabi Bank in a deal valued at $272 million, CEO and founder Abbas Sajwani told The National.

🏖️ Property Opening: Qatar approved foreign ownership of real estate within the Simaisma Resort and Beach Project, extending residency-linked investment opportunities in one of the country’s largest tourism developments.

💳 Capital Boost: Egypt’s MNT-Halan raised $30 million in a funding round led by Al Ahly ​Capital, the ​investment arm of the National Bank of Egypt, valuing the fintech startup at $1.4 billion.

🏥 Healthcare Exit: Gulf Capital sold its stake in Eclat Health Solutions through a management buyout, marking another exit for the Abu Dhabi-based private equity firm from its healthcare services portfolio.

📦 Container Hub: Saudi Arabia’s Mawani signed a $533 million concession with Saudi Global Ports to operate a container terminal at Jubail Commercial Port.

🚢 Shipping Threats: A cargo vessel sailing near the Bab Al Mandeb strait off Yemen’s coast was attacked today, after the Iran-backed Houthis threatened to target ships linked to Israel in the Red Sea.

📈 Market Return: Investors are welcoming Bahrain’s return to international debt markets, with bankers seeing the government’s bond sale last week as a positive signal for Gulf sovereign borrowers in search of funding, International Financing Review reports.

🌍 Barreling Through: Kuwait offered additional crude cargoes to Asian buyers for the first time since the Iran war began, adding to evidence that Hormuz flows are starting to open up.

🏙️ Standing Tall: Dubai’s ability to withstand the missile attacks and other disruptions caused by the Iran war and retain its position as a commercial and logistics hub in the Gulf is the subject of a report by the New York Times.

⚽ Training Camp: The Saudi Arabia national soccer team has been using Austin, Tex., as its home base as it prepares for the World Cup.

UAE President Sheikh Mohamed bin Zayed met with the Presidential Camel Racing Team in the presence of Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, on Tuesday.

Sheikh Tahnoon bin Zayed, the UAE National Security Adviser, met with Dr. K. R. Sridhar, Chairman and CEO of Bloom Energy. The pair discussed the growing demand for energy driven by the rapid expansion of artificial intelligence.

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and UAE Deputy Prime Minister and Minister of Defense, chaired the second Defense Council meeting of 2026 on Tuesday.

Sheikh Mansoor bin Mohammed, Chairman of the Dubai Sports Council, chaired a meeting of the Council’s Board on Tuesday.

Sheikha Latifa bint Mohammed, Chairperson of the Dubai Culture and Arts Authority, met withPrincess Victoria Ingrid Alice Désirée, Crown Princess of Sweden.

Anwar Gargash, Diplomatic ⁠Adviser to ‌the UAE President, visited the Institute of the Arab World in Paris and met with the Institute’s President Anne-Claire Legendre.

Princess Victoria Ingrid Alice Désirée, Crown Princess of Sweden, met with Sheikha Latifa bint Mohammed, Chairperson of the Dubai Culture and Arts Authority, in Stockholm.

Majid Jafar, CEO of Crescent Petroleum, told an audience of senior business, finance and government leaders at the Arab Gulf States Institute’s Petro Diplomacy 2026 conference in Washington, D.C., that the disruption to the Strait of Hormuz has become a “whole-economy story” with consequences reaching far beyond energy markets.

🤫 Golden Silence: Egypt’s pavilion at the Venice Biennale is quietly captivating visitors with a solo exhibition by Egyptian artist Armen Agop. “Silence Pavilion: Between the Tangible and the Intangible,” invites guests to enter in silence and put away phones and cameras before moving through three sequential spaces designed to enhance contemplation. “I believe silence is very important for us, in general,” Agop told Arab News. “Silence is not mute.”

📷 Photo of the Day

June 10-11, Doha. Project Qatar. The international construction and building materials exhibition showcases cutting-edge innovations and sustainable solutions. Doha Exhibition and Convention Center.

June 15-18, Cairo. Africa Health Excon. An annual event that brings together leaders and policymakers in health care. AlManara International Conference Center. 

June 17-19, Rome. FII Priority Europe. Saudi Arabia’s Future Investment Initiative holds a conference focusing on European business links with the Middle East. Cavalieri, Waldorf Astoria Hotel.

June 17, Tashkent. Investopia Global-Tashkent. The UAE’s flagship investment conference lands in Uzbekistan, bringing together government and private-sector leaders to create new investment opportunities. Venue TBA.

June 23-24, Abu Dhabi. Forbes Middle East Building the Future Summit. Industry leaders, investors, architects, and innovators explore the trends and technologies shaping the next era of real estate. Conrad Etihad Towers.

June 23-25, Cairo. Big5 Construct Egypt. Exploring the latest products, innovations and technologies in the construction industry. Egypt International Exhibition Center.

June 24, Dubai. Energy & Sustainability Summit. The summit aims to drive forward the effective decarbonization of the Middle East’s construction and energy sectors, in support of Net Zero agendas, and their short- and long-term goals. Habtoor Grand Beach Resort & Spa.

DELIVERY COMPETITION

Saudi Arabia’s quick-commerce startup Ninja is considering bidding for parts of Delivery Hero’s Middle East business, including HungerStation and possibly a stake in Talabat, potentially complicating Uber’s broader takeover ambitions. The move would likely focus first on Saudi-based HungerStation due to easier integration and fewer regulatory hurdles, while other assets like Talabat could involve partnerships with additional investors, the Financial Times reports. Competition among delivery businesses in the Middle East is intensifying as DoorDash and Prosus also seek ways to influence or counter Delivery Hero’s planned asset sales. 

IPO INTERMISSION

One of Saudi Arabia’s biggest construction firms has postponed its planned IPO, which would have been the Gulf’s first major share sale this year. Mutlaq Al-Ghowairi Contracting Co. decided to delay the projected $799 million share sale because of unfavorable market conditions and will reassess timing for a future offering, Bloomberg reports. Despite the decision to delay, a Saudi stock exchange filing indicated strong investor demand that exceeded the shares on offer. Mutlaq Al-Ghowairi said it remains committed to expansion plans.

ACWA Power: The Saudi utility, backed by the Public Investment Fund, is in talks with Egypt to cooperate on seawater desalination projects.

Kuwait Petroleum Corporation: The state-owned oil company shortlisted private equity firms including BlackRock Inc.’s Global Infrastructure Partners and Brookfield Asset Management to buy a stake in a pipeline network in a deal expected to be worth about $7.5 billion, Bloomberg reports.

MGX: OpenAI, which is backed by Gulf funds including Abu Dhabi AI investment fund MGX, has filed for an IPO, joining AI rival Anthropic and SpaceX, Elon Musk’s rocket maker which owns xAI, in the race to go public.

Oman Investment Authority: Oman Future Fund, owned by OIA, will invest about $1.5 billion across sectors, including energy, industry, tech, healthcare and tourism, to boost diversification, entrepreneurship and foreign investment in Oman’s economy.

Investment Corporation of Dubai: Dubai-based ALEC Holdings, majority owned by the ICD, said its Target Engineering subsidiary won three engineering, procurement and construction contracts across the Gulf worth a combined $500 million.

Qatar Investment Authority: French insect agriculture firm Innovafeed, which runs a commercial-scale black soldier fly production facility, raised $59 million in a round backed by investors including the QIA.

✈️ Profit Squeeze: The International Air Transport Association cut its forecast for global airline profits in 2026 to $23 billion from $41 billion, as soaring fuel prices linked to the Iran conflict drive industry costs sharply higher despite strong passenger demand.

🎆 Events Boom: Dubai World Trade Center generated approximately $6.8 billion in economic output through its calendar of large-scale business events in 2025.

🚂 Freight Route: Saudi Arabia Railways has awarded a contract to a joint venture between OHL Arabia and Hassan Allam Construction Saudi to build a freight rail link in Dammam’s 2nd Industrial City, connecting more than 1,000 facilities to national logistics hubs.

📊 Containing Costs: PointFive, an Israeli startup that developed an AI cost management platform, raised $60 million in a Series B funding round.

☀️ Green Boom: Renewable energy production in Arab countries jumped nearly 36% in 2025 as major investments in solar and wind projects across the Gulf accelerated the region’s shift toward cleaner power generation.

💰 Startup Scale: Abu Dhabi’s Hub71 said startups in its ecosystem have raised more than $2.7 billion in funding and generated over $1.5 billion in revenue since it launched in 2019.

🛢️ Fill it Up: OPEC+ agreed to raise oil output by about 188,000 barrels per day in July for a fourth straight monthly increase, The Wall Street Journal reports. 

⚽ Clubs for Sale: Saudi Arabia’s Ministry of Sport and the National Center for Privatization & PPP have announced the privatization of five soccer clubs, inviting investor submissions.

Saudi Arabia’s King Salman issued a royal order on Monday to appoint or promote 212 judges at various levels within the Ministry of Justice.

Sheikh Hamdan bin Mohammed bin Rashid, Crown Prince of Dubai and UAE Deputy Prime Minister and Minister of Defense, visited on Monday Dubai International Financial Center, where he met Essa Kazim, Governor of DIFC.

Sheikh Mohammed bin Hamad bin Tahnoon, Advisor of Special Affairs to the UAE presidential Court, met with Hemant Taneja, CEO of U.S. venture capital firm General Catalyst Partners, along with Faisal Abdulaziz Al Bannai, Advisor to the UAE President for Strategic Research and Advanced Technology Affairs and Chairman of EDGE Group.

Prince Faisal bin Nawaf, Governor of Saudi Arabia’s Al-Jouf Province, met with Pakistan’s Ambassador to the Kingdom, Ahmad Farooq, in Sakaka on Monday.

Ashok Kumar was appointed Vice President for Resources and Transformation at Abu Dhabi-based private jet operator RoyalJet.

Hatem El Nawawy was appointed Executive Head of Egypt’s Export Development Authority in a decree issued by Prime Minister Mostafa Madbouly.

Salem Saeed AlShamsi, Ambassador of the UAE to Nigeria, presented his credentials to Dr. Omar Alieu Touray, President of the Commission of the Economic Community of West African States, as Permanent Representative of the UAE to the organization.

🎬 Festival Transition: Shivani Pandya Malhotra has stepped down as Managing Director of the Red Sea Film Foundation after seven years helping build the Jeddah-based event into one of the Arab world’s leading film festivals. Her successor has not yet been named, with CEO Faisal Baltyuor overseeing operations while a search takes place, Deadline reports. The sixth edition of the Red Sea International Film Festival is scheduled to take place in Jeddah from Dec. 3-12.

📷 Photo of the Day

June 10, Dubai. The Briefing: 2026 Resilience & Recovery Conference. A forum for business owners, investors, senior executives, founders and decision-makers to discuss financial resilience. JW Marriott Marquis Hotel Dubai.

June 10-11, Doha. Project Qatar. The international construction and building materials exhibition showcases cutting-edge innovations and sustainable solutions. Doha Exhibition and Convention Center.

June 15-18, Cairo. Africa Health Excon. An annual event that brings together leaders and policymakers in health care. AlManara International Conference Center. 

June 17-19, Rome: FII Priority Europe. Saudi Arabia’s Future Investment Initiative holds a conference focusing on European business links with the Middle East. Cavalieri, Waldorf Astoria Hotel.

June 17, Tashkent. Investopia Global-Tashkent. The UAE’s flagship investment conference lands in Uzbekistan, bringing together government and private-sector leaders to create new investment opportunities. Venue TBA.

June 23-24, Abu Dhabi. Forbes Middle East Building the Future Summit. Industry leaders, investors, architects, and innovators explore the trends and technologies shaping the next era of real estate. Conrad Etihad Towers.

June 23-25, Cairo. Big5 Construct Egypt. Exploring the latest products, innovations and technologies in the construction industry. Egypt International Exhibition Center.

June 24, Dubai. Energy & Sustainability Summit. The summit aims to drive forward the effective decarbonization of the Middle East’s construction and energy sectors, in support of Net Zero agendas, and their short- and long-term goals. Habtoor Grand Beach Resort & Spa.

NIPPING AT NEOM

Saudi authorities expect that canceling parts of the NEOM megaproject over the next five years will cost more than continuing to build them. Around $16 billion is budgeted for 2026–2030 to pay penalties for terminating long-term contracts tied to NEOM developments, Semafor reports. The project, once projected to exceed $1 trillion in costs, is being scaled back after years of budget pressures and missed investment targets. The retrenchment reflects broader fiscal shifts as the kingdom prioritizes defense, AI, logistics and major event-related infrastructure.

WORLD CUP WAGERS

UAE fans will soon be able to place wagers legally on FIFA World Cup soccer matches for the first time through a locally licensed operator. Play971 is preparing World Cup-focused features, including dedicated match pages, player markets, and tournament-themed games for local users. The rollout reflects the UAE’s evolving gaming framework under the General Commercial Gaming Regulatory Authority and its push to develop a regulated market. The World Cup will serve as a key test of consumer demand as the country expands licensed sports wagering and broader gaming offerings.

Mubadala: The Abu Dhabi sovereign wealth fund was named the exclusive title sponsor of the Mubadala DC Open tennis tournament through 2030

Public Investment Fund: The Saudi sovereign wealth fund signed an agreement with Egyptian realtor Talaat Moustafa Group  to explore residential, commercial, hospitality and other opportunities across PIF-owned projects in the kingdom.

ADQ: Demand for flights through its hub in Abu Dhabi is so strong that ADQ-backed Etihad Airways is expected to surpass its capacity from before the Iran war without needing to aggressively cut prices to attract passengers, the Financial Times reports.

Masdar: The Abu Dhabi-backed renewable energy company signed a 15-year purchase agreement with EDF Power Solutions North America.

ADNOC: Abu Dhabi National Oil Co. sold at least 14 million barrels of crude oil to Asian buyers via tenders despite continued regional tensions.

💰Prime Purchase: An unidentified European buyer bought a prime coastal estate on Dubai’s Naïa Island for $152.5 million, marking one of the largest and most valuable beachfront land sales in the UAE.

🛢Crude Capacity: Kuwait’s Central Agency for Public Tenders approved a $992 million contract with India’s Larsen & Toubro for the Kuwait Oil Co.’s project to develop crude oil storage facilities. 

📉 Oil Slide: Saudi Arabia reduced prices for its main crude grades across Asia, Europe, and North America for the second month in a row.

📈 Awaiting OK: Egyptian investment platform Thndr is awaiting final regulatory approvals to launch in Saudi Arabia as part of its regional expansion strategy, following its entry into the Abu Dhabi Securities Exchange market last year.

🚢 Passage to China: A liquefied natural gas shipment from Qatar transited the Strait of Hormuz en route to China, according to ship-tracking data, amid heightened regional tensions affecting U.S.–Iran relations.

💻 AI Failure: The OECD warns that a prolonged Middle East conflict could derail Gulf countries’ AI ambitions by disrupting energy, trade, and investment flows.

UAE President  Sheikh Mohamed bin Zayed issued a resolution appointing Kamal Ishaq Almaazmi as Undersecretary of the Department of Finance.

Sheikh Maktoum bin Mohammed, UAE Minister of Finance, reviewed the agency’s 2025 Annual Report that focused on government efficiency and goals for both 2031 and 2071.

Sheikha Latifa bint Mohammed bin Rashid, Chairperson of the Dubai Culture and Arts Authority, begins a visit to Sweden today, leading a high-level delegation of ministers and government officials.

Khaldoon Al Mubarak, Managing Director and Group CEO of Mubadala, and the Executive Affairs Authority, met in Washington, D.C., with U.S. Vice President JD Vance, Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, Under Secretary of State for Economic Affairs Jacob Helberg, House Speaker Mike Johnson and several other members of Congress.

Mariam bint Mohammed Almheiri, Vice Chair and Managing Director of 2PointZero Group, represented the parent company, International Holding Co., at the Adani Group’s annual Conference in Mumbai.

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, visited Belarus, where he held meetings with Prime Minister Alexander Turchin, Minister of Foreign Affairs Maxim Ryzhenkov and Minister of Economy Yuri Chebotar.

Jugal Madaan was appointed Acting CEO of Abu Dhabi National Insurance Company, replacing Charalampos Mylonas.

🎞 Crime Thriller: Saudi director Haifaa Al-Mansour’s new murder mystery, “Unidentified,” will debut this week at New York’s Tribeca Film Festival. The film stars Saudi actress Mila Al-Zahrani as a young police officer investigating the death of a woman whose body is found in the desert. Al-Mansour received funding from the Saudi Film Commission for the crime thriller, which will be distributed internationally by Sony Pictures Classics, Arab News reports.

📷 Photo of the Day

June 10, Dubai. The Briefing: 2026 Resilience & Recovery Conference. A forum for business owners, investors, senior executives, founders and decision-makers to discuss financial resilience. JW Marriott Marquis Hotel Dubai.

June 10-11, Doha. Project Qatar. The international construction and building materials exhibition showcases cutting-edge innovations and sustainable solutions. Doha Exhibition and Convention Center.

June 15-18, Cairo. Africa Health Excon. An annual event that brings together leaders and policy makers in health care. AlManara International Conference Center. 

June 17-19, Rome: FII Priority Europe. Saudi Arabia’s Future Investment Initiative holds a conference focusing on European business links with the Middle East. Cavalieri, Waldorf Astoria Hotel.

June 17, Tashkent. Investopia Global – Tashkent. The UAE’s flagship investment conference lands in Uzbekistan, bringing together leaders from government and the private sector to create new investment opportunities. Venue TBA.

June 23-24, Abu Dhabi. Forbes Middle East Building the Future Summit. Industry leaders, investors, architects, and innovators explore the trends and technologies shaping the next era of real estate. Conrad Etihad Towers.

June 24, Dubai. Energy & Sustainability Summit. The summit aims to drive forward the effective decarbonization of the Middle East’s construction and energy sectors, in support of Net Zero agendas, and their short- and long-term goals. Habtoor Grand Beach Resort & Spa.

June 23-25, Cairo. Big5 Construct Egypt. Exploring the latest products, innovations and technologies in the construction industry. Egypt International Exhibition Center.

June 30-July 1, Berlin. GITEX Europe. One of the world’s biggest gathering of tech companies. Messe Berlin.

LIBYAN WINDFALL

Iran’s chokehold over the Strait of Hormuz is providing a bounty for Libya’s oil and gas industry. As Gulf producers scramble to find alternative channels for export, international oil companies have turned to Libya, which has the largest reserves in Africa, and can deliver to Europe and North America from its unobstructed Mediterranean ports, Arabian Gulf Business Insight reports. Most recently, Oman’s state-run oil company, OQE, signed a deal to explore the country’s energy resources. Several other oil companies have returned to Libya after a 15-year hiatus stemming from political instability, including Eni, BP, TotalEnergies, Repsol, OMV, and Chevron.

AIR TURBULENCE

Emirates, Qatar Airways and other Gulf airlines will be prominent this weekend in discussions about the impact of the Iran conflict at the International Air Transport Association’s summit in Rio de Janeiro. Representing 370 carriers, the IATA will likely be focused on surging wartime oil prices, along with aircraft delivery delays, at the June 6-8 conference, the industry’s largest, Reuters reports. The Gulf carriers have been hit particularly hard because many of their flights pass through Middle East airspace. Industry officials say longer routes and higher fuel bills are adding pressure even as passenger demand remains strong.

AD Ports: Safeen Drydocks, a joint venture between AD Ports Group and Premier Marine Engineering, won two major vessel construction contracts valued at $354 million.

ACWA Power: Saudi Arabia’s renewable energy company ACWA Power has leased land in the Philippines to build a 500-megawatt solar plant in New Clark City, a special economic zone north of Manila.

Mubadala: Hafeet Rail, a joint venture between Etihad Rail, Oman Rail, and Mubadala, has begun laying track on the UAE–Oman railway project.

💦 Blue Maker: UAE’s biggest lender FAB said it invested in the WaterEquity Everspring Fund, which is focused on expanding access to safe water and sanitation across emerging markets.

🤝 Rising Partner: South African investment in Dubai has risen to over $294 million over the past five years, spanning industries including information technology, pharmaceuticals and food. 

🛢 Work Delay: Oman’s Mina al Fahal terminal has resumed oil loading after a temporary suspension imposed after an explosion near its mooring berths, Bloomberg reports.

🛍️ Still Afloat: Middle Eastern consumers are spending heavily as usual despite the ongoing war, but they are seeking better bargains, NielsenIQ found in a survey.

🚓 Policing Syria: Syria has established a Tourism Police unit responsible for ensuring the safety and security of visitors, Tourism Minister Mazen Al Salhani told The National. 

🫶 Helping Hands: Dubai launched the “SME in a Box” program to help small and medium businesses start faster and more affordably by providing integrated access to licensing, banking, payments, logistics, and telecommunications.

Saudi Crown Prince Mohammed bin Salman held a phone call on Wednesday with Bahrain’s King Hamad bin Isa Al Khalifa.

Princess Reema bint Bandar Al Saud, Saudi Arabia’s Ambassador to the U.S., will participate in the annual Seminar 2026, an event featuring the highest-ranking communications and public affairs executives, to be held in Arizona on June 7-9.

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defense, attended the graduation ceremony of the 13th cohort of the National Defense College in Abu Dhabi.

Badr Abdelatty, Egypt’s Foreign Minister, tells Reuters that the country is close to issuing $500 million of Samurai bonds on the Japanese market this year.

Saqr Ghobash, UAE Speaker of the Federal National Council, met with Serbian Prime Minister Đuro Macut during a visit to Belgrade.

Koen van Erp was appointed to lead EMEA Alliances and Channels at Cloudera, the hybrid data and AI platform company.

🍴 Foodie Fallout: The Michelin Guide’s Dubai edition needs more time to stage its annual awards ceremony because of the Iran conflict. The restaurant lovers’ bible issued a statement on Thursday saying present conditions “call for resilience and adaptability,” Arabian Gulf Business Insight reports. Michelin said the coveted prizes will be awarded to Dubai’s best restaurants in an event to be scheduled for an unspecified later date.

📷 Photo of the Day

June 5-7, Dubai. Dubai Esports & Games Festival. The three-week event concludes this weekend with GameExpo26. Dubai World Trade Center. 

June 10-11, Doha. Project Qatar. The international construction and building materials exhibition showcases cutting-edge innovations and sustainable solutions. Doha Exhibition and Convention Center.

June 15-18, Cairo. Africa Health Excon. An annual event that brings together leaders and policy makers in health care. AlManara International Conference Center. 

June 17-19, Rome: FII Priority Europe. Saudi Arabia’s Future Investment Initiative holds a conference focusing on European business links with the Middle East. Cavalieri, Waldorf Astoria Hotel.

June 17, Tashkent. Investopia Global – Tashkent. The UAE’s flagship investment conference lands in Uzbekistan, bringing together leaders from government and the private sector to create new investment opportunities. Venue TBA.

June 23-24, Abu Dhabi. Forbes Middle East Building the Future Summit. Industry leaders, investors, architects, and innovators explore the trends and technologies shaping the next era of real estate. Conrad Etihad Towers.

June 24, Dubai. Energy & Sustainability Summit. The summit aims to drive forward the effective decarbonization of the Middle East’s construction and energy sectors, in support of Net Zero agendas, and their short- and long-term goals. Habtoor Grand Beach Resort & Spa.

June 23-25, Cairo. Big5 Construct Egypt. Exploring the latest products, innovations and technologies in the construction industry. Egypt International Exhibition Center.

June 30-July 1, Berlin. GITEX Europe. One of the world’s biggest gathering of tech companies. Messe Berlin.