ARABIC INTELLIGENCE

Saudi Arabia’s PIF-backed Humain launched Humain-M3, an Arabic-language AI model built on technology from China’s MiniMax. The company said the model outperformed rivals across seven public Arabic benchmarks. Humain commissioned the model to address the underrepresentation of Arabic in advanced AI systems. Developers and businesses can access it through the company’s Humain Node platform.

SERVER SURGE

Middle East data-center investment is projected to grow faster than in anywhere else in the world, reaching a cumulative $1.1 trillion by 2050, according to PwC. Spending is expected to rise from $18 billion in 2025 to $69 billion annually by mid-century, Arab News reports. Saudi Arabia and the UAE are leading the expansion as both countries pour money into artificial intelligence and cloud infrastructure. PwC said the boom could turn the region into a major global hub for computing capacity.

Public Investment Fund: Humain plans to raise an initial $2.5 billion from domestic and global investors to finance 250 megawatts of Saudi data-center capacity that could eventually grow to 1 gigawatt, Bloomberg reports.

Oman Investment Authority: The sovereign wealth fund is increasingly assessing investments on their “Omani dimension.” President Abdulsalam bin Mohammed al Murshidi said the assessment will made accord to the contribution to economic diversification, local businesses, jobs, technology transfer and the government’s Oman Vision 2040 plan.

ADNOC: The UAE’s national oil company will continue exporting LNG from its Das Island processing facilities despite hostilities with Iran in the Strait of Hormuz, Bloomberg reports. 

L’Imad Holding: Etihad Airways and China’s ROX have signed an agreement to explore collaboration around ROX’s Africa Grand Tour S2 car race, including vehicle branding and tourism marketing.

💧 Water Works: Saudi Arabia signed three agreements and inaugurated two factories as part of a $747 million drive to manufacture water-industry equipment domestically.

📈 Raising Cash: Egypt’s Cabinet approved a plan to issue up to $3 billion in international bonds to bridge funding gaps and diversify financing.

🛞 Tire Track: Egypt has signed a $2 billion deal with China’s Shandong Linglong Tyre Co. to build a tire manufacturing complex expected to create more than 5,000 jobs.

☢️ Nuclear Limits: The Trump administration’s civilian nuclear agreement with Saudi Arabia could eventually allow the kingdom to enrich uranium to nearly 20%, fueling criticism in Congress over proliferation risks, The Wall Street Journal reports. 

🤝 French Ties: France’s effort to strengthen relations with Saudi Arabia and the UAE reflects the Gulf countries’ growing economic influence and efforts to diversify partnerships beyond Washington, Bloomberg reports.

₿  Crypto Gateway: Standard Chartered has launched institutional spot trading of bitcoin and ether in the UAE, becoming the first major global bank in the GCC to offer the service.

📈 Economic Strength: Egypt’s GDP growth accelerated to 5.1%, driven by a recovery in Suez Canal activity, stronger refining and non-oil industrial output and growth in telecommunications.

Oman’s Sultan Haitham bin Tariq will be hosted by King Charles and Queen Camilla at Windsor Castle on a state visit to the U.K. next month, Buckingham Palace announced.

Sheikh Mohammed bin Rashid, Vice President, Prime Minister, and Ruler of Dubai, held a gathering  on Thursday with senior officials including Sheikh Ahmed bin Mohammed bin Rashid, Second Deputy Ruler of Dubai;  Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline; and Sheikha Latifa bint Mohammed bin Rashid, Chairperson of the Dubai Culture and Arts Authority.

Sheikh Hazza bin Zayed Al Nahyan, the Ruler’s Representative in the Al Ain region, toured the Abu Dhabi International Hunting and Equestrian Exhibition this week, remarking on how the event reflects the UAE’s national values.

Badr Albusaidi, Foreign Minister of Oman, writes in the Financial Times about Oman’s diplomacy over the past few months, adding that states must uphold international law and resolve disputes through diplomacy.

Mark Ring, Group Director of Middle East Energy, said AI and data-center growth is driving demand for flexible generation, energy storage, critical power and smart energy management, with the UAE playing a key role in the global energy sector.

Hassan El-Houry, CEO of airport ground handler Menzies Aviation, told The National that they are planning expansion in the Gulf and U.S.

Ebrahim Al Hajri, President of Khalifa University of Science and Technology, was interviewed by CNN about research labs, innovation hubs and the startups driving Abu Dhabi’s future.  

Ghazi Al Anzi presented his credentials as Saudi Arabia’s Ambassador to Syria to Syrian Foreign MinisterAsaad Hassan Al-Shaibani. 

Jennifer Li, WeRide’s Head of International and Chief Financial Officer, told Arabian Gulf Business Insight the company plans to have between 7,000 and 10,000 autonomous taxis in Saudi Arabia by the end of the decade.

📖 Living History: AlUla’s modern-day rawis – guides trained to recount the ancient Saudi oasis’s history through oral storytelling – are featured this month in a photography exhibition at UNESCO headquarters in Paris. The exhibition highlights a UNESCO-AlUla initiative to create a “Live Museum” built around conversation and storytelling, Arab News reports.

📷 Photo of the Day

Sept. 7-8, Abu Dhabi. Hili Forum. The event brings policymakers and leading experts to examine the future of regional security, trade and energy corridors and technology. The St. Regis Saadiyat Island Resort.

Sept. 7-8, Dubai. World ESG Summit. Bringing together global leaders, policymakers, investors and experts on environmental, social and governance matters. Metropolitan Hotel.

Sept. 7-9, Dubai. AIM Congress. The global investment platform’s annual meeting brings together investors, governments, businesses and policymakers. Dubai World Trade Centre.

Sept. 11-13, Abu Dhabi. Middle East Film & Comic Con. Featuring some of the world’s biggest brands in film, TV, sci-fi, animation, manga, comics and collectibles. ADNEC Centre.

Sept. 13-18, Abu Dhabi. Abu Dhabi International Book Fair. Fostering collaboration between regional publishing sectors and creative industries. ADNEC Centre.

Sept. 14-16, Riyadh. Money20/20. The event brings together banks, Big tech, fintechs, regulators, startups and investors. Riyadh Exhibition & Convention Center. 

Sept. 14-16, Riyadh. UNESCO Global Forum on the Ethics of AI. The event will bring policymakers and tech leaders together to examine AI’s impact on global governance, diplomacy, national security and the emerging technological divide. Location to be announced.

Sept. 14-17, Bangkok. Gastech. The global energy event brings together global energy leaders, policymakers and industry experts to explore natural gas, LNG, hydrogen, low-carbon solutions, electrification and AI. Bangkok International Trade & Exhibition Centre.

Sept. 14-17, Dubai. Arabian Travel Market. The flagship global travel trade show, which was postponed in May, returns, bringing 55,000+ travel professionals, 2,800+ exhibitors and representatives from 166 countries. Dubai World Trade Centre.

Sept. 15-17, Dubai. Arab Media Forum. The region’s largest media gathering, organized by the Dubai Press Club. Dubai World Trade Centre.

Sept. 16-18, Dubai. GISEC Global. MENA’s largest cybersecurity event brings together governments, CISOs, technology companies and cybersecurity experts to explore emerging threats, AI security, and other technologies. Dubai Exhibition Centre. 

Sept. 17-19, Abu Dhabi. International Real Estate & Investment Show 2026. An event targeting investors and consumers rather than trade visitors. ADNEC Centre.

Sept. 20, New York. Qatar Economic Forum. The forum will host a special leadership gathering alongside the 2026 U.N. General Assembly in New York, bringing together global leaders to explore capital, risk and resilience in a volatile global economy.

Sept. 28-Oct. 1, Singapore. SuperReturn Asia. The region’s premier private capital gathering. Marina Bay Sands Convention Centre.

Sept. 29-Oct. 1, Abu Dhabi. LIVEX 2026. Abu Dhabi’s inaugural Livability and Investment Exhibition. ADNEC Centre.

Oct. 6-7, Abu Dhabi. Ai Everything. The AI forum brings together policymakers, innovators and business leaders. ADNEC Centre.

Oct. 7-9, Singapore. Milken Institute Asia Summit. Bringing together a global community of influential leaders shaping the next era of intelligence, collaboration and growth. Four Seasons Hotel.

Oct. 21, 22, 24, Riyadh. Six Kings Slam. World No. 1 Jannik Sinner will defend his Six Kings Slam title when the tennis exhibition tournament returns, to be streamed globally on Netflix. ANB Arena.

Oct. 26-29, Riyadh. Future Investment Initiative. Saudi Arabia’s keystone annual business conference, sponsored by the Public Investment Fund. King Abdulaziz International Conference Center. 

CAPITAL QUEST

Abu Dhabi’s G42 is exploring a multibillion-dollar fundraising round from outside investors. Talks are preliminary, and no decisions have been made on the size or structure, Bloomberg reports. The AI firm is already backed by Mubadala, Microsoft and Silver Lake. New capital could help finance its cloud, data-center and AI expansion, including a 5-gigawatt UAE-U.S. campus in Abu Dhabi. MGX, an investment vehicle backed by G42 and Mubadala, said in July that it raised $49 billion for a fund dedicated to AI deals.

LEBANON AUDIT

Lebanon has hired Alvarez & Marsal to examine more than four years of transactions at its central bank. The audit will cover October 2019 through 2023, including foreign assets, public-sector transfers and subsidies for fuel and other goods, Reuters reports. A previous audit by the consulting firm found misconduct under former central bank chief Riad Salameh, who denies allegations of financial crimes. Lebanon’s banking system collapsed in 2019, locking depositors out of their savings, while its fuel subsidies later cost the government about $3 billion a year.

Public Investment Fund: Humain, the AI company owned by the Saudi sovereign wealth fund, plans to launch a new venture capital fund later this year, CEO Tareq Amin told Semafor. Meanwhile, Humain and Advanced Micro Devices announced that they plan to invest as much as $10 billion over the next five years in AI infrastructure across the kingdom and the U.S.

Aramco: Kuwait-founded COFE Tech secured funding from Saudi Aramco’s Wa’ed Ventures and other investors at a $178 million valuation ahead of its planned IPO, expanding its enterprise AI and B2B SaaS business across the GCC.

Qatar Investment Authority: The QIA said it has committed $40 billion in new U.S. investments since the start of the Iran war, while continuing to identify opportunities and adjust its portfolio.

Kuwait Investment Authority: Kuwait will allow the government to borrow from the KIA’s Future Generations Fund to bolster public finances amid the economic fallout from the U.S. war with Iran.

💳 Amex Exit: The Saudi Investment Bank agreed to sell its 50% stake in American Express Saudi Arabia to joint-venture partner Amex Middle East for $381.4 million in cash, making Amex Middle East the company’s sole owner.

🛢️ Oil Investment: Egypt plans to invest $4.5 billion to upgrade existing oil refineries and build new units to boost capacity and reduce reliance on imported refined fuel.

🤖 AI Tools: Dutch-Israeli startup Wonderful raised $550 million at a $5 billion valuation to expand its platform for installing AI tools in large companies and boost its workforce from 650 to more than 1,000 employees, The Wall Street Journal reports.

🏫 School Test: The reopening of Dubai’s international schools for the academic year is being seen as a test of the emirate’s ability to retain and attract affluent expatriate families after the U.S.-Iran war, the Financial Times reports.

🏭 Saudi Lenovo: Lenovo plans to begin commercial production later this year at its new Riyadh factory, its largest outside China and the first to make laptops, desktops, servers and Motorola smartphones at one site.

🎨 Broker Brawl: Dubai Sotheby’s International Realty is being sued by Luxhabitat, which alleges the broker diverted and underreported revenue to avoid paying its contractual share, Bloomberg reports. 

🚛 Desert Detour: Some 5,000 tanker trucks a day are carrying Iraqi oil across Syria to the Mediterranean, testing a route that could bypass the Strait of Hormuz and lay the groundwork for a proposed Chevron-led pipeline, the Washington Post reports.

🚢 Stalled Port: War with Iran has stifled business at Dubai’s Jebel Ali port, highlighting its dependence on shipping through the Strait of Hormuz, the Financial Times reports.

UAE President Sheikh Mohamed bin Zayed held a phone call with U.S. President Donald Trump on Wednesday that focused on “developments in the Middle East and ongoing efforts to address them,” the Emirates News Agency reports.

Sheikh Mohamed sent a written invitation to Qatar’s Emir Sheikh Tamim Bin Hamad to participate in the 2026 U.N. Water Conference that will be held in Abu Dhabi in December.

Sheikh Tamim received a message from Uzbek President Shavkat Mirziyoyev, delivered by his daughter and presidential administration chief Saida Mirziyoyeva during a meeting at Qatar’s Lusail Palace.

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, told the cabinet in Abu Dhabi that the government must maintain the UAE’s pace of development while strengthening its professional systems, infrastructure and international relationships.

Sheikh Tahnoon bin Zayed, the UAE National Security Adviser, met with White House Envoy Steve Witkoff last weekend to discuss next steps on Iran, Axios reports.

Sheikh Khaled bin Mohamed bin Zayed, Crown Prince of Abu Dhabi, met with Lisa Su, Chair and CEO of Advanced Micro Devices, to discuss, avenues for collaboration in AI, high-performance computing, cloud computing and data center infrastructure

Sheikh Mohammed bin Abdulrahman, Qatar’s Foreign Minister, held a phone call with Egypt’s Foreign Minister Badr Abdelatty on Wednesday to discuss regional developments.

Sheikh Nahyan bin Zayed, President of the Zayed Al-Khair Foundation and Chairman of the Abu Dhabi Sports Council,  attended the inauguration of China’s ROX electric vehicle factory in Abu Dhabi.

Mohammed Al-Jadaan, the Saudi Finance Minister, urged G20 countries to protect against future economic shocks by diversifying production, maintaining adequate inventories and building spare infrastructure capacity, speaking on Wednesday at the meeting of G20 Finance Ministers and Central Bank Governors in Asheville, North Carolina.

Lana Zaki Nusseibeh, UAE Minister of State, received a copy of the credentials of Geraldine McCafferty, Ambassador of the United Kingdom of Great Britain and Northern Ireland to the UAE.

Ayman AlGhamdi, President of Microsoft Arabia, said the company’s new Saudi data center region will spur investment and hiring by enabling hundreds of international software firms to launch locally hosted services.

Joseph Olasunkanmi Tegbe, Nigeria’s Minister of Power, said his country is discussing proposals with the UAE to strengthen electricity generation capacity.

Noor Sweid, Founder and Managing Partner at Dubai-based Global Ventures, wrote on Substack that even if inflation has slowed, prices remain painfully high. She asks what it would cost “to buy back the life you had ten years ago.”

🏙️ Urban Traces: Kuwaiti artist and architect Hamad Almuzaini is turning cracked sidewalks, abandoned maintenance equipment and other overlooked features of Kuwait City into art. His first solo exhibition, “Precarious Beings,” uses photographs, drawings and sculpture to examine the unplanned marks people leave on a city, Gulf News reports. The show runs through Oct. 11 at the Tashkeel art center in Dubai.

📷 Photo of the Day

Aug. 28-Sept. 6, Abu Dhabi. Abu Dhabi International Hunting and Equestrian Exhibition. An annual event celebrating traditional Emirati heritage and culture. ADNEC Centre.

Aug. 30-Sept. 2, Riyadh. Big 5 Construct Saudi. The event connects construction industry stakeholders with suppliers in Saudi Arabia. Riyadh Front Exhibition & Conference Center.

Aug. 31-Sept. 3, Riyadh. LEAP Expo Riyadh. A major tech trade show for the Middle East, which includes a global startup live pitch event. Riyadh Exhibition & Convention Center.

Sept. 1-3, Dubai. Middle East Energy. A three-day exhibition in Dubai brings together utilities, developers, manufacturers and industry professionals. Dubai World Trade Centre.

Sept. 1-3, Doha. Qatar Event Show. Brings together the events industry through a three-day program featuring exhibitions, conferences, workshops and networking opportunities. Doha Exhibition & Convention Center.

Sept. 7-8, Abu Dhabi. Hili Forum. The event brings policymakers and leading experts to examine the future of regional security, trade and energy corridors and technology. The St. Regis Saadiyat Island Resort.

Sept. 7-9, Dubai. AIM Congress. The global investment platform’s annual meeting brings together investors, governments, businesses and policymakers. Dubai World Trade Centre.

Sept. 11-13, Abu Dhabi. Middle East Film & Comic Con. Featuring some of the world’s biggest brands in film, TV, sci-fi, animation, manga, comics and collectibles. ADNEC Centre.

Sept. 13-18, Abu Dhabi. Abu Dhabi International Book Fair. Fostering collaboration between regional publishing sectors and creative industries. ADNEC Centre.

Sept. 14-16, Riyadh. Money20/20. The event brings together banks, Big tech, fintechs, regulators, startups and investors. Riyadh Exhibition & Convention Center. 

Sept. 14-17, Bangkok. Gastech. The global energy event brings together global energy leaders, policymakers and industry experts to explore natural gas, LNG, hydrogen, low-carbon solutions, electrification and AI. Bangkok International Trade & Exhibition Centre.

Sept. 14-17, Dubai. Arabian Travel Market. The flagship global travel trade show, which was postponed in May, returns, bringing 55,000+ travel professionals, 2,800+ exhibitors and representatives from 166 countries. Dubai World Trade Centre.

Sept. 15-17, Dubai. Arab Media Forum. The region’s largest media gathering, organized by the Dubai Press Club. Dubai World Trade Centre.

Sept. 16-18, Dubai. GISEC Global. MENA’s largest cybersecurity event brings together governments, CISOs, technology companies and cybersecurity experts to explore emerging threats, AI security, and other technologies. Dubai Exhibition Centre. 

Sept. 17-19, Abu Dhabi. International Real Estate & Investment Show 2026. An event targeting investors and consumers rather than trade visitors. ADNEC Centre.

Sept. 20, New York. Qatar Economic Forum. The forum will host a special leadership gathering alongside the 2026 U.N. General Assembly in New York, bringing together global leaders to explore capital, risk and resilience in a volatile global economy.

Sept. 28-Oct. 1, Singapore. SuperReturn Asia. The region’s premier private capital gathering. Marina Bay Sands Convention Centre.

Sept. 29-Oct. 1, Abu Dhabi. LIVEX 2026. Abu Dhabi’s inaugural Livability and Investment Exhibition. ADNEC Centre.

Oct. 6-7, Abu Dhabi. Ai Everything. The AI forum brings together policymakers, innovators and business leaders. ADNEC Centre.

Oct. 7-9, Singapore. Milken Institute Asia Summit. Bringing together a global community of influential leaders shaping the next era of intelligence, collaboration and growth. Four Seasons Hotel.

Oct. 21, 22, 24, Riyadh. Six Kings Slam. World No. 1 Jannik Sinner will defend his Six Kings Slam title when the tennis exhibition tournament returns, to be streamed globally on Netflix. ANB Arena.

Oct. 26-29, Riyadh. Future Investment Initiative. Saudi Arabia’s keystone annual business conference, sponsored by the Public Investment Fund. King Abdulaziz International Conference Center. 

AI ALLIANCE

Jared Kushner’s artificial intelligence startup, Brain Co., is teaming up with Saudi Arabia’s Humain company to develop business applications for AI. The companies announced on Tuesday they will join Humain’s computing infrastructure and AI models with Brain Co.’s technology to build tools for Saudi businesses and government agencies. Humain is owned by Saudi Arabia’s Public Investment Fund. Kushner co-founded Brain Co. with technology investor Elad Gil, incubating the startup through his investment firm, Affinity Partners. Brain Co. emerged from stealth last year after raising $30 million in a funding round co-led by Affinity and Gil Capital.

CHINA CONNECTION

Chinese President Xi Jinping landed in Egypt on Tuesday, where President Abdel Fattah el-Sissi greeted him with a red-carpet ceremony at Cairo’s airport. The visit comes as China expands its role in Egypt’s economy through its Belt and Road program, including projects in the Suez Canal Economic Zone and Cairo’s New Administrative Capital. China has invested more than $10 billion in Egypt, while trade between the countries has grown to about $20 billion a year. Xi, making his first visit to Egypt in a decade, also plans to tour the Grand Egyptian Museum near the pyramids of Giza.

Public Investment Fund: PIF-owned Humain said it has begun construction with Riyadh-based DataVolt on a data center at Neom’s Oxagon development. 

Kingdom Holding: Saudi Arabia’s Kingdom Holding said it has completed its acquisition of a 70% stake in Al Hilal football club from the PIF for $224 million.

Abu Dhabi Investment Council: The $160 billion fund hired Lori Hall-Kimm, outgoing Head of Global Private Equity for the Healthcare of Ontario Pension Plan, as Chief Investment Officer for its private equity business, Bloomberg reports.

Qatar Investment Authority: Lesha Bank, in which QIA is a partner, has acquired equity interests in a $1 billion aviation asset-backed securities portfolio of 18 aircraft leased to nine airlines across eight countries.

💵 Export East: Egypt’s exports to China tripled to nearly $840 million in the first half of 2026 after Beijing removed tariffs on Egyptian goods.

⛽ Gas Production: BP has brought Egypt’s Fayoum 4 gas well online two years ahead of schedule, adding an estimated 80 million cubic feet per day as Cairo seeks to boost domestic output and reduce costly LNG imports.

📈 Investment Commitment: Saudi Arabia’s Vision Invest and Africa Finance Corporation have committed $300 million to invest in Mauritius-based WIOCC Group.

🪖 Military Business: The U.S. State Department approved Iraq’s request for an $800 million package of Bell 412EPX utility and Bell 407M tactical helicopters, along with machine guns, rocket launchers, equipment and services.

🛫 Cargo Comeback: Oman Air plans to rebuild its dedicated freighter operation through partnerships and block-space agreements, taking a lower-risk approach after selling its sole cargo aircraft in 2025, its head of cargo, Mike Duggan, told Arabian Gulf Business Insight.

🚧 Local Supply: Saudi Arabia is sourcing more pipes, cabling and concrete locally for Expo 2030 Riyadh to shield the project from war-related supply chain disruptions, according to Bechtel delivery director Kevin Beaver.

🌐 Cloud Migration: Accenture has signed a six-year agreement with Amazon Web Services to help Middle Eastern businesses and governments modernize legacy systems, migrate to the cloud and deploy AI.

🏢 New Bureau: Swiss hedge fund ADAPT Investment Managers, which manages $2 billion, has opened its fourth office in Abu Dhabi, joining a growing number of financial firms expanding in the emirate despite regional conflict.

UAE President Sheikh Mohamed bin Zayed met with Masrour Barzani, Prime Minister of the Kurdistan Region of Iraq, in the presence of Sheikh Mohammed bin Rashid, Vice President, Prime Minister and Ruler of Dubai.

Sheikh Mohamed and Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of the northern emirate of Ras Al Khaimah, met with Sheikh Mohammed bin Butti on the passing of his wife.

Sheikh Hamdan bin Mohammed bin Rashid, Crown Prince of Dubai and the UAE’s Deputy Prime Minister and Defense Minister, directed Dubai Future Week to be held from Nov. 18 to 21.

Sheikh Dr. Sultan bin Mohammed Al Qasimi, Ruler of Sharjah, has directed that Sudanese students continue receiving free education at Sudan Private School in Sharjah.

Anas Sarwar, the U.K.’s new Minister of State for Trade, told The National that the government is ready to sign an agreement with the Gulf Cooperation Council and begin preparatory work towards a deeper bilateral agreement with the UAE.

Lana Zaki Nusseibeh, UAE Minister of State, received a copy of the credentials of Marie Audouard, Ambassador Extraordinary and Plenipotentiary of France to the UAE.

Ahmad Jaradat was appointed Head of Personal Banking at Jordan Ahli Bank, joining the management team with more than 25 years of experience in branch management, retail banking, and business development.

🤼 Weighty Competition: Professional sumo wrestling is coming to the UAE for the first time, with nine elite wrestlers competing in 36 round-robin bouts at Abu Dhabi’s Space42 Arena on Sept. 26. The lineup includes Japan’s Ichi, a winner of the Emperor’s Cup; Hiroki, billed as the world’s heaviest sumo champion; and Ramy El-Gazar of Egypt, a 10-time national champion, Gulf News reports. The evening will also feature traditional wrestler introductions and Japanese taiko drumming, along with themed food stalls and photo opportunities.

📷 Photo of the Day

Aug. 28-Sept. 6, Abu Dhabi. Abu Dhabi International Hunting and Equestrian Exhibition. An annual event celebrating traditional Emirati heritage and culture. ADNEC Centre.

Aug. 30-Sept. 2, Riyadh. Big 5 Construct Saudi. The event connects construction industry stakeholders with suppliers in Saudi Arabia. Riyadh Front Exhibition & Conference Center.

Aug. 31-Sept. 3, Riyadh. LEAP Expo Riyadh. A major tech trade show for the Middle East, which includes a global startup live pitch event. Riyadh Exhibition & Convention Center.

Sept. 1-3, Dubai. Middle East Energy. A three-day exhibition in Dubai brings together utilities, developers, manufacturers and industry professionals. Dubai World Trade Centre.

Sept. 1-3, Doha. Qatar Event Show. Brings together the events industry through a three-day program featuring exhibitions, conferences, workshops and networking opportunities. Doha Exhibition & Convention Center.

Sept. 7-8, Abu Dhabi. Hili Forum. The event brings policymakers and leading experts to examine the future of regional security, trade and energy corridors and technology. The St. Regis Saadiyat Island Resort.

Sept. 7-9, Dubai. AIM Congress. The global investment platform’s annual meeting brings together investors, governments, businesses and policymakers. Dubai World Trade Centre.

Sept. 11-13, Abu Dhabi. Middle East Film & Comic Con. Featuring some of the world’s biggest brands in film, TV, sci-fi, animation, manga, comics and collectibles. ADNEC Centre.

Sept. 13-18, Abu Dhabi. Abu Dhabi International Book Fair. Fostering collaboration between regional publishing sectors and creative industries. ADNEC Centre.

Sept. 14-16, Riyadh. Money20/20. The event brings together banks, Big tech, fintechs, regulators, startups and investors. Riyadh Exhibition & Convention Center. 

Sept. 14-17, Bangkok. Gastech. The global energy event brings together global energy leaders, policymakers and industry experts to explore natural gas, LNG, hydrogen, low-carbon solutions, electrification and AI. Bangkok International Trade & Exhibition Centre.

Sept. 14-17, Dubai. Arabian Travel Market. The flagship global travel trade show, which was postponed in May, returns, bringing 55,000+ travel professionals, 2,800+ exhibitors and representatives from 166 countries. Dubai World Trade Centre.

Sept. 15-17, Dubai. Arab Media Forum. The region’s largest media gathering, organized by the Dubai Press Club. Dubai World Trade Centre.

Sept. 16-18, Dubai. GISEC Global. MENA’s largest cybersecurity event brings together governments, CISOs, technology companies and cybersecurity experts to explore emerging threats, AI security, and other technologies. Dubai Exhibition Centre. 

Sept. 17-19, Abu Dhabi. International Real Estate & Investment Show 2026. An event targeting investors and consumers rather than trade visitors. ADNEC Centre.

Sept. 20, New York. Qatar Economic Forum. The forum will host a special leadership gathering alongside the 2026 U.N. General Assembly in New York, bringing together global leaders to explore capital, risk and resilience in a volatile global economy.

Sept. 28-Oct. 1, Singapore. SuperReturn Asia. The region’s premier private capital gathering. Marina Bay Sands Convention Centre.

Sept. 29-Oct. 1, Abu Dhabi. LIVEX 2026. Abu Dhabi’s inaugural Livability and Investment Exhibition. ADNEC Centre.

Oct. 6-7, Abu Dhabi. Ai Everything. The AI forum brings together policymakers, innovators and business leaders. ADNEC Centre.

Oct. 7-9, Singapore. Milken Institute Asia Summit. Bringing together a global community of influential leaders shaping the next era of intelligence, collaboration and growth. Four Seasons Hotel.

Oct. 21, 22, 24, Riyadh. Six Kings Slam. World No. 1 Jannik Sinner will defend his Six Kings Slam title when the tennis exhibition tournament returns, to be streamed globally on Netflix. ANB Arena.

Oct. 26-29, Riyadh. Future Investment Initiative. Saudi Arabia’s keystone annual business conference, sponsored by the Public Investment Fund. King Abdulaziz International Conference Center. 

DAMASCUS DEAL

UAE developer Arada signed a $7 billion agreement with the Syrian Sovereign Fund to build its first project in Syria. The development will include homes, schools, healthcare facilities and entertainment venues. The deal marks a step toward warmer ties between Damascus and the UAE, which has moved more cautiously than Saudi Arabia and Qatar in engaging with President Ahmed al-Sharaa’s government, Reuters reports. Syria is seeking foreign investment to rebuild an economy devastated by more than a decade of war and Western sanctions, most of which have been lifted.

SAUDI DEBT

Saudi Arabia is in early talks with banks to raise at least $8 billion as the Iran war strains government finances and disrupts trade. The National Debt Management Center has begun sounding out banks about a potential deal, while Saudi Aramco is holding separate loan discussions, Bloomberg reports. The borrowing push comes as higher import costs and supply-chain disruptions add to Saudi financial pressures. Government debt stood at $449 billion at the end of the second quarter.

Public Investment Fund: Humain launched an “AI in a Box” package using AMD chips designed to make AI computing more accessible to Saudi companies.

Aramco: Ahmad Al-Khowaiter, Executive Vice President of Technology & Innovation, spoke about Aramco’s role in industrial AI on Monday at the LEAP Expo Riyadh conference.

Abu Dhabi Investment Authority: An ADIA subsidiary has joined Temasek, CPP Investments, AustralianSuper, and Indian institutions as an investor in the first close of India’s $3.2 billion government-backed NIIF Infrastructure Fund II.

EDGE: The Abu Dhabi-based defense group is deepening its European expansion, with the company expecting international business to account for a growing share of its portfolio, Arabian Gulf Business Insight reports.

🌮 Taco Time: Americana Restaurants, the Middle East operator of KFC and Pizza Hut, will bring Taco Bell back to the UAE under a deal with Yum! Brands and plans to expand the chain across other Gulf countries, Arabian Gulf Business Insight reports.

💰 Waterfront Fund: Alistithmar Capital, the investment banking arm of the Saudi Investment Bank, has acquired the Jeddah Cove waterfront development through a $293 million fund, with Ezdihar Real Estate as the developer.

💵 Financial Help: Qatar Development Bank said it provided nearly $550 million in direct financing to Qatari businesses in 2025, alongside $165 million in indirect financing.

⛽ LNG Trouble: The Iran war has doubled the cost of an imported LNG cargo for Egypt to about $80 million from $40 million before the conflict, Petroleum Minister Karim Badawi said.

☀️ Panel Squeeze: Gulf solar panel imports plunged after the U.S.-Iran war disrupted shipping, with imports falling 90% in the UAE, 81% in Saudi Arabia, 89% in Oman and 68% in Iraq between March and June, according to Rystad Energy.

🛞 Lambo Jam: Some of London’s most exclusive neighborhoods are clogged with Ferraris, Lamborghinis and McLarens bearing license plates from Qatar and other Gulf countries, racking up unpaid parking tickets, The Wall Street Journal reports.

Sheikh Tahnoon bin Zayed, UAE National Security Adviser, along with co-investors, owns a 49% stake in the company created to house the Trump family’s World Liberty Financial’s banking venture, WSJ reports.

Sheikh Zayed bin Hamad bin Hamdan, Chairman of the National Anti-Narcotics Authority, met with Mohamed Lahritani, Director-General of Mauritanian National Security, and his accompanying delegation on Monday.

Qatar’s Emir Tamim bin Hamad Al Thani met with Darren Woods, Chairman and CEO of ExxonMobil, at Lusail Palace on Tuesday.

China’s President Xi Jinping began a state visit to Egypt on Tuesday, marking the 70th anniversary of diplomatic relations between the two countries with a message published in Al-Ahram daily.

Egypt’s President Abdel Fattah El-Sisi has ordered the acceleration of Egypt’s civil aviation development, including airport modernization, a new Terminal 4 at Cairo International Airport, greater private-sector participation and investment zones to attract foreign investment.

Fahd Al-Dosari, Saudi Ambassador to Lebanon, met with Rania Al-Mashat, Executive Secretary of the UN Economic and Social Commission for Western Asia, at the U.N. body’s headquarters in Beirut on Monday.

David Layton will step down as CEO of Partners Group after redemption pressure on its flagship funds this year hit the share price of the Swiss private equity manager, the Financial Times reports.

🎈 Pyramid High: Visitors to Egypt’s Giza Pyramids will soon be able to see the ancient monuments from 150 meters (492 feet) above the desert in a new tethered-balloon attraction. The 15-minute ride is being developed by Egypt’s Tashereef Tourist Marketing with France’s Aerophile, which specializes in such balloon rides, Al Ahram reports.

📷 Photo of the Day

Aug. 28-Sept. 6, Abu Dhabi. Abu Dhabi International Hunting and Equestrian Exhibition. An annual event celebrating traditional Emirati heritage and culture. ADNEC Centre.

Aug. 30-Sept. 2, Riyadh. Big 5 Construct Saudi. The event connects construction industry stakeholders with suppliers in Saudi Arabia. Riyadh Front Exhibition & Conference Center.

Aug. 31-Sept. 3, Riyadh. LEAP Expo Riyadh. A major tech trade show for the Middle East, which includes a global startup live pitch event. Riyadh Exhibition & Convention Center.

Sept. 1-3, Dubai. Middle East Energy. A three-day exhibition in Dubai brings together utilities, developers, manufacturers and industry professionals. Dubai World Trade Centre.

Sept. 1-3, Doha. Qatar Event Show. Brings together the events industry through a three-day program featuring exhibitions, conferences, workshops and networking opportunities. Doha Exhibition & Convention Center.

Sept. 7-8, Abu Dhabi. Hili Forum. The event brings policymakers and leading experts to examine the future of regional security, trade and energy corridors and technology. The St. Regis Saadiyat Island Resort.

Sept. 7-9, Dubai. AIM Congress. The global investment platform’s annual meeting brings together investors, governments, businesses and policymakers. Dubai World Trade Centre.

Sept. 11-13, Abu Dhabi. Middle East Film & Comic Con. Featuring some of the world’s biggest brands in film, TV, sci-fi, animation, manga, comics and collectibles. ADNEC Centre.

Sept. 13-18, Abu Dhabi. Abu Dhabi International Book Fair. Fostering collaboration between regional publishing sectors and creative industries. ADNEC Centre.

Sept. 14-16, Riyadh. Money20/20. The event brings together banks, Big tech, fintechs, regulators, startups and investors. Riyadh Exhibition & Convention Center. 

Sept. 14-17, Bangkok. Gastech. The global energy event brings together global energy leaders, policymakers and industry experts to explore natural gas, LNG, hydrogen, low-carbon solutions, electrification and AI. Bangkok International Trade & Exhibition Centre.

Sept. 14-17, Dubai. Arabian Travel Market. The flagship global travel trade show, which was postponed in May, returns, bringing 55,000+ travel professionals, 2,800+ exhibitors and representatives from 166 countries. Dubai World Trade Centre.

Sept. 15-17, Dubai. Arab Media Forum. The region’s largest media gathering, organized by the Dubai Press Club. Dubai World Trade Centre.

Sept. 16-18, Dubai. GISEC Global. MENA’s largest cybersecurity event brings together governments, CISOs, technology companies and cybersecurity experts to explore emerging threats, AI security, and other technologies. Dubai Exhibition Centre. 

Sept. 17-19, Abu Dhabi. International Real Estate & Investment Show 2026. An event targeting investors and consumers rather than trade visitors. ADNEC Centre.

Sept. 20, New York. Qatar Economic Forum. The forum will host a special leadership gathering alongside the 2026 U.N. General Assembly in New York, bringing together global leaders to explore capital, risk and resilience in a volatile global economy.

Sept. 28-Oct. 1, Singapore. SuperReturn Asia. The region’s premier private capital gathering. Marina Bay Sands Convention Centre.

Sept. 29-Oct. 1, Abu Dhabi. LIVEX 2026. Abu Dhabi’s inaugural Livability and Investment Exhibition. ADNEC Centre.

Oct. 6-7, Abu Dhabi. Ai Everything. The AI forum brings together policymakers, innovators and business leaders. ADNEC Centre.

Oct. 7-9, Singapore. Milken Institute Asia Summit. Bringing together a global community of influential leaders shaping the next era of intelligence, collaboration and growth. Four Seasons Hotel.

Oct. 21, 22, 24, Riyadh. Six Kings Slam. World No. 1 Jannik Sinner will defend his Six Kings Slam title when the tennis exhibition tournament returns, to be streamed globally on Netflix. ANB Arena.

Oct. 26-29, Riyadh. Future Investment Initiative. Saudi Arabia’s keystone annual business conference, sponsored by the Public Investment Fund. King Abdulaziz International Conference Center. 

DRONE DROWNED

The UAE intercepted an Iranian drone today over its territorial waters. The Foreign Ministry called the incursion a “dangerous escalation” and a violation of the country’s sovereignty, the Associated Press reports. The attack came after the U.S. and Iran traded fire over the weekend, ending a month-long lull in significant military action. Brent crude jumped above $90 a barrel amid renewed concern about shipping through the Strait of Hormuz.

ALTERNATIVE INVESTMENTS

Shipping is drawing increased interest from pension funds and institutional investors. As war-related disruptions keep vessel prices and freight rates near historic highs, Asset managers say investors are seeking exposure to “hard asset, low obsolescence” investments, the Financial Times reports. The closure risks around the Strait of Hormuz and disruptions in the Red Sea have lengthened shipping routes and tightened vessel availability, supporting earnings and asset values. Hayfin is raising a new maritime fund targeting twice the $620 million raised for its previous vehicle, while JPMorgan Asset Management has ordered at least eight oil supertankers worth about $1.3 billion, the FT says.

Mubadala: Abu Dhabi’s Alpha Dhabi Holding doubled its commitment to MICAD Credit, its private credit joint venture with Mubadala Capital, to $1 billion, and doubled its stake in the business to 40%.

2PointZero: Abu Dhabi’s ePointZero agreed to acquire a 90% stake in London-based Azura Power, which has gas, renewable energy and battery storage interests in Africa.

QatarEnergy: QatarEnergy has extended a force majeure suspension of LNG deliveries to major European customer Edison until early November due to the US-Iran war, Reuters reports.

Oman Investment Authority: OQ Gas Networks is set to complete three major gas pipeline projects by the end of 2027, adding capacity to support industrial growth in Sohar, Ibri and Duqm.

🌐 Rolling Out: The UAE has granted Elon Musk’s Starlink a 10-year license to provide satellite internet services across the country as it seeks to enhance telecommunications infrastructure.

💎 New Product: Dubai’s commodities-focused free zone DMCC has launched a dedicated Lab-Grown Diamond Vertical as the UAE recorded its highest-ever lab-grown diamond trade volumes in 2025.

💻 Step Ahead: UAE tech giant e& has launched its first AI-powered laptop, enabling government and enterprise users to run AI tools and process data offline using built-in large language models.

🏛️ Temporary Closure: Dubai’s Museum of the Future will close on Tuesday for a major overhaul, with a new generation of interactive and immersive experiences set to launch in the first quarter of 2027.

🌊 Staying Still: Egypt’s cabinet on Sunday denied reports that the government plans to transfer ownership of the Suez Canal to the Central Bank of Egypt in exchange for settling part of the state’s domestic debt.

💵 Seeking Cash: Gulf states face rising borrowing costs as war-related spending and development plans compete with surging U.S. debt and AI investment for global capital, economists tell Arabian Gulf Business Insight.

UAE President Sheikh Mohamed bin Zayed met with Sheikh Mohammed Bin Rashid, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Saturday in Dubai.

Sheikh Mohammed bin Rashid visited the 23rd edition of the Abu Dhabi International Hunting and Equestrian Exhibition, known as ADIHEX, on Sunday at ADNEC Centre in Abu Dhabi.

Prince Khalid bin Salman, Saudi Defense Minister, met with senior officials from Turkey and Pakistan in Istanbul to attend their first meeting under the Mecca Joint Defense Agreement.

Michael Dyke, CEO of Saudi Arabia’s New Murabba, has been replaced by Public Investment Fund executive Sabah Barakat, who was named acting CEO. 

Aliko Dangote, Africa’s richest man, is formalizing long-term plans for the governance and preservation of his business empire as his family office in Dubai International Financial Center prepares to expand operations in 2027. 

Layla Al Qassab was appointed Director of Finance of Aluminium Bahrain, Alba, the world’s largest aluminum smelter on one site; Taimur Tufail was appointed Manager, Legal and Aysha Salem as Manager, Organization Development & HR Analytics.

Hitesh Motwani was appointed CEO of InsuranceMarket.ae as founder Avinash Babur moved into the role of Chairman of InsuranceMarket.ae while continuing as Founder and Chairman of Alfred Holdings.

🎷 Sacred Jazz: Saudi artist Sultan bin Fahad explores the ties between Islam and jazz in an exhibition that runs for the next two weeks at Dubai’s Alserkal cultural district. The show explores John Coltrane’s A Love Supreme, highlights Muslim musicians Yusef Lateef and Art Blakey, and features a prison letter from Malcolm X, The National reports.

📷 Photo of the Day

Aug. 28-Sept. 6, Abu Dhabi. Abu Dhabi International Hunting and Equestrian Exhibition. An annual event celebrating traditional Emirati heritage and culture. ADNEC Centre.

Aug. 30-Sept. 2, Riyadh. Big 5 Construct. The event connects construction industry stakeholders with suppliers in Saudi Arabia. Riyadh Front Exhibition & Conference Center.

Aug. 31-Sept. 3, Riyadh. LEAP Expo Riyadh. A major tech trade show for the Middle East, which includes a global startup live pitch event. RECC Malham.

Sept. 1-3, Dubai. Middle East Energy.  A three-day energy exhibition in Dubai brings together utilities, developers, manufacturers and industry professionals. Dubai World Trade Centre.  

Sept. 1-3, Doha. Qatar Event Show. Brings together the events industry through a three-day program featuring exhibitions, conferences, workshops and networking opportunities. Doha Exhibition & Convention Center.

Sept. 7-8, Abu Dhabi. Hili Forum. The events bring policymakers and leading experts to examine the future of regional security, trade and energy corridors and technology. The St. Regis Saadiyat Island Resort.

Sept. 7-9, Dubai. AIM Congress. The global investment platform’s annual meeting brings together investors, governments, businesses and policymakers. Dubai World Trade Centre.  

Sept. 11-13, Abu Dhabi. Middle East Film & Comic Con. Featuring some of the world’s biggest brands in film, TV, sci-fi, animation, manga, comics and collectibles. ADNEC Centre.  

Sept. 13-18, Abu Dhabi. Abu Dhabi International Book Fair. Fostering collaboration between regional publishing sectors and creative industries. ADNEC Centre.

Sept. 14-16, Riyadh. Money 20/20. The event brings together banks, Big Tech, fintechs, regulators, startups and investors. Riyadh Exhibition & Convention Center. 

Sept. 14-17, Bangkok. Gastech.  The global energy event brings together global energy leaders, policymakers and industry experts to explore natural gas, LNG, hydrogen, low-carbon solutions, electrification and AI. Bangkok International Trade & Exhibition Centre.

Sept. 14-17 Dubai. Arabian Travel Market. The flagship global travel trade show, which was postponed in May, returns, bringing 55,000+ travel professionals, 2,800+ exhibitors and representatives from 166 countries. Dubai World Trade Centre.

Sept. 15-17, Dubai. Arab Media Forum. The region’s largest media gathering, organized by the Dubai Press Club. Dubai World Trade Centre.

Sept. 16-18, Dubai. GISEC Global. MENA’S largest cybersecurity event brings together governments, CISOs, technology companies and cybersecurity experts to explore emerging threats, AI security, and other technologies. Dubai Exhibition Centre. 

Sept. 17-19, Abu Dhabi. International Real Estate & Investment Show 2026. An event targeting investors and consumers rather than trade visitors. ADNEC Centre.

Sept. 20, New York. Qatar Economic Forum. The forum will host a special leadership gathering alongside the 2026 U.N. General Assembly in New York, bringing together global leaders to explore capital, risk and resilience in a volatile global economy.

Sept. 28-Oct. 1, Singapore. SuperReturn Asia. The region’s premier private capital gathering. Marina Bay Sands Convention Centre.

Sept. 29-Oct. 1, Abu Dhabi. LIVEX 2026. Abu Dhabi’s inaugural Livability and Investment Exhibition. ADNEC Centre.

Oct. 6-7, Abu Dhabi. Ai Everything.The AI Summit brings together policymakers, innovators and business leaders. ADNEC Centre.

Oct. 7-9, Singapore. Milken Institute Asia Summit. Bringing together a global community of influential leaders shaping the next era of intelligence, collaboration and growth. Four Seasons Hotel.

Oct. 21, 22, 24, Riyadh. Six Kings Slam. World No. 1 Jannik Sinner will defend his Six Kings Slam title when the exhibition tournament returns, to be streamed globally on Netflix. ANB Arena.

Oct. 26-29, Riyadh. Future Investment Initiative. Saudi Arabia’s keystone annual business conference, sponsored by the Public Investment Fund. King Abdulaziz International Convention Center. 

FRENCH CONNECTION

BNP Paribas received a license to establish its regional headquarters in Saudi Arabia, joining hundreds of international companies expanding their presence in the kingdom. The license was announced during a meeting in Paris this week between Saudi Investment Minister Fahd Al-Saif and BNP Chairman Jean Lemierre. Saudi Arabia has warned that foreign companies without regional headquarters in the capital could lose access to government contracts. BNP Paribas, France’s largest bank, already operates offices in Saudi Arabia, the UAE, Qatar, Kuwait and Bahrain.

COSTLY LESSON

Rising living costs in the UAE are eroding the country’s financial appeal to overseas teachers despite tax-free salaries. Expat teachers typically earn $38,000-$55,000 and can save up to $35,000, compared with salaries of up to $90,000 in Singapore and $80,000 in Shanghai and Beijing, Arabian Gulf Business Insight reports. Some teachers are considering lower-cost Asian markets, but demand in the UAE remains strong, with the Taaleem school network reporting a 9% turnover and GEMS Education hiring 1,550 teachers this year. The market is also expanding, with seven new private schools due to open in Dubai.

Public Investment Fund: Acwa, the renewable energy company owned by Saudi Arabia’s sovereign wealth fund, and Korea Western Power signed an agreement to explore energy, storage and infrastructure projects in Uzbekistan.

Qatar Investment Authority: QIA co-led a $200 million funding round for U.S. autonomous truck operator Gatik to expand its driverless freight fleet and meet growing demand.

EDGE Group: The UAE’s state-owned defense company and the Brazilian Army’s Cyber Defense Command will jointly establish a Cyber Defense Centre of Excellence to strengthen Brazil’s cybersecurity capabilities.

🤖 AI Fortunes: Saudi brothers Ibrahim and Khalid Al Moammar have amassed a combined $1.4 billion fortune as shares in their data-center company MIS soared 87% this year following an expansion of its contract with Saudi Arabia’s Humain to $2.3 billion and 250 megawatts of capacity. 

🧀 Dairy Deal: Saudi retailer BinDawood secured $144 million in Shariah-compliant financing from Banque Saudi Fransi and Gulf International Bank to acquire dairy-production assets in Estonia. 

🫶 Helping Hand: Abu Dhabi Fund for Development signed a $300 million financing agreement with Jordan to support its budget, development programs and fiscal stability.

✊ Tighter Grip: Middle East banks and companies could face tighter domestic regulatory scrutiny as the U.S. increases pressure on governments to enforce sanctions and sever economic ties with Iran, Arabian Gulf Business Insight reports.

🍽️  Kitchen Base: Celebrity Indian chef Ishijyot Surri and entrepreneur Sameer Musale established Maison Management’s regional base in Ras Al Khaimah, with plans to launch Talabat-backed cloud kitchens in Dubai before expanding into restaurants and food production.

🏠 Buyers Weary: Dubai real estate buyers are increasingly questioning whether a famous brand can compensate for weak location, quality or delivery, AGBI reports.

Sheikh Mansour bin Zayed, UAE Vice President, Deputy Prime Minister and Chairman of the Presidential Court, approved the program for the 2026-2027 horse racing and equestrian season held under his patronage.

Prince Faisal bin Farhan, Saudi Minister for Foreign Affairs, held two separate phone calls with Sheikh Mohammed bin Abdulrahman, Qatar’s Prime Minister and Minister of Foreign Affairs, and Hakan Fidan, Turkey’s Foreign Minister. 

Sheikh Theyab bin Mohamed bin Zayed, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs and Chairman of the Board of Trustees of Erth Zayed Philanthropies, has unveiled Erth Zayed Philanthropies’ new institutional identity.

Jeff Bezos and Lauren Sánchez are reportedly expected to meet UAE Vice President Sheikh Mansour bin Zayed during a visit to Sardinia.

Tarek Mosaad, the President and CEO of Hyundai Motor Middle East and Africa, was elected President of the African Association of Automotive Manufacturers.

Lucas Radal was appointed Head of Middle East Secondary Investments at Montana Capital Partners, where he will focus on sourcing and executing secondary investment opportunities in the region.

🏄 Catch a Wave: Kitesurfers are turning Al-Shuaiba, once a quiet seaside retreat near Mecca, into a hub for high-speed marine sports on the Red Sea. Saudi enthusiasts say the kingdom’s long coastline and steady winds could also transform other sites such as Al-Lith, Rabigh and Neom into global destinations for kitesurfing and other beach activities, Arab Times reports.

📷 Photo of the Day

Aug. 28-Sept. 6, Abu Dhabi. Abu Dhabi International Hunting and Equestrian Exhibition. An annual event celebrating traditional Emirati heritage and culture. ADNEC Centre.

Aug. 30-Sept. 2, Riyadh. Big 5 Construct. The event connects construction industry stakeholders with suppliers in Saudi Arabia. Riyadh Front Exhibition & Conference Center.

Aug. 31-Sept. 3, Riyadh. LEAP Expo Riyadh. A major tech trade show for the Middle East, which includes a global startup live pitch event. RECC Malham.

Sept. 1-3, Dubai. Middle East Energy.  A three-day energy exhibition in Dubai brings together utilities, developers, manufacturers and industry professionals. Dubai World Trade Centre.  

Sept. 1-3, Doha. Qatar Event Show. Brings together the events industry through a three-day program featuring exhibitions, conferences, workshops and networking opportunities. Doha Exhibition & Convention Center.

Sept. 7-8, Abu Dhabi. Hili Forum. The events bring policymakers and leading experts to examine the future of regional security, trade and energy corridors and technology. The St. Regis Saadiyat Island Resort.

Sept. 7-9, Dubai. AIM Congress. The global investment platform’s annual meeting brings together investors, governments, businesses and policymakers. Dubai World Trade Centre.  

Sept. 11-13, Abu Dhabi. Middle East Film & Comic Con. Featuring some of the world’s biggest brands in film, TV, sci-fi, animation, manga, comics and collectibles. ADNEC Centre.  

Sept. 13-18, Abu Dhabi. Abu Dhabi International Book Fair. Fostering collaboration between regional publishing sectors and creative industries. ADNEC Centre.

Sept. 14-16, Riyadh. Money 20/20. The event brings together banks, Big Tech, fintechs, regulators, startups and investors. Riyadh Exhibition & Convention Center. 

Sept. 14-17, Bangkok. Gastech.  The global energy event brings together global energy leaders, policymakers and industry experts to explore natural gas, LNG, hydrogen, low-carbon solutions, electrification and AI. Bangkok International Trade & Exhibition Centre.

Sept. 14-18, Dubai. Arabian Travel Market. The flagship global travel trade show, which was postponed in May, returns, bringing 55,000+ travel professionals, 2,800+ exhibitors and representatives from 166 countries. Dubai World Trade Centre.

Sept. 15-17, Dubai. Arab Media Forum. The region’s largest media gathering, organized by the Dubai Press Club. Dubai World Trade Centre.

Sept. 16-18, Dubai. GISEC Global. MENA’S largest cybersecurity event brings together governments, CISOs, technology companies and cybersecurity experts to explore emerging threats, AI security, and other technologies. Dubai Exhibition Centre. 

Sept. 17-19, Abu Dhabi. International Real Estate & Investment Show 2026. An event targeting investors and consumers rather than trade visitors. ADNEC Centre.

Sept. 20, New York. Qatar Economic Forum, Powered by Bloomberg: UNGA Special Edition 2026. The forum will host a special leadership gathering alongside the 2026 UNGA in New York, bringing together global leaders to explore capital, risk and resilience in a volatile global economy.

Sept. 28-Oct. 1, Singapore. SuperReturn Asia. The region’s premier private capital gathering. Marina Bay Sands Convention Centre.

Sept. 29-Oct. 1, Abu Dhabi. LIVEX 2026. Abu Dhabi’s inaugural Livability and Investment Exhibition. ADNEC Centre.

Oct. 6-7, Abu Dhabi. Ai Everything.The AI Summit brings together policymakers, innovators and business leaders. ADNEC Centre.

Oct. 7-9, Singapore. Milken Institute Asia Summit. Bringing together a global community of influential leaders shaping the next era of intelligence, collaboration and growth. Four Seasons Hotel.

Oct. 21, 22, 24, Riyadh. Six Kings Slam. World No. 1 Jannik Sinner will defend his Six Kings Slam title when the exhibition tournament returns, to be streamed globally on Netflix. ANB Arena.

Oct. 26-29, Riyadh. Future Investment Initiative. Saudi Arabia’s keystone annual business conference, sponsored by the Public Investment Fund. King Abdulaziz International Convention Center. 

SHIP SHOPPING

After attacks on at least 16 of its ships over the past six months of conflict with Iran and Yemen’s Houthis, ADNOC is making a major investment to enlarge its fleet and move more of its energy supplies around the world. The UAE national oil company’s shipping arm agreed to pay $444 million for two LNG carriers, bringing its vessel purchases this year to $2.7 billion, the company said. Owning ships has become a strategic advantage for ADNOC as attacks in the Strait of Hormuz and the Red Sea disrupt traffic and send freight rates soaring. The company also plans to boost oil output and natural gas production after having quit OPEC in May.

CLONED STAFF

Saudi Arabia’s Aramco Ventures co-led a $20 million seed round for Twin1 AI, which creates digital replicas of employees to answer questions, draft messages and handle routine workplace tasks. The California-based company’s platform is designed to replicate human judgment and communication styles through email, Slack and Microsoft Teams. Twin1 AI said it’s targeting sectors including banking, legal and energy. Aramco Ventures is an investment arm of Saudi Aramco, the world’s biggest oil exporter.

Public Investment Fund: Microsoft will distribute Humain’s Saudi-developed Allam Arabic AI model globally, giving companies and governments access to technology designed for more than 400 million Arabic speakers.

TAQA: Abu Dhabi National Energy Company will delist all of its shares from the Abu Dhabi Securities Exchange following its acquisition by Abu Dhabi Power Corporation.

ADQ: ADX-listed AD Ports said International Securities has been appointed to help manage ADQ’s voluntary cash offer, joining several other banks and financial firms involved in the deal.

🎮 Game Fund: Saudi Arabia’s National Development Fund approved $112 million in financing for 82 gaming and esports entities across the kingdom.

👥 Fintech Unicorn: Dubai’s Fasset fintech startup has reached a $1 billion valuation after raising $68 million in a Series C round led by Japan’s SBI Group, becoming the region’s latest unicorn.

✈️ Slower Movement: Dubai International Airport’s passenger traffic fell 31% to 31.5 million in the first half of 2026 as the Iran war disrupted travel.

⚛️ Nuclear Option: U.S. President Donald Trump submitted the civil nuclear agreement to Congress that he negotiated with Saudi Arabia, maintaining his condition that the kingdom normalize relations with Israel, The Wall Street Journal reports.

🇺🇸 Return Trip: The U.S. is sending personnel back to diplomatic missions in Lebanon, Israel, Saudi Arabia and Iraq who were evacuated during the Iran war, Reuters reports.

🏘️ Exclusive Built: Wynn Al Marjan Island in the UAE’s Ras Al Khaimah emirate has unveiled its exclusive Townhomes, ultra-private residences within the resort’s boutique Enclave hotel.

📉 Placing Restrictions: Saudi Arabia is cutting fees and easing margin requirements for futures on the kingdom’s top 30 stocks to boost derivatives trading, liquidity and investor participation, Bloomberg reports.

💸 Shrinking Down: Qatar’s economy is forecast to contract 8.6% in 2026, the steepest decline in the GCC, as war-related damage to its LNG infrastructure and disruptions through the Strait of Hormuz cost an estimated $24 billion in gas sales, Reuters reports.

Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs, held a phone call with the Prime Minister of Lebanon Nawaf Salam, on Tuesday.

Sheikh Hasher bin Maktoum, Chairman of Dubai Media Inc., inaugurated the 31st edition of the Dubai International Pharmaceuticals and Technologies Conference and Exhibition at Dubai World Trade Centre on Tuesday.

Sheikha Fatima bint Mubarak, wife of the late UAE President Sheikh Zayed bin Sultan Al Nahyan, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, shared a statement on Tuesday in celebration of the Prophet Mohammed’s birthday, praising the country for upholding “an authentic path rooted in the values of Islam and the strength of social cohesion.”

Gagan Gupta, founder of Dubai-based Spiro electric mobility startup, said in an interview with Zawya that the company is targeting expansion into new markets including Ethiopia, Malawi, Mali and the DRC after raising $270 million. 

Dr. Rabeah Alzaidy was appointed to lead Lenovo’s Research & Development initiatives in Saudi Arabia, focusing on artificial intelligence and technology development in the kingdom. 

Faisal J. Abbas, Editor-in-Chief of Arab News, gave a briefing at the French Senate on Saudi Crown Prince Mohammed bin Salman’s visit to France.

🐫 Camel Casting: Saudi Arabia will hold a conference next week on how camels are portrayed in movies, television, literature and digital media. The Sept. 5 forum in the city of Taif will explore how the humped beast went from a key desert mode of transportation to an enduring national symbol, Arab News reports.

📷 Photo of the Day

COMIC PARK

Who knew? It turns out that French President Emmanuel Macron and Crown Prince Mohammed bin Salman both love “manga” comics so much, they want to build a theme park outside Paris that will be partly dedicated to the Japanese form of graphic novel. The two leaders discussed the $7 billion project during a two-day Paris summit, in which they also sat together at the finale of the Esports World Cup. The theme park’s construction will be led by Saudi Arabia’s Qiddiya Investment Co., which is owned by Saudi Arabia’s Public Investment Fund. Besides the manga park, the project will house two other theme parks, along with hotels, restaurants and luxury residences.

IPO PROSPECT

Egypt’s Ministry of Investment is reviewing a study for state-owned Misr Life Insurance of the company’s readiness for a potential IPO. The valuation, being conducted with the involvement of the International Monetary Fund, is expected to be completed within 45 days before being submitted to the Financial Regulatory Authority for approval, according to a note published by Zilla Capital. The European Bank for Reconstruction and Development is considering acquiring a 5% stake in Misr Life through a private placement, the note said. Six institutions are competing for stakes in the insurer, including the EBRD, International Finance Corp. and four investment funds. 

Mubadala Capital: The Abu Dhabi-based sovereign wealth fund’s alternative asset arm is integrating a $25 billion credit portfolio into its platform and opening it to outside investors for the first time.

Aramco: Saudi Aramco signed agreements with French companies potentially worth more than $3.7 billion, covering drilling equipment, oil country tubular goods and industrial AI technologies.

Masdar: The UAE renewable energy company owned by ADNOC, TAQA and Mubadala has begun commercial operations at its second U.K. battery storage project.

🛢️ Pipeline Push: TotalEnergies will invest in doubling the capacity of Abu Dhabi’s Habshan-Fujairah pipeline as the French oil and gas company backs export routes that bypass the Strait of Hormuz, CEO Patrick Pouyanné said.

✈️ Loan Takeoff: Kuwait’s Jazeera Airways renewed a $190 million loan facility with a local bank, of which it has utilized $95 million.

🏝️ Refreshing Land: Eagle Hills Properties is overseeing the development of Abu Dhabi’s Lulu Island, which is accessible only by boat.

💧Water Security: Gulf states are pouring hundreds of billions into data centers and AI infrastructure, but such ambitions depend on securing sufficient water supplies, The National reports.

🎭 Parlez-Vous?: The Saudi Ministry of Culture announced plans to establish a cultural center in Paris to promote Saudi culture, support its creative practitioners and deepen cultural ties and partnerships with France.

🛢️ Energy Exports: Gulf jet fuel exports to Europe more than doubled to 874,000 tons in July, making the region the continent’s biggest supplier.

King Salman of Saudi Arabia received a message from UAE President Sheikh Mohamed bin Zayed on Saudi-Emirati ties.

Prince Badr bin Abdullah bin Farhan, the Saudi Minister of Culture and Governor of the Royal Commission for AlUla, and French Foreign Minister Jean-Noël Barrot co-chaired the Saudi-French Joint Ministerial Committee on AlUla in Paris on Monday.

Sheikh Dr. Sultan bin Mohammed Al Qasimi, ruler of the northern emirate of Sharjah, has issued a law regulating the emirate’s correctional institution, focusing on security, social defense and inmates rights.

Jasem Al-Budaiwi, Secretary-General of the Gulf Cooperation Council, met with Maria Luisa Fantappie, head of the Mediterranean, Middle East and Africa program at the Institute of International Affairs, at the General Secretariat headquarters in Riyadh on Monday.

Ranjit Khanna was appointed CEO of Zurich-based banking group EFG International’s Dubai Advisory Office, strengthening the firm’s presence in the Dubai International Financial Centre.

Salman Albalooshi won an auction for a Pure Gyre falcon on Sunday at Abu Dhabi’s National Exhibition Centre with a winning bid of $69,400.

🇦🇪 Moscow Majlis: Abu Dhabi brought Emirati culture to the heart of Moscow with a five-day festival near Red Square featuring traditional Al-Ayyala dancing, handicrafts, Arabic coffee, local food and displays highlighting the emirate’s pearl-diving and seafaring heritage. Organized by Abu Dhabi’s Department of Culture and Tourism and the UAE Embassy in Russia, the free event at Manezhnaya Square ran through Sunday as part of Moscow’s summer festival program.

📷 Photo of the Day

August 28-Sept. 6, Abu Dhabi. Abu Dhabi International Hunting and Equestrian Exhibition. An annual event celebrating traditional Emirati heritage and culture. ADNEC center.

August 30-Sept. 2, Riyadh. Big 5 Construct. The event connects construction industry stakeholders with suppliers in Saudi Arabia. Riyadh Front Exhibition & Conference Center.

August 31-Sept. 3, Riyadh. LEAP Expo Riyadh. A major tech trade show for the Middle East, which includes a global startup live pitch event. RECC Malham.

Sept. 1-3, Dubai. Middle East Energy.  A three-day energy exhibition in Dubai brings together utilities, developers, manufacturers and industry professionals. Dubai World Trade Centre.  

Sept. 1-3, Doha. Qatar Event Show. Brings together the events industry through a three-day program featuring exhibitions, conferences, workshops and networking opportunities. Doha Exhibition & Convention Center.

Sept. 7-8, Abu Dhabi. Hili Forum. The events bring policymakers and leading experts to examine the future of regional security, trade and energy corridors and technology. The St. Regis Saadiyat Island Resort.

Sept. 7-9, Dubai. AIM Congress. The global investment platform’s annual meeting brings together investors, governments, businesses and policymakers. Dubai World Trade Centre.  

Sept. 11-13, Abu Dhabi. Middle East Film & Comic Con. Featuring some of the world’s biggest brands in film, TV, sci-fi, animation, manga, comics and collectibles. ADNEC Centre.  

Sept. 13-18, Abu Dhabi. Abu Dhabi International Book Fair. Fostering collaboration between regional publishing sectors and creative industries. ADNEC Centre.

Sept. 14-16, Riyadh. Money 20/20. The event brings together banks, Big Tech, fintechs, regulators, startups and investors. Riyadh Exhibition & Convention Centre. 

Sept.14-17, Bangkok. Gastech.  The global energy event brings together global energy leaders, policymakers and industry experts to explore natural gas, LNG, hydrogen, low-carbon solutions, electrification and AI. Bangkok International Trade & Exhibition Centre.

Sept. 14-18, Dubai. Arabian Travel Market. The flagship global travel trade show, which was postponed in May, returns, bringing 55,000+ travel professionals, 2,800+ exhibitors and representatives from 166 countries. Dubai World Trade Centre.

Sept. 15-17, Dubai. Arab Media Forum. The region’s largest media gathering, organized by the Dubai Press Club. Dubai World Trade Centre.

Sept. 16-18, Dubai. GISEC Global. MENA’S largest cybersecurity event brings together governments, CISOs, technology companies and cybersecurity experts to explore emerging threats, AI security, and other technologies. Dubai Exhibition Centre. 

Sept. 17-19, Abu Dhabi. International Real Estate & Investment Show 2026. An event targeting investors and consumers rather than trade visitors. ADNEC Centre.

Sept. 20, New York. Qatar Economic Forum, Powered by Bloomberg: UNGA Special Edition 2026. The forum will host a special leadership gathering alongside the 2026 UNGA in New York, bringing together global leaders to explore capital, risk and resilience in a volatile global economy.

Sept. 28-Oct. 1, Singapore. SuperReturn Asia. The region’s premier private capital gathering. Marina Bay Sands Convention Centre.

Sept. 29-Oct. 1, Abu Dhabi. LIVEX 2026. Abu Dhabi’s inaugural Livability and Investment Exhibition. ADNEC Centre.

Oct. 6-7, Abu Dhabi. AiEverything.The AI Summit brings together policymakers, innovators and business leaders. ADNEC.

Oct. 7-9, Singapore. Milken Institute Asia Summit. Bringing together a global community of influential leaders shaping the next era of intelligence, collaboration and growth. Four Seasons Hotel.

Oct. 21-24, Riyadh. Six Kings Slam. World No. 1 Jannik Sinner will defend his Six Kings Slam title when the exhibition tournament returns, to be streamed globally on Netflix. ANB Arena.

Oct. 26-29, Riyadh. Future Investment Initiative. Saudi Arabia’s keystone annual business conference, sponsored by the Public Investment Fund. King Abdulaziz International Convention Center. 

WEAK LINK

The U.S. is examining whether to rebuild its large network of Gulf military bases after Iranian attacks exposed vulnerabilities in an American regional footprint built up since the 1990s, the Financial Times reports. Africa correspondent Jacob Judah cites the widening gap between Gulf political confidence in Washington’s security commitments and its deepening military ties with the individual governments. He quotes Dana Stroul, former U.S. Deputy Assistant Secretary of Defense for the Middle East, who says a delicate balance will be required between U.S. operational requirements and Washington’s commitments to partners, noting the need to assess the assets and troop presence to backstop the security of Gulf states. “It will be important to avoid the perception that we are abandoning them,” Stroul said.

SPACE RACE

Saudi Arabia’s space economy is projected to nearly quadruple to $31.6 billion by 2035 as the kingdom invests in satellites and digital technologies. Key areas of satellite use will be climate monitoring, agriculture, water management and disaster response, according to a report by the Communications, Space and Technology Commission and the International Telecommunication Union.  The expansion is part of a broader push to develop digital infrastructure and space-based services while using technology to address environmental challenges, Arab News reports. “Saudi Arabia is committed to unlocking the full potential of artificial intelligence and digital innovation as powerful enablers of sustainable development,” Abdullah Al-Swaha, Minister of Communications and Information Technology, said in the report.

ADNOC: ADNOC Drilling plans to expand in Egypt through partnerships with state-backed oil companies as Cairo seeks investment to boost domestic oil and gas production.

Public Investment Fund: Flynas, the low-cost Saudi airline partially owned by the sovereign wealth fund, received a new Airbus A320neo aircraft, boosting its fleet to 68 planes.

LIV Golf: The struggling PGA rival, which the PIF said it will no longer support, is cutting tournaments and payouts while facing a $1.2 million lawsuit from an unpaid vendor, The Wall Street Journal reports.

Ma’aden: The Saudi mining giant, majority controlled by the PIF, secured its first $1 billion in international syndicated credit facilities in an oversubscribed deal that drew banks from the U.S., Canada, Europe, China and Japan.

Qatar Investment Authority: California Attorney General Rob Bonta canceled settlement talks with Paramount over its proposed Warner Bros. Discovery acquisition, accusing the company of bad faith, the New York Times reports. Paramount’s sovereign backers for the bid include the QIA, PIF and Abu Dhabi’s L’Imad Holding Co.

🇪🇬 China complex: Egypt is considering a $2 billion Chinese-backed industrial complex in the Suez Canal Economic Zone that would create more than 3,000 jobs, while supplying the domestic market and producing goods for export.

🛡️ Drone Defense: Florida startup Powerus has opened a UAE production line assembling low-cost Guardian drone interceptors, part of its push to manufacture weapons closer to where they are needed amid Iranian attacks on the U.S.’s Gulf allies, The New York Times reports.

✈️ Destination Kuwait: Emirates has resumed Dubai-Kuwait flights after an extended suspension, though services remain significantly below previous levels.

🇪🇬 China complex: Egypt is considering a $2 billion Chinese-backed industrial complex in the Suez Canal Economic Zone that would create more than 3,000 jobs while supplying the domestic market and producing goods for export.

🛡️ Drone Defense: Florida startup Powerus has opened a UAE production line assembling low-cost Guardian drone interceptors, part of its push to manufacture weapons closer to where they are needed amid Iranian attacks on the U.S.’s Gulf allies, The New York Times reports.

✈️ Destination Kuwait: Emirates has resumed Dubai-Kuwait flights after an extended suspension, though services remain significantly below previous levels.

Saudi Crown Prince Mohammed bin Salman made a two-day trip to France, where he held talks with French President Emmanuel Macron about economic and defense issues, later attending the closing ceremony of the Esports World Cup in Paris on Sunday.

Sheikh Jarrah Jaber Al-Ahmad, Kuwait’s Minister of Foreign Affairs, met with Chinese Vice President Han Zheng in Beijing on Monday.

Sheikh Hamdan bin Mohammed bin Rashid, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defense and Chairman of the Executive Council of Dubai, reviewed progress on 104 real estate projects worth $30 billion in the first half of 2026.

Khaldoon Al Mubarak, CEO of Mubadala and Chairman of the U.K.’s Manchester City football club, unveiled a mosaic at the team’s headquarters dedicated to former captain and Club legend Steph Houghton.

Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade and Chairman of the UAE International Investment Council, chaired a board meeting to review developments. 

Mashail Mohammed Alkarni was appointed as the spokesperson of the Saudi Tourism Development Fund.

Pedro Uria-Recio was appointed as Chief AI Officer of Abu Dhabi Islamic Bank. He was previously Chief Data & Artificial Intelligence Officer at CIMB Bank in Malaysia.

🇦🇪 Moscow Majlis: Abu Dhabi brought Emirati culture to the heart of Moscow with a five-day festival near Red Square featuring traditional Al-Ayyala dancing, handicrafts, Arabic coffee, local food and displays highlighting the emirate’s pearl-diving and seafaring heritage. Organized by Abu Dhabi’s Department of Culture and Tourism and the UAE Embassy in Russia, the free event at Manezhnaya Square ran through Sunday as part of Moscow’s summer festival program.

📷 Photo of the Day

August 28-Sept. 6, Abu Dhabi. Abu Dhabi International Hunting and Equestrian Exhibition. An annual event celebrating traditional Emirati heritage and culture. ADNEC center.

August 30-Sept. 2, Riyadh. Big 5 Construct. The event connects construction industry stakeholders with suppliers in Saudi Arabia. Riyadh Front Exhibition & Conference Center.

August 31-Sept. 3, Riyadh. LEAP Expo Riyadh. A major tech trade show for the Middle East, which includes a global startup live pitch event. RECC Malham.

Sept. 1-3, Dubai. Middle East Energy.  A three-day energy exhibition in Dubai brings together utilities, developers, manufacturers and industry professionals. Dubai World Trade Centre.  

Sept. 1-3, Doha. Qatar Event Show. Brings together the events industry through a three-day program featuring exhibitions, conferences, workshops and networking opportunities. Doha Exhibition & Convention Center.

Sept.7-8, Abu Dhabi. Hili Forum. The events bring policymakers and leading experts to examine the future of regional security, trade and energy corridors and technology. The St. Regis Saadiyat Island Resort.

Sept. 7-9, Dubai. AIM Congress. The global investment platform’s annual meeting brings together investors, governments, businesses and policymakers. Dubai World Trade Centre.  

Sept. 11-13, Abu Dhabi. Middle East Film & Comic Con. Featuring some of the world’s biggest brands in film, TV, sci-fi, animation, manga, comics and collectibles. ADNEC Centre.  

Sept. 13-18, Abu Dhabi. Abu Dhabi International Book Fair. Fostering collaboration between regional publishing sectors and creative industries. ADNEC Centre.

Sept. 14-16, Riyadh. Money 20/20. The event brings together banks, Big Tech, fintechs, regulators, startups and investors. Riyadh Exhibition & Convention Centre. 

Sept.14-17, Bangkok. Gastech.  The global energy event brings together global energy leaders, policymakers and industry experts to explore natural gas, LNG, hydrogen, low-carbon solutions, electrification and AI. Bangkok International Trade & Exhibition Centre.

Sept. 14-18, Dubai. Arabian Travel Market. The flagship global travel trade show, which was postponed in May, returns, bringing 55,000+ travel professionals, 2,800+ exhibitors and representatives from 166 countries. Dubai World Trade Centre.

Sept. 15-17, Dubai. Arab Media Forum. The region’s largest media gathering, organized by the Dubai Press Club. Dubai World Trade Centre.

Sept. 16-18, Dubai. GISEC Global. MENA’S largest cybersecurity event brings together governments, CISOs, technology companies and cybersecurity experts to explore emerging threats, AI security, and other technologies. Dubai Exhibition Centre. 

Sept. 17-19, Abu Dhabi. International Real Estate & Investment Show 2026. An event targeting investors and consumers rather than trade visitors. ADNEC Centre.

Sept. 20, New York. Qatar Economic Forum, Powered by Bloomberg: UNGA Special Edition 2026. The forum will host a special leadership gathering alongside the 2026 UNGA in New York, bringing together global leaders to explore capital, risk and resilience in a volatile global economy.

Sept. 28-Oct. 1, Singapore. SuperReturn Asia. The region’s premier private capital gathering. Marina Bay Sands Convention Centre.

Sept. 29-Oct. 1, Abu Dhabi. LIVEX 2026. Abu Dhabi’s inaugural Livability and Investment Exhibition. ADNEC Centre.

Oct. 6-7, Abu Dhabi. AiEverything.The AI Summit brings together policymakers, innovators and business leaders. ADNEC.

Oct. 7-9, Singapore. Milken Institute Asia Summit. Bringing together a global community of influential leaders shaping the next era of intelligence, collaboration and growth. Four Seasons Hotel.

Oct. 21-24, Riyadh. Six Kings Slam. World No. 1 Jannik Sinner will defend his Six Kings Slam title when the exhibition tournament returns, to be streamed globally on Netflix. ANB Arena.

Oct. 26-29, Riyadh. Future Investment Initiative. Saudi Arabia’s keystone annual business conference, sponsored by the Public Investment Fund. King Abdulaziz International Convention Center. 

TANKER SCRAMBLE

Soaring demand for oil tankers is driving costs to record highs as Gulf producers struggle to keep crude flowing through the Strait of Hormuz. Prices for supertankers have topped $130 million, the highest since 2008, while charter rates are also soaring, the Financial Times reports. Meanwhile, ADNOC and Kuwait Petroleum have set up shuttle operations through the war-disrupted strait, and Iraq is offering bigger discounts to buyers willing to risk the passage. The scramble has sent daily rates on some Hormuz-to-China voyages above $550,000, with just 29 tankers now accounting for more than half of all trips through the strait.

EXTREMIST PURGE

Saudi Arabia’s Etidal, a government-backed center that tracks and analyzes extremist propaganda online, worked with Telegram to remove some 34 million pieces of content and shut down 1,275 channels in the first half of 2026. The material – including videos, audio files, documents and other propaganda – was posted on Telegram, the popular messaging app whose public channels can reach large audiences, Arab News reports. Etidal identifies material linked to groups such as ISIS and Al Qaeda and flags it for Telegram, whose moderators decide what to remove. Since the partnership began in 2022, Telegram has removed nearly 293 million items and closed more than 20,000 channels identified through the effort. 

Public Investment Fund: Cenomi Centers is teaming up with the Saudi sovereign wealth fund to develop a shopping mall in Medina’s Al Madinah Downtown project.

Oman Investment Authority: Oman Investment Authority President Abdulsalam Al Murshidi led a delegation visiting Solidcore Resources’ Kyzyl mine and processing plant in Kazakhstan.

ADNOC: The UAE national oil company’s ADNOC Distribution unit agreed to sell a minority stake in Shell Downstream South Africa to Reatile Group after it completes a planned $1 billion acquisition of the company in 2027.

✈️ Jet Fuel: The U.S. State Department approved a possible $4.5 billion sale to Qatar of as many as four Boeing KC-46A aerial refueling tankers, with Boeing, RTX and Northrop Grumman serving as the principal contractors.

🚧 Construction Phase: Sharjah-based Arada won a contract to develop a $1.4 billion residential project in Broadbeach on Australia’s Gold Coast.

💵Capital Takeover: Exits MENA, an investment advisory firm, is acquiring Avanz Capital Egypt, which will be rebranded as Exits Manara.

⚡Energy Sector: Saudi Arabia is developing four battery energy storage projects with a combined capacity of 2,000MW and a four-hour storage duration, backed by $1.2 billion in investment to strengthen grid reliability amid rising electricity demand.

🚨Finance Crackdown: Two Binance employees were briefly detained by UAE authorities over inquiries into possible financial crimes, but the crypto exchange said they were cleared and released, Reuters reports.

⛳ Golf Reset: The PGA Tour will adopt a two-tier structure in 2028 with at least $20 million in prize money for elite events, cementing changes made to fend off Saudi-backed LIV Golf, whose challenge to the U.S. tour has effectively collapsed after five years of upheaval, the Financial Times reports.

🕸️ Air Connection: Qatar Airways said it will become the first airline to operate a fleet of Boeing 787-9 aircraft equipped with onboard Wi-Fi provided by Starlink.

📉 Declining Assets: Moody’s expects Qatari banks’ net profits to decline in 2026 as higher credit costs put pressure on asset quality amid the Middle East conflict.

Emir of Kuwait Sheikh Meshal Al-Ahmed, met with Jasem Albudaiwi, Secretary General of the Gulf Cooperation Council, on Tuesday at Al Bayan Palace in Kuwait.

Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs, held a phone call with Omar Bula Escobar, Minister of Foreign Affairs of Colombia.

Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of northern emirate Ras Al Khaimah, met with UAE Government Cyber Security Council on Tuesday.

Nasser Al Sharji was named as Oman Air’s new CEO starting Sept. 1, replacing Con Korfiatis, who oversaw a two-year restructuring of the national carrier.

Khalid Alia was appointed Chief Digital and Customer Experience Officer at stc Bahrain, a digital enabler.

Mohammad Al Sari was appointed as CEO of HRE Development, a Dubai-based real estate developer. 

🎨 Kids’ Canvas: Abu Dhabi is preparing to stage what organizers call the Arab world’s first outdoor art biennale devoted to children. The one-month show, scheduled to start Nov. 6, will fill the capital city’s Umm Al Emarat Park with works designed to be experienced through touch, sound, movement and light, The National reports. Among the featured artists will be Alia AlShamsi of the UAE, Hana El-Sagini from Egypt and Indonesia’s Eko Nugroho. 

📷 Photo of the Day

August 28-Sept. 6, Abu Dhabi. Abu Dhabi International Hunting and Equestrian Exhibition. An annual event celebrating traditional Emirati heritage and culture. ADNEC center.

August 30-Sept. 2, Riyadh. Big 5 Construct. The event connects construction industry stakeholders with suppliers in Saudi Arabia. Riyadh Front Exhibition & Conference Center.

August 31-Sept. 3, Riyadh. LEAP Expo Riyadh. A major tech trade show for the Middle East, which includes a global startup live pitch event. RECC Malham.

Sept. 1-3, Dubai. Middle East Energy.  A three-day energy exhibition in Dubai brings together utilities, developers, manufacturers and industry professionals. Dubai World Trade Centre.  

Sept. 1-3, Doha. Qatar Event Show. Brings together the events industry through a three-day program featuring exhibitions, conferences, workshops and networking opportunities. Doha Exhibition & Convention Center.

Sept.7-8, Abu Dhabi. Hili Forum. The events bring policymakers and leading experts to examine the future of regional security, trade and energy corridors and technology. The St. Regis Saadiyat Island Resort.

Sept. 7-9, Dubai. AIM Congress. The global investment platform’s annual meeting brings together investors, governments, businesses and policymakers. Dubai World Trade Centre.  

Sept. 11-13, Abu Dhabi. Middle East Film & Comic Con. Featuring some of the world’s biggest brands in film, TV, sci-fi, animation, manga, comics and collectibles. ADNEC Centre.  

Sept. 13-18, Abu Dhabi. Abu Dhabi International Book Fair. Fostering collaboration between regional publishing sectors and creative industries. ADNEC Centre.

Sept. 14-16, Riyadh. Money 20/20. The event brings together banks, Big Tech, fintechs, regulators, startups and investors. Riyadh Exhibition & Convention Centre. 

Sept.14-17, Bangkok. Gastech.  The global energy event brings together global energy leaders, policymakers and industry experts to explore natural gas, LNG, hydrogen, low-carbon solutions, electrification and AI. Bangkok International Trade & Exhibition Centre.

Sept. 14-18, Dubai. Arabian Travel Market. The flagship global travel trade show, which was postponed in May, returns, bringing 55,000+ travel professionals, 2,800+ exhibitors and representatives from 166 countries. Dubai World Trade Centre.

Sept. 15-17, Dubai. Arab Media Forum. The region’s largest media gathering, organized by the Dubai Press Club. Dubai World Trade Centre.

Sept. 16-18, Dubai. GISEC Global. MENA’S largest cybersecurity event brings together governments, CISOs, technology companies and cybersecurity experts to explore emerging threats, AI security, and other technologies. Dubai Exhibition Centre. 

Sept. 17-19, Abu Dhabi. International Real Estate & Investment Show 2026. An event targeting investors and consumers rather than trade visitors. ADNEC Centre.

Sept. 20, New York. Qatar Economic Forum, Powered by Bloomberg: UNGA Special Edition 2026. The forum will host a special leadership gathering alongside the 2026 UNGA in New York, bringing together global leaders to explore capital, risk and resilience in a volatile global economy.

Sept. 28-Oct. 1, Singapore. SuperReturn Asia. The region’s premier private capital gathering. Marina Bay Sands Convention Centre.

Sept. 29-Oct. 1, Abu Dhabi. LIVEX 2026. Abu Dhabi’s inaugural Livability and Investment Exhibition. ADNEC Centre.

Oct. 6-7, Abu Dhabi. AiEverything.The AI Summit brings together policymakers, innovators and business leaders. ADNEC.

Oct. 7-9, Singapore. Milken Institute Asia Summit. Bringing together a global community of influential leaders shaping the next era of intelligence, collaboration and growth. Four Seasons Hotel.

Oct. 21-24, Riyadh. Six Kings Slam. World No. 1 Jannik Sinner will defend his Six Kings Slam title when the exhibition tournament returns, to be streamed globally on Netflix. ANB Arena.

Oct. 26-29, Riyadh. Future Investment Initiative. Saudi Arabia’s keystone annual business conference, sponsored by the Public Investment Fund. King Abdulaziz International Convention Center.