ISLAMIC SURGE

Global Islamic finance assets are projected to soar by more than 60% over the next four years to $9.7 trillion, driven by gains in banking, bonds and insurance markets. According to a study by the London Stock Exchange and the Islamic Corp. for the Development of the Private Sector, the sector has been growing by an average 10% annual rate, Arab News reports. The report says Iran, Saudi Arabia and Malaysia together hold roughly $4.3 trillion in Islamic finance assets, or about 72% of the total. It says the U.K. has emerged as a key hub for Islamic finance, particularly in the sale of sustainable sukuk bonds.

FOOTBALL FUNDS

With Saudi Arabia pouring billions into sports such as golf, soccer and tennis, some of the biggest U.S. colleges are looking to the kingdom as a possible funding source for their costly football programs. The general manager of the University of North Carolina’s football team, Michael Lombardi, recently traveled to Saudi Arabia on what the school called an “exploratory fundraising trip,” The Athletic reports. UNC officials said Lombardi went on a Saudi-funded trip to meet with high-level figures interested in supporting the program, though no agreements emerged. The visit reflects broader efforts by universities to seek alternative revenue streams as college sports grow more expensive, the newspaper said.

Qatar Investment Authority: Beta Technologies, a Vermont-based electric aviation startup backed by the QIA, will price the shares for its upcoming IPO between $27 and $33, seeking to raise as much as $825 million, TechCrunch reports.

International Holding Co.: Mariam Almheiri, CEO of 2PointZero, the $33 billion IHC-owned group being created through the merger of three Abu Dhabi companies, told The National that an expanded balance sheet and capital strength would give the new “investment powerhouse” financial muscle to fund aggressive growth targets.

Abu Dhabi Investment Authority: Lenskart Solutions is planning an IPO in Mumbai next month that would value the Indian eyewear maker at about $9 billion, significantly boosting the value of ADIA’s stake in the company, Bloomberg reports.

🚢 Concrete Takeover: P&O Maritime Logistics, a subsidiary of Dubai-based port operator DP World, has completed the acquisition of a controlling stake in NovaAlgoma Cement Carriers.

💆🏻‍♀ Alternative Investment: India’s Dhanwantari Vidyasala Group is investing at least $27 million to open 10 centers practicing traditional Ayurvedic therapy across the UAE over the next three years, starting in Dubai, Al Khaleej reports.

💰 Helping Hand: Saudi Arabia’s Small and Medium Enterprises Financing Guarantee Program, known as Kafalah, boosted small business funding by 8% year-on-year in the third quarter to $3.7 billion. 

💵 Sales Simulation: Second Nature, an Israeli startup that trains sales teams through AI-generated, simulated conversations, raised $22 million in a Series B funding round led by Zoom.

🌊 Cable to Damascus: Syria is set to award a contract to build its $500 million SilkLink national fiber optic network next month, creating a key data corridor between Asia and Europe.

📈 New Market: Uzbekistan’s fintech and e-commerce startup Uzum, valued at $1.5 billion, is looking at Abu Dhabi, together with London and New York, as a possible market to trade its shares, Co-founder Nikolay Seleznev told Reuters.

🛡️ Defense Pact: Saudi Arabia is discussing a defense agreement with the Trump administration similar to the U.S.-Qatar pact concluded last month that pledged to regard any attack on the Gulf state as a threat to American “peace and security,” The Financial Times reports.

🎭 Cultural Shift: Saudi Arabia’s recent cultural initiatives, from the Riyadh Comedy Festival to a $55 billion gaming deal with Electronic Arts, reflect an inward-focused effort to reshape domestic life in the kingdom rather than simply trying to burnish its global image, Kareem Shaheen writes in New Lines magazine.

UAE President Sheikh Mohamed bin Zayed received a letter from Saudi Crown Prince Mohammed bin Salman, inviting the UAE to participate in Expo 2030 Riyadh.

Prince Faisal bin Farhan, Saudi Arabia’s Foreign Minister, held a phone call on Thursday with his Pakistani counterpart Ishaq Dar.

Sheikh Bandar bin Mohammed bin Saoud, Governor of Qatar Central Bank and Chairman of the Qatar Investment Authority, met with Citigroup Chairman John Dugan and Euroclear Chairman Francesco Vanni d’Archirafi on the sidelines of the IMF and World Bank meetings in Washington, D.C.

Saad al-Kaabi, Qatar’s Energy Minister, said in an interview with Reuters that a proposed European Union law targeting long-term gas contracts could discourage investment and strain business ties, warning policymakers not to undermine energy security through overregulation.

Mahmoud Khalifa, Executive Investment Director of Egypt’s CI Capital PE for Fund Management and Investment, told Zawya Arabic that the group plans to launch a fund worth $21 million to invest in troubled industrial companies, in partnership with local banks and financial institutions.

Viktoria Beromelidze was appointed Head of Debt Capital Markets at Saudi Arabian investment bank BSF Capital.

Toon Gyssels, COO of Talabat, was named CEO of the online food delivery business on Thursday.

Razan Al Mubarak, Managing Director of the Environment Agency Abu Dhabi,was voted in for a second term as President of the International Union for Conservation of Nature on Thursday.

🎨 Under the Hammer: Christie’s has published highlights from its upcoming Modern and Contemporary Middle Eastern Art sale in London, taking place on Nov. 6. Among the pieces from the region’s most celebrated artists are “Automne,” a masterpiece by Jerusalem-born Lebanese artist Paul Guiragossian, “Gardenia” by New York-based Palestinian abstract artist Samia Halaby and “Mekarzel Hill” by Mahmoud Said, regarded as the father of Egyptian modernism.

Oct. 15-18, Sharjah. Evolve Future Mobility Show. Shaping the future of the electric vehicle industry in the region. Sharjah Expo Center.

Oct. 16-21, Riyadh. Riyadh Fashion Week. A six-day event featuring more than 30 runway shows. Various locations.

Oct. 21-23, Dubai. Healthcare Future Summit. The summit explores the evolving landscape of vaccine innovation and global disease control. Dubai World Trade Center. 

Oct. 22, Abu Dhabi. Reuters NEXT Gulf Summit. Hosting critical conversations with world leaders, innovators and market movers to define the Middle East’s next chapter. St Regis Saadiyat.

Oct. 22, Dubai. S&P Global Ratings 15th Annual Islamic Finance Conference. An in-depth look at the global Islamic finance landscape. DIFC Atrium. 

Oct. 22-24, Sharjah. World Investment Conference & Sharjah Investment Forum. A global investment summit exploring foreign direct investment, policies and collaboration for resilient and sustainable growth. Al Jawaher Reception and Convention Centre.

Oct. 27, Dubai. The UAE Africa Tourism Investment Summit. Hosted by the UAE Ministry of Economy and Tourism as part of Future Hospitality Summit World 2025 to foster investment and strengthen tourism partnerships between the UAE and African nations. Madinat Jumeirah.

Oct. 27-28, Jeddah. Sustainable Coastal Development Forum. Exploring strategic solutions for developing eco-friendly coastal communities. Hilton Jeddah.

Oct. 27-29, Dubai. Future Hospitality Summit. Connecting global investment opportunities and projects to hospitality decision-makers. Madinat Jumeirah. 

Oct. 27-30, Riyadh. Future Investment Initiative, 9th Edition. Investors, corporate executives, cabinet ministers and political leaders from around the world attend Saudi Arabia’s flagship business conference. King Abdulaziz International Conference Center.

Nov. 1-2, Dubai. Women’s Empowerment Convention. The 3rd Women’s Leadership Forum unites global trailblazers, headlined by fashion icon Anna Wintour and storytelling pioneer Candace Bushnell. Atlantis The Royal Conference Center.

Nov. 3-6, Abu Dhabi. ADIPEC. Bringing together professionals, companies, and government leaders to discuss and showcase the latest developments in oil, gas, and cleaner energy technologies. ADNEC Center.

Nov. 4-9, Dubai. Dubai Design Week. The Middle East’s largest creative festival, showcasing more than 200 events across architecture, product, furniture, interior and graphic design. D3.

Nov. 17-21, Dubai. Dubai Airshow 2025. The biennial exhibition attracts aerospace companies from around the world to the UAE. DWC, Al Maktoum International Airport.

Dec 8-9, Riyadh. Hydrogen Arabia Summit & Exhibition. The inaugural event is aimed at positioning the Kingdom as a hub for hydrogen and clean energy collaboration. Crowne Plaza Riyadh RDC.

TURKEY CHASE

UAE banks are stepping in to offer corporate loans in Turkey, where foreign investors are shying away from political turbulence and a credit squeeze that has seen interest rates held at a staggering 40%. Emirati lenders are opening local offices and hiring Turkish bankers as they double down on the lucrative market. Over the past five months Emirates NBD and Dubai Islamic Bank have granted about $440 million in financing, including loans to telecom Turkcell and supermarket chain A101, while DIB made an Islamic financing deal with Turkish Airlines, Bloomberg reports. That builds on a UAE push to lend to Turkish banks following a trade deal signed in 2023. Emirates NBD and Abu Dhabi Commercial Bank have become the second and third-largest bookrunners for syndicated loans to Turkish banks, according to Bloomberg.

BON APPETIT

France’s fine food bible, the Michelin Guide, launched in Saudi Arabia on Wednesday, unveiling the first of three batches of restaurants that made the cut. The first stage named restaurants that made the Bib Gourmand category, awarded to eateries offering high-quality food at lower prices, as well as those that made the guide without any award. Saudi breakfast joint Tameesa, contemporary Saudi eatery Mirzam and Japanese restaurant Kayzo were among the Bib Gourmand selections for Riyadh, Arab News reports. Restaurants that earned coveted Michelin stars will be announced on Nov. 15 and Dec. 15.

MGX: Anthropic CEO Dario Amodei held talks in Abu Dhabi with MGX just weeks after the AI startup closed one of the largest venture financing rounds in tech history. Meanwhile, MGX and BlackRock’s Global Infrastructure Partners confirmed that they are leading a $40 billion acquisition of Aligned Data Centers. 

ADQ: The Abu Dhabi sovereign wealth fund signed a three-year sponsorship deal with Azerbaijan’s Neftçi PFK soccer team.

G42: Presight, a G42 subsidiary, said it is expanding its digital solutions into new markets across four continents.

Mubadala: Abu Dhabi sovereign wealth fund Mubadala has begun marketing five-year dirham bonds, Reuters reports.

🛍️ Retail Money: UAE retail conglomerate, Majid Al Futtaim Properties, priced its $500 million 10-year senior unsecured Islamic bonds.

💰 Financial Relations: Saudi Specialized Medical Company secured a $293 million Islamic-compliant credit facility agreement with Saudi Awwal Bank to finance the construction of SMC 4 Hospital in Riyadh.

👷🏻‍♂️Saudi Bound: KEC International won a $118 million contract to provide the design and supply materials for a substation in Saudi Arabia.

💵 Trade Ties: DBS Group, the largest bank in Southeast Asia, partnered with Riyadh-based Banque Saudi Fransi to boost trade finance and payment flows between Asia and Saudi Arabia.

⛏️ Metal Drive: Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef said the kingdom plans to establish a national scrap metal company to support roughly $16 billion in steel-sector investments.

🏦 Riyadh Footprint: JPMorgan Chase obtained a license to open a regional headquarters in Saudi Arabia, the latest bank to fall in line with rules making establishment of a Mideast base  in the kingdom into a prerequisite for government contracts, Bloomberg reports.

🚀 To Space: Oman’s Civil Aviation Authority has introduced a framework allowing commercial spaceflights from the sultanate.

💼 Swiss Bankers: UBS bank opened an advisory office in Abu Dhabi’s ADGM, its second office in the UAE.

✈️ Stronger Ground: The UAE passport surpassed both the U.S. and Canada to become the eighth most powerful in the world, with visa-free access to 184 destinations, according to the latest Henley Passport Index.

UAE President Sheikh Mohamed bin Zayed directed an expansion of nature reserves in Abu Dhabi to reach 20% of the emirate’s total land area. 

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, UAE Deputy Prime Minister and Minister of Defense, and Chairman of The Executive Council of Dubai, met with more than 40 founders and CEOs of Indian unicorn companies on Wednesday.

Sheikh Maktoum bin Mohamed, UAE Minister of Finance and Deputy Prime Minister, met with Børge Brende, President and CEO of the World Economic Forum, on the sidelines of the Annual Meetings of the Global Future Councils and Cybersecurity 2025, organised by the UAE Government in partnership with the Forum.

Prince Abdulaziz bin Salman, Saudi Arabia’s Minister of Energy, met with Alexander Novak, Russia’s Deputy Prime Minister, on Wednesday to discuss OPEC+ actions on oil.

Sheikha Latifa bint Mohammed bin Rashid, Chairperson of Dubai Culture and Arts Authority, visited GITEX Global 2025 on Wednesday.

Sheikh Mohammed bin Rashid bin Mohammed bin Rashid, a Dubai royal, visited GITEX Global 2025 on Wednesday.

Musab Abdulla, Director of the ICT sector at Bahrain’s Economic Development Board, said the country wanted to develop more sustainable energy, however, it was juggling demand for space between solar plants and data centers. 

Ken Gilmartin, Group CEO of U.K.-based John Wood Group, will step down after an upcoming shareholder vote on its $292 million takeover by UAE-based engineering company Sidara.

Sabah Salem Al Shamsi was appointed Assistant Secretary General of The Executive Council of Dubai for Government Communication and General Secretariat Affairs. 

Prof. Robert F. Engle and Prof. Sir Konstantin Novoselov, two Nobel Laureates, have become part of the advisory board of ADIA Lab, the independent Abu Dhabi-based institute dedicated to basic and applied research in data and computational sciences.

Emad Saad, Chairperson of Avrio Gold, said the company is preparing to open a new factory for producing gold jewellery and bullion in Egypt.

🏛️ Opening Day: Zayed National Museum will open to the public on Dec. 3, the day after UAE National Day, the Department of Culture and Tourism Abu Dhabi announced. The museum, designed by U.K. firm Foster+Partners, already dominates the skyline of the growing Saadiyat Cultural District, with five gigantic steel structures shaped like the feathers of a falcon. The museum will tell the story of the UAE through its collection of more than 3,000 artifacts, including the Abu Dhabi Pearl, one of the world’s oldest natural pearls.

Oct. 13-17, Dubai. GITEX Global. The giant tech and startup show is back for its 45th edition, bringing together government and industry leaders., innovators and government. Dubai World Trade Center.

Oct. 15-18, Sharjah. Evolve Future Mobility Show. Shaping the future of the electric vehicle industry in the region. Sharjah Expo Center.

Oct. 16-21, Riyadh. Riyadh Fashion Week. A six-day event featuring more than 30 runway shows. Various locations.

Oct. 21-23, Dubai. Healthcare Future Summit. The summit explores the evolving landscape of vaccine innovation and global disease control. Dubai World Trade Center. 

Oct. 22, Abu Dhabi. Reuters NEXT Gulf Summit. Hosting critical conversations with world leaders, innovators and market movers to define the Middle East’s next chapter. St Regis Saadiyat.

Oct. 22, Dubai. S&P Global Ratings 15th Annual Islamic Finance Conference. An in-depth look at the global Islamic finance landscape. DIFC Atrium. 

Oct. 22-24, Sharjah. World Investment Conference & Sharjah Investment Forum. A global investment summit exploring foreign direct investment, policies and collaboration for resilient and sustainable growth. Al Jawaher Reception and Convention Centre.

Oct. 27, Dubai. The UAE Africa Tourism Investment Summit. Hosted by the UAE Ministry of Economy and Tourism as part of Future Hospitality Summit World 2025 to foster investment and strengthen tourism partnerships between the UAE and African nations. Madinat Jumeirah.

Oct. 27-28, Jeddah. Sustainable Coastal Development Forum. Exploring strategic solutions for developing eco-friendly coastal communities. Hilton Jeddah.

Oct. 27-29, Dubai. Future Hospitality Summit. Connecting global investment opportunities and projects to hospitality decision-makers. Madinat Jumeirah. 

Oct. 27-30, Riyadh. Future Investment Initiative, 9th Edition. Investors, corporate executives, cabinet ministers and political leaders from around the world attend Saudi Arabia’s flagship business conference. King Abdulaziz International Conference Center.

Nov. 1-2, Dubai. Women’s Empowerment Convention. The 3rd Women’s Leadership Forum unites global trailblazers, headlined by fashion icon Anna Wintour and storytelling pioneer Candace Bushnell. Atlantis The Royal Conference Center.

Nov. 3-6, Abu Dhabi. ADIPEC. Bringing together professionals, companies, and government leaders to discuss and showcase the latest developments in oil, gas, and cleaner energy technologies. ADNEC Center.

Nov. 4-9, Dubai. Dubai Design Week. The Middle East’s largest creative festival, showcasing more than 200 events across architecture, product, furniture, interior and graphic design. D3.

Nov. 17-21, Dubai. Dubai Airshow 2025. The biennial exhibition attracts aerospace companies from around the world to the UAE. DWC, Al Maktoum International Airport.

Dec 8-9, Riyadh. Hydrogen Arabia Summit & Exhibition. The inaugural event is aimed at positioning the Kingdom as a hub for hydrogen and clean energy collaboration. Crowne Plaza Riyadh RDC.

TALENT GRAB

The September rollout of an AI-enhanced laptop by Saudi Arabia’s Humain artificial intelligence company and Qualcomm underscored the kingdom’s push to localize its tech ambitions – with $10 billion in backing from the Public Investment Fund. However, Humain is struggling to recruit the necessary expertise to deliver on Crown Prince Mohamed bin Salman’s greater tech vision, leading it to lure foreign specialists already working for other Saudi AI initiatives, Intelligence Online reports. Senior talent has migrated from the Saudi Data and AI Authority and the Saudi Company for Artificial Intelligence, raising fears of cannibalization rather than capacity building. The most prominent example is Australian executive Anthony Butler, who moved directly from SDAIA to become Humain’s chief AI architect, while several senior engineers have also shifted to Humain.

WISE RETURNS

London-based money transfer company Wise has secured approvals to operate in the UAE, five years after its first attempt to expand into the Emirates was blocked by regulatory hurdles. The firm offers cheaper global money transfers and foreign exchange than traditional banks by allowing clients to send money online at the mid-market exchange rate for a fixed fee. It has 15 million customers around the world and moves about $50 billion every quarter. Wise’s arrival comes as another London fintech, Revolut, is preparing to launch in the UAE after receiving regulatory approvals from the Central Bank. The arrival of the so-called neobanks follows the launch of homegrown Wio Bank, backed by ADQ, e& and FAB, three years ago, which popularized app-based banking in the UAE.

International Holding Co: Multiply Group, a subsidiary of Abu Dhabi’s IHC conglomerate, said it acquired 2PointZero and Ghitha Holding via a share swap, creating a $33 billion investment platform.

G42: UAE’s G42 will launch its sovereign artificial intelligence cloud in France within the coming months, a key step in its plan to expand globally and boost international supercomputing capabilities. 

G42: UAE telecom operator e& will soon offer satellite-based 5G connectivity through a deal with Abu Dhabi’s Space42, a joint venture between G42, Mubadala and IHC, expanding internet access and resilience after recent Red Sea cable disruptions.

Masdar: Turkey is finalizing a $1 billion investment from UAE-based Masdar for joint renewable energy projects, including a 1,100 MW pumped-storage solar plant.

ADQ: The Abu Dhabi Investment Office, ADQ-owned AD Ports Group and automotive manufacturer Stellantis signed an agreement to build an integrated automotive ecosystem in Abu Dhabi.

Public Investment Fund: State-owned Saudi Agricultural & Livestock Investment Co., a PIF subsidiary, plans to acquire full ownership of Olam Agri, the agribusiness unit of Singapore’s Olam Group, to advance the kingdom’s food security strategy, Bloomberg reports.

The Kuwait Fund for Arab Economic Development signed two loans with Belize and Saint Lucia, totaling about $26 million, to co-finance major highway projects.

📊 Contractor Climbs: Dubai-based contractor Alec Holdings’ shares rose up to 7.14% on debut after its $381 million IPO, Bloomberg reports.

🤝 Merger Move: Solidarity Bahrain, one of the country’s biggest insurers, agreed to acquire Bahrain National Insurance from its parent company Solidarity Group for about $146 million.

💰 Increase Output: Egypt launched a five-year, $5.7 billion plan to drill 480 oil and gas wells, banking on expectations the project will attract foreign investment.

🏗️ Rebuilding Gaza: The ceasefire pact in Gaza, signed last week, may set off a scramble among international companies for lucrative construction contracts, amid estimates that rebuilding the war-ravaged territory will cost $58 billion, The New York Times reports.

💵 Startup Surge: Startups in the Middle East raised a record $1.2 billion in the third quarter, almost quadrupling the amount for the same period last year, according to data platform Magnitt.

📈 Saudi Growth: The International Monetary Fund raised its growth forecast for Saudi Arabia in 2025 to 4% in its October outlook, revising its July estimate of 3.6%. It raised its forecast for 2026 to 4% from 3.9%.

⚖️ Penalty Time: The Dubai International Finance Centre court ordered NMC Healthcare founder and former CEO BR Shetty to pay $46 million to State Bank of India after finding he lied under oath.

Prince Faisal bin Farhan, Saudi Arabia’s Foreign Minister, met with Portuguese Foreign Minister Paulo Rangel in Riyadh on Tuesday.

Sheikh Hamdan bin Zayed, the Abu Dhabi Ruler’s Representative in the Al Dhafra Region and Chairman of the Environment Agency – Abu Dhabi, issued a decree on continuing preserving the emirate’s biodiversity.

FIFA President Gianni Infantino said the organization will support efforts to rebuild soccer infrastructure in Gaza, speaking at the summit meeting of world leaders in Sharm El-Sheikh, Egypt, on Monday.

Mohammed Al Jadaan, Saudi Arabia’s Finance Minister, warned that rising global debt levels may lead to economic instability, speaking at the Atlantic Council in Washington on Tuesday.

Gwendal Poullennec, International Director of the Michelin Guide, said he hoped to see more independent and smaller restaurants “blossom” in Saudi Arabia, speaking to Arab News ahead of today’s launch of the French fine food bible in the kingdom.

Joshua Kushner, founder and Managing Partner of Thrive Capital, an early investor in OpenAI, Instagram and Slack, is the subject of a profile in Colossus.

👠 Fashion Forward: Riyadh Fashion Week returns on Thursday for its third edition, a city-wide extravaganza with more than 30 runway shows and presentations across six days. British designer Stella McCartney, known for sustainable luxury, will present her first show in the kingdom on the final day. Another iconic British brand, Vivienne Westwood, will make its debut on the opening day, with a show of embroidered gowns blending British fashion heritage with Saudi craftsmanship, Arab News reports. It is the first time international brands have been featured at the event.

Oct. 13-17, Dubai. GITEX Global. The giant tech and startup show is back for its 45th edition, bringing together government and industry leaders., innovators and government. Dubai World Trade Center.

Oct. 14-16, Dubai. Global Future Council. The event on the Future of Growth convenes senior economists and thought leaders from across academia, business, government and civil society to provide intellectual guidance on new approaches to growth. 

Oct. 15-18, Sharjah. Evolve Future Mobility Show. Shaping the future of the electric vehicle industry in the region. Sharjah Expo Center.

Oct. 16-21, Riyadh. Riyadh Fashion Week. A six-day event featuring more than 30 runway shows. Various locations.

Oct. 21-23, Dubai. Healthcare Future Summit. The summit explores the evolving landscape of vaccine innovation and global disease control. Dubai World Trade Center. 

Oct. 22, Abu Dhabi. Reuters NEXT Gulf Summit. Hosting critical conversations with world leaders, innovators and market movers to define the Middle East’s next chapter. St Regis Saadiyat.

Oct. 22, Dubai. S&P Global Ratings 15th Annual Islamic Finance Conference. An in-depth look at the global Islamic finance landscape. DIFC Atrium. 

Oct. 22-24, Sharjah. World Investment Conference & Sharjah Investment Forum. A global investment summit exploring foreign direct investment, policies and collaboration for resilient and sustainable growth. Al Jawaher Reception and Convention Centre.

Oct. 27, Dubai. The UAE Africa Tourism Investment Summit. Hosted by the UAE Ministry of Economy and Tourism as part of Future Hospitality Summit World 2025 to foster investment and strengthen tourism partnerships between the UAE and African nations. Madinat Jumeirah.

Oct. 27-28, Jeddah. Sustainable Coastal Development Forum. Exploring strategic solutions for developing eco-friendly coastal communities. Hilton Jeddah.

Oct. 27-29, Dubai. Future Hospitality Summit. Connecting global investment opportunities and projects to hospitality decision-makers. Madinat Jumeirah. 

Oct. 27-30, Riyadh. Future Investment Initiative, 9th Edition. Investors, corporate executives, cabinet ministers and political leaders from around the world attend Saudi Arabia’s flagship business conference. King Abdulaziz International Conference Center.

Nov. 1-2, Dubai. Women’s Empowerment Convention. The 3rd Women’s Leadership Forum unites global trailblazers, headlined by fashion icon Anna Wintour and storytelling pioneer Candace Bushnell. Atlantis The Royal Conference Center.

Nov. 3-6, Abu Dhabi. ADIPEC. Bringing together professionals, companies, and government leaders to discuss and showcase the latest developments in oil, gas, and cleaner energy technologies. ADNEC Center.

Nov. 4-9, Dubai. Dubai Design Week. The Middle East’s largest creative festival, showcasing more than 200 events across architecture, product, furniture, interior and graphic design. D3.

Nov. 17-21, Dubai. Dubai Airshow 2025. The biennial exhibition attracts aerospace companies from around the world to the UAE. DWC, Al Maktoum International Airport.

RISING TOWER

Construction is set to begin this month on the $545 million Trump Tower Dubai, developer Dar Global has revealed. Rising along the busy Sheikh Zayed Road beside the Shangri-La Hotel, the tower will combine a Trump-branded hotel, opulent residences, and world-class amenities, the CEO Ziad El Chaar  told Arabian Gulf Business Insights. Homebuyers can choose from apartments and penthouses boasting sweeping views of the Burj Khalifa and Arabian Gulf, starting at $463,000. The project marks another milestone in Dar Global and the Trump Organization’s growing partnership across the Gulf, following ventures in Oman, Saudi Arabia, and Dubai. Trump tower was previously supposed to rise on the Palm in Dubai with developer Nakheel, but the move was cancelled in 2011 following the global credit crunch.

DIGITAL MARRIAGE

Couples in Abu Dhabi can now get married via a mobile app, completing the entire process online within a day. Launched on the sidelines of GITEX Global 2025, the service will be overseen by the Abu Dhabi Judicial Department via the TAMM app. Couples, witnesses, and officiants can join virtual ceremonies via WebEx. The marriage certificate, digitally signed with UAE Pass, can be issued within a day once documents are ready. The government also launched AutoGov, billed as the world’s first AI public servant, which automatically manages recurring tasks such as licence renewals and utility payments.

PIF: PIF-backed Jada Fund of Funds and Abu Dhabi-listed Investcorp Capital are among the investors backing the $750 million Investcorp Golden Horizon platform, a pre-IPO growth initiative anchored by China Investment Corporation. 

Aramco: Aramco President & CEO Amin H. Nasser told the Energy Intelligence Forum in London that Saudi Arabia’s national oil company is is determined to remain dominant in oil due to a massive resource base, low costs, and one of the lowest upstream carbon intensities across the industry.

G42: Space42, a G42 company, announced that its AI-powered geospatial intelligence platform, GIQ, is now available on the Microsoft Azure Marketplace to improve accessibility for customers. 

ADQ: Egypt’s master developer Midar signed a revenue-sharing agreement with Sodic, which is controlled by a consortium of ADQ and Aldar, to co-develop a $2.3 billion mixed-use project within the Mada City development in East Cairo.

⛽ Exploration Time: Algeria’s state-owned Sonatrach signed a $5.4 billion contract with Saudi Arabia’s Midad Energy for oil and gas exploration and exploitation in the Illizi South region.

🏥 Portfolio Gains: Al Mal Capital REIT, a Dubai Investments subsidiary listed on the Dubai Financial Market, acquired NMC Royal Hospital in Dubai Investments Park, expanding its portfolio to six assets worth about $381 million.

💵 Cashing In: Abu Dhabi developer Aldar Properties made $354 million from its sales at its Yas Living project, amid strong foreign demand, Bloomberg reports.

💰 Private Talks: Dubai-based bank Emirates NBD is in advanced talks to buy a stake in Indian private lender RBL Bank, Reuters reports.

🏛️ Capital Gains: U.S. fund manager Davidson Kempner Capital Management has joined the rush of hedge funds into the UAE, setting up shop in Abu Dhabi’s International Financial Centre, Bloomberg reports.

🏠 Advanced DIY: Sheikh Tahnoon bin Zayed, UAE National Security Adviser and G42 chairman, designed his own home using ChatGPT, G42 CEO Peng Xiao revealed during a panel discussion at GITEX Global 2025 on Tuesday.

🤝 Tech Rush: Dubai International Financial Centre and Partners for Growth, a global specialty credit manager, formed a strategic partnership to scale high-growth technology companies across Dubai and the GCC.

✈️ New Route: Lufthansa’s budget airline subsidiary Eurowings may add more flights to Abu Dhabi when it starts services from Berlin to the UAE capital in November, after the exit of Wizz Air, The National reports.

🛢️ Digging Wells: Kuwait Oil Company announced its third offshore discovery of the year at the 40-square-kilometer Jazza field, Reuters reports.

🏛️ Fresh Capital: Alternative investment platform BlueFive Capital launched its Oman-based legal entity ahead of opening a Muscat office.

UAE President Sheikh Mohamed bin Zayed held a phone call with Nikos Christodoulides, President of Cyprus, on Monday. 

Sheikh Mohamed has called for rain prayers to be held in all mosques across the UAE on Friday, half an hour before the Friday prayer, after a dry September and October.

Sheikh Mansour bin Zayed, UAE Vice President, Deputy Prime Minister and Chairman of the Presidential Court, led the UAE delegation to the Sharm El Sheikh Peace Summit in Egypt on Monday. Sheikh Mansour met on the sidelines with Turkey’s President Recep Tayyip Erdoğan, Iraq’s Prime Minister Mohammed Shia’ Al-Sudani and Emir of Qatar Sheikh Tamim.

Sheikh Mansoor bin Mohammed bin Rashid, Chairman of the Dubai Ports and Borders Security Council, attended the launch of Dubai Customs’ Advance Cargo Information system during GITEX Global 2025.

Omar Al Olama, UAE Minister for Artificial Intelligence, told Bloomberg that the first loop of the Dubai Loop, an underground transit system being built by Elon Musk’s Boring Co., is expected to be operational by the second quarter of 2026.

Salim al Harrasi, Head of Airport Projects at Oman’s Civil Aviation Authority, said that direct investments in Muscat’s airport city have surpassed $80 million, and are projected to exceed $500 million by 2030.

Kamal Shehadi, Lebanon’s Minister of Technology and AI, told The National at Gitex on Monday that governments need to have flexible frameworks and collaborate to keep up with AI.

Mohamed Ebrahim Hassan Al Mansoori was appointed as Undersecretary of the UAE’s Ministry of Energy and Infrastructure, for Infrastructure and Transportation Affairs, by a presidential decree.

Marwan Abdulaziz Janahi was appointed to the board at Vitalls, a UAE-based AI-powered digital health passport company.

Ahmed Issa Al Hosani, Director General of the Sharjah International Marine Sports Club, was appointed to the Formula 1 Racing Committee of the International Marine Sports Federation.

📚 Book Smart: Collectors in the UAE are taking a new interest in investing in rare books, amid growing nostalgia for old and tangible things for those living in futuristic megacities, The National reports. “I think it’s precisely because the UAE is such a new country and everything feels so futuristic that it drives a hunger for old things – they command a premium,” Alex Warren, founder of Zerzura, the UAE’s first and only dealer in rare books, told the newspaper.

Oct. 9-15, Abu Dhabi. IUCN World Conservative Congress. A gathering of conservation experts and leaders from around the world. ADNEC.

Oct. 12-15, Dubai. Expand NorthStar. An annual startup and investor event in Dubai that connects founders, the corporate sector and VCs across tracks like climate tech, deep tech, fintech, and innovation. Dubai Harbour.

Oct. 13-17, Dubai. GITEX Global. The giant tech and startup show is back for its 45th edition, bringing together government and industry leaders., innovators and government. Dubai World Trade Center.

Oct. 14-16, Dubai. Global Future Council. The event on the Future of Growth convenes senior economists and thought leaders from across academia, business, government and civil society to provide intellectual guidance on new approaches to growth. 

Oct. 15-18, Sharjah. Evolve Future Mobility Show. Shaping the future of the electric vehicle industry in the region. Sharjah Expo Center.

Oct. 21-23, Dubai. Healthcare Future Summit. The summit explores the evolving landscape of vaccine innovation and global disease control. Dubai World Trade Center. 

Oct. 22, Abu Dhabi. Reuters NEXT Gulf Summit. Hosting critical conversations with world leaders, innovators and market movers to define the Middle East’s next chapter. St Regis Saadiyat.

Oct. 22, Dubai. S&P Global Ratings 15th Annual Islamic Finance Conference. An in-depth look at the global Islamic finance landscape. DIFC Atrium. 

Oct. 22-24, Sharjah. World Investment Conference & Sharjah Investment Forum. A global investment summit exploring foreign direct investment, policies and collaboration for resilient and sustainable growth. Al Jawaher Reception and Convention Centre.

Oct. 27, Dubai. The UAE Africa Tourism Investment Summit. Hosted by the UAE Ministry of Economy and Tourism as part of Future Hospitality Summit World 2025 to foster investment and strengthen tourism partnerships between the UAE and African nations. Madinat Jumeirah.

Oct. 27-28, Jeddah. Sustainable Coastal Development Forum. Exploring strategic solutions for developing eco-friendly coastal communities. Hilton Jeddah.

Oct. 27-29, Dubai. Future Hospitality Summit. Connecting global investment opportunities and projects to hospitality decision-makers. Madinat Jumeirah. 

Oct. 27-30, Riyadh. Future Investment Initiative, 9th Edition. Investors, corporate executives, cabinet ministers and political leaders from around the world attend Saudi Arabia’s flagship business conference. King Abdulaziz International Conference Center.

Nov. 1-2, Dubai. Women’s Empowerment Convention. The 3rd Women’s Leadership Forum unites global trailblazers, headlined by fashion icon Anna Wintour and storytelling pioneer Candace Bushnell. Atlantis The Royal Conference Center.

Nov. 3-6, Abu Dhabi. ADIPEC. Bringing together professionals, companies, and government leaders to discuss and showcase the latest developments in oil, gas, and cleaner energy technologies. ADNEC Center.

Nov. 4-9, Dubai. Dubai Design Week. The Middle East’s largest creative festival, showcasing more than 200 events across architecture, product, furniture, interior and graphic design. D3.

Nov. 17-21, Dubai. Dubai Airshow 2025. The biennial exhibition attracts aerospace companies from around the world to the UAE. DWC, Al Maktoum International Airport.

POWER PLATFORM

Dubizzle Group, the Dubai-based classified and property tech firm, is getting ready to go public. The company, which is developing expansion plans across the MENA region, said it will offer about 30% of its share capital in an IPO on the Dubai Financial Market, with trading expected to begin early next month. Dubizzle operates a variety of digital platforms – most notably Dubizzle classified advertising and the Bayut real estate portal. The firm, which owns auto-listing service DriveArabia and data arm Property Monitor, acquired Egypt’s Hatla2ee online car market in February.

MIDEAST RESET

Egypt is convening a summit in Sharm el-Sheikh today with at least 20 heads of state, led by U.S. President Donald Trump, in an effort to cement an end to the two-year Gaza war and begin charting plans to rebuild the devastated enclave. Trump is due to arrive after a brief visit to Israel, joining Egyptian President Abdel Fattah El-Sisi as co-chair of the gathering. The meeting will also include Qatar’s Emir, Sheikh Tamim, and Turkish President Recep Tayyip Erdogan –  two leaders who, alongside the U.S. and Egypt, helped broker Friday’s cease-fire between Israel and Hamas. Leaders from France, Britain, Germany, Pakistan, and Indonesia are expected at the summit, along with the UN Secretary-General, the presidents of the European Council and the Arab League.

Saudi Arabia Refineries Co.: The Aramco-backed company signed a non-binding agreement with UAE-based Go Energy to study a joint green hydrogen and ammonia project.

International Holding Co: Multiply Group, a subsidiary of IHC, completed the $1 billion sale of its district cooling subsidiary, PAL Cooling Holding, to a consortium of Tabreed and CVC DIF. 

Qatar Investment Authority: BASF agreed to sell a majority stake in its coatings business to the QIA and Carlyle for about $6.7 billion.

Qatar Investment Authority: The QIA invested $535 million in Colombian energy company Isagen, bringing its stake up to almost 15%.

🛩️ Route Renewal: Saudia, Saudi Arabia’s flag carrier, flew the first direct Riyadh-to-Moscow flight to land in the Russian capital and said it plans three weekly flights on the route.

🤝 Major Energy: India’s Larsen & Toubro’s hydrocarbon onshore arm, together with Greece’s Consolidated Contractors, won a $1.7 billion contract to build a natural gas liquids plant.

🇨🇳 Panda Bonds: The Government of Sharjah is seeking a five-year, Chinese yuan-denominated syndicated loan of up to $400 million, Bloomberg reports.

🖥️ Revolut Arrives: U.K.-based fintech Revolut is working with the UAE Central Bank to launch services soon, aiming to serve the country’s large expatriate and remittance-driven market with more competitive prices.

🤝 Qatar Partnership: The Pentagon announced plans to host Qatari F-15 jets and train their pilots at Mountain Home Air Force Base in Idaho.

🏡 Dubai Jitters: Amid record-breaking home sales in Dubai and soaring prices, economists warn the pace resembles the lead-up to the 2009 crash, raising concerns about speculative excess and the sustainability of the current boom, Bloomberg reports.

🪙 Crypto Capital: Dubai has unveiled a plan to become a top-three global financial hub and double the financial sector’s GDP share, built on virtual assets, capital markets and FinTech.

🚁 Up and Away: Chinese company Aridge demonstrated its flying car, which has already attracted pre-orders from the UAE and Qatar, over Dubai’s glitzy Palm Jumeirah on Sunday.

UAE President Mohamed bin Zayed, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman sent condolences to Emir of Qatar Sheikh Tamim after the death of several diplomats from a Qatari delegation in a car accident in Egypt’s Sharm el-Sheikh on Sunday.

Sheikh Maktoum bin Mohammed, First Deputy Ruler of Dubai, Deputy Prime Minister, UAE Minister of Finance, and Chairman of the Higher Committee for the Development of the Economic and Financial Sector in the emirate of Dubai, chaired a committee meeting approving a strategy to strengthen Dubai’s position as the world’s largest licensed Virtual Assets market.

Sheikh Tahnoon bin Zayed, UAE National Security Advisor, Deputy Ruler of Dubai and Chairman of International Holding Co., met with computer scientist Roman Yampolskiy, Director of the Cybersecurity Laboratory at University of Louisville, to discuss artificial intelligence trends.

Reem Al Hashimy, UAE Minister of State for International Cooperation and the UAE Foreign Minister’s Special Envoy to Ukraine, met with Ukraine President Volodymyr Zelensky on Friday in Kyiv.

Majid Al-Hogail, Saudi Arabia’s Minister of Municipalities and Housing, said the kingdom’s mortgage financing portfolio has exceeded $240 billion, in comments during the Qatar Real Estate Forum in Doha.

🎈 Floating Parade: The annual Riyadh Season festival opened on Friday with a spectacular procession of giant balloons borrowed from New York’s Macy’s Thanksgiving Day parade. It is the first time the iconic balloons, which were shipped to the Saudi capital for the occasion, have been displayed outside the U.S. The Riyadh Season was introduced in 2019 to promote the kingdom’s entertainment, cultural and sporting events over the cooler winter months.

Oct. 9-15, Abu Dhabi. IUCN World Conservative Congress. A gathering of conservation experts and leaders from around the world. ADNEC.

Oct. 12-15, Dubai. Expand NorthStar. An annual startup and investor event in Dubai that connects founders, the corporate sector and VCs across tracks like climate tech, deep tech, fintech, and innovation. Dubai Harbour.

Oct. 13-17, Dubai. GITEX Global. The giant tech and startup show is back for its 45th edition, bringing together government and industry leaders., innovators and government. Dubai World Trade Center.

Oct. 14-16, Dubai. Global Future Council. The event on the Future of Growth convenes senior economists and thought leaders from across academia, business, government and civil society to provide intellectual guidance on new approaches to growth. 

Oct. 15-18, Sharjah. Evolve Future Mobility Show. Shaping the future of the electric vehicle industry in the region. Sharjah Expo Center.

Oct. 21-23, Dubai. Healthcare Future Summit. The summit explores the evolving landscape of vaccine innovation and global disease control. Dubai World Trade Center. 

Oct. 22, Abu Dhabi. Reuters NEXT Gulf Summit. Hosting critical conversations with world leaders, innovators and market movers to define the Middle East’s next chapter. St Regis Saadiyat.

Oct. 22, Dubai. S&P Global Ratings 15th Annual Islamic Finance Conference. An in-depth look at the global Islamic finance landscape. DIFC Atrium. 

Oct. 22-24, Sharjah. World Investment Conference & Sharjah Investment Forum. A global investment summit exploring foreign direct investment, policies and collaboration for resilient and sustainable growth. Al Jawaher Reception and Convention Centre.

Oct. 27, Dubai. The UAE Africa Tourism Investment Summit. Hosted by the UAE Ministry of Economy and Tourism as part of Future Hospitality Summit World 2025 to foster investment and strengthen tourism partnerships between the UAE and African nations. Madinat Jumeirah.

Oct. 27-28, Jeddah. Sustainable Coastal Development Forum. Exploring strategic solutions for developing eco-friendly coastal communities. Hilton Jeddah.

Oct. 27-29, Dubai. Future Hospitality Summit. Connecting global investment opportunities and projects to hospitality decision-makers. Madinat Jumeirah. 

Oct. 27-30, Riyadh. Future Investment Initiative, 9th Edition. Investors, corporate executives, cabinet ministers and political leaders from around the world attend Saudi Arabia’s flagship business conference. King Abdulaziz International Conference Center.

Nov. 1-2, Dubai. Women’s Empowerment Convention. The 3rd Women’s Leadership Forum unites global trailblazers, headlined by fashion icon Anna Wintour and storytelling pioneer Candace Bushnell. Atlantis The Royal Conference Center.

Nov. 3-6, Abu Dhabi. ADIPEC. Bringing together professionals, companies, and government leaders to discuss and showcase the latest developments in oil, gas, and cleaner energy technologies. ADNEC Center.

Nov. 4-9, Dubai. Dubai Design Week. The Middle East’s largest creative festival, showcasing more than 200 events across architecture, product, furniture, interior and graphic design. D3.

Nov. 17-21, Dubai. Dubai Airshow 2025. The biennial exhibition attracts aerospace companies from around the world to the UAE. DWC, Al Maktoum International Airport.

CITY CENTER

A new “full-scale small city” has been slated for development on the road between Dubai and Abu Dhabi, amid a strained housing market in both cities from strong population growth. The $15 billion housing project by Dubai-based Mira Developments will include 14,000 apartments, 1,700 villas, 1,000 townhouses, schools, hotels and a mall. Construction will start in the next 12 months and is expected to be complete by the end of 2035. Mira is purchasing the land at Al Mamoura, roughly halfway between the UAE’s two biggest cities, from ADQ-owned AD Ports Group in a $673 million deal, which was announced on Monday. Funding will come from the company’s own equity and Swiss funds, Mira CEO Timur Mamaikhanov told The National.

TECH GATHERING

The 45th edition of GITEX Global 2025 will open on Monday in Dubai, drawing thousands of tech companies from 180 countries. The five-day event, which has grown into one of the world’s largest gatherings for artificial intelligence and emerging technologies, places a strong emphasis on advances in biotechnology, quantum computing, semiconductors and AI-driven infrastructure. Running in parallel, Expand North Star at Dubai Harbour marks its tenth edition, connecting early and late-stage startups with investors managing over $1.1 trillion in assets. Among the companies participating are G42, Google, Microsoft, Huawei, AMD, Cerebras, Qualcomm, and Tenstorrent.

Public Investment Fund: The Saudi sovereign wealth fund is scaling back work on several planned local share sales, potentially affecting funding for the kingdom’s wide-ranging economic transformation projects, Bloomberg reports.

ADQ: The Abu Dhabi sovereign wealth fund is close to finalizing a $4 billion syndicated loan primarily arranged by banks from Greater China, Bloomberg reports.

ADQ: The fund has emerged as a potential suitor in a sale of the operator of Catania airport in Sicily, Italy, Reuters reports.

Oman Investment Authority: Oman’s sovereign fund and Azerbaijan Investment Holding launched a joint $200 million fund to invest equally in both countries across sectors including food, manufacturing, renewable energy, logistics, healthcare, and consumer goods.

Aramco: Saudi Arabia’s national oil company has paused three chemical expansion projects to conserve cash amid low oil prices, delaying design work while prioritizing more advanced international investments in China and South Korea, Bloomberg reports.

🌀 Water Energy: Emirates Water and Electricity Company awarded the 1.5-gigawatt Khazna Solar PV project near Abu Dhabi to France’s ENGIE and Masdar, with a power purchase agreement under which EWEC will pay only for net energy supplied.

💵 Bad Debts: Sharjah-based United Arab Bank is working with Rothschild & Co. to explore the sale of about $800 million in bad debt, as it seeks to clean up its balance sheet, Bloomberg reports.

🩺 AI caregiving: Sensi.AI, an Israeli startup that uses artificial intelligence to support and monitor senior care operations. raised $45 million in a Series C funding round, led by Qumra Capital.

💰 Bulking Up: Dubai Investments said its portfolio has reached $4.4 billion in value and the firm plans to pursue further expansion across key construction and industrial sectors.

💻 Chip cooperation: The U.S. and Saudi Arabia are advancing discussions on an agreement to permit U.S. semiconductor firms to export chips to the kingdom, with a potential deal expected soon, The Wall Street Journal reports.

🪆 Kremlin Snubbed: Russian President Vladimir Putin has quietly scrapped the debut Russia-Arab summit which was due to be held in Moscow on Oct. 15 because of a lack of attendance from Arab leaders, Bloomberg reports.

🚢 Global hub: DP World has begun the next phase of construction on its new global headquarters at Dubai’s Expo City, with completion expected in 2027.

👨🏻‍🎓 Expensive Education: Dubai school operator Taaleem’s revenue rose 20% year-on-year to $310 million in 2024-25, driven by a 19% increase in premium school enrolment.

₿ Crypto Time: The UAE Securities and Commodities Authority granted Bybit, the cryptocurrency exchange, a virtual asset platform operator licence.

UAE President Sheikh Mohamed bin Zayed issued a federal decree on Friday that aims to strengthen the UAE Central Bank’s independence, enhance financial sector stability and competitiveness, and align the nation’s regulatory framework with global standards.

Sheikha Latifa bint Mohammed, Chairperson of Dubai Culture and Arts Authority, was awarded the Diamond Award for Excellence in Culture, the highest distinction conferred annually by the Asociación Española del Lujo.

Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, inaugurated the IUCN World Conservation Congress 2025 in Abu Dhabi on Thursday.

Sheikh Rashid bin Hamdan bin Mohammed, Board Chairman of the Presidential Flight, and Sheikh Mohammed bin Hamdan bin Zayed, a member of the ruling family, awarded winners at the Al Ain Camel Racing Festival 2025.

Changpeng Zhao, founder of the world-leading cryptocurrency exchange Binance, said at the FinTech Forward event in Bahrain on Thursday that AI will drive crypto’s development “like crazy.”

Reem Al Hashimy, UAE Minister of State for International Cooperation, attended a high-level meeting convened by France on Thursday to discuss the implementation of U.S. President Donald Trump’s peace plan.

Dr. Amna Al Dahak, UAE Minister of Climate Change and Environment, said that protection of the planet is a humanitarian responsibility during her opening speech at IUCN World Conservation Congress 2025 in Abu Dhabi on Thursday.

Sherif Fathy, Egypt’s Minister of Tourism and Antiquities, told The National that the Egyptian Grand Museum would “definitely be opening” on  November 1, after years of delays. It is the fourth opening date the government has set since 2020.

🎨 Art Start: Abu Dhabi Art, one of the most prominent events on the Gulf’s cultural calendar, will evolve into Frieze Abu Dhabi starting next year, after teaming up with the organization behind some of the world’s biggest contemporary art fairs. Frieze, which hosts events in London, New York, Los Angeles and Seoul, features contemporary and modern art, with a focus on curatorial excellence, emerging artists and large-scale installations. The first edition of Frieze Abu Dhabi will be held in November 2026 at Manarat Al Saadiyat, while this year’s Abu Dhabi Art will run in its current format from Nov. 19-23.

Oct. 9-15, Abu Dhabi. IUCN World Conservative Congress. A gathering of conservation experts and leaders from around the world. ADNEC.

Oct. 12-15, Dubai. Expand NorthStar. An annual startup and investor event in Dubai that connects founders, the corporate sector and VCs across tracks like climate tech, deep tech, fintech, and innovation. Dubai Harbour.

Oct. 13-17, Dubai. GITEX Global. The giant tech and startup show is back for its 45th edition, bringing together government and industry leaders., innovators and government. Dubai World Trade Center.

Oct. 14-16, Dubai. Global Future Council. The event on the Future of Growth convenes senior economists and thought leaders from across academia, business, government and civil society to provide intellectual guidance on new approaches to growth. 

Oct. 15-18, Sharjah. Evolve Future Mobility Show. Shaping the future of the electric vehicle industry in the region. Sharjah Expo Center.

Oct. 21-23, Dubai. Healthcare Future Summit. The summit explores the evolving landscape of vaccine innovation and global disease control. Dubai World Trade Center. 

Oct. 22, Abu Dhabi. Reuters NEXT Gulf Summit. Hosting critical conversations with world leaders, innovators and market movers to define the Middle East’s next chapter. St Regis Saadiyat.

Oct. 22, Dubai. S&P Global Ratings 15th Annual Islamic Finance Conference. An in-depth look at the global Islamic finance landscape. DIFC Atrium. 

Oct. 22-24, Sharjah. World Investment Conference & Sharjah Investment Forum. A global investment summit exploring foreign direct investment, policies and collaboration for resilient and sustainable growth. Al Jawaher Reception and Convention Centre.

Oct. 27, Dubai. The UAE Africa Tourism Investment Summit. Hosted by the UAE Ministry of Economy and Tourism as part of Future Hospitality Summit World 2025 to foster investment and strengthen tourism partnerships between the UAE and African nations. Madinat Jumeirah.

Oct. 27-28, Jeddah. Sustainable Coastal Development Forum. Exploring strategic solutions for developing eco-friendly coastal communities. Hilton Jeddah.

Oct. 27-29, Dubai. Future Hospitality Summit. Connecting global investment opportunities and projects to hospitality decision-makers. Madinat Jumeirah. 

Oct. 27-30, Riyadh. Future Investment Initiative, 9th Edition. Investors, corporate executives, cabinet ministers and political leaders from around the world attend Saudi Arabia’s flagship business conference. King Abdulaziz International Conference Center.

Nov. 1-2, Dubai. Women’s Empowerment Convention. The 3rd Women’s Leadership Forum unites global trailblazers, headlined by fashion icon Anna Wintour and storytelling pioneer Candace Bushnell. Atlantis The Royal Conference Center.

Nov. 3-6, Abu Dhabi. ADIPEC. Bringing together professionals, companies, and government leaders to discuss and showcase the latest developments in oil, gas, and cleaner energy technologies. ADNEC Center.

Nov. 4-9, Dubai. Dubai Design Week. The Middle East’s largest creative festival, showcasing more than 200 events across architecture, product, furniture, interior and graphic design. D3.

Nov. 17-21, Dubai. Dubai Airshow 2025. The biennial exhibition attracts aerospace companies from around the world to the UAE. DWC, Al Maktoum International Airport.

SHIPPING CHIPS

The UAE will soon get its hands on the advanced American chips that underpin its AI ambitions, after the U.S. issued the export permits required for Nvidia to start shipping billions of dollars worth of the critical technology to the emirates. The approval came after the UAE made concrete plans for reciprocal investment in the U.S., the main condition of the chip deal made after Donald Trump’s visit in May, Bloomberg reports. The permits are a top priority for the UAE, which pledged to invest $1.4 trillion in the U.S. over 10 years, matched dollar-for-dollar against what it receives in chip shipments. The U.S. agreed to approve up to 500,000 of the AI chips annually, with a large number reserved for Abu Dhabi AI powerhouse G42, which is partnering with OpenAI to build a massive Stargate AI campus in the UAE capital.

KINGDOM FOR A HOUSE

Saudi Arabia is hoping that dramatic moves to curb its property crunch, including a five-year freeze on rents, will help it to compete with Dubai and Abu Dhabi for key foreign talent. Crown Prince Mohammed bin Salman, who last month vowed to stop the “unacceptable” rise in property prices during a rare address, has begun “throwing the kitchen sink” at the problem, Bloomberg reports. On top of the rent freeze, the kingdom has implemented a tax regime imposing a hefty penalty for anyone with more than 5,000 square meters of undeveloped land, in an attempt to stop investors hoarding property for capital gains. Apartment prices in Riyadh have almost doubled over the past five years, while rent for a basic two-bedroom apartment in an expat-friendly compound ranges from $4,000 to $6,000 a month.

Mubadala: The Abu Dhabi sovereign wealth fund’s Mamoura Diversified Global Holding unit has begun investor discussions for a 10-year U.S. dollar benchmark bond under its Global Medium Term Note Program. 

Mubadala: Cleveland Clinic Abu Dhabi announced plans to build the UAE’s first hospital-based vertiport, designed to facilitate air ambulance and emergency medical transport.

ADNOC: Subsidiaries of Abu Dhabi National Oil Co. plan to distribute a combined $43 billion in dividends by 2030, Reuters reports.

Aramco: The Saudi energy giant bought an additional 22.5% stake in Petro Rabigh, a refining and petrochemical company based in Rabigh, Saudi Arabia, from Sumitomo Chemical for $702 million, increasing its ownership to 60%.

Qatar Investment Authority: QNB Group received the approval of the Central Bank of Egypt to launch ezbank, a digital-first bank, three days after it obtained a license to operate in Saudi Arabia.

Public Investment Fund: Diriyah Company has awarded a $244 million contract to a joint venture between Al-Majal El-Arabi Group and MAN Enterprise AlSaudia to develop the Grand Mosque in the second phase of the Diriyah mega project.

💰 Expanding Course: Saudi Arabia plans to invest $292 million in Senegal, including a 300 MW solar-powered desalination project.

🏡 Helping Locals: Oman launched seven community projects worth $1.8 billion, adding 12,000 homes and 9,000 land plots for citizens to build subsidized housing over the next three years.

⛰️ Wellness Care: Oman-based developer Musstir partnered with the Ministry of Housing and Urban Planning to develop a $520 million “Wellness Village” within the $3 billion Al Jabal Al Aali project in Jabal Al Akhdar.

🌊 Blue Bond: First Abu Dhabi Bank issued its second $20 million, three-year Blue Bond to finance ocean and water projects.

💵 Investment Accord: Saudi Arabia and Morocco signed an agreement in Rabat to promote and protect mutual investments.

🟢 Green Light: Dubai’s Department of Economy and Tourism launched a freezone mainland operating permit enabling freezone firms to operate in mainland Dubai.

📈 Foreigners Welcomed: Saudi Arabia’s Capital Market Authority has proposed creating simplified investment funds with lighter regulations to boost the asset management sector, attract foreign investors and expand investment opportunities.

💻 Next Year: Dubai announced that GITEX GLOBAL and Expand North Star will move to Expo City Dubai and take place from December 7–11 2026, aligning with the tourist season in an experience with city-wide lifestyle activities.

⛰️ Davos Decline: The future of the World Economic Forum and its scandal-battered Swiss organizers may depend on the success of next year’s summit, insiders have told the Financial Times. 

UAE President Sheikh Mohamed bin Zayed traveled to Kuwait, where he was met at the airport by Emir of Kuwait Sheikh Meshal.

Sheikh Mansour bin Zayed, UAE Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, chaired a meeting of the Ministerial Development Council held at Qasr Al Watan palace in Abu Dhabi on Thursday.

Sheikh Humaid bin Rashid, Ruler of the northern emirate of Ajman, met with Sultan bin Abdullah Al Anqari, Saudi Arabia’s Ambassador to the UAE, at the Emiri Court on Thursday.

Omar Yaghi, a U.C. Berkeley professor and Palestinian citizen of Jordan and Saudi Arabia, won the Nobel Prize in Chemistry with Susumu Kitagawa of Kyoto University and the University of Melbourne’s Richard Robson.

James Martin was appointed Chief Growth Officer and Kevin O’Reilly was appointed Head of Commodities at the Gulf Mercantile Exchange.

Dr. Thani Al Zeyoudi, UAE Minister of Foreign Trade, joined Shadi Malak, CEO of Etihad Rail, for a pre-launch journey on the company’s passenger service, which is due to start commercial operations in 2026.

🎭 Culture Vulture: Saudi Arabia is drawing stars from music, sports and entertainment as part of a drive to open up the kingdom to international culture. Exploring the phenomenon amid the current Riyadh Comedy Festival, the Financial Times notes that pop icons like Christina Aguilera, Mariah Carey and BTS have performed for Saudi audiences, while soccer legend Cristiano Ronaldo plays for Saudi Arabia’s Al Nassr. Officials deny charges of “sportswashing,” saying investments in culture and sports are meant to spur economic growth and create opportunities for the country’s youthful population.

Oct. 9-15, Abu Dhabi. IUCN World Conservative Congress. A gathering of conservation experts and leaders from around the world. ADNEC.

Oct. 12-15, Dubai. Expand NorthStar. An annual startup and investor event in Dubai that connects founders, the corporate sector and VCs across tracks like climate tech, deep tech, fintech, and innovation. Dubai Harbour.

Oct. 13-17, Dubai. GITEX Global. The giant tech and startup show is back for its 45th edition, bringing together government and industry leaders., innovators and government. Dubai World Trade Center.

Oct. 14-16, Dubai. Global Future Council. The event on the Future of Growth convenes senior economists and thought leaders from across academia, business, government and civil society to provide intellectual guidance on new approaches to growth. 

Oct. 15-18, Sharjah. Evolve Future Mobility Show. Shaping the future of the electric vehicle industry in the region. Sharjah Expo Center.

Oct. 21-23, Dubai. Healthcare Future Summit. The summit explores the evolving landscape of vaccine innovation and global disease control. Dubai World Trade Center. 

Oct. 22, Abu Dhabi. Reuters NEXT Gulf Summit. Hosting critical conversations with world leaders, innovators and market movers to define the Middle East’s next chapter. St Regis Saadiyat.

Oct. 22, Dubai. S&P Global Ratings 15th Annual Islamic Finance Conference. An in-depth look at the global Islamic finance landscape. DIFC Atrium. 

Oct. 22-24, Sharjah. World Investment Conference & Sharjah Investment Forum. A global investment summit exploring foreign direct investment, policies and collaboration for resilient and sustainable growth. Al Jawaher Reception and Convention Centre.

Oct. 27, Dubai. The UAE Africa Tourism Investment Summit. Hosted by the UAE Ministry of Economy and Tourism as part of Future Hospitality Summit World 2025 to foster investment and strengthen tourism partnerships between the UAE and African nations. Madinat Jumeirah.

Oct. 27-28, Jeddah. Sustainable Coastal Development Forum. Exploring strategic solutions for developing eco-friendly coastal communities. Hilton Jeddah.

Oct. 27-29, Dubai. Future Hospitality Summit. Connecting global investment opportunities and projects to hospitality decision-makers. Madinat Jumeirah. 

Oct. 27-30, Riyadh. Future Investment Initiative, 9th Edition. Investors, corporate executives, cabinet ministers and political leaders from around the world attend Saudi Arabia’s flagship business conference. King Abdulaziz International Conference Center.

Nov. 1-2, Dubai. Women’s Empowerment Convention. The 3rd Women’s Leadership Forum unites global trailblazers, headlined by fashion icon Anna Wintour and storytelling pioneer Candace Bushnell. Atlantis The Royal Conference Center.

Nov. 3-6, Abu Dhabi. ADIPEC. Bringing together professionals, companies, and government leaders to discuss and showcase the latest developments in oil, gas, and cleaner energy technologies. ADNEC Center.

Nov. 4-9, Dubai. Dubai Design Week. The Middle East’s largest creative festival, showcasing more than 200 events across architecture, product, furniture, interior and graphic design. D3.

Nov. 17-21, Dubai. Dubai Airshow 2025. The biennial exhibition attracts aerospace companies from around the world to the UAE. DWC, Al Maktoum International Airport.

ELECTRIC MUSTANG

Ford Motor Co. plans to launch an electric version of its venerable Mustang sports car in Saudi Arabia next month. The American manufacturer will start by offering between 500 to 1,000 Mustang Mach-E cars for sale as it tests demand, Arab News reports. The move comes amid a 16% increase in Saudi auto sales since the beginning of 2025 compared with the same period last year. The decision places Ford in direct competition with other EV and hybrid players already active or expanding in the Kingdom, such as PIF-backed Lucid, Chinese firm BYD and the local startup Ceer. Ford said it also intends to introduce a new hybrid model, the Territory, to broaden its Saudi product mix.

TURNING POINT

Global output from renewable energy sources overtook coal in the first half of 2025 and outpaced growth in global electricity demand for the first time, according to a report from energy think tank Ember. Renewables including solar and wind supplied 5,072 terawatt hours of electricity globally during the period, while coal accounted for 4,896 TWh. Largely driven by rapid growth in China and India, renewables are now growing fast enough to meet rising global appetite for electricity, even as the power-hungry data centers that underpin the AI boom further spike demand. “We are seeing the first signs of a crucial turning point,” Małgorzata Wiatros-Motyka, senior electricity analyst at Ember, said.

Altérra: UAE-backed climate investment fund Altérra said it has invested $2 billion in Canada’s Brookfield Asset Management’s $20 billion Global Transition Fund II, which targets assets such as nuclear energy and carbon capture storage.

PureHealth: The ADQ-backed company and biggest healthcare group in the Middle East, completed the $938 million acquisition of a 60% stake in Athens-based Hellenic Healthcare.

ADQ: The Abu Dhabi sovereign wealth fund raised the value of its upcoming $4 billion loan offering to $5 billion, based on demand from at least 33 banks. Meanwhile, Sheikh Tahnoon bin Zayed, UAE National Security Adviser and Deputy Ruler of Abu Dhabi, chaired a board meeting of ADQ on Wednesday.

Mubadala: Abu Dhabi Catalyst Partners, an asset manager backed by the Abu Dhabi sovereign wealth fund, joined as an anchor investor in Janus Henderson’s $300 million Islamic-compliant MENA Private Credit Fund IV.

International Holding Co.: Multiply Group, an Abu Dhabi-based global investment company, plans to acquire a 60.8% majority stake in Italian luxury packaging company ISEM, which makes boxes and dustbags for clients including LVMH and Gucci.

Oman Investment Authority: OQ, Oman’s state-owned commodity trading company, said it plans to expand its liquefied natural gas business domestically and internationally, aiming to make LNG a central part of its portfolio.

📈 Growth Upgrade: The World Bank raised Saudi Arabia’s 2025 growth forecast to 3.2%, up from 2.8% projected in April, citing higher oil production and robust non-oil sector activity.

🚚 Cold Storage: DP World will invest $29 million to build a cold storage facility in Egypt’s Al Oula Industrial City after acquiring land in Elsewedy Industrial Development Park.

💰 United Front: Saudi developers Majd Investment, Sumou Global Investment and Dubai-based Strategic Housing Group have formed a $533 million joint venture to develop co-living spaces for professionals and students in the kingdom.

💲 Energy Boost: The International Islamic Trade Finance Corp. signed a $90 million syndicated deal with Djibouti to fund refined petroleum imports and strengthen the country’s energy security.

🦅 Top Bird: A prized Mongolian falcon sold for a record $173,276 at the 2025 International Saudi Falcons and Hunting Exhibition.

🏭 Aluminum Interest: Emirates Global Aluminium is exploring a potential bid to acquire Brazilian aluminum producer Companhia Brasileira de Alumínio.

🚢 Cargo Buildup: Saudi ports handled 22.5 million tonnes of cargo in September, up 8.6% year-on-year, according to the Saudi Ports Authority, Mawani.

🛢️ Iraq Return: ExxonMobil is in talks to re-enter Iraq by signing agreements with Basra Oil Co. and SOMO, Iraq’s oil marketing company, to explore the Majnoon field and develop export and marketing projects in the country’s south, Bloomberg reports.

✈️ No Entry: The 2025 Dubai Airshow has withdrawn the registrations of six Israeli defense firms that were preparing to take part in the Nov. 17-21 event, The Times of Israel reports.

Pope Leo XIV is scheduled to visit Lebanon and Turkey in November, marking his first official trip abroad since assuming the papacy in May.

UAE President Sheikh Mohamed bin Zayed held a meeting with Humaid bin Harmal Al Shamsi, President of the Emirates Oncology Society and CEO of the Burjeel Cancer Institute, at the Qasr Al Bahr palace in Abu Dhabi on Tuesday. He also reviewed the design of the new Al Jazira Club Stadium, which will be located in Zayed City.

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, UAE Minister of Defense and Deputy Prime Minister, and Chairman of Dubai’s Executive Council, met with Ben Lamm, Co-Founder and CEO of Colossal Biosciences, a U.S.-based genetic engineering company dedicated to the “de-extinction” of animal species, including the Woolly Mammoth.

Emir of Kuwait Sheikh Meshal met with Goldman Sachs CEO David Solomon on Monday to discuss bolstering investment and economic modernization.

Egypt’s President Abdel Fattah El-Sisi and French President Emmanuel Macron held a phone call on Tuesday in which they agreed to continue close consultations on Gaza.

Nik Storonsky, CEO and co-founder of London-based fintech firm Revolut, has moved his residence from the U.K. to the UAE, Bloomberg reports.

Dr. Khaled El-Enany, the former Egyptian Minister of Tourism and Antiquities, was selected by the governing board of UNESCO to be the Paris-based international cultural organization’s Director-General, Reuters reports. The choice must be approved by UNESCO’s 194 member-countries at a meeting in November before it becomes effective.

Dr. Ahmad Belhoul Al Falasi, Chairman of the UAE Space Agency and Minister of Sport, said the country has invested some $12 billion in its space program.

Sheikh Abdulla bin Mohammed bin Butti, Chairman of the UAE National Media Office and  UAE Media Council, met with Jeff Zucker, CEO of RedBird IMI, and Jane Turton, CEO of All3Media, at the Media Office headquarters in Abu Dhabi.

Bandar Alkhorayef, Saudi Arabia’s Minister of Industry and Mineral Resources, met with Greece’s Minister of Environment and Energy Stavros Papastavrou and Minister of Development Takis Theodorikakos to discuss ways to strengthen partnerships.

🎤 La Vida Loca: Ricky Martin, Bryan Adams, John Mayer and Lewis Capaldi are among the stars who will join the line-up when Abu Dhabi’s open-air concert series Saadiyat Nights returns in early 2026, The National reports. One of the region’s most anticipated live music events, Saadiyat Nights has previously welcomed the likes of Mariah Carey, Michael Buble and Christina Aguilera at its amphitheater near the Mamsha Al Saadiyat dining strip.

Oct. 8-9, Abu Dhabi. Quantum Maritime Conference. Bringing together international leaders to advance quantum AI, cybersecurity, optimisation, and sensing in the maritime sector. Abu Dhabi Maritime Academy.

Oct. 9, Dubai. Family Office Summit. A full day event to discuss the latest progress in family office business. Park Hyatt. 

Oct. 9-15, Abu Dhabi. IUCN World Conservative Congress. A gathering of conservation experts and leaders from around the world. ADNEC.

Oct. 12-15, Dubai. Expand NorthStar. An annual startup and investor event in Dubai that connects founders, the corporate sector and VCs across tracks like climate tech, deep tech, fintech, and innovation. Dubai Harbour.

Oct. 13-17, Dubai. GITEX Global. The giant tech and startup show is back for its 45th edition, bringing together government and industry leaders., innovators and government. Dubai World Trade Center.

Oct. 14-16, Dubai. Global Future Council. The event on the Future of Growth convenes senior economists and thought leaders from across academia, business, government and civil society to provide intellectual guidance on new approaches to growth. 

Oct. 15-18, Sharjah. Evolve Future Mobility Show. Shaping the future of the electric vehicle industry in the region. Sharjah Expo Center.

Oct. 21-23, Dubai. Healthcare Future Summit. The summit explores the evolving landscape of vaccine innovation and global disease control. Dubai World Trade Center. 

Oct. 22, Abu Dhabi. Reuters NEXT Gulf Summit. Hosting critical conversations with world leaders, innovators and market movers to define the Middle East’s next chapter. St Regis Saadiyat.

Oct. 22, Dubai. S&P Global Ratings 15th Annual Islamic Finance Conference. An in-depth look at the global Islamic finance landscape. DIFC Atrium. 

Oct. 22-24, Sharjah. World Investment Conference & Sharjah Investment Forum. A global investment summit exploring foreign direct investment, policies and collaboration for resilient and sustainable growth. Al Jawaher Reception and Convention Centre.

Oct. 27, Dubai. The UAE Africa Tourism Investment Summit. Hosted by the UAE Ministry of Economy and Tourism as part of Future Hospitality Summit World 2025 to foster investment and strengthen tourism partnerships between the UAE and African nations. Madinat Jumeirah.

Oct. 27-28, Jeddah. Sustainable Coastal Development Forum. Exploring strategic solutions for developing eco-friendly coastal communities. Hilton Jeddah.

Oct. 27-29, Dubai. Future Hospitality Summit. Connecting global investment opportunities and projects to hospitality decision-makers. Madinat Jumeirah. 

Oct. 27-30, Riyadh. Future Investment Initiative, 9th Edition. Investors, corporate executives, cabinet ministers and political leaders from around the world attend Saudi Arabia’s flagship business conference. King Abdulaziz International Conference Center.

Nov. 1-2, Dubai. Women’s Empowerment Convention. The 3rd Women’s Leadership Forum unites global trailblazers, headlined by fashion icon Anna Wintour and storytelling pioneer Candace Bushnell. Atlantis The Royal Conference Center.

Nov. 3-6, Abu Dhabi. ADIPEC. Bringing together professionals, companies, and government leaders to discuss and showcase the latest developments in oil, gas, and cleaner energy technologies. ADNEC Center.

Nov. 4-9, Dubai. Dubai Design Week. The Middle East’s largest creative festival, showcasing more than 200 events across architecture, product, furniture, interior and graphic design. D3.

Nov. 17-21, Dubai. Dubai Airshow 2025. The biennial exhibition attracts aerospace companies from around the world to the UAE. DWC, Al Maktoum International Airport.

AFFORABLE HOUSING

Aldar Properties, Abu Dhabi’s biggest real estate developer, is shifting gears from luxury villas to more inclusive projects aimed at everyday residents. Flush with cash after years of booming growth, the company now plans to build homes priced between $136,000 and $816,000, along with rental options for workers earning $1,360 to $5,450 a month. It’s also rolling out affordable schools, community shops, and even a new Gulf credit fund to help smaller builders access financing, CEO Talal Al Dhiyebi told Bloomberg. As Abu Dhabi draws in a wave of global professionals, Aldar’s new focus signals that the emirate’s leaders want the government-owned developer to evolve to serve not just the wealthy elite, but the teachers, nurses, and engineers who are now struggling to keep up with rising rents.

CINEMA COMPLEX

UAE’s Majid Al Futtaim, the owner of Emirates Mall and other major retail complexes in the region, will bring Vox Cinemas multiplex and seven global brands to Diriyah Square in Riyadh. The deal marks Majid Al Futtaim’s debut as the site’s first major entertainment partner, adding over 13,000 square meters of retail and leisure space in agreement with Diriyah Company, which is owned by the Public Investment Fund. The $600 million Diriyah Square project will feature more than 420 brands in a walkable, mixed-use district. Apple, Lululemon, and Time Out Market are among Diriyah’s growing lineup of international retail offerings.

Public Investment Fund: Lucid, the U.S.-based electric car company majority-owned by the PIF, manufactured 3,891 vehicles in the third quarter of 2025, falling short of Wall Street estimates, after the phaseout of a $7,500 U.S. federal tax credit boosted rival sales, Bloomberg reports. Lucid said more than 1,000 additional cars were built for final assembly in Saudi Arabia.

Public Investment Fund: Moody’s says Saudi Arabia’s progress on major infrastructure projects like Neom is uneven due to engineering challenges, weak private investment and lower oil prices, leading to ongoing budget shortfalls, Bloomberg reports. 

Abu Dhabi Investment Authority: ADIA invested over $11 million in LG Electronics’ $1.3 billion Indian IPO, joining HSBC, BlackRock, Goldman Sachs, and Fidelity, which collectively secured 30% of the shares on offer as anchor investors.

International Holding Company: Sammaan Capital will expand its affordable housing loan business following a $1 billion investment from Abu Dhabi’s IHC, the non-banking lender’s Chief Executive, Gagan Banga, told Reuters.

ADQ: Sotheby’s International Realty, in which ADQ has a minority stake, partnered with Abu Dhabi based Alain to launch the Four Seasons Private Residences Abu Dhabi at Saadiyat Beach, marking its Abu Dhabi debut with a record sale of $3,815 per square foot.

💰 Energy Fund: The Arab Energy Fund led a $26 million Series A round for Cairo-based Tagaddod, a platform specializing in biofuel feedstocks.

🏨 Tall Project: Cairo-based Al Ahly Sabbour Developments received approval to build a $225 million tower in Sultan Haitham City, set to become Oman’s tallest building.

🚚 Logistics Town: Saudi Logistics Services Company signed a lease to build a new logistics zone worth about $1.1 billion at Riyadh’s Falcon City.

🚢 Marine Travel: Abu Dhabi’s Eshraq Investments has struck a deal to acquire Shine, a maritime services company, from U.K.-based TIL Partners.

🚆 First Shop: Etihad Rail will open a new freight terminal at Dubai’s Jebel Ali Port within two weeks, launching its first train to Abu Dhabi as part of its integration with DP World.

🏭 Major Printing: China’s Nanjing Kenyo Group and its UAE subsidiary broke ground on the UAE’s first 3D concrete printing factory in the China-UAE Industrial Park.

🚀 Space Ambition: Abu Dhabi’s Technology Innovation Institute designed, built, and test-fired the UAE’s first liquid rocket engine, marking a major step toward developing the technology for future space missions.

💺 Luxury Training: Emirates opened an $8 million Dubai training facility to provide luxury hospitality training for nearly 25,000 cabin crew, featuring a restaurant, lounge, and tech-enabled classrooms.

💸 Double Pay: Saudi Arabia may need to double pay for specialist construction workers to meet 2034 FIFA World Cup stadium demands, adding cost and timeline pressures, Arabian Gulf Business Insight reports.

UAE President Sheikh Mohamed bin Zayed received a phone call on Monday from Jordan’s King Abdullah II.

Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, reviewed the progress at Zayed National Museum in preparation of its official opening this December in Abu Dhabi’s Saadiyat Cultural District.

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, UAE Minister of Defence, Deputy Prime Minister and Chairman of the Executive Council of Dubai, launched Dubai Founders HQ, an initiative that aims to strengthen Dubai’s startup and small and medium enterprise ecosystem, on Monday.

Sheikh Mansour bin Zayed, UAE Vice President, Deputy Prime Minister, Chairman of the Presidential Court and Chairman of the Higher Committee for the Water and Electricity Sector in Abu Dhabi, chaired the committee’s meeting on Monday at Qasr Al Watan palace.

Prince Saud bin Turki bin Faisal, a Saudi Royal, opened the 26th Elenex exhibition in Riyadh, which showcases solutions in electricity, ventilation, lighting, and home appliances, on Monday.

Conor Hillery and Matthieu Wiltz will take over from Filippo Gori as co-CEOs of JPMorgan Chase & Co’s Europe, Middle East and Africa business, Bloomberg reports.

Mostafa Madbouly, Egypt’s Prime Minister, held a meeting on Sunday to expedite the public offering of state-owned firms and strengthen the Egyptian Exchange to attract private investment.

Mahmood Al-Aweini, Secretary-General at Oman’s Ministry of Finance, said the country remains committed to introducing a personal income tax in 2028.

📸 Cat Snap: A rare Arabian caracal has been photographed in Wadi Wurayah National Park, a mountainous area in the UAE emirate of Fujairah. The critically endangered wildcat was captured by a motion-sensor camera set up by conservationists, only the third significant sighting since 2019. Known for its ability to leap to great heights, the Arabian caracal was once trained by people in the Gulf to hunt birds. It now faces threats from habitat loss and poaching, with fewer than 250 mature Arabian caracals thought to be living in the wild.

Oct. 8-9, Abu Dhabi. Quantum Maritime Conference. Bringing together international leaders to advance quantum AI, cybersecurity, optimisation, and sensing in the maritime sector. Abu Dhabi Maritime Academy.

Oct. 9, Dubai. Family Office Summit. A full day event to discuss the latest progress in family office business. Park Hyatt. 

Oct. 9-15, Abu Dhabi. IUCN World Conservative Congress. A gathering of conservation experts and leaders from around the world. ADNEC.

Oct. 12-15, Dubai. Expand NorthStar. An annual startup and investor event in Dubai that connects founders, the corporate sector and VCs across tracks like climate tech, deep tech, fintech, and innovation. Dubai Harbour.

Oct. 13-17, Dubai. GITEX Global. The giant tech and startup show is back for its 45th edition, bringing together government and industry leaders., innovators and government. Dubai World Trade Center.

Oct. 14-16, Dubai. Global Future Council. The event on the Future of Growth convenes senior economists and thought leaders from across academia, business, government and civil society to provide intellectual guidance on new approaches to growth. 

Oct. 15-18, Sharjah. Evolve Future Mobility Show. Shaping the future of the electric vehicle industry in the region. Sharjah Expo Center.

Oct. 21-23, Dubai. Healthcare Future Summit. The summit explores the evolving landscape of vaccine innovation and global disease control. Dubai World Trade Center. 

Oct. 22, Abu Dhabi. Reuters NEXT Gulf Summit. Hosting critical conversations with world leaders, innovators and market movers to define the Middle East’s next chapter. St Regis Saadiyat.

Oct. 22, Dubai. S&P Global Ratings 15th Annual Islamic Finance Conference. An in-depth look at the global Islamic finance landscape. DIFC Atrium. 

Oct. 22-24, Sharjah. World Investment Conference & Sharjah Investment Forum. A global investment summit exploring foreign direct investment, policies and collaboration for resilient and sustainable growth. Al Jawaher Reception and Convention Centre.

Oct. 27, Dubai. The UAE Africa Tourism Investment Summit. Hosted by the UAE Ministry of Economy and Tourism as part of Future Hospitality Summit World 2025 to foster investment and strengthen tourism partnerships between the UAE and African nations. Madinat Jumeirah.

Oct. 27-28, Jeddah. Sustainable Coastal Development Forum. Exploring strategic solutions for developing eco-friendly coastal communities. Hilton Jeddah.

Oct. 27-29, Dubai. Future Hospitality Summit. Connecting global investment opportunities and projects to hospitality decision-makers. Madinat Jumeirah. 

Oct. 27-30, Riyadh. Future Investment Initiative, 9th Edition. Investors, corporate executives, cabinet ministers and political leaders from around the world attend Saudi Arabia’s flagship business conference. King Abdulaziz International Conference Center.

Nov. 1-2, Dubai. Women’s Empowerment Convention. The 3rd Women’s Leadership Forum unites global trailblazers, headlined by fashion icon Anna Wintour and storytelling pioneer Candace Bushnell. Atlantis The Royal Conference Center.

Nov. 3-6, Abu Dhabi. ADIPEC. Bringing together professionals, companies, and government leaders to discuss and showcase the latest developments in oil, gas, and cleaner energy technologies. ADNEC Center.

Nov. 4-9, Dubai. Dubai Design Week. The Middle East’s largest creative festival, showcasing more than 200 events across architecture, product, furniture, interior and graphic design. D3.

CITY DELAY

Saudi Arabia’s Public Investment Fund is pushing the deadline forward 10 years for New Murabba, one of its flagship mega-projects for redeveloping the kingdom’s sprawling capital city of Riyadh. Facing growing deficits and falling oil prices, executives at the sovereign wealth fund say the massive new business, entertainment and residential development won’t be finished until 2040, a decade past the completion date earlier projected, Arabian Gulf Business Insights reports. Still on schedule, however, is the project’s striking centerpiece known as the Mukaab, a 400-meter-high (1,300-foot), cube-shaped tower housing a shopping mall, hotels, restaurants and residential buildings. According to the revised schedule, New Murabba should be able to complete construction of a 45,000-seat soccer stadium in time for Saudi Arabia hosting the 2034 World Cup.

LAND DEAL

AD Ports, the port and logistics arm of sovereign wealth fund ADQ, has sold a large parcel of land to Mira Developments for $673 million. The land, located in the Al Mamoura district along the highway between Abu Dhabi and Dubai, will be transformed into one of the biggest mixed-use projects in the Abu Dhabi emirate, including residential projects, a business complex, hotels, golf courses, universities, schools and “one of the region’s largest shopping malls.” Construction will start within the next year and is expected to be finished within 10 years. AD Ports said the deal would unlock value from its land portfolio and accelerate development of its master plan for the 16 square-kilometer Town Centre Area.

Mubadala: Abu Dhabi sovereign fund Mubadala sold its majority stake in Turkish car rental business Getir Arac to competitor Tiktak.

Public Investment Fund: Saudi Arabia’s anti-corruption authority has detained at least two senior executives from Riyadh’s $63 billion Diriyah project in an ongoing investigation, with one reportedly released and no formal charges yet confirmed, Semafor reports.

Public Investment Fund: The PIF has mandated banks for its first euro-denominated green bond sale, targeting three- and seven-year notes to support the kingdom’s economic transformation, Bloomberg reports.

Qatar Investment Authority: Qatar’s QNB Group, which is 50% owned by the QIA, obtained a license to establish ezbank, a $666 million digital-first bank, in Saudi Arabia.

💵 Debt Deal: Oaktree Capital, the $209 billion asset manager, has committed debt financing to Arzan Investment Management to expand its Gulf hospitality portfolio, tapping into rising private credit demand, Bloomberg reports.

⛽ Egypt Stake: QatarEnergy said it reached a deal with Shell to acquire a 27% participating interest in an offshore exploration block in Egypt.

🛢️ Output Boost: OPEC+ agreed to raise oil production by another 137,000 barrels per day in November, continuing its incremental increases despite ongoing concerns over excess supply.

🌆 Waterfront Towers: Luxury developer Beyond Developments unveiled Soulever by Beyond, a $708 million twin-tower residential project in Dubai Maritime City.

👓 Gulf Talent: Millennium Management, the $79 billion hedge fund, is forming a new Dubai-based commodities trading team led by former SPX Capital partner Ylan Adler, Bloomberg reports.

⚓ Safe Harbor: Gulftainer, a UAE logistics firm, is considering up to $1 billion in investments in Egypt and plans to send a delegation to review opportunities.

🤝 Startup Link: Abu Dhabi’s Hub71 tech hub signed a draft agreement with the New Jersey Economic Development Authority to help startups expand internationally.

📜 Payment Pact: DP World and PayPal agreed to collaborate on faster cross-border digital trade payments.

💼 Kuwait Branch: Franklin Templeton opened a new office in Kuwait as part of a broader expansion in the Middle East.

🛫 Iraq’s Airport: Companies from Saudi Arabia, Turkey and the U.K. are bidding to develop and run Baghdad International Airport.

UAE President Sheikh Mohamed met with Salem Saleh bin Braik, Prime Minister of Yemen, in Abu Dhabi on Friday.

Sheikh Tahnoon bin Zayed, UAE National Security Advisor and Deputy Ruler of Abu Dhabi, said on X that he met with Masayoshi Son, Chairman and CEO of SoftBank Group, on Saturday to discuss AI Infrastructure and semiconductor strategies. 

Sheikh Sultan bin Ahmed Al Qasimi, Deputy Ruler of Sharjah, officially opened the 12th Sharjah International Film Festival on Sunday.

Sam Altman is coming back to the UAE this month after a round of stops in Asia to drum up funds for OpenAI’s ambitious drive to build computing infrastructure, The Wall Street Journal reports. OpenAI and chip-designer Advanced Micro Devices announced a multibillion-dollar partnership today to collaborate on AI data centers.

Ghannam Al Mazrouei, Chairman of ADX Group, which operates the Abu Dhabi Securities Exchange, led a roadshow in New York in collaboration with Morgan Stanley last week that highlighted the UAE stock market’s 15 largest companies and included 50 CEOs of Emirati companies. 

Khalifa Al Hajeri was appointed CEO of the $272 million Emirates Growth Fund, which was launched in May to support entrepreneurship in the UAE. Al Hajeri previously led growth investments, sovereign partnerships and venture capital initiatives at Mubadala.

Abdulmajid Mussa Nsekela, Managing Director of Tanzania’s largest bank CRDB Bank told Bloomberg that the bank has opened a branch in Dubai. 

Jeff Parker, CEO of Paymentology, a U.K.-based card issuing and payment processing firm, told Asharq News that the company plans to designate its Saudi office as its regional headquarters.

Mariam Mohamed will become the first Emirati to take part in the long-running Miss Universe pageant.

🏀 NBA in the UAE: The New York Knicks swept a two-game series against the Philadelphia 76ers in the NBA’s annual preseason matchup in Abu Dhabi. Playing at the Etihad Arena, the Knicks won 113–104 on Saturday following a 99–84 victory in Thursday’s opener.

🖌️ Tomb Raiders: A Pharaonic painting depicting the Nile’s ebb and flow over three seasons of the year has been discovered missing from the Saqqara necropolis outside Cairo. The announcement of the limestone artifact’s disappearance by Egypt’s antiquities authority comes less than a month after an ancient bracelet was stolen from the Egyptian Museum in Cairo and melted down for its gold.

Oct. 6-7, Dubai. AGRA Middle East. The largest agricultural trade show in the region will showcase the latest agriculture trends, from smart farming to regenerative agriculture. Dubai World Trade Center.

Oct. 6-7, Dubai. The Forex Expo. The event includes a conference offering insights into the world of online trading products, including Forex, stocks, commodities, metals and more. Dubai World Trade Center.

Oct. 8-9, Abu Dhabi. Quantum Maritime Conference. Bringing together international leaders to advance quantum AI, cybersecurity, optimisation, and sensing in the maritime sector. Abu Dhabi Maritime Academy.

Oct. 9, Dubai. Family Office Summit. A full day event to discuss the latest progress in family office business. Park Hyatt. 

Oct. 9-15, Abu Dhabi. IUCN World Conservative Congress. A gathering of conservation experts and leaders from around the world. ADNEC.

Oct. 12-15, Dubai. Expand NorthStar. An annual startup and investor event in Dubai that connects founders, the corporate sector and VCs across tracks like climate tech, deep tech, fintech, and innovation. Dubai Harbour.

Oct. 13-17, Dubai. GITEX Global. The giant tech and startup show is back for its 45th edition, bringing together government and industry leaders., innovators and government. Dubai World Trade Center.

Oct. 14-16, Dubai. Global Future Council. The event on the Future of Growth convenes senior economists and thought leaders from across academia, business, government and civil society to provide intellectual guidance on new approaches to growth. 

Oct. 15-18, Sharjah. Evolve Future Mobility Show. Shaping the future of the electric vehicle industry in the region. Sharjah Expo Center.

Oct. 21-23, Dubai. Healthcare Future Summit. The summit explores the evolving landscape of vaccine innovation and global disease control. Dubai World Trade Center. 

Oct. 22, Abu Dhabi. Reuters NEXT Gulf Summit. Hosting critical conversations with world leaders, innovators and market movers to define the Middle East’s next chapter. St Regis Saadiyat.

Oct. 22, Dubai. S&P Global Ratings 15th Annual Islamic Finance Conference. An in-depth look at the global Islamic finance landscape. DIFC Atrium. 

Oct. 22-24, Sharjah. World Investment Conference & Sharjah Investment Forum. A global investment summit exploring foreign direct investment, policies and collaboration for resilient and sustainable growth. Al Jawaher Reception and Convention Centre.

Oct. 27, Dubai. The UAE Africa Tourism Investment Summit. Hosted by the UAE Ministry of Economy and Tourism as part of Future Hospitality Summit World 2025 to foster investment and strengthen tourism partnerships between the UAE and African nations. Madinat Jumeirah.

Oct. 27-28, Jeddah. Sustainable Coastal Development Forum. Exploring strategic solutions for developing eco-friendly coastal communities. Hilton Jeddah.

Oct. 27-29, Dubai. Future Hospitality Summit. Connecting global investment opportunities and projects to hospitality decision-makers. Madinat Jumeirah. 

Oct. 27-30, Riyadh. Future Investment Initiative, 9th Edition. Investors, corporate executives, cabinet ministers and political leaders from around the world attend Saudi Arabia’s flagship business conference. King Abdulaziz International Conference Center.

Nov. 1-2, Dubai. Women’s Empowerment Convention. The 3rd Women’s Leadership Forum unites global trailblazers, headlined by fashion icon Anna Wintour and storytelling pioneer Candace Bushnell. Atlantis The Royal Conference Center.

Nov. 3-6, Abu Dhabi. ADIPEC. Bringing together professionals, companies, and government leaders to discuss and showcase the latest developments in oil, gas, and cleaner energy technologies. ADNEC Center.

Nov. 4-9, Dubai. Dubai Design Week. The Middle East’s largest creative festival, showcasing more than 200 events across architecture, product, furniture, interior and graphic design. D3.