AIR DEALS

Flydubai has signed up for 150 Airbus A321 Neo jets at the Dubai Airshow, marking its first Airbus order and a shift from its all-Boeing fleet. The company will use the planes to diversify its fleet and strengthen its long-term expansion plans, Sheikh Ahmed bin Saeed, Chairman of Flydubai and CEO and Chairman of Emirates, told reporters at the airshow on Tuesday.  Abu Dhabi carrier Etihad Airways placed an order for 32 wide-body aircraft from Airbus, including six A330 Neos, for delivery between 2028 and 2029. Etihad also agreed to lease nine A330-900s from Avalon beginning in 2027 to support its long-haul expansion. Meanwhile, Emirates President Tim Clark said he will hold off on ordering Airbus A350-1000 jets until engine durability and performance improve.

KING OF THE CASTLE

Mohamed Alabbar, founder of Dubai’s Emaar Properties, has purchased a 12th-century castle in the central Italian region of Umbria for $55 million and is planning to spend another $145 million turning it into “one of the most prestigious resorts in the world.” The developer behind the world’s tallest skyscraper, the Burj Khalifa, told Bloomberg the project at Castello di Antognolla would include a hotel, wellness and longevity center, luxury homes and a polo club and would hold fashion shows and competitions for chefs, truffles and wine. Alabbar has been increasing his international exposure and has already partnered with U.S. President Donald Trump’s son-in-law Jared Kushner to build Trump Tower Belgrade through his other company, Abu Dhabi-based Eagle Hills Properties. The extended property boom in Dubai and Abu Dhabi has seen many of the UAE’s cash-rich developers snapping up property in Europe and elsewhere to expand their glitzy brands overseas.

Public Investment Fund: The Hong Kong Monetary Committee started a $1 billion fund with the PIF to help Hong Kong and Greater Bay Area companies expand into Saudi Arabia, Bloomberg reports.

King Salman Park Foundation: The Saudi state-owned developer launched a $1 billion investment fund with Ajdan Real Estate and SEDCO Capital to develop homes, hotels, and offices in the massive park project, providing the land outside Riyadh while its private partners finance construction.

Qatar Investment Authority: San Francisco-based software firm Databricks, which is backed by the QIA, is seeking to raise funds at a valuation of $130 million, The Information reports.

💲 Mixed Developments: Saudi Arabia’s National Housing Company has signed two agreements worth $2.3 billion with Egypt’s Hassan Allam Holding and local developer Tilal Real Estate to develop mixed-use projects.

💉 HealthCare Funding: Aster DM Healthcare has secured $72 million from Emirates Development Bank to build two new Dubai hospitals.

🛢️ Oil Delivery: Saudi Arabia has delivered the first shipment of its 1.65-million-barrel crude oil grant to Syria under an agreement to support the country’s energy sector.

🚧 Road Work: Abu Dhabi Fund for Development has inaugurated the $23.6 million West Coast Road project in Mahé, Seychelles.

🌀 Cable Delay: Google and Meta have delayed parts of their planned Red Sea subsea internet cable projects, citing heightened security risks and political tensions in the region.

🪖 UN Force: The U.N. Security Council voted to adopt a U.S.-drafted resolution that would back Trump’s Gaza plan and authorize a stabilization force under a transitional Board of Peace.

🚁 Startup Contractors: The Pentagon’s shift toward buying weapons from startups has boosted prospects for electric air taxi makers Joby Aviation and Archer Aviation – both active in UAE ventures – to secure U.S. defense contracts, The Information reports.

☀️ Solar Tender: Kuwait invited bids for a 0.5-gigawatt solar project under its public-private partnership framework, part of its effort to address growing power shortages.

🕋 Mecca Investment: Saudi developer Arabian Dyar is seeking foreign buyers for 1,000 units in phase two of its $2.6 billion Dyar Al Haram project in Mecca ahead of next year’s new real estate law opening the market to international investors.

UAE President Sheikh Mohamed bin Zayed, met with Lee Jae-myung, President of South Korea at Qasr Al Watan palace in Abu Dhabi on Tuesday. The Korean President was escorted by Sheikh Theyab bin Mohamed, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, on a visit to the Wahat Al Karama war memorial in Abu Dhabi on Monday.

UAE President Sheikh Mohamed bin Zayed, and Sheikh Tahnoon bin Zayed, the UAE National Security Advisor, met with Turki Al Sheikh, Chairman of Saudi Arabia’s General Entertainment Authority.

Sheikh Mohammed bin Rashid, UAE Vice President, Prime Minister and Ruler of Dubai, met with Stephanie Pope, Executive Vice President of The Boeing Company and President and CEO of Boeing Commercial Airplanes.

Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, toured several pavilions at Dubai Airshow 2025 on Monday. Sheikh Khaled met with Gérald Darmanin, French Minister of Justice on Tuesday.

Prince Yazid bin Farhan, Saudi Arabia’s envoy to Lebanon, led a delegation to Beirut on Monday, ahead of the Beirut One Conference which starts today, as the two countries consider ways to renew economic ties. Noura Al Kaabi, UAE Minister of State, is also in Beirut to attend the conference.

Khalfan Belhoul, CEO of the Dubai Future Foundation, used his opening speech at the Dubai Future Summit in Dubai to propose a new measure of national progress based on cognitive potential. “How do we protect deep focus and make it visible so that it’s valuable?” he said.

Saeed Ghumran Al Remeithi, Group CEO of Emsteel, called for collective industry action to strengthen competitiveness, navigate global trade challenges and accelerate decarbonization across the steel value chain. 

Michel Issa, the newly appointed U.S. Ambassador to Lebanon, traveled to Beirut on Monday to present his credentials to President Joseph Aoun.

Ahmed Saeed Al Qamzi, Ibraheem Al Sayed Mohamed Al Hashemi, Fatma Al Jabri and Saif Al Dhaheri were appointed as Assistant Governors at the Central Bank UAE. 

Michele Faissola, a senior executive of the former Qatari ruler Sheikh Hamad bin Khalifa Al Thani’s family office Dilmon, has relocated his residence from the U.K. to Italy, Bloomberg reports.

🎨 Last Orders: Abu Dhabi Art, one of the region’s most prominent art fairs, kicks off at Manarat Al Saadiyat tomorrow for its final outing before it relaunches as Frieze Abu Dhabi next year. The fair’s 17th and final edition in its current format brings more than 140 galleries representing 37 countries, with three special “Focus” sections highlighting artists from Turkey, Nigeria and the Gulf. Next year the fair will meld with Frieze, the organization behind some of the world’s biggest modern and contemporary art events, shifting its focus to curatorial excellence, emerging artists and large-scale installations.

Nov. 17-19. Doha. Qatar Entrepreneurship Conference (ROWAD). Qatar’s national entrepreneurship platform and a flagship Global Entrepreneurship Week event, connecting startups, SMEs, and ecosystem leaders. Doha Exhibition & Convention Center.

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.

Nov. 18-19, Dubai. Dubai Future Forum. Drawing on the collective intelligence of global thinkers, futurists, and visionaries to explore what lies ahead and how we might navigate it with purpose and imagination. Museum of the Future.

Nov. 19-20, Dubai. Knowledge Summit. A global platform for knowledge production in the service of sustainable development. Dubai World Trade Center. 

Nov. 19-23, Abu Dhabi. Abu Dhabi Art. One of the region’s biggest art fairs marks its 17th and final year before it relaunches as Frieze Abu Dhabi next year. Manarat Al Saadiyat.

Nov. 24-27, Dubai. Big 5 Global. Addressing the challenges shaping the construction and urban development community today and tomorrow. Dubai World Trade Center.

Nov. 25-26. Riyadh. Global Sustainability Expo. Dedicated to advancing sustainability practices across industries. The Arena Riyadh.

Nov. 26-27, Abu Dhabi. CyberQ 2025. The UAE’s flagship summit for cybersecurity and quantum technologies. ADNEC Center.

Dec. 1-2, UAE. UAE National Day. A two-day public holiday to celebrate the UAE’s 54th National Day, also known as Eid Al Etihad. 

Dec. 4-5, Abu Dhabi. Milken Institute Middle East and Africa Summit. Investors, corporate executives and policymakers gather to discuss prospects for investment in the region. St. Regis Saadiyat Island. 

Dec. 7, Abu Dhabi. F1 Abu Dhabi Grand Prix 2025. The F1 season finale and one of the most hotly anticipated races in motorsport. Yas Marina Circuit. 

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.

Dec. 8-9, Abu Dhabi. Bitcoin MENA 2025. An event dedicated to advancing Bitcoin and blockchain understanding and adoption. ADNEC Center.

Dec. 8-10, Abu Dhabi. BRIDGE Summit. Bringing together media executives, innovators, academia and NGOs, policymakers, and thought leaders to redefine the media landscape. ADNEC Center.

Dec. 8-11, Abu Dhabi. Abu Dhabi Finance Week. The largest financial event in the region, brings together the world’s top minds to redefine and shape the future of global markets. The Grand Steps, Al Maryah Island.

DUBAI AIRSHOW

Emirates set the tone on Day 1 of the Dubai Airshow with a $38 billion order for 65 Boeing 777-9s, offering the aircraft giant a timely reprieve as it works to steady the long-delayed 777X program. Sheikh Ahmed bin Saeed, Chairman and CEO of Emirates Airline group, said at a press conference that the order is a “massive long-term commitment” to U.S. aerospace manufacturing. The airline will also roll out SpaceX’s Starlink across its fleet, with the first flight to offer the boosted Wi-Fi service on Nov. 23. Despite Boeing’s early lead, the bulk of the orders from one of the world’s biggest airshows is expected to be won by Airbus. The European planemaker is closing in on a deal to supply about 100 A321neos to Flydubai, a shift that would challenge Boeing’s long-standing dominance at the low-cost carrier. 

PINCHING PAY

Saudi Arabia is scaling back the generous salary premiums it once offered to foreign professionals in a bid to rein in costs and realign priorities under its Vision 2030 national economic strategy plan. Fiscal pressure from lower oil revenues is reinforcing the drive toward more measured packages for project managers and engineers, which often include both salary and housing stipends, Reuters reports. The move comes as the kingdom’s Public Investment Fund is pivoting away from costly megaprojects toward sectors like AI, logistics, and mining. Recruiters say offers adding 40% or even double pay are now rare, and compensation is being anchored more closely to market benchmarks and performance.

Abu Dhabi Investment Authority: The sovereign wealth fund is considering selling part of its 10% stake in Qatari telecom company Ooredoo QPSC, aiming to raise as much as $600 million, Bloomberg reports.

International Holding Co.: Samia Bouazza, the newly appointed Group CEO of 2PointZero Group, told The National that the company is working on creating the largest listed investment platform that powers the everyday life of consumers over the next decade.

Public Investment Fund: Saudi Arabia’s Qiddiya City will open the first Six Flags park outside North America at the end of this year, featuring the world’s tallest, longest and fastest roller coaster.

G42: Microsoft and G42 plan a 200-megawatt expansion of datacenter capacity in the UAE, delivered through Khazna Data Centers, a subsidiary of G42. 

🌴 Token Resort: The Trump Organization, run by U.S. President Donald Trump’s family, plans to build a luxury resort in the Maldives with Saudi developer Dar Global, and for the first time will “tokenize” the hotel-development project via blockchain, Bloomberg reports.

💸 Financial Expansion: Saudi brokerage platform Derayah Financial Company secured a $133 million Islamic compliant loan with Saudi National Bank to fuel its expansion. 

💂 London Calling: Sharjah developer Arada acquired an 80% stake in the $3.3 billion Thameside West waterfront development in London’s Royal Docks for $428 million.

✈️ Airways Facility: GE Aerospace will begin building a new $50 million facility at Dubai South’s Mohammed Bin Rashid Aerospace Hub next month.

🏠 Housing Demand: Real estate transactions in Abu Dhabi nearly doubled to $26 billion in the first nine months of 2025.

🗞️ Broadsheet Bust: U.S.-based private investment firm RedBird Capital Partners pulled out of a $671-million bid for Britain’s Telegraph Media Group, ending months of negotiations after an initial bid from Abu Dhabi-backed RedBird-IMI was blocked by the U.K. government.

📈 Peace Dividend: Israel’s economy surged in the third quarter of 2025 with annualized GDP growth of 12.4%, driven by a sharp rebound in consumer spending, exports, and investment after a war-disrupted second.

UAE President Sheikh Mohamed bin Zayed and Sheikh Mohammed bin Rashid, UAE Vice President and Ruler of Dubai, toured Dubai Airshow on Monday.

The UAE President will hold talks with South Korea’s President Lee Jae Myung, who is visiting the UAE today.

Emir of Qatar Sheikh Tamim met with Subrahmanyam Jaishankar, India’s Foreign Minister, at the Amiri Diwan in Doha on Sunday.Sheikh Mansoor bin Mohammed, Chairman of the Dubai Sports Council, crowned English golfer Matt Fitzpatrick as the champion of the DP World Tour Championship and also starred Northern Irish golfer Rory McIlroy with the Race to Dubai title for the seventh time in his career.

Saleh bin Nasser Al-Jasser, Saudi Minister of Transport and Logistic Services, inaugurated the new $163 million Agility Logistics Complex in Jeddah on Sunday.

Mohamed bin Mubarak, UAE Minister of State for Defense Affairs, opened the 12th edition of the Dubai International Air Chiefs Conference on Sunday in Dubai. 

Steven Greenway, CEO of Flyadeal, told Arabian Gulf Business Insights that delays from Airbus for the delivery of A321neo jets will force the company to use its existing fleet more than planned.

Yasir Al Rumayyan, Governor of Saudi Arabia’s Public Investment Fund, along with Yoshinori Kanehana, Chairman of Kawasaki Heavy Industries, Takeshi Hashimoto, President and CEO of Mitsui O.S.K. Lines, Karl Deppen, CEO of Mitsubishi Fuso Truck and Bus Corporation, and Gene Berdichevsky, co-founder and CEO of U.S. battery tech company Sila, will be among the participants in FII Priority Asia, to be held Nov. 30 -Dec.1.

🐪 Eye in the Sky: Traditional camel herding could be about to get a high-tech upgrade, after a research team from Saudi Arabia created an AI-powered drone system that can track livestock from the air, Arab News reports. Scientists at the King Abdullah University of Science and Technology developed the low-cost system using commercially available drones and cameras to enable camel herders to track their animals in real time and also capture data on migration patterns and habitats for researchers. Camels roam up to 50 kilometers a day through desert terrain, making tracking them a challenging job.

Nov. 17-19. Doha. Qatar Entrepreneurship Conference (ROWAD). Qatar’s national entrepreneurship platform and a flagship Global Entrepreneurship Week event, connecting startups, SMEs, and ecosystem leaders. Doha Exhibition & Convention Center.

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.

Nov. 18-19, Dubai. Dubai Future Forum. Drawing on the collective intelligence of global thinkers, futurists, and visionaries to explore what lies ahead and how we might navigate it with purpose and imagination. Museum of the Future.

Nov. 19-20, Dubai. Knowledge Summit. A global platform for knowledge production in the service of sustainable development. Dubai World Trade Center. 

Nov. 24-27, Dubai. Big 5 Global. Addressing the challenges shaping the construction and urban development community today and tomorrow. Dubai World Trade Center.

Nov. 25-26. Riyadh. Global Sustainability Expo. Dedicated to advancing sustainability practices across industries. The Arena Riyadh.

Nov. 26-27, Abu Dhabi. CyberQ 2025. The UAE’s flagship summit for cybersecurity and quantum technologies. ADNEC Center.

Dec. 1-2, UAE. UAE National Day. A two-day public holiday to celebrate the UAE’s 54th National Day, also known as Eid Al Etihad. 

Dec. 4-5, Abu Dhabi. Milken Institute Middle East and Africa Summit. Investors, corporate executives and policymakers gather to discuss prospects for investment in the region. St. Regis Saadiyat Island. 

Dec. 7, Abu Dhabi. F1 Abu Dhabi Grand Prix 2025. The F1 season finale and one of the most hotly anticipated races in motorsport. Yas Marina Circuit. 

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.

Dec. 8-9, Abu Dhabi. Bitcoin MENA 2025. An event dedicated to advancing Bitcoin and blockchain understanding and adoption. ADNEC Center.

Dec. 8-10, Abu Dhabi. BRIDGE Summit. Bringing together media executives, innovators, academia and NGOs, policymakers, and thought leaders to redefine the media landscape. ADNEC Center.

Dec. 8-11, Abu Dhabi. Abu Dhabi Finance Week. The largest financial event in the region, brings together the world’s top minds to redefine and shape the future of global markets. The Grand Steps, Al Maryah Island.

STEALTH SCRUTINY

A Pentagon intelligence report warns that approving the F‑35 stealth-fighter sale to Saudi Arabia could compromise U.S. technological secrets, potentially allowing exposure of advanced capabilities to China. The U.S. under Donald Trump is assessing the kingdom’s request for up to 48 F-35s, a move that would reshape the military balance in the Middle East and challenge Israel’s qualitative military edge, The New York Times reports. If approved, Saudi Arabia would become only the second Middle Eastern country after Israel to operate F-35s. While the deal has cleared a key Pentagon hurdle, it still requires full approval from the White House, Cabinet and Congress, and carries risks of human-rights scrutiny and strategic backlash.

NEOBANK BILLIONS

UAE digital bank Wio is more than halfway to its goal of reaching 100 billion dirhams ($27 billion) in assets, just three years after it launched.  “The objective would be to get there in two to three years max,” Wio CEO Jayesh Patel told The National. With backing from Abu Dhabi sovereign wealth fund ADQ, telecoms company e&, First Abu Dhabi Bank and investment company Alpha Dhabi, Wio is now one of the fastest growing banks in the region. Just seven UAE banks have more than Dh100 billion in assets, which is regarded as the industry gateway to being considered a “big” lender in the UAE. FAB, the country’s biggest lender, has more than $1.3 trillion. The company will soon face competition from London-based fellow “neobanks” Revolut and Wise, which have both secured approvals to operate in the UAE in recent months.

ADNOC: Abu Dhabi’s state-owned oil firm received conditional approval from the EU for its $17 billion acquisition of German chemicals giant Covestro, the European Commission announced  on Friday.

Public Investment Fund: Saudi Arabia’s Midad Real Estate, PIF-owned Jeddah Central Development Co., and Kerzner International launched a $2 billion joint venture to bring the Atlantis and One&Only resort brands to the kingdom.

Qatar Investment Authority: The QIA joined a $275 million Series C funding round for California-based generative AI company d-Matrix, which valued the company at $2 billion.

International Holding Co.: Multiply Group, an investment unit of Abu Dhabi-owned IHC, launched Innovation Labs, which it said will drive digital growth and AI-led value creation.

💰 Capital Takeover: Investcorp Capital, the Abu Dhabi-listed alternative investments company, has acquired U.S.-based Kanawha Scales & Systems.

🛡️ Insurance Entry: UAE-based digital insurer Shory received authorization to operate in Saudi Arabia, bolstering its regional expansion strategy..

💻 Slack Upgrade: Salesforce has acquired Israeli startup Doti AI, founded by former Wix engineers, for about $100 million to integrate its artificial intelligence tools into Slack.

🤝 Trade Revival: Saudi Arabia plans to strengthen commercial relations with Lebanon imminently after progress in curbing drug smuggling, Reuters reports.

⚽ Target Venue: A unit of Saudi Arabia’s National Development Fund will establish a premium shooting sports complex in Qiddiya City.

💵 Relocating Staff: JPMorgan Chase is expanding its operations in Dubai as part of a broad push to serve medium-sized businesses in the Middle East, moving banker Tushar Arora to the UAE from London, Reuters reports.

🛰 Autonomous Flight: LODD Autonomous conducted the first test flight of Hili, a hybrid heavy-lift cargo aircraft designed, built and manufactured entirely in Abu Dhabi on Thursday.

✈️ Stay Home: Oman Air said on Thursday that it has temporarily grounded some aircrafts and adjusted flight schedules amid supply chain delays.

UAE President Sheikh Mohamed bin Zayed met with Sheikh Mohammed bin Rashid, UAE Vice President, Prime Minister and Ruler of Dubai, in the presence of  Sheikh Mansour bin Zayed, UAE Vice President, Deputy Prime Minister and Chairman of the Presidential Court and other dignitaries on Thursday. The UAE President will meet with Lee Jae Myung, President of South Korea, during his visit to the UAE on Monday. 

Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and Deputy Prime Minister, held a telephone call with Rashid Meredov, Minister of Foreign Affairs and Deputy Prime Minister of Turkmenistan.

Sheikh Mohammed bin Abdulrahman Al-Thani, Qatar’s Prime Minister, held a phone call with Iranian Foreign Minister Abbas Araghchi on Thursday.

Sheikha Latifa bint Mohammed, Chairperson of Dubai Culture and Arts Authority, met with Sheikh Khalifa bin Ahmed, President of the Bahrain Authority for Culture and Antiquities, on the sidelines of the 27th General Conference of the International Council of Museums.

Lawrence Stroll, Executive Chairman of Aston Martin, is in early discussion with the Saudi Public Investment Fund, to take the struggling U.K. luxury-car maker private, The Financial Times reports. The PIF already holds a 17%  stake in Aston Martin.

Jochen Thewes was appointed CEO of the AD Ports’ Logistics Cluster starting Dec.1 of this year.

Hamad Al Marar, Managing Director and Chief Executive of Edge, told The National that due to the ongoing wars, there has become a higher urgency in delivering defense solutions to overseas customers which is why they are moving faster to meet the demand.

Brooke Bellamy, the Australian businesswoman behind Brooki Bakehouse, spoke to The National about the bakery’s viral fame and plans to open in Dubai early next year following a $16 million investment from Sharjah developer Arada.

Sean Baker, the Academy Award-winning filmmaker, will head the features jury for Saudi Arabia’s Red Sea International Film Festival.

🐪 Desert Trek: British explorer Rosie Stancer is preparing to begin a three-month camel expedition across Saudi Arabia, following the ancient incense-trading route from south to north. Stancer and her team will start in Najran and traverse the Empty Quarter, the Nafud deserts and the Sarawat mountain range, exploring the impacts of climate changes and how local communities are adapting. The team includes Saudi explorer Princess Abeer Al-Saud, the kingdom’s representative on the expedition. “We’re also going to invite other Saudi women from the points we are going through to join our journey,” Stancer told Arab News.

Nov. 5-16, Sharjah, UAE. Sharjah International Book Fair. A 12-day cultural and literary event attracting global publishers and literary stars. Expo Center Sharjah.  

Nov. 17-19. Doha. Qatar Entrepreneurship Conference (ROWAD). Qatar’s national entrepreneurship platform and a flagship Global Entrepreneurship Week event, connecting startups, SMEs, and ecosystem leaders. Doha Exhibition & Convention Center.

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.

Nov. 18- 19, Dubai. Dubai Future Forum. Drawing on the collective intelligence of global thinkers, futurists, and visionaries to explore what lies ahead and how we might navigate it with purpose and imagination. Museum of the Future.

Nov. 19-20, Dubai. Knowledge Summit. A global platform for knowledge production in the service of sustainable development. Dubai World Trade Center. 

Nov. 24-27, Dubai. Big 5 Global. Addressing the challenges shaping the construction and urban development community today and tomorrow. Dubai World Trade Center.

Nov. 25-26. Riyadh. Global Sustainability Expo. Dedicated to advancing sustainability practices across industries. The Arena Riyadh.

Nov. 26-27, Abu Dhabi. CyberQ 2025. The UAE’s flagship summit for cybersecurity and quantum technologies. ADNEC Center.

Dec. 4-5, Abu Dhabi. Milken Institute Middle East and Africa Summit. Investors, corporate executives and policymakers gather to discuss prospects for investment in the region. St. Regis Saadiyat Island. 

Dec. 7, Abu Dhabi. F1 Abu Dhabi Grand Prix 2025. The F1 season finale and one of the most hotly anticipated races in motorsport. Yas Marina Circuit. 

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.

Dec. 8-9, Abu Dhabi. Bitcoin MENA 2025. An event dedicated to advancing Bitcoin and blockchain understanding and adoption. ADNEC Center.

Dec. 8-10, Abu Dhabi. BRIDGE Summit. Bringing together media executives, innovators, academia and NGOs, policymakers, and thought leaders to redefine the media landscape. ADNEC Center.

Dec. 8-11, Abu Dhabi. Abu Dhabi Finance Week. The largest financial event in the region, brings together the world’s top minds to redefine and shape the future of global markets. The Grand Steps, Al Maryah Island.

SPORTS SURGE

Dubai has launched a strategy to become a global hub for sports, with the goal of boosting the economic contribution of sporting events by 80% to reach $18.3 billion by 2033. “The ultimate vision, we want Dubai to be the world’s best sporting city,” Khalfan Belhoul, Vice Chairman of the Dubai Sports Council, said. With major events such as the 2030 Asian Games in Qatar and soccer’s 2034 FIFA World Cup in Saudi Arabia on the horizon, the Middle East is entering what consulting firm Oliver Wyman describes as a “defining decade” for sports. A report published by the New York-based agency on the region’s sports economy projects $75 billion in growth potential, Arab News reports. The report says governments have committed over $100 billion in sports infrastructure through 2034.

LIFESTYLE MANAGEMENT

Saudi Arabia’s influx of senior executives and wealthy expatriates is driving a growth in sophisticated concierge and lifestyle management services. Less familiar in the West, concierge services are a popular luxury in the Gulf, easing the transition for new arrivals and helping them through anything from bureaucratic processes to finding a new home or transporting a pet. “We brought people from our offices around the world working with young, brilliant, talented Saudis so that the service that you can expect when you arrive is really ticked off,” Sir Ben Elliot, founder of global luxury concierge firm Quintessentially, told Arab News during the TOURISE summit in Riyadh.

Abu Dhabi Investment Authority: Morgan Stanley Investment Management and Global Student Accommodation acquired a U.S. student-housing portfolio from ADIA and Landmark Properties worth about $1 billion, Bloomberg reports.

EDGE Group: The UAE’s state-owned defense manufacturer and California-based Anduril Industries are forming a $200 million joint venture to produce autonomous drones in Abu Dhabi.

Mubadala: Sheikh Mansour bin Zayed, UAE Vice President and Deputy Prime Minister and Chairman of Abu Dhabi’s Mubadala sovereign wealth fund, chaired Mubadala’s Board Meeting at Qasr Al Watan palace in Abu Dhabi on Wednesday.

🏦 Tourism Future: Saudi Arabia’s Tourism Development Fund unveiled $773 million worth of new tourism projects and strategic partnerships during the TOURISE 2025 Forum.

🌐 Cyber Boost: Tenzai, an Israeli cybersecurity startup, raised $75 million in a seed funding round led by Battery Ventures, Greylock Partners, and Lux Capital.

📈 IPO Win: Almasar Alshamil Education, a subsidiary of Dubai’s Amanat Holdings, will raise as much $160 million from its listing on the Saudi stock exchange.

🚘  Motor Deal: Chinese company Jiangsu Changhong Intelligent will partner with Salalah Global City Company to build an automotive plant in Salalah’s free-trade zone.

🛍️ Strategic Options: Dubai-based Majid Al Futtaim is reportedly exploring strategic options for the sprawling $19 billion conglomerate, although it has officially denied “any claims of stake sales,” Bloomberg reports.

💵 Conflict-Driven: The Gaza War has generated significant business for U.S. companies, with U.S. weapons sales to Israel since October 2023 exceeding $32 billion, benefiting firms such as Boeing, Northrop Grumman, Lockheed Martin and Caterpillar, the Wall Street Journal reports.

🚢 Premium Surge: Industry analysts say Red Sea vessel insurance premiums will likely stay high despite the Houthis’ ceasefire announcement linked to progress in Israel-Hamas peace talks, Arabian Business Gulf Insights reports.

✈️ Seamless Travel: UAE and Bahrain will begin a Schengen Style trial visa aimed to introduce the concept between the Gulf member states.

💼 New Bureau: Dubai Chambers has opened its first U.S. representative office in New York, an announcement made during the Dubai Business Forum – USA.

🏦 New Banking: Standard Bank Group, Africa’s biggest lender by assets, opened a representative office in Egypt on Wednesday, eying an economic recovery in the Arab world’s most populous nation, Reuters reports.

Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, met with Bruce Flatt, CEO of global investment firm Brookfield Corporation, along with its Chairman, Frank McKenna, and several other board members. The Crown Prince attended a wedding reception hosted by Saeed Omeir Yousef Al Mheiri, Chairman of Al Barakah Investment Holding Company, for the marriage of his son Omeir, to the daughter of Mohamed Khadem bin Butti Al Hamed. The Crown Prince also attended the DRIFTx exhibition at Yas Marina Circuit in Abu Dhabi.

Sheikh Zayed bin Mohamed visited DRIFTx 2025, part of Abu Dhabi Autonomous Week, at Yas Marina Circuit on Wednesday.

Sheikh Mansoor bin Mohammed, President of the UAE National Olympic Committee, and Sheikha Latifa bint Mohammed, Chairperson of Dubai Culture and Arts Authority, attended the official opening ceremony of the 27th General Conference of the International Council of Museums on Wednesday. 

Sheikh Sabah Al Khaled Al Sabah, Crown Prince of Kuwait, met with interior ministers of the GCC states inKuwait.

Mark Carney, Canada’s Prime Minister, plans to visit the UAE this month in an effort to expand trade and relations between the two countries.

Taimur AlFardan, Owner of Batnah Properties, told Arabian Gulf Business Insights the cost of commercial land was “skyrocketing.”

Mohamed Ali Al Shorafa, Chairman of Abu Dhabi’s Department of Municipalities and Transport and member of the Abu Dhabi Executive Council, told Arabian Business that the UAE capital has entered full-scale deployment of autonomous transport, with driverless taxis, buses and cargo drones already in operation.

Ehab Rashad, Vice Chairman at Mubasher Capital, told Zawya Arabic that the company is considering launching investment funds in the real estate and healthcare sectors.

Daniela Santanch, Italian Tourism Minister, said that Italians have become more interested in visiting Saudi Arabia.

Herman Narula, CEO of London-based technology company Improbable, said he plans to relocate to Dubai before the anticipated introduction of a U.K. “exit tax” on the wealthy.

🎨 Hammer Time: Sotheby’s is returning to Saudi Arabia for its second Origins auction, bringing together international and local artists including a rare work by the late Safeya Binzaar, a pioneer of the kingdom’s contemporary art scene. Painted in 1968, “Coffee Shop in Madinah Road” comes from Binzagr’s personal archive. Among the other highlights are works by modernist Mohammed Al Saleem and Indian-born British sculptor and Turner Prize-winner Anish Kapoor. The auction, to be held on Jan. 31, is timed to coincide with the opening of the Diriyah Contemporary Art Biennale. Sotheby’s held its first international auction in Saudi Arabia in February, when three pieces sold for more than $1 million.

Nov. 5-16, Sharjah, UAE. Sharjah International Book Fair. A 12-day cultural and literary event attracting global publishers and literary stars. Expo Center Sharjah.  

Nov. 10-15. Abu Dhabi. Abu Dhabi Autonomous Week. The inaugural event combines a summit, showcase, RoboCup Asia-Pacific and autonomous racing. Yas Marina Circuit.

Nov. 10-15, Abu Dhabi. RoboCup Asia-Pacific. A regional competition and event for AI and robotics where teams compete on challenges including humanoid robot soccer matches. ADNEC Center.

Nov. 11-14, Dubai. ICOM 2025. Bringing together museum professionals and cultural experts from around the world to explore the evolving role of museums. Dubai World Trade Center.

Nov. 17-19. Doha. Qatar Entrepreneurship Conference (ROWAD). Qatar’s national entrepreneurship platform and a flagship Global Entrepreneurship Week event, connecting startups, SMEs, and ecosystem leaders. Doha Exhibition & Convention Center.

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.

Nov. 19-20, Dubai. Knowledge Summit. A global platform for knowledge production in the service of sustainable development. Dubai World Trade Center. 

Nov. 24-27, Dubai. Big 5 Global. Addressing the challenges shaping the construction and urban development community today and tomorrow. Dubai World Trade Center.

Nov. 25-26. Riyadh. Global Sustainability Expo. Dedicated to advancing sustainability practices across industries. The Arena Riyadh.

Nov. 26-27, Abu Dhabi. CyberQ 2025. The UAE’s flagship summit for cybersecurity and quantum technologies. ADNEC Center.

Nov. 30, Doha. Qatar F1 Grand Prix 2025. Formula One season’s second-to-final race before Abu Dhabi. Lusail International Circuit.

Dec. 4-5, Abu Dhabi. Milken Institute Middle East and Africa Summit. Investors, corporate executives and policymakers gather to discuss prospects for investment in the region. St. Regis Saadiyat Island. 

Dec. 7, Abu Dhabi. F1 Abu Dhabi Grand Prix 2025. The F1 season finale and one of the most hotly anticipated races in motorsport. Yas Marina Circuit. 

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.

Dec. 8-9, Abu Dhabi. Bitcoin MENA 2025. An event dedicated to advancing Bitcoin and blockchain understanding and adoption. ADNEC Center.

Dec. 8-10, Abu Dhabi. BRIDGE Summit. Bringing together media executives, innovators, academia and NGOs, policymakers, and thought leaders to redefine the media landscape. ADNEC Center.

Dec. 8-11, Abu Dhabi. Abu Dhabi Finance Week. The largest financial event in the region, brings together the world’s top minds to redefine and shape the future of global markets. The Grand Steps, Al Maryah Island.

TOWER OF POWER

Saudi Arabia’s on-again, off-again effort to build the world’s tallest skyscraper is on again. Kingdom Holding Co. says construction of its planned 1-kilometer-high Jeddah Tower has reached 74 of its 170 stories and should be completed in 2028. The company, founded by Prince Alwaleed bin Talal, began construction in 2013 but halted it amid a 2018 anti-corruption purge, during which the government detained the billionaire royal at the Ritz-Carlton hotel in Riyadh. He was released three months later after agreeing to an unspecified financial settlement. In October, Finland’s KONE Corp. won a contract to equip the building with high-speed elevators.

MARITIME MENACE

A resurgence in maritime piracy off Somalia is fueling concerns in one of the world’s busiest shipping corridors. At least three incidents have taken place off the Horn of Africa this month, Bloomberg reports. Among them was a Maltese-flagged tanker freed by the EU naval force’s Mission Atalanta in Somali waters on Friday. The renewed attacks along the Somali coast come amid a tapering off of assaults on shipping traffic by Houthi militants in the Red Sea. Daniel Mueller, a senior analyst at U.K.-based maritime security firm Ambrey, said the threat to shipping is likely to persist, “though piracy is inherently opportunistic,” and the causes should be addressed beyond military interventions.

Saudi Aramco: The Saudi energy giant raised its gas production growth target to 80% by 2030 as the kingdom shifts away from burning oil for power toward cleaner and cheaper gas, the Financial Times reports.

International Holding Co: IHC-owned Marlan Space is teaming up with San Francisco-based Loft Orbital to launch Orbitworks, a manufacturing facility in Abu Dhabi capable of producing up to 50 satellites a year.

Investment Corp. of Dubai: Kerzner International, backed by the Dubai sovereign wealth fund, is teaming with Qatar-based Assets Group to bring the Atlantis brand to the Maldives with a two-island luxury resort featuring almost 500 rooms and cabins, 20 restaurants and a waterpark.

Energy Development Oman: The state-owned entity secured a $1 billion loan, arranged by Gulf International Bank and Mashreq, to fund capital spending and refinance debt.

💸 Industrial Win: Abu Dhabi-based developer Aldar, acquired two institutional-grade industrial and logistics assets from a subsidiary of AD Ports Group for $155 million.

🌸 Floral Deal: UAE-based Quintas Capital has made its first Managed Equity investment of $18 million in Petal Group, a floral gifting and e-commerce company with operations in Ireland and the UAE.

💵 Getting Support: Builtop, a Saudi-based digital procurement startup in the construction and real estate sectors, has secured $11 million in a funding round led by TAM Capital.

🤖 AI Agents: Wonderful, an Israeli startup that helps businesses integrate AI agents into their customer service functions, raised $100 million in a Series A funding round led by Index Ventures, with participation from Insight Partners, IVP, Bessemer, and Vine Ventures.

🛩️ Flight Call: California-based Archer Aviation and the Abu Dhabi Investment Office have activated an investment framework to speed up testing and commercialization of Archer’s Air taxis in the UAE capital, where it will first deploy its Midnight aircraft.

🌐 Data Pivot: Japanese IT-services giant NTT Data is exploring a data center buildout in Saudi Arabia to capture surging AI demand, Bloomberg reports. 

🧲 Wealth Magnet: Dubai ranked first and Abu Dhabi fifth on London real estate consultant Savills’ annual HNWI Hostspot Index, assessing the most attractive cities for the world’s ultra-wealthy.

💸 Gateway Kingdom: For 90% of international businesses in the UAE, Saudi Arabia is viewed as the leading investment market, based on its economic stability, growth outlook and role as a Gulf-region hub, according to a report by HSBC.

👷 Gas Deal: UAE-based Dana Gas has signed an initial agreement with Syrian Petroleum Company to explore redevelopment and expansion of gasfields in central Syria, The National reports.

🌐 Digital Dirham: The UAE executed the first government payment using its new central bank-issued digital dirham, completing a transaction between the federal Ministry of Finance and Dubai’s finance department.

UAE President Sheikh Mohamed bin Zayed today offered his condolences on the passing of the mother of Maj. Gen. Awadh Saeed bin Musleh Al Ahbabi, Deputy Commander of Joint Operations at the Ministry of Defence, during a visit to the condolence majlis in Al Ain.

Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, chaired a meeting of the Executive Committee of the ADNOC Board of Directors on Tuesday. Sheikh Khaled also met with Makoto Fujiwara, Executive Director of Tokyo National Museum, on Wednesday.

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, UAE Deputy Prime Minister and Minister of Defense, and Chairman of the Executive Council of Dubai, reviewed the progress of transport infrastructure projects, including aerial taxi services and the Future Loop project, on Tuesday.

Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and Deputy Prime Minister, met with U.S. Treasury Secretary Scott Bessent in New York.

Yasir Al-Rumayyan, Governor of Saudi Arabia’s Public Investment Fund, met with U.S. Treasury Secretary Scott Bessent on Tuesday in Washington.

Lana Nusseibeh, UAE Minister of State, led an official delegation to Cyprus to strengthen strategic partnerships.

Ron Dermer, Israel’s Strategic Affairs Minister and one of Prime Minister Benjamin Netanyahu’s closest advisors, resigned on Tuesday after playing a central role in addressing the country’s conflicts with Gaza and Iran. 

🎥 Movie Business: Saudi Arabia’s Film Commission is touting its wares this week at the American Film Market in Los Angeles, one of the world’s biggest industry events for financing, distribution and production partnerships. The commission’s delegation is highlighting the kingdom’s diverse filming locations and generous financial incentives in an effort to spark partnerships with global producers. Saudi Arabia’s push to become a regional hub for cinema is starting to pay cultural dividends, with a growing number of blockbusters released. The film “Desert Warrior,” which was a joint production between British producer Jeremy Bolt’s JB Pictures, the Kingdom’s MBC Studios and LA-based ACG Studios, premiered in September.

Nov. 5-16, Sharjah, UAE. Sharjah International Book Fair. A 12-day cultural and literary event attracting global publishers and literary stars. Expo Center Sharjah.  

Nov. 10-15. Abu Dhabi. Abu Dhabi Autonomous Week. The inaugural event combines a summit, showcase, RoboCup Asia-Pacific and autonomous racing. Yas Marina Circuit.

Nov. 10-15, Abu Dhabi. RoboCup Asia-Pacific. A regional competition and event for AI and robotics where teams compete on challenges including humanoid robot soccer matches. ADNEC Center.

Nov. 11-14, Dubai. ICOM 2025. Bringing together museum professionals and cultural experts from around the world to explore the evolving role of museums. Dubai World Trade Center.

Nov. 17-19. Doha. Qatar Entrepreneurship Conference (ROWAD). Qatar’s national entrepreneurship platform and a flagship Global Entrepreneurship Week event, connecting startups, SMEs, and ecosystem leaders. Doha Exhibition & Convention Center.

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.

Nov. 19-20, Dubai. Knowledge Summit. A global platform for knowledge production in the service of sustainable development. Dubai World Trade Center. 

Nov. 24-27, Dubai. Big 5 Global. Addressing the challenges shaping the construction and urban development community today and tomorrow. Dubai World Trade Center.

Nov. 25-26. Riyadh. Global Sustainability Expo. Dedicated to advancing sustainability practices across industries. The Arena Riyadh.

Nov. 26-27, Abu Dhabi. CyberQ 2025. The UAE’s flagship summit for cybersecurity and quantum technologies. ADNEC Center.

Dec. 4-5, Abu Dhabi. Milken Institute Middle East and Africa Summit. Investors, corporate executives and policymakers gather to discuss prospects for investment in the region. St. Regis Saadiyat Island. 

Dec. 7, Abu Dhabi. F1 Abu Dhabi Grand Prix 2025. The F1 season finale and one of the most hotly anticipated races in motorsport. Yas Marina Circuit. 

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.

Dec. 8-9, Abu Dhabi. Bitcoin MENA 2025. An event dedicated to advancing Bitcoin and blockchain understanding and adoption. ADNEC Center.

Dec. 8-10, Abu Dhabi. BRIDGE Summit. Bringing together media executives, innovators, academia and NGOs, policymakers, and thought leaders to redefine the media landscape. ADNEC Center.

Dec. 8-11, Abu Dhabi. Abu Dhabi Finance Week. The largest financial event in the region, brings together the world’s top minds to redefine and shape the future of global markets. The Grand Steps, Al Maryah Island.

JAPAN FUND

Qatar’s sovereign wealth fund is joining forces with Orix, a Tokyo-based financial services company, to launch a $2.5 billion private equity vehicle hunting for opportunities across Japan. The agreement marks the Qatar Investment Authority’s first Japan-focused PE investment, with Orix supplying 60% of the capital and QIA filling in the rest, Bloomberg reports. Qatar joins a growing number of investment firms, including Blackstone and KKR, that are looking into buyouts in Japan. The new Japan fund will target companies valued above $195 million, guided by an independent investment entity while both firms participate as limited partners.

HOME SWEET HOME

Foreigners who buy a home worth at least SAR4 million ($1 million) in Saudi Arabia will be granted “lifetime” residency. The visa rule will take effect from Jan. 28 alongside new laws allowing freehold ownership for foreigners across approved projects, Dar Global CEO Ziad El Chaar told Arabian Gulf Business Insight. The residency lasts as long as the owner still holds the property, in contrast to a similar scheme in Dubai, where foreign owners must renew their visa after 10 years. El Chaar said investors were already buying his properties ahead of the changes to foreign ownership laws taking effect. “When the government said they were going to issue a law, we took a chance [and began sales],” he said. “We have 30 nationalities who bought from us. First movers will always take a chance.”

Public Investment Fund: PIF-owned Al Balad Development Co. has launched a $3.6 billion investment portfolio for the hospitality sector and aims to develop 3,300 hotel units. 

Soudah Development, a Saudi company owned by the PIF, appointed engineering consultancy WSP to help finish its the Soudah Peaks luxury tourism resort.

Masdar: The European Bank for Reconstruction and Development has invested a further $40 million in Egyptian renewables developer Infinity, to be injected into the Infinity Power joint venture with Abu Dhabi’s Masdar.

Masdar: The Abu Dhabi green energy company signed a deal to develop Uzbekistan’s largest standalone battery energy storage project.

Dubai Investments: UAE developer Emirates Reportage Development & Investment has acquired two prime land plots at Dubai Investments Park in Angola, an economic zone developed by Dubai Investments, for about $500 million. It is planning to build two large-scale gated residential communities.

💰 Regional Acquisitions: Badr Jafar, CEO of UAE-based Crescent Enterprises, said the company will invest $272 million in the GCC, India and Southeast Asian markets over the next three years.

🩺 Health Compliant: Saudi Arabian hospital operator National Medical Care Company secured a $320 million Islamic compliant loan from Arab National Bank.

📦 Moving Goods: U.S. logistics giant DHL will begin building its $85 million aircraft maintenance facility at Bahrain International Airport in October next year.

🌱 Fertilizer Deal: QatarEnergy signed a 20-year urea supply agreement with Japan’s Mitsui & Co..

🥛 No Cows: Remilk, an Israeli startup developing lab-grown dairy products, raised $20 million from Abu Dhabi-based Tau Capital, Bloomberg reports.

🌍 Gulf Africa: The UAE plans to complete a trade agreement with Chad by the end of this year as part of a broader effort to expand its commercial and investment footprint in Africa.

🕌 Islamic Finance: Dubai’s Samana Developers is planning its first Islamic bond offering and is considering an IPO to tap strong demand during Dubai’s property boom, Bloomberg reports.

🏭 Power storage: Kuwait is aiming to deploy utility-scale battery systems to stabilize its strained electric grid and reduce reliance on fossil-fuel generation during peak demand, Reuters reports.

☁️ Rain Dance: The UAE is ramping up cloud-seeding flights to stimulate rainfall and bolster long-term water security, the Financial Times reports.

🏦 Syria’s Banking: Syria plans to issue new bank licenses to increase the number of lenders to 30 by 2030, Asharq Business reports

Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, met with Pinarayi Vijayan, Chief Minister of the Indian state of Kerala.

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, UAE Deputy Prime Minister and Minister of Defense met with Northern Irish golf superstar Rory McIlroy, three-time winner of the DP World Tour Championship.

Lt. Gen. Sheikh Saif bin Zayed, UAE Deputy Prime Minister and Minister of Interior, chaired the 2025 meeting of the Digital Wellbeing Council, held at the National Media Office in Abu Dhabi.

Syrian President Ahmed Al Sharaa visited the White House on Monday and won U.S. President Donald Trump’s support for lifting economic sanctions, which still requires Congressional approval.

Jasim Al Zaabi, Chairman of Abu Dhabi Department of Economic Development, and Mohamed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport, led a conversation during Abu Dhabi Autonomous Summit on how the UAE’s capital is establishing itself as a global hub for autonomous mobility.

Cristiano Ronaldo, the Portuguese soccer star who plays for Saudi Arabian club Al-Nassr, voiced support for the kingdom’s tourism strategy at the TOURISE 2025 forum in Riyadh. “Everyone realized I was right when I moved to Saudi Arabia,” Ronaldo said. “I believe in the ambition and potential of Saudi Arabia’s development project.” 

Tariq Abdullah Al Marzooqi, CEO of Abu Dhabi’s Safeen Subsea Services, told WAM that the company, which works closely with ADNOC, plans to conduct all geophysical survey projects using fully unmanned systems by 2026.

Hisham Al-Falih, CEO of Saudi fintech startup Lean, told Bloomberg that the company is witnessing a surge in remittances, cross-border payment flows and alternative credit solutions.

Mohamed Abdulelah Al Kooheji was appointed as the new Group CEO for family-owned conglomerate Yusuf Bin Ahmed Kanoo Group.

Tarik Solomon was appointed Managing Director for the Middle East and North Africa at Teledyne FLIR Defense, to be based in Riyadh.

Saeed Mohammed Al Qatami, CEO of developer Deyaar, told Arabian Gulf Business Insight that it is difficult to find “good builders” in the UAE, which makes the supply challenging despite the high demand for property.

📚 Book Talk: Nigerian writer Chimamanda Ngozi Adichie, one of the top international authors speaking at this year’s Sharjah International Book Fair, said she aspires to connect more with the region. “I definitely want to reach a wider audience in the Arab world – that’s very interesting to me, it’s important to me,” Adichie told The National in an interview on the sidelines of the event. Adichie said she loved the fact that several of her works have been translated and published in Arabic, including her book-length essay “We Should All Be Feminists.”

Nov. 5-16, Sharjah, UAE. Sharjah International Book Fair. A 12-day cultural and literary event attracting global publishers and literary stars. Expo Center Sharjah.  

Nov. 10-15. Abu Dhabi. Abu Dhabi Autonomous Week. The inaugural event combines a summit, showcase, RoboCup Asia-Pacific and autonomous racing. Yas Marina Circuit.

Nov. 10-12, Abu Dhabi. DRIFTx. An international exhibition showcasing smart and autonomous mobility solutions. Yas Marina Circuit.

Nov. 10-15, Abu Dhabi. RoboCup Asia-Pacific. A regional competition and event for AI and robotics where teams compete on challenges including humanoid robot soccer matches. ADNEC Center.

Nov. 11-14, Dubai. ICOM 2025. Bringing together museum professionals and cultural experts from around the world to explore the evolving role of museums. Dubai World Trade Center.

Nov. 12, Dubai. Dubai Business Forum USA. An invitation-only forum designed to build upon cross-border collaboration between business leaders from the U.S. and Dubai. Cipriani South Street, New York City.

Nov. 17-19. Doha. Qatar Entrepreneurship Conference (ROWAD). Qatar’s national entrepreneurship platform and a flagship Global Entrepreneurship Week event, connecting startups, SMEs, and ecosystem leaders. Doha Exhibition & Convention Center.

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.

Nov. 19-20, Dubai. Knowledge Summit. A global platform for knowledge production in the service of sustainable development. Dubai World Trade Center. 

Nov. 24-27, Dubai. Big 5 Global. Addressing the challenges shaping the construction and urban development community today and tomorrow. Dubai World Trade Center.

Nov. 25-26. Riyadh. Global Sustainability Expo. Dedicated to advancing sustainability practices across industries. The Arena Riyadh.

Nov. 26-27, Abu Dhabi. CyberQ 2025. The UAE’s flagship summit for cybersecurity and quantum technologies. ADNEC Center.

Dec. 4-5, Abu Dhabi. Milken Institute Middle East and Africa Summit. Investors, corporate executives and policymakers gather to discuss prospects for investment in the region. St. Regis Saadiyat Island. 

Dec. 7, Abu Dhabi. F1 Abu Dhabi Grand Prix 2025. The F1 season finale and one of the most hotly anticipated races in motorsport. Yas Marina Circuit. 

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.

Dec. 8-9, Abu Dhabi. Bitcoin MENA 2025. An event dedicated to advancing Bitcoin and blockchain understanding and adoption. ADNEC Center.

Dec. 8-10, Abu Dhabi. BRIDGE Summit. Bringing together media executives, innovators, academia and NGOs, policymakers, and thought leaders to redefine the media landscape. ADNEC Center.

Dec. 8-11, Abu Dhabi. Abu Dhabi Finance Week. The largest financial event in the region, brings together the world’s top minds to redefine and shape the future of global markets. The Grand Steps, Al Maryah Island.

WASHINGTON WELCOME

U.S. President Donald Trump will meet with Syria’s President Ahmed Al Sharaa at the White House today as the war-ravaged country seeks to raise more than $200 billion in Western and Gulf financing for reconstruction. U.S. officials say talks will focus on easing sanctions that currently prevent international banks and sovereign wealth funds from investing in Syria. The White House is conditioning any economic opening on political reforms, humanitarian access and assurances that Syria will curb Iranian influence and militias. Trump is also pushing Syria to join the 2020 Abraham Accords, which normalized Israel’s ties with the UAE, Bahrain and Morocco.

SAUDI HOSPITALITY

Saudi Arabia is hosting the U.N. World Tourism Organization’s General Assembly this week as it unveils a broader tourism strategy aimed at attracting mass-market travelers, not just high-end visitors. Saudi Tourism Minister Ahmed Al Khateeb said the shift marks a new phase in the government’s campaign to turn tourism into a major economic engine and draw 150 million visitors annually by the end of the decade. “We have already started building destinations for the middle class and upper middle class,” Al Khateeb told Reuters in an interview. “We will not ignore this segment.” Delegates from more than 150 countries are attending the event in Riyadh, where Saudi officials are promoting investments tied to sustainability, heritage preservation and new technologies such as artificial intelligence.

ADNOC Drilling: Enersol, an investment platform created by state-owned Adnoc Drilling and Alpha Dhabi, will seek to raise as much as $600 million in debt next year to fund acquisitions, Adnoc Drilling CFO Youssef Salem told The National.

ADNOC Global Trading: The UAE national oil company’s trading arm is preparing a major international push to increase its volumes by two-thirds and plans to open a Houston office in 2027, Bloomberg reports.

Abu Dhabi Investment Authority: Shares of Indian eyewear retailer Lenskart Solutions, backed by ADIA and SoftBank, swung between gains and losses in its trading debut after an $821 million IPO on Mumbai’s BSE exchange. The stock fell as much as 12% before rebounding and closing up 0.3%.

💰 Mall Megaproject: Kuwait-based developer Mabanee said it has expanded an existing loan and secured new financing totaling $1.6 billion for The Avenues Riyadh, upsizing to its current agreement with partner Shomoul Commercial Mall Company.

🎮 Tech Magnet: Gaming company Yalla said it will open a regional headquarters in Riyadh next year, joining almost 800 international companies that have opened Middle East bases in Saudi Arabia.

📈 Outlook Upgrade: S&P Global Ratings raised Israel’s outlook to stable from negative, citing reduced risks to the economy following a Gaza ceasefire, though it warned that political and security volatility could still disrupt growth and fiscal plans.

🚆 High-Speed Rail: Egypt began trial runs on a 2,000-km high-speed rail network that will connect major cities and ports as part of a multibillion-dollar infrastructure drive.

🛢️ Energy Trouble: The collapse of British oil and gas contractor Petrofac unfolded while it was handling more than $2.8 billion in UAE energy contracts.

⚒️ Iron Will: Shipments from Chinese steelmakers to Saudi Arabia rose by 41% year-on-year in the first nine months of 2025, Bloomberg reports. 

🔥 Shisha Shares: AIR, the Dubai-based owner of the Al Fakher tobacco brand used in water pipes, will trade its shares on the Nasdaq as part of a special purchase acquisition company deal with Cantor Fitzgerald that values the combined firm at $1.7 billion.

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and UAE Deputy Prime Minister and Minister of Defense, led a high-level delegation taking part in Azerbaijan’s Victory Day celebrations on Saturday. He was greeted by Emin Amrullayev, Azerbaijan’s Minister of Science and Education, upon arrival.

Sheikh Theyab bin Mohamed, Deputy Chairman of the Presidential Court for Development and Affairs of Fallen Heroes, viewed the high-speed Shanghai Maglev Train during his visit to China.

Sheikh Dr. Sultan bin Mohammed Al Qasimi, Ruler of Sharjah, allocated $2 million to support the research and development efforts of the “Magdi Yacoub Valve” project, a medical breakthrough in heart surgery.

Vishal Wanchoo, CEO of Saudi Arabia’s planned industrial city Oxagon, told Arabian Gulf Business Insights that the Port of Neom, located within Oxagon, is set to become a new gateway for trade into Iraq and northern Saudi Arabia cutting transit times to Iraq by up to 12 days.

Dr. Anwar Gargash, Diplomatic Adviser to the UAE President, said on Monday that the UAE is unlikely to join the U.S.-led International Stabilization Force in Gaza.

Amadou Diallo was appointed CEO of Dubai-based Aramex Shipping Company. He previously served as CEO for the Middle East & Africa at DHL Global Forwarding.

Khaled Al-Fakes, CFO of Talabat, told Bloomberg that competition in the food delivery sector in the UAE was intense.

Ilya Korobov was appointed as Director of debt capital markets in Central and Eastern Europe, the Middle East and Africa at Deutsche Bank.

🎢 Thrill Seeker: Jimmy Donaldson, the 27-year-old YouTube star known as “MrBeast,” is opening a pop-up theme park this week as part of the Riyadh Season festival. Beast Land features games modeled after his videos, including “Tower Siege,” which involves catapulting balls into 60-foot long tubes, as well as more traditional rollercoasters and rides.

Nov. 5-16, Sharjah, UAE. Sharjah International Book Fair. A 12-day cultural and literary event attracting global publishers and literary stars. Expo Center Sharjah.  

Nov. 10-13, Abu Dhabi. Abu Dhabi Autonomous Week. The inaugural event combines a summit, showcase, RoboCup Asia-Pacific and autonomous racing. Yas Marina Circuit.

Nov. 10-12, Abu Dhabi. DRIFTx. An international exhibition showcasing smart and autonomous mobility solutions. Yas Marina Circuit.

Nov. 10-15, Abu Dhabi. RoboCup Asia-Pacific. A regional competition and event for AI and robotics where teams compete on challenges including humanoid robot soccer matches. ADNEC Center.

Nov. 11-14, Dubai. ICOM 2025. Bringing together museum professionals and cultural experts from around the world to explore the evolving role of museums. Dubai World Trade Center.

Nov. 17-19. Doha. Qatar Entrepreneurship Conference (ROWAD). Qatar’s national entrepreneurship platform and a flagship Global Entrepreneurship Week event, connecting startups, SMEs, and ecosystem leaders. Doha Exhibition & Convention Center.

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.

Nov. 19-20, Dubai. Knowledge Summit. A global platform for knowledge production in the service of sustainable development. Dubai World Trade Center. 

Nov. 25-26. Riyadh. Global Sustainability Expo. Dedicated to advancing sustainability practices across industries. The Arena Riyadh.

Nov. 26-27, Abu Dhabi. CyberQ 2025. The UAE’s flagship summit for cybersecurity and quantum technologies. ADNEC Center.

Dec. 4-5, Abu Dhabi. Milken Institute Middle East and Africa Summit. Investors, corporate executives and policymakers gather to discuss prospects for investment in the region. St. Regis Saadiyat Island. 

Dec. 7, Abu Dhabi. F1 Abu Dhabi Grand Prix 2025. The F1 season finale and one of the most hotly anticipated races in motorsport. Yas Marina Circuit. 

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.

Dec. 8-9, Abu Dhabi. Bitcoin MENA 2025. An event dedicated to advancing Bitcoin and blockchain understanding and adoption. ADNEC Center.

Dec. 8-10, Abu Dhabi. BRIDGE Summit. Bringing together media executives, innovators, academia and NGOs, policymakers, and thought leaders to redefine the media landscape. ADNEC Center.

Dec. 8-11, Abu Dhabi. Abu Dhabi Finance Week. The largest financial event in the region, brings together the world’s top minds to redefine and shape the future of global markets. The Grand Steps, Al Maryah Island.

REALITY CHECK

Saudi Arabia’s scaling back of The Line, the futuristic centerpiece of its multitrillion-dollar NEOM project, is evident from a series of major missed construction deadlines and the assessments of some of its original designers. With costs surging for its first phase and a shortfall in anticipated foreign investment, officials now describe the ambitious initiative first presented by Saudi Crown Prince Mohammed bin Salman as a “multi-generational development,” dropping earlier promises of its rapid rise, The Financial Times reports. Conceived as a 170-kilometer (105-mile) city built into a vertical mirror-walled structure taller than the Empire State Building, The Line was planned to house 9 million residents without cars or streets, and powered entirely by renewable energy. For now, the newspaper says, the desert megacity that was a symbol of Saudi Arabia’s effort to shift from an oil-dependent economy to a digital and technological one has been forced to adjust to reality.

CHIPS DOWN

Khaldoon Al Mubarak, CEO of Abu Dhabi’s Mubadala sovereign wealth fund, said that future sectors including AI, advanced computing, healthcare and clean energy, will be key pillars of growth for the UAE in coming decades. Speaking at the UAE Government Annual Meetings 2025 to an audience of the country’s top officials and leaders, including Dubai Ruler Sheikh Mohammed bin Rashid, UAE Vice President and Prime Minister, Al Mubarak said UAE sovereign investments play a pivotal role in reinforcing economic ties facilitated by strategic partnerships with governments and investment institutions around the world. He said the country needed to harness the increasing flow of capital and talent into the emirates to sustain productivity and innovation. Gulf sovereign funds, including Mubadala, which backs the UAE’s main AI firm G42, Saudi Arabia’s Public Investment Fund and the Qatar Investment Authority, are rapidly deploying billions of dollars to build domestic AI industries, including gargantuan data center projects and quid pro quo investment deals with the U.S. in exchange for shipments of advanced chips from Nvidia and AMD.

Abu Dhabi Investment Authority: Lendlease Global Commercial REIT has acquired ADIA’s 70% stake in Singapore’s $679 million PLQ mall.

Danantara: Indonesia’s new sovereign fund has launched a $1 billion bid for a large plot of land near the Grand Mosque in Mecca to build a “Hajj Village” for Indonesian pilgrims, Bloomberg reports. If successful, it will be the fund’s first overseas investment and potentially the first major land sale under Saudi Arabia’s new foreign ownership rules, which come into force next year.

Mubadala Capital: Aquarian Capital, backed by Mubadala Capital, will take Brighthouse Financial private in a $4.1 billion all-cash deal, expanding the Gulf’s growing presence in U.S. financial services.

Mubadala: Uber has held early talks with Getir’s main investor, Mubadala, about acquiring key parts of the Turkish company’s delivery business in a deal that could be worth up to $1 billion, Bloomberg reports.

ADQ: Ta’ziz, a joint venture between ADQ and ADNOC, has signed agreements with India’s Sanmar Group for long-term product sales.

🛢️ Oil Bounty: Abu Dhabi’s Adipec oil and gas conference this week generated $400 million in economic benefits for the UAE capital, boosting its hotel, tourism and transportation industries.

⚓ Syrian Sale: Abu Dhabi’s AD Ports Group intends to buy a minority stake in a container terminal in Syria’s main commercial port for $22 million, Reuters reports.

🏗️ Sim Tower: Work has begun on Muraba Veil, a super-slim, 79-story skyscraper in Dubai, designed by Spain’s RCR Arquitectes.

🏡 Better Home: Dubai scored No. 1 in a ranking by Savills real estate of the world’s most accommodating cities for wealthy people.

⛏️ Mining Bid: Saudi Arabia’s Industry and Mineral Resources Ministry is inviting bids for three  mining complexes in the Riyadh and Makkah regions.

🚢 Gulf Ferry: Qatar and Bahrain have launched a passenger service between  Al-Ruwais Port and Sa’ada Marina that takes 50 minutes between the two countries.

᯽ Luxury Squad: Louis Vuitton and Ajman police are teaming up to combat counterfeit products.

🎫 Golden Ticket: Saudi Arabia gave premium visas to more than 100 entrepreneurs from over 20 countries during Biban Forum 2025.

UAE President Sheikh Mohamed bin Zayed declared 2026 as the Year of the Family for the UAE and launched the National Family Growth Agenda 2031.

Sheikh Tahnoon bin Zayed, UAE National Security Advisor, Deputy Ruler of Abu Dhabi and Chairman of G42, chaired the AI company’s year-end board meeting.

Princess Reema Bandar, Saudi Arabia’s Ambassador to Washington, told the American Business Forum in Miami that the U.S. has welcomed the kingdom’s role in resolving international conflicts.

Sheikh Mansoor bin Mohammed, President of the UAE National Olympic Committee, toured the Middle East Hunting Expo at the Dubai Exhibition Centre, Expo City Dubai on Thursday.

Sheikh Theyab bin Mohamed, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, went on a site visit to the China International Import Expo 2025 in Shanghai.

Syrian President Ahmed Al Sharaa and Interior Minister Anas Hasan Khatta were freed from U.N. sanctions following a Security Council vote, paving the way for their upcoming White House visit.

Ahmed Alattar, UAE Ambassador to Germany, took part in a discussion concerning the expansion of Mubadala-backed Global Foundries’ Dresden plant, where he met Chancellor Friedrich Merz.

Noam Perski, Executive Vice President of Palantir, spoke to The National about the company’s joint venture with Dubai Holding, declaring that those who do not invest in artificial intelligence “will absolutely get left behind.”

Jake Loosararian, CEO of Gecko Technology, told The National that the company expects to start making robots in the UAE next year as part of three agreements signed with state-run ADNOC.

🍫 Raising the Bar: The Filipino chef who helped create the famous Dubai chocolate bar has launched a flavor for Abu Dhabi that combines salted caramel with halva and a mix of spices and date syrup in an attempt to capture the UAE capital’s distinct flavours and identity. “When you take a bite, what you experience right away is very Abu Dhabi,” Chef Nouel Catis told The National. “Even the older generation of Emiratis who tried it said it reminded them of home. So instead of creating a bar like Snickers or Twix that’s commercial, this is really more of a cultural bar.” The bar, which is topped off with 24-karat gold flakes, is priced at Dh100 ($27) for  200g and is available from today.

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. 5-16, Sharjah, UAE. Sharjah International Book Fair. A 12-day cultural and literary event attracting global publishers and literary stars. Expo Center Sharjah.  

Nov. 10. Abu Dhabi. Abu Dhabi Autonomous Summit. The flagship platform of the inaugural Abu Dhabi Autonomous Week, convening global leaders to define the next chapter of smart and autonomous mobility. Yas Marina Circuit.

Nov. 10-12, Abu Dhabi. DRIFTx. An international exhibition showcasing smart and autonomous mobility solutions. Yas Marina Circuit.

Nov. 10-15, Abu Dhabi. RoboCup Asia-Pacific. A regional competition and event for AI and robotics where teams compete on challenges including humanoid robot soccer matches. ADNEC Center.

Nov. 11-14, Dubai. ICOM 2025. Bringing together museum professionals and cultural experts from around the world to explore the evolving role of museums. Dubai World Trade Center.

Nov. 17-19. Doha. Qatar Entrepreneurship Conference (ROWAD). Qatar’s national entrepreneurship platform and a flagship Global Entrepreneurship Week event, connecting startups, SMEs, and ecosystem leaders. Doha Exhibition & Convention Center.

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.

Nov. 19-20, Dubai. Knowledge Summit. A global platform for knowledge production in the service of sustainable development. Dubai World Trade Center. 

Nov. 25-26. Riyadh. Global Sustainability Expo. Dedicated to advancing sustainability practices across industries. The Arena Riyadh.

Nov. 26-27, Abu Dhabi. CyberQ 2025. The UAE’s flagship summit for cybersecurity and quantum technologies. ADNEC Center.

Dec. 4-5, Abu Dhabi. Milken Institute Middle East and Africa Summit. Investors, corporate executives and policymakers gather to discuss prospects for investment in the region. St. Regis Saadiyat Island. 

Dec. 7, Abu Dhabi. F1 Abu Dhabi Grand Prix 2025. The F1 season finale and one of the most hotly anticipated races in motorsport. Yas Marina Circuit. 

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.

Dec. 8-9, Abu Dhabi. Bitcoin MENA 2025. An event dedicated to advancing Bitcoin and blockchain understanding and adoption. ADNEC Center.

Dec. 8-10, Abu Dhabi. BRIDGE Summit. Bringing together media executives, innovators, academia and NGOs, policymakers, and thought leaders to redefine the media landscape. ADNEC Center.

Dec. 8-11, Abu Dhabi. Abu Dhabi Finance Week. The largest financial event in the region, brings together the world’s top minds to redefine and shape the future of global markets. The Grand Steps, Al Maryah Island.

MEGA MEGAWATTS

Microsoft President Brad Smith was in Dubai with G42 CEO Peng Xiao today to roll out plans for expanding the capacity of their joint data centers in the UAE by an additional 200 megawatts, The Circuit’s Omnia Al Desoukie reports. Completion for upscaling G42’s Khazna Data Centers is targeted for the end of 2026 and the project follows Microsoft’s $1.5 billion investment in G42 earlier this year. “We can leverage the resources of the UAE to help other nations,” Peng said. Smith said the UAE’s geographic location bridges Asia and Europe and could enable the Microsoft-G42 partnership to serve 4 billion people.

LONDON CALLING

Abu Dhabi is doubling down on its commitment to invest in the U.K. Four years ago, the emirate agreed to channel 10 billion pounds ($13 billion) via its Mubadala sovereign fund into British assets, particularly in tech and life-sciences firms and London property developments, signing a deal labeled the Sovereign Investment Partnership. Since then, spending in the U.K. by Abu Dhabi entities has ballooned to 20 billion pounds, Bloomberg reports. Among the investments was the $600 million stake Mubadala bought this year in London-based school operator Nord Anglia Education. Prime Minister Keir Starmer underlined the U.K.’s desire to draw more Gulf investment with a visit to the UAE and Saudi Arabia last December.

Qatar Investment Authority: QIA-backed Qatari Diar plans to invest $30 billion in a luxury development in Egypt’s Mediterranean coast, including resorts, golf courses and schools, , Reuters reports.

Qatar Investment Authority: Qatar Airways will sell its entire stake in Cathay Pacific back to the Hong Kong airline for $897 million, marking its complete exit after eight years, Reuters reports.

Qatar Investment Authority: QIA-backed OpenAI rival Anthropic expects to generate as much as $70 billion in revenue in 2028, up from about $4.7 billion this year, The Information reports. Rapid revenue growth may see the company tapping investors again in coming months, with a potential valuation of $300 billion to $400 billion.

Masdar: The Abu Dhabi green energy company will acquire a 49% stake in Austria’s largest hydrogen plant, which is expected to start operating in 2027. Austrian energy company OMV, which is part owned by ADNOC’s international investment arm XRG, will retain 51%.

Public Investment Fund: California-based electric vehicle maker Lucid will get another $1 billion cash injection from Saudi Arabia’s PIF, its biggest shareholder, as it grapples with a worse-than-expected third-quarter loss amid production challenges, Bloomberg reports.

Public Investment Fund: PIF subsidiaries Savvy Games Group and Humain signed an agreement to deploy full-stack artificial intelligence across operations. 

Public Investment Fund: An unverified rumor that the PIF is preparing a competing $70 billion offer for Warner Bros. Discovery is causing a stir among commentators reporting on Paramount’s attempt to buy the U.S. media and entertainment conglomerate.

Abu Dhabi Investment Authority: The IPO of Reliance Jio, an arm of Indian billionaire Mukesh Ambani’s Reliance Industries, which is backed by ADIA and the PIF, could see the wireless carrier valued at as much as $170 billion, Bloomberg reports.

Lunate: The Abu Dhabi-backed alternative investment manager has launched its second thematic ETF within its Boreas range, this time covering AI Data, Power & Infrastructure investments.

Mubadala: M42, the health company owned by AI powerhouse G42 and the Abu Dhabi sovereign fund, is partnering with 10X Health and REVIV Global to launch a precision nutrition platform.

🚦 Green Light: ADNOC is expected to secure EU clearance within weeks for its $17 billion acquisition of German chemicals firm Covestro, after the European Commission resumed its antitrust review last month, Reuters reports.

🌐 Cyber Surge: Israeli-founded cybersecurity firm Armis raised $435 million at a $6.1 billion valuation in a round led by Goldman Sachs Alternatives and CapitalG, one of the year’s biggest private cyber financings.

✈️ Flying High: Emirates airline posted a record $2.7 billion half-year profit amid “strong and sustained” travel demand, The National reports. 

💵 Green Fund: Kuwaiti developer Mabanee secured an Islamic-compliant green loan of $81 million to develop a retail centre.

🧑‍💻 Silk Link: Saudi Arabia and Syria are in talks to build data cables connecting the kingdom to Europe, a key step in its goal to become a global artificial intelligence hub, Semafor reports.

🛣️ Heavy Traffic: The UAE will spend $46 billion on transport and road projects over the next five years to ease traffic congestion, amid a population surge, The National reports.

💰 New Fund: Kuwait-based firms Kamco Invest and TechInvest will launch a new fund called The JEDI Opportunity Fund to invest in startups.

🚍 Trade Route: Work has begun on the $2 billion Al-Rawdah Special Economic Zone project, which will increase foreign trade and reduce logistics costs between Oman and the UAE.

🛢️ December Sales: Saudi Aramco cut the price of its flagship Arab Light crude for Asia by $1.20 a barrel for December, the lowest level in 11 months.

UAE President Sheikh Mohamed bin Zayed met with Ratu Naiqama Lalabalavu, President of Fiji, at Qasr Al Shati palace in Abu Dhabi on Wednesday.

Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, visited ADIPEC 2025.

Sheikh Mansour bin Zayed, UAE Vice President, Deputy Prime Minister and Chairman of the Presidential Court, honoured recipients of the UAE Order for Culture and Creativity at the UAE Government Annual Meetings 2025 held in Abu Dhabi, in the presence of Sheikh Mohammed bin Rashid, UAE Vice President, Prime Minister and Ruler of Dubai.

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, UAE Deputy Prime Minister, Minister of Defense, and Chairman of The Executive Council of Dubai, met with Chief AI Officers from government entities on the sidelines of the UAE Government Annual Meetings 2025 held in Abu Dhabi this week.

Princess Reema bint Bandar, Saudi Arabia’s Ambassador to the U.S., hailed technological relations between the two countries during a moderated discussion at the America Business Forum in Miami. The kingdom’s Public Investment Fund was named as the presenting partner for the forum.

Sheikha Latifa bint Mohammed, Chairperson of the Dubai Culture and Arts Authority, attended a session led by Dr. Anwar Gargash, Diplomatic Advisor to the UAE President, who said that under the leadership of Sheikh Mohamed bin Zayed, the UAE has established itself as a soft power instrumental in shaping the future of the region and the world. 

Turki Alalshikh, Chairman of Saudi Arabia’s General Entertainment Authority, said that two million people have visited the Riyadh Season since the festival began on Oct.10.

Dennis Jol, CEO of Abu Dhabi energy sector AI company AIQ, told The National on the sidelines of ADIPEC that the company is preparing to export its solutions to global markets and is already running pilot projects in six countries.

Dr. Steven Griffiths, Professor and Vice Chancellor for Research at the American University of Sharjah, told Zawya Projects that the region’s financial strength, policy alignment, and industrial demand have positioned it well to advance commercial decarbonisation technologies.

🥊 Knockout Lineup: British-Indian director Rowan Athale’s biopic “Giant,” about the British-Yemeni boxing champion Prince Naseem ‘Naz’ Hamed, has been selected to open the fifth Red Sea International Film Festival in Jeddah. Festival organizers unveiled key picks for the festival, to be held Dec. 4-13, at a press conference in the city on Tuesday. Among the standouts were fellow British filmmaker Rupert Wyatt’s “Desert Warrior,” which was shot in Saudi Arabia with an international cast, “Hijra” by Saudi director Shahad Ameen, which follows three generations of women on a journey from Taif to Makkah, and Paris-set drama “Couture” by Alice Winocour, starring Angelina Jolie.

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. 5-16, Sharjah, UAE. Sharjah International Book Fair. A 12-day cultural and literary event attracting global publishers and literary stars. Expo Center Sharjah.  

Nov. 10. Abu Dhabi. Abu Dhabi Autonomous Summit. The flagship platform of the inaugural Abu Dhabi Autonomous Week, convening global leaders to define the next chapter of smart and autonomous mobility. Yas Marina Circuit.

Nov. 10-12, Abu Dhabi. DRIFTx. An international exhibition showcasing smart and autonomous mobility solutions. Yas Marina Circuit.

Nov. 10-15, Abu Dhabi. RoboCup Asia-Pacific. A regional competition and event for AI and robotics where teams compete on challenges including humanoid robot soccer matches. ADNEC Center.

Nov. 11-14, Dubai. ICOM 2025. Bringing together museum professionals and cultural experts from around the world to explore the evolving role of museums. Dubai World Trade Center.

Nov. 17-19. Doha. Qatar Entrepreneurship Conference (ROWAD). Qatar’s national entrepreneurship platform and a flagship Global Entrepreneurship Week event, connecting startups, SMEs, and ecosystem leaders. Doha Exhibition & Convention Center.

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.

Nov. 19-20, Dubai. Knowledge Summit. A global platform for knowledge production in the service of sustainable development. Dubai World Trade Center. 

Nov. 25-26. Riyadh. Global Sustainability Expo. Dedicated to advancing sustainability practices across industries. The Arena Riyadh.

Nov. 26-27, Abu Dhabi. CyberQ 2025. The UAE’s flagship summit for cybersecurity and quantum technologies. ADNEC Center.

Dec. 4-5, Abu Dhabi. Milken Institute Middle East and Africa Summit. Investors, corporate executives and policymakers gather to discuss prospects for investment in the region. St. Regis Saadiyat Island. 

Dec. 7, Abu Dhabi. F1 Abu Dhabi Grand Prix 2025. The F1 season finale and one of the most hotly anticipated races in motorsport. Yas Marina Circuit. 

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.

Dec. 8-9, Abu Dhabi. Bitcoin MENA 2025. An event dedicated to advancing Bitcoin and blockchain understanding and adoption. ADNEC Center.

Dec. 8-10, Abu Dhabi. BRIDGE Summit. Bringing together media executives, innovators, academia and NGOs, policymakers, and thought leaders to redefine the media landscape. ADNEC Center.

Dec. 8-11, Abu Dhabi. Abu Dhabi Finance Week. The largest financial event in the region, brings together the world’s top minds to redefine and shape the future of global markets. The Grand Steps, Al Maryah Island.

FLIGHT DELAYS

UAE flag carrier Emirates said its expansion plans have been significantly set back because Boeing’s deliveries of more than 200 planes, which were originally expected in 2020, have been delayed to 2027. Emirates President Tim Clark told The National that the company is working to retrofit older aircraft and will have to fly its aging Airbus A380 fleet into the late 2030s. “It’s bad news for us,” Clark said. “It’s seven years after we expected it to happen.” The airline, which is owned by the Investment Corp. of Dubai, is preparing for the Dubai Airshow, one of the industry’s biggest arenas for dealmaking, which kicks off on Nov. 17.

CANAL REBOUND

Easing tensions in the Red Sea have delivered a boost to Egypt’s Suez Canal, with hundreds of ships returning to ply the global trade route in October. Canal revenues rose 14% year-on-year between July and October, with 4,405 ships carrying 185 million tons of cargo during the period. More than 200 ships returned to the canal in October, leading to the highest monthly total since Houthi attacks off Yemen sharply reduced traffic, Reuters reports. Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority, said that the positive climate following last month’s Sharm el-Sheikh summit on Gaza’s future encouraged many carriers to return.Yemen’s Iran-aligned Houthis carried out over 100 attacks on ships in the Red Sea, Gulf of Aden, and Bab al-Mandab Strait, during 2023-2024.

ADQ: AD Ports, which is majority owned by ADQ, signed an agreement with Nimex Terminals valued at more than $8 billion to establish the UAE’s first private-sector terminal hubs for both liquified natural gas (LNG) and liquified petroleum gas (LPG).

Oman Investment Authority: Oman India Fertiliser Co., 50% owned by by Oman’s state energy firm OQ SAOC, a subsidiary of the OIA, has selected banks including Societe Generale, Arqaam Capital and Bank Muscat for a potential IPO in Muscat that could raise several hundred million dollars, Bloomberg reports.

Mubadala Capital: Melis Kahya, Managing Director and Head of Consumer for EMEA at General Atlantic, spoke during the Mubadala Capital Abu Dhabi Catalyst Partners Portfolio Day about howdigital-native consumers, entrepreneurial energy and increasingly sophisticated capital markets are shaping a new growth arc.

2PointZero: Mariam AlMheiri, CEO of 2PointZero, spoke to CNN’s Becky Anderson during ADIPEC about the investment company’s aggressive growth strategy.

🤝 Gulf Deals: Bahrain signed over 60 investment deals worth $17 billion at the Gateway Gulf 2025 forum in Manama, supporting investment in five key non-oil sectors.

💰 Bonds Sales: Qatar raised $4 billion in a two-tranche bond sale that drew strong demand, enabling the LNG exporter to secure better-than-expected pricing on a $1 billion three-year bond and a $3 billion 10-year Islamic bond, Reuters reports.

⛽ Shell Game: Abu Dhabi’s ADNOC Gas signed a 15-year agreement to supply Shell with up to 1 million tons of liquefied natural gas annually from its Ruwais project.

🏎️ Car Production: Egypt has begun building the MAC Automotive plant near Cairo, with the factory set to produce 50,000 vehicles annually at launch and expand to 100,000 within five years.

🔒 Threat Detection: Daylight, an Israeli cybersecurity startup that uses AI to detect and respond to digital threats, raised $33 million in a Series A funding round led by Craft Ventures. 

🎓 Funding Education: Varkey Group, the holding company controlled by the Dubai-based Indian family behind GEMS Education, is in talks to raise about $400 million in debt financing, Bloomberg reports.

⛽ On the Go: ADNOC Distribution will launch The Hub, a new concept that combines service stations with ultra fast EV charging, dining and entertainment options.

👨🏼‍💼 New Business: Egypt launched a new global tender by the state-owned South Valley Egyptian Petroleum Holding Company, for oil and gas exploration in four Red Sea regions.

🏢 Fast Approach: Bentley Reid, a U.K.-based wealth manager, has opened a new office in the Dubai International Financial Centre, with CEO Peter Clark relocating to lead the expansion.

Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, met with Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, UAE Deputy Prime Minister and Minister of Defense, and Chairman of The Executive Council of Dubai, on the sidelines of the UAE Government Annual Meetings.

Sheikh Hamdan bin Mohammed approved a series of plans and policies to help make Dubai the “world’s best” city.

Sheikh Zayed bin Mohamed met with Ratu Naiqama Lalabalavu, President of Fiji, at Wahat Al Karama in Abu Dhabi as part of an official visit to the UAE.

Sheikh Mansoor bin Mohammed, President of the UAE National Olympic Committee, inaugurated the $100 million GEMS School of Research and Innovation in Dubai Sports City.

Sheikha Latifa bint Mohammed, Chairperson of Dubai Culture and Arts Authority, met with key government and private sector partners to review the latest progress and preparations for the upcoming 27th General Conference of the International Council of Museums which will take place in Dubai from Nov.11-17.

Syrian President Ahmed Al Sharaa will meet U.S. President Donald Trump at the White House on Monday next week for talks on U.S.-Syria diplomatic ties and regional stability.

Bandar Alkhorayef, Saudi Arabia’s Minister of Industry and Mineral Resources and Board Chairman of the National Industrial Development Centre, chaired a meeting of the centre with a delegation of more than 30 Chinese companies to discuss high-value investments. 

Selim Kervanci, CEO of Middle East North Africa and Turkey for HSBC, told Zawya that specific project bonds could help Saudi Arabia in its need for funding to continue on this ambitious transformation plan. 

Michael Eisenberg, Co-Founder and General Partner at Tel Aviv-based venture capital firm Aleph, Bilal Baloch, a partner at UAE’s Shorooq, and Chris Arsenault, Co-Founder and partner at Inovia Capital in Montreal, were on a panel discussing VC investment in the Middle East and North America that was recorded at the FII conference in Riyadh last week.

🏘️ Coming Together: At this year’s Dubai Design Week, running until Nov. 9, the spotlight is firmly fixed on community and sustainability, with architects and artists reimagining shared spaces through courtyards, teahouses and greenhouses. Installations across Dubai Design District draw on local and global traditions — from an Emirati house to a Japanese-style teahouse — to encourage connection and reflection, The National reports.

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. 4-6, Dubai. Gulfood Manufacturing. Billed as the most influential F&B manufacturing event in the world. Dubai World Trade 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. 5-16, Sharjah, UAE. Sharjah International Book Fair. A 12-day cultural and literary event attracting global publishers and literary stars. Expo Center Sharjah.  

Nov. 10. Abu Dhabi. Abu Dhabi Autonomous Summit. The flagship platform of the inaugural Abu Dhabi Autonomous Week, convening global leaders to define the next chapter of smart and autonomous mobility. Yas Marina Circuit.

Nov. 10-12, Abu Dhabi. DRIFTx. An international exhibition showcasing smart and autonomous mobility solutions. Yas Marina Circuit.

Nov. 10-15, Abu Dhabi. RoboCup Asia-Pacific. A regional competition and event for AI and robotics where teams compete on challenges including humanoid robot soccer matches. ADNEC Center.

Nov. 11-14, Dubai. ICOM 2025. Bringing together museum professionals and cultural experts from around the world to explore the evolving role of museums. Dubai World Trade Center.

Nov. 17-19. Doha. Qatar Entrepreneurship Conference (ROWAD). Qatar’s national entrepreneurship platform and a flagship Global Entrepreneurship Week event, connecting startups, SMEs, and ecosystem leaders. Doha Exhibition & Convention Center.

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.

Nov. 19-20, Dubai. Knowledge Summit. A global platform for knowledge production in the service of sustainable development. Dubai World Trade Center. 

Nov. 25-26. Riyadh. Global Sustainability Expo. Dedicated to advancing sustainability practices across industries. The Arena Riyadh.

Nov. 26-27, Abu Dhabi. CyberQ 2025. The UAE’s flagship summit for cybersecurity and quantum technologies. ADNEC Center.

Dec. 4-5, Abu Dhabi. Milken Institute Middle East and Africa Summit. Investors, corporate executives and policymakers gather to discuss prospects for investment in the region. St. Regis Saadiyat Island. 

Dec. 7, Abu Dhabi. F1 Abu Dhabi Grand Prix 2025. The F1 season finale and one of the most hotly anticipated races in motorsport. Yas Marina Circuit. 

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.

Dec. 8-9, Abu Dhabi. Bitcoin MENA 2025. An event dedicated to advancing Bitcoin and blockchain understanding and adoption. ADNEC Center.

Dec. 8-10, Abu Dhabi. BRIDGE Summit. Bringing together media executives, innovators, academia and NGOs, policymakers, and thought leaders to redefine the media landscape. ADNEC Center.

Dec. 8-11, Abu Dhabi. Abu Dhabi Finance Week. The largest financial event in the region, brings together the world’s top minds to redefine and shape the future of global markets. The Grand Steps, Al Maryah Island.