Finance World Magazine

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Jun 2025

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opportunities.”

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Chairman,

ANAX Holding

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Editor’s Note Note

EDITORIAL

Ambrish Agarwal, ambrish@thefinanceworld.com

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One way to keep momentum going is

to constantly have greater goals.

Editor’s Note

June marks the halfway point of 2025, a year already defined

by significant progress across finance, technology, and

innovation. At the same time, evolving global political

dynamics have continued to shape the economic landscape

of the United Arab Emirates.

Our theme for this special edition, “The Pulse of Progress:

Navigating the Future of Finance in the UAE,” reflects a deep

dive into the direction the country’s financial ecosystem is

taking. We examine key areas such as the evolving outlook

for foreign direct investment, the rapid expansion of the

retail economy, and the global trends reshaping the very

framework of finance.

Our cover story features Satish Sanpal, Chairman of ANAX

Holding, and Tabinda Sanpal, Founder and Director of ANAX

Capital, a visionary duo redefining financial leadership and

strategic growth in the region. Together, they represent a

powerful synergy of experience and innovation, steering

ANAX into new frontiers across investment, capital markets,

and financial services.

We also present a timely feature, “What’s Next for Foreign

Direct Investment in Dubai,” offering fresh perspectives on

investor confidence and regulatory reform. And as artificial

intelligence continues to redefine business operations, we’ve

compiled an A-to-Z glossary of essential AI terms, a practical

guide to help professionals stay ahead in an increasingly

tech-driven environment. This edition captures not just the

momentum of the present but also the unfolding potential

of the future.

MCFILL MEDIA MCFILL & MEDIA &

PUBLISHING PUBLISHING GROUP GROUP

Ambrish Agarwal, Editor in Chief

Ambrish Agarwal, Editor in Chief

Published by and © McFill Media & Publishing Group FZE LLC

Published by and © McFill Media & Publishing Group FZE LLC

Jun 2025 www.thefinanceworld.com 7

Contents Jun

2025

COVER STORY

FINTECH

P40 | Dubai’s FinTech Evolution:

Emerging Trends & Opportunities

Unpacking how innovation and regulatory support

are transforming Dubai into a global FinTech hub.

TECH MY MONEY

P24 | Business of Tomorrow, Built Today – The ANAX Way

Our cover story features Satish Sanpal, Chairman of ANAX Holding,

and Tabinda Sanpal, Founder and Director of ANAX Capital, a visionary

duo redefining financial leadership and strategic growth in the region.

RETAIL

P14 | What Lies Ahead for the Retail Sector in

the GCC

Exploring key growth drivers and challenges shaping the future of retail

across the Gulf Cooperation Council.

P18 | Experience the Power: RedMagic

10 Pro Unleashed

Next-level mobile gaming with Snapdragon 8 Gen 3

and a vibrant AMOLED display.

8 www.thefinanceworld.com Jun 2025

TECHNOLOGY

ECONOMY

P20 | E-Commerce & Digital Business in Dubai:

What’s Next for 2025

Exploring the evolving digital marketplace and key innovations that

will redefine e-commerce in 2025.

BANKING

P56 | Enhancing Support for Small

Businesses in the Digital Economy

Strategies and initiatives empowering SMEs to

thrive in an increasingly digital marketplace.

WHEELS

P44 | Corporate Prepaid Cards: Streamlining

Business Payments

How prepaid cards are simplifying expense management and boosting

financial control for companies.

P60 | Toyota RAV4 2025

A versatile SUV that blends reliability, fuel

efficiency, and advanced safety features for

everyday urban and off-road adventures.


Investment

Source: Ai generated

Dubai leads global FDI with strong reforms and visionary economic planning.

What’s Next for

Foreign Direct

Investment in

Dubai

Dubai Strengthens its Position as Global

FDI Leader through Strategy, Reforms

and Investor Confidence.

Dubai is steadily reinforcing its position as

a premier global hub for foreign direct investment

(FDI), underpinned by strategic

reforms, a liberalised business environment,

forward-looking governance, and

long-term economic planning. In 2024, the

emirate ranked first globally for Greenfield

FDI projects for the fourth consecutive

year and reflecting sustained investor confidence

and regulatory clarity. Anchored

by the ambitious Dubai Economic Agenda

D33, the city is attracting capital into

diverse, high-growth sectors. As global

investors seek resilient and future-ready

markets, Dubai’s proactive policies are

enabling it to shape the future of investment.

This strategic vision positions Dubai

as a premier hub for innovation, growth,

and long-term economic prosperity.


Dubai’s evolution into a global

magnet for foreign direct investment

(FDI) continues to

gain momentum, with recent figures

placing the emirate at the pinnacle of

global Greenfield investment rankings.

In 2024, Dubai was named the world’s

top destination for Greenfield FDI for

the fourth consecutive year. This reaffirmation

of investor confidence highlights

not only the city’s enduring appeal but

also the success of its proactive policy

reforms, regulatory liberalisation, and

long-term strategic vision.

A Record-Breaking Year for

Investment

Throughout 2024, Dubai recorded AED

52.3 billion (USD 14.24 billion) in FDI

capital, representing a 33.2% increase

from the previous year. The emirate

attracted 1,826 FDI projects in total,

including a record 1,117 Greenfield

projects. These investments supported

the creation of nearly 59,000 jobs, an

impressive 31% year-on-year growth

in employment generated by foreign

capital. This performance demonstrates

Dubai’s growing stature as a centre

for enterprise creation, economic

opportunity, and global connectivity.

Sectoral Diversity and Source

Market Strength

The sectors drawing the most FDI

capital ranged from tourism and real

estate to IT services and financial

activities, signalling the breadth of

Dubai’s diversified economy. Hotels,

real estate, software, building materials,

and financial services collectively

accounted for a significant share

of incoming capital, while business

services, food and beverages, and

textiles stood out by several project

announcements. Notably, India led

in terms of total FDI capital inflows,

while the United Kingdom topped the

list by number of projects, reflecting a

healthy diversification of sources both

geographically and sectorally.

Policy Reforms Fueling Growth

These achievements are closely aligned

with the goals of the Dubai Economic

Agenda D33, which seeks to double the

size of Dubai’s economy by 2033. The

agenda targets bold ambitions, including

transforming 30 local companies

into global unicorns, positioning Dubai

as a leader in the digital economy, and

expanding sustainable and innovation-led

growth. FDI plays a central

role in this transformation, helping

to accelerate industrial diversification

and embed global best practices across

sectors.

The UAE’s evolving regulatory environment

has been instrumental in

this growth. In recent years, landmark

legal reforms have allowed 100% foreign

ownership across many sectors

without the need for a local partner.

A defined “positive list” of approved

business activities offers investors full

ownership rights, while industries of

strategic national importance, such as

defence or telecommunications, are

still subject to regulatory oversight.

These reforms outlined in the 2024

White & Case FDI review, have greatly

enhanced legal clarity and opened new

Dubai’s top global

ranking for FDI reflects

the success of our

visionary leadership,

robust infrastructure, and

commitment to providing

an exceptional business

environment.”

H.E. Helal Saeed Al Marri,

Director General, Dubai Department of

Economy and Tourism

doors for global investors seeking longterm

value and operational flexibility

in the region.

Investor Commitment and Long-

Term Confidence

Additionally, the rise in New Forms

of Investment (NFIs), reinvestment

of capital, and venture capital-backed

projects all point to a deepening of

investor engagement. Reinvestments

alone grew by nearly 98% in 2024,

an indicator that companies are not

only entering the market but are also

choosing to expand and scale their

operations within Dubai. The growing

interest in technology-led sectors and

digital innovation reflects global shifts

in investment strategy, but also Dubai’s

attractiveness as a regional testbed for

advanced solutions.

The city’s leadership continues to

emphasise the importance of ease of

doing business, strong governance, and

infrastructure readiness. Investment

promotion agencies such as Dubai

FDI have been instrumental in guiding

international businesses through the

licensing and regulatory landscape,

providing both advisory and operational

support. These efforts, combined with

the country’s political stability and

proactive government policies, have

enabled Dubai to outpace global hubs

like London, Singapore, and New York

in attracting high-value FDI.

Outlook: A Sustainable,

Strategic Future

The outlook for 2025 and beyond

remains highly favourable. As global

capital searches for stable and strategic

destinations amidst a shifting economic

landscape, Dubai offers a compelling

proposition: political certainty, modern

infrastructure, a diversified and liberalised

economy, and a strong pipeline

of public and private sector projects.

The ongoing shift towards sustainable

finance and ESG-aligned investments

may also benefit Dubai, particularly as

the UAE steps up its green initiatives

and net-zero ambitions.

Dubai’s robust FDI performance in

2024 reflects consistent policy execution,

investor trust, and strategic

foresight. As international investors

prioritise stability, Dubai offers a conducive

environment for sustained growth.

Backed by D33 agenda, the emirate is

ready for long-term transformation.


Funding & Investment News

UAE and Bahrain Enforce

Investment Pact to Boost

Bilateral Ties

The United Arab Emirates and

Bahrain have officially enforced

the Investment Promotion and

Protection Agreement (IPPA) as of May

8, 2025, marking a significant milestone

in regional economic integration. The

agreement provides a robust legal

framework designed to safeguard

cross-border investments, boost investor

confidence, and stimulate bilateral

economic activity. It introduces joint

legal protections, ensures transparency,

and outlines effective dispute resolution

mechanisms, fostering a more predictable

and secure business environment.

The IPPA is expected to attract new

investments by reducing regulatory risks

and creating a level playing field for

investors. This strategic development

highlights the deepening economic

partnership and enduring diplomatic

ties between the UAE and Bahrain. It

also signals both nations’ commitment

to advancing long-term, sustainable

growth and mutual prosperity through

strengthened regional collaboration and

enhanced investor protection.

ADIO to expand San Francisco

office to attract

further US investment

The Abu Dhabi Investment Office

(ADIO) is expanding its San

Francisco office to bolster U.S.

investment flows into the emirate, with

a particular focus on the healthcare

sector. This strategic move is aligned

with Abu Dhabi’s Health, Endurance,

Longevity, and Medicine (HELM) cluster,

which aims to contribute USD 25.6

billion to the emirate’s GDP and create

30,000 jobs by 2045. ADIO will leverage

its West Coast presence to support

companies looking to enter or scale

in the Middle East, offering access to

Abu Dhabi’s infrastructure, regulatory

support, and funding opportunities. By

deepening ties with the U.S. innovation

ecosystem, ADIO seeks to position

Abu Dhabi as a global launchpad for

next-generation healthcare technologies,

while also accelerating growth

across advanced industries such as

biotech, and precision medicine.

Shurooq Powers Sharjah’s Growth with AED 7.2

Billion Investments

The Sharjah Investment and Development

Authority (Shurooq)

has announced AED 7.2 billion

($1.96 billion) in investments over

15 years, encompassing 52 projects

across more than 60 million square

feet. These initiatives span real estate,

hospitality, arts, culture, and eco-tourism,

reflecting Shurooq’s commitment

to sustainable development and economic

diversification. Notable projects

include Maryam Island, a waterfront

development offering 3,083 units,

and the Ajwan Khorfakkan, poised

to become a landmark in Sharjah’s

luxury real estate market. Shurooq’s

efforts have attracted buyers from

over 98 nationalities, contributing to

the creation of 46,761 new jobs and

generating a capital investment of

AED 96.75 billion in key sectors. This

strategic growth positions Sharjah as a

competitive destination for investment

and tourism in the region.

Tarjama Raises $15M to Advance Arabic AI

UAE-based language technology

company Tarjama has secured

$15 million in a Series A funding

round to enhance its Arabic artificial

intelligence capabilities. The investment

will support the development of

advanced AI-driven language solutions

tailored for Arabic, addressing a significant

gap in the global AI landscape.

Tarjama aims to expand its suite of

services, including machine translation,

transcription, and content creation

tools, to better serve enterprises and

government entities across the Middle

East and North Africa (MENA) region.

This funding round underscores the

growing demand for localised AI solutions

that cater to the linguistic and

cultural nuances of the Arabic-speaking

world.

Dubai Leads Global Luxury Real Estate with $10B

Investment Surge

Dubai has emerged as the global

leader in luxury real estate,

recording over $10 billion in

property sales in 2024. The city has

surpassed traditional markets like

New York and London, driven by an

influx of high-net-worth individuals,

favourable tax policies, and a stable

economy. Notably, Dubai’s residential

market logged nearly 170,000 transactions

in 2024, with a combined value of

around $115 billion. Ultra-prime properties

priced at $10 million or more

accounted for approximately 6% of

the total market value. Developments

like the Chelsea FC-branded towers

in Dubai Maritime City exemplify the

city’s innovative approach to luxury

real estate. This surge underscores

Dubai’s strategic vision to attract global

investors and solidify its position as

a premier destination for luxury living.


Mubadala Capital Leads $10B Investment in TWG Global

Mubadala Capital, the asset management

arm of Abu Dhabi’s

sovereign wealth fund, is leading

a $10 billion syndicated investment

into TWG Global, marking a significant

move into the global sports and entertainment

sector. This partnership not

only positions Mubadala at the forefront

of high-value investments but also

reflects a broader trend among Gulf

sovereign wealth funds diversifying

their portfolios beyond traditional assets.

TWG Global, co-chaired by Mark

Walter and Thomas Tull, manages a

diverse portfolio that includes stakes

in prominent sports franchises such as

the Los Angeles Dodgers, Los Angeles

Lakers, and Chelsea FC. As part of the

deal, TWG Global will commit $2.5

billion to Mubadala Capital and acquire

a minority stake in the asset manager.

Abu Dhabi Strengthens Global Sports Investment

Abu Dhabi is solidifying its role

as a global sports investment

powerhouse through two major

deals announced in May 2025. Lunate,

an Abu Dhabi-based alternative asset

manager overseeing over $110 billion,

has become the anchor investor in TPG

Sports, a newly launched investment

platform. This initiative is a joint venture

between private equity firm TPG

and golfing champion Rory McIlroy,

alongside his business partner Sean

O’Flaherty through Symphony Ventures.

TPG Sports aims to capitalise

on opportunities emerging from the

evolving global sports ecosystem. This

U.S.-based sports and entertainment

holding firm owns interests in iconic

franchises such as the LA Dodgers,

LA Lakers, and Chelsea Football Club.

These investments reflect Abu Dhabi’s

growing appetite for high-impact global

assets in sports and entertainment, positioning

the UAE capital as a key player

in the international sports economy.

UAE Secures $11B to Drive Industrial Innovation

The UAE’s Ministry of Industry

and Advanced Technology (MoI-

AT) has secured over AED 40

billion (approximately USD 10.8 billion)

in financing through agreements

with major national banks, including

First Abu Dhabi Bank, Emirates NBD,

Abu Dhabi Commercial Bank, Abu

Dhabi Islamic Bank, and WIO Bank.

These agreements, formalised in the

presence of Dr. Sultan bin Ahmed

Al Jaber, Minister of Industry and

Advanced Technology, aim to offer

competitive financing to support the

development and expansion of the

country’s industrial base. The strategic

move is part of the UAE’s broader

ambition to build a diversified,

knowledge-based economy centred

on innovation. The memoranda of

understanding (MoUs) are tailored

to promote investment in advanced

technology and manufacturing, with

a particular focus on enabling small

and medium-sized enterprises (SMEs)

to access financial support.

UAE Expands Investment

Footprint in Belarus

The United Arab Emirates has

intensified its strategic economic

engagement with Belarus, with

total UAE investments surpassing

USD 4 billion across multiple sectors,

including defence, smart cities, hospitality,

and technology. This growing

partnership has led to the launch of

transformative projects, notably the

Minsk International Exhibition Centre

and the Northern Waterfront smart city,

backed by prominent Emirati investors.

The collaboration aims to stimulate

Belarus’ innovation-led growth while

also reinforcing the UAE’s ambition to

broaden its investment geography and

geopolitical influence. With the UAE

now ranking among the top three foreign

investors in Belarus, this alliance signals

a commitment to long-term development,

sustainable infrastructure, and

mutually beneficial trade relations. The

partnership reflects shared interests

in digital transformation, renewable

energy, and urban modernisation, underscoring

the UAE’s role as a trusted

global investor.


Retail


GCC retail sector to transform through tech, sustainability, and changing consumer preferences.

What Lies Ahead

for the Retail

Sector in the

GCC

Retail Sector in the GCC Eyes Transformation

through Innovation, Sustainability, and

Evolving Consumer Demands.

The retail sector in the GCC, particularly

in the UAE, is undergoing rapid transformation

driven by digital innovation,

shifting consumer behaviours, and strong

regulatory frameworks. As e-commerce

gains momentum, physical retail is adapting

through hybrid models and enhanced

customer experiences. Governments are

playing a proactive role, with the UAE

implementing pricing policies for essential

goods and strengthening consumer protection

laws. Sustainability, tech-driven

logistics, and data analytics are becoming

integral to retail operations. As the region

prepares for future growth, retailers must

align with changing market dynamics,

and evolving consumer expectations.

The sector’s outlook remains strong,

with resilience and innovation at its core.


The Gulf Cooperation Council

(GCC) retail sector is set for substantial

expansion. Projections

suggest a compound annual growth rate

(CAGR) of 4.6%, with the market size

increasing from $309.6 billion in 2023

to $386.9 billion by 2028. Among the

key players, the UAE and Saudi Arabia

are expected to lead the charge, with

anticipated CAGRs of 5.4% and 5.1%,

respectively. These growth rates will

result in retail sales reaching $139.1

billion in the UAE and $161.4 billion in

Saudi Arabia by 2028. Several factors

contribute to this promising outlook.

Population growth, rising per capita

income, and a boom in tourism activities

are among the primary drivers of

retail expansion. Notably, the UAE and

Saudi Arabia are projected to account

for 77.7% of total retail sales across the

GCC by 2028, reinforcing their dominant

role in the region’s retail landscape.

E-Commerce Expansion and Digital

Integration

E-commerce is significantly reshaping

the retail sector across the GCC. The

region’s e-commerce market is projected

to more than double, rising from $24

billion in 2020 to $50 billion by 2025.

In the UAE, e-commerce penetration

has reached 4.2% of total retail sales,

exceeding the GCC average of 3%, indicating

a strong shift towards digital

retail channels. Consumer behaviour

is becoming increasingly digital-first,

with mobile devices playing a vital

role in the shopping journey. Approximately

85% of UAE consumers use

their smartphones to research products

before purchasing. In addition, 61%

of shoppers across the GCC prefer

using cards for online transactions,

highlighting a growing preference for

cashless payments. The emergence

of innovative payment solutions such

as Buy Now Pay Later (BNPL) is also

transforming the retail experience.

BNPL allows consumers to purchase

goods and pay for them in instalments,

offering increased financial flexibility.

This model is enhancing purchasing

power and boosting consumer confidence,

making it easier for shoppers

to manage their spending. As digital

integration deepens, these trends are

expected to drive continued growth in

the retail sector, positioning the GCC

and particularly the UAE, as a leader

in the region’s e-commerce evolution.

The field visits focused

on ensuring that retail

outlets adhere to the new

pricing policy for the nine

essential consumer goods,

preventing unjustified

price hikes, and displaying

product prices in a clear

and readable manner for

consumers.”

H.E. Abdulla bin Touq Al Marri,

UAE Minister of Economy

Investment in Retail Infrastructure

Alongside the rapid growth of e-commerce,

substantial investments are

being made in retail infrastructure

throughout the GCC. Between 2023

and 2028, around 3.9 million square

metres of organised retail space are

expected to be added, increasing the

region’s total gross leasable area to

24.3 million square metres. This expansion

reflects the GCC’s commitment

to strengthening its retail landscape

and meeting rising consumer demand.

Dubai is emerging as a key player in

this transformation, positioning itself

as a global retail hub. With per capita

retail spending estimated at $14,000,

second only to New York City, the

city is attracting attention from international

retailers and investors. The

retail sector is a major contributor to

Dubai’s economy, accounting for 24%

of the city’s urban GDP and employing

21% of its workforce. This underscores

the sector’s vital role in supporting

economic growth and job creation.

Additionally, the UAE’s strategic focus

on developing modern shopping

destinations and digital platforms

is enhancing its retail appeal. These

investments are not only improving

the consumer experience but are also

drawing global brands and shoppers to

the region. As a result, the GCC’s retail

sector is poised for sustained growth,

with Dubai leading the way in shaping

the future of commerce in the region.

Regulatory Measures and Consumer

Protection

The UAE government is implementing

new regulatory measures to ensure

market stability and protect consumers.

In February 2025, His Excellency

Abdulla bin Touq Al Marri, the UAE

Minister of Economy, highlighted the

significance of retail outlets adhering

to updated pricing policies for essential

consumer goods. These policies

are specifically designed to prevent

unjustified price hikes and promote

transparency in product pricing, ensuring

that consumers are not burdened

by unexpected price increases. These

regulatory actions play a crucial role

in maintaining consumer trust and

a competitive retail environment.

Transparent and clear pricing policies

help create a fair marketplace for

both businesses and consumers. They

also serve to address concerns about

inflation, especially during periods of

economic uncertainty. By fostering an

environment of fair competition, these

regulations ensure that the retail sector

can grow sustainably and responsibly.

The government’s proactive approach

to regulating pricing and protecting

consumers ensures a balanced retail

market that benefits both businesses

and the wider population. As the retail

landscape in the UAE continues to

evolve, these measures are essential in

maintaining a stable and competitive

market while encouraging growth and

consumer confidence.

The GCC retail sector is on a solid

growth trajectory, driven by demographic

shifts, digital transformation, and

strategic investments in infrastructure.

The increasing adoption of e-commerce,

digital payment solutions, and BNPL

services is redefining the way consumers

engage with retailers.


Local News

Dubai Holding Expands REIT IPO Amid Strong Investor Demand

Dubai Holding has increased the

size of its Dubai Residential REIT

initial public offering (IPO) from

12.5% to 15% of its issued unit capital

due to overwhelming demand from both

domestic and international investors.

The revised offering is expected to raise

to AED 2.15 billion (approximately

USD 585 million), with units priced

between AED 1.07 and AED 1.10 each.

This adjustment values the REIT at up

to AED 14.3 billion (USD 3.9 billion).

Post-listing, DHAM Investments LLC,

a subsidiary of Dubai Holding, will

retain an 85% stake in the REIT. The

IPO’s institutional book-building is

set to close on May 20, with trading

anticipated to commence around May

28. This move underscores the robust

investor confidence in Dubai’s real estate

market and the strategic positioning of

Dubai Holding in capitalising on the

city’s property boom.

UAE Commits $1.4 Trillion

Investment in U.S.

Over Next Decade

The United Arab Emirates has

pledged a historic $1.4 trillion

investment in the United States

over the next ten years, marking one

of the largest foreign investment commitments

in U.S. history. Announced

during a meeting between UAE President

Sheikh Mohamed bin Zayed Al

Nahyan and former U.S. President

Donald Trump, the investment aims to

bolster key sectors such as artificial

intelligence, semiconductors, energy,

and manufacturing. A significant

portion of this commitment includes

increasing UAE investments in the

U.S. energy sector from $70 billion

to $440 billion by 2035. The initiative

underscores the deepening economic

ties between the two nations and

reflects the UAE’s strategic focus on

technological advancement and energy

collaboration. This move is seen as a

testament to the enduring partnership

fostered during Trump’s presidency,

emphasising mutual interests in innovation

and economic growth.

Emirates NBD Receives RBI Nod to Establish Local

Unit in India

The Reserve Bank of India (RBI)

has granted in-principle approval

to Emirates NBD Bank PJSC to

establish a wholly owned subsidiary in

India. This approval allows the Dubaibased

bank to convert its existing

branches in Chennai, Gurugram, and

Mumbai into a locally incorporated

entity. Operating as a wholly owned

subsidiary will enable Emirates NBD to

function on par with domestic banks,

First Abu Dhabi Bank (FAB) has

introduced the Middle East’s

first embedded finance solution

in collaboration with Oracle and

Mastercard. This innovative offering

integrates banking services directly

into Oracle’s NetSuite platform, enabling

businesses to access financial

tools seamlessly within their existing

enterprise resource planning systems.

The solution aims to streamline financial

operations, enhance cash flow

management, and provide real-time

insights for businesses. By leveraging

Mastercard’s payment infrastructure and

Oracle’s cloud-based applications, FAB

is positioning itself at the forefront of

digital banking transformation in the

region. This initiative reflects FAB’s

commitment to delivering cutting-edge

financial solutions that cater to the

evolving needs of businesses in the

offering enhanced operational flexibility

and a broader range of services

within India’s financial system. This

development aligns with the RBI’s policy

to encourage greater participation of

foreign banks under stricter regulatory

frameworks. Emirates NBD’s move

reflects its commitment to expanding

its footprint in the Indian market, further

strengthening the financial ties

between the UAE and India.

FAB Launches Region’s First Oracle-Mastercard

Embedded Finance Solution

UAE and beyond.


Trump Concludes Gulf Tour with Major AI and Energy Agreements in the UAE

Former U.S. President Donald

Trump concluded his four-day

Gulf tour in Abu Dhabi, securing

significant deals in the artificial intelligence

and energy sectors with the

United Arab Emirates. A centrepiece

of these agreements is the establishment

of a 5-gigawatt AI campus in

Abu Dhabi, developed in collaboration

with Emirati firm G42 and major U.S.

tech companies like Nvidia, AMD,

and Amazon. This initiative includes

a potential agreement for the UAE

to import 500,000 Nvidia H100 chips

annually, marking a substantial step in

AI infrastructure development. Additionally,

the UAE pledged a $1.4 trillion

investment in the U.S. economy over

the next decade, focusing on AI, semiconductors,

and energy infrastructure.

These developments underscore the

deepening economic and technological

ties between the U.S. and UAE, positioning

both nations at the forefront

of global AI advancement.

UAE and OpenAI Collaborate

on Massive AI Data

Centre in Abu Dhabi


OpenAI have joined forces to

establish a groundbreaking

5-gigawatt AI data centre campus in

Abu Dhabi, poised to become one of

the largest globally. Led by Emirati

AI powerhouse G42, the project is set

to deliver computing capacity equivalent

to more than two million Nvidia

GB200 chips. This initiative is part of

the UAE’s broader strategy to position

itself as a global hub for artificial intelligence

and advanced digital infrastructure.

The collaboration follows

eased U.S. export regulations, enabling

wider access to critical American

technology. The U.S. Commerce Department

has also endorsed a new AI

partnership framework with the UAE,

highlighting the importance of responsible

and secure AI development. This

ambitious venture reflects the UAE’s

commitment to long-term technological

leadership and its investment in

building scalable, next-generation AI

capabilities.

UAE President waives nearly AED 140 million in

debt for Emiratis

President His Highness Sheikh

Mohamed bin Zayed Al Nahyan

has approved the exemption of

debts totalling AED 139.87 million for

222 Emiratis, underscoring the UAE’s

commitment to social welfare. Of these,

132 retirees will benefit from waivers

exceeding AED 86.47 million, while

90 citizens under the social support

programme will have over AED 53.4

million cleared. Implemented through

the Defaulted Debts Settlement Fund,

the initiative reinforces the leadership’s

The UAE has launched the fourth

and largest edition of its flagship

industrial initiative, Make it in the

Emirates 2025, under the theme “Advanced

Industries. Accelerated.” Organised by

the Ministry of Industry and Advanced

Technology (MoIAT), the event spans

68,000 square meters, featuring over

700 exhibitors and showcasing more

than 3,800 locally produced goods. With

an expected attendance of over 30,000

visitors across four days, the forum

focus on supporting low-income and

vulnerable groups. Beyond financial

relief, the move promotes social cohesion,

enhances family stability,

and embodies the UAE’s foundational

principles of unity and compassion. By

easing long-standing financial burdens,

the initiative empowers citizens to

regain economic independence and

reinforces the country’s broader social

development goals aimed at inclusive

and equitable progress.

Make it in the Emirates 2025: UAE Accelerates

Industrial Growth and Global Collaboration

aims to fast-track industrial expansion

and economic diversification. Dr. Sultan

Ahmed Al Jaber, Minister of Industry

and Advanced Technology, emphasised

the UAE’s commitment to leading global

industrial transformation, highlighting

the sector’s role in enhancing resilience,

employment, and supply chain independence.

The event builds upon AED

168 billion in procurement agreements

covering over 4,800 products across 12

key sectors.


RedMagic’s ‘10 Pro’

Experience the

Power: RedMagic

10 Pro Unleashed

The RedMagic 10 Pro, powered by the all-new Snapdragon

8 Gen 3, is the latest benchmark in mobile gaming

innovation. Built for high-performance gameplay,

the device introduces cutting-edge cooling systems,

ultra-smooth displays, and elite performance capacity

that caters to serious gamers and power users alike.

Design: A Gamer’s Dream

Sleek RGB accents with angular edges

Large 6.8-inch AMOLED display

120Hz refresh rate for ultra-smooth

visuals

Responsive 960Hz touch sampling rate


Play Like a Pro:

RedMagic 10 Pro’s

Storage and RAM Are

Built for Victory

Mobile gaming in 2025 isn’t just about casual tapping,

it’s gone full throttle. Leading the charge is the

RedMagic 10 Pro, a smartphone that blurs the line

between console power and pocket-sized convenience.

This isn’t your average Android device. Sure, it has

all the essentials, stunning camera array, contactless

payments, long battery life — but its real game-changer

is under the hood. Powered by Qualcomm’s Snapdragon

8 Elite and packing up to 24GB of RAM, the 10

Pro runs heavyweight games like Genshin Impact or

high-end console emulators without breaking a sweat.

The 6.85-inch AMOLED display boasts 1.5K resolution,

144Hz refresh rate, and an ultra-bright 2,000 nits, all

with zero notches thanks to a hidden selfie camera.

It’s a seamless visual playground. And if things heat

up? The custom ICE-X cooling system, featuring vapor

chambers, cooling gel, and a 23,000 rpm RGB

fan, keeps the action flowing. From its transparent

RGB-lit back to its desktop-class specs, the RedMagic

10 Pro isn’t just a smartphone.

Global Launch & UAE

Availability

Launch Date: May 2025

UAE Availability: Via the official RedMagic

website and select e-retailers

Audio & Haptics:

Immersive Feedback

Pros

Dual stereo speakers with DTS X Ultra

support

2x linear motors for 4D haptic feedback

Gaming shoulder triggers for enhanced

control

Elite gaming performance

Performance & Cooling:

Built for Battle

Advanced cooling with internal fan

High refresh display and fast touch response

Snapdragon 8 Gen 3 chipset

ICE 13.0 multi-layer cooling system

Up to 16GB RAM, 512GB storage

Built-in turbo fan for heat dissipation

Cons

Battery life varies under heavy gaming

Slightly bulky form factor for casual users

Final Thoughts

The RedMagic 10 Pro strikes an impressive balance between power, design, and innovation. With advanced specs tailored

to gaming demands, it stands out as a must-have for e-sports enthusiasts and tech-savvy users in the UAE market. Expect

this to lead the mobile gaming revolution in 2025.


Technology


Dubai’s e-commerce landscape evolves with innovations and digital business opportunities in 2025.

E-Commerce &

Digital Business in

Dubai: What’s Next

for 2025

Exploring the Future of E-Commerce

and Digital Business Growth in Dubai

for 2025.

Dubai’s e-commerce and digital business

sector is set for significant growth

in 2025, driven by government initiatives

and technological advancements. The

UAE’s Federal Decree-Law No. 14 of 2023

on Commerce through Modern Means

of Technology supports this growth by

promoting innovation, enhancing digital

infrastructure, and attracting investments.

The Digital Government Strategy 2025

further aims to integrate technology across

sectors, ensuring a seamless digital experience.

With a strong regulatory framework

and a thriving digital ecosystem, Dubai

is poised to become a global leader in

e-commerce. This article explores the

key developments shaping the future

of e-commerce and digital business in

Dubai for 2025.


Dubai’s e-commerce and digital

business landscape is evolving

rapidly, fuelled by technological

advancements, strategic investments,

and supportive government policies.

With the city positioning itself as a

global digital hub, stakeholders must

stay informed about emerging trends

and regulatory changes. As we approach

2025, businesses that embrace innovation,

enhance customer experiences,

and prioritise cybersecurity will gain a

competitive edge. Dubai’s commitment

to digital transformation offers numerous

opportunities for growth across

various sectors, making it essential for

investors and entrepreneurs to adapt to

this dynamic environment. Staying agile

and proactive will be key to thriving in

the city’s expanding digital economy.

The new law for

e-commerce forms part of

the integrated legislative

updates undertaken by

the UAE government to

accelerate the transition

towards a new economic

model and achieve higher

levels of competitiveness

for the country’s business

and trade environment.”

H.E. Abdullah Ahmed Al Saleh,

UAE Undersecretary of the Ministry of

Economy

Market Growth and Projections

The United Arab Emirates (UAE)

has witnessed remarkable growth in

its e-commerce sector. In 2025, the

e-commerce market is projected to

reach approximately USD 8 billion.

This growth trajectory is expected to

continue, with forecasts indicating a

compound annual growth rate (CAGR)

of 6.02% from 2025 to 2029, leading to

an estimated market volume of USD

10.11 billion by 2029.

Several factors contribute to this

upward trend. The UAE boasts one

of the highest internet penetration

rates globally, standing at 96%. This

widespread connectivity facilitates

the rapid adoption of online shopping.

Additionally, the proliferation

of smartphones and advancements in

digital payment solutions have made

e-commerce more accessible and

convenient for consumers.

Government Initiatives and Regulatory

Framework

The UAE government has been proactive

in fostering a conducive environment

for digital business. The

introduction of Federal Decree-Law

No. 14 of 2023 on Commerce through

Modern Means of Technology aims to

stimulate the growth of trade conducted

through advanced technologies. This

law enhances the UAE’s attractiveness

to investments and reinforces its position

as a global business and trade hub.

Moreover, the Dubai Blockchain

Strategy 2025 seeks to digitise government

documents and secure transactions,

positioning Dubai as a leader

in blockchain adoption. This initiative

not only enhances business security

and transparency but also promotes

efficiency in various sectors, including

logistics and supply chain management.

Technological Advancements and

Digital Transformation

Dubai’s commitment to digital transformation

is evident through its integration

of cutting-edge technologies. Artificial

Intelligence (AI) is playing a pivotal

role in reshaping various industries.

For instance, Abu Dhabi’s MGX, an

AI-focused fund, has invested USD 2

billion in Binance, the world’s largest

cryptocurrency exchange, marking

Binance’s first institutional funding.

This investment underscores MGX’s

commitment to advancing blockchain’s

transformative potential for digital

finance.

Additionally, the rise of fintech and

digital payment solutions is revolutionising

traditional banking. The

emergence of mobile payment platforms,

contactless payments, and

digital wallets is changing consumer

behaviour, with the digital business

sector, including fintech and digital

payments, set to surpass $30 billion as

more companies shift towards online

platforms.

Investment in Digital Infrastructure

Significant investments are being

made to bolster Dubai’s digital infrastructure.

Dubai developer DAMAC

Group has inked a USD 1 billion deal

with blockchain platform MANTRA

to tokenise real-world assets in the

Middle East. This move aligns with

Dubai’s ambitions to establish itself

as a global hub for digital and crypto

assets, supported by efforts to attract

key industry firms and develop virtual

asset regulations.

Furthermore, the establishment of

specialised e-commerce zones, such

as Dubai CommerCity, has created a

dedicated ecosystem for online retailers.

These zones offer state-of-the-art

infrastructure and value-added services,

facilitating the growth of e-commerce

businesses.

Consumer Behaviour and Market

Dynamics

The UAE’s cosmopolitan culture and

high disposable income levels have led

to a diverse and dynamic consumer

base. The fashion industry, for instance,

benefits from a blend of diversity and

entrepreneurship. Innovative technologies

designed to promote sustainability

are being showcased, reflecting a growing

consumer demand for eco-friendly

products. Moreover, the convenience,

variety, and ability to shop at any time

have led many UAE residents to embrace

e-commerce. This shift received an

extra boost during recent global events

that encouraged people to stay home

and order essentials online.

Dubai’s e-commerce and digital

business sectors are set for significant

growth by 2025, driven by strong

government support, and an evolving

consumer market. With strategic initiatives,

the city is becoming a global

hub for digital commerce.


FinTech News

Checkout.com and du Pay Partner to Boost Financial Inclusion in the UAE

Checkout.com has announced a

strategic partnership with du

Pay, the fintech arm of UAE

telecom operator du, to enhance

digital payment solutions and promote

financial inclusion across the

country. This collaboration aims to

integrate Checkout.com’s advanced

payment processing capabilities with

du Pay’s extensive user base, offering

seamless and secure transactions for

both consumers and merchants. By

leveraging Checkout.com’s robust

infrastructure, the partnership seeks

to streamline payment processes, reduce

transaction times, and provide a

wider array of payment options. This

initiative aligns with the UAE’s broader

vision of fostering a cashless economy

and underscores the commitment of

both companies to drive innovation

in the fintech sector. The alliance is

expected to empower underserved

communities by providing them with

access to reliable and efficient financial

services, thereby contributing to the

nation’s economic growth and digital

transformation goals.

Emirates Growth Fund Launches to Boost UAE SMEs

The UAE has launched the Emirates

Growth Fund, a significant

initiative aimed at supporting

the growth of small and medium-sized

enterprises (SMEs) across the country.

Backed by the Emirates Development

Bank (EDB) and managed by ADQ, the

fund is expected to deploy AED 370

million to empower scalable businesses

with strong growth potential. By providing

financial investment, mentorship,

and access to strategic resources, the

fund seeks to bridge funding gaps and

accelerate innovation within the SME

sector. This move aligns with the UAE’s

economic diversification agenda, fostering

entrepreneurship and reducing

dependency on oil revenues. Priority

will be given to companies in sectors

such as fintech, healthcare, and advanced

manufacturing. The Emirates

Growth Fund reflects the government’s

firm commitment to building a robust,

future-ready economy led by dynamic

homegrown enterprises.

Mashreq Launches API Marketplace for Instant

Payments

Mashreq Bank has unveiled its

API-enabled instant payments

offering through its newly

launched API marketplace, integrating

directly with the Central Bank of the

UAE’s Aani Instant Payment Platform

(IPP). This innovation enables

real-time low-value domestic fund

transfers, bulk disbursements, and

merchant payments 24/7, eliminating

traditional cut-off time restrictions.

Targeted at corporate and institutional

clients, this API-driven infrastructure

empowers businesses with seamless,

secure, and efficient cash management

capabilities. As the UAE continues to

advance its national digital payment

strategy, Mashreq’s move reinforces its

position as a digital banking leader in

the region. It also supports the UAE’s

push towards a cashless economy by

enhancing speed, accessibility, and

user experience.

Ripple Secures UAE

License and Expands

Blockchain Payments

Ripple has become the first blockchain

payments provider licensed

by the Dubai Financial Services

Authority (DFSA), enabling it to offer

regulated crypto payment services in the

UAE. This milestone allows Ripple to

operate within the Dubai International

Financial Centre (DIFC), tapping into the

region’s $40 billion cross-border payments

market. The approval underscores the

UAE’s commitment to fostering fintech

innovation and positions Ripple to meet the

growing demand for efficient, transparent,

and cost-effective payment solutions. With

over 20% of its global customer base in

the Middle East, Ripple’s expansion aligns

with its strategy to enhance financial infrastructure

through blockchain technology.

Additionally, Ripple’s partnerships with

local entities aim to accelerate blockchain

adoption and support the UAE’s vision

of becoming a global crypto hub.


Lalamove Enters UAE to

Redefine Logistics

Services

Lalamove, the global on-demand

delivery and logistics platform

headquartered in Hong Kong,

has officially launched operations in

the UAE, expanding its footprint into

the Middle East for the first time. With

a tech-first approach, the company

connects users with drivers to fulfil

same-day, last-mile, and scheduled

delivery needs through a user-friendly

mobile platform. By entering the UAE,

Lalamove aims to support both SMEs

and individuals seeking reliable and

flexible logistics services, especially in

e-commerce, F&B, and retail sectors.

The company’s arrival introduces greater

competition into the local logistics ecosystem

and responds to rising demand

for fast, affordable delivery solutions

in urban environments. Its operations

in Dubai will act as a strategic regional

base, enabling efficient connectivity

across the Gulf Cooperation Council

(GCC) countries.

UAE and US Collaborate on 5GW AI Campus in Abu

Dhabi


the United States have entered

into a landmark agreement to

establish a 5-gigawatt artificial intelligence

(AI) campus in Abu Dhabi,

marking the largest AI infrastructure

project outside the U.S. Spearheaded

by Emirati firm G42 and involving

major U.S. tech companies such as

OpenAI, Nvidia, and Microsoft, the

10-square-mile campus aims to accelerate

AI research and development in

the region. The facility will enable the

UAE to access up to 500,000 of Nvidia’s

advanced AI chips annually, facilitating

the growth of large-scale data centres

and AI applications. This collaboration

reflects a significant policy shift, easing

previous U.S. export restrictions and

emphasising secure AI development

through U.S.-managed cloud services.

The initiative underscores the UAE’s

ambition to become a global AI hub

while maintaining strategic partnerships

with leading technology providers.

Wio Bank Appoints Mansour AlMulla as Chairman,

Expands Board

Wio Bank PJSC, the UAE’s digital-first

bank, has announced

the appointment of Mansour

AlMulla as Chairman of the Board,

alongside the addition of four new

board members. AlMulla brings extensive

experience in finance and leadership,

positioning the bank to further

its mission of driving digital innovation

in the financial sector. The expanded

board is expected to provide strategic

guidance as Wio Bank continues to

develop its suite of digital banking

services tailored for individuals and

small to medium-sized enterprises

(SMEs). These appointments align

with the UAE’s broader objectives of

fostering a robust digital economy

and enhancing financial inclusion. By

strengthening its leadership team, Wio

Bank aims to accelerate its growth

trajectory and solidify its position as

a key player in the region’s evolving

fintech landscape.

UAE FinTech Sector

Projected to Reach

$6.43 Billion by 2030

The UAE’s fintech industry is

poised for significant growth,

with projections indicating a

market value of $6.43 billion by 2030,

up from $3.56 billion in 2025. This

growth, at a compound annual rate of

12.56%, is driven by supportive government

policies, advanced digital infrastructure,

and a conducive regulatory

environment. Initiatives like Dubai’s

Virtual Assets Regulatory Authority

(VARA) and Abu Dhabi Global Market’s

(ADGM) Regulatory Laboratory

have fostered innovation and attracted

global fintech players. The payment

sector, a key component of fintech,

is expected to generate $27.3 billion

in revenues by 2028, with transaction

volumes surpassing 3.1 billion. Experts

attribute this surge to the UAE’s

commitment to digital transformation,

financial inclusion, and its strategic

positioning as a regional fintech hub.

The country’s emphasis on open finance

further cements its status as a

leader in the fintech landscape.


Cover Story Cover Story

COVER

STORY


ANAX Holding is a dynamic investment firm founded in 2018

and headquartered in Dubai, with a vision rooted in impactful

growth across industries. Built on the pillars of innovation, integrity,

and excellence, ANAX Holding is focused on creating enduring

value through diversified global investments. With ventures spanning

hospitality, real estate, and a growing footprint in asset management,

the company exemplifies the entrepreneurial spirit driving the UAE’s

next chapter of economic leadership.

At the helm is Satish Sanpal, Chairman of ANAX Holding, whose

strategic foresight and unwavering ambition have positioned the group

as a force to be reckoned with in the region’s business ecosystem.

Joining him in this dynamic pursuit is Tabinda Sanpal, the Founder

& Director of ANAX Capital Asset Management, a driving force in the

world of finance. With the recent launch of ANAX Capital, the duo is

not only expanding their investment reach but also shaping the future

of asset management in the UAE and beyond.

In this exclusive interview, both visionaries delve into the origins

of their journey, the philosophies that guide their leadership, and how

they are building a legacy designed for the long haul.


Cover Story

SATISH SANPAL

Chairman,

ANAX Holding


Exclusive Interview with Satish Sanpal

Q: Every entrepreneurial journey has

a beginning. Can you take us back

to the earliest days of your career?

Were those initial moments defined

by clarity, uncertainty, or a combination

of both?

The earliest days of my career were

defined by determined curiosity and an

unshakeable belief in progress, though

admittedly cloaked in uncertainty. While

I had clarity in my ambition, the path

forward, like most entrepreneurial journeys,

was marked by calculated risks,

hard-earned resilience, and relentless

learning. Those formative years taught

me that uncertainty isn’t the enemy of

progress; it’s often its greatest catalyst.

Every challenge became a classroom,

every setback a stepping stone toward

the vision I was determined to bring to

life. What sustained me wasn’t just ambition,

but the conviction that meaningful

innovation requires both bold thinking

and patient execution.

Looking back, I realise those early

experiences of navigating the unknown

weren’t obstacles to overcome but rather

the very foundation that prepared me for

the opportunities and responsibilities that

would define my career.

Q: Before founding ANAX Holding,

what key experiences or influences

shaped your ambition to build a diversified

investment group?

Working across diverse industries, from

hospitality to real estate, provided invaluable

insights into the interconnected

nature of business and the power of

cross-sector thinking.

Observing global

markets and wealth

trends evolve reinforced

a fundamental truth:

adaptability and longterm

vision aren’t just

business advantages,

they’re necessities for

sustainable success.”

Each industry taught me something different

about customer behaviour, market

dynamics, and operational excellence. Yet

the common thread was the importance

of remaining flexible while maintaining

strategic focus. These experiences didn’t

just broaden my perspective; they fundamentally

shaped ANAX’s philosophy

of combining agility with purpose-driven

growth. Today, this multi-industry foundation

continues to inform our approach,

enabling us to see opportunities where

others might see only challenges and to

build solutions that transcend traditional

sector boundaries.

Q: Reflecting on your path, was there

a pivotal moment when you realised

you were building something larger

than a business, something with the

potential to become a platform or

legacy?

The realisation came when I witnessed

the multiplier effect our investments were

creating beyond pure financial returns.

We weren’t just generating capital; we

were catalysing change across communities,

industries, and individual lives.

That’s when ANAX transformed from

a business venture into something far

more significant.

I began to see ANAX as a platform

where visionaries could turn their most

ambitious ideas into reality, and where

transformative concepts found the resources

and support they needed to flourish.

It became clear that we were building

infrastructure for innovation itself, creating

pathways for future entrepreneurs

and changemakers who would carry this

impact forward long after any single investment

cycle. This shift in perspective

fundamentally changed how we operate.

Every decision now carries the weight of

legacy, every partnership becomes part

of a larger ecosystem of progress. We’re

not just building wealth; we’re building

the foundation for sustained, meaningful

change that will outlast any individual

transaction or market cycle.

Q: When you established ANAX in

2018, were you addressing specific

market gaps or aiming to introduce a

fundamentally new investment model?

It was fundamentally both, and these

objectives were inextricably linked. I

identified a critical disconnect in the

market where traditional investment

approaches were systematically prioritising

short-term gains over sustainable,

long-term value creation. This gap represented

more than mere inefficiency; it was

leaving tremendous potential unrealised

across multiple sectors.

ANAX emerged as our solution to this

fundamental misalignment.

We developed an

investment philosophy

that is inherently

bold yet strategically

diversified, designed

to adapt fluidly to

macroeconomic shifts

while maintaining

an unwavering focus

on transformative

opportunities.”

Rather than following conventional

wisdom, we built a model that could

identify and capitalise on convergence

points where innovation, market timing,

and societal needs intersect.

What made our approach fundamentally

different wasn’t just the capital we

deployed, but how we deployed it. We

weren’t simply filling market gaps; we

were reimagining how strategic investment

could catalyse broader transformation

across industries and communities.

Q: As global markets shift, some leaders

are streamlining their focus, while

others are embracing diversification.

What inspired your broad-based investment

strategy, and how do you

evaluate its risks and rewards?

Our diversification strategy stems from

a fundamental conviction that resilience

and adaptability are paramount in today’s

interconnected global economy. While

market concentration can yield significant

returns in favourable conditions,

we believe that thoughtful diversification

creates sustainable competitive advantages

that transcend individual market

cycles. The inspiration came from observing

how isolated sector expertise,

while valuable, often limits perspective

on emerging cross-industry opportunities.

Our broad-based approach enables us to

identify convergence points where technology,

consumer behaviour, and market


Cover Cover Story

Story

dynamics intersect across multiple sectors

simultaneously.

Regarding risk evaluation, we employ

a sophisticated framework that balances

portfolio-level stability with individual

investment boldness. Rather than viewing

diversification as risk mitigation alone,

we leverage our sector expertise to transform

apparent challenges into strategic

opportunities. This approach requires

deep industry knowledge and disciplined

capital allocation, but it positions us to

capitalise on market dislocations that

others might view as threats.

The reward extends beyond financial

returns to include intellectual capital,

market intelligence, and the ability to

facilitate cross-pollination between our

portfolio companies, creating value that

exceeds the sum of individual investments.

Q: In your opinion, what constitutes

a strategically valuable asset today?

Is it purely about financial return, or

do other factors such as long-term

resilience and portfolio synergy play

a greater role?

A truly valuable asset in today’s market

must demonstrate lasting relevance and

adaptability. Rather than focusing solely

on immediate financial returns, we evaluate

assets based on three key criteria:

their fundamental strength, scalability

potential, and strategic alignment within

our broader portfolio. In our increasingly

interconnected economy, the synergies

between assets often drive performance

more than the performance of individual

assets alone. This holistic approach ensures

we’re building a resilient portfolio

that can navigate market complexities

while delivering sustainable long-term

value.

Q: You chose to headquarter ANAX

in Dubai, a city known for its ambition

and reinvention. What unique

advantages did Dubai offer compared

to more traditional financial hubs?

Dubai represents a unique ecosystem

that perfectly aligns with our strategic

vision at ANAX. The emirate combines

exceptional leadership with a clear, longterm

development strategy that has transformed

it into a global business hub. Its

world-class infrastructure, from state-ofthe-art

financial districts to cutting-edge

transportation networks, provides the

foundation for sustainable growth and

innovation.

What particularly attracted us to Dubai

is its remarkable cultural diversity, which

fosters creative thinking and brings together

talent from across the globe. This

multicultural environment naturally drives

innovation and provides access to diverse

perspectives that are invaluable in today’s

interconnected markets. Dubai’s progressive

approach to emerging technologies,

especially its significant investments in

artificial intelligence, blockchain, and

smart city initiatives, directly mirrors

ANAX’s commitment to identifying and

investing in future-ready opportunities.

The government’s proactive stance on

digital transformation and its ambitious

vision for becoming a global technology

leader create an environment where

forward-thinking companies can thrive.

Additionally, Dubai’s regulatory framework

offers the flexibility and efficiency

that international businesses require, while

its strategic geographic position between

East and West provides unparalleled access

to emerging markets across Asia,

Africa, and the Middle East.

For a company

with ANAX’s bold,

global ambitions

and commitment to

pioneering investments,

Dubai wasn’t just an

attractive option, it was

the strategic choice

that positions us at the

centre of tomorrow’s

most dynamic growth

opportunities.”

Q: The UAE has emerged as a global

capital hub. Beyond tax and regulatory

incentives, what strategic considerations

influenced your decision to

establish ANAX’s base here instead

of in cities like London, New York,

or Singapore?

The UAE’s strategic commitment to

economic diversification has been truly

remarkable to witness. Rather than

relying solely on traditional energy sectors,

the leadership has systematically

built a knowledge-based economy that

spans financial services, technology, logistics,

and innovation. This deliberate


YEAR FOUNDED

2018

ANAX HOLDING

CURRENT AUM (ASSETS UNDER

MANAGEMENT) IN

AED 1.5B

NUMBER OF DEALS CLOSED

90%

OF EVORA RESIDENCES IN

AL FURJAN PROJECT SOLD IN

2 MONTHS

GEOGRAPHIC FOOTPRINT

UAE & UK

TEAM & TALENT STATS

100-200


Cover Cover Story

Story

transformation demonstrates the kind of

long-term vision that resonates deeply

with our investment philosophy at ANAX.

What sets the UAE apart is not just its

forward-thinking leadership, but how this

vision translates into concrete policy and

infrastructure. The government doesn’t

simply talk about innovation, they create

the regulatory frameworks, free zones, and

institutional support systems that make

entrepreneurship not just possible but

genuinely advantageous. This isn’t about

encouraging business through rhetoric;

it’s about enabling it through systematic,

well-designed institutional architecture.

The entrepreneurial ecosystem here

operates at a different level entirely. Entrepreneurs

and investors have access to

streamlined business setup processes,

investor-friendly regulations, and a legal

framework that protects intellectual

property while facilitating rapid scaling.

The combination of government backing,

access to capital, and connection to global

markets creates an environment where

ambitious ventures can grow organically.

Perhaps most importantly, the UAE

offers something rare in today’s business

landscape: the opportunity to build both

immediate growth and a lasting legacy.

The stability of institutions, the clarity

of long-term economic strategy, and the

commitment to maintaining the UAE’s

position as a global hub mean that businesses

established here aren’t just capturing

short-term opportunities; they’re

positioning themselves as part of the

region’s continued ascension as a centre

of global commerce and innovation.

For ANAX, this represents exactly the

kind of environment where transformative

investments can flourish and create

enduring value.

Q: Can you share an example of a project

that felt personally meaningful,

one that extended beyond financial

outcomes and reflected your deeper

values or vision?

The V-Suites residences represent something

deeply personal and strategic for me.

This project was conceived not simply as

another real estate development but as

a deliberate statement about the calibre

of investment that Dubai both deserves

and demands.

What makes V-Suites particularly meaningful

is how it embodies our core investment

principles in tangible form. Every

aspect, from the architectural design to

the community spaces, reflects our commitment

to quality and our belief that

true value lies in creating environments

that enhance people’s lives.

The project also represents our vision

of transformative urban presence. Rather

than just adding to Dubai’s skyline,

V-Suites is designed to contribute meaningfully

to the urban fabric, creating a

community that reflects the city’s dynamic

spirit while offering residents a genuine

sense of belonging. It’s this combination

of exceptional quality, thoughtful community

building, and transformative impact

that makes V-Suites not just a successful

project but a reflection of everything we

stand for as an investment firm.

Q: Looking ahead, ANAX has several

flagship developments in the pipeline.

What makes these upcoming projects

a strategic reflection of your longterm

investment vision?

Our upcoming developments represent a

strategic evolution of ANAX’s investment

philosophy, where design excellence meets

long-term value creation. Each project has

been carefully positioned to address distinct

market segments while maintaining

our commitment to exceptional quality.

V-Suites Residences in Business Bay

will redefine executive living in one of

Dubai’s most vibrant commercial districts.

This development recognises the growing

demand for sophisticated residential

options that complement the area’s

dynamic business environment, offering

professionals a seamless integration of

work and lifestyle.

Our branded residences on the Dubai

Islands, developed in partnership with

the iconic ELLE brand, are being meticulously

curated for discerning international

investors who value both distinction and

privacy. This project remains a testament

to our ability to align with global names

and translate their lifestyle ethos into

spaces that resonate with the regional

market and later this year, we’ll unveil

our ultra-luxury project in Meydan, which

will further solidify our presence in the

premium segment.

Q: How do you see the UAE’s real estate

sector evolving? What structural

trends or long-term dynamics should

investors be paying attention to?

We’re witnessing a fundamental shift in

Dubai’s real estate sector, moving beyond

purely transactional growth toward creating

genuine transformational value. This

evolution reflects a more sophisticated

market where buyers and investors are

seeking properties that offer meaningful

lifestyle enhancement, not just financial

returns.

Several key trends are driving this

transformation. There’s significant momentum

in the branded residences segment,

where international buyers value

the assurance of established hospitality

and luxury brands. Simultaneously, we’re

seeing strong demand for wellness-integrated

communities that prioritise residents’

physical and mental well-being

through thoughtful design and amenities.

The digital transformation is equally

compelling. Today’s developments must

incorporate smart building technologies,

seamless connectivity, and flexible spaces

that can adapt to changing work and

lifestyle patterns. Properties that fail to

embrace this digital-first approach risk becoming

obsolete. Looking ahead, successful

investors will need to focus on three

critical areas: liveability, environmental

and social governance standards, and flexible-use

design. Liveability encompasses

everything from community amenities to

transportation access. Strong ESG credentials

are becoming non-negotiable as

both residents and investors prioritise

sustainability and social responsibility.

Finally, flexible-use real estate, spaces

that can easily adapt from residential to

commercial use or accommodate hybrid

work arrangements, will command premium

valuations.

This shift represents a maturation of

Dubai’s real estate market, where longterm

value creation takes precedence

over short-term speculation.

We’re not simply building properties; we’re

creating distinctive environments that reflect

Dubai’s aspirational spirit while delivering the

kind of long-term value that defines ANAX’s

approach to real estate investment.”


Q: We’re seeing a notable rise in crypto

transactions across Dubai’s real

estate market in 2025. How do you

view the role of digital assets in shaping

property investment strategies?

The integration of digital assets into

Dubai’s real estate sector represents a

fundamental shift in how investors approach

property transactions and wealth

management.

We’re observing a clear

evolution in investor

preferences, particularly

among younger, techsavvy

demographics and

international buyers who

operate across multiple

digital platforms.”

At ANAX, we recognise this isn’t merely

a technological trend, it’s a strategic

transformation that offers genuine opportunities

to enhance accessibility and

streamline the investment experience.

Digital assets can eliminate traditional

barriers such as cross-border payment

delays, currency conversion complexities,

and lengthy settlement processes that

have historically complicated international

real estate transactions.

Our approach to this evolution is both

progressive and prudent. While we’re

committed to embracing innovation, we

maintain a focus on regulatory compliance

and comprehensive due diligence.

Dubai’s regulatory framework provides

clear guidelines for digital asset integration,

and we’re working within these parameters

to ensure all transactions meet

the highest standards of transparency

and security.

We plan to incorporate cryptocurrency

payment options shortly, reflecting our

commitment to flexibility and our recognition

of the changing dynamics of global

capital flows. This capability will particularly

benefit our international clients who

prefer the efficiency and accessibility that

digital assets provide.

Ultimately, this integration aligns with

our broader philosophy of staying ahead

of market evolution while maintaining

the trust and security that define ANAX’s

approach to investment. We see digital

assets as another tool to deliver exceptional

value and convenience to our clients.

Q: You have plans to expand into the

UK market. What specific opportunities

do you see in this area, and

how does this expansion align with

your broader global strategy moving

forward?

The UK represents a cornerstone market

in ANAX’s international expansion

strategy, offering the unique combination

of market maturity, regulatory stability,

and enduring global appeal that aligns

perfectly with our investment philosophy.

We’ve already established our presence

through strategic developments, including

our residential project in Loughton,

which has provided valuable insights into


Cover Story


ELLE Residences Dubai

Islands: A Landmark

Fashion-Forward Living

Experience

ANAX Developments has partnered with ELLE –

the iconic French fashion and lifestyle brand – to

launch ELLE Residences Dubai Islands, marking

the brand’s first residential project in the Middle

East and second globally after Miami.

Located in the prestigious Dubai Islands, the development

will reflect ELLE’s Parisian sophistication

fused with Dubai’s bold urban luxury. Designed by

The One Atelier and ARQUINAUT, the residences

will offer beachfront living, vibrant amenities, and

curated interiors rooted in fashion, wellness, and

lifestyle innovation.

This project sets a new benchmark in branded

residences, combining French flair with the dynamic

spirit of Dubai.


Cover Cover Story

Story

the UK market dynamics and consumer

preferences.

Building on this foundation, we’re preparing

to launch a premium offering in

Mayfair, which represents a significant

milestone for ANAX. Entering one of London’s

most prestigious and historically

significant neighbourhoods demonstrates

our commitment to pursuing only the

highest-calibre opportunities. Mayfair’s

enduring appeal to international investors,

combined with its scarcity of prime

development sites, creates exactly the

kind of value proposition that defines our

approach. These UK initiatives reflect our

disciplined focus on high-value locations

that consistently attract global investor

demand. We don’t simply follow market

trends; we identify neighbourhoods and

districts that have demonstrated resilience

across economic cycles while maintaining

their aspirational status among discerning

buyers.

Q: What advice would you offer to the

next generation of entrepreneurs and

investors aiming to build diversified

investment platforms? What lessons

or missteps should they be mindful of?

My advice to emerging investors centres

on five fundamental principles that have

guided my approach throughout my career.

First, begin with absolute clarity of

purpose rather than being driven solely by

the promise of financial returns. Understanding

why you’re investing, whether it’s

wealth preservation, legacy building, or

market transformation, will inform every

decision you make and help you maintain

focus during volatile periods. Second,

embrace continuous learning as a core

discipline. Markets evolve, technologies

advance, and economic landscapes shift.

The investors who thrive are those who remain

intellectually curious and adaptable,

constantly expanding their understanding

of emerging trends and opportunities.

Third, honour your relationships above

all else. Investment success is ultimately

built on trust, credibility, and mutual

respect. The partnerships you cultivate,

the reputation you build, and the integrity

you demonstrate in every transaction

become your most valuable assets

over time. Fourth, respect time as your

most finite resource. This means being

selective about opportunities, focusing

your energy on high-conviction investments,

and understanding that sustainable

wealth creation requires patience and

strategic thinking rather than reactive

decision-making.

Finally, ensure that

diversification is driven

by deep insight rather

than emotional impulse.”

Spreading investments across different

sectors or geographies should be based

on thorough analysis and strategic reasoning,

not fear or the desire to chase

every trending opportunity.

Above all, build everything with unwavering

integrity. Market conditions

change, economic cycles shift, and investment

strategies evolve, but integrity

outlasts everything else. It becomes the

foundation upon which lasting success

and meaningful legacy are constructed.


Exclusive Interview with Tabinda Sanpal

Q: You have accumulated over a decade

of experience within the financial

services sector. What initially attracted

you to this industry?

My journey began in what was initially a

more traditional nine-to-five role. What

first attracted me to this industry, and

what continues to inspire me today, is

its inherent dynamism. Finance is never

static; it’s constantly evolving, presenting

fresh challenges and opportunities that

keep me engaged and motivated.

Over time, what started as simply a

career path has evolved into a genuine

passion.

I’m deeply driven by the

potential to create meaningful

impact through smart financial

solutions and the opportunity

to empower others with the

tools they need to build and

preserve wealth.”

TABINDA SANPAL

Founder and Director,

ANAX Capital


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Story

There’s something profoundly rewarding

about helping individuals and

organisations navigate complex financial

landscapes and achieve their long-term

goals. The industry’s continuous transformation,

whether through technological

innovation, regulatory changes, or shifting

market dynamics, ensures that every

day brings something new to learn and

master. This constant evolution is what

keeps me energised and committed to

growing within this field.

Q: ANAX has already established a

strong presence in the real estate

sector. What was the strategic thinking

behind expanding into financial

services with the launch of ANAX

Capital?

Diversification with a purpose was central

to our decision. Our success in real estate

gave us valuable insights into what clients

truly need from their financial partners,

and we recognised an opportunity to apply

those learnings to a broader market.

We observed persistent challenges in the

trading landscape: complex onboarding

processes, limited flexibility, and a lack

of truly investor-centric platforms. Many

existing platforms seemed designed more

for the convenience of the provider rather

than the client experience. We saw traders

and investors struggling with unnecessarily

complicated procedures, rigid account

structures, and platforms that lacked

transparency in their operations.

With ANAX Capital, we set out to address

these gaps by leveraging our client-first

philosophy and combining it with

cutting-edge technology. We’re offering

a more streamlined, tech-enabled experience

that prioritises user experience

without compromising on functionality.

From easier account setups and faster verification

processes to enhanced flexibility

in trading options and truly transparent

tools, our goal is to simplify the entire

investment journey while empowering

clients to make informed decisions with

confidence. This expansion also allows

us to create synergies between our real

estate expertise and financial services,

offering clients a more comprehensive

wealth-building ecosystem.

Q: Given that credibility is central

to financial services, how is ANAX

Capital approaching the challenge of

establishing investor trust as a newly

launched entity?

Trust is indeed the cornerstone of everything

we do in financial services, and we

understand that as a new entity, we need

to earn it through action, not promises.

Our approach is built on three fundamental

pillars: transparency, compliance,

and education.

First, we’re investing heavily in transparency

at every level. Our digital platforms

are designed for absolute clarity,

ensuring clients understand exactly what

they’re investing in, the associated risks,

and all fee structures upfront. There are

no hidden costs or surprise charges. We

believe that when clients have complete

visibility into their investments and our

processes, trust naturally follows.

Second, we’ve prioritised robust compliance

frameworks from day one. Rather

than viewing regulatory requirements as

hurdles, we see them as the foundation

of credible operations. We’ve assembled

a team of compliance experts and are

working with established regulatory bodies

to ensure we not only meet but exceed

industry standards.

Third, we focus on education. Many

platforms rush clients into trades or investments

without ensuring they truly

understand what they’re doing. We’ve built

comprehensive educational resources

and provide personalised guidance to

help clients make informed decisions

that align with their financial goals and

risk tolerance.

Our partnerships are also selectively

curated.

We work only with

established, reputable

institutions and service

providers who share

our commitment to

integrity and client-first

principles.”

This selective approach might mean

slower initial growth, but it ensures that

every relationship adds credibility to our

platform. Most importantly, we’re committed

to delivering value before volume.

We’d rather have a smaller client base of

satisfied, successful investors than rush

to scale at the expense of service quality.

Trust isn’t built overnight, but consistency,

honesty, and tangible results accelerate

its journey. Every client interaction, every

successful trade, and every transparent

communication builds upon our reputation

brick by brick.

Q: How do you define ‘investor empowerment’

in today’s rapidly evolving

financial ecosystem, and in what ways

does ANAX Capital aim to deliver on

this objective?

Investor empowerment, in my view,

means equipping individuals with three

essential elements: clarity, choice, and

confidence. In today’s complex financial

landscape, too many investors feel overwhelmed

by jargon, confused by opaque

processes, or pressured into decisions

they don’t fully understand. True empowerment

transforms this dynamic entirely.

Clarity means providing investors with

straightforward, accessible information

about their options, risks, and potential

outcomes. Choice involves offering genuine

options that align with individual

goals, risk tolerance, and circumstances.

Rather than pushing one-size-fits-all

solutions, we provide a diverse range

of investment opportunities and tools

that allow investors to build portfolios

that truly reflect their unique situations

and aspirations. Confidence comes from

knowledge and support. When investors

understand what they’re doing and why,

and when they have access to ongoing

guidance, they can make decisions with

conviction rather than anxiety.

At ANAX Capital, we deliver on this

through several key initiatives. Our personalised

strategy development process

takes into account each client’s specific

financial goals, timeline, and comfort level.

We don’t just collect basic demographic

information; we engage in meaningful

conversations about what success looks

like for each investor.

Our transparent data insights provide

real-time access to portfolio performance,

market analysis, and trend information

presented in clear, actionable formats.

Clients can see exactly how their investments

are performing and understand the

factors driving those results. We’ve also

invested heavily in educational content

that goes beyond basic financial literacy.

Our resources help investors understand

market dynamics, evaluate opportunities,

and develop the critical thinking skills

needed to navigate an ever-changing financial

landscape independently.


Ultimately, our goal is to ensure every

investor feels seen, supported, and

strategically guided rather than simply

processed through a system. When investors

are truly empowered, they become

partners in their financial success rather

than passive participants.

Q: Technology continues to reshape

the financial services industry. How

is ANAX Capital planning to integrate

digital innovation to offer secure,

seamless, and forward-looking

solutions to clients?

Technology is at the heart of our client experience

strategy, and we’re approaching

digital innovation with a clear focus on

solving real client pain points rather than

simply adopting the latest trends for their

own sake. We’ve already implemented a

seamless onboarding and client servicing

process that eliminates the traditional

friction points that frustrate investors.

One of our most exciting developments

is the integration of AI-powered support

systems. We’re deploying intelligent chat

support and AI-powered agents that can

interact with our clients and resolve their

queries in real-time, often within minutes

rather than hours or days. These aren’t

basic chatbots with pre-programmed responses,

but sophisticated systems that

can understand context, provide personalised

advice and escalate complex issues

to human specialists when needed. Our

technology roadmap extends beyond

customer service. We’re developing advanced

analytics tools that provide clients

with predictive insights and personalised

investment recommendations based on

market trends, individual portfolio performance,

and risk profiles. This allows

our clients to make more informed decisions

and identify opportunities they

might otherwise miss.

Looking ahead, we’re investigating

how emerging technologies like machine

learning and predictive modelling can

enhance our investment strategies and

risk management processes. However,

we’re committed to implementing these

innovations thoughtfully, ensuring they

genuinely improve client outcomes rather

than simply showcasing technological

capabilities.

Q: The UAE’s recent introduction of

the ‘Finfluencer’ license marks a regulatory

shift in how financial content

is created and consumed. What is your

perspective on this development and

its impact on the industry?

The UAE’s introduction of the finfluencer

license represents a pivotal moment for

the financial services industry. It’s a bold

and necessary step that addresses one

of the most pressing challenges we face

today: the intersection of social media

influence and financial decision-making.

This proactive regulatory approach positions

the UAE as a global leader in digital

finance governance, setting a standard

that other markets will undoubtedly study

and likely adopt.

For too long, the financial content space

has operated in a regulatory grey area

where anyone could offer investment advice

or promote financial products without


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Story

proper oversight or accountability. This

created significant risks for consumers

who might make important financial decisions

based on unqualified or potentially

biased guidance. The “finfluencer” license

changes this dynamic fundamentally. Regulation

brings much-needed accountability

to an increasingly influential space. In an

age where financial narratives and social

media content genuinely shape investment

decisions, especially among younger demographics,

it’s essential to safeguard

accuracy and protect consumers from

misleading information. We’ve seen the

damage that can result from unregulated

financial advice, from pump-and-dump

schemes to inappropriate risk recommendations

for unsuitable audiences. The license

legitimises content creation while

simultaneously elevating the responsibility

that comes with influence. This creates a

win-win scenario: qualified financial influencers

gain credibility and professional

recognition, while consumers can have

greater confidence in the advice they’re

receiving. It establishes clear standards

for disclosure, competency, and ethical

behaviour that the industry desperately

needs.

From an industry perspective, this development

should strengthen the ecosystem.

It separates genuine financial

educators and advisors from those simply

seeking to capitalise on social media

followings without proper expertise. This

professionalisation of financial content

creation will likely lead to higher-quality

information, better consumer outcomes,

and increased trust in digital financial

guidance.

I believe this regulation sets a positive

precedent that will encourage more responsible

financial content creation globally,

ultimately benefiting both industry

professionals and the investing public.

Q: The financial industry continues to

grapple with gender representation.

As a woman in a leadership role, how

have you navigated the challenges

traditionally associated with women

in finance?

Rather than seeing the challenges as obstacles,

I’ve embraced them as opportunities

to redefine the narrative around women

in finance. The industry has traditionally

been shaped by certain perspectives and

approaches, and I believe diverse leadership

brings fresh insights that ultimately

benefit everyone.


One of the most important

lessons I’ve learned is

that representation isn’t

merely about numbers,

though those matter

too. It’s fundamentally

about voice, vision, and

visibility.”

It’s about bringing different perspectives

to investment strategies, client relationships,

and business decisions. Women

often approach risk assessment, client

communication, and long-term planning

differently, and these diverse approaches

can lead to better outcomes for everyone

involved. I’ve been fortunate to have

mentors, both male and female, who recognised

potential over convention and

supported my growth even when it meant

challenging traditional expectations. Their

guidance taught me that authenticity and

competence speak louder than conformity.

I’ve built my path with conviction,

staying true to my values and leadership

style rather than trying to fit into existing

moulds.

But individual success isn’t enough.

I’m deeply committed to making space

for more women to lead unapologetically

in this industry. This means actively

mentoring other women, advocating for

inclusive hiring and promotion practices,

and creating environments where diverse

talents can thrive. At ANAX Capital, we’re

building a culture where merit and vision

matter more than background or gender.

Q: Is there a particular financial philosophy

or guiding principle that you

live by, both personally and professionally?

My core philosophy centres on a simple

but powerful concept: discipline drives

growth. This principle shapes every

financial decision I make, whether it’s

managing my budget or overseeing institutional

investment strategies at ANAX

Capital. At its heart, this philosophy is

built on strategic patience and the conviction

that sustainable wealth creation

requires making decisions grounded in

foresight rather than fleeting sentiment.

In an industry often driven by market

emotions, quarterly pressures, and the

latest trends, I’ve found that the most

successful outcomes come from maintaining

a disciplined, long-term perspective.

Personally, this means consistently

investing in my future and resisting the

temptation of immediate gratification

when it conflicts with long-term objectives.

I budget not just my money, but

my time and energy, treating them as

finite resources that deserve the same

strategic allocation as any investment

portfolio. Professionally, this philosophy

translates into rigorous research processes

and patience in waiting for the right

opportunities. We don’t chase trends or

make reactionary moves based on shortterm

market volatility. Instead, we focus

on fundamentals, conduct thorough due

diligence, and build strategies designed

to weather various market conditions.

Ultimately, I believe

that financial success,

whether personal or

professional, isn’t

about timing the market

perfectly or finding the

next big opportunity.”

It’s about consistently making sound

decisions, staying true to your strategy,

and having the discipline to let compound

growth work in your favour over time.

This philosophy has served me well

throughout my career and continues to

guide how we approach wealth creation

at ANAX Capital.

Q: Looking ahead, what is your strategic

vision for ANAX Capital over the

next three to five years, both within

the UAE and in terms of broader international

growth?

Over the next three to five years, our

strategic vision for ANAX Capital is to

position the company as a premier, trusted

advisory and investment partner across

the MENA region, while also establishing

a strong and agile digital footprint in

international markets, particularly in the

UK and Europe. We see ANAX Capital

evolving into a dynamic financial platform

that not only supports clients with worldclass

advisory services but also drives

innovation in how financial solutions are

delivered and accessed globally.

Within the UAE and the broader MENA

region, we aim to deepen our presence

by working closely with entrepreneurs,

family offices, and institutional investors

to unlock long-term value. Internationally,

our focus is on scalable growth through

strategic alliances, digital platforms, and

regulatory alignment that enables seamless

cross-border service delivery. By

embracing emerging technologies such

as AI, data analytics, and blockchain, we

intend to build next-generation financial

tools that cater to both traditional and

digital-native clients.

At the core, our ambition is to make

ANAX Capital a globally recognised brand

known for its integrity, adaptability, and

impact, one that clients trust to guide

them through every stage of their financial

journey, whether in the UAE, Europe,

or beyond.


FinTech


Dubai is building a dynamic fintech ecosystem with strong regulations and innovation.

Dubai’s FinTech

Evolution:

Emerging Trends

& Opportunities

Dubai is Fostering a Thriving Fintech Ecosystem

with Strong Regulations, Strategic Initiatives, and

Emerging Digital Trends

Dubai has rapidly become a global fintech

hub, driven by strong regulations,

strategic initiatives, and digital innovation.

Its fintech sector is expanding, supported

by government-led programmes,

investor-friendly policies, and a rising

demand for digital financial solutions.

With a vision to lead in digital finance

and a cashless economy, Dubai attracts

startups, investors, and global fintech

firms. Key entities like the Dubai International

Financial Centre (DIFC) and

the Virtual Assets Regulatory Authority

(VARA) are fostering innovation while

ensuring market stability. As financial

technology advances, Dubai remains a

leader, solidifying its position as a top

destination for fintech development and

investment.


Dubai has positioned itself as a

global financial technology hub,

attracting businesses, investors,

and talent from around the world. The

city’s fintech evolution has been driven

by strategic government initiatives,

a strong regulatory framework, and

a commitment to technological advancement.

With its ambitious vision

to become a cashless economy and a

global leader in digital finance, Dubai

is fostering an ecosystem that supports

startups, innovation, and large-scale

investment. As financial technology

continues to shape the future of global

economies, Dubai is emerging as a model

city that balances innovation with

regulation. The city’s fintech sector is

experiencing remarkable growth, with

new trends and opportunities defining

its trajectory.

Government Initiatives and Regulatory

Advancements

Dubai’s fintech success is closely

linked to its progressive regulatory

environment and strong governmental

support. The Dubai International

Financial Centre (DIFC), a leading

financial hub in the Middle East, has

introduced several initiatives to attract

fintech firms. The DIFC FinTech Hive,

launched in 2017, was the region’s first

accelerator program dedicated to financial

technology. It connects startups

with major banks, financial institutions,

and regulatory bodies, facilitating their

growth and market entry.

The DIFC has also implemented a

flexible regulatory framework that

encourages financial innovation while

maintaining consumer protection and

market integrity. The introduction of

the Virtual Assets Regulatory Authority

(VARA) in 2022 further demonstrates

Dubai’s commitment to fostering a

safe and transparent digital asset

ecosystem. VARA is responsible for

regulating, licensing, and overseeing

companies dealing with cryptocurrencies

and blockchain technology,

ensuring compliance while supporting

industry growth.

Strategic Location and Market

Accessibility

Dubai’s strategic location as a gateway

between East and West has played a

crucial role in its fintech expansion.

The city provides access to a diverse

and rapidly growing market, spanning

the Middle East, Africa, and South

Asia (MEASA). With an increasing

demand for digital financial services

in these regions, Dubai serves as an

ideal launchpad for fintech companies

seeking international expansion.

The MEASA region is home to a

significant unbanked and underbanked

population, creating a vast opportunity

for fintech solutions that promote

financial inclusion. Mobile banking,

digital wallets, and blockchain-based

remittance services are gaining traction,

particularly in emerging economies.

Dubai’s advanced infrastructure, combined

with its strong connectivity and

digital transformation agenda, positions

it as the fintech capital of the region.

Key Fintech Trends Shaping Dubai’s

Financial Sector

Several emerging trends are driving

Dubai’s fintech evolution, transforming

how financial services are delivered.

Fintech is one of the

key sectors supporting

sustainable growth and

other economic sectors,

intending to increase

its contribution to

approximately 12% of GDP

by 2031.”

H.E. Abdulla Bin Touq Al Marri,

UAE Minister of Economy

One of the most significant trends is

the rise of artificial intelligence (AI)

in finance. AI-powered technologies

are being used to enhance risk assessment,

fraud detection, and customer

service automation. Machine learning

algorithms can analyse vast amounts

of data to improve decision-making

and personalise financial products for

consumers. Another major trend is

the adoption of open banking, which

enables third-party financial service

providers to access consumer data

through secure application programming

interfaces (APIs).

Open banking fosters competition

and innovation, allowing fintech startups

to offer tailored financial solutions

while empowering consumers with

greater control over their finances. The

insurance sector is also undergoing

digital transformation, with insurtech

companies leveraging technology to

streamline processes, reduce costs,

and offer more customised insurance

products. Digital-only insurers and

blockchain-based smart contracts

are reshaping the industry, improving

efficiency and customer experience.

Investment Landscape and Fintech

Expansion

Dubai’s fintech sector is experiencing a

surge in investment, driven by increased

interest from venture capital firms,

hedge funds, and institutional investors.

The market is projected to grow from

$3.16 billion in 2024 to $5.71 billion by

2029, fuelled by government-backed

initiatives and a thriving startup ecosystem.

International fintech giants

and blockchain-based enterprises are

expanding their presence in Dubai,

leveraging its favourable regulatory

framework and strategic location. In

March 2025, Emirates NBD partnered

with BlackRock to provide wealth

management clients with access to

alternative asset classes, focusing on

private markets.

This collaboration aligns with the

global trend of expanding private market

investment opportunities, enabling

investors to diversify their portfolios

and seek higher returns. Meanwhile,

the DAMAC Group signed a $1 billion

deal with blockchain platform MAN-

TRA in January 2025. By converting

ownership rights into digital tokens,

this initiative aims to enhance asset

liquidity and accessibility for investors.


Business News

Dubai Holding Expands Residential REIT IPO Amid Strong Investor Demand

Dubai Holding has increased the

size of its Dubai Residential REIT

initial public offering (IPO) due

to overwhelming demand from both

domestic and international investors.

The offering now represents 15% of

the REIT’s issued share capital, up

from the initially planned 12.5%. This

adjustment raises the total units offered

to 1.95 billion, with the institutional

tranche expanding from 1.46 billion

to 1.79 billion units, while the retail

tranche remains at 162.5 million units.

The IPO, which opened on May 13, is

set to close on May 20, with the final

offer price to be announced on May 21.

The price range remains between AED

1.07 and AED 1.10 per unit, potentially

valuing the REIT between AED 13.9

billion and AED 14.3 billion. Dubai

Residential REIT, managing over 35,700

units across 21 communities, plans to

distribute semi-annual dividends starting

September 2025, targeting payouts

exceeding AED 1.1 billion or 80% of

profits, subject to board approval.

ADNOC Awards $18B

in H1 2025 Contracts

to Boost UAE Economy

The Abu Dhabi National Oil Company

(ADNOC) has awarded

contracts worth AED 65.7 billion

($17.9 billion) in the first half of 2025 to

nearly 400 local suppliers, contractors,

and service providers. These contracts

span critical sectors such as drilling,

logistics, operational support services,

and engineering, procurement, and

construction (EPC). This initiative

is part of ADNOC’s In-Country Value

(ICV) program, aiming to stimulate

private-sector growth and strengthen

national supply chains. Key beneficiaries

include NMDC Energy, Target

Engineering, and Robt. Stone. Over

the next five years, ADNOC plans to

inject an additional AED 200 billion

($54.5 billion) into the UAE economy

through the ICV program and aims to

locally manufacture AED 90 billion

($24.5 billion) worth of products by

2030. To facilitate access to its procurement

opportunities, ADNOC has

launched the “Make it with ADNOC”

mobile app, providing suppliers and

entrepreneurs with insights into the

company’s purchasing needs.

Emirates Strengthens Ties With Air China

Emirates and Air China have reinforced

their strategic partnership

by signing a Memorandum of

Understanding (MoU) to boost connectivity

between the UAE and mainland

China. Under this agreement, Emirates

will increase its weekly flights to China

to 49, featuring double daily services to

Beijing and Shanghai, alongside daily

flights to Guangzhou, Shenzhen, and

Hangzhou. This enhanced network aims

Masdar is in advanced discussions

to develop grid-scale

energy storage projects in

Italy, marking the UAE’s latest push

into Europe’s renewable energy sector.

The initiative aligns with Italy’s

decarbonisation goals and growing

demand for grid stabilisation amid rising

renewable energy adoption. Masdar’s

entry into the Italian market would

leverage its expertise in clean energy

and support the EU’s broader energy

transition efforts. While still at the

to provide greater convenience and

flexibility for travellers and businesses

operating between the two regions.

The MoU also includes reciprocal

codeshare agreements, allowing both

airlines to offer seamless travel options

and expand their reach across each

other’s networks. Furthermore, the

collaboration seeks to optimise cargo

operations and integrate frequent flyer

programmes.

Masdar Eyes Energy Storage Projects in Italy

negotiation stage, the potential projects

are expected to focus on lithium-ion

storage systems, aiding in balancing

supply fluctuations from solar and wind

sources. The move reinforces the UAE’s

strategic vision of global clean energy

leadership and comes amid increasing

Emirati investment in sustainable

infrastructure across Europe. It also

follows Masdar’s broader expansion

plans, including recent ventures in

the UK and Central Asia, positioning

the firm as a key global energy player.


ADNOC Seeks EU Nod for Covestro Acquisition

ADNOC is pursuing regulatory

approval from the European Commission

for its proposed USD

12B acquisition of German chemicals

giant Covestro. The deal, if approved,

would mark one of the UAE’s largest

cross-border industrial investments

and significantly enhance ADNOC’s

downstream portfolio. Covestro, a key

supplier of high-tech polymer materials,

is central to ADNOC’s strategy of

diversifying beyond oil into sustainable

chemicals. The acquisition is under the

EU’s merger scrutiny process, with a

decision expected in the coming months.

This potential transaction underscores

ADNOC’s ambition to expand its global

footprint and secure technological

know-how in the fast-evolving materials

industry. It also aligns with the

UAE’s broader economic diversification

goals under Vision 2030, reinforcing

the country’s shift towards industrial

growth and innovation-led investment

beyond hydrocarbons.

SHUAA Capital

Swings to Profit After

Restructure

Dubai’s Shuaa Capital reported

a AED 5 million profit for Q1

2024, reversing a AED 14 million

loss in the prior quarter. The turnaround

comes on the heels of a robust

restructuring strategy, which included

debt reduction of over AED 500 million

and renewed focus on core investment

banking and asset management activities.

The company resumed trading

on the Dubai Financial Market after

submitting overdue financials, signalling

improved operational stability and

regulatory compliance. Additionally,

Shuaa announced plans to raise AED

367 million via mandatory convertible

bonds, reinforcing its capital structure

and funding its long-term growth

strategy. The results indicate growing

investor confidence and a positive

outlook for the firm’s future. The restructuring

marks a pivotal moment in

Shuaa’s transformation agenda, aimed

at enhancing shareholder value and

operational efficiency in a competitive

financial landscape.

UAE and Italy Unite to Build AI Supercomputer

The UAE has partnered with Italian

startup iGenius to develop Europe’s

most powerful AI supercomputer,

marking a major step in cross-border

technological collaboration. Spearheaded

by Abu Dhabi-based G42, the initiative

will see the creation of a high-performance

computing hub in Italy’s Apulia

region, aimed at supporting advanced

AI research and commercial applications.

This strategic move reinforces

the UAE’s growing influence in global

AI development and strengthens its ties

Emirates Airlines is in discussions

with Elon Musk’s SpaceX to enhance

its in-flight connectivity using

the Starlink satellite network. If finalised,

the deal would introduce high-speed,

low-latency internet across Emirates’

global fleet, significantly improving the

passenger experience. Starlink, known

for its advanced low-earth orbit satellite

technology, offers a competitive edge

over traditional satellite internet systems.

Emirates is evaluating the potential for

integration, focusing on technical feasibility

and service consistency across

international air routes. The move signals

the airline’s intent to stay ahead in digital

innovation and cater to evolving traveller

expectations. As global aviation shifts

with European technology ecosystems.

The project forms part of broader ambitions

to expand AI capabilities beyond

regional borders, aligning with the UAE’s

national AI strategy and ongoing investments

in infrastructure. With G42 taking

the lead on financing, the collaboration

also reflects the UAE’s commitment to

driving innovation through international

cooperation and state-backed funding,

setting a new benchmark for global AI

partnerships.

Emirates, SpaceX Discuss In-Flight Wi-Fi Deal

towards more tech-enabled services, partnerships

like this are poised to redefine

the future of in-flight connectivity. The

talks also reflect growing UAE–US tech

collaboration, particularly in aerospace

and telecommunications innovation.


Banking


Simplifying the UAE business payments with secure and efficient corporate prepaid card solutions.

Corporate

Prepaid Cards:

Streamlining

Business Payments

Corporate Prepaid Cards in the UAE Offer

Secure, Transparent, and Efficient Solutions

for Business Payments.

Corporate prepaid cards are transforming

business payments in the UAE by offering

secure, efficient, and transparent financial

management solutions. As companies increasingly

seek alternatives to traditional

payment methods, prepaid cards provide

greater control over expenses, reduce

administrative burdens, and enhance

cash flow management. Backed by regulatory

support and financial innovations,

major collaborations like the Al Etihad

Payments and Mastercard partnership

are driving this shift. With the UAE’s

commitment to digital transformation,

corporate prepaid cards are becoming

a vital tool for businesses to optimise

operations. This article explores how

these cards are streamlining payments,

and enhancing financial transparency.


Corporate prepaid cards empower

businesses in the UAE with precise

financial oversight. Unlike

traditional credit cards, prepaid cards

require funds to be loaded in advance,

allowing companies to allocate specific

budgets to departments or employees.

This pre-loading mechanism ensures

that spending aligns with corporate

policies, reducing the risk of overspending

and unauthorised transactions.

For instance, a marketing team can

be allocated a set budget for a campaign,

ensuring expenditures remain

within approved limits. Such financial

control is crucial in maintaining fiscal

discipline and achieving organisational

financial goals.

Streamlined Expense Management

The integration of corporate prepaid

cards simplifies expense tracking and

reporting. Transactions made with

these cards are automatically recorded,

providing real-time data that can be

easily monitored and analysed. This

automation eliminates the need for

manual expense reports, reducing administrative

workload and the potential

for human error. According to a report

by Alaan, this shift is particularly evident

in the widespread acceptance of

card payments throughout the country.

Consequently, businesses can allocate

resources more efficiently, focusing

on strategic initiatives rather than

administrative tasks.

Strengthening Security and Supporting

Digital Transformation

Corporate prepaid cards provide robust

security features, including spending

limits, restricted usage, and immediate

deactivation if compromised. These

safeguards reduce fraud risks and protect

company funds, ensuring secure

financial management. Additionally,

their adoption supports the UAE’s

digital transformation goals. Initiatives

like the collaboration between

Al Etihad Payments and Mastercard

to introduce Jaywan co-badged cards

exemplify this commitment. These

cards facilitate seamless and secure

digital transactions, enhancing business

efficiency. By embracing such innovations,

companies align with the UAE’s

vision of a cashless economy, driving

the nation’s financial sector towards

greater resilience and technological

advancement.

Cost-Effective Financial Solutions

Implementing corporate prepaid cards

can lead to significant cost savings

for businesses. Traditional payment

methods often involve fees, interest

charges, and complex reconciliation

processes. In contrast, prepaid cards

typically have lower fees and streamline

the reconciliation process through automated

tracking. According to a report

by Business Wire, the prepaid card

market in the UAE is expected to grow

by 15.8% annually, reaching US$6,088.4

million in 2021. This growth indicates

a shift towards more cost-effective

payment solutions, allowing businesses

to allocate financial resources more

efficiently.

Promoting Financial Inclusion

Corporate prepaid cards also play a

role in promoting financial inclusion

within organisations. They provide a

means for unbanked or underbanked

employees to participate in cashless

transactions, ensuring all staff members

can engage in the company’s financial

ecosystem. This inclusivity enhances

employee satisfaction and productivity,

as all team members have access

to the necessary tools for their roles.

For instance, temporary or contract

workers can be issued prepaid cards

for expenses, simplifying payment processes

and fostering a more inclusive

workplace.

Adaptability to Business Needs

The flexibility of corporate prepaid

cards allows them to be tailored to various

business requirements. Companies

can issue cards for specific purposes,

such as travel expenses, procurement,

or employee incentives. This adaptability

ensures that the payment solutions

align with the unique operational needs

of each organisation. For example, a

company can issue prepaid cards to

sales teams for travel and entertainment

expenses, with predefined limits and

merchant categories. This targeted

approach enhances operational efficiency

and ensures compliance with

corporate policies.

Integration with Financial Systems

Modern corporate prepaid cards are

designed to integrate seamlessly with

existing financial systems. This compatibility

ensures that transaction data

flows directly into accounting software,

The Mastercard

collaboration not only

enhances the payment

experience but also

supports the UAE’s

broader economic growth

and digital transformation

goals.”

H.E. Saif Humaid Aldhaheri, the CBUAE’s

Assistant Governor for Banking Operations

and Support Services, Chairman of Al

Etihad Payments in the UAE

facilitating real-time financial analysis

and reporting. Such integration reduces

the likelihood of errors and provides

management with accurate financial

insights. For instance, Emirates NBD

offers Visa Corporate Cards that allow

employers to keep track of spending

and ensure policy compliance and

savings. This seamless integration

supports informed decision-making

and strategic financial planning.

Empowering SMEs and Startups

Small and medium-sized enterprises

(SMEs) and startups in the UAE can

particularly benefit from corporate

prepaid cards. These businesses often

face challenges in accessing traditional

credit facilities due to limited credit

histories. Prepaid cards provide an

alternative that does not require credit

approval, enabling these enterprises to

manage expenses effectively.


Banking News

CBD Signs Three Strategic

MoUs at Dubai

FinTech Summit

At the Dubai FinTech Summit

2024, Commercial Bank of

Dubai (CBD) signed three strategic

Memoranda of Understanding

(MoUs), reinforcing its commitment to

digital innovation and customer-centric

banking. These partnerships,

formalised in the presence of DIFC

Authority CEO Arif Amiri and CBD

CEO Dr. Bernd van Linder, align with

Dubai’s D33 Agenda to position the

city among the top four global financial

hubs by 2033. CBD, the first bank

to establish a Digital Lab at the DIFC

Innovation Hub, continues to lead

in fintech advancements, including

initiatives like the Buy Now Pay Later

(BNPL) solution by Postpay. Dr. van

Linder emphasised the bank’s dedication

to providing innovative solutions

that meet customer needs, stating,

“Our participation in this event aligns

with our commitment to innovation

and our vision to be at the forefront

of the FinTech revolution.”

UAE Achieves 94% Personal Bank Account Ownership

A

recent YouGov survey commissioned

by Daleel reveals

that 94% of UAE residents now

hold personal bank accounts, a significant

increase from 85% in 2021. This

growth positions the UAE alongside

the United States among the most

banked nations globally. The surge

aligns with national initiatives like

the ‘We the UAE 2031’ vision and the

UAE Digital Economy Strategy, aiming

to enhance financial inclusion and

digital transformation. Daleel CEO

PK Shrivastava highlighted the importance

of this development, stating that

more residents have access to banking

services than ever before. Despite this

progress, Shrivastava noted opportunities

remain for more personalised

financial products.

Emirates Development Bank Explores Industrial

Growth with Key Partners

Emirates Development Bank

(EDB), the UAE’s key financial

engine for economic diversification

and industrial transformation,

concluded the latest edition of its

flagship forum, EDB Connect, in

Abu Dhabi, which brought together

public and private sector leaders to

explore the future of mission-critical

industries and the role of innovation,

policy, and financing in building a resilient,

self-sufficient economy. Held

under the theme of “Strengthening

Mission-Critical Manufacturing: Building

a Resilient and Sustainable UAE”,

the latest edition of the event series,

the second to be held in Abu Dhabi,

marked a critical milestone in the

national lead-up to the UAE’s flagship

industrial event Make it in the

Emirates, which will be held later this

month. Organised in close collaboration

with the ‘Make it in the Emirates’

initiative by the Ministry of Industry

and Advanced Technology (MoIAT).

Dubai Finance and DIFC Forge Alliance to Advance Cashless Economy

On May 16, 2025, Dubai’s Department

of Finance and the

Dubai International Financial

Centre (DIFC) announced a strategic

partnership to accelerate the emirate’s

transition to a cashless economy. This

collaboration supports the Dubai

Cashless Strategy, which aims for 90%

of all government and private sector

transactions to be digital by 2026. The

initiative is expected to boost economic

growth by over AED 8 billion

annually through the development of

innovative financial technology services

and the accelerated growth of

Dubai’s fintech sector. DIFC, as the

region’s leading financial innovation

ecosystem, will play a pivotal role in

fostering fintech innovation and digital

payment solutions. This partnership

underscores Dubai’s commitment to

becoming a global leader in the digital

economy, aligning with the objectives

of the Dubai Economic Agenda (D33)

and Digital Dubai’s goal of digitalising

life in the emirate.


ADCB Reports 20% Surge in Q1 2025 Pre-Tax Profit to AED 2.9 Billion

Abu Dhabi Commercial Bank

(ADCB) reported a 20% year-onyear

increase in pre-tax profit for

the first quarter of 2025, reaching AED

2.907 billion. Net profit after tax rose

to AED 2.446 billion. This performance

was driven by a 3% rise in net interest

income to AED 3.394 billion and a 26%

surge in non-interest income to AED 1.619

billion, reflecting strong diversification in

revenue streams. Total operating income

increased by 9% to AED 5.013 billion. The

bank’s balance sheet remained robust,

with total assets growing 14% year-on-year

to AED 680 billion. Net loans expanded

by 13% to AED 359 billion, and customer

deposits increased by 15% to AED 442

billion, supported by strong inflows into

current and savings accounts. These

results mark ADCB’s 15th consecutive

quarter of profit growth, underscoring

its solid market position and strategic

focus on sustainable expansion.

UAE Aims to Double Islamic

Bank Assets to AED 2.56

Trillion by 2031

The UAE has launched an ambitious

strategy to more than double its

Islamic banking assets from AED

986 billion to AED 2.56 trillion by 2031,

reinforcing its position as a global leader

in Shariah-compliant finance. Unveiled

during the Islamic Finance Future Lab,

the plan also targets increasing local

sukuk issuances to AED 660 billion and

international sukuk listings in the UAE to

AED 395 billion. A committee chaired by

the Central Bank Governor will oversee

the strategy’s implementation, focusing on

enhancing Shariah governance, fostering

fintech innovation, and expanding halal

exports. This initiative aligns with the

UAE’s broader economic diversification

goals and its ‘We the UAE 2031’ vision,

aiming to attract foreign investment and

promote ethical finance. With Islamic

finance assets projected to exceed $4

trillion globally by 2026, the UAE’s

proactive approach positions it to capture

a significant share of this growth.

Arab Bank Group Posts 7% Rise in Q1 2025 Profit

to $271 Million

Arab Bank Group reported a 7%

year-on-year increase in net

income after tax for the first

quarter of 2025, reaching $271 million,

up from $252.8 million in Q1 2024. The

bank’s total assets grew by 6% to $72.7

billion, while loans expanded by 5% to

$39.1 billion and customer deposits

rose by 7% to $53.2 billion. Chairman

Sabih Masri attributed this robust

performance to the bank’s diversified

business model and strong regional

presence, particularly in the GCC.

CEO Randa Sadik highlighted a 4%

revenue growth driven by sustainable

business expansion and emphasised

Emirates NBD has launched a pilot

programme for an advanced

AI-driven compliance solution

aimed at transforming cross-border

payment processing by enhancing

security, speed, and regulatory efficiency.

Developed in collaboration

with UK-based RegTech firm Global

Screening Services (GSS), the platform

uses network-based sanctions screening

to identify risks in real-time, significantly

reduce false positives, and

the bank’s solid liquidity and asset

quality, with a loan-to-deposit ratio of

74% and credit provisions exceeding

100% of non-performing loans. The

bank also maintained a capital adequacy

ratio of 17.2%, underscoring

its financial resilience amidst global

economic challenges.

Emirates NBD Pilots AI-Powered Compliance

Platform to Boost Efficiency

ensure compliance with international

regulatory frameworks, including ISO

20022. The pilot is part of a wider

global initiative involving more than

30 financial institutions committed to

modernising payment infrastructure.

Emirates NBD is also evaluating a

strategic investment in GSS through

its AED 100 million Innovation Fund,

which supports fintech innovation and

digital transformation.


Glossary

glossary of

A-ZAI-related terms

This curated A to Z glossary breaks down essential AI concepts, tools,

and technologies into clear, concise definitions. Whether you’re overseeing

digital transformation or evaluating AI investments, this guide is your

executive-level decoder for the new era of intelligent business.

A

for Algorithm

A defined set of

rules or instructions

that guide AI systems to

process data and solve

specific problems.

B

for Big Data

Extensive volumes

of structured and

unstructured data used to

train and enhance AI models

for strategic decision-making.

Cfor Chatbot

An AI-powered virtual

assistant designed to

simulate human interaction,

often used in customer service

and client engagement.

D

for Deep Learning

A sophisticated subset

of machine learning

involving neural networks

with multiple layers, capable

of recognizing complex

patterns in large datasets.

E

for Edge AI

Artificial intelligence

that processes data

locally on devices, enabling

faster decision-making

and reducing reliance on

cloud infrastructure.

F

for Forecasting

The application of

AI to predict future

business, financial, or

economic outcomes based on

historical data and patterns.

G

for Generative AI

A class of AI

models that can

autonomously create content

such as text, images, code,

or financial reports.

H

for Hyperautomation

The use of advanced

technologies,

including AI, to automate and

streamline complex business

processes end-to-end.

I

for Intelligent

Automation

The integration of

AI with automation tools

to enhance operational

efficiency, reduce costs, and

improve decision accuracy.

J

for Just-in-Time

Learning

AI-enabled delivery of

concise, relevant training

content at the moment it is

needed, supporting workforce

agility and upskilling.

K

for Knowledge Graph

A network-based

representation of data

relationships, used by AI to

derive insights and improve

enterprise search and analysis.

L

for Large Language

Model (LLM)

An AI model trained

on extensive text datasets,

enabling it to comprehend,

generate, and summarize

human language at scale.


M

for Machine

Learning

A core branch of AI

where systems learn from

historical data to make accurate

predictions or decisions

without explicit programming.

N

for Natural Language

Processing (NLP)

The capability of

AI systems to understand,

interpret, and generate human

language in a meaningful way,

used in sentiment analysis and

document summarization.

O

for Optimization

AI-driven

improvement of

business outcomes such as

resource allocation, pricing

strategies, or logistics,

through data modeling.

P

for Predictive

Analytics

The use of AI to analyze

historical and current data

in order to anticipate future

trends, risks, and opportunities.

Q

for Quantitative AI

AI applications in

quantitative finance,

including algorithmic trading,

portfolio optimization, and

risk assessment models.

R

for Robotic Process

Automation (RPA)

Software automation

that mimics repetitive human

tasks, often integrated with AI

for functions such as compliance

checks and data entry.

S

for Sentiment

Analysis

An AI technique that

interprets the emotional tone

of written or spoken content,

providing insights into market

or consumer sentiment.

T

for Tokenization

Tokenization refers

to converting a

real-world asset (like real

estate, art, stocks, or even

fiat currency) into a digital

token on a blockchain.

U

for Unstructured Data

Non-tabular information

such as emails, reports,

audio, or social media posts

analyzed by AI to extract

business intelligence.

V

for Virtual Assistant

AI-based software

designed to assist

with routine professional

tasks such as scheduling,

communication, and

workflow management.

W

for Workflow

Automation

The application of

AI to streamline and execute

business processes with

minimal human intervention.

X

for Explainable

AI (XAI)

AI systems designed

to offer transparency and

traceability in decision-making,

essential for compliance and

trust in regulated industries.

Y

for Yield Optimization

AI techniques used to enhance

return on investment in areas

such as asset allocation, advertising,

or operational performance.

Z

for Zero-shot Learning

An advanced AI capability

allowing systems to

perform tasks without prior

exposure or explicit training data.


Merger and Acquisition News

UAE Crypto Sector Poised for Consolidation and Strategic Alliances

The United Arab Emirates’ cryptocurrency

sector is set to undergo

major consolidation, with experts

predicting a rise in mergers, acquisitions,

and strategic partnerships. Driven by

transparent regulations in Abu Dhabi

and Dubai, the country is attracting

international players seeking clarity and

stability. The Virtual Assets Regulatory

Authority (VARA) expects that as the

industry matures, companies will focus

on scalability and resilience through

strategic realignments. Industry leaders

like Binance and Gate Group highlight the

importance of scale and differentiation

in this evolving space. With its robust

legal infrastructure and forward-thinking

policies, the UAE is being viewed as a

model for global crypto regulation. This

momentum positions the country as a

strategic hub for firms looking to expand

regionally and globally, reinforcing its

vision to build a dynamic, regulated, and

thriving digital asset ecosystem.

UAE Tops MENA M&A

Activity with 63 Deals

in Q1 2025

In the first quarter of 2025, the UAE

emerged as the leader in the MENA

region’s M&A activity, recording 63

deals. This surge is attributed to the

nation’s strategic reforms, investorfriendly

policies, and a focus on sectors

like technology and insurance. Notably,

the $12.4 billion acquisition of Truist

Insurance Holdings by Clayton Dubilier &

Rice, Stone Point Capital, and Mubadala

Investment stands out as the region’s

largest deal during this period. Sovereign

wealth funds, including the Abu Dhabi

Investment Authority (ADIA) and

Mubadala, played a pivotal role in driving

these transactions, aligning with national

economic diversification strategies. The

UAE’s emphasis on digital transformation

attracted significant foreign investments,

particularly from the United States and

the United Kingdom, with inbound deals

accounting for 67% of the region’s total

value. This momentum underscores the

UAE’s position as a preferred investment

destination in the MENA region.

AquaChemie Advances UAE’s Manufacturing

Vision with Acquisition

UAE-based chemical firm

AquaChemie has acquired a

global chemical company in a

move aligned with the country’s “Make

it in the Emirates” industrial strategy.

The acquisition will expand AquaChemie’s

product range, enhance its global

presence, and introduce advanced

technologies into the UAE’s manufacturing

sector. This strategic step is set

to strengthen supply chain resilience,

foster innovation, and support the

nation’s drive for economic diversification.

By integrating the newly acquired

firm’s capabilities, AquaChemie plans

to boost its operational efficiency and

contribute significantly to local industrial

growth. The acquisition underscores

the UAE’s ambition to reduce dependency

on imports and position itself as

a leading hub for advanced chemical

manufacturing. This development also

reinforces the government’s efforts to

attract global expertise and investment

into strategic industries, contributing

to the long-term sustainability of the

nation’s manufacturing ecosystem.

Emirates Stallions Expands into Saudi Arabia

Emirates Stallions Group (ESG),

a subsidiary of Abu Dhabi’s

International Holding Company,

has expanded its regional presence by

launching a new branch of its interior

design subsidiary, Decovision, in Saudi

Arabia. This strategic move aligns with

ESG’s broader vision of regional and

international growth, aiming to capitalise

on the Kingdom’s robust construction

and real estate sectors. The Saudi

branch will enable ESG to better serve

clients, contribute to landmark projects,

and support Saudi Arabia’s Vision 2030

objectives. Chairman Matar Suhail Al

Yabhouni Al Dhaheri emphasised the

importance of establishing a strong

operational presence in a market that

aligns with the company’s growth

ambitions. CEO Kayed Ali Khorma

highlighted the new branch’s role in

enhancing service delivery and value

creation across diverse markets.


Fertiglobe Acquires Wengfu Australia’s Distribution Assets

Abu Dhabi-based Fertiglobe,

the world’s largest seaborne

exporter of urea and ammonia,

has signed an agreement to acquire the

distribution assets of Wengfu Australia

Pty Ltd. This strategic move aims to

enhance Fertiglobe’s downstream reach

and strengthen its presence in the

Asia-Pacific region. Wengfu Australia

operates from five ports with eight

warehouses across South-East Australia,

distributing between 700,000 to 800,000

tonnes of fertiliser annually, with the

capacity to scale up to 1.1 million tonnes

per annum. The purchase price will

be based on the net asset value, over

90% of which is fully recoverable net

working capital, plus a premium of

approximately $8 million, with the final

amount to be determined at closing,

subject to regulatory approvals. The

transaction is expected to be earnings

per share accretive, with financing

arranged through pre-agreed trade.

ADNOC Drilling

Allocates $700M for

2025 Acquisitions

ADNOC Drilling has allocated

around $700 million for acquisitions

in 2025, reinforcing its

ambition to expand both domestically

and globally. These investments will

be driven by Enersol, a strategic joint

venture formed in 2023 with Alpha Dhabi

Holding. Enersol targets cutting-edge

energy technologies, with a strong

emphasis on artificial intelligence

and innovation. Since its launch, the

platform has already executed four

major acquisitions valued at nearly

$800 million, including a 95% stake in

US-based Deep Well Services acquired

in March. These upcoming transactions

are expected to accelerate ADNOC

Drilling’s efforts to diversify its portfolio,

enhance technological capabilities,

and consolidate its footprint in global

oilfield services. The move reflects

the UAE’s broader push to advance

its energy sector through strategic

partnerships and next-generation

investment vehicles.

Mubadala Energy Eyes Indonesian Gas Sales

Mubadala Energy is considering

selling gas from its South

Andaman block in Indonesia,

contingent upon favourable pricing. The

Abu Dhabi-based company has made

significant gas discoveries in the region,

including the Tangkulo-1 and Layaran-1

wells, indicating substantial reserves.

With an 80% working interest, Mubadala

is the largest net acreage holder in the

area. The company is exploring opportunities

to supply gas to Indonesia’s

domestic market, aligning with the

country’s energy needs and Mubadala’s

gas-focused strategy. Discussions are

ongoing with Indonesian authorities

and potential partners to assess the

viability of gas sales, considering

market conditions and infrastructure

requirements. This initiative reflects

Mubadala’s commitment to supporting

Indonesia’s energy transition and its

portfolio diversification.

Aldar and EMSTEEL Partner to Build Abu Dhabi’s

First Net-Zero Carbon Mosque

Aldar Properties has partnered

with EMSTEEL to construct

Abu Dhabi’s first net-zero carbon

mosque in Sustainable City, Yas

Island. The mosque will span 1,595

square meters, accommodating over

850 worshippers, and aims to achieve

LEED Zero Carbon certification. This

ambitious project will utilise hydrogen-based

steel rebar, making Aldar the

first developer in the region to adopt

this sustainable material. The mosque

will feature a floor area of 1,595 square

meters and will accommodate over 850

worshippers. It aims to achieve LEED

Zero Carbon certification, which signifies

that it will have net-zero carbon

emissions during its production and

energy use. This goal will be reached

through the deployment of clean energy

and the use of low-carbon materials,

including the hydrogen-based steel

produced using low-emission processes.

The collaboration underscores the

UAE’s commitment to integrating sustainability

into religious architecture,

aligning with the national Net Zero by

2050 goals.


Finance


Emerging trends reshaping global finance with innovation, technology, and the UAE’s growth.

5 Emerging

Trends That Are

Changing Global

Finance

Five Emerging Trends that are Transforming

Global Finance with Innovation and

Technology in the UAE Today.

The UAE is emerging as a key player

in transforming global finance through

innovation and technology. Key trends

include the rise of fintech, with digital

wallets projected to reach a market value

of $7.18 billion by 2028. Sustainability is

also a significant focus, as seen in the

issuance of green bonds by Dubai Electricity

and Water Authority (DEWA) to

fund renewable energy projects. Moreover,

regulatory technology (RegTech) is reshaping

the financial industry by improving

compliance efficiency. The UAE’s growing

investments in renewable energy further

contribute to its position as a leader in the

global shift towards sustainable finance.

With a forward-looking vision, the nation

continues to align economic growth with

environmental responsibility.


The United Arab Emirates (UAE)

is experiencing a swift ascent to

prominence as a global financial

leader. This advancement can be

attributed to its strategic initiatives

in financial technology, sustainable

finance, regulatory technology, and

the expansion of its banking sector.

The nation’s dedication to digital

transformation has established it as a

central figure in the realm of financial

innovation within the Middle East and

North Africa (MENA) region.

Fintech Advancements in the UAE

The UAE’s fintech sector is experiencing

significant growth, fueled by the rise

of digital payments, neobanks, and

an expanding e-commerce market.

The fintech market in the UAE is projected

to grow at a compound annual

We remain committed to

strengthening the UAE’s

position as a global

hub for investment and

financial innovation,

while ensuring financial

sustainability to

support our ambitious

development plans.”

H.H. Sheikh Maktoum bin Mohammed bin

Rashid Al Maktoum, First Deputy Ruler

of Dubai, Deputy Prime Minister and the

UAE’s Minister of Finance

growth rate (CAGR) of 15% until 2028,

highlighting the increasing adoption of

financial technologies (Finance Middle

East). Digital wallets, in particular,

are seeing widespread adoption. The

Middle East and Africa’s digital wallet

market is expected to grow at a CAGR

of 29.86% from 2023 to 2028, reaching

a market size of approximately $1.56

trillion by 2028 (Knowledge Sourcing).

The UAE has also launched key initiatives,

such as the Instant Payments

Platform, Aani, and the Domestic Card

Scheme, Jaywan, to enhance transaction

efficiency. These innovations

underscore the UAE’s commitment to

fostering a seamless and secure digital

payment ecosystem.

Sustainable Finance Initiatives

Sustainable finance has become a major

pillar of the UAE’s economic strategy.

The country has launched several

initiatives aimed at promoting environmentally

responsible investment.

One of the most notable developments

is the issuance of green bonds by the

Dubai Electricity and Water Authority

(DEWA). These bonds are designed

to attract capital for renewable energy

projects, aligning with global

sustainability goals. DEWA has also

introduced the Independent Power

Producer (IPP) model, which has

played a key role in financing clean

energy projects (DEWA).

Additionally, the UAE Sustainable

Finance Framework is guiding financial

institutions toward responsible investments.

The country is a key player in the

green bond market across the Middle

East, offering local and international

investors a sustainable avenue for portfolio

diversification. Such initiatives

are vital in supporting the UAE’s Net

Zero 2050 strategy and driving longterm

economic development.

Regulatory Technology (RegTech)

Adoption

The financial sector of the United Arab

Emirates is undergoing significant

integration of Regulatory Technology

(RegTech) aimed at optimising compliance

processes. RegTech employs

advanced technologies such as artificial

intelligence (AI), blockchain, and big

data analytics to automate various compliance

tasks, including fraud detection,

anti-money laundering (AML) checks,

and risk assessments. The utilisation of

these technologies allows financial institutions

to diminish operational costs

while improving regulatory efficiency.

In response to the evolving regulatory

landscape, the UAE Central Bank has

established frameworks that promote

the adoption of RegTech solutions,

thereby assisting businesses in meeting

changing regulatory obligations while

sustaining financial stability. As financial

institutions confront a complex

array of regulatory challenges, the

proactive approach adopted by the UAE

to RegTech is reinforcing its status as

a centre for financial innovation.

Renewable Energy Investments

and Green Financing

The UAE is leading the Middle East’s

transition toward renewable energy,

aligning its financial sector with green

investments. As part of its Net Zero

2050 commitment, the UAE is heavily

investing in solar and wind power. A

prime example is the Mohammed bin

Rashid Al Maktoum Solar Park, the

world’s largest single-site solar park

based on the IPP model. This initiative

underscores the UAE’s strategy of

attracting private-sector investment

into green energy (DEWA). Moreover,

Abu Dhabi’s state-backed Masdar

recently raised $1 billion through its

second green bond issuance, aiming

to develop 100 gigawatts of renewable

energy capacity by 2030. This move

reflects the UAE’s leadership in green

financing and its efforts to position itself

as a key player in global sustainable

investments.

Banking Sector Growth and Stability

The UAE’s banking sector has shown

remarkable resilience and expansion,

making it one of the strongest in the

region. As of Q4 2023, total banking

assets in the country increased by

3.1%, reaching AED 4,075.2 billion.

This growth is fueled by:

• Government support for financial

institutions

• Rising oil prices are boosting liquidity

• Expansion of non-oil industries

is enhancing economic

diversification

As the UAE continues to adapt to

global financial trends, its strong regulatory

environment, and technological

advancements, will ensure its leadership

in the evolving financial landscape.


Corporate Results

Air Arabia

Q1’25 Net Profit: AED 355M

Air Arabia (PJSC), the first and largest

low-cost carrier (LCC) operator in the

Middle East and North Africa, today

reported a strong first quarter of 2025

financial and operational results, as

the airline continued to expand its

network and further strengthen its

leadership position in the market. Air

Arabia reported a net profit of AED

355 million for the first three months

ending March 31, 2025; an increase

of 34% compared to AED 266 million

registered in the corresponding quarter

in 2024. In the same period, the airline

posted a turnover of AED 1.75 billion,

a 14% increase compared to the first

quarter of last year. More than 4.9 million

passengers flew with Air Arabia Group

between January and March 2025, an

increase of 11% compared to the total

number of passengers carried in the

first quarter of last year.

Abu Dhabi Islamic Bank

Q1’25 Net Profit: AED 1.7B

Abu Dhabi Islamic Bank (ADIB) delivered

a double-digit growth in net profit

for the first quarter of the year, driven by

higher lending and income from fees and

commissions. Net profit after tax for the

first three months of 2025 reached AED

1.7 billion ($462.8 million), reflecting an

18% increase over the same period last

year. Revenues for the quarter grew by

14% to AED 2.9 billion, supported by

higher income from financing activities

and non-funding income. Funded income

reached AED 1.8 billion, up by 4% from

a year ago, while non-funded income

jumped by 35% to AED 1.1 billion. The

Islamic lender’s total assets rose by a quarter

to AED 244 billion, fueled by growth

in both retail and corporate banking financing,

as well as an expansion in the

investment portfolio.

Dubai Islamic Bank


Dubai Islamic Bank (DFM: DIB) delivered

a robust financial performance

for the quarter ending 31 March 2025,

reflecting the institution’s strong fundamentals

and strategic foresight. The

Group reported a 14% year-on-year

rise in pre-tax profit, reaching AED

2.1 billion, driven by solid growth in

high-quality earning assets and operational

efficiency. Operating revenues

climbed 5% year-on-year to AED 3.15 billion,

while net profit after tax increased

by 8% to AED 1.8 billion, demonstrating

consistent profitability. Net financing

grew by nearly 5% year-to-date to AED

223 billion, contributing to the total net

financing and sukuk portfolio of AED

307 billion. These results underscore

DIB’s resilience, sound strategy, and

expanding influence in global Islamic

finance.

Arab Bank Group


Arab Bank Group posted robust results

for Q1 2025, with net income after tax

reaching AED 995 million, marking a 7%

rise from AED 927 million a year earlier.

The Group’s total assets expanded by

6% to AED 266.9 billion, with loans

increasing by 5% to AED 143.6 billion

and customer deposits growing 7% to

AED 195.5 billion. Backed by a strong

capital base of AED 44.4 billion in equity,

the bank continues to demonstrate

financial stability. Chairman Sabih Masri

attributed the solid performance to Arab

Bank’s diversified and agile business

model, supported by its broad regional

presence, particularly in the GCC.

He also emphasised the institution’s

prudent risk management, high-quality

assets and strong liquidity, which

collectively sustain its efficient and

resilient operations amid challenging

global and regional conditions.

First Abu Dhabi Bank


First Abu Dhabi Bank (FAB), the UAE’s

largest lender by market capitalisation,

reported a strong Q1 2025 net profit

of AED 5.13 billion (USD 1.39 billion),

reflecting a 23% year-on-year increase

and significantly exceeding analysts’

average estimate of AED 4.24 billion.

This robust profit growth was driven by

higher fee income and improving asset

quality, as noted by Chiradeep Ghosh,

a banking analyst at Bahrain-based

SICO Bank. Earnings per share rose

to AED 0.44 compared to AED 0.35 in

the same period last year. Operating

income increased 11% to AED 8.81 billion,

effectively mitigating the impact

of the recent rise in UAE corporate tax,

according to FAB’s Group CFO Lars

Kramer. Net interest income grew by

3% to AED 5 billion, while non-interest

income climbed 22% to AED 3.8 billion.

Loans and deposits expanded by 8% and

4% respectively year-on-year.

AD Ports Group


The UAE’s AD Ports Group reported

a net profit attributable to its owners

of AED 348 million ($95 million) for

the first quarter of 2025, marking an

11% increase compared to the same

period last year. The company’s revenue

rose by 18%, reaching AED 4.60

billion, reflecting strong operational

performance and growing demand

across its ports and logistics services.

Meanwhile, capital expenditure decreased

significantly by 25% to AED

954 million for the quarter, indicating a

more efficient allocation of resources

and cost management. This positive

financial performance highlights AD

Ports Group’s resilience and strategic

focus on sustainable growth amid

evolving market conditions. The results

underscore the company’s commitment

to enhancing shareholder value while

supporting the UAE’s broader economic

diversification and trade ambitions.


ADNOC Gas


The UAE’s ADNOC Gas plc, a subsidiary

of the state-owned Abu Dhabi National

Oil Company, reported a strong financial

performance for the first quarter of 2025,

posting a net profit of $1.27 billion. This

represents a 7% increase compared to the

same period last year, driven primarily

by growth in domestic operations within

the UAE as well as a rise in processed gas

volumes. The net profit surpassed analysts’

consensus estimate of $1.11 billion,

according to data from LSEG, reflecting

the company’s ability to outperform

market expectations. Revenues for the

quarter reached $6.1 billion, marking a

1% year-on-year increase despite challenging

global energy market conditions.

Capital expenditure for Q1 2025 stood at

$555 million, and ADNOC Gas reaffirmed

its full-year capital spending of $3 billion.

RAK Properties


RAK Properties announced its financial

results for the first quarter of 2025,

marking a robust start to a landmark

year as the company celebrates 20 years

of growth driven by delivery, discipline,

and destination-making. The company

reported revenue of AED 370 million for

Q1 2025, representing a 28% increase

compared to the same period in 2024.

This growth was largely supported by

ongoing progress in multiple residential

developments and strong demand for

new project launches. Profit before

tax rose to AED 74 million, up 64%

year-on-year, while EBITDA reached

AED 107 million, highlighting enhanced

margins and operational efficiency.

RAK Properties sustained a strong

financial position, with total assets of

AED 8.15 billion and equity increasing

to AED 5.59 billion. By 31 March 2025,

the development backlog stood at AED

2.33 billion, providing solid visibility

into future revenue streams.

Etihad Airways


Etihad Airways has reported a profit

of AED 685 million ($186.5 million)

for the first quarter of 2025, up 30%

year-on-year, driven by strong demand

and efficiency gains. Robust passenger

and cargo business saw the airline’s

total revenue see a 15% uptick to AED

6.6 billion compared to the AED 987

million earned in Q1 2024, Etihad said.

Passenger numbers rose 16% yearon-year

to 5 million, with passenger

revenue climbing to AED 5.5 billion.

Etihad, which is speculated to announce

a decision regarding its IPO later this

year, is currently in the midst of a

fleet expansion drive as part of its $7

billion investment plan to double the

size of its fleet by 2030. According to

its CEO, Antonoaldo Neves, Etihad is

expecting a growth between 15% to

20%, with plans to have 100 planes in

its fleet very soon.

Aldar Properties


Aldar Properties posted a 33% year-onyear

rise in profit before tax, reaching

AED 2.2 billion (USD 599 million) in Q1

2025, while net profit after tax grew 22%

to AED 1.9 billion. Chairman Mohamed

Khalifa Al Mubarak attributed this

performance to the company’s robust,

diversified business model and its clear

strategy focused on sustainable longterm

value. He emphasised the UAE’s

supportive environment, which encourages

stability, economic diversification,

and strategic investment in key sectors.

Al Mubarak also highlighted Aldar’s

strong positioning to sustain growth,

efficiently deploy capital, and reinforce

its contribution to the UAE’s economic

development. Notably, the company’s

development revenue backlog hit a

record AED 55.7 billion, underlining

the strength of future earnings. These

results reflect Aldar’s agility and its

alignment with national priorities for

economic resilience.

Emaar Properties


Emaar Properties carried forward

its momentum from last year into Q1

of this year and delivered a strong

performance, continuing to redefine

industry benchmarks and drive sustainable

growth across its diversified

portfolio. Emaar recorded a revenue

of AED10.1 billion ($2.8 billion) in Q1

2025, a 50% increase compared to the

same period in 2024. The company

reported an EBITDA of AED5.4 billion

($1.5 billion), up 24% from the same

period last year, with a healthy margin

exceeding 53%. Net profit before tax

also rose by 27% to AED5.4 billion ($1.5

billion) compared to Q1 2024. Emaar

achieved property sales of ~AED19.3

billion ($5.3 billion), an increase of 42%

over Q1 2024 sales of ~AED13.5 billion.

Abu Dhabi Commercial Bank

(ADCB)


Abu Dhabi Commercial Bank (ADCB)

reported a robust 20% year-on-year

increase in profit before tax, reaching

AED 2.907 billion for Q1 2025. Net profit

after tax also grew, standing at AED

2.446 billion. The bank’s net interest

income rose 3% to AED 3.394 billion,

while non-interest income surged 26%

to AED 1.619 billion. Operating income

increased 9% year on year, totalling

AED 5.013 billion. ADCB’s total assets

expanded by 14% to AED 680 billion,

supported by a 13% rise in net loans

to AED 359 billion. Customer deposits

grew 15% to AED 442 billion, bolstered

by strong inflows into current and

savings accounts (CASA), which now

represent 45% of total deposits. This

performance underscores ADCB’s solid

growth and resilience in a competitive

banking landscape.


Economy


Small businesses in the UAE utilise digital platforms and tools to optimise operations.

Enhancing

Support for Small

Businesses in the

Digital Economy

Empowering Small Businesses with

Digital Tools and Government Support for

Sustainable Growth in the UAE.

In today’s digital transformation era, small

businesses are presented with remarkable

opportunities to innovate, grow, and expand

their market reach. The digital economy,

which includes online transactions,

cloud computing, and digital platforms,

has reshaped business operations, offering

small enterprises access to tools once

reserved for larger companies. Despite

these advancements, small businesses

still face significant challenges, such as

navigating complex technology solutions

and ensuring their teams possess the necessary

skills to fully utilise digital platforms.

Addressing these challenges and

enhancing support for small businesses

is crucial to their success, ensuring they

not only thrive but also contribute substantially

to economic growth.


Small businesses are increasingly

turning to digital tools to

streamline operations, improve

customer engagement, and scale their

operations. Platforms such as social

media, e-commerce, and digital payment

systems have enabled these businesses

to expand their reach beyond local

borders. Furthermore, the rise of

cloud-based software has reduced the

need for expensive infrastructure and

allowed small enterprises to access

enterprise-level solutions at a fraction

of the cost.

However, despite these advancements,

many small businesses struggle

with adoption. The complexity of integrating

new technologies into existing

workflows, coupled with concerns over

cybersecurity and data protection, can

create barriers. For small businesses,

the lack of digital literacy can further

limit the potential of these tools. Training

and education on using digital tools

effectively are essential components

for enhancing their uptake.

Government Support and Policies

Governments play a pivotal role in

creating an environment that nurtures

small businesses, particularly in the

digital space. In the UAE, for example,

the government has introduced various

initiatives to support digital adoption

among small businesses. The Digital

Economy Strategy, launched in 2020,

aims to accelerate the transformation

of traditional sectors by fostering digital

innovation and enhancing support

mechanisms for small businesses. This

initiative includes offering incentives

such as grants, tax exemptions, and

subsidies for businesses that adopt

new technologies.

Furthermore, public-private partnerships

have been crucial in providing

small businesses with the necessary

infrastructure and tools to thrive. The

provision of affordable internet access

and access to digital marketing platforms

are just a few examples of how

governments can step in to level the

playing field. Additionally, creating regulatory

frameworks that foster digital

innovation while ensuring consumer

protection is vital in helping businesses

grow securely and sustainably.

Access to Funding and Financial

Assistance

One of the most significant challenges

Supporting small

businesses in their digital

transformation is a priority

for the UAE government,

as they are key drivers

of economic growth and

innovation.”

H.E. Dr. Mohamed Al Shorafa,

Chairman of the Department of Economic

Development, Abu Dhabi

that small businesses face in the digital

economy is access to funding.

Traditional financial institutions often

hesitate to lend to small businesses,

especially those in the early stages or

without a proven digital track record.

This gap in funding is compounded

by the financial strain caused by the

rapid need for digital infrastructure

investment. For small businesses

seeking to transition into the digital

economy, capital is crucial to adopting

the necessary tools and technologies.

Governments and financial institutions

are increasingly recognising this

gap and are providing targeted financial

support. In the UAE, several government-backed

financial programmes

aim to provide small businesses with

low-interest loans, grants, and other

financial assistance tailored to help

them digitise. Moreover, the rise of

alternative financing solutions, such

as crowdfunding and venture capital,

has also given small businesses greater

access to the funding they need to

implement innovative digital solutions.

Collaboration and Networking

Opportunities

In addition to funding and technology

access, small businesses need networking

and collaboration opportunities

to thrive in the digital economy. Collaboration

with larger organisations,

government entities, and other small

businesses can provide valuable insights,

mentorship, and partnerships

that help small enterprises navigate the

complexities of digital transformation.

Networking platforms and industry-specific

hubs have proven to be effective

in connecting small businesses with

resources and potential collaborators.

These spaces often serve as a platform

for idea exchange, innovation, and the

sharing of best practices, particularly

in a rapidly evolving digital landscape.

In the UAE, initiatives like the Dubai

SME and the Abu Dhabi Business Hub

have provided avenues for small businesses

to access mentoring, business

development support, and potential

investment opportunities.

Promoting Digital Literacy and

Skills Development

The successful transition to a digital

economy requires not just the adoption

of tools but also the development of

skills and expertise. Many small businesses

face a skills gap, with their

teams lacking the necessary digital

literacy to make the most of emerging

technologies. This gap can hinder productivity,

limit growth opportunities,

and impact overall competitiveness in

the digital marketplace.

To address this, governments and

educational institutions have stepped

up their efforts to provide training and

upskilling programmes tailored to the

needs of small business owners and

employees. These initiatives help to

build digital literacy, promote entrepreneurial

thinking, and empower small

businesses to embrace new technologies.

For instance, programmes that

teach coding, data analytics, digital

marketing, and cybersecurity can significantly

enhance a small business’s

capacity to compete in the global digital

economy. Governments, and private

sector partners have a crucial role to

play in providing the infrastructure,

needed to help these businesses thrive.


Global News

VUZ Secures $12M Investment from IFC

UAE-based immersive media

platform VUZ has secured a $12

million investment from the International

Finance Corporation (IFC),

a member of the World Bank Group.

This funding will support VUZ’s global

expansion, content innovation, and

enhanced development of its extended

reality (XR) experiences. By leveraging

IFC’s capital and advisory support,

VUZ aims to scale its operations in key

international markets and strengthen its

proprietary technology. The investment

also highlights confidence in immersive

media’s transformative potential across

entertainment, education, and digital

communication. VUZ plans to increase

its user base and collaborate with content

creators and brands to accelerate

XR adoption. The partnership reflects

the UAE’s push for digital innovation

and reinforces its stature as a regional

leader in advanced technology and

media ecosystems.

UAE Launches ‘Startup Global Exchange

Program’ to Accelerate Cross-Border Innovation

The UAE’s Ministry of Industry and

Advanced Technology (MoIAT)

has introduced the Startup Global

Exchange Program 2025, aiming to

connect UAE-based and international

startups with new markets, mentors,

incubators, and investors. Announced

at the Make it in the Emirates 2025

forum, this initiative seeks to foster

cross-border collaboration and innovation.

By facilitating access to diverse

resources and networks, the program

intends to accelerate the growth of

participating startups and enhance

their global competitiveness. This

move aligns with the UAE’s broader

strategy to position itself as a global

hub for innovation and entrepreneurship,

leveraging its strategic location

and robust infrastructure to attract and

nurture talent from around the world.

The program underscores the nation’s

commitment to fostering a dynamic and

inclusive startup ecosystem that drives

sustainable economic development.

Lunate and Brookfield

Form $1B Residential

JV

Abu Dhabi-based investment firm

Lunate and global asset manager

Brookfield have announced

a $1 billion joint venture to develop

residential projects in the UAE. This

partnership aims to address the growing

demand for high-quality housing

in the region, leveraging Brookfield’s

real estate expertise and Lunate’s

local market knowledge. The venture

will focus on creating sustainable and

community-centric developments,

aligning with the UAE’s vision for urban

growth and economic diversification.

The collaboration will also introduce

international design and construction

standards to elevate the local housing

market.

Space42 to Manufacture Earth Observation Satellites

Abu Dhabi’s Space42 is set to

commence the manufacturing

of Earth observation satellites,

marking a significant milestone in the

UAE’s growing space ecosystem. The

initiative aims to enhance national

capabilities in satellite technology and

geospatial data collection, supporting

critical sectors such as agriculture,

environmental monitoring, national

security, and urban development.

By developing indigenous satellite

production infrastructure, Space42

seeks to reduce dependency on foreign

technology while nurturing a skilled

domestic talent base. This step is

expected to stimulate research, innovation,

and STEM education within

the UAE. The move aligns with the

country’s broader ambition to lead in

regional space exploration and technology,

positioning Abu Dhabi as a hub

for aerospace advancement. It also

complements national sustainability

and climate monitoring objectives

through improved Earth data analytics.


EGA to Build $4B

Aluminium Plant in

Oklahoma

Emirates Global Aluminium (EGA),

the UAE’s flagship industrial

company outside the oil sector,

will invest USD 4 billion to develop a

large-scale aluminium smelting plant in

northeast Oklahoma. This project, the

first aluminium smelter built in the US

in over four decades, underscores the

UAE’s increasing industrial footprint in

global markets. Situated on a 350-acre

site at the Port of Inola near Tulsa,

the plant will have an annual capacity

of 600,000 tonnes and is expected to

generate 1,000 direct and 1,800 indirect

jobs. The venture, praised by former

US President Donald Trump, is subject

to legislative approval of a substantial

incentive package, including USD

275 million in state funding and tax

exemptions.

ROX Motor Unveils Global Vision at MIITE 2025

ROX Motor, officially launched its

new global vision, “Empowered

By Nature, Expanding Globally,”

at the Make it in the Emirates (MIITE)

2025 forum held at ADNEC in Abu

Dhabi. This vision reflects ROX Motor’s

long-term strategy to shape the

next-generation automotive industry

by integrating nature-inspired design

with cutting-edge electric vehicle (EV)

technology. The company aims to expand

its global footprint by leveraging

sustainable practices and innovative

engineering. By participating in MIITE

2025, ROX Motor underscores its commitment

to the UAE’s industrial growth

and its ambition to contribute to the

nation’s vision of becoming a global

hub for advanced manufacturing and

sustainable technology. The launch

aligns with the UAE’s broader goals

of fostering innovation, sustainability,

and economic diversification in the

automotive sector.

ADIO and Schneider Electric Partner to

Accelerate Sustainable Industrial Innovation

ICD Reports $14.5B Net

Profit for FY 2024

The Investment Corporation of

Dubai (ICD), the emirate’s sovereign

wealth fund, reported

a net profit of $14.5 billion for the

fiscal year 2024, marking a significant

increase from the previous year. This

robust performance is attributed to

strong growth across various sectors,

including transportation, banking, hospitality,

and financial services. ICD’s

diversified global investment approach

has allowed it to mitigate risks and

capitalise on emerging opportunities.

The fund’s total assets also rose, reflecting

sound governance, disciplined

strategy, and Dubai’s overall economic

stability. This financial achievement

underscores ICD’s role in driving the

emirate’s economic diversification

and supports its ongoing investment

in strategic and high-impact sectors.

The results reaffirm Dubai’s competitive

position as a regional economic hub

with sustained momentum.

The Abu Dhabi Investment Office

(ADIO) has announced a strategic

partnership with Schneider

Electric to advance Abu Dhabi’s industrial

and sustainability priorities.

Announced during the “Make it in the

Emirates” forum 2025, the partnership

supports Abu Dhabi’s push to lead the

advancement of digital transformation

and energy efficiency in the industrial

sector. It also aligns with the UAE’s

Net Zero by 2050 strategic initiative

and the Abu Dhabi Industrial Strategy,

which aims to more than double the

size of the emirate’s manufacturing

sector to AED172 billion by 2031. The

collaboration will focus on enhancing

energy efficiency, promoting sustainable

practices, and integrating advanced

technologies across various industries.

Tawazun Council and Airbus Expand Partnership

to Manufacture C295 Fuel Tanks

During the Make it in the Emirates

2025 forum, Tawazun

Council and Airbus announced

the strengthening of their strategic

partnership through the launch of

a national industrial capability development

programme in the aerospace

sector. This initiative aims

to manufacture and supply Cargo

Compartment Removable Fuel Tanks

(CCRFT) for Airbus’ C295 military

transport aircraft within the UAE.

The collaboration underscores the

UAE’s commitment to enhancing its

aerospace manufacturing capabilities

and fostering local industry growth.

By localising the production of critical

aircraft components, the partnership

not only boosts the nation’s defence

sector but also contributes to economic

diversification and technological

advancement. This move aligns with

the UAE’s broader vision to become a

global hub for aerospace innovation

and manufacturing excellence.


Wheels

All N ew Toyota RAV4

Makes Worldwide Debut

180 km/h

Top Speed

350 Nm

Torque

250 bhp

Horse Power


Toyota has revealed the tough,

all-new sixth-generation RAV4,

continuing the legacy of its pioneering

predecessors by incorporating

cutting-edge technologies that redefine

performance and efficiency while setting

new benchmarks for safety and digital

user experience.

Known for its versatility and dependability,

the RAV4 has gained lasting appeal

among European customers, with over

2.5 million units sold since its debut in

1994, and globally, sales have surpassed

15 million to date.

The latest RAV4 features a robust new

exterior design that embodies its genuine

SUV character, highlighted by a bold,

rugged new model badge. Its strong front

fascia and dynamic profile convey true

off-road capability and a distinct RAV4

personality, while maintaining dimensions

similar to the previous generation. Inside,

the redesigned interior promotes

confident and intuitive driving, offering

all occupants a sense of spaciousness

alongside refined, premium comfort.

The launch of Toyota’s new Arene

software development platform marks

a significant move towards fully software-defined

vehicles, facilitating the

creation and rollout of advanced safety

and entertainment features within a digital

framework. Arene supports Toyota’s

newest safety innovations, introduced

for the first time on the all-new RAV4,

greatly improving protection while adding

advanced driver and parking assist

functionalities. The updated multimedia

system also debuts globally, providing

faster and enhanced connectivity, navigation,

and security features powered

by Arene.

The highly efficient new plug-in hybrid

RAV4 combines the characteristics of a

true electric vehicle with the convenience

of a hybrid. Capable of 100 km* (WLTP

combined) of electric-only driving, it meets

the daily needs of most European users,

while offering the flexibility and reliability

of Toyota’s latest hybrid technology.

The new generation plug-in hybrid system

boasts a battery with 30% greater

capacity, delivering increased power,

acceleration, and efficiency, along with

quicker charging options. A redesigned

layout further enhances driving dynamics

and interior space.

In Europe, the all-new RAV4 will be

offered exclusively as either a plug-in

hybrid or a full hybrid, underscoring

Toyota’s multi-pathway strategy towards

achieving carbon neutrality. This approach

provides customers with sustainable choices

suited to their location and individual

requirements.

The all-new RAV4’s user-focused experience

extends beyond the interior with

the latest MyToyota app, enabling users

to customise services through subscription

options that include quicker remote

functions, the new Smart Digital Key+,

an improved voice assistant, a drive recorder,

and music streaming capabilities.


Real Estate News

Dubai Opens Real Estate Market to Umm Al Quwain Free Trade Zone Companies

Dubai has taken a pioneering

step by allowing companies

based in the Umm Al Quwain

Free Trade Zone (UAQ FTZ) to invest

directly in its real estate market. This

groundbreaking move aims to foster

greater economic integration between

the emirates and enhance cross-emirate

investment opportunities. By extending

real estate ownership rights to UAQ FTZ

firms, Dubai is encouraging diversified

business activities and boosting investor

confidence in the region. The decision

is expected to strengthen ties within

the UAE’s federal economic framework

while supporting Dubai’s vision of an

open, globally competitive market. This

initiative also promotes the growth of

the UAE’s property sector by attracting

new investors and increasing liquidity.

It underscores Dubai’s commitment

to regulatory reforms that facilitate

seamless business operations across

the emirates.

Azizi Developments Hosts

Exclusive Dubai Event as

Part of Global Roadshow

Azizi Developments, a leading

private real estate developer in

the UAE, is hosting an exclusive

event in Dubai to showcase its premier

real estate offerings, including a preview

of Azizi Milan, its Italian-inspired,

sustainability-led master development.

The event is scheduled for May 19

and 26, 2025, at the Conrad Hotel on

Sheikh Zayed Road, from 10:00 AM to

7:00 PM. Azizi Milan is a landmark

master-planned community valued

at over AED 75 billion, covering 40

million sq. ft. and designed to house

144,000 residents. The development

draws inspiration from Milan’s rich

cultural heritage, featuring pedestrian-only

fashion streets, luxury retail,

fine dining, and wellness facilities.

Sustainability is a key focus, with the

community incorporating zero-carbon

design principles and supporting global

environmental initiatives. Following

the Dubai event, Azizi’s global roadshow

will continue in cities like Cairo,

Istanbul, London, and Milan, aiming

to engage international investors and

expand its global outreach.

Abu Dhabi’s Aldar Launches First Waldorf Astoria

Branded Residences on Yas Island

Aldar Properties has launched

the UAE’s first Waldorf Astoria-branded

residences on Yas

Island, Abu Dhabi, introducing a new

level of luxury living to the market.

These exclusive residences blend

sophisticated design with the iconic

hospitality standards of the Waldorf Astoria

brand, offering residents premium

amenities and personalised services.

Situated in one of Abu Dhabi’s most prestigious

locations, the project enhances

Yas Island’s appeal as a lifestyle and

leisure destination. Aldar’s partnership

with Hilton marks a strategic move to

attract high-net-worth individuals and

luxury real estate investors, further

strengthening Abu Dhabi’s position in

the upscale property sector. This launch

represents a significant milestone in

the emirate’s real estate landscape,

combining world-class branding with

innovative residential concepts to meet

evolving market demands.

Ras Al Khaimah’s Mira Developments Launches

Multi-Branded Waterfront Community

Ras Al Khaimah’s Mira Developments

has unveiled the world’s

first multi-branded waterfront

community, integrating luxury living

with lifestyle and leisure experiences.

The project brings together several

renowned hospitality and lifestyle

brands, offering residents exclusive

access to retail, dining, and entertainment

amenities in a single waterfront

location. This innovative development

aims to position Ras Al Khaimah as a

prime destination for both residents

and tourists, expanding its real estate

and tourism appeal. Mira Developments

leverages cutting-edge design and sustainable

practices to enhance quality

of life, with a strong focus on community

engagement and environmental

stewardship. This launch reflects the

emirate’s strategic efforts to diversify

its economy by boosting high-value real

estate and lifestyle sectors, attracting

regional and international investors. The

multi-branded concept marks a new

benchmark for integrated waterfront

living in the UAE.


Abu Dhabi Unveils $22.5B Housing Initiative to Enhance Family Stability

Abu Dhabi has announced a comprehensive

housing initiative

valued at AED82.7 billion (approximately

$22.5 billion), aiming to

bolster family stability and social cohesion.

Spearheaded by Crown Prince

Sheikh Khaled bin Mohamed bin Zayed

Al Nahyan, the plan encompasses 14

integrated housing projects set to deliver

35,000 housing benefits over the next

five years, including 26,000 residential

units and 9,000 land plots for Emirati

citizens. To alleviate financial burdens,

the initiative introduces a community

support subsidy of AED250,000, automatically

deducted from housing loans,

and extends loan repayment periods

up to 30 years. These measures align

with the ‘Year of Community’ initiative,

reflecting the leadership’s commitment

to enhancing the quality of life for Emirati

families through improved housing

solutions.

Ohana & Jacob &

Co. Launch AED 4.7B

Luxury Beachfront

Residences in the UAE

Ohana Development has partnered

with luxury brand Jacob

& Co. to unveil “Jacob &

Co. Beachfront Living by Ohana,” a

landmark AED 4.7 billion residential

project in Al Jurf, strategically located

between Abu Dhabi and Dubai.

Set for completion by Q2 2028, the

development offers a range of upscale

residences including one- to

three-bedroom apartments, three- to

six-bedroom villas, penthouses, and

beachfront mansions. Residents will

enjoy exclusive amenities such as

the world’s first Jacob & Co. Beach

Club, Residents Club, and Seafront

Cigar Lounge, alongside wellness facilities,

gourmet dining, and concierge

services. Surrounded by a natural

reserve, the project seamlessly blends

luxury living with nature, offering direct

beach access and panoramic sea

views. Its prime location ensures excellent

connectivity via Sheikh Zayed

Road and proximity to Al Maktoum

International Airport.

Ajman Real Estate Valuations Climb to $121.74M

in April

Ajman’s real estate sector recorded

a notable upswing in April

2025, with property valuations

reaching AED 447 million (USD 121.74

million), reflecting a 24.3% increase

compared to March. According to the

Department of Land and Real Estate

Regulation, the number of valuation

transactions also rose significantly to

154, marking a 21.3% monthly increase.

This growth is attributed to Ajman’s

rising popularity among investors,

thanks to its strategic location, modern

infrastructure, and affordable

Dubai’s real estate market achieved

a historic milestone in April 2025,

recording AED 62.4 billion in sales,

the highest monthly total ever. This marks

a 95.3% increase in value and a 55.4%

rise in transaction volume compared

to April 2024, with 17,979 transactions

completed. The surge was driven by

robust activity across all sectors: villas

saw 3,223 sales worth AED 23.7 billion

(up 134% in volume), apartments had

13,737 transactions totaling AED 26.7

property options. The emirate continues

to benefit from streamlined

government regulations, investor

confidence, and expanding residential

and commercial developments. Experts

believe that consistent growth in

valuations demonstrates the strength

and resilience of Ajman’s real estate

market within the UAE. With sustained

demand and supportive economic

conditions, Ajman is emerging as a

dynamic and competitive destination

for real estate investment across the

region.

Dubai Real Estate Sets New Monthly Record with

AED 62.4B in April Sales

billion (up 42.3%), plots recorded AED

10.9 billion from 599 deals (up 126%), and

commercial properties reached AED 1.1

billion from 419 transactions (up 54%).

Off-plan sales dominated, comprising

67% of total transactions, highlighting

investor confidence in Dubai’s future

developments. Notably, luxury properties

also made headlines, with a Palm Jumeirah

villa selling for AED 180 million and an

apartment at Bulgari Lighthouse Dubai

fetching AED 156 million.


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Finance World Magazine | Special Edition: June 2025

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