Finance World Magazine | Edition: September 2025
Finance World’s September issue, “Capital Frontiers: How the UAE is Redefining Global Finance and Investment,” positions the Emirates as more than a regional hub, it shows how the nation is actively shaping the next chapter of global markets. From deepening US-Gulf investment ties to the Abu Dhabi Securities Exchange rising as a powerhouse, capital flows are being redrawn with the UAE at the centre. Innovation is also driving transformation: tokenised sukuk are redefining Islamic finance, Dubai has moved to accept cryptocurrency for government payments, and the country is boldly aiming to make crypto its second-largest economic sector. Our cover story this month, “Union of Wellness & Technology: Shaping the Next Generation of Dubai Living,” features an exclusive interview with Salah Udin, Founder & CEO of Wadan Developments. Emerging from Dubai’s highly competitive real estate environment, Wadan Developments is charting a bold new course, introducing a distinctive blend of intelligent, wellness-focused residences that seamlessly integrate advanced technology with holistic living. By challenging conventional luxury models, this homegrown developer is setting the bar for what tomorrow’s Dubai living can and should mean. Meanwhile, investors are diversifying beyond gold into Dubai’s booming property market, where developers are increasingly taking construction in-house to capture greater value. At the same time, tourism, Golden Visas, and lifestyle-driven strategies are weaving together business and lifestyle in ways that attract global capital. This issue explores how these forces are creating new “capital frontiers” and why high-net-worth individuals and global investors alike see the UAE as the place where the future of finance is being written.
Finance World’s September issue, “Capital Frontiers: How the UAE is Redefining Global Finance and Investment,” positions the Emirates as more than a regional hub, it shows how the nation is actively shaping the next chapter of global markets. From deepening US-Gulf investment ties to the Abu Dhabi Securities Exchange rising as a powerhouse, capital flows are being redrawn with the UAE at the centre. Innovation is also driving transformation: tokenised sukuk are redefining Islamic finance, Dubai has moved to accept cryptocurrency for government payments, and the country is boldly aiming to make crypto its second-largest economic sector.
Our cover story this month, “Union of Wellness & Technology: Shaping the Next Generation of Dubai Living,” features an exclusive interview with Salah Udin, Founder & CEO of Wadan Developments. Emerging from Dubai’s highly competitive real estate environment, Wadan Developments is charting a bold new course, introducing a distinctive blend of intelligent, wellness-focused residences that seamlessly integrate advanced technology with holistic living. By challenging conventional luxury models, this homegrown developer is setting the bar for what tomorrow’s Dubai living can and should mean.
Meanwhile, investors are diversifying beyond gold into Dubai’s booming property market, where developers are increasingly taking construction in-house to capture greater value. At the same time, tourism, Golden Visas, and lifestyle-driven strategies are weaving together business and lifestyle in ways that attract global capital. This issue explores how these forces are creating new “capital frontiers” and why high-net-worth individuals and global investors alike see the UAE as the place where the future of finance is being written.
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ADX: The Rising Powerhouse of Regional Capital Markets
Branded Residences in Dubai Outperform Global Markets
Dubai: A Magnet for Global Millionaires
The ETF Revolution Is Coming to the Gulf
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September 2025
I founded Wadan Developments with
a clear vision: to create intelligent, refined
homes which blend smart living, wellness,
and comfort, setting a new standard in
Dubai that goes beyond luxury.”
SALAH UDIN
Founder & CEO,
Wadan Developments
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The ETF Revolution Is Coming to the Gulf
September 2025
I founded Wadan Developments with
a clear vision: to create intelligent, refined
homes which blend smart living, wellness,
and comfort, setting a new standard in
Dubai that goes beyond luxury.”
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Founder & CEO,
Wadan Developments
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& TECHNOLOGY
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One way to keep momentum going is
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Editor’s Note
Finance World’s September issue, “Capital Frontiers: How
the UAE is Redefining Global Finance and Investment,”
positions the Emirates as more than a regional hub, it
shows how the nation is actively shaping the next chapter of
global markets. From deepening US-Gulf investment ties to
the Abu Dhabi Securities Exchange rising as a powerhouse,
capital flows are being redrawn with the UAE at the centre.
Innovation is also driving transformation: tokenised sukuk
are redefining Islamic finance, Dubai has moved to accept
cryptocurrency for government payments, and the country
is boldly aiming to make crypto its second-largest economic
sector.
Our cover story this month, “Union of Wellness & Technology:
Shaping the Next Generation of Dubai Living,” features an
exclusive interview with Salah Udin, Founder & CEO of Wadan
Developments. Emerging from Dubai’s highly competitive real
estate environment, Wadan Developments is charting a bold
new course, introducing a distinctive blend of intelligent,
wellness-focused residences that seamlessly integrate advanced
technology with holistic living. By challenging conventional
luxury models, this homegrown developer is setting the bar
for what tomorrow’s Dubai living can and should mean.
Meanwhile, investors are diversifying beyond gold into
Dubai’s booming property market, where developers are
increasingly taking construction in-house to capture greater
value. At the same time, tourism, Golden Visas, and lifestyledriven
strategies are weaving together business and lifestyle
in ways that attract global capital. This issue explores how
these forces are creating new “capital frontiers” and why
high-net-worth individuals and global investors alike see the
UAE as the place where the future of finance is being written.
FEEDBACK & SUGGESTIONS
Ayaz Ahmed
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September 2025 www.thefinanceworld.com 7
Contents September
2025
COVER STORY
INVESTMENT
P32 | Abu Dhabi Securities Exchange:
The Rising Powerhouse of Regional
Capital Markets
Abu Dhabi Securities Exchange is transforming
into a regional powerhouse, driving innovation
and connectivity.
INTERVIEW
P24 | Union of Wellness & Technology
An Exclusive Interview with Salah Udin, Founder & CEO of Wadan
Developments who is pioneering a new category of wellnessfocused
residences that integrate cutting-edge technology.
INFOGRAPHIC
P22 | UAE as Global Capital Gateway
Breaking down UAE’s pivotal role connecting international investors and
redirecting worldwide capital flows.
P36 | Dubai: A Magnet for Millionaires
Manoj Sureka, CEO & Managing Partner of
Synergy Fin. Consulting reveals why Dubai is a key
destination for global high-net-worth families.
8 www.thefinanceworld.com September 2025
DIGITAL ASSETS
OPINION
P84 | What Dubai’s Move to Accept Digital
Currency for Government Fees Means
Unpacks how Dubai’s digital currency initiative is reshaping
government payments and local adoption.
OPINION
P74 | The ETF Revolution Is Coming to
the Gulf, Here’s Why It Will Be Different
Hasnae Taleb, Managing Partner of Mintiply
Capital, details the unique factors shaping the Gulf’s
imminent ETF boom.
WHEELS
P44 | Dubai’s Branded Residences Outperform
the Global Market
Louis Harding, CEO of Betterhomes, explains why Dubai’s branded
properties command world-leading prices and appeal.
P38 | McLaren 750S
Explores the McLaren 750S’s thrilling
performance and supercar engineering.
September 2025 www.thefinanceworld.com 9
Real Estate
Source: Ai generated
Dubai’s vibrant skyline attracts investors seeking growth, stability, and long-term portfolio diversification.
From Gold to
Real Estate: Why
Diversifying is Crucial
for UAE Investors
UAE Investors are Increasingly Choosing Dubai
Apartments, Diversifying Portfolios beyond Gold
and Traditional Assets.
UAE investors are increasingly shifting
their attention from traditional assets
like gold to Dubai’s dynamic real estate
market, with apartments emerging as a
preferred choice. This trend reflects both
changing investment strategies and the
city’s growing appeal as a global property
hub. Offering competitive rental yields,
rising capital appreciation, and world-class
infrastructure, Dubai’s apartment sector
presents a compelling case for diversification.
Investors are also encouraged by
regulatory reforms and long-term development
plans that reinforce stability. As
portfolios evolve, Dubai apartments are
becoming central to strategies focused on
both wealth preservation and sustainable
future growth opportunities.
10 www.thefinanceworld.com September 2025
For generations, gold has been a
cornerstone of wealth preservation
for investors across the
United Arab Emirates. Its status as a
safe-haven asset made it the preferred
choice for safeguarding capital during
periods of uncertainty. However, as the
global economy evolves and Dubai’s
property market matures, a growing
number of UAE investors are shifting
their attention from precious metals
to real estate, particularly residential
apartments. This diversification trend
reflects changing economic priorities,
strong returns, and a belief that property
investment aligns more closely with the
emirate’s long-term growth trajectory.
Dubai’s real estate sector has witnessed
a remarkable resurgence in
recent years, attracting both domestic
and international buyers. Apartments,
in particular, are drawing investors who
see them as versatile assets that combine
rental income potential with capital
appreciation. Residential transactions
Dubai’s property market
offers enduring stability
and investor confidence
through strong regulation
and innovation.”
His Excellency Sultan Butti bin Mejren,
Director-General, Dubai Land Department
in Dubai have reached record highs, fuelled
by rising demand from expatriates,
global investors, and local buyers. For
UAE nationals, investing in apartments
offers a tangible alternative to gold,
an asset that not only holds value but
also generates steady returns.
The appeal of apartments lies in
their ability to produce regular income
streams. Unlike gold, which relies entirely
on market price fluctuations for
returns, property offers dual benefits:
rental yields and capital growth. Average
rental yields in Dubai’s residential
market currently range from 6 to 8
percent, often outperforming global
property hubs such as London or
New York. With growing demand for
quality housing from Dubai’s expanding
population, apartments present a
sustainable income-generating asset
that complements traditional wealth
portfolios built around gold.
Changing Priorities: Why UAE
Investors Are Shifting from Gold
to Real Estate
Government initiatives have played
a central role in boosting investor
confidence. Policies such as long-term
residency visas for property owners,
streamlined regulations, and attractive
mortgage schemes have strengthened
Dubai’s position as a global real estate
destination. Furthermore, mega
projects, infrastructure investments,
and the emirate’s consistent ranking
as a safe and stable hub continue to
drive demand for residential property.
These policy measures provide UAE
investors with assurances that real
estate is not only lucrative but also
secure in the long run.
Market stability is another factor
encouraging the shift. Gold prices,
while traditionally resilient, remain
vulnerable to global economic cycles,
inflationary pressures, and shifts in
central bank policies. Property, by
contrast, has shown a more consistent
upward trend in Dubai, supported by
population growth, tourism expansion,
and a diversified economy. The cultural
preference for tangible assets further
reinforces this shift. Property ownership
in the UAE is often associated with
status, security, and legacy building.
Apartments provide flexibility: they
can be rented, sold, or passed on to
future generations. For many investors,
property represents more than
just financial growth; it embodies a
lasting asset that contributes to family
wealth and long-term stability. This
cultural alignment makes real estate
a natural complement to traditional
holdings in gold.
Dubai Apartments: Income, Stability
& Cultural Appeal
Dubai’s role as a global city has also
magnified the appeal of apartments.
The emirate’s international connectivity,
world-class lifestyle offerings,
and reputation as a safe destination
for expatriates and investors make it
a preferred hub for property ownership.
Events such as Expo 2020 and
the government’s ongoing investment
in technology and infrastructure have
enhanced Dubai’s global standing. These
developments create opportunities for
property appreciation, encouraging
UAE investors to capitalise on the
city’s continued growth.
Diversification is a key driver of this
trend. Experienced investors understand
that relying heavily on a single
asset class exposes them to risks.
Gold, while stable, lacks the growth
potential of real estate in a market like
Dubai. By diversifying into apartments,
investors balance risk while maximising
opportunity. This strategy aligns with
the broader investment shift seen
across the UAE, where capital is being
directed towards real estate, equities,
and emerging technologies in addition
to traditional safe-haven assets.
Technology is also transforming the
way property investments are made.
Digital platforms now provide investors
with access to data-driven insights,
virtual tours, and simplified transaction
processes. The growing popularity of
fractional ownership and real estate
investment platforms allows smaller
investors to participate in Dubai’s
booming apartment market. These
innovations make property investment
more accessible and appealing, particularly
for younger UAE investors who
are comfortable with digital finance and
eager to build diversified portfolios.
At the same time, Dubai’s real estate
sector continues to mature, offering
greater transparency and professionalism.
Regulatory frameworks such as
the Dubai Land Department’s digital
services and escrow regulations have
significantly increased trust in the
market.
September 2025 www.thefinanceworld.com 11
Funding & Investment News
Mubadala Capital
Invests in Anaconda’s
$150M Series C Funding
Round
Anaconda, Inc., a US artificial
intelligence firm, has raised $150
million in a Series C funding
round, with Mubadala Capital, the asset
management division of Abu Dhabi’s
Mubadala Investment Co.,listed as
one of the participating investors. The
company, which focuses on advancing
large-scale AI through open-source
solutions, stated that the round was led
by US-based software investor Insight
Partners. The funding will support the
development of new AI capabilities,
strategic acquisitions, and expansion
into additional markets. Established
in 2012, Anaconda reported generating
over $150 million in annual recurring
revenue (ARR) as of July 2025.
Mubadala, headquartered in Abu
Dhabi, has AI investments in its portfolio
that include G42, a UAE-based
artificial intelligence and cloud computing
enterprise.
TAQA Secures AED 8.5B
Term Loan to Boost Liquidity
Abu Dhabi National Energy Company
(TAQA) has obtained an
AED 8.5 billion (USD 2.31 billion)
term loan facility to reinforce its
liquidity and fund long-term growth
initiatives. The two-year, AED-denominated
floating-rate loan includes a
one-year extension option and allows
TAQA to draw funds in phases as needed.
Choosing a loan in local currency aligns
with the company’s income profile and
provides cost benefits through EIBOR
compared with global benchmarks. The
loan’s maturity profile matches well
with TAQA’s current debt schedule,
which has no corporate maturities due
in 2027. This financing move diversifies
TAQA’s liquidity sources and improves
its capital structure flexibility. The
transaction underscores the company’s
credit strength and positions it
to better support future investments
while maintaining a strong and resilient
balance sheet.
Abu Dhabi Royal Family Firm Secures $800M for
Expansion Plans
The Private Department of Sheikh
Mohamed Bin Khalid Al Nahyan,
fully owned by members of Abu
Dhabi’s ruling family, has secured AED3
billion (USD 817 million) to support
fresh investments. The financing,
structured as a 10-year syndicated loan,
was arranged by a group of domestic
lenders, with Abu Dhabi Commercial
Bank, Commercial Bank of Dubai, and
Mashreq acting as joint mandated lead
arrangers, bookrunners, and hedging
banks.
Funds from the facility will also be
allocated towards refinancing existing
bank debt on more favourable terms,
settling sukuk obligations, and meeting
general corporate needs. The loan is
backed by a real estate portfolio spanning
Abu Dhabi and Dubai. Founded in
1964, the Private Department manages
a portfolio that includes more than
2,500 income-generating residential
units, 60,000 square metres of commercial
space.
Coraly.ai Raises $2 Million to Accelerate
Regional Expansion
UAE-based proptech startup
Coraly.ai, previously known
as Coralytics, has successfully
closed a $2 million pre-seed funding
round led by Salica Oryx Fund, a ME-
NA-focused early-stage investor based
in Abu Dhabi Global Market. The round
also included support from EQ2 Ventures
and a cohort of strategic angel
investors. The new capital will fuel
Coraly.ai’s regional expansion across
the GCC and enable early entry into
European and North American markets.
Funding will accelerate product development
by expanding the engineering
team, enhancing AI capabilities, and
enabling commercial rollouts in Saudi
Arabia, France, and the United States.
CEO and Founder Fouad Bekkar emphasized
that real estate agents are
underserved by outdated systems,
and Coraly.ai aims to simplify growth.
CE-Ventures Joins $100M Funding for U.S.
Nuclear Tech Startup
UAE-based venture capital firm
CE-Ventures, part of Crescent
Enterprises, has participated
in a $100 million Series B funding
round for Aalo Atomics, a U.S. nuclear
technology startup. The round was led
by Valor Equity Partners and included
other backers such as Fine Structure
Ventures, Hitachi Ventures, and Crosscut
Ventures. Aalo has been selected
by the U.S. Department of Energy’s
Reactor Pilot Program for fast-tracked
testing of its advanced nuclear technology.
Proceeds from the investment
will support the construction of the
company’s first modular nuclear power
plant, designed to reach zero-power
criticality by July 2026, and aim to
demonstrate how mass-manufactured
reactors can efficiently power AI data
centers. CE-Ventures highlighted nuclear
energy’s potential role in meeting
surging AI-related energy demands
with clean, scalable solutions.
12 www.thefinanceworld.com September 2025
Starvania Studio Secures $1.1M to Drive Global Expansion
Saudi Arabia’s Starvania Studio, an
indie game developer specialising
in immersive fantasy universes,
has raised $1.1 million in new funding
to accelerate its international growth.
The investment will enable the studio
to scale its operations, recruit creative
and technical talent, and strengthen its
technology infrastructure to deliver
high-quality titles for global audiences.
The company, already recognised for its
debut game Bahamut and The Waqwaq
Tree, aims to leverage this funding
to expand its portfolio and compete
on an international stage. Starvania’s
success reflects the rapid evolution
of the MENA gaming industry, where
government initiatives and venture
capital support are propelling startups
into global markets. By focusing
on storytelling and cultural depth to
differentiate itself.
Binghatti Capital Launches $1B Private Credit
Fund to Support Subcontractors
Binghatti Capital, the newly established
asset management
arm of Binghatti Holding, has
launched a Shariah-compliant private
credit fund tailored to real estate supply
chain financing. Structured within
its suite of investment strategies, the
fund aims to enhance working capital
access for construction firms,
property management entities, and
key suppliers. By offering faster and
more flexible funding than traditional
banking channels, the initiative aims
to accelerate project timelines, improve
cash flow, and deliver stronger
returns within the vertically integrated
development model. The fund’s design
reflects Binghatti’s focus on operational
efficiency and integrated financing,
enabling subcontractors to operate
with greater pace and reliability. The
platform is backed by a commitment
to diversify funding sources.
US Tops Greenfield FDI in Saudi Arabia with $2.7B
in H1 2025
The UAE Ministry of Economy
and Tourism will host the inaugural
UAE Africa Tourism
Investment Summit on 27 October
2025 in Dubai. The gathering will be
held as part of FHS World 2025, the
Future Hospitality Summit, bringing
together more than 250 senior delegates
including tourism ministers,
investment leaders and industry stakeholders
from 53 African countries. The
summit is designed to deepen collaboration
between the UAE and Africa,
promoting joint ventures in tourism
infrastructure, hospitality projects and
sustainable travel initiatives. A Memorandum
of Understanding has been
signed with The Bench, organisers of
FHS World, to manage the summit’s
programme and global outreach. The
initiative highlights the UAE’s role as a
hub for international cooperation and
its commitment to fostering long term
economic and cultural partnerships
with Africa.
US Tops Greenfield FDI in
Saudi Arabia with $2.7B
in H1 2025
The United States has emerged as
the largest greenfield investor in
Saudi Arabia during the first half
of 2025, reflecting growing investor
confidence in the Kingdom’s economy
and Vision 2030 diversification agenda.
American companies launched 61 new
projects valued at approximately $2.7
billion, representing close to one-third
of both the overall project count and
capital inflows. This surge highlights
deepening economic ties between
the US and Saudi Arabia, particularly
across energy, infrastructure, and
advanced technology sectors. In total,
Saudi Arabia attracted 203 greenfield
projects worth $9.34 billion in the
six-month period, marking a 30.1 percent
year-on-year increase in project
numbers. Egypt followed with $1.81
billion from 11 projects, while China
and France contributed $858.3 million
and $771.7 million respectively.
September 2025 www.thefinanceworld.com 13
Economy
Source: Ai generated
Cryptocurrency growth in UAE supports diversification, strengthening its leadership in global innovation.
Can Crypto Become the
Nation’s Second-Largest
Economic Sector Within
Five Years?
UAE Aims to Elevate Cryptocurrency as
its Second-Largest Sector, Shaping Future
Economic Transformation.
The United Arab Emirates is making
one of its boldest economic bets yet by
aiming to establish cryptocurrency as
the country’s second-largest economic
sector within the next five years. This
ambition reflects the nation’s long-standing
strategy of diversification beyond oil
and its determination to lead in emerging
technologies worldwide. Building on its
success as a hub for finance, trade, and
innovation, the UAE is positioning itself
as a global centre for blockchain and digital
assets. With supportive regulation,
advanced infrastructure, and international
partnerships, the initiative underscores
the nation’s intent to reshape the global
digital finance landscape.
14 www.thefinanceworld.com September 2025
The United Arab Emirates has
long positioned itself as a hub
for economic diversification and
financial innovation. In recent years, its
leadership has taken deliberate steps
to reduce reliance on hydrocarbons
and channel investment into emerging
industries such as artificial intelligence,
renewable energy, and fintech. Among
these, cryptocurrency and blockchain
stand out as areas with the potential
to transform the nation’s economic
landscape. The UAE’s ambition to make
crypto its second-largest economic
sector within five years reflects both
optimism and strategy, but also raises
questions about feasibility, regulation,
and sustainability.
The UAE’s crypto ambitions are
not without precedent. Over the past
decade, the country has consistently
embraced cutting-edge technologies
to cement its position as a regional
leader. Dubai’s launch of the Virtual
Assets Regulatory Authority (VARA)
in 2022 was a milestone in providing
structure to a rapidly evolving market.
By offering a framework for digital
asset exchanges, custodians, and service
providers, VARA has signalled the
government’s commitment to balancing
innovation with regulatory oversight.
In Abu Dhabi, the Financial Services
Regulatory Authority (FSRA) within
Abu Dhabi Global Market (ADGM) has
developed similar initiatives, ensuring
that the nation presents a unified and
credible front to global investors.
Balancing Innovation: UAE’s Regulatory
Vision
Economic forecasts highlight the potential
scale of this transformation. A
report by PwC suggests that blockchain
technology could contribute USD 1.76
trillion to the global economy by 2030.
The UAE aims to capture a significant
share of this growth by positioning
itself as a preferred destination for
crypto enterprises. Free zones such
as Dubai Multi Commodities Centre
(DMCC) and ADGM already host hundreds
of blockchain and crypto firms,
reflecting strong interest in the local
ecosystem. If growth continues, digital
assets could indeed rival established
sectors such as logistics and tourism
in their contribution to GDP.
However, the path to making crypto
the nation’s second-largest economic
sector is fraught with challenges.
One of the most pressing concerns
is volatility. Cryptocurrencies remain
subject to unpredictable fluctuations
that can affect their reliability as a
store of value. To mitigate this, the
UAE may prioritise the development
and adoption of stablecoins or explore
central bank digital currencies (CB-
DCs). The Central Bank of the UAE has
already launched “Project mBridge,”
a cross-border CBDC pilot with other
Asian economies, which could provide
a secure and regulated complement to
private crypto initiatives.
Building Infrastructure and Talent
for Crypto Growth
Another critical issue lies in regulatory
clarity and global alignment. While the
UAE has taken strong steps domestically,
international cooperation will be
key. Cryptocurrencies operate across
borders, and inconsistent rules between
jurisdictions could hinder growth. For
the UAE, positioning itself as a compliant
yet innovation-friendly jurisdiction
will be essential. Attracting global firms
requires a balance: too much regulation
risks stifling innovation, while too little
creates reputational risks in the form
of money laundering or illicit activity.
Infrastructure readiness will also
determine success. A thriving crypto
economy requires not only exchanges
and wallets but also cybersecurity, payment
gateways, and blockchain-based
applications that integrate with traditional
industries. The UAE’s broader
digital transformation agenda, including
smart cities and e-government services,
provides fertile ground for such integration.
Already, Dubai’s move to accept
digital currencies for government fees
has created momentum and signalled
institutional readiness to adopt crypto
at scale. Expanding these use cases to
real estate, retail, and trade finance
could accelerate adoption.
The human capital dimension is
equally vital. To achieve its target, the
UAE must cultivate a skilled workforce
capable of driving crypto innovation.
Partnerships with universities, specialised
training programmes, and
incentives for global talent are already
part of the strategy. By positioning
itself as a knowledge hub, the UAE
can ensure that its crypto sector does
not rely solely on imported expertise
but builds a sustainable pipeline of
local talent.
Navigating Risks and Driving
Sustainable Adoption
Despite the opportunities, scepticism
persists. Critics point to the cyclical
nature of crypto markets, arguing
that a reliance on digital assets could
expose the economy to unnecessary
risk. Others highlight the environmental
Developing a strong
and secure digital asset
ecosystem is central to
the UAE’s vision for future
economic growth.”
His Excellency Omar Sultan Al Olama,
Minister of State for Artificial Intelligence,
Digital Economy, and Remote Work Applications
concerns linked to cryptocurrency
mining. Although the UAE is unlikely
to become a mining hub due to energy
considerations, it could lead in promoting
greener blockchain technologies.
Aligning crypto development with the
UAE’s sustainability agenda would
strengthen its credibility and ensure
long-term resilience.
The UAE’s ambition to make crypto
its second-largest economic sector
within five years is both daring and visionary.
Success will hinge on balancing
innovation with regulation, ensuring
security, and building the necessary
infrastructure and talent base. While
volatility and scepticism remain, the
UAE’s track record in transforming
industries suggests it can turn this
ambition into reality.
September 2025 www.thefinanceworld.com 15
FinTech News
Qatar Pushes for Fintech Growth as Cornerstone of Economic
Diversification
Qatar is accelerating its fintech
agenda as a key driver of economic
diversification, strengthening its
position as a regional innovation hub.
The Qatar Financial Centre has launched
the Fintech Circle co-working hub, while
the Qatar Central Bank continues to
operate a fintech regulatory sandbox
to encourage innovation. Additionally,
the Qatar Investment Authority has
committed USD 1 billion to venture
capital funds targeting fintech, edtech,
and healthcare across the GCC. In 2024,
fintech companies in Qatar secured
QAR 46 million (USD 12.6 million) in
venture investment, representing 41
percent of the country’s total venture
capital funding. This marked a 581
percent increase compared to the
previous year. Fintech also led in deal
volume, accounting for 29 percent of all
transactions, with notable rounds going
to Spendwisor, Wahed, and Xpendless.
Presight Launches First AI-Startup Accelerator
Bootcamp in Abu Dhabi
Presight has kicked off the inaugural
AI-Startup Accelerator
Bootcamp in Abu Dhabi, bringing
together ten startups from the
United States, Singapore, Indonesia,
Azerbaijan, Tajikistan, and the UAE.
Over three days starting August 18, the
participants engaged in a structured
program focusing on scaling practical
AI solutions. The startups received
hands-on technical support, mentorship,
and introductions to Presight’s
institutional clients. They pitched their
ideas based on themes such as urban
innovation, AI tools and foundational
technologies, and market applications
across sectors like fintech, energy, education,
investment decision-making,
and smart cities. The program featured
participation from prominent partners
including Microsoft, Hub71, MOIAT,
ENEC, FAB, ADNOC Onshore, Borouge,
and the Abu Dhabi Department
of Energy. Demos and commercial
readiness workshops formed part of
the final day’s activities.
BurjX Secures UAE Digital Asset Platform with
Fireblocks Infrastructure
ASB Capital Launches
Global Technology Fund
with BlueBox Asset
Management
ASB Capital, a Dubai-based asset and
wealth management firm with US $5.5
billion in assets under management, has
launched the ASB Global Technology Fund
in partnership with BlueBox Asset Management
of Geneva and the UK. The fund
is based in Dubai International Financial
Centre and will invest in publicly listed
technology-driven companies across
both developed and emerging markets.
It will target a portfolio of 25 to 35 firms,
each typically valued at or above US $1
billion, with a 10% exposure limit to any
single issuer. The fund’s strategy spans the
entire technology value chain, including
infrastructure, enablers, and platforms
that shape the future economy.
BurjX, a UAE-based digital asset
trading platform licensed by the
Financial Services Regulatory
Authority of ADGM, has integrated
Fireblocks’ enterprise-grade infrastructure
to secure both its trading
and custody operations. The platform
addresses rising digital asset theft,
exceeding USD 2.17 billion in the first
half of 2025, and fills a gap as only 22
percent of exchanges currently offer
full insurance coverage. BurjX combines
Fireblocks’ high-performance
MPC wallet technology, capable of
handling up to one million transactions
per second, with robust safeguards
including role-based access,
automated policy enforcement, and
multi-layer authorization. To enhance
compliance, the company has added
Notabene for Travel Rule adherence and
Chainalysis for transaction monitoring.
Comprehensive insurance from Relm
Insurance covers both hot and cold
wallets, enabling fast execution, deep
liquidity, and secure custody.
16 www.thefinanceworld.com September 2025
Wio Bank Launches
Direct Integration with
Xero to Simplify
Accounting
Wio Bank, the UAE’s digital first
banking platform, has launched
a direct integration with Xero,
enabling its Wio Business customers to
streamline their accounting workflows.
This integration provides seamless bank
feeds, automated reconciliation, and real
time financial insights, all accessible
with a few clicks. The partnership is
designed to transform the way SMEs
and accounting professionals manage
their financial operations. By eliminating
manual data entry and reducing reconciliation
errors, it not only saves time
but also ensures greater accuracy and
compliance with accounting standards.
Businesses gain the advantage of real
time visibility into cash flow, enabling
more informed decision making and
better financial planning. The system
allows accountants to focus on growth
strategies instead of admin work.
Dubai Introduces AI Seal to Certify Trusted
Artificial Intelligence Providers
Dubai has introduced the “Dubai
AI Seal,” a certification program
developed by the Dubai
Centre for Artificial Intelligence under
the guidance of His Highness Sheikh
Hamdan bin Mohammed bin Rashid Al
Maktoum. The AI Seal is issued in one
of six tiers E, D, C, B, A, and S based on
economic contribution and activities,
with S being the highest level. Participating
companies receive a unique
serial number and classification that
can be verified online. As of mid May
2025, 325 companies licensed in Dubai
including organisations from sectors
such as health, media, real estate, and
software had applied, representing 77
international offices. Early recipients
of the Tier S classification include e&
and IBM. The certification is free and
is likely to become a requirement for
participation in future government AI
projects, serving to build a trusted and
accountable AI ecosystem in Dubai.
Robinhood Applies for DFSA License to Expand
into Dubai
Robinhood, the US-based neobroker,
has applied for a Category
4 license from the Dubai
Financial Services Authority (DFSA),
indicating its intent to operate in the
UAE and the broader Middle East and
North Africa (MENA) region.
If approved, the license would permit
Robinhood to establish operations
in the Dubai International Financial
Centre (DIFC), a prominent financial
hub. This move is part of the company’s
broader international expansion,
which has recently included increased
activity in Europe and Asia.
To lead its MENA operations, Robinhood
has appointed Mario Camara
as Senior Executive Officer. Camara
has extensive experience in the FX
and CFDs industry, having served as
Senior Vice President of Licensing &
Government Relations at Equiti Group
for six years. He previously held leadership
roles at Saxo Bank, where he
was Managing Director for the MENA
region based in DIFC.
Insurtech Mantas Receives
In-Principle Approval from
DFSA for Category 4 License
Mantas, a pioneering insurtech
firm, has received in-principle
approval from the Dubai
Financial Services Authority for a
Category 4 licence. Once final licence
conditions are met, the company
will be authorised to operate as a
regulated Managing General Agent,
offering insurance intermediation and
management services. This achievement
supports Mantas’s ambition to
deliver parametric insurance solutions
tailored for cloud-reliant businesses
across the Middle East and Africa.
The company is the first in the MEA
region to use predictive analytics
for developing insurance products
designed to support digital service
delivery and embedded business models.
Basil Mimi, Co-founder and Chief
Executive Officer of Mantas, emphasised
the importance of protecting
digital enterprises from cloud failures
and reinforced their commitment to
innovation until business disruption
becomes a managed, predictable event.
September 2025 www.thefinanceworld.com 17
Real Estate
Source: Ai generated
Dubai developers streamline construction by moving operations in-house, ensuring faster delivery.
Inside Dubai’s Property
Surge: Why Developers
Are Taking Construction
In-House
Developers in Dubai are bringing Construction
in-House to Cut Costs, Improve Control, and
Boost Efficiency.
Dubai’s real estate market is experiencing
an unprecedented surge, driven by
rising demand for luxury residences,
premium office spaces, and mixed-use
developments. As projects grow in scale
and complexity, developers are rethinking
traditional models to deliver faster,
more cost-efficient, and higher-quality outcomes.
An emerging trend is the decision
to bring construction activities in-house,
a move that provides greater control over
timelines, costs, and sustainability practices.
By internalising these capabilities,
developers are positioning themselves
to meet investor expectations, mitigate
risks, and maintain competitiveness in
a rapidly evolving market that continues
to strengthen Dubai’s status as a global
property hub.
18 www.thefinanceworld.com September 2025
Dubai’s real estate sector continues
to capture global attention
as both residential and
commercial markets achieve record
growth. With a surge in demand for
luxury living, premium offices, and
mixed-use developments, developers
are increasingly rethinking their business
models to ensure efficiency and
profitability. A noticeable shift is the
decision by leading property players
to bring construction capabilities inhouse,
a strategy designed to reduce
risks, control costs, and deliver projects
at unmatched speed. This transformation
marks an important moment for
Dubai’s property market as developers
adapt to heightened competition and
evolving investor expectations.
Developers face pressure to deliver
larger, more complex projects on
shorter timelines, prompting them to
seek greater control over the supply
chain. By internalising construction,
firms are not only reducing dependency
on third-party contractors but
also safeguarding against the risks of
delays, cost escalations, and supply
disruptions that can erode margins in
a fast-moving market.
Operational Control and Efficiency
Bringing construction in-house allows
developers to exercise greater
oversight from planning to execution.
This integrated model ensures tighter
coordination between design, procurement,
and delivery phases, enabling
firms to streamline operations and
resolve challenges swiftly. Developers
can prioritise quality standards
and enforce sustainability measures
aligned with Dubai’s environmental
goals, which are often compromised
when managed externally. Furthermore,
direct control over construction teams
facilitates faster decision-making, ensuring
projects remain on schedule in a
market where timing often determines
commercial success.
Cost Management and Profitability
One of the major drivers behind this shift
is cost efficiency. Construction expenses,
particularly materials and labour,
are subject to global price volatility.
By managing these elements internally,
developers can negotiate better supplier
contracts, optimise resource allocation,
and reduce waste. For large-scale
projects, even small cost savings per
unit translate into significant financial
By encouraging
vertical integration in
construction, we aim
to enhance project
transparency, control, and
delivery speed, ensuring
Dubai’s developments
continue to meet the
highest global standards.”
Marwan Bin Ghalita, Director General of
the Real Estate Regulatory Agency (RERA)
advantages. This approach also allows
companies to capture margins that
would otherwise be distributed across
multiple subcontractors, improving
overall profitability while enhancing
competitive positioning.
Innovation and Sustainability
Advantages
In-house construction teams are proving
critical in adopting new technologies
and sustainable practices. Developers
in Dubai are increasingly turning to
prefabrication, modular building, and
digital project management tools such
as Building Information Modelling
(BIM). By embedding these innovations
within internal teams, firms can
accelerate adoption and tailor solutions
directly to project needs. This is especially
relevant as Dubai strengthens
its sustainability commitments under
the UAE Net Zero 2050 Strategy, with
developers under pressure to minimise
environmental footprints and integrate
smart, energy-efficient systems.
Talent Retention and Specialised
Expertise
The ability to build strong in-house
teams also creates a competitive edge
in terms of human capital. Skilled engineers,
architects, and project managers
are in high demand across the region.
Developers who consolidate these capabilities
internally are better positioned
to retain talent, foster collaboration,
and cultivate specialised expertise
tailored to their unique portfolio. This
not only improves project delivery but
also strengthens long-term institutional
knowledge, which can be leveraged for
future developments.
As more developers adopt this model,
the competitive landscape in Dubai is
evolving. Smaller firms, which may lack
the resources to establish full-scale
in-house divisions, face challenges
in keeping pace with larger players.
However, this could drive greater collaboration,
mergers, or joint ventures as
companies seek to pool expertise and
achieve economies of scale. The trend
also places new pressure on traditional
contractors, who must adapt by offering
niche expertise, higher efficiency, or
technology-driven services to remain
relevant.
Investor and Buyer Confidence
For buyers, the in-house construction
approach provides reassurance of
quality and timely delivery. Delays and
compromises in workmanship have
long been concerns in fast-expanding
property markets. By demonstrating
greater accountability, developers can
strengthen brand reputation and attract
a more discerning class of investors,
including institutional funds and international
buyers. This trust becomes
especially valuable in Dubai’s high-end
property segment, where competition
is fierce, and expectations are exacting.
Dubai’s property surge is reshaping
how developers approach project
delivery, with in-house construction
emerging as a key strategic advantage.
This move enhances control, reduces
costs, and aligns with sustainability
goals while reinforcing investor confidence.
Although challenges remain,
the trend highlights the adaptability
of Dubai’s real estate market and
its determination to maintain global
competitiveness.
September 2025 www.thefinanceworld.com 19
Local News
UAE Federal Tax Authority Issues Corporate Tax Deadline Reminder
The UAE Federal Tax Authority (FTA)
has reminded all Corporate Tax
taxpayers to finalise tax records,
submit returns, and pay any tax due
within the designated deadlines. The
notice applies to all entities, including
exempt persons required to register,
with returns and payments expected
within nine months from the end of
each tax period. The FTA warned that
failure to comply could result in fines
and penalties for late submissions or
non-payment. Businesses are advised
to prepare key documents in advance,
including commercial licences, financial
statements, and business activity
information, to ensure accurate and
timely filing. The Authority highlighted
the EmaraTax digital platform as a
streamlined solution, available 24/7 for
secure and efficient tax submissions.
Companies can file directly through
EmaraTax or consult authorised tax
agents listed on the FTA’s website.
CBUAE Imposes AED
2M Penalty on Malik
Exchange over AML
Breaches
The Central Bank of the UAE
(CBUAE) announced on Wednesday
that it had imposed a Dh2 million
fine on Malik Exchange and revoked its
licence due to breaches of anti-money
laundering regulations. The regulator
confirmed that the exchange house’s
name has also been removed from the
official Register, in line with the UAE’s
laws on Anti-Money Laundering (AML),
Combating the Financing of Terrorism
(CFT), and Illegal Organisations, along
with their amendments.
Strict measures were taken following
investigations by the CBUAE, which
uncovered violations and non-compliance
with the relevant AML and
CFT frameworks. The Central Bank
emphasised that all exchange houses,
along with their owners and employees,
are required to strictly adhere to the
nation’s regulatory framework.
UAE Banks Process $2.59T Transactions in Five
Months
The UAE Funds Transfer System
(UAEFTS) processed transactions
worth AED 9.528 trillion
during the first five months of 2025,
reflecting the strength and scale of the
country’s banking sector. Data from the
Central Bank of the UAE showed that
transfers executed by banks totalled
AED 5.963 trillion, broken down as
AED 1.1 trillion in January, AED 983.99
billion in February, AED 1.238 trillion
in March, AED 1.273 trillion in April,
The Ministry of Human Resources
and Emiratisation (MoHRE) has
signed a memorandum of understanding
with e& money, the fintech
subsidiary of e&, to offer wage protection
services for domestic workers via the
e& money platform. This collaboration
integrates MoHRE’s Wage Protection
System (WPS) into the app, allowing
employers to manage domestic workers’
salary payments in line with UAE laws
and regulatory standards.
Dalal Alshehhi, Acting Assistant
Undersecretary for Labour Protection
at MoHRE, stated: “This partnership
demonstrates MoHRE’s ongoing dedication
to protecting workers’ rights. By
extending our wage protection services
through e& money in its initial phase,
we are bringing the WPS to domestic
workers in accordance with current
and AED 1.089 trillion in May. Customer
transfers surpassed AED 3.834 trillion
over the same period. These included
AED 677.65 billion in January, AED
649.48 billion in February, AED 791.31
billion in March, AED 879.94 billion
in April, and AED 836.16 billion in
May. Cheque transactions remained
significant, with the value of cheques
cleared through systems reaching AED
603.16 billion across nearly 9.6 million
cheques during the five-month period.
MoHRE and e& Money Collaborate to Expand
Wage Protection Services
regulations. Melike Kara, CEO of e&
money, commented: “At e& money,
we aim to develop financial solutions
that genuinely improve people’s lives,
enhance financial well-being, and
promote inclusive economic growth.
20 www.thefinanceworld.com September 2025
UAB Secures AED 1.03 Billion Through Oversubscribed Rights Issue
United Arab Bank (UAB), listed
on the Abu Dhabi Securities
Exchange (ADX), has successfully
completed its capital increase
through a Rights Issue, concluding
on July 29, 2025. The offering raised
AED1.031 billion, increasing the bank’s
issued capital from AED2.062 billion
to AED3.093 billion. Priced at AED1
per share, the newly issued shares
were fully approved by all regulatory
Emerge and EDB Join
Forces for UAE Solar
Growth
Emerge, the joint venture between
Masdar and France’s EDF
Group, has signed a Memorandum
of Understanding (MoU) with
Emirates Development Bank (EDB) to
collaborate on developing and financing
distributed solar energy projects
throughout the UAE. The agreement
reinforces both entities’ commitment
to supporting the country’s energy
transition and industrial competitiveness.
Under the agreement, Emerge
will identify potential solar projects
and present them to EDB for evaluation.
EDB will, in turn, assess viable
opportunities and explore bespoke
financing solutions tailored to accelerate
implementation.The partnership is
a strategic move in line with the UAE’s
2050 Net Zero goals. By providing
access to tailored financing and technical
solutions, EDB is reinforcing its
role as a key catalyst in the country’s
renewable energy ecosystem. The bank
continues to empower businesses and
entrepreneurs to adopt clean energy
practices, fostering long-term sustainability
and industrial innovation
across the UAE.
authorities. The Rights Issue was
oversubscribed, signalling strong investor
confidence in UAB’s turnaround
strategy and growth outlook. The
bank confirmed that proceeds will be
used to reinforce its capital base and
support future business expansion.
This marks a significant financial
milestone, aligning with UAB’s ongoing
efforts to enhance performance and
stakeholder value.
ADNOC Gas Secures 10-Year LNG Supply Deal with
India’s HPCL
ADNOC Gas plc and its subsidiaries
have signed a 10-year Heads of
Agreement with Hindustan Petroleum
Corporation Limited (HPCL)
for the annual supply of 0.5 million
metric tonnes of LNG. This deal further
extends the company’s reach in
the high-demand Asian LNG market.
The agreement highlights ADNOC Gas’
increasing role as a dependable global
LNG supplier and reinforces its longterm
commitment to the Indian energy
sector. With this third deal involving
Dubai Financial Market (DFM)
posted exceptional results for the
first half of 2025, achieving a net
profit before tax of AED777.1 million,
marking a 298% increase compared to the
same period in 2024. This performance
reflects strong investor confidence,
elevated trading volumes, and deepening
market participation amid Dubai’s
expanding role in global finance. DFM’s
consolidated revenue surged 191% yearon-year
to AED888.9 million, driven by
higher operating income, solid investment
returns, and one-off income from the
Indian entities in the past year, following
agreements with Indian Oil Corporation
and GAIL India Limited, the UAE
continues to deepen strategic energy
partnerships with India. The LNG for
this agreement will be sourced from
ADNOC Gas’ Das Island facility, which
boasts a production capacity of 6 mmtpa.
This site has remained operational
for decades and has dispatched over
3,500 LNG shipments, positioning it
among the world’s longest-running
liquefaction plants.
DFM Sees 298% Growth, AED 777.1 Million H1
Profit
sale of investment property. Q2 2025
revenue alone reached AED702.5 million,
significantly up from AED157.6 million in
Q2 2024. Correspondingly, Q2 net profit
before tax stood at AED642.2 million,
a sharp rise from AED99.8 million the
previous year. The DFM General Index
rose 10.6%, signalling continued investor
trust in Dubai’s capital markets. Market
capitalisation also grew 9.7% to AED995
billion. During H1 2025, average daily
traded value (ADTV) rose 75% to AED692
million, with total traded value climbing
to AED85 billion.
September 2025 www.thefinanceworld.com 21
Infographic
UAE as A Global Capital Gateway
In 2024, the UAE’s foreign direct investment (FDI) grew 48.5%
to reach $45.6 billion, making it one of the top 10 global
FDI destinations and leading in the Middle East.
UAE FDI by Economic Sector (2024-2025)
Sector Distribution:
Other Sectors:
Value: ~$6.4bn
Wholesale & Retail Trade:
Value: ~$11.9bn
26%
14%
7%
Manufacturing:
Value: ~$3.2bn
8%
Mining & Quarrying:
Value: ~$3.6bn
Real Estate:
Value: ~$10.9bn
24%
21%
Finance & Insurance:
Value: ~$9.6bn
UAE FDI Annual Progression:
2020
$19.9 billion
2021
$20.7 billion
(+3.9% growth)
2022
$22.7 billion
(+10% growth)
2023
$30.7 billion
(+35% growth)
2024
$45.6 billion
(+48.5% growth)
22 www.thefinanceworld.com September 2025
Key Milestones:
The UAE’s investment landscape has
seen remarkable progress over the past
four years, underscoring its emergence
as a global capital magnet.
2023
2024
2022
Ranked 10th
globally,
maintained 2nd
place in
greenfield
projects
2021
Achieved
highest FDI in
history at that
time
Ranked 11th
globally, 2nd in
greenfield
projects
UAE ranked
19th globally for
FDI inflows
Growth Trajectory Markers:
Cumulative FDI Stock:
Reached $270.6 billion in 2024.
CAGR:
10.5% compound annual growth
since 2015.
Global Fund Exposure:
UAE representation in Global Emerging
Markets (GEM) funds doubled
from 35% (2021) to 65% (2025).
UAE Stock Markets:
DFM & ADX exceeded $1 trillion in
market capitalization by end of 2024.
Global Share:
UAE accounts for 37% of all
MENA region FDI.
September 2025 www.thefinanceworld.com 23
Cover Story
Shaping
Next Generation
Dubai Living
24 www.thefinanceworld.com September 2025
September 2025 www.thefinanceworld.com 25
Cover Story
Wadan Developments represents a calculated response to Dubai’s evolving residential market, where CEO
Salah Udin identified a critical opportunity in the premium segment: the absence of truly integrated
wellness-technology living experiences that address how modern residents actually live. Headquartered
in Downtown Dubai, the company emerged in 2025 with a clear mission to redefine luxury residential development
through substance over spectacle.
The company’s debut project, Nuvana by Wadan on Dubai Islands, comprises just 56 exclusive residences
priced from AED 1.6 million. The company’s philosophy of ‘Vision Beyond Luxury” demonstrates how developers
can establish market presence through authentic differentiation, addressing buyer psychology and lifestyle
aspirations rather than simply delivering impressive specifications.
As Dubai’s real estate market matures, Wadan’s approach suggests a new paradigm where substance over
spectacle defines premium residential development.
Exclusive Interview with FinanceWorld
Q: What gap in Dubai’s property
market led Wadan Developments to
launch now?
We identified a compelling opportunity
in Dubai’s real estate landscape where
traditional developers weren’t fully addressing
the evolving needs of modern
residents. Despite the city’s continued
growth and development activity, we
observed a notable gap in premium,
technology-integrated, wellness-focused
residences that truly understood contemporary
living requirements.
Our market analysis revealed widening
disparities between primary off-plan
sales prices and secondary market values,
particularly in established areas like JLT,
Dubai Marina, and Business Bay. These
pricing gaps indicated fundamental market
shifts and evolving investor sentiment
that presented strategic opportunities for
developers with differentiated approaches.
More importantly, we observed buyers
increasingly seeking integrated communities
that offer holistic living environments
rather than just residential units. Modern
purchasers wanted developments that
seamlessly blend smart technology, wellness
amenities, and sustainable design as
standard offerings, not luxury add-ons.
This represented a fundamental shift in
Wadan isn’t just
a home; it’s an
intelligent, well-beingfocused
lifestyle.”
26 www.thefinanceworld.com September 2025
buyer psychology toward experiential living
that the market hadn’t fully embraced.
Q: How does Wadan’s wellness philosophy
reshape residential living
experiences?
Our wellness-centered approach fundamentally
reimagines how residential spaces
support human health and wellbeing,
moving beyond superficial amenities to
create environments that actively promote
physical and mental wellness.
Dedicated wellness lounges within
each residence provide retreat spaces
for meditation, yoga, or quiet reflection,
while landscaped green spaces throughout
the development offer communal areas
for relaxation and social connection. The
proximity to pristine beaches and outdoor
recreational facilities encourages active
lifestyle choices as integral components
of daily routines rather than occasional
activities.
Our integrated wellness technology includes
advanced air purification systems
that maintain optimal indoor air quality,
aromatherapy integration that can be customized
to individual preferences, and
circadian lighting that naturally regulates
sleep-wake cycles by mimicking natural
light patterns throughout the day.
This comprehensive wellness integration
extends beyond individual residences to
community design, fostering environments
where healthy living becomes effortless
rather than requiring conscious effort. Residents
experience improved sleep quality,
enhanced mood stability, and increased
energy levels as natural outcomes of their
living environment rather than requiring
separate wellness investments or lifestyle
modifications.
Q: How does technology integration
create truly intelligent living environments?
Our technology philosophy centers on
creating invisible intelligence that anticipates
needs rather than requiring constant
user interaction or management.
AI-powered smart home systems learn
individual lifestyle patterns, automatically
adjusting climate control, lighting, security,
and entertainment settings based
on occupancy patterns, time of day, and
personal preferences.
The AI-powered Wadan App serves
as the central nervous system for each
residence, providing predictive maintenance
alerts before issues arise, hyper-personalized
experience recommendations
based on usage patterns, and seamless
communication with dedicated concierge
services. This system learns from resident
behavior to optimize energy efficiency,
security protocols, and comfort settings
without requiring manual programming
or adjustment.
Wadan’s Vision
Beyond Luxury’ is about
creating a holistic
living experience that
nurtures body, mind,
and lifestyle through
innovation, wellness,
and design.”
’
Security integration operates through
our AI Security System, offering intelligent
detection capabilities including
facial recognition for authorized access,
behavioral analysis for unusual activity
patterns, and smart monitoring for people
and vehicles. These systems enhance
safety while maintaining privacy through
advanced encryption and local processing
that keeps personal data secure.
This approach creates living environments
that adapt to residents rather than
requiring residents to adapt to technology,
delivering authentic smart living experiences
that enhance daily life quality
through seamless, intelligent automation.
September 2025 www.thefinanceworld.com 27
Cover Story
Key Highlights:
Location:
Dubai Islands
Price Range:
Starting from AED 1.6M
Configurations:
1, 2, & 3-bedroom homes
Total Units:
57 exclusive residences
Completion:
Expected in Q3 2027
Size Range:
950 to 2,150 sq ft
28 www.thefinanceworld.com September 2025
Located in Dubai Islands
September 2025 www.thefinanceworld.com 29
Cover Story
We bring more than just
promises, we bring our
own machinery, our
own resources, and the
confidence that comes
with complete control
over every aspect of
construction.”
residential innovation, generating conversation
and validation opportunities
that enhance their ownership experience
beyond operational convenience.
The fear of missing out on technological
advancement also drives decision-making.
Buyers increasingly worry that traditional
luxury properties without integrated
smart systems will become obsolete or
lose value as technology becomes the
new standard.
Q: Against real estate giants, what
competitive edge does Wadan claim?
Our competitive strategy operates on
fundamentally different principles than
integration from construction through
lifestyle curation. We bring our own machinery,
resources, and comprehensive
construction capability to every project.
This independence eliminates the delays,
quality variations, and coordination
challenges that plague traditional development
models. When projects require
acceleration or problem-solving, we move
immediately rather than negotiating with
external contractors or waiting for equipment
availability. Our in-house construction
arm, Autolink Contracting, brings
extensive experience from major projects
including FIFA World Cup 2022 stadiums
in Qatar, Doha Metro, and Katara Towers.
Q: What is the core business case for
Wadan’s technology adoption strategy?
Our technology integration strategy is
fundamentally rooted in understanding
buyer psychology rather than pursuing
efficiency gains or simple product differentiation.
We recognize that technology
adoption decisions are primarily driven
by emotional and aspirational factors:
social proof, perceived modernity, and the
desire to signal innovation and relevance.
Buyers today make residential choices
that reflect their identity and lifestyle
aspirations. When they see AI-powered
smart home systems, advanced security
features, or integrated wellness technology,
they’re not just evaluating functional
benefits.
Residents experience pride in owning
homes that represent the cutting edge of
traditional large-scale developers, focusing
on emotional resonance and psychological
differentiation rather than scale and
volume metrics.
Our global buyer orientation targets
overseas communities, digital nomads,
and culturally fluid buyers rather than just
traditional luxury investors or regional
purchasers. This strategy opens broader,
more emotionally invested capital pools
that value unique experiences over conventional
prestige markers.
Q: How does Wadan’s integrated construction
and lifestyle delivery model
ensure exceptional execution?
At Wadan, we fundamentally reject
the industry standard of dependency
on third-party contractors and rental
equipment, maintaining complete vertical
Q: What underpins Wadan’s confidence
in Dubai Islands as a strategic location
choice?
Dubai Islands represents the optimal convergence
of future value creation potential
and current market accessibility for our
target buyer segment. Dubai Islands provides
access to 21 kilometers of pristine
coastline within a master plan spanning
significant development scope, creating
an emerging lifestyle destination rather
than just another residential location.
This transformation trajectory aligns
perfectly with our buyers’ investment
psychology, where they seek participation
in Dubai’s next growth phase rather
than paying peak premiums for mature
markets.
This location choice reflects our broader
philosophy of identifying emerging
30 www.thefinanceworld.com September 2025
opportunities rather than competing in
oversaturated markets, enabling us to
deliver superior value propositions while
establishing leadership positions in Dubai’s
next premium residential destinations.
Q: Beyond Nuvana, how does Wadan
envision expanding its development
pipeline?
Our expansion strategy prioritizes depth
over breadth, focusing on establishing
Wadan as the definitive wellness-tech residential
brand within Dubai’s premium
market before considering geographic
diversification. This approach ensures
we perfect our integrated construction
and lifestyle delivery model while building
strong brand recognition and buyer loyalty.
Given our boutique positioning with
Nuvana’s exclusive 56-residence limitation,
future projects will maintain this
commitment to exclusivity and personalized
attention rather than pursuing
volume-driven growth, integrating our
wellness-technology philosophy.
Company Highlights:
Countries Operating in:
Wadan’s Construction Arm, Autolink
Contracting (ALC) has been involved in
major projects across Qatar, Pakistan,
and Afghanistan, including the FIFA
World Cup 2022 stadiums in Qatar, Doha
metro, Katara Towers, and luxury hotels
under brands like Radisson Blu, Hilton,
and Rotana.
Property Highlights:
Key Amenities:
• AI-powered smart home systems
• Infinity-edge pool with sea views
• Wellness lounge and green spaces
• Direct marina and beach access
• Premium materials and finishes
• Fully furnished and fitted
Brand Positioning:
• Innovative
• “Vision Beyond Luxury”
• Boutique luxury segment
• Wellness-tech convergence
Location:
• 21 km of Dubai Islands coastline
• Connectivity to DXB Airport
• Close to beaches, resorts & shopping
• New AED5.3B Shindagha Corridor
Bridge (2026)
September 2025 www.thefinanceworld.com 31
Investment
Source: Ai generated
Traders and investors at Abu Dhabi Securities Exchange reflect its growing role in regional capital markets.
Abu Dhabi Securities
Exchange: The Rising
Powerhouse of Regional
Capital Markets
Abu Dhabi Securities Exchange is Transforming
into a Regional Powerhouse, Driving Innovation
and Connectivity.
The Abu Dhabi Securities Exchange
(ADX) has emerged as one of the most
influential platforms in the region’s financial
ecosystem, underpinned by strong
regulatory oversight, technology adoption,
and ambitious listing strategies. In recent
years, ADX has witnessed remarkable
growth, attracting both regional and international
investors seeking stability
and opportunity. Its rise aligns with Abu
Dhabi’s broader economic diversification
agenda, channelling capital into sectors
beyond oil while fostering innovation and
sustainability. As the exchange continues
to strengthen market infrastructure and
investor confidence, it plays a pivotal role
in shaping the UAE’s ambition to become
a global capital markets powerhouse.
32 www.thefinanceworld.com September 2025
The Abu Dhabi Securities Exchange
(ADX) has emerged as
one of the Middle East’s most
dynamic financial platforms, rapidly
gaining prominence among regional
and international investors. Over the
past few years, ADX has undergone
a significant transformation, marked
by regulatory reforms, technology
integration, and an ambitious listing
strategy designed to attract both institutional
and retail participation. This
evolution has positioned the exchange
not only as a vital pillar of the UAE’s
economy but also as a leading regional
hub capable of competing with global
capital markets.
The resilience of ADX lies in its ability
to adapt to global financial trends
while catering to the region’s economic
diversification agenda. From enhancing
market liquidity to introducing innovative
financial products, the exchange
has created an ecosystem that fosters
investor confidence. The integration
of new technologies, investor-friendly
regulations, and strategic partnerships
has enabled ADX to strengthen its
position as a growth engine for capital
markets across the GCC.
Expanding Listings and Diversifying
Offerings
One of the most visible drivers of ADX’s
growth has been the increasing number
of high-profile listings. State-owned
enterprises and private corporations
have chosen the exchange to raise
capital, leveraging its growing depth
and visibility. Initial public offerings
(IPOs) on ADX have attracted significant
oversubscriptions, demonstrating
strong appetite from local, regional,
and global investors.
These listings span diverse sectors
including energy, financial services,
healthcare, and logistics, aligning with
Abu Dhabi’s broader vision of building
a diversified economy. By providing
access to world-class companies, ADX
has elevated its profile as a platform
that connects investors to long-term
growth opportunities. The inclusion of
exchange-traded funds (ETFs), derivatives,
and fixed-income instruments
further enriches the market, making
it more competitive with established
exchanges in Europe and Asia.
Technology as a Growth Catalyst
Technology has played a central role
in ADX’s transformation. The adoption
of advanced trading infrastructure has
streamlined transactions, enhanced
transparency, and reduced settlement
times. The exchange has embraced digital
platforms to expand accessibility,
enabling retail investors to participate
more easily while also meeting the
demands of institutional players.
Moreover, ADX has actively explored
blockchain and artificial intelligence
applications in market operations,
aiming to increase efficiency and bolster
trust. Partnerships with global
technology providers have further
strengthened its digital ecosystem,
ensuring alignment with international
best practices. These initiatives demonstrate
ADX’s forward-looking approach
to building a financial marketplace that
is future-ready.
Strengthening Regional and International
Connectivity
ADX’s rise has also been fuelled by its
integration with regional and global
capital markets. Cross-listings and
strategic collaborations have expanded
its reach, creating opportunities for
greater capital inflows. The exchange
has partnered with other GCC bourses to
encourage dual listings and strengthen
liquidity, while also building alliances
with international exchanges to attract
foreign capital.
This connectivity supports Abu
Dhabi’s vision of positioning itself as
a global financial centre. By providing
investors with seamless access to regional
assets, ADX has helped to bridge
the gap between the Middle East and
global markets. Foreign investor participation
continues to grow, supported
by transparent regulatory frameworks
and competitive transaction costs,
reinforcing the exchange’s reputation
as a trusted marketplace.
Regulatory Reforms and Investor
Confidence
Regulation has been a cornerstone of
ADX’s success. The UAE’s financial
authorities have implemented reforms
that prioritise investor protection, market
integrity, and transparency. These
measures have enhanced governance
standards and boosted investor confidence,
both critical for sustainable
growth.
The introduction of new corporate
governance codes, disclosure
The Abu Dhabi Securities
Exchange is a key
driver of economic
diversification, fostering
sustainable growth and
enhancing the UAE’s
position as a global
financial hub.”
H.E. Mohamed Hadi Al Hussaini, Minister
of State for Financial Affairs
requirements, and risk management
frameworks has positioned ADX as a
leader in compliance and accountability.
Such initiatives not only meet international
standards but also attract global
institutional investors who demand
stability and predictability in financial
markets. This commitment to regulatory
excellence has been instrumental in
reinforcing Abu Dhabi’s credibility as
a safe investment destination.
The Road Ahead
The exchange’s emphasis on digitalisation
and innovation will remain crucial
in attracting younger generations of
investors and ensuring inclusivity.
At the same time, partnerships with
global institutions will further integrate
ADX into the international financial
ecosystem, making it a gateway for
capital flows into the region.
The Abu Dhabi Securities Exchange
has undergone a remarkable transformation,
evolving into a leading force
in regional capital markets.
September 2025 www.thefinanceworld.com 33
Global News
Sharjah Chamber Reinforces Strategic Economic Partnership with Pakistan
The Sharjah Chamber of Commerce
and Industry (SCCI) has reaffirmed
its dedication to furthering
economic ties between Sharjah and
Pakistan, highlighting the longstanding
and robust relationship between
the UAE and the Islamic Republic of
Pakistan. The SCCI emphasized its
commitment to evolving these relations
into a new phase of strategic economic
partnership. This growth is supported
by the foresight of both countries’ leadership
and their successful business
communities, which have capitalized
on mutually beneficial investment opportunities.This
statement was made
during a business meeting hosted by the
Sharjah Chamber in collaboration with
the Pakistan Business Council at the
Sharjah Maritime Museum, coinciding
with the celebration of Pakistan’s Independence
Day. Al Owais pointed out that
this trade relationship is evolving into
a significant investment partnership,
with the UAE committing $10 billion
to high-potential sectors in Pakistan.
UAE Dominates Global Safety Rankings with Four
Cities in Top 10
Abu Dhabi has once again been
named the safest city in the
world, maintaining its top position
for the ninth consecutive year
since 2017, according to global data
platform Numbeo. The ranking reflects
the emirate’s advanced security
strategies, modern infrastructure, and
ongoing commitment to public safety. In
the same report, Ajman claimed second
place globally, while Dubai, Sharjah,
and Ras Al Khaimah also secured spots
in the world’s top 10 safest cities. Abu
Dhabi also ranked as the safest city
to walk alone at night, scoring 87 out
of 100 in a UK-based Travelbag study.
With well-lit streets, low crime rates,
and robust security measures, the city
offers residents and visitors a safe
environment for nighttime exploration.
UAE and Philippines
Boost Bilateral Trade
and Investment
Dr. Thain bin Ahmed Al Zeyoudi,
UAE Minister of Foreign Trade,
met with the Philippines Business
Council in the UAE to discuss
expanding bilateral private sector
relations. This follows the agreement
on a CEPA in July, designed to foster
deeper trade cooperation and investment
opportunities between the two
nations. The discussion focused on
enhancing business partnerships and
identifying areas for further collaboration
between the private sectors of
both countries. He also highlighted the
significant progress made in economic
relations between the UAE and the
Philippines, noting that non-oil trade
between the two countries reached
$257.7 million in Q1 2025.
ADNOC Named Sixth Most Valuable Energy Brand Worldwide
Abu Dhabi National Oil Company
(ADNOC) has secured
its position among the world’s
top energy companies, ranking sixth
globally in Brand Finance’s 2025 Energy
100 report. The report highlights
ADNOC’s impressive brand value, now
estimated at US$19 billion, a 25 percent
increase from the previous year,
reflecting the group’s growing international
influence and performance.
ADNOC’s 25% year-on-year brand value
increase underscores its successful
transformation into a forward-thinking
international energy company. The
report evaluates global energy brands
based on factors including marketing
investment, business performance, and
stakeholder perceptions.
34 www.thefinanceworld.com September 2025
Trump Confirms No Tariffs
on Gold Imports
US President Donald Trump
announced on Monday that
imports of gold to the United
States would not be subject to tariffs.
His post on social media stated, “Gold
will not be Tariffed!” The comment
eased concerns that had unsettled
investors in recent days.
Gold futures remained largely unchanged
after the statement, though
the metal’s prices had declined earlier
on Monday. Traders had been watching
closely for policy clarification amid
mixed signals from Washington. Last
week, the White House said it would
introduce a new policy to determine
if gold bars would face duties. This
move followed a ruling by a US government
agency suggesting that such
imports could be taxed. The decision
had triggered market confusion and
volatility, with investors seeking clarity
on trade rules.
Italian Firm G&G
Establishes Regional
Base in RAK
G&G Composite, a leading Italian
manufacturer of advanced
composite and carbon fibre
components, is establishing its regional
operations in Ras Al Khaimah. The
family-owned company has leased over
10,000 ft² in the Al Hamra Industrial
Zone within Ras Al Khaimah Economic
Zone (RAKEZ) to serve markets across
the UAE and the wider region. The
lease signing took place at Compass
Coworking Centre in the presence of
G&G Composite President, CEO, and
Co-founder Stefano Asuni, alongside
RAKEZ Group CEO Ramy Jallad. The
facility is scheduled to become fully
operational in September and will
produce high-performance composite
components for industries including
automotive, motorsports, hypercars,
maritime, defence, aerospace, and
luxury interiors.
UAE Supplies Over Half of Japan’s Crude Oil Imports
in June 2025
The United Arab Emirates provided
52.1% of Japan’s total crude oil
imports in June 2025, delivering
over 31 million barrels, according to
official data released by Japan’s Agency
for Natural Resources and Energy
under the Ministry of Economy, Trade
and Industry. The data shows that
Japan’s total crude oil imports for the
month stood at 59.6 million barrels. Of
this volume, 97.7%, amounting to 58.2
million barrels, was sourced from Arab
countries, underscoring the continued
dominance of the Gulf region in Japan’s
energy supply chain. The UAE remains
a key strategic energy partner for Japan,
reinforcing the depth of bilateral
relations and energy interdependence.
CBUAE and Bank of South Sudan Boost
Cooperation
The Central Bank of the UAE
and the Bank of South Sudan
have signed a Memorandum of
Understanding (MoU) aimed at enhancing
cooperation in several critical
financial areas, including security printing,
payment systems, and technical
training. The MoU signing ceremony
was attended by Sheikh Shakhbout bin
Nahyan Al Nahyan, Minister of State
in the Ministry of Foreign Affairs, and
Benjamin Bol Mel, Vice President of
South Sudan. It was signed on behalf
of the Governor of the Central Bank
of the UAE by Saif Humaid Al Dhaheri,
Assistant Governor for Banking
Operations and Support Services at
the Central Bank of the UAE, and Dr.
Addis Ababa Otto, Governor of the
Bank of South Sudan.
Santos Extends Due Diligence Period for $18.7
Billion ADNOC-led Bid
Australia’s Santos announced
that it has extended the period
of exclusive due diligence
for an international consortium led
by Abu Dhabi National Oil Company
(ADNOC). The offer, valued at $18.7
billion, targets Australia’s second-largest
gas producer. The new deadline for
the due diligence process is August 22.
The proposal, first revealed in mid-
June, includes ADNOC’s investment
arm XRG, Abu Dhabi Development
Holding Company (ADQ), and private
equity firm Carlyle. The consortium
had offered $5.76 (A$8.89) per Santos
share. XRG is now close to securing
a deal that would provide stakes in
significant operations across Australia
and Papua New Guinea, subject to regulatory
approval. Santos has already
voiced its support for the acquisition.
September 2025 www.thefinanceworld.com 35
Interview
MANOJ SUREKA
CEO & Managing Partner,
Synergy Fin. Consulting
36 www.thefinanceworld.com September 2025
Dubai: A Magnet for Global
Millionaires
Manoj Sureka, CEO & Managing Partner, Synergy Fin. Consulting is a recognised leader in the finance and investment sector.
Manoj has built a strong reputation for his strategic foresight and ability to foster sustainable business growth.
Prior to Synergy, he served as Head of Commercial Banking at RAKBANK and held key roles at institutions including
Mashreq Bank and National Bank of Fujairah. He also serves as a board member and mentor to several companies across
diverse industries.
At Synergy Fin. Consulting, the firm provides end-to-end fundraising advisory services through private equity, debt, and
trade finance solutions. Their clientele includes SMEs and corporates seeking capital through banks, financial institutions,
sovereign wealth funds, and other institutional investors. Synergy also offers specialised advisory services in mergers and
acquisitions and joint ventures.
Exclusive Interview
Why is Dubai attracting such a large
number of millionaires from around
the world?
Dubai offers a unique blend of safety,
tax efficiency, lifestyle, and business
opportunities. In the current global climate,
where high-tax regimes, political
uncertainty, and economic slowdown are
pushing wealthy individuals out of the
UK, Europe and parts of Asia, the UAE
provides stability, world-class infrastructure,
and a future-focused vision.
It’s not just about luxury; it’s about
wealth preservation, freedom of capital
movement, and access to fast-growing
markets.
What role does taxation play in this
migration trend?
The absence of personal income tax
and capital gains tax in the UAE is a
game-changer for high-net-worth individuals
(HNWIs).
Hence, zero personal tax and corporate
tax is very nominal at 9%. Tax efficiency
is the magnet, but stability, lifestyle,
and opportunity are the glue that keeps
wealthy families anchored in Dubai.
How does this influx impact the UAE’s
property and investment markets?
We’re seeing direct impact already. Luxury
property sales in Dubai hit record highs
in 2024, with multi-million dirham villas
and branded residences being snapped
up by global investors.
Beyond real estate, HNWIs are channeling
funds into private equity, startups,
and alternative assets. The real story isn’t
just about millionaires moving to Dubai,
it’s about how their presence is reshaping
real estate, finance, and entrepreneurship.
What industries stand to benefit the
most from this millionaire migration?
Real estate is the most visible winner,
but the ripple effect goes further. Hospitality,
private banking, fintech, family
offices, and even education are seeing
demand rise. Wealthy families are not
just buying homes, they’re setting up
companies, buying existing businesses
and using Dubai as a base to access Asia,
Africa, and Europe. Dubai is transforming
into both a lifestyle hub and a financial
powerhouse.
Every millionaire who relocates brings
not just wealth, but networks, businesses,
and opportunities that ripple across the
UAE economy.
Dubai’s magnet effect is not a short-term trend, it’s part of a
larger shift in global wealth flows.
September 2025 www.thefinanceworld.com 37
Wheels
All-New McLaren 750S
Redefines Supercar
Performance
38 www.thefinanceworld.com September 2025
332 km/h
Top Speed
800 Nm
Torque
740 Hp
Horsepower
McLaren has unveiled the 750S,
its latest flagship supercar, setting
a new benchmark in lightweight
engineering and raw performance.
Building on the legacy of the 720S, the
750S introduces extensive refinements,
with nearly a third of its components
newly developed, making it McLaren’s
lightest and most powerful series-production
model to date. The car delivers
an exhilarating top speed of 332 km/h,
powered by a twin-turbocharged 4.0-litre
V8 engine producing 740 bhp and 800 Nm
of torque, launching from 0 to 100 km/h
in just 2.8 seconds.
The exterior design, while retaining
the fluid lines of its predecessor, adopts a
more aggressive stance through a reprofiled
front splitter, new bumpers, larger
intakes, and a re-engineered active rear
wing. A centre-exit exhaust system derived
from the 765LT amplifies its distinctive
character, blending aerodynamic efficiency
with a dramatic visual appeal. The result is
a supercar that combines heritage styling
cues with advanced aerodynamics, ensuring
maximum stability and downforce
at high speeds.
Inside, the 750S continues McLaren’s
philosophy of minimalism with a cockpit
built around the driver. A new interface
integrates steering-linked displays and
simplified controls, with toggle switches
for performance modes positioned within
easy reach. Retaining the brand’s focus
on pure driving engagement, the steering
wheel remains uncluttered, while
lightweight materials and Alcantara
finishes contribute to a racing-inspired
atmosphere. A unique feature is the inclusion
of personalised drive mode recall,
activated through a roof-mounted button
marked with a kiwi bird emblem that
honours founder Bruce McLaren.
Technologically advanced yet driver-focused,
the 750S features a dual-clutch
7-speed gearbox for seamless shifts,
adaptive suspension for uncompromised
handling, and advanced braking for precise
control. The chassis, weighing just 1,326
kg in its lightest configuration, contributes
to a best-in-class power-to-weight
ratio. Practicality, though secondary in
a car of this calibre, is not overlooked,
with features such as a digital infotainment
system supporting Apple CarPlay
and Android Auto, as well as dual-zone
climate control for comfort.
The McLaren 750S arrives as more
than just the successor to the 720S. It
represents the pinnacle of McLaren’s V8
era, combining raw power with driver
engagement and technological innovation.
Positioned as a supercar that balances
track-ready performance with road-going
usability, it exemplifies the marque’s
dedication to evolution without compromise.
For enthusiasts and collectors, the
750S is a defining statement of modern
automotive engineering.
September 2025 www.thefinanceworld.com 39
Real Estate
Source: Ai generated
Al Jaddaf’s growing skyline highlights its transformation into Dubai’s emerging hub for affordable freehold living.
Dubai’s Freehold
Expansion: Is Al Jaddaf
Emerging as the City’s
Next Affordable Hub
Dubai’s Freehold Expansion is Reshaping the
Property Market, with Al Jaddaf Rising as a
Promising Affordable Hub.
Dubai’s dynamic real estate market continues
to evolve with its ambitious freehold
expansion, creating new opportunities
for both investors and residents. While
premium neighbourhoods such as Downtown
and Dubai Marina have traditionally
dominated attention, Al Jaddaf is steadily
emerging as a district that combines
affordability, accessibility, and growth
potential. Situated along Dubai Creek and
strategically connected to major business
and leisure hubs, the area offers compelling
value for buyers seeking centrality
without the high cost. As government
reforms strengthen investor confidence
and developers respond with mid-market
offerings, Al Jaddaf is positioning itself
as a key player in Dubai’s next phase of
urban and residential growth.
40 www.thefinanceworld.com September 2025
Dubai’s property market continues
to evolve with the city’s commitment
to expanding freehold
ownership, offering greater opportunities
for both local and international
investors. Among the areas witnessing
heightened interest, Al Jaddaf has been
attracting attention for its affordability,
strategic location, and increasing connectivity.
Traditionally overshadowed
by more established neighbourhoods,
the district is now positioning itself as
a promising hub for buyers and investors
seeking value-driven real estate
options. As Dubai’s growth trajectory
aligns with its vision of long-term urban
expansion, Al Jaddaf could play
a pivotal role in shaping the emirate’s
residential landscape.
The Growth Appeal of Al Jaddaf
Al Jaddaf’s transformation has been
remarkable. Once a relatively quiet
district, it has evolved into a fast-developing
neighbourhood that bridges
old and new Dubai. Located along the
western banks of the Dubai Creek,
the area offers excellent connectivity
to Business Bay, Downtown Dubai,
and Dubai International Airport. Its
central location is one of its strongest
advantages, attracting both residents
and investors seeking convenience
without the premium costs of prime
neighbourhoods.
In addition, the district benefits from
continuous infrastructure investment.
The expansion of the Dubai Metro’s
Green Line, improved road networks,
and proximity to major highways
enhance its appeal. Developers have
capitalised on this by introducing midrange
residential projects, offering
competitive price points compared to
neighbouring areas.
Affordable Opportunities in a
Rising Market
Dubai’s real estate market has witnessed
record-breaking sales volumes in recent
years, with a clear trend towards
both luxury and mid-market segments.
While established communities like
Downtown and Dubai Marina dominate
the luxury spectrum, districts such as
Al Jaddaf are gaining prominence for
offering affordability without compromising
connectivity.
The average property prices in Al
Jaddaf remain significantly lower than
central districts, allowing first-time
buyers and young families to enter
the market with relatively modest
budgets. Investors are also recognising
the potential for capital appreciation
as demand rises. Rental yields in the
area remain competitive, supported by
its central location and appeal to professionals
seeking affordable housing
near business districts.
A Balanced Lifestyle Proposition
Affordability is not Al Jaddaf’s only
selling point. The district’s development
strategy emphasises liveability,
combining residential, cultural, and
commercial elements. Proximity to
Dubai Healthcare City and educational
institutions adds to its attractiveness
for families, while leisure destinations
along Dubai Creek offer lifestyle benefits.
The presence of hotels, serviced
apartments, and cultural landmarks
such as the Mohammed Bin Rashid
Library further diversify its appeal.
The expansion of Dubai’s
freehold areas reflects our
commitment to enhancing
investment opportunities
and providing affordable,
well-connected
communities for residents
and investors alike.”
H.E. Abdulla bin Touq Al Marri, Minister of
Economy
The mix of mid-range residential
towers, waterfront developments, and
community-centric amenities reflects
Dubai’s broader urban vision of creating
integrated neighbourhoods. By
striking a balance between affordability
and lifestyle offerings, Al Jaddaf is
increasingly positioned as a long-term
residential destination rather than a
transient housing option.
Investor Sentiment and Future
Growth
Investor sentiment towards Al Jaddaf
has been strengthening, buoyed by
Dubai’s overall market momentum and
the government’s focus on sustainable
urban development. The availability
of freehold properties in the district
has been a game-changer, widening
access for expatriates and overseas
buyers. Given Dubai’s record population
growth and the rising demand for
centrally located housing, Al Jaddaf is
set to benefit from sustained interest.
Future growth is also supported by
planned projects that integrate retail,
hospitality, and recreational facilities
into the district. As developers continue
to recognise demand in the mid-market
segment, Al Jaddaf is likely to see
more diversified offerings that appeal
to a broad demographic. The district’s
long-term prospects are further enhanced
by its location within Dubai’s
wider economic and infrastructural
development plans.
Challenges and Considerations
Despite its growing appeal, Al Jaddaf
faces challenges that could impact its
trajectory. Competition from other
emerging districts such as MBR City,
Dubai South, and Jumeirah Village
Circle may influence buyer preferences.
Additionally, maintaining the balance
between affordability and quality of
construction will be critical for sustaining
investor trust. Infrastructure
development, while promising, must
keep pace with the growing residential
demand to ensure the district’s longterm
liveability.
Market analysts caution that while
Al Jaddaf offers affordability today,
sustained demand could drive prices
upwards, potentially diminishing its
competitive edge. For buyers, early
investment may be best opportunity to
capitalise on current market conditions
before price adjustments occur.
September 2025 www.thefinanceworld.com 41
Real Estate News
Nakheel Awards AED 2.6B Contract for Bay Villas at Dubai Islands
Nakheel has awarded a AED 2.6
billion (USD 708 million) contract
to Fibrex Contracting for the
development of the Bay Villas community
on Dubai Islands. This premium
waterfront project will encompass 636
luxury units across five categories,
including Townhouses, Semi-detached
Villas, Garden Villas, Waterfront Villas,
and Beachfront Villas. Residents will
benefit from exclusive beach access,
landscaped parks, a beach club, three
pool houses, and well-integrated lifestyle
amenities. The modern architectural
approach blends traditional wooden
finishes and arabesque details with
natural light to evoke Dubai’s heritage.
Positioned across five islands featuring
over 59 km of waterfront and 20 km
of beaches, Dubai Islands reflects Nakheel’s
vision of elevated, resort-style
island living close to Downtown and
the airport. This major contract marks
one of the most significant residential
developments in Dubai this year.
Saudi Arabia Clears
Digital ID Use for
Foreign Property
Ownership
Saudi Arabia’s Cabinet has approved
using a digital identification
system to enable non-Saudi,
non-resident foreigners to own property
in the Kingdom. This forward-looking
measure, coordinated by the General
Real Estate Authority along with the
Ministry of Interior, the Saudi Data and
AI Authority, and other bodies, will be
activated before the Non-Saudi Real
Estate Ownership Law takes effect
in January 2026. Under regulations,
foreign buyers must obtain a digital ID
via the Absher platform, open a Saudi
bank account, and secure a local mobile
number prior to purchasing or using
real estate. The rollout includes formal
mechanisms for ownership and usufruct
rights. This reform aims to modernize
property transactions, enhance transparency,
and align with Vision 2030’s
goal of diversifying the economy and
attracting global investment.
Bluewaters Leads Apartment Sales amid Villa-
Oriented Suburban Demand
Dubai’s residential property market
continues to show strong
dynamics, with Bluewaters
Island leading premium apartment
sales driven by its iconic lifestyle
appeal and strategic location near
Dubai Marina. Demand for suburban
villas is fueling growth in community
projects offering spacious layouts and
family-friendly environments. Buyers
are shifting toward larger homes that
offer comfort and value, supported by
enhanced infrastructure and transport
links that make suburban living more
accessible and attractive. This trend
reflects a broader recalibration in
buyer preferences toward expansive,
serene communities combined with
good connectivity. As a result, developments
featuring villa-style units are
seeing rapid uptake, while Bluewaters
retains dominance in luxury apartments,
highlighting the varied needs within
Dubai’s market.
Prypco Rolls Out Instant AI Valuations for
Dubai’s Fractional Real Estate
Prypco, a UAE-based PropTech
firm, has partnered with Ovaluate
to launch a groundbreaking
instant valuation engine for fractional
real estate investments. This tool is
integrated into Prypco Blocks, the
DFSA-regulated platform for buying
fractional or full property shares in
Dubai. Powered by Ovaluate’s AI-driven
Automated Valuation Model, the system
generates accurate, regulator-approved
valuations in under 10 seconds. It
draws from real-time market data and
global valuation standards to ensure
transparency and impartiality. Prypco’s
founder underscored the critical
need for speed and trust in fractional
investing, saying that this capability
empowers investors with data-backed
insights instantly. The launch marks a
significant step toward democratizing
access to property markets, catering to
global investors by reducing barriers
to entry and enhancing confidence in
fractional ownership.
42 www.thefinanceworld.com September 2025
Dubai Sees Surge in Property Maintenance amid Sharp Residence Growth
Dubai has seen a notable spike
in demand for premium home
maintenance services, fueled
by booming growth in branded residential
properties. Sales of branded
units jumped 43 percent in 2024 to
over 13,000 transactions, while the
inventory now covers more than 132
developments and 43,000 units, a total
expected to more than double by
2030. Buyers of these residences are
willing to pay up to 69 percent more
than for non-branded counterparts,
and they expect services that uphold
the luxury standards of their homes.
To meet those expectations, firms like
Hitches & Glitches have invested in
smart platforms for real-time request
tracking, remote approvals, and digital
payments. Their home maintenance
arm now manages over 1,500 active
annual contracts valued at more than
AED 26 million, aligning top-tier service
with the elevated needs of branded
residency owners.
Sharjah Real Estate
Records Strong July
Performance
Sharjah’s real estate sector posted
a robust performance in July
2025, underlining the emirate’s
continued role as a competitive and
affordable alternative to neighbouring
markets. Official data revealed
notable activity across residential,
commercial, and industrial segments,
signalling healthy investor confidence.
Demand was particularly strong for
mid-range housing, which continues to
attract both local buyers and regional
investors seeking value-driven opportunities.
The emirate’s infrastructure
investments, coupled with regulatory
reforms that encourage property
ownership, have played a pivotal role
in boosting confidence. Sharjah’s positioning
as a family-friendly, cost-effective
environment is driving steady
inflows, while ongoing developments
in retail and community projects are
further enhancing the city’s real estate
profile.
Abu Dhabi’s Al Reem Island Property Market Sees
Renewed Demand
Abu Dhabi’s Al Reem Island
has emerged as one of the
capital’s most dynamic real
estate hotspots, with both investors
and end-users showing heightened
interest in residential and mixed-use
properties. The island’s appeal stems
from its prime waterfront location,
modern infrastructure, and lifestyle
offerings that combine leisure, retail,
and cultural attractions. Developers
have been quick to capitalise on this
Dubai’s commercial property market
continued to perform strongly in
July 2025, reflecting sustained investor
appetite for offices, retail spaces,
and mixed-use developments. According
to market figures, sales activity recorded
consistent growth across prime business
districts, driven by rising demand from
regional and international companies
establishing or expanding their presence
in the emirate. Dubai’s position as a
global hub for trade, and innovation has
demand by unveiling new projects
designed to meet the growing appetite
for premium living. Analysts note
that the area is becoming a preferred
destination for young professionals,
families, and overseas buyers seeking
long-term investment opportunities.
The upward trajectory in transaction
volumes highlights Abu Dhabi’s
broader strategy of positioning itself
as a resilient and attractive property
market in the region.
Dubai Commercial Property Sales Maintain
Momentum in July
reinforced its attractiveness for commercial
investors. Additionally, government-led
initiatives to diversify the economy and
support entrepreneurship have encouraged
more businesses to secure physical
space in the city. The upward trend also
underscores the resilience of Dubai’s
property sector, which continues to adapt
to business needs while maintaining its
reputation as one of the world’s most
sought-after destinations for commercial
real estate investment.
September 2025 www.thefinanceworld.com 43
Opinion
Louis Harding
CEO of Betterhomes
Dubai’s Branded
Residences Outperform
the Global Market with
Premiums Reaching
More than 100%
Dubai’s skyline is no stranger to
icons. But today, alongside the
towers that have defined its rise,
a new story is being written, one shaped
by some of the world’s most recognisable
names. From Bugatti and Mercedes-Benz
to Armani and Six Senses, branded residences
are now setting the pace for luxury
living in Dubai. Globally, the sector
has expanded 160% in the last decade,
but nowhere is the momentum stronger
than in Dubai.
Luxury real estate is evolving. A home is no
longer simply where you live, but a reflection
of identity and aspiration. In Dubai, branded
residences already command around a 40%
premium compared to traditional homes, and
with more than 140 projects set for delivery by
2031, the city is clearly leading a global shift in
how we live and invest.”
44 www.thefinanceworld.com September 2025
More than a Home
What began with hotel names like
Ritz-Carlton and Four Seasons has evolved
into something more personal. Automotive
pioneers, fashion houses, and wellness
leaders are now embedding their identity
into the way people live. Buyers have
responded: in Dubai, branded residences
already command around a 40% premium
compared to traditional homes.
Dubai’s Leadership
Dubai has quickly established itself as the
benchmark for this global transformation.
Already home to 61 completed branded
residences with 100 more currently in
development, the city’s pipeline is unmatched.
Projects like Bugatti Residences
in Business Bay achieve premiums close
to +198%, while Armani Beach Residences
and Mercedes-Benz Places both exceed
+130%, evidence that lifestyle-led developments
consistently outperform their
peers.
What we’re seeing is the
evolution of luxury real
estate into something more
personal, a home that mirrors
the client’s identity and
aspiration. In Dubai, branded
residences consistently
outperform the market, often
achieving premiums of over
100%. With the MENA region
forecast to hold a quarter of
global supply by 2030, Dubai
has established itself as the
benchmark for lifestyle-led
investment.”
Living Well and Investing Wisely
For homeowners, this new generation
of branded residences means a curated
lifestyle, where values and aspirations
are built into the walls around them.
For investors, it represents long-term
confidence, with stronger resale values
and faster sales cycles than traditional
luxury properties.
More than towers, more than names on
a façade, branded residences are becoming
the new language of Dubai luxury. And in
doing so, they’re setting a standard the
rest of the world is now trying to match.
September 2025 www.thefinanceworld.com 45
Investment
Source: Ai generated
Gulf sovereign wealth funds boost investments in US technology, renewable energy, and infrastructure sectors.
US-Gulf Investment
Ties: How Much Are
They Really Worth in
2025?
US-Gulf Investment Ties in 2025 Reveal Shifting
Priorities, Strategic Partnerships, and Shared
Growth Opportunities.
The investment relationship between the
United States and the Gulf region has
long been a cornerstone of global finance,
shaped by oil wealth, trade, and strategic
partnerships. In 2025, however, these ties
are being redefined as Gulf states accelerate
diversification agendas and channel
capital into technology, renewable energy,
and infrastructure. For the US, Gulf
sovereign wealth funds represent both
opportunity and influence, while for Gulf
nations, American innovation remains
highly attractive. This evolving dynamic
raises pressing questions about the real
value, resilience, and future direction of
US-Gulf investment ties in an increasingly
competitive global landscape.
46 www.thefinanceworld.com September 2025
The relationship between the
United States and the Gulf Cooperation
Council (GCC) has
always been shaped by a mix of energy
trade, security partnerships, and
economic collaboration. However, as
the global economy evolves and Gulf
nations accelerate their diversification
efforts, investment flows have become
a central pillar of this partnership. In
2025, the value of US-Gulf investment
ties is under scrutiny, with both sides
assessing whether the relationship is
delivering the expected returns and
how it can adapt to shifting priorities.
Historically, Gulf wealth has flowed
into the United States through sovereign
wealth funds, real estate, and equities.
The region’s oil revenues, managed
through large investment vehicles
such as the Abu Dhabi Investment
Authority (ADIA), Kuwait Investment
Authority (KIA), and Saudi Arabia’s
Public Investment Fund (PIF), have
long been parked in American assets.
These investments provided the Gulf
with stability and strong returns, while
the US benefited from significant capital
inflows that bolstered its financial
markets. In recent years, however,
the balance has started to shift, with
Gulf nations demanding more strategic
partnerships that extend beyond
traditional asset allocations.
Strategic Investment Shifts: Technology,
Energy, and Economic
Diversification
In 2025, Gulf investors are prioritising
sectors aligned with their national visions.
Saudi Arabia’s Vision 2030, the
UAE’s Centennial 2071, and Qatar’s
National Vision 2030 all place emphasis
on technology, renewable energy, infrastructure,
and healthcare. As a result,
US companies in these industries are
attracting greater interest from Gulf
sovereign funds and private investors.
Tech giants, clean energy firms, and
biotech start-ups have become magnets
for Gulf capital, reflecting the region’s
aim to position itself at the forefront
of future industries. This pivot has
strengthened bilateral investment ties
but has also introduced new expectations
for reciprocity.
For the US, Gulf investment remains
highly valuable, particularly at a time
when competition from Asia is intensifying.
Gulf sovereign wealth funds
collectively manage assets worth over
USD 4 trillion, representing one of the
largest pools of capital in the world.
Attracting a share of these funds is a
priority for American businesses and
policymakers alike. The United States
continues to offer Gulf investors a
combination of stability, transparency,
and innovation that is difficult to
match elsewhere. However, with Gulf
nations also looking east towards China
and India, the US must work harder
to sustain its appeal as a preferred
investment destination.
The geopolitical context adds another
layer of complexity. US-Gulf ties are
no longer defined solely by energy
dependency, as American shale production
has reduced reliance on Gulf
oil. Instead, both sides are exploring
how capital flows can sustain their
strategic partnership. For Washington,
Gulf investment provides a means of
reinforcing political alliances, while
for Gulf capitals, investing in the US
remains a way to strengthen influence
and access cutting-edge industries. This
symbiotic relationship is evolving into
one where money is not just a financial
instrument but also a tool of diplomacy.
Evolving Bilateral Partnerships:
Reciprocity, Regulatory Challenges,
and Diplomatic Capital
Yet challenges persist. Differences in
regulatory frameworks, tax regimes,
and business cultures often complicate
partnerships. Gulf investors have
sometimes found the US regulatory
environment restrictive, while American
firms face hurdles navigating Gulf
markets, where state-driven policies
can shift quickly. Moreover, political
tensions occasionally spill over into
the economic domain, raising questions
about the long-term predictability of
investment ties. In 2025, both sides are
under pressure to build mechanisms
that insulate financial collaboration
from geopolitical volatility.
The role of energy transition cannot
be overstated. As Gulf countries invest
heavily in renewables and the US
accelerates its own decarbonisation
efforts, there is a growing intersection
of interests in clean technology. Gulf
sovereign funds are deploying billions
into American renewable energy companies,
while US firms are providing
expertise for Gulf solar and hydrogen
projects. This area of cooperation has
the potential to redefine the value of
Strengthening US-
Gulf investment ties is
essential for advancing
diversification and
creating sustainable
economic growth.”
His Excellency Dr. Thani bin Ahmed Al
Zeyoudi, UAE Minister of State for Foreign
Trade
the partnership, shifting it away from
hydrocarbons towards sustainable
energy solutions that align with global
climate goals.
Despite these promising developments,
questions remain about whether
the investment relationship is truly
balanced. Gulf nations are increasingly
seeking returns beyond financial profit,
including knowledge transfer, access
to technology, and partnerships that
help build domestic industries. The
US, while receptive, must demonstrate
flexibility in meeting these demands. If
American firms can deliver long-term
value in areas aligned with Gulf national
strategies, the investment relationship
will thrive. Otherwise, the Gulf may
redirect more capital towards Asian
and European partners who are eager
to accommodate their ambitions.
The strength of US-Gulf investment
ties in 2025 lies not only in financial
flows but in their strategic alignment
with future industries. By linking Gulf
capital with American innovation, both
sides stand to benefit from technology.
September 2025 www.thefinanceworld.com 47
Energy News
ADNOC Group Delivers $4.7B Profit in First Half of 2025
ADNOC Group reported a combined
net profit of AED 17.3 billion
(USD 4.7 billion) across its six
listed companies during the first half
of 2025, supported by strong operational
efficiency and advanced digital
transformation. Artificial intelligence
applications across upstream and
downstream activities enhanced project
delivery and boosted profitability. ADNOC
Logistics & Services achieved revenue
of AED 4.62 billion (USD 1.26 billion),
reflecting a 40 percent increase, while
EBITDA grew 31 percent to AED 1.47
billion (USD 400 million). Fertiglobe
and Borouge also posted solid earnings
growth, highlighting the benefits
of ADNOC’s integrated strategy. The
strong financial performance has enabled
sustained dividend distribution to
shareholders and reinforced ADNOC’s
position as a leading energy company.
TAQA Revenue Rises
but Profit Falls in H1
2025
Abu Dhabi National Energy
Company (TAQA) reported
revenue of AED 28.4 billion
(USD 7.73 billion) for the first half
of 2025, representing a 4.5 percent
year-on-year increase. The rise came
mainly from higher pass-through costs
in its Transmission and Distribution
segment, reflecting strong demand and
system expansion. EBITDA declined 11
percent to AED 10.2 billion, while net
income dropped 19.7 percent to AED
3.7 billion, impacted by lower oil and
gas production following the closure
of UK assets, weaker hydrocarbon
prices, higher financing costs, and
non-recurring charges. TAQA continued
to strengthen its balance sheet by
reducing gross debt to AED 61.7 billion.
It also raised capital expenditure to
AED 5.2 billion, focusing on power
generation, transmission upgrades,
desalination, and international growth
across Morocco, Uzbekistan, and the
United Kingdom.
Empower to Construct 47,000 RT District Cooling
Plant at Dubai Science Park
Emirates Central Cooling Systems
Corporation (Empower)
has signed a contract to design
a new district cooling plant at Dubai
Science Park, boasting a total capacity
of 47,000 Refrigeration Tons (RT). The
facility will cater to nearly 80 mixeduse
buildings, including residential,
commercial, and research facilities.
Construction is scheduled to begin by
the end of 2026. The plant will feature
Saudi Aramco has signed an $11
billion lease-and-leaseback agreement
with a consortium led by
Global Infrastructure Partners under
BlackRock for its Jafurah gas assets.
The deal covers the Jafurah Field Gas
Plant and Riyas NGL Fractionation
Facility, granting the consortium a 49
percent stake while Aramco retains 51
percent. Under the agreement, Aramco
will lease the facilities for 20 years,
paying tariffs to Jafurah Midstream
Gas Company (JMGC), which holds
exclusive rights to process all gas volumes.
The structure ensures no limits
on Aramco’s production output while
enabling strategic investment in its
growing gas portfolio. The transaction
strengthens Aramco’s access to capital
cutting-edge technologies such as
thermal energy storage systems, and
treated sewage effluent systems to
minimize fresh water usage. AI systems
will also be integrated to enhance operational
efficiency and sustainability.
Empower currently commands over 80
% of Dubai’s district cooling market
and continues investing in modern,
eco-friendly infrastructure to support
the city’s green ambitions.
Aramco Secures $11B Jafurah Gas Agreement
with BlackRock-Led Consortium
and supports Saudi Arabia’s plans to
expand its natural gas sector as part of
its long-term energy transition strategy.
48 www.thefinanceworld.com September 2025
Masdar Shortlisted to Buy 49% Stake in Iberdrola’s Solar-Wind Portfolio
Masdar has been shortlisted
alongside Norway’s sovereign
wealth manager Norges Bank
Investment Management and Australia’s
Fortescue to acquire a 49 percent
stake in Iberdrola’s “Proyecto Julieta,”
a renewable energy portfolio in Spain
with an estimated capacity of around
1 GW. The deal, valued at a minimum
of €900 million, represents one of the
largest renewable transactions currently
underway in Europe. Proyecto Julieta
combines a diverse mix of solar and
onshore wind projects across Spain,
reinforcing the country’s position as a
leading hub for clean energy investment.
For Masdar, the move underscores
its continued ambition to expand its
global renewable footprint, building on
its growing pipeline of solar and wind
projects across Europe, Asia, and the
Middle East. Iberdrola, is pursuing its
asset rotation model, which involves
divesting minority stakes to raise capital
for debt reduction.
DEWA Reports Record
First Half Results in
2025
Dubai Electricity and Water
Authority (DEWA) posted its
best-ever first half financial
performance in 2025, achieving revenue
of AED 14.6 billion, up 6.9 percent
compared to the same period in 2024,
and net profit of AED 2.9 billion, a
13.2 percent increase. EBITDA rose
5.3 percent to AED 7.0 billion, while
operating profit climbed 12.6 percent
to AED 3.7 billion. Operating cash flow
also surged 61.3 percent to AED 9.2
billion, reflecting stronger efficiency
and demand growth. DEWA has approved
a dividend payout of AED 3.1
billion to shareholders in October.
Growth was supported by rising demand
for electricity, water, and district
cooling services, alongside strategic
investment in clean energy projects,
smart grid technology, and desalination
capacity. In the second quarter
alone, DEWA delivered record results
with revenue growth of 9.8 percent and
profit up 25.8 percent.
Dana Gas Posts Higher Profit Despite Lower
H1 2025 Revenue
Dana Gas, the region’s largest
private-sector natural gas company,
recorded a net profit of
AED 270 million (USD 73.5 million) in
the first half of 2025, up 2.6 percent
from the previous year. This increase
came despite a decline in revenue to
AED 627 million (USD 170.7 million)
compared to AED 696 million in H1
2024, mainly due to lower hydrocarbon
prices and reduced output from Egypt.
Operations in Iraq helped support
performance, with daily production
exceeding 500 million standard cubic
feet of gas per day. The company advanced
on major projects including the
KM250 expansion and Chemchemal development
in KRI, while also achieving
success with its first exploratory well
in Egypt. Dana Gas remains confident
in its growth strategy and shareholder
value creation.
ADNOC L&S JV Receives First Large Ethane Carrier
AW Shipping, the joint venture
between ADNOC Logistics &
Services and Wanhua Chemical
Group, has taken delivery of Gas Yongjiang,
the first of nine advanced Very
Large Ethane Carriers (VLECs) built by
Jiangnan Shipyard in China. The vessel
will begin operations under a 20-year time
charter agreement, with the remaining
eight VLECs scheduled for delivery between
2025 and 2027. Once the full fleet
is operational, AW Shipping will manage
one of the world’s largest ethane shipping
fleets. These purpose-built vessels, each
with a capacity of about 98,000 cubic
metres, feature optimized hull designs
and energy-saving technologies to enhance
efficiency and reduce emissions.
The full deployment is expected to generate
roughly USD 4B in revenue over
a combined contract term of 180 years.
September 2025 www.thefinanceworld.com 49
Promotion
HOW THE ELITE CARS
Sets the Standard in Luxury
More than a dealership, The Elite Cars set the benchmark in the UAE’s automotive landscape, blending
legacy with vision to deliver an experience that redefines what it means to drive with distinction.
50 www.thefinanceworld.com September 2025
Built on Legacy, Driven by Innovation
With decades of expertise, The Elite Cars has
established itself as a trusted authority in
luxury motoring. This legacy of reliability is
paired with a forward-looking approach,
curating a handpicked selection of the latest
models, introducing cutting-edge automotive
technologies, and ensuring that clients always
remain a step ahead of the curve.
A Handpicked Portfolio of Prestige
The showroom is a stage for excellence. With
over 100 cars under one roof, The Elite Cars
offers a portfolio of a handpicked selection of
cars that spans the most sought-after cars by
true connoisseurs. Each car is carefully
selected to meet the highest standards of
performance, design, and exclusivity, making
every acquisition a statement of prestige.
Designed for the Elite
Clients expect more than a purchase; they expect an experience
tailored to their status and lifestyle. The Elite Cars delivers a
personalized, unique experience designed for its customers who
truly value excellence. With consistently strong ratings and
outstanding testimonials, the brand’s reputation is built on
decades of automotive expertise and an uncompromising
dedication to client satisfaction, whether in person or online.
More Than a Dealer, A Destination
The Elite Cars is the place to buy luxury vehicles and a destination
where refinement meets reliability. By setting the standard for
quality, trust, and innovation in the region, The Elite Cars goes
beyond the traditional dealership model, establishing itself as the
definitive name in luxury automotive experiences. In a market where
the prestige leads, The Elite Cars continues to set the tone for what
true luxury means: timeless, tailored, and always ahead of time.
Visit The Elite Cars Showroom at Sheikh Zayed Road & Al Quoz
800-535-483
www.theelitecars.com
theelitecarsshowroom
Subsidiary of
September 2025 www.thefinanceworld.com 51
Finance
Source: Ai generated
UAE businesses face mounting scrutiny as financial sanctions test regulatory frameworks.
Why Are UAE Companies
Facing Financial
Sanctions Despite
Regulatory Safeguards
Financial Sanctions on the UAE Firms Highlight
Compliance Gaps, Urging Stronger Alignment
with Global Regulatory.
The United Arab Emirates has established
itself as a global financial hub, supported
by a strong regulatory framework designed
to uphold transparency, accountability,
and investor confidence. Yet, despite
these safeguards, several UAE companies
continue to face financial sanctions
internationally. This paradox raises critical
questions about the effectiveness of
compliance practices, the complexities
of cross-border regulations, and the increasing
scrutiny from global oversight
bodies. As international standards evolve,
the pressure on UAE businesses to adapt
becomes more urgent, highlighting the
need for robust governance, proactive
compliance, and greater alignment with
global financial systems.
52 www.thefinanceworld.com September 2025
The UAE has invested significantly
in strengthening its financial
system’s resilience, particularly
by introducing robust anti-money laundering
(AML) and counter-terrorism
financing (CTF) frameworks. Over the
past few years, the government has implemented
far-reaching reforms aimed
at improving corporate transparency,
enhancing financial reporting standards,
and aligning with the expectations of
global watchdogs such as the Financial
The inspection campaigns
represent a key pillar
of our strategy to foster
a transparent and wellgoverned
business
environment in the UAE. By
implementing proactive
monitoring mechanisms to
counter money laundering
and terrorism financing
risks, we are reinforcing
the UAE’s reputation
as a secure, globally
compliant economic hub
that upholds the highest
international standards.”
H.E. Safia Hashem Al-Safi, Assistant Undersecretary
for Commercial Control and
Governance at the Ministry of Economy
Action Task Force. These measures
have provided companies with a strong
framework to mitigate risks and avoid
regulatory breaches. However, despite
these efforts, some organisations are
still struggling to meet the fast-evolving
expectations of international regulators,
suggesting that internal lapses and
inadequate execution of compliance
programmes remain pressing issues.
A key reason sanctions continue
to surface lies in the gap between
regulatory design and corporate execution.
While regulations in the UAE
are comprehensive, enforcement at the
company level often varies depending
on the maturity of compliance systems
and the willingness of leadership to invest
in rigorous monitoring. Businesses
that treat compliance as a box-ticking
exercise, rather than an integral part
of their governance culture, are more
prone to attracting penalties. This
misalignment highlights the importance
of corporate governance frameworks
that not only comply with domestic
standards but also anticipate international
requirements.
Compliance Gaps and International
Scrutiny
The pace at which global compliance
expectations evolve adds another layer
of complexity. Regulators abroad are
increasingly demanding proactive
disclosures, heightened due diligence,
and real-time monitoring of financial
activities. Companies in the UAE that
fail to keep up with these rising standards
risk being penalised even if they
are technically compliant with local
laws. For example, gaps in beneficial
ownership transparency or insufficient
monitoring of cross-border transactions
often trigger international scrutiny.
These areas require constant upgrades
to technology systems, training of personnel,
and active communication with
regulators to ensure that compliance
is not only achieved but demonstrable
in practice.
Another dimension of this challenge
lies in the international perception
of the UAE as a rapidly growing hub
for finance, trade, and investment.
Its prominence naturally subjects its
companies to greater scrutiny from
global regulators, particularly in jurisdictions
where cross-border financial
flows are highly regulated. Sanctions
in such cases are not always reflective
of deliberate misconduct but can stem
from administrative oversights or the
inability to adapt quickly to regulatory
changes abroad. Nonetheless, the
reputational risks remain significant,
and companies must invest in building
compliance systems that are not only
robust but also flexible enough to adapt
to these evolving standards.
The rise of technology has introduced
both opportunities and challenges in
addressing these risks. Digital tools
such as artificial intelligence and blockchain-based
systems are increasingly
being used to enhance compliance
monitoring and detect irregular transactions
more effectively. However,
companies that lag in adopting such
technologies often struggle to meet
international expectations. The investment
required in technology, expertise,
and systems integration is substantial,
but it is becoming non-negotiable for
businesses aiming to maintain credibility
in global markets. Failure to adapt
leaves companies vulnerable not only
to sanctions but also to exclusion from
lucrative cross-border deals.
The Way Forward for UAE
Companies
To address the issue effectively, companies
need to move beyond reactive
compliance and adopt a more strategic
approach that integrates risk management
into business planning. This
involves developing corporate cultures
where compliance is seen as an enabler
of long-term growth rather than a regulatory
burden. Continuous training,
leadership commitment, and investment
in advanced monitoring tools are central
to this transformation. Additionally,
engaging with regulators proactively
and maintaining open communication
channels can help businesses navigate
evolving requirements while avoiding
costly penalties.
The UAE government has demonstrated
its commitment to supporting
this transformation through a series of
initiatives, including the introduction
of beneficial ownership registers,
enhanced reporting obligations, and
stronger collaboration with international
regulators. These steps provide
companies with the necessary guidance
and tools to strengthen their compliance
mechanisms. However, the onus
ultimately lies with corporate leaders
to translate these frameworks into
actionable strategies that safeguard
their businesses.
September 2025 www.thefinanceworld.com 53
Business News
Galadari Engineering Adapts to Shifts in the UAE Steel Market
The UAE’s steel fabrication industry
is experiencing rapid transformation
as economic growth surges
in the real estate, construction, and
oil and gas sectors. In this dynamic
environment, Galadari Engineering has
taken proactive steps to thrive amid
rising expectations for speed, quality,
and unwavering excellence. The firm is
addressing a regional talent shortage
by investing in training and building an
inclusive work culture that nurtures
skilled engineers, supervisors, and
fabricators. Rising operational costs
and stiff competition from global
players are prompting the company
to adopt leaner financial strategies
and sharpen service differentiation.
Galadari Engineering’s forward-looking
strategy includes embracing advanced
manufacturing technologies and digital
tools to streamline workflows.
Dubai Chamber of
Digital Economy
Boosts 127 Startups in
First Quarter of 2025
In the first quarter of 2025, the
Dubai Chamber of Digital Economy
provided substantial support to 127
digital startups, marking a remarkable
135% growth compared to the same
period last year. This dramatic increase
reflects the chamber’s proactive efforts
to position Dubai as a thriving global
centre for technology-driven innovation
and entrepreneurship. Across
the quarter, the chamber organised
four industry-focused events aimed at
empowering the business community,
nurturing startup talent, forging strategic
partnerships, and streamlining the
ease of doing business in the emirate.
Digital upskilling was also a priority,
with 729 individuals benefiting from
training programmes designed to build
job-ready capabilities in advanced
technology sectors. Supplementing
these efforts, the ‘Business in Dubai’
platform expanded its service network
by welcoming 20 new partners, bringing
the total to 114 at the end of Q1.
Dubai to Install 200 Ultra-Fast EV Charging
Stations, Slashing Charging Time
Dubai is embarking on a major
expansion of its electric vehicle
infrastructure through a landmark
10-year partnership between its
main parking operator, Parkin, and
charge&go—part of the e& technology
group. Launching in October 2025,
the initiative will initially deploy 20
ultra-fast DC charging stations in
high-demand areas such as residential
neighborhoods, shopping hubs, and
leisure zones, with the full network
Du, the UAE’s telecom operator,
has launched an innovative feature
called “Salary in the Digital
Wallet” (SITW) that allows residents
to receive their wages directly in their
du Pay digital wallets. Upon signing
up, users receive a unique IBAN that
enables employers to deposit salaries
instantly, giving employees immediate
access to their funds through both the
app and an optional physical du Pay
card. This account can be opened with
no minimum balance requirement,
making it especially accessible for
workers earning less than AED 5,000
per month who may struggle with access
to traditional banking services. The
multilingual du Pay platform offers a
range of services, including local and
international money transfers, bill
payments, telecommunications top-ups,
growing to 200 over the following year.
These advanced chargers will reduce
EV charging times to under 30 minutes,
a notable improvement over slower AC
systems, and support the city’s sustainability
goals under the Dubai 2040
Urban Master Plan. The system features
a digital-first “park and charge” model
that operates through Parkin’s mobile
app, allowing users to reserve charging
bays, monitor real-time charging status,
and complete secure payments.
Du Pay Unveils ‘Salary in the Digital Wallet’
Feature to Empower Underbanked Workers
and debit card issuance. The SITW feature
not only speeds up financial access
but also supports financial inclusion
and remittance needs, especially for
expatriates sending money abroad.
54 www.thefinanceworld.com September 2025
ADIB Capital Launches Sharia-Compliant Trade Opportunities Fund
ADIB Capital, the investment arm
of Abu Dhabi Islamic Bank, has
unveiled the ADIB Islamic Trade
Opportunities Fund, a Sharia-compliant
investment vehicle incorporated in the
Dubai International Financial Centre
(DIFC) and regulated by the DFSA. Targeting
professional clients and market
counterparties, the fund focuses on
short-duration trade finance opportunities
in developed markets—primarily
the United States and Europe. It operates
under the principle of delivering
risk-adjusted returns with smooth
quarterly payouts while maintaining
low volatility through a diversified investment
pool. The fund’s underlying
assets are managed in collaboration with
Goldman Sachs Alternatives, delivering
institutional-level risk control and
private credit expertise. An oversight
Sharia Supervisory Board ensures all
investments adhere strictly to Islamic
finance principles, avoiding interest
(riba) and uncertainty (gharar).
The Hospitality
Network Launches
Riyadh Office to Fuel
Saudi Hospitality
Growth
The Hospitality Network, a leading
platform connecting decision-makers
in hospitality and
real estate, has expanded into Saudi
Arabia with the launch of a Riyadh
outpost in partnership with AstroLabs.
This new hub will serve as a strategic
base for industry gatherings, bespoke
one-on-one meetings, immersive experience
rooms, and curated awards
events aimed at fostering innovation
and sustainable growth across Saudi
Arabia’s hospitality and real estate
sectors. The move comes on the
heels of The Hospitality Network’s
successful Stakeholder Gathering in
Riyadh earlier this year and aligns with
Saudi Arabia’s Vision 2030 ambition
to emerge as a global tourism and development
powerhouse. According to
their expansion director, establishing
a local presence allows more meaningful
engagement with stakeholders,
strengthens regional connectivity, and
positions the platform to catalyse
new collaborations and discovery of
bespoke business opportunities across
the Kingdom.
UAE Investors Rally Around Local Stocks
A
recent eToro survey covering 1,000
UAE-based retail investors reveals
that 85 % are currently invested in
UAE-listed equities, with 39 % focusing
on Abu Dhabi stocks, 28 % on Dubai
names, and 18 % in both markets. The
findings underscore strong faith in the
UAE economy, with 63 % of respondents
expressing they are “very confident” in
its current performance and nearly 60
% equally confident about long-term
prospects. Despite concerns over trade
Shurooq, the Sharjah Investment
and Development Authority, has
committed over AED 300 million
to construct the “Sharjah Collection,”
a portfolio of seven luxury eco-retreats
embracing the booming slow-travel and
wellness tourism market. These destinations
span diverse and scenic landscapes,
from desert dunes and coastal mangroves
to mountain valleys and heritage villages,
and together offer 154 high-end accommodation
units. The eco-retreats provide
immersive, restorative experiences,
blending luxury with sustainability and
cultural richness, and are designed to
appeal to travellers seeking authentic,
mindful escapes. Notable examples include
tensions, anticipated to significantly
impact portfolios by 90 %, according to
respondents, investors are reinforcing
local positions, dividing their strategies
between stocks and commodities like
gold as a hedge. Almost half expect substantial
gains in the UAE stock market
in the coming year, while a further 34 %
foresee steady growth. The data suggest
a resilient and adaptive investing community
focused on domestic opportunity
and risk management.
Shurooq Invests AED 300M in Eco-Retreats to
Ride Global Slow-Travel Trend
the Kingfisher Retreat with sea-facing
tents in Kalba, the heritage-based Najd Al
Meqsar in Khorfakkan, and Al Faya lodge
in Mleiha’s desert. With wellness tourism
projected to exceed USD 1 trillion in 2025
and the slow travel market growing at
roughly 10% annually, Shurooq’s strategic
investment reinforces Sharjah’s vision to
become a regional leader in conscious
tourism.
September 2025 www.thefinanceworld.com 55
Opinion
Firas Al Msaddi
CEO of fäm Properties
Dubai’s Population to
Soar Past 5 Million by
2030, Driving Demand for
Half a Million New Homes
Dubai’s population is on course to
hit the five-million mark by 2030
after surpassing a new milestone
today as one of the world’s fastest-growing
cities.
The city’s population officially moved
past the four-million mark this morning,
as revealed in a market update from
DXBinteract, which tracks Dubai’s demographic
evolution, growth path, and
its impact on the property sector. The
report states that the addition of more
than one million residents before the end
of 2030 will create demand for around
56 www.thefinanceworld.com September 2025
350,000 new homes, based on the average
household size. But allowing for multiple-home
owners, non-resident buyers,
normal vacancy levels, and the need to
replace older buildings, that total could
reach 500,000.
Based on data from the Dubai Statistics
Centre, the report says that Dubai has
added over 231,000 new residents since
last year, a 6.13% increase. Since 2011,
Dubai’s population has doubled in size,
growing from 1.93 million to four million
in just 14 years, representing a major shift
in demographic figures.
The city’s rapid expansion
stems from a sustained
influx of expatriates,
global investors, and
talent attracted by Dubai’s
tax-free environment,
infrastructure, and
business-friendly
policies.”
Key Real Estate Highlights:
• Market structure: Over 3,000 developers
and 40,000 agents expected by 2030,
with consolidation among agencies and
a bigger role for AI-led platforms.
• Luxury expansion: HNWI migration
will keep prime communities such as
Palm Jebel Ali, Dubai Hills, and Emaar
Beachfront in the global spotlight.
• Rental yields: Average 6–7% yields, with
select micro-markets delivering 8–9%.
Four Key Factors Driving Dubai’s population:
• Job opportunities: A thriving business
ecosystem attracting global talent.
• Investor-friendly environment: No
income tax, full foreign ownership in
free zones, and attractive visa options.
• Lifestyle & infrastructure: High-quality
healthcare, education, luxury living.
• Global events: EXPO 2020’s legacy and
upcoming mega projects continue to
draw global attention and residents.
With more people comes more demand for housing, transportation, retail, and
services. Dubai’s population growth is a key driver behind rising real estate demand
and infrastructure investment. Whether you’re a property buyer, developer, or
business owner, keeping track of Dubai’s population trends can help you make
smarter, data-driven decisions.”
5.5
Dubai’s Population Growth as a Skyline (2011-2025, Forecast 2030)
5.0
2030 Forecast: 5M+
4.5
Population (Millions)
4.0
3.5
3.0
+270K Biggest Jump
2025: 4M Milestone
2.5
2.0
1.5
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2030
Year Population Change
2020 3,400,171 3.03% (100K)
2021 3,445,659 1.34% (45.5K)
2022 3,526,216 2.34% (80.6K)
2023 3,620,068 2.66% (93.9K)
2024 3,768,932 4.11% (148.9K)
2025 4,000,000 6.13% (231.1K)
*slowed during the global pandemic
September 2025 www.thefinanceworld.com 57
Digital Assets
Source: Ai generated
Hedge funds and wealth firms expand operations in Dubai, reinforcing the emirate’s role as a global financial hub.
Hedge Funds and Wealth
Firms Drive Dubai’s
Finance Hub to Record-
Breaking Growth
Dubai’s Finance Hub Thrives as Hedge Funds
and Wealth Firms Fuel Record Growth,
Strengthening its Global Investment Appeal.
Dubai’s position as a leading global finance
hub has reached new heights, driven by
the rapid expansion of hedge funds and
wealth management firms. Strategic reforms,
strong regulatory oversight, and
investor-friendly policies have attracted
international capital on an unprecedented
scale, transforming the emirate into a
preferred destination for global asset managers.
The Dubai International Financial
Centre (DIFC) now stands at the core of
this growth, supported by cutting-edge
infrastructure and an innovation-driven
ecosystem. As wealth continues to flow
into the region, Dubai is setting record
benchmarks and reshaping the dynamics
of international finance.
58 www.thefinanceworld.com September 2025
Dubai has firmly established
itself as a global financial powerhouse,
with hedge funds and
wealth management firms fuelling
a remarkable surge in activity. The
emirate’s strategic reforms, supportive
regulations, and ability to attract
international capital have positioned
it as a premier destination for asset
managers seeking growth and stability.
In 2025, Dubai’s finance hub is setting
new benchmarks, not only in terms
of investment inflows but also in the
sophistication of its financial services
ecosystem.
Over the past few years, Dubai International
Financial Centre (DIFC)
has emerged as the cornerstone of this
transformation. Housing a growing
community of hedge funds, private
equity firms, and family offices, DIFC
is now home to some of the world’s
most prominent players.
Attracting Global Hedge Funds
One of the most striking developments
is the rising number of global hedge
funds relocating or expanding into
Dubai. Major firms from the United
States, United Kingdom, and Asia have
established offices in DIFC, attracted
by the emirate’s gateway position between
East and West. The proximity
to emerging markets in the Middle
East, Africa, and South Asia provides
unparalleled access to new investment
opportunities, while Dubai’s global connectivity
ensures seamless integration
into international financial networks.
The regulatory environment has also
played a crucial role. DIFC’s independent
regulatory authority, the Dubai
Financial Services Authority (DFSA),
offers a transparent and internationally
recognised framework that balances
investor protection with market innovation.
By aligning its standards with
global best practices, Dubai has won
the confidence of leading hedge fund
managers who are keen to expand
their reach in growth markets while
maintaining compliance with international
norms.
Wealth Management on the Rise
Alongside hedge funds, wealth management
firms are experiencing rapid
growth in Dubai. As high-net-worth
individuals (HNWIs) and ultra-high-networth
individuals (UHNWIs) increasingly
look to diversify their portfolios,
Dubai has become a preferred hub for
financial planning, estate structuring,
and succession management. This
growth is being fuelled by both regional
wealth and an influx of global investors
seeking residency and investment
opportunities in the UAE.
Innovation and Financial Technology
Another factor accelerating Dubai’s
financial growth is its embrace of
financial technology. DIFC’s Innovation
Hub has become a launchpad for
fintech companies, creating synergies
Dubai continues to
strengthen its position as
a global financial centre
by attracting leading
international firms and
enabling sustainable
growth in the sector.”
His Excellency Essa Kazim, Governor,
Dubai International Financial Centre
between traditional finance and disruptive
technologies. Hedge funds and
wealth firms are increasingly leveraging
digital platforms, artificial intelligence,
and blockchain solutions to enhance
portfolio management, client servicing,
and regulatory compliance.
This convergence of finance and technology
has allowed Dubai to develop a
forward-looking ecosystem, ensuring
that its financial hub remains relevant
in an era of digital transformation.
Fintech adoption has also supported
sustainable finance initiatives, with
green bonds, ESG-focused investments,
and digital asset management gaining
traction.
Geopolitical Advantage and Market
Confidence
Dubai’s rise as a financial hub is also
closely tied to its geopolitical positioning.
Amid global uncertainty, the
emirate offers political stability, investor-friendly
policies, and a reputation for
being a neutral ground for international
business. These factors have instilled
confidence among investors, particularly
at a time when other financial
centres face challenges ranging from
regulatory shifts to economic volatility.
The UAE’s trade and investment
agreements have also strengthened
market confidence. Partnerships with
Asian, European, and African markets
are driving cross-border capital flows,
creating more opportunities for hedge
funds and wealth managers to diversify
portfolios and tap into new sectors.
To sustain this momentum, Dubai
has placed a strong emphasis on developing
human capital. The city is
attracting top financial professionals
from across the globe while simultaneously
nurturing local talent through
educational programmes, certifications,
and industry training. The result is a
dynamic workforce capable of supporting
the complex needs of hedge
funds, asset managers, and private
wealth firms operating in the emirate.
Sustainable and Growth Outlook
Looking ahead, Dubai’s financial hub is
set to achieve further record-breaking
growth. The combination of strategic
reforms, capital inflows, and innovative
financial products points towards a
sustainable trajectory. Hedge funds
are expected to deepen their presence,
while wealth management firms will
likely continue expanding their offerings
to serve a diverse and global
client base.
Moreover, the emirate’s focus on
sustainable finance and ESG principles
aligns with international trends, ensuring
long-term relevance in a shifting
investment landscape. Dubai’s ability to
anticipate and adapt to evolving market
dynamics gives it a competitive edge.
September 2025 www.thefinanceworld.com 59
Banking News
UAE Central Bank
Suspends Yas Takaful
Licence Over
Regulatory Breaches
The Central Bank of the UAE
(CBUAE) has suspended the
licence of Yas Takaful PJSC
after the insurer failed to comply
with regulatory requirements governing
insurance providers in the
country. Issued under Article 33(2)
(k) of Federal Decree Law No. 48 of
2023, the suspension prevents the
company from writing new business
but does not absolve it from meeting
obligations on existing contracts.
Policyholders remain protected, with
Yas Takaful legally bound to honour
prior commitments. The central bank
highlighted that the action reflects its
supervisory mandate to preserve the
integrity of the UAE’s financial system
and enhance resilience within the insurance
sector. By enforcing stricter
oversight, CBUAE seeks to reinforce
consumer confidence and ensure that
insurance providers operate within a
transparent, accountable and stable
regulatory environment.
UAE Banks Use Agentic AI to Transform Credit
Sanctions
Banks in the UAE are accelerating
digital transformation
by adopting agentic artificial
intelligence, a form of AI that can
make independent decisions in critical
areas such as credit risk assessment.
Emirates NBD’s digital-only bank,
Liv., has introduced a fully automated
personal loan service that enables
customers to access up to AED 200,000
through the app. The entire process,
including approval, loan booking, and
disbursement, is completed in under
three seconds without human involvement.
Fintech firm Beehive is also
collaborating with UAE banks to implement
its AI-driven credit bot, which
leverages cash-flow, e-commerce, and
utility data to approve SME working
capital loans within hours instead of
weeks. These developments highlight
a new era of efficiency, speed, and
customer convenience in the UAE’s
banking sector.
Emirates Islamic to Digitally Empower Kimera
Group’s UAE Finances
Emirates Islamic has been appointed
as the lead cash management
service provider for
all of Kimera Group’s UAE financial
operations. The agreement grants
Kimera access to the bank’s advanced
digital platforms, including businessONLINE
and smartTRADE, along
with Smart Cash Deposit Machines
(SCDM), cheque scanning (ICCS),
and remote cheque-printing services.
In addition, Emirates Islamic will
support Kimera with payroll solutions
(outside the Wage Protection System)
and bespoke corporate credit cards.
According to Mohammad Kamran
Wajid, Deputy CEO of Emirates Islamic,
this partnership underscores
the bank’s commitment to innovation,
operational excellence, and client-focused
digital-first solutions. Tariq Al
Ghussein, CEO of Kimera Group, adds
that the collaboration will enhance
operational efficiency, transaction
management, and financial agility. This
reinforces Emirates Islamic’s role as a
leading provider of Sharia-compliant,
tech-enabled services for corporate
clients in the UAE.
Saudi Arabia’s PIF Exits Major Stakes in Meta, Shopify, FedEx and Alibaba
Saudi Arabia’s Public Investment
Fund (PIF) has sold its entire
holdings in several leading international
firms, including Meta, Shopify,
FedEx, Alibaba, PayPal, and Nu
Holdings, during the second quarter of
2025. The move significantly reduced
the fund’s exposure to U.S.-listed equities,
with overall positions falling
from USD 25.5 billion at the end of the
first quarter to USD 23.8 billion by the
close of the second quarter. Despite
these divestments, PIF continues
to maintain sizable investments in
60 www.thefinanceworld.com September 2025
companies aligned with its long-term
strategy, such as Uber, Lucid Motors,
and Electronic Arts, focusing on sectors
like mobility, electric vehicles,
and gaming. The rebalancing reflects
the sovereign wealth fund’s efforts
to diversify its global portfolio while
prioritising domestic projects and strategic
industries under Saudi Arabia’s
Vision 2030 transformation plan.
Zand Partners with Mastercard to Boost Cross-Border Payment Solutions
Zand, the UAE-based digital bank
and financial services group, has
entered into a strategic alliance
with Mastercard to enhance the speed,
security, and efficiency of cross-border
payments. Through this partnership,
Zand will integrate Mastercard Move,
the company’s global money movement
platform, allowing customers to send
funds internationally with greater
convenience and reliability. The service
will initially cover transfers to bank
accounts, mobile wallets, and designated
cash pick-up locations across multiple
markets, providing customers with a
wider range of payment options. The
collaboration also reflects a shared
commitment to driving financial inclusion
and supporting the UAE’s vision of
building a robust digital economy. By
leveraging Mastercard’s global network
and Zand’s innovative digital-first
approach, the partnership aims to deliver
seamless, customer-focused solutions
that address the growing demand for
faster and more transparent cross-border
transactions.
CBUAE’s 2024 Report
Shows Economic Resilience,
Banking Strength
The Central Bank of the United Arab
Emirates (CBUAE) has published
its 2024 Financial Stability Report,
offering a comprehensive analysis of the
nation’s financial system amid ongoing
global economic challenges. The report
confirms that the UAE’s banking sector
remains strong and resilient, underpinned
by solid capital and liquidity buffers,
enhanced asset quality, and sustained
growth. Despite heightened global
uncertainty, financial stability risks in the
UAE remained broadly contained, thanks
to sound economic fundamentals, effective
risk management practices, and prudent
monetary policy. The CBUAE’s stress
testing confirmed the ability of UAE banks
to withstand adverse macroeconomic
scenarios, continue extending credit,
and maintain high capital and liquidity
levels. This resilience underlines the
sector’s readiness to absorb shocks while
supporting economic growth.
A key development in 2024 was the
operational launch of the UAE Financial
Stability Council, chaired by His Highness
Sheikh Mansour bin Zayed Al Nahyan.
Kotak Mahindra Becomes First Indian Bank Licensed
to Sell Funds to UAE Retail Investors
Kotak Mahindra’s global arm,
Kotak Mahindra International,
has become the first Indian financial
institution to obtain a licence
from the UAE Securities & Commodities
Authority to offer investment fund
and portfolio management services
directly to retail investors in the
UAE. The approval marks a significant
expansion beyond its previous
access limited to high-net-worth and
institutional clients, enabling retail
investors to participate with a minimum
investment of around USD 500.
The bank aims to launch India-focused
retail funds in the UAE by the fourth
quarter of 2025. The move is expected
to broaden investment access for
both the Indian diaspora and local
UAE investors, capitalising on the
The Central Bank of the UAE
(CBUAE) reported growth
across key monetary aggregates
in May 2025. Money supply aggregate
M1 rose by 0.4% to AED 1,015.6 billion,
supported by a AED 3.4 billion rise
in monetary deposits and a AED 0.3
billion increase in currency in circulation.
Aggregate M2 climbed 1.6% to
AED 2,474.0 billion, driven by higher
M1 and an additional AED 34.7 billion
in quasi-monetary deposits. Similarly,
M3 expanded 1.7% to AED 2,948.1 billion,
reflecting M2’s growth alongside
an AED 11.5 billion increase in government
deposits. The monetary base also
advanced by 2.2% to AED 836.7 billion,
fuelled by increases in currency issued
(2.1%), reserve accounts (29.2%), and
UAE’s tax-exempt environment for
fund returns and strengthening India’s
financial integration with the region.
CBUAE Reports Banks’ Total Assets at $1,328.3B
by May 2025
monetary bills and Islamic certificates
of deposit (6.6%), which offset a 48.8%
decline in banks’ and OFCs’ overnight
deposits.
September 2025 www.thefinanceworld.com 61
Economy
Source: Ai generated
Dubai’s dynamic economy thrives on trade, finance, real estate, and innovation-driven sectors in 2025
Dubai’s GDP Hits AED
119.7 Billion in Q1
2025: What’s Driving
the Growth
Dubai’s Q1 2025 GDP Growth Highlights
Sectoral Contributions, Reflecting the Emirate’s
diversified economy
Dubai has reported a robust start to
2025, with its gross domestic product
reaching AED 119.7 billion in the first
quarter, marking a four percent year-onyear
increase. This growth underscores
the emirate’s economic resilience, driven
by its diversified model that spans
trade, finance, real estate, healthcare, and
tourism. The performance reflects the
momentum achieved in 2024 and highlights
Dubai’s ability to balance traditional
strengths with emerging sectors. Underpinned
by strategic policies, international
partnerships, and ambitious long-term
goals, Dubai continues to consolidate
its position as a leading global hub for
commerce and investment.
62 www.thefinanceworld.com September 2025
Dubai has opened 2025 with a
strong economic performance,
recording GDP of AED 119.7
billion in the first quarter of the year.
The figure represents a 4 percent
year-on-year increase, reflecting the
city’s resilience and the breadth of
its growth drivers. This expansion
builds on the momentum of 2024, when
Dubai’s economy grew 5.8 percent at
current prices and 3.2 percent at constant
prices, underscoring the steady
foundation upon which the emirate
continues to grow.
The results demonstrate the effectiveness
of Dubai’s long-term diversification
strategy, where multiple
industries contribute to economic
stability rather than reliance on a single
sector. Healthcare emerged as the
fastest-growing segment, expanding by
an impressive 26 percent. Although the
sector accounts for only 1.5 percent of
GDP, its contribution to overall growth
was significant and symbolic of Dubai’s
increasing investment in medical services
and wellness infrastructure.
Real estate remained a central driver,
advancing by 7.8 percent in the quarter
and contributing 7.5 percent to the overall
economy. The continued appetite
for property in Dubai is fuelled by both
domestic and international investors
seeking long-term returns and residency
opportunities. The sector’s expansion
reflects strong demand for premium
housing, commercial developments, and
industrial facilities, supported by regulatory
reforms and global confidence
in Dubai’s market stability.
Finance and Trade Reinforce Dubai’s
Economic Backbone
Finance and insurance contributed
AED 16 billion in output, growing 5.9
percent and making up 13.4 percent of
GDP. As one of Dubai’s most globally
integrated industries, this sector benefits
from a stable regulatory framework,
the city’s role as a regional hub for
capital flows, and growing demand for
banking, insurance, and investment
services. The expansion mirrors the
impact of global financial integration
and Dubai’s status as a preferred hub
for regional headquarters of international
institutions.
Wholesale and retail trade continued
to dominate the economic landscape,
representing nearly a quarter of GDP.
Growing 4.5 percent in Q1, the sector
In an era defined by data
and AI, reliable statistics
are indispensable for
understanding current
trends and anticipating
future developments.
The Q1 2025 results
reflect Dubai’s
economic progress,
enabling policymakers,
researchers, and
businesses to make wellinformed
decisions.”
His Excellency Younus Al Nasser, Chief
Executive of the Dubai Data & Statistics
Establishment
reflects Dubai’s global position as a
commercial hub bridging Asia, Africa,
and Europe. With thriving free zones,
world-class logistics, and a booming
domestic consumer market, trade
remains a cornerstone of the economy
and provides resilience against
external shocks.
Tourism-related activities such as
accommodation and food services
also posted positive results, rising 3.4
percent during the quarter. Dubai’s
continued ability to attract international
visitors through high-profile events,
global exhibitions, and leisure offerings
has supported steady demand for hotels,
restaurants, and related services.
Technology-driven areas, such as
information and communications,
saw growth of 3.2 percent, reflecting
the emirate’s focus on digital transformation.
Increased investment in smart
services, e-commerce, and data-driven
industries is positioning Dubai to capitalise
on future opportunities in the
knowledge economy. Manufacturing
also performed positively, expanding
3.3 percent to AED 8.7 billion, highlighting
steady demand for industrial
production and continued government
support for advanced manufacturing.
Transport and storage, critical to
Dubai’s role as a global logistics hub,
grew by 2 percent in the quarter. The
city’s airports, seaports, and free zones
continue to underpin its position as
a central link in international trade
networks. Despite moderate growth
in this sector compared with others,
its sheer scale means it remains one of
the largest contributors to GDP, supporting
thousands of businesses and
reinforcing the city’s competitiveness
in logistics and aviation.
Global Partnerships and Free Zones
Drive Investment Growth
Investment flows have been further
strengthened by international agreements
such as the India–UAE Comprehensive
Economic Partnership Agreement.
This deal has driven cross-border
trade and encouraged Indian businesses
to expand operations in Dubai, particularly
in real estate, services, and
information technology. Free zones
like JAFZA also play an instrumental
role by offering 100 percent foreign
ownership, tax incentives, and simplified
regulatory frameworks, which
attract global corporations and small
enterprises alike.
Despite strong economic momentum,
Dubai faces certain challenges
that could influence its trajectory.
Rising living costs, particularly higher
housing rents, are placing pressure on
mid-income households, while wage
growth has remained relatively flat.
These factors may affect the affordability
landscape for professionals
and expatriates who form a significant
share of the workforce. Regional
risks, including oil price volatility and
geopolitical uncertainty, also remain
external factors that can shape investor
sentiment.
September 2025 www.thefinanceworld.com 63
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Tourism
Source: Ai generated
From heritage walks to wellness retreats, Dubai transforms tourism into a richer, lifestyle-focused story.
How Dubai Tourism Is
Shaping a Lifestyle-
Centric Destination
Strategy
Dubai Tourism Shifts toward a Lifestyle-
Centred Model, Weaving in Culture, Wellness,
and Community-Centric Experiences.
Dubai has evolved far beyond its reputation
as a luxury tourism hub, reshaping
its strategy to emphasise lifestyle-driven
experiences that appeal to a wider audience.
While world-class hotels, shopping
districts, and entertainment venues remain
central to its offering, the emirate
is increasingly focusing on wellness, culture,
adventure, and sustainability. This
shift reflects Dubai’s ambition to create
a holistic destination that resonates with
both international visitors and residents.
By aligning tourism with quality-of-life
initiatives, the city is not only diversifying
its appeal but also strengthening its
position as a global leader in experiential
and lifestyle-centric travel.
66 www.thefinanceworld.com September 2025
Dubai has long been synonymous
with luxury, offering some of the
world’s finest hotels, shopping
experiences, and architectural marvels.
Yet the emirate is increasingly redefining
its tourism narrative by going beyond
opulence and focusing on lifestyle,
culture, and wellness. This shift is part
of a broader effort to attract a more
diverse demographic of travellers and
residents, aligning with Dubai’s vision
to position itself as a global lifestyle
hub. The strategy is not only enhancing
visitor experiences but also driving
economic diversification, supporting
new industries, and strengthening the
emirate’s long-term competitiveness.
At the core of this transition lies a
conscious effort to broaden Dubai’s
appeal. While high-net-worth individuals
and luxury tourists remain vital,
the emirate recognises the importance
of capturing the growing middle-class
and millennial travel segments. These
travellers seek authenticity, cultural immersion,
and experiences that integrate
seamlessly with their lifestyles. As a
result, Dubai is investing in initiatives
that highlight its multicultural identity,
creative industries, and wellness-focused
offerings, moving away from
the perception of being solely a luxury
playground.
Lifestyle and Wellness at the
Forefront
Dubai’s authorities are expanding attractions
to cater to evolving traveller
expectations, offering a richer mix of
experiences beyond luxury. Heritage
districts, art galleries, culinary tours,
and desert reserves present visitors
with layered, immersive opportunities.
Cultural events such as Art Dubai and
the Dubai Food Festival highlight the
emirate’s creative industries, while
major sporting events strengthen its
identity as a hub for health and fitness.
Music festivals, literary gatherings,
and outdoor community events further
complement this strategy, reinforcing
Dubai’s lifestyle credentials.
Wellness tourism is also gaining
momentum, with resorts and urban
hotels integrating yoga retreats, spa
services, and fitness programmes
into their offerings. At the same time,
sustainability-focused initiatives, from
eco-friendly hotels to desert conservation
projects, ensure that Dubai
appeals to environmentally conscious
travellers. Increasingly, resorts are
positioning themselves as holistic
wellbeing retreats, with offerings that
include nutrition programmes, meditation,
and nature-focused experiences.
This dual approach reinforces the city’s
ambition to become a comprehensive
lifestyle destination.
Culture, Innovation, and Long-
Term Appeal
A central component of Dubai’s strategy
is reinforcing cultural identity while
The UAE sees tourism
as a bridge to cultural
exchange, community
wellbeing, and
sustainable innovation.”
H.E. Abdulla bin Touq Al Marri, Minister of
Economy and Chairman, Emirates Tourism
Council
simultaneously embracing innovation.
The city is investing heavily in heritage
promotion through sites such as Al
Fahidi Historical District, Dubai Creek,
and traditional souks, while also developing
cutting-edge landmarks like the
Museum of the Future and the Etihad
Museum. This duality allows visitors
to experience both Dubai’s traditions
and its forward-looking ambitions,
creating a distinctive balance between
heritage and modernity.
Beyond short-term tourism, the emirate
is also targeting long-term residents
through Golden Visas and new residency
programmes that attract global talent,
investors, and creatives. By fostering
cultural districts, co-working hubs, and
start-up ecosystems, Dubai positions
itself as a destination where lifestyle
and business merge seamlessly. Global
schools, international healthcare
facilities, and a cosmopolitan dining
scene add to the appeal for those who
see Dubai as more than a holiday stop.
For investors, this signals stability and
diversified opportunities in areas such
as education, health, retail, and creative
industries, alongside traditional
real estate and hospitality. This shift
reflects an understanding that tourism
is not only about attracting visitors but
also about cultivating a community of
residents and entrepreneurs who shape
the city’s long-term future.
Technology and Partnerships Driving
Growth
Digital transformation is further
shaping the tourism experience, with
smart initiatives such as AI-based city
guides, contactless check-ins, and
blockchain-enabled booking systems
enhancing convenience for travellers.
Virtual and augmented reality tools
now allow potential visitors to explore
attractions remotely, building excitement
before arrival and enabling more
personalised trip planning. These tools
appeal to tech-savvy audiences who
expect seamless, data-driven services
and demonstrate Dubai’s commitment
to innovation. By integrating technology
into the visitor journey, the city ensures
it stays ahead of global tourism trends
while improving efficiency across the
sector.
At the same time, partnerships with
global cultural institutions, sports organisations,
and international brands
continue to expand Dubai’s reach
and credibility. Collaborations with
leading entertainment companies,
Michelin-star chefs, and international
universities are enriching Dubai’s lifestyle
offerings, making it a hub for art,
design, cuisine, and education. These
collaborations not only bring global
prestige but also provide platforms
for local talent to shine, creating a
virtuous cycle of cultural growth. Such
alliances help diversify the emirate’s
tourism ecosystem, reinforcing Dubai’s
position as a multifaceted destination
that blends local authenticity with
global connectivity.
September 2025 www.thefinanceworld.com 67
Travel News
Dubai International Airport Prepares for August Surge
Dubai International Airport (DXB) is
anticipating a significant increase
in passenger traffic from August
13 to 25, with over 3.6 million travelers
expected as families return from summer
holidays and students head back for
the new academic year. Daily traffic is
projected to average 280,000 passengers,
with the busiest day forecasted for Friday,
August 15, when numbers are expected
to exceed 290,000. This sSsurge follows a
record-breaking first half of 2025, during
which DXB handled more than 46 million
passengers, reaffirming its position as the
world’s busiest international airport. To
manage the increased flow, Dubai Airports
is implementing enhanced services and
family-friendly measures, including faster
passport control for children aged 12 and
older using Smart Gates, streamlined
immigration processes, and improved
amenities such as lounges, duty-free
shopping, and dining options.
Jazeera Airways
Launches ‘Buy 1 Get 1
Free’ Offer
Jazeera Airways has introduced
an exclusive “Buy 1 Get 1 Free”
promotion, available for bookings
made between August 18 and 24, 2025.
This offer applies to both one-way and
round-trip flights across the airline’s entire
network, with travel dates extending
from September 1 to December 15, 2025.
Passengers can book multiple tickets
under this promotion, making it ideal
for family and group travel. To avail
of the offer, customers must enter the
promo code J9B1G1 at checkout on the
Jazeera Airways website or mobile app.
The promotion is valid for the airline’s
Light fare, which includes the option to
add extras such as checked baggage,
in-flight meals, and preferred seating
at a 60% discount. This initiative aims
to make travel more accessible and
affordable, allowing passengers to explore
new destinations or revisit places with a
companion at no additional cost.
Air Arabia Abu Dhabi Launches Seasonal
Russia Flights
Air Arabia Abu Dhabi has introduced
seasonal flights connecting Abu
Dhabi to Yekaterinburg, Russia,
beginning October 27, 2025, and running
until March 27, 2026. The service will
operate twice weekly, enhancing travel
options for both leisure and business
passengers between the UAE and Russia.
This expansion reflects the airline’s
strategy to broaden its international
network and strengthen connectivity for
passengers seeking new destinations or
convenient travel routes. The initiative
also supports tourism growth and
business links between the two countries,
offering travellers flexible scheduling
and competitive fares. By introducing
this route, Air Arabia Abu Dhabi aims to
attract a diverse passenger base, including
families, professionals, and frequent
travellers, while contributing to the UAE’s
broader aviation and tourism goals.
UAE Introduces New Passport Renewal Policy
The UAE has implemented a
new policy allowing citizens to
renew their passports up to one
year before the expiry date, doubling
the previous six-month window. This
change, effective from August 18, 2025,
aims to provide greater flexibility for
travel planning, official transactions, and
administrative convenience. Citizens can
access the service through the Federal
Authority for Identity, Citizenship,
Customs and Ports Security’s digital
platform, ensuring a streamlined and
efficient process. Authorities have
highlighted that the new policy will
improve convenience, reduce last-minute
travel disruptions, and further enhance
the UAE passport’s global standing. By
extending the renewal period, the UAE
demonstrates a commitment to citizencentric
services and continued innovation
in administrative efficiency.
68 www.thefinanceworld.com September 2025
Qatar’s Tourism Sector Sees Robust Growth in H1 2025
Qatar’s tourism industry has experienced
significant growth in
the first half of 2025, welcoming
over 2.6 million international visitors,
a 3% increase compared to the same
period last year. Visitors from Gulf
Cooperation Council (GCC) countries
accounted for 36% of arrivals, followed
by Europe at 26%, Asia and Oceania at
22%, and the Americas and other Arab
countries each at 7%. The majority of
arrivals were by air (57%), with land
and sea arrivals comprising 33% and
9%, respectively. Hotel occupancy rates
averaged 71%, up two percentage points
from the previous year, with over 5.2
million hotel nights sold, marking a 7%
increase from H1 2024. The tourism
sector contributed QR55 billion (approximately
$15.1 billion) to Qatar’s
GDP in 2024, representing 8% of the
economy and a 14% increase from the
previous year. This growth aligns with
Qatar’s National Vision 2030, aiming to
diversify the economy through tourism.
UAE Airlines Expand
Network with 15 New
Destinations
UAE-based airlines have added
15 new destinations to their
network in the first half of 2025,
contributing to a 5% increase in passenger
numbers, reaching 75.4 million
compared to the same period in 2024.
The new routes span Europe, Asia,
Africa, and the Middle East, including
cities in Russia, Czech Republic, Poland,
Armenia, Kazakhstan, Vietnam, Cambodia,
Turkey, Iran, Egypt, Croatia, and
Ethiopia. This expansion reinforces
the UAE’s position as a leading global
aviation hub, driven by innovative
national initiatives and strategies.
By offering new travel options and
improved accessibility, UAE airlines
are meeting growing passenger demand
while reinforcing the nation’s status
as a key international transport and
tourism destination.
Dubai to Host Inaugural UAE-Africa Tourism
Investment Summit
Dubai is set to host the inaugural
UAE-Africa Tourism Investment
Summit on October 27, 2025, as
part of FHS World 2025. The summit
aims to foster strategic collaborations
between the UAE and African nations
in the tourism and hospitality sectors.
Over 250 senior delegates from 53 African
countries are expected to attend,
focusing on sustainable development,
infrastructure investment, and public-private
partnerships. The event
underscores the UAE’s commitment to
enhancing economic ties with Africa
and positioning itself as a gateway
for investments into the continent’s
growing markets. The summit will
provide a platform for meaningful
dialogue and collaboration, aligning
with broader efforts to strengthen
economic integration and promote
mutual growth.
Dubai Attracts a Staggering 9.88M Global
Tourists in H1 2025
Dubai’s dynamic tourism appeal,
supported by impactful collaboration
between public and
private sectors and amplified through
a comprehensive global marketing
strategy, led to the city welcoming
9.88 million international overnight
visitors between January and June
2025. This marks a 6% year-on-year
increase, according to data released
by the Dubai Department of Economy
and Tourism (DET).
H.H. Sheikh Hamdan bin Mohammed
bin Rashid Al Maktoum, Crown Prince
of Dubai, Deputy Prime Minister, Minister
of Defence, and Chairman of The
Executive Council of Dubai, stated that
Dubai’s continued record-breaking
performance in international visitation
underscores their strategic vision to
position the city as a leading global
hub for business and tourism.
September 2025 www.thefinanceworld.com 69
Investment
Source: Ai generated
Indian investors are leveraging Dubai’s Golden Visa programme, securing property ownership.
Golden Visa Advantage:
Why Indian Investors
Are Doubling Down on
Dubai Real Estate
Golden Visa Incentives are Reshaping Dubai’s
Property Market, Accelerating Indian Investment
Flows and Long-Term Trust.
Dubai’s Golden Visa programme has
emerged as a powerful magnet for Indian
investors seeking long-term stability
and lucrative opportunities in real estate.
Offering residency benefits tied to property
ownership, the initiative has made the
emirate an even more attractive hub for
high-net-worth individuals and business
leaders from India. Beyond financial gains,
it provides lifestyle advantages, access to
world-class infrastructure, and a secure
environment for families. This blend of
economic promise and personal security
is driving a surge in property acquisitions,
reinforcing Dubai’s position as a preferred
global destination for Indian capital and
long-term investment ambitions.
70 www.thefinanceworld.com September 2025
Dubai’s property market has
become one of the most attractive
destinations for global
investors, with Indian buyers standing
out as one of the most active groups
in recent years. The emirate’s strategic
initiatives, most notably the introduction
and expansion of the Golden Visa
programme, have significantly boosted
investor confidence, encouraging
long-term commitment and larger
investments. For Indian investors, the
combination of residency benefits, a
stable economic climate, and access
to luxury and high-yielding assets has
created an unparalleled opportunity. As
a result, more families, entrepreneurs,
and high-net-worth individuals from
India are turning to Dubai not just for
financial returns but also for lifestyle
and legacy planning.
The Game-Changer for Indian
Investors
The Golden Visa, launched in 2019
and expanded in subsequent years,
allows investors to secure long-term
residency, offering ten-year renewable
visas for property buyers meeting the
minimum investment threshold. This
has been a game-changer for Indian
investors, who often seek both security
and stability outside of India. By
providing a clear residency path linked
to real estate ownership, Dubai has
aligned itself with the aspirations of
Indian high-net-worth individuals who
value mobility, global connectivity, and
future planning for their families. The
scheme also removes the uncertainty
that previously accompanied short-term
visas, enabling investors to make more
confident and long-term decisions.
Another major factor driving Indian
investment into Dubai’s property market
is the city’s consistent record of
capital appreciation and rental yields.
In contrast to many global property
hubs where yields remain relatively
low, Dubai has regularly posted annual
rental yields between 6 to 8 per cent,
particularly in prime residential communities.
This is particularly appealing
for Indian investors familiar with much
lower yields in metropolitan cities like
Mumbai, Delhi, or Bengaluru. Moreover,
the potential for capital appreciation
in Dubai has been underscored by
steady price growth in prime and
mid-tier segments, buoyed by sustained
demand and limited supply in luxury
developments. For many investors,
this offers the dual benefit of recurring
income and long-term wealth creation.
Dubai’s High Returns, Lifestyle,
and Long-Term Value Proposition
Lifestyle and quality of life also play
a vital role in attracting Indian investors.
Dubai offers a safe, cosmopolitan
environment, world-class healthcare
and education, and proximity to India,
making it an ideal second home destination.
Families see Dubai as a place
where children can access international
schooling and higher education, while
business leaders see it as a gateway to
global markets. The Golden Visa has
further enhanced this appeal by offering
family sponsorships and the flexibility
to remain in the UAE without the need
for continuous employment. For many
Indian entrepreneurs and professionals,
this provides a secure base from which
to expand businesses across the Middle
East, Africa, and beyond.
Dubai’s transparent regulatory framework
and investor-friendly policies add
another layer of confidence. Authorities
have introduced measures to safeguard
investor interests, streamline property
registration, and increase transparency
in transactions. The Dubai Land Department
and Real Estate Regulatory
Agency have both played pivotal roles
in ensuring fair practices and enabling
smoother investment procedures. For
Indian investors, who may face bureaucratic
hurdles and slower processes
in their domestic market, the ease of
doing business in Dubai’s real estate
sector is a major differentiator.
Additionally, Dubai’s diversification
away from oil into sectors such as
technology, logistics, and tourism provides
reassurance that the economy is
future-ready. This economic resilience,
combined with strong infrastructure
and ambitious urban development
projects, reinforces the emirate’s position
as a global hub. Indian investors
are particularly drawn to large-scale
initiatives like Expo City Dubai, Dubai
South, and waterfront communities
that promise long-term growth and
sustained demand. These projects are
aligned with Dubai’s vision of being
a leading global destination for business,
lifestyle, and tourism, making
investments not just about property
ownership but participation in a larger
growth narrative.
Robust Framework, Economic
Resilience, and Cultural Synergy
Currency exchange dynamics also
favour Indian investors. With the UAE
dirham pegged to the US dollar, Dubai’s
property investments provide a hedge
against the fluctuations of the Indian
rupee. For high-net-worth individuals,
diversifying wealth into a dollar-linked
asset is a strategic move to protect
against domestic currency depreciation.
The Golden Visa
programme has
empowered Indian
investors with stability
and confidence,
enhancing both Dubai’s
real estate ecosystem and
economic outlook.”
H.E. Abdulla bin Touq Al Marri, Minister of
Economy and Tourism, UAE
This financial stability, paired with
attractive mortgage options and favourable
financing structures, makes it
easier for Indian investors to leverage
and expand their portfolios in Dubai.
The social and cultural familiarity
between India and Dubai further
strengthens this trend. Indians make
up one of the largest expatriate communities
in the UAE, which creates a
sense of belonging and community for
new investors. This cultural comfort,
positions Dubai as a natural extension
of lifestyle and business.
September 2025 www.thefinanceworld.com 71
Healthcare News
Abu Dhabi’s Hayat Programme Surpasses 1,000 Organ Transplants Milestone
Abu Dhabi’s National Programme
for Donation and Transplantation
of Human Organs and Tissue,
known as Hayat, has reached a significant
milestone. Since its launch in
2017, it has facilitated 1,090 successful
transplants across the emirate through
the end of 2024. In 2024 alone, a record
290 procedures were performed, including
transplants of kidneys, livers,
UAE Ministry of Health
Advances Zero Government
Bureaucracy
Initiative
The Ministry of Health and Prevention
has successfully completed
the second phase of its national
programme to eliminate government
bureaucracy, a cornerstone of the UAE’s
wider strategy to enhance efficiency and
simplify access to public services. This
phase involved streamlining multiple
healthcare-related processes, removing
redundant paperwork, and introducing
digital platforms that cut down on manual
intervention. By replacing outdated
procedures with automated systems,
the ministry aims to significantly
improve the citizen journey, ensuring
that patients and healthcare providers
can access essential services without
unnecessary delays. This milestone
reflects the country’s commitment
to building a modern government
framework where healthcare delivery
is faster, more transparent, and more
citizen-focused.
lungs, hearts, and pancreas. These
life-saving operations were carried
out across four world-class centres:
Cleveland Clinic Abu Dhabi, Sheikh
Khalifa Medical City, Burjeel Medical
City, and Sheikh Shakhbout Medical
City. The advances include the nation’s
first combined heart-and-lung transplant
and pioneering procedures such as
robotic-assisted multi-organ surgery.
Riyadh Hospital Bed Capacity Falls Below Global
Average amid Population Boom
A
recent
Knight Frank report
reveals that Riyadh’s hospital
bed capacity, at 1.7 beds per
1,000 people, is below both the national
average of 1.9 and the global average
of 2.9. The Ministry of Health operates
over half of the city’s inpatient facilities,
while private providers dominate
outpatient services. Rapid population
growth is placing mounting pressure on
the system. By 2030, the western zone
Burjeel Holdings has announced
a robust financial recovery in
Q2 of 2025, rebounding strongly
after the challenges it faced earlier in
the year, particularly during March. The
healthcare group reported solid growth
in both revenue and net earnings, fuelled
by an increase in patient volumes
and higher occupancy rates across its
hospitals and specialised centres. This
performance was further supported
alone will need an additional 1,500–2,000
beds, while the eastern and southern
zones each require 1,000–1,500 beds.
If growth trends continue, Riyadh will
face a shortage of up to 15,300 beds
by 2040 if measured against global
standards. The report recommends
targeted infrastructure investments and
expanded public-private partnerships,
especially in regions earmarked for residential
and commercial development.
Burjeel Posts Strong Second Quarter Results
after Early-Year Challenges
by sustained demand for advanced
treatments and innovative medical
services, reflecting the group’s growing
reputation in the regional healthcare
market. According to company representatives,
these results highlight
Burjeel’s operational strength and its
ability to remain resilient in a highly
competitive environment, particularly
as the healthcare industry continues to
undergo rapid transformation.
72 www.thefinanceworld.com September 2025
Mubadala Strengthens Commitment to PCI Pharma Services
Mubadala Investment Company,
Abu Dhabi’s sovereign investor,
has made a substantial reinvestment
in PCI Pharma Services, reinforcing
its confidence in the CDMO’s
trajectory. This move comes as part
of a broader growth funding round
co-led by private equity heavyweight
Bain Capital alongside existing investor
Kohlberg. Partners Group continues
to maintain a minority stake, ensuring
continuity in ownership and strategic
direction. Mubadala’s reinvestment
reflects the long-term performance of
PCI under its initial 2020 partnership
The new capital will drive both organic
and inorganic expansion across PCI’s
global operations. Planned initiatives
include expanding capabilities in sterile
fill-finish for injectables, high-potency
drug manufacturing, and biologics
processing, as well as extending the
company’s geographic footprint.
Aster DM Healthcare
Appoints New Head of
HR in the UAE
Shahed Abdul Rahiman has been
named Head of Human Resources
for Corporate & Aster
Digital Health in the UAE at Aster DM
Healthcare. With over 13 years of experience
at the organisation, he steps
into this strategic role responsible
for overseeing talent management,
organisational development, employee
engagement, and broader HR strategies
for both corporate operations and
digital health services. In his previous
capacities, he served as Deputy Head
of HR for Corporate and Head of HR
for Aster Digital Health, where he
shaped people strategies to facilitate
the company’s transformation into
digital care delivery and supported
corporate growth initiatives. Earlier
in his career, he held leadership roles
in corporate HR strategy development
and doctor recruitment, onboarding,
and compliance across Aster’s regulatory
frameworks. He holds an MBA
in Human Resources Management
from the University of Wales Trinity
Saint David.
EHS Expands Anti-Smoking Awareness and
Prevention Efforts
Emirates Health Services (EHS)
is intensifying its anti-smoking
drive through a combination
of targeted awareness campaigns,
specialised cessation support, and the
promotion of healthy practices to combat
the risks of traditional and modern
tobacco use. Operating 17 smoking
cessation clinics across the UAE,
EHS has recorded a 53 percent rise
in beneficiaries this year compared to
the same period in 2024, underscoring
the impact of its integrated approach.
The authority’s programmes combine
medical care with behavioural counselling
to address both physical and
psychological aspects of addiction.
Advanced technologies, such as biometric
monitoring of carbon monoxide
levels, alongside expanded virtual
Saudi German Hospitals delivered a robust
performance in the first half of
2025, with revenue rising to SAR 1.52
billion and net profit more than doubling
to SAR 223.8 million compared with the
same period last year. The increase was
driven by higher patient volumes across its
network, improved operational efficiency,
and expanded service offerings in key
cities. Earnings per share reached SAR
2.43, reflecting the hospital group’s strong
financial health and its ability to capture
growing demand for private healthcare
services. In the second quarter alone,
revenue reached SAR 791.1 million while
net profit remained steady at SAR 63.7
million, supported by seasonal demand
patterns and continued focus on quality
care. The results underline Saudi German
Hospitals’ resilience in a competitive
consultations via its smart application,
have further strengthened accessibility.
These initiatives have achieved a
52.6 percent cessation success rate,
reflecting the growing effectiveness
of EHS’s comprehensive prevention
and treatment strategies.
Saudi German Hospitals Report Strong H1 2025 Profits
healthcare market and its commitment
to delivering reliable, patient-centred
services across the region.
September 2025 www.thefinanceworld.com 73
Opinion
The ETF Revolution Is
Coming to the Gulf, Here’s
Why It Will Be Different
The global market for Exchange-Traded
Funds (ETFs) now commands
over $10 trillion in assets, yet in
the Gulf Cooperation Council (GCC), it
remains a nascent corner of the financial
world. For years, regional investors
have favoured direct equity in familiar
local names. A powerful convergence of
ambitious government vision, a digitally
native population, and a hunger for sophisticated
financial tools is setting the
stage for an ETF explosion that won’t
just mirror the West but will leapfrog it.
While the world sees the GCC’s transformation
through the lens of giga-projects
and economic diversification, the parallel
revolution happening in its capital markets
is just as significant. The Gulf is not simply
importing the ETF model; it is preparing
to become the global laboratory for its
next evolution.
For investors, both within the region
and those looking in, understanding this
shift is critical. The opportunity lies in
participating in the creation of a smarter,
more culturally attuned investment
landscape.
Why is this Change Taking Place Now?
In my view, ETFs are one of the most
elegant financial instruments ever created.
They offer diversification, liquidity,
and transparent access to entire sectors,
themes, or markets in a single trade. In
my own hybrid strategy, I use ETFs as the
structural core of my portfolio, allowing
for tactical rotation between asset classes
from technology to energy to gold based
on macroeconomic momentum. Until recently,
this flexibility was largely out of
reach for the average GCC investor due
to a lack of product diversity and awareness.
However, three powerful catalysts
are changing the equation:
• Top-Down Economic Vision: Initiatives
like Saudi Arabia’s Vision 2030 and the
UAE’s Centennial 2071 plan are fundamentally
about diversifying away from
oil. This requires channelling local capital
into new industries and attracting foreign
investment. ETFs are the perfect vehicle
for this, offering a simple way to invest
in the growth story of the entire non-oil
sectors.
• Demographic Tsunami: The GCC has
one of the youngest and most digitally-connected
populations in the world. This new
generation of investors is not content
with traditional banking products. They
expect the same seamless, on-demand
experience from their investments as they
do from every other aspect of their lives.
They are ready for accessible, low-cost,
and transparent products like ETFs.
• Regulatory Modernisation: Governments
across the region are actively fostering
fintech innovation and financial literacy.
The creation of regulatory sandboxes,
open banking frameworks, and national
savings platforms is removing friction
and democratizing market access at an
unprecedented rate.
Architecting ETF 2.0: Beyond Simple
Indexing
The real story is not that the GCC will
finally embrace the ETFs of yesterday. It’s
that it is uniquely positioned to pioneer
the ETFs of tomorrow. The region’s blend
of immense capital, clear vision, and a
“greenfield” market environment allows
it to build what I call “ETF 2.0.” This new
generation of funds will be defined by
three key innovations:
• AI-Powered and Active Strategies: The
UAE and Saudi Arabia are investing billions
to become global leaders in artificial
intelligence. This national priority creates
a fertile ecosystem for developing actively
managed ETFs powered by AI, real-time
data, and sentiment analysis. These are
not passive index-trackers but dynamic
instruments designed to adapt to market
shifts, which is becoming a natural fit
for a region that values decisive action.
• The Global Hub for Sharia-Compliant
Innovation: For decades, Sharia-compliant
investing has been a specialised niche.
The GCC can bring it to the mainstream.
As ethical and values-based investing becomes
a global priority, the region’s deep
expertise in Islamic finance principles
provides a massive head start. The next
wave will be sophisticated ETFs that blend
these principles with thematic plays in
technology, healthcare, and green energy,
creating products with global appeal
for both faith-based and ESG-conscious
investors.
• Hyper-Thematic and Narrative-Driven
Investing: The most compelling investment
opportunities are often tied to a powerful
story. The GCC is currently writing some
of the world’s most ambitious narratives.
Imagine a ‘Neom Future Cities’ ETF, a
‘GCC Tourism & Entertainment’ tracker,
or a ‘Halal Green Tech’ fund. These are
globally relevant themes that will allow
investors worldwide to own a piece of
the region’s future with the simplicity of
a single stock.
A New Blueprint for the Modern
Investor
For any market participant, risk management
is paramount. The beauty of ETFs is
that they provide built-in risk mitigation
through diversification. For a sophisticated
investor, they form the bedrock
of a portfolio, allowing for disciplined,
strategic positioning. More aggressive,
short-term trades can be layered on top
with precision. This combination of a
stable ETF core with tactical agility is
the framework that will define the next
generation of successful regional traders.
Global asset managers searching for
the next frontier of growth will find more
than just capital here; they will find a
clear vision, speed of execution, and an
investor base that is young, bold, and
ready to engage. The West may have
invented the ETF, but I think that the
Gulf is perfectly positioned to perfect it.
74 www.thefinanceworld.com September 2025
Hasnae Taleb
Award-Winning Trader,
Asset Manager, and Managing
Partner of Mintiply Capital
September 2025 www.thefinanceworld.com 75
Finance
Source: Ai generated
Tokenised sukuk in the GCC enhance accessibility, transparency, and sustainability.
Islamic Finance 2.0:
How Tokenisation is
Redefining Sukuk in the
GCC
Innovation and Tokenisation are Transforming
Sukuk in the GCC, Making Islamic Finance more
Inclusive and Sustainable.
The Gulf Cooperation Council (GCC)
continues to shape the global landscape
of Islamic finance, with sukuk serving
as one of its most powerful instruments
for economic growth and diversification.
Traditionally anchored in Sharia principles
of ethical and interest-free finance,
sukuk have long attracted institutional
investors seeking stability and trust. Today,
however, the sector is entering a new
phase as innovation and digitalisation
redefine how sukuk are issued, traded, and
accessed. Through tokenisation, fractional
ownership, and sustainable financing
structures, the GCC is pioneering Islamic
Finance 2.0, positioning itself as a global
leader in inclusive and technology-driven
capital markets.
76 www.thefinanceworld.com September 2025
The Gulf Cooperation Council
(GCC) has long been a leader
in Islamic finance, with sukuk,
or Sharia-compliant financial certificates,
playing a central role in funding
infrastructure, corporate projects, and
sovereign development. Traditionally
viewed as a stable asset class rooted
in ethical and interest-free principles,
sukuk are now undergoing a significant
transformation. Innovation, particularly
through tokenisation and digital
platforms, is paving the way for a new
era of Islamic Finance 2.0 that blends
tradition with cutting-edge financial
technology.
The Evolution of Sukuk in a Digital
Economy
Sukuk have historically been issued
through conventional channels, involving
complex documentation, lengthy
settlement times, and limited investor
participation. While these instruments
remain popular with institutional investors,
their reach among retail investors
has been restricted due to high entry
costs and limited liquidity. The rise of
fintech and blockchain-based solutions
is now reshaping these dynamics.
Tokenisation allows sukuk to be digitised,
enabling fractional ownership
and making them more accessible to a
broader pool of investors. By breaking
large issuances into smaller, tradeable
units, tokenisation democratises access
to Islamic finance, allowing individuals
to invest in sukuk with smaller amounts.
For the GCC, where sovereign sukuk
issuances already dominate global
markets, this shift represents a major
opportunity. According to the Islamic
Financial Services Board (IFSB), the
region accounted for more than 60%
of global sukuk issuance in 2023, with
Saudi Arabia and the UAE leading. As
these markets embrace digital issuance
platforms, sukuk are poised to become
more liquid, transparent, and efficient
than ever before.
Tokenisation as a Catalyst for
Inclusion
One of the most significant promises of
tokenised sukuk is financial inclusion.
By lowering barriers to entry, small and
medium-sized investors can participate
in a market previously dominated by
institutions.
Moreover, tokenisation reduces reliance
on intermediaries by leveraging
Tokenised sukuk reflect
the UAE’s commitment
to innovation in Islamic
finance, supporting
inclusion and sustainable
growth.”
H.E. Mohamed Bin Hadi Al-Hussaini, Minister
of State for Financial Affairs
blockchain technology for smart contracts,
settlement, and compliance
checks. This not only lowers costs but
also strengthens trust and transparency,
values deeply embedded in Islamic
finance. Real-time auditing and automated
Sharia compliance monitoring
can ensure integrity throughout the
investment process, making tokenised
sukuk more appealing to both domestic
and international investors.
Sustainability and Green Sukuk
Another defining feature of Islamic
Finance 2.0 is its alignment with sustainability
goals. The GCC has been
actively issuing green and sustainable
sukuk to fund renewable energy, clean
transportation, and social impact
projects. Tokenisation adds a layer of
innovation by enhancing traceability
and impact measurement. Investors
can track how their funds are being
utilised through blockchain-enabled
reporting, ensuring accountability and
alignment with environmental, social,
and governance (ESG) objectives.
For instance, the UAE’s Net Zero 2050
strategy and Saudi Arabia’s Vision 2030
have placed sustainability at the heart
of economic reform. By combining
sukuk structures with tokenisation,
governments and corporates can attract
ESG-conscious investors globally. This
intersection of faith-based finance and
sustainability strengthens the region’s
appeal as a capital markets leader.
Regulatory Innovation and
Challenges
The move toward tokenised sukuk,
however, requires regulatory innovation.
While blockchain-based instruments
promise efficiency, their
widespread adoption depends on
regulatory frameworks that balance
innovation with risk management.
GCC regulators have already begun
experimenting with sandboxes and
pilot projects. For example, the Dubai
Financial Services Authority (DFSA)
and Saudi Central Bank (SAMA) are
exploring guidelines for digital assets
and tokenised securities.
Sharia scholars and standard-setting
bodies such as the Accounting and
Auditing Organisation for Islamic
Financial Institutions (AAOIFI) will
also play a crucial role in validating
these instruments. The challenge lies
in ensuring that tokenisation does not
compromise the ethical foundations of
Islamic finance, particularly around
issues of speculation and excessive
risk. By establishing clear guidelines,
the GCC can build investor confidence
while safeguarding Sharia compliance.
The Role of Financial Institutions
and Fintechs
Banks, asset managers, and fintech
companies in the GCC are actively exploring
the integration of digital sukuk
platforms. Major Islamic banks are
collaborating with technology providers
to test blockchain-based issuance and
trading platforms, signalling a growing
ecosystem of partnerships.
Fintech startups, in particular, are
driving innovation by offering platforms
that support fractional sukuk investment
and peer-to-peer trading. These
firms leverage mobile-first solutions to
engage younger, tech-savvy investors
who demand seamless, transparent, and
low-cost financial products. In parallel,
traditional institutions are rethinking
their models to remain competitive in
this evolving landscape.
September 2025 www.thefinanceworld.com 77
Insta360 GO Ultra
4K60 Action
Camera
Insta360 has introduced the GO Ultra, the latest addition
to its GO series, bringing powerful 4K recording
to a camera that still fits in your pocket. Designed for
creators, adventurers and everyday users, this compact
yet capable device delivers professional-grade
performance in an ultra-portable form factor.
Expected Specs: Compact Design, Big Upgrades
Design
Square-shaped body with
magnetic mounting, available
in Midnight Black and
Arctic White
Photo
50MP stills, RAW capture,
PureShot enhancement
Sensor
1/1.28-inch sensor with upgraded
image processing and lowlight
performance
Battery
500mAh built-in, ~70 minutes
standalone, up to 180–200 minutes
with Action Pod
Video
4K at 60fps, Active HDR
at 4K30, slow motion at
1080p/240fps
Charging
USB-C fast charging (80% in
12 minutes)
Storage
microSD slot up to 2TB (no
internal storage)
Display
2.5-inch flip touchscreen on
Action Pod
Stabilisation
FlowState stabilisation, horizon
lock, ultra-wide 156° FOV
Connectivity
Bluetooth 5.4, Apple Find
My support, fitness app data
overlays
+ +
Water Resistance
Accessories
Magnetic Pendant, Easy Clip,
Toddler Hat Clip, sticky tabs,
Ring Remote and more
Camera waterproof, Action
Pod IPX4 splash-resistant
78 www.thefinanceworld.com September 2025
Pros
Why Choose the Insta360
GO Ultra
The Insta360 GO Ultra redefines pocket action
cameras by merging portability with professional
performance. With 4K60 video, advanced low-light
imaging, and FlowState stabilisation, creators can
capture smooth, cinematic shots anywhere. Its modular
Action Pod with a flip screen and extended battery
life gives flexibility for long shoots, while the broad
accessory ecosystem unlocks countless mounting
options. Unlike bulkier rivals, it remains ultra-compact,
discreet, and creator-focused, making it the
most versatile pocket-sized action camera for travel,
adventure, and everyday storytelling.
Ultra-compact and pocket-friendly design
4K60 video with improved low-light performance
FlowState stabilisation with horizon lock
for smooth footage
Modular Action Pod with flip screen for
flexible shooting
Strong accessory ecosystem (pendant,
clip, hat mount, remote)
Long battery life when paired with Action
Pod (up to 200 mins)
Fast USB-C charging (80% in 12 minutes)
Apple Find My integration and smart app
editing tools
Performance Highlights
Expandable storage via microSD up to
2TB
4K60 video with enhanced low-light quality
Long battery life with Action Pod extension
Modular design with rich accessory ecosystem
Fast charging with larger flip screen for easy
framing
Smart app integration for AI editing and fitness
overlays
Cons
Slightly larger and heavier than the GO 3S
No internal storage, microSD required
Action Pod is splash-resistant only, not
fully waterproof
Image sharpness lags behind high-end
competitors
Mounts are not cross-compatible with all
Insta360 ranges
Final Thoughts
The Insta360 GO Ultra strikes an impressive balance between portability and professional performance. With 4K60 recording,
upgraded low-light capability, and modular accessories, it is an excellent choice for POV content and hands-free shooting. While
it may not match premium rivals in sharpness or durability, its combination of size, flexibility and creator-focused tools makes
it one of the most versatile pocket action cameras available today.
September 2025 www.thefinanceworld.com 79
Market Insights
Source: Ai generated
Dubai Financial Market records strong growth as corporate earnings.
Dubai’s Market
Momentum: How Strong
Corporate Earnings Are
Powering Growth
Dubai’s Markets are Surging in 2025, Driven by
Robust Corporate Earnings and Foreign Investor
Participation
Dubai’s financial markets have entered
2025 with remarkable strength, propelled
by a surge in corporate earnings that
has reinforced the emirate’s position as
a regional investment hub. Companies
across banking, real estate, utilities, and
transport are reporting record profits,
instilling confidence among both domestic
and international investors. The Dubai
Financial Market has responded with significant
gains, reaching multi-year highs
and attracting heightened foreign inflows.
This performance not only reflects the
resilience of Dubai’s diversified economy
but also underscores its ability to thrive
amid global uncertainties, shaping a compelling
narrative of sustained growth.
80 www.thefinanceworld.com September 2025
Over the first half of 2025, Dubai’s
stock market has gained remarkable
momentum, consistently
outperforming many of its regional
peers. This growth has largely been
fuelled by robust corporate earnings,
strong investor participation, and favourable
macroeconomic signals. The
emirate’s economic model, increasingly
diversified beyond oil, is reinforcing
confidence among both domestic and
foreign investors and positioning Dubai
as a leading equity market in the Gulf.
Dubai-listed companies have reported
Dubai’s strong corporate
earnings and diversified
growth reflect the
emirate’s resilience and
its future-ready economy.”
His Excellency Helal Saeed Al Marri, Director
General, Dubai Department of Economy
and Tourism
exceptional financial results across key
sectors, creating a strong earnings
base for market performance. The net
earnings of firms on the Dubai Financial
Market (DFM) surged to USD 25.4 billion
in 2024, representing a 16 per cent rise
from the previous year. Banking, real
estate, and utilities dominated profits,
with lenders such as Emirates NBD and
Dubai Islamic Bank registering notable
gains alongside real estate leaders like
Emaar Properties and Tecom. Even in
quarters where the wider Gulf region
struggled, Dubai companies managed
to outperform. In the third quarter of
2024, corporate profits rose by 5.4 per
cent year-on-year, bucking a regional
downturn. The first half of 2025 has
continued this trend, with Emaar,
Dubai Islamic Bank, Emirates Islamic,
Dubai Commercial Bank, and DEWA
all reporting impressive results. Toll
operator Salik’s 50 per cent rise in
second-quarter profits exemplified
the earnings momentum lifting the
broader market.
Earnings Strength and Market
Performance
The impact of these results has been
clearly reflected in Dubai’s market indices.
In February 2025, the DFM reached
its highest level since 2014, driven by
gains in industrials and transport. By
July, the index climbed to a 17-year
high, marking a more than 22 per cent
increase year-to-date. This rally has
been supported by foreign investor
inflows, which accounted for more
than half of total trading in the first half
of the year. Market capitalisation also
recorded a sharp increase, adding AED
153 billion in value over seven months.
Average daily trading volumes rose significantly,
demonstrating the depth of
liquidity and confidence underpinning
the rally. Even amid geopolitical and
global economic headwinds, Dubai’s
index has managed to sustain momentum,
reaching a 17.5-year peak in
late July, boosted by strong earnings
from companies such as Dubai Taxi
Company and Salik.
One of the key reasons behind Dubai’s
market resilience lies in its diversified
economic base. Unlike some
neighbouring economies that remain
heavily reliant on oil, Dubai has cultivated
strength in banking, real estate,
transport, and utilities. This structural
diversification has provided a buffer
against oil price volatility and made
the emirate’s equity market more
appealing to international investors.
The role of initial public offerings has
also been critical. High-profile listings
such as Parkin and Spinneys in 2024
collectively raised over AED 10 billion,
widening market participation and
creating new investment opportunities.
Foreign interest has been strong,
with more than 53,000 new investors
entering the DFM in the first half of
2025, of whom 84 per cent were from
outside the UAE. This broadening of
the investor base is helping to anchor
liquidity and valuations.
Foreign Participation and Economic
Diversification
Investor activity has been complemented
by supportive global and domestic
conditions. Hopes of U.S. monetary
easing have acted as an additional
tailwind for Gulf markets, lifting appetite
for equities in Dubai. At the
same time, the emirate’s leadership
has demonstrated resilience through
consistent regulatory and fiscal policies
that enhance investor confidence.
Despite global uncertainties such as
tariff disputes and inflationary pressures,
Dubai’s market has remained
resilient, underscoring the stability of
its financial ecosystem.
That said, challenges cannot be
overlooked. Market corrections have
occurred in response to weaker non-oil
sector data, showing that momentum
remains sensitive to broader economic
signals. In early August, for instance,
the DFM fell modestly even as some
banks reported strong earnings, reflecting
investor caution about slowing
growth in certain areas. Furthermore,
while Dubai thrives, other Gulf markets
have displayed mixed results, with
Abu Dhabi and Saudi Arabia facing
pressures from oil dynamics and global
headwinds. These divergences highlight
the importance of continued earnings
resilience for Dubai to sustain its relative
outperformance.
Looking ahead, the outlook for
Dubai’s financial markets remains
positive but will depend on several
factors. The consistency of corporate
earnings across banking, real estate,
and infrastructure will be key to maintaining
investor enthusiasm. Sustained
foreign participation will also play a
crucial role, ensuring that liquidity
levels remain elevated and that valuations
are well supported.
Dubai’s market momentum in 2025
is anchored in tangible fundamentals
rather than speculative surges. Additionally,
the government’s ability to
uphold macroeconomic stability in
the face of shifting global monetary
policies and geopolitical risks will be
vital to ensuring that momentum is
not derailed.
September 2025 www.thefinanceworld.com 81
Corporate Results
ADNOC’s Logistics
H1’25 Net profit: AED 1,541M
Adnoc Logistics and Services (Adnoc
L&S), a global energy maritime logistics
leader, delivered record-breaking
second-quarter (Q2) and first-half (H1)
2025 results, comfortably surpassing
market expectations. Q2 revenue
jumped 40 per cent year-on-year (YoY)
to AED 4,617 million, supported by solid
growth across shipping and integrated
logistics operations. EBITDA rose 31
per cent YoY to AED 1,468 million,
while net profit increased 14 per cent
to AED 866 million, reflecting efficient
cost management. For H1 2025, revenue
reached AED 8,948 million, also up 40
per cent YoY, with EBITDA climbing 26
per cent to AED 2,731 million, sustaining
a strong 30 per cent margin. Net
profit stood at AED 1,541 million, a 5
per cent YoY increase and 18 per cent
higher than H2 2024.
Yalla Group
Q2’25 Net profit : AED 134.1M
Yalla Group Limited (NYSE: YALA), the
leading online social networking and
gaming company in the MENA region,
reported solid second quarter (Q2) 2025
results, ending June 30. The company
posted revenues of AED 310.7 million
(US$84.6 million), a 4.1% increase yearon-year,
while net income surged 16.4% to
AED 134.1 million (US$36.5 million). For
the first half of 2025, revenues reached
AED 618.8 million with net income of AED
267.7 million, reflecting strong operational
momentum. Yalla’s net margin climbed
to 43.2% in Q2, highlighting efficiency
gains, while Average Monthly Active
Users (MAUs) grew 8.8% year-on-year to
42.4 million. Founder, Chairman and CEO
Yang Tao praised the company’s robust
growth, attributing results to effective
user acquisition strategies.
Aldar
Q2’25 Net profit: AED 2.2B
Abu Dhabi-based Aldar Properties posted
a strong second-quarter performance
for 2025, with net profit climbing 25%
year-on-year (YoY) to AED 2.2 billion,
supported by robust development sales
and growth in its investment portfolio.
The figure surpassed analysts’ consensus
estimate of AED 1.82 billion,
according to LSEG. Quarterly revenue
surged 46% YoY to AED 7.7 billion,
while first-half net profit after tax rose
24% to AED 4.1 billion. Aldar reported
assets under management of AED 47
billion, alongside AED 12.2 billion in
unrestricted cash and AED 17.5 billion in
committed undrawn bank facilities as of
June-end. The company’s development
backlog expanded to AED 62.3 billion,
with AED 53.4 billion concentrated in
the UAE, reinforcing its position as a
leading regional developer.
Abu Dhabi Commercial
Bank
H1’25 Net profit: AED 5.942B
Abu Dhabi Commercial Bank (ADCB)
reported strong momentum in Q2 and
H1 2025, supported by favourable UAE
economic conditions and its strategic
agenda. Profit before tax rose 17% yearon-year
(YoY) to AED 3.035 billion in
Q2, marking four consecutive years of
quarterly growth, and increased 18%
YoY to AED 5.942 billion in H1. Net
profit after tax stood at AED 2.568
billion in Q2 and AED 5.014 billion
in H1, with returns on average equity
of 14.9% and 14.1% respectively.
Operating profit grew 22% YoY in H1,
driven by double-digit revenue growth
from non-interest income, solid credit
expansion, and strong CASA inflows.
Enhanced efficiency through disciplined
cost management and digital
transformation lowered the cost-toincome
ratio to a record 26.4% in Q2.
Dubai Electricity and Water
Authority
H1’25 Net profit: AED 2.9B
Dubai Electricity and Water Authority
(DEWA), Dubai’s exclusive utilities
provider listed on the Dubai Financial
Market, reported record first-half 2025
results, underscoring its operational
strength and sustainable growth trajectory.
Revenue reached AED 14.6
billion, a 6.9% year-on-year increase,
while EBITDA rose 5.3% to AED 7.0
billion. Operating profit stood at AED
3.7 billion, with net profit surging 13.2%
to AED 2.9 billion, supported by rising
demand and disciplined execution. Cash
generated from operations amounted
to AED 9.2 billion, reflecting robust
financial management. HE Saeed Mohammed
Al Tayer, Vice Chairman and
MD & CEO, reaffirmed DEWA’s commitment
to Dubai’s clean energy goals,
highlighting its pivotal role in driving
progress towards Net Zero Carbon by
2050, while continuing to deliver strong
shareholder value through efficiency.
Emaar Properties
H1’25 Net profit: AED 7.08B
Emaar Properties PJSC posted a strong
performance in the first half of 2025,
delivering robust growth across all
core business segments. Property
sales surged 46% year-on-year to AED
46 billion (USD 12.5 billion), surpassing
previous records and reinforcing
investor confidence in Emaar’s developments.
The revenue backlog
expanded by 62% to AED 146.3 billion
(USD 39.8 billion) as of 30 June 2025,
providing solid future income visibility.
Total revenue rose 38% to AED 19.8
billion (USD 5.4 billion), driven by
growth across property development,
retail, hospitality, and international
operations. Profitability remained
strong, with EBITDA increasing 30%
to AED 10.4 billion (USD 2.8 billion),
maintaining a healthy margin of over
52%. Net profit before tax rose 34% to
AED 10.4 billion, reflecting operational
efficiency.
82 www.thefinanceworld.com September 2025
Al Ansari Financial
Services
H1’25 Net profit: AED
212.24M
Al Ansari Financial Services, one of the
GCC’s leading non-banking financial
services providers, delivered record
first-half 2025 results, supported by solid
performance across its business portfolio
and the successful integration of
BFC Group following its Q2 acquisition.
Operating income rose 13% year-on-year
(YoY) to AED 638 million, underpinned by
strong demand and strategic expansion.
EBITDA increased 11% YoY to AED 287
million, with the Group maintaining a
healthy 45% EBITDA margin, reflecting
disciplined cost control and operational
efficiency. The performance highlights Al
Ansari’s resilience and ability to navigate
regional geopolitical challenges, while
capitalising on robust economic growth
across the UAE and wider GCC.
Parkin
Q2’25 Net profit: AED 148.4M
Parkin Company, Dubai’s largest paid
public parking operator, delivered record
results in Q2 2025, with revenue
surging 56% year-on-year to AED 320
million (USD 87.1 million). Growth
was driven by higher contributions
from public parking, seasonal card and
permit fees, and enforcement activities.
Revenues from developer parking and
enforcement, exempt from concession
fees, accounted for 37% of total revenues.
Public parking revenue rose
48% to AED 132.2 million, supported
by an increase in the weighted average
hourly tariff to AED 3.04. Peak-hour
revenues climbed to AED 78.3 million,
representing 59% of total public parking
revenue, compared to 47% in Q2 2024.
Average revenue per parking spot grew
38% to AED 701, up from AED 506 a
year earlier, reflecting effective tariff
adjustments and portfolio expansion.
DAE
H1’25 Net profit: AED 1.62B
Dubai Aerospace Enterprise (DAE)
reported robust performance in the first
half of 2025, driven by its acquisition
of Nordic Aviation Capital on May 7,
which expanded its owned, managed
and committed fleet by nearly 50% to
around 750 aircraft. Chief Executive
Officer Firoz Tarapore noted that front
office functions have been fully integrated,
with middle- and back-office
integration on track to conclude by the
end of the quarter. Revenue rose 24%
to AED 3.09 billion (US$843.6 million),
supported by the acquired business
and cost savings from debt refinancing
and reduced overheads, while pre-tax
margin reached 25.7% and return on
equity improved to 13.3%. Net profit
surged by 196% to AED 1.62 billion
(US$440.3 million). DAE Engineering
also delivered strong growth, with
Joramco’s revenue rising 26% to AED
436.7 million and profitability surging
80% to AED 143.6 million.
Arab Bank Group
H1’25 Net profit: AED 1.97B
Arab Bank Group delivered strong results
for the first half of 2025, with net
income after tax rising 6% to AED 1.97
billion (USD 535.3 million), compared
to AED 1.85 billion (USD 502.8 million)
a year earlier. The Group maintained a
robust capital position, reporting total
equity of AED 45.9 billion (USD 12.5
billion). For the six months ended June
30, 2025, assets expanded by 9% to AED
276.2 billion (USD 75.2 billion), while
loans increased by 6% to AED 146.2
billion (USD 39.8 billion). Deposits also
recorded healthy growth, climbing 9%
to AED 203.1 billion (USD 55.3 billion).
Commenting on the performance,
Sabih Masri, Chairman of the Board of
Directors, said the results highlight the
effectiveness of the bank’s strategy and
the resilience of its operating model.
Despite regional challenges, Arab Bank
has ensured sustainable growth and
shareholder value.
First Abu Dhabi Bank
H1’25 Net profit: AED 10.63B
First Abu Dhabi Bank (FAB), the UAE’s
largest bank and one of the world’s
safest financial institutions, posted
record results in the first half of 2025
with net profit rising 26% year-on-year
to AED 10.63 billion, marking the first
time it has surpassed AED 10 billion in
a half-year period. Earnings per share
grew 27% to AED 0.93, while Return
on Tangible Equity reached 20.5%,
exceeding the medium-term target of
above 16%. Profit before tax increased
29% to AED 12.83 billion, supported
by a 16% rise in operating income to
AED 18.31 billion. Growth was broadbased
across key sectors and client
segments. Net interest income rose 2%
to AED 9.96 billion, while non-interest
income surged 41% to AED 8.35 billion,
boosted by strong deal activity and FX
performance.
ADNOC Drilling Company
H1’25 Net profit: AED 2.54B
ADNOC Drilling Company delivered
a robust performance in the first half
of 2025, underscoring the company’s
strong growth trajectory and resilience
in a competitive market. Net profit after
tax surged 21% year-on-year to USD 692
million (AED 2.54 billion), compared
to USD 570 million (AED 2.09 billion)
in the same period of 2024. Revenues
for the first half rose 30% to USD 2.36
billion (AED 8.66 billion), reflecting
increased operational activity, while
earnings per share advanced to USD
0.04. For the second quarter of 2025,
ADNOC Drilling reported a 19% rise in
net profit to USD 351 million (AED 1.29
billion), with revenues climbing 28%
to USD 1.19 billion (AED 4.36 billion).
September 2025 www.thefinanceworld.com 83
Digital Assets
Source: Ai generated
Digital currency payments in Dubai strengthen government service efficiency.
What Dubai’s Move to
Accept Digital Currency
for Government Fees
Means
Dubai Embraces Digital Currency Payments for
Government Services, Signalling a Bold Shift in
Financial Innovation and Accessibility.
Dubai’s decision to accept digital currencies
for the payment of government
service fees marks a pivotal step in the
emirate’s digital transformation journey.
This move demonstrates the city’s ambition
to align with global financial innovation
while enhancing convenience for
residents, businesses, and international
investors. By integrating cryptocurrencies
into official transactions, Dubai is reinforcing
its position as a progressive hub
for financial technology. The initiative not
only showcases adaptability to emerging
payment systems but also underlines the
emirate’s broader vision of becoming a
leader in building a secure, transparent,
and future-focused digital economy.
84 www.thefinanceworld.com September 2025
Dubai has long positioned itself
at the forefront of digital transformation,
and its latest step in
financial innovation is set to reinforce
this reputation. By moving to accept
digital currencies for government
service fees, the emirate is signalling
a future where crypto is not merely
an investment asset but a functional
payment medium. This bold step aims
to enhance customer convenience,
attract global investors, and cement
Dubai’s position as a leader in financial
innovation. The implications of this
move are significant, spanning from
economic growth to regulatory considerations,
with ripple effects across
the wider Gulf region.
Dubai’s government has consistently
emphasised the importance of
financial modernisation. Accepting
digital currencies for official transactions
highlights a clear commitment
to adopting technologies that align
with the future of global finance. This
Integrating digital
currencies into
government services
reflects our commitment
to innovation and building
a secure, future-ready
economy.”
His Excellency Omar Sultan Al Olama,
Minister of State for Artificial Intelligence,
Digital Economy, and Remote Work Applications
decision not only caters to the growing
population of crypto holders within the
emirate but also signals to the world
that Dubai is prepared to experiment
with advanced payment ecosystems.
It reflects a mindset of inclusivity,
appealing to residents, expatriates,
and international investors seeking
seamless ways to interact with government
institutions.
Transforming Government Payments
Through Crypto Adoption
The adoption of digital currencies
for government services represents a
milestone in consumer convenience.
Traditionally, government fees are
paid via conventional methods such
as cash, cards, or bank transfers.
Introducing cryptocurrencies as an
additional channel reduces friction in
the payment process. For digital-savvy
residents and businesses, this option
provides flexibility and speed. It also
brings a new level of transparency,
as blockchain-based payments are
trackable and secure. By modernising
its payment infrastructure, Dubai is
actively reshaping how its citizens and
corporations engage with government
services.
From an economic perspective,
Dubai’s move is likely to strengthen
its attractiveness as a financial hub.
The emirate has already established
itself as a regional leader in fintech
and blockchain development through
regulatory sandboxes, free zones,
and government-backed innovation
strategies. Allowing crypto payments
integrates seamlessly into these broader
ambitions. For global businesses
seeking a crypto-friendly environment,
Dubai’s policy could serve as
a differentiator when deciding where
to base operations in the Middle East.
Moreover, the acceptance of crypto fees
may encourage foreign investment and
drive demand for blockchain-related
ventures within the emirate.
A key driver behind this initiative
is the changing landscape of global
finance. Across the world, central banks,
corporations, and financial institutions
are exploring digital currencies. By
acting early, Dubai is positioning itself
to remain competitive and ahead of
the curve. While some markets remain
hesitant due to volatility concerns,
Dubai’s pragmatic approach indicates
confidence in the long-term role of
digital assets. This proactive stance
ensures that the emirate will not only
participate in but also shape global
discussions on the future of money.
Setting New Standards in Financial
Security and Regulation
The integration of cryptocurrencies
into government systems, however, is
not without challenges. Price volatility
remains one of the most significant
concerns. Unlike traditional fiat currencies,
digital assets can fluctuate rapidly,
creating uncertainty around payment
values. To address this, Dubai may rely
on stablecoins or regulated payment
processors that instantly convert crypto
into dirhams, ensuring stability for both
users and the government. Establishing
robust frameworks to mitigate risks
will be crucial for long-term adoption.
Cybersecurity is another area requiring
careful attention. While blockchain
itself is secure, the wider digital asset
ecosystem can be vulnerable to hacks,
fraud, and illicit transactions. Dubai’s
existing commitment to digital safety
and its strong regulatory oversight will
be critical in safeguarding transactions.
Clear compliance measures, stringent
know-your-customer procedures, and
advanced fraud detection systems will
need to underpin this new payment
ecosystem to maintain public trust.
Regulation and governance also play
a defining role in the rollout of crypto
payments. Dubai has already taken
significant steps to regulate the virtual
asset sector through bodies like the
Virtual Assets Regulatory Authority
(VARA). The acceptance of crypto for
government fees will further necessitate
comprehensive guidelines covering
taxation, auditing, and operational
procedures. This will help align the
new framework with international
financial standards while maintaining
Dubai’s appeal as a progressive hub
for innovation.
Beyond regulatory and technical
considerations, the cultural significance
of this move cannot be overlooked.
Accepting cryptocurrencies as official
payment enhances public confidence in
their legitimacy. It marks a shift from
viewing digital assets solely as speculative
investments to recognising them
as everyday financial instruments. This
cultural transition will likely encourage
broader adoption, and stimulate fintech
innovation.
September 2025 www.thefinanceworld.com 85
Merger and Acquisition News
UAE Drives M&A Momentum with $25.4 Billion in H1 2025 Deals
The UAE led merger and acquisition
activity in the Middle East during
the first half of 2025, securing $25.4
billion in deal value. This momentum
positioned the country at the forefront
of regional investment activity and reinforced
its role as a hub for cross-border
transactions. The MENA region recorded
425 deals worth a total of $58.7 billion,
reflecting a 19 percent year on year increase
in value. Cross-border transactions
UAE and Saudi Arabia
Fuel $59 Billion M&A
Surge in the Middle
East
The UAE and Saudi Arabia were
the driving forces behind a strong
surge in merger and acquisition
activity across the Middle East during
the first half of 2025. Together, the two
countries accounted for $27.9 billion
of the total $58.7 billion recorded in
regional transactions. The UAE dominated
with $25.4 billion, while Saudi Arabia
contributed $2.5 billion. The performance
marked the region’s strongest first half
in five years, underpinned by mega deals
in the chemicals and technology sectors.
Sovereign wealth funds were instrumental,
backing more than 50 transactions with
a combined value of over $21 billion.
Cross-border activity dominated both
volume and value, confirming the Middle
East’s growing appeal to global investors
and its strategic importance in reshaping
sectoral investment trends.
represented the majority, contributing
more than half of deal volume and nearly
four fifths of overall value. Chemicals
and technology emerged as the leading
sectors, with the acquisition of a majority
stake in Borouge standing out as a
landmark deal. Sovereign wealth funds
and government related entities continued
to play a key role, accounting for a
significant portion of transaction value
in the first half of 2025.
IFS Acquires 7bridges to Enhance Industrial Supply
Chain Capabilities with AI
IFS, a global leader in industrial AI
software, has announced the acquisition
of 7bridges, a provider of
AI powered supply chain management
solutions. This move strengthens IFS’s
position in logistics and transportation
optimization by incorporating 7bridges’
specialized capabilities in AI simulation
and analytics. The 7bridges platform is
designed for industrial supply chains,
offering rapid, low cost data capture,
a structured semantic data layer and
powerful AI to tackle complex logistics
challenges. By integrating 7bridges
into IFS Cloud, the company plans to
accelerate development of next generation
AI enabled supply chain solutions
across asset and service oriented
sectors such as manufacturing and
aerospace and defense. The acquisition
follows IFS’s recent investments in AI,
including the acquisition of TheLoops
and the launch of Nexus Black, its AI
innovation accelerator.
VT Markets Secures SCA Licence in the UAE
VT Markets has obtained a Category
5 license from the UAE’s Securities
and Commodities Authority
(SCA) for its Dubai branch, operating
under license number 20200000299.
This authorisation empowers the firm
to perform regulated activities such as
introduction and promotion of financial
services within the UAE market. The
licence strengthens VT Markets’ regulatory
credentials and highlights its commitment
to secure and compliant operations in
the region. While this enables them to
bring clients into regulated entities, it
does not permit the firm to hold client
funds or execute trades directly. The new
licence positions VT Markets Dubai as
a trusted financial services partner in a
fast-evolving market and supports its
broader ambition to enhance presence
and licensing in key global jurisdictions
through a robust regulatory approach.
86 www.thefinanceworld.com September 2025
Multiply Acquires 68 % Stake in Spanish Fashion Retailer Tendam
Multiply Group, the Abu Dhabi-listed
investment holding
firm, has acquired approximately
67.91 percent of Castellano
Investments, the owner of Tendam,
Spain’s second-largest apparel group.
The acquisition values the company at
an enterprise value of around AED 5.6
billion (approximately USD 1.5 billion).
Tendam operates over 1,800 retail outlets
across more than 80 markets, including
Spain, Portugal, France, the UAE and
Latin America, and owns established
brands like Women’Secret, Springfield,
Cortefiel and Pedro del Hierro. Multiply’s
investment forms its first major entry
into Europe and launches a new retail
and apparel vertical, with Tendam as
its core platform. Following the deal,
CVC Funds and PAI Partners retain a
minority share. Multiply plans to drive
Tendam’s growth through international
expansion across Europe, Latin America
and the Middle East and will support
brand innovation using AI and strategic
mergers and acquisitions.
ServeU Acquires
House Keeping in AED
100M Deal
ServeU, the facilities management
subsidiary of Union Properties,
has acquired House Keeping LLC,
House Keeping Domestic Workers LLC,
and their subsidiary in a transaction valued
at AED 100 million (approximately
USD 27.23 million). This strategic acquisition
will strengthen ServeU’s market
presence and operational capacity in the
UAE. House Keeping, recognized as the
country’s second-largest provider in its
segment, brings a dedicated workforce
of 136 housekeeping professionals and
around 8,700 domestic workers. In FY
2024, the company generated AED
221.1 million in revenue and recorded
EBITDA of AED 21.4 million. Under the
terms of the deal, the acquired entities
will retain their brand identities while
operating under ServeU’s ownership.
The integration, set to take effect in
August 2025, is projected to contribute
about 23 percent to ServeU’s revenue
and boost EBITDA by 33 percent,
enhancing its service delivery and
growth trajectory.
UK Clears Boeing’s $4.7B Takeover of Spirit
AeroSystems
The UK’s Competition and Markets
Authority has given its approval
for Boeing’s proposed $4.7 billion
acquisition of Spirit AeroSystems,
concluding that the deal does not raise
competition concerns in the UK market.
The regulator had launched an initial
review in June and confirmed that it
would not proceed with an in-depth
investigation, issuing clearance ahead
of the August 28 deadline. Spirit, the
world’s largest independent aerostructures
manufacturer, will now return under
Boeing’s ownership nearly 20 years
after being spun off. The acquisition
is a strategic move by Boeing to bring
greater control over its supply chain,
improve manufacturing efficiency, and
address persistent quality challenges
that have impacted its aircraft production.
While the UK approval marks an
important milestone, the transaction
still requires clearances from regulators
in other jurisdictions, including the
United States and the European Union.
Gulf Bank and Warba Bank Appoint Advisors for
Potential Merger
Gulf Bank and Warba Bank, both
listed on Boursa Kuwait, have
each appointed advisory teams
to conduct feasibility studies and due
diligence in connection with their
proposed merger. Warba Bank has
engaged Bain & Company as management
consultant, J.P. Morgan as lead
financial advisor, Al Shall Consulting
as local investment advisor, Clifford
Chance as lead legal advisor, and Al
Tamimi & Co as local legal advisor.
Gulf Bank has secured Goldman Sachs
as its investment consultant, McKinsey
Kuwait for commercial consulting,
PwC for financial and tax matters,
International Counsel Bureau as local
legal advisor, and Freshfields Bruckhaus
Deringer as global legal advisor.
Both banks received approval from the
Central Bank of Kuwait to appoint these
advisors. This collaboration follows a
Memorandum of Understanding signed
in mid-2025 and represents an important
milestone in creating a unified Islamic
banking institution in Kuwait.
September 2025 www.thefinanceworld.com 87
Telecommunication
Source: Ai generated
5G-Advanced rollout empowers UAE with ultra-fast connectivity, driving innovation, and progress.
du Hits 5G-Advanced
Milestone in the UAE:
What the Live Network
Rollout Really Means
du Launches 5G-Advanced in the UAE,
Advancing Digital Transformation with
Sustainable Connectivity.
The UAE has once again demonstrated
its leadership in digital transformation
with du achieving a major milestone by
launching 5G-Advanced on its live network.
This development makes the nation
the first in the Middle East to roll out the
next generation of mobile technology,
reinforcing its position as a global hub
for connectivity and innovation. The
deployment promises faster speeds, ultra-low
latency, and greater reliability
while aligning with sustainability goals.
Beyond enhanced consumer experiences,
it opens vast opportunities for enterprises,
smart city initiatives, and industrial
applications that will define the future
digital economy.
88 www.thefinanceworld.com September 2025
The UAE has marked another
milestone in its journey towards
becoming a global leader in
digital transformation with du announcing
the successful deployment
of 5G-Advanced technology on its live
network. This achievement makes the
nation the first in the Middle East to
roll out this next-generation capability,
solidifying its position at the forefront
of telecommunications innovation. By
collaborating with global technology
partners, du is shaping the foundation
for a future where ultra-fast, reliable,
and sustainable connectivity powers
both consumer and enterprise
5G-Advanced strengthens
the UAE’s innovation
agenda, supporting
smart cities, industries,
and sustainable digital
growth.”
H.E. Omar Sultan Al Olama, Minister of
State for Artificial Intelligence, Digital
Economy and Remote Work Applications
ecosystems.
At the core of the rollout lies the
world’s first 64T64R Dual Band Active
Antenna Unit, operating across
the 3.7 GHz and 2.6 GHz spectrum
bands. This technical upgrade offers
significant enhancements in capacity,
coverage, and spectrum efficiency
while simultaneously reducing energy
consumption and equipment complexity.
For end-users, this translates
to higher quality connections, faster
speeds, and better service delivery in
both urban and remote environments.
For the industry, it represents a critical
step toward building a resilient digital
infrastructure that can scale alongside
the demands of the future economy.
Transforming Connectivity and
User Experience
The benefits of 5G-Advanced are manifold.
Consumers will now be able to
experience ultra-fast speeds reaching
up to 5.4 Gbps, with average data rates
improving by as much as one-third
compared to existing 5G networks.
This ensures seamless performance for
activities such as 8K video streaming,
high-definition video conferencing,
cloud gaming, and immersive augmented
or virtual reality experiences.
Enhanced uplink speeds and stronger
performance at the edge of network
cells will further reduce the frustrations
often associated with patchy
coverage, delivering a more consistent
user experience across the country.
For enterprises, the opportunities
are even more transformative. The
rollout introduces capabilities that
support massive Internet of Things
deployments, ultra-reliable low latency
communication, and machine-to-machine
connectivity at an unprecedented
scale. Businesses in sectors
such as healthcare, manufacturing,
logistics, and energy stand to benefit
from real-time monitoring, intelligent
automation, and improved operational
efficiency. Industrial applications requiring
split-second responsiveness,
such as autonomous vehicles and
robotic process automation, can now
be developed and deployed more
effectively within the UAE’s borders.
Enterprise, Sustainability, and
Smart Ecosystem Advancement
One of the most critical aspects of the
5G-Advanced rollout is its alignment
with the UAE’s broader sustainability
objectives. By integrating multiple
spectrum bands within a single antenna
structure, du has successfully reduced
the power required to deliver greater
network capacity. This move significantly
lowers the carbon footprint
associated with telecom infrastructure,
demonstrating that cutting-edge connectivity
and environmental responsibility
can progress hand in hand. For
a nation committed to net-zero goals,
such energy-efficient innovations are
a vital part of the digital economy’s
sustainable future.
The deployment also reinforces
the UAE’s strategic role as a global
technology hub. By leading the introduction
of 5G-Advanced in the region,
the country strengthens its appeal to
investors, entrepreneurs, and innovators
seeking a digitally advanced base
of operations. The enhanced network
capabilities create fertile ground for
start-ups and established companies
alike to test, scale, and commercialise
next-generation services. In this sense,
the rollout is not just a milestone for
telecommunications but also a catalyst
for economic diversification and global
competitiveness.
On the enterprise side, industries
such as transport, energy, and healthcare
stand to gain substantially. Smart
transport systems will benefit from
ultra-low latency, enabling safer and
more responsive mobility solutions.
Energy providers can leverage the
technology for smart grid management,
predictive maintenance, and improved
resource allocation. Healthcare institutions
will have the ability to use
real-time data transmission to power
telemedicine, connected devices, and
advanced diagnostic technologies.
The reliability and responsiveness of
5G-Advanced make it a foundational
layer for mission-critical applications
where downtime is simply not an option.
Global Innovation Leadership and
Economic Diversification
The deployment also serves as a precursor
to future technological advancements.
By laying the groundwork for
smart city ecosystems, du is enabling
urban planners to adopt digital infrastructure
capable of dynamically responding
to real-world conditions. This
includes intelligent traffic management,
connected utilities, and automated
safety systems. As more devices and
services become interconnected, the
importance of a secure, high-capacity,
low-latency network will only continue
to grow. The UAE’s early move into
5G-Advanced ensures it remains ahead
of global trends in building future-ready
cities and industries.
September 2025 www.thefinanceworld.com 89
Sports News
Sheikh Mansour Joins Residents for Volleyball at Abu Dhabi Summer Sports
During a recent appearance at the
Abu Dhabi Summer Sports event
held at the Abu Dhabi National
Exhibition Centre, His Highness Sheikh
Mansour bin Zayed Al Nahyan unexpectedly
stepped onto the volleyball
court, joining local athletes in a friendly
match. The surprise participation
added a vibrant and inclusive touch
to the occasion, embodying the UAE
leadership’s commitment to shared
Zayed Charity Run in Beijing
Highlights Strength
of UAE-China Relations
The Zayed Charity Run, an international
sporting inspired by
the legacy of the late Sheikh
Zayed bin Sultan Al Nahyan, will hold
its Beijing edition along the iconic
Great Wall at the Mutianyu section on
21 September 2025. The event forms
part of a wider collaboration between
the UAE and China that celebrates
friendship, cultural exchange, and
community participation. This year’s
edition will include the Huairou Great
Wall Marathon together with 5 km and
10 km community runs that encourage
wide participation. A robot race will be
introduced, reflecting innovation and
creativity within the sporting event.
Alongside the athletic competitions,
a number of family-oriented cultural
programmes and activities for People
of Determination will also take place,
culminating in a gala awards ceremony.
With registration open to more
than 51,000 expected participants
from both countries, the initiative
reflects the shared values of charity,
and healthy living that underpin the
strong and growing ties between the
UAE and China.
community engagement and an active
lifestyle. Sheikh Mansour toured the
expansive, climate-controlled venue,
spanning over 37,000 square meters,
and met with organizers to learn more
about the diverse programs on offer,
designed to cater to individual athletes,
families, and children alike. With more
than 52 indoor courts and pitches for
over 12 team sports and its own indoor
running track.
UAE’s Alia Abdulsalam Sets Personal Best in
Formula 4 Powerboat Time Trial
Emirati powerboat racer Alia Abdulsalam
Fairooz, representing
Team Mubadala, delivered an
impressive performance at the opening
round of the Scandinavian Formula 4
Powerboat Championship in Norway.
Despite facing a technical malfunction
that kept her out of the main race, she
achieved a personal best lap time of
48.34 seconds during the free practice
and official time trial sessions. This
milestone reflects her growing skill
and determination to compete at the
highest level, showcasing resilience
under challenging conditions. Team
Mubadala commended her progress,
noting her ability to consistently improve
and adapt with each race outing.
The team will now move into a short but
focused training camp in Sonja, Norway,
as part of their preparations for the
upcoming championship round in Italy
on 15 September. Alia’s achievement is
not only a personal triumph but also
a promising sign for the UAE’s representation
in international powerboat
racing, inspiring more young Emiratis to
pursue competitive motorsport careers.
Sardar Azmoum & Hamad Almeqbaali Shine in
UAE Pro League Awards
At a glittering ceremony held on
August 9, 2025 at Abu Dhabi’s
Emirates Palace Mandarin Oriental,
Shabab Al Ahli dominated the 2024–25
UAE Pro League Awards, confirming
their status as the season’s standout
team. The evening’s spotlight fell on
Sardar Azmoum, who was crowned
with the prestigious Golden Ball as
Best Player after an outstanding debut
campaign in which he registered 11 goals
and 6 assists in 21 league matches. His
consistent attacking brilliance earned
him recognition as one of the league’s
top performers. Equally impressive
was Hamad Almeqbaali, who claimed
the Golden Glove award for his exceptional
goalkeeping, cementing Shabab
Al Ahli’s strength in defence. Further
honours saw Paulo Sousa named Best
Coach, Guilherme Da Silva awarded
the Golden Boy for best U-23 talent,
Nabil Fekir credited with Goal of the
Year, and Mohamed Elneny voted Fans’
Player of the Year.
90 www.thefinanceworld.com September 2025
Rashid Al Mulla Secures Bronze in Aquabike World Championship
Emirati aquabike sensation Rashid
Al Mulla, representing Team Abu
Dhabi under the Abu Dhabi Marine
Sports Club, claimed the bronze
medal in the Freestyle category at the
opening round of the Aquabike World
Championship—Grand Prix of Indonesia,
held on Lake Toba. The world champion
demonstrated resilience and prowess
amid fierce competition, earning a commendable
total of 40 points, trailing
Penge Crowned Closing
Swing Champion
on DP World Tour
English golfer Marco Penge has
been named the Closing Swing
Champion on the DP World
Tour following his victory at the Made
in Denmark Championship, marking a
landmark achievement in his season.
The win was his second on tour this
year, following his earlier triumph
at the Hainan Classic in China, and
helped him amass 1,051 Closing Swing
points. This success propelled him
to second place in the Race to Dubai
rankings, significantly advancing his
season objectives. As Closing Swing
champion, Penge earned a US $200,000
bonus and secured automatic entry
into the “Back 9” series, a sequence of
nine prestigious tournaments leading
up to the season-ending DP World Tour
Play-Offs taking place in Abu Dhabi
and Dubai. In Denmark, he finished at
16-under-par, edging out local favorite
Rasmus Højgaard, who came in at
15-under-par.
Italy’s Roberto Mariani, who took gold
with 50 points, and Massimo Accumulo,
who secured silver with 44 points. The
Grand Prix marked the first stop of the
season and set the stage for the next
round in Olbia, Italy, scheduled from
October 17–19. Al Mulla’s achievement
reflects his ongoing dominance and
consistency at the highest level of his
sport, reinforcing his status as a global
standout in freestyle aquabike racing.
Sheikh Khaled Welcomes UFC President to Strengthen
Abu Dhabi’s Sporting Vision
His Highness Sheikh Khaled bin
Mohamed bin Zayed Al Nahyan,
Crown Prince of Abu Dhabi
and Chairman of the Executive Council,
recently welcomed Dana White,
President of the Ultimate Fighting
Championship, during a meeting in
Abu Dhabi. The discussion centred on
strengthening cooperation between
the UFC and Abu Dhabi, building on a
successful partnership that has already
brought globally renowned mixed
martial arts events to the emirate.
Sheikh Khaled emphasised the UAE’s
commitment to supporting worldclass
sporting events and developing
The second edition of the Khaled
bin Mohamed bin Zayed Jiu-Jitsu
Championship (No-Gi) kicked off
its fifth round at Al Nasr Club in Dubai,
drawing widespread participation from
clubs and academies across the UAE.
By the end of the opening day, Sharjah
Self-Defence Sports Club emerged at the
top of the standings, followed closely by
Al Ain Jiu-Jitsu Club in second place and
Abu Dhabi as a leading destination
for international athletes, fans, and
investors.
Sharjah Self-Defence Takes Early Lead at No-Gi
Jiu-Jitsu Championship
ADMA (Abu Dhabi Martial Arts) in third.
The competition featured intense and
skilful bouts in the under-12, under-14,
and under-16 categories, where young
athletes showcased their technical ability,
rapid responses, and precise execution.
The strong organisational support and
enthusiastic participation underscored
the growing popularity and institutional
backing for jiu-jitsu in the UAE.
September 2025 www.thefinanceworld.com 91
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