50 Most Influential Business Women of the UAE 2026 | Finance World Magazine Power Issue
Every sector is experiencing transition simultaneously. Retail investors are accessing opportunities once restricted. Private markets are restructuring. Hedge funds are operating with greater precision. Data is establishing itself as foundational to trust in trade. Healthcare is being reimagined. Artificial intelligence is embedding across finance while security demands intensify. This month’s cover story features the 50 Most Influential Business Women of the UAE – leaders across healthcare, technology, energy, real estate, and innovation. Their decisions shape markets. Their ventures influence capital allocation. Their leadership strengthens the entire business ecosystem. When businesses are strong across all sectors, financial systems function more effectively. This is the connection: robust leadership in healthcare, technology, and innovation creates the conditions for stable, growing markets. Leadership isn’t confined to finance. It emerges wherever vision meets execution. The UAE demonstrates this principle clearly. Diverse leadership across sectors. Diverse sources of growth. Interconnected strength. The economy doesn’t operate in silos, finance responds to what’s being built everywhere else. What we’re observing in this edition is straightforward. Capital moving toward opportunity. Infrastructure being built with intention. Systems being strengthened from multiple directions. Markets responding to genuine economic activity, not speculation or trend-chasing.
Every sector is experiencing transition simultaneously. Retail investors are accessing opportunities once restricted. Private markets are restructuring. Hedge funds are operating with greater precision. Data is establishing itself as foundational to trust in trade. Healthcare is being reimagined. Artificial intelligence is embedding across finance while security demands intensify.
This month’s cover story features the 50 Most Influential Business Women of the UAE – leaders across healthcare, technology, energy, real estate, and innovation. Their decisions shape markets. Their ventures influence capital allocation. Their leadership strengthens the entire business ecosystem. When businesses are strong across all sectors, financial systems function more effectively. This is the connection: robust leadership in healthcare, technology, and innovation creates the conditions for stable, growing markets. Leadership isn’t confined to finance. It emerges wherever vision meets execution.
The UAE demonstrates this principle clearly. Diverse leadership across sectors. Diverse sources of growth. Interconnected strength. The economy doesn’t operate in silos, finance responds to what’s being built everywhere else. What we’re observing in this edition is straightforward. Capital moving toward opportunity. Infrastructure being built with intention. Systems being strengthened from multiple directions. Markets responding to genuine economic activity, not speculation or trend-chasing.
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Property’s New Pace: Fast Sales Reshaping Buyer Behavior In The UAE
Finance In Transition: Key Trends That Could Shape Global Markets In 2026
Stablecoins Gain Momentum In The Global Financial System
Artificial Intelligence And The Escalating Global Cyber Crisis
May 2026
MOST
INFLUENTIAL
BUSINESS
WOMEN
OF THE
UAE
2026
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Editor’s Note Note
One way to keep momentum going is
to constantly have greater goals.
Editor’s Note
EDITORIAL
Ambrish Agarwal,
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Fi n a n c e i n T r a n s i t i o n
Every sector is experiencing transition simultaneously.
Retail investors are accessing opportunities once
restricted. Private markets are restructuring. Hedge funds
are operating with greater precision. Data is establishing
itself as foundational to trust in trade. Healthcare is being
reimagined. Artificial intelligence is embedding across finance
while security demands intensify.
This month’s cover story features the 50 Most Influential
Business Women of the UAE – leaders across healthcare,
technology, energy, real estate, and innovation. Their decisions
shape markets. Their ventures influence capital allocation.
Their leadership strengthens the entire business ecosystem.
When businesses are strong across all sectors, financial
systems function more effectively. This is the connection:
robust leadership in healthcare, technology, and innovation
creates the conditions for stable, growing markets. Leadership
isn’t confined to finance. It emerges wherever vision meets
execution.
The UAE demonstrates this principle clearly. Diverse
leadership across sectors. Diverse sources of growth.
Interconnected strength. The economy doesn’t operate in
silos, finance responds to what’s being built everywhere else.
What we’re observing in this edition is straightforward.
Capital moving toward opportunity. Infrastructure being built
with intention. Systems being strengthened from multiple
directions. Markets responding to genuine economic activity,
not speculation or trend-chasing.
feedback@mcfillmedia.com
FEEDBACK & SUGGESTIONS
+971 55 889 5917,
feedback@mcfillmedia.com
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May 2026 www.thefinanceworld.com 5
Contents May
2026
COVER STORY
INFOGRAPHIC
P18 | Halo Trade
Why Investors Are Shifting Away from Tech
INTERVIEW
P26 | 50 Most Influential Business Women 2026
Recognizing the women leaders redefining industries, driving
innovation, and shaping the UAE’s future economy.
REAL ESTATE
P10 | Property’s New Pace: Fast Sales Reshaping Buyer
Behavior In The UAE
Rapid Sales and Rising Supply are Reshaping Buyer Strategy Across the
UAE Real Estate Market
P24 | Future of Payments & Cross-
Border Transactions
An insight into how digital innovation and evolving
financial infrastructure are transforming global
payments and cross-border transactions.
6 www.thefinanceworld.com May 2026
WHEELS
FINANCE
P86
| GENESIS G90 WINGBACK CONCEPT
A New Era Of Automotive Luxury
TRADE
P88 | Finance In Transition: Key Trends
That Could Shape Global Markets In
2026
Emerging Financial Trends and Digital Innovation
are Reshaping Global Markets and Investment
Strategies for 2026
TRAVEL
P68 | Why Data Is Becoming the New Currency Of Trust In
Global Trade
Data is Becoming the Invisible Collateral, Strengthening Trust and
Transparency in Global Trade
P92 | Tourism-Driven Real Estate: How
Visitor Demand Is Reshaping Property
Markets
Tourism Demand is Reshaping Real Estate Markets
and Creating New Investment Opportunities in the
UAE
May 2026 www.thefinanceworld.com 7
GROW YOUR
BUSINESS
We make Short / Long Term
Investments in Growing Businesses
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Real Estate
Source: Ai generated
Dubai’s skyline highlights a fast-moving property market driven by demand, data, and evolving supply trends.
Property’s New Pace:
Fast Sales Reshaping
Buyer Behavior In The
UAE
Rapid Sales and Rising Supply are Reshaping
Buyer Strategy Across the UAE Real Estate
Market
The UAE real estate market continues to
operate at high velocity, but the dynamics
shaping buyer behavior are becoming
more sophisticated. While prime property
launches still sell out within hours,
investors are no longer driven by speed
alone. Rising supply pipelines, data accessibility,
and market maturity are shifting
decision-making toward a more selective
and strategic approach. Strong population
growth, sustained foreign investment,
and digital transaction platforms continue
to fuel activity across Dubai and Abu
Dhabi. However, the market is evolving
beyond momentum-driven transactions,
with buyers placing greater emphasis on
asset quality, developer credibility, and
long-term value in an increasingly competitive
landscape.
10 www.thefinanceworld.com May 2026
The UAE real estate market has
entered a phase where transaction
speed remains high, but
outcomes are shaped by selectivity,
data, and supply dynamics. While rapid
sell-outs define prime developments,
the broader market is becoming more
segmented and disciplined, reflecting
both sector maturity and evolving
investor expectations.
Dubai recorded more than 270,000
real estate transactions in 2025, reinforcing
its position as one of the
most active global property markets.
Entering 2026, momentum remains
strong, supported by population growth,
international investment, and economic
expansion. However, demand is becoming
more targeted, and absorption rates
are beginning to vary across segments.
A Market Where Speed Meets
Selectivity
Rapid sales cycles remain a defining
feature, particularly in waterfront
developments, branded residences,
and master-planned communities.
Off-plan properties dominate volumes
due to flexible payment plans and early
pricing advantages.
Developers continue to drive urgency
through phased releases, priority booking,
and controlled inventory strategies.
However, speed is no longer uniform.
While premium developments sell out
within hours, mid-market inventory in
some locations is experiencing longer
cycles. This reflects a shift toward selective
capital deployment, with buyers
prioritizing quality over quantity.
Digital platforms have accelerated execution,
allowing real-time reservations
globally. However, decision-making has
become more analytical, supported by
data and market insights.
Demand Remains Strong, but More
Targeted
The UAE benefits from strong structural
drivers, including population growth,
diversification, and foreign investment.
Dubai’s population has surpassed four
million, reinforcing long-term housing
demand. Government initiatives, including
long-term residency programs,
continue attracting global investors.
Demand is increasingly concentrated
in high-quality assets. The luxury
segment remains strong, driven by
high-net-worth investors, while villas
and townhouses see sustained demand
Real estate projects need
to adjust their pace to
provide added value to
our national economy and
avoid becoming a source
of burden or imbalance to
our economic journey.”
His Highness Sheikh Mohammed bin
Rashid Al Maktoum, Vice President and
Prime Minister of the UAE, Ruler of Dubai
from end-users.
Other segments are stabilizing. Price
growth remains positive but is moderating
in some areas as supply increases,
signaling a shift toward more sustainable,
fundamentals-driven conditions.
Buyer Behavior is Becoming More
Sophisticated
Buyer behavior has evolved significantly.
Speed is no longer driven solely by
urgency but by access to real-time data,
insights, and developer performance
metrics.
Investors now prioritize developer
track record, delivery timelines, micro-location
fundamentals, and rental
yields. Pre-launch strategies remain
relevant, but buyers are more selective,
focusing on projects offering clear
differentiation and long-term value.
End-user participation is also rising,
with residents transitioning from
renting to ownership due to improved
financing and increased confidence.
This is creating a more balanced demand
profile.
Supply Pipelines are Reshaping
Market Dynamics
Upcoming supply is a defining factor in
the current cycle. A significant volume
of residential units is scheduled for
delivery, particularly in Dubai, influencing
sentiment and pricing.
Investors are becoming more cautious
in areas with high future supply,
increasing the importance of micro-market
analysis. While off-plan launches
continue to support short-term pricing,
competition is expected to intensify as
projects are completed, especially in
mid-market segments.
Developers are responding through
product differentiation, focusing on
integrated communities, lifestyle amenities,
and mixed-use developments to
enhance long-term value.
Balancing Opportunity with
Discipline
The market continues to offer strong
opportunities, but risks are more nuanced.
Investors must balance speed
with informed decision-making.
Key risks include oversupplied locations,
inexperienced developers,
and overestimating short-term price
growth. At the same time, stronger
regulations, escrow protections, and
improved transparency are enhancing
stability and investor confidence.
The Future Scenario
The sector is expected to maintain
positive momentum, supported
by economic fundamentals and
population growth. However, future
expansion will be defined by differentiation
rather than uniform growth.
Prime assets are likely to outperform,
while less competitive projects may face
longer sales cycles and pricing pressure.
Developers will need more strategic
supply management and positioning.
For investors, success will depend
on combining speed with insight,
using data-driven analysis to navigate
an increasingly competitive market.
The UAE real estate market is no
longer defined solely by rapid sales,
but by a balance between speed and
strategy. Strong demand and digital
innovation continue to drive activity,
while rising supply reshapes buyer
behavior across different segments.
As the market matures, the focus is
shifting toward quality, differentiation,
and long-term value.
May 2026 www.thefinanceworld.com 11
Real Estate News
Dubai Records AED 32.2B Rental Contracts in Q1 2026
Dubai’s rental market recorded
a stable performance in the
first quarter of 2026, supported
by regulatory strength and resilient
economic fundamentals. Moreover,
the market continued to show steady
activity within an environment that
adapts efficiently and reinforces investor
confidence. The performance reflects
continued policy focus on strengthening
economic resilience and supporting
sustainable growth. Additionally, the
market maintained balanced momentum
while reinforcing Dubai’s ability
to sustain stable economic expansion.
According to Dubai Land Department
data, the total value of rental contracts
reached AED32.2bn in Q1 2026. Furthermore,
the results reflected sustained
activity supported by clear legislation
and an integrated regulatory framework
governing market relationships.
Sharjah Real Estate
Rises 40.7% to AED
18.5B in Q1
Sharjah’s real estate sector recorded
strong growth in the first quarter
of 2026, with higher trading value
and transaction volumes despite regional
challenges. Moreover, the performance
reflected continued resilience and rising
investor confidence. Total real estate
trading value reached AED18.5bn,
compared to AED13.2bn in the same
period of 2025. As a result, the sector
posted growth of 40.7%. According to
the Sharjah Real Estate Registration
Department, total real estate transactions
rose to 29,235 during the quarter.
Additionally, this represented an 18.9%
increase compared to the previous
year. Abdulaziz Ahmed Al Shamsi,
Director-General of the Sharjah Real
Estate Registration Department, said
the market continues to expand at
an accelerated pace despite current
conditions.
UAE Real Estate Sector Sees Major Projects and
Strong March Sales
The UAE real estate market maintained
strong momentum in
March 2026, supported by steady
project launches and uninterrupted construction
activity across key emirates.
Moreover, rising sales and continued
development progress reinforced the
country’s position as a reliable longterm
investment destination. Dubai
recorded strong activity across both
residential and commercial segments.
Additionally, the market registered
Abu Dhabi-listed Investcorp Capital
has deployed $200 million
into US residential real estate,
reinforcing its strategy to capitalise
on demand across senior living and
multifamily housing segments. The
portfolio includes a multifamily asset in
New Jersey alongside two senior housing
properties in California and New
York, reflecting a targeted approach
to high-demand locations. This aligns
with the focus on demographic-driven
opportunities, particularly the growing
need for senior accommodation. It
also marks a selective expansion into
multifamily assets as market conditions
stabilize following recent valuation
adjustments. The move underscores
Investcorp Capital’s broader ambition
to scale its presence in resilient real
estate sectors while pursuing long-term
record real estate sales, including a
luxury apartment transaction worth
AED422 million, ranking as the third
most expensive apartment sale in the
emirate’s history. Several developers
announced new launches during the
month. Emaar Properties unveiled
Golf Valley within Emaar South, comprising
262 housing units. Meanwhile,
National Properties launched a new
commercial tower in Barsha Heights
valued at AED500 million.
Investcorp Capital Commits $200M to U.S.
Residential Property Market
value creation through carefully chosen
assets in key US markets.
12 www.thefinanceworld.com May 2026
Arabian Acres AED 400M Deal Signals Strong Investor Trust
Arabian Acres’ AED 400 million
land assembly highlights sustained
investor confidence in
the UAE’s real estate sector, even as
global geopolitical tensions continue
to weigh on international markets. The
move reflects a strategic push to secure
prime land assets at a time when
demand fundamentals in the UAE remain
resilient, supported by population
growth, investor-friendly policies, and
SkyHills Residences
1 Secures Premier
Achievement Medal
for Real Estate 2026
SkyHills Residences 1 has been
awarded the Premier Achievement
Medal for Real Estate 2026,
recognizing its excellence in design,
construction quality, and project execution.
The development stands out
for its modern architectural approach,
premium amenities, and focus on
delivering a high-quality residential
experience aligned with market expectations.
The recognition reflects the
project’s commitment to innovation,
sustainability, and customer-centric
development, positioning it as a notable
addition to the UAE’s competitive
real estate landscape. It also highlights
the growing emphasis on delivering
integrated living environments that
combine functionality, aesthetics, and
long-term value. As demand for wellplanned
residential communities continues
to rise, the accolade reinforces
investor and buyer confidence, further
strengthening the project’s market
positioning and underlining the UAE’s
reputation for delivering world-class
real estate developments.
robust economic diversification. The
transaction signals a broader trend of
institutional and private investors consolidating
land positions to capitalize
on future development opportunities,
reinforcing the UAE’s standing as a
stable and attractive destination for
real estate investment in an increasingly
volatile global environment , with strong
long-term growth, stability outlook, and
sustained investor confidence.
Qatar Forum Highlights Push to Strengthen Market
A
recent industry forum has underscored
Qatar’s efforts to advance
its real estate brokerage market
through stronger regulation, improved
transparency, and higher professional
standards. Stakeholders emphasized the
importance of aligning local practices with
international benchmarks to enhance
credibility and attract global investors.
Discussions also pointed to upcoming
initiatives focused on recognizing top-performing
brokers and elevating service
quality across the sector. The move reflects
a broader strategy to modernize Qatar’s
real estate ecosystem while ensuring
sustainable growth and operational
efficiency. As the country continues to
implement investor-friendly reforms
and strengthen regulatory frameworks,
a more structured brokerage landscape
is expected to boost market confidence,
streamline transactions, and support
long-term stability, reinforcing Qatar’s
Aldar and Mubadala have completed
the acquisition of The Link at
Masdar City through their joint
venture, in a deal valued at AED 654
million, reinforcing their strategy to
scale high-quality, income-generating
assets. The mixed-use development spans
around 32,000 square metres across five
buildings and is leased to prominent
tenants, including Masdar and the Mohamed
bin Zayed University of Artificial
Intelligence. The asset features Grade A
LEED Platinum office space, a net-zero
energy headquarters, and integrated facilities,
aligning with sustainability and
innovation goals. The transaction reflects
strong institutional confidence in Abu
position as an increasingly competitive
real estate destination in the region.
Aldar-Mubadala JV Acquires The Link at Masdar
City in AED 654M Deal
Dhabi’s economic fundamentals and its
growing role as a hub for clean energy and
technology. It also strengthens Masdar
City’s positioning as a leading destination
for sustainable urban development and
future-focused industries.
May 2026 www.thefinanceworld.com 13
Finance
Source: Ai generated
Digital tokens pegged to fiat currencies are reshaping cross-border payments and financial transactions worldwide.
Stablecoins Gain
Momentum In The
Global Financial
System
Stablecoins are Emerging as Key Instruments
Supporting Faster Payments and Greater
Efficiency in Global Digital Finance
Stablecoins are gaining increasing prominence
within the global financial system as
digital assets that combine the efficiency
of blockchain technology with the stability
of traditional currencies. Pegged
to fiat currencies such as the US dollar,
stablecoins are designed to minimize
volatility while enabling faster and more
efficient transactions. Their growing use in
cross-border payments, digital trading, and
decentralized finance platforms reflects
the broader shift toward digital financial
infrastructure. As financial institutions,
technology firms, and regulators explore
the potential of blockchain-based payment
systems, stablecoins are emerging as a
critical bridge between conventional banking
frameworks and the rapidly evolving
world of digital finance.
14 www.thefinanceworld.com May 2026
Stablecoins have emerged as one of
the most significant developments
in the evolving digital finance
landscape. Designed to maintain a
stable value by being pegged to traditional
currencies or other assets, these
digital tokens are increasingly being
adopted as reliable instruments for
payments, trading, and cross-border
transactions. Unlike highly volatile
cryptocurrencies, stablecoins aim to
combine the efficiency of blockchain
technology with the stability of traditional
financial systems. As digital
assets continue to gain acceptance
worldwide, stablecoins are playing a
crucial role in bridging the gap between
conventional finance and decentralized
financial ecosystems.
Understanding the Role of
Stablecoins
Stablecoins are digital currencies typically
pegged to fiat currencies such as
the US dollar or euro, allowing them
to maintain relatively stable prices
compared with other cryptocurrencies.
This stability makes them particularly
useful for payments, remittances, and
financial transactions that require
predictable value.
Most stablecoins operate on blockchain
networks, enabling faster and
more transparent transactions than
traditional banking systems. Users can
transfer funds across borders within
minutes while avoiding the lengthy
processing times often associated with
international bank transfers.
There are several types of stablecoins
currently in circulation. Some
are backed by fiat reserves held in
financial institutions, while others
rely on cryptocurrency collateral or
algorithmic mechanisms designed to
stabilize their value. Regardless of their
structure, the core objective remains
the same: reducing volatility while
enabling efficient digital transactions.
Driving Growth in Digital Payments
One of the main drivers behind the rise
of stablecoins is the growing demand for
faster and more cost-effective payment
systems. Businesses operating across
borders often face challenges related
to currency conversion, settlement
delays, and transaction fees.
Stablecoins offer a potential solution
to these issues by allowing payments
to be settled almost instantly on
blockchain networks. This capability is
particularly valuable for international
trade, remittances, and e-commerce
transactions where speed and efficiency
are critical.
Financial institutions and fintech
companies are increasingly exploring
stablecoin-based payment systems to
streamline operations and reduce transaction
costs. In many cases, stablecoins
serve as a bridge between traditional
banking infrastructure and emerging
blockchain-based financial platforms.
As digital commerce expands globally,
the role of stablecoins in facilitating
efficient payments is expected to grow
further.
Integration with Decentralized
Finance
Stablecoins also play a central role in decentralized
finance ecosystems. These
platforms use blockchain technology to
offer financial services such as lending,
borrowing, and asset trading without
relying on traditional intermediaries.
Within these systems, stablecoins
Digital currencies and
blockchain-based
innovations have the
potential to enhance the
efficiency, transparency,
and resilience of global
financial systems.”
H.E. Khaled Mohamed Balama, Governor,
Central Bank of the United Arab Emirates
function as the primary medium of
exchange because they provide predictable
value while operating on
decentralized networks. Traders and
investors often use stablecoins to move
funds between digital assets without
converting them back into fiat currency.
This functionality has made stablecoins
essential components of the
broader digital asset economy. They
provide liquidity to decentralized platforms
while enabling users to manage
financial transactions more efficiently.
However, the rapid expansion of
decentralized finance has also raised
questions regarding regulation and risk
management, prompting governments
and financial authorities to explore
new regulatory frameworks.
Increasing Regulatory Attention
As stablecoins gain popularity, regulators
around the world are paying
closer attention to their potential impact
on financial systems. Authorities
recognise that while stablecoins offer
significant technological advantages,
they also present challenges related to
consumer protection, financial stability,
and regulatory oversight.
Central banks and financial regulators
are working to establish frameworks
that ensure transparency in reserve
management and operational stability.
Clear regulations are expected to play
an important role in fostering trust
and encouraging wider adoption of
stablecoins within mainstream financial
markets.
Some governments are also exploring
the development of central bank
digital currencies as complementary
digital payment systems. While these
initiatives differ from privately issued
stablecoins, both innovations reflect the
broader shift toward digital financial
infrastructure.
Expanding Role in Global Finance
Stablecoins are increasingly integrating
into the global financial ecosystem,
expanding beyond cryptocurrency
trading to improve settlement efficiency
and support cross-border transactions,
supply chain finance, and treasury management
across diverse industries and
markets worldwide, while enhancing
liquidity, reducing transaction costs,
and enabling faster, more transparent
financial operations for businesses and
institutions.
May 2026 www.thefinanceworld.com 15
Business News
Dubai RTA Initiates Study for 55km Airport Express Metro Line
Dubai’s Roads and Transport Authority
(RTA) has launched a tender
process to appoint consultants for
the study and design of a proposed 55km
Airport Express metro line connecting
Dubai International Airport (DXB) and
Al Maktoum International Airport. The
project is expected to feature around
five stations and offer integrated passenger
services such as remote check-in,
Dubai Launches
$136M Al Mamzar
Beach Project
Dubai has unveiled a $136 million
(AED 500 million) redevelopment
of Al Mamzar Beach, aimed at
enhancing its coastal tourism offering
and accommodating up to seven million
visitors annually. The project is set
to deliver a substantial 500% increase
in service capacity, supported by
advanced technologies, including artificial
intelligence, to improve operations and
visitor experience. Spanning a vast
beachfront area, the development will
feature around 35 leisure and service
facilities alongside more than 65 new
investment opportunities. The initiative
forms part of Dubai’s broader strategy
to upgrade public beaches and expand
tourism infrastructure. By combining
smart systems with modern amenities, the
project reinforces the emirate’s ambition
to position itself as a leading global coastal
destination while supporting long-term
urban and economic growth.
baggage handling, and security screening
to enhance travel efficiency. The planned
route will begin at the Red Line station at
DXB, pass through key areas including Al
Jaddaf and Jumeirah Village Circle, and
extend towards Dubai South. Additional
spur lines are also under consideration.
The initiative reflects Dubai’s broader
strategy to expand its metro network
and improve mobility infrastructure.
DIFC Set To Become World’s First AI-Native
Financial Center
Dubai International Financial Centre
(DIFC) has announced plans to
transform into the world’s first
AI-native financial center, embedding
artificial intelligence at the core of
its legal, regulatory, and operational
frameworks. The initiative will integrate
AI across financial services, talent
development, enterprise systems, and
physical infrastructure, moving to
full-scale implementation. This shift is
expected to generate approximately USD
3.5B (AED 12.9B) in economic value while
creating around 25,000 jobs. DIFC also
aims to establish advanced governance
models to regulate both human and AIdriven
activities. By combining technology,
regulation, and ecosystem development,
the center is positioning itself as a leading
hub for AI-driven finance, reinforcing
Dubai’s ambition to shape the future of
global financial services.
Dubai Financial Market Reports 43% Rise in Q1
2026 Net Profit
Dubai Financial Market (DFM)
reported a strong start to 2026,
underpinned by robust trading
activity, improved liquidity, and rising
investor participation. Consolidated
revenues for the first quarter increased
to AED 253.1 million, compared with
AED 186.5 million in the same period last
year. This performance was supported by
AED 171.9 million in operating income
and AED 81.2 million generated from
investment returns and other income
streams. Net profit before tax climbed
to AED 193.3 million, up from AED 134.9
million in Q1 2025, while total expenses
rose moderately to AED 59.8 million.
Trading momentum remained strong,
with average daily traded value surging
56 percent to AED 1.03 billion. Total
trading value also grew 48 percent to
AED 61 billion. The exchange attracted
20,702 new investors, with a notable
share coming from international markets,
reflecting confidence in Dubai.
16 www.thefinanceworld.com May 2026
Abu Dhabi to Invest $43.6bn as Clean Energy Share Surpasses 45%
Abu Dhabi has committed nearly
AED 160 billion (USD 43.6B) in
investments over the next five
years to accelerate its energy transition,
as clean and renewable sources
now account for more than 45% of its
overall energy mix. The initiative aims
to further raise this share to 60% while
supporting the emirate’s Net Zero 2050
objectives. The investment will focus
on expanding renewable capacity, enhancing
infrastructure, and deploying
PureHealth Reports $19.9B
Revenue and $113M Net
Profit
PureHealth announced its latest
financial results, reporting revenue
of approximately $19.9 billion
alongside a net profit of $113 million.
The performance reflects continued
expansion across its healthcare and
insurance segments, supported by
rising patient volumes and broader
service offerings. Growth was driven
by strong operational execution and
increasing demand for integrated
healthcare solutions across its network.
The group’s diversified model, spanning
hospitals, diagnostics, procurement,
and insurance, continues to strengthen
its market position while supporting
steady revenue generation. Strategic
investments and international expansion
initiatives also contributed to
overall performance, reinforcing its
long-term growth trajectory. Despite
cost pressures and ongoing investments
in infrastructure and technology,
PureHealth maintained profitability,
underlining resilience in a competitive
healthcare landscape.
advanced technologies to improve
efficiency and sustainability across the
energy sector. Authorities are prioritizing
a balanced approach that ensures
energy security while reducing carbon
emissions and supporting long-term
economic growth. This strategic push
underscores Abu Dhabi’s commitment
to leading the regional energy transition
and delivering measurable environmental
outcomes through large-scale,
future-focused investments.
Tamatem Acquires Turkey’s Playable Factory to
Expand Ad Tech Capabilities
Middle East gaming platform
Tamatem has acquired Playable
Factory to strengthen its
advertising technology capabilities.
The Istanbul-founded company specialises
in interactive “playable ads” that
improve user acquisition and engagement,
delivering over 90,000 ads and
30 billion impressions globally. This
also supports its ambition to expand
while offering more data-driven and
personalised gaming experiences.
EGA to Acquire Majority Stake in Italy’s Eco
Green Recycling Firm
Emirates Global Aluminium (EGA)
has announced plans to acquire
an 80% stake in Italy-based Eco
Green, marking a significant step in
expanding its global recycling footprint
and strengthening its presence
in Europe. The acquisition, subject
to regulatory approvals, will enhance
EGA’s capabilities in aluminium scrap
processing, including collection, sorting,
casting, and dross treatment. Eco
Green currently processes over 70,000
tonnes of material annually and serves
a wide network of industrial customers
across Europe. The company is also
undertaking an expansion project that
will add further recycling capacity by
the second half of 2026. The move
aligns with EGA’s broader strategy to
scale its recycling operations worldwide,
positioning the company to
meet rising demand for sustainable
aluminium while advancing circular
economy objectives.
May 2026 www.thefinanceworld.com 17
Infographic
Why Investors Are Shifting
Away from Tech
What Is the HALO Trade?
The HALO trade, short for Heavy Assets, Low Obsolescence, is an investment strategy that prioritises companies with
tangible assets and resilient demand. This approach typically targets sectors that provide essential goods or services
and are less prone to rapid technological disruption.
Common HALO sectors: Energy, Materials, Staples.
Why It’s Gaining Momentum
Tech volatility:
Rapid innovation and high obsolescence
make technology stocks inherently riskier.
Economic uncertainty:
Investors are seeking stability amid inflation
pressures and market swings.
Tangible value:
Physical assets like energy plants, mines,
or essential consumer goods withstand
disruption and maintain value.
18 www.thefinanceworld.com May 2026
Key Benefits of HALO Investing
Lower risk:
Companies with heavy assets are less
exposed to rapid market changes.
Steady returns:
Dividend-paying, cash-rich firms dominate
these sectors.
Portfolio diversification:
HALO investments balance high-growth,
high-risk tech holdings with more resilient
sectors.
Sector Performance & Rotation Trends
Energy vs Tech Performance (2026)
Energy has been the best-performing
sector in the S&P 500, with over 20%
YTD gains, while technology stocks are
down roughly 4%.
This highlights a clear rotation from tech
to asset-heavy, low-obsolescence sectors.
Outperformance of Old-Economy
Sectors
Since October 2025, Industrials, Materials,
and Energy have outpaced tech by
20–32% on a trailing basis, signalling a
shift toward tangible, real-economy investments.
Leading Returns in 2026 (3-Month
Snapshot)
Industrials ↑ 21.9%
Materials ↑ 25.7%
Tech ↓ 1.97%
Small-cap ↑ 5.57%
Large-cap ↑ 0.56%
Insight:
Investors are increasingly allocating capital to sectors with real, physical assets as tech valuations face compression.
Sector
Energy
Materials
Industrials
Technology
Small Cap
Large Cap
2026 YTD Return
+20%
+25.7% (3-mo)
+21.9% (3-mo)
-4%
+5.57%
+0.56%
Notes
Top-performing sector
Boosted by global resource demand
Strong real-economy growth
Lagging due to high volatility
Outpacing large-cap stocks
Concentrated in tech
HALO-Friendly Sector Highlights
Sector
Energy
Materials
Staples
Why It’s HALO-Friendly
Long-lived infrastructure, essential
demand
Essential resources, limited obsolescence
Consistent consumer demand,
inflation-resistant
Example Companies
ExxonMobil, Saudi Aramco
Rio Tinto, Vale
Nestlé, Procter & Gamble
May 2026 www.thefinanceworld.com 19
Digital Assets
Source: Ai generated
AI-powered cybersecurity systems help organizations in the UAE detect and respond to evolving digital threats.
Artificial Intelligence
And The Escalating
Global Cyber Crisis
Artificial Intelligence is Strengthening
Cybersecurity and Protecting Critical Digital
Infrastructure Across the UAE
Artificial intelligence is reshaping the
global cybersecurity landscape, and
the United Arab Emirates is actively
strengthening its digital defenses to
address emerging risks. As the country
accelerates digital transformation across
sectors such as finance, government services,
healthcare, and energy, protecting
critical digital infrastructure has become
increasingly important. Cyber threats are
growing more sophisticated, often using
advanced technologies to exploit vulnerabilities
in connected systems. In response,
organizations in the UAE are integrating
artificial intelligence into cybersecurity
frameworks to detect threats, analyze
large volumes of data, and respond to
incidents more efficiently. These efforts
reflect the countries resilience.
20 www.thefinanceworld.com May 2026
Artificial intelligence is rapidly
transforming the global cybersecurity
landscape, and the United
Arab Emirates is at the forefront of
efforts to harness this technology to
protect digital infrastructure. As the
UAE accelerates its digital transformation
across sectors such as finance,
government services, healthcare, and
energy, cybersecurity has become a
strategic national priority. Artificial
intelligence is increasingly being deployed
to detect cyber threats, monitor
networks, and respond to attacks in real
time. At the same time, cybercriminals
are also using advanced technologies
to launch more complex and targeted
attacks. This evolving environment is
pushing governments and businesses in
the UAE to strengthen cyber resilience
and invest in advanced digital security
frameworks.
The Growing Importance of Cybersecurity
in the UAE
The UAE has rapidly developed into
one of the most digitally connected
Strengthening
cybersecurity capabilities
is essential to protecting
digital infrastructure
and supporting the UAE’s
growing digital economy.”
H.E. Dr. Mohamed Al Kuwaiti, Head of
Cybersecurity, UAE Government Cyber
Security Council
economies in the Middle East. Government
services, financial systems,
and critical infrastructure increasingly
rely on advanced digital platforms,
cloud computing, and interconnected
technologies.
This high level of connectivity has
delivered significant economic benefits,
but it has also expanded the
potential exposure to cyber threats.
Organizations operating in sectors
such as banking, aviation, logistics,
and energy are now prime targets for
cybercriminals seeking financial gain
or strategic disruption.
Recognising these risks, the UAE
government has placed cybersecurity at
the center of its national digital strategy.
Strong regulatory frameworks and
specialized cybersecurity authorities
have been established to safeguard
the country’s digital infrastructure and
maintain trust in its rapidly evolving
technology ecosystem.
Artificial Intelligence Strengthening
Cyber Defense
Artificial intelligence is playing a vital
role in strengthening the UAE’s cybersecurity
capabilities. AI-powered
systems are capable of analyzing massive
volumes of network data in real
time, identifying unusual patterns and
detecting potential threats before they
escalate into major incidents.
Unlike traditional cybersecurity systems
that rely on static rules, AI-driven
platforms continuously learn from new
data and adapt to emerging threats.
This allows organizations to respond to
cyber risks more quickly and effectively.
Financial institutions, government
entities, and technology companies
across the UAE are increasingly integrating
AI-based threat detection tools
into their cybersecurity operations.
These technologies help security teams
identify vulnerabilities, monitor network
activity and automate responses
to suspicious behavior.
As cyber threats grow more sophisticated,
the ability of artificial intelligence
to analyze complex datasets
and identify anomalies has become
an essential component of modern
cybersecurity strategies.
Rising Sophistication of Cyber
Threats
While artificial intelligence offers
powerful defensive capabilities, it is
also being used by cybercriminals to
enhance their attacks. AI-driven tools
can generate convincing phishing messages,
automate hacking attempts, and
scan digital networks for vulnerabilities
at unprecedented speed.
This growing sophistication presents
new challenges for organizations in the
UAE, particularly those operating in
highly digital sectors such as fintech,
smart infrastructure, and digital government
services.
Ransomware attacks and data breaches
remain among the most significant
cyber threats globally. These attacks
can disrupt operations, compromise
sensitive information, and cause significant
financial damage.
To counter these risks, companies
are increasingly investing in advanced
cybersecurity systems, employee training
programs, and incident response
strategies designed to strengthen
organizational resilience.
National Cybersecurity Initiatives
The UAE government has taken a proactive
approach to strengthening cybersecurity
through national initiatives
and strategic investments. Institutions
responsible for digital security work
closely with both public and private
sector organizations to monitor threats
and coordinate responses to cyber
incidents.
The country has also introduced
regulatory frameworks and cybersecurity
standards designed to ensure
that organizations implement robust
security measures when managing
digital systems and sensitive data.
In addition to domestic initiatives,
the UAE is actively participating in
international cybersecurity collaborations
aimed at improving global
cyber resilience. Information sharing
and cooperation between governments
and technology companies are becoming
increasingly important as cyber
threats often originate across multiple
jurisdictions.
These efforts are helping position
the UAE as a regional leader in cybersecurity
governance and digital risk
management.
Overall, the UAE’s proactive approach
to cybersecurity, combined with the
adoption of artificial intelligence, is
helping create a more secure and resilient
digital environment that supports
continued innovation and growth.
May 2026 www.thefinanceworld.com 21
Banking News
UAE Banking Assets Climb to AED 5.47T as Trade Activity Crosses AED 6T
The UAE’s banking sector continued
its upward trajectory, with total
assets reaching AED5.4725tn by
the end of February 2026, underpinned
by steady growth in both lending and
deposits. Gross credit expanded to
AED2.6306tn, driven largely by increased
borrowing from the private sector,
while deposits rose to approximately
AED3.4tn, highlighting strong liquidity
buffers. This expansion reflects a resilient
financial environment supported
by effective regulatory oversight and
economic diversification efforts. The
nation’s external trade performance
remained robust, with total trade
hitting AED6tn in 2025, marking a 15
per cent year-on-year increase. Services
trade surpassed AED1.14tn for the first
time, and non-oil foreign trade climbed
significantly to AED3.8tn, reinforcing
economic diversification.
UAE Banks Introduce
Relief Measures to
Support Residents
Banks across the UAE are introducing
a range of relief measures
to help residents manage
increasing cost pressures, offering
options such as loan deferrals, fee
waivers, and zero-interest payment
plans. These initiatives are designed to
ease short-term financial strain while
expanding access to support across
housing, healthcare, and everyday
expenses. Lenders are also adopting
more flexible financing structures,
including temporary payment relief and
instalment-based solutions. This reflects
a broader move towards integrated
financial services, where credit is embedded
within consumer transactions.
These steps come as banks respond to
tighter household budgets and evolving
economic conditions, while aiming to
sustain activity in key sectors such as
real estate and healthcare. Although
terms and eligibility vary, the growing
range of options provides residents
with greater financial flexibility and
improved access to funding.
CBUAE Strengthens Anti-Money Laundering
Rules to Boost Framework
The Central Bank of the UAE has
rolled out updated anti-money
laundering and counter-terrorism
financing guidance to strengthen
regulatory oversight and align with
international compliance benchmarks.
This framework offers clearer direction
to banks, exchange houses, and hawala
providers on identifying suspicious
transactions, assessing emerging risks,
and enhancing internal monitoring
systems. It places a stronger focus on
Qatar’s banking sector recorded
steady expansion, with total
assets rising to approximately
$596.9B in February 2026. This
highlights sustained lending activity,
stronger deposit inflows, and improved
liquidity conditions. Growth has been
supported by resilient domestic economic
performance, alongside ongoing
infrastructure investment and
customer due diligence, trade-based
money laundering, and cross-border
financial flows, ensuring institutions
gain deeper visibility into the source
and movement of funds. The guidance
also addresses risks linked to proliferation
financing and correspondent
banking relationships, areas increasingly
scrutinised at a global level. These
measures support the UAE’s national
strategy to combat financial crime
while reinforcing transparency.
Qatar Banks’ Total Assets Reach $596.9B in
February 2026
diversification efforts. Banks have
also benefited from stable funding
bases and prudent risk management
practices, enabling them to navigate
shifting global financial conditions.
Overall, the upward trajectory in total
assets reinforces confidence in Qatar’s
banking system and its capacity to
underpin long-term economic stability
and financial sector resilience.
22 www.thefinanceworld.com May 2026
Interview
MANOJ SUREKA
CEO & Managing Partner,
Synergy Fin. Consulting
24 www.thefinanceworld.com May 2026
Future of Payments &
Cross-Border Transactions
As global financial systems continue to shift toward digital-first, real-time, and highly interconnected commerce, the future
of payments and cross-border transactions has emerged as a strategic priority for banks, fintech innovators, and regulators
navigating a rapidly transforming financial landscape. To explore the opportunities and long-term implications of this evolution,
Finance World spoke with Manoj Sureka, CEO & Managing Partner of Synergy Fin. Consulting.
His firm, Synergy Fin. Consulting offers fundraising advisory, M&A, and joint venture support for SMEs and corporates, connecting
clients with banks, financial institutions, and investors.
Exclusive Interview
Q: How is the future of payments
evolving globally?
The future of payments is moving toward
real-time, invisible, and highly automated
financial ecosystems where transactions
happen seamlessly within commerce
and digital platforms. The industry is
shifting from card-based payments
to account-to-account and embedded
payment models supported by artificial
intelligence, cloud infrastructure, and
advanced security protocols. Global
payment messaging and settlement infrastructure
is also modernizing through
organizations such as SWIFT, which is
working on faster cross-border transaction
rails to reduce settlement delays and
improve transparency.
Q: What will drive cross-border transaction
growth?
Cross-border transaction growth will
primarily be driven by globalization of
trade, expansion of digital commerce,
and increasing demand for faster remittance
solutions. Regulatory cooperation
between countries will also play a major
role in reducing compliance friction. In
the Middle East, institutions like the Central
Bank of the United Arab Emirates
are actively supporting digital financial
infrastructure development, which will
help position the region as a key hub for
global payment flows.
Q: How will digital currencies impact
cross-border payments?
Digital currencies, particularly central
bank digital currencies, could transform
international settlement by reducing reli-
ance on correspondent banking networks
and lowering transaction costs. They could
also improve transparency and speed of
settlement cycles. However, challenges
such as cybersecurity, interoperability
between systems, and regulatory standardisation
will need to be addressed before
mass adoption becomes fully practical
across global corridors.
Q: What are the main risks in future
payment ecosystems?
The biggest risks will centre around
cybersecurity threats, regulatory fragmentation,
financial fraud, and geopolitical
pressures that may disrupt global payment
corridors. As cross-border transactions
become more digitized, financial institutions
will need to invest heavily in secure
architecture, real-time fraud monitoring
powered by AI, and compliance intelligence
systems to manage risk exposure.
Q: How will customer expectations
change?
Customers will increasingly expect instant
cross-border transfers, full visibility
into foreign exchange costs, and seamless
mobile-first payment experiences.
Payments will become largely invisible,
embedded directly into e-commerce and
business platforms rather than existing
as standalone financial actions.
Q: What is the future outlook for
payments in the Middle East?
The Middle East is emerging as a global
innovation center for digital finance due
to strong government-led digital transformation
strategies, strong trade activity,
and high remittance demand. Regional
initiatives around open banking, digital
identity, and fintech investment will further
accelerate payment modernization
across the region.
Innovation in
payments is no
longer optional;
it is the
foundation of
competitiveness
in global
commerce.”
KEY TAKEAWAYS
Payments are becoming invisible and
embedded
Speed will define competitive advantage
Fintech and banks will drive trust infrastructure
Security will become a core business
priority
May 2026 www.thefinanceworld.com 25
50 Most Influential Business Women 2026
Cover
Story
Women leaders across the UAE are continuing to
reshape industries, influence policy, and drive longterm
economic growth through innovation, strategic
leadership, and vision. From finance and technology to
healthcare, entrepreneurship, real estate, and culture,
these trailblazers are setting new benchmarks for
excellence while redefining the future of leadership
in the region. Beyond corporate success, their impact
is reflected in the ecosystems they are building; championing
inclusivity, empowering future generations,
accelerating innovation, and strengthening the UAE’s
position as a global hub for business and progress.
Through resilience, ambition, and transformative
leadership, these women are not only shaping organizations
but also contributing to a more dynamic
and forward-looking future for the region.
26 www.thefinanceworld.com May 2026
May 2026 www.thefinanceworld.com 27
Afra
AlSuwaidi
CEO
Dubai CSD
Afra AlSuwaidi is the Chief Executive
Officer of Dubai CSD, the central
securities depository and a wholly
owned subsidiary of Dubai Financial
Market. She advances the growth and
operational resilience of the depository
while strengthening its infrastructure and
aligning it with Dubai’s broader capital
market ambitions.
Under her leadership, Dubai CSD has accelerated
digital transformation initiatives
aimed at modernizing post-trade services.
These efforts have contributed to increased
investor registrations and stronger retail
participation. By streamlining onboarding
processes and improving custody and settlement
frameworks, she has positioned
the depository as a key enabler of market
liquidity, transparency, and efficiency.
Advanced digital platforms have further
enhanced operational capability.
In addition to her responsibilities at
Dubai CSD, Afra AlSuwaidi is Head of
Market Operations at Nasdaq Dubai. She
oversees trading, clearing, and depository
functions while ensuring operational
efficiency and adherence to international
best practices.
Her expertise in finance, governance,
and technology-driven transformation
continues to shape Dubai’s capital market
infrastructure.
Highlights
Industry Established In Total Assets
Capital Markets 2000 AED 11.8B
This day is not just about celebrating achievements but about
building pathways for the next generation of women in finance.”
28 www.thefinanceworld.com May 2026
Alia Bint Abdulla
Al Mazrouei
UAE Minister
State for Entrepreneurship
Her Excellency Alia bint Abdulla Al
Mazrouei became the UAE Minister
of State for Entrepreneurship in
July 2024, advancing the UAE as a global
hub for entrepreneurship, innovation, and
advanced technology through strategic
policy frameworks and international
collaboration.
Under her leadership, the UAE has
strengthened its entrepreneurial ecosystem
through progressive legislation, worldclass
infrastructure, streamlined business
procedures, and targeted incentives. She
has shaped AI governance frameworks and
digital innovation strategies that position
the UAE as a leading centre for technology-enabled
economic development. Her
efforts have built knowledge exchange
between global stakeholders, startups,
investors, and policymakers, accelerating
cross-border collaboration.
Her Excellency leads high-level diplomatic
engagements on the international
stage, advancing partnerships in entrepreneurship,
artificial intelligence, and
emerging technologies. During her official
visit to Berlin on the sidelines of GITEX
Europe 2025, she represented the UAE
in strategic discussions with European
leaders to explore collaboration opportunities
in the digital economy, AI, and
green economy sectors.
Entrepreneurship is the bedrock of meaningful and impactful
innovation that supports long-term economic growth.”
May 2026 www.thefinanceworld.com 29
Amina
Al Rustamani
Managing Director, Group COO
AW Rostamani Group (AWR)
Dr. Amina Abdul Wahid Al Rostamani is an Executive
Board Member, Director, and Chief Operating Officer
of AW Rostamani Group. She oversees the group’s
shared corporate services and operations, ensuring efficiency,
governance excellence, and strategic alignment across its
diversified portfolio spanning automotive, real estate, retail,
and other key sectors.
Under her leadership, the group has strengthened operational
performance and strategic positioning. She drives
data-driven decision-making and innovation-focused business
transformation across the organization’s diverse holdings,
reinforcing operational excellence throughout the group.
In addition to her responsibilities at AW Rostamani Group,
Dr. Amina serves as Chief Executive Officer of AWR Properties,
an AW Rostamani Group subsidiary, steering real estate
operations with strategic vision and disciplined investment.
Previously, she served as Group Chief Executive Officer
of TECOM Group, contributing to strategic direction and
operational performance.
Dr. Amina holds Bachelor’s and Master’s degrees, as well
as a Doctorate in Electrical Engineering (Communications)
from George Washington University, Washington, D.C. She
contributes her expertise to several non-executive board
memberships, reflecting her commitment to governance
and community development.
Amna
Al Owais
Deputy Director
Dubai Courts
Amna Al Owais has played a central role in shaping the
UAE’s legal and dispute resolution landscape through
her leadership at the DIFC Courts. She joined the
organisation in 2006 and was appointed Chief Executive
and Registrar in 2017, following her role as Deputy Chief
Executive of the DIFC Dispute Resolution Authority.
Prior to joining the DIFC Courts, she worked as a litigation
lawyer at Hadef & Partners. Al Owais has been instrumental
in the establishment and expansion of the DIFC Courts and
the creation of the Dispute Resolution Authority. In 2009, she
led the launch of the DIFC Courts’ Pro Bono Programme,
the first initiative of its kind in the Middle East, aimed at
improving access to legal support and services.
Alongside her executive responsibilities, she serves as
Registrar of the Special Tribunal Related to Dubai World,
Chairwoman of the DIFC Courts’ Users’ Committee, and
a member of the Consulting Council for the University of
Sharjah College of Law. She was also selected for the Mohammed
Bin Rashid Centre for Leadership Development’s
Young Leaders and Impactful Leaders programmes.
30 www.thefinanceworld.com May 2026
Bodour bint
Sultan Al Qasimi
President
American University of Sharjah
Her Highness Sheikha Bodour bint
Sultan Al Qasimi plays a pivotal
role in shaping Sharjah’s knowledge
economy, innovation ecosystem, and global
cultural influence through her leadership
across education, entrepreneurship, research,
and publishing. As Chairperson
of the Board of Trustees and President
of American University of Sharjah, she
is advancing the institution’s focus on
academic excellence, research capabilities,
and public service while nurturing
globally minded graduates equipped to
lead across industries and communities.
In her role as Chairperson of the Board
and President of Sharjah Research, Technology
and Innovation Park, she is strengthening
collaboration between academia and
industry to accelerate research, technology
commercialization, and innovation-led
growth. She also oversees a $150 million
strategy aimed at positioning Sharjah as
a global hub for emerging technologies.
Through her leadership across investment,
entrepreneurship, and publishing,
Sheikha Bodour continues to support
Sharjah’s economic diversification agenda.
Her initiatives have attracted billions
in foreign investment, supported startup
growth, generated employment opportunities,
and elevated Sharjah’s standing
as a leading center for entrepreneurship,
innovation, and global publishing.
If the path feels difficult, it is often because it is the one most worth
pursuing.”
May 2026 www.thefinanceworld.com 31
Ebru
Pakcan
CEO – Middle East and Africa Cluster
Citi
Ebru Pakcan has built a distinguished international
banking career with Citigroup Inc. since joining the
organization in 1997. She currently serves as Head of
Treasury and Trade Solutions for Europe, the Middle East and
Africa (EMEA), based in London, a role she assumed in 2021.
In this position, she works closely with corporate, financial
institution, and public sector clients, developing payment,
cash management, and trade finance solutions tailored to
evolving global market demands. She also oversees a broad
network of business managers, product experts, and sales
specialists across the EMEA region.
Before taking on her current role, Pakcan led Citi’s Global
Payments and Receivables business in New York and previously
managed the same division for the EMEA region in
London between 2008 and 2012. Her career at Citi began in
Turkey as a Project Manager in the technology division before
expanding into senior operations and transaction services
leadership roles across multiple international markets.
She also served as Securities Country Manager in Turkey,
overseeing custody and clearing operations, and currently
serves as a board member of Citigroup Saudi Arabia.
Fatima
Al Jaber
Board Memeber & Head Of Projects Committe
Al Jaber Group
Fatima Al Jaber is a Board Member and Head of the
Projects Committee of Al Jaber Group, one of the region’s
most diversified conglomerates. Since 2014, she
has led strategic direction across more than 50 entities, joint
ventures, and project vehicles spanning civil construction,
manufacturing, trading, logistics, and industrial services.
The group manages assets exceeding AED20 billion and
employs over 50,000 people.
Under her leadership, Al Jaber Group has strengthened
governance, project delivery standards, and operational excellence
across its diverse portfolio. She oversees advanced
waterfront facilities in Abu Dhabi’s industrial hub and drives
cross-sector integration.
Fatima also serves as Chairman of the Board of Directors
of Al Bashayer Investment Company, Abu Dhabi, since 2008.
She is a Member of the Board of Directors of the Arab Gulf
States Institute in Washington and holds multiple non-executive
board positions across leading regional organizations.
A trailblazer in UAE business, Fatima was the first Emirati
woman elected to the Abu Dhabi Chamber of Commerce and
Industry Board (2010-2014). She has received international
recognition for her influential leadership and business acumen.
32 www.thefinanceworld.com May 2026
Feryal
Ahmadi
Deputy CEO & Chief Operating Officer
Dubai Multi Commodities Centre (DMCC)
Feryal Ahmadi, Deputy CEO and Chief Operating Officer
of DMCC, is a driving force shaping the future of
trade from Dubai to the world. With over two decades
of strategic leadership, Feryal has been the chief architect
behind DMCC’s record-breaking growth and its contribution
to Dubai’s FDI, while leading major initiatives like Uptown
Dubai, Jumeirah Lakes Towers (JLT), DMCC’s Smart and
Sustainable District Strategy, and the Future of Trade report
series that positions Dubai as a global thought leader in
international trade and commerce.
A champion of inclusive growth, Feryal chairs the UAE
chapter of the BRICS Women’s Business Alliance, promoting
inclusive economic growth and women’s participation
across BRICS nations and actively advancing women’s
empowerment through platforms like the UN Women’s
Empowerment Principles.
Feryal is a recognized voice on the international stage
and serves on the boards of several UAE government and
semi-government entities. Through her unwavering commitment
to excellence, innovation, and diversity, Feryal
continues to inspire the next generation of leaders and
entrepreneurs throughout the region.
Hala
Badri
Director General
Dubai Culture & Arts Authority
Her Excellency Hala Badri is Director General of
Dubai Culture and Arts Authority, appointed by
royal decree in April 2019. She steers the emirate’s
transformation into a global creative capital, championing
landmark initiatives including the Dubai Public Art Strategy
and Al Quoz Creative Zone.
Hala brings over 20 years of cross-sector experience across
telecommunications, oil and gas, media, and real estate. As
Executive Vice President of Brand and Communications at
du, she led the creation of an enhanced brand and communications
strategy that drove the company’s market success.
Under her leadership, du’s brand campaigns won multiple
international advertising awards, including the Cannes Lions
Gold Lion – the UAE’s first in that category.
Hala holds an MBA in Managing e-Business from Zayed
University and a Higher Diploma in Communications
Technology from the Higher Colleges of Technology. She
completed the UAE Government Leaders Program and the
Sheikh Mohammed Bin Rashid Leadership Development
Program. She serves on multiple boards advocating for
gender equality, sustainability, and youth empowerment.
May 2026 www.thefinanceworld.com 33
Hana
Al Rostamani
Group CEO
First Abu Dhabi Bank
Hana Al Rostamani is the Group Chief Executive Officer
of First Abu Dhabi Bank, the UAE’s largest bank by
assets, as the first woman to lead the institution. She
was appointed Group CEO in January 2021 and has over 22
years of experience in financial services. Before becoming
CEO, she served as FAB’s Deputy CEO and Group Head of
Personal Banking, leading the bank’s consumer division
transformation with a customer and digital-first mindset.
Under her leadership, FAB has delivered strong financial
performance. The bank reported $365 billion in assets at the
end of the first half of fiscal 2025, reinforcing its position
as the UAE’s largest financial institution. FAB operates in
more than 20 countries globally.
In addition to her CEO role, Al Rostamani serves as Chairperson
of FAB Private Bank Suisse, Board Member of the
AW Rostamani Group, and Member of MasterCard Advisory.
She also serves on the Institute of International Finance and
the Executive Board of the U.S.-U.A.E. Business Council.
Hind bin
Khirbash
CEO
Emirates National Investment
Hind bin Khirbash serves as the CEO of Emirates
National Investment (ENI), a diversified regional
development group operating across real estate,
construction, and fast-moving consumer goods.
Under her leadership, ENI has completed several major
residential and commercial developments across Dubai, Abu
Dhabi, and Ras Al Khaimah, including Burj Al Shams, ENI
Coral Tower, and Churchill Towers Dubai, strengthening the
company’s position in the UAE’s property and investment
sectors. Known for her strong focus on innovation and leadership
development, bin Khirbash secured first place in the
Shaping Future Government Global University Challenge
during the 2018 World Government Summit.
She also serves as a board member of the Dubai Chamber
of Commerce and is part of the board of trustees for the
UAE’s International Charity Organization. In 2022, she joined
the board of xCub. Driven by a passion for learning, she
also pursued an Executive MBA at London Business School
to further enhance her strategic and leadership expertise.
34 www.thefinanceworld.com May 2026
Ibtesam
AlBastaki
Director
Dubai Health Authority
Dr. Ibtesam Al Bastaki plays a leading role in advancing
healthcare development and strategic expansion
initiatives across the UAE. She is responsible for
overseeing major health projects within her region while
advising on best practices and long-term healthcare transformation
strategies.
Prior to her current leadership responsibilities, Dr. Ibtesam
headed the Health Strategy and Performance team for
UAE Vision 2021 at the Office of the Prime Minister, where
she contributed to national healthcare planning and policy
implementation. She began her career with the UAE Ministry
of Health before moving to the Dubai Health Authority,
where she served as Director of Business Development
and Projects.
Throughout her career, she has been recognized for driving
innovation, operational excellence, and sustainable healthcare
solutions within the public and private sectors. Dr. Ibtesam
holds extensive academic and professional qualifications,
including MBBS RCSI, Arab Board FM, and MsHM RCSI. Her
contributions to healthcare and public service have earned
her several awards recognizing her leadership.
Katy
Keenan
CEO
British Chamber of Commerce Dubai
Katy Keenan (formerly Holmes) serves as Chief Executive
Officer of the British Chamber of Commerce Dubai,
where she leads the organization’s strategic growth,
stakeholder engagement, and international business development
across the UAE. She applies extensive experience
in international trade, financial institutions, and government
engagement to strengthen the Chamber’s role in supporting
members and advancing UK–UAE business relations.
Since assuming the CEO role in 2021, she has driven the
transformation and modernisation of the Chamber, enhancing
its relevance to a diverse and evolving business community.
Previously, she served as Director of Marketing Communications,
where she led the repositioning of the Chamber’s brand,
content strategy, and stakeholder communications, ensuring
alignment with contemporary international business needs.
Keenan brings a strong background in business development,
marketing, and stakeholder management, with a career
focused on building meaningful partnerships across public
and private sectors. She is recognized for her leadership in
fostering inclusive business dialogue, strengthening community
engagement, and supporting initiatives that promote
responsible business practices and economic collaboration
in the region.
May 2026 www.thefinanceworld.com 35
Khadija
Al Bastaki
Senior Vice President
dubai design district(d3)
Khadija Al Bastaki is Senior Vice President of Dubai Design
District (d3), the global creative ecosystem under
TECOM Group. She joined d3 in 2015 and assumed
her current role in 2019, playing a defining role in shaping
Dubai’s fashion and design narrative and strengthening the
emirate’s creative positioning globally.
Under her leadership, Al Bastaki has streamlined Dubai’s
fashion platforms by aligning industry efforts under a
unified structure. Working with the Arab Fashion Council,
she supported the launch of Dubai Fashion Week, formerly
Arab Fashion Week, in February 2023, establishing a flagship
showcase that reinforces Dubai’s status as the fashion
capital of the Middle East. Dubai Design Week, now in its
tenth edition, continues to strengthen the district’s calendar.
In December 2024, d3 hosted the inaugural Fashion Futures
event, part of a global series on the sustainable future of
the fashion industry. Al Bastaki is committed to nurturing
emerging talent through collaboration with academic institutions
and design platforms.
Before joining d3, she held management roles at Economic
Zones World, Jebel Ali Free Zone, and DP World, bringing
extensive experience in strategic operations and ecosystem
development.
Latifa bint Mohammed
bin Rashid Al Maktoum
Chairperson
Dubai Culture & Arts Authority
Her Highness Sheikha Latifa bint Mohammed bin Rashid
Al Maktoum is an Emirati government official and
cultural leader widely recognized for her contributions
to the UAE’s creative and cultural sectors, and her ongoing
efforts to promote these sectors through new initiatives.
Sheikha Latifa is a member of the Dubai Council and
Chairperson of the Dubai Culture & Arts Authority, where
she plays a key role in advancing Dubai’s cultural vision
and strengthening the emirate’s position as a global creative
hub. She also serves as Vice Chairperson of the Emirates
Literature Foundation and is a member of the board of the
Mohammed bin Rashid Al Maktoum Global Initiatives.
In addition, she is the honorary president of the Association
of Graduates from Dubai’s Zayed University. Beyond her
official responsibilities, Sheikha Latifa is passionate about
poetry and horse riding, reflecting her strong connection to
Emirati heritage and culture, while supporting innovation
and creative excellence.
36 www.thefinanceworld.com May 2026
Linda
Fitz-Alan
Chief Executive and Registrar
Abu Dhabi Global Market Courts
Linda Fitz-Alan joined the ADGM Courts as Registrar
and Chief Executive in September 2015 and has since
positioned the institution as a global leader in judicial
innovation and technology-driven dispute resolution.
She oversees the administration and operations of the
courts, including the development of its advanced digital
services and the pioneering eCourts Platform. She also
leads ADGM’s dispute resolution initiatives, including the
court-annexed mediation scheme and the management of
the state-of-the-art ADGM Arbitration Centre.
In November 2022, Fitz-Alan introduced two groundbreaking
initiatives: the use of blockchain technology for
the global enforcement of commercial judgments and the
launch of “mediation in the metaverse.” The blockchain-based
system enables courts worldwide to verify the authenticity
of judgments securely and efficiently, while the metaverse
mediation platform offers a next-generation approach to
resolving disputes digitally.
A strong advocate for gender equality, she also serves on
the Advisory Council of Masdar’s WiSER platform and leads
ADGM’s Gender Equality Initiative in partnership with local
and international organizations.
Ludmila
Yamalova
Founder & Managing Partner
Yamalova & Plewka FZCO
Ludmila Yamalova is Founder and Managing Partner
of HPL Yamalova & Plewka FZCO (LYLAW), a Dubaibased
law firm she established in August 2009. With
over twenty years of legal practice experience, including
fourteen years in Dubai and eight years in Silicon Valley,
California, she brings extensive international expertise to
her practice.
Yamalova holds a Juris Doctorate in Intellectual Property
Law from the University of Texas School of Law and a Master’s
degree in European Union Law from Université Paris X
Nanterre. She has been licensed by the State Bar of California
since 2002 and qualified to practice in the UAE, licensed by
the Dubai Legal Affairs Department and DIFC Courts. She
is registered as an arbitrator with the Dubai International
Arbitration Centre and an ADR-accredited mediator.
At LYLAW, Yamalova advises individuals and corporations
on legal matters related to living and doing business in the
UAE. She is known for her business-oriented and pragmatic
approach, focusing on practical solutions and conflict
minimization.
May 2026 www.thefinanceworld.com 37
Maryam
Matar
Founder & Chairperson
Emirates Genetic Diseases Association
Her Excellency Dr. Maryam Matar is the Founder and
Chairperson of the Emirates Genetic Diseases Association,
where her pioneering work has advanced
the UAE’s legislation for pre-marital screening, preventive
genetic testing, and genetic disorder prevention. She has
positioned the UAE as a recognized global contributor to
genetic research and innovation through her development
of the UAE Genetic Map Project.
Her Excellency is a graduate of Dubai Medical College
with a postgraduate degree in Family Medicine and a Ph.D.
from Yamagata University, Japan. She was the first Emirati
woman to serve as Senior Undersecretary of the Ministry of
Health and the first Emirati woman Director-General in the
Dubai Government, heading the Community Development
Authority. She led the executive team that established Dubai’s
Strategic Plan for Health, Education, and National Identity.
Dr. Matar has been recognized among the top Arab researchers
with a profound impact on humanity and is listed
among the most influential women in the Arab world. Her
career reflects a longstanding commitment to scientific innovation,
healthcare advancement, and national development.
Mona
Ataya
Founder
Mumzworld
Mona Ataya is a pioneering entrepreneur and the
founder of Mumzworld, the Middle East’s leading
mother and child e-commerce platform. Under her
leadership, Mumzworld scaled rapidly to become the region’s
most trusted and transactional platform for millions
of mothers, offering the widest catalog and serving over 20
countries across MENA.
Mumzworld became one of the most funded women-led
e-commerce businesses in the Arab world and the first
female-founded digital company in the region to achieve
a successful exit. Prior to Mumzworld, Ataya co-founded
Bayt.com, the Arab world’s largest job marketplace, where
she continues to serve as Partner. She is also co-founder of
Pharmaciaty.com.
Following her strategic exit from Mumzworld in early
2024, Ataya launched Digitise360 Advisors, a boutique, impact-driven
advisory firm partnering with leaders to scale
digital ecosystems and transform business models. She is
a board member of the Dubai Chamber of Digital Economy,
a UNCTAD delegate focused on digital empowerment for
women, and actively mentors entrepreneurs and invests in
high-growth enterprises across the region’s startup ecosystem.
38 www.thefinanceworld.com May 2026
Mona
Kattan
Founder
Kayali Fragrances
Mona Kattan is the founder of KAYALI Fragrances
and one of the most influential figures in the global
beauty industry. Known as the “Perfume Princess,”
she transformed her lifelong passion for fragrance into an
internationally recognized luxury perfume brand inspired
by Middle Eastern heritage and the art of scent layering.
After earning a degree in finance and briefly working in
investment banking, Mona began her entrepreneurial journey
in 2009 by launching a PR and business consultancy before
co-founding a beauty salon in 2012, an experience that later
contributed to the creation of Huda Beauty alongside her
sisters, Huda and Alya. Driven by her passion for perfume
and a personal fragrance collection of more than 5,000
scents, Mona launched KAYALI in 2018.
Under her leadership, the brand has grown into a globally
recognized fragrance house celebrated for storytelling, craftsmanship,
and cruelty-free formulations. In 2025, KAYALI’s
Vanilla Candy Rock Sugar | 42 was named Fragrance of the
Year – Women’s Prestige, while Yum BoujeeMarshmallow |
81 was recognized as a Popular Fragrance of the Year. Today,
KAYALI continues to redefine modern perfumery through
cultural authenticity, creativity, and self-expression.
Nada
Taryam
Chief Executive Officer
BEEAH Real Estate
Nada Taryam is the Chief Real Estate Officer and Director
of Civil and Architectural Projects at BEEAH Group,
one of the UAE’s leading environmental management
and sustainability pioneers. Through her leadership, Nada
Taryam has contributed to projects aligned with BEEAH’s
long-term vision of transforming Sharjah into one of the most
sustainable cities in the Middle East, with a strong focus on
environmental responsibility, innovation, and community
well-being. Nada Taryam holds degrees from the American
University of Sharjah and the Architectural Association
School of Architecture in London.
Alongside overseeing major real estate and architectural
developments at BEEAH, she also maintains an experimental
design practice through Architecture + Other Things, a studio
she co-founded with fellow young designers. The practice
combines advanced technologies such as computational
design with traditional Emirati cultural influences to create
projects that are both innovative and regionally grounded.
Her work reflects a commitment to culturally rooted architecture
that supports sustainability, social impact, and
the future development of the region.
May 2026 www.thefinanceworld.com 39
Nadia
Zaal
Founder
Zaya Real Estate Development Company
Nadia Zaal is Founder and CEO of Zaya Group, a boutique
developer specializing in high-end real estate
and hospitality. Known for her visionary approach,
she blends sustainability with luxury to create iconic
developments that harmonize nature with modern living,
redefining luxury real estate in the region.
Zaal co-founded Zaya in 2008 and has led the creation of
groundbreaking projects including Nurai Island, featuring
the region’s first floating solar plant, and ZUHA. As former
CEO of Al Barari Group, she spearheaded the creation of Al
Barari, a lush, low-density community renowned for its focus
on sustainability and eco-conservation. These developments
demonstrate her commitment to integrating environmental
responsibility with exclusive lifestyle experiences.
Beyond real estate, Zaal established the Zaya Early Learning
Center, offering alternative education for young children. In
2024, she completed construction on an alternative school
in Dubai that integrates play-based learning, reflecting her
broader vision of creating transformative spaces.
Her work reflects her passion for creating spaces that
inspire transformation, balance, and connection with the
natural world.
Nadine Halabi de
Francesca
Head of Business Development and Operations
Dubai Business Women Council
Nadine Halabi de Francesca is Head of Business Development
and Operations at the Dubai Business
Women Council, where she has served since August
2011. Through her leadership, the council has strengthened
its position as a key platform supporting women-led enterprise
in the UAE, while evolving its programs to meet the
demands of a digital and innovation-driven economy.
Her tenure has focused on developing member-centric
initiatives that combine practical business support with
emerging technologies and digital transformation. Recognizing
the growing importance of AI and emerging technologies, she
championed the integration of future-focused capabilities
into the council’s core offerings.
Among her notable initiatives is sAIdaty, developed in collaboration
with Oracle, which provides women with training
in cloud computing, generative AI, machine learning, and
blockchain, aligned with the UAE National AI Strategy. She
also created Women Leaders with Tech to equip mid-to-senior
leaders with future-ready skills. Through strategic partnerships
with AWS, Capgemini, and Odoo, she has expanded
certifications and employability opportunities.
40 www.thefinanceworld.com May 2026
Nadine
Mezher
Co-Founder & CEO
NAWA
Nadine Mezher is the Co-Founder and CEO of NAWA,
where she drives innovation across emerging technology
and digital business ecosystems. She also serves
as the Co-Founder and Executive Board Director of Sarwa,
one of the region’s pioneering hybrid fintech investment
platforms, focused on making wealth management more
accessible to digitally driven investors.
At Sarwa, Mezher shapes the company’s strategic positioning,
customer engagement, and digital growth initiatives.
She plays a central role in expanding the platform’s
footprint across the GCC while strengthening its reputation
as a technology-led alternative within the regional financial
services sector. Under her leadership, Sarwa broadens its
offerings through initiatives such as Sarwa X, launched in
partnership with Saxo Bank, enabling self-directed investing
for retail users.
In addition to her executive leadership roles, Mezher is a
Dubai Future Fellow with the Dubai Future Foundation. She
is recognised for her expertise in fintech innovation, digital
strategy, customer acquisition, and ecosystem development.
Naeema
Ahli
Chief Executive Officer
Dubai Women Establishment
Naeema Ahli serves as the CEO of Dubai Women
Establishment (DWE), an organization founded in
2006 to strengthen the role of Emirati women in the
workforce and enhance their leadership and professional
capabilities.
Naeema Ahli was appointed CEO in April 2024, reflecting
her long-standing contribution to advancing women’s empowerment
initiatives across the UAE. Under her leadership,
DWE continues to expand partnerships and programmes
focused on professional development, leadership training,
and workplace inclusion. In March 2024, the organization
signed a Memorandum of Understanding with Dubai Police
to collaborate on events and specialized trainings aimed at
strengthening women’s professional skills and capabilities.
DWE’s subsidiaries include the Dubai Ladies Club and
The Cultural Office of Her Highness Sheikha Manal bint
Mohammed bin Rashid Al Maktoum, which support cultural,
educational, and social initiatives dedicated to women’s
advancement.
May 2026 www.thefinanceworld.com 41
Najla Ahmed
Midfa
Chief Executive Officer
Sharjah Entrepreneurship Center
Najla Ahmed Al-Midfa is the Chief Executive Officer
of Sharjah Entrepreneurship Center (Sheraa), where
she leads initiatives aimed at strengthening Sharjah’s
entrepreneurial ecosystem and accelerating startup growth.
Under her leadership, Sheraa has evolved into a leading
regional platform supporting founders through mentorship,
funding access, industry partnerships, and global networks.
Through Sheraa, Al-Midfa has played a central role in
positioning Sharjah as a growing hub for innovation and
entrepreneurship. She oversees flagship initiatives, including
the Sharjah Entrepreneurship Festival, which has attracted
more than 18,000 attendees globally and convenes entrepreneurs,
investors, policymakers, and industry leaders to
drive collaboration and innovation across emerging sectors.
In addition to her role at Sheraa, Al-Midfa serves on the
boards of United Arab Bank, Emirates Development Bank,
and Dana Gas. She is also Vice-Chairperson of Young Arab
Leaders and a board member of Endeavor UAE.
Al-Midfa previously held roles at McKinsey & Company,
Shell, and PwC. She is also an Eisenhower Global Fellow
and a fellow of the Aspen Institute’s Middle East Leadership
Initiative.
Noura bint Mohammed
Al Kaabi
Minister of State
Ministry of Foreign Affairs of the U.A.E
Her Excellency Noura bint Mohammed Al Kaabi serves
as Minister of State at the Ministry of Foreign Affairs,
where she advances the UAE’s diplomatic agenda
through cultural engagement, international cooperation, and
strategic bilateral relations. Her work reinforces culture,
education, and creative industries as pillars of national soft
power and global engagement.
Her Excellency has held senior leadership roles, including
Minister of Culture and Youth, Minister of State for Federal
National Council Affairs, Commissioner-General of the UAE
Pavilion at Expo 2020 Dubai, and President of Zayed University,
reflecting her cross-sector leadership across culture,
education, and national representation.
She has received international honours, including the
Chevalier of the French Order of the Legion of Honour, the
French Order of Merit, and the Ghanghwa Medal from the
Republic of Korea. She holds a Bachelor’s degree in Management
Information Systems from the United Arab Emirates
University and completed executive leadership studies at
London Business School.
42 www.thefinanceworld.com May 2026
Naima
Al Falasi
Senior Vice President - AI
Strategy & Transformation
Mubadala
Naima Al Falasi is a senior strategy
and transformation executive
with more than two decades of
experience across sovereign investment,
financial services, technology, and entrepreneurship.
She currently serves as
Senior Vice President – AI Strategy &
Transformation at Mubadala Investment
Company, where she drives AI-led strategy,
portfolio alignment, and enterprise-wide
transformation initiatives that enhance
investment decision-making and operational
performance.
In this role, she shapes AI-enabled
value creation across diversified global
investments, strengthening governance
frameworks and advancing cross-functional
execution across complex institutional
environments. Her leadership focuses on
integrating artificial intelligence into strategic
planning and portfolio optimization,
supporting long-term institutional agility.
Prior to Mubadala, Al Falasi held leadership
roles across Abu Dhabi Global
Market, HSBC Middle East, BNP Paribas,
and FIS, contributing to regulatory, financial,
and technology-driven transformation
initiatives across international markets.
She also founded Cristal Internet Group,
an early consumer e-commerce venture
in Algeria, reflecting her entrepreneurial
and digital innovation background.
Highlights
Industry Established In Total Assets
Investment &
Development 2002 AED 1.414T
The interesting question about AI is no longer what it can do. It is
what it asks of the human.”
May 2026 www.thefinanceworld.com 43
Noor
Sweid
Managing Partner
Global Ventures
Noor Sweid is the Founder and Managing
Partner of Global Ventures, a
venture capital firm investing across
emerging markets in the Middle East and
Africa. She leads investment strategy and
portfolio growth across high-growth technology
companies, with a focus on scaling
innovation-driven businesses.
Previously, she served as Chief Investment
Officer at Dubai Future Foundation
and Managing Partner at Leap Ventures,
advancing regional startup investment
and ecosystem development. Earlier, she
played a key role at Depa PLC, leading
cross-border acquisitions and its dual
listing on the London Stock Exchange and
NASDAQ Dubai, reaching a valuation exceeding
USD 1B. She also founded ZenYoga,
the region’s first yoga studio chain, later
achieving a successful private equity exit.
She serves as Chairwoman of the Middle
East Venture Capital Association and
sits on several regional and international
boards spanning technology, healthcare,
and entrepreneurship.
She holds a Bachelor’s degree in Finance
and Economics from Boston College
and an MBA from MIT Sloan School of
Management.
Industry
Highlights
Established In
Markets Covered
Venture Capital 2018
12+
There is no such thing as a straight path to success... you only get
to the ups after the downs.”
44 www.thefinanceworld.com May 2026
Ola
Doudin
Co-Founder and CEO
BitOasis
Ola Doudin is the Co-Founder and CEO of BitOasis,
one of the leading digital asset platforms in the Middle
East and North Africa. A serial entrepreneur and
blockchain advocate, she has played a significant role in
advancing cryptocurrency adoption and fintech innovation
across the region.
With a background in finance and economics, Ola Doudin
spent more than a decade working in the banking and financial
services industry before launching BitOasis, combining
her expertise in financial systems with emerging blockchain
technologies. Under her leadership, BitOasis has become
a prominent platform supporting digital asset trading and
blockchain-based financial solutions in the MENA region.
Doudin is recognized for her strong advocacy of blockchain
technology as a tool to promote financial inclusion,
economic development, and greater accessibility to modern
financial services. Her work has contributed to positioning
the UAE and the wider Gulf region as growing hubs for
digital finance and cryptocurrency innovation.
Through her entrepreneurial vision, she continues to
champion technology-driven solutions that address real-world
financial challenges.
Rachel
Conlan
Global Chief Marketing Officer
Binance
Rachel Conlan is Chief Marketing Officer at Binance,
driving the company’s global marketing strategy and
brand campaigns as it reinforces its standing as the
world’s most trusted cryptocurrency brand. She oversees
global and regional teams, developing innovative campaigns
to bring new entrants to crypto and facilitate mainstream
adoption.
Before joining Binance, Conlan held senior leadership roles
at leading global organizations, demonstrating exceptional
expertise in brand strategy and partnership development. As
Global Chief Marketing Officer for Havas, the sixth-largest
communications company within the Vivendi conglomerate,
she enhanced reputation and revenue through integrated marketing
and experiential platforms for Fortune 500 companies.
As Managing Director of Havas Luxhub, Conlan led
strategic and commercial operations for luxury, fashion,
and lifestyle companies, serving iconic brands including
LVMH, PUIQ, Sotheby’s, Net-a-Porter, Netjets, and Kit and
Ace. She orchestrated Havas’ 2012 rebrand from Euro RSCG
Worldwide, establishing new standards for organizational
transformation.
Earlier, Conlan held Global Partnerships leadership at CAA
Sports, developing innovative brand partnerships and cultural
marketing programs that bridged global brands, rights holders,
and talent across the sports and entertainment sector.
May 2026 www.thefinanceworld.com 45
Raja
Al Mazrouie
CEO
Etihad Credit Insurance
Her Excellency Raja Al Mazrouei is Chief Executive
Officer of Etihad Credit Insurance, a role she assumed
in May 2023. She leads the organization’s
focus on expanding regional collaboration, strengthening
risk management frameworks, and supporting the UAE’s
non-oil trade ambitions in alignment with national economic
diversification goals.
A notable milestone under her leadership came in October
2024, when Etihad Credit Insurance signed Memoranda of
Understanding with Saudi EXIM Bank and Credit Oman.
These agreements enhance regional partnerships in insurance
and risk management while facilitating cross-border
trade cooperation across the GCC, covering supply chain
risk mitigation, export financing, SME financing solutions,
letters of credit confirmation, and corporate finance support.
Earlier in her career, Her Excellency served as Executive
Vice President at the Dubai International Financial Centre,
where she established The FinTech Hive, recognized as one
of the world’s top financial innovation labs. She has held
executive positions at the Higher Colleges of Technology,
Dubai Holding, and National Bonds Corporation.
Raja Easa
Al Gurg
Chairperson & Managing Director
Easa Saleh Al Gurg Group LLC
Dr. Raja Easa Al Gurg is Chairperson and Managing
Director of the Easa Saleh Al Gurg Group, a leading
diversified conglomerate spanning retail, consumer,
building materials, industrial, real estate, and services
sectors. She has achieved stellar leadership of the Group,
steering it through strategic growth and strengthening its
regional prominence.
A pioneering advocate for Arab women entrepreneurs, Dr.
Al Gurg is Founder of the Dubai Business Women Council
and Board Member of Dubai Chambers. She serves on the
boards of Dubai Chamber of Trade and Dubai Women’s
Association, advancing gender inclusion within the private
sector. She also serves as Chairperson of Al Jalila Foundation,
advancing healthcare innovation and research globally.
Dr. Al Gurg holds strategic positions across financial and
educational institutions, including Deputy Chairperson of
the National Bank of Fujairah, advisory board member at
Coutts Bank, and Vice Chairperson of the University of Dubai.
She sits on the boards of Mohammed Bin Rashid University
of Medicine and Health Sciences, Hamdan Bin Mohammed
Smart University, and Ajman University.
46 www.thefinanceworld.com May 2026
Rasha
Al Danhani
Founder
PappaRoti
Rasha Al Danhani is an Emirati entrepreneur widely
recognized for founding PappaRoti, a popular café
brand she introduced to the Middle East. She discovered
the concept during a trip to Malaysia in 2008 and
launched the first PappaRoti outlet in Dubai Mall in July
2009. Under her leadership, the brand expanded rapidly to
become an international café chain with a presence across
multiple global markets.
Beyond PappaRoti, Al Danhani has built a diverse portfolio
of ventures, including Brandnoise Creative Agency, Al Rasha
Investments, and The 1978 Suite, reflecting her broad interests
across hospitality, branding, and investment sectors.
Al Danhani studied business management at Dubai Women’s
College, where she participated in entrepreneurship
programmes that shaped her leadership skills. Before launching
her ventures, she gained professional experience with
prominent organizations, including Emaar Properties and
the Dubai Development and Investment Authority, building
expertise in business operations and strategic development.
Through her ventures, Al Danhani has shaped the region’s
café culture while inspiring women entrepreneurs across
the Middle East.
Renuka
Jagtiani
Chairwoman
Landmark Group
Renuka Jagtiani is Chairwoman of Landmark Group,
the Middle East’s leading retail conglomerate. She
joined the business in 1993 and assumed the role
of Chairwoman in 2017, driving sustained expansion, operational
excellence, and strategic transformation across
multiple markets.
One of her early milestones was launching Splash, a
high-street fashion brand that evolved into a regional retail
success story. This demonstrated her ability to identify
emerging consumer trends and translate them into scalable
business models.
Jagtiani displayed forward-thinking vision by guiding
Landmark Group’s entry into e-commerce more than a decade
ago, well ahead of regional adoption. By embedding digital
capabilities into the Group’s retail ecosystem, she ensured
competitiveness amid shifting consumer behaviours and
technological change.
Today, she focuses on sharpening the Group’s strategic
direction and advancing its long-term vision. Landmark Group
operates across retail, hospitality, fitness, logistics, and leisure
sectors, with a presence spanning multiple countries
across the Middle East, Africa, India, and Southeast Asia.
May 2026 www.thefinanceworld.com 47
Rola
Abu Manneh
CEO – UAE, Middle East and Pakistan
Standard Chartered
Rola Abu Manneh serves as CEO of Standard Chartered
Middle East and Pakistan, following the expansion
of her leadership role in April 2024. She has played a
key role in strengthening the bank’s regional presence and
advancing financial innovation across the Middle East and
South Asia.
In November 2024, Standard Chartered partnered with
Wise Platform to enhance multi-currency money transfer
services across Asia and the Middle East, supporting faster
and more accessible cross-border transactions.
Beyond her executive responsibilities, Rola Abu Manneh
serves as a director on the boards of Standard Chartered
Pakistan and Standard Chartered Uganda, while also supporting
humanitarian initiatives through her role with the
Make-A-Wish Foundation UAE.
She is also a board member of myZoi, a subsidiary of
Standard Chartered focused on financial inclusion, the Dubai
International Chamber, and a member of the Global Council
for Sustainable Development Goal 5.
Saeeda
Jaffar
Managing Director - MEA
Circle
Dr. Saeeda Jaffar is the Managing Director for the
Middle East and Africa at Circle, where she leads the
company’s regional strategy and expansion across
digital finance and blockchain-powered financial infrastructure.
Based in the UAE, she plays a key role in advancing
innovation and adoption within the evolving digital asset
ecosystem across high-growth markets.
Prior to joining Circle, Jaffar served as General Manager
for the GCC at Visa, where she led regional operations
and strategic initiatives across one of the world’s leading
digital payments companies. Her career spans leadership
roles across banking, payments, and financial technology,
positioning her among the region’s leading voices in digital
finance and innovation.
In addition to her executive responsibilities, Jaffar serves
as a Member of the Advisory Council of the Dubai International
Chamber, contributing to discussions focused on
international business growth and economic collaboration.
She is recognized for her expertise in fintech, digital transformation,
strategic partnerships, and emerging financial
technologies across the Middle East and Africa.
48 www.thefinanceworld.com May 2026
Safa Bouzidi
Leterme
Managing Director
Daman Investments
Safa Bouzidi-Leterme is Managing Director of Wealth
& Asset Management at Daman Investments, leading
the full commercial and operational agenda with a
50-person team across investment management, product
platforms, distribution, and development.
Under her leadership at Daman, she has architected the
UAE’s first onshore feeder fund service in partnership with
AllianzGI and major local banks. She co-designed the region’s
first Voluntary End of Service pension scheme in collaboration
with the CMA and MOHRE, setting a regulatory precedent
for the UAE market. She has driven platform and portfolio
management overhauls and cultivated partnerships with
global asset managers, FinTechs, and regulatory bodies to
accelerate market penetration.
Prior to Daman, Bouzidi-Leterme served as Head of Digital
Wealth Management at Al Hilal Bank, where she built and
led a Sharia-compliant digital wealth proposition managing
significant assets under management. She designed and
scaled digital investment and insurance solutions tailored
to the UAE’s Islamic finance market.
Earlier, she spent over 13 years at Standard Chartered
Bank, culminating as Executive Director and Regional Head
of Wealth Management Strategic Solutions covering Africa,
the Middle East, and Europe.
Sameera
Fernandes
CEO
Econova Global
Sameera Fernandes is Chief Executive Officer of Econova
Global, where she leads the company’s mission to
redefine growth by strategically integrating sustainability
across investments and management. She focuses on pioneering
innovative solutions that transform environmental
challenges into economic opportunities for global partners,
driving value toward a net-zero future.
Fernandes is also Chairperson of the Stockbrokers and
Investment Services Business Group at Dubai Chambers.
She is recognized as a strategic leader whose work bridges
finance, technology, and sustainability.
A recipient of the Women of Finance Award, Fernandes is
a vocal advocate for sustainable investments, impact-driven
capital allocation, and AI for Good. Her leadership philosophy
centres on integrating environmental, social, and governance
principles into strategic frameworks and leveraging artificial
intelligence to deliver measurable value.
Her professional journey spans senior leadership roles
across global organizations, including Sun Microsystems,
Nokia, and Al Ghurair, where she drove business growth,
digital innovation, and sustainable expansion.
May 2026 www.thefinanceworld.com 49
Samia
Bouazza
Group CEO and Managing
Director
2PointZero
Samia Bouazza is Chief Executive
Officer of 2PointZero (formerly
Multiply Group PJSC), leading the
company’s strategic development, its
growing investment portfolio of high-return
businesses, and sustainable growth
of the Group’s subsidiaries.
A significant milestone in her leadership
is being the first woman to take a company
public on the Abu Dhabi Stock Exchange,
marking a landmark achievement in the
regional capital markets.
Bouazza serves as Board Member of
several prominent organizations, including
TAQA, Arena Events Group, and Emirates
Driving Company, contributing to governance
and strategic oversight.
Academically, Bouazza holds a BA in
Political Science and Public Administration
from the American University of Beirut. She
completed executive education certificates
in Strategic Intelligence from Harvard
Business School and Digital Disruption
from the University of Cambridge.
She is an active member of Young Presidents’
Organization and a keystone member
of Friends of Abu Dhabi Art, reflecting
her commitment to leadership excellence
and cultural patronage. Through strategic
vision and disciplined execution, Bouazza
continues to shape a resilient and forward-looking
investment enterprise.
Highlights
Industry Founded Total Employees
Investment
Holding 2023 40,000+
Growth is at the core of our mindset and actions. We have an
insatiable hunger for continuous learning, embracing data,
research, and empowerment.”
50 www.thefinanceworld.com May 2026
Sania
A. Ansari
Chairperson & CEO
Ansari Group
Her Excellency Dr. Sania A. Ansari is Chairperson
and CEO of Ansari Group Ltd, a global consulting
firm operating across Canada, the UAE, and serving
clients in over 90 countries. Since May 2017, she has led
the organization’s strategic direction, providing consulting,
digital technology, and operations services across oil and
gas, defence, capital investment, infrastructure, real estate,
renewable energy, and other key sectors.
Under her leadership, Ansari Group partners with emerging
and expanding businesses while consulting with governments
to enhance trade relations and facilitate trade delegations
between countries and corporations. The firm offers comprehensive
advisory services, including strategy consulting,
mergers and acquisitions, tax advisory, real estate advisory,
and technology solutions.
In addition to her role at Ansari Group, Her Excellency
has served as Chairperson and Founder of Ansari Foundation
since December 2019. She is a Strategic Partner
for UN-Habitat’s SDG Cities Initiative, collaborating on a
flagship programme to advance sustainable development
goals across cities globally.
Her Excellency brings extensive expertise in business
strategy, humanitarian engagement, and international advisory
across multiple regions.
Sarah bint Yousef Al
Amiri
UAE Minister of Education
Government of the UAE
Her Excellency Sarah bint Yousif Al Amiri serves as
the UAE Minister of State for Public Education and
Advanced Technology and holds several influential
leadership positions shaping the country’s scientific and
technological future. She has served as the Chairwoman of
the UAE Space Agency, and is a member of the Emirates
Scientists Council, while also leading initiatives linked to
advanced technology, innovation, and the Fourth Industrial
Revolution.
In her ministerial role, she oversees efforts to accelerate
the adoption of advanced technologies, strengthen research
and development, and support the UAE’s transition towards
a knowledge-based economy. Al Amiri also serves as Deputy
Project Manager and Science Lead for the Emirates Mars
Mission at the Mohammed bin Rashid Space Centre.
Earlier in her career, she led research and development
initiatives at MBRSC and contributed to projects including
DubaiSat-1, DubaiSat-2, and KhalifaSat. Recognized globally
for her scientific contributions, she was named among the
World Economic Forum’s 50 Young Scientists in 2015 and
holds Bachelor’s and Master’s degrees in Computer Engineering
from the American University of Sharjah.
May 2026 www.thefinanceworld.com 51
Sahar
Cooper
Chief Executive Officer
ALDAR Education
Sahar Cooper is Chief Executive Officer of Aldar Education,
a wholly owned subsidiary of Aldar Properties. Since
assuming the role in 2018, she has led the company’s
expansion into Abu Dhabi’s leading education provider and
the UAE’s second largest operator.
Under her leadership, Aldar Education has driven strategic
acquisitions, digital innovation, and sustainability initiatives
across its portfolio. The company has strengthened its position
as a significant contributor to Aldar Properties’ overall
business performance and growth trajectory.
Sahar brings over 30 years of global education management
experience. Previously, she held senior leadership roles at
GEMS Education and served as Associate Director of Operations
at the American University of Sharjah, building deep
expertise in institutional growth, operational excellence,
and educational transformation.
Through her strategic vision and operational leadership,
Sahar continues to shape the UAE’s education landscape.
Her focus on digital innovation, sustainability, and strategic
expansion positions Aldar Education as a transformative
force in regional and international education services.
Sonia
Gokhale
Cofounder & General Partner
VentureSooq
Sonia Gokhale is Cofounder and General Partner at
VentureSouq, a MENA-focused venture capital firm
headquartered in the UAE. Since cofounding the firm
in 2013, she has played a pivotal role in shaping the region’s
early-stage investment landscape.
Under her leadership, VentureSouq has grown into a
prominent venture capital platform focusing on high-growth
technology sectors across the Middle East and North Africa.
The firm backs innovative startups in fintech, climate tech,
and enterprise solutions, leveraging disciplined investment
strategy and strong regional networks to enable entrepreneurial
growth.
Recent milestones include securing commitments from
Jordan’s Innovative Startups and SMEs Fund in 2024 and
co-leading a pre-seed funding round for Saudi-based fintech
startup Mala, signalling continued investor appetite for early-stage
financial technology ventures in the Gulf.
Gokhale brings deep financial expertise to her role. She
is a Fellow of the Canadian Institute of Actuaries and the
Society of Actuaries, reflecting a strong foundation in risk
assessment, financial modelling, and capital management.
Her actuarial background has contributed to VentureSouq’s
data-driven investment approach and rigorous portfolio
oversight.
52 www.thefinanceworld.com May 2026
Shaista
Asif
Co-Founder and Group CEO
PureHealth Holding
Shaista Asif is the CoFounder and
Group CEO of PureHealth Group, one
of the largest integrated healthcare
platforms in the region. Since cofounding
the company in 2006, she has overseen the
expansion of its extensive healthcare portfolio,
which today includes more than 110
hospitals, 316 clinics, diagnostic centres,
pharmacies, health insurance services,
and healthtech investments.
Under her leadership, PureHealth manages
a global workforce of more than 65,000
employees and has expanded beyond the
UAE into markets across the Middle East,
the U.K., the U.S., Greece, and Cyprus.
In October 2025, Shaista Asif led the
completion of PureHealth’s $933 million
acquisition of a 60% stake in Hellenic
Healthcare Group, one of the leading
private healthcare providers in Greece
and Cyprus, further strengthening the
company’s international presence.
She is also spearheading the group’s
digital transformation strategy through
Pura, an AI-enabled healthcare application
designed to connect hospitals and clinics
across the PureHealth network, improving
patient access, operational efficiency, and
integrated healthcare delivery.
Highlights
Industry Established In Total Employees
Healthcare 2006
100,000+
The greatest breakthrough of our generation will be for us health
professionals to have the courage to break down the existing
fragmented healthcare ecosystem.”
May 2026 www.thefinanceworld.com 53
Sophie Doireau-
Tiberghien
CEO – Middle East, India, Africa and Türkiye
Cartier
Sophie Doireau serves as CEO for the Middle East,
India, Africa, and Türkiye at Cartier, overseeing the
luxury brand’s operations across a diverse and rapidly
growing regional market.
She joined Cartier in France in 2008 before relocating to
the UAE in 2014 as Marketing and Communications Director
for the Middle East. In 2021, she assumed her current leadership
role, managing a workforce of around 600 employees
across multiple international markets. Under her leadership,
Cartier has continued to strengthen its regional presence
while investing in talent development and retail expansion.
In July 2023, the company launched the Al Raya programme,
an immersive 12-month learning initiative designed to support
and develop Emirati talent within the luxury sector.
Later that year, Cartier expanded its footprint in India
with the opening of a new boutique at Jio World Plaza, one
of Mumbai’s premier luxury retail destinations. Doireau’s
leadership reflects Cartier’s focus on innovation, cultural
engagement, and growth across emerging luxury markets.
Suaad
Al Shamsi
First Emirati Female Aircraft Engineer
Etihad Airways
Dr. Eng. Suaad Al Shamsi is recognized as the first
Emirati female aircraft engineer, breaking barriers in
the aviation industry while inspiring a new generation
of women in science, engineering, and technology. From an
early age, she viewed aircraft not simply as machines, but
as symbols of freedom, ambition, and limitless possibility.
Her journey has been shaped by persistence, consistency,
and a determination to create opportunities rather than wait
for them. Beyond aviation engineering, Dr. Suaad Al Shamsi
is also a researcher specializing in artificial intelligence and
its applications in aviation, exploring how emerging technologies
can transform the future of the aerospace sector.
She believes research is a form of leadership that enables
informed decision-making and drives meaningful innovation.
Alongside her technical and academic work, she is also a
writer and artist who views creativity and intellect as deeply
interconnected. Throughout her career, she has remained
committed to serving the UAE through innovation and
knowledge development, opening doors for ambitious Emirati
women and reinforcing the country’s growing reputation
as a hub for advanced technology and scientific progress.
54 www.thefinanceworld.com May 2026
Tabinda
Sanpal
Founder & Director
ANAX Capital
Tabinda Sanpal has built a career
defined by financial innovation,
cross-border expertise, and a strong
commitment to expanding access to modern
financial solutions. With an academic
foundation in Business and Finance from
the United Kingdom, she developed an
early understanding of international capital
markets, structured financial products,
and investment strategy.
To strengthen her regulatory and compliance
expertise, she earned the respected
CISI certification in FCA Rules and
Regulations, equipping her with in-depth
knowledge of the UK’s financial governance
framework and industry best practices.
Her professional journey spans trading,
investments, and real estate, where she
gained extensive exposure to both onshore
and offshore financial structures, wealth
management, and cross-border operations.
Through these experiences, Tabinda
identified growing demand for transparent,
technology-driven financial ecosystems
capable of serving both retail and institutional
investors across the MENA markets.
Her work today reflects a forward-looking
approach to finance, combining strategic
insight, regulatory understanding, and
innovation to support more accessible
and efficient financial services in rapidly
evolving economies.
Industry
Highlights
Industry
Recognitions
Total Employees
Financial Services 6 30+
Agility defines long-term success. Step into leadership with
confidence, create meaningful impact, and remember, true
leadership is measured by your ability to inspire others and drive
positive change.”
May 2026 www.thefinanceworld.com 55
Tayba Al
Hashemi
CEO
ADNOC Offshore
Tayba Abdulrahim Al Hashmi brings
more than two decades of experience
across technical and executive
leadership roles within the energy sector.
In her current role as Chief Executive
Officer of ADNOC Offshore, Tayba Abdulrahim
Al Hashmi leads a large-scale
offshore energy operation that works
alongside international partners to support
a substantial share of Abu Dhabi’s oil and
gas production, advancing ADNOC’s focus
on operational excellence, innovation, and
long-term value creation. Her leadership
advances ADNOC’s focus on operational
excellence, innovation, and long-term
value creation.
From 2020 to 2023, Al Hashmi served
as CEO of ADNOC Sour Gas, where she
strengthened the company’s position as
a reliable and competitive gas supplier
through a focus on operational resilience
and supply security. In 2018, she became
one of the first female CEOs within the
ADNOC Group following her appointment
as CEO of Al Yasat Petroleum Operations
Company.
Earlier in her career, she held several
senior leadership roles within ADNOC’s
Upstream directorate, overseeing reservoir
development, exploration strategy, and
onshore oil and gas operations.
Highlights
Industry
Established In
Oil & Gas 2014
To lead for the future, we need to continue recruiting the right
people, investing in their development, and strengthening
partnerships... When all of us come together, we can move faster.”
56 www.thefinanceworld.com May 2026
Zulekha
Daud
Founder and Chairperson
Zulekha Healthcare Group
Dr. Zulekha Daud is a renowned
healthcare entrepreneur, and
philanthropist who played a pioneering
role in shaping private healthcare
in the UAE.
She arrived in Sharjah in 1964 after
working at the American Mission Hospital
in Kuwait and quickly became recognized
for her dedication to accessible and patient-focused
medical care. At a time when
healthcare infrastructure in the region
was still developing, Dr. Zulekha earned
the trust of communities through her
commitment to compassionate treatment
and medical excellence.
In 1992, she established Zulekha Hospital,
the first private hospital in Sharjah,
laying the foundation for what would
become one of the UAE’s leading healthcare
groups. Today, the Zulekha Group
operates hospitals in Sharjah and Dubai
alongside multiple medical centres across
the emirates, collectively treating around
550,000 patients annually.
Dr. Zulekha’s contributions to healthcare
and community service have been
internationally recognized. In January
2019, she received the prestigious Pravasi
Bharatiya Samman Award, India’s highest
honour for overseas Indians, celebrating
her exceptional achievements and impact
abroad.
Highlights
Industry Established In Total Employees
Healthcare 1964
3,000+
Work is worship... I tell all the women keep working focus that you
are not getting something out of it. You have to serve the people.”
May 2026 www.thefinanceworld.com 57
Global
Source: Ai generated
Advanced data infrastructure, AI innovation, and energy investments are strengthening the GCC’s global economic influence
Powering The
Economy: Data, AI,
and Energy Redefining
The GCC’s Influence
Data, Artificial Intelligence and Energy Innovation
are Reshaping the GCC’s Role in the Global
Economy
The Gulf Cooperation Council is entering
a new phase of economic transformation
driven by data, artificial intelligence,
and evolving energy strategies. While the
region has long been recognized for its
influence in global energy markets, GCC
economies are increasingly investing in
digital infrastructure, advanced technologies,
and clean energy solutions to
diversify growth. Governments across the
region, particularly in the United Arab
Emirates and Saudi Arabia, are positioning
innovation at the center of national development
agendas. By combining strong
energy resources with rapidly expanding
digital capabilities, the GCC is building
a more resilient and technology-driven
economic model that is strengthening its
role in shaping the future global economy.
58 www.thefinanceworld.com May 2026
The global economy is undergoing a
profound transformation as data,
artificial intelligence, and energy
innovation reshape the foundations
of economic power. Across the Gulf
Cooperation Council, governments
are positioning these three pillars at
the center of long-term development
strategies. Countries such as the United
Arab Emirates and Saudi Arabia are investing
heavily in digital infrastructure,
advanced technologies, and energy
diversification to strengthen their
global competitiveness. By integrating
data-driven innovation with large-scale
energy investments, the GCC is building
a new economic model that goes beyond
traditional resource dependence. This
transformation is gradually redefining
the region’s influence in global technology,
finance, and energy markets.
Data as the New Strategic Asset
Data has become one of the most
valuable economic resources in the
modern world. Governments and businesses
rely on data analytics to guide
decision-making, optimise operations,
and unlock new business opportunities.
Within the GCC, national digital strategies
are placing significant emphasis on
data governance, cloud infrastructure,
and smart city development.
The UAE, for example, has built an
extensive digital government ecosystem
that relies on advanced data platforms
to deliver services more efficiently.
Smart city initiatives in Dubai and
Abu Dhabi generate large volumes
of real-time data that can be used to
improve transportation systems, urban
planning, and public services.
At the same time, regional governments
are developing regulatory
frameworks to ensure that data is
managed securely and responsibly. Data
protection laws and digital governance
policies are becoming increasingly
important as digital economies expand.
This growing focus on data is helping
the GCC transition towards knowledge-based
economies where innovation,
research, and digital capabilities
drive economic growth.
Artificial Intelligence Driving
Innovation
Artificial intelligence is rapidly becoming
a cornerstone of the GCC’s
economic transformation. Governments
across the region are integrating AI
into sectors ranging from healthcare
and finance to energy and logistics.
The UAE has taken a particularly
proactive approach, becoming one
of the first countries in the world to
appoint a dedicated Minister for Artificial
Intelligence. National strategies
aim to integrate AI technologies across
government operations, business environments,
and research institutions.
Companies operating in the GCC are
also investing heavily in AI applications
designed to improve productivity and
efficiency. Financial institutions are
deploying AI for fraud detection and
risk management, while logistics companies
are using predictive analytics
to optimise supply chains.
AI innovation hubs and research
partnerships are also emerging across
the region. Technology zones in cities
such as Dubai and Riyadh are attracting
global technology firms, start-ups, and
venture capital investment.
These initiatives are positioning the
GCC as an emerging center for artificial
intelligence development and digital
innovation.
Energy Transformation and Global
Influence
Energy remains a fundamental pillar of
the GCC’s economic strength, but the
region is rapidly expanding its energy
strategy to include renewable sources
and advanced energy technologies.
While oil and gas continue to play an
important role, governments are investing
heavily in solar power, hydrogen,
and other clean energy solutions.
The UAE has launched several largescale
renewable energy projects designed
to reduce carbon emissions
while maintaining energy security.
Solar parks in Dubai and Abu Dhabi
rank among the largest in the world,
demonstrating the region’s ability to
combine traditional energy expertise
with sustainable innovation.
Hydrogen is also gaining increasing
attention as a potential future energy
source. Several GCC countries
are developing hydrogen production
projects aimed at supplying international
markets seeking cleaner energy
alternatives.
These investments are allowing
the region to maintain its global energy
leadership while adapting to the
changing dynamics of the international
energy market.
Advanced technologies
such as artificial
intelligence and data
analytics are central to
building future economies
and sustainable growth.”
H.E. Omar Sultan Al Olama, Minister of
State for Artificial Intelligence, Digital
Economy and Remote Work Applications,
UAE Government
Building Digital and Energy
Infrastructure
A key factor supporting the GCC’s
economic transformation is the largescale
investment in infrastructure.
Governments are allocating significant
resources to digital connectivity,
cloud computing facilities, and energy
networks.
Data centres are being developed
across the UAE and other GCC markets
to support the rapid expansion of digital
services. These facilities provide the
computing power required for artificial
intelligence applications, financial
platforms, and smart city technologies.
Energy infrastructure is also evolving
as countries modernise electricity grids
and expand renewable energy capacity.
Smart grid technologies allow utilities
to manage electricity supply more efficiently
while integrating renewable
power sources.
This combination of digital and energy
infrastructure is creating the foundation
for a more resilient and technologically
advanced regional economy, enabling
growth and competitiveness.
May 2026 www.thefinanceworld.com 59
Global News
EGA to Acquire
Majority Stake in
Italian Aluminium
Recycling Firm
Emirates Global Aluminium
(EGA) has entered into an
agreement to acquire an 80%
stake in Eco Green, an Italy-based
aluminium recycling company, as part
of its broader international growth
strategy. The financial details of the
transaction were not disclosed and
remain subject to regulatory approvals.
Following the acquisition, EGA’s total
recycling capacity will exceed 400,000
tonnes annually across the UAE, Europe,
and the US. An additional 200,000
tonnes of capacity is currently being
developed across facilities in Europe
and the US. According to CEO Abdulnasser
bin Kalban, EGA is accelerating
the development of its global aluminium
recycling platform alongside the
expansion of its primary aluminium
operations. He noted that, upon completion,
Eco Green will strengthen
EGA’s presence and capabilities within
the European aluminium scrap market,
supporting the region’s sustainability
objectives.
UAE Conducts High-Level Meetings in Washington
to Boost Partnerships
Mohamed bin Hadi Al Hussaini,
Minister of State for
Financial Affairs, held a series
of bilateral meetings with finance
ministers and senior international
officials on the sidelines of the
World Bank Group and International
Monetary Fund Annual Meetings.
Moreover, he led the UAE delegation
during discussions held in Washington.
The meetings included officials from
the United States, France, United
Kingdom, Canada, Argentina, Switzerland,
and Norway. Additionally, the
talks focused on expanding financial
cooperation and reviewing fiscal and
taxation priorities of shared interest.
During a meeting with U.S. Treasury
Secretary Scott Bessent, Al Hussaini
discussed opportunities to strengthen
strategic cooperation across financial
and economic sectors, while advancing
long-term bilateral investment and
policy coordination initiatives.
UAE Expands Financial Partnerships During IMF
and World Bank Meetings
The UAE strengthened its profile
in global financial policy
discussions during the Spring
Meetings of the World Bank Group
and the International Monetary Fund,
held in Washington from 13 to 18 April
2026. Moreover, the UAE delegation
delivered outcomes through multilateral
participation and high-level
bilateral engagements involving senior
government officials. The delegation
was led by Mohamed bin Hadi Al Hussaini,
Minister of State for Financial
Affairs. Additionally, discussions focused
on the global economic outlook,
financial stability priorities, and ways
to strengthen the resilience of the
international financial system amid
current challenges. The meetings also
supported deeper cooperation with
international financial institutions and
global counterparts. As a result, the
UAE said the engagements contributed
to strengthening strategic partnerships
and expanding dialogue on development
and fiscal coordination.
DarGlobal Picks Contractor for ‘Beverly Hills Of Jeddah’ Amaya Project with
Trump Plaza
Dar Global has named a contractor
for its large-scale Amaya
development in Jeddah, a project
covering nearly one million square
meters and positioned as an upscale
residential community often likened
to a “Beverly Hills”-style destination.
The Amaya development is planned
as a mixed-use urban district, bringing
together residential, commercial,
and lifestyle elements within a single
integrated environment, with a focus
on connectivity, landscaped spaces,
and contemporary infrastructure. A
major highlight of the project is Trump
Plaza Jeddah, a flagship mixed-use hub
being developed in partnership with
The Trump Organization, set to include
luxury residences, office spaces, retail
offerings, and premium lifestyle amenities,
reinforcing Jeddah’s appeal as a
global luxury investment and tourism
destination in the rapidly expanding
Saudi market.
60 www.thefinanceworld.com May 2026
India, Sri Lanka Consider Cross-Border Oil Pipeline
Indian Vice President C P
Radhakrishnan and Anura Kumara
Dissanayake held talks on a proposal
to link India and Sri Lanka through an oil
pipeline, according to Foreign Secretary
Vikram Misri. Moreover, the discussion
highlights ongoing efforts to strengthen
bilateral energy cooperation. The two
leaders also reviewed broader areas of
cooperation aimed at deepening bilateral
relations. Additionally, discussions
covered housing initiatives and fisheriesrelated
issues affecting both countries.
Misri said both sides examined ongoing
Indian-led initiatives and proposals
already discussed between the two
governments. Furthermore, he pointed
to the Trincomalee energy hub project
and the oil pipeline proposal as key
developments under consideration,
supporting long-term regional economic
integration.
National Properties
Advances $272M Mixed-
Use Asset towards
Handover in Dubai
National Properties, the real
estate arm of National Bonds,
has confirmed that 97% of construction
is complete on its flagship
mixed-use development, 399 Hills
Park, located within Dubai Hills Estate.
The project has now entered its
final delivery stage ahead of handover.
This progress aligns with continued
demand for high-quality residential
assets in Dubai, as the emirate further
consolidates its positioning as a global
hub for premium living and long-term
property investment. The development
comprises 399 residential units across
two modern towers, with a total value
exceeding AED1 billion ($272.2 million).
It has been conceptualized to
offer a lifestyle-centric environment,
supported by landscaped surroundings
and community-focused design
elements.
UAE Economy Maintains Strong Global Momentum
in Early 2026
The UAE economy has sustained
robust momentum in early 2026,
supported by strong performance
across banking, trade, and
investment sectors. Data highlights
continued expansion, with total
banking assets exceeding AED 5.47T,
alongside steady growth in credit and
deposits. Foreign trade and non-oil activity
have also remained key drivers,
underpinned by strategic economic
Apple has appointed John Ternus
as its next chief executive,
confirming he will replace Tim
Cook, who is stepping down after 15
years at the helm. Ternus, currently
head of hardware engineering, will
assume the role on 1 September, while
Cook will transition to executive chairman.
Cook will remain chief executive
through the summer to support the
leadership handover. Moreover, Apple
said it will continue assisting the
company after the transition, including
work related to engagement with policymakers
globally. Cook has led Apple
since 2011, taking over after Steve
Jobs resigned for health reasons shortly
before his death. Additionally, his
decision followed months of market
agreements and diversification efforts.
The country’s stable macroeconomic
environment continues to attract
global capital and investor confidence.
As the UAE strengthens its position
as a leading global hub, its ability to
balance growth with stability highlights
a mature, adaptable economy
navigating global uncertainties while
sustaining long-term development and
competitiveness.
Apple Appoints John Ternus as CEO as Tim
Cook Steps Down
speculation that Apple was preparing
for a succession plan, particularly as
the company recently marked its 50th
anniversary.
May 2026 www.thefinanceworld.com 61
Honor 600 Pro:
Flagship Power Meets Next-Gen Imaging
Honor 600 Pro strengthens Honor’s position in the premium smartphone segment, blending high-performance hardware with
advanced AI-driven photography. Designed for users who demand speed, camera excellence, and a refined display experience,
the device focuses on delivering flagship-level capabilities with a strong emphasis on imaging, AI, and battery innovation. With
a sleek design, powerful chipset, and enhanced imaging system, the Honor 600 Pro is positioned to appeal to both content
creators and everyday power users.
Confirmed Specs: Performance and Precision Combined
Design
Slim glass-metal build with
curved edges and premium
matte finish
Display
6.78-inch OLED, ~1.5K resolution,
120Hz refresh rate
Connectivity
5G, Wi-Fi 6/6E/7 (variant dependent),
Bluetooth 5.3+, NFC
Processor
Snapdragon 8 Elite (3nm
architecture)
Battery
7,000mAh long-life battery
with 80W fast charging
Ram
12GB / 16GB
Storage
256GB / 512GB
Cameras
200MP Ultra-Clear AI Night
Camera (1/1.4-inch sensor), Ultra-wide
camera, Telephoto lens
with up to 120x zoom, High-resolution
front camera
Software
+ MagicOS 10.0
62 www.thefinanceworld.com May 2026
Performance & Software
Optimization
Running on MagicOS 10.0, the device delivers a more
intelligent and fluid user experience. AI-powered features
such as writing tools, summaries, and Magic Portal
enhance productivity and multitasking across apps.
Powered by the Snapdragon 8 Elite chipset, built on a
3nm process, the Honor 600 Pro delivers a significant
boost in performance, with notable gains in both CPU
and GPU efficiency. This enables smooth gaming,
real-time AI processing, and seamless multitasking.
Advanced battery management ensures sustained performance
without excessive power consumption, while
features like AI translation, subtitles, and deepfake
detection enhance usability and security.
Cross-device integration is also a key highlight,
with HONOR Connect enabling seamless interaction
with Apple devices, including file sharing, notification
syncing, and hotspot connectivity.
Performance Highlights
200MP AI Night Camera — Flagship-level imaging
with advanced low-light performance
Snapdragon 8 Elite — Next-generation flagship performance
on 3nm architecture
7,000mAh Battery — Segment-leading capacity with
fast charging
Premium Positioning — Upper mid-range to flagship
pricing
Iterative Design — Evolution rather than a major
redesign
Software Familiarity — MagicOS experience remains
consistent in structure
Global Launch & UAE
Availability
Pros
Cons
Launch Date: April 2026
UAE Availability: Available for pre-order
starting from AED 1,599
Exceptional camera system with advanced
AI features
Industry-leading battery capacity with
fast charging
Smooth OLED display with high refresh
rate
Powerful flagship chipset with strong
efficiency
Advanced AI tools for creativity and
productivity
Premium pricing compared to competitors
Design remains familiar rather than radically
new
AI features may vary depending on updates
or usage
Ecosystem still developing compared to
larger brands
Final Thoughts
The Honor 600 Pro delivers a refined flagship experience with a strong emphasis on AI, imaging, and battery innovation. Rather
than reinventing the smartphone, it enhances the areas that matter most to modern users: camera performance, intelligent features,
and all-day reliability. With its combination of a 200MP AI camera, Snapdragon 8 Elite processor, and a segment-leading
7,000mAh battery, the device positions itself as a compelling contender in the 2026 premium smartphone landscape.
May 2026 www.thefinanceworld.com 63
Funding and Investment News
UAE Startup Funding Remains Resilient Despite Broader MENA Slowdown
Startup funding across the Middle
East and North Africa has shown
signs of slowdown in recent
months, yet the United Arab Emirates
continues to demonstrate resilience,
maintaining steady investment activity.
While overall regional funding has
declined due to fewer large deals and
cautious investor sentiment, the UAE
has retained its position as a leading
hub for venture capital, attracting a
significant share of total investments.
Early-stage funding remains active, signalling
sustained confidence in emerging
ventures despite macroeconomic and
geopolitical uncertainties. Investors
are increasingly prioritizing startups
with strong fundamentals, scalable
business models, and clear paths to
profitability. This shift reflects a more
disciplined investment environment
rather than a withdrawal of capital.
As the ecosystem matures, the UAE’s
stable regulatory framework and global
connectivity continue to support consistent
funding flows and reinforce
its role as a key innovation center for
regional entrepreneurial growth.
EU Reinstates Somalia Mission Funding With USD
87M Support Package
The European Union has resumed
financial support for the African
Union’s stabilization mission in
Somalia, approving a €75M (USD 87M)
package to strengthen security operations.
The funding, provided through
the European Peace Facility, is aimed
at enhancing the mission’s operational
capacity, including troop allowances,
logistics, and essential non-lethal equipment.
This move marks a significant
shift after a period of reduced contributions,
reaffirming the EU’s role as
a key backer of peacekeeping efforts
in the region. The support is intended
to help counter ongoing threats from
extremist groups and stabilize affected
areas while protecting civilians. With
this latest allocation, the EU’s total
contribution to AU-led missions in
Somalia approaches €2.8B, highlighting
its long-term commitment to regional
security, governance, and sustainable
peacebuilding initiatives.
Qatar Chamber And Uzbekistan Explore Investment
Opportunities
Qatar Chamber has held discussions
with officials and business representatives
from Uzbekistan to
explore avenues for expanding investment
cooperation and strengthening economic
ties. The talks focused on identifying opportunities
across key sectors, including
agriculture, industry, tourism, and infrastructure,
while encouraging closer collaboration
between private sector players
in both countries. Both sides highlighted
the importance of facilitating trade,
supporting joint ventures, and creating a
favourable environment for cross-border
investments. The engagement reflects a
shared commitment to enhancing economic
partnerships and unlocking new growth
prospects through diversified cooperation.
Qatar Chamber emphasized its role in
connecting businesses and promoting
international partnerships, while Uzbekistan
showcased its investment potential
and economic reforms. The initiative is
expected to drive increased trade flows,
foster business collaboration, and deepen
long-term economic relations.
Global Capital Shifts as
Investors Navigate
Market Volatility
Global capital flows are increasingly
being redirected towards the UAE
as investors seek stability amid
ongoing market volatility and geopolitical
uncertainty. The country’s strong regulatory
framework, diversified economy,
and proactive policy approach have reinforced
its appeal as a secure destination
for investment. Financial markets
in the UAE are benefiting from sustained
liquidity, institutional confidence, and a
steady pipeline of opportunities across
sectors such as finance, technology, and
infrastructure. This shift reflects a broader
transformation in global capital allocation,
where resilience and long-term growth
potential are prioritized over short-term
gains. The UAE’s ability to maintain economic
stability while adapting to global
disruptions has positioned it as a key
hub for capital deployment, attracting
both regional and international investors
looking for reliable markets.
64 www.thefinanceworld.com May 2026
Oman’s Salalah Free
Zone Attracts USD 14.2B
In Total Investments
Total investment in Oman’s Salalah
Free Zone has reached approximately
USD 14.2B, underscoring
its growing role as a major industrial
and logistics hub in the region. The
zone continues to attract both local and
international investors across sectors
such as manufacturing, petrochemicals,
and logistics. Its strategic location
near the Port of Salalah, along key
global routes, enhances connectivity
between Asia, Africa, and the Middle
East, strengthening its appeal for
cross-border trade. Investor-friendly
policies, including tax incentives, full
foreign ownership, and streamlined
procedures, have further supported
sustained inflows. The expansion
reflects Oman’s broader economic
diversification strategy, with the free
zone playing a critical role in boosting
non-oil growth, generating employment,
and positioning the country as
a competitive destination.
Qatar Focuses On Strategic FDI As Global
Competition For Investment Intensifies
Qatar is sharpening its focus on
attracting long-term, strategic
foreign direct investment as
competition for global capital and
talent continues to intensify. Officials
highlight that despite economic uncertainty
and rapid technological shifts,
the country remains well-positioned
due to its stable policy environment
and forward-looking economic vision.
Emphasis on innovation and diversification
is central to its investment
strategy beyond 2026, supporting
sustainable growth across sectors.
Industry leaders and investors have
pointed to Qatar’s strong track record
of resilience during past global crises,
reinforcing confidence in its economic
stability. Through expanded global engagement
across key markets in Asia,
Europe, and North America, Qatar aims
to strengthen investor relationships
and unlock new opportunities. This
approach underscores its ambition to
remain a competitive destination for
international investment.
Saudi Tech Startup Signit Raises USD 15M To
Advance AI Contract Management
Saudi-based startup Signit has
secured USD 15M in a Series
A funding round to expand its
AI-powered contract management
platform across the Kingdom. The
round was led by Raed Ventures,
with participation from STV, Seedra
Ventures, Takamol Ventures, and Suhail
Ventures. Founded in 2021, the
company provides digital signature
solutions alongside contract lifecycle
management tools, serving over 700
clients across government, financial
services, healthcare, and enterprise
sectors. The new funding will support
the development of advanced AI capabilities,
including automated drafting,
negotiation, and compliance features,
as well as an intelligent contract assistant.
Signit is also strengthening its
digital trust infrastructure to ensure legally
binding and secure transactions.
The move reflects growing demand for
integrated, AI-driven solutions that
streamline contract processes and
improve operational efficiency.
Investcorp Capital Deploys
USD 200M Into US Residential
Real Estate
Abu Dhabi-listed Investcorp
Capital has invested USD 200M
in US residential real estate,
expanding its footprint in key housing
segments. The acquisition includes a
multifamily residential community in
New Jersey and two senior housing
assets located in California and New
York. The move reflects the firm’s
strategy to capitalize on sustained
demand for residential and senior
living properties across major US
markets. By targeting income-generating
assets in established locations,
Investcorp aims to enhance portfolio
resilience and deliver stable returns.
The investment also underscores the
growing trend of cross-border capital
flows into US real estate, driven by
strong fundamentals and demographic
demand. With residential and industrial
assets forming a significant portion
of its holdings, the firm continues to
strengthen its position as a leading
global investor with expanding international
real estate exposure.
May 2026 www.thefinanceworld.com 65
Corporate Results
Saudi Aramco
FY’25 Net Profit: $104.7
Billion
Saudi Aramco reported 2025 net income
of $104.7 billion, reflecting robust
profitability despite a lower oil-price
environment. Operating cash flow
reached $136.2 billion, while free cash
flow totaled $85.4 billion, underpinning
both heavy capital investment
and strong shareholder distributions.
Management highlighted “Technology
Realized Value” of $5.3 billion from artificial
intelligence and digital initiatives
that enhanced efficiency and margins
across the portfolio. The company reiterated
its strategy of investing through
the cycle in upstream capacity, gas, and
low-carbon solutions, positioning Aramco
to support growing global energy
demand and the Kingdom’s long-term
diversification agenda.
ADNOC Gas
FY’25 Net Profit: $5.2 Billion
ADNOC Gas delivered record 2025 net
income of $5.2 billion, a 3% increase
year-on-year, underscoring structurally
resilient earnings across commodity
cycles. Domestic gas EBITDA rose 10%
on the back of 4% volume growth and
improved commercial terms, reflecting
strong UAE demand and optimized longterm
contracts. The board endorsed a
$3.6 billion dividend for 2025, highlighting
the company’s robust cash-generation
profile. ADNOC Gas is advancing major
growth projects, with final investment
decisions for phases two and three of
the Rich Gas Development expected in
early 2026, supporting a planned 30%
increase in processing capacity by 2029
and reinforcing the UAE’s gas self-sufficiency
goal.
ADNOC Drilling
FY’25 Net Profit: $1.45 Billion
ADNOC Drilling reported its best year on
record in 2025, with net profit reaching
$1.45 billion on revenue of $4.9 billion,
up 22% year-on-year. EBITDA stood at
approximately $2.2 billion, reflecting
high rig utilization, strong execution
in integrated drilling services, and
continued fleet expansion. Management
emphasized that growth was
broad-based across onshore, offshore,
and unconventional operations as Abu
Dhabi’s long-term production capacity
program accelerates. The company
described 2025 as a “step change” in
scale and technology-enabled performance,
underlining its role as a critical
enabler of ADNOC’s upstream targets
and signaling confidence in sustaining
elevated dividends alongside disciplined
capex.
Dubai Electricity and Water
Authority (DEWA)
FY’25 Net Profit: AED 9.1
Billion
DEWA delivered the strongest financial
performance in its history in 2025,
with consolidated revenue rising 6.0%
year-on-year to AED 32.84 billion. Net
profit after tax surged 25.6% to AED 9.1
billion, supported by higher demand for
electricity, water, and cooling services
across Dubai’s expanding economy.
EBITDA reached AED 17.37 billion,
reflecting sustained operational efficiency
and scale benefits. Clean energy
generation exceeded 10 terawatt-hours
for the first time and accounted for
over 16% of total output, reinforcing
DEWA’s central role in the UAE Net
Zero 2050 strategy and supporting a
resilient dividend profile backed by
strong cash flows.
Dubai Islamic Bank (DIB)
FY’25 Net Profit (Pre-Tax): AED
9.0 Billion
Dubai Islamic Bank, the UAE’s largest
Islamic bank, posted strong 2025 results
with revenue rising to AED 13.3 billion,
driven by solid funded and non-funded
income. Pre-tax profit increased
20% year-on-year to AED 9.0 billion,
underpinned by healthy volumes and
a sharply improved cost of risk. Total
assets grew 21% to AED 416 billion,
reflecting strong growth in net financing
and sukuk investments. Asset quality
strengthened, with the non-performing
financing ratio improving to 2.65%
and impairment charges moderating
to AED 485 million, supporting one
of the lowest cost-of-risk profiles in
the market.
du
FY’25 Net Profit: AED 2.9
Billion
UAE operator du reported record 2025
net profit of AED 2.9 billion, nearly
17% higher than 2024, as subscriber
additions and data usage drove growth.
Revenue rose 8.7% to AED 15.9 billion,
exceeding guidance and reflecting
broad-based strength across mobile,
fixed, and ICT services. EBITDA increased
13.4% to AED 7.3 billion, with
margins expanding to 46.1% due to disciplined
cost management and a favorable
revenue mix. The company announced
its highest-ever dividend, signaling
confidence in earnings sustainability
and its evolving role in the UAE’s 5G
and digital services ecosystem.
66 www.thefinanceworld.com May 2026
Ooredoo Group
FY’25 Net Profit: QAR 3.9
Billion
Ooredoo Group delivered a fourth
consecutive year of double-digit profit
growth in 2025, with net profit rising 12%
to QAR 3.9 billion. Revenue increased 4%
to QAR 24.6 billion, or 6% excluding the
Myanmar exit, while EBITDA grew 5% to
QAR 10.5 billion, delivering a 42.6% EBIT-
DA margin. The customer base reached
147.1 million across MENA and Asia, reflecting
continued expansion of its digital
infrastructure footprint. The board
proposed a QAR 0.75 cash dividend per
share, 15% higher year-on-year, aligned
with its progressive dividend policy and
strategy to evolve into a regional digital
infrastructure leader.
Mobily (Etihad Etisalat)
FY’25 Net Profit: SAR 3.47
Billion
Mobily posted 2025 revenue of SAR
19.64 billion, up 7.9% from SAR 18.21
billion in 2024, as all major revenue
streams expanded alongside a growing
subscriber base. Net profit increased
11.6% to SAR 3.47 billion, driven by
topline growth and higher EBITDA.
Management described 2025 as another
year of strong operational execution and
expects similar revenue performance
in 2026, supported by network investments
and digital service expansion.
The results reinforce Mobily’s position
in Saudi Arabia’s increasingly competitive
telecom and ICT market.
Bank Muscat
FY’25 Net Profit: RO 255.54
Million
Bank Muscat reported 2025 net profit
of OMR 255.54 million, a 13.3% increase
versus OMR 225.58 million in 2024. Net
interest and Islamic financing income
grew 3.8% to OMR 413.01 million, while
non-interest income rose 20.1% to OMR
174.18 million on higher business volumes
and investment gains. Operating
expenses increased 6.5%, but lower
impairment charges supported earnings
growth. Total assets rose 8.6% to
OMR 15.1 billion, with net loans up
4.8% and customer deposits increasing
6.7%, underscoring its central role in
Oman’s banking system.
QNB Group
FY’25 Net Profit: USD 4.7
Billion
QNB Group reported 2025 net profit of
QAR 17.0 billion (approximately $4.7
billion), up 2% year-on-year. Profit before
Pillar Two taxes rose 10% to QAR
18.4 billion. Operating income increased
8% to QAR 44.8 billion, supported by
diversified revenue across its international
network. Total assets rose 7% to
QAR 1,391 billion, driven by 12% loan
growth, while deposits increased 8% to
QAR 955 billion. Asset quality remained
strong with a 2.6% non-performing
loan ratio and full coverage, while the
capital adequacy ratio stood at 19.3%
and liquidity coverage at 144%.
Kuwait Finance House (KFH)
FY’25 Net Profit: KD 632.1
Million
Kuwait Finance House recorded 2025
net profit attributable to shareholders
of KD 632.1 million, a 5% increase yearon-year
and the highest in Kuwait’s
banking sector. Earnings per share
rose 5.8% to 35.64 fils. Net operating
income climbed 10.7% to KD 1.2 billion,
while net financing income grew 11.5%
to around KD 1.3 billion, supported by
expanding Islamic banking activity.
Total assets increased 16.5% to KD
42.8 billion, with a capital adequacy
ratio of 19.81%, well above regulatory
requirements, supporting continued
regional expansion.
First Abu Dhabi Bank (FAB)
FY’25 Net Profit: AED 21.11
Billion
First Abu Dhabi Bank delivered record
2025 net profit of AED 21.11 billion, a
24% increase versus 2024, with profit
before tax rising 27% to AED 25.20
billion. Operating income grew 16%
to AED 36.68 billion, driven by broadbased
growth across businesses and
geographies. Return on tangible equity
reached 19.2%, placing FAB among the
most profitable AA-rated banks globally.
The strong performance supported
a record AED 8.84 billion dividend
proposal, even as the bank continues
investing in digital capabilities and
cross-border expansion across the
MENA region.
May 2026 www.thefinanceworld.com 67
Trade
Source: Ai generated
Digital trade platforms and verified data are transforming supply chain transparency across the UAE’s trade ecosystem
Why Data Is Becoming
the New Currency Of
Trust In Global Trade
Data is Becoming the Invisible Collateral,
Strengthening Trust and Transparency in Global
Trade
Global trade is increasingly being shaped
by digital transformation, where data is
emerging as a critical asset in building
trust between businesses, financial institutions,
and regulators. Traditionally,
international trade relied on physical documentation,
bank guarantees, and collateral
to secure transactions. Today, digital
information such as shipment records,
transaction histories, and supply chain
data is becoming an essential tool for
verifying credibility and managing risk. In
the United Arab Emirates, a major global
trading and logistics hub, digital trade
platforms and advanced data systems are
strengthening transparency across supply
chains. These developments are helping
businesses access financing and improve
confidence in international commerce.
68 www.thefinanceworld.com May 2026
Global trade has long depended
on trust, documentation, and financial
guarantees to ensure that
transactions between buyers and sellers
are completed securely. Traditionally,
physical assets, bank guarantees, and
letters of credit served as the foundation
for this trust. Today, however,
digital transformation is reshaping
the mechanics of global commerce.
Data is emerging as a powerful new
form of invisible collateral, enabling
businesses, financial institutions, and
governments to verify transactions,
assess risks, and build confidence in
international trade. In the United Arab
Emirates, where trade, logistics, and
financial services are central to economic
growth, data-driven systems
are increasingly strengthening transparency
and efficiency across global
supply chains.
Data as the New Foundation of
Trade Confidence
In modern trade ecosystems, the value
of reliable data has grown significantly.
Information related to shipping records,
supplier history, financial transactions,
and compliance documentation is
now essential for verifying the credibility
of businesses involved in global
commerce.
The UAE has invested heavily in
digital trade platforms that allow
companies, banks, and government authorities
to access verified information
quickly. These platforms help reduce
delays associated with traditional
paper documentation and improve the
accuracy of trade records.
When reliable data is available in
real-time, financial institutions can
better evaluate creditworthiness, verify
shipments, and monitor trade activity.
As a result, trade transactions become
more transparent and less risky for all
participants.
This transformation is particularly
important in global trade hubs such as
Dubai and Abu Dhabi, where thousands
of companies operate across complex
international supply chains.
The Role of Digital Trade Platforms
in the UAE
The UAE has been actively developing
digital trade infrastructure to support
its position as a global logistics and
commerce hub. Ports, free zones, and
customs authorities have integrated
advanced digital platforms that enable
businesses to manage trade documentation
electronically.
These systems allow companies to
track shipments, verify product origins,
and manage customs procedures more
efficiently. By digitising trade processes,
the UAE has reduced administrative
barriers and improved the speed at
which goods move across borders.
Financial institutions also benefit
from these systems because they
provide accurate trade data that can
support financing decisions. Instead of
relying solely on traditional collateral,
lenders can assess the credibility of
a transaction using verified digital
records.
This shift is helping create a more
dynamic and accessible trade finance
ecosystem.
Supporting Trade Finance Through
Data Transparency
Trade finance plays a crucial role in
enabling global commerce by providing
the capital businesses need to
complete international transactions.
Digital technologies and
data-driven systems are
transforming global trade,
creating more efficient,
transparent, and resilient
supply chains.”
H.E. Dr. Thani bin Ahmed Al Zeyoudi,
Minister of State for Foreign Trade, UAE
Ministry of Economy
However, many small and medium-sized
enterprises have historically struggled
to access trade finance due to limited
credit history or insufficient collateral.
Data-driven systems are helping
address this challenge by providing
lenders with greater visibility into
trade activities. Information such as
shipping records, transaction histories,
and supplier performance can be used
to evaluate credit risk more accurately.
In the UAE, financial institutions
are increasingly using digital data to
support trade financing decisions. This
approach enables banks to extend
financing to a wider range of businesses
while maintaining strong risk
management practices.
For exporters and importers operating
in the region, this greater access
to financing can significantly improve
their ability to participate in international
markets.
Strengthening Supply Chain
Transparency
Global supply chains have become
increasingly complex, involving multiple
suppliers, logistics providers, and
financial institutions across different
jurisdictions. Managing this complexity
requires accurate and reliable information
at every stage of the supply chain.
Digital technologies such as blockchain
and advanced data analytics are
helping create more transparent supply
chain networks. These technologies
allow stakeholders to track goods from
origin to destination while maintaining
secure records of every transaction.
In the UAE, logistics companies and
trade authorities are adopting digital
tracking systems to improve supply
chain visibility. Real-time data helps
businesses identify potential disruptions,
verify product authenticity, and
ensure compliance with international
regulations.
This level of transparency strengthens
trust between trading partners and
reduces the likelihood of disputes or
fraud.
Overall, the growing use of data
across trade ecosystems is enhancing
transparency, efficiency, and trust
among global markets, positioning
the UAE as a leader in digital trade
transformation. As digital adoption
accelerates, data-driven systems will
play an important role in shaping the
future of international commerce.
May 2026 www.thefinanceworld.com 69
Fintech News
UAE Fintech Sector Projected to Reach $5.71B by 2029
The United Arab Emirates continues
to strengthen its position as one
of the world’s leading centers in
the FinTech sector, supported by an
integrated ecosystem that combines
advanced digital infrastructure, flexible
regulatory frameworks, and increasing
global investment flows. These factors
have helped transform the country into
a platform for developing innovative
financial solutions across areas like
digital payments, digital banking services,
embedded finance, and digital
assets. Market observers expect the
sector to continue expanding rapidly
in the coming years as adoption of
financial technologies accelerates. Two
of the country’s key financial hubs, the
Dubai International Financial Centre
(DIFC) and Abu Dhabi Global Market
(ADGM), play a central role in the
sector’s growth.
Abu Dhabi Deepens
Italy Ties to Boost
Cross-Border Capital
Flows in Milan
Abu Dhabi has reinforced its financial
engagement with Italy through a
series of high-level meetings in
Milan, bringing together global financial
institutions, investors, and industry
stakeholders. The discussions centered
on enhancing capital flows, enabling
cross-border expansion, and identifying
new structuring opportunities across
key sectors. The initiative reflects Abu
Dhabi’s broader strategy to strengthen
its global financial connectivity while
leveraging its stable regulatory environment
and investor-friendly ecosystem.
These engagements also align with the
UAE–Italy strategic partnership, aimed
at advancing cooperation in areas such
as financial services, manufacturing,
and innovation-driven industries. By
fostering deeper collaboration with
European markets, Abu Dhabi continues
to position itself as a global hub
for capital deployment, facilitating
international investment flows and
supporting long-term economic growth
through strategic partnerships and
integrated financial frameworks.
Sahm Secures DFSA Licence to Drive UAE Expansion
Through DIFC
Sahm has obtained regulatory approval
from the Dubai Financial
Services Authority, enabling it to
expand its presence within the Dubai
International Financial Centre. This
allows the firm to offer services under
a globally recognized regulatory
framework. This move forms part of
Sahm’s broader regional growth strategy,
aimed at tapping into increasing
The Central Bank of the UAE has
directed all banks and licensed
financial institutions to discontinue
the use of messaging platforms
such as WhatsApp for delivering financial
services or handling customer
data. The move is designed to enhance
consumer protection and uphold strict
data security standards across the financial
system. Authorities highlighted
growing risks linked to these platforms,
including fraud, impersonation, account
takeovers, and social engineering
threats. Additional concerns relate to
the potential exposure or storage of
sensitive customer information outside
the UAE, raising data residency
issues. Under the directive, institutions
must transition customers to approved
demand for digital investment platforms
and wealth management solutions.
Operating from DIFC provides access
to a diverse investor base, robust legal
infrastructure, and an internationally
aligned financial ecosystem. Now,
Sahm is well-positioned to scale, enhance
customer trust, and support the
continued development of innovative
financial services in the region.
UAE Central Bank Prohibits WhatsApp Use in
Financial Services Over Security Risks
channels such as mobile banking apps,
online platforms, and call centers,
while strengthening internal controls
and compliance frameworks. Firms are
required to implement these changes
within the specified timeline or face
potential regulatory penalties.
70 www.thefinanceworld.com May 2026
Stake and ACE & Company Partner to Strengthen UAE Real Estate Liquidity
Stake has entered a strategic partnership
with ACE & Company
to enhance liquidity within the
UAE’s fractional real estate investment
market. The collaboration will focus
on developing a secondary transfer
framework, enabling investors to buy
and sell stakes in property assets more
efficiently. By combining Stake’s digital
investment platform with ACE & Company’s
expertise in private markets and
secondary transactions, the initiative
aims to improve pricing transparency,
flexibility, and investor confidence. This
will address one of the key challenges
in fractional ownership, limited exit
options, while supporting a structured
and scalable investment ecosystem.
As demand grows, the partnership is
expected to strengthen market infrastructure,
attract broader participation,
and position the UAE as a leading hub
for innovative, technology-driven property
investment solutions.
Dubai South and
Emirates NBD Partner
to Enhance SME
Banking Access
Dubai South has entered into
a strategic agreement with
Emirates NBD to strengthen
banking access and financial support
for small and medium-sized enterprises
operating in its ecosystem. The
collaboration is designed to simplify
account opening procedures, onboarding,
and provide tailored banking
solutions aligned with business requirements.
By integrating efficient
financial services into its business
environment, Dubai South aims to
improve operational ease and support
company growth. The partnership reflects
a broader effort to create a more
business-friendly ecosystem, enabling
faster access to essential financial
tools and services. It also aligns with
Dubai’s wider economic ambitions to
foster entrepreneurship, attract investment,
and enhance its position as
a global business hub by empowering
SMEs with the infrastructure needed
for sustainable expansion.
Speedinvest Launches MEA Growth Fund to
Back Early-Stage Startups
Speedinvest has introduced its
first dedicated growth fund targeting
early-stage and scaling
startups across the Middle East and
Africa, marking a significant step in
its regional expansion. The fund is
supported by major institutional investors,
including Mubadala Investment
Company, Qatar Investment Authority,
and EIB Global, reflecting confidence
in the region’s potential. Designed to
formalize and extend Speedinvest’s existing
footprint, the initiative combines
BurjX has strengthened its digital
asset offering by introducing
multi-chain stablecoin support,
enabling seamless transfers across major
blockchain networks within a regulated
UAE framework. This allows clients to
transact using stablecoins such as USDT
and USDC across networks, including
Tron, BNB Smart Chain, Solana, and
Stellar, alongside its existing Ethereum
infrastructure. This expanaion provides
greater flexibility in managing transaction
speed, cost efficiency, and liquidity. The
move reflects the growing role of stablecoins
in payments, trading, and treasury
operations in cross-border transactions.
dedicated capital, local expertise, and
long-term partnerships to help startups
scale across borders. Investment will
focus on high-growth sectors such as
fintech, embedded finance, artificial
intelligence, climate technology, and
digital infrastructure. By strengthening
connections between Europe and MEA
markets, the fund aims to accelerate
innovation, improve access to capital,
and support the development of
resilient startup ecosystems across
emerging and established markets.
BurjX Expands Multi-Chain Stablecoin Support
Across Global Blockchains
Supported by secure custody technology
and aligned with Abu Dhabi’s regulatory
environment, BurjX aims to deliver a
compliant and scalable infrastructure
that bridges traditional finance with
digital asset ecosystems.
May 2026 www.thefinanceworld.com 71
Economy
Source: Ai generated
Digital trading platforms and investment apps are increasing retail investor participation across UAE capital markets
The Rise Of The Retail
Investor And The
Transformation Of
Private Markets
Growing Retail Investor Participation is
Transforming Private Markets and Expanding
Investment Opportunities in the UAE
Retail investors are playing an increasingly
influential role in global financial
markets as technology expands access
to investment opportunities. Digital trading
platforms, mobile applications, and
improved financial literacy are enabling
individuals to participate more actively in
capital markets. In the United Arab Emirates,
this shift is becoming more visible
as regulators and financial institutions
encourage broader market participation
to strengthen the country’s investment
ecosystem. Private markets are evolving
to accommodate new sources of capital
through innovative investment structures
and platforms. The growing presence of
retail investors is gradually reshaping how
companies raise funds and how individuals
build diversified investment portfolios.
72 www.thefinanceworld.com May 2026
The global investment landscape
is undergoing a profound transformation
as retail investors
become an increasingly influential
force in financial markets. Advances
in financial technology, digital trading
platforms, and greater access to information
have empowered individuals to
participate in investment opportunities
that were once limited to institutional
investors. In the United Arab Emirates,
this shift is particularly significant as
the country continues to strengthen its
capital markets and encourage broader
investor participation. The growing
presence of retail investors is not only
reshaping public markets but is also
gradually influencing private market
investment structures, opening new
pathways for capital formation and
wealth creation.
Expanding Access to Investment
Opportunities
Retail investors are gaining greater
access to financial markets through
digital platforms that simplify trading
and investment management. Online
brokerage services, mobile investment
applications, and digital wealth
platforms allow individuals to monitor
markets and execute trades more efficiently
than ever before.
In the UAE, financial regulators and
market operators have supported initiatives
aimed at increasing investor participation.
Simplified account opening
processes, digital onboarding systems,
and improved financial education programmes
are encouraging individuals
to explore investment opportunities.
These developments are helping expand
the investor base in the region’s
capital markets. As more individuals
participate in trading activities, market
liquidity improves, and companies
benefit from broader access to capital.
The growing role of retail investors
reflects a broader global trend in which
financial markets are becoming more
inclusive and accessible.
Technology Driving Investor
Participation
Technological innovation has played
a crucial role in enabling retail participation
in financial markets. Artificial
intelligence, data analytics,
and automated investment platforms
are making it easier for individuals
to analyze market trends and make
informed decisions.
Digital trading platforms provide
real-time market data, research tools,
and portfolio management capabilities
that were previously available only to
professional investors. This technological
shift has significantly reduced
barriers to entry for individual investors.
In the UAE, financial institutions
and fintech companies are introducing
innovative investment platforms
designed specifically for retail users.
These platforms offer simplified investment
products and educational
resources that help individuals better
understand financial markets.
As technology continues to evolve,
retail investors are expected to play an
increasingly prominent role in shaping
market dynamics.
The Evolution of Private Markets
While retail investors have traditionally
focused on publicly traded equities and
bonds, interest in private markets is
steadily increasing. Private equity, venture
capital, and alternative investment
funds are attracting attention from
individuals seeking higher returns and
Developing strong and
diversified financial
markets is essential to
supporting sustainable
economic growth and
investment.”
H.E. Mohamed bin Hadi Al Hussaini,
Minister of State for Financial Affairs, UAE
Ministry of Finance
portfolio diversification.
Private markets historically required
large capital commitments and were
accessible primarily to institutional
investors and high-net-worth individuals.
However, financial innovation
is gradually creating structures that
allow broader participation.
In the UAE, regulatory frameworks
and financial free zones are supporting
the development of alternative
investment platforms. These platforms
enable qualified investors to access
private market opportunities through
structured investment vehicles.
As these investment channels expand,
private markets are becoming
an important component of diversified
investment portfolios.
Strengthening the UAE’s Capital
Market Ecosystem
The UAE has taken significant steps
to strengthen its capital market ecosystem
in recent years. Regulatory
reforms, new financial products, and
enhanced market infrastructure have
improved the attractiveness of local
exchanges for both institutional and
retail investors.
Stock exchanges in Abu Dhabi and
Dubai have introduced initiatives aimed
at encouraging retail participation,
including improved trading platforms
and investor outreach programmes.
These efforts have contributed to
rising trading volumes and increased
market activity.
At the same time, financial centers
such as the Dubai International Financial
Centre and Abu Dhabi Global
Market are supporting the growth of
alternative investment platforms and
private capital markets.
These initiatives are helping position
the UAE as a dynamic regional
hub for capital markets and financial
innovation.
Opportunities and Risks for Retail
Investors
The growing influence of retail investors
brings opportunities and risks.
Increased participation in financial
markets allows wealth diversificationand
economic growth. However, retail
investors may face risks related to
market volatility and complex financial
products. Regulators are working to
strengthen investor protection and
maintain transparency.
May 2026 www.thefinanceworld.com 73
Infographic
Rise of Lean
And Technology-
Enabled
Hedge Funds
Data-driven managers are reshaping the global hedge fund landscape
The hedge fund industry is undergoing a structural transformation as a new generation of lean, technology-enabled managers
emerges. By relying on advanced analytics, automation, and smaller teams, these firms are challenging traditional hedge fund
structures while attracting growing interest from institutional investors.
At the same time, global assets and capital inflows into hedge funds continue to expand, creating fertile ground for innovative
investment models.
A Growing Global Industry
Hedge funds remain one of the fastest-evolving segments of asset management, with strong capital inflows and increasing
institutional participation.
$4.98
trillion
Global hedge fund
assets under management
in 2025
$71
billion
Net inflows into
hedge funds in the
first three quarters
of 2025
Key industry data
8,464
funds
Total number of
hedge funds worldwide
$33.7
billion
Net inflows recorded
in Q3 2025 alone
Institutional investors, including pension funds, sovereign wealth funds, and family offices, now account for more than 60%
of global hedge fund capital, reinforcing the sector’s importance in diversified portfolios.
74 www.thefinanceworld.com May 2026
The Emergence of Lean Hedge Fund Models
While the industry continues to expand, its operating model is changing rapidly. A growing number of hedge funds are adopting
lean structures, combining smaller teams with technology-driven investment processes.
Typical characteristics
5–20 professionals
in investment
teams
Greater use of
automation and
algorithmic trading
Cloud-based
infrastructure replacing
traditional
trading systems
Increased reliance
on data science
and quantitative
research
Smaller managers already represent more than 60% of hedge funds globally, highlighting the growing role of emerging
and specialist investment firms.
Technology Transforming Investment Strategies
Advanced technology has become a defining feature of modern hedge fund operations.
From artificial intelligence to alternative data analytics, technology allows smaller firms to compete with much larger asset
managers.
Around one-third
of hedge funds
now use AI or
machine learning
in their investment
strategies
Technology adoption trends
Rapid expansion
of algorithmic
and quantitative
trading models
Increasing use of
alternative data
sources, including
satellite imagery,
transaction data,
and sentiment
analysis
These tools enable hedge funds to process vast amounts of information and identify market signals faster than traditional
investment approaches.
Dubai’s Rising Role in the Global Hedge Fund Ecosystem
The UAE is rapidly positioning itself as a hub for hedge fund managers and alternative investment firms.
Within the Dubai International Financial Centre:
100+ hedge
funds are now
registered
The number of
hedge fund managers
doubled
from around 50
in 2024 to more
than 100 in 2025
81 hedge funds
operating in the
centre manage
over $1 billion in
assets each
This rapid expansion has placed DIFC among the top five global hubs for hedge fund managers, reflecting the region’s
growing appeal for international asset managers.
May 2026 www.thefinanceworld.com 75
Energy News
Bernstein Starts MENA Energy Coverage, Highlights Picks
Bernstein has initiated sell-side
coverage of the Middle East
and North Africa energy sector,
highlighting the United Arab Emirates’s
governance model, sovereign-backed
ownership structures, and strong
cashflow visibility across the energy
value chain. The firm said these factors
have helped the UAE transform
“state-owned assets into investable
platforms at speed”. Bernstein named
ADNOC Gas and Fertiglobe as its ‘Best
Picks’. Additionally, it described both
companies as “quality at a discount”
opportunities. Bernstein operates
from major financial centers, including
New York and London. Furthermore,
it is backed by Societe Generale and
AllianceBernstein. The research firm
said MENA governments play an active
role as capital allocators. As a result,
it said national champions and capital
markets have been used to convert
resources into long-term offtake agreements
supporting sustainable regional
industrial expansion.
DEWA, Germany’s
Saarland Explore
Clean Energy Cooperation
Saeed Mohammed Al Tayer, MD
and CEO of Dubai Electricity
and Water Authority (DEWA),
received Jürgen Barke, Minister of
Economics, Innovation, Digitalisation
and Energy, and Deputy Prime Minister
of the German state of Saarland,
to explore cooperation in renewable
and clean energy. Senior DEWA officials
attended the meeting, including
Marwan bin Haidar and Dr. Yousef Al
Akraf. Moreover, discussions focused
on strengthening bilateral collaboration
in innovation, digitalization, and
sustainable energy systems. Both sides
underscored the shared commitment of
the UAE and Germany to accelerating
the global energy transition. In addition,
they highlighted the importance of
advancing clean technology innovation
and reinforcing partnerships that
support climate action and sustainable
economic growth.
Fujairah Energy Storage Costs Rise as Middle
East Conflict Continues
Dubai-listed Gulf Navigation
Holding said it is seeking to
maximize returns as demand
for energy storage rises sharply amid
escalating regional conflict, driving
costs higher in Fujairah. Moreover, the
company announced plans to expand
its energy sector portfolio as market
conditions continue to tighten. The
shipping and maritime logistics firm
said Fujairah, its primary storage base,
has seen an increase in storage and
The UAE has marked Earth Day
by reinforcing its commitment
to sustainability through a series
of forward-looking initiatives spanning
biodiversity protection, renewable
energy expansion, and water security.
The country continues to scale up investments
in clean energy infrastructure
while accelerating efforts to safeguard
natural ecosystems and promote environmental
resilience. Strategic programs
are also driving innovation in water
management, including advanced
desalination technologies and global
partnerships aimed at addressing water
scarcity. These initiatives align with the
UAE’s broader sustainability agenda.
By combining policy, technology, and
international collaboration, the UAE is
positioning itself as a leader in tackling
global environmental challenges while
handling costs due to stronger global
demand. Additionally, the company
highlighted that the emirate’s strategic
position outside the Strait of Hormuz
has increased its importance as a key
alternative hub. Analysts have pointed
to Fujairah, located outside the Strait,
as a critical alternative route for moving
oil out of the Gulf. As a result, storage
capacity in the emirate has come under
pressure as supply chains adjust to the
disruption.
UAE Celebrates Earth Day With Major Advances
in Biodiversity
ensuring long-term ecological balance
and sustainable growth.
76 www.thefinanceworld.com May 2026
Abu Dhabi Commits $43.5B to Expand Energy and Water Infrastructure
Abu Dhabi has unveiled plans
to invest $43.5 billion in advancing
its energy and water
infrastructure by 2030, reinforcing
its long-term sustainability goals.
The initiative focuses on building an
integrated system that enhances efficiency,
reliability, and environmental
performance. Authorities aim to meet
rising demand while accelerating the
transition towards cleaner energy
UAE Accelerates Nationwide
Infrastructure Projects to
Drive Sustainable Development
The UAE is advancing a wide range
of infrastructure projects across
the country in 2026, reinforcing
its long-term vision for sustainable
development and economic growth.
Led by the Ministry of Energy and Infrastructure,
these initiatives span key
sectors including transport, housing,
energy, and public services, with a strong
focus on efficiency and resilience. The
projects prioritize the integration of
smart technologies, energy-efficient
systems, and coordinated planning to
enhance service delivery and support
population expansion. Public-private
partnerships continue to play a central
role, enabling faster execution and increased
investment while maintaining
financial sustainability. By modernising
national infrastructure and embedding
sustainability into development
strategies, the UAE aims to strengthen
competitiveness, improve the quality
of life, and position itself as a global
leader in sustainable and future-ready
urban development.
sources and improved water management
solutions. The investment
will support infrastructure upgrades
and the adoption of advanced technologies
to optimize resource use. By
aligning policy, innovation, and capital
deployment, Abu Dhabi continues to
strengthen its position as a key player
in the global energy transition while
ensuring secure and sustainable access
to essential resources.
Dubai Chambers Explores Sustainable Growth
Dubai Chambers has engaged
with the Textile Merchants
Group to explore strategies
aimed at strengthening the textile sector’s
ability to adapt to global market
shifts while supporting sustainable
growth. The discussions focused on
reinforcing Dubai’s standing as a key
global hub for textile trade, alongside
enhancing business continuity and
resilience. Industry leaders reviewed
current market conditions, future prospects,
and priority areas amid evolving
economic dynamics. The initiative is
part of broader efforts to deepen collaboration
between public and private
stakeholders, enabling companies to
respond effectively to international
developments. Dubai Chambers also
emphasized its commitment to creating
a robust business ecosystem that
supports efficiency, innovation, and
sector-wide advancement, ensuring the
textile industry continues to contribute
to the emirate’s sustainable economic
development.
Dubai South Rolls Out New Incentives to Maintain
Business Growth Momentum
Dubai South has introduced a
fresh set of incentives aimed at
supporting companies within its
free zone and sustaining overall economic
momentum. The initiative is designed
to ease operational pressures while
reinforcing a competitive and resilient
business environment. Key measures
include assistance for new company
formation, simplified license renewal
processes, and the waiver of late renewal
penalties, helping firms manage costs more
effectively. The move aligns with broader
efforts to enhance the performance and
attractiveness of Dubai’s free zone ecosystem
amid evolving global economic
conditions. By prioritizing business
continuity and operational flexibility,
Dubai South continues to strengthen its
role as a strategic hub for regional and
international enterprises. The initiative
also reflects an ongoing commitment to
fostering investor confidence and enabling
long-term growth across its integrated
economic landscape and expanding
investment opportunities.
May 2026 www.thefinanceworld.com 77
Healthcare
Source: Ai generated
Integrated healthcare systems leveraging digital innovation to deliver accessible, efficient, and sustainable patient care
Rethinking
Healthcare For A
More Sustainable And
Equitable Future
Balancing Innovation, Accessibility, and
Sustainability to Build Resilient Healthcare
Systems for Future Generations
Healthcare systems globally are undergoing
a critical transformation as rising
costs, demographic shifts, and increasing
demand place unprecedented strain on
existing models. Sustainability and equity
have emerged as central priorities,
requiring a re-evaluation of how care
is delivered, financed, and accessed.
Governments, providers, and industry
stakeholders are now focusing on building
resilient systems that prioritise preventive
care, digital innovation, and inclusive
access. The shift towards value-based,
patient-centric approaches is redefining
healthcare delivery, ensuring long-term
viability while addressing disparities and
improving outcomes across diverse populations.
78 www.thefinanceworld.com May 2026
Healthcare systems worldwide
are facing mounting pressure
to balance rising costs, growing
populations, and increasing demand for
quality care. Sustainability and equity
are no longer peripheral concerns; they
have become central to how healthcare
systems are designed, funded,
and delivered. For policymakers and
industry leaders, the challenge lies in
creating models that ensure long-term
resilience while expanding access to
underserved populations.
A sustainable healthcare system
is not solely about reducing environmental
impact, though that remains
a critical component. It also involves
financial viability, efficient resource
allocation, and the ability to adapt
to evolving health challenges. Ageing
populations, the rise of chronic diseases,
and the increasing burden on
healthcare infrastructure demand a
We are committed to
pushing the boundaries
of excellence in our
health sector, striving for
world-class standards in
care and innovation. Our
comprehensive healthcare
system combines smart,
forward-thinking solutions
that serve everyone in our
community.”
HE Abdul Rahman Bin Mohammad Al
Owais, Minister of Health and Prevention
shift from reactive to preventive care
models. Early intervention, health
education, and community-based care
are proving to be more cost-effective
and impactful over time.
Digital transformation is playing a
pivotal role in enabling this transition.
Technologies such as telemedicine,
electronic health records, and artificial
intelligence are enhancing efficiency
and accessibility. Remote consultations,
for instance, are reducing the need for
physical infrastructure while extending
care to remote and underserved
regions. Predictive analytics is helping
healthcare providers identify at-risk
populations and intervene earlier,
thereby reducing long-term costs and
improving patient outcomes.
Equity remains a defining challenge
in global healthcare. Disparities in
access to quality care persist across
geographies, income levels, and demographics.
Bridging this gap requires
targeted policy interventions,
inclusive healthcare financing models,
and investment in primary healthcare
infrastructure. Public-private partnerships
are emerging as a viable solution,
combining government oversight with
private sector innovation and efficiency.
Workforce sustainability is another
critical dimension. Healthcare professionals
are experiencing increasing
levels of burnout, exacerbated by
workforce shortages and high patient
volumes. Addressing this issue requires
not only recruitment and training but
also the integration of technology to
reduce administrative burdens. Automating
routine tasks allows healthcare
professionals to focus more on patient
care, improving both job satisfaction
and service quality.
Environmental sustainability is
gaining traction as healthcare systems
recognize their significant carbon footprint.
Hospitals and healthcare facilities
are among the most resource-intensive
institutions, consuming large amounts
of energy and generating substantial
waste. Transitioning to greener operations,
such as energy-efficient infrastructure,
sustainable procurement,
and waste reduction initiatives, can
significantly reduce environmental
impact while lowering operational
costs over time.
Data-driven decision-making is becoming
essential for building resilient
healthcare systems. Governments and
organizations are increasingly relying
on real-time data to allocate resources,
monitor disease patterns, and evaluate
the effectiveness of interventions.
Interoperability between systems is
crucial to ensure that data can be
shared securely and efficiently across
different stakeholders, enabling more
coordinated and informed responses.
Patient-centric care is also redefining
healthcare delivery. Empowering
individuals with access to their health
data leads to better health outcomes
and higher levels of satisfaction. Digital
health platforms and wearable
technologies are enabling continuous
monitoring, encouraging proactive
health management rather than episodic
treatment.
In emerging markets, including regions
such as the Middle East, healthcare
transformation is being driven
by ambitious national strategies and
significant investments. Governments
are prioritizing healthcare as a key
pillar of economic diversification and
social development. This includes expanding
insurance coverage, investing
in advanced medical technologies,
and fostering innovation ecosystems
that support healthcare startups and
research initiatives.
Financial sustainability remains a
pressing concern. Rising healthcare
expenditures are straining public
budgets and private insurers alike.
Value-based care models, which focus
on outcomes rather than volume, are
gaining traction as a means to optimize
spending while improving quality. These
models incentivise providers to deliver
efficient, high-quality care, aligning
financial and clinical objectives.
The integration of preventive care,
digital innovation, and sustainable
practices requires strong governance
and regulatory frameworks. Policymakers
must strike a balance between
encouraging innovation and ensuring
patient safety and data privacy. Clear
guidelines, standardized protocols,
and robust oversight mechanisms are
essential to build trust and ensure
the long-term success of healthcare
reforms.
Ultimately, rethinking healthcare
requires integrating sustainability,
innovation, and equity into system
design. This will ensure systems remain
resilient, and capable of meeting
future demands.
May 2026 www.thefinanceworld.com 79
Healthcare News
UAE Eases Health
Licensing Rules,
Allowing Faculty
Practice
The UAE has introduced major
reforms to its healthcare licensing
framework, enabling medical
faculty to practie in licensed healthcare
facilities while removing key
entry barriers for nursing and allied
health graduates. Under the updated
rules, academic staff from medical
institutions can now contribute directly
to clinical care, strengthening
the integration between education and
real-world practice. At the same time,
authorities have scrapped the mandatory
six-month post-graduation experience
requirement for selected nursing
and allied health roles, accelerating
workforce entry. The reforms, led by
the Ministry of Health and Prevention
in coordination with other federal
entities, aim to modernize licensing
processes and address the growing
demand for healthcare professionals.
By aligning regulatory frameworks
with labour market needs, the UAE is
enhancing workforce flexibility while
maintaining high standards of patient
safety and care delivery.
Dubai Healthcare City Introduces Fee Waivers and
Flexible Payment Plans
Dubai Healthcare City Authority
has launched a package
of financial relief measures
aimed at supporting healthcare businesses
operating within its free zone.
The initiative includes waivers on
reinstatement fees and late renewal
penalties for commercial licences renewed
within a specified period. Companies
are also being offered flexible
instalment plans for licence renewals,
with extended payment deadlines to
improve cash flow management. Additional
support comes through leasing
flexibility, allowing businesses to defer
or restructure rental payments, while
related charges such as deferment and
cheque return fees are waived. These
measures are designed to strengthen
business resilience, encourage continued
investment, and support sustainable
growth within Dubai’s healthcare
ecosystem amid evolving regional
economic and industry conditions.
UAE Cabinet Approves Over 120 Agreements, Unveils
Space and Healthcare Strategies
The UAE Cabinet has approved
more than 120 international
agreements and memoranda of
understanding spanning sectors such
as energy, investment, economy, and
diplomacy, reinforcing the country’s
expanding global partnerships. The
approvals align with the UAE’s broader
strategy to strengthen its position as
a globally connected and open economy.
Alongside these agreements, the
Cabinet introduced a five-year national
space strategy aimed at advancing the
sector’s growth and positioning the
UAE among the world’s leading space
economies. A national strategy for integrative
medicine was also adopted,
focused on combining modern and
traditional healthcare approaches to
enhance service delivery. These initiatives
reflect the UAE’s commitment to
innovation, economic diversification,
and long-term development, while
supporting advanced technologies,
global collaboration, and the continued
evolution of its healthcare and
scientific ecosystems.
Al-Futtaim Health Rolls Out Free Mental Health Consultations across the UAE
Al-Futtaim Health has introduced
free mental health consultations
across the United Arab
Emirates through its HealthHub network,
aiming to improve access to
professional psychological support
and promote well-being. The initiative
is designed to support individuals
experiencing stress, anxiety, sleep disturbances,
or emotional overwhelm by
offering guidance from licensed specialists.
Consultations are conducted
by a qualified psychiatrist and provide
a confidential space for individuals to
discuss concerns and receive practical
strategies for managing mental health.
The programme also seeks to address
common barriers such as cost and
stigma, encouraging more people to
seek timely support. By expanding
access to care, Al-Futtaim Health aims
to foster open conversations around
mental well-being while reinforcing
its commitment to delivering holistic,
patient-centered healthcare services
across the country, enhancing early
intervention and long-term community
resilience in mental wellness.
80 www.thefinanceworld.com May 2026
Abu Dhabi Doctors Perform UAE’s First Paediatric Cardiac Biopsy at SKMC
Doctors at Sheikh Khalifa
Medical City in Abu Dhabi have
successfully carried out the
UAE’s first paediatric cardiac biopsy on a
young heart transplant patient, marking
a significant milestone in specialised
healthcare. The procedure, performed
on a four-year-old who had previously
undergone a transplant abroad, was
designed to assess heart function and
detect potential complications. Conducted
under the Department of Health – Abu
Dhabi’s Visiting Physicians Programme,
the operation brought together local
expertise and international specialists,
enhancing the emirate’s advanced
treatment capabilities. This achievement
enables children requiring complex
follow-up care to receive treatment locally,
reducing the need for travel overseas. It
also highlights Abu Dhabi’s investment
in cutting-edge healthcare.
UAE President Visits
Iranian Attack Victims,
Commends Community
Unity
UAE President Sheikh Mohamed
bin Zayed Al Nahyan visited
individuals injured in recent
Iranian attacks while they received
treatment in the hospital, extending his
wishes for a swift recovery. During the
visit, he met patients and their families
from various nationalities, reaffirming
that their safety remains a top priority.
He highlighted how the response to
the attacks reflected the strength of
UAE society, praising the solidarity,
cooperation, and adherence to safety
guidance demonstrated by citizens and
residents. The President acknowledged
the dedication of medical teams providing
continuous care to those affected. The visit
comes amid heightened regional tensions
following missile and drone strikes,
which caused casualties and damage
across parts of the UAE, reinforcing the
country’s focus on resilience, unity, and
public safety.
GLIDE and UAE University Partner to Advance
Infectious Disease Research
The Global Institute for Disease
Elimination (GLIDE) has signed
a memorandum of understanding
with the United Arab Emirates University
to strengthen collaboration in
infectious disease research and global
public health initiatives. This establishes
a framework for joint research,
training programmes, and knowledge
exchange, focusing on priority health
challenges such as infectious and
Abu Dhabi-based PureHealth
has entered into a major solar
energy agreement to support
the decarbonization of its healthcare
network, marking a significant step
towards sustainability. The deal will
enable the integration of renewable
energy across its facilities, reducing
reliance on conventional power sources
while lowering carbon emissions.
By adopting solar solutions at scale,
PureHealth aims to enhance operational
efficiency and align with the
UAE’s broader climate and energy
transition goals. The initiative reflects
a growing trend within the healthcare
sector to incorporate clean energy
into infrastructure planning, balancing
environmental responsibility
neglected tropical diseases. Both institutions
aim to enhance the evidence
base for policy and practice while advancing
the UAE’s role in global health
research. By combining academic
capabilities with applied research and
policy engagement, the collaboration
is expected to accelerate progress in
disease elimination and reinforce the
UAE’s position as a growing hub for
health innovation.
PureHealth Signs Landmark Solar Agreement to
Power Abu Dhabi Healthcare Network
with cost optimization. As one of the
region’s largest healthcare providers,
PureHealth’s move sets a benchmark
for sustainable practices, reinforcing
its commitment to delivering environmentally
conscious and future-ready
healthcare services.
May 2026 www.thefinanceworld.com 81
Wheels
WINGBACK” CONCEPT : A NEW ERA OF
AUTOMOTIVE LUXURY
220 km/h
Top Speed
550 Nm
Torque
415 hp
Horsepower
82 www.thefinanceworld.com May 2026
Genesis reimagines rear-seat luxury with a concept that
blends craftsmanship, comfort, and cutting-edge design
innovation.
The Genesis G90 Wingback Concept represents a bold exploration
of ultra-luxury mobility, building upon the foundation
of the flagship G90 sedan. Designed with a clear focus on rear
passenger experience, the concept introduces a refined vision
of chauffeur-driven travel, where comfort and exclusivity take
center stage. It reflects Genesis’ ambition to compete in the
highest tier of global luxury automotive design.
The exterior maintains the brand’s signature elegance, featuring
a long, flowing silhouette complemented by Genesis’
iconic two-line lighting. Subtle yet striking design cues elevate
its presence, while bespoke detailing underscores its concept
status. The design language remains clean and sophisticated,
reinforcing a sense of understated luxury.
Inside, the “Wingback” concept transforms the cabin into a
private lounge. Inspired by high-end furniture, the rear seats
feature wingback-style contours that provide enhanced privacy
and comfort. Rich materials, intricate stitching, and carefully
curated finishes create a tactile and visually immersive environment.
The layout prioritizes space and serenity, offering a
first-class travel experience tailored for discerning passengers.
Advanced technology is seamlessly integrated into the cabin,
with personalized controls, ambient lighting, and intuitive interfaces
enhancing convenience. The concept also explores future
mobility solutions, combining luxury with intelligent features
designed to anticipate passenger needs. Every detail is crafted
to elevate the in-car experience beyond traditional expectations.
While primarily a design study, the Wingback Concept reflects
Genesis’ broader direction towards sustainable and experience-driven
luxury. It showcases how future flagship models
may balance innovation with craftsmanship, redefining what
modern automotive luxury can achieve.
May 2026 www.thefinanceworld.com 83
Finance
Source: Ai generated
AI, digital assets, and evolving regulations are transforming global financial markets and investment strategies
Finance In Transition: Key
Trends That Could Shape
Global Markets In 2026
Emerging Financial Trends and Digital Innovation
are Reshaping Global Markets and Investment
Strategies for 2026
Global financial markets are undergoing
a period of transition as technological
innovation, shifting economic priorities
and regulatory changes reshape the way
capital is deployed and managed. As 2026
approaches, trends such as artificial intelligence,
digital assets, and sustainable
finance are influencing investment strategies
and market behaviour. For the United
Arab Emirates, these developments are
particularly significant as the country
continues to strengthen its position as
a global financial hub. By aligning with
emerging global trends and investing in
advanced financial infrastructure, the
UAE is creating a more resilient and future-ready
ecosystem capable of attracting
international capital and supporting
long-term economic growth.
84 www.thefinanceworld.com May 2026
Global financial markets are
entering a period of structural
transformation as technological
innovation, shifting economic dynamics
and evolving regulatory frameworks
redefine how capital flows across
borders. As 2026 approaches, investors,
institutions and policymakers
are preparing for a landscape shaped
by digital assets, artificial intelligence,
sustainability priorities and geopolitical
realignments. For the United Arab
Emirates, these global shifts present
both opportunities and strategic imperatives
as it continues to strengthen
its position as a leading international
financial hub.
Digital Assets Moving into the
Mainstream
Digital assets are expected to play a
more prominent role in global finance
by 2026. Institutional adoption of cryptocurrencies,
tokenised assets, and
blockchain-based financial instruments
is accelerating as regulatory clarity
improves across major markets.
Financial centers in the UAE are
actively positioning themselves within
this transformation. Regulatory frameworks
introduced by entities such as
Abu Dhabi Global Market and Dubai
International Financial Centre are
supporting the development of virtual
asset ecosystems, attracting global
firms and investors.
Tokenization, in particular, is gaining
traction as it enables fractional
ownership of assets ranging from real
estate to private equity. This innovation
is expected to enhance liquidity and
broaden investor access, potentially
reshaping traditional asset classes.
Artificial Intelligence Reshaping
Financial Decision-Making
Artificial intelligence is becoming
central to financial market operations,
from trading strategies to risk management
and customer engagement. By
2026, AI-driven analytics are expected
to significantly improve forecasting
accuracy and operational efficiency.
Financial institutions are increasingly
relying on machine learning models
to analyze vast datasets and identify
market trends in real time. This shift
is enabling faster and more informed
decision-making, particularly in volatile
market conditions.
In the UAE, AI integration is aligned
Building resilient and
future-ready financial
systems is essential to
sustaining economic
growth and strengthening
global competitiveness.”
H.E. Mohamed bin Hadi Al Hussaini,
Minister of State for Financial Affairs, UAE
Ministry of Finance
with national strategies focused on
digital transformation. Financial institutions
are investing in advanced
technologies to enhance competitiveness
and deliver more personalized
services to clients.
The growing role of AI is also raising
important considerations around
governance, transparency, and ethical
use, prompting regulators to adapt
frameworks accordingly.
Sustainable Finance Becoming a
Core Strategy
Sustainability is moving from a niche
consideration to a central pillar of
financial decision-making. Environmental,
social, and governance criteria
are increasingly influencing investment
strategies, capital allocation, and corporate
behaviour.
Global investors are placing greater
emphasis on climate-related risks and
sustainable business practices. This
shift is expected to accelerate in the
coming years as regulatory requirements
and investor expectations evolve.
The UAE is actively advancing sustainable
finance initiatives as part of
its broader economic strategy. Green
bonds, sustainability-linked loans, and
climate-focused investment funds are
gaining momentum within the region.
Financial institutions are also integrating
ESG considerations into risk
assessment frameworks, reflecting a
broader transition towards responsible
investing.
Interest Rate Dynamics and Global
Liquidity
Monetary policy remains a key factor
shaping global markets as central banks
navigate inflationary pressures and
economic growth challenges. Interest
rate movements in major economies
are expected to continue influencing
capital flows, currency stability, and
investment strategies.
Higher interest rates have already
led to shifts in asset allocation, with
investors reassessing risk and return
profiles across different asset classes.
This environment is likely to persist
into 2026, creating both challenges
and opportunities.
For the UAE, which maintains a currency
peg to the US dollar, monetary
policy decisions in the United States
have a direct impact on domestic
financial conditions. This interconnectedness
underscores the importance of
strategic financial planning and risk
management.
The Evolution of Private Markets
Private markets are expected to continue
expanding as companies seek
alternative sources of capital outside
traditional public markets. Private equity,
venture capital, and private credit
are becoming important components
of the global financial ecosystem.
Retail and institutional investors
alike are showing growing interest in
private market opportunities, driven
by the potential for higher returns
and portfolio diversification. Financial
innovation is enabling broader access
through structured investment vehicles
and digital platforms.
In the UAE, financial hubs are supporting
the growth of private capital
markets through regulatory innovation
and investor-friendly frameworks. This
development is helping attract global
capital and support entrepreneurial
growth across sectors.
May 2026 www.thefinanceworld.com 85
Wheels
SUBARU
GETAWAY
ADVENTURE MEETS EVERYDAY PRACTICALITY
200 km/h
Top Speed
480 Nm
Torque
300 hp
Horsepower
86 www.thefinanceworld.com May 2026
Subaru introduces a versatile concept designed to blend
rugged capability with modern comfort for spontaneous
escapes.
The Subaru Getaway Concept reflects the brand’s deep-rooted
identity in outdoor mobility, reimagined for a new generation
of explorers. Built to support both urban routines and offroad
adventures, the Getaway Concept positions itself as a
lifestyle-focused vehicle that seamlessly adapts to diverse
terrains and travel needs. It highlights Subaru’s commitment
to durability, safety, and all-weather performance.
The exterior design embraces a rugged yet refined aesthetic,
featuring bold cladding, elevated ground clearance,
and a practical roof setup for carrying outdoor gear. Signature
LED lighting and a robust stance reinforce its off-road
intent, while aerodynamic elements help ensure efficiency
during long drives. The design balances functionality with
a contemporary visual appeal.
Inside, the cabin is crafted to support active lifestyles. Flexible
seating configurations, durable materials, and smart storage
solutions make it ideal for road trips and outdoor excursions.
Integrated digital displays and connectivity features ensure
passengers remain informed and entertained, while intuitive
controls enhance usability across varying driving conditions.
Subaru integrates its renowned all-wheel-drive expertise
into the concept, ensuring superior traction and control. Advanced
driver assistance systems and terrain management
technologies further enhance safety and confidence, whether
navigating city streets or remote landscapes. The Getaway is
designed to deliver reliability without compromising comfort.
As a forward-looking concept, the Getaway also hints at
electrification and sustainable mobility solutions. It underscores
Subaru’s evolving vision of combining adventure-ready
performance with environmentally conscious engineering.
May 2026 www.thefinanceworld.com 87
Travel
Source: Ai generated
Growing visitor inflows are driving demand for short-term rentals and hospitality-focused real estate developments
Tourism-Driven Real
Estate: How Visitor
Demand Is Reshaping
Property Markets
Tourism Demand is Reshaping Real Estate Markets
and Creating New Investment Opportunities in the
UAE
Tourism has emerged as a powerful driver
of real estate activity, particularly in
the United Arab Emirates, where visitor
demand continues to influence property
development strategies and investment
trends. As international travel rebounds
and the UAE strengthens its position as
a global tourism hub, the real estate
sector is experiencing a shift towards
assets that cater directly to short-term
visitors. Hospitality-linked developments,
serviced apartments and short-term rental
properties are gaining prominence, reflecting
changing consumer preferences
and evolving market dynamics.
88 www.thefinanceworld.com May 2026
The UAE has witnessed a steady
increase in international visitors,
supported by strong connectivity,
world-class infrastructure, and a diverse
tourism offering. Cities such as Dubai
and Abu Dhabi continue to attract
millions of tourists annually, creating
sustained demand for accommodation
across various segments.
This growth is directly impacting
the real estate market. Property developers
are increasingly focusing
on projects that align with tourism
demand, including waterfront residences,
branded residences and mixed-use
developments that integrate hospitality
and retail components.
Short-term rental platforms have
also expanded rapidly, offering visitors
flexible accommodation options
while providing property owners with
attractive rental yields. This trend is
contributing to a more dynamic and
diversified property market.
The Shift Towards Short-Term
Rental Models
Short-term rentals are becoming a
central component of tourism-driven
real estate. Investors are recognising
the potential for higher returns compared
to traditional long-term leasing
models, particularly in high-demand
tourist areas.
In Dubai, regulatory frameworks
have evolved to support this segment,
enabling property owners to legally
operate short-term rentals under defined
guidelines. This has increased
transparency and encouraged more
investors to enter the market.
Serviced apartments and holiday
homes are especially popular among
tourists seeking convenience and flexibility.
These properties offer hotel-like
amenities combined with the comfort
of residential living, making them an
attractive choice for both short and
extended stays.
As a result, developers are designing
properties with features tailored to
short-term occupancy, including smart
home technologies, flexible layouts,
and premium amenities.
Branded Residences and Luxury
Tourism
The rise of luxury tourism is also influencing
real estate development in the
UAE. Branded residences, developed
in partnership with global hospitality
Tourism continues to be
a key driver of economic
growth, supporting
investment across
multiple sectors including
real estate.”
H.E. Abdulla bin Touq Al Marri, Minister of
Economy, UAE Ministry of Economy
brands, are gaining traction among investors
and high-net-worth individuals.
These properties combine residential
ownership with hotel-style services,
offering a unique value proposition.
Owners benefit from premium amenities,
brand recognition, and the
potential for rental income through
managed programmes.
Luxury developments in prime locations
are particularly appealing to
international buyers, who view UAE
real estate as a stable and attractive
investment. This trend is contributing
to the growth of high-end property
segments and reinforcing the country’s
position as a global luxury destination.
Integrated Developments Redefining
Urban Living
Tourism-driven demand is encouraging
the development of integrated
communities that combine residential,
hospitality, retail and entertainment
offerings. These mixed-use projects
create vibrant environments that appeal
to both residents and visitors.
Developers are increasingly focusing
on creating destination-oriented communities
that enhance the overall visitor
experience. Proximity to attractions,
accessibility and lifestyle amenities
are becoming key factors in property
design and planning.
Such developments are not only
supporting tourism growth but also
contributing to long-term urban development
goals. They help create
sustainable communities that can
adapt to changing market conditions.
Investment Opportunities and
Market Dynamics
The intersection of tourism and real
estate is creating new investment
opportunities across the UAE. Investors
are diversifying their portfolios
to include hospitality-linked assets
that offer exposure to the growing
tourism sector.
Institutional investors are also showing
increased interest in this segment,
recognizing its potential for stable
returns and long-term growth. Real
estate investment trusts and property
funds are incorporating tourism-related
assets into their portfolios.
However, the market also presents
challenges. Seasonal fluctuations in
tourism demand can impact occupancy
rates and rental income. Investors must
carefully assess market conditions,
location, and property type to optimize
returns.
Regulatory developments continue
to play a crucial role in maintaining
market stability and investor confidence.
Clear guidelines and effective
oversight are essential to ensuring
sustainable growth.
Technology Enhancing the Visitor
Experience
Digital platforms, smart home systems
and data analytics are enhancing the
efficiency and appeal of properties.
Property owners and operators are
using technology to streamline booking
processes, manage operations, and
improve guest experiences. This is
particularly important in the short-term
rental segment, where convenience and
service quality are key differentiators.
Data-driven insights help developers
better understand visitor preferences
and optimize property offerings, enabling
more targeted strategies and
better market alignment across diverse
tourism-driven real estate segments.
May 2026 www.thefinanceworld.com 89
Travel News
Ajman Unveils Wide-
Ranging Incentives to
Strengthen Tourism
Sector
Ajman has introduced a broad set
of measures aimed at boosting
its tourism sector, enhancing
competitiveness, and attracting fresh
investment. The initiative includes a
six-month deferral of tourism-related
fees for establishments starting
March 2026, alongside waivers on late
penalties tied to licence renewals.
Authorities have also introduced flexible,
interest-free instalment options
to ease financial pressures on businesses.
Additional incentives cover
exemptions on selected permit fees
and participation costs for exhibitions
and promotional events, helping operators
improve visibility while reducing
expenses. Visitors are set to benefit
as well, with free entry to museums
extended until the end of 2026. The
package reflects Ajman’s commitment
to strengthening its tourism ecosystem,
supporting private sector growth,
and positioning the emirate as a more
competitive and sustainable destination
for investors and travellers.
Dubai Accelerates Aviation Growth through Strategic
Investment in Smart Technologies
Dubai is accelerating its aviation
growth strategy by placing
smart technologies at the core
of its next development phase, with
a strong focus on digital transformation
across airport operations. The
emirate is increasingly investing in
advanced solutions such as automation,
artificial intelligence, and data
analytics to improve efficiency, expand
capacity, and create a more seamless
passenger experience. This direction
aligns with Dubai’s broader ambition
to lead the future of global aviation,
supported by continued investments in
infrastructure, operational resilience,
and long-term traffic growth. The
strategy also reflects a wider industry
shift towards digitalisation, where
technology is becoming essential in
managing rising passenger demand
while maintaining service quality and
performance, while reinforcing global
connectivity leadership.
Oman Partners with Global Council to Advance
Sustainable Tourism Agenda
Oman has signed a memorandum
of understanding with the
Global Sustainable Tourism
Council, marking a strategic move to
strengthen sustainability across its
tourism sector. The agreement formalises
the country’s membership in the
council, enabling access to internationally
recognised frameworks and best
practices for sustainable destination
management. It will support the development
of comprehensive policies,
covering planning, financing, monitoring,
and performance evaluation,
while aligning national standards with
global benchmarks. The collaboration
also includes technical guidance and
capacity-building initiatives aimed
at enhancing local expertise in sustainability
management. In addition,
the partnership encourages tourism
businesses to adopt recognised standards,
improving service quality and
safeguarding natural and cultural
assets. The initiative reflects Oman’s
broader commitment to positioning
sustainability as a central pillar of its
tourism growth strategy.
Emirates and Wesgro Team up to Drive Western Cape Tourism Growth
Emirates and Wesgro have signed
a memorandum of understanding
to accelerate inbound tourism
to Cape Town and the wider
Western Cape region. The agreement,
finalised during World Travel Market
Africa 2026, focuses on leveraging
the airline’s extensive global network
to attract travellers from key source
markets, including the GCC, India, and
the Far East. Both parties will collaborate
on targeted marketing initiatives
to enhance destination visibility and
stimulate demand across priority
90 www.thefinanceworld.com May 2026
regions. The partnership also aligns
with the Western Cape’s Growth for
Jobs strategy, reinforcing tourism as a
key economic driver. Additionally, the
move complements Emirates’ plans
to expand connectivity, including the
introduction of increased flight frequencies,
further strengthening access
to the region and supporting long-term
tourism and trade development.
Sharjah Chamber and Hotels Group Plan Campaign to Boost Tourism
The Sharjah Chamber of Commerce
and Industry, in partnership with
the Hotels Sector Business Group,
is set to roll out a targeted campaign
aimed at driving domestic tourism
across the emirate. The initiative will
focus on attracting residents and visitors
through curated hospitality packages
that combine accommodation, retail,
and entertainment offerings. Industry
stakeholders emphasised the importance
of creating integrated experiences that
link hotels with key attractions and
commercial destinations. The campaign
seeks to leverage Sharjah’s cultural
appeal, tourism assets, and strategic
positioning to increase occupancy levels
and support revenue growth. It also
reflects a broader effort to strengthen
collaboration between public and private
sector entities, reinforcing Sharjah as a
competitive destination.
Saudi Arabia to Develop
27 Eco-Cultural Heritage
Sites across National
Parks
Saudi Arabia is advancing plans to
develop 27 eco-cultural heritage sites
across its national parks, combining
environmental conservation with cultural
preservation. The initiative, led through
a collaboration between key government
entities, focuses on rehabilitating historic
locations and integrating them into
protected natural landscapes. The first
phase will span multiple regions, including
Riyadh, Madinah, the Eastern Province,
and Asir, with a strong emphasis on
long-term sustainability. Selected sites
include significant landmarks such as
ancient inscriptions, historic dams, and
heritage villages, reflecting the Kingdom’s
rich cultural legacy. The programme
also aims to support local communities
by promoting traditional crafts and
heritage-based activities, creating new
economic opportunities. By aligning
tourism development with conservation
efforts, Saudi Arabia seeks to enhance
visitor experiences while strengthening
its position as a growing destination for
eco-cultural tourism.
DW Travel Records 34% Revenue Growth in 2025,
Eyes Future Expansion
DW Travel delivered a strong
performance in 2025, achieving
a 34% increase in revenue while
expanding its global footprint and
diversifying its service portfolio. The
company onboarded 34 new corporate
clients and strengthened its market position
through strategic partnerships,
including joining an international travel
management network. Growth was
driven by multiple business segments,
His Highness Sheikh Mohammed
bin Rashid Al Maktoum has reviewed
Dubai’s AED 3B beach
development plan, a key component
of the emirate’s long-term strategy to
transform its coastline into world-class
leisure and tourism destinations. The
initiative aims to expand public beach
areas by up to 170%, significantly
increasing capacity to accommodate
rising visitor numbers while enhancing
accessibility and quality of life for
residents. Major projects include the
redevelopment of Al Mamzar Beach
and other coastal zones, featuring
upgraded infrastructure, pedestrian-friendly
spaces, cycling tracks, and
integrated retail and hospitality offerings.
Dubai Municipality is overseeing
with visa services, luxury travel, and
religious travel reporting significant
gains. Its VIP division continued to
scale, offering bespoke travel experiences,
while a newly launched
meetings and events unit contributed
to increased corporate bookings. The
company also invested in digital capabilities,
enhancing its proprietary
booking platform to improve efficiency
and customer experience.
Sheikh Mohammed Reviews AED 3B Beach
Plan as Dubai Boosts Coastal Development
the developments with a strong focus
on sustainability, smart services, and
environmental preservation. The plan
reinforces Dubai’s ambition to position
itself among the world’s leading
coastal cities, supporting tourism
growth, urban liveability, and economic
diversification.
May 2026 www.thefinanceworld.com 91
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