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The Next Wave of Wealth: Family Offices and Private Capital in the GCC

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Global Supply Chains 2.0: Diversification in an Era of Geopolitical Shifts

Open Banking and Embedded Finance

July 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,

ambrish@thefinanceworld.com

DESIGN

Hamza KhanEDITORIAL

Ambrish Agarwal,

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FEEDBACK & SUGGESTIONS

Every so often, a set of numbers changes how you see

an entire issue. That’s what happened with this one.

Look across the UAE’s property transactions, banking

results, and foreign investment figures, and a consistent

story emerges. Record property sales. Bank profits climbing

even as interest rates fell. A fourth straight year of record

foreign investment. Individually, each number is impressive.

Together, they point to something bigger than a good quarter

– a diversification strategy, over a decade in the making,

finally showing up clearly in the data. That’s the story

behind this month’s cover, RESILIENT: Built for Growth.

The rest of this issue follows that same thread from different

angles: AI reshaping real estate valuations and boardroom

decisions, family offices across the GCC becoming a serious force

in private capital, and the UAE’s push beyond oil into clean energy

and industrial innovation. We’ve also covered the shift toward

digital tax administration, the rise of embedded finance, and a

strong run of corporate earnings from the region’s biggest names.

We’ve also included highlights from the second She

Innovates event, hosted with DTEC – a good reminder

that behind every macro number is a community of

people actually building the thing the data describes.

Enjoy the issue – and here’s to the second half of the year.

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July 2026 www.thefinanceworld.com 3

Contents July

2026

COVER STORY

ENERGY

P16 | Beyond Oil: The UAE’s Investment

in Clean Energy and Industrial Innovation

Beyond Oil, Beyond Limits: Building a Future

Powered by Clean Energy, Innovation, and

Industrial Transformation.

INTERVIEW

P28 | Resilient: Built For Growth

Behind every headline number this year sits a plan put in place years

earlier. Property markets setting new records. Banks turning higher

profits even as interest rates fell. Foreign investors choosing the

UAE again, for a fourth year running. Here’s how it all connects.

REAL ESTATE

P08 | AI-Powered Real Estate: How Predictive Analytics

Is Reshaping Property Investment

Data-Driven Intelligence Is Transforming the Future of UAE Property

Investment.

P24 | Alternative Finance: Unlocking

Growth

Manoj Sureka on How Businesses Are Rethinking

Growth Capital Beyond Traditional Bank Lending

4 www.thefinanceworld.com July 2026

WHEELS

GLOBAL

P66

| BMW X5

Enters Its Fifth Generation With Neue Klasse Technology.

BANKING

P56 | Global Supply Chains 2.0:

Diversification in an Era of Geopolitical

Shifts

Global Supply Chains 2.0: Building Resilience

Through Diversification, Innovation, and

Connectivity.

HEALTHCARE

P62 | Open Banking and Embedded Finance: Redefining

Customer Experience

Open Banking and Embedded Finance are Reshaping Customer

Experiences across the UAE’s Digital Economy.

P52 AI in Healthcare: Transforming

Diagnostics, Operations, and Patient

Care

How Artificial Intelligence is Powering the Next

Generation of Healthcare in the UAE.


GROW YOUR

BUSINESS

We make Short / Long Term

Investments in Growing Businesses

info@wasayainvestments.com

www.wasayainvestments.com

Real Estate

Source: Ai generated

AI-powered analytics visualizing Dubai’s skyline, smart buildings, investment dashboards, and real-time property market insights.

AI-Powered Real Estate:

How Predictive Analytics

Is Reshaping Property

Investment

Data-Driven Intelligence Is Transforming the

Future of UAE Property Investment

The United Arab Emirates has emerged

as one of the world’s most dynamic real

estate markets, attracting investors from

across the globe through its strategic

location, investor-friendly policies, and

ambitious urban development projects. As

the sector continues to evolve, artificial

intelligence (AI) and predictive analytics

are transforming how investors identify

opportunities, assess risks, and maximize

returns. From forecasting property prices

to analyzing tenant behavior and market

trends, AI-powered tools are enabling

smarter, data-driven decisions. In a market

as competitive and fast-moving as the

UAE, predictive analytics is becoming

an indispensable asset for developers,

investors, brokers, and financial institutions

seeking a competitive edge.


The UAE has positioned itself as

a global leader in digital transformation,

with government

initiatives encouraging the adoption

of emerging technologies across industries.

Real estate has been one

of the key beneficiaries of this transformation.

AI-driven platforms now

process vast amounts of data from

property transactions, demographic

trends, economic indicators, tourism

statistics, and consumer behavior to

generate actionable insights.

Cities such as Dubai and Abu Dhabi

have witnessed increasing integration

of smart technologies into real estate

operations. Property developers and

investment firms are leveraging machine

learning algorithms to predict future

demand, optimize pricing strategies,

and identify high-growth neighborhoods

before they gain mainstream attention.

Predictive analytics enables stakeholders

to move beyond traditional

market analysis by uncovering patterns

and trends that would be difficult or

impossible to identify manually. This

shift is fundamentally changing how

investment decisions are made.

Enhancing Property Valuation

Accuracy

One of the most significant applications

of predictive analytics is property valuation.

Traditional valuation methods

often rely on comparable sales and

expert judgment. While effective, these

approaches can be limited by human

bias and incomplete information.

AI-powered valuation systems continuously

analyze thousands of market

transactions and real-time economic

indicators to determine a property’s

likely market value. These systems can

account for factors such as proximity to

metro stations, upcoming infrastructure

projects, school quality, retail developments,

and neighborhood popularity.

In Dubai’s rapidly evolving property

market, predictive valuation tools help

investors identify undervalued assets

before prices rise, creating opportunities

for higher capital appreciation.

Identifying Emerging Investment

Hotspots

Predictive analytics is particularly effective

at identifying future growth areas.

By analyzing construction activity, government

spending plans, transportation

projects, and migration patterns, AI can

The UAE embraces

artificial intelligence

solutions and tools across

various sectors, with the

objective of accelerating

the digital transformation

process and enriching

performance standards.”

H.E. Omar Sultan Al Olama, Minister of

State for Artificial Intelligence, Digital

Economy, and Remote Work Applications

forecast which locations are likely to

experience increased demand.

For example, areas benefiting from

new transportation links, commercial

districts, or tourism developments often

experience significant increases in

property values. AI systems can detect

these signals early, allowing investors

to enter markets before broader price

appreciation occurs.

In the UAE, where large-scale developments

frequently reshape urban

landscapes, early identification of

emerging hotspots can generate substantial

investment advantages.

Improving Rental Yield Predictions

Rental income remains a major attraction

for property investors in the

UAE. However, predicting future rental

performance has traditionally involved

considerable uncertainty.

AI-powered analytics platforms

evaluate factors such as employment

growth, expatriate population trends,

household income levels, and tenant

preferences to forecast rental demand.

Investors can use these insights to

determine which property types and

locations are likely to deliver stronger

rental yields.

Predictive models also help landlords

anticipate periods of higher vacancy

risk and adjust pricing strategies accordingly.

This enables more effective

portfolio management and improves

long-term profitability.

Risk Management and Market

Stability

Real estate investments involve numerous

risks, including market downturns,

oversupply, economic fluctuations,

and changing consumer preferences.

Predictive analytics enhances risk

assessment by identifying warning

signs before they become significant

problems.

AI systems can monitor indicators

such as declining transaction volumes,

increasing inventory levels, shifts in

mortgage activity, and economic uncertainty.

These insights help investors

make proactive decisions to protect

their portfolios.

For institutional investors and property

funds operating in the UAE, predictive

risk management tools provide

greater confidence in capital allocation

decisions and support long-term investment

strategies.

Personalizing Property

Recommendations

AI is also revolutionizing property

search and investment advisory services.

Advanced algorithms analyze investor

preferences, risk tolerance, budget

constraints, and return objectives

to recommend suitable opportunities.

Rather than reviewing hundreds of

listings manually, investors can receive

highly personalized recommendations

aligned with their financial goals. This

improves efficiency and enables more

targeted investment decisions.

Real estate agencies and digital

property platforms across the UAE

are increasingly adopting AI-driven

recommendation engines to enhance

customer experiences and accelerate

transaction processes.

Predictive analytics is reshaping

UAE property investment by improving

valuation accuracy, identifying opportunities,

and enhancing risk management,

enabling smarter, data-driven decisions

that support sustainable growth.


Real Estate News

Qatar Real Estate Sales Hit $476M in May, Led by Doha

Qatar’s real estate market recorded

QR1.73 billion ($476 million) in

sales during May 2026, according

to the latest analytical bulletin

issued by the Ministry of Justice. A

total of 425 real estate transactions

were completed during the month.

Moreover, Doha, Al Rayyan, and Al

Dhaayen accounted for the largest

share of activity by transaction value,

highlighting sustained momentum

across the property sector. Transaction

values reached QR599 million ($164.7

million) in Doha, followed by QR538.6

million ($148.2 million) in Al Rayyan

and QR368.4 million ($101.3 million)

in Al Dhaayen. Additionally, Al Wakrah

recorded transactions worth QR97.8

million, while Umm Salal registered

QR88.8 million. Al Khor and Al Dhakira

posted QR57.1 million in sales, and Al

Shamal accounted for QR22.4 million.

Dubai Holding,

CBD Launch Home

Financing Program

Dubai Holding Real Estate has

partnered with Commercial Bank

of Dubai (CBD) to introduce a

home financing Program for eligible

buyers purchasing properties across

Nakheel, Meraas, and Dubai Properties

developments.

The Program targets UAE nationals

and residents, including salaried and

self-employed customers, purchasing

qualified off-plan and completed villas

and apartments. Additionally, it aims

to provide a more streamlined and

transparent path to homeownership

through preferential rates, competitive

fee structures, and faster digital

onboarding. The offering includes both

conventional and Islamic financing

options, subject to eligibility and

approval. Moreover, customers will

benefit from dedicated relationship

management and access to selected

premium banking services.

Emaar to Develop $55 BN Real Estate Project in

Dubai

Emaar Properties is planning a

major real estate development

in Dubai valued at nearly $55

billion, marking what the company’s

founder described as its most ambitious

project to date. The proposed development

will feature a total built-up area

exceeding 4.5 million square meters

and is designed as a self-sustaining

urban district capable of accommodating

approximately 150,000 residents.

According to the company, the project

Sharjah’s real estate sector achieved

record-breaking performance in

2025, with property transactions

valued at AED65.6bn (USD 17.9bn),

marking a 64 per cent increase compared

to the previous year, according to

a new report by property consultancy

Cavendish Maxwell.

The strong growth continued into

2026, as transaction values in the first

quarter climbed 41 per cent year-onyear

to AED18.5bn (USD 5bn). During

the January to March period, close to

9,980 properties changed hands, representing

a 23 per cent rise from the

corresponding quarter of 2025.

Cavendish Maxwell stated that the

latest data underscores the increasing

resilience and appeal of Sharjah’s property

market, driven by rising foreign

investment, ongoing infrastructure

will include landmark residential towers,

villas, and mansions, alongside

commercial office space, retail destinations,

and luxury hospitality assets.

Moreover, the development is intended

to offer a comprehensive live-workleisure

environment, reflecting Dubai’s

continued focus on large-scale urban

expansion, sustainable community

development, integrated infrastructure,

enhanced connectivity, and long-term

economic growth.

Sharjah Property Market Reaches Record USD

17.9B as Sales Climb 64%

development, population growth and

more affordable housing options relative

to neighbouring Dubai.


Dubai First-Time Home Buyer Program Drives AED 5B in Property Sales

Dubai Land Department (DLD),

in collaboration with the Dubai

Department of Economy and

Tourism (DET), announced that the

First-Time Home Buyer Program is open

to all UAE residents aged 18 and above

who do not currently own a freehold

residential property in Dubai. Since its

introduction in July 2025, the initiative

has helped more than 3,200 residents

purchase their first homes in Dubai,

facilitating residential property transactions

worth over AED5 billion. In less

than a year, the Program has attracted

strong interest from thousands of UAE

residents, highlighting its growing role

in encouraging homeownership and

reinforcing Dubai’s appeal as a premier

destination for living, working,

tourism, and investment. As part of

the Program’s latest expansion phase,

nine additional developers have joined

through new strategic partnerships,

increasing opportunities for residents

to enter the property market.

Ajman Records AED

1.6B in Real Estate

Deals May 2026

The real estate sector in the

Emirate of Ajman registered 864

transactions in May, generating

a total transaction value of AED1.6

billion.

Engineer Omar bin Omair Al Muhairi,

Director General of the Ajman

Land and Real Estate Regulation

Department, said the sector’s performance

during May highlights sustained

market momentum, especially in

property sales. He emphasised that

Ajman continues to attract investors

through its wide range of opportunities

across different areas of the emirate.

He noted that real estate trading activity

totalled AED1.3 billion through

679 transactions. The Al Zahia area

recorded the highest sales value at

AED200 million, while the largest

transaction within real estate development

projects reached AED1.6 million

in Al Zorah. Al Muhairi also revealed

that 128 mortgage transactions were

recorded during May, with a total value

of AED187.5 million.

Abu Dhabi Imposes Freeze On Property Rent

Abu Dhabi has implemented a temporary

freeze on rent increases

across residential, commercial

and industrial properties. The decision

ensures that tenants will not experience

any rise in rental values for the duration

of the measure. It applies to both existing

lease renewals and newly signed contracts

for previously rented units.

The Abu Dhabi Real Estate Center

(ADREC), which regulates the emirate’s

property sector, confirmed that all lease

renewals will now be processed with a

zero per cent increase. Tenants renewing

their agreements will continue paying the

same rent as in their previous contract,

with no upward adjustment permitted.

The policy also covers new tenancy

agreements for units that have been

rented before. Landlords are required

to maintain the last registered rental

value for such properties, preventing any

increase in rent for incoming tenants.

Abu Dhabi Property Transactions more than

Double Despite Regional Tensions

Abu Dhabi’s residential property

market delivered strong growth

in the first quarter of 2026, with

new project launches helping transaction

volumes more than double year-on-year.

According to JLL’s latest Real Estate Market

Dynamics Q1 2026 report, demand

remained resilient despite regional tensions

that weighed on market sentiment

across the UAE. Moreover, the launch of

new developments continued to support

buyer activity throughout the quarter.

While transaction activity declined by

11.8% in March, overall first-quarter

performance remained robust. As a

result, the capital maintained positive

momentum in its residential sector. The

report also highlighted shifting trends in

the rental market. Although total rental

registrations fell 8.4%, new lease contracts

increased by 13.4%.


Finance


Gulf skyline with financial graphs, family office meetings, investment routes, and wealth dashboards.

The Next Wave of

Wealth: Family Offices

and Private Capital in

the GCC

Private capital in the GCC is no longer just

managing wealth, it is shaping the future of global

investment.

The Gulf Cooperation Council (GCC) is

undergoing a profound and far-reaching

transformation in its overall wealth landscape.

As oil-driven economies diversify

and global capital flows shift steadily toward

high-growth regions, family offices

and private capital firms are emerging as

powerful engines of investment across the

UAE, Saudi Arabia, Qatar, and beyond.

These entities are no longer merely passive

wealth preservers; they are increasingly

becoming active allocators of capital,

shaping key sectors such as real estate,

technology, healthcare, infrastructure,

and sustainable energy. In this new era,

the GCC is positioning itself as a leading

global hub for sophisticated private

wealth management and long-term capital

deployment.


Family offices in the GCC have

evolved rapidly over the past

two decades, driven by generational

wealth accumulation from

sovereign-linked businesses, trade,

energy, and real estate. Traditionally

focused on preserving wealth, many of

these offices are now expanding into

more complex investment strategies,

including private equity, venture capital,

and cross-border acquisitions.

A key factor behind this evolution

is diversification. As GCC economies

actively reduce dependence on hydrocarbons,

wealthy families are aligning

their portfolios with national transformation

agendas such as Saudi Vision

2030 and the UAE’s “We the UAE 2031”

strategy. This alignment has encouraged

investments in technology startups,

logistics hubs, tourism infrastructure,

and financial services.

Unlike institutional investors, family

offices often enjoy greater flexibility,

allowing them to move quickly into

emerging opportunities. This agility has

made them influential participants in

early-stage funding rounds and niche

asset classes.

Private Capital as a Growth Engine

Private capital in the GCC is expanding

at an unprecedented pace. Sovereign

wealth funds, ultra-high-net-worth individuals

(UHNWIs), and family offices

collectively represent trillions of dollars

in deployable capital. Increasingly,

these funds are being channeled into

private markets rather than traditional

public equities.

Private equity firms in the region are

focusing on value creation through

operational improvements, digital transformation,

and sector consolidation.

Meanwhile, venture capital activity is

accelerating, particularly in fintech,

artificial intelligence, logistics technology,

and climate-focused innovation.

This shift is not only about returns

but also about strategic influence.

Private capital is helping shape the

future economic architecture of the

GCC by funding industries aligned with

long-term national priorities.

The UAE as a Regional Wealth Hub

The UAE, particularly Dubai and Abu

Dhabi, has become a magnet for global

family offices. Its tax-efficient environment,

world-class infrastructure, political

stability, and regulatory reforms

have made it one of the most attractive

destinations for wealth migration.

Free zones such as the Dubai International

Financial Center (DIFC) and

Abu Dhabi Global Market (ADGM)

have established dedicated frameworks

for family offices, offering legal structures

tailored to wealth preservation,

succession planning, and investment

management.

In addition, the UAE’s strong real

estate sector remains a cornerstone

of private capital allocation. Luxury

properties, commercial developments,

and branded residences continue to

attract significant inflows from regional

and international investors seeking

stable yields and capital appreciation.

Cross-Border Investment Expansion

GCC family offices are increasingly expanding

their footprint beyond regional

markets. Europe, North America, and

parts of Asia have become key destinations

for outbound investment. These

The UAE is committed

to building one of the

most competitive and

innovative investment

ecosystems in the world,

enabling sustainable

economic growth and

attracting global capital.”

H.E. Abdulla bin Touq Al Marri, UAE Minister

of Economy

investments often target mature markets

with stable cash flows, including

hospitality, logistics, infrastructure,

and healthcare assets.

At the same time, there is a growing

interest in emerging markets in Africa

and South Asia, where demographic

growth and urbanization present

long-term opportunities. This global

diversification strategy reflects a more

sophisticated approach to risk management

and capital allocation.

Technology and Data-Driven Investment

Strategies

Modern family offices are increasingly

adopting technology-driven investment

approaches. Artificial intelligence,

predictive analytics, and big data tools

are being used to evaluate deal flow,

assess risk, and optimize portfolio

performance.

This shift marks a departure from

relationship-based investing toward

more data-informed decision-making.

Investment committees now rely on

advanced dashboards that integrate

macroeconomic indicators, geopolitical

risk assessments, and sector-specific

analytics.

Fintech platforms are also enabling

better governance, reporting transparency,

and compliance management. As a

result, family offices are becoming more

institutionalized in their operations

while retaining their entrepreneurial

flexibility.

Succession Planning and

Generational Transition

Generational transition remains a challenge

for GCC family offices. Wealth

is passing to younger, impact-oriented

heirs, shifting philosophies

toward sustainable investing, ESG

portfolios, and innovation sectors.

Regulatory Evolution and Institutional

Support

GCC governments actively support

private capital growth. Reforms in the

UAE and Saudi Arabia have improved

transparency and investor protection,

while free zones and fund regulations

enhance efficiency. Family offices are

moving beyond wealth preservation

toward global investment leadership,

reshaping capital flows across sectors.

As the GCC transforms economically,

wealth remains central to growth and

financial integration.


Funding and Investment News

Hub71 Startups Surpass $2.7 BN in Total Funding Raised

Startups within Hub71’s ecosystem

raised more than $2.7 billion

(AED9.9 billion) in funding and

generated $1.5 billion (AED5.4 billion)

in revenue by the end of 2025, underscoring

Abu Dhabi’s growing appeal as a

destination for high-growth technology

companies. According to Hub71’s 2025

Impact Report, startups secured $599

million (AED2.2 billion) in funding

during the year and generated $175

million (AED645 million) in revenue.

As a result, the ecosystem continued

its trajectory of sustained growth, supported

by increasing access to capital,

customers, and international markets.

Since its launch in 2019, Hub71’s community

has expanded to 390 startups,

including 295 companies supported

through its Programs.

MBRIF Expands Funding Ecosystem Through

Strategic Partnership with Numou

The Mohammed Bin Rashid Innovation

Fund (MBRIF), a Ministry

of Finance initiative dedicated

to fostering innovation and entrepreneurship

in the UAE, has entered into a

partnership with Numou, a subsidiary

of ADGM, Abu Dhabi’s international

financial Center. The collaboration aims

to widen access to funding opportunities

for MBRIF-supported businesses

while reinforcing support for startups

and high-growth enterprises across the

UAE. Through this partnership, businesses

backed by MBRIF will benefit

from increased access to financing

solutions via Numou’s digital marketplace.

They will also have the opportunity

to participate in workshops and

community-focused sessions designed

to enhance understanding of available

funding options.

Arab Energy Fund Appoints Banks For Potential

$500M Five-Year Sukuk Sale

Gulf Sovereign Funds

Prepare Multibillion-

Dollar Offers for SpaceX

IPO

Major sovereign wealth funds

across the Gulf are reportedly

preparing to invest billions of

dollars in SpaceX’s forthcoming public

offering, which is expected to become

the largest IPO in history. According to

sources familiar with the matter, Saudi

Arabia’s Public Investment Fund (PIF) and

the Kuwait Investment Authority have each

committed between USD1B and USD5B,

while Qatar’s sovereign wealth fund is also

anticipated to secure a significant stake

in the offering. Investor demand for the

IPO of Elon Musk’s aerospace company

has been exceptionally strong, with orders

reaching approximately USD250B

to date, making the offering nearly four

times oversubscribed.

The Arab Energy Fund (TAEF) has

officially appointed a consortium

of leading international banks to

organise a series of fixed-income investor

calls beginning on June 9, 2026.

Following these preliminary discussions,

TAEF may proceed to launch a benchmark-sized

U.S. dollar-denominated senior

unsecured sukuk worth approximately

$500 million under its existing trust certificate

issuance Program, subject to prevailing

market conditions and investor

demand overall. The proposed five-year

sukuk instrument is currently expected

to mature in June 2031. The initial pricing

guidance for the transaction has been set

at around 80 basis points over the relevant

SOFR mid-swaps benchmark rate.

Bank ABC, BMO Capital Markets, Citi,

Crédit Agricole CIB, Emirates NBD Capital,

KFH Capital, Standard Chartered

(B&D), and the Islamic Corporation for

the Development of the Private Sector

have all been formally selected to act as

joint lead managers and bookrunners for

this potential transaction.


ADIA and Investors

Invest $82.4M in Corona

Remedies

Abu Dhabi Investment Authority

(ADIA) was among the investors

that acquired a 7.3 percent stake

in Indian pharmaceutical firm Corona

Remedies in a transaction valued at

777 crore rupees ($82.4 million). The

stake sale was carried out through

a block deal on the open market of

the National Stock Exchange (NSE).

Other participants in the transaction

included UK-based investment manager

Aberdeen Group and several domestic

Indian funds. ADIA purchased 39,130

shares of Corona Remedies at a price

of INR 1,730 per share. On June 17,

2026, Sepia Investments Limited, Anchor

Partners, and Sage Investment

Trust collectively sold 4,580,891 equity

shares in the company through market

transactions, reflecting changes in

shareholder holdings and disclosed

under applicable regulatory requirements

for investor transparency and

market reporting.

Global Investment Powerhouse Secures Dubai

License to Boost Middle East Expansion

WTW, a global advisory, broking

and solutions company, has

obtained approval from the

Dubai Financial Services Authority

(DFSA) to operate within the Dubai

International Financial Center (DIFC)

under the name WTW Investments

(DIFC) Limited. The approval marks

a major step in the company’s Middle

East expansion plans, strengthening its

ability to serve clients across the region

through a regulated local platform.

For the first time, WTW will be able to

provide access to its complete range

of regulated investment services from

DIFC, creating a scalable regional base

connected to rapidly growing investment

markets. The License enables the firm

to offer investment advisory services

and facilitate fund-related solutions.

Egypt Seeks Fresh UAE Investment in Oil and Gas

Exploration

Egypt’s Minister of Petroleum

and Mineral Resources, Karim

Badawi, met with a UAE delegation

led by ENOC CEO Hussain

Sultan Lootah and Dragon Oil CEO

Abdulkarim Al Maazmi to discuss

opportunities for expanding Emirati

investments in Egypt’s petroleum

industry. The discussions explored

potential investments in aviation

fuel services, as well as oil and gas

exploration, research, and production

projects across the country. According

to a statement from the Ministry

of Petroleum, ENOC and Dragon Oil

officials praised the Ministry’s efforts

in clearing all outstanding financial obligations

owed to investment partners.

They said the move highlights Egypt’s

financial credibility and commitment

to investors, helping strengthen confidence

in the market.

UAE Highlights $1.4T U.S.

Investment Commitment

in Washington

Khaldoon Al Mubarak, Chairman

of the Executive Affairs

Authority, recently met with

senior US administration officials

and several members of Congress in

Washington, DC, to formally review the

overall progress made in economic,

technology, and artificial intelligence

cooperation between the UAE and

the United States. The meetings took

place as both countries continue to

jointly advance the ongoing UAE-US

AI Acceleration Partnership, which

was originally launched during US

President Donald Trump’s official visit

to the UAE and his subsequent meeting

with UAE President Sheikh Mohamed

bin Zayed Al Nahyan. Al Mubarak and

the accompanying UAE delegation

held extensive discussions with US

Vice President JD Vance, Treasury

Secretary Scott Bessent, Commerce

Secretary Howard Lutnick, and Under

Secretary of State for Economic

Affairs Jacob Helberg, and several

senior members of the US Congress.


Energy


UAE’s clean energy future — solar-powered deserts, wind energy, and sustainable innovation.

Beyond Oil: The UAE’s

Investment in Clean

Energy and Industrial

Innovation

Beyond Oil, Beyond Limits: Building a Future

Powered by Clean Energy, Innovation, and

Industrial Transformation

The United Arab Emirates is steadily reshaping

its economic future by moving

beyond oil and investing in clean energy

and industrial innovation. Once heavily

reliant on hydrocarbons, the country is

now pursuing a diversified growth model

focused on sustainability, technology, and

advanced industries. Major investments

in solar power, green hydrogen, and smart

infrastructure reflect this long-term vision.

Alongside the energy transition, the

UAE is strengthening its manufacturing

base and expanding digital capabilities

to support a knowledge-driven economy.

This strategic shift aims to reduce vulnerability

to oil price fluctuations while

positioning the nation as a global leader

in clean energy and future-oriented industrial

development.


For decades, the United Arab Emirates

has been associated with oil

and gas production, but a more

complex economic narrative has taken

shape. The country is repositioning itself

for a future in which hydrocarbons

will no longer be the dominant driver

of global growth, actively investing its

oil wealth into clean energy systems

and advanced industrial capabilities,

building a diversified model that blends

energy strength with technological

ambition.

The UAE is committed

to accelerating the

transition toward a

diversified, knowledgebased

economy by

advancing clean energy,

strengthening industrial

capabilities, and

embedding innovation

across all sectors of

development.”

H.E. Sultan Ahmed Al Jaber, Minister of

Industry and Advanced Technology

At the core of this transformation is

a national strategy built on economic

resilience and long-term planning.

Rather than treating clean energy as

a replacement for oil, the UAE has

adopted a parallel approach: energy

revenues support state-led investments,

while new industries are developed at

scale in renewable energy, artificial

intelligence, logistics, and advanced

manufacturing, allowing fiscal stability

alongside its transition into a

knowledge-based economy. A visible

expression of this shift is the rapid

expansion of solar energy infrastructure.

The UAE’s high solar irradiance

and vast desert land make it naturally

suited for large-scale solar deployment.

Utility-scale solar parks now supply

electricity at costs competitive with

fossil fuels, also serving as models for

exportable clean energy technologies

and financing structures.

A major driver of this expansion

is Masdar, one of the world’s most

influential clean energy investment

platforms. Headquartered in Abu Dhabi,

it has built a global portfolio spanning

wind farms, solar installations, and

green hydrogen projects, functioning

as a strategic instrument of economic

diversification that extends UAE influence

into Europe, Asia, and Africa

as a global energy investor rather

than solely a producer. The UAE is

also emphasizing green hydrogen as

a cornerstone of its industrial future,

viewed as essential for decarbonising

hard-to-electrify sectors such as heavy

manufacturing, aviation, and maritime

transport. Leveraging its energy

resources, export infrastructure, and

capital access, the UAE aims to become

a competitive producer of low-carbon

hydrogen, creating a new export commodity

that can complement or eventually

rival traditional energy exports.

Government institutions are also

playing a central role in coordinating

this transition. The Ministry of

Industry and Advanced Technology

aligns industrial development with

sustainability objectives, strengthening

domestic supply chains and

integrating digital technologies into

production systems, shifting the UAE

toward an innovation-driven, globally

competitive industrial structure.

Similarly, the Ministry of Energy and

Infrastructure is reshaping the national

energy landscape in line with global

decarbonisation trends, expanding

renewable capacity and supporting electric

mobility and smart infrastructure,

integrated with urban development,

transport planning, and industrial

zoning into a coordinated national

framework for sustainable growth.

Beyond energy production, the UAE

is investing heavily in industrial innovation

ecosystems designed to attract

high-tech companies and research-driven

enterprises. Special economic zones

and industrial clusters are being developed

to host firms working in robotics,

aerospace, biotechnology, and clean

technology, reducing bureaucratic friction,

providing world-class infrastructure,

and enabling rapid scaling of new

technologies, helping the UAE move up

the global value chain toward advanced

industrial services and manufacturing.

Digital transformation is another critical

pillar of this strategy. Artificial intelligence,

data analytics, and automation

are being integrated into both public

and private sector systems, with energy

grids becoming smarter and more

efficient, logistics networks optimized

through predictive technologies, and

manufacturing processes increasingly

automated, allowing the UAE to accelerate

productivity gains while reducing

energy intensity across sectors.

Human capital development is also

receiving significant attention. Educational

institutions and training programs

are being aligned with the needs of

emerging industries, equipping the

workforce for the demands of a post-oil

economy with expertise in renewable

energy engineering, hydrogen technologies,

advanced materials, and digital

systems, so the transformation is sustainable

over the long term rather than

dependent solely on imported expertise.

Despite these advances, the transition

remains complex. Hydrocarbon revenues

still play a substantial role in the

national economy, and global energy

markets continue to fluctuate, creating

both opportunities and risks. Balancing

short-term fiscal stability with long-term

diversification requires careful policy

coordination and sustained investment

discipline.

The UAE’s shift beyond oil reflects a

strategy to secure economic resilience

through clean energy and industrial

innovation. Investing in solar power,

hydrogen, advanced manufacturing,

and digital technologies, the country is

reducing dependence on hydrocarbons

while building new global strengths.

Supported by strong institutions and

sovereign investment, this transition

is gradual but steady, positioning the

UAE not just as an energy producer,

but as a leader in sustainable growth.


Energy News

Arab Energy Fund Appoints Banks For Potential $500M Five-Year Sukuk Sale

The Arab Energy Fund (TAEF)

has appointed a consortium of

banks to organise fixed-income

investor calls beginning on June 9, 2026.

Following these discussions, TAEF

may launch a benchmark-sized U.S.

dollar-denominated senior unsecured

sukuk worth $500 million under its

trust certificate issuance Program,

depending on market conditions. The

proposed five-year sukuk is expected

to mature in June 2031. The initial

pricing guidance has been set at 80

basis points over SOFR mid-swaps.

Bank ABC, BMO Capital Markets,

Citi, Crédit Agricole CIB, Emirates

NBD Capital, KFH Capital, Standard

Chartered (B&D), and the Islamic Corporation

for the Development of the

Private Sector have been selected as

joint lead managers and bookrunners

for the potential transaction. The anticipated

sukuk is expected to receive

ratings of Aa2 from Moody’s and AA+

from Fitch.

Mubadala Expands

Energy, AI And Asia

Focus Amid Global

Uncertainty

Mubadala is strengthening its

commitment to long-term

investments despite growing

global uncertainty, increasing its focus

on sectors such as energy, artificial

intelligence and Asian markets. The

Abu Dhabi sovereign investor believes

these industries will continue to offer

strong growth opportunities even as

geopolitical and economic challenges

intensify worldwide. The investment

firm sees AI, energy transition projects

and expanding Asian economies as

key drivers of future returns. At the

same time, it is maintaining a cautious

and disciplined investment strategy to

navigate changing market conditions

and shifting international policies.

Company executives noted that the

current global environment presents

a mix of challenges and opportunities

for institutional investors.

UAE and India Sign AI, Energy and Defense Deals

as Emirates NBD Commits USD 3B

The UAE and India have reinforced

bilateral relations after signing

agreements focused on energy,

AI and Defense cooperation, while

Emirates NBD announced a USD 3B

investment commitment in India. The

agreements were finalised during Indian

PM Narendra Modi’s visit to Abu Dhabi,

where discussions with UAE President

Mohamed bin Zayed Al Nahyan Centerd

on expanding strategic collaboration

across key sectors. Both countries

QatarEnergy is moving swiftly

to restore its liquefied natural

gas (LNG) export operations

following severe disruptions caused

by regional attacks that damaged key

facilities at Ras Laffan, the world’s

largest LNG export hub. The company

is mobilising engineering teams,

restarting affected infrastructure and

working to resume shipments as global

energy markets closely monitor supply

risks. Earlier strikes reduced Qatar’s

LNG export capacity by around 17 per

cent, forcing the declaration of force

majeure on some long-term contracts

and raising concerns among major

buyers in Asia and Europe. Despite

the setbacks, QatarEnergy has resumed

the movement of several LNG

cargoes and is prioritising efforts to

stabilise exports, reinforcing Qatar’s

signed partnerships covering Defense,

advanced technology, maritime security

and AI innovation, alongside initiatives

strengthening energy security and

economic ties.

The UAE also agreed to expand its

participation in India’s strategic petroleum

reserves through a partnership

involving Abu Dhabi National Oil Company

and Indian Strategic Petroleum

Reserves Limited, increasing crude oil

storage capacity.

QatarEnergy Accelerates LNG Export Recovery

as Global Supply Concerns Mount

position as one of the world’s leading

LNG suppliers while supporting global

energy security.


MENA Poised to Attract $642B in Clean Energy Investment

The Middle East and North Africa

(MENA) region is emerging as

a major destination for clean

energy investment, with announced

projects expected to attract as much

as $642 billion in funding. The surge is

being driven by large-scale renewable

energy, hydrogen, carbon capture and

industrial decarbonization initiatives

as governments accelerate economic

diversification and net-zero ambitions.

Countries including the UAE, Saudi

Arabia, Oman and Egypt are leading

the push through ambitious national

strategies and infrastructure projects

aimed at strengthening energy security

while creating new growth sectors.

The region hosts dozens of clean

industry projects helping position

MENA as a global hub for sustainable

energy development. Growing investor

confidence, supportive policies and

renewable resources are expected to

boost project activity, reinforcing the

region’s role in the global energy transition

and industrial transformation.

Qatar Joins Global Alliance

to Safeguard Undersea

Cables and Energy Infrastructure

Qatar has joined the United Kingdom,

Singapore and 15 other

nations in a new international

initiative aimed at strengthening the

protection of critical underwater

infrastructure, including subsea telecommunications

cables and energy

networks. The framework, known as

the Guiding Principles for Underwater

Infrastructure Defense Exchanges

(GUIDE), was launched during the

Shangri-La Dialogue in Singapore and

seeks to enhance cooperation among

participating countries on security,

resilience and information sharing. The

voluntary agreement brings together

nations from Europe, the Middle East,

Oceania and Southeast Asia as concerns

grow over threats to infrastructure

that underpins global communications,

electricity transmission and energy

supplies. Officials said disruptions to

undersea networks can have far-reaching

economic and security consequences,

making international collaboration

increasingly important.

Petrofac Completes Sale of UAE Business

Petrofac has finalised the sale of

its UAE-based engineering and

construction business, Petrofac

Emirates, to a consortium led by Mason

Capital Management and Pearlstone

Alternative, marking a step in the

company’s restructuring. The transaction

establishes Petrofac Emirates

as a standalone, debt-free company

positioned for growth across the UAE

and wider MENA region. The business

includes Petrofac’s core engineering

and construction operations and teams

across the UAE and India, ensuring

continuity for existing contracts and

customer relationships. Petrofac Group

Chief Executive Tareq Kawash will become

CEO of Petrofac Emirates under

its new ownership. The deal follows

the sale of Petrofac’s Asset Solutions

division and represents another milestone

in reshaping operations.

ENOC Partners with Allied Biofuels to Advance

Sustainable Aviation Fuel Supply

ENOC Group has signed a memorandum

of understanding with Allied

Biofuels Holding to explore the

offtake and distribution of Sustainable

Aviation Fuel (SAF) and Electro-synthetic

Sustainable Aviation Fuel (e-SAF) across

local, regional and international markets.

The agreement will support the development

of a long-term supply pathway for

cleaner aviation fuels sourced from Allied

Biofuels’ production facility currently

under development in Uzbekistan. Under

the partnership, both companies will

establish a joint working group to assess

commercial feasibility and pave the way

for a future supply agreement ahead of

the facility’s launch. The initiative aligns

with the UAE’s Sustainable Aviation Fuel

Roadmap 2030 and Net Zero 2050 Strategy,

reinforcing efforts to decarbonise the

aviation sector while strengthening the

country’s position as a regional hub for

sustainable fuel solutions.


Wheels

PREMIUM REDEFINES FAMILY ELECTRIC MOBILITY


201 km/h

Top Speed

681 km (WLTP)

Range

5.0 s

0–100 km/h

Tesla has introduced the Model Y L Premium,

a new six-seat variant of its bestselling

Model Y, designed to deliver greater space,

versatility, and practicality for families. Featuring

an extended wheelbase and a unique three-row

configuration, the electric SUV offers enhanced

passenger comfort and increased cargo capacity

without compromising performance. Available

to order in the United Arab Emirates from AED

224,990, the Model Y L Premium combines longrange

capability with advanced technology and

everyday usability.

The Model Y L Premium features a wheelbase

extended by 150 mm and an overall length

increased by 179 mm, creating a significantly

roomier cabin. An optimized roof design adds

70 mm of second-row headroom, while the third row has been

engineered to comfortably accommodate taller passengers. Larger

rear doors improve access, expanded rear quarter windows

enhance visibility, and the redesigned body architecture delivers

up to 2,539 litres of cargo capacity, allowing owners to easily

switch between passenger and storage needs.

Inside, the cabin offers three spacious rows finished with

premium handcrafted textiles in a quiet, refined environment.

Heated and ventilated front seats are paired with a 16-inch central

touchscreen and a 50W wireless charging pad with active cooling.

Second-row captain’s chairs feature heating, ventilation, power

adjustment, powered armrests, one-touch folding, and an 8-inch

touchscreen for climate and entertainment controls. The third

row includes power reclining seats, dedicated climate control,

charging ports, and one-touch folding. Acoustic glass, 19-inch

Machina 2.0 wheels, and a 19-speaker premium audio system

further elevate comfort for every occupant.

Safety and performance remain central to the Model Y L Premium.

The SUV is equipped with comprehensive side curtain

airbags, dedicated third-row airbags, reinforced floor beams, and

a new integrated die-cast rear underbody for enhanced structural

rigidity. Standard driver assistance features include Autosteer,

Traffic-Aware Cruise Control, and Automatic Emergency Braking,

while the vehicle is hardware-ready for Full Self-Driving (Supervised).

Electronic damping and adaptive suspension deliver a

refined driving experience, enabling 0–100 km/h acceleration in

5.0 seconds, a top speed of 201 km/h, and a WLTP driving range

of up to 681 km for confident long-distance family travel.


Business


A CEO reviews AI-driven analytics dashboards, transforming data into actionable business strategies and growth.

AI as a CEO’s Strategic

Partner: Driving

Productivity and Smarter

Decision-Making

AI Empowers CEOs with Real-Time Insights,

Enhancing Productivity, Innovation, and Strategic

Decision-Making

Artificial intelligence is redefining leadership

in the digital age, evolving from an

operational tool into a strategic partner

for business executives. As organizations

generate unprecedented volumes of data,

CEOs are increasingly turning to AI to

gain deeper insights, improve productivity,

and make faster, more informed

decisions. From forecasting market trends

and managing risks to optimizing workforce

strategies and enhancing customer

experiences, AI is helping leaders navigate

a rapidly changing business landscape.

By combining advanced analytics with

human expertise, AI empowers executives

to focus on innovation and long-term

growth, creating a more agile, efficient,

and competitive enterprise.


Artificial intelligence is rapidly

moving beyond its role as a

back-office technology tool to

become a trusted strategic partner in

the executive suite. Across industries,

CEOs are increasingly leveraging AI

to enhance productivity, improve

decision-making, identify growth opportunities,

and navigate an increasingly

complex business environment.

Rather than replacing leadership, AI is

augmenting it, enabling executives to

make faster, more informed decisions

while focusing on long-term vision and

innovation.

The modern CEO operates in a landscape

defined by constant change.

Economic volatility, evolving customer

expectations, technological disruption,

and geopolitical uncertainty require

leaders to process vast amounts of

information and respond quickly.

Traditional decision-making methods

often struggle to keep pace with the

volume and velocity of data generated

by today’s digital economy. AI addresses

this challenge by transforming raw

data into actionable insights, helping

executives identify patterns, forecast

outcomes, and evaluate risks with

unprecedented speed.

One of AI’s most valuable contributions

is its ability to enhance strategic

planning. Advanced analytics platforms

can examine historical performance,

market trends, competitor activity, and

customer behavior simultaneously. By

synthesizing these inputs, AI enables

leadership teams to test multiple business

scenarios and predict potential

outcomes before committing resources.

This data-driven approach reduces

uncertainty and allows organizations

to make strategic decisions based on

evidence rather than intuition alone.

Productivity gains are another key

benefit driving AI adoption among senior

executives. Administrative tasks

such as preparing reports, summarizing

meetings, reviewing contracts, monitoring

compliance requirements, and

generating business intelligence can

consume significant executive time.

AI-powered assistants can automate

many of these activities, delivering

concise insights and recommendations

within seconds. As a result, CEOs and

leadership teams can devote more

attention to innovation, stakeholder

engagement, and long-term growth

initiatives.

AI is also reshaping how organizations

manage talent and workforce planning.

Human resources departments are using

AI-driven analytics to identify skills

gaps, forecast hiring needs, improve

employee retention, and personalize

learning opportunities. For CEOs, these

insights provide a clearer understanding

of workforce dynamics and help align

talent strategies with broader business

objectives. In an era where attracting

and retaining skilled professionals

remains a critical challenge, AI offers

leaders a powerful tool for workforce

optimization.

Customer-centric decision-making

is another area where AI is delivering

significant value. Businesses now have

access to vast amounts of customer

data generated through digital interactions,

transactions, social media

engagement, and support channels.

AI can analyze this information in

real time to identify emerging preferences,

predict purchasing behavior,

and uncover unmet needs. CEOs can

use these insights to refine products,

improve customer experiences, and

develop targeted growth strategies that

strengthen competitive positioning.

Risk management has emerged as a

particularly important application of

AI in the boardroom. Organizations

face a growing range of threats, from

cybersecurity risks and supply chain

disruptions to regulatory changes

and market fluctuations. AI systems

can continuously monitor internal

and external data sources, detecting

anomalies and providing early warnings

before issues escalate. This proactive

approach enables leadership teams to

respond more effectively and build

greater organizational resilience.

Financial decision-making is also

becoming increasingly data-driven

through AI adoption. Predictive models

can forecast cash flows, evaluate

investment opportunities, identify

cost-saving measures, and optimize

resource allocation. For CEOs overseeing

complex organizations, these

capabilities provide greater visibility

into financial performance and support

more informed capital deployment

decisions. By reducing uncertainty

and improving forecasting accuracy, AI

helps leaders balance growth ambitions

with financial discipline.

The rise of generative AI is further

expanding the technology’s role in

executive decision-making. Modern AI

systems can summarize lengthy reports,

generate strategic recommendations,

draft communications, and assist with

research on industry developments.

These capabilities enable CEOs to

access relevant information more

efficiently and evaluate options more

comprehensively. Rather than spending

hours gathering data, executives can focus

on interpreting insights and making

decisions that create long-term value.

AI is not a replacement for human

judgment; empathy, ethics, and

The adoption of artificial

intelligence is enabling

organizations to make

smarter decisions,

improve operational

efficiency, and unlock

new opportunities for

sustainable economic

growth.”

H.E. Omar Sultan Al Olama, UAE Minister

of State for Artificial Intelligence, Digital

Economy, and Remote Work Applications

creativity remain essential. Successful

organizations combine AI’s analytical

power with human expertise, using AI

as a trusted advisor while executives

retain decision-making authority.

Governance and oversight are critical,

ensuring AI strengthens rather than replaces

confident, insightful leadership.


Interview

MANOJ SUREKA

CEO & Managing Partner,

Synergy Fin. Consulting


Alternative Finance: Unlocking

Growth

Manoj Sureka is a seasoned expert in banking, finance, and business funding advisory. As the Managing Partner at Synergy

Fin. Consulting, he specializes in raising funds through private equity, debt, and trade finance, while advising on mergers, acquisitions,

business sales and purchases, and joint ventures. With deep insights into the finance industry, he is a trusted voice

helping businesses navigate complex financial landscapes.

Exclusive Interview

Q: Alternative finance has gained significant

momentum in recent years.

What is driving this?

Businesses today operate in a much

faster and more dynamic environment

than ever before. While banks continue

to play a vital role in the financial ecosystem,

many SMEs and growing corporates

require quicker approvals, greater

flexibility, and funding solutions tailored

to their specific business cycles. Alternative

finance providers, including fintech

lenders, private credit funds, invoice financing

platforms, and revenue-based

financiers, have emerged to bridge this

gap by offering faster access to capital

with technology-driven underwriting and

streamlined processes.

Q: How would you define alternative

finance, and what are the key funding

options available to businesses today?

Alternative finance refers to funding solutions

outside conventional bank lending.

These include invoice financing, receivables

discounting, supply chain finance,

trade finance, equipment leasing, revenue-based

financing, venture debt, private

credit, crowdfunding, and private equity.

Each serves different business needs,

whether it’s improving working capital,

funding expansion, acquiring assets, or

supporting strategic growth initiatives.

Q: Which types of businesses are best

positioned to benefit from alternative

funding?

Alternative finance is particularly valuable

for SMEs, high-growth companies, startups,

exporters, importers, manufacturers,

healthcare providers, retailers, logistics

companies, hospitality businesses, and

technology firms. Companies with strong

cash flows but limited collateral or short

operating histories often find alternative

funding more accessible and better aligned

with their growth objectives.

Q: What are some of the biggest misconceptions

surrounding alternative

finance?

One of the biggest misconceptions is that

alternative finance is only for businesses

that have been declined by banks. In reality,

many financially healthy companies use

alternative funding strategically because

it offers speed, flexibility, and specialized

financing structures. Increasingly,

businesses are using alternative finance

alongside traditional banking facilities

as part of a diversified funding strategy.

Q: How is technology transforming

the alternative finance industry?

Technology has revolutionized the lending

process. Artificial intelligence, machine

learning, digital onboarding, open banking,

and automated credit assessment have

significantly reduced approval times while

improving the customer experience. Businesses

today can access funding faster,

complete applications digitally, and receive

more data-driven funding decisions.

Q: What should business owners consider

before selecting an alternative

funding solution?

Businesses should first identify the purpose

of the funding, whether it’s working

capital, expansion, acquisitions, trade

finance, or equipment purchases. They

should also assess the overall financing

cost, repayment flexibility, funding speed,

security requirements, and the reputation

of the funding provider. Selecting the right

funding structure is often more important

than simply obtaining capital.

Q: How do alternative finance providers

complement traditional banks

rather than compete with them?

Alternative finance providers fill gaps

where conventional banking may not always

be the best fit. While banks continue

to serve long-term financing and established

lending relationships, alternative

providers specialize in faster execution,

short-term working capital, receivables

financing, supply chain finance, and flexible

funding structures. Together, they

create a stronger and more comprehensive

financing ecosystem.

The future

of business

financing is not

about choosing

between banks

and alternative

lenders—it’s

about selecting

the right capital

at the right time

for sustainable

growth ”


Business News

UAE Franchise Sector Grows as Global Industry Tops 2 MN Businesses

The UAE is consolidating its position

as a global franchising hub, with an

increasing number of international

brands choosing the country as a platform

for regional and international expansion,

according to the Emirates Franchise

Association. Industry leaders said the

sector continues to benefit from the UAE’s

investor-friendly business environment,

advanced infrastructure, and diversified

AD Ports Completes

Largest Acquisition

with $834 MN Brazil

Ports Deal

Abu Dhabi-based AD Ports Group has

agreed to acquire Brazilian agribulk

terminal operator Corredor

Logística e Infraestrutura (CLI) in a

transaction valued at AED3.1 billion

($835 million), marking the company’s

largest acquisition to date and its first

expansion into Latin America. The deal

provides AD Ports Group with control of

one of Brazil’s largest independent agribulk

port platforms. Moreover, it offers

strategic access to one of the world’s most

important agricultural export markets.

The acquisition is expected to close in

the second half of the year, subject to

regulatory and antitrust approvals. As a

result, AD Ports Group will significantly

expand its international footprint while

strengthening its presence in the global

agrifood logistics sector. CLI operates

two major export terminals under longterm

concessions. These include CLI

Sul at the Port of Santos, Brazil’s leading

sugar export terminal and a major hub

for soybean and corn exports.

economy. Consequently, franchising is

playing an increasingly important role in

supporting entrepreneurship, attracting

foreign investment, and accelerating the

development of small and medium-sized

enterprises (SMEs).

Ali Mohamed Al Marzooqi, Director-General

of the Abu Dhabi Chamber, said

franchising remains a major contributor

to the global economy.

SpaceX IPO Set to Value Company at a Record

$1.77T

SpaceX priced its initial public

offering at $135 per share, offering

555.6 million shares and valuing the

company at approximately $1.77 trillion,

the largest stock market listing on record.

The aerospace and technology company

said it intends to offer 555.6 million

shares at $135 each. Elon Musk will not

sell any of his personal holdings as part

of the IPO, the company said. Following

completion of the offering, Musk is

expected to maintain an 82.4% voting

majority, thereby preserving effective

control over the company’s strategic

direction and governance. The planned

flotation represents a significant milestone

for SpaceX as it seeks to access public

markets while maintaining founder-led

control. Moreover, the proposed valuation

would place the company among the

world’s most valuable publicly traded

businesses.

DMCC Offers License Discounts of 25%

More than 26,000 companies

operating within Dubai’s DMCC

business district could benefit

from License discounts, fee waivers and

new incentives under a support package

designed to reduce costs and support

business growth.

The initiative aims to improve cash flow,

strengthen resilience and help companies

expand amid increasingly competitive

global market conditions. Moreover, the

package combines financial incentives,

regulatory flexibility and administrative

relief measures for both existing and new

businesses. At the core of the Program

are incentives designed to encourage

longer-term commitments from existing

members. Companies renewing their

Licenses can receive a 15% discount for

two-year renewals, a 20% discount for

three-year renewals and a 25% discount

for five-year renewals.


UAE’s e& to Sell Careem Stake to Uber for $100M

Emirates Telecommunications

Group Company PJSC (e&) has

signed a binding agreement with

Uber Technologies to sell a portion of

its Careem Technologies shareholding

for $100 million in cash. Under the

agreement, e& will divest 12.5% of its

50.03% stake in Careem. As a result, the

group will retain a 37.53% ownership

interest following completion of the

transaction. The deal also includes

reciprocal future purchase rights

between the two companies. Under

the terms, e& holds a put option that

entitles it to require Uber to acquire its

remaining Careem shares. Conversely,

Uber holds a call option allowing it to

purchase those shares. Both options

may be exercised during the period

from December 1, 2031, to January

31, 2032. The agreement comes as

Careem continues to strengthen its

position in the UAE market. Over

the past two years, the company has

recorded significant growth across its

core business segments.

Dubai Holding Selects

15 Global Startups For

Future Tech Challenge

Dubai Holding has shortlisted

15 high-potential startups from

more than 1,400 applications

spanning 93 countries for the second

edition of its Innovate For Tomorrow

impact accelerator, a program designed

to advance circular economy innovation

and sustainability. The selected

scale-ups will compete for a prize pool

and pilot funding worth AED850,000

(approximately USD231,000), while

gaining access to mentorship, investor

networks and opportunities to test

their solutions within Dubai Holding’s

business ecosystem. The initiative,

delivered in partnership with in5 and

BOLT, focuses on tackling challenges related

to food waste, resource recovery,

regeneration and digital sustainability.

Applications were assessed based on

innovation, scalability, market validation

and relevance to the UAE market.

The program supports the UAE Circular

Economy Policy 2031 and Net Zero 2050

ambitions, reinforcing Dubai’s position

as a global hub for entrepreneurship,

innovation and sustainable technology

development.

Abu Dhabi Security Exhibition Records 19%

Increase in Exhibitors

Abu Dhabi 2026 has attracted

strong international participation

and a broad global presence,

reinforcing its status as a key

international platform dedicated to

national security and risk prevention,

according to Saeed bin Khadem Al

Mansoori, Advisor for Military and

Defense Exhibitions at ADNEC Group.

Al Mansoori stated that the ninth edition

of the International Exhibition

for National Security and Resilience

(ISNR Abu Dhabi 2026) features 253

companies from around the world, with

international exhibitors accounting

for 40 percent of participants and

representing 37 countries. He added

that this year’s edition has welcomed

participation from nine new countries,

highlighting the exhibition’s expanding

global footprint and growing influence

within the international security and

risk management sector.

Hub71 Ecosystem Expands As Abu Dhabi

Startups Secure USD2.7B

Abu Dhabi’s startup ecosystem

continued its rapid growth in

2025, with companies supported

by Hub71 raising more than USD2.7B

in funding as the innovation platform

expanded to 390 startups. The community

attracted entrepreneurs from

around the world, reinforcing Abu

Dhabi’s position as a leading destination

for technology, venture capital

and innovation-driven businesses.

Hub71 reported strong growth across

sectors including fintech, healthtech,

artificial intelligence and climate

technology, supported by strategic

partnerships, investor networks and

government-backed initiatives. The

ecosystem also generated new employment

opportunities and contributed to

the emirate’s economic diversification

agenda. Increased access to capital,

mentorship Programs and global market

connections helped startups scale faster

and expand internationally.


50 Most Influential Business Women 2026


Behind every headline number this year

sits a plan put in place years earlier.

Property markets setting new records.

Banks turning higher profits even as

interest rates fell. Foreign investors

choosing the UAE again, for a fourth

year running. Here’s how it all connects.


Cover Story

How the UAE turned

selective global capital into

record growth


Patrick Global Ngan capital has became spent more over selective two decades in 2025 moving – flowing between back corporate into growth finance after three and lean the digital years, but asset concentrating

world. His

career in a narrower spans investment set of destinations banking that roles could at UBS, match ABN ambition AMRO, with and strong Huatai fundamentals. International, The where UAE he didn’t advised just

on make IPOs that and shortlist. M&A deals It kept across climbing Asia and it. Record the United property States. sales. As an Bank entrepreneur, profits rising he even co-founded as interest Nova rates Vision fell.

Acquisition A fourth straight Corp and year led of record its Nasdaq foreign IPO, investment. along with It’s Alchemy tempting Pay, to a call cryptocurrency this luck. It isn’t. payment It reflects platform years now of building listed

on a more Coinbase diversified and Binance, economy as that well doesn’t as QFPay rely International.

any single engine of growth – and the data from 2026 suggest that

strategy Today, is as paying Chief Investment off. Officer of Zeta Network Group, Ngan oversees global investment strategy and institutional

digital-asset treasury operations, with a focus on bringing institutional-grade governance, compliance, and

risk The management UAE Central to Bank the digital expects asset the space. economy In this to grow exclusive 5.6% interview, 2026, matching Patrick 2025’s discusses pace, how with institutions non-oil sectors should now

approach contributing digital an estimated assets, the 78% evolution of GDP, of according Bitcoin as to a the treasury Ministry instrument, of Economy and and why Tourism. governance, Those not are speculation,

the headline

should numbers. drive The institutional deeper story adoption. lies in the Drawing sector-level on data, his experience where real across estate, Hong banking Kong, and foreign New York, investment Singapore, illustrate and

Tokyo, what resilience he offers looks a measured like in practice. perspective on what distinguishes experimentation from operational integration.

Real Estate: Records, Not Rebounds

Dubai and Abu Dhabi didn’t just recover

in 2026 – they reset the bar. Dubai’s

real estate transactions reached AED

252 billion ($68.7 billion) in the first

quarter alone, according to the Dubai

Land Department, up 31% year-on-year in

transaction value and 6% in transaction

volume across 60,303 transactions. The

quarter saw 48,448 property investors,

including 29,312 first-time investors, while

foreign real estate investment climbed

26% to AED 148.35 billion. Abu Dhabi

posted similarly strong momentum, with

residential deals surging 119% year-onyear,

according to JLL Research.

The momentum held through the first

half. Combined apartment and villa sales

value rose 173.9% to more than AED 84.4

billion ($23 billion), with transaction volumes

up 103% to 16,585 deals, according

to an ADXinteract analysis cited by the

state news agency WAM. Dubai alone recorded

more than $77.8 billion in property

sales in H1 2026 – its second-highest halfyear

total on record – while the value of

newly launched projects exceeded $74.8

billion, the largest half-year pipeline of

new developments in the emirate’s history.

What makes this more than a hot streak

is the composition of demand. Growth is

increasingly supported by self-financed

buyers, long-term residents and international

investors rather than short-term

speculation. Analysts at Savills and

Cavendish Maxwell note the market is

moderating slightly from its recent peak,

with buyers becoming more selective on

quality, location and developer reputation.

That’s not a warning sign. It’s what

a maturing market looks like – less froth,

more staying power.

Banking: Profit Growth Without the

Rate Tailwind

Banking is where “resilient” gets its clearest

proof point, because the sector grew

despite losing its most obvious advantage.

The Central Bank cut its base rate three

times between September and December

2025, compressing the net interest

margins banks typically lean on. And yet

UAE banks kept growing.

Total banking sector assets crossed

AED 5.55 trillion by the end of Q1 2026,

up from AED 5.4 trillion at the start of

the year, according to the Central Bank

of the UAE. More striking: the country’s

ten largest listed banks posted an 11.1%

quarter-on-quarter increase in net income

in Q1 2026, with sector-wide return on

equity climbing to 18.7% from 16.9% the

previous quarter, according to Alvarez &

Marsal’s UAE Banking Pulse. Non-performing

loan ratios fell to 2.3%, among

the healthiest in the region, with coverage

ratios strengthening to 110%.

The UAE’s banking

and financial

sector continues to

demonstrate the highest

levels of resilience and

stability.”

H.E. Khaled Mohamed Balama, Governor,

Central Bank of the UAE

The reason banks grew profit while

margins shrank: diversification, applied

at the balance-sheet level too. Non-interest

income rose 23.9% quarter-on-quarter,

driven by a 16.5% jump in fee and

commission income – banks leaning on

services and digital transaction volume

rather than lending spreads alone. Several

institutions also pointed to AI-driven efficiency

gains, with First Abu Dhabi Bank

reporting productivity improvements of

up to 20% following an enterprise-wide

agentic AI rollout.

The Central Bank has also been proactive

rather than reactive – rolling out

a five-pillar resilience package in March

2026 that expanded liquidity access and

extended over AED 6.2 billion in loan

deferrals and related relief measures for

over 65,000 customers. It’s the kind of

policy groundwork that rarely attracts

attention in calm conditions but helps

preserve stability when markets become

more uncertain.

Foreign Direct Investment: The Record

That Keeps Extending

If one number captures “Built for Growth,”

it’s this: the UAE attracted $48.3 billion

(AED 177.3 billion) in foreign direct investment

in 2025 – a fourth consecutive

year of record inflows, a 6% increase yearon-year,

and enough to rank the country

ninth globally for inbound FDI, according

to UNCTAD’s World Investment Report

2026, released by the Ministry of Investment.

The UAE also retained its position

as the world’s second-largest destination

for greenfield FDI projects for a third

consecutive year, with 1,562 announced

projects in 2025.


Cover Story

The UAE’s FDI stock now stands at AED

1.171 trillion. Foreign investment into the

country has compounded at 24% annually

between 2021 and 2025 – a growth rate

few global economies can match, at any

scale. The Middle East as a whole posted

the world’s fastest growth in greenfield

investment expenditure in 2025, up 72.4%,

and the UAE alone accounted for 38% of

that regional total.

What’s changed isn’t just the volume of

capital – it’s its composition. Investment

has diversified across sectors and broadened

in geographic origin, with advanced

economies increasingly prominent among

top sources, a signal of confidence in

the UAE’s regulatory frameworks. The

startup ecosystem matured alongside the

macro story: average deal sizes nearly

doubled to $9.2 million as companies

moved from early funding rounds into

serious scale-up capital.

These figures are not

merely economic

indicators, but the

outcome of a national

vision, the dedication

of a unified team, and

the global trust placed

in a nation that turns

ambition into reality.”

Sheikh Mohammed bin Rashid Al Maktoum,

Vice President and Prime Minister

of the UAE

Global FDI staged a genuine comeback

in 2025, rising 6% to roughly $1.6 trillion

after three years of decline. But the recovery

was uneven: flows into developed

economies climbed 11%, while developing

economies saw growth of just 2%,

with the world’s top 20 host economies

capturing more than 80% of the total. In

other words, capital came back – but it

came back pickier, rewarding a smaller

group of markets that could demonstrate

real stability. The UAE was one of them,

and it didn’t just hold its place among

that group – it kept climbing within it.

Built for Growth: What Comes Next

Every one of these numbers points toward

the same underlying thesis: the UAE built

resilience into its growth model years

before this year tested it. Real estate,

banking, and foreign investment aren’t

three separate success stories – they’re

three expressions of the same diversification

strategy that predates 2026.

The forward targets make the ambition

explicit. The National Investment Strategy

2031 aims to lift annual FDI inflows to

$65 billion and total FDI stock to roughly

AED 2.2 trillion – both meaningfully

above where the country stands today.

In trade, the UAE’s expanding network

of Comprehensive Economic Partnership

Agreements is targeting AED 4 trillion in

non-oil trade by 2031, building on non-oil

foreign trade that already surpassed AED

3.8 trillion in 2025.

None of this is a forecast dressed up as

certainty. It’s a pattern – one built sector

by sector, quarter by quarter, and, this

year in particular, demonstrated under

conditions that would have exposed a

less diversified economy. Resilience isn’t

the opposite of growth. In the UAE’s case

this year, it’s the mechanism for it.


Over the past years, the UAE’s consistency in

attracting record levels of FDI inflows – expanding

at a compound annual growth rate of 24% between

2021 and 2025 - has reflected the strength of the

choices we have made as a nation.”

Mohamed Hassan Alsuwaidi, UAE Minister of Investment

Data sources: Central Bank of the UAE; Dubai Land Department; UAE Ministry of Economy and Tourism;

UAE Ministry of Investment; UNCTAD; Alvarez & Marsal; JLL Research; Savills; Cavendish Maxwell.


Investment


Sovereign wealth funds drive innovation, infrastructure, and sustainable growth across global markets.

Sovereign Wealth

Funds and the New Era

of Global Investment

Opportunities

Investing today’s national wealth to Power

tomorrow’s Global Economic Opportunities.

Sovereign wealth funds (SWFs) have become

powerful forces in global finance,

managing trillions of dollars on behalf of

governments and future generations. Once

primarily focused on preserving national

wealth, these state-owned investment

vehicles are now playing a strategic role

in shaping industries, funding innovation,

and supporting sustainable development

worldwide. As economic priorities evolve

and markets become increasingly interconnected,

sovereign wealth funds are

expanding beyond traditional asset classes

to pursue opportunities in technology,

infrastructure, renewable energy, and

private markets. Their growing influence

is transforming investment landscapes

and creating new pathways for long-term

economic growth and value creation.


Sovereign wealth funds (SWFs)

have emerged as some of the

most influential investors in the

global financial landscape. Originally

established to manage surplus revenues

from natural resources, trade surpluses,

or foreign exchange reserves, these

state-owned investment vehicles have

evolved into sophisticated institutions

that shape markets, industries, and

long-term economic trends. With assets

under management exceeding trillions

of dollars worldwide, sovereign wealth

funds are playing a pivotal role in

financing innovation, infrastructure,

sustainability, and economic transformation

across regions.

The growing prominence of SWFs

reflects a broader shift in the global

investment environment. Traditional

investment destinations such as public

equities and government bonds continue

to attract capital, but sovereign

investors are increasingly seeking

opportunities that offer long-term

value creation, resilience, and strategic

importance. This evolution is reshaping

capital flows and opening a new era

of investment opportunities for both

developed and emerging economies.

One of the most notable trends

among sovereign wealth funds is their

increasing allocation to alternative

assets. Private equity, venture capital,

real estate, infrastructure, and

technology investments now form

a substantial portion of many SWF

portfolios. These asset classes offer

the potential for higher returns and

greater diversification compared to

traditional investments. As a result,

sovereign investors are becoming major

stakeholders in transformative industries

ranging from artificial intelligence

and renewable energy to biotechnology

and advanced manufacturing.

Technology has become a central

focus for sovereign wealth funds

worldwide. Governments recognize

that digital innovation will be a key

driver of future economic growth and

competitiveness. Consequently, SWFs

are investing heavily in technology

companies, startups, and innovation

ecosystems. Investments in artificial

intelligence, cloud computing, cybersecurity,

fintech, and semiconductor

manufacturing are becoming increasingly

common. By backing emerging

technologies, sovereign funds not only

seek financial returns but also gain

exposure to sectors that will shape

future economies.

Sustainability is another defining

characteristic of the modern sovereign

wealth fund strategy. Environmental,

social, and governance (ESG) considerations

have moved from being optional

investment criteria to becoming core

elements of portfolio management.

Sovereign investors are allocating

capital to renewable energy projects,

The UAE continues to

strengthen its position as

a global investment hub

by fostering innovation,

economic diversification,

and sustainable growth.”

His Excellency Abdulla bin Touq Al Marri,

UAE Minister of Economy

sustainable infrastructure, green hydrogen

initiatives, and climate-focused

technologies. These investments align

with global efforts to reduce carbon

emissions while providing access to

industries expected to experience

significant long-term growth.

Infrastructure investment has also

become a major area of interest. Governments

around the world face substantial

funding gaps in transportation, energy,

water, telecommunications, and urban

development projects. Sovereign wealth

funds, with their long investment horizons

and significant capital reserves,

are uniquely positioned to finance

large-scale infrastructure initiatives.

Investments in ports, airports, renewable

energy facilities, digital networks,

and smart city developments provide

stable returns while contributing to economic

development and job creation.

The rise of sovereign wealth funds

is particularly significant for emerging

markets. Many developing economies

require substantial investment to

modernize infrastructure, diversify

industries, and strengthen economic

resilience. Sovereign investors increasingly

view these markets as attractive

destinations due to favorable demographics,

rising consumer demand,

and strong long-term growth potential.

Strategic investments in sectors such

as logistics, healthcare, technology,

and renewable energy are helping

accelerate economic development

while generating opportunities for

international investors. Cross-border

partnerships have become another

hallmark of the new sovereign investment

era. Rather than acting solely

as passive financial investors, SWFs

are increasingly collaborating with

governments, private equity firms,

multinational corporations, and institutional

investors. These partnerships

enable the sharing of expertise, risk

management capabilities, and access

to new markets. Co-investment models

have become especially popular,

allowing sovereign funds to participate

in large transactions while leveraging

the knowledge and networks of experienced

investment partners.

Economic diversification remains

a key objective for sovereign wealth

funds, particularly in resource-rich

nations reducing dependence on oil

and gas revenues. By investing globally

across industries and geographies, these

funds reduce reliance on commodity

cycles while generating sustainable

income for future generations, a strategy

evident across the Middle East.

Geopolitical shifts and supply chain

restructuring are shaping investment

strategies, with funds diversifying

toward energy security, food security,

technology, and infrastructure to enhance

resilience and competitiveness.

Beyond financial markets, sovereign

wealth funds signal confidence that

attracts private capital, supporting

long-term projects with significant

economic benefits, making them key

catalysts for innovation and global

capital market growth.


M&A News

UAE M&A Activity Shows Resilience Amid 37% Decline in Deal Volume

The UAE’s mergers and acquisitions

(M&A) landscape demonstrated

strong resilience during the first

quarter of 2026, maintaining investor

confidence despite a challenging geopolitical

environment. Recent findings

indicate that strategic dealmaking

activity remains steady, supported by

the country’s attractive investment climate

and long-term growth prospects.

Across the Middle East, a total of 196

M&A transactions valued at USD23.3B

were announced during the quarter.

While this represented a decline from

the 207 deals worth USD31.3B recorded

during the same period last year, the

region continued to attract significant

investment interest. Within the UAE,

33 transactions were completed with

a combined value of USD2.2B.

Robo.ai Plans $60m

Acquisition of QC

Capital to Expand AI

Ecosystem

UAE-based AI technology company

Robo.ai has announced a

proposed acquisition of QC Capital

Limited in an all-share transaction

valued at approximately $60 million,

as it seeks to strengthen its position

in the global artificial intelligence and

robotics sector. The deal would see Robo.

ai acquire 100 percent of QC Capital,

an AI-driven technology holding and

venture-building platform focused on

areas including artificial intelligence,

robotics, digital infrastructure, smart

cities and autonomous driving. The

company said the acquisition is expected

to enhance its capabilities in

venture incubation, capital allocation,

cross-border mergers and acquisitions,

and technology investment. Structured

with performance-linked share releases

tied to long-term revenue targets,

the transaction is designed to align

shareholder interests while supporting

Robo.ai’s broader strategy of building

a global AI robotics network platform.

Middle East M&A Activity Hits $23.3bn Despite

UAE Deal Slowdown

The Middle East recorded 196

merger and acquisition (M&A)

deals worth a combined $23.3

billion in the first quarter of 2026,

demonstrating continued resilience despite

regional geopolitical uncertainty.

While overall deal value and volume

declined from 207 deals worth $31.3

billion a year earlier, investor appetite

remained strong across key markets.

The UAE accounted for 33 transactions

valued at $2.2 billion, marking a 37

percent drop in deal volume compared

Saudi-based foodtech company

has completed the full acquisition

of Norma, a digital procurement

platform serving the food and beverage

sector, marking a strategic step in

expanding its restaurant technology

ecosystem. The deal follows Foodics’

earlier investment in Norma and is

aimed at integrating procurement,

supply chain management, and purchasing

operations more closely into

its platform. By bringing Norma fully

into its portfolio, Foodics plans to

offer restaurant operators a seamless

solution covering point-of-sale systems,

payments, inventory management, and

supplier sourcing. The acquisition

supports Foodics’ broader vision of

digitising restaurant operations across

the Middle East and helping businesses

to the same period in 2025. According

to Ansarada’s latest M&A analysis,

the decline reflects a strategic recalibration

of capital deployment rather

than weakening confidence. Across

the Gulf, sovereign wealth funds, economic

diversification initiatives, and

infrastructure investments continued

to support dealmaking. Technology

led regional activity with 68 deals

worth $7.3 billion, while transportation

emerged as the largest sector by value

at $8.2 billion.

Foodics Acquires Norma to Strengthen Restaurant

Procurement Ecosystem

improve efficiency, control costs, and

streamline procurement processes.


Driven Properties’ Assets Under Management Reach AED 2bn

Driven Properties has expanded

its assets under management

(AUM) portfolio to more than

AED 2 billion, reflecting the company’s

rapid growth in Dubai’s real estate

sector and demand for professional

property management services. The

milestone has been driven by strategic

acquisitions, portfolio expansions, and

growing investor confidence in the

UAE property market. The company

MGX Explores Billion-Dollar

Acquisition of Data

Center Operator DayOne

Abu Dhabi-backed artificial intelligence

investor MGX is evaluating

a potential multi-billion-dollar

acquisition of Singapore-based data

Center operator DayOne, in a move that

could significantly expand its global

AI infrastructure footprint. Sources

familiar with the matter said MGX has

been working with an investment bank

on the possible transaction, although

discussions remain confidential and no

agreement has been reached. DayOne,

which operates data Centers across

Southeast Asia, Hong Kong, Japan and

Finland, has reportedly been pursuing

a US initial public offering targeting

a valuation of around $20 billion. The

potential deal would mark MGX’s first

major acquisition in Asia and aligns

with its strategy of investing across the

AI value chain, including data Centers,

advanced computing infrastructure and

semiconductor technologies. Sources

cautioned that negotiations are ongoing

and DayOne could still proceed with

its IPO plans.

said the achievement strengthens its

position as a leading real estate and

asset management firm, supporting

property owners, investors, and

residents through technology-driven

solutions and operational expertise.

Driven Properties has continued to

invest in infrastructure, talent, and

service innovation as it broadens its

footprint across residential, commercial,

and mixed-use developments.

Investcorp Acquires Majority Stake in UK Facilities

Management Firm

Bahrain-based alternative investment

manager Investcorp has agreed to

acquire a majority stake in Smart

Managed Solutions, a fast-growing UK

provider of mechanical and electrical

facilities management services. The

transaction marks another addition

to Investcorp’s expanding portfolio of

business services investments and is

aimed at supporting Smart’s next phase

of growth. Under the agreement, the

company’s co-founders will retain a

Dubai-listed Amanat Holdings has

completed the acquisition of the

remaining 10.03 percent stake in

Cambridge Health Group (CHG) for AED

105 million, securing full ownership of

the GCC’s leading post-acute care, rehabilitation,

and long-term care provider.

The transaction concludes a phased

acquisition strategy that saw Amanat

increase its stake from approximately 87

percent to 90 percent earlier this month

before acquiring the outstanding shares.

significant minority stake and continue

to lead the business. Smart provides

critical facilities management solutions

to commercial properties across the

UK and has built a strong reputation

for delivering engineering-led maintenance

services. Investcorp said the

acquisition aligns with its strategy of

investing in high-quality businesses with

strong growth potential and recurring

revenue streams.

Amanat Takes Full Ownership of Cambridge

Health Group in AED 105M Deal

CHG operates a network of healthcare

facilities across the UAE and Saudi Arabia

and has been a key driver of Amanat’s

healthcare growth strategy. The company

reported record financial performance

in 2025, generating AED 404 million in

revenue and AED 100 million in EBITDA.

Amanat said full ownership will support

further expansion, including capacity

growth and new healthcare services,

reinforcing its long-term commitment

to the region’s healthcare sector.


FinTech


Agentic AI empowers UAE financial institutions to deliver smarter, faster, and autonomous services.

Agentic AI and

Autonomous Finance:

The Next Frontier in

Financial Services

The UAE is Pioneering the Future of Finance

through Intelligent Automation and AI-driven

Decision-Making

The UAE is accelerating its transformation

into a global hub for artificial intelligence

and digital finance, creating new opportunities

for innovation across the financial

services sector. As financial institutions

seek greater efficiency, agility, and customer-centric

solutions, Agentic AI is emerging

as a game-changing technology. Unlike

traditional AI systems that rely on human

prompts, Agentic AI can independently

analyze data, make decisions, and execute

complex financial tasks. Combined with

the rise of autonomous finance, these

intelligent systems are poised to reshape

banking, wealth management, insurance,

and fintech, positioning the UAE at the

forefront of the next financial revolution.


The United Arab Emirates is rapidly

positioning itself as a global

leader in artificial intelligence,

digital transformation, and financial

innovation. As the country advances its

vision of a knowledge-based economy,

Agentic AI and autonomous finance

are emerging as powerful technologies

capable of reshaping the future

of financial services. Moving beyond

traditional automation, Agentic AI

enables intelligent systems to make

decisions, execute actions, and continuously

adapt to changing conditions

with minimal human intervention.

For the UAE’s banking, investment,

insurance, and fintech sectors, this

evolution represents the next frontier

of financial innovation.

The UAE has already established

itself as one of the region’s most advanced

digital economies. Government

initiatives, supportive regulations, and

significant investments in emerging

technologies have accelerated the

adoption of artificial intelligence across

industries. Financial institutions operating

in the UAE are increasingly exploring

AI-driven solutions to improve

efficiency, enhance customer experiences,

strengthen risk management,

and support economic diversification

goals outlined in national development

strategies.

Agentic AI differs significantly from

conventional AI systems. Traditional

AI assists users by providing insights

or recommendations, while Agentic

AI can independently plan, analyze,

and perform complex tasks to achieve

specific objectives. In financial services,

these intelligent agents can continuously

monitor markets, evaluate financial

opportunities, assess risks, and execute

transactions based on predefined goals

and regulatory requirements.

One of the most promising applications

in the UAE is wealth management.

The country is home to a growing population

of high-net-worth individuals,

family offices, sovereign investors, and

international asset managers. Agentic AI

can help manage investment portfolios

by monitoring global markets in real

time, rebalancing assets, identifying

opportunities, and adjusting strategies

according to changing economic

conditions. This level of automation

enables more efficient portfolio management

while maintaining alignment

with investor objectives.

The UAE’s thriving fintech ecosystem

is also expected to benefit significantly

from autonomous finance. AI-powered

financial agents can assist consumers

with budgeting, savings, bill payments,

investment planning, and debt management.

Rather than requiring individuals

to manually manage multiple financial

activities, intelligent agents can proactively

optimize financial decisions

based on spending patterns, income

Artificial Intelligence is

no longer a technology of

the future; it is a strategic

tool for enhancing

government performance,

boosting economic

competitiveness,

and shaping a more

prosperous future.”

H.H. Sheikh Mohammed bin Rashid Al

Maktoum, Vice President, Prime Minister of

the UAE and Ruler of Dubai

levels, and long-term goals. This has

the potential to improve financial inclusion

and accessibility across diverse

customer segments.

Digital banking is another area where

Agentic AI is gaining momentum. Banks

in the UAE are increasingly integrating

AI into customer service, fraud detection,

compliance, and operational

processes. Autonomous financial agents

can provide personalized banking

experiences, automate routine transactions,

monitor account activity, and

recommend financial products tailored

to individual needs. As customer expectations

continue to evolve, AI-driven

banking services are becoming a key

differentiator in a highly competitive

market.

The UAE’s ambition to become a

global hub for digital assets and advanced

financial technologies further

strengthens the case for autonomous

finance. Intelligent agents can support

cryptocurrency portfolio management,

digital asset monitoring,

tokenized investment platforms, and

blockchain-based financial services.

By combining AI capabilities with

emerging financial infrastructure,

institutions can create more efficient

and responsive investment ecosystems.

Corporate finance is another area undergoing

transformation. Businesses

operating in the UAE increasingly require

real-time financial intelligence to

navigate global markets and economic

uncertainties. Agentic AI can assist

with treasury management, cash flow

forecasting, financial reporting, and

strategic planning. By continuously

analyzing internal and external data,

autonomous systems can help organizations

make faster and more informed

financial decisions.

Risk management and fraud prevention

remain critical priorities for

financial institutions, with AI-powered

agents providing continuous transaction

monitoring, identifying suspicious

activity, and reducing compliance

costs. The insurance sector is exploring

autonomous finance, using AI to

automate underwriting, claims, and risk

assessment while improving efficiency.

Regulatory innovation supports this

growth, with the UAE establishing

forward-looking frameworks and

sandboxes that allow institutions to

test and deploy AI responsibly. This

complements the UAE’s broader AI

strategy, strengthening its position

as a hub for investment and talent.

As digital transformation continues,

Agentic AI is becoming central to

banking, insurance, and fintech, automating

processes and unlocking growth.

Supported by government initiatives,

the UAE is positioned to lead financial

innovation, driving competitiveness

and reinforcing its status as a global

financial hub.


Corporate Results

Aldar Properties

FY’25 Net Profit: AED 8.8

Billion

Aldar delivered record 2025 financials,

with full‐year net profit after tax rising

36% year‐on‐year to 8.8 billion dirhams,

and net profit before tax reaching

10.0 billion dirhams, up 45%. Group

revenue jumped 47% to 33.8 billion

dirhams, while EBITDA climbed 46%

to 11.2 billion dirhams, driven by

realisation of a large development

revenue backlog and expansion of its

investment‐property portfolio. Annual

group sales hit an unprecedented 40.6

billion dirhams amid robust demand

for UAE and international projects,

reinforcing Aldar’s status as a leading

regional developer.

Borouge

FY’25 Net Profit: $1.1 Billion

Borouge reported outstanding 2025 net

profit of 1.1 billion dollars, reaffirming its

position as one of the world’s most profitable

polyolefins producers. Management

highlighted record sales volumes and

production above nameplate capacity,

supported by strong operational excellence

and disciplined cost control. The

company maintained industry‐leading

EBITDA margins thanks to advantaged

feedstock, scale, and a premium product

mix enabled by Borstar technology. Borouge

also reiterated its intention to pay

a 16.2‐fils‐per‐share dividend for FY25,

underscoring its commitment to attractive

shareholder returns.

AD Ports Group


Billion

AD Ports Group posted record 2025

revenue of 20.77 billion dirhams, up

20% year‐on‐year, supported by strong

performance in its Ports, Economic

Cities & Free Zones, and Maritime

& Shipping clusters. Total net profit

rose 16% to 2.07 billion dirhams, while

EBITDA increased 12% to about 5.07

billion dirhams, with margins improving

to roughly 26%. The group achieved

positive free cash flow for the first

time since its 2022 listing, reflecting

improved capital efficiency and scaling

of international operations. Growth was

driven by higher container throughput,

expanded general‐cargo volumes, and

an additional 3.3 square kilometres of

industrial land leases at KEZAD.

Saudi Arabian Mining

Company (Maaden)

FY’25 Net Profit: SAR 7.35

Billion

Maaden’s 2025 sales rose to 38.58 billion

Saudi riyals from 32.55 billion riyals

in 2024, reflecting stronger prices and

volumes across phosphate, Aluminum,

and gold. Net income surged to about

7.35 billion riyals, up from 2.87 billion

riyals, with basic EPS increasing to 1.91

riyals versus 0.78 riyals a year earlier.

Profit growth was driven by higher

gross profit, increased contributions

from joint ventures and associates

including a one‐off bargain‐purchase

gain related to its investment in Aluminum

Bahrain plus lower finance

costs. These positives partially offset

higher operating expenses, additional

expected‐credit‐loss allowances, and

increased zakat, tax, and severance fees.

Etihad Airways


Billion

Etihad Airways reported its highest‐ever

full‐year profit for 2024, with profit

after tax of 1.75 billion dirhams (about

476 million dollars), more than triple

its 2023 result. Total revenue rose 25%

to around 25.3 billion dirhams, driven

by a 25% surge in passenger revenue

and a 24% increase in cargo revenue to

4.16 billion dirhams. The airline carried

18.5 million passengers, up roughly

32%, while EBITDA reached 4.7 billion

dirhams, a 32% year‐on‐year increase,

reflecting improved efficiency and an

optimised fleet and network. Management

described the performance as a

significant turnaround, positioning

Etihad for continued growth within

the GCC long‐haul aviation market.

Dubai Investments PJSC


Billion

Dubai Investments reported 2025 profit

before tax of 1.70 billion dirhams, a 31%

increase versus 1.30 billion dirhams in

2024. Net profit after tax attributable

to shareholders rose to 1.55 billion

dirhams from 1.21 billion dirhams,

supported by higher rental income,

fair‐value gains, and stronger asset

quality across its diversified portfolio.

Earnings per share climbed to 0.36 dirhams,

up 28.6% year‐on‐year, reflecting

improved returns for investors. Total

income reached 4.63 billion dirhams,

underscoring the group’s ability to grow

earnings even as property sales moderated,

thanks to contributions from

manufacturing, financial investments,

and other non‐real‐estate segments.


Sharjah Islamic Bank

(SIB)


Billion

Sharjah Islamic Bank recorded 2025 net

profit of 1.31 billion dirhams, up 25.7%

from 1.04 billion dirhams in 2024, marking

another year of strong growth. Total operating

income reached about 675 million

dollars equivalent, a 14% year‐on‐year increase,

supported by higher income from

Islamic financing and sukuk investments.

In the first half of 2025 alone, profit after

tax rose 25% to 697.2 million dirhams

versus 558.7 million dirhams in the prior‐year

period, highlighting sustained

momentum. SIB’s results reflect resilient

asset growth, stable funding, and solid

operating fundamentals within the UAE’s

Islamic‐banking sector.

National Bank of Bahrain

(NBB)

FY’25 Net Profit: BHD 85.1

Million

National Bank of Bahrain reported

record net profit attributable to shareholders

of 85.1 million Bahraini dinars

(about 225.7 million dollars) for 2025,

a 4% increase over 81.9 million dinars

in 2024. Basic and diluted earnings

per share from continuing operations

rose to 0.038 dinars from 0.036 dinars

a year earlier, reflecting improved

profitability. The bank attributed the

performance to higher net interest

income and diversified non‐interest

revenue streams, supported by a resilient

balance sheet. Although total

comprehensive income attributable

to shareholders declined 9% to 82.7

million dinars, the 2025 profit was the

highest in NBB’s history, underscoring

its strong franchise.

NBK‐Bahrain (National Bank

of Kuwait – Bahrain Branch)


Million

NBK‐Bahrain reported 2025 net profits

of 122.67 million Bahraini dinars (about

325.38 million dollars), compared with

139.81 million dinars (370.85 million

dollars) in 2024. Profit before tax increased

to 144.10 million dinars (382.23

million dollars) from 139.81 million

dinars, indicating stronger pre‐tax

operating performance despite higher

tax charges. The branch’s results highlight

continued profitability and solid

regional positioning for National Bank

of Kuwait in Bahrain’s financial Center.

NBK‐Bahrain remains a key contributor

to the group’s international earnings,

leveraging cross‐border corporate and

trade‐finance flows between Kuwait,

Bahrain, and wider GCC markets.

Aluminum Bahrain (Alba)


Million

Aluminum Bahrain reported full‐year

2025 profit of 218.7 million Bahraini

dinars (about 581.6 million dollars),

according to its annual financial report.

The result underscores Alba’s

continued profitability as one of the

world’s largest Aluminum smelters.

Management’s 2025 communication

framed the year as a strong financial

period for the company, reflecting its

ability to navigate global commodity‐price

cycles while sustaining positive

earnings. Alba’s performance continues

to play a significant role in Bahrain’s

industrial and export base.

Saudi Electricity Company

(SEC)

9M’25 Net Profit: SAR 11.6

Billion

Saudi Electricity Company reported net

profit of 11.6 billion Saudi riyals for the

first nine months of 2025, compared

with 12.1 billion riyals in the same period

of 2024, a 4.6% decline. Operating

revenues rose 17.6% to 78.3 billion

riyals, driven by expansion of the regulated

asset base of the grid and higher

generation revenues to meet growing

demand. Gross profit increased 10.1%

to 17.7 billion riyals, while operating

profit grew 1.4% to 16.1 billion riyals,

reflecting stable operating efficiency.

Higher financing costs tied to funding

major capital‐expansion projects

weighed on bottom‐line growth, even

as SEC continued record investment

in Saudi Arabia’s energy transition.

Gulf International Bank

(GIB)

9M’25 Net Profit: $140.2

Million

Gulf International Bank reported net

income attributable to shareholders

of 140.2 million dollars for the period

ended September 30, 2025, up 11% from

126.4 million dollars a year earlier.

Third‐quarter 2025 net profit was 48.0

million dollars, a 27% increase compared

with 37.9 million dollars in Q3 2024,

reflecting strong momentum. The bank

cited higher non‐interest income and

improved operating performance as

key contributors to earnings growth.

GIB’s results demonstrate its ability to

strengthen profitability and diversify

revenue across the GCC despite a

changing interest‐rate and regulatory

environment.


Infographic

Abu Dhabi

Construction

At A Glance:

38,623 Active Licenses

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) reports that the emirate’s construction

sector is entering a new phase of growth — driven by higher-value systems, advanced delivery

models, and stronger private-sector participation.

Sector Growth

Momentum

38,623 active construction Licenses by February

2026, up from 38,219 at the end of 2025

New business registrations rose 66% year-onyear

in 2025, reaching a record ~8,700

Active construction members increased 24.8%

over the same period

New memberships grew at a CAGR of 27.8%

from 2019 to 2025

Market Shift

Highlights

Shift from volume-driven construction to integrated,

technology-enabled delivery

Most value creation now happens downstream,

in engineered, ready-to-install systems

Rising adoption of modular construction,

low-carbon materials and AI-enabled project

controls

Value Chain At A Glance

Abu Dhabi’s construction export strength spans all three tiers:

Upstream

Clay, Limestone

Raw materials

Midstream

Ductwork, Valves

Processed components

Downstream

UPS, DBs & Switchgear

Engineered systems


Active Licenses

February 2026

38,623

Sector Growth Indicators

New Registrations

Record, +66% YoY 2025

8,700

Active Members

YoY growth, 2025

+24.8%

Five-Year Membership Trend

27.8%

Compound annual growth in new construction memberships, 2019–2025

Near-term project pipeline is led by:

Active Lic Energy

Major developments

Data Centers

Specialized industrial

Mfg. Facilities

Advanced manufacturing

Value Chain Shift

Value creation is moving downstream, into engineered, ready-to-install systems:

Upstream Midstream Downstream

Raw

Materials

→

Processed

Components

Clay · Limestone Ductwork · Valves UPS Solutions · DBs & Switchgear (LV

Panels) · MEP

→

Engineered

Systems

Value today comes from integration, quality, and

certainty of delivery, not just scale.”

— H.E. Ali Mohamed Al Marzooqi,

Director General,

ADCCI

Source: Abu Dhabi Chamber of Commerce and Industry (ADCCI) – Abu Dhabi’s Construction Sector report


Fintech News

Mawarid Finance, Athar Launch Stablecoin Payment Cards

Mawarid Finance has entered

into a strategic partnership

with Athar Finance to introduce

stablecoin-powered payment cards in

the UAE, marking a significant step

toward integrating digital assets into

everyday financial transactions. The

collaboration aims to bridge the gap

between cryptocurrency holdings and

real-world spending, enabling users to

Changer.ae and

DeScript Labs Join

Forces to Boost Crypto

Payments

Changer.ae has signed a memorandum

of understanding with

DeScript Labs to explore a digital

asset payment framework that allows

businesses in the UAE to accept cryptocurrency

while receiving settlements

in UAE dirhams. The collaboration

combines Changer.ae’s regulated custody,

conversion, and compliance

capabilities with DeScript Labs’ merchant

payment technology, including

its PayTheFly platform. The initiative

aims to bridge the gap between digital

assets and traditional financial systems

by offering merchants a seamless way

to accept crypto payments without

direct exposure to market volatility.

The proposed solution is expected

to benefit sectors such as real estate,

automotive, and luxury retail, where

demand for alternative payment methods

continues to grow.

make purchases through cards backed

by stablecoins. Designed in line with

Islamic finance principles, the initiative

combines blockchain innovation with

Shariah-compliant services, offering a

regulated framework for digital asset

usage. Announced at the Mawarid Fintech

Summit, the partnership reflects

the UAE’s growing role as a global

fintech hub.

Dubizzle Backs Tern to Digitize UAE Rent Payments

and Reward Tenants

Dubizzle Group has made a strategic

investment in UAE-based

rental rewards platform Tern,

strengthening its presence in the proptech

and fintech sectors while advancing

the digital transformation of

the country’s rental market. Through

the partnership, Tern’s platform will

be integrated exclusively into Bayut

and dubizzle, enabling tenants to pay

rent using credit cards while earning

reward points redeemable across retail,

travel, and lifestyle brands. Founded

in 2024 and launched in 2025, Tern has

rapidly expanded its footprint and now

processes more than AED 150 million

in annualised rent payment volume.

The investment aligns with Dubizzle

Group’s broader strategy of extending

its property ecosystem beyond listings

Lean Technologies has expanded

its Pay by Bank solution in the

UAE, leveraging the country’s

newly operational Open Finance framework

to accelerate the adoption of

account-to-account (A2A) payments.

The enhanced platform brings deposits,

collections, checkout, and subscription

payments together under a unified

suite, allowing businesses to accept

direct bank payments through regulated

infrastructure. The move is designed

to provide an alternative to traditional

card networks by reducing payment

costs, improving transaction success

rates, and enabling faster settlement

times. Lean said the expansion builds on

its existing A2A payment capabilities,

which have already processed billions

and search services into payments and

tenant experiences, offering greater

convenience, flexibility, and value

for renters, landlords, and property

managers across the UAE.

Lean Technologies Expands ‘Pay by Bank’

Offering as UAE Open Finance Framework

of dollars in transaction volume across

the UAE. The development reflects the

growing maturity of the country’s digital

payments ecosystem and supports the

wider adoption of secure, real-time

bank payments for businesses and

consumers operating within the UAE’s

evolving Open Finance landscape.


NymCard Unveils nCore FullStack to Streamline Payments Infrastructure

NymCard has launched nCore

FullStack, a comprehensive payments

infrastructure platform

designed to help banks, fintechs, and

enterprises Modernize their operations

through a single integration. The solution

combines key financial services

capabilities—including card issuing,

lending, money movement, settlement,

compliance, and reconciliation—within

one unified platform, reducing the

complexity associated with managing

multiple technology vendors. By

consolidating these functions into a

proprietary technology stack, NymCard

aims to accelerate product launches,

lower operational costs, and improve

scalability for financial institutions

across the Middle East and North Africa.

The platform also supports flexible

deployment models, including cloud,

hybrid, and on-premise environments,

addressing regional data sovereignty

requirements.

Emirates NBD

Completes Landmark

Acquisition of Stake in

India’s RBL Bank

Emirates NBD has successfully

completed its acquisition of a

majority stake in India’s RBL

Bank through a capital infusion of

approximately $2.75 billion, marking

one of the most significant cross-border

investments in the Indian banking

sector. The transaction gives the UAEbased

lender a 60 percent stake in

RBL Bank and represents the largest

foreign direct investment in India’s

banking industry, as well as the first

acquisition of a controlling interest in

a profitable Indian bank by a foreign

banking institution. The partnership

combines Emirates NBD’s regional

banking expertise and international

network with RBL Bank’s established

presence across India, creating opportunities

to strengthen trade, investment,

and financial connectivity between

the UAE and India. The capital

injection is expected to bolster RBL

Bank’s balance sheet, support future

expansion, and enhance its long-term

growth prospects.

DMCC and Tether Partners to Advance Blockchain

Education and Tokenization

The Dubai Multi Commodities

Center (DMCC) has signed a

memorandum of understanding

with Tether to explore opportunities in

blockchain innovation, Tokenization,

and digital asset education, reinforcing

Dubai’s ambitions to become a

leading global digital economy hub.

Under the agreement, Tether will work

with DMCC to support its network of

more than 26,000 companies through

Specialized workshops, advisory services,

pilot Programs, and initiatives

Citi has appointed Rajeev Garg as the

new Head of Wealth for Citibank

N.A., UAE, effective June 18, 2026,

as the bank strengthens its wealth management

leadership in one of the region’s

fastest-growing financial markets. In his

new role, Garg will oversee the strategic

direction and expansion of Citi’s wealth

business in the UAE, focusing on delivering

tailored investment and advisory

solutions for affluent and high-net-worth

clients. He brings extensive experience in

wealth management, business strategy,

and execution, having held senior leadership

positions across Citi’s international

network. The appointment reflects Citi’s

focused on real-world blockchain

applications. The collaboration will

also examine the use of tokenised assets,

digital payments, and blockchain

infrastructure to enhance trade and

business operations. In addition, both

parties plan to support educational

Programs, hackathons, and industry

events through the DMCC Crypto Center.

The partnership reflects growing

institutional interest in blockchain

technology.

Citi Names Rajeev Garg as UAE Head of Wealth

to Drive Growth Strategy

continued commitment to enhancing

its wealth offering and deepening client

relationships amid rising demand

for sophisticated financial planning

services. Garg will work closely with

regional leadership teams to support

the bank’s long-term growth ambitions

and strengthen its competitive position

in the UAE wealth management sector.


BUSINESS SETUP & GROWTH

INVESTORS | FOUNDERS | INNOVATORS

The second edition of She Innovates, presented

by Finance World Magazine in partnership

with Dubai Technology Entrepreneur Campus

(DTEC), continued the momentum of this yearlong

initiative by bringing together investors,

founders and innovators to explore the future

of business, leadership, and technology.

Designed as a dynamic platform for collaboration

and knowledge sharing, the event

welcomed founders, CEOs, industry experts,

and aspiring entrepreneurs for engaging discussions

on entrepreneurship, innovation,

business growth and marketing strategies.

Hosted within the thriving DTEC ecosystem

in Dubai Silicon Oasis, the second edition reinforced

the UAE’s commitment to fostering

innovation, empowering businesses, and cultivating

meaningful connections that inspire

the next generation of leaders.

Empowering the Next Generation of Entrepreneurs

The second edition of She Innovates spotlighted Entrepreneurship and Business

Growth, bringing together founders, business leaders, and marketing experts to explore

what it takes to transform ideas into successful ventures. Through practical conversations,

the event unpacked the realities of building businesses from the ground up and navigating

the challenges of sustainable growth.

At its core, She Innovates continued to champion entrepreneurial leadership and

knowledge-sharing, creating a platform where experienced founders and industry

experts shared real-world insights on business strategy, leadership, innovation, and

resilience. From validating ideas and building high-performing teams to overcoming earlystage

challenges, the discussions inspired aspiring entrepreneurs to take confident steps

toward building their own ventures.

The audience reflected this entrepreneurial

spirit, with a diverse mix of aspiring

founders, startup entrepreneurs, marketing

professionals, business leaders, and

innovation enthusiasts, fostering an

environment of collaboration, practical learning,

and meaningful networking. Through engaging

conversations on entrepreneurship and effective

marketing strategies, the second edition

reinforced She Innovates’ mission to empower

individuals with the knowledge, connections,

and confidence to build businesses that create

lasting impact.

Panel 1: From Idea to Execution:

Building a Business From the Ground

Up

The first panel of the day explored the

entrepreneurial journey from concept to

execution, bringing together accomplished

founders and business leaders to share honest

insights on building, growing, and sustaining a

successful business. The discussion highlighted

the realities of entrepreneurship, from validating

ideas and overcoming early challenges to

securing resources, building strong teams, and

creating businesses designed for long-term

success.

Moderator: Dr. Ghenwa Habbal, Founder & Chief Executive

Architect, Dr. Ghenwa Habbal Advisory Institute

Panelists:

Zeyneb Larabi, Global Travel Retail Leader & Entrepreneur, LAB

HUB STUDIOS

Esha D’Souza, CEO & Partner, Corporate Group

Aureen Reddy, Founder & CEO, AURRIA Real Estate

Nisreen Shocair, Founder & CEO, Shocase and Art of Guitar

Panel 2: Building Buzz: Marketing

Strategies That Actually Work for New

Businesses

The second panel of the day focused on the

marketing strategies that help startups and

emerging businesses stand out in a competitive

landscape. Industry experts shared practical

insights on building strong brands, creating

meaningful customer connections, and leveraging

content, social media, and personal branding

to drive sustainable business growth. The

discussion also explored common marketing

pitfalls, measuring success, and scaling efforts as

businesses evolve.

Moderator: Insiya Shahna, Marketing Consultant and

Entrepreneur, The Kind Crew

Panelists:

Dana El Majzoub, Senior Corporate Communications and Brand

Manager, Bosch Middle East

Kelly Lundberg, Global Personal Brand Strategist & Storyteller,

Brand YOU Creators

Grishma Apte, General Manager, myAlfred LLC

Marilena Hadgianni, Co-founder & CMO, Yaya Middle East

Nikita Phulwani, Founder & CEO, Mumkin Marketing Management

An Inspiring Close to the Second

Edition

The event concluded with a vibrant networking

session, where founders, industry leaders,

aspiring entrepreneurs, and marketing

professionals continued conversations beyond

the stage. The collaborative atmosphere

reflected the essence of She Innovates, bringing

together diverse perspectives, fostering

meaningful connections, and empowering the

next generation of business leaders. The second

edition reinforced the platform’s commitment to

creating a community where ideas evolve into

opportunities, partnerships, and lasting impact.

Healthcare


AI-driven technologies are transforming UAE healthcare, enabling smarter diagnostics and personalized patient care.

AI in Healthcare:

Transforming

Diagnostics, Operations,

and Patient Care

How Artificial Intelligence is Powering the Next

Generation of Healthcare in the UAE.

Artificial Intelligence (AI) is rapidly transforming

the healthcare landscape in the

United Arab Emirates, supporting the nation’s

vision of becoming a global leader

in innovation and digital transformation.

From enhancing diagnostic accuracy and

streamlining hospital operations to enabling

personalized treatment and remote

patient monitoring, AI is revolutionizing

how healthcare services are delivered.

Government initiatives, smart healthcare

strategies, and investments in advanced

technologies have accelerated AI adoption

across the sector. As healthcare providers

seek to improve efficiency, patient outcomes,

and accessibility, AI is emerging

as a critical tool in building a smarter,

more resilient, and future-ready healthcare

system in the UAE.


The United Arab Emirates (UAE)

is rapidly emerging as a regional

leader in healthcare innovation,

with Artificial Intelligence (AI) playing

a central role in the sector’s transformation.

Driven by the country’s vision

to become a global hub for technology

and innovation, healthcare providers

across the UAE are increasingly adopting

AI-powered solutions to improve

diagnostics, streamline operations,

enhance patient experiences, and

support better clinical outcomes. As

the nation continues to invest in digital

health infrastructure, AI is helping

shape a more efficient, accessible, and

patient-centric healthcare ecosystem.

The UAE government has placed technology

at the heart of its development

strategy, recognizing AI as a key enabler

of future healthcare advancements.

Initiatives such as the UAE National

Strategy for Artificial Intelligence

and broader digital transformation

programs have encouraged healthcare

institutions to embrace advanced technologies.

Public and private healthcare

providers are leveraging AI to address

challenges such as rising healthcare

costs, growing patient populations,

and increasing demand for specialized

medical services.

One of the most significant areas

where AI is making an impact is diagnostics.

Healthcare facilities across

the UAE are deploying AI-powered

systems to assist clinicians in detecting

diseases more accurately and efficiently.

Advanced algorithms can analyze

medical images, laboratory data, and

patient histories to identify potential

health conditions at an early stage. In

radiology, AI is helping doctors detect

abnormalities in X-rays, CT scans, and

MRI images, enabling faster diagnosis of

conditions such as cancer, cardiovascular

diseases, and respiratory disorders.

Early detection often leads to better

treatment outcomes and improved

patient survival rates.

The UAE’s focus on preventive

healthcare is also benefiting from AI

technologies. Predictive analytics tools

can identify individuals who may be at

risk of developing chronic diseases such

as diabetes, hypertension, and heart

disease. By analyzing patient data and

lifestyle factors, healthcare providers

can intervene earlier and recommend

preventive measures. This proactive

approach aligns with the UAE’s broader

We look forward to the

next 50 years, in which

our health services will

be built on innovation,

future exploration, and

AI utilization through

smart services that reach

patients wherever they

are.”

H.E. Abdulrahman bin Mohamed Al Owais,

Minister of Health and Prevention, UAE

goal of improving population health

while reducing the long-term burden

on healthcare systems.

AI is also transforming hospital operations

and administrative functions.

Healthcare organizations generate vast

amounts of data daily, and managing

this information efficiently is critical

for delivering quality care. AI-driven

automation is helping hospitals optimize

appointment scheduling, patient

registration, billing processes, and

medical record management. These

technologies reduce administrative

workloads, minimize errors, and enable

healthcare professionals to spend more

time focusing on patient care.

In addition, AI-powered predictive

models are helping hospitals improve

resource management. By analyzing

historical and real-time data, healthcare

facilities can forecast patient admissions,

optimize staff deployment, and

better allocate medical equipment and

resources. This capability is particularly

valuable during periods of increased

demand, helping hospitals maintain

high standards of care while improving

operational efficiency.

Telemedicine has become another

major area of AI-driven growth in the

UAE. The country has witnessed a significant

expansion of virtual healthcare

services in recent years, supported by

advanced digital technologies. AI-powered

virtual assistants and chatbots

are enabling healthcare providers to

offer round-the-clock support, answer

patient inquiries, provide symptom assessments,

and schedule appointments.

These tools improve accessibility to

healthcare services while reducing the

pressure on medical staff.

Remote patient monitoring is also

gaining momentum across the UAE.

Wearable devices and connected health

platforms allow healthcare providers

to continuously monitor patients with

chronic conditions. AI systems analyze

data collected from these devices,

detecting potential health risks and

alerting medical professionals when

intervention may be required. This

approach helps reduce hospital visits,

improves disease management, and

enhances patient quality of life. It is particularly

beneficial for elderly patients

and individuals living in remote areas

who may face challenges accessing

healthcare facilities regularly.

Personalized medicine is a promising

AI application in UAE healthcare,

combining patient records, genetic

data, and clinical information to develop

tailored treatments that improve

effectiveness and reduce adverse reactions.

Pharmaceutical sectors are also

benefiting, with AI accelerating drug

discovery and trial analysis.

Despite these opportunities, AI integration

presents challenges, including

data privacy, cybersecurity, and workforce

training. AI should complement

rather than replace healthcare professionals,

since human judgment remains

irreplaceable, making systems vital for

patient trust.

AI is poised to become a cornerstone

of the UAE’s healthcare transformation,

improving diagnostic accuracy and

patient care. Supported by government

initiatives, AI will help build a worldclass

system expanding access to a

healthier future.


Healthcare News

UAE Company Invests $100M in Animal Health

Al Khayyat Investments (AKI) has

unveiled a strategic investment

of $100 million to establish

VetHealth, a dedicated veterinary

business division designed to enhance

access to animal healthcare services

and solutions across the region. The

announcement comes as the veterinary

healthcare market in the Middle East

and Africa is forecast to grow to $6.91

billion by 2033, fuelled by rising pet

ownership and increasing demand

for improved livestock productivity.

AKI said the investment underscores

its view that animal health is essential

to strengthening food security,

supporting public health, and driving

sustainable economic growth. The

Emirati family-owned conglomerate

said the creation of VetHealth aligns

with its broader vision of contributing

to key national priorities.

Sultan Bin Abdulaziz

Humanitarian City

Earns HIMSS Stage-7

Saudi Arabia’s Sultan Bin Abdulaziz

Humanitarian City has achieved

HIMSS Electronic Medical Record

Adoption Model (EMRAM) Stage

7 status, the highest level of digital

maturity awarded to healthcare Organizations.

The recognition reflects the

institution’s success in implementing a

fully integrated, paperless healthcare

environment supported by advanced

electronic medical records, data analytics

and clinical decision-support

tools. EMRAM Stage 7 is granted to

hospitals that demonstrate seamless

digital workflows, effective use of

patient data and technology-driven

improvements in care quality, safety and

operational efficiency. The achievement

highlights the city’s commitment to

innovation and digital transformation

in healthcare, reinforcing its position

as a leading rehabilitation and Specialized

care provider in the region.

The milestone also aligns with Saudi

Arabia’s broader efforts to Modernize

healthcare services and advance the

objectives of Vision 2030.

Saudi SMC Healthcare unit wins $1B

government-backed hospital operations

A

subsidiary of Saudi healthcare

provider SMC Healthcare has

secured a government contract

worth approximately SAR3.8 billion

($1 billion) to manage and operate the

SABIC Behavioral Care Specialist Hospital

under a public-private partnership

model. The agreement, awarded by the

Ministry of Health, will run for 15 years

and covers the operation, maintenance

and management of the facility. The

hospital includes 150 inpatient beds,

The National Insurance Company

– Daman has highlighted the

importance of preventive eye

care, stressing that early detection

and routine screenings play a crucial

role in protecting long-term vision and

overall health. Drawing on claims data,

the insurer noted that many people

may be living with undiagnosed eye

conditions, particularly those with

19 outpatient clinics and six day-care

units focused on behavioural and

mental healthcare services. Under the

deal, the SMC unit will oversee clinical

and non-clinical services, including

rehabilitation, addiction treatment

and aftercare Programs. The project

supports Saudi Arabia’s healthcare

transformation plans and Vision 2030

goals by expanding access to Specialized

mental health services across the

Kingdom.

Daman Urges Regular Eye Screenings to

Improve Long-Term Vision and Health

chronic illnesses such as diabetes.

The findings showed most eye-health

cases are linked to diseases rather than

injuries, with diabetes, cataracts and

dry eye syndrome among the leading

causes. Daman said regular eye examinations

can help identify problems early,

reducing complications and vision loss,

while continuing to promote awareness

through wellness initiatives.


Thumbay Labs celebrates 25 years of diagnostics excellence in the UAE

Thumbay Labs has marked its

25th anniversary in the UAE,

highlighting a quarter-century

of growth from a single laboratory

into the country’s largest network of

academic diagnostic laboratories. The

milestone coincides with the network

securing ISO 15189:2022 accreditation,

adding to its existing College of

American Pathologists accreditation

and reinforcing its commitment to

UAE Introduces New Emiratization

Rules Healthcare

The UAE has introduced revised

Emiratization requirements for

private healthcare providers,

mandating that half of their annual

Nationalization targets be fulfilled

through Specialized healthcare roles

such as doctors, nurses and allied

health professionals. The new rules

apply to private healthcare facilities

employing 50 or more staff and are

intended to increase Emirati participation

in clinical and technical healthcare

positions rather than concentrating

recruitment in administrative functions.

Compliance with the updated

requirements will be assessed from the

start of 2027, with financial penalties

applicable to Organizations that fail to

meet the targets. The move forms part

of the UAE’s broader Emiratization

strategy and was developed jointly by

the Ministry of Human Resources and

Emiratization and the Ministry of Health

and Prevention. Authorities said the

measure will help build a sustainable

national healthcare workforce while

creating long-term career opportunities

for Emiratis.

quality in medical testing. Since 2001,

Thumbay Labs has expanded across

the Northern Emirates, supporting

millions of patients and delivering

diagnostic services across a range of

specialties. The network played a key

role during the COVID-19 pandemic,

operating as a regional testing Center.

Thumbay Labs plans further expansion

and innovative diagnostic technologies

to improve patient care.

DoH and Sanofi Join Forces to Accelerate Vaccine

Innovation and Development

The Department of Health – Abu

Dhabi (DoH) has entered into a

strategic partnership with global

biopharmaceutical company Sanofi to

advance vaccine innovation, strengthen

research capabilities and support the

development of next-generation vaccines.

The collaboration will leverage Abu

Dhabi’s growing health-tech ecosystem,

advanced research infrastructure and

data-driven healthcare capabilities to

accelerate the journey from early-stage

Abu Dhabi-listed healthcare provider

Burjeel Holdings is marketing its

inaugural US dollar benchmark

Regulation S senior unsecured five-year

sukuk, to be issued under its $1.5 billion

Trust Certificate Program. The company

has appointed Citi, Emirates NBD Capital

and First Abu Dhabi Bank as joint global

coordinators. They will work alongside

Abu Dhabi Commercial Bank, Abu Dhabi

research to public availability. Both

parties will work on enhancing clinical

research, streamlining regulatory

pathways, improving manufacturing

readiness and fostering knowledge exchange

between local and international

experts. The initiative is also expected

to boost regional vaccine production

capabilities and reinforce healthcare

resilience. The agreement supports Abu

Dhabi’s ambition to become a global

life sciences and healthcare hub.

Burjeel Holdings Launches First-Ever 5-Year U.S.

Dollar Sukuk

Islamic Bank, Ajman Bank, Dubai Islamic

Bank, KFH Capital, Mashreq, RAKBANK

and Sharjah Islamic Bank, which are

serving as joint bookrunners. Emirates

NBD Capital and First Abu Dhabi Bank

have also been selected to act as the

sukuk structuring banks. A roadshow

and a series of fixed-income investor

calls began on Monday, June 22.


Global


UAE emerges as a strategic gateway connecting container ships, smart logistics hubs, and global trade routes.

Global Supply Chains

2.0: Diversification in

an Era of Geopolitical

Shifts

Global Supply Chains 2.0: Building Resilience

Through Diversification, Innovation, and

Connectivity.

Global supply chains are undergoing a

profound transformation as businesses

adapt to an increasingly complex geopolitical

and economic environment. Rising

trade tensions, shifting alliances, supply

disruptions, and evolving consumer demands

are prompting companies to move

beyond traditional efficiency-focused

models toward strategies centered on

resilience and diversification. This new

phase, often referred to as “Global Supply

Chains 2.0,” emphasizes flexibility, risk

management, and technological innovation.

In this changing landscape, the United

Arab Emirates (UAE) has emerged as a

strategic trade and logistics hub. Worldclass

infrastructure, advanced digital capabilities,

and international partnerships,

the UAE is reshaping global commerce.


As geopolitical tensions, trade

realignments, and economic

uncertainty reshape global commerce,

supply chains are undergoing a

significant transformation. Businesses

are moving away from traditional models

focused solely on cost efficiency

and embracing a new era of resilience,

diversification, and strategic flexibility.

This evolution, often described as

“Global Supply Chains 2.0,” is creating

new opportunities for countries that

can offer connectivity, stability, and

world-class infrastructure. Among

them, the United Arab Emirates (UAE)

has emerged as a key beneficiary and

facilitator of this shift, positioning

itself as a vital hub in the future of

global trade.

The disruptions caused by the

COVID-19 pandemic exposed the vulnerabilities

of highly concentrated

supply chains. Lockdowns, factory

closures, shipping delays, and labor

shortages demonstrated the risks of

relying too heavily on a limited number

of manufacturing locations. At the same

time, geopolitical developments—including

trade disputes, sanctions, and

regional conflicts—have encouraged

companies to reassess their sourcing

and logistics strategies. Businesses are

increasingly seeking diversified supply

chains that reduce dependence on any

single country or region.

The UAE has capitalized on these

changing dynamics by strengthening

its position as a global logistics and

trade gateway. Located at the crossroads

of Asia, Europe, and Africa, the

country provides access to markets

representing billions of consumers

within a relatively short transit time.

This strategic geographic advantage

has become increasingly valuable as

companies seek alternative routes and

distribution centers to mitigate supply

chain risks.

Over the past two decades, the UAE

has invested heavily in world-class infrastructure,

including ports, airports,

free zones, and logistics networks.

Facilities such as Jebel Ali Port, one

of the largest container ports in the

world, and Al Maktoum International

Airport have transformed the country

into a leading global trade and transportation

hub. These assets enable

businesses to move goods efficiently

across continents while maintaining

flexibility in an unpredictable trading

environment.

Diversification is now a central

theme in global supply chain strategies.

Companies are increasingly adopting

multi-country sourcing models and

establishing regional distribution

centers to improve resilience. The

UAE’s business-friendly environment,

advanced logistics capabilities, and

political stability make it an attractive

location for multinational corporations

seeking to diversify their operations. As

organizations explore alternatives to

traditional manufacturing and supply

chain routes, the UAE is becoming

an important node in global trade

networks.

The concept of “friendshoring”—

building supply chains among trusted

These agreements

have been strategically

crafted to invigorate

and streamline the

movement of non-oil

trade, ensuring resilient

supply chains and

fostering opportunities for

partnerships among the

business communities in

each partner country.”

H.E. Dr. Thani bin Ahmed Al Zeyoudi, UAE

Minister of State for Foreign Trade, Ministry

of Economy, United Arab Emirates

economic partners—has also gained

momentum. The UAE’s extensive network

of trade agreements and strong

diplomatic relationships with countries

across the world enhance its appeal as

a reliable supply chain partner. Through

initiatives such as the Comprehensive

Economic Partnership Agreements

(CEPAs), the UAE is strengthening

trade ties with key markets and creating

new opportunities for businesses

seeking secure and efficient access to

global markets.

Technology is playing a critical role

in the next generation of supply chains,

and the UAE is at the forefront of digital

transformation in logistics. Artificial

intelligence, blockchain, big data analytics,

and Internet of Things (IoT)

technologies are being integrated into

supply chain operations to improve visibility,

efficiency, and decision-making.

Smart ports, automated warehouses,

and digital customs systems are helping

businesses track shipments in real time

and respond quickly to disruptions.

AI-powered predictive analytics, for

example, can help companies forecast

demand fluctuations, optimize inventory

levels, and identify potential bottlenecks

before they affect operations. By

embracing digital innovation, the UAE

is enhancing its competitiveness as a

global logistics hub while supporting

businesses in building more resilient

supply chains.

The rise of e-commerce has accelerated

the need for agile, diversified

supply networks, with faster delivery

expectations pushing companies to

establish regional fulfillment centers.

The UAE’s advanced logistics ecosystem

and strategic location make it an

ideal base for e-commerce serving the

Middle East, Africa, and South Asia.

Sustainability is also key, with the UAE

investing in renewable energy and

green logistics to reduce emissions.

Industrial strategies like Operation

300bn and Make it in the Emirates are

boosting local manufacturing, positioning

the UAE as a manufacturing

and logistics hub.

Despite challenges balancing resilience

with cost efficiency, the outlook

remains positive. The UAE’s strategic

location, infrastructure, and digital capabilities

provide a strong foundation

for continued growth, positioning it at

the center of Global Supply Chains 2.0

and the future of global commerce.


Global News

DEWA International

Set to Export Dubai’s

Power and Water

Expertise Worldwide

Dubai Electricity and Water Authority

(DEWA) has launched

DEWA International, a fully

owned independent subsidiary dedicated

to developing conventional and

clean energy projects worldwide, signaling

a new chapter in Dubai’s efforts

to extend its successful power and

water infrastructure model to international

markets. The announcement

was made by Sheikh Ahmed bin Saeed

Al Maktoum, Chairman of the Dubai

Supreme Council of Energy, during

an event held at Al Shera’a, DEWA’s

new headquarters, attended by Saeed

Mohammed Al Tayer, MD and CEO

of DEWA.

The initiative comes amid growing

global demand for energy and water

infrastructure, which is projected to

surpass $20 trillion by 2035.

Dubai Chambers Boosts Trade Ties in Toronto

Dubai Chambers discussed opportunities

to strengthen trade

and investment partnerships

between Dubai and Ontario, Canada,

during a series of meetings in Toronto.

The discussions focused on supporting

Canadian companies seeking to

expand into Dubai and regional markets.

Moreover, the meetings explored

cooperation in innovation, artificial intelligence,

institutional investment and

international business development.

Eng. Sultan bin Saeed Al Mansoori,

Chairman of Dubai Chambers, and

Mohammad Ali Rashed Lootah, President

and Chief Executive Officer of

Dubai Chambers, led the delegation

during meetings with several leading

Canadian economic and investment

institutions, including Toronto Global,

the Ontario Chamber of Commerce,

the Toronto Region Board of Trade, the

Vector Institute and Ontario Teachers’

Pension Plan.

RAK Chamber, CISMEF Boost Trade Ties

Ras Al Khaimah Chamber of Commerce

and Industry has signed

a collaboration agreement with

the Office of the China International

Small and Medium Enterprises Fair

(CISMEF) in Guangdong, aiming to

strengthen trade, economic and investment

cooperation between businesses

in the emirate and China. The

agreement was signed on the sidelines

of AIM Talks in Guangzhou, one of

China’s leading industrial innovation

hubs. Dr. Rashid Khalfan Al Nuaimi,

Director-General of RAK Chamber of

Commerce and Industry, signed the

agreement alongside Jiang Xingjun,

representing CISMEF, in the presence

of Mohamed Mosbeh Al Nuaimi, Chairman

of RAK Chamber of Commerce

and Industry, and senior officials.

Etihad Credit Insurance, Export Finance Australia Sign Trade Ties MoU

Etihad Credit Insurance (ECI),

the UAE’s federal export credit

company, and Export Finance

Australia (EFA) have signed a Memorandum

of Understanding (MoU)

to expand cooperation in trade and

investment across key sectors. The

agreement supports efforts to deepen

economic ties between the UAE and

Australia while advancing opportunities

for sustainable growth. The

MoU was signed during TXF Global in

Prague and aligns with the objectives

of the UAE-Australia Comprehensive


Economic Partnership Agreement

(CEPA). Additionally, the agreement

establishes a framework for long-term

collaboration between the two export

credit agencies and seeks to unlock

new opportunities for financing and

investment.

Emirates Commits $115 Million to Germany Expansion

Emirates has confirmed plans to

launch daily flights to Berlin and

Stuttgart, committing more than

€100 million ($115 million) annually

in operational expenditure, subject to

approval from Germany’s Federal Ministry

of Transport.

The proposed expansion would

strengthen long-haul connectivity for

two of Germany’s key economic Centers

while supporting trade, tourism and job

creation. Additionally, the airline said

the move would enhance links between

Germany and its global network through

Dubai. According to the airline, both

Berlin and Stuttgart remain underserved in

long-haul aviation despite their economic

significance. Berlin, with a population

of approximately 3.9 million, serves as

Germany’s political Center and continues

to expand its technology, tourism and

diplomatic sectors.

Bitcoin Drops to

Three-Month Low After

4% Decline

Bitcoin fell 4% to $64,721.39, its

lowest level since 28 February.

The decline forms part of a

broader sell-off across digital assets,

as the cryptocurrency market faces

increasing pressure from institutional

liquidations and changing macroeconomic

conditions. Moreover, risk appetite

has weakened in recent weeks,

contributing to heightened volatility

across the sector. The latest downturn

has been driven largely by significant

capital outflows from US-listed spot

Bitcoin exchange-traded funds (ETFs).

During May, these funds recorded their

largest monthly net redemptions of the

year, reversing a period of strong institutional

inflows that had previously

supported prices. As a result, market

sentiment weakened further as investors

reassessed exposure to digital

assets amid shifting investment trends.

European Commission Allocates €12.8 B to Support

Italy’s Growth Agenda

The European Commission has

released €12.8 billion to Italy,

representing the ninth instalment

provided under the Recovery

and Resilience Facility (RRF). The

RRF serves as the flagship component

of NextGenerationEU, the European

Commission’s post-pandemic initiative

designed to promote recovery,

strengthen economic growth, and

enhance competitiveness across EU

Member States.

A

new report released by the

World Economic Forum (WEF)

estimates that geoeconomic

fragmentation is costing the global

economy between USD 213B and

USD 307B each year. Fuelled by rising

geopolitical tensions, concerns over

economic security, and evolving trade

dynamics among major economies,

fragmentation intensified throughout

2025 and 2026, exerting growing pressure

on global trade, investment and

financial systems.

The report, Deepening Divides: The

Cost of a More Fragmented Financial

System, developed in collaboration

with Oliver Wyman, a Marsh business,

marks the second instalment in the

Forum’s fragmentation research series.

The latest disbursement will support

a broad range of reforms and

investments across strategic sectors,

including public administration, tax

systems, judicial reforms, and public

procurement. Funding will also contribute

to education, employment,

efforts to combat undeclared work,

research, healthcare, tourism, culture,

sustainable transport, energy, agriculture,

and the shift towards a circular

economy.

Geoeconomic Divides Cost World Economy Up

to USD 307B Every Year


HONOR Magic V6:

The One Device

for the Entire

Journey

Modern travel often means juggling multiple devices, from a

smartphone for communication and navigation to a tablet or

laptop for work. The HONOR Magic V6 is designed to simplify

the experience by combining productivity, AI capabilities, durability,

immersive viewing, and powerful imaging into one foldable

device. Whether you’re working, planning, navigating, capturing

memories, or relaxing, the Magic V6 aims to make every journey

lighter and more convenient.

Expected Specs: Built for Travel

Camera

CIPA 6.5-level stabilisation

Connectivity

Compatible with iPhone, Mac,

AirPods, and Apple Watch

AI Features

Fast Flex, Multi-Flex, Gemini

3.0, HONOR AI Agents

Display

Foldable design that

transforms from a barstyle

smartphone into a

tablet-like display

Protection

HONOR Anti-Scratch Nano-

Crystal Shield

Battery Life

6660mAh HONOR Silicon-carbon

Battery

Charging

80W wired HONOR SuperCharge,

66W wireless

HONOR SuperCharge


Why Choose the HONOR

Magic V6

The HONOR Magic V6 is designed for Travelers who

want to carry less without compromising on productivity

or entertainment. Its foldable design, long-lasting

battery, AI-powered multitasking, durable construction,

and tablet-like display allow users to work, navigate,

capture moments, and stay connected using a single

device throughout their journey.

Pros

Large 6660mAh battery

80W wired and 66W wireless fast charging

Durable hinge tested for 500,000 folds

IP68 and IP69 water and dust resistance

Performance Highlights

6660mAh HONOR Silicon-carbon Battery

AI-powered Fast Flex and Multi-Flex

multitasking

Tablet-like display in a foldable form

factor

80W wired and 66W wireless HONOR SuperCharge

HONOR Super Steel Hinge tested for 500,000 folds

HONOR Anti-Scratch NanoCrystal Shield

IP68 and IP69 water and dust resistance

Fast Flex dual-screen AI functionality

Cons

Launch details not provided

Pricing not announced

Regional availability not specified

Final Thoughts

The HONOR Magic V6 brings together productivity, AI assistance, durability, immersive viewing, and imaging into one foldable

device. With features designed to support Travelers throughout their journey, it reduces the need to carry multiple gadgets while

helping users stay productive, connected, and ready for every stage of the trip.


Banking


Digital financial services seamlessly integrated into everyday platforms, transforming banking experiences across the UAE.

Open Banking and

Embedded Finance:

Redefining Customer

Experience

Open Banking and Embedded Finance are

Reshaping Customer Experiences across the

UAE’s Digital Economy.

The UAE is positioning itself at the forefront

of financial innovation, driven by

a strong digital economy agenda, progressive

regulation, and a thriving fintech

ecosystem. As consumers demand

seamless, personalized services, traditional

banking models are evolving to

meet new expectations. Two of the most

transformative developments shaping this

shift are open banking and embedded

finance. Open banking enables secure

data sharing between financial institutions

and authorised third parties, while

embedded finance integrates banking services

directly into non-financial platforms

and customer journeys. Together, these

innovations are breaking barriers between

banking and daily life, easing access to

financial services.


The financial services landscape in

the UAE is undergoing a profound

transformation as open banking

and embedded finance reshape how

consumers and businesses interact

with financial products. Driven by

digital innovation, evolving customer

expectations, and regulatory support,

these developments are creating a

more connected financial ecosystem

where banking services are seamlessly

integrated into everyday experiences.

The UAE has emerged as one of the

region’s most progressive markets in

adopting digital financial technologies.

Government initiatives aimed at

We are committed to

implementing strategic

projects that enhance

digital transformation

and ensure effective

management of public

finances, contributing

to achieving our goals

aimed at enhancing

financial sustainability

and developing a financial

infrastructure that aligns

with global economic

developments.”

H.E. Mohamed bin Hadi Al Hussaini, UAE

Minister of State for Financial Affairs

fostering innovation, combined with the

country’s growing fintech ecosystem,

have created favorable conditions for

new banking models. Open banking

and embedded finance are no longer

emerging concepts; they are becoming

central pillars of the financial sector’s

future.

A New Era of Connected Financial

Services

Open banking allows customers to

securely share their financial data

with authorised third-party providers

through application programming

interfaces (APIs). This enables financial

institutions, fintech companies,

and technology providers to develop

Personalized products and services

tailored to individual customer needs.

In the UAE, open banking is helping

create a more customer-centric financial

ecosystem. Rather than relying

solely on traditional banking channels,

consumers can access a wide

range of digital services that provide

greater visibility over their finances,

streamline payments, and improve

financial decision-making. Businesses

also benefit from enhanced access to

customer insights, enabling them to

design more relevant offerings and

strengthen customer engagement.

The shift towards open banking

aligns closely with the UAE’s broader

digital economy ambitions. As financial

institutions embrace API-driven

infrastructures, collaboration between

banks and fintech firms is accelerating,

leading to faster innovation and

improved service delivery.

Embedded Finance Moves Beyond

Traditional Banking

While open banking focuses on data

sharing and connectivity, embedded

finance takes integration a step further

by incorporating financial services

directly into non-financial platforms.

Consumers can now access payment

solutions, lending services, insurance

products and investment opportunities

without leaving the applications or

platforms they use daily.

This model is transforming customer

expectations. Whether making purchases

through e-commerce platforms,

booking travel, accessing healthcare

services or using mobility applications,

consumers increasingly expect financial

services to be available at the point of

need. Embedded finance removes friction

from the customer journey, making

transactions faster, more convenient

and highly Personalized.

For businesses operating in the UAE,

embedded finance presents significant

opportunities to create new revenue

streams and enhance customer loyalty.

Companies that integrate financial

services into their digital ecosystems

can offer a more comprehensive user

experience while increasing customer

retention and engagement.

Enhancing Customer Experience

Through Personalization

One of the most significant advantages

of open banking and embedded

finance is the ability to deliver highly

Personalized experiences. Access to

real-time financial data allows service

providers to better understand

customer Behaviors, preferences and

spending patterns.

This deeper understanding enables

Organizations to offer tailored recommendations,

customised financial

products and proactive financial guidance.

Consumers benefit from solutions

that are more relevant to their

circumstances, while businesses can

improve conversion rates and customer

satisfaction. In the UAE’s competitive

financial services market, personalization

is becoming a key differentiator.

Customers increasingly expect digital

experiences that mirror the convenience

and responsiveness offered

by leading technology companies.

Open banking and embedded finance

provide the foundation for meeting

these expectations while strengthening

customer relationships.

Supporting Fintech Innovation and

Competition

Open banking is fostering competition

and innovation in the UAE’s financial

sector, enabling fintech firms to develop

specialized solutions while encouraging

traditional institutions to Modernize

their offerings. As data becomes more

interconnected, security and trust remain

essential, with regulators strengthening

data privacy and cybersecurity

standards. The convergence of open

banking, embedded finance, and AI is

set to make banking an invisible part

of everyday digital experiences, further

positioning the UAE as a leading global

digital economy.


Banking News

Sharjah Chamber Backs Supply Chains, Private Sector Growth

The Sharjah Chamber of Commerce

and Industry (SCCI) has reaffirmed

its commitment to supporting

private-sector growth, highlighting

the launch of an integrated logistics

corridor linking Sharjah’s ports with

ports in Oman through land border

crossings.

The Chamber described the project as

a strategic initiative aimed at improving

trade flows, expanding logistics options

for businesses and enhancing supply

chain efficiency across the region.

Moreover, SCCI said it will continue

supporting companies to maximise the

benefits of the new logistics system.

The announcement came during the

Chamber’s regular board meeting at

its headquarters, chaired by Abdallah

Sultan Al Owais, Chairman of SCCI,

and attended by board members and

senior officials. The meeting reviewed

strategic initiatives launched by the

Chamber and key achievements recorded

between 2023 and the end of

the first half of 2026.

Dubai Islamic Bank

Mandates USD AT1

PNC6 Sukuk Issuance

Dubai Islamic Bank (DIB), which

holds ratings of A3 from Moody’s

and A from Fitch, both carrying

stable outlooks, has appointed arrangers

for a benchmark additional tier 1

(AT1) perpetual sukuk denominated

in US dollars and structured with a

non-call period of six years. The bank

has selected Arqaam Capital, ASB

Capital, Dubai Islamic Bank, Emirates

NBD Capital, First Abu Dhabi Bank,

HSBC, KFH Capital, Mizuho, Sharjah

Islamic Bank, Standard Chartered Bank

and Warba Bank to serve as joint lead

managers and joint bookrunners for

the Mudaraba-based issuance.

A virtual investor roadshow for the

transaction began on June 8. The proposed

sukuk is intended to be listed

on both Euronext Dublin and Nasdaq

Dubai. The issuance will be subject to

applicable FCA and ICMA stabilisation

regulations.

DIB Successfully Prices $1 BN Additional Tier 1

Sukuk

Dubai Islamic Bank (DIB), rated

A3 by Moody’s and A by Fitch,

has successfully priced a $1bn

Additional Tier 1 (AT1) Perpetual Non-

Call 6-Year Sukuk at a profit rate of

6.250 per cent. The rate is equivalent

to a reset spread of 191.10 basis points

over the interpolated US Treasury rate.

The issuance attracted strong demand

from regional and international investors

despite a challenging geopolitical

UAE banks are stepping up

efforts to attract deposits by

offering higher interest rates

to new savers and providing additional

incentives to customers who route

their salaries through the bank. Over

the past several decades, the UAE has

successfully transformed itself into

a leading global Center for finance,

business, and tourism, reducing its reliance

on oil through a broad economic

backdrop. Moreover, the transaction

underscores investor confidence in

the bank’s credit fundamentals, profitability,

and capital management

framework. DIB raised $1bn through

the public AT1 market, marking one

of the largest GCC AT1 issuances in

the recent period. Additionally, the

successful deal further strengthens

the bank’s position in international

capital markets.

UAE Banks Boost Returns with New Deposit

Offers

diversification strategy.

However, traditional lenders are

increasingly facing competition from

digitally focused banking entrants,

which benefit from lower operating

costs and technology-driven customer

experiences. According to Reuters, the

UAE Central Bank described the wave

of new banking promotions as routine

market activity aimed at attracting retail

deposits and supporting lending growth.


First Abu Dhabi Bank Partners with Water.org and WaterEquity

First Abu Dhabi Bank (FAB) has

announced a strategic partnership

with Water.org and its

affiliated impact investment manager,

WaterEquity, ahead of World Environment

Day.

As part of the partnership, FAB has

invested in the WaterEquity Everspring

Fund, an open-ended impact fund

dedicated to expanding access to safe

water and sanitation across emerging

ADIB Launches Mobile

WPS Service For Faster

Salary Payments

Abu Dhabi Islamic Bank (ADIB)

has introduced a new digital

service that enables individual

employers to register and process

employee salaries directly through

the ADIB Mobile Banking app, while

corporate employers can manage payroll

through the ADIB Direct platform.

Developed in collaboration with Al

Etihad Payments (AEP) and the UAE

Ministry of Human Resources and

Emiratization (MoHRE), the solution

is fully aligned with the UAE’s Wage

Protection System (WPS) requirements.

The integrated service allows employers

to verify employee information,

validate salary data and submit payroll

records digitally, reducing paperwork

and improving operational efficiency.

It also enhances transparency, compliance

and regulatory reporting through

direct access to MoHRE databases.

The initiative reflects ADIB’s broader

digital transformation strategy and its

commitment to delivering innovative,

Shariah-compliant banking solutions

for individuals, SMEs and corporate

clients across the UAE.

markets. The agreement establishes

a platform for ongoing collaboration

between FAB, Water.org and WaterEquity.

Moreover, it positions FAB as the

first commercial financial institution

in the Middle East and North Africa

region to partner directly with both

Organizations through an investment

vehicle focused on water access. The

partnership reflects FAB’s strategic

focus on national water security.

CBUAE Partners World Bank to Advance Financial

Inclusion

The Central Bank of the UAE

(CBUAE) has strengthened its

commitment to financial inclusion

through a strategic partnership

with the World Bank Group, aimed at

enhancing financial literacy, consumer

protection and dispute resolution

frameworks across the country. Signed

during a high-level meeting in Abu

Dhabi, the agreement will support

initiatives focused on improving access

to financial services, promoting responsible

financial decision-making and

strengthening digital fraud prevention

Banks across the UAE are offering

higher returns and enhanced incentives

on savings and deposit

products as they compete with digital

banking platforms and seek to strengthen

customer loyalty. Several leading lenders

have introduced promotional rates

significantly above the UAE Central

Bank’s benchmark rate, with some offers

reaching as high as 6.6 per cent annually

for eligible customers who transfer salaries

and maintain minimum balances.

The move reflects growing competition

within the banking sector as digital-first

institutions gain market share through

convenience and lower operating costs.

Industry experts note that the offers are

part of a broader strategy to attract stable

retail deposits and deepen customer

relationships rather than a short-term

response to regional economic uncertainty.

Despite geopolitical tensions, UAE banks

continue to demonstrate strong liquidity

and capital positions, supported by regulatory

measures and sustained growth

measures. The collaboration will also

contribute to the development of the

UAE’s National Financial Literacy

Strategy and preparations for the

second Regional Summit on Financial

Health and Inclusion, scheduled for

September 2026 in Abu Dhabi. Officials

from both Organizations highlighted

the partnership as a key step towards

building a more inclusive, resilient

and sustainable financial ecosystem

while reinforcing the UAE’s position

as a regional leader in financial health

and inclusion.

UAE Banks Raise Deposit Rates To Attract Savers

in deposits across the sector.


Wheels

ENTERS ITS FIFTH GENERATION WITH NEUE KLASSE TECHNOLOGY


243 km/h to

250 km/h

(151–155 mph)

Top Speed

Up to 845 km

(BMW iX5 60 xDrive); Up to 750 km (BMW iX5 Hydrogen)

Range

0 to 100 km/h

(0-60 mph) times (3.8 to 6.1 seconds)

Acceleration

The fifth-generation BMW X5 ushers in a new era for

the luxury Sports Activity Vehicle (SAV), becoming the

first BMW model to offer five different drive system

technologies while integrating the design language and innovations

of the Neue Klasse. Available with petrol and diesel

engines featuring 48V mild-hybrid technology, plug-in hybrid

powertrains, an all-electric variant, and a hydrogen-powered

model, the latest X5 builds on its legacy as the vehicle that

established BMW’s X family. The all-electric BMW iX5 debuts

sixth-generation BMW eDrive technology, delivering up to 845

km of range, 800V architecture, fast charging, bidirectional

charging, and new cylindrical battery cells, while the upcoming

BMW iX5 Hydrogen offers a driving range of up to 750 km.

The new BMW X5 adopts a bold, monolithic design that

blends classic SAV proportions with the forward-looking

styling of the Neue Klasse. An upright front fascia, vertically

aligned illuminated BMW kidney grille, and new “double-X”

light signatures give the SUV a distinctive identity, while the

clean side profile is enhanced by innovative BMW Winglets

that integrate electrically powered door handles. Buyers can

personalize the vehicle with 11 exterior paint finishes, wheel

sizes of up to 23 inches, M Sport and M Sport Pro packages, and

a wide range of M Performance Parts, including carbon-fibre

exterior components and performance wheel options.

Inside, the cabin combines premium craftsmanship with

a minimalist, driver-focused layout. High-quality materials,

including optional slate and glass decorative surfaces, create

a refined atmosphere complemented by a full-width ambient

lighting strip that produces an inviting wrap-around effect

throughout the interior. The BMW X5 also introduces core

Neue Klasse technologies, including BMW Panoramic iDrive

with BMW Operating System X, a free-cut Central Display,

BMW Panoramic Vision, a 3D Head-Up Display, a multifunction

steering wheel, and, for the first time in the X5, an optional

BMW Passenger Screen, delivering an immersive digital experience

for both driver and passengers.

The fifth-generation BMW X5 continues to prioritize driving

dynamics with standard adaptive suspension, near-perfect 50:50

axle load distribution, and optional Adaptive Chassis Control

Professional with roll stabilisation for electric and plug-in

hybrid variants. BMW Symbiotic Drive and advanced Level 2

driver assistance systems provide intelligent support tailored to

individual driving styles, while the Heart of Joy control system

introduces BMW Soft-Stop technology on the iX5 models for

smoother stopping performance. Production begins at BMW

Group Plant Spartanburg in August 2026, ahead of the launch of

combustion-powered models in November 2026, with all-electric

and plug-in hybrid variants arriving in early 2027. The facility will

also produce the first all-electric BMW iX5, supported by a new

fossil fuel-free high-voltage battery factory, reinforcing BMW’s

commitment to more sustainable manufacturing.


Finance


A digital tax ecosystem enabling seamless invoicing, transparency, and efficiency across the UAE.

The Digital Tax

Revolution: E-Invoicing,

Compliance, and

Business Efficiency

The UAE’s Shift to e-invoicing is Reshaping

Taxation, Compliance and Business Operations.

The UAE is accelerating its transition

towards a digital-first economy, with tax

administration emerging as a key area

of transformation. The introduction of

e-invoicing marks a significant step in

modernizing the country’s financial ecosystem,

enabling businesses to manage

tax compliance more efficiently while

improving transparency and accuracy. As

regulatory requirements evolve, organizations

are increasingly adopting digital

tools to streamline invoicing, reporting

and record-keeping processes. Beyond

compliance, e-invoicing offers substantial

operational benefits, including faster transaction

processing, reduced administrative

costs, and enhanced data insights. This

digital tax revolution is reshaping how

businesses operate in the UAE.


The way businesses manage tax

compliance is changing rapidly,

driven by digital transformation,

automation and evolving regulatory

expectations. Across the world, governments

are modernizing tax systems

to improve transparency, strengthen

compliance and enhance the efficiency

of tax administration. In the UAE, this

transformation is gathering pace with

the rollout of a national e-invoicing

framework that is set to fundamentally

reshape how businesses issue, process

and report invoices.

The UAE’s e-invoicing initiative

represents one of the most significant

developments in the country’s digital

tax landscape since the introduction of

Value Added Tax (VAT). The Ministry

of Finance has confirmed a phased implementation

approach, with voluntary

participation beginning in July 2026

before mandatory adoption starts in

2027. The framework is designed to

create a fully digital and interoperable

invoicing ecosystem that enables

businesses, service providers, and tax

authorities to exchange information

securely and efficiently. The UAE has

also adopted a Peppol-based model,

aligning its system with internationally

recognized standards for electronic

invoicing and data exchange.

For businesses, e-invoicing is far

more than a compliance requirement.

It represents an opportunity to modernize

financial operations, improve

productivity, and unlock new levels of

efficiency. Traditional invoicing methods

often rely on manual data entry,

paper documents, email exchanges, and

fragmented approval processes. These

workflows are time-consuming, prone to

human error and can create bottlenecks

across finance departments.

E-invoicing addresses these challenges

by enabling invoices to be created,

transmitted, validated, and processed

electronically in a structured format.

Unlike PDF invoices, which still require

manual intervention, structured electronic

invoices can be automatically

integrated into accounting, procurement,

and enterprise resource planning

systems. This automation significantly

reduces administrative effort while

improving accuracy and consistency

across financial records.

The compliance benefits are equally

compelling. As tax regulations become

increasingly sophisticated, businesses

face greater pressure to maintain

accurate documentation and ensure

timely reporting. E-invoicing introduces

standardised data requirements and

automated validation processes that

help organizations meet regulatory

obligations more effectively. Businesses

can maintain comprehensive

audit trails, reduce reporting errors,

and improve readiness for audits and

inspections.

The UAE’s electronic invoicing

framework is designed to provide

tax authorities with greater visibility

into commercial transactions while

minimising compliance burdens for

businesses. Under the new model, invoice

data can be exchanged through

accredited service providers, enabling

near real-time reporting and enhanced

transparency. This approach supports

more effective tax administration while

reducing opportunities for fraud and

tax evasion.

Beyond compliance, the transition

to digital invoicing can generate significant

operational improvements.

Digital transformation

is a key driver of

competitiveness and

sustainable economic

growth, supporting the

UAE’s vision to build a

future-ready economy.”

H.E. Abdulla bin Touq Al Marri, UAE Minister

of Economy.

Faster invoice processing helps accelerate

payment cycles and improve

cash flow management. Businesses

gain better visibility into receivables

and payables, allowing finance teams

to make more informed decisions and

optimize working capital. Automated

workflows also reduce processing

costs, helping organizations allocate

resources more efficiently.

Small and medium-sized enterprises

stand to benefit significantly from these

efficiencies. Many SMEs continue to

rely on manual invoicing processes

that consume valuable time and resources.

Digital invoicing solutions

can simplify administrative tasks,

reduce paperwork and improve overall

financial management, enabling smaller

businesses to focus on growth and

customer engagement.

Another major advantage of e-invoicing

is enhanced data quality. Structured

invoice data creates a single source

of truth across business operations,

reducing inconsistencies and duplication.

Organizations can use this data to

generate deeper insights into spending

patterns, supplier relationships and

operational performance. Improved

visibility supports more accurate

forecasting, budgeting and strategic

planning.

Technology is playing a critical role

in this transformation, with cloudbased

platforms, AI, and automation

increasingly integrated into tax and

finance functions to process transactions,

detect anomalies, and maintain

compliance with evolving regulations.

UAE authorities have provided clarity

on the e-invoicing roadmap, helping

businesses prepare systems and select

service providers ahead of phased

mandatory adoption.

Preparation is critical as deadlines

approach, requiring businesses to assess

readiness and identify technology

gaps to minimise disruption. The digital

tax revolution reflects a shift toward

data-driven governance and integrated

financial ecosystems, positioning the

UAE at the forefront of this trend.

E-invoicing is a strategic opportunity

to modernize finance operations and

strengthen competitiveness. Companies

that invest early in technology

and compliance readiness will benefit,

improving accuracy, streamlining

workflows, and remaining competitive

in a digital economy.


Sports News

Dubai Schools Games

Attracts Strong

Turnout Across the

Emirate

The Dubai Schools Games continued

to attract strong participation

from students across

public and private schools, reinforcing

its position as one of the emirate’s

largest youth sporting initiatives. Organised

by the Dubai Sports Council

in partnership with ESM, the Program

brings together thousands of students

competing in a wide range of sports,

creating opportunities for talent development

and active participation.

The competition aims to encourage

healthy lifestyles, strengthen school

sports and identify promising young

athletes who can progress to higher

levels of competition. Events held

throughout the season have showcased

impressive performances across multiple

disciplines, reflecting the growing

enthusiasm for school sports in Dubai.

Dubai Police Launch Football Tournament for

Inmates

Dubai Police has introduced a

World Cup-inspired football

tournament for inmates at its

Punitive and Correctional Establishments,

using sport as a tool to

encourage rehabilitation and positive

behavioural change. Timed to coincide

with the ongoing 2026 FIFA World

Cup, the initiative is organised by

the General Department of Punitive

and Correctional Establishments in

partnership with the Positive Spirit

Council under the General Department

of Community Happiness. The

competition brings together 48 inmate

teams divided into 12 groups, creating

a structured and engaging sporting

environment. Officials said the Program

builds confidence, strengthens

discipline, promotes teamwork, and

improves physical and mental well-being,

supporting inmate rehabilitation

and reintegration while advancing

Dubai Police’s reform initiatives.

Rashid Al Dhaheri Conquers Monza’s Temple of

Speed With FIA FREC Victory

Emirati racing driver Rashid Al

Dhaheri delivered an outstanding

performance at Italy’s iconic

Monza circuit, securing victory in

Race 2 of Round 4 of the FIA Formula

Regional European Championship.

Starting from eighth on the grid under

the reverse-grid format, Al Dhaheri

expertly navigated a challenging race

marked by multiple overtakes, safety

car interruptions and intense wheelto-wheel

battles. Driving for R-ace GP,

he steadily climbed through the field

before taking the lead and sealing his

second win of the 2026 season. The

triumph came at Monza, famously

known as the “Temple of Speed”,

where extreme temperatures added

to the challenge for drivers and teams.

Despite a difficult opening race and

technical issues later in the weekend,

Al Dhaheri collected valuable championship

points and reinforced his

status as one of the UAE’s brightest

motorsport talents.

UAE Pro League to Hold 2026-27 Season Draw on July 2

The UAE Pro League has announced

that the draw ceremony

for the 2026-27 season

competitions will take place on July

2, marking an important step in preparations

for the new football campaign.

The event will determine the fixtures

for key competitions, including the

ADNOC Pro League and the ADIB Cup,

and is expected to bring together club

representatives, league officials, sponsors

and media stakeholders. The draw

will be conducted using the league’s

smart electronic system, which is

designed to ensure competitive balance

while taking into account scheduling

requirements, club commitments

and logistical considerations. The

ceremony forms part of the UAE Pro

League’s ongoing efforts to enhance

competition management through

digital innovation and transparency.

Fans and clubs alike will be eager to

discover the matchups that will shape

the upcoming season and set the stage

for another exciting year of football,

filled with fierce rivalries, memorable

moments, and anticipation.


RB Burn The Bill Becomes First Filly to Win UAE Oaks

RB Burn The Bill made history

by becoming the first filly to

capture the UAE Oaks title,

delivering a standout performance in

one of the country’s most prestigious

horse racing events. The talented runner

showcased exceptional speed, stamina and

determination to secure victory against

a competitive field, marking a significant

milestone in UAE racing. Trained and

prepared for the demanding contest, the

filly produced a strong finish to etch her

name into the record books and underline

her growing reputation on the regional

racing circuit. Her triumph highlights

the increasing competitiveness of female

horses in major races traditionally

dominated by male contenders. Racing

officials and connections praised the

achievement, describing it as a landmark

moment for the sport and a significant

milestone in horseracing history.

Top-Seeded UAE Judoka

Claims Gold Medal at

Ulaanbaatar Grand Slam

UAE judoka Eliza Litif delivered

a remarkable performance to

capture the gold medal in the

women’s under-78kg category at the

Ulaanbaatar Grand Slam in Mongolia,

reinforcing her status as one of the

country’s leading athletes. Entering

the tournament as the top seed, Litif

showcased her technical skill, composure

and determination throughout the

competition. She opened her campaign

with victories over Austria’s Elena Deng

and Colombia’s Brenda Olaya before

defeating Germany’s Alina Böhm in

a hard-fought semi-final contest. In

the gold-medal match, Litif overcame

France’s experienced Audrey Tcheuméo

to secure the title and stand atop the

podium. The victory earned valuable

world ranking points and boosted her

Olympic qualification ambitions. UAE

Judo Federation officials hailed the

achievement as a major success for

the national team ahead of upcoming

international competitions.

Pogačar Secures Tour de Suisse Title for UAE Team

Emirates-XRG

Slovenian cycling star Tadej

Pogačar claimed overall victory

at the prestigious Tour de Suisse,

delivering another major success for

UAE Team Emirates-XRG ahead of the

Tour de France. Pogačar produced a

dominant performance throughout

the week-long race, combining strong

climbing displays with tactical consistency

to secure the coveted yellow

The UAE President’s Cup for

Purebred Arabian Horses is set

to make history at Milan’s iconic

San Siro Racecourse as the prestigious

event hosts its first-ever Group 1 Arabian

race in Italy. The Italian leg marks

the fifth stop of the 33rd edition of the

global championship, which spans

19 races across four continents and

carries total prize money exceeding

AED20 million. Run over 2,100 metres

on dirt, the race will feature 10 elite

Purebred Arabian horses from leading

stables across Europe, highlighting

the growing prominence of Arabian

horse racing on the international

stage. The elevation of the San Siro

event to Group 1 status represents

a landmark achievement for both

jersey. The triumph adds another significant

title to the world champion’s

growing list of achievements and underlines

his status as one of the leading

contenders for cycling’s biggest

races. UAE Team Emirates-XRG delivered

a strong collective performance,

supporting its leader throughout the

race to secure victory and reinforce its

successful 2026 season ahead.

UAE President’s Cup Makes History at San Siro

With First-Ever Group 1 Arabian Race

the UAE President’s Cup series and

Italian racing. Organisers said the

milestone reflects ongoing efforts to

promote Arabian horses and strengthen

their presence in major global

racing markets.


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Finance World Magazine | Edition: July 2026

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