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Abu Dhabi

Gulf Navigation Holding PJSC has signed a definitive agreement to acquire the assets and subsidiaries of Nasdaq‑listed Brooge Energy for AED 3.2 billion, a move set to significantly expand its midstream oil and gas capacity. The transaction spans a blend of cash, share issuance, and mandatory convertible bonds, with completion anticipated by the close of the third quarter of 2025, subject to regulatory and shareholder approvals.

The bulk of the deal involves taking over Brooge Petroleum and Gas Investment Company FZE, its Phase III FZE entity, and BPGIC Phase 3 Limited—each operating advanced crude, fuel oil, and refined petroleum storage facilities in Fujairah. These strategically located assets will double GulfNav’s existing infrastructure, reinforcing its footprint at a key UAE bunkering and storage hub.

Under the structured settlement, GulfNav will allocate 358.8 million new shares at AED 1.25 each to Brooge Energy, enforceable with a 12‑month lock‑up period. It will also issue AED 2.336 billion in mandatory convertible bonds convertible at the same share price and restricted similarly. Existing shareholders have access to AED 500 million in MCBs at AED 1.10 per share, with major investors covering any unclaimed portion. Additionally, AED 460 million will be disbursed in cash.

Chief Executive Ahmad Kilani described this acquisition as transformational, explaining that integrating Brooge’s storage infrastructure with GulfNav’s maritime services will “unlock operational synergies, enhance storage capacity and drive long‑term value for shareholders.” Incoming facilities in Fujairah are expected to enhance logistical efficiency, lower costs, and broaden GulfNav’s revenue mix.

This move aligns with GulfNav’s strategy to transition from a legacy maritime operator to a diversified energy‑logistics conglomerate. The firm’s board was authorised in March 2025 to proceed with the asset acquisition, capital increase, and issue of MCBs, all in light of its shareholders’ approval. Regulatory processes and amendments to the company’s articles of association—particularly regarding foreign ownership—are now underway.

Brooge Energy has previously attracted scrutiny. In December 2024, U.S. investors filed a fraud claim against auditor Ernst & Young, alleging that revenues were overstated by between 30% and 80% during 2018–2020. The firm reached a $5 million settlement with the U.S. Securities and Exchange Commission over irregular accounting practices. Despite these concerns, GulfNav maintains the deal offers strategic value, citing diligence and planned regulatory housekeeping prior to close.

Analysts note the landmark nature of this deal; GulfNav’s storage assets are poised to surge, positioning it as a key player in the region’s rapidly evolving energy-logistics ecosystem. Fujairah’s strategic location outside the Strait of Hormuz means its terminals are well placed to serve global crude oil logistics, with Brooge’s high-tech blending capabilities offering an edge in operational efficiency.

Transaction conditions encompass customary requirements: shareholder approvals, regulatory consents, debt settlements, and commercial registration. GulfNav expects to finalise the share and bond issuance in tandem with regulatory clearance, with the goal of closing by end‑Q3 2025. After completion, the Brooge Energy shareholders and bondholders will receive equity in GulfNav under lock‑up terms.

Post-acquisition, GulfNav’s board plan includes integrating Brooge’s board representatives to ensure continuity and operational alignment throughout the transition. Integration is expected to elevate GulfNav’s EBITDA margins and open fresh revenue streams via enhanced storage, blending, and bunkering services.

Although GulfNav navigates complexities from Brooge’s previous accounting controversies, analysts emphasise the strategic benefits—particularly the ability to offer complete maritime-to-storage and product blending services from a single platform. The expanded Fujairah facilities will allow GulfNav to capitalise on growing crude export flows, further supported by Abu Dhabi’s energy growth ambitions.

With conventional execution risk low, attention now shifts to securing regulatory and legal clearances, along with capital-raising for the MCB component. Successful completion will mark GulfNav’s transformation into a fully integrated energy logistics powerhouse, ready to meet regional demand while delivering enhanced returns to investors.

Miral is set to launch an interactive Ferrari-themed workshop on 21 June at Cinema Maranello in Ferrari World, Yas Island, offering young learners an immersive glimpse into automotive engineering and innovation. Open to participants aged 10 and above, the two-hour session will feature hands-on demonstrations, a quiz, and an exploration of Ferrari’s technical journey—all crafted to ignite curiosity and build skillsets in a dynamic setting.

Leading the workshop, Miral positions it as a continuation of their education and skill‑development pillar, part of the group’s broader corporate social responsibility initiatives aimed at nurturing future generations across Abu Dhabi. The session begins with an engaging overview of Ferrari’s storied past and technological breakthroughs. Participants will then transition to practical segments where they can engage with scaled-down engineering modules, deepen their understanding through interactive quizzes, and test their abilities in dynamic challenges designed to simulate real vehicle systems.

The venue, Cinema Maranello, is nestled within Ferrari World—the world’s first Ferrari-branded theme park, home to record‑breaking attractions including Formula Rossa, Flying Aces, and Mission Ferrari. Spanning over 40 rides in a climate‑controlled environment, the park is a flagship asset in Miral’s immersive entertainment portfolio.

Miral emphasises community engagement and knowledge transfer through this workshop. Registration is mandatory and limited; family attendance is encouraged, broadening the event’s appeal beyond just the learning participants. The event will run from noon to 2 pm, ensuring ample time for both instruction and hands-on involvement.

This Ferrari-themed educational initiative aligns with broader patterns in youth development programming across Yas Island. Over the last year, Miral has hosted a variety of skill‑based events, from eco‑conscious upcycling workshops to digital storytelling and STEM camps. These have targeted children aged from as young as eight through their teens, integrating creativity with sustainability and technical learning.

Ferrari World has steadily expanded its appeal as a learning hub. Family‑friendly attractions like the Junior Grand Prix, Junior Training Camp, and Made in Maranello tour blend entertainment with educational value, providing toddlers and teens alike with engaging, instructive experiences.

Miral’s broader strategy emphasises diversification of cultural, recreational, and educational offerings across Yas Island and Saadiyat Island. It continues development of projects such as the Natural History Museum Abu Dhabi, a dedicated Harry Potter land in partnership with Warner Bros. World, and integration of digital innovation through alliances like those with Microsoft and Azure OpenAI Service. Marta Zaabi, CEO of Miral, described the Yas Island learning ecosystem as “a continuously evolving platform where curiosity meets creativity,” demonstrating a focus on nurturing curiosity in diverse ways across the island.

The upcoming Ferrari workshop exemplifies Miral’s intent to merge hands-on education with its entertainment credentials. By leveraging brand prestige and technical cachet, the event speaks to a growing trend in learning-by-doing experiences, targeting youth engagement outside traditional classroom settings. The event’s orientation toward engineering aligns with regional priorities to bolster STEM education and practical skill development in alignment with the UAE’s broader educational agenda.

Although the workshop is free, spaces are limited to ensure both safety and quality of engagement. Miral has stressed the value of early registration, noting the family-friendly nature of the workshop and the likelihood of high demand given Ferrari’s iconic status and the interactivity of the experience.

Harrison Street, a US-headquartered real assets investment firm with over $56 billion in assets under management, has formally expanded into the Middle East by establishing an office within the Abu Dhabi Global Market, after receiving regulatory approval from the Financial Services Regulatory Authority. The move is being viewed as a strategic step to tap into the region’s institutional capital base and aligns with Abu Dhabi’s ambitions to attract global investment managers.

The firm’s new office, located at ADGM’s Al Sila Tower, is expected to anchor its regional operations and serve as a platform for growth across the Gulf and wider MENA region. Harrison Street becomes the latest in a line of global asset managers to choose Abu Dhabi as a regional headquarters, following similar moves by BlackRock, Brevan Howard, and Apollo Global Management. The announcement underscores the appeal of ADGM as a regulated environment that offers tax benefits, legal certainty, and direct access to sovereign wealth and pension funds.

Christopher Merrill, co-founder and CEO of Harrison Street, described the expansion as a natural extension of the firm’s long-term growth strategy. He emphasised that the company is aiming to offer institutional investors across the Middle East access to thematic investment opportunities in alternative real assets, including student housing, senior living, healthcare infrastructure, and digital assets. Merrill said the firm sees “substantial appetite among Gulf-based investors for exposure to long-duration, inflation-protected assets with stable yield profiles.”

While Harrison Street has traditionally focused on North America and Europe, its new ADGM base signals an intention to deepen partnerships with investors in the Gulf region. The decision is also part of a broader effort to diversify funding sources and tailor strategies that align with regional priorities such as healthcare expansion, demographic shifts, and digital infrastructure.

The ADGM licence will enable Harrison Street to carry out regulated investment activities and offer tailored asset management services to qualified investors in the UAE and beyond. According to the firm’s regional head, who is set to be announced in the coming weeks, the Abu Dhabi office will focus on both capital raising and direct investment origination, particularly in sectors aligned with government-backed development goals across the Gulf.

Industry observers say Abu Dhabi’s financial centre has matured into a viable launchpad for international firms targeting sovereign and institutional capital. With assets under management in ADGM growing to over $1 trillion this year, the financial centre is increasingly positioning itself as a global hub for private equity, venture capital, and asset management. Harrison Street’s entry follows a regulatory trend where ADGM has been accelerating approvals for asset managers, family offices, and hedge funds in a bid to rival more established global centres.

Global interest in Middle East capital pools has surged, with firms across Europe and the US actively seeking to establish an on-the-ground presence. Harrison Street’s thematic investment strategy, focused on secular trends such as ageing populations and technological adoption, is seen to resonate well with Gulf investors pursuing diversification beyond traditional energy-linked assets.

Merrill indicated that the firm will look to build co-investment partnerships and joint ventures with local institutions, leveraging its experience in structuring real estate and infrastructure funds across developed markets. He also hinted at the possibility of localised strategies that may include greenfield development and operating partnerships in sectors like education and senior care, particularly in markets undergoing demographic transition such as Saudi Arabia and the UAE.

ADGM authorities welcomed the firm’s entry as further validation of Abu Dhabi’s rising influence in the global investment ecosystem. The financial centre has actively courted global asset managers through a mixture of regulatory reforms, dual licensing frameworks, and strategic partnerships with Abu Dhabi Investment Office and Mubadala.

UAE’s car market is undergoing a fundamental shift as lifestyle-driven mobility rises to prominence, reshaping consumer choices from metal to experience. A surge in preference for digitally enabled, subscription-based, and autonomous transportation is aligning with the emirates’ drive for sustainable, high-tech urban living. Automakers and transport authorities are adapting, marking a new era for mobility in the region.

At the forefront is the uptake of connected and autonomous vehicles. A 2024 Astute Analytica report found that the UAE invested US $500 million in autonomous and connected vehicle infrastructure, and government surveys show that nearly 60 per cent of residents are open to self-driving cars once available . Dubai aims for 25 per cent of its transport network to operate autonomously by 2030, while Abu Dhabi is piloting robotaxis under a combined Dubai Roads and Transport Authority and DP World initiative . Chinese mobility pioneer WeRide has commenced fully driverless robotaxi trials in Abu Dhabi and holds significant UAE licences, further cementing the country’s status as a regional testbed .

Parallel to autonomy, digital car buying and subscription services are gaining ground. A global study by Arthur D. Little reports that UAE has the highest percentage worldwide of buyers willing to complete vehicle purchases entirely online, with 53 per cent preferring full digital transactions . It also notes more than half of car buyers intend to purchase hybrid or electric models for their next car . Major brands such as Jaguar‑Land Rover, Audi and Volvo have launched subscription models allowing flexible short‑term access to vehicles, reflecting a deeper shift from ownership to access .

Luxury meets lifestyle in a market defined by adventure and affluence. The UAE’s love for off‑road capable SUVs—icons like Land Rover, Toyota Land Cruiser and Mercedes G‑Class—remains strong, supported by driving culture and desert heritage . At the same time, social media has amplified the aspirational value of high‑performance and bespoke vehicles, prompting services offering vehicle customisation and luxury rentals to expand .

Despite their prestige, sustainable mobility options are advancing steadily. Government plans aim for EVs to account for 10 per cent of all vehicles by 2030; Dubai Electricity and Water Authority intends to install 1,000 public charging points by 2025 . Financial incentives including free parking and toll exemptions support uptake. While less than 15 per cent of buyers currently prefer full battery‑electric vehicles , more than 50 per cent plan to choose hybrid or electric options next .

Shared mobility and micro‑mobility solutions are gaining traction among urban dwellers. The UAE’s ride‑hailing market grew to US $1.3 billion in 2023, and car‑sharing usage surged by 30 per cent to over 200,000 subscribers . Platforms like Careem, ekar and others expand convenient access while supporting sustainability goals .

Pre‑owned and rental markets also reflect shifting lifestyle demands. The luxury car rental segment caters to business travellers and experience‑seeking residents, accounting for over half of regional luxury rentals . Certified pre‑owned programmes and digital platforms make premium vehicles accessible and promote circular economy models .

Industry participants are racing to adapt. Six major dealers—including Al Futtaim Motors and Al Habtoor—control more than 62 per cent of the auto market by offering hybrid and electric models, digital sales funnels, and after‑sales personalisation services . Additionally, more than 80 per cent of UAE and KSA consumers now value in‑car digital services and are willing to share data for personalised experiences .

Strategic foreign investment continues to flow. In 2024, DP World handled a record 1.3 million vehicles, up 53 per cent year‑on‑year. China led automotive investments region‑wide, with 27 projects worth US $8 billion, generating 20,000 jobs . The UAE attracted 145 automotive projects valued at US $22 billion, solidifying its regional industry leadership .

Air mobility is emerging as a bold frontier. Authorities, including the General Civil Aviation Authority and Technology Innovation Institute, are mapping aerial corridors for air taxis and drones with a view to commercial roll‑out by 2026. Vertiports are under construction as Dubai aims to launch urban air taxi operations in early 2026 . Collaborations with global developers such as Volocopter and Joby Aviation underscore UAE’s intent to lead advanced mobility innovation.

Demographic and behavioural trends are shifting expectations. UAE’s younger, tech‑savvy population demands multimodal transport, sustainable choices, and flexible ownership. European research shows Gen Z and millennials prefer compact, shared, and electric vehicles, and lease options tied to services—mirroring emerging patterns in the Emirates . The convergence of digital retail, in‑car connectivity, autonomous capabilities and lifestyle choices is now the defining feature of the market.

That convergence gives rise to dynamic policy alignment and infrastructure development. Dubai’s Autonomous Transportation Strategy ambitions to ease congestion and strengthen economic diversification, while public‑private partnerships are building the ecosystem for AI‑enabled transport .

The transformation is clear: the UAE auto sector is evolving from a conventional showroom‑focused industry to an experiential mobility ecosystem. Consumers expect seamless digital transactions, autonomous options, flexible subscriptions, and elevated experiences. Governments and businesses are aligning investment and strategy to meet these expectations, fusing luxury with sustainability, and individual desire with urban resilience.

As the 2030 horizon approaches, next‑generation mobility is no longer an aspiration but a reality rolling on UAE roads, in the air, and on digital platforms—heralding a new age for the Gulf’s automotive narrative.

Abu Dhabi will serve as the host for the Games of the Future 2025, a pioneering global event blending physical and digital sports. Scheduled for December 18 to 23, the competition aims to redefine the boundaries of athletic contests by merging traditional sporting disciplines with cutting-edge technology. This event marks a significant step in the evolution of international sports, as organisers position Abu Dhabi at the forefront of the phygital sports movement.

The Games of the Future will bring together elite athletes and esports competitors from across the world, competing in hybrid formats designed to test skill, strategy, and adaptability. The term “phygital” refers to the integration of physical and digital elements within the same competitive environment. This concept challenges conventional sports formats, creating new experiences for participants and audiences alike.

Organisers highlight that the Games of the Future are intended to captivate younger, tech-savvy audiences, whose preferences are shifting towards immersive and interactive entertainment. The event will showcase competitions that combine real-world physical prowess with virtual reality, augmented reality, and advanced sensor technologies. These innovations allow athletes to perform in augmented settings where physical actions influence digital gameplay in real time.

Abu Dhabi’s selection as host city follows extensive consideration of its infrastructure, innovation-driven vision, and commitment to becoming a global hub for futuristic sports and entertainment. The emirate has invested heavily in smart city technologies, sporting facilities, and digital innovation hubs, creating a conducive environment for this landmark event. Local authorities are confident that the Games will bolster Abu Dhabi’s reputation as a leader in hosting high-profile international sporting and cultural events.

The event will be staged across multiple venues, including state-of-the-art arenas equipped with immersive technologies, interactive fan zones, and digital broadcasting platforms. These setups are designed to offer spectators an unparalleled experience, allowing them to engage with the games through interactive apps, live data feeds, and virtual participation elements.

Key components of the Games will include virtual cycling races, drone racing, mixed-reality martial arts, and AI-assisted team sports. Each competition will be carefully crafted to balance physical skill with digital interaction, emphasising creativity, teamwork, and technological proficiency. Organisers have underscored the importance of fairness and integrity in the competition, with robust systems in place to ensure transparency and prevent cheating in both physical and digital realms.

Prominent figures in the world of sports technology have expressed optimism about the Games’ potential to accelerate the integration of digital tools in mainstream athletics. Experts argue that these innovations could provide new avenues for athlete training, injury prevention, and fan engagement. Furthermore, the Games of the Future could act as a testing ground for technologies that might soon become standard in traditional sports worldwide.

The event also reflects broader trends in the sports industry, where the lines between physical sports, esports, and entertainment are increasingly blurred. Sporting bodies and commercial partners are exploring hybrid formats as a way to reach diverse demographics and unlock new revenue streams. By hosting the Games, Abu Dhabi aims to position itself as a pioneer in this transformative phase.

Economic analysts project that the Games will generate significant benefits for the emirate, including increased tourism, job creation, and investment in related sectors such as technology, hospitality, and media production. The event’s timing aligns with Abu Dhabi’s broader economic diversification goals, supporting the emirate’s transition from a primarily oil-dependent economy to a knowledge-based, innovation-driven hub.

As the competition approaches, several international teams and technology companies are confirming participation, signalling robust global interest. Collaborative efforts between sporting federations, tech firms, and event organisers have been instrumental in developing the formats and rules, ensuring they are competitive, engaging, and scalable for future iterations.

The Games of the Future 2025 are expected to attract a wide media presence, with live broadcasts planned across multiple platforms to reach audiences worldwide. This extensive coverage will highlight both the athletic feats and the technological marvels on display, offering insights into how sports could evolve in the coming decades.

Organisers have committed to sustainability principles, incorporating eco-friendly practices throughout the event’s planning and execution. This includes energy-efficient venues, waste reduction initiatives, and promotion of digital engagement to minimise the carbon footprint typically associated with large-scale sports events.

The Games represent a convergence of sport, technology, and culture, reflecting the aspirations of a generation that embraces digital innovation while celebrating physical excellence. Abu Dhabi’s role as host underscores the emirate’s ambition to shape the future of global sports, setting a benchmark for how cities can adapt to and lead in the rapidly changing landscape of athletic competition.

World Liberty Financial , a cryptocurrency firm closely linked to President Donald Trump and his family, has sent a cease-and-desist letter to Fight Fight Fight LLC and NFT marketplace Magic Eden. The legal action follows the announcement of a new digital wallet branded as the “Official $TRUMP Wallet by President Trump,” which the Trump family asserts was launched without their approval.

The disputed wallet was unveiled earlier this week through the X account associated with the $TRUMP memecoin, a cryptocurrency project initiated by Fight Fight Fight LLC. The company, reportedly connected to longtime Trump associate Bill Zanker, partnered with Magic Eden to promote the wallet, inviting users to join a waitlist. However, the Trump family has publicly denied any involvement with the project.

Donald Trump Jr., Eric Trump, and Barron Trump have all issued statements distancing themselves from the wallet. Eric Trump cautioned against the unauthorized use of their family name, while Donald Trump Jr. emphasized that the Trump Organization had no connection to the project. He also revealed that the family is developing their own official wallet through World Liberty Financial.

World Liberty Financial, co-founded by the Trump family, has been actively expanding its presence in the cryptocurrency space. The firm has launched its own stablecoin, USD1, and is reportedly working on a crypto wallet focused on token yield generation. The company has attracted significant investment, including a $2 billion infusion from a firm associated with the Abu Dhabi government.

The emergence of the unauthorized $TRUMP Wallet has led to confusion and concern within the crypto community. The wallet’s website has experienced intermittent outages, and its X account has been suspended. Despite these issues, neither Fight Fight Fight LLC nor Magic Eden has commented on the dispute.

The Trump family’s foray into cryptocurrency has been marked by controversy. The $TRUMP memecoin, launched in January 2025, saw an initial surge in value before experiencing a significant decline. While the token generated substantial revenue through trading fees, it also raised ethical questions regarding the president’s dual role as a public official and a private entrepreneur.

Critics argue that the intertwining of the Trump family’s business interests with their political influence poses potential conflicts of interest. The lack of clear boundaries between governance and private enterprise has led to calls for greater transparency and regulatory oversight in the rapidly evolving crypto industry.

The United Arab Emirates and the United States are preparing to initiate negotiations for a potential bilateral trade agreement aimed at reducing or eliminating tariffs imposed during President Donald Trump’s administration on UAE steel and aluminium exports. These tariffs include a baseline 10% duty and a specific 25% tariff on steel and aluminium—which the Trump administration plans to double to 50%.

The UAE, whose steel and aluminium are significant non-oil exports and accounted for 8% of U.S. steel and aluminium consumption in 2024, is looking to leverage its history of swiftly concluded trade deals with nations such as India, Turkey, and Australia. While the U.S. may pursue a limited agreement rather than a full free trade pact, it is expected to be labeled a Comprehensive Economic Partnership Agreement , consistent with the UAE’s past trade deals.

The UAE, Washington’s largest trade partner in the Middle East with $34.4 billion in bilateral trade in 2024, is also a major U.S. investor and security ally, hosting American troops and planning $1.4 trillion in future U.S. investments. Both sides reportedly responded positively to the idea during Trump’s recent visit to Abu Dhabi, though a timeline for formal talks remains unclear.

The Trump administration’s decision to double tariffs on imported steel and aluminium to 50% took effect on June 4, 2025, impacting nearly all trading partners except the United Kingdom, which has a preliminary trade agreement with the U.S. The policy significantly affects major U.S. trading partners like Canada and Mexico, with Canada being the leading exporter of aluminium to the U.S. and both countries ranking high in steel exports.

UAE-based steel producers expect to escape major impact from the latest move by the U.S. to double tariffs on steel imports. The new tariffs apply to all trading partners except the UK, which struck a preliminary trade agreement with the U.S. last month. However, steel manufacturers in the UAE don’t anticipate a hard hit. The U.S. decision to double steel import tariffs “may have an indirect effect on market dynamics but is not expected to materially impact Emsteel’s business,” said Michael Rion, chief commercial officer at Emirates Steel, part of Abu Dhabi-listed Emsteel Group. The company has a “modest exposure” to the U.S. market, with exports accounting for less than 2% of total annual sales.

The UAE’s push for a trade agreement with the U.S. is part of its broader strategy to mitigate the impact of increased tariffs and strengthen economic ties. The potential agreement, discussed during President Trump’s visit to Abu Dhabi, seeks to address the challenges posed by the new tariffs and reinforce the economic partnership between the two nations.

The United Arab Emirates endured an unprecedented surge in temperatures throughout May, with daily highs consistently exceeding 40ºC and several locations surpassing the 50ºC threshold. The National Centre of Meteorology confirmed this month as the hottest May in the country’s recorded history, marking a significant intensification of the region’s ongoing climate challenges.

Several emirates, including Abu Dhabi, Dubai, and Sharjah, experienced prolonged heatwaves that pushed the limits of historic temperature records. The peak temperatures, which exceeded 50ºC in some desert areas, have drawn attention from climatologists and environmental experts, highlighting the accelerated warming trend affecting the Arabian Peninsula. Such extreme heat has severe implications for public health, energy consumption, and urban infrastructure in a region already grappling with water scarcity and rapid urbanisation.

Experts indicate that the exceptional heat is linked to a combination of global climate change and localized meteorological patterns. The Arabian Peninsula’s unique geography, characterised by vast desert expanses, amplifies temperature extremes. Scientists note that climate models have long predicted a rise in heatwaves for this region, but the speed and intensity of these recent temperature spikes are causing concern among environmental analysts.

The impact on daily life has been multifaceted. Health authorities have issued warnings to vulnerable populations, particularly the elderly, children, and outdoor workers, to take precautions against heat-related illnesses. Hospitals have reported an increase in cases of heat exhaustion and dehydration, putting added pressure on healthcare services during the traditionally hot summer months. Municipalities across the UAE have accelerated measures to provide shaded areas and cooling centres to mitigate risks posed by the extreme heat.

Economic sectors dependent on outdoor labour, such as construction and agriculture, have faced operational challenges due to the intense temperatures. Labour laws have been adjusted to ensure safer working hours, often restricting outdoor activities during peak heat periods. The government’s proactive approach to safeguarding workers aligns with international labour standards, but the economic cost of these adjustments remains under evaluation.

Energy demand in the UAE has surged sharply as residents and businesses increase air conditioning usage to cope with the oppressive heat. This spike in electricity consumption raises concerns about grid stability and the environmental impact of increased fossil fuel reliance, despite the country’s ongoing investments in renewable energy. The UAE’s ambitious clean energy goals, including the development of solar power plants and nuclear energy facilities, aim to offset the environmental footprint associated with higher cooling demands.

The National Centre of Meteorology continues to monitor the evolving weather patterns closely, providing regular updates and forecasts to assist government agencies and the public in preparing for ongoing heat conditions. Advanced satellite technology and climate modelling tools are being utilised to enhance prediction accuracy and early warning systems, essential for managing risks related to extreme weather events.

Regional cooperation is becoming increasingly important as neighbouring Gulf countries face similar climatic stresses. Collaborative efforts focus on sharing data, research, and best practices for adapting to higher temperatures and mitigating environmental impacts. Multilateral discussions have emphasised the need for coordinated climate action, recognising that the Arabian Peninsula’s vulnerability to heat extremes transcends national borders.

Urban planners and architects in the UAE are responding by integrating climate-resilient designs into new developments. Innovative cooling technologies, green spaces, and heat-reflective materials are being employed to reduce the urban heat island effect, which exacerbates temperature rises in city centres. These measures are critical as the UAE’s population continues to grow, with urban expansion increasing the demand for sustainable infrastructure solutions.

Environmental groups have stressed the urgency of addressing the underlying causes of climate change, calling for stronger policies on carbon emissions and investment in sustainable technologies. While the UAE has made progress through initiatives such as the UAE Energy Strategy 2050, activists argue that more aggressive actions are required to curb the escalating frequency and severity of heatwaves.

Academic research from regional universities supports these concerns, with studies showing a marked upward trend in temperature averages and heatwave duration over the last two decades. These findings are consistent with broader global warming trends but underscore the disproportionate effects experienced in desert environments.

Public awareness campaigns have played a crucial role in educating residents about heat safety and energy conservation. Government agencies, non-profits, and community organisations collaborate to distribute information on hydration, recognising symptoms of heat stress, and reducing energy use during peak hours. These initiatives aim to enhance community resilience and promote sustainable living practices in the face of climatic shifts.

Burjeel Holdings PLC has entered into a significant agreement with the Abu Dhabi National Oil Company to operate and manage the newly established Das Hospital on Das Island. This collaboration aims to enhance healthcare services for ADNOC employees and the island’s residents.

The state-of-the-art facility is designed to serve as the primary healthcare and emergency response hub for Das Island. Equipped with advanced infrastructure, it offers round-the-clock care, including outpatient specialties such as general surgery, internal medicine, family medicine, occupational health, ENT, dental, ophthalmology, and dedicated cardiac and pulmonary units. The hospital also features a fully equipped emergency department with a minor operating room, licensed pharmacies, and a dedicated blood bank.

Dr. Ghuwaya Al Neyadi, Senior Vice President of Group Medical & Wellbeing at ADNOC, emphasized the importance of this partnership, stating that the hospital will provide top-tier healthcare and emergency services, reinforcing ADNOC’s commitment to employee wellbeing.

John Sunil, Group CEO of Burjeel Holdings, expressed pride in the collaboration, highlighting the company’s dedication to extending high-quality healthcare to strategic and remote locations. He noted that the initiative reflects Burjeel Holdings’ commitment to clinical excellence, innovation, and agile operations in support of ADNOC’s vision for a safer and healthier future.

The hospital includes 23 inpatient beds across male and female quarantine and critical care units, capable of managing both acute and chronic cases. Advanced diagnostic imaging services, including X-ray, CT scan, and ultrasound, support comprehensive patient care. Additionally, a dedicated physiotherapy and rehabilitation unit, decontamination unit, ambulance bays, and a helipad are integral parts of the facility, ensuring readiness for medical evacuations and emergency responsiveness.

This development builds upon the foundation of the former Das Medical Center, significantly enhancing healthcare provision on the island. With the integration of inpatient facilities, advanced diagnostic capabilities, and surgical services, the new hospital ushers in a new era of comprehensive, high-quality care for the Das community. It will also serve as the first responder for medical emergencies while supporting preventive and rehabilitative care aligned with ADNOC’s occupational health guidelines.

EDGE, the United Arab Emirates’ premier defence technology conglomerate, has secured a landmark AED 9 billion contract with the Kuwait Ministry of Defence for the supply of eight FALAJ-3 class missile boats. This agreement represents the largest naval shipbuilding export in the Middle East and ranks among the highest-value naval export deals globally.

Under the terms of the contract, EDGE will serve as the prime contractor, overseeing the design, construction, trials, and delivery of the 62-metre vessels. The agreement also encompasses integrated logistics support and in-service support, with EDGE providing ammunition for the ships. Abu Dhabi Ship Building , EDGE’s naval subsidiary, has been designated as the build subcontractor for the programme.

Hamad Al Marar, Managing Director and CEO of EDGE, described the deal as a significant milestone that deepens long-term defence ties between the UAE and Kuwait. He emphasised that the agreement brings a proven class of advanced vessels into regional service and reinforces EDGE’s position as a trusted international partner. Al Marar highlighted the rapid industrial and engineering progress achieved by EDGE, noting the company’s ability to design, build, and deliver complex naval platforms at scale.

The FALAJ-3 class missile boats are designed for high performance and advanced combat capabilities, tailored to meet Kuwait’s operational requirements. These vessels are equipped for littoral defence operations, featuring advanced combat systems and enhanced capabilities to safeguard Kuwait’s maritime interests.

The Kuwaiti Ministry of Defence stated that the acquisition of these vessels will contribute to raising the level of combat readiness, enhancing maritime security, and protecting the vital and strategic maritime interests of the State of Kuwait. The ministry highlighted that the contract aligns with Kuwait’s strategic objectives to bolster its naval capabilities and ensure the security of its territorial waters.

The FALAJ-3 class has also been adopted by the UAE Navy, with the first vessel, ALTAF, commissioned into service in February 2025. This operational deployment underscores the vessel’s proven capability and performance in regional waters.

The signing ceremony was attended by Sheikh Dr. Abdullah Meshal Mubarak Al Sabah, Undersecretary of the Kuwait Ministry of Defence; Dr. Matar Al Neyadi, UAE Ambassador to Kuwait; Hamad Al Marar, Managing Director and CEO of EDGE; and Omar Al Zaabi, President of Trading and Mission Support at EDGE.

This contract is not the first collaboration between EDGE and Kuwait. Previously, EDGE subsidiary ADSB delivered eight landing craft to Kuwait and provided maintenance, repair, and overhaul services to the Kuwaiti Coast Guard. The current agreement further solidifies the defence partnership between the two nations and demonstrates EDGE’s commitment to delivering comprehensive defence solutions.

The FALAJ-3 class vessels are based on the Fearless-class ships originally designed by Singapore’s ST Engineering for the Republic of Singapore Navy. EDGE has adapted and enhanced these designs to meet the specific needs of regional clients, offering a versatile platform capable of operating in both littoral and blue waters. The vessels can be equipped with a range of weapons, including missiles, rockets, and medium-calibre guns, providing robust defensive capabilities against various threats.

Aldar Properties has unveiled a Dhs40 billion mixed-use development on Fahid Island, a 3.4 million square metre natural island situated between Yas and Saadiyat Islands in Abu Dhabi. The project aims to transform the island into a premier coastal wellness destination, featuring over 4,000 residential units, retail outlets, hospitality venues, and community facilities.

The first phase, Fahid Beach Residences, will comprise seven beachfront buildings, each housing 65 residences, offering a blend of apartments, townhouses, and ultra-luxury beach and mangrove villas. The development capitalises on the island’s 11 km of waterfront, including 4.6 km of pristine beaches and iconic mangroves, providing residents with prime sea views and direct beach access.

Aldar acquired the island for AED 2.5 billion, with the acquisition consideration to be paid over five years. The gross development value of the project stands at AED 26 billion. The development will include a school, retail and hospitality offerings, and a wide array of community facilities, aiming to create a vibrant and integrated community.

The project emphasises sustainability, with eco-friendly construction practices and measures to protect local wildlife and preserve natural resources. The lush mangroves surrounding the island are to be preserved, enhancing the area’s natural ecosystem.

Aldar’s CEO, Talal Al Dhiyebi, stated that the acquisition solidifies the company’s presence on the Yas-Saadiyat corridor and strengthens its ability to deliver sustainable value to Abu Dhabi and its communities. Jonathan Emery, CEO at Aldar Development, noted that Al Fahid Island presents a robust pipeline of development activity, catering to the strong appetite for ultra-luxury products in Abu Dhabi’s premier locations.

PureHealth, the Middle East’s largest healthcare group, has announced that its total investment in locally sourced goods and services has reached AED 2.25 billion, reinforcing its commitment to the UAE’s National In-Country Value Programme. This milestone was highlighted during the 2025 edition of the “Make it in the Emirates” initiative, underscoring the group’s dedication to enhancing the nation’s industrial and healthcare sectors.

In 2024 alone, PureHealth channelled AED 1 billion into the national economy, marking a 38% increase compared to the previous year. This significant uptick aligns with the UAE’s strategic objectives to localise supply chains, promote national enterprises, and accelerate economic diversification.

Since joining the Ministry of Industry and Advanced Technology’s ICV Programme in 2022, PureHealth has set an ambitious target to allocate AED 13 billion towards local procurement by 2032. The group’s efforts are in tandem with the UAE’s broader industrial strategy, which aims to elevate the industrial sector’s GDP contribution to AED 300 billion by 2031.

Shaista Asif, Group Chief Executive Officer of PureHealth, emphasised the long-term vision behind this investment, stating, “By advancing our In-Country Value goals, we are localising critical supply chains, supporting homegrown innovation, and enabling the development of advanced healthcare manufacturing capabilities. This is not just about meeting today’s needs, but building a sustainable, self-sufficient healthcare system that serves UAE communities for generations to come while supporting the nation’s economic and industrial ambitions.”

The group’s commitment is evident in the strong ICV performance across its subsidiaries. Abu Dhabi Health Services Company holds the highest ICV score in the UAE healthcare sector at 81.13%, while Daman, the leading health insurer, ranks second in the UAE insurance sector with a score of 71.86%. Additionally, PureLab and The Medical Office have secured their ICV certifications, and Sheikh Shakhbout Medical City is expected to receive its certification later this year, moving the group closer to full compliance.

Leya Al Damani, Chief Sustainability Officer at PureHealth, highlighted the synergy between sustainability and localisation, noting, “Through partnerships with UAE-based suppliers that share our environmental and quality standards, we are creating long-term value that benefits both our healthcare system and the national economy. The National In-Country Value Programme gives us a powerful framework to scale this impact measurably and responsibly, while also fostering a supportive environment for the growth of small and medium-sized enterprises across the country.”

First Abu Dhabi Bank , the largest lender in the United Arab Emirates by assets, is set to raise approximately $480 million through a secondary share offering. The transaction involves the sale of around 113 million shares at a fixed price of 15.5 dirhams per share, representing a 3.7% discount to the bank’s closing price of 16.1 dirhams on the Abu Dhabi Securities Exchange. Citi, acting as the bookrunner, confirmed that the offering was fully subscribed, with demand surpassing the number of shares available.

The identity of the selling shareholder remains undisclosed. FAB’s largest stakeholder is Mubadala Investment Company, Abu Dhabi’s sovereign wealth fund, which manages assets exceeding $330 billion. As of the end of March, FAB reported total assets of 1.31 trillion dirhams, underscoring its dominant position in the region’s banking sector.

The oversubscription of the share sale indicates robust investor confidence in FAB’s financial health and strategic direction. The bank has been actively pursuing growth opportunities beyond the Gulf region. Two years ago, FAB explored a potential acquisition of London-listed Standard Chartered, signaling its ambition to expand its international footprint.

Under the leadership of Group CEO Hana Al Rostamani since 2021, FAB has undergone significant restructuring to enhance operational efficiency and shareholder returns. The bank reorganized its operations into four new divisions and appointed Linos Lekkas, a veteran from Citi, as the head of its investment banking division. This strategic realignment aims to strengthen FAB’s position in the Gulf and support its expansion plans.

FAB’s strong financial performance further bolsters investor sentiment. In the first quarter, the bank reported a 23% increase in net profit, driven by growth in non-interest income from fees and commissions. This performance exceeded analysts’ expectations and reflects the bank’s diversified revenue streams and effective cost management.

Passenger traffic across the Middle East is projected to reach 530 million by 2043, doubling from current levels, according to forecasts presented at the International Air Transport Association Annual General Meeting held in Dubai. This growth represents an average annual increase of 3.9% over the two-decade period from 2023 to 2043, slightly outpacing the global average of 3.8%.

Kamil Al Awadhi, IATA’s Regional Vice President for Africa and the Middle East, highlighted the region’s strategic geographic position and robust infrastructure investments as key drivers of this anticipated growth. He noted that Middle Eastern carriers have fully recovered from the pandemic-induced downturn, with cargo performance also showing a 6.4% increase as of April 2024.

The surge in passenger numbers is underpinned by significant investments in airport infrastructure across the region. Dubai has initiated the expansion of Al Maktoum International Airport, with plans to accommodate up to 260 million passengers annually upon completion, positioning it as the world’s largest airport. In Abu Dhabi, a new terminal commenced operations in November, enhancing the capital’s capacity to handle increased traffic. Qatar continues to expand Hamad International Airport in Doha, while Saudi Arabia has launched Riyadh Air and announced the development of a new terminal in Riyadh with a capacity for 120 million passengers annually.

These developments are complemented by the region’s efforts to diversify economies and reduce reliance on oil revenues. Saudi Arabia’s Vision 2030 initiative, for instance, emphasizes tourism and infrastructure development, with the Red Sea International Airport beginning operations in September 2023 to serve the burgeoning tourism sector.

The Middle East’s role as a global aviation hub is further reinforced by its proximity to emerging markets in South Asia and Africa. This strategic location allows airlines to offer efficient connectivity between East and West, capitalizing on the growing demand for air travel in these regions.

Industry analysts suggest that the anticipated growth will necessitate a corresponding increase in fleet size and workforce. Airlines are expected to place substantial orders for new aircraft to meet demand, while also investing in training programs to ensure a skilled workforce capable of supporting expanded operations.

Environmental considerations remain a focal point, with IATA members committed to achieving carbon-neutral growth from 2020 and a 50% reduction in net aviation carbon emissions by 2050 relative to 2005 levels. Airlines in the region are exploring sustainable aviation fuels and more efficient aircraft to align with these goals.