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Abu Dhabi’s Etihad Airways has delayed its anticipated $1 billion initial public offering until at least next month, following the Eid al-Fitr holiday, according to individuals familiar with the matter.

While the airline had not officially announced a specific date for the IPO, sources previously indicated that an announcement was expected last week, coinciding with Etihad’s report of a significant profit increase. This IPO would mark the first major Gulf airline listing in nearly two decades.

The reasons for the postponement remain undisclosed, with insiders speaking on condition of anonymity due to the sensitivity of the information. Both Etihad and its owner, Abu Dhabi’s $225 billion wealth fund ADQ, declined to comment on the matter.

Etihad, established in 2003, had planned to offer approximately 20% of its business through the IPO to fund its growth ambitions. The airline recently reported a net profit of $476 million, more than tripling its earnings from the previous year. This financial upturn follows a multi-year restructuring and management overhaul, with expansion efforts underway under the leadership of CEO Antonoaldo Neves.

The Gulf region’s airline sector has faced challenges such as delivery delays, labor disruptions, rising costs, and engine issues. In this context, Etihad’s planned IPO could present a promising opportunity for investors, highlighting the resilience and potential of the Middle Eastern aviation market.

Etihad’s strategic initiatives include enhancing Abu Dhabi’s position as a global travel hub connecting Asia and Europe. The airline aims to expand its network to over 125 destinations and increase its fleet to more than 160 aircraft by 2030. These efforts are part of the “Journey 2030” strategy, focusing on sustainable growth and operational excellence.

Abu Dhabi’s Etihad Airways has deferred its anticipated $1 billion initial public offering until at least next month, following the Eid al-Fitr holiday, according to individuals familiar with the matter. While the airline had not officially announced a specific date for the IPO, sources indicated that an announcement was expected last week, coinciding with Etihad’s report of a substantial profit increase. The reasons for the delay remain undisclosed, as those privy to the situation have chosen to remain anonymous. Both Etihad and its parent company, Abu Dhabi’s $225 billion wealth fund ADQ, have declined to comment on the postponement.

The planned IPO is significant, marking the first major listing of a Gulf airline in nearly two decades. Etihad, established in 2003, had intended to offer approximately 20% of its business through the share issuance to support its growth ambitions. The airline has undergone extensive restructuring and management changes in recent years but has shown signs of expansion under the leadership of CEO Antonoaldo Neves. In its latest financial disclosures, Etihad reported a net profit that more than tripled to $476 million, reflecting a robust recovery in the aviation sector.

The Gulf region has witnessed a surge in IPO activity as governments seek to diversify their economies beyond oil revenues. Etihad’s move to go public aligns with this broader strategy, aiming to attract foreign investment and enhance corporate governance. However, the airline industry globally has faced challenges, including delivery delays, labor disruptions, and rising operational costs. Despite these hurdles, Etihad’s planned IPO has been viewed as a potential bright spot for investors, given the airline’s strategic position and growth prospects.

The delay in the IPO may prompt investors and industry analysts to reassess the timing and valuation of the offering. Market conditions, geopolitical factors, and internal strategic considerations often influence such decisions. As the new timeline extends beyond the Eid al-Fitr holiday, stakeholders will be keenly observing Etihad’s next steps and any further communications regarding the IPO.

Merger and acquisition activity in the Middle East and North Africa region experienced a significant uptick in 2024, with total deal value reaching $92.3 billion, a 7% increase from the previous year. The number of deals also rose by 3%, totaling 701 transactions compared to 679 in 2023. This growth has been largely attributed to substantial reforms in capital markets, strategic policy changes, and enhanced efforts to attract foreign investments.

The Gulf Cooperation Council countries were at the forefront of this surge, accounting for 580 deals worth $90 billion. Cross-border transactions played a pivotal role, representing 52% of the total deal volume and 74% of the overall value. Sovereign wealth funds such as the Abu Dhabi Investment Authority , Mubadala Investment Company from the United Arab Emirates , and the Public Investment Fund from Saudi Arabia were instrumental in driving this activity.

The UAE emerged as a key player, recording the region’s largest M&A deal of the year. Clayton Dubilier & Rice, Stone Point Capital, and Mubadala Investment announced the acquisition of Truist Insurance for $12.4 billion. Following closely, Saudi Aramco acquired a 22.5% stake in Rabigh Refining and Petrochemical Company from Japan’s Sumitomo Chemical for $8.9 billion. Additionally, a consortium comprising PAG, Mubadala, and ADIA acquired a 60% stake in China’s Zhuhai Wanda Commercial Management Group for $8.3 billion.

Outbound deals dominated the M&A landscape, contributing 61% of the total deal value with 199 transactions amounting to $56.6 billion. The MENA region continued to attract foreign direct investment, with 163 inbound deals valued at $11.4 billion, marking an 18% increase in volume and a 42% surge in value compared to 2023.

Sector-wise, technology and consumer products led in deal volume, each experiencing a 10% year-on-year increase. The United States stood out as the largest acquiring country outside the region, with 48 transactions totaling $4.6 billion.

The UAE maintained its position as a preferred investment destination, achieving the highest volume and value for inbound transactions. The country recorded 96 deals valued at $7.6 billion, representing 67% of the total deal value. The technology sector was particularly vibrant, with 35 deals driven by the nation’s focus on artificial intelligence, cybersecurity, and digital transformation. Notably, Microsoft’s $1.5 billion acquisition of Abu Dhabi’s Group 42 underscored the strengthening ties between the UAE and the United States.

Saudi Arabia also attracted significant investment, with the UAE and Saudi Arabia collectively reporting 318 deals valued at $29.6 billion. Both countries were among the top bidders in the MENA region, highlighting their active participation in the M&A landscape. In 2024, the United States was the favored target destination for MENA investors, with 41 deals amounting to $19.9 billion.

Domestic M&A activity saw an uptick, contributing 48% of the total deal volume with 339 deals, up from 333 in 2023. The combined disclosed value of domestic transactions stood at $24.4 billion. The technology and consumer products sectors attracted increased investor interest, fueled by digital transformation and evolving consumer behaviors, together accounting for 35% of the total domestic deal volume.

The oil and gas sector continued its upward trajectory, leading in disclosed deal value with $9 billion, representing 37% of the total domestic deal value. This was largely due to Saudi Aramco’s $8.9 billion acquisition of Rabigh Refining and Petrochemical Company.

The United Arab Emirates has solidified its position as a global nexus for trade and investment, with Ernst & Young projecting the nation to be among its fastest-growing markets worldwide in the next five to ten years. This optimistic outlook is attributed to substantial opportunities for collaboration across both public and private sectors, as highlighted by Anthony O’Sullivan, EY’s Managing Partner in the UAE.

Speaking at Investopia 2025 in Abu Dhabi, O’Sullivan emphasized EY’s strategic focus on the UAE and the broader Middle East and North Africa region. He noted that EY’s global leadership is keenly aware of the region’s attractive investment climate and robust economic growth policies, which have been instrumental in fostering a conducive environment for business expansion.

EY’s commitment to the UAE is underscored by its longstanding presence since 1966, with its Dubai office now serving as the largest in the region, housing several regional leaders and key clients. This deep-rooted establishment has enabled EY to play a pivotal role in the nation’s economic diversification efforts, aligning with the UAE’s Vision 2031 plan to reduce oil dependency and promote sustainable growth.

The UAE’s strategic initiatives have yielded tangible results. In 2024, the nation achieved a record non-oil trade value of 3 trillion dirhams , marking a 14.6% increase from the previous year. This milestone reflects the UAE’s proactive approach in forging Comprehensive Economic Partnership Agreements with various countries, enhancing its global trade relations. Notably, exports to CEPA partner nations surged by 42.3% in 2024, accounting for a quarter of the total non-oil exports.

O’Sullivan also highlighted the transformative role of technology and artificial intelligence across various sectors. He asserted that these technologies are vital in enhancing operational efficiency and improving financial compliance. “Technology and data are now integral to any business, particularly in consulting,” he stated. “We utilize AI to enhance tax compliance, helping clients meet regulatory requirements more efficiently. AI also plays a role in financial auditing, enabling better financial data analysis and consistency, allowing teams to focus on advisory services rather than routine tasks.”

EY’s integration of AI-driven solutions extends beyond internal processes. The firm leverages its extensive global network and consultancy expertise to assist clients in adopting these advanced technologies, thereby bolstering their competitiveness in an increasingly digital economy.

The UAE’s appeal as a consulting hub is further amplified by its strategic location and favorable business environment. The Gulf Cooperation Council region, which includes the UAE, experienced a 13.2% growth in consultancy services in 2023. This surge is driven by national efforts to diversify economies away from oil reliance, with major consulting firms establishing strong presences to support public sector projects and economic transformation initiatives.

Etihad Airways is set to announce the launch of an initial public offering worth $1 billion, sources have revealed. This marks a significant milestone in the aviation industry, as it would be the first public listing by a major Gulf airline in nearly two decades.

The airline, which is fully owned by Abu Dhabi’s sovereign wealth fund ADQ, intends to offer 20% of its business to the public, with the funds raised being allocated towards accelerating its expansion plans. The decision to go public highlights Etihad’s ambitions to position itself as a stronger player in the global airline industry.

The move also underscores the growing trend among Gulf-based companies to raise capital through IPOs, following a wave of high-profile listings in the region. The Middle East has witnessed a surge in IPO activity in recent years, driven by a desire for diversification and economic growth, in line with the region’s broader efforts to reduce reliance on oil revenues.

Etihad’s decision to open up its equity to public investors is part of a larger strategy aimed at enhancing its operational capabilities and competing more effectively with regional and international rivals. The airline’s plans include expanding its fleet, increasing flight frequencies, and potentially adding new routes to cater to growing demand in key global markets.

The IPO also reflects the broader changes taking place in the aviation sector, particularly in the Gulf region. Airlines in the region, such as Emirates and Qatar Airways, have been aggressively investing in their fleets and expanding their networks in a bid to capture more market share. Etihad’s move to become a publicly traded entity comes as the airline looks to consolidate its position as a leading regional carrier, competing with its peers.

Sources close to the matter suggest that Etihad’s management team is optimistic about the potential success of the IPO, given the ongoing recovery in the global travel industry following the challenges posed by the COVID-19 pandemic. The airline is reportedly confident that investors will be attracted to its growth prospects, as air travel demand rebounds and the aviation sector experiences a strong recovery.

The IPO will be managed by a consortium of financial institutions, which are expected to handle the share sale process. The precise timing of the launch is yet to be confirmed, but it is anticipated to take place in the coming days. As part of the offering, Etihad is likely to sell a portion of its shares to institutional investors, with a smaller portion allocated to retail investors.

Etihad Airways has faced a challenging few years as it navigated the impacts of the global pandemic, which resulted in a significant decline in air travel demand. However, the airline has implemented a series of cost-cutting measures and streamlined its operations in an effort to adapt to the changing market environment. These efforts, coupled with its focus on expanding its network and enhancing its product offering, have positioned Etihad for long-term growth.

Despite the challenges faced by the airline, Etihad has remained committed to its vision of becoming a global aviation leader. The airline’s investment in new technologies, customer service initiatives, and sustainability measures has helped bolster its reputation and attract a loyal customer base. By tapping into the capital markets, Etihad hopes to strengthen its financial position and continue to invest in its future growth.

The IPO is expected to be closely watched by market analysts, investors, and industry experts alike, as it could signal the beginning of a new era for Gulf airlines. If successful, Etihad’s IPO could set a precedent for other regional carriers considering similar moves. Airlines in the region are under increasing pressure to modernize their fleets, improve operational efficiencies, and adapt to changing consumer preferences.

Etihad’s decision to go public is part of the wider trend in the Gulf region, where state-owned companies are increasingly seeking to diversify their operations and raise funds to support growth initiatives. The UAE government has been actively encouraging the privatization of certain state-owned entities to promote economic development and attract foreign investment.

Abu Dhabi’s Tadweer Group has partnered with FAMS Technologies to introduce the region’s first AI-driven Integrated Waste Management Platform, marking a significant advancement in the emirate’s approach to waste management. This innovative platform leverages Artificial Intelligence and the Internet of Things to enhance efficiency and sustainability across all stages of waste handling.

The newly launched platform is designed to revolutionise waste management by integrating AI and IoT technologies into every phase, from collection to disposal. By utilising real-time data and predictive analytics, the system aims to optimise waste collection routes, monitor processing facilities, and improve overall operational efficiency. This approach not only reduces operational costs but also minimises environmental impact by decreasing carbon emissions associated with waste transportation and processing.

Eng. Ali Al Dhaheri, CEO and Managing Director of Tadweer Group, emphasised the transformative potential of this initiative, stating that the collaboration with FAMS Technologies aligns with Tadweer’s mission to build an integrated waste management system and drive the conversion of waste into an economic asset. He highlighted that the AI-driven platform is a testament to their commitment to redefining waste management in the emirate and keeping pace with the global transition towards a circular economy.

The partnership with FAMS Technologies brings together Tadweer’s extensive experience in waste management and FAMS’s expertise in AI and IoT solutions. This collaboration is poised to set new benchmarks in the industry, positioning Abu Dhabi as a leader in adopting cutting-edge technologies for environmental sustainability. The AI-Integrated Waste Management Platform is expected to serve as a model for other regions aiming to modernise their waste management practices.

In addition to technological advancements, the platform is designed with scalability in mind, allowing for future expansions and integrations. This flexibility ensures that the system can adapt to the growing needs of Abu Dhabi’s urban landscape and its increasing waste management demands. The platform’s modular architecture facilitates the incorporation of new technologies and processes as they emerge, ensuring that Abu Dhabi remains at the forefront of sustainable waste management practices.

The implementation of this AI-driven platform is anticipated to have far-reaching economic benefits. By streamlining operations and reducing waste-related expenditures, the system is expected to generate cost savings for the municipality. These savings can be redirected towards other sustainability initiatives, further enhancing the city’s environmental stewardship. Moreover, the platform’s data-driven approach provides valuable insights that can inform policy decisions and strategic planning in waste management.

Environmental experts have lauded this initiative as a significant step towards achieving a circular economy in the region. By transforming waste into a resource through efficient management and processing, Abu Dhabi is making strides in reducing its ecological footprint. The AI-Integrated Waste Management Platform exemplifies how technology can be harnessed to address environmental challenges, setting a precedent for other cities worldwide.

This development comes as part of Tadweer Group’s broader strategy to enhance sustainability and environmental responsibility in Abu Dhabi. The group has been actively involved in various initiatives aimed at promoting recycling, waste reduction, and resource optimisation. The introduction of the AI-driven platform complements these efforts, providing a comprehensive solution that addresses multiple facets of waste management.

The Abu Dhabi Securities Exchange has announced the formation of the ADX Group, a strategic initiative aimed at enhancing the emirate’s investment environment through innovation and increased global connectivity. This move is designed to establish a future-ready capital market by upgrading market infrastructure, introducing new post-trade services, and expanding market access.

The ADX Group’s primary objective is to create a robust and reliable international marketplace that facilitates capital raising and investment flows, thereby bolstering financial resilience and stability. By integrating advanced technologies and services, the group aims to attract a broader spectrum of regional and global investors, offering them seamless access to Abu Dhabi’s diverse and dynamic economic sectors.

In alignment with its commitment to innovation, the ADX Group plans to implement a state-of-the-art trading platform. This platform is expected to enhance trading efficiency, provide real-time market data, and support a wide range of financial instruments, including equities, debt securities, exchange-traded funds, and derivatives. The introduction of new post-trade businesses will further streamline settlement processes, reduce operational risks, and improve overall market liquidity.

The establishment of the ADX Group is a significant milestone in Abu Dhabi’s ongoing efforts to position itself as a leading global financial hub. By fostering an environment conducive to investment and innovation, the group aims to drive economic growth and diversification, aligning with the broader strategic vision of the United Arab Emirates.

This development comes on the heels of several strategic initiatives undertaken by ADX to enhance its market infrastructure and global reach. Notably, ADX has partnered with international entities to expand its services and attract foreign investments. For instance, the collaboration with FTSE Russell led to the launch of the FTSE ADX 15 Islamic Index, catering to the growing demand for Shariah-compliant investment options. This index provides a comprehensive benchmark for Islamic investors, reflecting ADX’s commitment to inclusivity and market diversification.

In addition, ADX has leveraged the ICE Global Network to offer direct market access to global investors. This partnership facilitates real-time access to market data and order entry, thereby broadening the exchange’s international investor base and enhancing its global connectivity. Such initiatives underscore ADX’s strategic vision to integrate advanced technologies and foster collaborations that enhance its market infrastructure and accessibility.

The ADX Group’s formation is also expected to complement Abu Dhabi’s broader economic objectives, including the promotion of sustainable investments and the development of a knowledge-based economy. By providing a platform that supports innovative financial products and services, the group aims to attract a diverse range of investors and issuers, thereby contributing to the emirate’s economic resilience and long-term prosperity.

The consortium of banks includes Citigroup and Standard Chartered Bank as Joint Global Coordinators. Additionally, Citigroup, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, and Standard Chartered Bank have been appointed as Joint Lead Managers and Joint Bookrunners. Abu Dhabi Commercial Bank will serve as Co-Manager for the issuance. Notably, Citigroup, First Abu Dhabi Bank, and Standard Chartered are also acting as Joint Green Structurers, underscoring the green credentials of the sukuk.

This forthcoming green sukuk is part of Tabreed’s broader strategy to refinance existing debt and invest in environmentally sustainable projects. The company has previously issued two $500 million fixed-income instruments: a sukuk in October 2018 and a bond in October 2020. These issuances were supported by Tabreed’s strong credit quality and consistent revenue streams. In line with its commitment to maintaining an optimal debt structure, Tabreed has implemented a conservative debt policy to preserve its investment-grade status, currently rated Baa3 by Moody’s and BBB by Fitch.

In 2022, Tabreed established a Green Finance Framework to align its financing activities with its sustainability objectives. This framework adheres to the Green Bond Principles 2021 and the Green Loan Principles 2021, ensuring that funds raised are allocated to projects with clear environmental benefits. Eligible projects under this framework include investments in energy-efficient district cooling systems, sustainable water and wastewater management, green buildings, and renewable energy initiatives. The framework has received a Second Party Opinion from Sustainalytics, confirming its alignment with the aforementioned principles.

The proceeds from the upcoming green sukuk will be utilized to refinance Tabreed’s existing debt, including the $500 million sukuk issued in 2018, which is due to mature in October 2025. This refinancing effort is part of Tabreed’s proactive approach to debt management, aiming to reduce financing costs and extend debt maturities. Earlier, the company announced plans to issue green bonds or sukuk to refinance $1.2 billion in debt, reflecting its commitment to sustainable financing practices.

Tabreed’s financial performance has remained robust, with the company reporting increased revenue and profits for the year 2024. The company’s revenue reached AED 2.434 billion, with a net profit before tax of AED 624 million, representing a 4% increase over the previous year. Earnings before interest, taxes, depreciation, and amortization also saw a 5% year-on-year increase, amounting to AED 1.252 billion, with an improved margin of 51%. These financial metrics underscore Tabreed’s strong operational performance and prudent financial management.

The decision to issue a green sukuk aligns with the UAE’s broader sustainability goals and the global trend towards green financing. Green sukuk, Islamic bonds specifically earmarked for environmentally friendly projects, have gained traction in recent years as investors increasingly prioritize sustainable investments. By tapping into this growing market, Tabreed not only reinforces its commitment to environmental stewardship but also appeals to a broader base of socially responsible investors.

Tabreed’s leadership in the district cooling sector is complemented by its dedication to innovation and sustainability. The company’s investments in energy-efficient cooling solutions contribute significantly to reducing greenhouse gas emissions and promoting energy conservation in the region. As urbanization and demand for cooling services continue to rise, Tabreed’s sustainable practices position it well to meet these challenges while supporting the UAE’s vision for a greener future.

The successful issuance of the green sukuk will further enhance Tabreed’s financial flexibility, enabling the company to pursue strategic growth opportunities and invest in cutting-edge technologies. Moreover, it sets a benchmark for other companies in the region to adopt sustainable financing mechanisms, fostering a culture of environmental responsibility within the corporate sector.

President Sheikh Mohamed bin Zayed Al Nahyan’s state visit to Italy has significantly bolstered the relationship between the United Arab Emirates and Italy. During a dinner banquet hosted by Italian President Sergio Mattarella, both leaders expressed their commitment to enhancing bilateral cooperation across various sectors.

President Mattarella welcomed Sheikh Mohamed and his delegation, highlighting the deep-rooted ties between the two nations and their mutual desire to further strengthen collaboration for the benefit of their peoples. In response, Sheikh Mohamed conveyed his appreciation for the warm reception and emphasized the strategic partnership’s ongoing growth. He noted that this visit reflects both countries’ aspirations to work together towards elevated cooperation and joint economic development.

A symbolic exchange of honors took place during the banquet. Sheikh Mohamed awarded President Mattarella the Order of Zayed, the UAE’s highest civilian honor bestowed upon world leaders. In return, President Mattarella conferred upon Sheikh Mohamed the Order of Merit of the Italian Republic, Italy’s highest accolade for foreign dignitaries.

The UAE delegation accompanying Sheikh Mohamed included Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs; Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs; and Sheikh Mohammed bin Hamad bin Tahnoon Al Nahyan, Advisor to the UAE President. The Italian side was represented by several ministers, senior officials, and other dignitaries.

As Sheikh Mohamed’s aircraft entered Italian airspace, it was ceremoniously escorted by a squadron of Italian military jets, symbolizing the importance of this visit. This gesture underscores the mutual respect and the strengthening ties between the two nations.

The discussions between the leaders encompassed a wide range of topics, including investment opportunities, advancements in artificial intelligence, and cultural exchanges. Both countries are keen to explore collaborative ventures in these areas to foster innovation and economic growth.

Energy cooperation emerged as a focal point during the talks. The UAE’s Abu Dhabi National Oil Company and Italy’s energy giant Eni are expanding their partnership beyond traditional oil and gas sectors. Their collaboration now includes renewable energy projects, aligning with global efforts to transition towards sustainable energy solutions.

Defense and security were also prominent on the agenda. Italy’s Leonardo remains a key supplier to the UAE Armed Forces, and both nations are exploring avenues to deepen their defense cooperation. This includes potential joint ventures and knowledge exchange programs aimed at enhancing the capabilities of their respective armed forces.

Emerging sectors such as climate change mitigation, food security, and the space industry were identified as promising areas for future collaboration. Both countries recognize the importance of addressing global challenges through joint initiatives and are committed to working together to develop innovative solutions.

This visit follows Italian Prime Minister Giorgia Meloni’s diplomatic mission to Abu Dhabi, which took place approximately a month prior. During that visit, multiple cooperation agreements were signed, including a significant energy deal involving Albania. These developments signify a renewed vigor in UAE-Italy relations, moving beyond traditional frameworks to embrace broader regional and global partnerships.

Analysts suggest that the UAE-Italy relationship is evolving into a strategic alliance with the potential to influence regional dynamics. Both nations are positioning themselves as key players in the Indo-Mediterranean region, leveraging their economic and geopolitical strengths to foster stability and prosperity.

The leaders also discussed the possibility of developing trilateral and regional alliances, particularly focusing on Africa and East Asia. While Italy prioritizes Eastern Europe, the UAE maintains a strong focus on Africa, creating opportunities for strategic alignment and collaborative initiatives in these regions.

The Gulf Cooperation Council economies are poised to outpace global economic growth in 2025, driven by strategic diversification efforts and robust non-oil sector expansion. According to First Abu Dhabi Bank’s latest Global Investment Outlook report, the GCC’s gross domestic product is projected to nearly double, reaching 3.6% in 2025, surpassing the International Monetary Fund’s global growth forecast of 2.8%.

Saudi Arabia stands at the forefront of this regional surge, with its non-oil GDP anticipated to grow by 4.4% in 2025, up from 3.5% the previous year. This projection aligns with PwC’s analysis, which also foresees a 4.4% expansion in the kingdom’s non-oil economy for the same period. The IMF further estimates that Saudi Arabia’s overall economy will expand by 3.3% in 2025, with growth accelerating to 4.1% in 2026. This optimistic outlook is bolstered by Moody’s recent upgrade of Saudi Arabia’s sovereign credit rating to Aa3, reflecting the success of its economic diversification initiatives and reduced reliance on oil revenues.

The United Arab Emirates is also projected to experience significant economic growth. The IMF forecasts a 5.1% increase in the UAE’s GDP for 2025, while the World Bank anticipates growth rates of 4% in 2025 and 4.1% in 2026. These projections are underpinned by the UAE’s strategic investments in non-oil sectors, business-friendly regulations, and a low corporate tax regime. S&P Global Ratings highlights that the UAE’s GDP growth is expected to remain strong between 2025 and 2027, supported by buoyant non-hydrocarbon activities.

Oxford Economics echoes this positive sentiment, predicting that the GCC’s regional GDP growth will nearly double to 3.6% in 2025, outpacing the global forecast of 2.8%. This growth is attributed to gradual increases in oil production and sustained robust trajectories in non-energy sectors. The World Bank concurs, projecting that the GCC region will grow by 3.4% in 2025 and 4.1% in 2026, compared to an expected 3.3% growth rate for the broader Middle East and North Africa region.

FAB’s Group Head of Global Private Banking, Michel Longhini, emphasized the region’s resilience, stating, “The 2025 global economic environment presents unique challenges, but the GCC region continues to stand out as a beacon of resilience and opportunity.” This resilience is further demonstrated by the UAE’s non-oil GDP growth, which is expected to remain strong at 4.9% in 2024 and 5% in 2025, supported by government initiatives to attract foreign investments and promote economic diversification.

In Saudi Arabia, economic growth is expected to accelerate in 2025 due to an increase in oil production, following two years of modest performance. A Reuters poll of economists indicates that the kingdom’s economy is forecasted to grow by 4.4% in 2025, up from an anticipated 1.3% this year. This growth is driven by plans to reverse previous production cuts and bolster non-oil revenues.

Jebel Ali Free Zone has entered into a partnership with Indian multinational food brand Haldiram’s to establish one of the largest saffron processing facilities in the Gulf Cooperation Council region. The agreement was formalised during the Gulfood event in Dubai.

Scheduled to commence operations in March 2025, the facility will be managed by Kesar Expert & Packers, a company with 22 years of experience in high-quality saffron processing in India. The plant aims to obtain the globally recognised European BRCGS certification, ensuring the quality and purity of its saffron products.

Initially, the hub will process 30 metric tonnes of saffron annually, with plans to expand capacity to 100 metric tonnes over the next five years. This growth strategy will leverage the Comprehensive Economic Partnership Agreement between the UAE and India, as well as the advanced connectivity and infrastructure provided by Jebel Ali Port and Jafza.

The collaboration also explores further avenues, including expanding Haldiram’s presence in Dubai and investing in additional food processing and distribution facilities. This initiative underscores Dubai’s position as a global trade hub, bolstered by Jafza’s thriving food and beverage sector, which currently hosts over 770 companies.

This development aligns with a series of significant engagements by Indian food and beverage companies at Gulfood. Reliance Consumer Products Limited introduced its renowned brand Campa to the UAE market, marking its inaugural entry, facilitated by Abu Dhabi’s Agthia Group. Additionally, Lulu Retail has signed nine strategic memorandums of understanding with global manufacturers to enhance product offerings across the GCC and beyond. Among these agreements is the introduction of Milaf Cola, a carbonated date beverage from Saudi Arabia, to LuLu stores throughout the GCC, with future plans to enter the Indian market.