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GLAS has carved out a niche as a specialist provider of services that support the lifecycle of debt instruments, from syndicated loans and direct lending to private credit and leveraged finance transactions. Founded in 2011 by Mia Drennan and Brian Carne, the firm oversees administration for a substantial portfolio of assets under management running into the hundreds of billions of dollars and employs over 450 staff across 16 offices worldwide. Drennan is expected to remain at the helm as chief executive, reflecting continuity in leadership amid the change in ownership.

The strategic rationale behind the investment reflects broader shifts in global credit markets. Demand for outsourced loan administration and trustee services has grown as lenders and borrowers navigate increasingly complex financing arrangements and regulatory requirements. Private credit, in particular, has expanded sharply, with non-bank lenders and institutional investors seeking specialist support for documentation, compliance and reporting functions that underpin large, bespoke transactions. GLAS’s suite of services has made it a go-to partner in this space, particularly for institutional clients negotiating intricate debt structures.

Financial terms of the deal disclosed by Oakley indicate its indirect contribution via Fund VI will be up to about £55 million, but wider valuations implied by market coverage suggest a total enterprise value near £1 billion. That figure aligns with expectations from advisers and reflects both GLAS’s established market position and the strategic value investors place on firms that facilitate the expanding private credit ecosystem. Oakley’s purchase follows a period of growth for GLAS under Levine Leichtman’s ownership, during which assets under administration reportedly rose from roughly $120 billion in 2021 to more than $750 billion today, driven by geographic expansion, technology investment and targeted acquisitions.

Oakley Capital’s profile has broadened in recent years as the firm has backed a variety of businesses across sectors including consumer brands, technology and business services. Its backing of GLAS reflects a deliberate push into specialised financial services where structural trends favour outsourced, technology-enhanced solutions. The involvement of La Caisse, a major institutional investor, underscores the appeal of GLAS’s business model to long-term capital allocators seeking exposure to the infrastructure of global credit markets.

Industry analysts have noted the appetite for loan agency services has been underpinned by the proliferation of private credit funds and a resurgence of syndicated lending activity following periods of market volatility. As banks and alternative lenders diversify their portfolios and jurisdictions tighten reporting standards, demand for independent administrators with global reach has grown. GLAS’s deep bench of expertise in handling complex transactions and its geographic footprint are seen as competitive advantages that could support accelerated growth under Oakley’s stewardship.

Executives from both sides have highlighted the strategic fit. Mia Drennan said the partnership with Oakley and La Caisse positions GLAS to expand its offerings and deepen client relationships, building on a track record of innovation in service delivery. Josh Kaufman, partner and head of Europe at Levine Leichtman, expressed pride in the firm’s role in GLAS’s development and confidence in its future trajectory under new ownership. Advisers on the transaction included Deutsche Bank and Robert W. Baird, working with GLAS and Levine Leichtman, reflecting the complexity and market interest in the deal.

Aviation in the United Arab Emirates has deepened its role as a strategic pillar of the national economy, with 2025 marking a year of consolidation that underscored the sector’s influence on trade, tourism, logistics and supply chains. Policymakers and industry leaders say the ecosystem’s direct and indirect contribution has reached as much as 18 per cent of gross domestic product, reflecting the scale of activity generated by airlines, airports, maintenance hubs, free zones and aviation-linked services.

Passenger and cargo volumes across the federation continued to trend higher, supported by steady growth in international travel demand and the country’s positioning as a crossroads between Asia, Europe and Africa. Major hubs operated by Dubai Airports and Abu Dhabi Airports handled sustained traffic flows as carriers expanded networks and frequencies. Capacity discipline and targeted route additions allowed operators to absorb higher volumes while maintaining service standards, reinforcing the UAE’s reputation for operational reliability.

Flag carriers remained central to the sector’s momentum. Emirates Airline pressed ahead with fleet renewal and network optimisation, focusing on long-haul markets that underpin connectivity for tourism and business travel. Etihad Airways pursued a parallel strategy centred on profitability and partnerships, aligning growth with demand and strengthening Abu Dhabi’s role as a transfer hub. Together, the airlines’ scale supported ancillary industries ranging from catering and ground handling to training and aviation finance.

Cargo performance remained a defining feature of the year. Dedicated freighter operations and belly-hold capacity benefited from the UAE’s role in high-value, time-sensitive shipments, including pharmaceuticals, perishables and e-commerce. Logistics providers highlighted improved customs processes and digital clearance systems as key enablers, allowing faster turnaround times and reinforcing confidence among multinational shippers. The integration of air cargo with ports and free zones helped sustain supply chains amid ongoing adjustments in global trade patterns.

Governance and regulation were cited by executives as competitive advantages. The General Civil Aviation Authority continued to align oversight with international standards while supporting innovation through performance-based regulation. Industry participants pointed to predictable policy frameworks and coordinated planning between federal and emirate-level authorities as factors that reduced friction for investors and operators.

Sustainability initiatives gathered pace across airlines and airports, reflecting both regulatory expectations and commercial imperatives. Carriers advanced fuel-efficiency programmes through newer aircraft types and operational measures, while airports invested in energy management, waste reduction and water stewardship. Trials involving sustainable aviation fuel expanded through partnerships with energy suppliers and research institutions, positioning the UAE as an early mover in the region’s decarbonisation efforts. While volumes of alternative fuels remain limited, industry leaders argued that early adoption builds expertise and supply-chain readiness.

Technology adoption also shaped the sector’s evolution. Biometric processing, predictive maintenance and data-driven air traffic management systems were rolled out to improve efficiency and resilience. Airports leveraged automation to manage peak flows without proportional increases in staffing, while airlines used analytics to refine scheduling and revenue management. These investments were framed as necessary to accommodate future growth while preserving service quality.

The aviation workforce expanded alongside operations, with training academies and partnerships focusing on pilots, engineers and air traffic specialists. Officials emphasised localisation and skills development as priorities, citing aviation’s role in high-value employment and knowledge transfer. At the same time, competition for specialised talent remained intense, prompting employers to enhance retention and career progression pathways.

Tourism authorities linked aviation capacity directly to visitor inflows, noting that air connectivity underpins hotel occupancy, events and retail activity. Route launches and increased frequencies supported diversification into new source markets, aligning with broader economic strategies aimed at reducing reliance on hydrocarbons. Business travel and exhibitions contributed to premium traffic, reinforcing the UAE’s positioning as a regional commercial hub.

Federal reforms regulating industrial hemp are reshaping the treatment landscape for sleep disorders, anxiety and epilepsy across the United Arab Emirates, as clinicians, researchers and regulators map how low-THC cannabis derivatives can be used safely within a tightly controlled system. The changes sit apart from the country’s framework on medical cannabis, which governs products with higher tetrahydrocannabinol content and remains subject to strict prescription and import rules.

The hemp law permits the cultivation, processing and use of cannabis varieties containing minimal THC, typically below 0.3 per cent, aligning the UAE with regulatory models adopted in several advanced economies. Officials say the objective is to unlock therapeutic and industrial value without opening pathways to recreational misuse. For patients, the most immediate implications are for cannabidiol-based preparations, which are non-intoxicating and increasingly studied for neurological and psychiatric conditions.

The policy shift creates new clinical options for people whose symptoms have proved resistant to conventional therapies. Insomnia and generalised anxiety disorder affect a growing share of the population, while epilepsy continues to pose treatment challenges for a subset of patients who do not respond adequately to standard anti-seizure medicines. Cannabidiol, or CBD, has drawn attention for its calming effects on the central nervous system and its role in reducing seizure frequency in certain epilepsy syndromes.

Specialists caution that hemp products are not a panacea. Evidence is strongest for specific childhood epilepsies, including Dravet and Lennox-Gastaut syndromes, where purified CBD has been shown to reduce seizure burden when added to existing regimens. Research into anxiety and sleep has produced more mixed findings, though small clinical trials and observational studies suggest benefits for sleep onset and stress modulation at carefully titrated doses.

Professor Barnes, a leading authority on cannabis medicine, notes that the global legal landscape has shifted rapidly. Medical cannabis containing higher THC levels is now legal in 71 countries under varying frameworks, reflecting broader acceptance of cannabinoid-based therapies when appropriately regulated. The UAE’s approach, by contrast, draws a bright line between hemp-derived products and medical cannabis, allowing limited therapeutic use while preserving the country’s zero-tolerance stance on recreational drugs.

Regulators emphasise that access will be medicalised rather than commercialised. Hemp-derived therapeutics are expected to move through pharmacy channels and clinical oversight, with product quality, labelling and traceability forming core pillars of compliance. Authorities have indicated that cultivation licences will be tightly issued, with genetics, THC thresholds and testing protocols specified to prevent diversion.

Healthcare providers see an opportunity to expand personalised care. Neurologists and psychiatrists report rising patient interest in non-sedating options that can be integrated with existing treatments. For epilepsy specialists, CBD’s favourable side-effect profile compared with some traditional anti-epileptic drugs is a significant draw, particularly for long-term management. Sleep physicians, meanwhile, are exploring whether hemp-derived formulations can reduce reliance on hypnotics that carry dependency risks.

Industry participants are preparing cautiously. Pharmaceutical distributors and research institutions are investing in clinical studies tailored to regional populations, recognising that dosage, formulation and delivery methods matter as much as legality. Oils, capsules and oral solutions are expected to dominate, given their dosing precision and lower risk profile compared with inhaled products.

Public health experts underline the need for clear guidance to avoid consumer confusion. Hemp products sold globally range from pharmaceutical-grade medicines to wellness supplements of uneven quality. The UAE framework seeks to close that gap by requiring evidence-based claims and physician involvement, reducing the risk of self-medication or exaggerated expectations.

The reforms also intersect with broader innovation goals. By enabling controlled research into cannabinoids, policymakers aim to position the country as a regional hub for life sciences, while maintaining strict ethical standards. Universities and hospitals are already collaborating on protocols to assess safety, efficacy and long-term outcomes in local cohorts.

Senior officers from Jebel Ali and Al Barsha police stations convened a high-level panel discussion titled Forecasting the Future of Road Safety and Labour Area Security in Dubai, drawing together municipal authorities, transport operators, construction firms and safety specialists. The forum underscored a shift towards anticipatory policing, with emphasis on risk forecasting, targeted inspections and early intervention rather than reactive enforcement alone.

Officials said the initiative reflects mounting pressures on transport networks and worker accommodation zones as Dubai continues to attract investment, logistics activity and large-scale construction. Traffic density around industrial areas, ports and residential labour clusters has risen steadily, increasing the likelihood of accidents involving heavy vehicles, buses and pedestrians. Police data presented at the session showed that incidents in such zones tend to involve multiple risk factors, including fatigue, limited visibility, non-compliance with speed limits and inadequate safety training.

Dubai Police leadership stressed that reducing fatalities and serious injuries requires tighter integration between enforcement agencies and employers. Participants discussed expanding joint patrols in high-risk corridors, using shared data dashboards to flag accident-prone locations, and aligning inspection regimes across transport, housing and occupational safety authorities. The approach aims to close gaps where responsibility has traditionally been fragmented between different regulators.

Road safety featured prominently in the discussions, with officials outlining plans to intensify monitoring of commercial fleets, particularly buses transporting workers to and from labour camps. Technology was cited as a critical enabler, including wider deployment of smart cameras, vehicle telematics and predictive analytics to identify unsafe driving patterns before accidents occur. Police officers noted that automated enforcement must be complemented by sustained awareness campaigns targeting drivers, supervisors and site managers.

Labour-area security formed the second core focus of the panel. Senior officers highlighted the importance of safe living environments in maintaining public order and worker wellbeing. Issues such as overcrowding, poor lighting, inadequate emergency access and weak access controls were identified as recurring vulnerabilities. Dubai Police said coordinated inspections with municipal bodies and civil defence teams would be expanded to ensure accommodation facilities meet safety and security standards.

Private-sector representatives acknowledged that compliance expectations are rising. Construction and logistics firms described increasing investment in driver training, fatigue management systems and on-site safety officers, driven both by regulatory pressure and operational risk. Several companies shared examples of internal monitoring tools that track driver behaviour and working hours, with data shared directly with police units during investigations or audits.

The panel also addressed the human dimension of safety enforcement. Police officials emphasised that communication with workers remains essential, particularly in multicultural environments where language barriers can undermine awareness of rules and emergency procedures. Plans were outlined to broaden multilingual outreach programmes and community policing initiatives in labour zones, enabling faster reporting of hazards and disputes.

From a policy perspective, the discussions aligned with Dubai’s long-term vision of zero fatalities on roads. Police leaders reiterated that while enforcement remains firm, the strategy increasingly prioritises prevention, education and partnership. Forecasting models presented during the session illustrated how combining traffic data, urban planning inputs and employer compliance records can help authorities anticipate emerging risks linked to new developments or shifts in traffic flows.

Experts attending the forum noted that Dubai’s approach mirrors global trends in urban policing, where safety is treated as a shared responsibility across government and industry. The emphasis on predictive tools and integrated oversight reflects lessons drawn from international transport safety frameworks, adapted to local conditions such as high temperatures, heavy freight movement and diverse workforce demographics.

The collaboration also carries reputational and economic implications. Officials said safer roads and secure labour environments underpin investor confidence and social stability, particularly as the emirate positions itself as a global logistics, tourism and business hub. Any sustained rise in accidents or security incidents would carry costs not only in human terms but also through delays, insurance claims and regulatory penalties.

Meteorologists said the pattern is being driven by an extension of a surface low-pressure system from the east, interacting with an upper-level trough. This combination is expected to create fluctuating conditions across coastal, inland and mountainous areas, with visibility reductions at times and heightened risks for motorists, mariners and aviation operators.

Early morning fog and mist are likely to form over internal and coastal regions, particularly during periods of high humidity and lighter winds overnight. Authorities warned that horizontal visibility could drop sharply in some areas, especially along highways linking major cities and in low-lying desert zones. Drivers have been urged to adhere to variable speed limits, use headlights appropriately and avoid sudden lane changes when fog is present.

As the day progresses, north-westerly winds are forecast to strengthen, occasionally reaching fresh to strong levels. These winds may raise dust and sand in exposed areas, further reducing visibility and contributing to degraded air quality for short periods. The strongest gusts are expected in open inland areas and near coastal stretches, where loose sand can be lifted rapidly.

Sea conditions are also expected to deteriorate at intervals. The Arabian Gulf is forecast to see moderate to rough seas at times, while conditions in the Sea of Oman may range from slight to moderate before becoming rough during peak wind periods. Small vessels, fishing boats and recreational watercraft have been advised to exercise caution, while port operators are monitoring conditions closely.

Temperatures are expected to remain seasonally mild overall, though noticeable fluctuations are likely. Daytime highs may dip slightly during unsettled phases, particularly in northern and eastern regions, while nights could feel cooler inland. Mountainous areas may experience lower temperatures and occasional cloud build-up, with a chance of light rainfall in isolated locations as moist air interacts with the upper trough.

Aviation authorities are factoring the conditions into flight planning, especially during early morning and late-night hours when fog is most likely. Delays or temporary diversions remain possible at airports if visibility falls below operational thresholds. Airlines have advised passengers to check flight status updates and allow additional time for travel to and from airports.

The weather pattern reflects a broader seasonal transition typical of early January, when shifts in pressure systems can lead to rapidly changing conditions across the region. Climatologists note that such periods often bring a mix of calm intervals and sudden gusty phases, requiring heightened situational awareness from the public.

Emergency services and municipal authorities have stepped up monitoring and preparedness measures. Variable message signs on major roads are being used to alert motorists to fog or reduced visibility, while marine warnings are being broadcast to coastal communities. Construction sites and outdoor work areas have been reminded to secure loose materials to prevent wind-related hazards.

Public health officials have advised people with respiratory conditions to limit prolonged outdoor exposure during dusty periods and to follow air-quality guidance when visibility is reduced by suspended particles. Schools and event organisers are also tracking updates to adjust outdoor activities if conditions worsen.

Riyadh Zoo has positioned itself as a family-centred destination within Riyadh Season 2025, offering child-focused environments designed around safety, comfort and controlled engagement with wildlife, according to official details released at the start of the year. The attraction, one of the season’s designated zones, is being presented as a model for how large-scale entertainment events in the capital are adapting to the needs of families with young children.

The zoo’s layout has been organised to prioritise safe movement and visibility, with dedicated pathways that reduce congestion and limit close contact points. Low-height viewing areas have been built to allow children clear sightlines to animals without the need for lifting or crowding, a feature aimed at reducing accidents while improving the overall experience. These design choices form part of a broader emphasis on balancing entertainment with parental reassurance.

Family seating areas are distributed throughout the zone, providing spaces for rest and supervision while maintaining visual access to enclosures. Organisers say this approach allows families to remain engaged without feeling overwhelmed by noise or foot traffic, an issue that has challenged other high-density attractions during the season. The emphasis on controlled flow and defined activity zones reflects planning standards that have been applied across several Riyadh Season venues.

Riyadh Zoo’s children’s facilities include interactive learning areas intended to introduce younger visitors to animal behaviour and conservation in an age-appropriate format. Educational elements are integrated into play-based experiences, with staff trained to manage group sizes and maintain clear boundaries between visitors and animals. This structure is designed to minimise stress for both children and wildlife while encouraging curiosity and awareness.

Safety protocols extend beyond physical design. Organisers have highlighted strict operational standards, including routine checks of barriers, continuous monitoring of visitor movement and the presence of trained personnel in high-traffic areas. Emergency response procedures have been aligned with wider Riyadh Season safety frameworks, ensuring coordination with medical and security teams operating across the city’s entertainment zones.

The focus on child-friendly environments aligns with Riyadh Season’s stated objective of expanding family-oriented destinations as part of the capital’s cultural and leisure transformation. Over successive editions, the festival has broadened its appeal beyond concerts and sporting events to include attractions that cater to younger audiences, reflecting demographic demand and changing leisure habits within the Kingdom.

Urban planners and event management specialists note that such initiatives also serve a longer-term purpose. By embedding safety-first design principles into popular venues, organisers can set benchmarks for future projects, particularly those involving children. The Riyadh Zoo model demonstrates how entertainment infrastructure can be adapted to local expectations while meeting international standards for visitor welfare.

Riyadh Season 2025 has placed increased emphasis on organisation and crowd management following feedback from earlier editions, when high attendance at certain zones led to congestion. The zoo’s structured layout and controlled entry points are intended to mitigate those risks, offering a calmer environment compared with more high-energy attractions elsewhere in the season.

Parents visiting the zoo have highlighted the value of clearly marked routes and viewing points that allow children to engage independently within defined limits. This approach reduces reliance on physical barriers alone, instead combining design, supervision and education to create a safer setting. For organisers, the challenge has been to preserve a sense of exploration while maintaining order, particularly during peak attendance periods.

The zoo’s role within Riyadh Season also reflects broader investment in leisure infrastructure as part of national diversification efforts. Family-oriented attractions are increasingly viewed as essential to building a sustainable entertainment economy, encouraging repeat visits and longer dwell times while appealing to residents and visitors alike.

Abu Dhabi Police have renewed warnings to motorists to maintain full attention at intersections and traffic signals, underscoring that brief lapses in concentration continue to rank among the leading causes of serious collisions on city roads. The force has emphasised that violations linked to distracted driving can trigger vehicle impoundment and an impoundment release fee reaching AED50,000, one of the toughest deterrents in the country’s traffic regime.

The advisory from Abu Dhabi Police highlights a pattern seen in crash investigations where drivers divert their eyes for seconds—often to mobile phones, dashboard screens or conversations—while approaching junctions. Officers say such moments are enough to miss a changing signal, fail to yield, or overlook pedestrians and cyclists, particularly during peak commuting hours.

Traffic and patrol officials note that intersections concentrate multiple risk factors: converging traffic streams, turning movements, pedestrian crossings and variable signal phases. A single distracted driver can therefore set off chain reactions involving several vehicles. Data reviewed by the force indicates that side-impact crashes at junctions account for a disproportionate share of severe injuries, reflecting the limited protection offered by vehicle sides compared with frontal impacts.

Under Abu Dhabi’s traffic law framework, distractions that contribute to dangerous driving are treated as high-risk offences. Police can impound vehicles involved in serious violations, with release subject to a fee of up to AED50,000 depending on the offence category and circumstances. The penalty is intended to reinforce behaviour change rather than operate as a revenue measure, officials say, pointing to parallel education and enforcement campaigns rolled out across the emirate.

The renewed messaging comes as vehicles become increasingly equipped with in-car technology. While advanced driver assistance systems are designed to enhance safety, police caution that overreliance on alerts, navigation screens or infotainment controls can create a false sense of security. Officers stress that such systems do not replace the driver’s responsibility to observe signals, mirrors and surrounding road users, especially at junctions where conditions change rapidly.

Road safety specialists working with authorities have also flagged a rise in “cognitive distraction,” where drivers keep their hands on the wheel and eyes forward but are mentally disengaged due to phone conversations or stress. Studies cited in safety briefings show reaction times can degrade significantly under cognitive load, reducing a driver’s ability to respond to a pedestrian stepping off the kerb or a vehicle braking suddenly.

Police patrols have intensified monitoring at high-risk intersections identified through collision mapping. These locations are selected based on traffic volume, past incident severity and proximity to schools, commercial centres and residential zones. Enforcement includes automated systems and on-ground patrols, with officers authorised to intervene immediately where behaviour poses imminent danger.

Public awareness efforts accompanying the enforcement push focus on practical guidance: slowing on approach to signals, scanning crosswalks even when the light is green, avoiding phone use entirely while driving, and anticipating red-light runners. Motorists are also reminded that penalties escalate when violations lead to injury or damage, extending beyond fines to black points, impoundment and potential court proceedings.

Transport planners in Abu Dhabi say engineering upgrades continue alongside enforcement, including improved signal timing, clearer lane markings and enhanced pedestrian phases at busy crossings. These measures aim to reduce conflict points, but officials emphasise that infrastructure cannot compensate for inattention behind the wheel.

Global equity funds attracted sizeable inflows in the final week of 2025, reflecting sustained investor confidence as artificial intelligence-driven gains and expectations of resilient corporate earnings buoyed risk appetite across major markets. Fund flow data compiled from multiple tracking agencies showed investors adding billions of dollars to equity-focused vehicles, extending a trend that had strengthened through the closing quarter of the year.

The late-year surge followed a period of steady gains in global stock indices, underpinned by enthusiasm around productivity improvements linked to AI adoption and comparatively stable macroeconomic conditions in several advanced economies. Technology-heavy markets led the inflows, with North America and parts of Asia drawing particular interest, while Europe also registered net additions after earlier bouts of volatility tied to growth concerns.

Market participants pointed to a recalibration of expectations around monetary policy as another driver. With major central banks signalling that the peak of the tightening cycle had passed, investors appeared more willing to increase exposure to equities, especially companies positioned to benefit from automation, data analytics and cloud computing. Portfolio managers noted that the narrative around AI had broadened beyond a narrow group of mega-cap technology firms, supporting inflows into diversified equity funds rather than only thematic products.

Corporate earnings guidance also played a role in shaping sentiment. As the reporting season unfolded, many large firms indicated that margins were holding up better than feared, aided by cost discipline and selective price increases. While earnings growth varied by sector, analysts highlighted that consensus forecasts for the coming quarters stabilised after repeated downgrades earlier in the year, giving investors greater confidence to deploy capital before year-end.

Flows into emerging market equity funds showed a more nuanced picture. Some regions benefited from improving external balances and easing inflation pressures, which encouraged selective inflows, while others continued to see outflows amid currency volatility and geopolitical uncertainty. Asset managers said global investors remained discriminating, favouring markets with credible policy frameworks and exposure to global technology supply chains.

Bond funds, by contrast, recorded more modest movements during the same period, with some investors reallocating from fixed income to equities as yields plateaued. Mixed flows into money market funds suggested that cash levels remained elevated, reflecting a degree of caution even as equity allocations rose. This balance underscored what strategists described as a “measured optimism” rather than an unqualified risk-on shift.

Industry data indicated that passive equity funds and exchange-traded funds accounted for a significant share of the inflows, highlighting the continued appeal of low-cost vehicles tracking broad indices. Active equity funds also saw net subscriptions, particularly those with mandates focused on innovation, healthcare and industrial automation, sectors viewed as long-term beneficiaries of technological change.

Regional allocation patterns revealed that United States-focused funds captured the largest share of new money, supported by strong performance in technology and communication services stocks. Asia-Pacific equity funds followed, aided by signs of recovery in key economies and policy measures aimed at supporting growth. European equity funds experienced steadier, though smaller, inflows as investors weighed valuation appeal against ongoing structural challenges.

Market analysts cautioned that the momentum seen at the end of the year did not eliminate underlying risks. Valuations in some AI-linked stocks were described as demanding, leaving markets vulnerable to corrections if earnings failed to meet elevated expectations. Geopolitical tensions, trade policy uncertainty and uneven global growth were also cited as factors that could test investor confidence in the months ahead.

Ras Al Khaimah ushered in 2026 with a choreographed New Year’s Eve display that combined fireworks and drone technology on a scale not previously attempted in the emirate, securing a Guinness World Records title for the largest aerial image of a phoenix formed by multirotor drones. The 15-minute presentation unfolded along the waterfront, drawing large crowds and positioning the northern emirate at the centre of global attention as midnight celebrations rolled across time zones.

Officials confirmed that thousands of drones were deployed in tightly synchronised formations above the coast, producing a series of animated images that culminated in the phoenix, a symbol chosen to reflect renewal and ambition. The aerial sequence was interwoven with precision fireworks launched from multiple barges and shoreline points, creating a layered effect across sea and sky. Guinness adjudicators on site verified the specifications shortly after the display concluded, confirming the new benchmark had been met.

The event formed part of Ras Al Khaimah’s wider strategy to build a reputation for large-scale, family-friendly celebrations that draw international visitors beyond the traditional holiday hotspots. Organisers said months of preparation were required to coordinate aviation safety, maritime controls and public access, with authorities temporarily restricting airspace and marine traffic during the performance window. Emergency services and transport agencies operated under special plans to manage the influx of spectators along the coastal stretch.

Tourism officials described the New Year event as a showcase of how technology is reshaping public celebrations worldwide. Drone-based performances have grown rapidly over the past decade as an alternative to fireworks, offering reusable hardware, programmable precision and reduced debris. By combining both elements, the emirate aimed to deliver visual impact while demonstrating technical capability. Industry specialists note that such hybrid shows demand advanced software, redundant navigation systems and real-time monitoring to avoid collisions or signal loss.

Local hospitality operators reported strong occupancy across hotels and resorts, with restaurants and public viewing areas reaching capacity well before midnight. The celebrations extended across several zones, allowing visitors to experience the show from beaches, promenades and elevated vantage points. Authorities encouraged spectators to use public transport and designated parking areas to ease congestion, a measure that helped maintain steady pedestrian flows before and after the countdown.

The Guinness title adds to a growing list of high-profile achievements used by destinations to differentiate themselves in a competitive tourism market. Record-driven events have become a common tool to generate global media coverage and social media traction, though experts caution that they require careful balancing of spectacle, safety and sustainability. In this case, organisers highlighted the use of digitally controlled drones to minimise environmental impact compared with traditional fireworks-only displays, while acknowledging that pyrotechnics remain a key draw for audiences.

Cultural planners involved in the programme said the phoenix motif was selected to resonate across diverse audiences while aligning with the emirate’s long-term development narrative. The animated sequence depicted the bird rising and spreading its wings before dissolving into abstract patterns, followed by a countdown rendered in light above the water. Fireworks then traced the skyline in timed bursts, synchronised to a musical score broadcast along the shore.

The success of the event is likely to influence planning for future festivals and national celebrations, both within the emirate and across the region. Drone show providers are already expanding fleets and investing in higher-capacity batteries, brighter LEDs and more resilient communications links to support increasingly complex formations. Analysts say destinations that master these capabilities early can scale performances quickly for major occasions.

Abu Dhabi Government has enacted a sweeping overhaul of its human resources framework, introducing legislation that redefines how the public sector hires, develops and rewards its workforce of more than 25,000 employees. The 2026 Human Resources Law, which takes effect on 1 January 2026, is positioned by policymakers as a cornerstone reform aimed at making the government an employer of choice while embedding meritocracy across all levels of service.

Officials say the law marks a decisive shift away from traditional tenure-driven systems towards performance-based employment, aligning public sector practices with international standards followed by leading governments and multinational organisations. By prioritising capability, outcomes and continuous development, the framework seeks to attract high-performing professionals, retain specialist talent and strengthen institutional efficiency as Abu Dhabi advances its long-term economic and social ambitions.

Under the new legislation, recruitment and promotion will be governed by transparent, merit-based criteria designed to ensure fairness and competitiveness. Vacancies are to be filled through processes that assess skills, experience and demonstrated results rather than length of service alone. Career progression pathways have been formalised, providing employees with clearer expectations on how performance, leadership potential and expertise translate into advancement.

Compensation and benefits have also been recalibrated to enhance competitiveness with the private sector and global public institutions. The law introduces a more flexible benefits structure that can be adapted to different professional categories, recognising the need to attract scarce skills in areas such as digital transformation, policy design, financial oversight and advanced technical roles. While base pay structures remain regulated, performance-linked incentives are expected to play a larger role in recognising exceptional contribution.

Training and professional development form a central pillar of the reform. The legislation mandates structured learning pathways aligned with organisational needs and individual career plans, reinforcing the principle that advancement is tied to continuous capability building. Government entities are required to invest systematically in upskilling, leadership development and succession planning, ensuring that talent pipelines are sustained internally rather than relying heavily on external recruitment.

The law also introduces clearer frameworks for performance management and accountability. Employees will be assessed against defined objectives linked to institutional priorities, with evaluations feeding directly into promotion, development opportunities and, where necessary, corrective measures. This approach is intended to foster a culture of results, collaboration and innovation across departments.

Labour relations and employee wellbeing are addressed through updated provisions governing work arrangements, leave policies and workplace conduct. Flexible working models are expanded to reflect evolving expectations around productivity and work-life balance, while safeguards are strengthened to ensure fairness, inclusivity and professional integrity. Disciplinary procedures have been standardised to provide due process and consistency across government entities.

From a governance perspective, the reform centralises strategic oversight of human resources while allowing operational flexibility at entity level. This balance is designed to maintain uniform standards across the public sector while enabling departments to respond to their specific workforce needs. Digital systems are expected to support implementation, enabling data-driven workforce planning and more accurate measurement of performance outcomes.

Policy analysts view the legislation as part of a broader regional trend in which Gulf governments are modernising civil service frameworks to support economic diversification and competitiveness. Abu Dhabi’s approach stands out for its emphasis on measurable performance and its explicit effort to position public service as a destination for top-tier talent rather than a default career choice.

Business leaders and human capital specialists note that the success of the law will depend on consistent execution and cultural adoption. Embedding meritocracy requires not only new rules but also managerial capability to assess performance objectively and provide constructive feedback. The transition period in 2026 is therefore expected to involve extensive training for line managers and human resources professionals.

Saudi Arabian Mining Company, widely known as Saudi Arabian Mining Company, has outlined plans to establish a joint venture with Midana Exploration Pay Ltd to advance minerals exploration, development and mining across licensed areas of the kingdom, in a move that underscores the country’s push to expand its non-oil resource base.

Under the proposed structure, the joint venture will be capitalised initially at $5 million, with Maaden holding a controlling 50.1% stake and Hancock owning the remaining 49.9%. The vehicle is expected to focus on early-stage exploration as well as the development and eventual sale of mineral resources identified within approved concession blocks, subject to regulatory clearances.

The announcement comes as Saudi Arabia accelerates efforts to map and commercialise its estimated multi-trillion-dollar mineral endowment, a pillar of the Vision 2030 strategy aimed at diversifying fiscal revenues and building domestic industrial supply chains. Officials and industry executives have repeatedly highlighted underexplored deposits of gold, copper, zinc, phosphate, bauxite and rare earth elements as areas of strategic interest.

Maaden, majority owned by the Public Investment Fund, has over the past decade evolved from a single-commodity operator into a diversified mining champion spanning gold, aluminium, phosphate fertilisers and industrial minerals. The proposed partnership with Hancock signals a renewed emphasis on upstream exploration, an area that demands specialised geological expertise, patient capital and risk-sharing arrangements.

Hancock, through its local exploration arm, has built a portfolio of prospecting licences and geological data across several regions of the kingdom. Industry observers say its familiarity with Saudi Arabia’s licensing framework and field operations complements Maaden’s balance sheet strength, project development experience and access to downstream markets.

According to people familiar with the matter, the joint venture is designed to move swiftly from desktop studies to on-ground surveys, including geophysical mapping and targeted drilling. Any commercial discoveries would then be evaluated for standalone development or integration into Maaden’s existing asset base, depending on scale, mineral type and infrastructure considerations.

The modest initial capital reflects the early-stage nature of the venture, with provisions allowing for additional funding rounds as projects advance. Mining analysts note that exploration budgets often expand sharply once priority targets are identified, particularly for metals linked to energy transition technologies such as copper and battery minerals.

Saudi Arabia has spent heavily on geological surveying over the past few years, releasing high-resolution data to attract private and foreign investors. The Ministry of Industry and Mineral Resources has also reformed the mining law to streamline licensing, strengthen environmental oversight and provide longer concession terms, measures that have been welcomed by global miners.

Within this policy backdrop, Maaden’s majority stake ensures strategic alignment with national priorities while allowing its partner operational flexibility. The 50.1-49.9 split also gives Maaden consolidation rights over any successful projects, a factor likely to reassure lenders and potential offtake partners at later stages.

Market participants see the joint venture as part of a broader trend of collaborative exploration models in the kingdom, where state-backed entities pair with specialised firms to spread risk and accelerate discovery timelines. Similar structures have been adopted in other resource-rich jurisdictions seeking to build domestic mining ecosystems without shouldering all the geological risk alone.

Environmental and social governance considerations are expected to feature prominently as projects move forward. Saudi regulators have tightened requirements around land rehabilitation, water use and community engagement, and Maaden has publicly committed to aligning new developments with international sustainability benchmarks.

Venezuela has begun shutting oil wells in its prolific Orinoco Belt after storage filled up and inventories swelled, a move that underscores the operational strain facing the state producer as financial pressure from Washington tightens. The cutbacks, which started on 28 December, are set to lower heavy crude output by at least a quarter in the belt that holds the world’s largest known oil deposits, according to people familiar with internal operations.

Petroleos de Venezuela SA, known as PDVSA, is aiming to bring Orinoco production down to about 500,000 barrels a day, the people said. That reduction equates to roughly 15% of the country’s total output of around 1.1 million barrels a day. The wells were idled as tanks reached capacity and export bottlenecks left little room to keep pumping.

The Orinoco Belt, stretching across eastern Venezuela, has been the backbone of the nation’s oil recovery over the past two years as PDVSA revived projects, leaned on foreign partners and relied on intermediaries to place barrels abroad. Heavy crude from the belt requires blending and specialised handling, making storage constraints particularly acute when exports slow or logistics falter.

The curtailment comes amid a renewed effort by the Donald Trump administration to financially squeeze Caracas. Measures have focused on limiting cash flows and tightening scrutiny of trade channels that had allowed Venezuelan oil to reach global markets. While PDVSA has navigated sanctions for years through complex trading arrangements, the latest actions have reduced the room for manoeuvre.

Operationally, the impact is immediate. Engineers have prioritised shutting wells with higher water cut or maintenance needs, while keeping strategic upgraders running to preserve reservoir integrity. Restarting heavy-oil wells can be costly and time-consuming, raising the risk that some output may not return quickly even if conditions improve.

For the government in Caracas, the setback dents a fragile rebound that had lifted production from historic lows. Oil remains the main source of hard currency, funding imports and social spending. Lower volumes threaten fiscal plans at a time when inflation has moderated but public finances remain stretched.

Internationally, the cuts add a layer of uncertainty to heavy crude markets. Refineries in Asia and the United States Gulf Coast have relied on Venezuelan grades as substitutes for similar barrels from elsewhere. Traders said tighter availability could widen discounts and prompt buyers to seek alternatives from Canada or the Middle East.

PDVSA’s partners in the Orinoco Belt, including joint ventures with foreign companies, are also affected. Output reductions translate into lower liftings for partners and could complicate investment decisions. Several projects had been ramping up after maintenance and drilling campaigns, betting on stable export routes.

The government has framed the situation as a temporary adjustment driven by logistics rather than geology. Officials argue that reserves remain intact and that production can rebound once storage is freed and exports normalise. Behind the scenes, PDVSA has been exploring options to lease additional floating storage and accelerate shipments to Asia, though payment and insurance hurdles persist.

Analysts note that the episode highlights structural weaknesses. Venezuela’s oil infrastructure has suffered years of underinvestment, leaving little buffer when trade flows are disrupted. Power outages, pipeline leaks and equipment shortages have repeatedly constrained operations, forcing stop-start cycles that erode efficiency.

In the broader geopolitical context, the pressure campaign reflects Washington’s leverage over energy finance and shipping. Even when licences allow limited trade, banks, insurers and carriers often tread cautiously, amplifying the impact on producers like PDVSA. The result is a stopgap approach that prioritises managing bottlenecks over long-term optimisation.

The United Arab Emirates is on course to generate more than one million additional jobs by 2030, placing it among the world’s fastest-expanding labour markets as economic diversification, technology adoption and population growth intensify demand for skilled workers, according to a workforce outlook released by ServiceNow.

The projection underscores the scale of change under way in the UAE’s employment landscape, where public and private sector investment is being channelled into advanced industries, digital services, clean energy, logistics and financial technology. Policymakers have positioned job creation as a central pillar of national economic strategy, linking employment growth to productivity gains, innovation and long-term competitiveness.

ServiceNow’s analysis indicates that the strongest employment momentum is emerging in technology-led roles, particularly in cloud computing, artificial intelligence operations, cybersecurity, data analytics and enterprise software services. Demand is also rising for professionals who can combine technical skills with business process expertise, reflecting the increasing automation of workflows across government entities, banks, energy companies and logistics firms.

This expansion is unfolding alongside steady population growth driven by immigration, as professionals from Asia, Europe and Africa relocate to the UAE for work opportunities. Labour market specialists say the inflow of skilled workers has become an economic asset, helping employers fill gaps in high-value roles while supporting consumption and domestic demand.

Beyond technology, job creation is expected to be broad-based. Construction and real estate continue to absorb labour as infrastructure spending remains strong, while tourism, hospitality and aviation are benefitting from sustained visitor growth and expanding airline capacity. Healthcare and education are also projected to add sizeable numbers of jobs as authorities invest in social infrastructure to support a larger and more diverse population.

The digital transformation of government services has emerged as a significant employment driver. Federal and emirate-level entities are accelerating the shift towards paperless operations, data-driven decision-making and AI-enabled public services. This has increased demand for systems architects, digital policy specialists and programme managers who can oversee complex technology deployments while ensuring regulatory compliance and data security.

Employers are also rethinking workforce structures as automation changes how tasks are performed. Routine administrative roles are increasingly being replaced or augmented by software platforms, while new positions are emerging in system oversight, process design and user experience management. Analysts say this transition is not eliminating jobs at scale but reshaping them, with a premium placed on adaptability and continuous learning.

Education and training institutions are responding by expanding programmes focused on digital skills, coding, data science and cyber resilience. Partnerships between universities, vocational institutes and multinational firms are becoming more common, aimed at aligning curricula with labour market needs. Corporate upskilling initiatives are also gaining traction as employers seek to retrain existing staff rather than rely solely on external hiring.

Wage dynamics are expected to reflect these shifts. Salaries in high-demand technology and specialist roles have been rising faster than the broader market, while competition for experienced professionals has intensified. Human resources consultants note that non-salary benefits, including flexible working arrangements, career progression pathways and residency incentives, are increasingly important in attracting and retaining talent.

The ServiceNow report places the UAE’s projected job growth ahead of many mature economies, where ageing populations and slower productivity gains are constraining employment expansion. By contrast, the UAE’s relatively young workforce, openness to foreign talent and willingness to adopt new technologies are seen as structural advantages.

Challenges remain, particularly around ensuring that job creation keeps pace with population growth and that skills mismatches do not widen. Economists warn that without sustained investment in education and training, shortages could emerge in critical areas, potentially pushing up labour costs and slowing project delivery. There is also a need to integrate more nationals into private-sector roles, a long-standing policy objective supported by wage subsidies, training schemes and regulatory measures.