Articles written by
arabian post staff

UAE-based Space42 has entered into a five-year memorandum of understanding with Microsoft and Esri to create the most comprehensive digital base map across Africa, aiming to serve more than 1.4 billion people and catalyse economic and infrastructural development. The “Map Africa Initiative” seeks to transform fragmented and outdated geospatial data into timely, accurate intelligence for governments, businesses and communities.

Under the agreement, Space42 will coordinate fundraising and project management, supply satellite data via its sovereign and commercial networks, devise AI-driven digital-twin models, and lead research and automation of map-production processes. Esri will handle the creation of the base maps using GeoAI and remote-sensing technologies while training regional teams to ensure long-term sustainability. Microsoft will provide Azure cloud infrastructure and AI capabilities to enable large-scale processing and secure data sharing.

Africa faces persistent challenges of unreliable and inaccessible mapping information, constraining infrastructure planning, investment decisions and service delivery. The Map Africa Initiative aims to address these by offering a uniform, high-resolution mapping platform, licensed to governments and updated locally by national mapping agencies. This platform is expected to foster a new commercial ecosystem, with African startups benefiting from access to essential geospatial intelligence. Data will be hosted in data centres managed by G42 and Microsoft across the continent.

The mapped data promises significant impact across multiple sectors. In logistics and ports, enhanced terrain mapping can facilitate route optimisation and reduce bottlenecks. Energy developers will gain more precise site-selection tools for solar and wind infrastructure. Governments will benefit from improved border monitoring, disaster preparedness and resource management. Urban planners and smart-city developers will gain foundational geospatial data critical for designing efficient public services and digital economies.

For Space42, the agreement deepens strategic partnerships with Microsoft and Esri, enlarges its African footprint, and opens pathways in analytics, licensing, and infrastructure. It positions Space42 as a trusted partner to governments in delivering scalable geospatial solutions. Peng Xiao, Chief Executive Officer of G42, stressed the broader goal: to close the “intelligence gap” by delivering AI-powered insights that enable smarter planning, sustainable development and inclusive innovation across the Global South.

Hasan Al Hosani, CEO of Smart Solutions at Space42, stated that partnership is integral to the UAE’s approach; this collaboration signals a strategic, not merely technical, advance. Jack Dangermond, President of Esri, emphasised the technical rigour required to convert satellite imagery into detailed, accurate base maps—a capability Esri brings to the initiative.

The initiative aligns closely with the broader UAE strategy. In 2024, the UAE was Africa’s largest investor, deploying around US $44 billion, nearly matching investment levels from the UK and China combined. Space42, as the UAE’s national space entity, serves as both a conduit for exporting data-driven development solutions and a facilitator of knowledge transfer between the UAE and Africa.

A group of social media users in the UAE have been referred to the Federal Public Prosecution for breaching the country’s media content standards. The National Media Office confirmed the development on Tuesday, highlighting the authority’s ongoing commitment to monitoring and enforcing the nation’s strict media regulations.

The NMO issued a statement via the official WAM news agency, stating that its team is dedicated to identifying violations in real-time and notifying users about their non-compliance. It further reiterated that such breaches, particularly those that fail to uphold the country’s foundational principles of respect, tolerance, and coexistence, will result in legal consequences for the offenders.

While the NMO did not disclose the identities or details of the specific violations, the action follows a prior reminder issued in March, warning social media users that any content deemed harmful or in violation of the country’s core values would be subject to prosecution. The reminder aimed to reinforce the country’s stance on maintaining a responsible media environment where positive and constructive dialogue is encouraged.

In line with the UAE’s broader vision for media, the NMO emphasized that these measures are in place to preserve the integrity of social media platforms and protect communities from harmful or non-constructive content. It is part of the government’s ongoing efforts to ensure that media activities, both traditional and digital, contribute positively to the nation’s social fabric.

The UAE has long maintained a strict regulatory framework for both traditional media and online content. The government regularly reminds both local and international users of the country’s media laws, which govern everything from speech to social media posts. These laws are designed to uphold public order and ensure that content aligns with the country’s moral and cultural values.

Although specific details of the recent violations were not disclosed, the NMO’s statement reflects the growing importance of regulating online platforms in the UAE. The country has increasingly tightened its oversight of social media activity, particularly as digital platforms play a larger role in daily life. As a result, many individuals and organisations are now more cautious about the content they post or share online.

The authorities continue to remind users that they are responsible for adhering to the UAE’s media standards. Social media users who engage in behaviour that contravenes these guidelines may find themselves subject to investigations, fines, or even criminal charges. This strict enforcement serves as a reminder to users that online behaviour is not without consequence in the UAE.

The UAE’s media laws focus heavily on maintaining public order and promoting social cohesion. The National Media Office stresses that social media must be a space where respectful, constructive discussions can occur, and where users contribute positively to the nation’s values. As such, users are encouraged to be mindful of the impact of their content, whether it be in the form of posts, comments, or shared material.

With these regulations in place, the NMO is poised to take swift action against those who undermine the principles of respect and tolerance, which are central to the country’s social contract. The agency has also emphasised its readiness to continue monitoring social media activity and enforcing compliance with the law.

Dubai has witnessed the debut of COLABB, a groundbreaking real estate platform that combines investment, interior design, and digital strategy. The integrated platform, launched with the aim to reshape the regional real estate sector, seeks to streamline processes for developers, investors, and consumers alike.

COLABB promises to offer a comprehensive, multi-disciplinary approach to property development, management, and design. By bridging traditionally separate fields, it hopes to create a unified platform that delivers a seamless, end-to-end real estate experience. The project’s focus on integrating digital tools into real estate development is a key element in positioning COLABB as a forward-thinking force within Dubai’s competitive property market.

The platform’s three-pronged approach combines investment management, design services, and cutting-edge digital strategies. Investors will have access to a range of property development opportunities, including high-end residential and commercial projects, while interior designers will benefit from an intuitive design tool that aligns with industry trends and client preferences. Additionally, COLABB’s digital strategy will include data-driven insights, virtual tours, and market predictions, making it easier for all stakeholders to make informed decisions.

With the UAE’s rapidly growing real estate market, COLABB aims to capitalize on the increasing demand for smarter, more efficient ways to manage, invest, and design properties. Dubai, being a regional real estate hub, provides a perfect testing ground for this integrated platform. The city’s thriving construction and property development sectors are increasingly focused on embracing technological advancements, which COLABB is well-positioned to address.

The real estate landscape in Dubai has undergone significant transformation in the past few years. COLABB enters at a time when the city is seeing rising interest from international investors and homebuyers, with many new developments aimed at addressing the needs of the global market. The platform’s innovative approach to property development and management could offer a competitive edge in this dynamic environment.

For developers, COLABB promises a seamless experience that incorporates smart design with financial planning. By offering tools that allow for the early-stage integration of interior design concepts and investment strategies, COLABB hopes to simplify the development lifecycle. This integrated approach aims to enhance the quality of buildings and offer more lucrative investment returns.

The platform’s commitment to digitalization could also provide a crucial edge, as it leverages data analytics and artificial intelligence to offer predictive insights into market trends, property valuations, and customer behaviour. By understanding these trends, COLABB can offer tailor-made solutions that address specific market needs, making it easier for investors and developers to navigate an increasingly complex industry.

Further boosting its appeal is COLABB’s strong emphasis on collaboration between stakeholders in the real estate sector. The platform fosters a community-like environment where architects, designers, contractors, and property owners can collaborate freely. The aim is to streamline communication, reduce overheads, and increase the overall efficiency of the development process.

As the Dubai property market continues to attract global attention, COLABB’s entry is expected to draw interest from major international real estate players. Its combination of investment management, design services, and digital solutions sets it apart from more traditional platforms, potentially ushering in a new era of property development in the region.

Santos Ltd. has extended the exclusivity period for its proposed $18.7 billion acquisition by an Abu Dhabi-led consortium until September 19. The move marks the second extension for the deal, which is being led by the Abu Dhabi National Oil Company subsidiary, XRG, along with the Abu Dhabi Development Holding Company.

The extension, announced in a regulatory filing on Monday, follows a series of negotiations between the Australian oil and gas giant and the Abu Dhabi-based investors. Santos, Australia’s second-largest oil and gas producer, initially entered into exclusive talks with the consortium earlier this year. The deal is seen as one of the most significant energy sector transactions in the region, reflecting growing interest in Australia’s energy assets.

The consortium, led by ADNOC, has been vying to secure a controlling stake in Santos as part of its broader strategy to expand its oil and gas footprint internationally. While the negotiations have faced delays, the extended exclusivity period is intended to allow both sides to finalise terms and address regulatory requirements.

The decision to extend the exclusivity period underscores the complexity of the deal, which involves multiple stakeholders with differing interests. Industry experts have noted that the timeframe is critical for both ADNOC and Santos to iron out key details related to financing, regulatory approvals, and future operational integration.

Santos, for its part, has stated that the extension will allow for continued discussions regarding the offer’s terms. The company has also reiterated that the proposed acquisition remains subject to the successful completion of due diligence and other customary closing conditions.

While the deal’s original timeline was set to expire in mid-August, the extension provides additional time to navigate hurdles such as securing clearance from Australian competition authorities and finalising financing arrangements. The Australian government’s scrutiny of foreign acquisitions in the country’s critical infrastructure sector has been a key point of discussion.

The potential takeover has already attracted attention from various industry analysts, with many viewing it as part of a wider trend of increased mergers and acquisitions within the energy sector. Experts argue that the deal could reshape the Australian energy landscape by consolidating assets under a state-backed entity like ADNOC, which has a track record of making strategic investments in key oil and gas markets.

Santos’ strategic positioning in the market and its substantial reserves of gas have made it an attractive target for investors seeking to capitalise on the rising demand for energy. The company has significant operations in Queensland, Western Australia, and Papua New Guinea, all of which have been integral to ADNOC’s interests in securing a foothold in the Pacific region.

The proposal is expected to significantly impact the Australian energy sector, not only in terms of market share but also in the broader geopolitical context. As part of ADNOC’s strategy to diversify its global energy portfolio, the acquisition could also have implications for Australia’s relationship with key energy partners, particularly in the Asia-Pacific region.

The consortium’s interest in Santos is also aligned with ADNOC’s broader goals of expanding its footprint in the global natural gas market. With natural gas demand projected to grow in the coming decades, ADNOC sees the acquisition as a means to secure long-term assets that can ensure the UAE’s energy dominance on the global stage.

The deal’s implications, however, are still unfolding, as both parties continue to navigate regulatory processes and market conditions. The extension of the exclusivity period provides both sides the necessary time to address any outstanding issues before a final agreement is reached.

The GCC debt capital market is gearing up for a surge of new issuances following an active start to the year, despite a quiet period during the early days of August. With the market showing strong resilience, experts predict that the second half of the year could bring new opportunities for issuers, albeit under certain market conditions.

The first half of 2025 witnessed robust activity in the debt market, with significant bond and sukuk issuances across the Gulf Cooperation Council region. Several large corporations, sovereigns, and financial institutions took advantage of favourable conditions, including low interest rates, to raise funds and meet liquidity needs. This rush of issuances demonstrates the ongoing demand for GCC debt despite global economic uncertainties.

Victor Mourad, Co-Head of CEEMEA Debt Financing at Citi, highlighted the market’s performance, noting that the first half was particularly strong. “We had a phenomenal first half,” Mourad said. “The pipeline in the second half could be smaller, unless a drop in rates sparks a pre-funding strategy toward year-end, pulling transactions planned for early 2026 into November.” He pointed out that the timing of issuances would depend on a combination of factors, particularly the interest rate environment.

The market cooled off in the first three weeks of August, a period traditionally marked by lower activity, as many market players take a break before gearing up for the final months of the year. However, Mourad remains optimistic, suggesting that a rate reduction in the coming months could lead to a wave of issuances in the final quarter, as companies and governments look to lock in favourable terms before rates climb again.

Issuers are likely to adopt a strategic approach in the second half, with many considering early funding to avoid higher borrowing costs in 2026. A drop in rates could accelerate this strategy, as issuers push forward deals planned for the following year. It remains to be seen whether this shift in strategy will materialise, but the potential for an uptick in transactions towards the year-end remains high.

Investors will also play a key role in shaping the market dynamics. With yields on GCC bonds still appealing compared to those in other regions, demand for debt from the Gulf is expected to remain strong. The relatively stable economic backdrop, coupled with favourable oil prices, offers an attractive investment proposition for global investors looking for higher returns in a low-interest-rate environment.

Another crucial factor influencing the market will be the sovereign debt landscape across the GCC countries. Governments have continued to implement fiscal reforms and drive diversification efforts, which have bolstered the creditworthiness of the region’s sovereign issuers. As a result, GCC sovereign bonds have become a key asset class for international investors, offering a blend of safety and yield in uncertain times.

Corporate issuers in the region have also adapted to the shifting dynamics. Many have been tapping into the capital markets to fund expansion plans and refinance maturing debt, while also benefitting from government-backed stimulus packages. These initiatives have helped to stabilise the regional economy and offer liquidity to businesses during challenging periods.

However, challenges remain for certain sectors, particularly those heavily reliant on global supply chains or exposed to geopolitical risks. Tensions in the wider Middle East region could create volatility, which might impact investor sentiment. As the global economy continues to grapple with inflationary pressures and tightening monetary policies, GCC issuers will need to balance their strategies carefully to ensure they remain attractive to both local and international investors.

The acquisition will also align with TAQA’s sustainability goals, reinforcing its commitment to providing essential services in the water and energy sectors. With water scarcity becoming an increasingly urgent global issue, TAQA’s foray into water management is expected to play a pivotal role in meeting the needs of populations in water-stressed regions.

TAQA’s investment is seen as a response to the growing demand for sustainable water solutions, especially in the Middle East and North Africa, where the water scarcity issue is particularly pressing. The acquisition of GS Inima gives TAQA access to a portfolio of water treatment facilities, including desalination plants, water treatment plants, and wastewater management projects. These assets will allow TAQA to extend its reach in providing integrated solutions for water supply and wastewater treatment, addressing both operational and environmental challenges.

GS Inima, which has a proven track record in the management and operation of water infrastructure projects, will bring valuable expertise to TAQA. The Spanish company operates in various international markets, including Latin America, the Middle East, and Europe. Its portfolio includes some of the largest and most advanced desalination plants globally, complementing TAQA’s existing energy and water projects in the UAE and other regions.

For TAQA, the acquisition represents a strategic diversification into a critical infrastructure segment. The company has been shifting focus toward renewable energy and sustainable projects, reflecting broader trends in the energy sector. In line with the UAE’s commitment to sustainability, TAQA aims to contribute to global water security while also expanding its renewable energy footprint.

TAQA’s expansion into the water sector also serves as a response to market trends that indicate increasing investments in water infrastructure. According to industry experts, water scarcity is becoming a more pronounced challenge, particularly in urbanising and industrialising regions. The integration of water assets into TAQA’s broader portfolio enhances its ability to deliver sustainable solutions across both the energy and water sectors, offering customers integrated service offerings.

This acquisition also signals a shift in the regional market dynamics, where energy companies are increasingly seeking to tap into water management solutions. With over 50% of the world’s population living in water-scarce regions, the water market is expected to see continued growth. The UAE, known for its ambitious water desalination projects, stands to benefit from TAQA’s increased investment in water infrastructure, ensuring a more sustainable future for its rapidly growing population.

The integration of GS Inima into TAQA’s operations will also provide the company with a solid platform for further expansion. TAQA has been involved in several large-scale water and energy projects in the UAE, such as the development of renewable energy initiatives and large desalination plants. By merging with GS Inima, TAQA can leverage its experience to improve water management solutions worldwide and position itself as a leader in sustainable water resource management.

The plan includes 16 early childhood centres, six new schools, and three international universities. With these additions, the Emirate is strengthening its position as a global education hub. The new schools will offer a variety of curricula, catering to different international standards, while the universities are expected to provide high-quality degree programmes in multiple disciplines. The expansion aligns with Dubai’s strategic vision to position itself as a regional leader in education, attracting international students and families.

The increasing demand for high-quality education in Dubai is driven by a combination of factors. The city’s burgeoning population, especially among expatriates, has created a need for more educational institutions. According to the Knowledge and Human Development Authority, Dubai’s private schools have seen consistent growth over the past decade, with enrolment numbers steadily rising year after year. This demand for diverse and accessible education options has made the expansion of private institutions a top priority for the local government.

Dubai’s early childhood education market has been one of the fastest-growing sectors. The planned 16 new early childhood centres aim to address the gap in early education services, particularly in areas with high residential developments. These centres will cater to children from infancy to six years old, offering quality educational programmes designed to nurture cognitive, emotional, and social development. As more families choose Dubai as their home, there is an increasing need for flexible, high-standard childcare options.

The introduction of new international universities is part of Dubai’s broader strategy to attract higher education institutions from around the world. The city’s academic infrastructure has been steadily growing over the last two decades, with several global universities establishing campuses in Dubai Knowledge Park and Dubai Silicon Oasis. This expansion will further cement Dubai’s status as a destination for world-class higher education, offering a wide range of undergraduate and postgraduate programmes in fields such as technology, business, engineering, and healthcare.

The opening of these institutions also presents significant opportunities for local and international educators. With a large number of expat families residing in the city, the demand for skilled teachers across all levels of education remains high. This expansion will create numerous job opportunities for both local and international educators, particularly in the fields of STEM, which are seeing rising demand.

The 25 new institutions are expected to support Dubai’s broader economic development by equipping the workforce with critical skills needed for the city’s knowledge-driven economy. As Dubai continues to diversify its economy, education plays a crucial role in ensuring that its population is equipped with the expertise required for future industries, such as artificial intelligence, renewable energy, and fintech.

The city’s growth in education is not limited to the expansion of physical infrastructure. The KHDA is also investing in digital learning platforms, enhancing access to education through technology. The shift towards online learning, accelerated by the global pandemic, has influenced Dubai’s educational sector, with many institutions adopting hybrid models of teaching that combine traditional classroom learning with digital tools. These changes aim to make education more accessible and flexible for students of all ages.

Dubai’s vision for 2030 includes further investment in education, ensuring that it continues to attract families and professionals from around the world. As the city’s private education sector evolves, it is set to become an even more attractive option for expatriates seeking world-class education for their children, while also providing opportunities for students to pursue higher education without leaving the region.

HSBC Holdings Plc’s Swiss private banking division is severing ties with numerous high-net-worth individuals from the Middle East, a move aimed at reducing exposure to high-risk clients. This decision, which impacts more than 1,000 clients from countries including Saudi Arabia, Lebanon, Qatar, and Egypt, comes as part of the bank’s strategy to streamline its wealth management business and comply with evolving global financial regulations.

The clients affected are those with substantial assets, some exceeding $100 million, who will no longer be able to maintain accounts with HSBC’s Swiss arm. The bank’s decision reflects growing scrutiny over financial institutions’ relationships with clients deemed risky due to their geopolitical associations, business dealings, or regulatory concerns.

HSBC’s Swiss private banking unit, once a lucrative segment for the bank, has been subject to increasing pressure, particularly after several international regulatory challenges over the years. The Swiss division had long been a hub for wealth management services, catering to high-net-worth individuals seeking to safeguard and grow their assets. However, with stricter global regulations targeting the private banking sector, particularly surrounding anti-money laundering practices and financial transparency, HSBC has been forced to reassess its client base.

The bank’s decision to end these relationships comes as part of a broader push by financial institutions to reduce their exposure to high-risk clients. Over the past several years, there has been an uptick in global regulatory pressure aimed at preventing money laundering and promoting transparency, especially for private banks handling large sums of money. This has led some banks to adopt more stringent vetting procedures for clients, scrutinising not only their financial standing but also their backgrounds and business affiliations.

HSBC’s move aligns with the ongoing trend within the banking sector to de-risk their portfolios and distance themselves from controversial clients. Wealthy individuals from certain regions, particularly those in the Middle East, have increasingly come under the microscope due to political and legal concerns. For instance, clients who are heavily tied to governments or businesses with unclear or controversial financial practices have raised alarms for regulatory bodies.

In the case of HSBC, the bank is reportedly working to ensure that the wealth management division in Switzerland only maintains relationships with clients who meet its revised risk criteria. The bank’s decision, while part of an ongoing strategy to refine its client list, has caused concern among those impacted, who now face limited options for managing their wealth within Switzerland’s historically secure banking environment.

For many of the clients affected, the closure of their accounts represents a significant shift, as Swiss private banking has long been considered a safe haven for those seeking discretion, financial stability, and robust wealth management services. Some clients have expressed frustration over the decision, noting that their wealth and business activities have been fully transparent and compliant with international laws.

The Swiss banking landscape, however, is changing. With growing demands for increased transparency and a crackdown on illegal financial activities, institutions such as HSBC are recalibrating their approach to international wealth management. As financial regulations continue to tighten globally, private banks are expected to adopt more stringent policies regarding the kinds of clients they choose to serve.

HSBC’s move could set a precedent for other global financial institutions to follow. The bank’s focus on reducing its exposure to high-risk individuals in the Middle East highlights the changing nature of international banking. Other banks with significant wealth management operations, particularly in regions with unstable political environments or controversial business practices, may follow suit in an effort to mitigate risks and align with global financial regulations.

Amanat Holdings has finalised the sale of the real-estate assets linked to North London Collegiate School in Mohammed bin Rashid Al Maktoum City, achieving Dhs453 million in proceeds. The deal produced an unlevered cash-on-cash multiple of 1.7× and an internal rate of return of 10 per cent, generating a net cash return of approximately Dhs294 million. The move reflects the company’s disciplined and value-focused investment approach.

This sale fits squarely within Amanat’s “identify, grow, monetise” strategy, which it has employed across its education and healthcare platforms. The firm originally acquired the school’s real estate asset in June 2018 for Dhs360 million and pumped in another Dhs33 million for capital expansion, bringing total spend to about Dhs393 million.

In a statement, Amanat’s chairman, Dr Shamsheer Vayalil, described the sale as a validation of the company’s ability to spot high-quality investments and exit them strategically to unlock value and enhance shareholder returns. He emphasised that proceeds will broaden the company’s strategic options and support continued focus on its core businesses. Chief executive officer John Ireland observed that completing the sale above the initial investment highlights the strength of the firm’s investment model, from disciplined acquisition through development and timely exit, enhancing balance-sheet strength and enabling reinvestment into priority areas.

The transaction is expected to close in the third quarter of 2025, and the buyer remains undisclosed. Amanat has confirmed that the unnamed purchaser will assume applicable VAT and Dubai Land Department fees.

A launch date for an initial public offering of Amanat’s education arm has been on the horizon, with plans underway since May 2024 to pursue a listing. The sale’s cash realisation may help to underpin such strategic ambitions.

The broader context sees growing appetite for education-related assets across the UAE property market, despite fluctuations elsewhere. Amanat’s sale follows a wave of substantial land deals, including a headline-grabbing Dhs2.9 billion transaction by Emaar in Ras Al-Khor.

Supermarket operator Spinneys has confirmed its expansion into Kuwait through a strategic joint venture with retail powerhouse Alshaya Group. Under the agreement, Spinneys will retain a 51 per cent controlling stake and will take responsibility for running and managing all planned outlets. The rollout includes ten stores, with the first store slated to open in 2026—marking the brand’s arrival in its fourth Gulf Cooperation Council market after UAE, Saudi Arabia and Oman.

Spinneys has accelerated its regional expansion over the last 16 months, opening twelve new stores in the UAE and two in Saudi Arabia between April 2024 and August 2025. The move into Kuwait aligns with the company’s ambition to position itself as the region’s leading premium fresh-food grocer, with Alshaya’s extensive regional experience providing vital strategic support.

Sunil Kumar, chief executive of Spinneys, described Kuwait as “a high potential market” offering robust growth prospects, and emphasised that the partnership with Alshaya offers a “solid foundation for a successful entry and long-term scale”. John Hadden, chief executive of Alshaya Group, highlighted Kuwait’s dynamic consumer landscape and the local appetite for premium offerings. He said Spinneys’ brand and operational strengths are expected to resonate strongly with Kuwaiti consumers.

Kuwait stands as the GCC’s fourth-largest economy, with some of the region’s highest per-capita disposable incomes. Its affluent and discerning consumer base presents considerable opportunities for high-quality retail formats. This expansion is seen as the natural next phase in Spinneys’ growth strategy.

On the financial markets, Spinneys’ share price saw an immediate boost following the announcement, climbing approximately 3.1 per cent. The company, which went public via a Dubai listing in May 2024, currently operates 86 stores across three GCC countries, including those under its own brands and Waitrose and Al Fair franchises.

Alshaya Group, established in 1890 in Kuwait, is a leading retail franchise operator across the Middle East, North Africa, Türkiye and Europe. It manages nearly seventy international consumer brands and has diversified operations across sectors including fashion, food, health and beauty, pharmacy, home furnishings and leisure.

The joint venture allows Spinneys to capitalise on Alshaya’s deep-rooted regional network and operational expertise while delivering its premium fresh-food proposition to Kuwaiti customers. At the same time, Alshaya adds a trusted high-end grocery brand to its extensive retail portfolio, enabling both firms to strengthen their regional positioning.

Azizi Developments has entered into a strategic partnership with Modern Plastic Industry, a leading manufacturer of advanced piping solutions, to provide high-performance UPVC pipes and fittings for key construction projects in Dubai. This agreement will see MPI supply materials for Azizi’s upcoming developments, including those requiring high-pressure and drainage piping systems. The collaboration underscores Azizi’s commitment to sourcing top-tier materials for its growing portfolio of residential and commercial properties in the UAE’s competitive real estate market.

As one of the leading private developers in Dubai, Azizi Developments is known for its diverse range of residential and mixed-use projects. These developments span from affordable housing to luxury properties, aimed at addressing the growing demand for high-quality living spaces in the city. By partnering with MPI, the company continues to enhance the quality and sustainability of its developments while meeting the increasing demand for durable, efficient infrastructure solutions in the region’s fast-paced construction sector.

For MPI, the deal represents a significant opportunity to expand its footprint in the UAE market, where the construction industry remains one of the most active globally. The company, based in the UAE, has gained recognition for its innovative approaches to piping solutions, offering a comprehensive range of high-performance products tailored to both residential and commercial applications. MPI’s UPVC pipes are particularly suited to high-pressure and drainage systems, making them an ideal choice for large-scale developments like those undertaken by Azizi.

The partnership also reflects a broader trend in the UAE’s construction sector, where developers are increasingly turning to advanced, long-lasting materials to meet both technical and environmental demands. As construction projects become more complex and high-rise buildings continue to dominate Dubai’s skyline, the need for efficient, reliable piping systems has never been more critical. Azizi’s selection of MPI’s products highlights its commitment to ensuring the safety, durability, and environmental sustainability of its developments.

Azizi’s projects, known for their modern architecture and integration of cutting-edge technology, will benefit from MPI’s extensive experience in manufacturing superior piping systems. The collaboration will cover multiple projects across Dubai, including large residential towers, office complexes, and mixed-use developments that require dependable and robust infrastructure. The deal aims to ensure that the piping systems used in these projects are built to last, meeting the rigorous demands of Dubai’s urban environment.

The agreement between the two companies comes at a time when the UAE’s construction sector is showing resilience, particularly in Dubai, which continues to attract both domestic and international investors. Despite global economic uncertainties, Dubai remains a thriving hub for construction, largely driven by ambitious projects such as Expo 2020’s legacy developments, the Dubai Creek Harbour, and various mega residential and mixed-use schemes. As the city continues to evolve, the demand for high-quality, cost-effective materials remains strong, making partnerships like the one between Azizi and MPI particularly timely.

The first half of 2025 marked a significant surge in greenfield foreign direct investment into Saudi Arabia, with the United States leading the charge. American investors drove 61 projects, injecting $2.7 billion into the Kingdom’s economy, accounting for nearly a third of both the project count and total investment. This surge highlights the growing confidence of international investors in Saudi Arabia’s Vision 2030 economic reforms and its appeal as a business hub in the region.

According to a report by Emirates NBD, greenfield investments in Saudi Arabia showed a notable increase, both in terms of project volume and capital inflow. In total, 203 greenfield projects were launched in Saudi Arabia during the first half of 2025, marking a 30.1% year-on-year rise. These projects, spanning across various sectors, reflect the country’s strong development trajectory and its efforts to diversify away from oil reliance.

Egypt emerged as the second largest contributor to Saudi Arabia’s greenfield FDI, securing $1.81 billion through 11 projects. Many of these ventures were centered around real estate developments, capitalising on the Kingdom’s expanding urbanisation and demand for residential and commercial properties. Egypt’s growing involvement reflects deeper ties between the two nations, particularly in sectors related to infrastructure and housing.

China, a global FDI powerhouse, played a significant role as well, investing $858.3 million through 11 projects in Saudi Arabia. China’s investments in the Kingdom primarily focused on manufacturing, technology, and energy, complementing the Saudi government’s drive to expand its industrial base and modernise key sectors. Chinese companies are also playing a pivotal role in the development of high-tech infrastructure, which aligns with Saudi Arabia’s push towards a more diversified, knowledge-based economy.

France also made its presence felt, contributing $771.7 million through six greenfield projects. The French investments were primarily focused on technology, retail, and luxury goods, with several high-end brands expanding their operations within the Kingdom. France’s engagement is part of a broader European interest in tapping into Saudi Arabia’s expanding consumer market, particularly in areas linked to fashion, entertainment, and sustainable energy.

The UAE’s regional influence continued to grow, with 25 projects worth $205.3 million being launched in Saudi Arabia. These ventures spanned various industries, with a focus on hospitality, logistics, and real estate. The UAE’s investments underscore the close business ties between the two countries, with the Kingdom remaining a key destination for Emirati capital looking to expand its footprint in the region.

Riyadh, Saudi Arabia’s capital, was the top destination for greenfield FDI, attracting 100 projects valued at $2.3 billion. As the political, economic, and cultural centre of the country, Riyadh continues to benefit from the majority of investments, particularly in the areas of technology, infrastructure, and urban development. Dammam, home to one of the Kingdom’s key industrial hubs, secured 21 projects worth $1.28 billion, while Jeddah followed closely with 13 projects totalling $1.22 billion. These cities represent strategic focal points in Saudi Arabia’s ambitious plans for diversification, driven by growth in manufacturing, logistics, and energy.

Saudi Arabia’s overall greenfield FDI rose by 1.7% to $9.34 billion during the first half of 2025, reflecting the Kingdom’s position as an attractive investment destination. The growth is seen as a direct result of efforts to enhance the ease of doing business in the country and to create a more transparent regulatory environment. Initiatives like the National Industrial Development and Logistics Program and the Saudi Green Initiative have been instrumental in drawing foreign investments into the Kingdom.

A senior aide to Israeli Prime Minister Benjamin Netanyahu has been dispatched to the United Arab Emirates in a discreet diplomatic move aimed at resolving strains between the two nations. This development marks a critical step in addressing the ongoing challenges faced by the UAE-Israel relationship, particularly in the aftermath of regional shifts and political tensions.

The aide’s visit, which has been kept under wraps to avoid further complicating the delicate diplomatic situation, underscores Israel’s desire to reassert its relations with the UAE following some setbacks in the past year. While the specifics of the discussions remain largely confidential, sources suggest the key focus is on reaffirming the normalization of ties, which was first achieved through the Abraham Accords in 2020. These accords established full diplomatic relations between Israel and the UAE, a historic shift in the Middle East, and the Netanyahu administration has been under pressure to maintain the momentum of these agreements despite regional turbulence.

Diplomatic sources point to a combination of political disagreements, security concerns, and international pressures that have strained the UAE-Israel partnership. One of the main issues is the growing unease in the Gulf over Israel’s stance on Palestinian issues and its handling of tensions in Gaza. While the UAE has remained committed to the Abraham Accords, there has been mounting public and political disquiet over Israel’s domestic policies, especially in relation to its stance on Palestinian sovereignty and peace efforts.

Experts suggest that Netanyahu’s decision to send a trusted aide is a direct response to growing concerns in Abu Dhabi about Israel’s domestic trajectory and its regional posture. This diplomatic outreach is seen as a move to reassure the UAE that Israel remains committed to cooperation, particularly in areas such as trade, technology, and security, which have flourished since the signing of the Abraham Accords.

There is speculation that the UAE has been considering a recalibration of its foreign policy, especially with the changing dynamics in the broader Middle East. With the shifting alliances and new players emerging in the region, including the growing influence of China and Russia, the UAE finds itself needing to maintain a balance between its Western ties, particularly with the United States, and its more recent alignment with Israel.

The UAE-Israel relationship, though officially cordial, has been fraught with complexities. The leadership in Abu Dhabi has long prioritised stability and economic growth, factors which drove the decision to engage diplomatically with Israel. However, regional developments, including the ongoing situation in Gaza and the broader Israeli-Palestinian conflict, have put these relations to the test.

Israel’s efforts to build and sustain relationships with Gulf states have been a key feature of Netanyahu’s foreign policy. The normalization agreements brokered by the Trump administration in 2020 were seen as a major victory for Israel, but they have not been without their challenges. The UAE has been wary of the potential fallout from these ties, particularly in the Arab world, where public sentiment on Israel remains divided.

Despite these challenges, there is a shared interest in several areas. Both countries are looking to advance economic collaborations, particularly in the fields of technology, energy, and defence. Israeli businesses have already established a foothold in the UAE, with cooperation extending to key sectors such as cybersecurity and artificial intelligence. These partnerships are expected to grow further as both nations seek to capitalise on new opportunities.

Israel’s relationship with the UAE has also allowed for greater security cooperation, particularly in the context of regional threats posed by Iran. Both countries share concerns over Iran’s nuclear ambitions and its influence across the region. This shared security interest has provided a basis for increased intelligence-sharing and military coordination, despite the undercurrent of political tensions.

The UAE General Civil Aviation Authority has unveiled a new Civil Aviation Regulation aimed at revolutionising aerodrome crisis management. The regulation sets a robust framework to strengthen the nation’s airport readiness in handling emergencies, aiming to improve overall safety, response efficiency, and recovery strategies in the face of crises.

The new rules come as a response to growing demands for enhanced operational resilience at airports, which are essential hubs in global transport and commerce. With air traffic increasing steadily, the regulation focuses on both proactive measures for risk management and the efficient handling of unforeseen disruptions.

According to the GCAA, the new CAR focuses on three core areas: preparedness, response, and recovery. These areas are designed to ensure that airports can effectively manage crisis situations, be it natural disasters, technical failures, or unexpected large-scale incidents. By implementing a coordinated, multi-departmental approach, airports will be better equipped to minimise operational interruptions and ensure the safety of passengers and personnel.

The regulation outlines specific operational requirements, including the establishment of Crisis Management Teams at each aerodrome. These teams, which will be made up of senior airport and aviation management, are tasked with overseeing crisis response procedures and ensuring that all airport operations adhere to the established standards. The CAR also mandates the development of detailed emergency response plans that can be activated in real-time during crises, integrating airport emergency services, air traffic control, and external agencies.

The GCAA has stipulated that aerodromes must conduct regular crisis simulation exercises to assess their preparedness and response mechanisms. These drills will be evaluated by the GCAA, ensuring that each airport meets the required standards for crisis management. The regulation also stresses continuous training for airport staff, highlighting the importance of equipping personnel with the necessary skills to handle high-pressure situations effectively.

The move aligns with international aviation safety standards, with the GCAA’s regulation being designed to complement global best practices. The introduction of these measures comes in the wake of several high-profile airport disruptions globally, which have underscored the need for proactive crisis management at aerodromes worldwide. By adopting such a framework, the UAE is positioning itself as a leader in airport crisis preparedness within the region, ensuring its air travel hubs remain safe, efficient, and resilient.

The GCAA has indicated that the regulation will be implemented gradually, with all airports required to comply with the new standards within the coming months. As part of the transition, GCAA will work closely with airport operators to ensure smooth implementation and address any challenges faced by aerodromes.

Key players in the UAE aviation sector have expressed strong support for the regulation, acknowledging its potential to significantly enhance the safety and security of air transport. Industry experts have also highlighted that the regulation will foster collaboration between airport authorities, airlines, and other stakeholders, strengthening the overall aviation ecosystem.

The broader aviation community has also taken note of the UAE’s progressive approach, with many looking to the country as a model for modernising aerodrome crisis management procedures. The introduction of the CAR aligns with the UAE’s broader efforts to develop its aviation infrastructure, focusing not only on expanding airport capacity but also on improving the quality and resilience of services provided to travellers.

Hedge funds are experiencing an unprecedented influx of capital as investors increasingly turn to them for potential high returns in an unpredictable market landscape. The surge, described as the largest in over a decade, comes amid heightened volatility in global markets, with investors seeking refuge in strategies that can navigate turbulent times.

The influx is reflective of broader economic uncertainties that have marked the past few years. Inflation, interest rate fluctuations, and geopolitical tensions have prompted a shift in how investors are approaching their portfolios. For many, hedge funds, which are designed to capitalise on market inefficiencies and often utilise a mix of complex investment strategies, have become a more attractive option for diversifying risk.

Industry analysts attribute the renewed interest to hedge funds’ ability to hedge against downside risks while still positioning themselves for upside potential. These funds, which include strategies such as long/short equity, event-driven, and macroeconomic investing, are seen as flexible enough to take advantage of both market downturns and rallies.

The timing of this shift is significant, with hedge fund inflows peaking in the first half of this year. According to reports, the volume of new money invested in hedge funds has surpassed previous records, with institutional investors making up the majority of the capital. Pension funds, endowments, and family offices have notably increased their allocations, recognising the potential benefits of diversifying into hedge funds’ more sophisticated strategies.

This trend is also linked to the performance of hedge funds in recent years. After a period of underperformance following the global financial crisis and the subsequent slow recovery, hedge funds have returned to form, outpacing traditional equity indices in certain periods. While not all hedge funds have delivered stellar returns, the overall industry has shown resilience and adaptability, particularly in the face of market turbulence.

One of the critical drivers behind this renewed interest is the diversification factor. Hedge funds often employ strategies that are less correlated with traditional markets, allowing them to profit from opportunities that might not be available to standard equity investors. For example, in a period of high volatility or economic downturn, many hedge funds profit from short-selling overvalued stocks, participating in distressed asset sales, or capitalising on arbitrage opportunities.

However, the strategy comes with inherent risks. While hedge funds aim to mitigate risk through their sophisticated techniques, they are not immune to market downturns. Moreover, the fees associated with hedge funds—usually a performance fee based on profits earned—can be a deterrent for some investors. These fees often include a “two and twenty” structure, meaning the fund takes a 2% management fee and 20% of any profits generated, which can substantially erode returns for the investor.

Despite the risks, the demand for hedge funds remains strong. Their perceived ability to manage volatility and generate alpha—the excess return relative to the market—has attracted a growing number of high-net-worth individuals looking for alternatives to the traditional stock and bond markets. The shift in investment patterns suggests a broader reevaluation of risk, with more investors open to the idea of using hedge funds as part of their long-term asset allocation strategy.

Another contributing factor to the surge in hedge fund investments is the growing acceptance of environmental, social, and governance factors within the industry. Many hedge funds have incorporated ESG strategies into their models, appealing to institutional investors who are placing greater emphasis on sustainability and ethical governance. Hedge funds with a track record of navigating ESG challenges have become particularly attractive to a new generation of investors who are focused not just on financial returns but on social and environmental impact as well.

The global economic environment is expected to remain volatile, with central banks’ monetary policies, inflationary pressures, and geopolitical instability all factors that will influence market dynamics. Hedge funds, with their adaptive strategies, are likely to continue drawing significant attention as investors seek to position themselves to take advantage of potential market dislocations.

Abu Dhabi National Energy Company has secured a substantial AED 8.5 billion term loan to bolster its liquidity and support its long-term growth objectives. The financial facility, which spans a two-year period, is expected to enhance the company’s operational flexibility, enabling it to pursue strategic investments and strengthen its position in the energy sector. The move reflects TAQA’s commitment to enhancing its financial standing amidst an increasingly competitive market.

The loan, denominated in UAE dirhams, is structured as a floating-rate instrument, which ties the interest payments to a benchmark rate, typically the LIBOR or its successor. This structure offers flexibility to the company, aligning its financial obligations with market conditions over the loan’s tenure. This large-scale financing arrangement also provides the company with the necessary funds to continue its diverse projects, including those in renewable energy, which are central to TAQA’s strategic shift toward sustainability.

TAQA’s loan agreement underscores its focus on transforming its energy portfolio, including expanding its investments in cleaner energy solutions and enhancing its existing assets. Over the past few years, the company has undertaken several initiatives aimed at increasing its renewable energy capacity, with a notable emphasis on solar, wind, and water energy projects both within the UAE and internationally. This aligns with the broader UAE vision to transition towards more sustainable energy sources while diversifying the national economy away from reliance on oil revenues.

The loan will also assist TAQA in fulfilling its ambitious growth plans. Its focus on improving liquidity is seen as crucial in maintaining stability and ensuring the company’s ability to secure additional investments in future projects. The energy sector is experiencing significant changes, driven by the global push for sustainability and a growing demand for energy diversification. As such, firms like TAQA are positioning themselves to leverage opportunities arising from these shifts in energy consumption patterns.

With the funding, TAQA will have the flexibility to manage ongoing infrastructure upgrades and explore new ventures, including potential acquisitions and investments that align with its strategy to expand across international markets. The company’s portfolio includes a range of assets in energy distribution, generation, and water desalination, providing it with a diverse stream of revenue and contributing to the stability of its financial outlook.

The term loan also reflects the confidence that financial institutions have in TAQA’s future growth prospects, especially in a market that is becoming increasingly dependent on green technologies. The global energy transition, fuelled by the shift towards decarbonisation, presents both challenges and opportunities for energy companies. For TAQA, expanding into renewable energy markets offers significant potential for long-term profitability and operational diversification.

This loan also comes at a time when the UAE is intensifying its efforts to implement its Green Agenda, which includes significant investments in renewable energy projects and a commitment to achieving net-zero emissions by 2050. As a key player in the region’s energy sector, TAQA’s ongoing efforts to decarbonise its portfolio and adopt innovative solutions will be critical in meeting these ambitious national and global targets.

TAQA’s ability to access such large-scale financing reflects its strong financial fundamentals and market reputation. The company’s management has been proactive in securing capital for key growth areas, ensuring that it remains at the forefront of the region’s energy transformation. The long-term focus on sustainability and diversification is set to position TAQA as a leading energy provider in the MENA region, with significant reach beyond its home market of the UAE.

The UAE Funds Transfer System saw a substantial surge in the value of transactions during the first five months of 2025, reaching a remarkable AED9.528 trillion. This reflects the continued growth of the UAE’s banking sector and its central role in facilitating both domestic and international financial transfers.

According to the Central Bank of the UAE, the total value of transfers executed by banks amounted to AED5.963 trillion, a figure that highlights the significant volume of financial activities managed by UAE banks. These transfers are essential for business operations, both locally and globally, given the UAE’s strategic position as a key financial hub in the Middle East.

The monthly breakdown reveals a steady increase in transaction values throughout the first five months of the year. January recorded AED1.1 trillion, February saw AED983.99 billion, while March’s figures jumped to AED1.238 trillion. The upward trend continued into April with AED1.273 trillion, and May closed at AED1.089 trillion, suggesting robust financial momentum across the banking sector.

In addition to bank-to-bank transfers, customers also contributed significantly to the total volume. The total value of transfers executed by customers surpassed AED3.834 trillion. January recorded AED677.65 billion, with February following closely at AED649.48 billion. March saw a spike, reaching AED791.313 billion, while April’s figures hit AED879.94 billion. By May, customer-initiated transfers amounted to AED836.157 billion, demonstrating the increasing role of personal and corporate banking in the country’s financial ecosystem.

The UAEFTS, which facilitates secure and efficient transfers between financial institutions, plays a pivotal role in the country’s economic framework. The consistent growth of these transactions reflects the ongoing strength of the UAE’s banking infrastructure, which continues to cater to a diverse range of financial services, from basic retail banking to complex corporate transactions.

One of the key drivers of this growth is the UAE’s growing stature as a global financial centre. The country’s strategic initiatives to position itself as an international financial hub have attracted a wide variety of global institutions. With its advanced technological infrastructure and regulatory framework, the UAE has positioned itself as a leader in financial services in the Gulf region.

The rise in customer transfers can be attributed to a range of factors, including the increasing integration of digital banking platforms. The shift towards online and mobile banking has made it easier for customers to conduct transfers in real-time, contributing to the overall growth in transaction volumes.

While the total value of transfers is substantial, it also highlights a key trend in the UAE’s financial sector: the increasing reliance on electronic systems for everyday financial transactions. As customers continue to embrace digital banking solutions, the volume of these transactions is likely to rise, further reinforcing the UAE’s reputation as a hub for innovation in financial technology.

The UAE’s banking sector is also witnessing a diversification of services, with many institutions offering enhanced value-added services such as cross-border payment solutions, investment management, and wealth management. These services, which cater to both individual and corporate clients, contribute to the rise in transfer volumes, particularly in a market that has become increasingly open to global trade and investment.

Dubai has taken a significant step toward boosting its business environment with the launch of the ‘One Freezone Passport,’ an innovative initiative designed to ease the process of business expansion within the city’s free zones. The move is expected to simplify operations for companies looking to scale, while also enhancing the emirate’s competitive edge in the global market.

The initiative allows businesses licensed in one of Dubai’s free zones to extend their operations into other zones without the need for additional licenses, thus lowering the financial and administrative burden of expansion. It is part of Dubai’s wider strategy to foster a more streamlined, investor-friendly ecosystem, which has seen numerous developments aimed at reducing bureaucracy and increasing operational efficiency.

The Dubai Free Zones Council, which spearheaded the initiative, expressed that the launch of the ‘One Freezone Passport’ marks a key achievement in Dubai’s economic diversification efforts. The programme is designed to remove regulatory bottlenecks, encouraging smoother transitions for businesses operating across multiple zones. This move comes as part of the city’s broader vision outlined in the Dubai Economic Agenda D33, which aims to double the size of the economy and strengthen its position as a leading global business hub by 2033.

The introduction of the ‘One Freezone Passport’ is aligned with the goals of easing market entry for foreign investors and facilitating greater cross-border trade. By eliminating the need for multiple permits, businesses can now streamline their processes, save costs, and significantly reduce time-to-market. The DFZC’s initiative represents a decisive shift towards creating a more cohesive and interconnected free zone network that could have widespread benefits for companies operating in Dubai.

One of the early adopters of this new system is global luxury brand Louis Vuitton, which has embraced the streamlined process. The company will now operate its warehouse in the Jebel Ali Free Zone, while establishing its corporate office at One Za’abeel, part of the Dubai World Trade Centre Free Zone. This move highlights the growing appeal of Dubai’s free zones for multinational companies, particularly in sectors such as luxury goods and technology.

The ‘One Freezone Passport’ also represents a step forward in Dubai’s ongoing efforts to attract multinational corporations and high-net-worth investors. Dubai’s free zones have long been a cornerstone of its economic strategy, offering companies a range of benefits such as tax exemptions, full ownership rights, and 100% repatriation of profits. With the introduction of the ‘One Freezone Passport,’ the emirate now aims to make it even easier for businesses to operate in multiple free zones simultaneously.

For companies such as Louis Vuitton, the new initiative offers an opportunity to leverage Dubai’s strategic location as a gateway to both regional and international markets. By simplifying the regulatory landscape, businesses can better focus on expanding their operations and exploring new market opportunities across the Middle East, Africa, and beyond.

The initiative’s potential extends well beyond large corporations. Start-ups and small-to-medium enterprises are also expected to benefit from a more accessible and flexible business environment. The ability to operate across multiple free zones without incurring additional licensing fees will likely encourage new ventures, thereby supporting Dubai’s entrepreneurial ecosystem.

The launch of the ‘One Freezone Passport’ is expected to drive a rise in investments within Dubai’s free zone economy. As businesses can now expand their footprint more easily, it opens the door for greater collaboration between sectors, fostering innovation and accelerating growth. Additionally, by streamlining regulatory processes, Dubai aims to position itself as a hub for both regional and international businesses seeking to establish a base in the Middle East.

The programme also underscores Dubai’s broader efforts to integrate digital solutions and technology into its regulatory systems. The ‘One Freezone Passport’ is supported by a digital platform that enables businesses to manage their operations across multiple zones efficiently. This platform allows for the centralisation of licenses, making it easier to handle logistics, administrative tasks, and compliance requirements.

As Dubai continues to enhance its infrastructure and regulatory landscape, the introduction of the ‘One Freezone Passport’ signals a broader trend of business-friendly reforms that cater to a dynamic and diverse economy. The ease of access to Dubai’s free zones, combined with the benefits offered by the initiative, has the potential to attract more companies to establish their operations in the emirate.

Dubai’s evolution from a luxury stopover for the rich to a permanent global wealth capital is accelerating. The emirate is set to attract nearly 10,000 millionaires in 2025, underscoring its growing prominence in the global wealth landscape. Betterhomes, in a report titled Dubai: No Longer a Pit Stop, But the Finish Line for Global Wealth, suggests that Dubai’s appeal to high-net-worth individuals is rising faster than ever.

As of December 2024, Dubai is home to 81,200 resident millionaires. This number represents a significant contribution to the UAE’s total of 130,500 dollar millionaires, marking a remarkable 98% increase over the past decade. The data suggests a global shift in wealth migration, with Dubai becoming one of the top destinations for individuals seeking a stable and prosperous environment.

This migration is not just about wealth management; it reflects a broader trend of shifting global economic power. As 142,000 millionaires are expected to relocate globally in 2025, even if only 5% choose Dubai, it could result in 7,100 new millionaires moving to the emirate. This influx will bring an estimated $7.1 billion in new investment, further cementing Dubai’s status as a global wealth hub.

Dubai’s rapid growth can be attributed to several factors. The emirate’s strategic positioning as a gateway between the East and West, combined with a pro-business environment, makes it an attractive destination for HNWIs. The city’s tax-friendly policies, high-quality infrastructure, and investment opportunities have created an ecosystem where wealth can thrive. Dubai’s real estate market, in particular, has become a focal point for international investors, with luxurious residential developments attracting the world’s wealthiest individuals.

The UAE government has also played a crucial role in fostering this growth. Policies designed to attract and retain foreign investment, such as long-term residence visas and tax incentives, have positioned Dubai as a welcoming city for the global elite. These policies align with the broader goals of diversifying the UAE economy and reducing its reliance on oil exports.

A significant driver of this transformation is Dubai’s appeal as a global business hub. The emirate’s financial markets, world-class logistics infrastructure, and connectivity have attracted numerous multinational corporations, making it a key centre for finance, technology, and innovation. With the UAE’s commitment to sustainability and innovation, Dubai is increasingly seen as a place where wealth can not only be preserved but also expanded.

As Dubai’s appeal grows, it is not just millionaires from neighbouring regions who are flocking to the city. The attraction extends to global citizens, with individuals from the Americas, Europe, and Asia seeking to benefit from Dubai’s cosmopolitan lifestyle and tax advantages. According to experts, this influx of global talent will continue to fuel Dubai’s economy, bringing with it new ideas, technologies, and business ventures.

While Dubai’s rise as a global wealth centre is undeniable, the city faces challenges as it balances its rapid growth with sustainability goals. The demand for housing, for instance, is placing pressure on the real estate market. While demand is robust, especially for luxury properties, experts warn that an oversupply of high-end homes could lead to a correction in the market. However, this is a concern that city planners are addressing with strategic zoning and development projects designed to keep the market stable.

As the number of millionaires in Dubai grows, so does the competition for limited resources. While the city offers world-class amenities, there are concerns about rising costs of living, which could make it less accessible to middle-class families. These dynamics could shape how the city evolves in the coming years, with a focus on ensuring that growth is inclusive and that Dubai remains a livable city for all its residents.

Dubai is poised to see a substantial rise in its millionaire population, with projections indicating that up to 10,000 affluent individuals could relocate to the emirate by the end of 2024. This influx is expected to further solidify Dubai’s position as a premier destination for global wealth, driven by a combination of favourable tax policies, a booming property market, and a growing reputation as a business hub.

As of December 2024, Dubai’s population of resident millionaires is forecast to grow to 81,200, significantly contributing to the UAE’s total of 130,500 millionaires. The surge is linked to Dubai’s ongoing efforts to attract wealthy individuals and investors through various initiatives, such as long-term residency programmes and tax advantages, which have made it an increasingly attractive place to live and do business.

The growth of millionaires in the UAE is not just a result of Dubai’s policies but also the broader trends in the global economy, with high-net-worth individuals seeking stability and investment opportunities in the face of geopolitical uncertainty. Wealth management firms, real estate brokers, and investment advisors have all noted the heightened interest from international clients in securing properties in the emirate.

Dubai’s luxury property market is one of the key factors driving this influx. The demand for high-end residential units has been on a steady rise, with prime real estate in sought-after locations such as Palm Jumeirah, Downtown Dubai, and Dubai Marina witnessing increasing sales. This growth has been further fuelled by the city’s transformation into a financial and cultural hub, alongside its status as a global tourism hotspot.

The emirate’s real estate sector has been particularly attractive to millionaires looking to invest in luxurious homes that offer not only aesthetic appeal but also potential for high returns. Dubai’s strategic position as a gateway between the East and West makes it an ideal location for international investors, offering tax incentives and the possibility of high rental yields in a stable economic environment.

The UAE’s relaxed residency laws, particularly the Golden Visa programme, have made it easier for wealthy individuals to relocate and establish themselves in Dubai. The programme grants long-term residency permits to investors, entrepreneurs, and skilled professionals, thus encouraging a more permanent presence of the ultra-wealthy in the city. It is these factors that have contributed to Dubai’s appeal as a sanctuary for wealth and a hub for international business activity.

With its pro-business environment, ease of living, and world-class infrastructure, Dubai continues to attract entrepreneurs and executives looking to make the city their new home. Additionally, the city’s vast infrastructure, which includes state-of-the-art airports, world-class medical facilities, and a thriving arts and culture scene, only adds to its desirability for those with significant financial means.

The role of real estate developers has been critical in meeting the needs of this burgeoning millionaire class. Developers are increasingly focused on delivering bespoke, high-end properties that cater specifically to the tastes of the global elite. These residences offer everything from private pools and exclusive beach access to cutting-edge smart home technology and private helipads. The push for luxury is evident across all sectors, from private villas to penthouses that offer unparalleled views of the city’s skyline.

The local government has also been proactive in ensuring that the infrastructure keeps pace with this growing demand. New residential and commercial developments are being planned across Dubai, especially in emerging areas like Dubai Creek Harbour and Dubai South, which offer a mix of luxury living and connectivity to key business districts and international airports.

For many of these new residents, Dubai is not just a place to live but also a base from which to manage their global business interests. The city’s financial services sector is thriving, with an increasing number of wealth management firms and family offices establishing a presence in the emirate. These firms provide a full range of services, including estate planning, investment management, and tax consulting, ensuring that wealthy individuals can efficiently manage their wealth while residing in the UAE.

Dubai has begun trial operations of its pumped-storage hydroelectric plant in Hatta, delivering electricity into the city’s grid. The facility, which has already generated more than 17,900 MWh during testing, will free up surplus power beyond Hatta’s 39 MW local demand for export. Emirates 247 cites HE Saeed Mohammed Al Tayer, MD & CEO of the Dubai Electricity and Water Authority, confirming the start of electricity exports from the plant during his site visit.

The Hatta plant boasts a 250 MW generation capacity, 1,500 MWh of storage, and is designed to last up to 80 years—backed by a Dh1.42 billion investment. Underground construction includes two 110-tonne water valves, a command-and-control centre and an upper dam spanning 210,000 sqm, built with compressed concrete walls measuring 72 m and 37 m high.

DEWA’s scheme aligns closely with emirate-wide initiatives under the Clean Energy Strategy 2050 and the Net-Zero Carbon Emissions Strategy 2050, which aim for 100 percent clean energy supply by mid-century.

Trial operations of this pioneering project began earlier in the year, with operational tests launched in January 2025. DEWA confirmed the plant was 96.82 percent complete around that time and anticipated beginning energy exports in April 2025.

The hydropower station employs a cyclic system: during off-peak hours, clean electricity from the Mohammed bin Rashid Al Maktoum Solar Park is used to pump water from the lower reservoir to the upper dam. When demand spikes, water flows back through a 1.2 km tunnel, converting stored potential energy into kinetic energy to drive turbines. The conversion process delivers electricity to the grid in as little as 90 seconds, with a turnaround efficiency of 78.9 percent.

Hatta lies roughly 140 km south-east of central Dubai in the Hajar Mountains. The project includes an innovative design featuring two 125 MW Francis-type pump turbines capable of reversible operation—a technical solution by a consortium led by ANDRITZ Hydro, STRABAG and ÖZKAR, contracted in 2019.

This pumped-storage facility is the first of its kind in the Gulf region and a flagship example of how heat-resistant hydropower systems may outperform large-scale battery storage in desert climates.

During his visit, Al Tayer toured the station’s subterranean power station, inspected the upper dam’s compressed concrete walls, and oversaw functional tests of the pumping and generation mechanism. The station’s speedy response time and storage efficiency are designed to bolster Dubai’s grid resilience while reducing reliance on fossil fuel generation.

Australia’s Santos revealed that a takeover proposal valued at US $18.7 billion, spearheaded by a consortium under the Abu Dhabi National Oil Company, will not be concluded by the extended 22 August deadline and now faces a delay of at least four weeks. The investment group, including ADNOC’s XRG arm, Abu Dhabi Development Holding Company and private equity firm Carlyle, cited the need to finalise regulatory and due diligence clearances across multiple jurisdictions—including Australia, Papua New Guinea and the United States—before completing a binding scheme implementation agreement.

Santos confirmed that negotiations remain “collaborative” yet incomplete, with both parties still to secure agreement on acceptable terms for a binding SIA. Given the outstanding conditions, signing before the end of the week appears unlikely.

The implications for Santos’ investors were swift: its shares slid up to 3.5 per cent, reaching A$7.68—a five-week low—marking it as one of the ASX 200’s most notable underperformers.

The bid, if executed, would become Australia’s largest-ever all-cash corporate takeover. Santos’ enterprise value, factoring in net debt, stands at approximately A$36.4 billion, signalling a major transaction in the energy sector.

Industry analysts emphasise that regulatory approvals remain the most significant obstacles. Australia’s Foreign Investment Review Board, in particular, presents a critical test given the strategic sensitivity of energy infrastructure. Papuan New Guinea and U. S. authorities also must grant clearance.

James Hood of Regal Funds Management expressed palpable market unease, observing that the share price response reflects “increased risk and uncertainty.” Kaushal Ramesh from Rystad Energy characterised the execution of a deal of this magnitude as “never going to be an easy transaction”, especially with national energy security and regulatory scrutiny in play. Another investor, Jamie Hannah of Van Eck, reiterated that the key challenge isn’t procedural but regulatory—from the FIRB in Australia.

As a result of the delay, Santos will release its interim earnings on 25 August, instead of the previously planned 20 August.

Interest in the Pikka oil project in Alaska—expected to commence production mid-2026—adds further strategic weight to Santos’ asset base and may influence regulatory and investor perspectives on the transaction.

The United Arab Emirates registered some US$25.4 billion in mergers and acquisitions through the first six months of 2025, making up approximately 43 per cent of all M&A transactions across the Middle East and North Africa—which totalled US$58.7 billion during the period, according to data from EY’s latest MENA M&A Insights report.

MENA deal-making demonstrated robust momentum in the first half of 2025, with 425 transactions reflecting a 31 per cent increase in volume and a 19 per cent rise in overall value compared with the same period in 2024, as EY’s analysis shows.

Cross-border activity surged, accounting for 55 per cent of all deals by number and 78 per cent by value—marking the highest cross-border level in the past five years. Key sectors driving these overseas transactions included chemicals and technology, which together represented two-thirds of cross-border deal value. Among the most significant was the US$16.5 billion deal in which Borealis AG and OMV AG acquired a 64 per cent stake in Borouge plc.

Domestic deal-making remained energetic too. Homegrown transactions constituted 45 per cent of all deals by volume and 22 per cent of the total value, amounting to 192 deals worth US$12.8 billion—an impressive 94 per cent year-on-year rise in value. The technology and diversified industrial products sectors were prominent in this category. A standout deal was AI and cloud services firm Group 42’s acquisition of a 40 per cent stake in Khazna Data Centres for US$2.2 billion.

EY’s MENA EY-Parthenon Leader, Brad Watson, emphasised that the mid-year results underline how resilient and dynamic the region’s M&A market is. He pointed to sustained appeal for investors, underpinned by stable oil prices, infrastructure expansion and a strategic emphasis on growth industries such as technology, chemicals, and industry. I n particular, he noted that the UAE continues to attract significant global capital, thanks to its strong regulatory environment and push for economic diversification, alongside growing collaborative ties with Europe, Asia, and North America.

When compared with mid-2024 performance, the jump is clear. In the first half of last year, the MENA region recorded 321 deals valued at US$49.2 billion. That represented only a modest 1 per cent increase in volume and 12 per cent growth in value over the prior year. Deal values in the UAE and the Kingdom of Saudi Arabia accounted for US$9.8 billion out of that total.

Looking at the broader picture, 2024 closed with 701 MENA M&A deals worth US$92.3 billion, reflecting a 3 per cent rise in deal volume and 7 per cent gain in value compared with 2023. Cross-border transactions were the primary engine, making up 52 per cent of deal volume and 74 per cent of value.

The UAE’s growing prominence in M&A stems from both deliberate policy reforms and strategic positioning. Domestic investors, notably sovereign wealth funds and government-related entities such as ADIA and Mubadala, have been highly active across both home-market and international transactions. At the same time, global investors have responded favourably to the region’s economic diversification efforts, regulatory clarity, and infrastructural thrust.