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Alpha Dhabi sells 8.5% Modon stake to Abu Dhabi government’s L’imad Holding
The wholly owned entity of the Abu Dhabi Government now owns majority share in Modon after buying IHC and ADQ stakes as well
ADNOC Distribution delivers its strongest EBITDA since IPO for Q3
Quarterly EBITDA of $319mn is the highest ever, up 15.9%; Net profit surged to $221mn, up 21.5%; Record 9M fuel volumes at 11.7 billion litres
PIF spending shift to spur Greenfield FDI in Saudi as private equity expands
Bain’s Gregory Garnier says Saudi’s sovereign wealth fund is entering a more disciplined phase, redirecting capital from real estate to strategic sectors as private and foreign investors step up Greenfield activity across the kingdom
beauty business
Beauty’s new battleground: Middle East shoppers demand ‘efficacy, ingredient transparency, and shade precision’
Sophisticated shoppers blend luxury with efficacy while demanding climate-specific innovation
ADNOC Logistics & Services
ADNOC L&S, TA’ZIZ in 50-year deal for dedicated chemicals port in Ruwais
Scheduled for completion in Q4 2026, the port is projected to generate more than $1.3bn in revenue for ADNOC L&S over the first 27 years
Gaza ceasefire
Israel, Hamas agree first phase of Gaza ceasefire
The truce follows months of negotiations mediated by Egypt, the US and Qatar
Artificial intelligence
US okays licenses to Nvidia to export chips to the UAE
The Bureau of Industry and Security issue the licenses under the terms of a bilateral AI agreement in May when President Trump visited the UAE
content creators
UAE SCA reports 1,100% rise in financial influencer accreditation applications
This increase follows the introduction of a regulatory framework designed to formalise the role of financial content creators in the UAE’s investment landscape
crypto
Dubai crypto watchdog fines 19 unlicensed firms up to $163,000
Dubai Virtual Assets Regulatory Authority fined 19 firms up to $163,000 for unlicensed operations and marketing rule breaches
Expo City Dubai
Dubai to host GITEX GLOBAL 2026 at Expo City
Dubai tech show GITEX GLOBAL 2026 will relocate to Expo City Dubai, introducing a new ‘TechCation’ experience blending tech and tourism
Etihad Rail
Etihad Rail passenger service on track for 2026 launch after Dubai–Fujairah test
Etihad Rail passenger service completes Dubai–Fujairah test run ahead of its 2026 launch, connecting 11 UAE cities and transforming mobility
DIFC
Dubai’s DEWS savings scheme surpasses $1bn milestone
Dubai DEWS savings plan, managed by DIFC, has exceeded $1bn in assets, benefitting 74,000 employees and advancing long-term economic goals
ADNOC
ADNOC announces $43bn dividend target through 2030
ADNOC will distribute $43bn in dividends across six listed firms by 2030, reinforcing investor confidence and UAE economic growth
archer aviation
Abu Dhabi to host UAE’s first hospital vertiport for flying ambulances
Cleveland Clinic Abu Dhabi and Archer Aviation will build the UAE’s first hospital vertiport, enabling fast eVTOL flights for patients
heathrow
Riyadh Air to begin daily London Heathrow flights from October 26
Riyadh Air will begin daily flights to London Heathrow on October 26, 2025, and launch ‘Sfeer’, a new loyalty program offering early benefits for members
Bahrain economy
Bahrain non-oil economy grows 3.5% as GDP rises in Q2 2025
Bahrain GDP grew 2.5 per cent in Q2 2025, led by 3.5 per cent non-oil growth and strong gains in professional, retail, and real estate
