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Central Bank imposes strict sanctions on branches of Bank Melli Iran operating in UAE
24.09.2026

Central Bank imposes strict sanctions on branches of Bank Melli Iran operating in UAE

ABU DHABI, 23rd September, 2026 (WAM) -- The Central Bank of the UAE (CBUAE) has announced the imposition of strict enforcement measures against the branches of Bank Melli Iran operating in the UAE, in accordance with Article (168-1-C) of Federal Decree-Law No. (6) of 2025 regarding the Central Bank, Regulation of Financial Institutions and Activities, and Insurance Business.These measures have been taken as a result of violations related to non-compliance with the regulations, laws, and supervisory decisions in force in the UAE, including the requirements and obligations set out under the legislation related to combating money laundering, the financing of terrorism and proliferation financing.Based on the results of the examinations, and in accordance with the powers granted to the Governor of the Central Bank of the UAE under the applicable laws and regulations, it has been decided to prohibit all branches of Bank Melli Iran operating in the UAE from conducting any financial transactions to and from Iran, including trade finance and fund transfers.The Central Bank continues to enhance its supervisory framework and take the necessary measures to safeguard the soundness and integrity of the financial system in the UAE, and to ensure that financial institutions and entities subject to its supervision comply with the highest standards of compliance, in line with relevant international best practices and standards.

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EQT launches Middle East platform, opens Abu Dhabi office
23.09.2026

EQT launches Middle East platform, opens Abu Dhabi office

ABU DHABI, 23rd September, 2026 (WAM) -- EQT, a leading global private markets firm with US$389 billion in assets under management, today announced the launch of its Middle East platform and the opening of an office in ADGM, the international financial centre of Abu Dhabi.According to a statement issued by the company today, the opening of the Abu Dhabi office establishes EQT's active, on-the-ground presence in the GCC and marks its long-term commitment to the region.The company said ADGM's globally connected financial ecosystem, strong regulatory framework and institutional environment made Abu Dhabi a natural location for the office and a strategic base from which EQT can deepen engagement with investors, companies and partners across the GCC.The office is the first location within a broader regional platform that EQT expects to develop over time.EQT's Middle East platform is led by Jimmy Mahtani, who has been appointed Chairman of GCC, alongside his existing role as Chairman of India and Southeast Asia for EQT Private Capital. The Abu Dhabi office is led by Smiyet Belrhiti, Head of Middle East, who has also been appointed Senior Executive Officer.Ahmed Jasim Al Zaabi, Chairman of ADGM, said, "Abu Dhabi continues to strengthen its position as a leading global financial centre, attracting the world's foremost investment institutions and long-term capital to an ecosystem built for sustainable growth. This momentum reflects the strength of our economy and the confidence global investors place in Abu Dhabi as a gateway to opportunities across the region and beyond.""We welcome EQT to ADGM and look forward to its contribution to our growing financial community as we continue to advance Abu Dhabi's position as the Capital of Capital," he added.Jean Eric Salata, Chair of EQT Group, said, "Abu Dhabi is a place where EQT has had the privilege of developing close ties over the past three decades with senior leaders at the largest regional investors. That history is an important part of why this next step matters."Per Franzén, CEO and Managing Partner of EQT, said, "The launch of EQT's Middle East platform reflects our conviction in the scale and momentum of opportunity across the GCC. We see significant opportunities to support the growth of our existing portfolio companies and invest in new businesses across sectors undergoing structural transformation and attracting long-term capital."Smiyet Belrhiti, Head of Middle East, said, "Across the Middle East, we are seeing a growing pool of high-quality companies in sectors central to EQT's long-term strategies. EQT's presence here reflects our conviction in the region's potential to produce globally significant companies over the next decade."With the addition of Abu Dhabi, EQT now has offices in more than 25 countries that together account for more than 80 percent of global GDP.

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SIF 2026 unveils agenda focused on adaptive economies, AI, capital flows, resilient supply chains
21.09.2026

SIF 2026 unveils agenda focused on adaptive economies, AI, capital flows, resilient supply chains

SHARJAH, 21st September, 2026 (WAM) -- The ninth Sharjah Investment Forum (SIF 2026) will take place on 14th and 15th October at Al Jawaher Reception and Convention Centre under the theme "Building Adaptive Economies", with an agenda centred on four key strategic pillars: regulatory competitiveness and economic adaptability; AI, technology and industrial transformation; smart capital flows and supply-chain resilience; and future living and economic growth.Organised by the Sharjah FDI Office (Invest in Sharjah) in collaboration with the Ministry of Investment, this year's forum will bring together policymakers, government officials, leading global and regional CEOs, business and financial leaders, and investors.The forum's agenda responds to rapid geopolitical and economic changes and structural shifts in the global economy, from the reshaping of investment policies and capital flows to the rise of advanced technologies and changes in value and supply chains, as well as transformations reshaping the future of cities, productive sectors and consumer behaviour.Commenting on the agenda, Mohamed Juma Al Musharrkh, CEO of IIS, said, "The pace of change across global markets is challenging governments and businesses to continually rethink how they compete, invest and grow. This year's agenda responds directly to that reality, bringing together the policy, technology and investment questions that will influence where capital moves, how industries develop and how economies strengthen their competitiveness."He added, "Building adaptive economies requires the ability to anticipate where opportunities are emerging and create the conditions for businesses and investment to respond. Through SIF 2026, we are bringing public- and private-sector leaders together to consider how policy, capital and innovation can support economic growth through periods of rapid change."The forum's first pillar, "Regulatory Competitiveness and Economic Adaptability," will examine how policy, business conditions and corporate leadership can adapt as markets, technology and investment patterns change."Thriving in the Age of Constant Disruption" will explore how entrepreneurial thinking, agility and experimentation can help businesses respond to technological, economic and market shifts. "The CEO Playbook: Leading Through Constant Change" will focus on navigating volatility, assessing structural change and capital allocation.Government policy will be the focus of "Where Policy Meets Pace: Frameworks Ahead of the Curve." The session will discuss how coordinated policy can respond to changing capital and trade flows, support emerging industries and provide stability and predictability for investors.According to UNCTAD's World Investment Report 2026, governments adopted 229 new investment policy measures worldwide in 2025, with growing attention to growth, resilience, technological progress and economic security."Beyond Ease of Doing Business: Building Economies Where Businesses Grow" will turn to investor retention and expansion, including government services, data, digital transformation, and coordination across Sharjah's business ecosystem.The second pillar, "AI, Technology and Industrial Transformation," will explore how AI, automation and emerging technologies are changing industry, investment and how businesses operate and scale."Powering Adaptive Economies with Agentic AI" will deliberate how agentic AI can transform government and investor services and complex processes, alongside the requirements for responsible deployment at scale, while "The Next Industrial Frontier: Innovation, Technology and Growth" session will highlight the innovations driving the next industrial era and their practical application across operations, in addition to the workforce and skills needed to accommodate the transformation.According to UNCTAD's World Investment Report 2026, AI infrastructure, advanced technologies, semiconductors and other strategic sectors accounted for 44 percent of the value of greenfield FDI projects worldwide in 2025, up from 16 percent in 2020."The Future Is Now: Investing in What Comes Next" will explore rapid technological change, including new models of work, entrepreneurship and value creation. Meanwhile, "From Vision to Vitality: Sharjah's Fast Track to Healthcare Breakthroughs"" will connect how science, research and practical innovation, can cause impact.The "Smart Capital Flows and Supply-Chain Resilience" pillar will examine how shifting capital flows and pressures on global supply chains are reshaping investment, trade, and economic resilience.Changing investor appetite, high-growth financing, cross-border expansion and emerging asset classes will be explored in "Capital Without Borders: Where Smart Money Is Moving Next." Meanwhile, "Supply Chains Under Pressure: Strengthening Resilience Against Global Shocks" will shed light on how geopolitical and trade disruptions are driving investment in connectivity, infrastructure and more diversified supply networks.UNCTAD data show that global foreign direct investment flows rose by 6 percent in 2025 to $1.6 trillion, with more than 80 percent concentrated in the 20 largest recipient economies. The figures add context to the forum's discussion of what determines where capital moves and which markets are best positioned to attract it.The fourth pillar, "Future Living & Economic Growth," will examine how development, environmental pressures and changing consumer behaviour are shaping investment and future demand."Partners in Growth: Agreements Shaping Tomorrow's Trade" will bring together ambassadors from the UAE's CEPA partner countries to explore how these agreements are opening new markets, strengthening trade and creating opportunities for investment and growth."From Buildings to Destinations: Driving Economic Growth," focusing on how infrastructure, sustainable communities, tourism and commercial activity can attract residents, businesses, visitors and investment to Sharjah.Food security, including climate change and water scarcity, will be featured in "Growing a Sustainable Future: Where Agriculture Meets Sustainability," alongside clean energy, resource efficiency, and agricultural technology. "The Consumer of 2035" will look at how AI, demographic change and digital lifestyles are reshaping consumer behaviour and how businesses can anticipate changing demand and expectations.The previous edition, held alongside the World Investment Conference in 2025, attracted more than 12,000 participants from 142 countries and featured more than 130 ministers and international leaders.

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UAE accelerates drive to take national products to global markets
20.09.2026

UAE accelerates drive to take national products to global markets

ABU DHABI, 18th September, 2026 (WAM) -- The UAE continues to strengthen an integrated ecosystem linking domestic production with quality, innovation, technology, supply chains and global markets, enhancing the competitiveness, resilience and sustainability of the national economy.The approach spans the production cycle, from agriculture and food production to advanced manufacturing, product identity, marketing and exports, while directing government and institutional demand towards priority national products.In April, the Cabinet approved the National Project for the Protection of Geographically Defined Products to identify and protect agricultural, industrial and traditional products whose quality, characteristics or reputation are associated with specific areas of the UAE. It also adopted a policy to increase the presence of national products across retail outlets and digital platforms and facilitate manufacturers' access to major supply chains.In agriculture, the National Agriculture Centre (NAC) and the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) have unveiled the National Project for UAE Good Agricultural Practices (UAE GAP) to raise local production standards and improve access to new markets. The programme aims for 80 percent of local farms to obtain UAE GAP certification.Other measures include the National Agricultural Initiative for the Adoption of Climate-Smart Crops, aimed at diversifying the national food basket and reducing reliance on imports, and the Sustainable Product initiative, which seeks to increase the share of locally produced agricultural and livestock products used by the UAE's restaurant and hotel sector to 25 percent.In industry, an AED1 billion National Industrial Resilience Fund has been approved to support the localisation of critical industries, strengthen supply-chain resilience and accelerate the adoption of artificial intelligence across production, operations and planning.The UAE has also expanded the National In-Country Value Programme, making its application mandatory in selected sectors to channel more government and institutional demand towards national products and strengthen their integration into supply chains.The Make it in the Emirates platform further connects investors, manufacturers and industry leaders with domestic production and investment opportunities, while ADNOC's Local+ initiative gives greater priority to UAE-manufactured products across its projects.Efforts to retain greater value within the national economy also include the launch of the UAE's largest aluminium recycling plant, the Al Taweelah recycling plant in Abu Dhabi-with an annual capacity of 185,000 tonnes, enabling aluminium scrap to be processed locally into high-quality, lower-carbon products.Meanwhile, the Ministry of Industry and Advanced Technology's Factory Forward UAE initiative brings industrial technology transformation programmes and enablers under a single framework. Programmes within the ecosystem have supported more than 700 factories, while over 620 have been assessed through the Industrial Technology Transformation Index (ITTI).Alongside expanding domestic production, the UAE is strengthening international investments and partnerships to connect national capabilities with regional and global resources, markets and value chains.Together, these initiatives reflect the UAE's drive to build a more competitive and technology-enabled national production base, capable of meeting domestic demand while expanding into global markets and strengthening the country's position in international value chains.

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AED 6 billion Al Wadi residential project launched on Yas Island in Abu Dhabi
19.09.2026

AED 6 billion Al Wadi residential project launched on Yas Island in Abu Dhabi

ABU DHABI, 18th September, 2026 (WAM) -- Cosmo Developments, a joint venture between Abu Dhabi-based Flag Holding Group and Reportage Group, has launched THE WADI, a mixed-use residential development on Yas Island with an estimated investment of AED 6 billion. Cosmo Developments is fully managed and powered by Reportage Group.Overseen by Reportage Group from development and delivery through to long-term management, THE WADI occupies a plot area of approximately 140,700 square metres. It comprises 3,950 residential units, including studios and one-, two- and three-bedroom apartments, alongside commercial, recreational and sports facilities, as well as a hotel planned within the master plan.Conceived as a nature-led destination, THE WADI draws inspiration from the UAE’s enduring landscapes and the journey of water through the valleys. The project’s identity is shaped by the relationship between land, water and life, reinterpreting this natural phenomenon into a contemporary community on Yas Island. Rooted in in the UAE’s natural and cultural heritage, THE WADI is designed to offer a more grounded, reflective and connected way of living.THE WADI is located along Yas Canal on Yas Island, Abu Dhabi, an emerging waterfront residential destination featuring luxury developments, national housing projects and landscaped canal-side promenades. The project is approximately five minutes by car from Zayed International Airport, nine minutes from Ferrari World Yas Island and 11 minutes from Yas Island, while central Abu Dhabi is around 23 minutes away.Andrea Nucera, Managing Director at Cosmo Developments and Group Managing Director at Reportage Group, said: “THE WADI reflects the evolution of Reportage and our approach to developing mixed-use residential communities that respond to their location, the needs of residents and the evolving expectations of the market. The project introduces a new, nature-led design philosophy that redefines the role of nature in shaping how communities are imagined, experienced and valued over time.He added: “THE WADI is designed to contribute to Abu Dhabi’s growing appeal as a destination for residents, investors and visitors, while introducing a distinctive, integrated destination to Yas Island.”Adnan Tareen, Managing Director at Flag Holding, said: “Yas Island provides an exceptional setting for a project of this scale and ambition, and THE WADI has been conceived to complement Abu Dhabi’s continued growth as a global destination for living, investment and tourism. Through its nature-led design, integrated mix of uses and emphasis on quality of life, the project reflects our commitment to developing communities that create long-term value for residents, investors and the wider emirate.''

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Aldar, Mubadala expand investment in Masdar City with acquisition of Masdar City Square
16.09.2026

Aldar, Mubadala expand investment in Masdar City with acquisition of Masdar City Square

ABU DHABI, 16th September, 2026 (WAM) -- Aldar and Mubadala Investment Company (‘Mubadala’) have jointly acquired Masdar City Square for AED918 million, through their joint venture established in 2024.The transaction further scales the partners’ high-quality, income-generating real estate portfolio, now valued at AED4.7 billion within Masdar City, one of the region’s leading hubs for clean energy, artificial intelligence, advanced research and sustainable urban development.Masdar City Square comprises more than 47,000 sqm of net leasable area across seven office buildings. Completed in the first quarter of 2026, the complex is 99% occupied by a high-quality tenant base that includes TAQA, the Department of Energy, Emirates College and Mohamed bin Zayed University of Artificial Intelligence.The acquisition further strengthens Aldar’s commercial portfolio, while deepening the JV’s presence in Masdar City which continues to develop as a leading sustainable urban community and business destination with a highly diversified ecosystem. Located near Zayed International Airport and with direct access to major highway networks connecting Abu Dhabi and Dubai, Masdar City Square is strategically positioned within one of Abu Dhabi’s key business districts.Talal Al Dhiyebi, Group Chief Executive at Aldar, said, “Abu Dhabi’s strong economic fundamentals and continued investment in future-focused industries are attracting businesses, institutions and talent from around the world, supporting sustained demand for high-quality commercial real estate. Masdar City is an important part of that growth story, with a distinctive ecosystem built around clean energy, technology, artificial intelligence and advanced research.Masdar City Square adds a high-quality, highly occupied asset to our joint venture with Mubadala as we continue to scale our presence in this strategically important destination.”Ali Eid AlMheiri, Executive Director, Diversified Assets, UAE Investments Platform at Mubadala, said: “Investing in the infrastructure of future-focused sectors is central to how Mubadala’s UAE Investments Platform builds long-term economic value in Abu Dhabi. Masdar City Square is a newly completed commercial asset with near-full occupancy and a high-quality institutional tenant base that reflects Mubadala's disciplined investment approach. Through our joint venture with Aldar, we are assembling a real estate portfolio that strengthens the operating environment for knowledge-driven industries, advances the UAE’s Net Zero ambitions, and contributes to the continued diversification of the UAE economy."Ahmed Baghoum, Chief Executive Officer of Masdar City, said, “Sustainability is central to the design of the complex, which is designed to achieve LEED Platinum and WELL Gold certifications and features solar photovoltaic systems and passive cooling techniques. It also adds a net-zero energy HQ office building, currently serving as Abu Dhabi Department of Energy’s HQ, to the joint venture’s portfolio. Connected to Masdar City’s wider commercial and lifestyle ecosystem, the acquisition advances Masdar City’s vision for a connected, sustainable community that supports investment, innovation and growth, creating lasting value for Abu Dhabi.”The acquisition is the latest transaction under a Masdar City focused joint venture created by Aldar and Mubadala in 2024, which included the acquisition of 17 assets within the Masdar City Green REIT and The Link at Masdar City, which completed in Q1 2026. With the addition of Masdar City Square, the joint venture now holds a diversified portfolio spanning more than 158,000 sqm of net leasable commercial space occupied by a high-quality tenant base that includes IRENA, Masdar, Siemens, G42, and the UAE Space Agency with a weighted average unexpired lease term of approximately 5.2 years. The portfolio also includes over 1,400 residential units, which are fully occupied.

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ADIO, Bayer sign strategic agreement to advance life sciences, agri-food innovation
13.09.2026

ADIO, Bayer sign strategic agreement to advance life sciences, agri-food innovation

ABU DHABI, 12th September, 2026 (WAM) -- Abu Dhabi Investment Office (ADIO) and Bayer signed a strategic Memorandum of Understanding (MoU) during the state visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, to Germany.The MoU establishes a framework to explore collaboration across health, life sciences, food security, philanthropy, and innovation ecosystems.The MoU was signed by Mohammad Ali Al Kamali, Chief Trade and Industry Officer, on behalf of ADIO, and Matthias Berninger, Executive Vice President, Head of Public Affairs, Sustainability and Safety, on behalf of Bayer.The signing was witnessed by Mohammad Abdulrahman Alhawi, Undersecretary of the UAE Ministry of Investment and Hamad Sayah Al Mazrouei, Undersecretary of Abu Dhabi Department of Economic Development.The agreement provides a basis for both organisations to identify and explore opportunities that leverage Bayer's global scientific capabilities and Abu Dhabi's growing innovation ecosystem.Areas of collaboration include agriculture and food security, including potential field trials to understand crop performance in desert and arid conditions; healthcare innovation and access to advanced therapies; health and food security philanthropy, including healthcare access; and engagement with Abu Dhabi's innovation ecosystem, including research institutions, accelerators and technology programmes.The collaboration supports the development of ADIO's Health, Endurance, Longevity and Medicine (HELM) and AgriFood Growth and Water Abundance (AGWA) clusters, strengthening Abu Dhabi's position as a global hub for healthcare innovation and advanced life sciences while advancing the UAE's food security ambitions.Through the agreement, ADIO and Bayer aim to strengthen knowledge exchange and build connections across relevant stakeholders to support the development of future initiatives that contribute to more resilient and sustainable health and food systems.

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